Background: …I mean pay off my small credit card debt racked up this month on hair and clothes (but I feel fabulous!). And then stay out of debt.
I have been blessed in so many ones but one of the greatest gifts ever given to me by my parents is no student-loan debt. I stayed in-state for my undergrad which made university financially feasible with the support of my parents. And of course, in grad school, you get paid oodles of money to GO to school! Yay! No really, I have been really lucky in this regard and though my car is 11 years old (it’s paid for!), I have no permanent roots of my own (no mortgage!) and no savings (the experience of living in new cities every few years does come at a cost), I don’t have any real financial obligations - except to my clothes habit. See below.
Status: Current credit card debt includes an airfare that will be reimbursed to me in October…the rest of the balance is less than $300. And rent is drastically reduced from here on out…again got lucky in many ways (though my Dad always says that luck is when opportunity meets preparedness).
Plan of Action (POA): Pay off my credit card. Live at home for a month to save on rent. Go over my budget spreadsheet with my Mom and ask for her help. Maybe try those mason jars of cash like they use on the TLC show “Till debt do us part”? Draft a savings plan. And critically, stop buying fantastic new clothes that are on sale (may I just say for the record, that I went nearly two years without splurging on clothes before I started doing that these past few months?). Hit up the dollar store and Ikea more (did you know that Ikea has wickedly inexpensive food and $1 frozen yogurts?!?).
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