Hey 33yo after monthly bills I have 1,100$. I oscillated the last 4 years between debt free and 10-20k invested and a few k in savings and checking, back to 10k in debt 1.5k invested. Barely a month of expenses in savings. I’ve done this many times. How do I stop?
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Start with writing out a budget.
Then follow the Prime Directive.
The guidance is easy. Carrying it out is the challenge. It's challenging at first. But like anything new/different, once it becomes habitual, your life will change.
Winter months 2,100$ takehome. Spring 3k summer 5-8k fall 3k. Ish I have a moderately successful business that’s growing but highly seasonal. And then 20hrs a week as a bx therapist
Ok, how about listing your expenses? That averages out to about 40-55k annually, so even if you can use the high months to weather the low months, if your baseline expenses are too high then it's just not gonna be sustainable.
I appreciate the response btw
Very low. Rent 600 phone utilities internet ups it to 800. Cars paid off, so just gas and insurance. Less than 1k in monthly expenses. Mostly waste money eating out/delivery.
Then it sounds like it should be doable, right? Before any of that wasteful spending, make sure you're saving enough to cover the lean months, and pay off that debt. What do you value more, a successful self-run business, or GrubHub?
I can grill my own burgers. So dumb that it’s such a small temptation. “It’s fine you crushed it today, worked so hard” yet tbh my stability and future depends on me bringing my own coffee to work, and COOKING MEALS lmao 🤣
Yep that's our stupid squishy human brains that suck at putting off immediate gratification for delayed better gratification, which is why we need things like spreadsheets and budgets and apps to help us
Yeah our best year 83 total. Historically ~50. This year at least 60 just signed a huge contract for summer events