monthly budget Archives -

How I Am Allocating My 2nd Paycheck of the Month for June

Posted on June 19, 2020June 19, 2020 by DeAndreaAshanelle

Ya’ll, I get excited every pay week to sit down and determine how I plan to spend my upcoming paycheck before it hits the bank. It is exciting to see how close I am getting to reaching my financial goals. I got the idea to share my paycheck breakdown from Pennies Not Perfection on Youtube. On her channel, she shares her financial journey of paying down student loans, the process of refinancing her house, and how she has chosen to invest. So I am going to take a page out her book and share my numbers (or percentages).

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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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