Frugal Fridays: The Savings Game

Posted on January 31, 2014 by kmichaud87

Two weeks ago I wrote my first Frugal Friday post on my overall 2014 financial goals. In my 2014 goals post I outlined that I have some big financial goals for the year with the main one to become more financially stable.

The past couple of years have been a bit of a struggle at times. I mainly lived paycheck-to-paycheck. I’m not horrible with money, but I know that I could make improvements in my life so that I’m not totally stressed out over the issue. I’m lucky that I’m not like the average American.

The average American household debt is:

$15,270 in credit card debt
$149,925 in mortgage debt
$32, 258 in student loan debt

Source: (http://www.nerdwallet.com/blog/credit-card-data/average-credit-card-debt-household/)

I have no credit card debt. I only use my card if I can pay in full each month or for big purchases, like my computer for grad school a few years ago, where I used a 12-month no interest card to break the cost into monthly payments. I currently have about $35,000 in student loans (both undergrad and grad) and, of course, no mortgage at this point in my life. One of my long-term goals is to get out of debt as fast as possible!

Updates since the last post two weeks ago:

My car passed its inspection with only $400 of repairs and should (cross fingers and pray) last through December, which is my targeted new car purchase date
One of my goals was to pay off a $1500 student loan (originally $5000 loan) in 2014. I paid for about 95% of my own education (both undergrad and grad) through scholarships, grants, and loans. My parents couldn’t afford to pitch in much, but every once in a while my father will put some money towards my student loans. He decided to give me a late Christmas present and paid my $1500 loan! One goal accomplished and that now frees up an extra $50 a month! 🙂
For the most part I stayed on my budget for the month of January, except for the car repairs since I didn’t realize my inspection ran out in December. Opps!

This past week at my Junior League meeting we had a financial advisor come speak to us about financial wellness. The woman was hysterical and I think she missed her calling as a stand-up comedian. I’d been waiting all year for this meeting because of the topic, but honestly wasn’t expecting to learn anything new. My father enjoys drilling financial stuff into my head and I read a lot of the topic through books and personal finance blogs (my new favorite topic to read about! Let me know if you know any good blogs out there!).

Not only did I love this woman because she made such a dry and scary topic funny, but I also really liked her message. Money is a very sensitive topic for just about everyone. It makes me nervous and at first I was very reluctant to talk about it here on my blog. However, I think as humans, especially women, we need to be more open about the topic so we can educate ourselves and learn ways to take control of it and manage it in our daily lives. The advisor’s message was that money should be viewed as a tool. Money doesn’t define us, but we should use it as a tool and invest in what makes us happy. Obvious, we need to be smart with it. However, we shouldn’t judge people who spend more money on food vs. travel. We all have our own priorities in life.

Her biggest message to us is to pay yourself first. I absolutely agree with her. Investing in your future is important. When I first started my first “big girl” job in 2010, my company didn’t have any retirement plan options because it was so small. During my second year the company began a 401(k) plan. They offered no company match, but I put in 8% of my paycheck each pay period. With my new job I have a 403(b) with company match. With company match and my own contributions I put 12% of my income into my plan each month. I’m young and I have time, but I want to ensure that I have a good solid retirement plan for the future because I can’t predict what the future will unravel. What will my retirement age be? Will I get Social Security? And, if I do, when? Will I have expensive health problems? Financial planning experts suggest that one should put between 10-15% of their yearly gross pay into a retirement plan.

As I mentioned in my last post, I use Mint.com for my budgeting, which I absolutely love. It’s 100% free and you can even download the app on your smart phone to keep track on-the-go. I also recently discovered ReadyForZero, which focuses on keeping track of your debt. There is a free version and a paid version. I use the free version. You can link all your loans and banking accounts to the site and keep track of your debt. You can also use various calculators to figure out when you can pay off your debt if you paid x amount each month.

I currently have a checking account and two savings accounts at my local credit union. I have several big purchase goals this year: a new car, emergency fund, and travel. I use my checking account for bills and everyday expenses. One savings account is for travel and the second as my general savings account. Last week I began researching high interest rate savings accounts. Interest rates still suck in the United States, but I found a good one with Barclays. Yesterday I opened a “Dream Account” with them at an interest rate of 0.95% APY. There are other perks as well, such as additional bonus interest rate percentage if you don’t make any withdrawals in a specific time frame. Originally my plan was to use this as my E-fund, but then I decided to use it as my new car fund.

During the month of February I hope to come under budget so I can put more into my savings accounts. What ways do you saving? What tools do you use to manage your budgets and accounts?

~ Happy Training (and Saving)!

Disclaimer: I have no affiliation with any of the websites and/or banks mentioned above. I only discuss them because I personally use them and find them helpful. I was not compensated in any way. All my opinions are my own.

Lessons from Mandela: A Life of Love, Giving, and Triumph

Posted on December 9, 2013 by kmichaud87

On Thursday December 5th the world lost a great leader and peace activist – Nelson Mandela. Mandela was born as Rolihlahla (translates to “troublemaker” in English) on July 18, 1918 in the small village of Mvezo in South Africa. Mandela’s paternal great-grandfather was local royalty, but his family was ineligible to obtain the throne. Mandela attended a Methodist school as a child where his teacher named him “Nelson.” Mandela studied law at the University of Witwatersrand where he became involved in politics while living in Johannesburg. He became the founding member of the ANC’s Youth League. Over the years Mandela ascended to high-ranking politic roles and while working as a lawyer, he was repeatedly arrested for seditious activities.

In 1961 he cofounded the militant Umkhonto we Sizwe. In association with the South African Communist Party he help lead a sabotage campaign against the apartheid government, which led to his sentence to life in prison. Mandela served 27 years in prison. He was released in 1990. Mandela became the first black South African President in 1994. He formed the Government of National Unity in attempt to defuse racial tension in the country. During his Presidency he focused on land reform, combating poverty and expansion of healthcare services. Mandela unsuccessfully ran for a second term. He became an elder statesman and focused on charitable work to end extreme poverty and combat HIV/AIDS through his Nelson Mandela Foundation. Mandela was awarded the Nobel Peace Prize in 1993. Mandela is often referred to as “Madiba” and as “the father of the nation.”

I don’t often talk about my real job and interests on this blog because frankly, most of you would probably be bored out of your mind. I have a Master’s degree in Public Health and currently work in healthcare technology and policy, which I absolutely love. However, my real passion and interest lies in international healthcare development. In the next few years, after getting my feet underneath me (and paying back SallieMae), I plan to go back to school to each my PhD so I can work in the field of international public health.

Nelson Mandela is one of the people that inspired me to follow my dreams and make a difference in the world. Unfortunately to many people today about the world, especially within the United States, we are extremely materialistic. We have to have the latest technology, clothes, etc. We take for granted the house over our heads, the water that comes out of our taps, and the food we put on our tables. Billions of people (including millions within the US) do not have many of the luxuries that we have been afforded by just being born within a developed country. As we go into the holiday season we spend our times fighting the crowds to get the best deals on the latest toys and technology for ourselves and our families.

Of course, I’m guilty in this too. No one is perfect. However, as I get older I realize that money can’t buy you happiness. Happiness must come from within. I find happiness in giving back to my community and making a difference in someone’s life. We, as human beings living on planet Earth, can learn many lessons from Mandela. He may be a controversial figure, but I think we can all agree that he was a great humanitarian activist giving a voice to the billions of people around the world that live on less than a dollar-a-day, lack access to basic human rights such as water, access to life saving medical care, and the ability to put clothes on their back, food on the table, and a roof over their heads.

This holiday season (and the other 365 days a year) consider doing the following in your community:

Donating or volunteering at your local food pantry or soup kitchen
Donating blood to your local Red Cross
Donating winter jackets, hats, mittens, etc. to homeless shelters and organizations collecting them
Donating money or volunteering to your local United Way
Volunteering at a Nursing Home and spending time with the elderly
Shoveling your neighbors driveway or sidewalk

Consider donating to:

A local food bank or charity
Water.org, where you can give water for life to a family without access to clean water
Provide a cow, goat, rabbits, etc. to a family to help bring them out of poverty through the Heifer International Fund
Partners in Health, an amazing organization cofounded by Paul Farmer to bring healthcare to communities in developing countries that need it the most
A favorite charity of your choice

No matter what you do this holiday season, remember the real meaning of the holidays. In the words of Albert Einstein, “I believe in one thing – that only a life lived for others is a life worth living.”

~ Happy Training!

Travel Throwback Thursday: My Summer in Bar Harbor

Posted on November 21, 2013 by kmichaud87

During the summer of 2007 I had the opportunity of a lifetime… I was accepted into the very prestigious summer student research program at The Jackson Laboratory. The Jackson Laboratory, or Jax for short, is the top mammalian genetics lab in the world where cutting-edge research takes place daily. Every summer a select group of students from across the country live at HighSeas, a laboratory owned mansion on the ocean, and work with some of the top cancer, obesity, etc. researchers in the world.

Bar Harbor is a small, tourist town located on Mount Desert Island about 3 hours north of Portland. Mount Desert Island is home to Acadia National Park, the oldest park east of the Mississippi. The Island offers a wide range of activities from art galleries, the beach, to many mountains to hike. It’s a great place to be during the summer months.

I spent my days that summer conducting ovarian cancer research in mice. I spent my nights and weekends exploring the Island and town with my fellow students. Of course, me being a native Mainer, I had the pleasure of introducing my out-of-state friends “the way life should be.” Items included blueberry ice cream, lobster (and lobster ice cream), and red hot dogs.

Below are some of my favorites memories of the summer. Not only did I have a summer of a lifetime, but I made some really good friends. 🙂

The coastline is absolutely stunning (and some of the summer homes are just as amazing)!

Part of the lab

I did lots of hiking that summer on the various mountains.

Sunset from Cadillac Mountain, which is the highest mountain within 25 miles of the shoreline in North America

Part of the Summer Student Program is cooking on the weekend (we had a cook during the week, tough life I know). I loved the American flag apron!

We spent time at Sand Beach

Each summer the Summer Students participate in the 4th of July Parade… this year we were Astronaut Mice (Jax is known for its mice)

I was a tree hugging Astronaut Mouse

One of the best ways to explore the Island is via scooters. You can rent them in town and it is so worth it!

Bar Harbor is a great place to visit. Summer is the busy season and the town pretty much shuts down during the winter. I’ve visited during the Fall months too and Island is just as beautiful as the summer (just fewer people!). I highly recommend a visit to Mount Desert Island if you ever find yourself in Maine. And try the lobster ice cream while you’re there! 🙂

~ Happy Training!

Travel Throwback Thursday: Montana

Posted on November 7, 2013 by kmichaud87

Montana is my favorite place for multiple reasons. The first being the people. You can’t beat the Montanans. They are absolutely some of the nicest people on the planet. The second is the environment. The state is stunning! You have the Rockies in the West, Yellowstone to the South-east, and the prairies as far as the eye can see. Montana is an outdoorsmen’s dream. You can spend the summers hiking in the mountains, rock climbing the local crags, or floating the Madison River. In the winter you can ice climb, ski, or just enjoy one of the many local microbrews by the fire!

During the summer of 2008 I had the opportunity to spend the summer conducting biomedical research at Montana State University in Bozeman. It is by far one of my favorite summers to date. Not only did I fall in love with the town, but I made some of my best friends there that I still stay in touch with today. I have also gone back to Montana multiple times to visit. Someday I would love to make a permanent move there, but I know that won’t happen any time soon. But a girl can dream!

Montana is known as “Big Sky Country,” which if you are good at putting two and two together… is what I named my coaching company after! You can read a little more about that here…

Now, for all the pictures you all really want to see!

Ferry Lake in the Bridger Mountains

The Grand Canyon of Yellowstone National Park

Seeing your first bison is super cool, but after being stuck in a 3-hour traffic jam in Yellowstone because the herd enjoys hanging out in the road is not so cool…

Rock climbing in Gallatin Valley!

The view from Big Sky during the winter

At the Black Foot Reservation on the way to Alberta, Canada

Fishing and no I didn’t catch anything…

More rock climbing in Gallatin Valley

On one of the many nights I enjoyed a good beer downtown Bozeman… I met a new friend 🙂

Hiking in Gallatin Forest (in the rain) with some of my labmates

Have you been to Montana? I highly recommend visiting at least once in your life. The people, the food, the beer, and the views are incredible year-round. And if you ever need a tour guide, let me know! 🙂

~ Happy Training!

Girl Rising and Why We Should Educate Girls

Posted on October 15, 2013 by kmichaud87

Source

On December 19, 2011 the United Nations General Assembly declared October 11th as the International Day of the Girl. The Day of the Girl recognizes girls’ rights and the unique challenges girls face across the globe. The number one initiative of the UN is to encourage education of girls in every country, especially developing nations where most girls don’t make it past primary school if they are even allowed to go to school in the first place.

Last Friday night I was invited to attend the free showing of Girl Rising at the State Theater in Portland. Girl Rising is a film chronicling the inspiring stories of nine girls around the world who are seeking education to escape poverty, indentured slavery, and childhood marriage to create a better life for themselves, their families, and their future. The film is narrated by a world-class group of actors and actresses including Anne Harthaway, Kerry Washington, and Liam Nelson among others.

The film sends a powerful and truthful message that educating girls across the world will change the world. Around the world, girls face many more barriers than boys.

There are over 33 million fewer girls than boys in primary school across the globe
If India enrolled only 1% more girls in secondary school, its GDP would rise by $5.5 billion
A girl with an extra year of education can earn up to 20% more as an adult
14 million girls under the age of 18 will be married this year. That is equivalent to 13 girls every 30 seconds.
The number one cause of death for girls age 15-18 is childbirth.

For more facts see: Girl Rising

I’ve always been a very strong proponent of education, especially education for girls. As a public health professional I understand the need for education on a global scale to reduce disease and increase health and longevity. Education can bring countries out of poverty and decrease the birth rate in countries where the population is exploding. Educating girls can reduce the HIV/AIDS rates in countries where 1 in 4 people are HIV-positive. Unfortunately, some countries such as Afghanistan, see educating girls as threatening. With education comes power. The power to change the world.

I attended an all-girls high school in Portland by choice. By 8th grade I was done with my public school system. I was bored and wasn’t being challenged. My parents said I could go to McAuley. It was by far the best decision I have made thus far in my life. Not only were the academics rigorous, but I learned a lot about myself and learned to believe in my potential. We were taught that the sky is the limit and we are the makers of our own futures. Recently, a good friend of mine from high school shared a quote from Kerry Washington on Facebook. I have a total girl-crush on Kerry Washington and absolutely loved her quote because it is so true!

I was really lucky because I went to an all-girl school and that single sex education really helped me because I really learned to bond with women and to not compete with or compare myself as much because we were all allowed to be ourselves and be unique and kind of have our unique strengths. But I always felt like my value was much more in my intellect than it was in my appearance, and so that’s what I spent time cultivating. And some of that I get from my mother, some of that comes from the schools that I went to, and some of that comes from probably insecurity. This feeling that my value is what’s on the inside, because what’s on the outside can’t really compete with other people, so I’ll place my focus there. Which I think has been a blessing for me. Because I’m not stupid. ~ Kerry Washington

I believe in girl’s education and so should you. Educating girls can change the world for the better. I HIGHLY suggest seeing Girl Rising and/or getting involved in the movement.

~ Happy Training!

I Lost my Mojo…

Posted on July 12, 2013 by kmichaud87

With less than 30 days until Ironman Lake Placid, I managed to lose my mojo…

No bueno. As of today, Ironman Lake Placid is 16 days away. Holy shit! (commence anxiety attack)

Build was going good. Week one was solid. Week two was good. Then week three was the holiday week. It was a good week, but it was rather lackluster compared to what it should have been.

I spent most of the week at my best friend’s camp on Little Ossipee Lake, which is really one of the highlights of my year. Fourth of July is my favorite holiday. Okay, maybe it’s tied for Thanksgiving. I love me some turkey! 🙂

Last Monday night I did 4400 yards in the pool and it went really freaking well. I swam partly with a couple local swim team girls that definitely kept me working and then partly on my own. I haven’t swam that many yards in one sitting since high school and I was pleased how well it went.

Tuesday night was spent at camp. I got in a short 3 mile jaunt before it was booze cruise time. We took a quick cruise around the lake then J’s mom decided she was going to drive the boat until to boys and J’s sister arrived. And, by driving I mean it was more or less gunning the boat and circling around. I was definitely hanging onto my beer with white knuckles! Once everyone arrived it was back to the normal booze cruise speed and the rest of the night was history… and I ended up staying up way past my bedtime!

A borrowed picture of one of my favorite places!

Wednesday I got up early to swim before all the boat came out of their boathouses. Somehow my wetsuit has gone missing so I had to swim sans wetsuit. I didn’t swim very long, but enough to get comfortable in open water again. Later that morning I got a call from a woman I had interviewed in early June for a position that I really really wanted. I didn’t get the job. I was second choice, which is bittersweet. She gave me some great feedback and said that she believes that I will go far in the public health field, but I just need more experience. No shit. That’s my problem, trying to find a job to get said experience. That news definitely set the tone for the day for me and really the week.

I got a good pep talk from the girls and tried putting the bad news aside and focused on having some fun. I managed to get out on my bike for an easy 20+ mile ride and then ran home to grab my dog to bring her to the lake. Reagan LOVES to swim. Plus, she makes me feel better. Except when she decides that she needs to sleep with me on the tiny little cot I had! At least this year I didn’t have to carry her down the stairs like the previous years. My dog has some sort of irrational fear of wooden stairs and refuses to go down them unless I carry her. A 50 pound hairball gets quite heavy at times. I can’t judge her too much though, I have an irrational fear of bologna…. don’t ask…

Some of my favorite girls!

Thursday. Happy 4th of July! It was a perfect day. Sunny and hot (unlike most of the Maine summer weather thus far). I got up early and headed out for my long run. I attempted to run around the lake, which I estimated would be about 10 miles. However, I’m a bit directionally challenged and got lost. The first 90 minutes went well. Knee was holding up well and I was content with my slow ass pace. I got honked at by some creeping old man. Awesome. The rest of the morning was spent drinking mimosas by the lake until everyone rolled in. Lots of adult beverages were consumed along with lots of food that I probably shouldn’t have eaten. Oh well. So worth it.

I ended up missing a couple of key workouts. However, at the end of the day I don’t think it’s going to matter too much. The real work as been done. Ironman athletes are truly made in the winter. All those long boring miles on the trainer and treadmill build the endurance you need for race day. My training has not gone as planned. Many people have asked me about my estimated finishing time. When I first started training back in January I had an idea of what time I wanted to finish by. However, with all the roadblocks I have hit over the course of the past 7 months, I just want to finish (preferably in one piece).

Oh yea, I rode my bike 109 miles on Sunday… The turn around point of my ride

This week is going much better training wise. I’m back on the ball. Mentally I’m in a much better place too. Now that I’ve had a week to digest the fact that I didn’t get the job I really wanted, I’m beginning to think about what’s next. I started to put a plan in place and I definitely feeling good about it. The mojo is coming back! Time to get this Ironman thing done with! 🙂

~ Happy Training!

Veteran’s Day: Freedom Isn’t Free

Posted on November 12, 2012 by kmichaud87

Yesterday was officially Veteran’s Day in the United States, although most workplaces are observing it today. It is a day to celebrate and remember the brave men and women who have served the great country of the United States over the years. I don’t often like to talk politics in my blog or on Facebook. However, I will say that I am not pleased with the overall election outcome and the direction our country is heading. However, I THANK every single serviceman for protecting our freedom of choice and the ability to vote.

I come from a family that strongly values the service of our brave men and women in uniform. Both my grandfathers served during WWII. I had several uncles that served during Vietnam and cousins that served in the Navy during the 90s. I have also met countless men and women who have served in Iraq and Afghanistan in recent years. Personally, I believe there is no greater honor than to serve our country.

My Pepere (we’re French-Canadian) served in the Army during WWII. He served in the 4th Infantry Division and landed on Utah Beach during the Normandy Invasion. From Normandy his infantry moved north to help the French liberate Paris from German troops. From September through November, the 4th Infantry made a slow journey through Belgium to Germany. On November 6th the 4th Infantry entered the longest battle on German grounds during WWII, the Battle of Hurtgen Forest. The Battle of Hurtgen Forest brought death, injury, and captivity to more than 250,000 soldiers from both sides. It was during the Battle of Hurtgen Forest that my Pepere was shot by the Germans and later had his leg amputated. He received the Purple Heart.

My Grampy on the other hand served in the Navy during WWII. He was a Gunner’s Mate 2/c USNR on the LST 314 when it was torpedoed in the English Channel three days after D-Day during the invasion of Normandy. From what I’ve been told (my Grampy didn’t like talking about his Navy years much) he had switched duty with a fellow shipmate and was on deck during the torpedo attack and that was the reason he survived while a majority of his shipmates were killed in action. He received the Purple Heart and has a Presidential Citation. While in action he contracted Meningitis and was hospitalized in England. As I have been told, he was one of the last people in the war to be treated with a Sulfa drug. Penicillin began being widely used towards the end of the war. I was also told that when he was discharged from the Navy after the war he was given a sack of potatoes and had to find his own way home to Maine.

LST-314 unloading British troops in Italy

Both my Grandfathers died when I was too young to hear their stories and really cherish and appreciate their service to the United States and protecting our freedoms. Unfortunately too many Americans forget the sacrifices our brave men and women make on a daily basis. During Operation Iraqi Freedom, the men and women of the United State’s National Guard had to take leave of absences from their jobs, missed birthdays and graduations of their children, and many were deployed on multiple occasions. Some of them came home to lost jobs and homes due to a failing economy. Some came home with missing limbs, organs and lost brothers and sisters in combat. Many deal with the aftermath of being in a combat zone suffering from TBI and PTSD.

Today I am sending you two messages:

1. Support our troops. The War is officially over and I don’t care if you ever agreed with the War or not, but I’m asking you to support the men and women who are still deployed overseas and those who served in the past to protect our freedoms at home. Remember those who did not make it home to their families. They made the ultimate sacrifice. From all the wars that the US has been involved in over the years, over 1.3 million men and women have made the ultimate sacrifice in fighting for our freedoms. Another 1.5 million have been injured and over 38,000 are still missing. Take a moment and remember those brave men and women and thank them. They have given up a lot for us to do what we do on a daily basis.

2. Spend time listening to the stories of our elders. Depending upon your age, there is a good chance your grandparents or parents served in the arm forces during WWII or stepped up to work in a factory while the men were serving overseas. This generation of men and women were dubbed by Tom Brokaw as “The Greatest Generation” and I wholeheartedly agree with Brokaw. These men and women grew up during the Great Depression and then went on the fight during WWII or provided their hands to produce materials for the war effort on the home front. I have heard people complain about not being able to afford rent or to pay back their student loans because they don’t have a high paying job, but yet they have a smartphone and a big screen HD tv. I tend to avoid Walmart because I get sicken by being in line behind a young mother playing Angry Birds on her Iphone while paying for “food” with her FoodStamps. People claim to suffer during this recession, but half of them don’t know what it is like to try to feed a family of 8 children and two parents with a couple of loaves of bread and milk like many of our great-grandparents and grandparents had to during the Great Depression. I am lucky that I am not suffering. I have a roof over my head, clothes on my back, a job, food in my stomach, and an education. I thank my grandparents and my parents for teaching me that you have to believe in and work for what you have. Nothing is handed to you. People often forget that history repeats itself. Listen to your grandparents’ and parents’ stories. Not only will you learn about history from a first hand perspective, but you can also learn some important life lessons.

So, with that being said. Thank a veteran today. You are here because they put their lives in dangers way to bring you freedom. Thanks to their brave and heroic efforts over the centuries we have the right of choice and the ability to life our lives as we see fit. Go out and live a life of meaning. Many men and women don’t have that opportunity because they gave their life for your freedom.

THANK YOU TO ALL OUR BRAVE MEN AND WOMEN OVER THE YEARS WHO HAVE FOUGHT FOR OUR FREEDOM IN AMERICA. GOD BLESS YOU.