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I Got My Summer Refund Check!

  It’s my favorite time of the semester you know the one where free money is involved?! My semester started a week ago and my refund posted shortly after. If you’ve been reading my blog or watching my YouTube channel, then you know I am a champion for scholarships and free money. This past year my employer decided to pay for doctoral degrees in full which greatly assisted in my debt free journey. Figure 1: This is a thumbnail of my latest YouTube video “I Got My Summer Refund Check” where I am sitting in my office with my hand under my chin with a smile while looking at the camera. Although my schooling is paid for, I still have several scholarships that provide some overage. My goal is to not only obtain my doctorate degree for free but to make money while doing it! This summer I received two scholarships for $500 each for a total of $1000! One scholarship was given to me by the university without me having to apply while the other is for my work with a local community college.  With

Adult Daily Living Skills: Budgeting

 

(This is a thumbnail of my Adult Daily Living Skills: Budgeting YouTube video"


Over the last few months I’ve made a decision to become better with my finances. I'd gotten tired of getting paid only to portion out most of it to monthly payments towards my debt and not even having enough to cover the things I actually needed. Soon after I heard about a guy named Dave Ramsey on Instagram. Browsing through his social media I saw people paying off crazy amounts of debt that were much larger than mine and I decided to do the same. I started this journey with taking his financial assessment that placed me at step 2 of the infamous “Baby Steps”. In step 2 you are paying off debt using the debt snowball and gaining control of your budget.

(This is a phot of Dave Ramsey's 7 Baby Steps)


 I gained control over my budget through the Every Dollar budgeting app and The Envelope Method. The Envelope Method is a budgeting strategy where you build discipline through sticking to your budget by putting cash inside of envelopes . First you create a zero based budget where you portion out every last cent. By the end of your budget there should be nothing left over since every dollar has a purpose. I typically do this at least one week prior to getting paid so I can have time to really focus on my budget. Once my budget is in place and my check has landed I head to the bank with my budget in hand. I give the teller the exact increments of cash that I need and then I place them in my envelopes. Easy right?!  This process has helped me tremendously ! Since I have started I not only know where my money is going but I actually have some left over to double my payments towards my debt ! If your interested in learning how I do this check out my YouTube video below for more information. 

SUBSCRIBE: Adult Daily Living Skills: Budgeting with the Envelope System

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