How to Treat Yo’ Self without Tanking Yo’ Budget

I had a rough week last week, guys. I’m temporarily working three part time jobs on top of my full time job instead of my usual two. The house is a mess. I’ve been having some health issues. I’m missing friends from out of state. On Friday, all I wanted to do was go shopping. Treat yo’ self, right?

I made a deal with myself as I waited for the bus after work. If the B came first, I’d just go home. If the D came, the bus that took me to my beloved TJ Maxx and Marshall’s, than it was meant to be. I’d go shopping.

The B came first.

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Gigs, Side Hustles, Second Jobs: The Millennial Way

Let’s get one thing straight: I would LOVE to have one job, then come home and sit on my butt. Juggling multiple jobs in the “gig economy” isn’t fun. But working additional jobs for supplemental income is becoming more and more common and can help you reach savings/debt-paying goals faster. I’m not going to talk about ways to make it big, like creating an app or becoming a landlord, because those often require significant time and start-up cash. We’ll start small, and we’re going to work with whatever time you have available.

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1 in 6 Millennials has $100,000 in Savings

I’m popping in mid-week as a departure from regular programming to talk about a new Bank of America survey, which I read about in USA Today, showing millennials are doing better than a lot of people (including me!) think.

According to the study, 16% of millennials (now age 23-37) have at least $100,000 in savings. The number was just 8% in 2015. 47% of millennials have a minimum of $15,000 in their bank account.

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What to Cut When You Don’t Go to Starbucks

If I had a dollar for every time I saw, “If you just cut out your daily latte, you could do XYZ!” I could actually afford a daily latte instead of filling up my cute reusable mug at home every day.

Who are these people buying daily Starbucks? I don’t know anyone who does this. If you do this and you are looking for ways to save money, please start there, but I have a lot of trouble believing someone’s throwing $5 at Starbucks every day and honestly wondering where their money’s flying off to. It’s an absurd stereotype and I hate seeing it as the #1 “How to Cut Back” advice.

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a piece of paper with the four areas of budgeting: income, non-variable non-discretionary spending, variable non-discretionary spending, variable discretionary spending

Budgeting Part 2: Put it together and what’ve you got…

I’m not sure if putting all this together is quite as easy as Bibbidi Boppidi Boo, but I do think this second part is easier than the first.

Now that you’ve got all your expenses averaged and categorized, we’re going to do a little of that adding and subtracting I told you about last time.

First, add up your income.

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Budgeting Part 1: Let’s start at the very beginning…

a very good place to start. When we read we begin with A, B, C. When you take control of your finances you begin with bud-get-ing!

Please forgive me, Goddess Julie Andrews, for butchering the song you made so famous.

I love budgeting, and it really is deceptively simple. You’re not doing any more complicated math than you were in kindergarten. While many prefer tech-y ways like YNAB or Mint, I make mine old-school: on paper.

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a deck, freshly painted chocolate brown

Millennial Money: What is it, and how can we make it?

We were in front of our new home. I had run back inside for something– scissors, probably. We’re always losing scissors. But my husband was standing out front, telling our well-intentioned but incredibly nosy neighbor about our plans to repaint the deck.

“Of course you can do that,” she said, laughing. “Making that millennial money!”

When he told me about it afterward, I couldn’t stop laughing. Millennial money? Is that like Monopoly Money? In that, you know, it’s not real?

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