Thursday, February 26, 2015

My First Private Screening: 50 Shades of Grey

Last Friday night I had the pleasure of attending Rough Rider condom's private viewing of Fifty Shades of Grey at Palace Cineplex.

Back in 2012, the phenomena, like most other fads, totally missed me here in my little corner..... Fast forward to 2015 & everybody & their grandmother has an opinion on the books & the movie...most of which are bad. I am not one to who takes reviews as gospel (as we Jamaicans would say) instead I like to read books or watchr movies & form my own opinion... so I went into the viewing with an open mind.

Sunday, February 1, 2015

The $150 Challenge

Last week was a very enlightening week for me. I had a well needed talk with my boss' Insurance Advisor which got me thinking hard about my current financial status. Let us just say that financial literacy has never been something I had an excellent grasp on until recently & I still have more to learn.

Back to my conversation with the Insurance Advisor..... she reminded me of something I learned a long time ago but had not put into action for awhile.... paying yourself first! She stressed that I should have been saving at least 10% of my monthly earning since the day I started working there in 2012.

Like I said before, this concept was not new to me by any means but for some reason I have constantly used bills & unnecessary wants as an excuse to not save a [substantial] dime.

Fast forward to bestie Shauna & I were talking & she mentioned to me that she was going to start the $150 Challenge!

At first I thought, the $150 USD Challenge? which made me not even consider attempting that challenge. Luckily for me she meant the $150 JMD!

My Jamaicans are probably saying, "That is not money!" & on a normal day the most it can give you is one-way ride on a JUTC bus. It may seem small but it can make a difference after a period of time.

Back to the challenge...

The challenge is to save at least $150 JMD a day & at the end of the month whatever is saved, I would match that total & then lodge it in the bank.

Therefore, I can save at least $66,000 JMD (at least $600 USD) at the end of the year.

The money saved can go towards "My Retirement" saving plan or  help me finance a trip somewhere.

Of course I will also continue my current saving pattern & ensure that my 10% "self payment" goes to my saving account where it will remain untouched until I am ready to make a "big purchase" or invest it wisely.

Wish me luck & share with me any other saving strategies you may utilize.