Make it through Christmas without any extra debt!

Christmas is supposed to be the happiest time of the year. "Joy to the World." "Happy Holidays" and all of that, but if you aren't careful with December's Christmas budget, than January's credit card statement can be oh so frightful! Here are a few ways to make sure that you don't break the bank for your Holiday cheer!

Disclaimer: This post may contain affiliate links. This is one way that bloggers make money, but it is at absolutely no extra cost to you if you choose to make a purchase based on my suggestions! If you would like to read more about how this works, check out my Disclosure Policy! Christmas is less than 2 months away and I don’t know about you, but I am beaming with excitement. I can’t wait for Hall-o-ween to be over with so I can start decorating my apartment! The holidays are always my favorite time of the year with the sugar cookies, the Christmas trees and lights, and actually being able to spend time with my family.I can already hear the Christmas music in my head.I know it will come up faster than we expect, because it always does. Just like every year, Christmas is on December 25th. Even though we know that, it seems like it just “sneaks up on us” before we even get to plan anything. This year, instead of waiting until December 24th to start figuring out how to pay for the holidays, think about checking out these tips to making sure that you don’t regret all of Christmas once your January credit card statement hits. This year, don’t let your budget be surprised by the Christmas holiday! 1) Set a budget before the holidays get here! Figure out exactly how much you think you are going to need. When I made my Christmas budget of $500, it includes dinners with friends, decorations for my apartment, presents for everyone on my list, and any holiday festivities that may happen. I very carefully figured out what I thought was necessary for all of the different categories, but that still seems like too much for a holiday budget. I tried to think about last year to figure out what I spent, but I truthfully have no clue. 2) Start buying or saving early Some people start buying things when they see them on sale. If you have the storage/hiding space, this is a great idea. Especially if you know…

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14 Things that Waste Money, but I Refuse to Eliminate from my Budget

The biggest financial advice I have seen is what items that you should never pay for once you start your debt free journey. Maybe I just don't fit in, but I don't see eye to eye on all of the items that are a "waste" of money. I believe that if it brings ease or joy to your life, why eliminate it! Check out my list of 14 things that I waste my money on!

Disclaimer: This post may contain affiliate links. This is one way that bloggers make money, but it is at absolutely no extra cost to you if you choose to make a purchase based on my suggestions! If you would like to read more about how this works, check out my Disclosure Policy! Lately, I have seen a ton of articles that focus on things you shouldn’t waste money on in your debt free journey. According to these, you should just go cold turkey on everything that is a “waste” of money. There are a ton of things that could be considered a waste of money to one person, but not another. I am all about ways that I can save money. This month, I am in the middle of my #SavvySagittariusNoSpend Challenge. When I am not spending money on anything, it makes it easier to see what I really do waste money on. This isn’t how I am doing my debt free journey at all. There are still quite a few things that I purchase that are on most of these lists. I am always looking for ways to save money, but there are a few things that I am just not willing to stop “wasting” money on. Because I won’t give them up, I have found a few ways to save some money on these things. Your debt free journey doesn’t mean you have to be miserable. Continue to enjoy the life you have, but do so responsibly.

Sinking Funds: What are they and why you NEED them RIGHT NOW

Sinking funds is a term that can be a little confusing. Here is a complete guide to making sure you know what you are doing and help you really get your budget together!

Have you ever known that you have a big expense coming up, but decided to figure it out when you get there? Does Christmas “surprise” you ever year, even though it is ALWAYS on December 25th? Do your January credit card bills make you a little bit of a scrooge? I have been posting on Instagram about my sinking funds lately and a lot of people have questioned what I mean when I use that term. I think the name came from Dave Ramsey, but let’s face it, our grandparents and great grandparents really invented the wheel when it comes to no debt finances. Grandma knew what it meant to save her money for a rainy day. I started my debt free journey on January 1st, 2017 and I have not had to pull money out of my emergency fund once because I have my sinking funds. They are a little confusing, but hopefully this guide will help you get started. Here are the most commonly asked questions I get about my sinking funds: How does it work? A sinking fund is a type of savings for irregular or yearly expenses. For example, you pay $600 every 6 months for car insurance. Instead of ignoring it and waiting until the time comes up to pay for it, a sinking fund sets aside a portion of the payment every single month. In this case, it would be $100 a month. It may feel like you are putting away a lot every month, but I promise that it will save you tons in the long run! When you start getting the hang of looking at sinking funds as an expense, it becomes a lot easier to put money away every single month!

Building Your Debt Snowball, Then Killing It Quickly!

Imagine yourself looking at the money in your bank account. You have no monthly housing payment. No student loan payment. Your car is paid off. All you pay for monthly is your phone, utilities, food, and your “want” list. You must think that I am crazy. But this is my goal by 25. Debt paid off. House paid for without a mortgage. Money in the bank. Many people love the idea of being debt free, but once they start looking at their bills, they have no idea where to even start. Or, they are so overwhelmed with just the monthly payments that they can’t even imagine paying more on any of the debts. Whatever your case is, if you want to be debt free, you will find a way to do it! I am on a one person income and slowly but surely working my way to being debt free! If you are a Dave Ramsey follower, then you have heard of the Debt Snowball. Some people have heard of it other places as well. In my opinion, it is one of the best ways to keep the motivation to get debt free! The snowball isn’t directly Dave Ramsey’s, but it is the system that he uses in his Financial Peace University.

7 Steps I Took to Pay off $7000 in 7 Months

Disclaimer: This post may contain affiliate links. This is one way that bloggers make money, but it is at absolutely no extra cost to you if you choose to make a purchase based on my suggestions! Thank you! You can read more about it in my Disclosure Policy. If you have followed me at all, you have heard all about my debt free journey. Maybe reading about my story has made you curious. Maybe you stumbled upon my post about Why You Should NOT Start Your Debt Free Journey and it inspired you, or at least got you thinking. Maybe you have no clue what I am talking about when I say “My Debt Free Journey.”  Or you simply want to know how I have paid off $7,250 since the beginning of the year. It is crazy that this has been my life for 7 1/2 months because I feel like it was just yesterday that I started this journey. But some days it feels like I have been at this forever. I have poured my whole life into doing everything I possibly can to speed up the steps. I read some great inspiring stories about how people trade in their brand new car for a 10 year old car and they are able to pay off debt super easy.I am so happy for them, but that isn’t my story at all. All of my debt is student loans and I live in an apartment, so nothing big to sell here. There is no acquired money from relatives, just from working a lot.  I am not married, so I don’t have anyone else’s income to live off, just my own. This year has taught me a lot about myself. I have learned that I have a lot more determination than I originally thought. I can also go days without getting more than 5-6 hours of sleep. This year has been a long one, but I am taking it step by step. I am 22, not married, and no kids.

The Perfect Budgeting System For A Server Income

Disclaimer: This post does contain affiliate links. This is one way that bloggers make money, but it is at absolutely no extra cost to you if you choose to make a purchase based on my suggestions! Thank you! You can read more about it in my Disclosure Policy. I have been a server for almost two years now. It is such great money. It is also super convenient to walk out with money immediately after my shift. While the job itself is not my favorite, I continue for the flexible income. The problem I quickly saw was that I wasn’t actually getting a paycheck. I was just walking out with my paycheck every night that I worked. The first month, I was so carefree because I had cash in hand. The other servers and I love to go out for drinks after work, which quickly became my second problem. On a good night, I find myself tipping the bartender $10-15 on a $5 drink.  It quickly became a little excessive. Even if I wasn’t over tipping, I was spending $10-20 of the $100 that I just earned working. I looked all over the internet to find anything that had ideas for how to budget as a server. Turns out that there isn’t as much as I thought there would be. Apparently not many people are writing about budgeting as a server. Probably because not many of them have an effective system. When you have the opportunity to make that good of money in one weekend, budgeting isn’t necessarily a must. Then I turned back to Dave Ramsey. Of course, the envelope system. Here are 9 Steps to Budgeting as a Server (or any irregular income jobs) It took me a little while to get into a routine, but once I did, it was a lot faster process. Don’t get discouraged if it takes you an hour the first time you sit down to try to do this. Keep going because I promise that having a ton of extra money is so worth it! Soon, it will be an automatic process!

How to find your Missing $5000 in your budget

As a "20 Something," most people aren't worried about a budget. I have learned if there is no budget, I usually don't know where my money goes. Here is a step by step of how to create a budget to save money.

Last year, I spent 3-4 full weeks traveling to a ton of different places. I wandered through Wyoming, Idaho, Utah and Colorado. I flew to Florida to see my sister before she moved. There were Christmas lights in Texas that I just HAD to see for my birthday! It was probably some of the best experiences of my life and I would not trade it for the world. After I own my home, I hope to travel like this again, but I would never have been able to take a full month off work to travel like that if I wouldn’t have had a plan. “A budget is telling your money where to go, instead of wondering where it went.” When I work two jobs and pick up extra shifts and my second job, it really isn’t to pay rent or the electric bill. When I turn down people for dining out and getting drinks because I am “broke,” I don’t mean that I don’t have money.   I mean that I haven’t put any money aside in my budget for drinks and dining out right now. I limit what I spend going out because I am have other priorities for where my money is going. Without my budget, I would have never been able to travel that much while still paying all of my bills. Now I am planning to pay off all of my debt. I have paid off about $10,000 in 9 months thanks to this simple budgeting system.