Introducing a New Spending Faster!

Jenn Davis Spending Fast andthenwesaved.com

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: hello@andthenwesaved.com – 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:

Needs

  • Mortgage
  • Utilities
  • 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 $$

Wants

  • Starbucks (this is a HUGE BAD habit of mine)
  • Clothes and Shoes (Make DO and MEND)
  • Decorative House Stuff and Furniture
  • Online Shopping
  • Tattoos
  • 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!

14 comments

14 thoughts on “Introducing a New Spending Faster!

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    1. Jennifer

      Kate, I had just got two tattoos right before I decided to do the Spending Fast. I have four total and want more but I made a promise to myself that I wouldn’t get anymore until I have paid off my debt.

      Reply
  1. Mrs. Frugalwoods

    Sounds like you have a solid plan in place! Regarding the yoga, I’m actually able to get free yoga classes at my local studio in exchange for working a shift at their front desk every week. It’s pretty simple and fun work, and, can’t beat free yoga! Might be something to look into at your studio. Good luck to you Jenn!

    Reply
    1. Jennifer

      Mrs. Frugalwoods(great name), usually I notice that at my yoga studio the instructors are at the front desk before class begins, but it never hurts to ask! I did notice that there’s a closer studio by my house that has a really good new student special but I’m so comfortable at my current studio, I haven’t taken advantage of it yet.

      Reply
  2. Sarah

    Might I recommend getting rid of cable? (BLASPHEMY I KNOW) I’ve found that Netflix gets me by, and unless it’s bundled and basic, that cable probably costs you quite a bit. Also those commercials probably aren’t going to help with those urges to spend spend spend!

    Just my 2 cents :)

    Reply
    1. Jennifer

      Sarah, I have thought about getting rid of cable, I even opted for a internet/phone($90) but when I got the first bill, after taxes it was almost as much as having the cable/internet combo pack($120), so I just switched to that. I don’t even watch the tv I have, only Netflix. Do you know of a plan for internet thats cheaper than $100?

      Reply
      1. Brigid

        Time Warner has cheap deals for internet when you first sign up. We only have internet and it is $48 a month. Check them out. Or here is another idea. Call your internet/cable provider and tell them that you want to keep their services but that you can no longer afford it at the current price and ask for a cheaper rate. Oftentimes they will reduce your rate if you just ask them. It has worked for me with Time Warner in the past. Worth just asking.

        Reply
  3. Athena

    Welcome to the spending fast Jennifer! I am excited to see where it leads you! Also, check Cox. I am going to be getting high speed internet for $65 because low speeds drive me crazy. No cable for me though.

    Reply
    1. Jennifer

      Athena, Cox isn’t in my area, but I did see that EarthLink is. Has anyone had experience with them and could rate their service? Also, does anyone know what minimum speed I would need to run Netflix?

      Reply
  4. Erika

    Hi Jennifer,
    Not sure if you still need advice on the cable — but I actually have AT&T internet for only $47 a month, and I’ve had it for almost 3 years now. The key is talk to them on the phone and negotiate a lower price. They will put you on 1 year contracts and increase the amount of your plan after the year, so it is important to call them before the year is up, and make sure it stays at the current (lower) rate. Good luck!

    Reply
    1. Jennifer

      Erika, is it internet through the phone line or cable? I’m currently with centurylink with their cable and internet bundle for $110 a month total. I don’t even watch the cable I have though, in the beginning I had internet through the phone line but the total came out to be the same amount so I just opted for the cable bundle… I will try calling att though..

      Reply
  5. Regina

    Hi Jennifer,

    I wish you lots of luck on this journey of yours. I am doing a spending fast myself after reading Anna’s book. I will continue to read your post to see what I might learn from you post as I too begin this journey.

    Glad to hear you have supporters, I am working on mine.

    Reply

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