How I Reached My 2020 Money Goal Despite A Financial Pandemic

At the beginning of 2020, I set a goal to get my mortgage balance on our rental property under $40,000. I wrote the goal down on a post-it, shared it in the #SMCMoneyTribe group on Facebook, and dedicated one month of my SMC Money Challenge savings toward a large principal payment on my mortgage. Four weeks later, the Coronavirus pandemic hit followed by a financial pandemic and I forgot all about my BIG GOAL. At that point in 2020, my focus was trying to find toilet paper and make sure my family was fed.

Top Atlanta financial blogger, Danielle YB Vason, shares how she reached her 2020 money goal despite the financial pandemic

I started the year with “discipline” as my power word but “pivoting” became more appropriate. I had to pivot when some of my income sources became unreliable and my 2020 money goal got further and further out of focus. Then one day, after months of quarantining, I found my little post-it displaying my BIG GOAL. I took a moment and thought about how it would feel to have my mortgage look like most people’s new car payment. I thought about the long term money goals that my husband and I have for our family of three (plus 2 fur babies). Then…I thought about what it would feel like if it was paid off completely. Could I reach my goal by getting my mortgage under $40,000.00 this year? I wasn’t sure, but I sure as hell was going to try.

Since I wasn’t planning on traveling anytime soon due to the Coronavirus, I pivoted and used my travel sinking fund to make a principal payment in addition to the monthly mortgage & escrow payments. Then anytime I had extra money from a sinking fund, I would send another payment. One principle payment was as low as $15.00 but I didn’t care because that meant I was $15.00 closer to my goal. On December 11, 2020, I sent my last principal payment of $80.00 and with that payment, I hit my BIG MONEY GOAL for 2020. My current mortgage balance is $39,977.20. I am so proud of myself and I can’t wait to see what 2021 brings.

I walked into 2020 with excitement and hope. I plan to leave it with excitement that I survived and gratitude for both the big and small wins of this year.


WANT TO REACH YOUR 2021 GOALS?

Invest in your money and lifestyle goals with the #SMCMoneyTribe by following along. You will be informed, inspired, and empowered to use your “cents” to live the #fablife.


2018 February Recap | 52 Week BINGO Money Challenge

We are approaching week ten of the 2018 She Makes Cents 52 Week BINGO Money Challenge and I must say, that this year’s money tribe is the most committed tribe we have had in three years.  For those of you who may be new to this blog, the She Makes Cents Money Tribe (SMCmoneytribe) is an uplifting community of women from all over the world that supports each other’s financial journey and savings endeavors.  Every week, we share our wins, big or small and celebrate each other’s progress.  At the beginning of the year, it is easy to be motivated by the “newness” of everything, but as the year goes on, many people find it  Generally, the month of February is when most people abandon the goals and habits they resolved to attain.  In fact,  according to Business Insider,  80% of people fail their New Year Resolutions by February so the #SMCmoneytribe is going strong means that we are beating the odds with our money goals and resolutions we made for ourselves at the beginning of 2018.  WAY TO GO, TRIBE!

How To Save Real Money With This Money Challenge | February Savings/Income Report 52 Week Bingo Money Challenge from Money, Career, & Lifestyle Blog, She Makes Cents

How To Save Real Money With This Money Challenge | February Savings/Income Report 52 Week Bingo Money Challenge from Money, Career, & Lifestyle Blog, She Makes Cents


February Recap: 52 Week BINGO Money Challenge

Back in January Recap of the 52 Week BINGO Money Challenge, I shared a MAJOR goal to have my student loans PAID IN FULL by October 2019.  In order for me to reach this big money goal, I have to aim for smaller milestones along the way.  For the month of February, I saved a total of $210.00 on this challenge by crossing off $45, $15, $50, $49, plus a $51 bonus.  Every week, without fail, I select a number from the She Makes Cents Money Guide and I send that amount to my student loan provider.  Additionally, since the Mr. and I are knocking out this debt together, the Mr.’s contribution of $250.00 helped us to send an extra $460.00 (in addition to the monthly payment) toward student loan debt.

This time last year, I had over $18,000.00 in student loan debt with a goal to get my student loan balance to $12,505.00.  Not only did I hit that goal, I surpassed it before the end of the year.  By January 2018, I had a balance of $12,505.00 (the extra $5 was because of the daily accruing interest) and I closed the month of February at $11,378.37.


How to Join the 2018 SMC Money Tribe

How to Join the Best Money Saving Challenge - from Money, Career, & Lifestyle Blogger, Danielle YB Vason of She Makes Cents

The new 2018 SMC Money Tribe Facebook group will serve as a “home base” for the #SMCmoneytribe.  There you will be directed to fill out a quick registration form and download the money card. This is a space for active members and as a member of the SMCmoneytribe, you will gain exclusive content, motivation, and financial tips and tricks that will help you whether you are saving to pay down debt like me or saving to take a fabulous trip or two in the new year (also me).  This year, you will have the option to do your weekly check-ins on Friday and/or Saturday on all of our social media handles to make it easily accessible to people who are only active on certain platforms.

HERE IS HOW YOU CAN JOIN THE TRIBE & THE MONEY CHALLENGE…

  1. Join the SMC Money Tribe Facebook Group
  2. Complete the registration form to select your weekly check-in date
  3. Follow She Makes Cents on InstagramTwitterFacebook
  4. Pick a savings goal & get ready to save some $$$$ in 2018

    shemakescents header image - 2018