Happy 4th of July!
I’ve decided to go back to making semi-monthly payments. Waiting an entire month to see my balance drop was feeling excruciatingly slow. I think this way will keep me more motivated.
Expenses are going up
Fireworks aren’t the only thing going up these days. I have higher expenses. Two years ago, my enjoyment of Independence Day was clouded by a rent increase, initially of a lot, although later it ended up being less. Well, I got the news that my rent is going up again, so I will now pay $550 per month for my little room. My roommates’ rents are increasing by the same amount as well for their rooms. I’m still not complaining as my rent remains below market rate.
In my last post, I challenged the rising interest rates to come at me, and now they are. Just got a notice that my interest rate will be going up by an additional 0.20% starting this month. Whatever. I’m not stressing out. Interest may have speed, but I have endurance.
My spending is going up
The biggest money pit in my budget has been food. I know I’ve been overspending for a while, but I was afraid to look.
Look at that $940!!! Ugh!
Where did I get the $260 to cover the overspend? My Opportunity Fund. Sigh. It’s taken a beating so far this year. On my To Do list is finding a way to spend less on food.
Financial Independence Day
My hopes are going up. With my balance dropping, this time of year is also inspiring me to think about my own financial independence day, which is currently November 15, 2019. That’s the day I’ll make my last student loan payment. After that? Freedom!!!! And some seriously bad dancing!
(List of links to all DDSW posts)