One Day, One Bill, One Check at a Time

So how does it work? How do you pay things off, travel, save a little bit, and still have fun?

First, I put 20% automatic to a savings account 10% from two of my checking accounts. This money does not get touched unless it is going to a retirement account, IRA of sorts, or to the 403b that I get from my company.

Second, as previously mentioned I have two checking accounts. One for paying my bills such as rent, car payment, utilities, and I set up a way to put money aside to pay for insurance but that will come later. The other checking account goes to paying off the other bills like utilities, groceries, gasoline, and all the other stuff in my life that fluctuates. I have set 30% of the second account to go to stuff like this. The remainder I set aside for fun like small trips, Disneyland, donating to something that I believe in, and a good chunk goes to one student loan after another.

My student loans are in forbearance at the moment and I am also apart of the forgiveness program because I work for non-profits and a school district. This is an interesting way to do it since majority of my student loans were waved because the online universities charged too much and I could not use the degree for anything I was able to be part of a law-suite to pay  a large portion of my student loans off.

The money that I was paying to one bill or loan will then go to the smallest bill that I have. This has worked wonderfully since paying off three credit cards and almost 3,000 (I know it’s not much but I don’t make all that much either though 😉 ).  I will post next month as to how this is going and how long it should take to pay off my car as well.

Until next time,

Safe travels and journeys through life.

 

One Day One Bill at a Time

Since I have written this TONS has changed in my life:

  1. I only have one job now and I get paid once a month (OUCH)
  2. I don’t do the Virtual Assisting any more because I realized that it just wasn’t me.
  3. I am now working being a Child Advocate because this is what I am passionate about at the moment.
  4. I am starting to work with young women to help them realize that traveling and experiencing life is so much more meaningful than just studying it in books or reading about it in a magazine.
  5. I am also considering Uber.

Other things that have changed in my life are:

  1. I pay rent $500 USD/mo (I know it’s not much but it’s more than free)
  2. I have a care payment $300 per month
  3. I have paid off $4000 in credit card debt
  4. I am working on getting half or more of my student loans waved because the universities did not do as they promised.
  5. I am using Digit and hopefully it will help me save some money.
  6. The use of coupons and using what I have stored up has helped tremendously
  7. Working for the school district saves me 10% when I shop at Goodwill so that will help

All I know is that this will be a wonderful journey!