2015, Quarter 1

The first 3 months of this year have flown by. As far as my savings plan goes, it is going… tumultuously. I haven’t really earned any income on the side. I am doing well at saving money from my regular income though.

By now, I would have like to have made a nice large payment to my student loans, but car troubles and needing to get my wisdom teeth out have kept me from taking that money out of my savings. I’d rather feel secure that I can pay for unexpected expenses than save a couple bucks on interest. If I have to replace my truck, I want to do it without financing, so I want to keep some extra money set aside just in case.

I still plan on paying off my highest interest loan this year, I just might end up making the payment all at the end of the year, when I will also hopefully have more in my savings. I’m thinking I really want to move from keeping a $1000 emergency fund to a 2-3 month income emergency fund.

Mainly, I need to get to work on earning extra income. It all boils down to actually working in my free time, something I struggle with. I don’t want to mess with y work-life balance, so I’m trying to make side money by doing things I enjoy- but you can’t make money watching Gilmore Girls reruns and eating frosting out of the tub. Dang.

Anyway, that’s how my first 3 months have gone financially- not terrible, but I have a lot of work to do this year.

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Posted on March 27, 2015, in Goals and tagged , , , . Bookmark the permalink. 1 Comment.

  1. at least you understand the importance of a savings account. Believe it or not, a lot of people don’t have those. cringe* I keep most of my money in savings. I paid cash for my car, pay cash for all medical bills (that insurance doesn’t cover), and I never need to take out loans. My mom even paid cash for all of her houses. Don’t ask me how. She didn’t make more than 35,000 that I know of. But that is the importance of savings. Good luck to you.

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