10 Ways to Avoid Lifestyle Inflation

Awhile not all lifestyle inflation is necessarily bad, it certainly can wreak havoc on a budget if you aren't careful. Here's how to prevent lifestyle inflation.You may have heard the term “lifestyle inflation,” but if you haven’t, lifestyle inflation is when you start buying more to support a more lavish lifestyle. This could happen as you get older or as your income increases.

Awhile not all lifestyle inflation is necessarily bad, it certainly can wreak havoc on a budget if you aren’t careful. Another danger of lifestyle inflation is that often time, people’s desired lifestyle costs more than what they make, resulting in credit card debt or other forms of debt.

These certainly aren’t rules, but rather guidelines on how to keep your lifestyle in check. So here are 10 ways to avoid lifestyle inflation.

1. Forget About the Joneses

Keeping up with the Joneses is dangerous to you and to your budget. We all have moments of impulse where we see what our friends and neighbors have an we want it. For me, when I look at my friends, I want to travel more, buy a house, and eat out more. But these are all things that, though I feel confident I can do someday, would bust my budget right now and honestly aren’t my top priority at the moment.

So ignore the Joneses and do what’s best for you. Make your money work for you and trust your gut with timing. You might not be able to afford everything your friends have right now, but you can make it a goal to work for it and save for it for the future.

2. Trust Your Budget

Your budget is in place for a reason. It’s because it works for you.

Many people consider budgets to be confining, but have you ever thought about how much freedom a budget actually allows you?

If you budget properly, you’ll have more money to spend how you want. If you can control “boring,” but necessary expenses, like the electric bill, rent, groceries, and debt, you’ll have more money left over at the end of the month. Then you can actually choose how to spend that money in a way you want.

3. Allow Yourself Limited Inflation

It can be challenging to keep living like a broke college student years after you graduated, and it’s okay to allow yourself a little inflation. But you have to decide what your priorities are.

For me, when I finally broke free of the “broke college grad” stage, I started purchasing much healthier and more wholesome foods, as well as buying a few minor decorations for my apartment. It didn’t cost a ton, but it helps me to keep going with my budget.

If your budget allows, give yourself some sort of small luxury. Maybe you will allow yourself to go to a movie once a month, or a night out with friends every so often, or a gym membership. Whatever it is, make sure it 1) still fits within your budget and 2) is something you truly value.

4. Have a Plan for All Extra Money

When you have extra, unexpected, income, what is your plan for it?

While you can’t expect to get a tax return, inheritance, or birthday money, it doesn’t hurt to commit to putting extra money towards savings or debt.

This also goes for making extra money. I committed to putting any extra money through blogging and freelance writing towards debt. I don’t allow myself to use this money to inflate my lifestyle because honestly, I work HARD for that extra money and I don’t have to do it. I would hate to see my hard work be wasted on frivolous purchases. I am buying my financial freedom with that money.

In addition, any extra money, like gifted money from the wedding, tax returns, or extra paychecks go to our debt. When you get a large chunk of unexpected money, it can be so tempting to spend it, so planning what you will do with that money ahead of time prevents lifestyle inflation.

5. Keep a Running List of Wants and Needs

Keeping a list of wants and needs helps you to prevent impulse purchases.

For example, you might really want to go on a vacation to France. With vigorous savings and planning, that could totally happen. But when your friends try to get you to go on a trip to Hawaii, you’ll have to make a choice between what you want and what your friends want.

And when you keep a list of your needs, you’ll be able to better prioritize your spending. You’ll find yourself often having to pick between wants and needs, which will keep your finances in check.

6. Sell Items Frequently

Look around your house. How much stuff laying around don’t you use?

Take the time to frequently audit your possessions will remind you how much you already had. It will promote a minimalist lifestyle and show you that, frankly, you likely already have everything you truly need.

Plus, selling your items is a nice way to earn a little cash to pad your emergency fund or pay off debt!

7. Decide if Luxuries or Convenience is More Important to You

There are different types of lifestyle inflation. You can buy more luxury items – like furniture, fancier clothes, vacations, or cars, or people tend to splurge more on convenience items, like eating out, time-saving apps, or delivery services. While I don’t allow myself many big “luxury” inflations, I have allowed myself to purchase some convenience items because my time, though it has become more important, is less.

Convenience purchases, to a point, can be a reinvestment back to yourself. I personally would so much rather spend money on something that saves me time or makes me feel better versus buying something luxurious just to have.

My most recent convenience purchase was an upgraded iPhone. As a blogger, I constantly rely on my phone to conduct business, and my old phone ran out of storage and no longer supported my needs. So this was a luxury that was worth the cost to me.

8. Know Your Bare-Bones Budget

While this hopefully isn’t the budget you have to rely on every day, I always keep a bare-bones budget in the back of my mind. This is the budget I would switch to if I ever lost my job or came down with a serious illness or emergency.

It’s important to keep this budget in mind because at some point in your life, you won’t be able to afford luxuries. So how can you keep your lifestyle in check?

Think about someone rich who lives lavishly. They could make a million dollars a year. But if they lost their job tomorrow, could they support their current lifestyle for very long? Probably not.

This is a case for not ever increasing your lifestyle too quickly. While you don’t need to be a cheapskate all the time, it’s important to limit your lifestyle to something you can afford no matter what life throws your way.

9. Advance Your Savings Goals

When you receive a raise or lump sum of income, how do you spend it? Do you automatically consider how you could increase your lifestyle?

I’m challenging you to instead, focus on increasing your savings. There is always a case for saving more money. It doesn’t make much sense to continually fund a more lavish lifestyle while you keep your saving goals the same.

Remember, as you earn more and your lifestyle increases, your savings goals must as well.

10. Remember, Personal Finance is Personal

Everyone has drastically different financial situations, and your money is yours. Don’t let anyone tell you how to spend it!

If you don’t care about buying a house ever, then don’t buy one. If you make $500,000 a year, but choose to invest all of it while not increasing your lifestyle at all, more power to you.

And that goes for me as well. These are all tips for avoiding lifestyle inflation, because I believe we all should live somewhat below our means. But don’t think I’m trying to tell you how to spend your money! Your situation, values, and needs are so different from mine or anyone else’s. So do what’s right for you, but also be mindful about how much you’re spending on creating a lifestyle for yourself. Because having a great life doesn’t need to cost a ton 🙂


Have you ever been tempted to increase your lifestyle? Any other tips on how to avoid lifestyle inflation? Drop a comment below!

As I reflect on this past year, I realized something And it is...holy sh*t, I've learned a ton! Here are my 10 biggest financial lessons I learned in 2016.

10 Biggest Financial Lessons I Learned in 2016

As I reflect on this past year, I realized one thing. And it is…holy sh*t, I’ve learned a ton!

It’s refreshing to look back and see how far you’ve come and what all you have learned! So here are my 10 biggest financial lessons I learned in 2016.

1. Cost of living matters

I used to live in rural Iowa, where I could rent a 4 bedroom house for $500 a month. I moved to Charleston, South Carolina in 2014 and every single year, the cost of living increases astonishes me.

They estimate 40 people are moving to Charleston every single day, so the housing costs, in particular, is skyrocketing. Every year, our rent is being raised, so every year, we have moved to a new apartment complex.

I forever find myself wondering what our finances would look like if we could even save $500 a month on our living expenses, but for now, we both have jobs that pay us well enough that the high cost of living is nothing more than an annoyance. We couldn’t be paid as well in an area of lower cost of living, so we are trying to adjust to seeing our rent cost.

2. My current money situation is because of me

This is a hard lesson to learn. I have student loan debt because I didn’t pay for school as I went or apply to enough scholarships. I earned a degree that wouldn’t have paid well (and required a ton of hours). So there was a period of time I wasn’t able to put hardly anything towards debt. Now that I have switched careers and have also started freelance writing on the side, I earn more, but man, I have had to work my butt off to make what I do (not to complain…I love my job and writing!)

I can’t point fingers at my school for being too expensive or blame people for not educating me. Because I should have taught myself. I was just plain stupid.

You might find yourself in a similar situation. Once you claim responsibility for your current situation, you’re setting yourself on the right path to achieve financial freedom. And the good news is that even if you got yourself into a bad situation, you are the ONLY one who can get yourself out of that situation. It’s empowering. So go kick butt.

3. Weddings are NOT cheap

I try. I knew having a wedding in Charleston would be ridiculously expensive, but it was something we wanted to do anyway. I’m fighting tooth and nail to keep the cost of this wedding as low as possible, but man. It ain’t easy!

I knew going in that it would be expensive, so I would have to lower my standards. There are so many creative ways to save! I haven’t been afraid to break tradition, so I think that helps!

4. I can make more money

This year, I was able to start making money off my blog and by freelance writing. Honestly, I didn’t really think it would be possible for me. It took a lot of hard work, but I love earning more money!

Making money on the side has been extremely empowering. It’s comforting to know if I ever lost my job or had a financial emergency that I have another source of income. And I feel proud of the little business I have built!

5. Budgets will never be perfect

No matter how much you try, your budget will never be perfect. Every day, week, and month are different, and that’s why I am fairly flexible with my budgeting.

If a super strict budget works for you, go for it! It just doesn’t really work for me. In the near future, I will be writing a post all about my flexible budgeting.

6. I’m capable of a hell of a lot more than I thought

Okay, so this might not be a direct financial realization, but taking ownership of my finances this year has shown me a lot. I had debt to pay off and a wedding to save for. I had major goals, and I realized I needed to make even more money to make it possible.

So I started earning money freelance writing and putting that towards my financial goals. I also worked extremely hard at my full-time job to earn a raise. I made it my mission to provide value and then demand to be paid for my value.

It hasn’t been easy AT ALL. Planning a wedding by myself while my fiancé is in a grueling grad school program has not been easy. Plus freelance writing, blogging, working, and studying for a certification has been tough but so worth it. Yes, there have been meltdowns on my part and times I wanted to quit everything, but I am proud of what I have done to meet my long-term goals.

I don’t say this to humble brag, but I hope you can realize that you can achieve more than you ever thought. If you aren’t relentlessly pursuing your goals, then they aren’t big enough. I didn’t learn that until I realized my student loan debt would be the biggest barrier to my goals of going to further my education, so I am thankful to have learned this lesson.

7. You can’t be “average” with your money

I talk to a lot of people about money, and I have to laugh at how many times people tell me they are just “okay” at dealing with their own money. Though I admit I do tend to see things in black and white, this just doesn’t make sense to me.

If you are just “okay” or “average” with your money, that means you don’t have as much control as you should have. While everyone has room for improvement with finances, there are some very black and white things. Debt is bad. Savings is good. If you have debt but are telling me you’re working your butt off to pay it back, I would assume that you are recovering from being bad with your money.

These are more my thoughts, so feel free to agree or disagree. I’d love to hear your thoughts in the comments!

8. Comparison is stupid

Everyone, especially women, are guilty of comparison on a regular basis. I am terrible at it! I find myself getting so jealous of other people. I compare myself to others, when I have no idea what their personal situation or feelings are.

Comparison is definitely something I want to work on in the new year. Because it’s a huge time waster! I’m excited to see what I can achieve when I put my blinders on and keep the focus on myself instead of comparing myself to others.

9. Emergency funds are a life-saver

I can’t emphasize emergency funds enough. You. Need. One.

My emergency fund gives me so much peace of mind and security. That $600 car repair bill earlier this year? I had cash for it. Without my emergency fund, my budget would have been blown for months!

10. Communication is ABSOLUTELY the key to healthy finances

Perhaps the most important lesson I learned this year is about communicating with my fiance about our finances. We have always been very open and honest about our own financial situations, and now that we are in the process of combining our finances, we really have to talk about it.

We don’t really have money fights because we have worked out our agreement. We each get some cash every month to spend at our own discretion. It’s been a huge learning opportunity this year, and I’m excited to see how our finances look when they are all officially combined (I know…nerdy to be excited about this!)

These are a few of my lessons learned this year! What are your biggest financial lessons learned in 2016? Comment below!

6 Weekly Habits for Improved Finances

Interested in improving your finances? You’re here and checking out a personal finance blog, so you’re taking a good first step!

Unfortunately, it isn’t enough to just know and learn about personal finance. In order to improve finances, you have to take action.

It can be completely overwhelming to pay off potentially thousands of dollars of debt, save for the future, invest, learn to budget, and understand healthcare all at the same time.

The easiest way is to aim to improve your finances in an organized way. By focusing on doing a few small things a week, your finances will take a turn for the better.

If you’re looking to improve your financial situation, here are 6 weekly habits to start implementing now.
Continue reading “6 Weekly Habits for Improved Finances”

How to Discuss Finances With Your Significant Other When You’re Not Married

Finances alone can be tricky, but combining finances with another person can be downright confusing.

No matter where you are in your relationship – dating, engaged, living together, or other, it’s vital to discuss finances and your expectations for one another and what you want as a couple.

Married couples seem to already have their finances figured out, especially if they joined their accounts.

But when you’re just dating someone, it is more complicated. You both have your own bank accounts, and you both have your own income and budget. What’s mine isn’t quite yet yours when you’re dating.

The first thing to know is that there is no “right” way to handle your finances as a couple when you’re not yet married. Everyone does it differently, and it’s a matter of finding a system that works for you.

With that being said, there are some questions you should ask your S.O. If you’re spending any significant amount of time with another person, they will impact your finances. Being open and honest is the only way to stay on the same page financially.

So without further ado, here is how to handle your finances with a significant other when you’re not yet married.

Know your goals

Take some time and be honest about your own individual goals and what you want to achieve as a couple.

This deep conversation will be eye-opening for the both of you and will bring a new seriousness to your relationship.

Your goals likely will require money and you’ll need to make sure whoever you’re dating is 100% supportive, even if it isn’t convenient for them.

For example, my fiance knows my ultimate goal is to become a college professor, which requires a lot of expensive schooling. We are able to align our goals together to make sure that I will be able to go to graduate school in the next few years.

Once you have a better understanding of your goals, you’ll be able to create your budget to better reach your financial and life goals.

Share your income

You probably shouldn’t ask someone how much they make when you’re on a first date, but if you’re in what you consider a serious relationship, it’s important to know what you both are bringing in for income.

Some people hold their salaries as something that is extremely private. Everyone has a different opinion about this, but I believe it is so necessary to share your salary with someone who you are in a serious relationship with.

Being honest with your salary will open the communication about who pays for what. If there is a significant difference between your salaries, you’ll need to discuss expectations of one another.

Create a list of combined expenses

Any couple likely has some shared expenses, whether you live together or not. Create a list of all your shared expenses, like dinners out, rent, electric, holiday gifts, etc. Figure out how, or if, you will split these expenses.

Dating costs money, and you need to figure out how to handle the additional expenses.

You’ll want to make sure that how you split shared expenses works for both of your budgets. This is one example of why you must know each other’s income.

List all of your individual expenses

To complete your budget, you need to list all of your individual expenses.

If you already have a budget, you can just use that. But if this is the first time you’re budgeting for yourself, you’ll need to list all of your income and expenses.

The goal of doing this is to ensure that both you and your partner are secure individually and as a couple.

Keep the financial conversation open

Never be afraid to talk about finances with your significant other.

Check in with each other frequently, and be willing to adjust. Relationships, like budgets, are continually changing and need to be check on frequently to see if you need to adjust.

One of the most common things couples seem to do is to have good intentions and make a budget that they both can agree on. But then that’s it. The conversation is never brought up again, and both individuals are afraid to talk about it.

Keep the communication open and check in with your S.O. frequently to make financial conversation normal.


By talking about your budget, you eliminate the possibility of one person becoming resentful because they’re paying for everything, or one person feeling guilty because they can’t pay for much.

Honesty is the key to a healthy relationship, so even if you’re scared, just talk about it!



10 Ways to Stop Impulse Shopping

How many girls do you know who are fairly decent at budgeting, but then BAM, their closet is spilling over and they can be found at the mall every weekend? I’ll let you in on a secret: that used to be me.

Shopping was such an emotional habit for me. I’d shop when I was bored, when I was lonely, when I was stressed, when I was procrastinating. Shopping made me feel better for a little bit, but it wasn’t solving anything. The worst part of it was that I was buying a lot of cheap, poor quality clothes. But my closet quickly became filled with, so put it bluntly, a whole lot of crap.

It wasn’t until I moved that I realized just how much junk I had. For someone who has moved 7 times in the past two years, that was a lot of baggage to carry around. Something needed to change.

Now, I still love to shop, but I have definitely curbed my impulse shopping habit. Here’s 10 steps I took to stop emotional shopping:

  1. Clean out your closet.

    This is the only way to see just how much stuff you have bought and things you haven’t even worn. When I cleaned out my closet, I realized I was getting rid of hundreds of dollars of clothes that I had not worn once. What a waste!

  2. Research classic, staple items you need to build a solid wardrobe.

    No matter your personal style, figure out the basics. You likely will want a nice coat, a few pairs of quality jeans, some black heels, etc. Write these things down! They are items you will want to invest in and maybe even splurge on. Predict how many years of use you can get out of each item.

  3. Make a list of all clothes you need, and which season they fit.

    Keeping a running list of every item of clothing you need will serve you in so many ways. If you’re having a moment of weakness and want to impulse shop, you can use this list to make sure you’re buying only things you actually need. This list also provides opportunities to find more items on sale because you know what you’re looking for.

  4. Be smart and buy at the end of the season.

    Have you ever noticed how swimsuits go on super sale at the end of summer? When at the beginning of summer, they are ridiculously expensive? When you create a list of exactly what you need, you can be on the look out for these end-of-season deals and can save a ton of money. Sure, you might miss out on buying the hottest trends of the season, but trends come and go anyway. To me, spending money on timeless pieces that I can wear for years to come is worth far more than buying a new trendy piece every single year.

  5. Save up for high quality pieces.

    If you are buying an item that you will wear almost daily, then it is worth it to splurge on a higher quality. For example, when I lived in Iowa, it was imperative that I had a winter coat. I wore it every day for almost 6 months out of the year, so it was worth it to invest in a higher quality coat versus a cheap one. Plus, it kept me nice and toasty 🙂

  6. If it’s not on your list, no buying!

    This will force you to really think through your purchases ahead of time and eliminate any possible impulses.

  7. Acknowledge your emotions before shopping.

    Be aware of how you feel and be honest with yourself. Are you shopping because you’re trying to fill a void, or are you truly shopping because you need clothes?

  8. Ask yourself how many wears you’ll get out of that outfit.

    Calculating cost per wear is a great guideline to know if something is actually worth it. You can learn more about it here.

  9. Only buy clothes you absolutely LOVE.

    If you’re like me, half the stuff you buy on impulse is total junk. Maybe it was on sale or maybe you were just feeling emotional while buying it. If clothes don’t make you feel great, then they aren’t worth buying. This can be a hard lesson to learn for some who view clothes as simply functional. Clothes can say so much about you, so I encourage people to spend time and money dressing themselves in a way that makes them feel great.

  10. Have fun and shop on!

    Shopping can still be fun, even while trying to curb impulse shopping and while sticking to a budget. Be smart about your purchases and be in tune with your emotions and you can’t go wrong.

4 Reasons Why You Need an Emergency Fund (Even if You Have Debt)

This post may contain affiliate links, which means I may receive compensation if you make a purchase using this link.

Did you know that 62% of Americans can’t pay for unexpected expenses?

Think of all the times a surprise expense came up in your life. Maybe you had a medical bill, car repair, lost your job, or some other emergency expense that came up. How would you pay for it?

Just this weekend, I took my car to the shop – $650 in repairs. No, I didn’t panic. I paid it in full. Because I have an emergency fund for situations just like this.

When I quit my terrible job without another one lined up, I knew I would be okay because of my ample savings in my emergency fund.

If I get a surprise wedding bill (hopefully not!), I will write a check from my emergency fund.

Needless to say, I rely on my emergency fund for security. As much as I try to anticipate expenses, sometimes things are out of my control.

Here are 4 reasons why you need to start an emergency fund today, even if you have debt.

  1. You can’t simply hope for the best

I have a friend who has been in financial despair. Her only plan of action was to cross her fingers and hope her electricity doesn’t get shut off. Insert face palm.

Remember that phrase, “hope for the best, plan for the worst”? You can hope all you want that you won’t have any major expenses come up, but wouldn’t it give you more peace of mind knowing that you could handle any emergency that came your way?

With finances, you have to remember that you have control. In general, you can’t just hope for the best. You need a plan of action. And you’ve got to change some habits.

  1. A credit card is not a substitute for an emergency fund

I hear this a lot – “I’ll just put it on my credit card and pay it off later.” Double face palm.

Credit cards are dangerous if you allow yourself to do things like this. How would you actually pay off your credit card without busting your regular budget? It could take months, if not years to pay off, plus you’re paying a ton extra in interest.

If this is a large amount that you aren’t able to afford, this could wreak havoc on your credit score. With credit, you should never purchase anything you can’t actually afford, and that includes emergency spending.

  1. You can’t get out of debt by taking on more debt

Many people with debt assume that every cent they have extra should go towards debt. While it’s good to focus on paying off debt, you still need to have some savings.

Just as credit cards aren’t a substitute for an emergency fund, having to take on credit card debt from an emergency doesn’t get you any further in your debt repayment.

  1. Security and peace of mind is worth more than anything

Different financial gurus will give you different advice (like I’m about to…) but I highly recommend saving enough that is comfortable for you.

Many personal finance guys, like Dave Ramsey, recommend only keeping $1,000 in an emergency fund until you pay off debt. While I see where he is coming from, $1,000 isn’t all that comforting to me. Even though I know it would make more sense mathematically to put extra money towards my student loans, I feel more comfortable with a larger emergency fund.

How I built my emergency fund

When I graduated, my brother-in-law (a finance guy) suggested an online Capital One 360 Savings account to me. I started one and I still use it and love it. In fact, I just added my fiancé to the account so we can start saving together.

An online savings account might sound weird but let me explain. You can do all the same things with an online account (like deposit checks using an app, withdraw from ATMs, etc). They give you a better interest rate than physical banks because they have no brick and mortar store to maintain.

I actually enjoy the fact that it’s online because it is convenient, but not too convenient. I don’t have a debit card attached, so unless I need it, that money is untouchable, but accessible. If you tend to spend whatever is in your bank checking account, I highly recommend looking into an online account.

I have multiple bank accounts, but honestly, CapitalO ne is my favorite because it lets me set savings goals. I link it to my regular bank account and have money automatically sent to my emergency fund. It’s so easy and it keeps me on track and organized with my goals.

Capital One is doing an awesome deal right now that if you sign up here with my referral, you will receive a $25 bonus if you open an account with at least $250 in it. Yay for free money!

How much money do you need in an emergency fund?

Look at your expenses. If you don’t have a car, maybe you don’t need such a big emergency fund. If you are debt-free, I would encourage you to build an emergency fund worth 3-6 months of expenses.

If you have a lot of debt, saving money might be a challenge for you. I would encourage to aim for at least a $1,000 emergency fund for an individual.

An emergency fund is important, but it isn’t easy to fund it if you’re struggling with debt. Eliminate as many expenses as possible and pay yourself instead via your emergency fund. Set a realistic, but ambitious goal of when you can achieve a fully stocked e-fund.


In short, an emergency fund might seem daunting to fund, but ultimately, it has been my hero more than once. In order to get any finances in order, having an emergency fund is one of the first things you need to do.

How do you manage your emergency fund? How many times have you had to use it?

10 Ways You Should Invest in Yourself (Even While on a Budget)

Admission: Yes, I have a finance blog. Yes, I am good with money. But here is the secret…I sometimes hate my budget.

I become bitter that I don’t have the money to invest in myself and the things I want or need to do. Whether it be graduate school, a nice car, or a manicure, there are so many times that I have just wanted to give up.

What I realized is that I was being TOO tight with my budget. I skipped doctor appointments, never bought any new clothes and I beat myself up every time I succumbed and bought a latte. I decided enough was enough. Life doesn’t stop just because I am in debt.

Yes, debt is my main priority but it became apparent that if I don’t start investing more time and money on myself, I will lose endurance in the long-term. Here are 10 ways I am investing in myself this year (and things you should do too!)

  1. Healthy food.

    Junk food and fast food can seem cheaper, but the effects it has on your body is enormous. Additionally, bad habits set in your 20’s are difficult to break. Paying a little extra and making a little more time to cook healthy meals is so worth it for now and the long-term.

  2. A monthly clothing budget.

    Without it, I felt deprived and would splurge later. Keep in mind, this is a very small budget, but I allow myself to buy about one new shirt a month, or I can save up for a really nice piece.

  3. Committing to learn new skills.

    Graduate school is my ultimate goal, but I don’t have the money for it now. So I am committing to learning new skills, like website development, blogging and coding. Blogging has been such a learning process for me. I also have made it a goal to read a book a month. No matter what you’re doing, always commit to constantly learning.

  4. No more skipping doctor appointments.

    Like buying healthy food, regular doctor appointments are a must. Your health will thank you, and you are preventing future health issues, and saving more money in the long-run.

  5. Travel.

    Living 1000 miles away from my family gets sad! I make sure I don’t deprive myself too much of visits, especially during the holidays. As a travel addict, I make it a point to save for vacations, too.

  6. A latte (once in awhile).

    Sometimes a girl just needs a PSL, okay?

  7. Having an emergency fund.

    Bad things will happen, and it is saving my future self from going into more debt with a credit card! It can be so tempting to use the money on other things, but this is probably your biggest life saver as a young adult.

  8. This website.

    I pay a little bit every month for the domain. Especially when I was first starting and no one read it, I wondered if it was worth it. But it is helping me develop my skills so much that I consider it an investment.

  9. Saving for retirement.

    This is hard to do when I have debt, but I make it a point to save a little bit of each paycheck. Even if it is just 1%, you are saving for your future. I would recommend aiming to save whatever your employer will match, because it is essentially FREE MONEY!

  10. Paying off debt.

    It isn’t fun, but keeping the goal of graduate school in mind makes it an investment in my future.

Investing in yourself might not seem like the most financially responsible thing to do, but without taking care of and developing yourself, you won’t get far.

Do you have any other must-haves? How do you invest in yourself? I would love to hear!


3 Tips to Simplify Your Budget

Have you ever heard of flexible dieting? To sum it up, it is a “diet” where you can eat nearly whatever you want as long as you meet your macros (nutrition word for hitting your major nutrient objectives each day).

With this diet concept, a dish of ice cream or wine won’t necessarily set you back, because you can compensate throughout the day. It is all about balance, which I believe in fully.

The same concept can be applied to your budget. No two months are the same so I found it difficult to stick to very strict, specific budgets. Simplifying my budget has helped me immensely, and has taken much of the stress out of finances. Here are 3 tips for simplifying your budget.

  1. Make as few categories as possible. My budget includes the following: Shelter, car, savings, debt, phone, insurance, and spending money. These are catch all categories. For example, I include car payment, gas, and maintenance all in my car budget.
  2. Create monthly and quarterly goals. Realistically, we all have off months. Stick to a general monthly budget, but I find that a quarterly evaluation of my budget is much more fair and realistic. For example, my December budget is not typical because it includes gifts and travel.
  3. Try apps like Mint. This automatically keeps track and categories your spending when you link it to your bank account. So easy!