Hello, and welcome to Journey to Saving! Thanks for visiting. While I blog anonymously, I go by E.M., and I am a 20-something year old two years out of college just starting her financial journey. I’m currently living in an apartment in the Northeast of the US with my boyfriend and two adorable cats.
I started my first full-time job in January of 2012, and started paying back my student loans in June of the same year. At first, I was only paying the minimum amount. I figured if I could keep the rest of my paycheck going to my bank account, why not? How wrong I was!
While I did amass an emergency fund by living with my parents until June of 2013, I still had $18,000 of student loans to consider. I did my best to make my college education as inexpensive as possible, but it was time to face the facts. I realized rather quickly that I didn’t want to be paying these loans back for another 5 years.
I was introduced to the personal finance world by reading Get Rich Slowly, and am so thankful that happened. There are so many bloggers I have to thank for inspiring me to accelerate my payments and rid myself of debt. How am I doing that? That’s what this blog is about.
My goal is to reach out to fellow college graduates and motivate them to join me on my journey of obliterating my student loan debt. So many of my peers think it’s normal to mosey along, paying the minimum and watching the majority of their money go toward interest. I want to let them know that doesn’t have to be the case. By cutting expenses and being smart about your spending, I’m sure you can find extra money in your budget to put toward your debt.
How far am I willing to go? I wouldn’t say I’m an extremist at all, but one of my hopes for 2014 is that my boyfriend and I will be able to relocate down south, where the cost of living is much cheaper than where we currently are. Our housing expense is easily the biggest eater of our income. By relocating, we are aiming to automatically lower our expenses simply because gas, rent and utilities are cheaper.
My ultimate end-goal is to become financially independent. I plan on keeping my frugal habits even when my student loans are paid off, so as to invest what I was paying toward my debt. By starting early, time will be on our side, and it will be fun to watch the numbers grow year after year. I realize it can be hard to stay motivated, and that is what I’m here for! I hope to inspire my readers to take their financial situation to the next level.
I would also love to start delving into the world of freelance writing. I started this blog in May 2013, and I’ve really enjoyed the connections I’ve made with fellow bloggers. So please stay a while, and join me on my journey to become debt free, and one day, financially independent.