Tag Archives: student loan

Minimalism is a Privilege

I’m usually a big cheerleader of minimalism. But what if it’s the only realistic option?

Brandon and I have been paring down, spending less, and trying to minimize every part of our lives over the last few years. Although I still believe I can always get rid of more Stuff, I’ve hit the point where I have to stop. For now, anyway. Even though I have completed my student loan payments(more on that later in this post!), because I’m making very little income, it’s hard to truly appreciate the moment. I’ve started to wonder if I need to start selling things to continue experiencing my current lifestyle. Let me tell you, that lifestyle consists of having an apartment and occasionally buying bus tickets for temp work – I’m not extravagant, even when I can afford it. I’m understandably a bit concerned about my future, but mostly worried about when the hell I can get my hair cut again. Serves me right for getting an asymmetrical cut that I need to get trimmed once a month(I love it, but probably should have waited until my income was more stable).

Think about all the minimalism tips out there. Think about all the ways to “save” money. Go thrifting instead of buying new – yes, but you’re still shopping and spending money. I generally hit up the Goodwill once every season, but only if I need something specific. The Latte Factor only works if you are already spending $5 a day. That would be a luxury for me right now, and I find it wasteful even when I do have that extra cash(it’s…been a while since I’ve had extra cash). Clothing swaps are the best and, in my opinion, the most fun way to find clothes – but it’s a gamble if your friends aren’t all the same size(which isn’t realistic to most friend groups anyway).

While my current minimalism may be somewhat “enforced”, it’s not the end of the world. Even if I feel like I’m struggling, I know I’m not alone. Brandon and I are going through some tough times right now, but we’re going to make it to the other side together. Things will even out, mainly because I believe they have to, after all the drama we’ve been put through. (Seriously 2016, why are you so awful for everyone?)

My financial goals are small. I’d like to be making enough income to start saving again. Literally any amount would be acceptable – even $5 a month. I’d like to have a bit of money socked away by October, so Brandon and I can take 2 or 3 days off for our anniversary. A vacation isn’t realistic until next year(fingers crossed we have the time and money for a whole week off), so I’m keeping my expectations low. I’ll say I’m going to pay off my credit card by the end of the year, but I’ve been putting more money on it lately, so I will simply see how close to $0 I can get. Next year, I’d like to be able to pay it off every month. But we’ll get see what the next 6 months bring us, yeah?

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Now for some good news! I PAID OFF MY STUDENT LOAN!!!


I want to thank everyone who left comments here, on Twitter, and Facebook. Writing about this kept me motivated, and I kept it a priority because of you. While I am not left with a lot of money now, it’s been a huge relief to get that debt off my proverbial plate.
Here’s hoping July and the last half of 2016 is better for all of us – financially and emotionally.

My Shopping Ban: Is Done!!!

Welp, May was something else.

Reasons June will probably be better:

– I might get a day off work (more time for reading and Netflix!)

– my student loans are completely paid off (more on that in a moment)

– Time with friends (schedules TBD)

– more money coming in if I get a contract (savings? Currently unfamiliar with that term)

– maybe maybe maybe spending a little bit o’ money on my self (thinking pedicure)

Let’s start with the big news. My student loan. It’s done. Paid. Gonzo. The last automatic payment was transferred early this week, and I couldn’t wait to get rid of the rest. Made a payment for the last $88 yesterday, and look forward to receiving one of those nice letters congratulating me on paying off the loan. My next step? Paying off my credit card by the end of the year and saving money on top of all that.

May wasn’t a very spendy month. The Beyoncè concert (which was bloody cold, but amazing) resulted in a $55 tank top, which was lower than what I originally budgeted for merch. After buying a denim jacket for $8 (it fits my She-Hulk shoulders!!), I visited Winner’s (after Goodwill did not have all the items I was looking for – always try secondhand before buying new, friends) a knee-length dark denim pencil skirt and a navy blue knee-length knitted vest(with pockets!). Haven’t bought new clothes in a long time, but I’m happy to report I’ve been wearing both a couple times a week since the purchase. With that purchase of $52.48, my clothing expenses came in under my desired budget of $150.

I’m not going all out like I thought I could previously. Instead of spending $200 on myself in June, since I spent over $100 on myself in May, I’ll fold that into my “reward budget”. Which is why I’m going to attempt book a pedicure this month. That’s about all the self-care I can handle right now.

As of this posting, I’m hopefully relaxing and reading on my day off from work – but more likely cleaning the house because why would I ever stop doing things? Ugh, I need someone to fix my brain BUT AT LEAST MY STUDEN LOANS ARE PAID OFF.

Later, nerds. 🍷

Quick updates on life

Haven’t written in a while. Currently working two jobs, the second one ending at 10pm – not much time for writing. Or rest. But some money is coming in, so the next couple weeks should feel a bit better, financially.

My student loan is around $300. I put $15 in this morning, and have been pretty good about keeping that habit up. Another $200 will go out about 10 days from now, and then I’ll pay off what’s left with part of my latest paycheque. After that, I’m setting aside a bit of fun money (may be more like $100, rather then $200) and spend a bit on myself in June. Then back to crushing my credit card debt. I’m hoping to start saving a bit every month as well, because that would be smart and I should have been doing it all along, but whatever! Life sucks, but I will start saving money for when it gets better at some point. 

So, two jobs. My agency called me last week because a call centre had been set up to answer Fort McMurray fire related questions, so I’m there until the end of the month. Again, tired, but it’s not a bad job. People are nice, and I can read when the phones are slow. 

Speaking of reading! In the last week or so, I’ve finished “Black Widow: Forever Red” by Margaret Stohl, “Dead Girls Don’t” by Mags Storey – both amazing YA mysteries. Would highly recommend you seek them out. 

My Shopping Ban: Creating a Plan

Since I last wrote about my ban and student loans, I’ve since acquired a job, both dealt with and removed stress from different areas of my life, and am in a better place emotionally.

I spent some time one evening plotting out a payment plan to squash my student loan once and for all. Since I am being paid weekly, I will be taking out $15 of each paycheque and put it towards the debt. Doesn’t sound like a lot, but it is over and above the $200 I already have going out at the end of the month, so it adds up over time. My final $200 will be taken out of my account at the end of May, and I will pay the remainder (I’m estimating it to be around $100) that week. My personal deadline will be Friday, June 10, to send off my final payment.

It feels unreal to be this close. I grow impatient and want to pay it all LIKE RIGHT NOW, but I don’t have the money like right now. This way, I can pay it off and still grow the cushion back in my main bank account. I’m hoping with this job, I can put a bit into savings as well.

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I’m getting time before the busy season to catch up on some reading in my lunch hours, which has been a nice treat. In the last week, I’ve read Letter 44 Vol 3, Astro City Vol 1, and am currently halfway through Civil War.

Letter 44 has been amazing, and I’m crushed we’re sold out of the single issues in store because I really really want to keep reading, but will *hmph* patiently wait for the next collection.

Astro City is kind of interesting. I may check out volume 2 to see if it’s enough to keep my reading.

And Civil War is making a bunch of stories I know make a bit more sense, so while it’s not great, it’s filling in a bit more of the timeline for me.

Otherwise, I’m reading Watchmen for book club, and it’s to be expected. I find it offensive, and boring, so congrats on doing that, writer dude.

Borrowed The Best Laid Plans (which won Canada Reads a few years back) from my dad, and I’m enjoying it enough.

Generation X is on the bottom of my bedside table book pile. Does that book make sense to anyone else? I’m thinking it didn’t age well.

My Shopping Ban – Under $1000!

So February was a great month for paying off debt. Not a great month for earning money, but I managed.

I’m officially signed up with two temp agencies, so hopefully I will pick up a contract every so often and be able to save some money after I’ve paid off my student loan. At the end of last month, my loan is down to $885.65 owing. With my current monthly payments of $200, I can have that paid off by July. With my shopping ban, and depending on whether I find any admin work, I’d like to pay that off as quickly as I can. Say, by the end of my shopping ban? Paying that off in only two months may be a lofty goal, but I always like to aim a bit higher than I truly think I can manage.

February knocked $300 off my loan, and I’m very happy about that. March will likely only be $200 – again, more money is dependent on if I am earning some side income from the store.

Don’t have much to report elsewhere regarding the ban. Haven’t been anywhere besides the grocery store and work, so no temptations. I’ve been invited out to some things that I won’t be going to, but usually the invite is a frugal event anyway. Mainly the cost of healthy snacks, and I don’t count food as a frill.

Save well, friends!