If I Was a Finacial Advisor…

If I was a finacial advisor I would advise the following:

1. Take a look at your monthly payments.  For example, are you paying for the following: car insurace, car payments, health insurance, phone bill, phone insurance, rent, gym membership, pet insurance, netflix, etc etc… When calculating this, don’t add any of your debts to the list (no credit cards etc). I actually pay for everything on this list and added altogether it comes to a grand total of $1,165. Not bad. 

2. Work out how you will pay your bills.  If you get a check monthly this will be easy for you than it is for me.  If it is the same every month it’ll be even easier.  If it is the same all you need to do is take away the total of the money you need for bills from your check.  What do you have left? Save that amount for later steps. If the amount you make changes every month, figure out a minimum income you think you make and take your bills away from that amount. Money left? Save for later steps. Finally, if you make money daily/weekly/biweekly, like me, you’ll have to figure out how much of each increment you want to put back for bills.  For example, My biweekly check I take a 168 and put into bills. I then estimate my daily tip average/minimum to about 50 a work shift. So to make up the remainder of my bills I put 200 a week of tips back. Thats 4 working shifts a week.  

3.What to do with the extra cash? Now it’s time to look at what debts you need to pay. Grab some envelopes and write down each one.  Examples: credit card, borrowed money, debt collector stuff etc. Put on each envolope the amount you need to save to pay it off. Put your envolopes in priority order. Say to yourself that you will use half of the extra cash you make and put it into the envolopes until they are paid off. The other half of the extra cash is for what ever you want. If you are really knuckling down then you could put 100% into savings but don’t forget you need gas, food etc so make sure you are taking care of yourself too!

Obviously things arent as easy as what I wrote but if you have any questions that I can maybe help with let me know. I am not a professional but with money I am pretty on it haha. 

Peace out, yo.

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Vacations and Money

I guess I’m finally realizing the amount of things I’ve said yes to this year… to say the least, I’m terrified and excited at the same time. 

Not only do my boyfriend and i have 3 vacations being planned, but we are also going to 3 weddings.  Im pretty certain there will be small random camping trips in the midst of this year too. 

Where am I going? What am I doing?

As of now we have 3 weddings, all in different places but thankfully 2 of them are near by.  My best friend is coming from England and meeting us in Florida for her wedding! Pretty damn exciting to be able to see another one of my besties tie the knott. 

The vacation parts are obviously Florida, Arizona and possibly the Yosemite. If you have tried to book the Yosemite before you should know how difficult it is, so not only are we dealing with money saving but also trying to book the damn sites. My other bestie from England is joining us for that trip too which is awesome. 

I’m scared because I always feel like I’m catching up on myself for savings and money related stuff, so to literally put a 3rd away of all my income towards vacations and weddings is a scary thought.  

Right now I’m on a money saving mission.  I refuse to go out with friends because I’m usually the one who pays (100% my fault). This has actually benefited on my diet too. I’ve also knuckled down on spending money on stupid stuff from wallmart. Bad habits. 

Today is actually my payday and I’m excited because 100% of my paycheck goes towards either a bill, or savings account.  You may remember that I’m a server too so my tips get given to me on a daily, which also, unless I have something I’m in desperate need of (usually food related or gas money), ill put all of that money away too.

As of now, for some of you this will sound miniscule, but I have put away 100 in each of my savings accounts.  This is before my paycheck today too. It really does make me feel great to be saving.  I often just log into my bank on my app just to look and be proud of myself.  Weird I  know.  

I really wanted my posts to benefit people in a positive way and would really like some feedback on what I should talk about and if theres anything that sounds interesting to you that you need more info on. So please don’t hesitate to comment, message or contact me and I will be happy to help!

Peace out, yo.

Financial Happiness.

The picture has nothing to do with my blog… it’s just that I’m writing this in my bath haha. 

I am getting straight into this one, because I find it highly important to embrace your financial situation. 

No matter what your job is, do it with pride and do it well. 

Growing up was different for me than it was for everyone else. This is because I am me, and you are you. Everyone has had a completely different upbringing and most of you should be accepting and thankful. 

I grew up not having a lot, but having a lot. Huh? What? I’m serious though, I didn’t really have the finacial status with my mum to be buying fancy clothes etc, but I had a great financial situation with my dad overseas which helped me get the necessary stuff I needed to grow up.  Mainly school stuff like laptops, books etc. We had enough funds to afford a roof, a car, food and gas. At that time, it was plenty enough.  

Then I began working, immediately appreciating the money I recieved.  Honestly, probably wasting the majority the first couple pay checks, but after I definitely looked after it.  When I discovered a regular income I set myself up for success, organizing my money as it came it.  I managed to move out, pay my own bills and have a great social life at 18. 

I love that I am good with money and although I put myself down ALOT about my savings and get stressed when things pop up that I can’t really afford, I am proud of myself.  

Today was a good day money wise.  I got paid, which is always good, and had enough to start my savings up again.  My bank is great and lets me open mini accounts within my main one. I can then distribute my money into these accounts. As of right now, I have a ‘bills’, ’emergency’, ‘vacation’, ‘house’ and ‘retire’. All my money goes into my checking and that’s when I move it into these accounts.  My car payment and credit card are also done through this bank so it’s super easy to do my transfers too!

As a server it is difficult to depend on tips for your financial figures.  One thing I like to do is imagine the lowest I could possibly get that day and when I get more I save it! For example, as of right now I have split up my bills so that 165 of my check (which happens twice a month) goes in and 200 a week from tips goes in.  This means I need 50 bucks a day in tips to be able to afford my monthly bills. Anything extra I make goes towards savings accounts. As of now I am using the rest of my pay checks towards the house, retire and emergency accounts and using the remaining tips to pay off my credit card and eventually save for my vacations. 

Its probably super confusing to read that, its very hard to explain writing it down. The reason I am telling you this, is that maybe you can , if you are strugglingwith finances, use it to help yourself! All you need to do is designate all your money to one place. It would be even easier if I knew how much I was definitely getting every month.

Prioritize aswell people! I said no to a lot of things this week that I knew would cost me a tonne. I want fun vacations and I wont let people convince me to spend money I don’t need to!

Anyway, stay strong people. If you want to do something, then do it.  The only person holding you back is yourself. 

Peace out, yo.