spending fast

It’s been six months since I started my spending fast journey. Honestly, it’s become pretty routine now. Not that I ever struggled to not shop, but I’ve realized how little I actually need. I’ve also realized my food budget (& not packing my lunch) is a far more pressing problem. Oh well, I’m a work in progress. Regardless, I’ve learned a lot in my six months of fasting. Here are six lessons for six months: Impulsive shopping is the worst kind of shopping. I haven’t broken my spending fast, and I’m pretty proud of that (though I did ask my boyfriend to buy me aRead More →

frugal socialite

I’ve gone six months without buying a single non-essential item (part of my $pending Fast), and I’m not going to lie, sometimes it’s tough. But over these last few months, I’ve realized why. Not spending makes me feel like I’m not participating. I miss hanging out with my friends at happy hours and dinners. I miss going to the movies or to the mall without worrying about my bank account. And sure – while you can always go on a walk with your friend – going to a rockin’ spin class or sauna just feels more fun. These *frugal* days you’ll find me less likely to suggestRead More →

asking

We talk a lot on Dames in Debt about ways to save money or smart spending, but let’s not also forget another very important piece of the no-debt puzzle: increasing your income. You can scrimp and save all you want, but at some point, you just can’t save any more. It’s unfortunate in this day and age that many of us technically considered “middle class” full-time employees can’t earn enough to live off of our 40 hour a week earnings. The answer? You need to make more money. Today’s post is about the quickest, easiest way to increase your earnings: asking your boss for aRead More →

wedding budget

  Well, it’s officially wedding season. And while I happen to love weddings (much to my boyfriend’s dismay), I’ve got to admit – they can be pricey…and not just for the happy couple or wedding party. The average guest plans to spend $673 to attend a wedding this year according to the latest American Express Spending & Saving Tracker, and that’s not even including a destination weddings. Being a budget wedding guest gets a little trickier when the expectation is to spend almost $700. Weddings are expensive for a lot of reasons. They tend to take up whole weekends of your life (especially if you’re traveling), whichRead More →

finlit

Since starting our debt-crushing journey, I’ve read a couple of the “greats” in #FinLit (a.k.a. famous personal finance books). What I’ve realized is that not all money books are equal. For instance, Your Money or Your Life  was wholly disappointing to me. I found it outdated, somewhat condescending, not practical, and poorly written. That being said, I know a lot of people who swear by it. Well, after reading four #FinLit books…I’ve gotta say, I’m Team Ramsey. #FinLit Summary The Total Money Makeover by Dave Ramsey is definitely my favorite thus far. I found it engaging, motivating, and I loved that Ramsey managed to teach acceptance overRead More →

We Tried It

Stress can be a great motivator, but it can also be terrible for your health. I find there’s a very fine line for me between productive stress to get my finances under control, and hurtful stress that depresses my mood and health. Your health is very important, and during this stressful time in your life, we need to make sure we don’t neglect it. So this week’s post is a 7 day yoga mini-challenge. Boo-ya! #getexcitedRead More →

painless

Paying down debt with regular, automatic payments is great. Paying down debt faster with extra payments is better, especially if it’s painless. As you guys know, I currently have three kinds of debt: federal student loans, a private student loan, and credit card debt. Based off this, my debt repayment plan is to pay off my the consumer debt first, private student loan second, and then tackle the federal loans last (i.e. going for highest interest rate first). My Plan for Paying It Off Faster With all of my payments automated, my current credit card debt payoff date is May 2018; however, I’ve decided toRead More →

I spent money. I know, Jensen, I know. It wasn’t much but it was something I could have waited to buy and was not set forth in the law of my budget. But self-compassion and all that. I made a mistake, it happens. I had a moment of weakness and now I know I need to change my strategy. (And no, beating yourself up about things is not a good strategy.) New strategy: wait to buy. I got out of the habit of saving for purchases, and now it’s time to get back to it. If I see something I want (but don’t need) I willRead More →

FIRE

  If you’re a pro at FIRE, then welcome. If your new to hearing this word in a non-burning context, also welcome…welcome to the wide world of nontraditional living. From minimalism to passive income to early retirement, there are multiple paths to whichever ending you’d prefer, and FIRE is one of them. Today, I’m talking about why I’m rejecting one of these more popular goals in the personal finance world – FIRE specifically. Let’s get lit! (Sorry, I had to) FIRE – It’s an Acronym! FIRE is a term that refers to Financial Independence and Retiring Early. While these two might seem awfully similar, they areRead More →

We Tried It

***This post contains an affiliate link. <3 from the Dames*** Laundry, o laundry, I hate you. Clothes! Beautiful clothes! I love you. But you get dirty. Why hasn’t someone invented clothes that don’t have to be washed yet? How is this not a thing? Unluckily, we have no washer/dryer in the apartment 🙁 I’m ‘lucky’ enough to have a laundry room in the building, one of which always seems to be broken. There are three machines, for over 45 apartments…Somehow the math just doesn’t seem to add up. So, just to be clear, let me break that down for you: mountains of laundry > 3 machinesRead More →

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