Let’s do it. Let’s talk about the one thing that everyone wants & can’t seem to ever have enough of… money. I am going to be completely & 100% honest in these financial goal posts because it’s time to be real with not just you guys, but with myself.
I’ll be 28 in less than 8 weeks & I have zero $ in my savings. Not because I had to spend it on something, but because I have incredibly poor money managing skills & I never made saving money a priority in my life. I have been able to rely on my parents for a handful of things in which I have been so, so fortunate. But – I’m about to be 28! It’s time for me to wake up & take responsibility for my actions & create some financial goals that are actually going to work for me.. and will hopefully one day lead me to some sort of secure feeling when it comes to money.
I was introduced to a company called Earnest and their 2017 Money Saving Challenge at the perfect time. I’ve included a few personal financial goals for myself which is included into this awesome graphic that is separated into each quarter of the year.
How awesome is this?!
I am officially intrigued. And so motivated to make changes for myself. I’m going to make this a quarterly series & give myself these specific financial challenges each month! Making these goals for yourself.. or even taking some of these ideas & creating your own is so important for future financial security. Whether it’s saving up for a big trip or saving up to buy a house.. your finances are important. And who has those pesky student loans still out there?! That’s a significant amount of debt for most people. I’m not done with school yet, but once I am done & graduated in 2019 – I’ll be like the rest of America.. trying hard to pay off their student loans. Earnest was actually created to support graduates with services to refinance student loans to lower monthly payments and thousands of dollars off your debt.
Let’s focus on the first quarter of the Money Saving Challenge:
For January, the challenge is to split your holiday bonus into thirds. My employer doesn’t give holiday bonuses, so this challenge actually won’t work. So I’m going to give myself my own challenge – I’m going to make a grocery budget. I’m planning on taking the average I’ve spent on groceries in the last 3 months & start with that.
February I challenged myself to NO DUNKIN or STARBUCKS. Anyone who knows me know that I visit Dunkin Donuts 6 days a week. But, it’s time to stop. I spend entirely too much money there.
In March I’m going to do my own “Cash Confessional” post for you guys! I’m going to outline my spending during a typical week & show ya’ll my current expenses.
I hope you all enjoy this series & can get something out of it. Bottom line, money is important! Money surely isn’t everything, but it does help if you have your finances in order. Anyone want to join me on this challenge?! I can’t wait to report back as the year goes on!