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This was actually a pretty good quarter. I’m going to keep this brief because at this point in my life, the debt pay-off report feels redundant and I don’t feel like I’m going to make any gains for at least another year. There are so many expenses coming up and a lot of my money is going to get tied up in savings etc. Alas, the progress is slow and steady and I’m not going backwards, so that’s what counts.
Last quarter, I had $45,098 in debt.
Now I have $41,681. It is a big jump, but that is the last big jump my debt will make this year.
Basically, I’ve been paying the minimum on my debts. As you know, I recently found out where my first duty station as a nurse is, and I also found out when I leave for officer training. Stay tuned for the announcement this week!
By March 31st 2020, I need to have around $2000 in cash readily available because I have to buy my meals from the cafeteria during training. They also recommend having a hefty cushion of cash in your bank account because there are often errors in pay as you make the switch from enlisted to officer. I really need to get serious about saving.
I got my yearly raise!
The wonderful thing about the military is you almost always get a yearly salary pay raise of some kind. I just hit my four year anniversary of enlisting in the Air Force (wow so much has happened!) so the bump is pretty big for me (about $140/month).
The car is paid off.
I did end up putting some debt on one of my other credit cards, but I have it paid off now. Remember how I needed tires for the car? Well I bought those and some new uniforms for my upcoming training. But, because I put some stuff on a credit card, I was able to pay off the car! I move my money around a lot, which is probably a bad thing – but it works for me. I have a lot of small nest eggs that I don’t like touching, so I’ll opt to put things on a credit card so I don’t have to touch them. PF sin #1!
I am getting worried about my car’s ability to make it more than a year. I have a lot of driving coming up and I am concerned about its reliability. So I am keeping car savings in the back of my mind (even though I just got this one paid off). Reliability is so huge when you’re a woman mostly on your own.
I bought my ticket to Italy!
I used my intro points on my AmEx Gold card (30k + my earned 15k) which covered nearly half the trip. Original cost was $1200 w/ traveler insurance because I’m a nervous nelly and you never know what will happen. Using my points brought it down to $730. I feel like this is a solid deal for Christmas time plane tickets and one of the fast flight times available – 15 hours vs 19-30 hrs on other flights.
My nerves are frazzled and I’m praying nothing goes wrong to ruin this for me. I am busting out of Florida right after graduation! Woohoo! I plan to keep on saving $200 a month for this trip even though the most expensive portion is covered. A girl’s gotta have fun funds. Plus, we’re trying to take some weekend trips, so I’ll need some cash for those.
Still – monthly spending feels out of control.
I feel like this tracker is so pointless now, but I am looking forward to seeing how much I spent on food, etc. overall at the end of this year. Once upon a time, I had a dream to spend only $12/day on fun stuff and groceries. Oh how wrong I was. While I’m still trying to keep my spending in check, I don’t even think about $12/day anymore.
It wasn’t realistic for me, but it did help me start planning my spending better.
There won’t be too many changes in the last quarter, as I’m still spreading out spending money on new uniforms and graduation/NCLEX stuff. Paying off the car was kind of my BIG thing for the year, so now it’s coast time.
Thanks for reading and always encouraging me on this journey! I hope your third quarter went well for you.