Ok, personal finance peeps. It’s a new year and we’re all looking for ways to have a great 2014. A measly 8 months ago I thought I was living month-to-month, paycheck-to-paycheck. Then I tracked my spending for a month and was astonished and disgusted. I was wasting SOOOOOO much money. Since, I’ve put a budget together and have been able to stick to it, give or take some unexpected expenses. I went from paying $650 a month on student loans to $850. Then, with an increase in income I went from $850 to $1,000.
When I sat down and looked out the projections for my student loan pay-out, I was dismayed. I would come up waaaaay short if I stuck to $1k a month. I needed to not only find extra income to make additional payments, but I needed to make more of a monthly commitment as well. I decided to find a way to put another $100 a month towards my student loans. I’m not sure if I can pull it off, but I thought I was living paycheck-to-paycheck twice already, so why not raise the bar again!
I welcome YOU to join me in my “Cut a Benjamin” challenge. Cut $100 out of your monthly budget. However you want to do it! Get creative! For me, it’s going to be focusing on maximizing my grocery/food money while being careful with unnecessary costs. Here’s my plan!