Sunday, December 29, 2013

Money Management Skills for the New Year

I should have started saving for retirement at age 13. If I want to retire at 65 at $75,000 a year and live for 30 years after that, I will need to start saving $10K a year now. Looks like I might need to make some adjustments.

You can do your own retirement calculation (Principal = Interest x Rate x Time) or use a handy calculator like this. Hopefully your employer will match your 401K contributions or invest in a highly profitable mutual find. Or maybe you'll win the lottery. The point is not to sound hopeless; the point is to get you to start saving now.

Turns out I'm the worst at money management. I rarely create budgets, and I love to shop. However, if I were good at these things, here is what I would do:

1. Create weekly and monthly budgets and stick to them. Don't buy anything you haven't budgeted for. As you get more practice at creating budgets, you'll get better at predicting how much you'll realistically spend in certain areas. For example, as much as you want to only spend $80/month on groceries, you'll probably spend more.

2. As you make purchases, immediately record each transaction on a ledger of some sort. This will make spending more painful, which is the point. This will also ensure that your checking account balance never dips below zero.

3. Resolve to give up one thing you spend money on that you absolutely don't need. I've learned that I can't do these things in moderation, it has to be all or nothing. So I am giving up all vending machine/convenience store trips for snacks during school or work. I have to prepare ahead and buy snacks at the grocery store if I want them. This will save me $520 in 2014.

4. If you find something you absolutely want (THOSE JEANS) which you haven't budgeted for, wait two weeks to buy it. If you still dream about it after two weeks, see if it can fit in your budget. Four times out of five you will have forgotten about it by then.

5. Make saving a game. If you're able to save a certain amount by a certain time, reward yo'self.

6. Don't buy stuff you can't afford.

These are things you probably already know, but I always need reminders. All my best for your new goals/new self in the New Year.

Lyndsi








Sunday, December 15, 2013

Time Management Tips for a Productive Life


Time is a priceless commodity. It is one of the greatest gifts we have been given in this life, our probationary state here on earth. Yet, the older we get, the more we will find ourselves without disposable time. Every once in awhile I feel prompted to pray for help preparing for marriage. The last time I did that, I felt very distinctly that this wasn't about becoming a better seamstress or casserole maker, but about becoming more self-reliant. I specifically felt like I needed to become a better manager of my money (which I'll discuss in the next post) and my time. I am actually a bit of a non-punctual procrastinator, but here are a few tips I've learned recently as I've tried to become a better manager of time.

1. Always give yourself more time than you think you need. If I were to have a superpower, I think it would be excellent to know exactly how long something will take me to complete. A general rule of thumb I can share from experience is that if you have a specific project or assignment to complete that you have never done before, consider how long you think it will take you and then double that time. For example, I had to invoice all customers the other day at work. I thought I would be finished in two hours since it just involved creating some invoices and sending them by email, but it ended up taking me four hours, even though I worked quickly. Create your own rule of thumb for time management--try timing tasks that you do often and compare your results to your hypotheses. Then, as you schedule your days, you can block out a sufficient amount of time to get it done.

Another part of this is the ability to arrive at appointments on time. Always plan to be 10-15 minutes early. You won't offend anyone by actually being that early, and if a hiccup occurs in your travel plans, you might just be right on time. If you just plan to be on time to something, the only options you are giving yourself is to be on time or to be late.

2. Make your sleep productive. This includes utilizing natural daylight hours, maximizing sleep time before midnight, getting plenty of light in the morning, and turning off electronics and bright lights long before you go to bed. I think that's all I need to say there.

3. Don't waste your time. We all have lazy moments where all we want to do is watch TV, check Facebook, or sleep too long. Although things like these are okay once in awhile, they can eat up lots of time if not used sparingly. My new rule for myself is that whenever I'm feeling like doing something lazy, I do a small productive task first. Usually, once I get going on something productive, I remember all of the other great things I can be doing instead of the lazy thing I originally wanted. For example, the other night I came home with some extra time and wanted to watch my favorite TV show. Before I did that, I decided to read a chapter of the book I'm working on. The book gave me enough energy to then do the dishes and send some emails. I felt great after accomplishing some good things.

Something I've wrestled with quite a bit in life in terms of my testimony is the idea of the 1%. What are the odds that I would be part of the less than 1% of those given the true church of Jesus Christ? Statistically it doesn't make sense. However, as I have prayed for understanding, I have felt that I shouldn't worry so much about my privilege as I should my responsibility. Those who are given the gospel are called to be leaders in this world to do good and share it with others. I have felt strongly that as a leader, I have no business wasting the time I've been given on this earth. There is more good to be done than I will have enough time for, and Lucifer, our arch enemy will always tempt me to waste that time. What is one thing you can change today about how you use your time?

Additional Resources:

http://www.entrepreneur.com/article/219553#
http://www.mayoclinic.com/health/time-management/WL00048
http://www.lifehack.org/articles/lifehack/20-quick-tips-for-better-time-management.html

We'd love your comments and additional suggestions for effective time management!

Friday, October 25, 2013

'Tis the Season...for Depression

Dear Friend,

This may come as a shock, but bubbly Lyndsi Pace has struggled with depression for all of her adult life and likely her teenage life, too. I think we're pretty good at hiding these things. In fact, 1 in 10 adults report having major depressive disorder each year, and that doesn't even begin to count those with anxiety, or those who experience a little change in mood each November called Seasonal Affective Disorder. Although genetics, vitamin D deficiencies, and other factors play a part in causing it, we don't really know why people suffer to this degree. However, we know for sure that those who suffer from some sort of anxiety or depression aren't usually bringing it upon themselves, and this illness is like any other illness that needs treatment (think cancer, for example). Good news is that there are some things we can do to ease the symptoms, and I can report that after many years of trial and error, I now function at an extraordinarily high level.

Those suffering from symptoms of depression will often hear from others that they just need to pray more or serve others more, or something else. I call these things drops in the bucket. The problem with many people, though, is that there are holes in the bucket that need to be patched before those drops will stay. Sometimes the holes need more intense treatment and medical attention before things that generally help other people actually help them. Here are some ideas for patching those holes:

1. I probably had about five therapists I saw who were not helpful. They would ask me why I was feeling bad without offering any helpful solutions, making me focus on the negativity and therefore feeling worse.* However, it was worth seeing these five therapists, if only to see the one therapist who actually was helpful. He didn't focus so much on what was wrong with my life (because let's face it, my life circumstances were perfectly fine), but he introduced me to the book Feeling Good and the 10 cognitive distortions. He explained that every time I felt bad, it was coming from a bad thought, and usually that thought contained some sort of fallacy or distortion in thinking. I had to do homework for him: every time I felt bad, I had to write down what I was thinking. I then had to identify and write down which cognitive distortion I was experiencing whether it was over-generalization or jumping to conclusions or something else. Finally, I had to modify the thought to reflect the truth about my circumstances and write that down. I felt better 9 times of out 10 when I did that exercise. The key for the first few years was actually writing it down, so that I was sure to go through the entire process, but now I can just do this in my head and it works just as well.

2. I'm pretty bad at general journaling, but I have been consistent about keeping a gratitude journal and oh my goodness that has been a life saver. Every night (well, maybe half the nights), I write down 3 things that went well in my day or that I'm grateful for in general. I also give myself a bonus item: one thing I did to help someone else. I attest at least 75% of my general happiness and well-being to this simple exercise (I have to remind myself every night that it only takes 5 minutes, and it does). Recognizing the beautiful around you in general is helpful. My doctor friend Madelon told me recently that she tell patients with depression to take one picture a day. Love it.

3. Remember that changing the way you treat your body may really help. I can't say enough good about a healthy diet, daily aerobic exercise, and lots of sleep. I shoot for 9 hours a night and I feel lucky to have a career that often makes that possible. Natural remedies can be marginally helpful as well. I like to use lavender and orange aromatherapy. I also use full-spectrum light bulbs, especially in the winter.

4. Recognize that many of our go-tos on a bad day are not actually helpful, but often make us feel worse. This includes ice cream, TV, clothes shopping, etc. This is not to say that these things shouldn't be enjoyed in life, but just that they may distract for a minute without solving the problem at all. On particularly bad days, I've learned to pray first and often I feel better enough that I can do something more productive with my time that makes me feel even better. Something I've been understanding very recently is that the world needs me for so many things, and I cheat the world when I waste my time. This absolutely goes for you, too.

5. With that in mind, those with depression should recognize that they may not always be able to feel the love of God for whatever reason, but it's always there. At the darkest point of my life, I went for probably 6 months without feeling that love really at all, even though I was doing everything I should have to receive it. However, once things got better, I was able to look back and see that He was still with me during that time and guiding my life to get the help I needed. I have never heard anyone else express this phenomenon until last month LDS President Thomas Monson gave a speech about it to women.

6. Realize that others will not always say helpful things (like "just fake it til you make it" or "snap out of it"...we should probably kill those people), but many people have been placed specifically in your path to help you. When I first started experiencing depression, I pleaded with God to know why this was necessary. I then received one of the clearest answers to prayer I've ever had: I needed to experience depression so that I could then have empathy for and help others. You better believe I've had many opportunities to do so. Some of the greatest things others have done to help me was to distract me. I'll never forget that on a rough day, my mom stopped what she was doing and played a board game with me. I feel like that was the greatest thing anyone ever did for me. Also, I remember talking to my brother who had depression before me and he told me that when he felt bad, he would eat chocolate and sing out loud. I tried it. So great.

7. Recognize that you will not be perfect about everything and that's okay because no one is. Depression will make it particularly hard to be your best self. I once threw a chair because I was so angry at someone (not at her, but, you know). That's cool. We're all a little crazy. All is forgiven now. Also, research has found that some of the happiest countries in the world like Denmark are that way because they have low expectations for life. They get up in the morning and understand that their day will have lots of bad and a little good, and then that happens and it's fine. I respect that so much.

8. Please keep in mind that many of these remedies would not be super helpful to me without some good old fashioned modern medicine. This has been one of the biggest holes patched in my bucket. It took me probably 3 years to admit I needed medication and another 9 months to find one that worked for me (plus there are real side effects), but I'm so grateful to have it. There have been probably 10 different times where I stopped taking it because I hated the fact that I was on medication, but then I would inevitably have a humongous breakdown every time and pretty much stop functioning. My ever-supportive parents have reminded me each time that even if I have to take medication the rest of my life, that's completely fine. I'm pretty sure people with kidney disease don't go off dialysis because they hate it. And maybe one day, through the help of a doctor, I won't have to take it anymore.

Anyway, there is a chance that none of this will help you, and that's fine. Maybe you have some other suggestions for combating depression. I'd love to hear them. Either way, please remember that I'm an open book and that I would be happy to discuss or distract at any point.

My Best,

Lyndsi



*This statement discounts those who have real issues that do need addressing, like a history of abuse. That is another beast altogether.

Sunday, April 28, 2013

What is Non-Perishable Food?

If you thought that non-perishable food means that the food never perishes (like the name implies), turns out you're wrong. Non-perishable food still has an expiration date printed on the package, it's just a much further out one than most of the food in your fridge and cupboard. For example, well-packaged grains like pasta and granola bars will last about a year, while many canned goods last around 2 years. 

Well, that's lame. Turns out you can't just buy a month's supply of food and leave it in your cupboards for decades. This is where rotation comes into play. (Cue music: the parody song I write someday to Fiddler on the Roof's "Tradition", titled "Rotation" #getexcited.) So don't go buying things you'll never eat for food storage because that is exactly what will happen--you'll never eat it and have to throw it away. However, if you purchase and keep food storage that is part of your normal diet, you can eat and replace it once it gets ready to expire in a year or two. This will require a bit of organization and planning, but we're big kids and we can handle it. 

Here are some other helpful hints about food storage:
  • Don't eat food from cans that are dented, swollen, or corroded, even if it looks fine. When in doubt, throw it out!
  • Keep room-temperature grains like oatmeal, pasta, and cereal in TWO gallon-sized Ziploc bags. This especially helps during the September-October moth season in Boston. 
  • Avoid salty items in your food storage. High-sodium soups, saltine crackers, and beef jerky will require you to have some extra water on hand. If there is a water storage, you will thank yourself.
Question: which food storage items are your favorites and why?

Saturday, April 13, 2013

Get Your Start on Food Storage

I'm sure we all have some amazing moms, aunts, and grandmothers out there with a wheat grinder and a basement full of food storage. It seems like these women (and men, too!) will singlehandedly feed the world during the second coming. However, food goes pretty fast. We all need to be prepared for disaster, unemployment, and a myriad of problems the prophets have foreseen. However, we don't have to take out extra student loans to do it. 

Make a goal now to buy an item or two of food storage every time you visit the store. Check the grocery ads for sales and deals (like 10 for $10). Case lot sales are a new best friend! After a few months, you will have built a nice little nest egg of food to get you through the tough times that inevitably will come. 

Even if you think you'll be moving around once or twice in the next few years (let's face it, who isn't?), you can still have a weeks supply of food for yourself and keep it in a few portable boxes. Even if you just have some granola bars and cans of beans, that'll get you through that week when cash is tight for groceries. Anyway, we are promised that if we make efforts to keep a commandment from the Lord, He will bless us with a testimony and understanding of that principle (John 7:17).

Here are some basic food storage items and their average, non-industrial sized prices. Don't forget to include all of the food groups.

Canned Tuna: $1.50
Canned Corn: $2.00
Potato Flakes/Pearls (add water): $3.50
A Box of 12 Chewy Granola Bars: $3.50
Canned Peaches: $2.00
Evaporated Milk: $3.00
Hot Chocolate: $4.00
Applesauce: $3.50
Beef Jerky: $7.00
Mixed Nuts: $4.50
Canned Pinto Beans: $2.00
Bagged Rice: $3.00
Oatmeal: $3.50

Here are some places online you can make purchases:


Well, just Google "food storage" and you won't be lacking in options. We'd love to hear how it goes. Happy gathering!






Sunday, March 31, 2013

Emergency Preparedness Procedures by College


In the Provident Living Survey you took a few months ago, some respondents shared that their school has their emergency preparedness under control. Before you go assuming that your school has a giant fault of food storage somewhere underneath the campus, check out its emergency preparedness tools here.
                        
Boston University
BU has designated emergency assembly areas like the GSU and Agganis arena. They have also provided information on disaster supplies kits, which should be prepared in case of an emergency. The medical campus also has emergency assembly areas (click on the “Emergency Assembly Areas” sub link on the right side of the page).

Harvard
Harvard has a slew of information, including checklists for each type of natural disaster, evacuation plans, and information for business and departments to help them be disaster ready. Much of the information is password-secured, so feel free to peruse on your own!
http://ehs.harvard.edu/emergency-management                                                                       

Boston College
BC has a print-out PDF that contains an overview of disasters than can happen in the area, helpful phone numbers, evacuation procedures, and an emergency supply kit checklist.

Emerson
Be sure to update your contact information on Emerson’s Emergency Notification System (ENS), so the school can communicate with you in the event of the disaster. Also check out the evacuation plan for each building on campus, and the PDF Emergency Response Guide for various disaster situations. Emerson also has awesome safety resources like a police escort service and self-defense classes.
MIT
Update your contact information on MIT Alert and prepare and emergency kit from the list. Also, be sure you check out shelter-in-place and evacuation info.

Northeastern
Be sure to update your contact information on Northeastern’s alert system. Also, check out Northeastern University’s Public Safety Division (the link is halfway down the page) for health and safety resources. (For example, did you know there is a BBQ Request Form? True Story).

Tufts
Check out Tuft’s comprehensive and easily-navigable Emergency Response Guide. You can even request a paper copy of the guide. Oh, and don’t forget to like TuftsReady on Facebook.

The YSA 72 Hour Kit

Here is the handout from the recent Oregon Trail activity. Use + Enjoy.


The YSA 72 Hour Kit

·         3 gallons of water (don’t use old milk containers to store)
·         3 days’ worth of non-perishable food (things that don’t need to be cooked; get cans that don’t require a can opener)
·         Important documents (Identification, bank account, and insurance documents) in a sealable plastic bag
·         $50-$100 Cash (this could pay for gas and/or a hotel stay)
·         Wrench or pliers to turn off utilities
·         First aid kit (disinfectant, gauze, medical tape, aspirin, any medications you currently take
·         Flashlight and extra batteries
·         Radio and extra batteries
·         Duct tape for shelter in place
·         A change of clothes (warm enough for the winter)
·         A sleeping bag or warm blanket
·         A pair of boots
·         A hat and gloves
·         Personal hygiene supplies
·         Antibacterial hand wipes

*Remember to rotate water, food, medicine, and batteries at least every two years.

And now let us be wise and look forward to these things, and do that which will make for the peace of this people. -Mosiah 29:10

Monday, February 18, 2013

Provident Living 101

Hello everyone!

This website was created to provide you with information about everything and anything related to Provident Living.

Our mission is to make sure that you are able to meet your life needs, to be prepared in case an event keeps you from living your otherwise idyllic life, and to provide any information that would maximize your quality of life.

Notice I said quality, not quantity. We are not here to give you extra tasks to do. We are here as a source of information and support to help you streamline your life.

Some topics that will be covered in this blog are:
1. Emergency Preparedness
2. Personal Finance and Budgeting (Employment fall under this category)
3. Spiritual Preparedness
4. General life skills

This blog is a means to share information about those topics and more. If you have an interest or a question that we can help you with, please feel free to post questions and comments.

Thanks for reading.

~Your friendly PL chair