So here I am, a 34 year old child just now beginning to focus on my finances. This blog is mainly my way to hold myself accountable, but also hopefully can help someone else who is trying to start this journey, or at least share some ideas. For the past ten years, I have made poor decision after poor decision, and am now digging myself out of a hole that I can only blame myself for.
My first step has been starting a budget (mint.com), and almost a month into it, it is nice to see where my money has been going. Now it is all about cutting spending and starting an emergency fund. My goal is to get $6,000 saved in next 12 months. I will post about each day's struggles as well as a weekly update about where I sit savings wise. I would love any followers, or advice I can get.
Laurence
A fresh start
December 8th, 2014 at 04:25 pm
December 8th, 2014 at 04:32 pm 1418056347
Welcome! Start small and be realistic. For me the biggest obstacles for success: unrealistic goals which led to frustration and feelings of defeat.
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I wonder if you've started your EF by opening a no fee, dedicated, savings account. Getting that initial $ 1,000. is key. It's where so many of us started. You might like to make it automatic to have a specific sum transfer to savings each pay, right off the top for that EF. It's called 'Paying Yourself First.'
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