Hello Everyone,
I think a lot of people can relate to me when I say, "Wow, I should have started earlier." But I am positive I am not too late to this party. I am 25, single, have two jobs, and trying to make up for lost time.
When I do things... I tend to jump in before I know which way is up. I think struggling at this point is my comfort zone. Mustache is where I want to go, but here is what I got myself into, in the meantime.
-18k left in student loans with a A.S degree to show for it.
-18k left on a good car, after the previous 3 died within a 1-2 years of owning them.
-In the process of purchasing a house for 45k (1,200sqft/good condition)
-My credit card floats about $1000 on average for bills.
-I own a little over 6k in firearms.
On the whole, I believe in this day in age, I am not doing too bad comparatively. Mustash-ish-ly, my life is on fire, I cant find a bucket, and my mouth is dry.
On the other hand:
I started putting money automatically away in each check into a bank account, out of sight, out of mind.
I have started using an investment app to aggressively keep myself poor so I don't spend anything.
I put in 10% of my check into a 401k with a 3% company matching
I have banned myself from buying more guns.
The tricky part:
Now that the dust is settling, I am getting a home put together and trying to get everything consolidated on the best interest rate.
-Mr.Money.Mustache made it very clear that debt is the ultimate enemy. This is my first goal. Be debt free.
-I will be living in an artic tundra, with a 60 mile a day commute, for a little over $15/hour.
-I have been reading about all the amazing tips everyone keeps posting on here.
Where, What, When, Why, How?
- The $5 dollar win. This is a struggle area for me. But the impact is huge.
- Misc. subscriptions. The little leaches that such all my money without me noticing.
- Impulse buying. Put it into a savings account instead.
- Home made meals and my weight in sandwiches.
- Trimming the fat, what can I sell to get some money back?
Does anyone have any 1-2 year goals/best practices that really helped them out in these kinds of situations?