April Wallet Watch

May 6, 2014
At the end of March I came up with my plan for April Wallet Watch.  We got to make up our own rules, and I was game for it since I could tailor make a plan that I thought I could follow.  Now I'm reporting back on how I did...

http://www.lifeaccordingtosteph.com/


**Only go on one major shopping spree while on vacation.  I have to say that I did really well here, and while I spent A LOT of time browsing, I didn't actually buy that much at all!!  Usually when my sister and I get together I go kind of wild and will spend hundreds on clothes, beauty products, and accessories.  This time, I only bought an Essie polish, a pair of earrings, and a pair of sunglasses.  I spent about $30 on these three things, which was way under my budget, so I have to give myself some kudos here!

**Save 50% of birthday money received.  Okay, I did save 50% of the money I got, but I only got money from my grandparents this year, and it was $50.  Yes, I saved $25 of it, but based on what I received in years past, I thought I would be able to save a lot more.  Usually my parents give me birthday money, but this year my dad put a lot of money into my car when I left it at his house while I was in North Carolina.  I'm really grateful that he did that, especially because I didn't even know there was stuff wrong with it.  I am not complaining at all--I just wanted to explain why I wasn't able to save as much as I thought I would in this area.

**Do not go out to eat every day on vacation.  Hmm...I was in North Carolina for 5 and a half days, and I went out to eat four times, so it wasn't every day.  Also, one of the times my sister and her husband treated me to dinner, so I don't think I need to count that since I didn't actually spend anything.  Overall, I'm good with how I did here because sometimes my sis and I will splurge on two meals a day at a restaurant while on vacation.

**Do not do any online shopping.  I failed this one because I got a birthday coupon from Alloy for $20 off $50 and bought two shirts.  It could have been worse, but I promised myself that I would not buy anything at all online, so I broke this rule for sure.

**Book more subbing jobs.  I booked so many subbing jobs that I haven't had days off in weeks!!  I had to turn down at least three jobs and couldn't even schedule a job when a teacher approached me and asked me to sub her class.  My paycheck this week should reflect this, and thank goodness for that.

Overall:  With the rules I made for myself, I don't think I did too shabby.  I expected to not be able to save much at all this month, and that was the case.  I did save some money, but not very much.  I would have been able to save a lot more, but as I mentioned in a previous post, I thought I was only going to have to pay two $15 co-pays for going to the doctor, but instead the bills were hundreds of dollars each.  Basically, if I had not done the April Wallet Watch, I would have been dipping into my savings to cover the costs of the bills.  This just goes to show how important it is to watch what I spend every month because I did not anticipate having those extra expenses. 

The good news is that I put the extra money I saved towards one of my student loans, and I was able to pay one off completely!!! This is the first loan I paid off, and although I have been putting a lot of money towards this one loan all year, I finally feel like I actually accomplished something.  An annoying thing is that even though I paid the full balance on my loan, it took a few days to process and during that short time, I started owing more interest.  Today when I looked at my account summary, I saw that I still owed 11 cents on that loan.  I just paid the 11 cents, so hopefully that covers it once and for all!!  I better not owe a penny in two days because of the interest on the 11 cents, haha.  I still have five more loans to pay off, but I'm pumped that I have one less to worry about.

Do you have any student loans that you are still trying to pay off?
18 comments on "April Wallet Watch"
  1. Yay!!! Congrats on paying off a loan! You're awesome!

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    1. I put a big chunk of my sub money towards it all year long! I can't wait to see it DISAPPEAR off of my account for good. :)

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  2. I think you did really well, especially with the outcome of paying off one of your loans. That rocks!

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    1. Yes, I didn't do too bad! I'm so glad to be rid of that loan.

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  3. You did fantastic, and paying off a loan is a reason to celebrate! I think it's amazing you saved your birthday money, I always think of birthday money as "free money"

    Thanks for linking up with me and Steph!

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    1. I only saved half. :) Usually it went towards a program fee or books, so even having half to spend was fine with me!

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  4. what a huge accomplishment!!!! I have one small student loan to go and it's killing me just to finally pay it off!

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    1. You are going to feel so awesome when you do! I hope you get to do so sooner rather than later.

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  5. Congrats on paying off the student loan- that's awesome! I don't think I would have been able to participate the the Wallet Watch if I was going on vacation in the same month, because I alwayssss overspend on vacation! Sounds like you did great across all of your goals!

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    1. I usually do overspend on vacation. I'm glad I had this wallet watch link up to keep me in check. It really did hold me more accountable.

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  6. Online shopping is such a weakness of mine. I get sucked in every.single.time.

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    1. I need to not sign up for e-mails from companies. They send me their deals and then I can't resist!

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  7. i think you did really well, even if you broke the online shopping rule - that is absolutely my biggest weakness. i can avoid normal shops, but online just calls to me. so far, it is the 6th and i have only bought one thing, so proud, haha. and way to go on the student loan, that is bloody amazing!

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    1. I only had a few hundred left to pay on it, but it is one less thing I have to worry about! I dream of the day that I can live debt-free! :)

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    1. Thanks! Only five more student loans to pay off and I'm done, haha...

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  9. Congrats on paying it off!! :) I took some shitty little accounting job when I moved and I spent 5 or 6 months (it was such a blur) working about 70hrs a week and I paid off all of my $11,000 student loans!! It was hell... but awesome to get it off my back :) Soon you will have your paid off, don't worry! :)

    http://neatly-packaged.blogspot.com/

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    1. Whoa!! That is so impressive. Way to get them all paid off so that you didn't have to worry about the interest building up!!

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