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How I Budget Every Month

This post may contain affiliate links. Check out my Disclosure Policy for more information. When you are first budgeting, it can be a process to figure out. After awhile, it becomes second nature though. The most important thing is to find a system that works for you. Once you’ve found the system that works, the key is streamlining it. I would suggest trying different ways to budget until one feels natural to you. I love hearing how others budget and manage their money. It always gives me a new perspective and things to consider when I manage my money. Sometimes I get stuck in my ways with budgeting. It’s good to periodically look over your budget to see where improvements can be made. This is the process I do to manage my money every month. I use a template I created on Google Sheets, you can get a copy of the template here. 1. Before the month starts, I copy my budget from the previous month and make adjustments. The great thing about using Google sheets is that you can simply copy the tab from the previous month. This makes it much easier to create my budget every month. The first thing […]

What I Do When I Don’t Reach My Goals

This post may contain affiliate links. Check out my Disclosure Policy for more information. Last month I didn’t reach the goal that I set for myself. Going into the month, it was a bit of a stretch. But, I really wanted to cross that off. I love setting big goals and seeing how far I can go. My goal was to get under $70k in student loan debt. It didn’t happen. And I missed it by about $150. Of course I was disappointed in myself, but it happens. I’d never reach any goals if I let it get me down. There have been so many times that I could have given up. I know there will be so many more as well. It happens and we need to know how to deal with them. This is what I did last month when I didn’t reach my goal. 1. Got upset. At first, I definitely was upset and I let myself be for a bit. When you’ve been on this journey it’s inevitable to get down on yourself every now and then. Personally, I love challenging myself and seeing how far I can push myself. I knew my goal was going to be […]

Debt Free Update: $130,947 Paid Off!

This post may contain affiliate links. Check out my Disclosure Policy for more information. Whenever I hit a milestone like this, I like to reflect on my journey. It’s not easy paying off $201k in student loans, especially on a teacher’s salary. But, I have paid off $130k in 3 and a half years. So, it obviously can be done. I still have $70k left to pay off, but this feels like nothing when thinking about where I was. I panicked when I hit my financial breaking point and received my first bill in the mail for my private loans. While in grad school, my minimum payment was $1,400, not including my federal loans or grad school. Of course, I got things squared away so I didn’t need to pay that at that moment. Since I was in school full time, I could defer my loans. But, I knew this would be my reality on graduation day. I’ve completed changed my priorities over the years. Some of them were definitely sacrifices solely for paying off my debt. Like moving back home to my parent’s house. At first, I moved home because I had no other choice. After my student loan minimum payment […]

How to Balance Multiple Financial Goals at Once

This post may contain affiliate links. Check out my Disclosure Policy for more information. When you are first starting to tackle your finances, it can be overwhelming. There are a lot of moving parts. And you need to find a way to manage them all. The good news is that there is an easier way of doing all of this. You need to find a way to slow down and not get ahead of yourself. This was very hard for me. When I want something, I want it yesterday. This has been especially challenging throughout my debt payoff. I couldn’t just get rid of my debt and there was no quick fix to $201k in student loans. No matter what, I’d be on this journey for awhile. That’s where managing it all comes into play. It’s still not easy, but you can learn from my mistakes and tackle this a much better way. 1. Find what you truly value and start tracking your expenses. As hard as it might be, it’s important to take things slow. Don’t dive in and put yourself on a budget. I tried doing that and guess what, I failed. Set yourself up to more likely be successful […]