Debt Free Journey Reports

October 2018 Debt Free Journey Report

October held all kinds of surprises for me, but it was still overall a good month! Find out how I had $600 worth of unexpected expenses and still put over $1,115 towards my last student loan!

My Story! If you have been following my story at all, you probably know my story. If not, I tell my story at the beginning of every monthly report for those who just stumbled upon my blog. I gain different followers every month and I don’t want anyone to feel blind as they find my posts! If you have read my story, feel free to skip ahead to my monthly report. I tell this story so I am not just some stranger, but instead someone who just might inspire each and every reader to follow the same journey! My name is Elyse. I am 23, single with no kids and I am proudly on my way to being completely debt freeeee. I never really thought of myself as someone who was in debt. With no credit cards and no car payment, I was not the average American.  All I had was a few student loans. But, it wasn’t until a few weeks before my 22nd birthday that I got a loan for a Jeep and my very first credit card. I should say credit card(s). There were two or three that showed up that month. For that month of December, I thought it was so cool that I finally had a credit card. I was excited over it actually. I was learning about all the different rewards I could cash in and it was fantastic. Even though I had never needed a credit card, I was determined that I needed them then. I even went on vacation using mostly my credit card. I had racked up a pretty decent amount of money on my credit cards and started picking up extra waitressing shifts to get it cleared. While I have never paid interest on my credit cards, I have definitely gotten close. Towards the end of the month, I was cleaning off a bookshelf, getting ready to move (again), and found The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness. This $15 book completely changed my life path at the time. Dave describes being debt free as such…

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Uncategorized

What is a No Spend Challenge?

Maybe you have heard all of these finance gurus talking about "No Spend Months," but you have NO clue what they mean. Here are a few starting points..

  I have been talking a ton about No Spend Challenges lately, but I have received a TON of questions about them! I have done a few No Spend Months during my debt free journey that have allowed me to get ahead on paying on my student loans. To me, a No Spend Month is like a diet “cleanse” or detox. When you do a body detox, you are attempting to feel better by cleaning out the toxins and excess weight that your body is holding onto. When I do a No Spend Month, I cut out any “fun spending” and look at the fun things to do for free instead. I am cutting out excess spending to see what is more important. During October 2017, I was able to put my whole full time paycheck towards debt and just live off of my waitressing money because I barely had any expenses. In January 2018, I was able to put over $2,500 towards my student loans right after I lost my full time temporary job. These challenges have played an essential role in my debt free journey at a few of the most challenging points since I started. Maybe you have heard people say things like “No Spend Month.” Or, this month I had “15 No Spend Days!” Well here is where it finally all gets explained if you are feeling in the dark! Here are a few of the frequently asked questions to help clear up any confusion! What is a No Spend Challenge? Like I said above, a no spend challenge is kind of like a detox. It is a period of time that you allow yourself to say no and cut out any excess spending. I cut out EVERYTHING. No Restaurants. No extra coffee stops. Not ordering pizza when you don’t feel like cooking. This challenge is designed to get you to think about where your money is going. This challenge does not include bills. When I say that I didn’t spend any money all month, guys. My bills are still getting paid. Money is still going…

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Budget Tips, Food, No Spend Month Tips

How This Single, Millennial Spends Less than $200 a Month on Groceries!

Saving money on food can be one of the hardest things sometimes! I mean, you need it to survive, right? I have done good about keeping my grocery budget under $150 a month! Here are a few of my tips on how to keep your grocery budget low!

I recently posted a picture of my budget on Instagram and I have been talking about my No Spend Month Budget a lot lately. My grocery budget for the month is usually about $150-200 a month! A ton of people have asked me how it is possible. During my No Spend Months, I often cut it down to $100. I will start by saying that I do not fall into “organic” traps. I don’t have any special dietary needs and I haven’t cut any major food groups out of my diet. While I think there is a healthy balance of proteins, fats, and carbs, I also think that life is far too short to deny yourself of anything you want. Your body is also designed to run off of all three macros. That being said, I am not a nutritionist, so you don’t have to listen to what I am saying about food! People are asking, so I am sharing the raw truth of how I eat so cheap so I can pay off more debt. In 2017, I paid of more than $15,000 in 12 months and I have continued to pick up the momentum with every month so far in 2018. Here is how I keep my grocery budget under $200. I work in a restaurant I could write a whole post about how working in a restaurant has cut my grocery budget! This is probably my number one reason my budget is so incredibly low. I spend 40+ hours in the restaurant most weeks. At least one day a week, I am there from open to close, which usually means that I eat 2-3 “meals” at the restaurant. If you have ever worked in a restaurant, you know there is usually “dead”/extra or messed up food that is up for grabs. There are nights of eating wings that were tossed in the wrong sauce or extra fried chicken that was never used. I am definitely not saying it is the healthiest, but it works and it’s free. I always make sure that the food is extra before…

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Budget Tips, Making Money, Money

Financial Apps You Must Have When Trying To Pay Off Debt!

Do you ever feel like you have a million apps on your phone but you are still searching for the best one? I have been working hard at pay off all of my debt and in the mean time, I have been compiling a list of my favorite tools. There are so many financial tools out there to use that it can be hard to know which tools to use and which ones overlap to do the same things! I have spent a ton of time looking and trying different apps for my phone to get cover all of my needs. Here are a list of my favorite financial apps that have helped me on my debt free journey! Ibotta It is no secret that I love Ibotta. I have shared this multiple times on Instagram. Ibotta is a grocery rebate app. I am all about saving money on groceries. Instead of saving money up front like with coupons, it is a receipt scanning app. The app will pay you for scanning your receipt when you purchase certain items. I love Ibotta because there are a ton of different things on there. Alcohol, produce, meat, frozen foods, and household items can all be found with rebates. Checking it regularly can mean getting cash back on things that you are already getting! When you sign up for Ibotta, you will get a $10 welcome bonus when you redeem your first rebate! (Who can beat free $10!) Acorns Acorns one is pretty new to me, but I have been checking it out lately and I am totally in love so far! It is an investing app for dummies. I have set up my debit cards to round up the purchase so money goes into my investing account when I make a purchase. Acorns also allows you to set up recurring payments. It takes all of the guess work out of what to invest in, because you can just choose your risk level. The app does the rest for you! I have figured out that if I started investing $600 a month (which…

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Budget Tips, Money, No Spend Month Tips

5 Things To Prepare for a No Spend Challenge

Preparing for a no spend challenge is extremely important.

I have been on my debt free journey for almost exactly a year now! One thing that has helped me tremendously with paying off $15,000 on a $30,000 income was No Spend Months! They may seem a little crazy, but you can accomplish anything in 30 days if you set your mind to it! No Spend Months are great for resetting your finances after a splurge or really just focusing in on what you already have. The last year of 2017 has been a bit of a cheat week for me because my roommate came home from her military training for Christmas break. I haven’t exactly stuck to my budget, but I also budgeted to splurge (All in cash). Does that mean I’m not breaking the budget? I am making January a no spend month for me, but you can definitely do it any month out of the year. I will probably have multiple throughout 2018 and beyond. Whether your goal is to not spend for one week, a month, or even a whole year, you have to be realistic about your goals. Everyone has to set their own rules for a no spend month. The best thing you can do for your goals is to prepare for obstacles that might come up throughout your no spend time. Here are 5 things to do to prepare for a No Spend Challenge: 1. Set your goal. When setting your goal, really think about why you want to do this challenge. Is it because you know you have been spending too much? Or maybe you have too much stuff in the house already and you are going to focus on getting rid of stuff and not bringing more in. Another great goal is to pay off the rest of a debt. If you are super close on one of your snowball accounts, maybe the whole point is to really focus on getting that student loan/credit card/car loan gone! When preparing for your no spend month, make a list of the things that you hope to get out of this month. I don’t recommend your…

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Debt Free Journey Reports

November Debt Free Journey Report

  My Story If you have been following my story at all, you probably know my story. If not I tell my story at the beginning of every monthly report for those who just stumbled upon my blog. I gain different followers every month and I don’t want anyone to feel blind as they find my posts! If you have read my story, feel free to skip ahead to my monthly report. I tell this story so I am not just some stranger, but instead someone who just might inspire each and every reader to follow the same journey! My name is Elyse. I am 22 (almost 23!) single with no kids and I am proudly on my way to being completely debt freeeee. I never really thought of myself as someone who was in debt. With no credit cards and no car payment, I was not the average American.  All I had was a few student loans. It wasn’t until a few weeks before my 22nd birthday that I got a loan for a Jeep and my very first credit card. I should say credit card(s). For the month of December, I thought it was so cool that I finally had a credit card. I was excited over it actually. I was learning about all the different rewards I could cash in and it was fantastic. Even though I had never needed a credit card, I was determined that I needed them then. I had racked up a pretty decent amount of money on my credit cards and started picking up waitressing shifts to get it cleared. While I have never paid interest on my credit cards, I have definitely gotten close. Towards the end of the month, I was cleaning off a bookshelf, getting ready to move (again), and found The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness. This $15 book completely changed my life path at the time. Dave describes being debt free as such a rewarding and achievable thing. In his book, he says it will take work and it will be hard,…

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Budget Tips, Money

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

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. Here are my 7 steps to start paying off your debt: 1) Read Total Money Makeover You can start your journey without this step. I actually tried it a few times before without actually reading the book. But let me tell you, once I read the entire book in just a few days, I was hooked. I couldn’t get…

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Blogging

How To Make Money Blogging

I have struggled with making money from my blog, but I am slowly figuring it out! I absolutely love blogging and it is so much fun to watch it grow. Check out these tips for make a little side money from your blog!

I have been blogging for a while now and I am slowly figuring out the keys to making a little money on my blog! I am not an expert, but as I am sharing as I learn. Making money was my goal in the beginning of this blog. I am working on paying off all of my debts. Any extra money that I make from this blog goes straight to my debts that I am paying off. I know that this seems like such a crazy idea, but it actually works, if you do. You can actually make money even with pretty low viewers. While I am writing this, I only have about 40-50 viewers a day on my blog and I am still making some money! CRAZY! I actually got up to 210 in one day this week! That was cool for me, but I am on the road to hopefully getting to the point where that is more of a constant. As I build my blog and help people build theirs, so many people have asked me how you can possibly make money on a blog. Let me tell you, it can be easy, but it is also super complicated until you get the hang of it. I recommend taking one course on blogging, but don’t get too caught up in the details. If you love it and you keep writing, eventually the income will follow. Do what you love. Teach what you love Here is my of how to make money from a blog: Being consistent. I didn’t actually start making money until I dedicated at least 20-30 minutes a day to my blog. I have spent a lot of months pretty scattered. Posts would publish whenever I got the chance or whenever I was truly inspired by something, not regularly. Some months I didn’t post at all other than my Debt Free Journey Reports. I let those months go to waste because I wasn’t being on purpose with my business. I wasn’t actually working on it, so I wasn’t making money. The more consistent you are,…

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Holidays, Money

4 Ways to Save Money on 4th Of July

4th of July is one of my favorite holidays, but it can break the budget before it even starts. Here are 4 ways to save money on the 4th of July!

I absolutely love the 4th of July! In fact, I don’t know a lot of people who don’t like it. It summarizes everything that I love about America. Friends and family coming together to eat some great grilled food and drink some beer while lighting stuff on fire or blowing it up. What about that statement is there not to love? As a child, I have a ton of memories of blowing up McDonald’s toys or plastic army guys. It was a blast, but as a child I never worried about the amount of money I was setting on fire. Literally. As I get older, blowing up fireworks has become a lot less fun. I usually join in on the fun for a little while, but it isn’t necessarily as fun as it was as a child. Anyone else agree? This year, I decided not to spend money on fireworks, but instead enjoy the fireworks of others. As I continue through the 7th month of my Debt Free Journey, it just wasn’t in my budget this year. I have spent most of my weekend reading some great books and working on some writing. I plan to spend a few days by my apartment pool and enjoy the local flea market on the morning of the 4th.

Debt Free Journey Reports

May’s Debt Free Journey Report

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! My Story If you have been following my story at all, you probably know that I tell my story at the beginning of every monthly report for those who just stumbled upon my blog. If you have read my story, feel free to skip ahead to my monthly report. I tell this story so I am not just some stranger, but instead someone who just might inspire each and every reader to follow the same journey! My name is Elyse. I am 22, single with no kids and I am proudly on my way to being completely debt freeeee. I never really thought of myself as someone who was in debt. With no credit cards and no car payment, I was not the average American.  All I had was a few student loans. It wasn’t until a few weeks before my 22nd birthday that I got a loan for a Jeep and my very first credit card. I should say credit card(S). For the month of December, I thought it was so cool that I finally had a credit card. I was excited over it actually. I was learning about all the different rewards I could cash in and it was fantastic. Towards the end of the month, I was cleaning off a bookshelf, getting ready to move (again), and found The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness. This $14 book completely changed my life path at the time. Dave describes being debt free as such a rewarding and achievable thing. In his book, he says it will take work and it will be hard, but it will be worth it. He has been right. There have been days were I have completely questioned my sanity. I sometimes wonder why I don’t just make minimum payments forever like everyone else. “Sometimes, you have to like like NO ONE…

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