My Fully Funded Emergency Fund!

As some might have understood by now, I think finances are a really important part of life.
I believe it is imperative to have my finances in order to be able to keep my emotions in check and therefore not do the emotional eating things I have going on.
I have struggled a great deal with my finances, and about 1.5 years ago I decided that enough was enough and decided to make changes for me to get some financial stability, stop living paycheck to paycheck and ultimately reach financial freedom. You can read more about it there.
Today I am celebrating a big milestone for myself.

My fully funded emergency fund!

What Is a Emergency Fund?

It seems like the word emergency fund has a different meaning for different people.
I will tell you what is my meaning for it.

The term “emergency fund” refers to money stashed away that people can use in times of financial distress.

https://www.investopedia.com/terms/e/emergency_fund.asp

At first, I thought of an emergency fund as monthly income and I just could not understand how I was going to save up to 4-6 months of monthly take-home pay, that would take me year to save up monthly take-home pays.
I have really left that notion and put different definition to the word.

Emergency means just that, it is an emergency. What do we do when in an emergency. We need to make sure that our basic needs are covered for. Not the extra charcuteries or nicer coffee.
For me I decided that these four things would be my base of my fund:

  • Housing
    • Food
    • School
    • Transport

I went thought my budget tracking for the past 6 months and looked what my cost had been for these categories were.
This amount is what I needed to save up to create my emergency fund.

Why Do You Need a Emergency Fund?

For me, emergency fund will not be used for leaving for vacation; buying clothes; getting a bike or whatever things you can imagine.
These are saved for in my sinking funds. Read about my sinking funds here.
Emergency fund is exactly for what is sounds like.

Emergencies.

Emergencies will come. That is the only thing I really know. Flatmate moving out; job getting canceled; health problems or something else unexpected happening.
These are the reasons I was so focused on getting the fund, funded. I have had quite a lot of emergencies happening to me and I have felt like one step from total disaster.
Money can not bring you happiness they say, but I am for sure more calm and happy with the knowledge that I have this money on my bank account.
I have gained such a calm knowing that I have what I need to live OK for 6 months without any other extra income.

6 Months. No other money coming in.

I struggled to live from one day to next, in the past. I am so relieved now. Such a weight lifted from my shoulders.
It also gives me a freedom to say NO. I do not need to say say anymore to everything that comes my way, workwise. I can pick in a different way, as I do not need it to survive today.
I am surviving already. I wish for everyone to have this feeling. I wish for everyone to have this security and the best thing is: if I can do it, anyone can.

Am I Done with My Financial Journey Now?

Not even a little bit.

I am a freelancer and that comes with benefits but as with everything also some drawbacks.
One of them is my pension. I will basically not have any, unless I work for it myself.
No state coming to rescue me.
I will need to work to get it myself and I am not planning to be a poor pensioner. I am not. I have done poor, and I am planning a different future.
As I am single, I will also need to have a look in the mirror regarding housing. I know I will not be able to rent, once I am a pensioner and I know I need to do something regarding that. For that I need money.

I am not only thinking about my future though. I really want other people to have it good, and I want to be able to give more than I am able to do now.
I want to work improving other single parents lives. I need to have enough to be able to give and share so that others who are not in the same situation can seek help somewhere.

I have plans and these includes money, so my financial journey has just begun.

Photo by Anna Nekrashevich on Pexels.com

January Has Come to and End- How Did I do- Life Transformation

I am a Agile Coach, not working as it but have certification in it. I really got hooked on it, as it is so structured and as my life was fundamentally unstructured it was great for me.
One thing I really like in Agile is the idea with retrospectives.
So what is a retrospective? Simply put it is this:

What went well?
What did not go so well?
WHAT CAN I DO DIFFERENT TO MOVE FORWARD?

You obviously need to have a look at your sprint plan and what was the stories that you planned to have finished.
So that is what we are doing today! January sprint is over today so let’s have a look.

So what was the print plan?

What was the plan of the month?

  1. Read on average 1.5 books
  2. Working on my self-love
  3. Keep putting my health first– meaning mindful eating, and work out a min of 5 times a week.
  4. Working on my Czech, a min of 4 times x 30 min a week.
  5. Keep budgeting and adding investing.
  6. Learn something new or improve an a skill, ideas such as an instrument, drawing, handicraft, sewing, on the amount of min 30 min per week.

WHAT WENT WELL?

  1. I did read a book- Good Omen.
  2. Have said no to people I do not want to deal with anymore and work I do not want to be a part of.
  3. Kept the min of 5 times as week. I have done a mix of work out, to my ability in this lock-down world we are living in. I did my fastest and longest run so far.
  4. I did work on my Czech in various books and have spoken at home as well.
  5. I am budgeting, tracking and I added etoro so now I am investing too, which now is divided between two stocks and one cryptocurrency.
  6. I did work on an SEO course.

WHAT DID NOT GO SO WELL?

  1. Had hard time to make the time for this. I read on my phone and I did not like that so much.
  2. I made the task very vague so I find it hard to really see what I need to do in order to work on it.
  3. I cannot really say anything that did not go so well. I have done the best I could do with my abilities in this situation.
  4. I could have been better speaking at home. I do not leave the home very much as we are in lock-down so there are not so many other places to work on it right now.
  5. I have done all what I can do at the moment.
  6. This one I could have worked much more with. The SEO course was quite shit, so I cannot say I learned anything new. I could have worked on sewing and drawing which is free as I have the tools.

WHAT CAN I DO DIFFERENT TO MOVE FORWARD?

  1. Bring the book in my bag as I do not like reading on the phone. Add 30 min before bed. I do enjoy reading.
  2. To make it clearer. What does really self-love mean? I need to rework this plan in general.
  3. That I can do much more than I believe. I can measure more for the future.
  4. 30 min 4 x a week is really doable so I think I will just leave it like this for now and make no changes for following month.
  5. Make a clearer plan in how I want to invest and how much. Write it down so I can see what I am actually investing in and for.
  6. This one is my absolute worst one. I can add much more time. I do a lot of brainless scrolling where I could work on something new instead.

In general I am quite happy with the month. I am quite excited of what February will do for me.
How are your plans and resolutions going so far?

Workout for Weight Loss a la Manka

What do you do for weight loss? Work out or diet?
I do both. And today I want to show you what I do for weight loss.

– How have you gotten this routine, are you a trainer?
You know what? I am not, nor did I get it from a trainer. I have had a trainer in the past, and I am watching an obscene amount of training videos. So I have made my own little routine together and I think it is a full body routine.
If you do not think so, please let me know and what I could do to change it up.
I have just used my own sense if mind, and with the idea that something is better than nothing.

Warm up

We all know how important it is to warm up- don’t we? Truth to be told I never did, until quite recently but I have to say I am totally in for it now.

Warming up helps prepare your body for aerobic activity. A warmup gradually revs up your cardiovascular system by raising your body temperature and increasing blood flow to your muscles. Warming up may also help reduce muscle soreness and lessen your risk of injury.- Mayo clinic

And it is really true. It helps me so much. Slowly adding speed or weight, and fully work out when your body is warm is a game changer.

  • 12 minutes of jumping rope. Trying to run on the spot while jumping.

Main Workout – Resistence & Flexibility

Round 1

Walking down in plank, push up and then jump back up to my feet.

Lunges- crossing the patio of mine while switching leg.

The traditional sit ups x 15 times. I know people say that sit ups are no good, but you know what? I like all exercises I do, and I think they are all good if we do them. All better than nothing. Or?

I this all x 3.

Round 2

Side way plank walk. Not even close to such a plank I, in my imagination, have. To be honest I was slightly shocked how bad plank it is. I have quite a lot of improvement space here. I mean it looks like a upward facing dog, not really as a plank.

Crossing leg x15 times. And yes, this is the same day I just removed my top sweater. I was warm even in the 0 degree Celsius.

Crab walk, again I crossed the patio doing this. And this round I did x 3 again.

I did have a Round 3 as well, but truth to be told the photos were terrible. I was trying to get these better too as they are not the best but it was what I could do.

I am not the best in this field but I am looking into how to improve.

Cool Down

I did not do. I do not understand it really. But I guess it is as important as the warm up, just not getting it. They say stretching is good for the muscles and the soreness afterwards. OK I can see that, but I just feel like I prefer few more minutes of workout than few minutes of cool down.
Anyone has a though on this?

So guys, that was my routine. I really enjoyed it, and it is quite like this I do it.
Will work on my photos so it is easier to actually see what the bloody hell I was doing.
I can tell that I have seen more improvement doing this for about 3 months, than my 5 months in the gyms with weights.

How and what are you doing with your weight loss?

Weight-loss Approach a La Manka

The constant question we all have! OK maybe not us all but we who want to shed it.

– How the F do we shed these bloody kilos?!

As mentioned before, this is not my first rodeo, I do wish it to be the last one. I know what I have done in the past and decided not to do the same.

“Insanity is doing the same thing over and over again and expecting different results.”– Rita Mae Brown

So I am doing something new. Something I did not try before. It does not seem too strange of an idea according to me.

So what have I done in the past- so I know what not to do again?

1. Stopped eating all together– It is really effective but you cannot go doing that forever so might not be so clever.
2. On the same line- stopped eating everything “Unhealthy“, pasta, rice, potatoes, sugar, sweets, meat, bread, fat, you name it. I have stopped it all. This has only gotten me to ravenously craving just these types of food ending in me not being able to stop once I started again. And you always start to eat it again.
3. Super strict just to indulge over the weekend- whatever progress that I might have had was canceled out over the food I had over the weekend. 2 days of stuffing yourself with food and drinks can easily cancel out any good work over the weekend.
4. That one workout would validate overeating – But come on! I worked out, I can eat this second serving of pasta and a dessert on top of this. Add some sugar into my coffee already! Anything else needed to say?
5. One times a week moving would be enough– My sister only goes to gym once a week and she in slim. Why should I need more? Maybe because you are 40 kilos over, and she is not.

What is the Plan for this and final time around? – HOLISTIC

I really believe that if I do not work on all aspects of my life this will never work. I have used food to cover up a lot of insecurities and issues I have. Also for boredom and stress. I need to work on the stuff inside my head. I need to find a way of living that brings everything together, so I do not need to rely on food and sedentary life to survive.

1. Bringing my finances in order– I stress over this constantly. After I got divorced while living in South America I did not live on much. Many days I could not eat as I could not afford to buy food for both me and my daughter. So many Sundays I ransacked all my purses to see if I could find few bolivianos for transport to school and work. Energy for caring for myself when in financial stress is 0.
2. Moving on a regular basis- No, 1 time a week is not enough for a realistic weight loss for me. I do not believe so. Once weight is shed and I need to maintain, OK. Now, not. I need to make sure my expenditure is higher than my intake.
3. Consistency- No matter what, gain or loss or stale just keep doing what I am doing. It is working somewhat. Just do the grinding. I do feel honestly happier and better just doing it, even if at the moment nothing is happening.
4. Transparency to myself– Be honest about what I have eaten. During christmas I know I pretended I had not as much food as I actually had. Or as much sugar as I actually had. I need to be honest. Rules are not bad. Rules are OK. And it is needed to be followed and be honest about them. It is ok to not do it all the time but be honest about it. If I am not, how can I make any tweaks.
5. Finding hobbies- I get bored and I eat. Or I watch movies and series resulting in me not moving. I need to work on all elements to have a balanced life, where I feel I am worthy of success. I have dedicated 30 min a week for learning/trying new things to push myself into doing more things than just sitting on my ass.
6. Working with a trainer- I am going to take in a trainer again. I am not there yet to put myself into hard workouts and know what I need to do to improve with them. I have goals with my body and I do not know how to reach them. I have lived a sedentary life, how am I suppose to know myself what can be good or how to do it. Bring in help where help is needed.

That is my plan so far. I might add or remove- I shall see. I think it looks like I have made a thought out plan and idea of my LIFE, not just my weight. I have considered the aspect of the past and looked into how I can make it manageable now. I cannot continue on this path of 30-40+- fluctuation in weight. My body is hurting and aching.

What is your plan how to take control of your life?

Recent Photo Taken, 20 Kilos Down