When we last saw our hero, she was carefully organizing her plan towards a financial comeback after having filed for Chapter 7 bankruptcy in early 2017. What has she been up to since then?
All right, let’s address the elephant in the room first. I clearly have not updated this website since June 2018 where I addressed how depression was just one of many contributing causes toward my financial turmoil that led to my bankruptcy. Let’s just say that things got hella wild after that post, and my life took many twists and turns that left me unable/unmotivated/uninterested to keep pursuing certain avenues in my life, such as this blog.
The motivation that I initially began with to turn my financial life around disappeared à la Thano’s snapping his fingers (sorry, not sorry, this shouldn’t be a spoiler anymore). This isn’t to say that my finances are in utter collapse. I’ve been able to stay on top of things for the most part, but there is still a lot for me to learn.
So, once again, dear reader, let’s continue to learn from each other and tackle our finances. Be a hot mess, but don’t be a financial hot mess! New tagline, who this?!
The first step toward bettering your money habits is to acknowledge where your money has gone.
Here’s a quick breakdown of where the hell my money disappeared to in 2018 according to my bank’s filtering system:
Using the filters to analyzed my 2018 spending habits isn’t without its drawbacks. There are a few expenses that my bank sometimes categorized into different categories. Expenses sometimes were sorted into different categories during different months. Example: A Visa credit card payment in one month was categorized under Financial, but during a different month wound up as Uncategorized or Personal.
I am also intrigued as to how it only came up with $239.97 as Travel when I took a trip to Peru in 2018, which was WAY more than $239.97. Small details in how the filtering system works, this overall snapshot still helps get a sense of where my money has been.
Having access to this quick breakdown will definitely factor into how I decide to handle my money this year. But let’s also be real, I’m going to make mistakes (YOU are going to make mistakes), but that is COMPLETELY OK. Don’t hold yourself to perfect standards AND MOST IMPORTANTLY don’t hold yourself in comparison to someone else and how they’re handling their money.
Look I acknowledge I have work to do. You should acknowledge you do, too.
However, I am also acknowledging the progress I have made. It doesn’t matter if other people think that my progress has been small. It’s my progress, and I am happy to see it have occurred.
My progress in 2018:
I am able to pay my monthly bills, and have money to use on “Food & Drink”.
So, consider the areas you have to work on, but also take note of whatever small or big progress you have personally made in your finances, too!
4 thoughts on “Wait, it’s 2019 already? Ah, shiiit. Where did all my money go?”
My bank filters 7/11 purchases as “travel” for some inexplicable reason 🙂
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Welcome back! I haven’t done an audit of where my money went BUT I already know I’ve met 1 of my 3 goals.
1. Keep up with student loan payments. (achieved)
2. Meet monthly contribution to family fund (achieved 6 of 12 months. Not going to beat myself up)
3. Pre-pay enough self-employment tax. (fingers crossed. If not, I’ve been good about setting aside a business savings.)
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Progress is always happening!
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