Update: $22k Paid in 9 Months!!!
I’m back! Since my last post, I’ve been very regimented with my budget. Reduced my spending and started paying off a ton of stuff. Did a balance transfer with Discover in March of 2024 for my $13k in credit card debt, and as of today I only have $3,800 more to go. Also got a new job which had a nice signing bonus, so I paid off a student loan. CC balance will be paid off by the end of April (0% interest), and then I’m getting a $20k bonus in May. After taxes it’ll be around $11,800, which I’ll use to pay off my car. That will free up $1500 each month, which I’ll use to start funding an emergency savings and make extra student loan payments. I also want to start investing once my emergency fund is fully funded. I know my savings is alarming… I just had to pay $5k to move (first months rent, deposit, and a week of double rent to move) which basically drained me. But I will get it back up and prevail! Thank you everyone who pushed me 9 months ago. So much of it is behavioral. Once I changed my behavior, it got a lot easier. Still much work to be done, but I’m so proud of the progress I’ve made so far.
I’m back! Since my last post, I’ve been very regimented with my budget. Reduced my spending and started paying off a ton of stuff. Did a balance transfer with Discover in March of 2024 for my $13k in credit card debt, and as of today I only have $3,800 more to go. Also got a new job which had a nice signing bonus, so I paid off a student loan. CC balance will be paid off by the end of April (0% interest), and then I’m getting a $20k bonus in May. After taxes it’ll be around $11,800, which I’ll use to pay off my car. That will free up $1500 each month, which I’ll use to start funding an emergency savings and make extra student loan payments. I also want to start investing once my emergency fund is fully funded. I know my savings is alarming… I just had to pay $5k to move (first months rent, deposit, and a week of double rent to move) which basically drained me. But I will get it back up and prevail! Thank you everyone who pushed me 9 months ago. So much of it is behavioral. Once I changed my behavior, it got a lot easier. Still much work to be done, but I’m so proud of the progress I’ve made so far.