Tuesday, March 12, 2013

Re-arranged the Budget

Due to my demotion and shift in monies, I reworked my budget to fit the short term needs of food, car, gas while including longer term goals of paying off my loans and taking an October family visiting trip.

Depending on my hours, I should be making around 400 plus all the way down to 350ish. Splitting the paycheck into $200 student loans and $150 for two weeks and savings is my new plan. I don't spend $75 dollars a week on food, gas and luxuries. The monies left over from the $150 over two weeks goes towards car repairs and my long term vacation goals.

All and all, I'm paying $400 a month towards loans. My tax return is also going straight to getting this burden off my back. Luckily, I've been working since sixteen and my savings covers most of my education. Being a first generation college student, I did mess up on my community college credits transferring. To graduate on time (2013), I took summer classes. There isn't anymore financial aid available for the summer and I paid the whole semester with a 5,500 loan.

Five thousand is a lot of money, but in comparison to the national average $26,600 per student...
I also took five years to finish my bachelors. I use to feel shameful, but, HEY, a degree is a degree!

http://cloudfront.inthecapital.com/files/2012/09/student_debt.jpg

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