April 25th, 2012
Welcome to the “Broke Gal in NYC” blog series! For the past seven months, we’ve followed Kate from the Broke Gal in NYC blog in her progress to pay down debt, make a career change and do it all in a financially savvy way!
It’s been a great seven months of blogging for Credit Karma and having Justine give me advice on my goals. It’s been full of challenges but overall has been a wonderful experience that has helped me mature not only fiscally, but also intellectually. To reflect on the past seven months, I’m sharing my highs, lows and future goals:
- Investing: I am really pleased that I started investing, since I know this is necessary for my long-term financial well-being. I hope to grow and diversify both my brokerage account and retirement savings in the next few years.
- Paying off credit card debt: This was a huge success for me; now I can put money I would be throwing away on interest towards my student loans, savings or investments.
- Feeling “in control”: The most important thing I learned was how to take control of my money and feel in control of my own financial destiny. So often people, especially women, act like financial success is something that just happens to a select lucky few, but that is absolutely not the case! Feeling in charge of my money has definitely been one of the most empowering experiences of my life.
February 8th, 2012
January was another great month where I took the opportunity to evaluate my financial goals and came up with a plan for 2012. I paid for my move completely out of my savings so I didn’t incur any more debt, which was great. I decided to take the ReadyforZero New Years Challenge which meant that I would not use my credit cards and would put 10% more towards my debt.
January 5th, 2012
Happy New Year! I’m just getting back into the groove of reality after being on vacation in the Caribbean for a week. December was an incredibly busy month for me between the holidays, traveling, working two part time jobs and consulting for another project.
December 7th, 2011
November was another busy month filled with saving, consulting, budgeting, and in the final week of the month, a new job! I start another part time job this week with a local urban environmental organization, and I couldn’t be more excited. I took Justine’s advice and started shaving money off my daily budget bit by bit and decided to challenge myself by seeing how long I could go without spending. I made it four days, a new personal record.
October 5th, 2011
As of August 2010, I was unemployed, owing nearly $3,000 in credit card debt, and had no savings. I was living way beyond my means. I felt hopeless, helpless and out of control. A year later, I have almost $5,000 in savings and my credit card debt is nearly paid off (I only have 100 bucks left!).