Exciting news for Financially Fit & Fab! You can find us on Youtube! You can now expect a mix of blog articles and videos posted to the site.
Check out the very first youtube video below: 6 Surefire Ways to Increase Your Credit Score.
Make sure to follow us on Youtube here.
Is there a topic that you think would be great for video? If so, let me know in the comments or via email at email@example.com.
Earlier this year a post from Business Insider titled “How Ebony Horton paid off 220,000 of student loans in 3 years” gained a ton of attention on social media. Although the goal of the post was to be motivational and encouraging, it generated a ton of backlash. Many readers and those in the personal finance world felt like the post and the task completed were unrealistic for the average millennials.
I sat down with the woman featured in that highly discussed article, Ebony Horton. I wanted to get her insight about how she paid off 220,000 of debt and let her tell more of her story in light of the backlash.
Check out the latest post which is a guest post by Elena which gives you tips when attempting to cut your budget. Please see her bio at the end of the article.
When you are barely making ends meet, it is critical that you implement a strict budgeting system to manage your expenses and, ideally, save money at the end of the month. Like all other plans, financial planning requires some homework. That is why you need to keep track of your expenses even before you start controlling them. Get to know about all your expenses and your spending habits for at least one month. Monitor where the bulk of your money is going apart from your mortgage, rent and grocery bills.
Include all purchases big and small and take them into account at the end of the month. Carry a small notebook with you to jot down every detail so that you don’t skip anything. You can also benefit from several mobile apps to have a financial budget app right in your pocket. This way, updating your expenditure list will be trouble-free.
I finally did it! I took my first solo trip. By solo trip, I mean I actually took a trip by myself. In the past, I have flown alone many times but typically it involves meeting a friend or group of friends.
You are probably thinking – Tia, why would you want to travel alone? Well, there are a couple of reasons I decided to take my first solo trip.
- It got me out of my comfort zone.
- I had the flexibility to do whatever I wanted to do, whenever I wanted to do it, with as much or as little money as I wanted to spend.
- There was a landmark I wanted to visit (the National Museum of African American History and Culture) and I didn’t want to wait for others to get ready to travel with me.
I am not going to lie. I was nervous. Prior to this trip, I would rarely go to eat by myself. Let alone visit a different city for a weekend by myself. Therefore, this was a real stretch. In addition, one of the great things about traveling with friends or family is that you can split some of the costs (transportation and hotel especially). However, now that the trip is over I am so glad I was able to travel solo and stay within my budget.