Budget Tips, Money

13 Tips to Stay Motivated on a Budget

I have heard so many people say that they have created a budget, but after it's done, they don't know how to stay motivated to stick to it! Here are 13 tips to staying motivated on a budget!

  “I Just Don’t Want To….” has been my motto a few different times while paying off my debt. I am going to call it the seasons changing as well as life just happening. Let me tell you, being in your early 20’s on this journey has been TOUGH..  When you spend 2 years paying off debt, you are likely to have highs and lows. Life happens and it is easy to get side tracked by all of the things going on in other people’s lives when you are trying to stick to a budget. Budgeting gets harder and harder when you aren’t able to keep up with normal life events, let alone extra things. I recently asked my Instagram “what do you need help with when it comes to budgeting?” I would say one of my top answers was “motivation”. That hit me pretty hard since that seems to be one of the things that I have been struggling with the most lately. Let me make this clear first, if you are miserable on your budget, CHANGE IT. Budgeting is not meant to make you miserable. If you find yourself not motivated to stay on budget, it might not be you. It might be your budget. Budgeting is NOT meant to punish you. If done correctly, you should be budgeting so you can say YES to things you want to and no to the things that aren’t necessary. BUDGETING DOES NOT MEAN THAT YOU AREN’T ALLOWED TO HAVE FUN!! So if you are consistently finding that you are breaking the budget, it’s time to evaluate what is wrong with your budget. But, if you are just in a valley and having a hard time sticking with it. You might just need a little tool to stay motivated. “How do you stay motivated to stay on budget?” 1. Weekly/Pay Period Budgeting I don’t know how many people I have seen that post their budget at the beginning of the month, but by day four, they have completely blown it. “Maybe next month,” they say.  You do not have the willpower…

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Budget Tips, Millennial Stuff

Budgeting Doesn’t Mean NO Fun Allowed

So many times when I start talking about budget, I can see people roll their eyes in the back of their heads. I get the response, "But I want to have fun!" Budgeting doesn't have to mean that you don't get to have fun. It means that you get to plan for fun and for your future. Find out the four things that budgeting can mean for you!

  I have been budgeting for the last two years consistently. Budgeting isn’t something that I would say is a ton of fun unless you are a huge nerd. (Like me.) I am slightly obsessive about my budget. But I know that not everyone has the desire to track everything that closely. I asked what people’s first thought was when it came to a budget. So many people said that to them, a budget mean restrictions, only buying what you need, cutting out fun, or simply STRESS.  When I talk to people about having a budget, the usual response I get is “I know I need to be better with my money, but I just like having fun too much.” or “I prefer to just have fun and see what happens.” I don’t care how much money you make (or don’t make), if you don’t have a written budget of some kind, you are NEVER going to hit your financial goals unless someone else manages your money for you. If you associate a budget with having zero fun this post might just be for you. I still remember when I first started budgeting consistently. In 2017, I was living with 2 other girls and we ALWAYS had Sunday girl’s nights. I never once stopped budgeting for them while we were living together. Instead, I just started putting money aside for it so I knew that the money was there. We started doing more budget friendly items, but didn’t stop having girl’s night until we moved. In the past two years, I have budgeted and worked my way out of debt and into working 3 days a week. I am getting ready to buy a house with less stress, but I have had a ton of fun memories along the way! A budget DOESN’T mean that you can’t have fun. Here is what it does instead.   1. Tells you that you have enough money to cover your bills When you are first setting up your budget, you might be a little overwhelmed at all of the things that you pay…

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Baby Step Three, Budget Tips

5 Things I am Adding Back Into The Budget in Baby Step Three

When I started my debt free journey, I cut a lot of things out of my budget. Now that I am done with baby step two, I am adding a few things into my budget! Check out these 5 things that I will spend money on again!

  When I first started budgeting, I was clueless as to where my money was going. I was spending money on pretty much anything and everything that I wanted, when I wanted to spend it. Restaurants, pedicures, clothes, makeup, food, and so many other things stole my money before I even had the chance to think about where it was going. Originally, I thought “I am paying in cash, so it could be worse. I could be putting it all on a credit card.” I was unknowingly throwing $1,500 out the door every month! But when I realized that I had no money going towards savings or any of my goals, I knew it was time to get a budget down on paper. I started budgeting and putting money towards my goals. This was when I started my debt free journey.  During baby step two, I cut out a lot of things from my budget. It was key to me paying off $15,000 in the first 12 months of my debt free journey. Cutting things from my budget was one of the big ways that I was able to pay off debt. A while back, I wrote a blog post on the things that I do still “waste” money on. A lot of those things are the things that people usually add back into the budget during baby step three. Things I am adding Back into the Budget in Baby Step Three: Coffee Shops I am excited to add coffee back into the budget. While I didn’t totally cut it out of the budget, I only gave myself coffee money a few times over my debt free journey. If I did get coffee, I used discounts, rewards programs, or gift cards. I used Ibotta to get free cash back on my grocery purchases and cashed them out for coffee gift cards! In the last two years, I have probably spent less than $50 of my own money on coffees. Now, during baby step three, I plan to add $25 a month back into my budget for coffee stops. I love…

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Budget Tips

How I Went On a 2 Day Vacation for $130

Sometimes a mini vacation is exactly what you need to feel refreshed and ready to work again! A weekend getaway is the PERFECT way to do this, but it doesn't have to be expensive! Here are a few tips for how I did it for $130

  As I wrote most of this blog post, I was sitting in a cabin in the middle of no where. I wrote most of this the week before I was debt free, while I was on vacation. Crazy, it sounds, but I did actually take vacation the week leading up to me being debt free. It. Was. Wonderful. Work offered me paid time off, which is quite unheard of as a bartender in the U.S., but since I got it, I thought I would take advantage of it.  Getting that paycheck is also actually one of the things that was going to help me hit my debt free sooner because I took my paid time off for days that I usually have off anyway (one tiny perk of working in a restaurant that is open 364 days of the year) After the holiday season at a restaurant in a mall, I knew that I needed to get away. I needed to escape from reality a little bit, so that is exactly what I did. A friend and I rented a cabin at a state park just 30 minutes away from my home. We packed up groceries, books, wine, and blankets and headed to the cabin. We spent 2 days sitting by a fireplace with our phones off, reading, writing, snacking, and napping. To the old traveler in me, this is exactly the opposite of a vacation that I used to take. Before starting this journey, in 2016, I took a 5 day vacation and traveled into six states and two national parks. In five days, I saw multiple people and slept somewhere different ever night. I LOVED this type of vacation, but it was an extremely expensive five days. I knew that I couldn’t do that after being on a pretty strict budget for the last two years. My vacation breakdown: Cabins for 2 nights: $175 Aldi Food we brought with: $50 Food we went to get: $15 Gas to get there: $20 Park permit: $30. (I didn’t include this into my total cost because it is something we…

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Debt Free Journey Reports

2018 Debt Free Journey Report

2018 was an amazing year for me! I put $18,200 towards my student loans and I will be debt free a few months into 2019!

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! I want everyone to know where I started to help encourage them. My name is Elyse. I am 24, single with no kids and I am proudly on my way to being completely debt free. 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. Everyone has student loans, so it never really crossed my mind that I was in debt. 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 2016, 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. I was excited about all of my new things, until my student loan bill came due. I had officially…

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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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Millennial Stuff

5 Steps to Setting Realistic, Attainable Goals and Crushing Them

How easy is it to set goals and then totally forget about them! Check out this guest blog post from Daily New Year's Blogger, Austin for 5 steps to creating those realistic, attainable goals!

Hey Readers! I want to introduce to you, Austin, the blogger at the Daily New Year! I was super excited when he was up for doing a guest post for my website! Check out his tips for setting goals and totally crushing them! If you are also interested in working with me, check out my page about working with me!    I’m what I like to call a “goal getter.” I love setting goals, tracking my progress, achieving new things in life, and I love seeing others do the same. That’s why I’m so impressed with what Elyse is doing with The Savvy Sagittarius blog and her #debtfreeat23 campaign. It’s incredible to see her progress week after week and month after month. She has total focus and discipline. Goal setting is a passion of mine, and it’s one I want to share with the world. If you’re reading this post, maybe you’re new to setting goals, or you’ve never set a goal before. Or perhaps you feel a sense of disdain for goal setting due to a setback or failure you experienced earlier in your life. That’s okay! I’ve met and talked to people at a variety of different stages in their personal development journey. If you’re still with me, I hope it’s because you want to set some goals of your own, and that’s awesome! I want to help you crush them! Are you ready? Here we go!   1. Write Down Your Goals and WHY You Want to Achieve Them. I don’t want to bore you with stats, but writing your goals down makes you 42% more likely to achieve them. When I first sat down to write out my goals, I tried to think about my life in the long term. That’s what Elyse is doing on her About page:    “After everything is paid off, I plan on buying a house and raising a few goats and a few puppies. I can’t wait to live a life full of adventure after I have no payments.” Before she set out to be debt free on January 1st, 2017,…

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Debt Free Journey Reports

September 2018 Debt Free Progress 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 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). 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 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, but it…

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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, Money

The Ultimate Guide to Emergency Funds

Pretty much everyone knows that they need an "emergency fund," but where do you even start? Here is the what, where, how much, and how to emergency savings!

When I first started paying off debt, I didn’t want an emergency fund. I wanted to jump straight into paying off debt instead! “Emergencies never happen to me, so why do I need one.”  That mindset is totally wrong, because as soon as you don’t have your emergency fund, you will need it. I am so thankful that I have maintained my savings throughout the journey because I know that I would have needed it. Having a little rainy day fund can be the most important part of getting started on changing your finances for the better. It can also give you a sense of security when your checking account is looking a little low from a large debt payment. In fact, having an emergency fund was one of the biggest things that I credit with allowing me to pay off $15,000 in 2017. At that point in my journey, I was only making about $35,000 a year, but still managed to knock out $15,000 in car payments and student loans.. Let’s start with the very basics. I will caution you with this, if you share finances with someone, this is a topic that both of you should figure out before making any long term financial decisions. What is an Emergency Fund? An emergency fund is really exactly what it sounds like. Extra savings put aside in case of an emergency. Before you start throwing excess money at your debt, it is a great idea to have money in savings to work as a buffer in case something were to happen. If you are following Dave Ramsey’s Plan, he recommends starting with a “baby emergency fund” and then moving into a “fully funded emergency fund” once you have paid off all of your debts. Whether you are following Mr. Ramsey or not, having a little money set aside, just in case is an important step no matter what you are planning to do after that! What is Included as an “Emergency?” This is totally up to you (and your partner if you share a budget with someone else.) Things that…

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