Budgeting, Lifestyle, Money Mindset, Personal Finance

When Shit Happens

A few weeks ago, my colleague & friend Lucius asked me, “Hey Sophia, you know your personal finance blog.. What about when shit happens?”

My response: “When shit happens? Do you mean like having money for an emergency fund?” He said yes.

So I told him I’d thought about writing about this, and the times I’d had to use mine (a brief period of unemployment, taking my car to get fixed at the expensive Mini Garage, etc). However, I was currently in a strange position as I had a large emergency fund that I was planning to use as my soon-to-be wedding fund and therefore, may soon need to start fresh. I offered, “You’re welcome to write a guest blog if you like!”

So here is the result, my friends. Please note that we have different opinions on our job, where I get to round out my financial experience in insurance, banking and tax; where we work in a tall building in my favourite suburb overlooking the Sky Tower & city skyline on one side and the majestic Mt Rangitoto & ocean on the other; where the pay is average but having a few other income streams makes it manageable; and where the job itself can be challenging (also, but less often, rewarding) but our team is amazing to work with. That being said, his thoughts are also completely true, valid, and hilarious. Enough of my rambling – enjoy!

Hello to all of Sophia’s readers. As you all might have guessed I have the fortunate “privilege” of working in a dead-end, shitty job wishing that some random shitstain would just throw you off the top floor of the excrement filled building… Motherfucker! A call centre job is not only career suicide, it presents you with constant and elevated stress due to dealing with the very dregs of society, being monitored like criminals by management, and more importantly, shit-all pay. With the cost of living only going up and the value of the dollar diminishing every year; our standard of living has been worse than it’s ever been.

Being more tight-fisted, finances has become a certain necessity for some and a daily struggle for many. Indulging in luxuries once in a blue moon could shove you into paupacy for a few weeks, while a catastrophic event like a car crash or medical condition could tumble you headfirst into financial ruin… And this is exactly why Sophia has invited me to be a guest blogger: to tell you how to prepare when the metaphorical shit/excrement/faeces/turd hits the fan.

Accidents happen, life is shit and shit happens; moral of the story is shit! Personally, when shit happens to me, it happens all at once. Not only did I crash my vehicle (my fault), the garage door malfunctioned, vehicle tyres needed urgent replacing and I had already pre-ordered re-enactment equipment that needed to be paid off that week. Fortunately, I was able to and am still able to pay these off and multiple times over should I need to. You can budget wisely and save to prematurely prepare for said unforeseeable event(s) that would put many ordinary civilians into crippling debt. I call it: managing micro-transactions.

Sun Tzu (shitstain) once said that the leadership of many is the same as leadership of a few; it is only a matter of organisation. Believe it or not, the management of micro-transactions can make the difference between having a safety net to fall back on or hanging yourself with your neighbour’s extension cord that you had to “borrow” due to financial depression. Saving a small sum on hundreds of small transactions can be much more effective than saving on big ones; the key point is to live within your means. I’m not here to tell you about how to manage your fixed costs, but to educate you wretched shits by how you can save over the long term by breakdown down your variable costs. Let me give you a few examples:

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