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Baby steps instead of massive leaps

April 29th, 2011 at 03:57 pm

I think trying to do a no spend week was too much for me. Especially this early in my "financial journey." I think the smarter idea would be to lower the number of spend days rather than eliminate them all. Spending is obviously a stress reliever and time waster for me, which is a problem. But at least I realize it.

I've made some headway on debt payments, but not the strides that I wanted. I guess I'm still trying to line out a budget that works and allows more room for debt payments and savings. But I've learned so much in this past month from this blog. So grateful for awesome blogs and bloggers. Smile

Updates on numbers (Original---Current)

Credit Card 1: $798.26---$773.83
Credit Card 2: $595.13---$580.76
Credit Card 3: $288.65---$269.20
Student Loan: $4113.59---$4061.62

Total: $5795.63---$5685.41
____________________________

Current Savings: $1500.00---$2795.09
Retirement Plan: $116.00---$283.00

Posted in Budgeting, Debt, Personal Finance, Saving Money | 3 Comments »

3 Responses to “Baby steps instead of massive leaps”

  1. Ima saver Says:
    April 29th, 2011 at 06:20 pm 1304101203
    1304101203

    You are doing very well.

  2. Jerry Says:
    April 29th, 2011 at 08:39 pm 1304109557
    1304109557

    Maybe trying for some no-spend DAYS would be a good place to start, to offer you some easier-to-manage goals as insurance that it can be done. Once you have accomplished that, then it can lead to longer period of time. Don't worry, you will get there!
    Jerry

  3. crazyliblady Says:
    April 30th, 2011 at 03:20 am 1304133626
    1304133626

    When you feel tempted to spend money on something that is not a need, think about the number of hours you need to actually buy that thing. That really helps me think to myself whether the thing is worth it. It almost compels me to save more or put more towards the credit card. I agree with Jerry. Start small and reward yourself with something small that you like once in awhile that is not too costly. Also, if you do want to buy a pricey item, start a savings account just for it. You might find you can save up enough for it in a short time and not add to your credit card debt.

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