Budget Tips, Money

The Perfect Budgeting System For A Server Income

I have been a server/bartender for over 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 a part of 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 drastically 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! 1) You Need A Reason/Goal I truly believe that when doing anything in life, there has to be a goal. While saving money in general is a good reason to start budgeting, you need a reason to say no to yourself for drinks after…

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Money, No Spend Month Tips

5 Rules To Make the Most of My No Spend Month!

Have you ever looked at your spending and questioned why you even needed certain things? Why do I spend so much money on food/ clothing/supplements/contacts or really just anything in general? I have started looking at my budget and questioning whether I really need to spend money on some things. I don’t honestly buy clothing very often, but usually when I do it’s pretty costly. Other bloggers plan for a no spend month to reset their budget and get back on track. So much reading has gone into the planning for this month, but I am excited.  I am currently planning a No Spend Month for April. April 2018 will actually be my 4th No Spend Month! I have had great success with them so far and I hope to keep chugging along! It is exactly what it sounds like. I won’t be spending any money during April. My budget for April is going to be strictly bills, a little for some groceries and gas.  I am not planning to put any money in any of my “extra” funds. During the month of April, I am working full time for the military as well as at Applebee’s 4 days a week. I am extremely excited about the money that will be coming in during the month of April so I decided that I wasn’t going to spend money on anything I didn’t need to. Having the military income will be such a nice addition, which makes it the perfect month to lock down and not spend any money. Usually, having this much extra income, I would be excited to be able to buy a few extra things that I have been wanting to get, but instead, I am going to really focus on sending every extra penny towards my debt payments! As always, I have audacious goals. My goal is to pay off a total of $3,000 in debt during the month of April. This is about 2 times what I have been paying off on a good month so far. I have been averaging about $1,200-2000 on good month…

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Money

6 Reasons I Still Waste Money On My Gym Membership

Gym memberships are the biggest fought over piece of financial advice. I have done a ton of reading from other financial blogs and almost EVERY single one of them says to get rid of your gym membership. If you landed here, I am sure that you have also read a ton of financial advice that says that is the first thing you should cancel. I talked about my debt free journey, but my gym is not something I will cut to get there! Overall, it is probably one of the things that people do waste money on, but if you use your gym membership, DO NOT cancel it! As much as I complain about it, the gym is like my second home sometimes. Getting there is the hardest part of working out, but once I am there, I can easily lose track of time . Even if I am not great at it, I try my hardest to maintain my health. I want to stay healthy for many years to come. It even topped the list for my 14 things that I Waste Money On. 1) Exercise is the #1 Under Used Stress Reliever After a really long day at work, I have found myself in the gym. Lifting or running can be a great distraction and a huge stress reliever. Working out also releases chemicals in the brain that cause a person to de-stress. I am not going to sugar coat it, I am almost always stressing about something. Whether it be boys, my future job, my military career and where it is going, or a roommate situation, there is almost always something to stress about. When I am waiting for a boy to call, I go to the gym instead of sitting around. I have started lifting in the past few months and I actually really enjoy it. In high school, I used to run as a stress reliever. I would just lace up my shoes and take off with my Ipod. . That may be because when I was in high school, every little stress meant the…

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Budget Tips, Money

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.

In 2016, 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. Check out my updated debt numbers!