Thursday, October 23, 2008



This past week has been a swirl of list-making, planning, scheming and dealing with all sorts of practical minutiae that come with my new status as a “soon-to-be unemployed attorney.” With every errand done and call made, a whole new life is taking shape, one that I have been seeking, in one way or another, all of my adult life.

One of the first things I did this week is come up with a draft budget that I am hoping to put in place once the Plan is finalized. For the Excel nuts out there, you can view it here.

As you review this budget keep this in mind: apart from generally trying to not buy big-ticket items, I have little to no sense of how to truly economize. I feel a little like Bush senior when he didn’t know the price of milk in the 1992 election. The fact is that when you work the hours I do you hardly have the time to really notice the price of things you buy. Your instinct is to go into a store and get what you need as quickly as possible, put it on a credit card, and not worry about it. Ahh, the insanity of yuppiedom...


The truth is that I have been living in la la land for years and only now am I getting a taste of real life. I’m going to need some time to adjust and figure out how to get my bearings. So, please be kind. It’s not easy being a recovering yuppie:

[Cue the basement of the local community center]

Jack: “Hi. I’m Jack. I’m a Yuppie.”

Group: “HELLO JACK!”



As for the budget itself, here are some observations:

*Two areas that I think I can work on right off the bat are Personal Spending and Groceries. The former, I am certain I can get down to the $300 and even the $200 range. I definitely hit a couple of bars every week with some of my buddies, but that’s not all that expensive. The amount of the latter is just a placeholder. I just don’t have any idea what I will need to spend until I start to take stock of what I buy every month.

*Miscellaneous is a catch-all category. I’ll probably expand this as I work on this budget going forward.


I am SO excited about some of things that I have planned for the next couple of weeks. One thing in particular makes me smile whenever I think about it. Stay tuned.

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