Welcome to Budgeting in Blue!
My mission is to help you become financially successful and independent.
Ask yourself the following questions; Do I have a budgeting plan? Do I have a savings account? Do I understand my retirement account options? If you answered yes to all questions, you are off to a great start. If you answered no to one or all questions, l will help you answer yes to all.
We will start by creating a budget that works for you. A budget should be clear and manageable. Once you have a budget and understand your financial position, start setting goals. Your goal can be; I want to save 25% of my income, I want to pay off my mortgage in 10 years, or I want to retire in 15 years. Goals will be different for everyone but it’s important to have them.
When I started working at 16, my mom always told me to save but I never did. As soon as I got my paycheck, I would spend it. I started getting serious about saving when I finished college at 22 with $43,000 in student loan debt. It was overwhelming to say the least!
Fast forward to 29 and I was completely debt-free. In six years, I saved more than $100,000. I finished paying my student loans totaling $50,000 (including interest), paid for my $13,700 car in cash, and had $47,893 in cash for a down payment on my first apartment.
My budget has changed over the past year in a half now that I have a mortgage and it’s just me paying the bills. However, I save 31% of my after-tax income and feel more confident than ever because I have a clear budgeting plan. I know exactly where my money is going and how much money I am saving.
Let me guide you through making the most out of your income!
Our journeys are different but our goals are almost always the same. Let’s be happy, healthy, confident, and look forward to a content life.