Author Topic: Newbie to MMM  (Read 4579 times)

appleaddict

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Newbie to MMM
« on: July 25, 2013, 02:41:13 PM »
Hi,
I'm new here and really enjoyed reading the site and the forum.  Now I am trying to figure out where to start??  But I am excited to get to it!

Stats:
1 income household (soon to be 2 as my SO is finally moving in after long debates about where to live)
•   No cable, but internet at $45/month I need it for school so cannot drop it
•   Car note (I LOVE my car and this is probably one of those things that I will not give up)  I also drive clients around sometimes (not reimbursed by my employer)
•   Mortgage, would love to sell but under water a bit
•   Student Loans (crushing amounts, I am embarrassed to say) I need probably 1000 punches in the face for these as they have caused me nothing but grief and I will probably never earn enough in my lifetime to repay them.
•   I have a bike but I couldn't ride it to work if I tried.  It's a cruiser and I would need a hybrid at the very least I think.  That is on the list for the end of summer, maybe I will catch a deal.  One way to work is 12 miles, I think it can be done and maybe I can shed some weight?
So here are some ways I think I can improve:
•   Heating bill, it is an astonishing $200+ in the winter.  In the coldest months (Jan & Feb) it will top $400.  Clearly some insulation should be done.  I already keep it at 65 in the day and 60 at night.
•   Commute, maybe I can bike, but my overweight self cannot ride up a hill which I will need to.  So my goal is to get a good bike and get on some hills!
•   Commute for SO is 50+ miles one way.  I have attempted many times to convince him to request to transfer to a store closer to where I live and work but he refuses.  He showed me MMM (I think as a joke) but I am going to show him about living near where you work.  Our current jobs are about 60 miles apart.  Any suggestions on the convincing are welcomed and needed.
•   Apple addiction (hence my name), yep I got 4 punches in the face for my "extra" apple products.  Dang :(  I am in the midst of purchasing a new one to use for school.  So extra punch I am waiting for you.  But this will be the last. 
•   Starbucks, yep I am one of those, but this is an easy habit to kick.  I usually shop there on gift cards because my friends and family know how much I love it.  When my gift cards are out I'm done except for the occasional (monthly) treat.
•   My groceries I usually get at Costco.  I prepaid for a local farm share ($15/week) so I normally shop for meat, dairy and the occasional dried item.  Not much spending there
•   We dine out every weekend on Saturday, it's our date night.  Maybe we can cut this to twice a month
So my next steps are
•   Look into some insulation for the house
•   Save up some money for a bike

Eric

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Re: Newbie to MMM
« Reply #1 on: July 25, 2013, 02:52:17 PM »
You have a lot of stuff here, but I'll tackle this one:

•   Commute for SO is 50+ miles one way.  I have attempted many times to convince him to request to transfer to a store closer to where I live and work but he refuses.  He showed me MMM (I think as a joke) but I am going to show him about living near where you work.  Our current jobs are about 60 miles apart.  Any suggestions on the convincing are welcomed and needed.

Does he realize just how much money that commute is costing him?

http://www.mrmoneymustache.com/2011/10/06/the-true-cost-of-commuting/


And welcome!

Eric

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Re: Newbie to MMM
« Reply #2 on: July 25, 2013, 03:23:08 PM »
•   Student Loans (crushing amounts, I am embarrassed to say) I need probably 1000 punches in the face for these as they have caused me nothing but grief and I will probably never earn enough in my lifetime to repay them.

•   We dine out every weekend on Saturday, it's our date night.  Maybe we can cut this to twice a month

One more for you.  Newsflash!  Your debt is an EMERGENCY!!

http://www.mrmoneymustache.com/2012/04/18/news-flash-your-debt-is-an-emergency/

EMP

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Re: Newbie to MMM
« Reply #3 on: July 25, 2013, 03:39:45 PM »
•   Car note (I LOVE my car and this is probably one of those things that I will not give up)

You need to get over this.  Especially with your debt emergency.


•   Mortgage, would love to sell but under water a bit
•   Student Loans (crushing amounts, I am embarrassed to say) I need probably 1000 punches in the face for these as they have caused me nothing but grief and I will probably never earn enough in my lifetime to repay them.


You can't do anything about these, so no sense in dwelling on past mistakes. 

However,

•   Apple addiction (hence my name), yep I got 4 punches in the face for my "extra" apple products.  Dang :(  I am in the midst of purchasing a new one to use for school.  So extra punch I am waiting for you.  But this will be the last. 
•   

you can choose to add to your debt emergency or to crush it with your mighty willpower.  The choice is yours. 

Jacob F

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Re: Newbie to MMM
« Reply #4 on: July 25, 2013, 03:41:29 PM »
You need to provide some actual facts. How much income, how many expenses. How much debt. How many assets.
Otherwise its hard to help.

I'm not quite sure what you are asking for here. As clearly, facepunches don't help to push you in the right direction of steering clear of all overpriced products (car, Apple products). You already know that you are doing things that are not good for your future, in a financial way that is. As Eric already said: Your debt is an Emergency!

matchewed

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Re: Newbie to MMM
« Reply #5 on: July 25, 2013, 04:27:51 PM »
Just a note, buying a new bike (even if it's used) will not make you into the exercising bicycle badass you want to be. Biking will. So regardless of what bike you have you should just start biking. Maybe it's errands first, toss in a longer ride on the weekends, and work your way up from there.

turboseize

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Re: Newbie to MMM
« Reply #6 on: July 30, 2013, 08:49:41 AM »
Definitely!

Make sure your bike is in good working order: tires inflated, chain lubed, gears adjusted, hubs adjusted and lubed (depending on construction, "cassette bearing" types should be maintenance free), wheels aligned, brakes adjusted, lights working. All these are minor works that can easily be done by yourself - there is a lot of info on the web.

Then, take some effort to adjust the saddle to the correct height. I see so many people riding with their saddles too low - which will only hurt their knees and even require greater effort!
Wear shoes whose sole has approximately th esame thickness. No, no high heels, no plateau. Just shoes. Sit on the bike - preferrable next to a wall. Put both feet on the pedals (you will keep your balance by leaning onto the wall with one of your arms). Now put your heel on the pedal. Adjust saddle height so that your leg is straight. Check with the other side. If this works, in the next step assume yor riding position: put the ball of your foot on the pedal, where they will be when cycling. Now your legs should be slightly bend even when the pedal is on it's lowest point. Check by pedaling backwards*: When the pedal is down, your legs should be almost, but not entirely stretched, rather slightly bent. You should be able to pedal this way without your hips moving. If your hips are moving, lower the saddle slightly. Check again with the heels on the pedal -> legs should still be straight. Now balls of the feet on the pedal, check again if your hips don't move... This can be a millimetres' game and take a while.

Congratulations, you're set. Now ride your bike! And no excuses about it being "only a cruiser"! In the first half of the 20th century, cyclists were tackling the tour de france and the giro d'italia on primitive single speed bikes. If my Grandpa could conquer the Alps on a single speed bike, that small hill should not stop you. ;-)

I would rather not start commuting by bike immediately as you stated to be overweight and out of shape. 9 Miles is roughly 14.5km, which for an experienced cyclist is a piece of cake. However, after a long break it can be quite hard. In my youth, I regularlky drove 120km (75 miles) in a single training unit - when I resumed cycling after several years break, a short spin of 25km left me destroyed for the rest of the week, even though I had always done at least some kind of physical exercise.
So I suggest you take the bike out for a spin around the neighbourhood after work, you do some tours on the weekend to build up some endurance and confidence. After some weeks, do a test run on the weekend - drive to your workplace and back. Having done that, you know how long it takes, and that you shall definitely survive the exercise.
And remember: cycling does not get easier with practice. Never. But you will get faster. A lot. :-)

Cycling to work and back and doing your shopping by bike should solve the weight- and out-of-shape issue in no time.




On the financial side, I'd suggest to rigourously cut eating out. Even if it's your "dating".  You can have the romantic dinner - at home. Guess what I do every weekend? An over-the-top 3-course menu for two people can be prepared for 25€, including a really good wine.  In a restaurant you would spend 80-120€ for that quality.

*Obviously, pedaling backwards does not work on a bike with coaster/backpedaling brakes.
« Last Edit: July 30, 2013, 08:51:33 AM by turboseize »

AugsburgMustache

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Re: Newbie to MMM
« Reply #7 on: July 31, 2013, 05:27:37 AM »
Excellent advice so far in my opinion.

Quote
Car note (I LOVE my car and this is probably one of those things that I will not give up)  I also drive clients around sometimes (not reimbursed by my employer)
Many have said this already but it cannot be stressed enough. Drop the car habit, NOW! I was in a similar situation with a beautiful Porsche but at some point I realized how much money that magnificent machine costs. The final face punch came from MMM in the form of a question: "Is it worth working X years more in your life to afford such vehicles?" And I thought to myself "heck no!" and got rid of it. It felt like a giant rock has been lifted from my shoulders and I didn't even realize the rock this whole time.
You might miss it from time to time, like me when I am on some windy mountain road, but just think about the years you can retire earlier and do what you want with your time.

Quote
Apple addiction (hence my name), yep I got 4 punches in the face for my "extra" apple products.  Dang :(  I am in the midst of purchasing a new one to use for school.  So extra punch I am waiting for you.  But this will be the last. 
You said it right: addiction. That last sentence says it all ("But this will be my last cigarette, I promise..."). What are you in the process of buying for school? Is this product capable of doing something that the other four Apple products can't? I seriously doubt it without even knowing what you want to buy. Surprise me :-)

Quote
We dine out every weekend on Saturday, it's our date night.  Maybe we can cut this to twice a month
I was at a point where I dined out almost twice a week for a couple of months. I thought I treated myself to something and that I would miss it dearly. You know what? I didn't eat out for two months now and there is not a single thing I miss about it! I love treating my SO and myself to a great homemade dinner that costs a fifth or less than eating out. I can even invite 6-8 people over for dinner and still pay the same amount like I would have at the restaurant for two people. I'ts social, fun and you save a ton of money. Additionally you become an expert cook and that is something pretty impressive! I usually invite people over earlier so we have a couple of drinks while I cook and chat a bit, it's great!


frompa

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Re: Newbie to MMM
« Reply #8 on: July 31, 2013, 05:37:02 AM »
re:  "Wear shoes whose sole has approximately the same thickness. No, no high heels, no plateau. Just shoes. ..."   Dude, lighten up, eh?  I regularly bike in heels, sometimes ridiculous heels, and find doing so is a blast.  Wear whatever shoes you want, to bike, but especially when you are starting out, make sure whatever you wear gives you the stability to easily mount and dismount the bike at intersections, etc..  Once you get yourself broken in, though, the sky's the limit. 

turboseize

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Re: Newbie to MMM
« Reply #9 on: August 01, 2013, 12:31:20 AM »
Well, you can bike in every kind of shoes you want (though I wouldn't), but this sentence was on adjusting saddle height. And with a strong difference in thickness of the sole between ball and heel the method described will simply not work.