The One Where I Disclose My Student Loan (and other) Debts ….

*** disclaimer if you are someone who is sick of hearing about my financial journey, don’t want to hear about white girl money problems or just don’t care about this stuff – this post isn’t for you

I am gonna be honest with you living within my means actually kind of sucks.

Truly it does.

I never really lived outside my means – but I certainly didn’t think about the financial ramifications of my adventures abroad or the financial cost of post secondary while I took out loans and didn’t work my way through school.

It wasn’t until my mid to late thirties that I actually looked at my financial situation and thought “oh fuck, I am in some serious trouble!”  but the panic – that was some time a few years later –  maybe 4 years ago-ish. I started to notice that while I was paying my bills it wasn’t actually doing me any good. No progress was happening. Some of them had such a high interest rate that my payments weren’t really doing any good. I was barely paying the interest. I wasn’t paying down the body of the loan at all. Not only that – in some instances it was like I was throwing money away. Thousands of dollars.

I honestly wondered how it was even legal. I also realized that the more of a mess your finances become – the harder it is to claw yourself out. I know that sounds like a no brainer – but I legit mean the part where you start to get penalties for late payments and the non sufficient funds charges – the non stop calling for collection agencies and all the other stuff that make you feel like you are drowning in a super bad situation.  No one will give you credit to consolidate and no one can help you. I remember a time when Dell used to call me 15 times a day. There was a time that Royal Bank charged me so many NSF charges and then added interest on that that I was negative $900 in my bank account and I didn’t have over draft.

I started to read a lot of financial books, listen to podcasts and realized that I needed to do something different.  Drastically different. I really needed to take a handle on my money situation and somehow figure out a game plan where I wasn’t going to live the rest of my life in a mediocre, stressed about money, never having any fun kind of way. I also realized that marrying rich was probably not going to be an option.

I got myself into this mess, I sure as shit need to get myself out.

The financial snow ball.

When I started flying and my income changed is when I really started to make strategic moves and financial decisions. For the first time in a long time I could see a financial plan coming together. Early on I sat down and made a full repayment plan for my debts. It was a 3 year plan but something that I could feasibly do and I felt confident in my success. I actually started to budget and pay my bills first. Telling your money where to go before it disappears was better for me than – doing what I wanted and then trying to pay bills with the rest.  I had to let my stocks vest an entire year, an entire year of putting 20% of my income in a fund (that got matched dollar for dollar) that I couldn’t touch no matter how hard it got. An entire year it took me to get used to living on less – all for financial wellness and debt repayment. I am not gonna lie it hasn’t been easy but I toughed it out  – I sacrificed my social life to live off of less.

Want to know feeling low ?? Feeling low is being almost 40, single, barely making minimum wage and trying to claw yourself out of 60K worth of debt. All while putting 20% of that income away.  Feeling low is seeing all your friends use their travel benefits while you eat ramen noodles complaining that you can’t lose weight. Feeling like none of the education you thought you needed is getting you were you need to go. Feeling completely and totally worthless because you work so hard and a treat of a Cancun overnight financially derails you because you cant afford to eat food on the road. Feel that – that is low.

The debt.

(This hurts but) here is an honest look at what I owe. I feel like to some it isn’t much, to me it is almost crippling the amount of stress that paying this causes me. After I pay off my bills there isn’t really that much left to feed myself, fuel my car and do everything else you need to do in a month. Social times, clothing, prescriptions and any incidentals come from the pool of $150-200 every two weeks.

I have rounded up some of these numbers just to make for easy math but here we go – the actually debt in point form in no particular order :

  • Back taxes owing to the government of Canada because I wasn’t getting taxed properly at my side hustle (in 2017) Owing $2500
  • Alberta Student Loans – I took this loan out in 2003-06. I have probably paid at least double what was originally. Currently owing $2500
  • Nova Scotia Student Loans – I took this loan out in 2012-15. In collection with the GOC, in good standing, am no longer being charged interest. They collect a set amount from my bank account every month. Owing $6500
  • Canada Student loans (Federal Loan) – HOT FUCKING MESS. This loan is in collections with the GOC.  It is a combination of amount owing from 03-06 and 12-15. They want me to pay $925/ month. We have made an agreement that I can pay $200 because of my current monthly income. I can barely afford that $200. I often miss this payment. I am now at a point that when I miss payments the cost is garnished wages. That $200 barely covers the interest that is accruing at $5.19/day. The only way to get it out of collections is to put $4000 on the loan. As of today owing $35000
  • Car Loan – I couldn’t afford to buy a car out right so I needed to get a car loan. It is 12% interest. It is what it is – this car saved my life. Owing $7500 (in case you are wondering I owe more than the car is worth so selling it currently is not at option even though I have thought about it – but also with all the trips to the airport I do need a car)
  • Credit cards. I have one. It is maxed. amount owing $2000

 

Financial Decisions that I made that have helped my snowball.

This summer I found a new insurance company. That saved me almost $1500/year on my car insurance. So instead of paying $108 every two weeks. I am paying $138 per month.

I pulled out some stocks in July to help me catch up when I got behind on my bills. Which actually helped me stay on track, make payments on time and not get to back logged on my bills.

I paid the first debt in my snowball off. I currently no longer owe money to the government for back taxes.

When my company rolled over the way we get paid to twice a month instead of every other Friday. I read the emails, I prepared and I changed all my monthly payments to line up with this new structure.

I got a second job so I get 4 paychecks a month.

I have recognized that I needed to restructure my snowball because if I can pay off something that frees up more money a month – I will actually have more money to pay off bills. So I restructured the order of my debt repayments. Learning the best way to tackle things and changing my plans to be more effective – just straight up financial badassery!

I started meal planning and prepping and actually paying attention to what I bring in my lunch bag so I have less food waste.

I took the summer off from drinking on the road – just to get my shit together and it was worth it. I am pretty sure Umbrella drinks in Puerto Vallarta are going to be extra delicious this winter with all my planning and financial success.

One of the biggest and best things I have learn this last year of financial badassery – that I can only focus on one big life goal at a time. If I try and take on to many things nothing gets done. So while I would love to be focusing all my energy on my fitness or on writing or podcasting or other things – my biggest goal and where all my attention goes is taking care of this mountain of debt and paying things off – one by one.

 

So, there you have it friends – an open and honest conversation about dealing with financial fuckery and some of the things I did to get myself on track. I know that I am not alone – so lets discuss some of your financial badassery …. go on, tell me something good!

xoxo,

C

 

 

 

The One Where I Talk About Debt Fatigue and What I Am Doing About It.

 

 

Debt fatigue occurs when a debtor becomes overwhelmed by the amount of debt incurred and the seeming futility of the debt repayment process, and it may result in a debtor giving up on making loan payments and beginning to overspend again.

This is for real and my life. DEBT FATIGUE. As of April 2019, I am feeling some serious debt fatigue. I have a few weeks of holidays right now. When I bid for these holidays, I actually had thought I was going to be in Asia for a few weeks. I am not in Asia – I am sitting on my friends couch hanging out with her cat listening to podcasts and writing this blog. I am not in Asia because I don’t have money to be in Asia. Since shit went down in my life in Montreal I have been very careful with my spending and hyper focused on paying off my debt. But the reality of focusing on paying off debt is that I have been feeling the debt fatigue for awhile.

The thing is I am not even sure if it is debt fatigue or if I am just not making enough money.

In the past I have made some really bad financial decisions. I bought into the student loan thing for a university degree then I bought into it again for a college diploma – and now I am working a full time job that I am not sure I even need post secondary for … I am now looking for a second job that is so far removed from either of those things just so that I can pay off students loans for a degree and a diploma that I am not using in the conventional sense.

About every 6 months debt fatigue happens to me. Everything goes to shit. I stop paying my bills, break free and do something financially stupid. Go on a trip or spend my entire payday on shit that I don’t need. Or just stop paying my bills. It gets so damn exhausting paying bills and putting everything towards my debt. I then feel guilty and spend like 6 months recovering from the financial mistakes that I made. The thing is sometimes it feels like I am not even making a dent in my overwhelming amount of student loans.

I have written about side hustles in the past. I have had 2 jobs many times in my life – I have no aversion to hard work, but I promised myself I wouldn’t work two jobs when I started flying. But after almost 2 years I think I am looking to restore a little bit of balance into my life. See I invest 20% of my payday, every payday into stocks. I am building a nest egg to pay off my loans – but that is leaving me with not so much money when its all said and done. – not so much for right now money. So, I end up flying more, then I am gone more and the cycle just keeps repeating itself. I need to be home a bit more and the only way I can do that is if I make money from another source. And here we are May 2019.

It is Wednesday night, May 1st and I am listening to Dave Ramsey and trying to refocus my priorities. I do realize that this might mean doing things that I don’t want to do. Manifesting debt reduction is happening. My plan is in place. I just need to keep pushing myself. It has come to my realization that I need to use my free time to make some more money – it doesn’t matter what it is just need to put cash in my bank account.

So what do I do about the debt fatigue??

• Stop, Breathe, Relax, Put my wallet and credit card away.
• Start applying for second jobs and ways that I can bring in extra income.
• Only drink free coffee on the airplane, drink free coffee in the hotel room, stop buying coffee out – goodbye Starbucks for a little while (yes, the latte affect)!
• Think about it, write about it, put my stress onto paper instead of on my waist line or my bank account.
• Look at the money growing in my stocks and see the nest egg I am building that is making it all worth it!!
• Remind myself how cool thrifting is and how wicked it is for the planet and how lucky I am that I have a uniform job, so I don’t need to invest in work suits and clothing that I would never wear in real life.
• Make a new budget that is more attainable.
• Talk money with my friends see what they are doing – how are they making ends meet?
• Realize I am not alone but also realize that everyone’s journey is different.
• Remind myself that future me will thank present me for getting a second job and getting my shit together!
• Breathe in some lavender and relax!
• Budget into my spending that this will probable happen again in 6 months time and plan for it, because making a financial plan to work through expected debt fatigue is probable the smartest thing I can do.

Have any tips for me on dealing with debt fatigue? I would love to hear them!

Is there a price tag on your freedom?

There is a lot swirling in my head today. I mean  – a lot. It’s like have a million tabs open and being so excited to dive into all of them but I can’t pay attention long enough to read a full article and I just keep opening new tabs. That’s how I feel today.

I slept in this morning; not on purpose. I have been finding it happening a lot lately. I’m losing interest in my job. I have also lost my gusto to work somewhere that I feel under appreciated. I’m exhausted. I work a lot, therefore I am tired a lot, but also I take on a lot of projects because I just feel like I need to create something. I am determined to create something. I am determined to have more. I do not have to let my past life define my current life.

I think it is super important to talk about freedom. Because right now, in my current life, I feel like I don’t have a lot of it. I feel like I am somewhat trapped in a place that I don’t really want to be. And, I just have a hard time accepting things because it is  something I am “supposed” to do.  I have never felt that in my life. I mean you don’t end up half way around the world camped out in a hostel without really living outside the box a bit.  Recently though, I discovered that there is a price tag on freedom. See a good friend of mine recently moved back to Korea. And while I realize that I could do that too, I also realized that my life wouldn’t be the same if I moved to Korea. It wouldn’t be the same because there is a price tag on my freedom. That prices tag is around $42,000.00 give or take a few dollars.

It is a huge burden. And, its holding me back. I have other friends in my life that moved abroad to teach and  obsessively talk about paying off there loans. I don’t know any one that successfully paid off there loans while living abroad teaching. (if you are one of those people – holla below!)  I knew it would never happen making minimum wage. And I know first hand 3 jobs can be a bit of a demon. Two is soul sucking enough and not really a long, long term plan.

I know nothing comes easy, there is no quick fix to all of this drama. There is no such thing as the 4 hour work week. we need to hustle – but I think it might be about picking the right hustle. Just for a moment in my adult life I want to feel what it is like I have some financial freedom?

Do you feel like there is a price tag on your freedom? How much is it?

What are you doing to change it?

 

Money Diaries. #1

Sometimes money runs through my fingers like sand in a sieve … you know how it goes – it’s like all your shoes wear out in the same month. You need new (or new to you) clothing and everything (perceptions, glasses, shirts, bras – life stuff) all at the same impossible time. It is incredible frustrating. I read all sorts of how to handle your money but sometimes I think those articles are meant for people that maintain a certain level of affluence. I think it is called the latte something something

It has been awhile since we talked about money. The reality for me is that money sucks. Actually gracefully accepting my place in the financial scale makes it easier for me to figure out what I need to do to move forward. As you might know I took a few weeks off of Starbucks in April because I needed a break. I needed to push pause for a minute and catch my breath; align my expectations of myself and figure out what I want to do next.

Taking time off means less money – my budget has gone to shit. I stopped tracking my money. It is the same concept as weight watchers – you gotta track your bites or you don’t lose the weight. I need to track my spending or shit goes crazy.  And, Friends, shit has gone crazy. I need to plan my spending or things get out of control right quick. Some days I wonder if I will ever see the end to my student loan nightmare. The truth is I got tired of it and got distracted because it’s hard to build a life on no dollars.

So in financial news aka pending expenses: I got hit with an amount owing on my income tax. A couple of traffic violations and I need to update my address on my license and insurance. My wisdom teeth will be costing anything my insurance doesn’t cover. I need new glasses, contacts and an eye exam and last but not least I am getting another laser treatment this week on my tattoo. I am mega excited for getting a new tattoo for my birthday this coming December that will cover the spot I am lasering. So I will not make any of my targets for paying off my Alberta student loan any time soon. Gah. I step forward – 3 steps back. I have been good with my no buy with the exceptions of things I really needed.

My 3 big lessons are:

  1. Budget like a motherfucker.
  2. Track your Gawddamn Spending.
  3. Take Control.

In other news that affects my finances. I am trying to brush up on my English grammar because I am thinking about taking my CELTA so I can teach English in Canada.  And then replace Starbucks with teaching. This will cost money but likely make me more money in the long run (also allow me to consider a bit of a Bali teaching situation that has been on the bucket list for years). I am looking for higher paying full time jobs – albeit not that hard. August is my two year work-aversary … so perfect timing. Change is in the air but sadly this time not in my hair.

Anyway – the reason I write this out is in the hopes that you will take a step back  from your financial situation and realize that we all struggle with finances. It’s expensive as fuck to live in the Western world. People have debt and the truth is – none of it is good and the only way out is to plan it out, pay it off and show yourself some love. I have thought about selling everything and moving abroad again but I’m not there yet.

So with that friends, happy saving, happy spending and thankfully it is almost nice enough for picnics and strolls in the parks.

Good vibes,

C

Income Tax.

Guys, Gals, Friends ….

I have a confession to make. I am one of those people that get secretly excited about doing my taxes. I don’t know what it is. It is like it is the massive math puzzle that I must put together and the better I get at it the more money I get back. I am not even joking.

THE SEASON IS AMONG US!!!

The t-4’s are rolling in, the tax credits for student loans, this year I might be able to claim some things I did for a tiny house conference I was trying to build. But it is here, the joyous time when the day comes I spend plugging numbers and making magic happen. I already updated my tax software. I am ready to go. I am excited to get into my tax folders and find all the things I can write off, all the receipts I can use to claim. It’s like Christmas for the mathematically inclined.

I must say – I am a bit of a math wiz. I mean, I do do a lot of stuff with numbers (building plans and all) during the day, my mental math ability is pretty strong. And if any of you know anything about the Multiple Intelligence Theory – I am totally a logic type. Even my Meyers Briggs test puts me in the high percentile for mathematics and logic.

Anyway – this years taxes are going to be exciting and challenging because there is a new category for me with my growing attempts at small business. I am pretty excited.  You never know what you are going to get.

Are you a tax type person? or do you run over to H&R block or wherever to get someone to do them for you? Are they so complicated with all your side projects that it is not worth the personal trouble?

Do you hate tax season?

Comment below – tell me your feels about tax season.

Like, Subscribe.

Lets talk about it,

xoxo

C

What’s the actual cost?

Financial Literacy.

What – the actual – fuck?!

Do any of you even believe this phrase is a regular part of my vocabulary these days? Are you financially literate? Do your bill payments, car payment or mortgages own you? Or have you taken control and showed that ass who is boss? What the fuck does this phrase even mean?

Well Peoples, I had no clue what it meant to be financial literate so I googled the shit out of it. I figure since the actual truth is most of us are pretty goddamn illiterate when it comes to money we should learn a few things about of my journey to kick my student loans to the curb.

See here is the thing – I have had lots of conversations recently about money. People are offering me suggestions, people are telling me what works for them, people have just straight up told me they can’t budget because they don’t make enough money so there is no money to budget, I even had some tell me that their bank or credit card lists all the transaction so there was no need to really look at the spending.

____________________________________________________________

“Financial literacy is having the knowledge, skills and confidence to make responsible financial decisions. Knowledge refers to an understanding of personal and broader financial matters. Skills refer to the ability to apply that financial knowledge in everyday life.”

_____________________________________________________________

There are a lot of resources online. The government of Canada has an entire section of there website dedicated to it. I mean there is also banks, financial advisors and I am sure we all know people that are killing it with their finances. I will openly admit that I have been a HUGE spender over the years, mostly on plane tickets and travel. But none the less spending money on things and not paying more than the minimum payment on my bills. I don’t regret it. I just want to focus on different things now.

So lets look at a couple basic things that you really need to be honest with yourself about:

Budgeting: This is a big one for me. I would always get my paydays, pay my bills and spend the rest on crap I don’t need. I make enough money to cover my costs so I just went with it.  For a few weeks now I have been writing down everything that goes in and out of my bank accounts and I am excited to see how much more money I can dedicate to paying off my loans. Your bank statements and credit card statements are probably not an accurate enough picture of where you are spending if you are wanting to cut cost and corners where you can. If you want to improve the numbers, you need to get real with the numbers. Even the daily coffee habits, iTunes purchases and everything in between.

Student Loans: Everyone says that this is “good” debt and that you shouldn’t worry about it. Debt is debt. You still need to pay this shit off. Taking a closer look at student loans you can see a low interest rate but for me it is on a large amount. So let say on my Canada Loans alone (not counting Alberta & Nova Scotia) – that loan is accruing interest at $4/day. That is costing me about $1460 extra/year times 10 years – now I am paying an extra $14600 on that loan alone. Guys, I could get a great vacation with that, a round-the-world plane ticket, a nice deposit on my dreamy container-ship home  – you get my point. What are the interests rate on you loans? Have you really taken a look? is a 15 year repayment plan really worth it?

Car Loans: The interest on my car loan is even higher than my student loans. I needed a car. I also had to factor in I had zero budget for repairs and I have no one to borrow from if something were to happen to my car. So I bought a used car, that had 5000kms on it when I bought it. And it still had some factory warranty. It is fuel efficient and in my price range. My point, are you driving an affordable vehicle? I have been told that if you can’t buy it out right you shouldn’t be driving it. I get that. Not possible for me.

Credit Cards: These are a holy hell of nasty. I know. I have a balance on my credit card (don’t worry it’s in my budget to pay off) but credit card interest rates are anywhere from 19-33% depending on the card. You really should not be spending on this if you can’t pay it in full at the end of every month. On time. Leave that shit at home. It is not money to be spent. It is a high interest loan that fools you into easy money.

If you want to get serious about paying off some bills, you need to be brutally honest with yourself about your spending habits.

You need to be honest about where you can cut corners and what can work for you. I knew I was bringing in enough to be paying my bills I just really needed to restructure how I was spending. I think it is incredibly important to have realistic goals, a budget that allows for treats, clothes and weekends away. If you don’t budget with a vengeance you will experience debt fatigue and ain’t nobody got time for that.

Have you taken a look at what you are spending your money on? or how much interest you are paying? What is motivating you get get real with your money?

xoxo,

C

 

Hustlin’

I picked up an extra shift today and while I normally don’t work Saturdays I am working tonight and this song is in my head:

 

Everyday I’m hustling. Because every day I do – expect Saturdays, when I sleep.

It is no secret that I have 2 jobs. 1 full time job working as a CAD monkey making floorplans for trade show company here in Edmonton and one part time side hustle with the siren at Starbucks. I work anywhere from 53-60 hours a week. This depends on the week, my level of exhaustion and my ability to work with the public (cuz let’s be real yo, lots of bitches be drinking skinny vanilla lattes!). Sometimes I find the more busy I am the more shit I accomplish. And, there is a lot of truth to the simple reality that if you are always at work its hard to spend your money. I am lucky that there are some super duper cool people at both my jobs and that the jobs work well for scheduling my life.

___________________________________________________________________

The secret to surviving while working this much & to staying human: I take the same one day off, every week and do not work! That is my Carol day. It is needed and earned and Jesus fuck a girl needs her sleep, and to get shit done, be social and just be.

___________________________________________________________________

Pros & Cons of the Starbucks Side hustle:

  • if I want extra hours I can usually get them at my store or from any other Starbucks in the Edmonton area
  • Usually it is easy to get rid of a shift or book off time if I am feeling like I need a normal weekend (by that I mean 2 days) or I need a break
  • My income from that job varies but is anywhere from $400 – $1000/month working anywhere from 12-20 hrs a week!
  • I have worked on and off for Starbucks from a long time, it’s routine, it’s easy and – hell moonlighting as a Barista gives you lots of opportunity to meet pretty interesting people
  • Sometimes I get super exhausted and Friday night is literally me, tea and documentaries if I can actually stay awake long enough to get through it
  • The perk of 1lb of free coffee or one box of tea every friggin’ week!
  • Pretty decent employee discount when I want new go cups for my ever growing collection AND partner shopping days
  • Working with young people keeps me young
  • Two jobs can be soul sucking because you are working or you are sleeping
  • It eats up social time, gym time, life time, dating time, finding a husband time etc
  • It eats up my writing time
  • People sometimes talk to you like you are a sack of shit and uneducated and stupid and it makes me want to scream in their face  because lets be real – you aren’t drinking Starbucks on the daily if you are on any kind of debt repayment plan – that shit is expensive!

I think there are tonnes of things you can do for a side hustle. It is my opinion that a second income stream is likely your best bet. I was reading on Budgets are Sexy yesterday an entire post about all the different things you can do as a side hustle. I have some research to do to get to the next level.

With that friends, it is Saturday early afternoon, I am drinking my coffee while I write this, I have eaten,  tindered, I washed and cleaned my kitchen is preparation for meal prepping tonight, I powered through writing this blog post, I just need to get dressed, get my myself funky and get myself to work.

That’s how we do it in my world – thank Zeus for free caffeine!

xoxo,

C

 

 

1 Step Back, 5 Steps Forward!

Confession: I had a slip up and bought things that I shouldn’t have …

Gawddamn!!

Here is what happened:

I made a budget. I schooled that bitch. I went super fucking old school and started writing everything I spend in this notebook (note: notebooks should be on my no-buy because I have a back stock of journals – that can be for a no-buy amendment). It is pretty detailed. By day, by receipt, a full week spread. At the end of the week it is totaled into categories so I can accurately track my spending. Last week I made a list of everything I pay for each month included bank fees, CraveTV etc  … It is everything,  everything that leaves my account – I went as indepth as I could and I actually adjusted it for a few days because I kept being reminded of things to add. Then I listed my paydays, 4 per month, the amount they are and then assigned certain bill payments to each pay day. Leaving me with x amount of money for food and entertainment. Pretty basic stuff. But I needed to make sure I have money for food, entertainment – random spending.

Anyway – Tuesday came. Payday #1 on the new plan. This pay period I had a couple of sick days, so it wasn’t a full payday. My work also didn’t pay me for a chunk of December so I got behind with some student loan payments. Already the budget is going to be tight because my payday is a bit less and I need to squeak in an extra National Student Loan payment (the big one).  I have to try and catch up so that when I go to apply for interest relief I get approved again. I digress. I paid all the bills aligned for this pay period. Most of my payday was eaten up. Right on track, right?! Then Tuesday night I had to go and run some errands including a doctor’s appointment. The clinic ended up being closed so I went onto my next errand. Lush. And, friends, this is where I came unglued. I went in for face lotion which I actually ran out of – it was on my errand list, buuuuuut 75$ later and a new body wash in tow I was headed to the bookstore. Thank fuck I stopped myself before a book buying bender. Then to top it all off last night when I was working we got this new pretty coral mug in stock and I was like – I must have it & I bought it. Jesus motherfucking Mary of spending breakdowns and its only week one … this shit is gonna be a challenge!

Truth, I can’t even make this self sabotage up!

I thought I would share my lessons here:

  1. I realize that when I work a lot sometimes I feel like I have earned things. Because I don’t go out that much I feel like I  am allowed to treat myself to other things. Mugs, lotions, thrifting, ebooks  … things. I need to get better at doing other things. Cue pinteresting a million list of things you can do that don’t cost money!
  2. Just because I slipped up doesn’t mean I have screwed myself over, this is a learning process and we all fuck up.
  3. I am thankful my freezer is full because my grocery budget is pretty tight for the next week. One slip up shouldn’t derail EVERYTHING in my budget.
  4. Always shop with a fucking list & only buy what is on the gawd damn list.
  5. I am going to need to continue to buy things I like from time to time because when I give myself a hard no, that’s when I fall off the bandwagon. It’s like when you tell yourself you’re on a diet then eat an entire container of cashew ice cream! New thought: I chose to spend my money on debt repayment.

 

How do you curb your spending? Tips or Tricks – let me know in the comments!

xoxo,

C

The No-Buy Rules.

It is getting real, Friends. I made a budget. It still has some generous vague spending areas but we all need to start somewhere. It is a work in progress.

_________________________________________________________

Note **  I foolishly thought I could discuss financial stuff with people. I have realized that some people are judgmental fucks and fail to appreciate others peoples success. I appreciate all of my friends and family and am incredibly excited for those that have seen heaps of financial success in their lives – I am even more proud of the people that started with less and ended up with more. Your success has blood, sweat and tears and is well deserved.  Go you! **

_________________________________________________________

I am super excited that I am following through on one of the many many many steps to personal financial success. In the spirit of trimming my expenses I have decided to make a NO-BUY official with rules and all. Mostly this serves as … accountability!

 The Rules:

Well the fact is there is really only one rule and it is don’t buy shit you don’t need but I feel like I need to write out all the pesky details so I have a point of reference.

  1. Shower Gels and Soap. I currently have 5 body washes open in my shower & 3 massive bars of soap under my sink. I think that should suffice for the better part of this year.
  2. Body Lotion. If you saw my post in Instagram on Sunday you know I got a stack of lotions to get through 8 or 9 if you count my purse and work desk.
  3. Makeup – unless I run out of a certain item then it can be replaced (ie; mascara & foundation or powder) ***just because I want to tighten up my budget does not mean I want to look like a haggard piece of shit all the time with gross skin and dirty hair. I will buy makeup when I run out.
  4. Tea or Coffee (since my part time job allows me a free lb of coffee or box of tea/week I am more than sorted here)
  5. Clothing. Unless by the grace of gawd I figure out this weight loss thing & need smaller clothes 🙂 Also unless it is something that I actually need.  Also shopping second hand for things that can be purchased second hand (Not related but have you watched “True Cost” – you should)
  6. Nail Polish. I love me some painted toe nails, all seasons, all the time.
  7. BOOKS (& magazines) – a) I should probably get a library card seeing as there is a EPL right across the street from my apartment & b) I have an entire library of books to read this year that are sitting on a shelf looking pretty in my home.
  8. eBooks from YouTubers – and I can also stop calling it research for my own eBook just stop buying things from YouTubers.

 

So there you have it, the first draft of the no-buy. This will likely change – if you have suggestions for this or things that you don’t buy anymore that I should consider for my list – leave me a note below!

xoxo,

C

 

debt debt debt debt debt debt debt debt

It is all consuming!

Student Loan debt.

It’s the bane of my existence.

Have you ever dumped “student loan repayment” or “student loan debt” into Google and seen all the personal bloggers talk about the enormous amounts of student loans that need a monster pay off.  It is crazy the amount of student loan debt that people carry. CRAZY! Some of those blogger around 100k … how does a school, government or country even allow this shit to happen?! It is appalling the price we pay for education which for a lot of people lands them a job teaching English in Asia trying to figure out a way to pay it all off. Or working multiple jobs trying to crush that debt so they can move on with their lives.

I am know different. I have had student loan debt since 2003 when I moved to Nova Scotia to finish my undergraduate degree. I then acquired more debt starting in 2012 when I moved to Alberta to do a diploma in hopes to find work in Canada that paid a decent salary.

Currently, 2017 …. I moved to Edmonton about 18 months ago with a seriously large amount of commercial debt (on top of student loan debt and with an addition of car loan debt). My biggest spiral that caused problems mostly came from NSF charges from my bank accounts. I wouldn’t be able to get a stop payment in or it wouldn’t be possible and then because my credit isn’t good enough for an overdraft I would spiral. Then all of the sudden I am living in a dire situation. Anyway – my point is. I moved to Edmonton, found some cheap housing and I fucking hustled. I paid down all that excess debt with the exception of my car and my student loans. I, like everyone else, experienced fatigue; working 2 jobs is soul sucking. I experienced debt fatigue; I booked some trips abroad to feed my soul. Fell back into a debt routine. But that large debt – it is still looming, 10 years after graduating with my degree and 2 years after SAIT and it is still holding me back.

So here I am on Blue Monday in January of 2017  – the most depressing day of the year – and realize I need to figure out a way to move forward with student loan repayments. So I am on the internet looking for ways I can make this the easiest, quickest, most painless way to get my debt paid down, and feel the freedom and a zero debt balance.

I think I need some accountability for debt repayment. I need a no buy. I need to put my foot down and move forward with full on annihilation of Student loans. So I am starting with asking you, the interwebs, for your best tips and tricks and how you did it? How did you power through 50K of student loan debt?