Home > Archive: July, 2023

Archive for July, 2023

Investing, Student Loans, the Story of My Life 🙄

August 1st, 2023 at 02:49 am

I’m slowly but surely getting my feet wet with investing. I’ve opened an IRA, not much, however, I contribute monthly so that I have funds to invest with. 


I only purchase stocks of those organizations that I’m loyal to, some pay dividends some don’t.  I can honestly say, that they’re (stocks) doing pretty good, even in these times. I am happy because I  feel like I made some good choices. I still have a lot to learn though. 


My best performing stocks is Walmart and Costco, my worst, Nike. Nike was also my first ever purchase. However, for the most part I’ve seen a positive gain over all. Sometimes I can kick myself because I hadn’t purchased more, especially of the Costco stock. 


I’m proud of myself for stepping out. I am way behind the eight ball and I’m looking forward to getting this student loan down, so that I’ll have more funds to invest. 


I’ve decided that for every $5k paid off on the student loan I’m going to increase my 401(k) contribution by 1%. I should have the loan at $30k by December. It sucks that the student loan interest is starting back up. For me it means I have to decrease my IRA contribution temporarily and throw the funds at the student loans. 


I’m not going to lie, it would have been a huge help had the loan forgiveness went through. I’m glad I kept paying when the interest rates were frozen. I wish I could get another year, lol but oh well. 


For me the ability to throw $2k or $5 at a time on my loan felt great. Now I have a payment of $319, I’m readjusting my budget so that I’m ready. I hope others are as well. 


Student Loans

July 31st, 2023 at 09:22 pm

Student loan payment kicks back up in October. I wish I was in a position to be much more aggressive with paying things off but hey, I got this thing down to just over $32,0000 when I was close to 90k, so I’m happy with that. I’ve been throwing extra when ever I can, sometimes the amount is as little as $8, by doing this for the month of July I paid $584 towards my student loans. 



My fence is falling apart so I had to get a replacement, HOA requires it. I was able to pay cash (half down) to get the job started. I also took the money out of my money market account and paid off my shutters and kitchen. It stung, to take $8k out but it’s better than paying interest on a CC, and I still have enough saved to cover my expenses for about 6-8 months. 


I feel like everything with the house is falling apart all at once. I had to replace my water heater, refrigerator, cabinets, and now the fence. 


I also decided to do something fun for myself once a quarter. I know I should throw at debt; however, I need these breaks. Good thing is, I’m able to pay cash. 


So basically I’m just bracing my self for the student loan payments to start back up. 




July 14th, 2023 at 09:48 am

I crunched the numbers and I realized with every pay check I’m saving about 45% of my income.

Though most of the savings go towards future expenses (e.g. mortgage, HOA, Christmas fund, vacation fund) I’m still saving.

I remember when there was a time when saving wasn’t an option for me. 

Though I beat myself up regularly, I'm my worst critic, I need to remind myself of where I've come from. It's been a long short journey. It felt as though I'd never see the day where my debts were low and cash was saved, yet it feels like I just started this journey. 

Back for Now

July 14th, 2023 at 01:48 am

One of my biggest weaknesses when it comes to my finances continuing on the right track. I get sidelined easily. 


I noticed when I’m not blogging, reading, watching, or listening about finances I accumulate debt. Shamefully I used my Home Depot, and BoA credit card to get some much-needed repairs for the house, and used my house savings. I do believe that I added more to the BoA CC, matter of fact I know I did. So I did the thing took the money from my long-term savings, $8000, and paid the card off.  


I also decided to start back blogging, reading, and basically staying engaged with my finances. I haven’t quite figured out my triggers. 


I am glad that I aggressively paid down my student loans,  I’m still paying on them not as aggressively, my salary slightly reduced but I’m back at it, paying just over $300 a month. 

I'll update my sidebar later. 


Back for now.