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Wednesday, June 20, 2007

A little about me!

I used to spends tons of money all the time. I never thought twice about swipping my ATM card everywhere I went. I would withdraw $100 there $300 here plus use my card on all kinds of purchases. I vowed never to use a credit card except for emergencies but I was always coming up short every month. I was in the negative and I didn't even have that many bills. My savings account had about $200 in it. I began thinking, I've been working since I was 16 years old. I am now 27 years old and all I have to show for it is $200?!

So for my new years resolution, 2007 I decided to be completely debt free and cut out all the unnessary purchases I make. I began by going through my entire bank statement line by line and seeing where all my money was going. One of my biggest weaknesses was Target. I banned that store immediately and have not gone there, except when I got a gift card for my birthday.

It's been 6 months! I paid off my credit card and lowered all my monthly bills. I carry only cash and only use it as needed. When it's gone, it's gone. I've decluttered my apartment and sell as much stuff as I can. I no longer buy stuff just because. I've joined the grocery game and cut my food expenses. I no longer go shopping, I go to garage sales. When I'm bored I sell on ebay. So far I've saved $4500 this year and I am always looking for new ways to save more. I will keep you posted every month on how I'm saving.

I have fallen off the frugal track a few times this past couple of months and am looking for motivation and reinforcement in myself by writting this blog. I hope you enjoy it and share your tips and success with me!

2 comments:

j2r said...

seems like you're doing a really good job so far.

Keep the motivation up. If not for you, for your son. By being responsible, you're teaching your son to be responsible as well, so when he grows up, he'll have an advantage over others.

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