{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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{Show Me the Money} Tuition Bites Six-Month Review

UPDATE: TUITION BITES HAS GONE OUT OF BUSINESS

She Makes CentsSix months ago I signed up for a service that claims to help people pay off student loans by shaving years off of a student loan repayment term and saving thousands in interest over the life of the loan. I decided to try it using my own student loan debt information, record my progress, and give honest feedback.

Welcome to my review of Tuition Bites!

Signing up on the site was very easy and within minutes, I had my very own online storefront. According to Tuition Bites, they have a “new featured item available for all our members to promote through their storefront”, however, since signing up six months ago, I have only been able to feature discounted Starbucks gift cards because the “new featured item” is always Starbucks! While I LOVE Starbucks and love getting 10% off a $25.00 gift card, I found it difficult to get others excited about checking out and buying from my storefront if the product never changes.

Show Me the Money!Tuition Bites

Regardless of what item is being feature, the goal is to sell so that a portion of every order, 25-30% depending on the item, is direct deposited into your linked account. To be honest, I was a little worried about giving my account information to a website I wasn’t very familiar with, but I must say that they are quick to add your financial cut from the sale(s) to your financial aid account. My first month I had three sales- one from me, one from my dad, and one from a cool She Makes Cents reader which equaled to about $20.00 paid directly to Sallie Mae.

My Verdict

I must admit that because the product only changed once…from $20.00 cookies to a Starbucks eGift card, I quickly lost interest in promoting my storefront. That’s the only downside I see. Like I said before, if it features affordable products that people like or want to try, something that saves money of things you regularly buy, and helps pay down massive student loan debt, then it could be a worth the time it takes to promote your storefront. In a culture where time is money, it is only worth the time, in my opinion, if there were more product options for people supporting your storefront.

Final Grade: B-/C+

How are you paying down your student loans?

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