My financial strategy for many years has been simple: make enough money to afford being a financial idiot.
Considering how ridiculous this plan sounds, it has worked surprisingly well. Basically, I try to make significantly more money than my basic expenses. Then when a surplus of funds accumulates in my bank account, I go have fun!
I’m not one to max out credit cards and build up mega idiot debt (anymore), but I have taken a pretty lackadaisical approach to student loan payments. I’ve historically patted myself on the back when I contribute an extra $7-$25 to a monthly fee. And I still have tens of thousands of dollars in student loan debt.
Meanwhile that same month I give an extra $12 to a student loan, you might find me chucking $150 out on a pair of shoes I wear just a few times. Not cute.
The fact that I’ve somehow learned to value a pair of metatarsal-ramjobbing 3-inch heels over financial freedom is kinda freaky.
It is so normal, so expected to have debt. But it’s also kinda creepy how we all buy-in, don’t you think? I don’t want to do it anymore. I want to obliterate my remaining $36,000 in debt once and for all.
So I’ve been hitting the books hard and making all kinds of charts and venn diagrams (just kidding I don’t know what a venn diagram is). I hereby declare that I’m changing my financial strategy!
In addition to the wisdom I learned last summer about slashing spending, I’m adding new plans involving using an actual budget, and purposely earning more than I spend…
Goodbye financial dumbass, hello debt obliterator! I’ll let you know what the exact plan is soon…
But in the meantime I wonder what your financial strategy is? And is it working for you?
I’m open to recommendations and tips!
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