April 24, 2019

Ep24: HY$YD Six Month Update 💸💸

14 minutes

This week marks the point where I’ve been doing this show for 6 months. It also represents 6 months of me paying more attention to my financial health than I ever have. That attention has come in the form of:

Doing a deep dive into where my money was going

Greatly reducing my discretionary spending

Took on a few challenges around frugality and cooking/eating at home

Set up systems to make sure I can’t deviate from the plan

New goals!

3-month goal – July 2019

Goal 1: Replenish my emergency fund to $1000

Goal 2 is more of a challenge for myself: I’m going to call each of my credit card companies and ask them to lower my interest rate. I make my payments on time and think that the exercise would be a good one to do since the worse they can say is no.

6-month goal – October 2019

Goal 1: To have at least $1000 paid off on my highest interest rate card

Goal 2: Fund my emergency fund to $2000

Some of the tools that I’m using:

Google Spreadsheets

Catch – for squirreling away withholding taxes and paying into retirement (referral bonus!

Referral bonus! “Every time someone creates a plan with your referral link and contributes $10 you’ll both receive a bonus toward Time Off.” If you’d like to try Catch, we both benefit! Sign up here

Simple – the bank that I use for tracking and saving goals

Follow HY$YD or send us questions/feedback

Twitter: @howyouspend

Instagram: @howyouspend

Web: howyouspendyourdays.com

...more