I would like to thank Flexo’s article as an inspiration to put this up on the blog.
Income: I would like to earn $20,000 for the year. This would be from my internship job and the remaining from any side jobs.
Spending: I’m trying to lower my expenses on eating out. I want to get it down to $40 a month. I would also like to cut down my magazine habit and subscribe to two magazines to save money. I can usually spend $50 a month by paying the newsstand price. I want to go from $600 a year to $30.
Investing in Roth IRA: I would like to contribute $500 into a Roth IRA, but only after I’ve taken care of my medical bills first. ($257)
Saving: I would like to have $1,000 in my emergency fund just to build some momentum.
Debt: I would like to pay off all my small high interest bills by December 31.
If your magazines can be in any way applied to finances (i.e. money, kiplingers, etc.) they are tax deductible! Also, in my book club, we do a “magazine exchange,” where each girl brings magazines to trade for a month or so. works pretty well
Thanks for the tip! I didn’t know about the tax deduction. I do read Money magazine. I appreciate any good advice I can get.