Real Talk:
- I had to ask myself where in the entire heck was my money going? I wasn’t making a ton of money but I wasn\’t living paycheck to paycheck either. My husband I remember sat us down & made each of us review our spending & begin tracking everything. Once we realized we spent a lot of money on things that didn\’t serve us like brunching & weekend outings 3x a week we drastically cut back.
- After a recollection of info, I created a zero-based budget assigning every dollar a task. This worked amazing as I previously began couponing allowing less money spent on groceries, more family meal planning time. We feel more mindful of our spending on take out & weekend activities, & revised our emergency funds & savings rates.
- Straight out of the hood, dang these two things helped us become ruthless to things or activites that did not add value and spent more time on the things we really care about. Financial independence, traveling & having space to myself. We cut way down on eating out & hosted many more kickbacks at our home, bought a firestick already jail broken and gave plenty of hand made gifts.
- I then focused on increasing my retirement accounts. Two years ago was the 1st time I contribute the full $6k max to my Roth IRA. It made a huge differene with my employers 125% match to my 6% :). Boosted my net worth something sexy.
- I also decided last year to stop focusing so much on being debt free. Originally my goal was to pay off all my student loans and be debt free by 30, but then I realized that wasn’t the only thing that matters to me. I care about building wealth for generations to come. In 2020, my defining moment was finding myself sleeping on my friends, being homeless, I decided to stop paying on my student loans & throw the extra funds into my investing.
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