Mo’ Money, Mo’ Problems

On June 25th of this year I celebrated my one-year service anniversary with my employer, I also celebrated a raise in pay and  a move to a different tax bracket. One would think that a change in tax brackets would have me jumping for joy, well like the song says, “Mo’ Money, Mo’ Problems.” I believe that the moment I became a mother I willingly signed over any future paychecks for at least the next eighteen years. It is by my own admission that I am a very frugal person, and a raise in pay has not changed that fact. Like a lot of adults (who were once young and irresponsible) I made my share of financial mistakes between the ages of eighteen and twenty-four. Mistakes that at the age of twenty-eight I am working to clean up. Cleaning up your financial situation is no easy feat and I am not here to give anyone a tutorial on credit and financial repair. (To be honest I have no real clue how to repair anything, especially credit)

However, I picked up (well downloaded) a few books on becoming financially free. One of the books that was particularly eye-catching on Google Play Books was a book called, “The 25-Day Money Make-Over for Women” by Francine L. Huff. As I read the content description and the reviews it was revealed that this book was not only in the self-help genre but also faith-based.

The 25-Day Money Makeover for Women by Francine L. Huff (photo courtesy of BarnesandNoble.com)

The 25-Day Money Makeover for Women by Francine L. Huff (photo courtesy of BarnesandNoble.com)

I will not give you a play-by-play on the content of the book, however I will recommend that any woman who wants to work on bettering her finances and money management download or order this book.

Saving money  for me has never been easy, I remember when I was a little girl and my granny would say, “Is that money burning a whole in your pocket?”  because as soon as I got it I had to spend it. Sometimes I have to ask myself that very same question. When you actually sit back and ask yourself where your money has been spent, most of the time you can’t account for what your purchased. $2.00 on coffee here, $5.00 on lunch here, $25.00 on this dress there. I sat down one-day and attempted to account for all the money spent  on  lunch during the week and I figured that I roughly spend about $50.00 a week which is about  $200.00 a month. (Doesn’t seem like a lot but over time it becomes a lot.) So I have made the commitment that I would carry my lunch four days out of five and only buy lunch on Fridays (which are also my cheat days for eating healthy so it works out). To go along with that I have also began a 30-Day No New Clothes Challenge. While scrolling through my Instagram news feed I noticed that one of the women I was following was doing a no new clothes challenge, meaning that for a set amount of time she was not going to buy any new clothes, she was going to shop her closet for new and different combinations. I thought to myself, “Self, this is a good idea and a great way to save money. Let’s do it.”

Today's Look (Day 3) 7.18.13 Hot Pink Tank Top (H &M) Electric Blue Jeans (JCP)

Today’s Look (Day 3) 7.18.13
Hot Pink Tank Top (H &M)
Electric Blue Jeans (JCP)

And so it begin, my personal money-saving challenge, that will also allow me to tap into my inner fashionista. I am looking forward to having a little fun with mixing and matching and saving money all at the same time. In the process I know that I am doing myself and my bank account a huge favor. I will provide updates as I continue my quest to find ways to repair my money matters. What are some of the ways you save money? What motivates your buying habits?

Go forth and look great!

Sincerely,

BmarieSignature

*Update* I had to start my 30 day challenge over on 7/21 because I caved to the pressure of purchasing some really cute slacks from The Limited during an extra 40% off sale.

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