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On The Road To Being Debt Free By 25 Years Old: May 2020 monthly budget

Posted on May 8, 2020May 19, 2020 by DeAndreaAshanelle

Goal: To share my debt-free journey with hopes that it sparks honest conversations surrounding finances and financial freedom amongst twenty-somethings. I currently have ~~two credit card balances~~ (paid off), a car loan (35% paid off), and student loan debt that I want to payoff by my 25th birthday which is roughly a year and a half away.

This month, I changed my budget up a little bit. Normally, I allocate a specific amount of money towards my car’s principal balance in order to have my car paid off by August. Well, I was blessed enough to reach my May money goal in April thanks to the stimulus check.

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On The Road To Being Debt Free By 25 Years Old: April 2020 Monthly Budget Update

Posted on May 1, 2020May 6, 2020 by DeAndreaAshanelle

Goal: To share how my spending for the month of April compares to the budget I set for myself at the beginning of the month. I believe this information is valuable to share because of it provides insight into the obstacles I face during my debt-free journey and strategies I am putting into place to stay on track.

Since the pandemic has arisen I have definitely seen a change in not only my daily activities but my finances as well. When creating my April budget, I decided not to include discretionary spending in my budget. With the shelter in place order, I assumed I would spend less money on clothes and eating out so those funds could be redirected to reaching some of my debt repayment goals.

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On The Road To Being Debt-Free By 25 years old: April 2020 Monthly Budget

Posted on April 11, 2020May 3, 2020 by DeAndreaAshanelle

I have decided to start a finance series to document my debt-free journey. I was inspired to start this series because we do not talk about finances enough. It is such a taboo topic but it shouldn’t be. Money is an important resource that allows us wonderful opportunities. Having honest conversations surrounding finances can help us to make smarter decisions and build wealth. As part of this financial series, I have decided to share my monthly budget and an update of how spending compares to that initial budget.

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Adjusting My Financial Plan to Weather the Effect of COVID-19

Posted on March 29, 2020March 29, 2020 by DeAndreaAshanelle

COVID-19 came out of nowhere and just disrupted our way of life. In some way or another it has impacted everyone’s lives. For most of us, the financial impact is what we can feel the most. I am blessed to say that I still have employment at my full-time job but I was furloughed from my part-time job. Millions and millions of Americans have lost their job due to this pandemic.

The coronavirus has had a substantial impact on our economy so because of this I am restructuring my finances to weather the storm of COVID-19. These are the steps I am taking:

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