In March of 2011, I deleted the first version of my personal finance blog, Blonde on a Budget. At the time, I had convinced myself that I didn’t want to talk about money anymore. What I failed to recognize is that I was really just sick of budgeting and wanted to have some fun.
Three months later, I have had a lot of fun and, as a result, I am maxed out. What horrible words those are to say, let alone attach to your own financial situation. As scary as it is to be maxed out, there is a peace of mind that comes with knowing you cannot further yourself into any more debt than you are already in. Nonetheless, I know my situation is not good.
I have a lot to accomplish this year. Not only do I plan on lowering my debts by at least $1,700 per month but I need to learn how to enjoy life with what I have and stop indulging in things I don’t really need; this includes eating out less, working out more, and basically never shopping again! :P
I’m single (which may or may not be advantageous), work full-time (annual salary is approx. $51,000/year), go to school part-time and have approx. -$28,115 of consumer and student debt. There are going to be weeks where I will want to give up again but the feeling of being maxed out is one that I will never forget. I believe it will fuel the drive I am going to need to accomplish all of my goals.
If you read my blog before, hello again. For those of you who don’t know me, my name is LC, and I am a maxed out blonde on a budget.