Tag: finances

#53 Start Investing

Fantastic news everyone! I saved enough money to start investing.

Which I have indeed started investing already. I started small by putting a small portion of my savings in a low risk investment portfolio and just let that sit there.

But then as investing goes you start getting more curious about stocks and then you do some research. End up buying more and more. Which then I took about half of my savings and spread out investments all over.

I’ve set myself up for mostly long term investments as I would rather try to place my bets in a safer place. Alas markets can always change so there is nothing that is actually safe, but for the most part my investments are in low risk areas which I feel better about.

There isn’t much else to say on this goal, but a quick update for it just to show that it is in motion.

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#51 Budget

Savings and Budget go hand and hand for me, so obviously this was going to be the next post. The budget properly happened  when I finally started focusing on my savings more because the only way for me to do anything with out touching that savings money was to budget.

If you saw my last post I mentioned I was being aggressive with saving money and because of that I’ve had to be really careful with what I spend money on and really thinking over every aspect of what I can and can’t afford. When I first started my budget it was difficult just cause I was used to just paying it off whenever, but now that I didn’t have the full safety of my full income it made me refocus and go through all my payments.

I started by going through every single subscription and monthly payments that I had. I ended up cancelling a few and going to cheaper subscriptions and it ended up that I was paying around $100 in things I didn’t even care about or use that much. I then stopped eating out every week and now I think I only go out once or twice a month.

The hardest thing for my budget has been when I want cool things. So I usually take a few weeks to decide if I really want something and if it’s just not in the moment. For the most part my thinking has led me to buying the stuff, but I’m glad I thought about it for a few weeks to prepare the money for it and make room in my budget. That way I can still have fun, but also have enough money to live.

Whether I will always stick to the budget plan I have now I don’t know, but it’s been working for me for a while now and I think I’ve developed good habits that I intend to use for the rest of my life.

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