This post is a little unusual for the blog, but I think it goes well with my 2017 One Word Resolution and 30 Before 35 goals. Plus, because the country seems constantly in peril these days, it seemed like a good time to talk about personal finances – a.k.a. saving money for both adventure! and rainy days (or unforeseen catastrophe).
Making time for creative work, geekery, and traveling is so worthwhile to me, but that also takes money. And yes, I do work a day job and save when and how I can. What I would really like to do though is have a clearer view of my funds and where they’re going.
So for that, I checked out Earnest’s Money Saving Challenge for 2017. They have this neat year-long chart with recommendations on an easy way you can save money for each month, as well as interesting money stats (like the average amount of money people spend on Christmas gifts).
Here’s what my first quarter looks like with my personal goal in March to spend less on treats. This mostly means books because I buy way too many, but it also means like random geeky things like T-shirts and toys. Do I really need another Star Wars shirt…?
The rest of my personal goals were:
- Review my financials – map it out.
- Set up an emergency fund.
- Set up a Big Expenses fund (for travel or more Hamilton tickets)
At the start of this post, I said this paired well with my other goal posts, and it does because dealing with your money is like a foundation of Adulting – and it’s really one I’d like to work at. I’m also aware that a lot of what I can do is possible because of my personal circumstances- one of the big ones being I didn’t have to take out student loans for college. So I at least don’t have that debt to worry about, but I know it is a very common thing for most people.
Setting up small but achievable saving goals like this can help with that, and there are other options – like Earnest’s student loan refinancing. Personally, I’m just trying to be better about knowing where my money is going and keeping to more consistent saving habits. And besides, better saving does also mean more cash in the future for the really fun stuff – like going to Comic Con or booking that flight to New Zealand for the most epic of LOTR sightseeing trips.
If you’re interested in making your own Money Saving Challenge sheet, here’s the full sheet. March, June, September, and December are for you to make your own!