Tough Times

When did I become such an adult?

In the past three months, I've paid more attention to my financial future than I ever have before. Let's face it. The economy sucks right now. Every day I read yet another story on the news about home foreclosures, high gas prices, the rising cost of groceries, companies going out of business, etc. It's made me think about where I am in this economic downturn. Never have I thought about that before. I was having too much fun in Glacier or New Zealand to worry about my finances. After that I was below the poverty line in Bozeman...what's the point of planning when you're making so little money? Now...things are different. I'm making a decent living but I feel unsure about my future.

I've now become a little obsessed with saving money. I finally enrolled in my company's 401(k) plan. I'm making huge payments each month to pay down my credit card debt. (not a lot...but enough to worry me given my newfound financial outlook). I'm thinking of moving to find a lower monthly rent. I've given up on the idea of having real furniture in my apartment. (Except for that couch I bought...but I'm okay with that purchase). I'm monitoring my bills and bank accounts more than I ever have. I'm taking responsibility for myself.

I'm okay with all of the above. But I'm worried about the next steps. I'm worried about what's in store. A new car is likely in my future. I'm eventually going to have to get a permanent fix for my worn down teeth. (Refer to this post for background). I need to start investing my money (once I pay down my debt and save some more) but I'm unbelievably intimidated by the prospect. Basically I need to balance saving money with spending money....and leaving some room for fun.

That's not the only thing I'm worried about though. Although my job situation is pretty secure, this is a tough time to be in the TV news business. I see co-workers around me struggling with pay raises, contract negotiations, and general work problems. It's discouraging. And it affects me. There have been industry layoffs across the country. Obviously, this is happening across the board...in all lines of work.

I'm just really thinking like an adult now. Thank God I only have myself to support and not a family. I can't even imagine that.