Super Financial Intentions

The New Moon always feels like a good time to set intentions* and this go round, I set intentions with a “Landmark Birthday” in mind. Granted, these intentions are lofty (they may be bigger than lofty but we’ll go with that) so I’m calling them my Super Intentions. Since this blog deals with my financial state, I’ve decided to share my Super Financial Intentions with you all.

Without further ado…

By my 30th Birthday/Life Anniversary, I will…

  1. Have erased at least 80% of my student loan debt (roughly $81,000).
  2. Have amassed a savings of $20,000.
  3. Have cleared ALL of my medical debt (approximately $2,700).

Now you are probably wondering why these are being called SUPER INTENTIONS? Not only is this month’s new moon considered a Supermoon (the moon looks larger because it’s a bit closer to Earth) but my Landmark Birthday is 504 days away. That makes these goals completely outlandish seeing as I take home roughly $1,900 a month.

These goals are so crazy that I was almost afraid to write them down but there is something about putting pen to paper that makes a goal seem more attainable. Now you’re thinking to yourself, “Okay Young. That’s cute. But come on, how are you going to do this?”

Short answer – I have NO clue whatsoever but as my Life Coach Stephanie would say, “[My] job is not to figure out the details.”

Longer answer – I have thought about it and I plan to take baby steps. In light of this, I came up the following “rules” for myself.

  1. Unless a trip is sponsored, I will cease traveling until after my 30th
  2. For each leisure purchase, 15% of the total purchase price goes to the smallest uncleared loan.
  3. Every penny counts so all of my “extra” money will be split evenly between my three goals.
  4. I will stick hard to a budget because I don’t have a choice here. My priority? My financial freedom.

I will be keeping a tally of where I am on these goals and I’ll be sharing with you all (so you can share my joys and defeats).

Do you all have any financial goals by a Landmark Birthday? If so, share below in the comments.

~Young

*I’m not superstitious, I just like rituals.

Is This Thing On?

*taps mic and cues intro from Public Service Announcement*

Allow me to reintroduce myself… MY NAME IS YOUNG!

Well, actually, it’s not. That’s just a nod to Jay Z, or as I like to call him, the Best Comeback Artist since Jordan Actually Retired.

Hello Good People, Followers, Readers, and Others who just haphazardly stumbled across my small space of the internet. It’s been a long time since I blogged (unintentionally, it’s been exactly a year), but not having a laptop, internet connection, and emotional wherewithal will zap even the mightiest Greek god of the urge to share.

I’m going to keep this short, as it is just a quick note to let everyone know that I’m back (for mostly good). For the newbies, I’ll take a moment to share some things about myself.

From my name, you should be able to tell that I AM Young, Gifted, Black…and well, Broke. To say the same thing differently, I’m an under-30, Ivy-League and two-time graduate who is overeducated and underemployed. Although my current job isn’t the most ideal, I stay because the benefits are great and I work with this fine ass man who I might or might not want to have babies for. To top it off, my net worth is currently so far in the negative, I laugh in sheer desperation when I log into Mint.com (#shoutout to da mints).

Even with all of that and a grasp of basic financial principles, I AM STILL BROKE.

The reality is that I’m like many of my peers and much of America. If there were a self-help group for people who “have it together” but still (BARELY) live paycheck to paycheck (P.O.P. Hold it down!), I’d nominate myself for President without a moment’s hesitation. The crazy thing is that although I know I’m not alone (statistics don’t lie and too many people like my tweets about Sallie “Navient” Mae on Twitter), I still feel isolated.

And that’s why I write this blog. To get the emotional “yuck” that’s tied to my dire financial situation out. I’m not alone and I don’t want anyone else to think they are alone in this either.

Here’s what you get here:

  • Regularly scheduled posts two to three times a week
  • Honest accounts of my financial status and my progress to reaching my personal goals
  • Information that I have found helpful in my goal of erasing my debt and starting anew

Here’s what you don’t get here:

  • SOUND FINANCIAL ADVICE BECAUSE I AM NOT A FINANCIAL EXPERT (my name is not Suze.)

If you’ve stuck around through my unintended and accidental hiatus, thank you from the bottom of my heart which is way bigger than my bank account. If you’re new here? Welcome, welcome, and welcome! I hope you stay around.

~Young