Daniella’s Finance Journey outlines the financial experiences that CGS member @daniellacoin is going through as she works with the CGS Financial Consultant to get on financial track. Daniella has graciously offered to share her journey to help inspire and motivate others to take control of their financial lives!
This week I had the strangest phone call with my CGS Coach. I have my very first business trip coming up, but I need to pay for everything and get reimbursed after the fact. After that, I have my first trip home (back to New York – I’m in Texas now) in over a year. Clearly I have some financial decisions to make to ensure that I stay on budget to afford all of those trips. So I approached her about my plan and what I think would be a good idea for the trip, and for the first time, when I gave my plan or idea I was not told, “I wouldn’t financially recommend that.” (Which, in my opinion, is the nicest way anyone can tell you “You’re broke, sit down.” It was a humbling time.)
What is cool about this process is that now I’m starting to see the progress myself. I’m seeing where I tip the line on my budget. I am seeing how much useless money I spend in a day. I frequently used my debit card for purchases under $3 and never accounted for them, so I would have no idea how much I spent throughout the course of a day, week, or month. Now I can tell you where my money is going. I can sense when I’m going overboard. I also can evaluate what I want to spend my free money on, now that I have a set amount. The frequent $3 and $5 purchases have slowed down significantly so that I can put my money towards bigger events, moments, and experiences.
I am also happy to tell you all that two of my credit cards are paid off and now I am down to three left! I am so excited at the prospect of being done with credit card bills. My goal is to have all of my disposable income for me to save and spend at my leisure. I don’t want to have to plan every single dollar to keep a delicate balance of constantly paying on credit cards without ever paying them off. The hard part isn’t done. I have three larger credit cards that have bigger balances that I have to pay down, but I am so excited to come out on the other side. We’re still trying to find a good money organization system that works for me, because I don’t feel like I’m doing the most effective methods possible. Like tracking for instance, I need to be better about that!
I want to hear from you CGS Community! How do you organize your spending? Do you have folders with receipts, or is it all digital? Comment below!
Daniella is a 25 year old working millennial living in Dallas, TX. Daniella is originally from New York and has moved to Dallas to start a life of adulthood on her own. She currently works as an administrative assistant and has a passion for make-up! Feel free to leave a comment with any thoughts or questions for Daniella.