I am no financial expert. The only way I’ll ever get to retire is if I stay within the public employee program in Colorado for the next 30 years && they don’t cut the program too much.
I loved my little school in Albany, but the pay was though. I took home roughly $2,000 a month. Which left just a little wiggle room. With a lot of missteps, I eventually found my footing and was making gains on the debt I initially accumulated while adjusting to said income. My cross country move set me back a bit but as I adjust to a new pay scale and expenses I am hoping to dive back in towards paying off debt and using my money in ways that satisfy me.
For the same reason someone should make their athletic or health goals public (accountability, support) I am also working on being transparent. I am working on learning how to budget in a more meaningful way, previously I would allot myself a daily allowance after all bills had been paid.
This like my yoga,running, or bouldering will be a practice. There will be mistakes along the way and I certainly have a lot to learn. My first goal is to list my fixed expenses.
This includes our pet fee & monthly water bill. J does pay more, but we divided it on a ratio of our incomes.
Our utilities tend to vary a little, but have stuck around the 80 a month range for the past few months. We keep our house cool but are limited by our non energy efficient appliances since it is a rental.
Cell Phone/ Internet: $50
J and I share an unlimited plan for T-mobile that we also use to hot spot for our home internet needs.
Home Insurance for home in Albany: $55
I am currently renting out my home in Albany, due to some clerical error, this payment keeps coming out of my Denver checking account instead of the one associated with the rental but still something I need to account for.
Car Insurance: 300 per 6 months
I FINALLY was able to do a 6 month payment for car insurance. For years I had a monthly bill, My car insurance is low because my car is 10 years old. The blue book value is nearly identical to that of a deductible, so I no longer have comprehensive and collision.
Movement Climbing & Fitness: $65
After a few year hiatus from joining any gyms, I did join a climbing gym that also offers yoga, treadmills and rock walls. The jury is still out on if this is totally worth it, but I do enjoy bouldering so for now I’ll keep it.
Personal Loan: $374
I should note that the final payment for this loan is at the end of this month! Woot!
Personal Loan: $ 60
Credit Card C: $25*
Credit Card B: $ 55*
* These credit cards are no longer being used. I did manage to pay off one over the past few months & these look like they could be settled quickly if I could organize myself a bit better & once I make that final personal loan payment, I plan to continue using that amount to pay down the others.
My grand total fixed expenses: $1,509
Aside from debt payment, there isn’t a lot of fat to be trimmed in terms of my fixed costs, I imagine through my more variables spending (food, clothes, entertainment) I’ll find a lot more money that I can put towards my remaining debt & saving.