Going full steam ahead and crashing through the waves in the process.
I hit many of my targets and even superseded a few. I was on a job hunt and the only 2 jobs I applied for I ended up receiving offers for. I’m still trying to figure out how I’m going to juggle everything, but I’ll talk through that shortly. We just finished the first week of April and I’ll admit, I’m a bit exhausted.
So onto the updates:
- Paid off 1 credit card this month totaling $1,597 **insert crazy dance**
- Used my tax refund to pay my debt
- Consolidated my student loans into a direct student loan, which lowered my monthly payments by $100. The savings will go towards my last credit card debt
- Said no to a lot of outings to avoid having to spend money
- I spent $329 less than I earned last month
- $33 was spent on pasties, coffee and other food items outside of my food budget
- $82 was spent on groceries which is 1/2 of what I usually spend each month
- Current Debt Balance:
- BOA Credit Card- $23,830
- FedLoan – $34,434 (Subsidized Loan- $14,106.30 & Unsubsidized Loan- $20,328
I decided to invest in a Microsoft Surface Pro 3 this month, I haven’t purchased anything for myself since December and I knew the purpose was to learn to not buy on impulse and begin valuing the things that I actually do purchase. I’ve wanted a Surface Pro for a few months now and had been contemplating buying it, but knew it would have taken too much out of my budget to justify spending over $1,000 on a tablet. I waited and waited and waited and decided to explore other option. I looked on Amazon and was able to locate a refurbished Surface Pro. It cost $299.99 compared to the $999.99 that I would’ve spent on a newer and fancier version. I read the reviews and they were decent, so I decided that it made more sense to by something that wasn’t the latest and greatest, but something that was affordable and practical. I am so happy with my decision, I am now blogging again and am able to use my tablet to keep track of my thrifting finds and reselling hobby. I knew that using my cell phone to run my blog and my thrifting was hindering me from really excelling with both. This tablet has added value to my life. I spent less than half the price of the newer model for my refurbished tablet and accessories. Who doesn’t appreciate a good deal when you are on a budget?
Another splurge was going to the movies. My partner and I saw “Get Out,” which was a compelling movie that we both really wanted to see. I found out that morning movies tickets are half the price of the afternoon/evening tickets. I brought my own popped popcorn from home and enjoyed my $6.99 movie:-) Being on this journey really teaches you how to be resourceful. In the past I found it easy to just go to the movie and spend well over $30 when it’s all said and done, but being intentional about how I’m spending has enabled me to explore other ways to do things.
I Said No and Said it often
I had to decline a few work outings this month to avoid having to spend money. It was tough, but it was necessary. I hate being a flaky friend, but I committed to going before I knew what my budget would be that week. I also felt pumped after paying off my credit card that morning and couldn’t justify spending $25 for a meal that I knew could go towards making a debt payment.
I made $225 in March selling on eBay and Poshmark. The extra cash allowed me to purchase my Surface Pro. I am really working on beefing up my thrifting because it has become my hobby and considering how much I love shopping, it just made sense to shop to sell. I equally love the shopping and making money part of reselling, but prepping my items for posting is time-consuming and by far my least favorite thing to do.
I went to a Poshmark event in my city, which was an extremely helpful experience. I met some amazing ladies who were able to give me some tips to improve my sells and improve the quality of my pictures. I’m 100% certain their nuggets allowed me to sell more than I ever have last month than previous months.
As you accomplish your financial goals, find a way to rejuvenate yourself and decompress. My aunt will be visiting me towards the end of the month to celebrate a milestone birthday. I have already planned out our weekend, which will help me stay on budget. I know I can’t splurge how I’d like, but I’m finding ways to be creative in spending on a budget. Making sure she is happy and enjoying her weekend will be the way I re-energize. My cousins are also contributing to her birthday weekend, which will cut the cost on what I have to spend.
Life lesson number 2 this month is “You don’t know what you don’t know.” Flood your mind with truths and information that will move you towards a more fulfilling life.
Listen to podcasts, read a few books, talk to the “experts”….anything you need to do to add to your knowledge. It’s important.