September Goal Wrap Up

So, September didn’t go as planned with most of my goals. I got super busy with work, celebrated my birthday and my husbands, and spent too much. Here is a wrap of my September goals. Just because September didn’t go as planned, doesn’t mean I’ll give up! October is a new month and there are still three months to make some decent progress.

  • Get Capital One back to “Bills Only” – I paid over on this card this month, but it still has a balance that I’ll have to pay off. I haven’t accrued interest on this, but I want to end paying out large sums each month. I’ll be catching up with this in October, as well as making sure to pay off bills as they come through!
  • Get Discover under $7k – Currently at about $7200. The above mentioned issue with the high balance on my Capital One, meant less to put towards this.
  • Earn an extra $400+ from side hustle – I crushed this goal! Even with being busy and not being as active as I’d like with my side hustle, I made $775 – with a net profit of $485.
  • Donate unwanted stuff to Goodwill – I keep putting this off. I’m going on a Goodwill run tomorrow, so I’ll be forcing myself to bring some donations.
  • Get caught up on training protocol at work – Another month passed, another month not getting caught up. Ugh, really going to plan on this in October.
  • Get weight back down under 130 – Yet another that I didn’t meet, but I’m 2lb off.

Well as you can see, I didn’t do good at all this month. However, I did get my emergency fund back up over $1000, celebrated our birthdays with each other and our friends, and had some good ice cream. So it wasn’t an all out fail. Hoping October goes a lot smoother!

Mini Book Review – Broke Millennial

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This month, Veronika at Debts to Riches invited followers to read Broke Millennial: Stop Scraping By And Get Your Financial Life Together by Erin Lowry. I read through the book pretty quickly, and read some chapters more in depth than others. I think I’m on the cusp of being a millennial, but the book was still applicable to me since I feel like I got a late start on earning a standard salary in my field since I finished my education later.

The first couple chapters touch on the basics like building a budget, picking the right financial institutions to house your hard earned money, your credit, paying off debt and student loans. If you’re already on your debt free/financial independence journey, this is probably stuff you already know. Still, it was a nice easy read to review the basics.

The next couple chapters I thought were more informational – and would have been beneficial to me say maybe, 5 years ago or when I accepted this new position almost a year ago with my new certification and master’s! These chapters focus on how to get out of awkward social events where someone shorts the tab, splitting the tab, talking finances with your significant other and negotiating a salary. Social events and work have a direct impact on your money (duh) so I thought the information on how to navigate these areas was useful. Again, maybe would have been more useful for me prior to me taking the job I have now, or back when I was single and enjoyed being social and going out…

Lastly, it wraps up talking about investing, saving for retirement, hiring a financial professional and homeownership. For me personally, these chapters proved the most useful as I am getting a late start on saving for retirement, and learning for investment. I’m not at the homeownership bit yet but I’m hoping to do so in the next 10 years or so, so the information was useful and shed more light on how much we’ll actually need to save for a downpayment on a home in CA (Hint: a buttload).

I didn’t want to bore you by explaining every detail of the book. That might also motivate you to not read it! Overall, I thought the book was a refreshing outlet for anyone who is just getting started with getting their finances in order. I’m now trying to figure out a way to send it to my younger sister without sounding like a bitchy older know-it-all sister (even though I am smarter). If you’re getting started with paying off your debt, or even budgeting I would recommend reading Broke Millennial: Stop Scraping By and Get Your Financial Life Together.

Overall (Subjective) Rating: 7/10 Ice Cream Cones

 

September Goals!

Hello friends! So, I’ve been lagging on blogging but that doesn’t mean that I’ve completely given up all together. I will admit that my spending has been looser, but I’m still doing my best not to acquire new debt and pay off what I already owe. It’s also my husband and my birthday week! Here are some goals for this month specifically, and I’ll probably post again on some goals I want to hit in my last year in my early 30s.

  • Get Capital One back to “Bills Only” – I haven’t stopped using my credit cards. I have a cash back rewards card that I designated to automatic payment of bills. I pay it off each month so it doesn’t accrue interest and so that I can maximize the benefits of earning a little bit of cash back. However I did use it a little in the past month for non-bills, and also had some larger ticket bills (our dog got fixed, and our electricity bill for 2 months was over $300!) so this month’s statement did get a little crazy. I want to pay it off, then resume it’s job as a “bills only” card and keep it out of my wallet.
  • Get Discover under $7k – Currently it’s a little under $7500. Getting this debt in the $6k range makes it more possible that I can be done paying this off this year!
  • Earn an extra $400+ from side hustle
  • Donate unwanted stuff to Goodwill
  • Get caught up on training protocol at work – The sooner I finish this, the sooner I can make more money and also start my year commitment. Not that I have immediate intentions on leaving, but it’ll be nice to not have a time commitment.
  • Get weight back down under 130 – I feel like a broken record but my motivation to diet has been really low this year in general. I’d like to get back down under 130 by the end of this month, and work on maintaining that through the holidays and end of year.

That’s it for now! I’ll be back with more goals for my 34th year as well as updates on my progress!

June Recap/July Goals!

A little late but here is the recap of my month of June:

  • Put at least $700 to my CC debt 
  • Sell ALL unwanted stuff, and toss the rest 
  • Eat out less
  • Get bodyweight back under 130lb

I put $556 towards my CC debt this month! Not exactly at $700, but I did reroute $540 to fully fund my Emergency fund at $1000. I sold a decent amount of things this month and racked up over $400 to put towards my debt! I ate out less during the weeks which was good, and I fell short of getting back under 130lb thanks to some minor injuries that forced me to scale back my training and probably hit me in the motivation department.

My month wasn’t at 100% but when is life ever at 100%? I’m a believer that when you aim for perfection, you set yourself up for failure. Sure my month wasn’t perfect but it was my first month making an attempt at getting my finances back on track so I’m ok with it, and it gives me room to improve in the upcoming months!

Here are my goals for the month of July:

  1. Pay off Credit Card #1 – With budgeting and extra money from selling stuff.. I think this is doable!
  2. Donate unwanted stuff!
  3. Get Postmark closet to 75+ available items
  4. Drink a gallon of water daily
  5. Get better at tracking no-spend days
  6. Get back below 130lb

What are you aiming to achieve in the month of July? Leave me a comment and let me know!

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Mid-Month check in

June just flew by! I’m sipping my first cup of coffee for the day and reflecting on my progress with my goals that I wrote out. So here is where I am as of today:

  • Put at least $700 to my CC debt – So far I’ve put $556 to my CC this month! I’ll get paid one more time before June is over and already have $400 scheduled, so I should be good on this goal!
  • Sell ALL unwanted stuff, and toss the rest – I’ve been listing on Postmark and Mercari and eBay, I’ve sold a few old electronics and a decent amount of high-end makeup. No one is biting on the clothes. I’m going to donate some stuff by next weekend.
  • Use cash system for daily spending – This I haven’t been doing.. mostly because my first paycheck I spent all on rent, paying my CC and paying myself that I didn’t have much cash left over, so I guess that’s a good thing? I took out $20 yesterday and had $6 in my wallet already, so I think this will be good going into the next week!
  • Eat out less – I have been doing a lot better packing lunch! I’d say at least 4/5 days! However, over the weekend our friends were in town and we spent a lot of money on eating out, and we have other friends in town today. We literally never go out on the weekend, so for now I’m sucking it up in an attempt to be social.. since we tend to be pretty anti-social 99% of the time.
  • Get BW back below 130lb – I’m about 132 as of today. Getting back on track with eating packed food and hitting my food targets per day has helped, but I haven’t been working out at my normal volume thanks to a string of small, annoying injuries (sprain here, tweaked my back, sprain there). I’m hoping by the last week I can resume normal workouts, and at least get within 1lb to this goal to be on track for August.

How are you all doing with your goals for the month or the year?

June Goals!

I’m excited for my first list of (financial) goals in a while! There is something satisfying about writing down some goals and exposing them to the public that makes you more likely to follow through. I want to set goals, but I want to be realistic. This is my first month back to trying to be more accountable for myself and my money so I’m taking baby steps here. Here is what I want to achieve this month:

  • Put at least $700 to my CC debt – I know in my previous post I said I can comfortably put $800 to my debt, BUT I also want to be realistic. I’ll be done paying off my personal loan on Friday, so that’s at least $351 I can put to my CC.
  • Sell ALL unwanted stuff, and toss the rest – I have a lot of stuff I’ve been holding on to because “I think I can sell it”. I’ll make an actual attempt to sell all this stuff this month, and if it isn’t gone by June 30, off to Goodwill it goes. I’ll be adding all that extra cash to my debt.
  • Use cash system for daily spending – Back in my young(er) day (circa 2008) I used a cash system for a while. I do think it made me more accountable for my spending, but nowadays with how many places I go in a single day and how spacey I can be, I don’t feel comfortable carrying around this much cash. So I’ll take out a weekly allowance for spending + gas, and leave my plastics at home.
  • Eat out less – I have to admit, living in LA has been bad for my diet and my wallet. I got a little lazy in May, and the deliciousness this city has to offer got the best of me. This is kind of a subjective goal, so I’ll aim to pack a lunch and snacks at least 4/5 days each week and track this goal daily in my Passion Planner.
  • Get bodyweight back under 130lb – Not PF related, and I may touch on what my fitness extracurricular of choice is nowadays, but with the above goal also came a little extra fluff. I will need to be at a certain weight by August 12th for a fitness related event, so I need to get a start on this sooner than later.

I’ll leave the goals there for now. I’ll be documenting my progress, and hoping to meet all of them! What are your goals for the upcoming month?

 

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Financial Mistake #1 of 2017

At the end of 2017, we ran into an emergency and didn’t have the savings to cover it. With not so hot credit from the past few year’s financial mistakes, I had to take a personal loan with a ridiculous interest rate to cover our asses. My original intent was to pay it off in three months and here we are in month 5 of the year and I’m still paying it off.

I decided to take out the majority of the savings I have to pay this thing off by the start of June. Literally daily it accrues enough $ to fund my daily coffee fix plus some. The monthly set payment is $351, so with that $351 I can start paying down my “normal” interest rate CC debt much sooner.. and start replenishing my emergency fund and savings to avoid this from ever happening again.

The payment is automatic and apparently there is no way to pay the upcoming payment, so today I paid $1225 towards this pain in my ass, saving the $351 in my checking for the upcoming payment. Then when I get paid on the 2nd I’ll pay off the balance in full!

Next up will be my Apple CC which I used to buy a new computer with a special interest rate. I can comfortably pay at least $800 to debt per month (after all my fixed bills, spending, and saving). My goal going into June is to get aggressive by putting at least $800 towards this debt, and clearing house by selling all my unwanted stuff and putting that towards this debt of $1800.