Showing posts with label budget. Show all posts
Showing posts with label budget. Show all posts

Monday, March 9, 2009

Las Vegas is Calling Begging


We've planned our 2nd annual trek to Las Vegas for early April. This is a good time of year for us to travel to Vegas. We're nearly suicidal from all the gray Northwest days, it's warm enough in Sin City to take advantage of the hotel pools, and last but most important, there are shoulder-season deals to be had.

Last year three couples joined in the fun. But this year only four of us are able to make the trip. One of the people who was unable to make it this year finally had to opt out because she's a corporate controller and just couldn't get away from all the tax prep hubbub.

Her delayed decision not to go this year was a total blessing in disguise. We were prepared to pay $400 each for airfare and three nights in a mid-priced hotel on the strip (New York, New York). To our amazement, this tab dropped to $275 the day we made our reservations! Holy cow....the cost dropped 30%! We budget a fixed amount every year for vacations. It's not an extravagant vacation budget so I'm thrilled at this turn of events.

Hotels Have Slashed Rates
When I investigated the drop in costs I discovered that airfares haven't significantly changed but Vegas hotels have drastically dropped their rates in concert. Here's a sampling of mid-week room rates:

  • Bellagio: $146 per night
  • Mirage: $108 per night
  • Monte Carlo: $160 per night
  • Flamingo: $50 per night
  • Excalibur: $43 per night
  • Luxor: $60 per night
  • Mandalay Bay: $110 per night
  • The M: $54 per night
  • New York, New York: $75 per night

Some casinos have reported gambling revenues down by as much as 25% so it's no surprise they're all but giving hotel rooms away.

Budget-Friendly Vacation
If you're looking for a quick getaway on the cheap, check out flight/hotel packages to Las Vegas. The crazy economy is affecting us all to some degree. You might as well put the recession to work in your favor.
Photo by mandj98

Wednesday, January 28, 2009

Commissioned Sales Are Where It's At


As I mentioned in a previous entry, my income is derived from working for straight commission. I've been earning a living this way for ages, so I'm used to the ups and downs from month to month.

Still, I love the occasional upside surprises. I just discovered I had underestimated my income this month (from December sales) by $1,500!


Suh-WEET!

Photo by kiskisbreeze

Thursday, January 15, 2009

Financial Goal #1: Debt Smackdown!


We began budgeting last fall so we have a great handle on our expenses and monthly cashflow. Wife is salaried but I'm straight commission; makes it a little tough to budget but my income has been commission-based for years and I'm used to the roller coaster. The numbers have been crunched and now it's time to apply focus and discipline to the process.

Our #1 goal this year is to eliminate $20,815 of debt.

1) $384 medical debt (orthodontist)
2) $6,887 credit card debt (just plain dumb)
3) $13,544 2nd mortgage on the SFR rental.


The strategy is quite simple. Every available extra dollar will go toward debt reduction until we've ground that bugger's face right into the sweat-stained mat. I'll get one of those bar graph doo-dads up as soon as I figure out how to get it done. Stay tuned....
Photo by RJL20