Archive | February, 2010

10 Things They Don’t Tell You When You Sign Up For The CPA Exam

26 Feb

cpaexamfailure

  1. CPA Butt: You will gain weight and/or get out of shape.
  2. Start Counting Sheep: You will develop insomnia. Invest in melatonin.
  3. The Faster, The Better: You never loved quick fix meals so much.  Do you know how fast those Chipotle workers can make a Burrito Bowl?!  Crazy fast.
  4. Is There A Tax Deduction For This?: …because it costs over $1,000 and the best study materials are $4,000 brand-new.  In short, you’re paying a crap-ton of money for months of torture and pain.
  5. You’ll Become A 26-Year Old Grandma: Kiss your friends & family and your social life GOOD-BYE.  Staying in on a Friday night to study like-kind exchanges?  Yes, please!
  6. Wanna Be My Study Buddy?: Your boyfriend/girlfriend/spouse/BFF/dog/hamster/laptop will become your new best study buddy (most likely against their will).  Rally the troops people, you’re gonna need to someone to 1) read you questions non-stop, 2) calm you down when you have a panic attack, and 3) force feed you alcohol when you experience #2.
  7. College Is For Wienies: You thought you read a lot in college? You didn’t.
  8. No Place Is Safe: Any place is at risk for breaking out the latest edition of Becker or Wiley.  This includes but is not limited to: the pool, stores, cars, restaurants, friend’s houses, coffee shops, in bed, waiting in line at McDonald’s, and last but not least, on the elliptical machine.
  9. Libraries Are The New Day Care: You will quickly discover that libraries are NOT the quietest place in town.  In fact, libraries are noisier than the local college bar on a Wednesday night.  Why?  Because kids are loud and many of them have not discovered their “quiet voice” yet.
  10. Nightmare On Tax Street:  If you do finally coax your overflowing brain into dreamland, it’s not going to be pleasant.  Numbers and problems and mnemonics, OH MY!

Image Source: Another71.com

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You Love Me, You Really Love Me?

24 Feb

 

Plutus Awards 2009 Finalist

Things are looking up this week – I was shocked to find out I was nominated for a Plutus Award!

What’s that you ask?  Basically an award to honor people throughout the Personal Finance community.

I was nominated for Best Kept Secret Personal Finance Blog!

I am honored to be nominated with other bloggers like My Next Buck, Eliminate The Muda, Frugal Zeitgiest, and Out Of Your Rut!

I would really appreciate anyone who took the time to go HERE and vote for me!  You can vote for as many people as you like, but my category is about a third down the page.

Thanks so much & I heart all you readers who voted for me.  It really made my week. 🙂

More Fabulous Q&As!

23 Feb

Here are a few more fabulous questions from my “Ask Me Anything” account over at Formspring.

What do you refuse to pay a lot of money for? [assuming it’s not an emergency situation]

Everything!
food
clothing
decorations
entertainment
electronics
household products & cleaners
utilities
cell phone plan
insurance
I normally get the cheapest option of all of the above. 🙂 This is a small list, too. ha ha.

In your previous answers, you mentioned you had debt.. what kind of debt? Student loans, credit cards, car? What motivated you to pay it off?

I had credit card, car loan, and a small amount of student loan debt. What motivated me? Hmmm…being “owned” by other people. Not living paycheck to paycheck. Not having a savings account. I hated my financial situation and wanted control of my money. I worked hard for my money and wanted to keep it. So, I stopped spending money and got my butt in gear.

Will you and Lloyd be footing most of the bill for your wedding?

I have no idea. I don’t think so. I think my parents will help as much as they can, but I certainly won’t ask for much. If they need us to help, we most certainly will. In fact, if my parents’ can’t pay for a wedding, Lloyd and I will pay for everything…and if that’s the case, it probably won’t be quite as big as I was thinking.

What are some items you’re willing to splurge on, every time?

Bras. That’s really about it! Sometimes makeup and skincare because I have outrageously super sensitive skin. But usually I can find skincare products that are gentle and affordable. Bras, however, you just can’t go cheap on those bad boys. 😉

Are you and Lloyd talking about marriage yet? Do you have plans for the future?

Yes, we’ve been talking about it for awhile now. Yes, we have plans to get married in the future.

When (or if) you have children, would you teach them at a young age how to manage money? Did your parents teach you anything about money?

Yes – I will definitely be teaching my kids the arts of saving. I will also teach them that credit cards and debt are not necessities for life. I think that is really important to teach kids. Going into college, I knew credit cards were bad, but I always thought “I’ll never have a problem with them.” Yeah right!
My mom is super super frugal. She definitely taught me how to be a bargain shopper! Looking back, now I realize just how much though she put into our groceries and all our other expenses. Back then, my parents didn’t make much, so they had to make every dollar stretch. My mom did such a good job of manages the small family finances and also taught us a bit about how to be frugal.

How long were you and Lloyd together before you started discussing the details of your finances?

Wow – great question! I’ve never even thought about this.
Lloyd got into finances before I did. He put himself on a budget after we had been dating for about 6 months or so. I remember thinking “Ughh!! A budget? That’s no fun!”
I didn’t know it, but he had just become determined to pay off his student loans.
I was annoyed at his budget for a couple more months before I got serious about my debt. In May 2007 – about 8 months into our relationship – we really started discussing our finances. I was just getting pumped up about paying off my debt and he was in full-force “budget mode”.
We talked about our debt situations seperately for about another year or year and a half. I’d say somewhere around the 2 year mark is where we starting talking about “our” future finances and how we’d like to live our life by way of finances in the future.
Now, we discusses our finances quite often. Our finances are not merged, and won’t be until we get married. Now that we’re both debt-free, talking about finances is way more exciting!
We still have little disagreements about money though – his tipping is OUT OF CONTROL. He tips 30% almost always! This drives me crazy! But if that’s the biggest of our problems, I’m not too worried. 🙂

How many years has it been since you graduated from college?

About 5 years.

Will you and Lloyd join accounts/assets fully? Before, or after marriage?

We will join everything together and we’ll do it after we’re married. We have about the same amount of cash in the bank, so it’s not like one will be bringing much more than the other into the relationship. And even if that was the case, it wouldn’t be a problem.

Keep The Questions Coming!

16 Feb

Over the weekend I signed up for a formspring account…also known as the website where you can ask me anything from what my income is to the most embarrassing thing I’ve ever done on a date and I’ll answer it.  

However… I won’t answer questions that give away my identity or are just weirdly inappropriate (you know who you are). 😉

Here are the questions I’ve answer thus far:

If you had student loans, would you pay them off before you bought a house? What if you had $15,000 and what if you had $150,000, would it make a difference?

Ooohh, good question. The answer is yes. To a certain extent. I am very blessed to have reached a fairly high income for my age. So, even if I had $150K in student loans, I would definitely try to pay them off before I bought a house. I just HATE to have anything holding me back, ya know? Plus, if I have $150K in student loans, I better have a damn good paying job!

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What tempts you the most to blow your budget? 😉

Eating/drinking out. 🙂

I love to shop but generally just stay away from the stores so I don’t end up splurging. 🙂 Plus, I have ZERO free time right now, so that is seriously helping my budget!

But really, Lloyd and I love to unwind by going out to eat or to get a drink, especially on the weekends. We really, really try to keep it cheap, but sometimes it’s hard!

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When you think of your dream wedding, do you imagine a large and more expensive affair, or a small, intimate, less expensive one? Do you want a big, expensive honeymoon?

Well, I want it to be large in terms of people because we have such huge families. We’ll probably have 400-500 people. But, I don’t want to spend much! I don’t care about what the reception looks like or the flowers or anything. I just want all my friends and family, good food and cake, an open bar, and lots of dancing!

Yep – I want to splurge on an awesome honeymoon! We have talked about 2 weeks or so at an all inclusive resort in Mexico or Jamaica or something like that. 🙂

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As a kid, I lived in Overland Park, Ka. Have you heard of that place? I would love to go back and see what it looks like as I have very few memories of it.

Ha! Yeah – I’ve definitely heard of O.P.! It’s huge! It’s one of the biggest cities in the KCMO area. You should come check it out sometime!

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Are you a born and bred Kansas girl?

I’ll say that I’ve lived in Kansas City my entire life…yes. I can’t tell you which side of the state line I live on though… 🙂 Everything is better in the Midwest!

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are you a corporate accountant or public?

All I can say is that I’m an accountant… 🙂

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what do u do for a living?

I’m an accoutant. 🙂

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Keep ’em coming!  Ask me ANYTHING here!!