managing money Archives - Millennial Mayday

September & October 2018 Debt Progress: It’s Back!

November 16, 2018 Avery Comments 0 Comment

I’m a procrastinator. There. I’ve said it. So now that we’ve gotten that out of the way, where to start? I haven’t posted since September and haven’t done a Debt Progress roundup since August. So to cut things short, I’ll combine my September and October Debt Progress into this one post. I will also discuss where I’ve been putting my money since you’ll see that I’ve made less than stellar progress on paying my student loans. Lastly, I’ll discuss my…

Breaking Down the 50/30/20 Budget Rule

September 20, 2018 Avery Comments 2 comments

We’ve all heard it before. The first step to saving money is budgeting. But how do we start budgeting when we’re bombarded by so many budgeting methods that people swear is the “right” one? I’ll admit it. I don’t keep a strict budget. I use the app Mint to track my spending and my idea of budgeting used to consist of keeping some categories that I can actually control like eating out and shopping down. But as I started diving into…

Why You Need to Reward Yourself While You Pay Back Debt

July 17, 2018 Avery Comments 2 comments

As you may know, I’ve been paying my student loans aggressively for the past year now. While there will always be room for improvement, I’m proud of the progress I’ve made so far. I went from a six-figure debtor to a five-figure debtor exactly one year since I started my loan payments. While I consider my frugal habits to be the number one reason for why I was able to put $73,000 into loan payments in one year, I also…

7 Things You Should Buy to Actually Save Money

July 9, 2018 Avery Comments 0 Comment

On my mission to pay off my six-figure debt, I have been actively cutting down on unnecessary expenses. I’ve even written a blog post on 6 Things I No Longer Buy to Save Money so trust me when I say I do not like spending money unnecessarily. While I don’t like to splurge, I do realize that splurging on certain items have allowed me to save money in the long run. So I decided to post a list of 7 purchases…

How to Develop Mindset to Start and Continue to Budget

How to Develop the Mindset to Start and Continue to Budget

March 28, 2018 Avery Comments 0 Comment

The saying goes that there are two ways to get more money. You make more or you spend less. It sounds simple enough, but like most things in life, easier said than done right? The good news is, of these two options, there is one that is easier to tackle and that you can easily control. I am talking about spending less. Think about how hard it is to make more money. You either have to work more hours at…

How I Made Life Easier by Managing All Finances in One Place

How Managing All My Finances in One Place Changed My Life

March 7, 2018 Avery Comments 0 Comment

When I first entered college at the ripe age of 18, I only had one debit card that my mom insisted on making for me in middle school. Fast forward to 2018, I am now the owner of 3 credit cards, 2 debit cards, and 14 student loans from multiple lenders which can make it hard to keep up with each and every one of them. After years of experimenting, I have finally found how to manage my finances in one place…

Millennial Mayday

My journey to financial independence

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