I moved to New York when I was 22 and got a job in fashion. Of course I racked up credit card debt. You know that percentage of your income they tell you not to exceed for your housing? I exceeded it and I tried to keep up with the other girls in the industry, who were most likely also spending into debt. In the 10 years since I’ve had ups and downs with my debt and I’m ready to get this monkey off my back once and for all. I want to take vacations with out feeling guilty and stop throwing money out the window for interest month-in and month-out.
This year I have several specific goals:
- Make a realistic budget and stick to it! This was an exact goal last year. I failed. I made a budget. I tracked our spending, but I didn’t change my habits and I didn’t really on-board my husband, so we couldn’t do it together as a team.
- Pay off credit cards
- Find the spending tracking app that works for us
- Consult a financial planner
- Build our shorter term savings in addition to my 401K
Bigger than these financial goals, I want to start a conversation about money. I'm terrible at talking about the subject. But when you start to open up, you realize you're not alone. Until about 6 months ago, my husband and I never really had a serious conversation about money. How ridiculous is that!? I’m sure we're not the only marriage that brushed over the subject. Recently a couple close friends and I have disclosed how much we make and upon hearing numbers it shifts my perspective and in most cases encourages me to “lean in.” So many of us face the same problems, I think there’s room to discuss the topic of money a lot more.
photo: Hello Fashion Blog