{Cash Is Fab} How One Girl Resolves to Never Use Plastic Again!

This morning I was cleaning out old files from the computer, aka procrastinating writing my next blog post, when I found an old resolution. I wrote in it December of 2013 but never posted it.   I decided to post it today, however, to show what a year of working toward financial goals looked like for me.  I encourage you to write down your goals so you can have a reference of just how far you have come and then take a step back and acknowledge your progress.  Check out my 2014 financial goals  below:

Cash Is Fab! How One Girl Resolves to Never Use Plastic Again!

Some people hear the word “resolution” and immediately shutter. I on the other hand, look at resolutions as a new beginning… a do over to do better. Hey, if you don’t like the word resolutions, substitute it for goals because everyone knows that goals are AWESOME! This year I resolve to pay off my credit card balance before my birthday in August, kick start my snowball toward financial freedom, and say no to plastic forever (ambitious, right?).   I am working toward this goal by paying a set amount every two weeks (each payment over the monthly minimum) and doing the 52 Week Money Challenge (Bingo Style) every Friday. If I were okay with just paying the minimum, it would take me 4 years, instead of eight months, to complete step one of my financial plan. The Bingo version of the challenge plays a big role in completing my financial resolutions because if I am having a tough financial week, I can pick a lower amount to save. Once the credit card is paid off, my monthly credit card payments (including the 52 Week Challenge savings) will become extra payments to my student loans and so on until I have zero debt. I keep myself motivated by constantly reminding myself and my accountability partner, The Mr., of my ultimate goal to pay of all debt, credit card, student loans, and mortgage in the next ten years. If I can’t afford to pay for it in cash, I can’t afford it!

Currency in envelope

Now, one year later my credit card balance is not a concern because it is non-existent.  I sometimes forget about the stress that carrying a credit card balance had on me.  Yes, I paid my credit card off and before my target date by doing this risky move, which worked and then immediately backfired.  I also think about how my snowball plan for my student loans has been transformed into a snowball for my October wedding expenses to the Mr.  Boy oh boy, what changes can happen in a year.

cropped-logo-twitter2014.jpg

Finish the Sentence: I Resolve to ________

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Email SMC: shemakescents@gmail.com

6 thoughts on “{Cash Is Fab} How One Girl Resolves to Never Use Plastic Again!

  1. This is AWESOME! I love your blog. My goal this year is to also pay off y credit card debt. My goal is to have it all paid off by my birthday which is November. I just paid off one credit card and have 5 more to go. I am also helping my son pay off his because he has since become disable at the age of 21. Therefore, my process to paying off my cards has slowed down but I have hopes that both his and mine will BOTH BE PAID OFF BY NOVEMBER. Yes, I am extremely motivated. 🙂

  2. I’ve been going through your blog and I think what you’re doing is just fabulous! You show people that they don’t have to be ashamed of debt, but you also prove that getting rid of it is possible and manageable! I run a blog at citygirlsavings.com and this is exactly what we strive to do for our members. I’d love it if you checked us out sometime! Thank you for such doing such fantastic work!

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