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Financial Check-in: My Debt 2015

January 19, 2016
AUTHOR: Emilie
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Two weeks ago, I got super honest about my financials when I shared my No-Spend January Challenge. Frankly, I got so much support from you all and I am immensely grateful for that support. I’m so excited to be joining in with my friend Stephanie from StephanieOrefice.net to cohost the Final Friday Finance Linkup. I cannot express how excited I am to be sharing more of my financial journey with you folks! I’ve been particularly inspired by the 1,000,000 Challenge! I’m so excited to be making real strides into my financial well-being this year! I’m really focused on debt-repayment, going on vacation before Casey deploys, and maybe a big, big-girl purchase of my own.

Before, I dive too far into the topic of today’s post, I’d like to share an update on how I’m doing in my No-Spend Challenge. I’ve spent money on four days.

  • January 3, 2016- $82.13
    • DayQuil- 9.74
    • Eggs- 3.25
    • Orange Juice- 1.39
    • Ruby on Rails (Programming) Workshop- 5
    • Entertainment- 50
  • January 4, 2016- $104
    • Coursera- Learning How to Learn Certification- 49
    • Deposit for new Gym- 55
  • January 5, 2016- $204.48
    • eBook (awesome deal that got 20% off)- 7.48
    • Flat Tire- 197
  • January 13, 2016- $23.90
    • Inkwell Press Planner Imperfect A5 Inserts- 23.90

Total Spent so far: $414.51

I meant to spend $0, except for groceries and gas. In that case, $14.38 (4.6%) of my expenses were justified. I didn’t have to spend any more on groceries this month since I stocked up on groceries in December when Casey was in town. I spent $49 on a Coursera Certification that I got really inspired to want, $7.48 on an ebook that I got 25% off, $5 on a Ruby on Rails Workshop, and $23.90 on the A5 Inserts from Inkwell Press from their Imperfect sale (hugely discounted!), so $85.38 (20.5%) was on Personal/Professional Development. I moved to a new gym and I had to put a last month’s deposit down, explaining $55 (13.3%). I pissed away $50 on, for lack of a better term, bullshit.

The big thing there, though, is that $197 (47.5%) for a new tire. Like, ugh. Don’t you hate when life hands that sort of crap to you? More on that later this month.

Granted, we’re only two weeks into the month, but I wanted to let you all know that I’m going to be doing a No Spend February, too! It’s a short month, so it should be easy!

 photo No Spend Challenge_zpsdwzu4jqc.jpg

On to the next part of my financial journey…

In the interest of transparency, I wanted to share my debt status with you. This can give you a more honest look at my financials. In Stephanie’s example, and since I’m going to be joining the Final Friday Finance Linkup, I’m going to be talking about my debt in terms of real numbers. So let’s just dive in, shall we?

Loans
ECSI (College Debt): 8686.00
Upstart (Starter-life Debt): 5860.96

Credit Cards
Southwest (Chase): 4576.42
Amazon (Chase): 1340.34
Discover: 864.00
Gold Delta Skymiles (AmEx): 801.21
Starwood Preferred Guest (AmEx): NONE

Combined Debt: 22,128.93

Don’t be too alarmed at my 20K in debt. It’s still much, much better than most millennials. Plus, except for a short blip in December (damn Christmas presents!), I’ve been making steady process on my debt repayment!  I look forward to sharing more of it as part of the linkup!

Any tips for paying down debt?!

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Emilie is a data engineer by day and lifestyle blogger by night. A Jersey girl at heart, she is currently living in her fifth home in three years, Savannah, GA with her college sweetheart. She’s learned the hard way that home is wherever the Army sends them. She enjoys eating food, cuddling with her dog, and binge watching HGTV.