Ninety days of surviving and thriving on the Operation Do Better spending pause train is cause for celebration and nobody gets down like Bro. Franklin Na Wa. Press play. We promise it will bless you real good.
“And when you want something, all the universe conspires in helping you to achieve it,” — Melchizedek, The Alchemist
Because of our willingness to do better, the universe has been beyond generous. It has sent us a community of support and it has given us all manner of free stuff including treating us to a Sunday brunch, giving us fried chicken, gym equipment, discounted trail shoes and a fully stocked bar. We are grateful and we will continue to pay it forward.
The Good: I paid off a bill! I am one payment away from paying off another! There is money in my emergency fund! I paid for my trip to NYC with money I saved! There is still money in my travel fund! I am even more motivated to tackle my next debt! *insert cabbage patch, running man and da butt here*
The Bad: I might need a root canal re-treatment, and I’m not sure if my insurance is going to cover the whole thing.
The Ugly: There is a high likelihood that my vintage vehicle is dead, unless I make expensive repairs to revive it one more time.
Life happens. Did I know this dead car thing was going to happen one day? Of course I did. Did I plan appropriately for that day? Nope. The old me would have dove head first into debt and got another car, but guess which thrifty chick is riding the bus? *raises hand* When I think about what I can save in gas, car repairs, insurance and inspections, I am tempted to donate this sucker just for the tax write off. Life happens on vacation. Reese and I thought we were going to be the queens of good times and frugality on our NYC trip and for the most part we were, but gosh darn it, we saved money for that trip and we spent it. And we still managed to save money in each of our pots of savings and pay the extra money we intended. No harm, no foul. Struggle happens. In another life, these big ticket problems would have caused me to lose my head, lose my focus. But having an accountability partner, who has willingly invested in my future’s future, and a supportive community keeps the fire burning. As fired up as I am about paying off my next debt, it’s bigger and the interest rate is criminally high, so I am trying to be honest with myself about how long it is going to take to pay it. I’m going to have to remember to celebrate along the way.
Going forward: Because I’m so driven to pay this last credit card off, I’m continuing on the spending pause for the rest of the year. O_O! Yeah, I said it. But of course with slight modifications. I am still allowed to replace things sparingly. Rather than an allowance, I am allowed to plan for one thing such as a brunch with friends, or a Mother’s Day treat for my mom, my aunts and my grandmother within the context of my budget. I am allowed a reward of my choosing when I save a certain amount of money, or pay off a certain amount of this particular debt. But I will still take my lunch every day and eat at home nearly every night.
The Good: Who paid off 2k in credit card debt in six weeks? ::points at self:: This thrifty chick. And who’s paying the last payment on her one and only credit card bill next week? ::points at self:: Me again! Who has reached 40% of her savings goal for the first half of the year? You guessed it…ME!!! I guess this is the financial manifestation of giving up Chipotle and fancy cheese everyday….and I am sooooo OK with all of this!
The Bad: My current fellowship ends in a month, and I’m waiting to hear about the one I applied for in November. I should hear back this week or next week. I started doubting if I made the right choice to pay off the credit card, because that is extra money I could have saved. I was really stressed about it at first, but then I had to stop and think about all I’ve been blessed with. I sent this message to our ODB community on Friday:
Yesterday as I drove, I felt compelled to give thanks for the financial blessings bestowed on me during the last four years of my PhD pursuit. In a week or two, my finances will change and there has been a great deal of anxiety about that. But I’m reminded that I survived the first year of my program w/more bills than I have now on a 19K fellowship + babysitting on the side. Then, I was blessed w/a fellowship worth way more than the first with less responsibilities for three years. On two different occasions, friends felt compelled to send $$$ to me in the mail in support of this PhD pursuit. A year ago I received a check unexpectedly from my car finance company for a service charged I’d been paying for two years that I wasn’t supposed to pay. Two years ago I got a year long fellowship that supported my training in public health…I’ve had great luck with families to babysit for to make extra money on the side. I am extremely grateful for the great friendship that was built that led to this current roommate situation that has allowed me to save money in preparation for these upcoming changes. All of these blessings and more remind me that 1) I’ve never been left or forsaken, 2) I’ve always had necessary provisions–even when I was stupid with money 3) I know better, so I’ve done better…that will work in my favor 4) Thanks to ODB, I don’t have to rush to plan for anything, I can wait to hear the next fellowship decision and then take the next step. I can feasibly live through September or longer w/the money I have saved + babysitting (praises!!). I have no reason to be scared. I have what I need, and what I may need in the future will take care of itself. Besides, who among us by worrying can add a single hour to her life?
….and then guess what?
Praises: I received a call today that I have been offered a senior research position I applied for a couple months ago. You see how this works? Worrying didn’t add anything to my life, but opening up space for praise and thanks did….and now i have a job offer on the table. ::bustin’ a Bro. Franklin move::
Going forward: Assuming everything is kosher with the offer, I’ll start a new job soon! Yeah!!! Credit will be paid off this month, and then I will tackle the little bit of student loan debt I have. Guess who has plans to be completely debt free by the end of next year? You guessed it? Me! I too am doing the spending pause for the rest of the year. Why not? I haven’t missed out on anything. I still have good health, great friends, and it doesn’t hurt that Ricks and I are pretty amazing cooks. Plus, we started this together, and it’s really important to me that we finish this process…together. I’ve made plans for the trips I need to take this year and this month I’ll buy sewing supplies so I can FINALLY do some of the DIY projects I have lined up. I’ll deal with other things as they come along, but for now, I have no plans for an allowance or anything like that. I’m kinda diggin’ the at home spa treatments and happy hours.
Lessons learned/Affirmations: I can live without a lot (even Chipotle). Support makes a world of difference. Our friends love us enough to come hang out at our house instead of going out to spend money. I truly do love the simple things in life, and this spending pause has lovingly brought me back to that. When you free up your resources, you can rediscover the joy of giving. The universe provides. Not a single thing is solved by worrying.
We’ll leave you with the words this post began with:
And when you want something, all the universe conspires in helping you to achieve it
Thank you, universe for helping us achieve our goals.