Friday, August 19, 2016

Why spend money when it is not necessary?

I am planning to spend some money totally unnecessarily but it just feels right. How?

Well, the studio apartment I rented had a very old and filthy junk of a washing machine. Although I have a machine at my principal home, it is not easy or possible to carry the work clothes back and forth every week. So, a washing machine at the Studio is a necessity. I had initially thought of buying a very low end machine and splitting the cost of it with the landlord.

Then, I remembered that mom has an old machine that has very long cycles. She has been complaining about that for quiet a while now. I decided to ask her for her machine and offered to buy her a new one. I will shell out about 4 times as much money as compared to the above option but, this will make my mom happy. So why not?

I am a born saver and a budget maker. I make sure, I have some wiggle room in my budget for occasions like this because I like to make my family happy. I know for a fact that my mom will never purchase a new machine while the one she owns is still working. However, each time she needs to use this machine, she hates it. While I have the means for doing this, I would like to do it.

Now I am on the lookout for a fairly priced nice machine with short cycles. I will make every effort to score it at the best available price.

Thursday, August 18, 2016

How far are you from Financial Independence?

I keep asking myself  this question all the time. I came to a realization that, if it were only me, I would be able to answer that question much more comfortably.

However, I feel responsible regarding some members of my family and I think I should be prepared to help them if I have to. I have made many calculations and projections and came up with three scenarios.

Scenario Number 1: Retire in March 2018 at the age of 51 with some savings and a rental home. This can provide a very modest living with no possibility of travel outside of Turkey. With this scenario, I will not be able to help others if family emergencies come up as much as I would like. So, I really do not like this one and 51 is too soon to retire anyway. If this scenario becomes reality, I will probably have to look for some consultancy or training work like I used to have.

Scenario Number 2: Retire in March 2020 at the age of 53 with a good deal of savings and a rental home. This one will allow me to travel and help others if there is ever a need for that. So, this scenario is a good one.

Scenario Number 3: Retire in March 2023 at the age of 56. Now that is a comfortable living with money to spend, to share and even save. 56 is a good age to retire and I will not have to worry about whether I should get a part time job or not.

So, obviously I target the third option. However, it is not completely dependent on me. As much as I like my job and have no intention to leave it, I am not too sure if my job will be around for me till 2023. My boss wants to relocate to the US and he is looking to sell his business. I am sure the new owners will need me for a while but then what?

So, I am just hoping that I will be able to pull in the same level of salary till 2023 at this job or another so that, I can comfortably retire and feel safe.

Wonder what other people are making their estimations.

Monday, August 8, 2016

Hot and Humid weekend filled with Pride and Prejudice

During the last two weeks, Istanbul has been too hot and humid. This week will not be much different I am afraid.

During the weekend I did loads and loads of laundry, folded them and ironed my shirts. That was all I could do. I did not dare going outside at all. My car needs to be washed desperately but, I could not do it. I tried to keep cool by jumping in the shower several times during the day.

I also watched the last three episodes of Pride and Prejudice, the BBC mini series online. While I was at it, I decided to also watch the movie version with Keira Knightley. I must say I like both Darcys the same. Colin Firth and Matthew Macfadyen were both excellent. I prefer Jennifer Ehle's Lizzie to the one portrayed by Keira Knightley. More sophisticated.

I was supposed to pull the kitchenware together to carry to the studio but that was not done. It was a mostly lazy weekend.

Friday, August 5, 2016

The Pool and What is Left To Do

The studio I have rented has an indoor and an outdoor pool. I usually find pools icky but I have checked it out. During the weekend the pool is a bit crowded. So, on Monday, they have a cleaning routine. I do not think the pool gets much use during the week. A couple of times I was there during the day, noone was using the pool.

So, I intend to use the pool after work during the week. I desperately need some exercise and swimming seems to be a good starting point. It is too hot to go out for walking these days anyway. I know the weather will turn after the first half of August. It always does. Once I build some muscles and when the weather is cooler, I will also start walking.

And here is a tally of what is accomplished and what is yet to be done:
- Get the motorized shutters fixed 
- Find a service company for the air conditioner DONE! The A/C is going to be fixed on Monday
- Put the wardrobe together DONE!
- Put the chest of drawers together DONE!
- Put the chair together DONE!

- Prepare the stuff to be moved to the studio

  • The spare kitchen table
  • Kitchenware
  • First Aid Kit 
  • Books waiting to be read:) 
  • Iron
I have spoken to the landlord and we agreed that I should buy an inexpensive washing machine and we share the cost. There are really low priced and decent machines so, I am glad we agreed on this.

Not much is left to be done. Once I put everything in place, I will share some pictures.

Monday, August 1, 2016

The Weekend Aches and Pains

I have discovered some muscles I never thought I had over the weekend. Why? Because I am an impatient and stubborn person and decided to put together all the IKEA stuff myself.

It took me about three hours to put together the bed. I also semi-finished putting together the wardrobe because I am planing to stay there this week. The chest of drawers is still in the box.

What have I accomplished?

- Get the place cleaned DONE!
- Get the motorized shutters fixed
- Have the washing machine serviced NOT DONE! because it is not worth it. Will talk to the landlord about that.
- Find a service company for the air conditioner (I am afraid, it may bee too old and dead)
- Put the bed together DONE!
- Put the wardrobe together Half Done
- Put the chest of drawers together
- Put the chair together

- Prepare the stuff to be moved to the studio
  • The spare kitchen table
  • Two chairs and cushions Check!
  • Kitchenware
  • Paper products
  • Cleaning supplies Check!
  • Cooling Fan Check!
  • Tool Box Check!
  • Clothing Items Check
  • First Aid Kit 
  • Medicine Check!
  • Small sewing kit Check!
  • Books waiting to be read:) 
  • Iron
I am hoping to stay here and make do with what I already have. I can make a list of other necessities and bring them next weekend.

Friday, July 29, 2016

When one thinks it's easy when it's not...

When I rented the studio, I thought it would be rather easy to get it painted, cleaned and furnished with a few inexpensive items and that I would be done with it fairly quickly.

Not so....

I have already been to IKEA four times before I placed my order online. There are so many little things to take care of. Here is a tally:

- Sign the contract Done!
- Have duplicate keys made Done!
- Get the place painted Done!
- Take cleaning supplies and ladder to the studio
- Get the place cleaned
- Get the motorized shutters fixed
- Make an appointment with Siemens Service for the washing machine Done!
- Have the washing machine serviced
- Find a service company for the air conditioner (I am afraid, it may bee too old and dead)
- Buy a chair and other odds and ends from IKEA Done!
- Prepare the stuff to be moved to the studio

  • The spare kitchen table
  • Two chairs and cushions
  • Kitchenware
  • Paper products
  • Cleaning supplies
  • Cooling Fan
  • Tool Box
  • Clothing Items
  • First Aid Kit and Medicine
  • Small sewing kit
  • Books waiting to be read:)
  • ..............

Oh my...

Wednesday, July 27, 2016

The Studio Apartment

I had the place painted and it will be cleaned on Saturday. I know that painting and cleaning are generally jobs one can tackle herself/himself but, here in this country it is still cheaper to have someone do it. I will do the cleaning myself from now on but the initial cleaning will be done by a cleaning lady.

I bought a Poang Chair from IKEA last night along with a small table top ironing board which you can hang in the wardrobe, cushions for the two chairs I am planning to move from home to the studio. I have a spare kitchen table that I will be taking to the studio along with a couple of other things.

I already have two vacuum cleaners so, one will definitely go to the new place. I can divide cleaning supplies and paper products between the two apartments without having to buy new stuff. I also have plenty of kitchenware that I can take to the new studio.

Today I ordered a really inexpensive bed frame, a firm mattress, a chest of drawers that I will also use as a nightstand and a small wardrobe from IKEA to be delivered. I will do the assembly myself since I am pretty good in that. There is a really old wall type air conditioner and I am guessing it needs to be serviced if it is working at all.

The washing machine needs to be serviced as well. Luckily all kitchen appliances are the same brand and I will need to call just one service company.

I do not know when IKEA will deliver my order but I am planning to move anything and everything that needs to be moved over the weekend.

This place has an indoor and an outdoor pool so I am really excited but first I need to find out the hygiene habits of the pool goers and the pool maintenance. What is more there is a new park very close to the studio with a good walking/running path. They have even lights out there for later hours and it is safe.

I am looking forward to this new step in life.