The #1 thing that you all told me you wanted more of on the reader survey were stories from people who are in the process of doing a Spending Fast so, you guessed it… your wish is my command! I added a new category called Spending Fasters so you can find all the Spending Fast (and Spending Diet!) stories in one place!
And, with that, I would like to introduce, Jennifer, who will be sharing her Spending Fast story with you as she goes. The ups, downs, struggles, successes… all of it. I hope you enjoy following along, and that you find motivation and encouragement in these posts to see that getting out of debt crazy fast is totally possible! And, maybe, you will find that you want to change your life and become a Spending Faster too!
Also, while the site is primarily read by women I’d love to include a male Spending Faster’s experience through and out of debt. If you’re a dude and interested in sharing your story send me an email: firstname.lastname@example.org – Anna
Hi all! My name is Jennifer and I just turned the BIG 3-0 last month! If that’s not a birthday to make you think about where you’re at in life, I don’t know which is! I made the decision to take out a mortgage for a house almost a year ago, here in Florida. Currently, I have a roommate and three dogs living with me. I make a living as a Production Artist at a publication company.
My total debt is 16,027.84 not including my mortgage. This what makes up my debt: I have $4,584.95 (started as 6,000) in credit card debt that I racked up in college by not living within my means. (I was paying my bills with a job I had but I was living off credit cards. It’s been following me around since 2010. I don’t even want to think about how much money I have wasted on interest!) I also have a car loan of 11,442.89.
My goals for the Spending Fast are to, first, save an emergency fund of $1,000 (this differs from what Anna did btw); pay off my credit cards and my car loan. The last few years I have gotten better with my spending habits, but it’s turned into a sort of yo-yo effect of doing good and then erasing the good by doing bad. The time has come to just get it done and I need your help to keep me held accountable throughout this process. With your help, the support of my friends and family, and a boyfriend who is on board, I can’t think of a better time to do the Spending Fast, than now. I want to not only pay off my debt but have a substantial nest egg for me to be able to have more freedom and time in my daily life to do something I really enjoy, whatever that may be.
You know the drill, so here is the breakdown…
My Wants and Needs List:
- Food with in a set ‘food budget’ of $100 per week ($15.00/day)
- Yoga Classes (I hate the gym and opt for special deals when possible)
- Car Payment, Gas and Insurance
- Internet/Cable/Netflix (shopping around for a cheap internet plan)
- Contacts/Eye Exams (thinking about switching to glasses for a while)
- Dog Supplies
My dad has graciously added a cell phone line onto his plan to save me $$
- Starbucks (this is a HUGE BAD habit of mine)
- Clothes and Shoes (Make DO and MEND)
- Decorative House Stuff and Furniture
- Online Shopping
- Unnecessary food and drink splurges going outside the allotted food allowance
Has anyone been able to find Internet only for cheaper than the typical cable with Internet package? It seems getting Internet only is just as expensive as the combo pack. Wish me luck! – Jenn
P.S. Ready to get out of debt ASAP? Check out the Spending Fast Bootcamp!