Budget Well

The Anti-Budget: The Easiest Budget to Follow

*This post contains affiliate links. That means I receive a small commission that could help me on my debt-free journey —at no extra cost to you—if you make a purchase using the links.

Confession, fam. I hate budgets!

Well, budgeting itself is cool. It’s the key to hitting my saving and debt payoff goals. I just hate cookie-cutter budgets: the 80/20 budget, the 50/30/20 budget, the traditional budget that lists 50 budget categories. Who’s going to track expenses for 50 budget categories?! “Not I,” said this debt-slaying woman. 

I just wanna know that my bills are paid on time, I’m saving and I’m crushing debt. Budgets that are tailored to our specific needs and personality work best. When I gave up trying to fit my goals into a traditional budget, the stress went away. 

The anti-budget works for me. Maybe it can do the same for you.

What is an anti-budget? 

The anti-budget is a spending plan that doesn’t focus on what you’re spending, but rather on meeting your savings goals, debt payoff goals and essential spending needs up top. Then the rest of the money is for guilt-free spending. Hey, latte! Hey, avocado toast! 

Download your free anti-budget worksheet here. If you’re already subscribed to the newsletter, then sign into the Freebies page for your worksheet. 

Who is the anti-budget for?

  1. People who hate budgets (think budgeting is too hard or can’t stick to a budget).
  2. People who appreciate budgets, but hate lots of categories.
  3. People who don’t like tracking every discretionary expense manually.
  4. People who subscribe to “Pay yourself first” for saving.
  5. People who want to spend on fun stuff guilt-free.

Does this sound like you? Great! Keep reading. 

Wise Woman Wallet The Anti Budget Blog Graphic

Click here to learn how to make an anti-budget.

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2019 Mid-Year Reflections: Boosting my mindset is boosting income

I can’t believe we’re just 6 months away from Christmas again! I hope you’ve taken advantage of the first half of 2019. Please share your wins and opportunities for improvement in the comments.

Check out what I’ve accomplished so far and read about the exciting things coming up soon. Also, download the Ultimate Goal-Setting Checklist for guidance on your goals.

What are my 2019 goals?

The big goals are:

  • Complete Operation: Sock Away $10K by April 30. Having a huge Sunny Day Fund, or emergency fund, will give me peace of mind.
  • Visit 2-4 new places in China (e.g. Yangshuo, Xian, etc.). It would be a shame to live here so long and not explore its beauty.
  • Pay off $19K in ’19. This goal will help me pay off my penultimate grad school loan and break even on net worth. How amazing!
  • Read everything on the Life-Changing Books List and apply 1 thing from each book (20 books in 2019). Will you join the reading challenge?
  • Complete the Happiness Planner (100 days). This goal will help record my emotions and reflect on the highs and lows of each week.
  • Attend 1 social event each month. I gotta do something besides each brunch with friends. This year, I plan to branch out and meet more people.

How have I done with my 2019 goals so far?

Through dedication and the universe working in my favor, I’ve already checked off 3 goals.

  1. Complete Operation: Sock Away $10K by April 30. DONE! I completed this goal in mid-May thanks to hard work, budgeting and prioritizing needs over wants. A travel stipend from work in April capped everything off. I decided to keep $8,500 in the Sunny Day Fund and use the remaining $1,500 for travel expenses.
  2. Visit 2-4 new places in China (e.g. Yangshuo, Xian, etc.). DONE! I’ve visited a couple villages I hadn’t been to for Chinese New Year and the Dragon Boat Festival. One trip was on my birthday, so the organizers and host family surprised me with longevity noodles. It’s a traditional bowl of Ramen noodles that promises you’ll have a long life. I had the trip of all trips when I visited Yangshuo in late June. Oh em gee! Those mountains are breathtaking. It took hours to hike to the peak, but that view was well worth the sweat and slight knee pain. The next day, we toured the main streets of Yangshuo City and biked through the mountains. It rained all day, but we didn’t care. We ate well throughout the weekend and shared so many laughs. This trip is one for the books!
  3. Pay off $19K in ’19. I started working on this goal in May after meeting the savings goal. With careful planning, side gigs and the expected raise next school year, I should meet this goal.
  4. Read everything on the Life-Changing Books List and apply 1 thing from each book (20 books in 2019). So far so good! I’ve read 10 of the 20 books I need to complete the list. My favorites include Outliers, The One Thing and The Millionaire Fastlane and The Power of Now. I might not have read these gems without coming across this list.
  5. Complete the Happiness Planner (100 days). DONE! From January 1 to early April, I planned my days and recorded every high, low, meal and exercise. It was an excellent exercise in prioritizing and reflection. I loved journaling so much that I bought a second 100-day Happiness Planner. When I’m done with that, I’ll start another. I’ll plan to uphold this daily habit for the rest of my life.
  6. Attend 1 social event each month. So far so good! Sip & Paint. Go-karting. Visiting Chinese temples and participating in Chinese traditions. Hiking. Attending seminars on money management. Rooftop yoga. I’ve definitely gotten out of my comfort zone this year and branched out from brunch. I’ve met some awesome people along the way and can’t wait to see what the rest of the year holds.

AND THERE’S MORE!

2019 goals mid-year reflection Wise Woman Wallet.png

 

Find out what else happened.

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Teaching Abroad on the Debt-Free Journey: My Life in China

There’s nothing like a 10-year high school reunion to make you evaluate your life. Amiright?

You start thinking, “Have I achieved enough? Did I live up to the yearbook superlative, Most Likely to Succeed? Would that guy I had a crush on have a crush on me now?”

When I started comparing myself to classmates, I realized I had achieved a lot more than others, but I wasn’t fully satisfied. An undergrad degree from a great school, trips abroad and a master’s degree sure looked good. But my debt balance sure didn’t! Not to the tune of over $50,000.

At the reunion party in our hometown watering hole, I shared how I’d been thinking about moving abroad. Life in North Carolina wasn’t cutting it. The bills weren’t cutting it. All. Those. F*ckin. Bills. It seemed like I could never get ahead.

I didn’t have a husband, child or mortgage to really cause significant pause. I loved traveling. At this point, I had been to 9 other countries. Why not move away?

One great personality trait I love is once I get my mind set on something, I go for it.

That October in 2015—just a couple weeks after the reunion—I started volunteering with an adult ESOL class at a local community college. In December, I was an adjunct professor teaching 4 nights a week. I LOVED IT! In February, I started my online TEFL course. That’s when I learned China could be a lucrative place to teach.

In May, I accepted a job offer in China. In August, I quit my 9-to-5. On Labor Day in September, I sold my car back to CarMax to eliminate that loan and was on a plane to southern China less than 12 hours later.

My new life had begun!

Since moving to China in September 2016, I have:
– paid off more than $14,000 (26% of my total) in debt (medical bills, credit card debt, undergraduate student loans)
– saved more than $7,500
– paid nearly $6,000 for my teaching certification
– traveled to the U.S. twice, Thailand twice and Vietnam once

I’ve also met a lot of cool people and had kick-ass, priceless experiences in China and Hong Kong.

I asked folks on the ‘gram what they wanted to know about my experience. Here are answers to some of those burning questions.

Road to China Timeline Wise Woman Wallet

See answers to your questions about my life in China.

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5 Calls to Make to Take More Control of Your Money

Ramit Sethi first introduced me to the concept of negotiating bills. It was a normal part of his cultural background, but it was a foreign concept to me. I Will Teach You To Be Rich, one of the most important books I read as a personal finance newbie, gave me the courage to pick up the phone (find Ramit’s 6 telephone scripts here if you don’t know what to say) and take more control of my cash flow. I hope this post does the same for you.

1. Would you please change my bill due date?

You can actually apply for this change online for some companies. This option is good if you get paid 2 times a month and most of your bills are stacked heavily in 1 half of the month. Been there. Done that.

Here’s are 2 workarounds:

  1. Use 1 paycheck to pay some bills early.
  2. List all your bills. Divide that number in half. Each pay period, try to set aside that amount plus a little cushion in a separate checking account than the one for discretionary spending. When bills come due, the money’s already there.

Wise Woman Wallet_5 Calls to Make To Take More Control of Your Finances.png

Click here to see the other 4 calls you shouldn’t be afraid to make.

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Worthy Goals for Q2 2019

April is upon us. No foolin! That means the first quarter of 2019 is done. I hope you’ve progressed as time passed.

To look ahead, I’ve come up with a few goals that might be worthy of adding to your list for the second quarter.

Reflect on Q1 and keep what worked well.

Ask yourself:

  • What goals did I have the last quarter?
  • What did I accomplish?
  • What specific things helped me achieve those goals? What works for me? (habit tracking, affirmations)
  • What has held me back from reaching some goals?
  • How I can I overcome those obstacles in the next quarter?
  • What can I do specifically in the next quarter to get closer to my goals? (daily, weekly, monthly)
  • How will I measure success? (the amount of debt paid off, number of times I exercised per week)
  • What expenses should I plan for in the next quarter?
  • How can I monetize my gifts and talents?

Take a look at the Ultimate Goal-Setting Checklist for guidance on crafting new targets.

Evaluate where you are in terms of annual goals and list the next, best steps.

Go back and look at the big picture. Have you reached 25% of your debt payoff goal as planned? Did you earn an extra $300 each month in the first quarter? Be intentional with the next 3 months to make sure you’ll be in a better position and proud of yourself in December.

Keep reading to get 4 more ideas for your Q2 goals.

Earn More, Improve Mindset, Start Here

28 Life-Changing Books: My 2019 Reading List + Freebies

*This post contains affiliate links. That means I receive a small commission that could help me on my debt-free journey —at no extra cost to you—if you make a purchase using the links.

“I cannot remember the books I’ve read any more than the meals I’ve eaten; even so, they have made me.” – Ralph Waldo Emerson

Books are bae! Didn’t you know?!

When I was kid, one of my aunts always gave me and my siblings books for gifts. We’d strain smiles and sing, “Thank you!” but we really wanted new Sega games, dolls or straight up cash. You couldn’t pay me to read then.

My fondness for a good page-turner came after leaving college. That’s when I realized no one was gonna save me from my debt or give me the life that I wanted BUT ME! The local library became my pusha and books, my drug of choice.

This year, I decided to read all of the 28 life-changing books curated by @FutureNow, formerly @FutureSuccessors, of Instagram. I had already read 8 by coincidence. So 2019 is marked for reading the remaining 20 books on the list.

I’ll also apply, at least, one thing that I learned from each book. Knowledge alone isn’t power. Applied knowledge is power.

Wise Woman Wallet Book List and Reading Log Blog Graphic

Do you want to join me? You don’t have to read all 28 books this year, but start by reading 12 (an average of 1 per month). Feel free to download the book list and reading, and start checking off your books ASAP.

Get the full list of 28 life-changing books and learn cheap ways to read them.

Earn More, Reflect, Save More, Start Here

My 2019 Goals and End-of-2018 Reflection

*This post contains affiliate links. That means I receive a small commission that could help me on my debt-free journey —at no extra cost to you—if you make a purchase using the links.

Happy New Year! Yes, it’s February, but I live in China and we’re celebrating the Lunar New Year. I’m right on schedule! (Also, it’s the year of the pig, as in piggy bank. Cha-ching! 🤑)

Check out what I accomplished in 2018 and find out what’s coming up in 2019. Check out the Ultimate Goal-Setting Checklist for guidance on your goals.

What are my 2019 goals?

My new goals include:

  • Complete Operation: Sock Away $10K by April 30. Having a huge Sunny Day Fund, or emergency fund, will give me peace of mind.
  • Visit 2-4 new places in China (e.g. Yangshuo, Xian, etc.). It would be a shame to live here so long and not explore its beauty.
  • Pay off $19K in ’19. This goal will help me pay off my penultimate grad school loan and break even on net worth. How amazing!
  • Read everything on the Life-Changing Books List and apply 1 thing from each book (20 books in 2019). Will you join the reading challenge?
  • Complete the Happiness Planner (100 days). This goal will help record my emotions and reflect on the highs and lows of each week.
  • Attend 1 social event each month. I gotta do something besides each brunch with friends. This year, I plan to branch out and meet more people.

Wise Woman Wallet 2019 Goals and End-of-2018 Reflections Blog Graphic

How did I do in 2018?

The 2018 goals included:

  • Reduce debt balance by $18,000.
  • Become a certified teacher in Florida through an online program.
  • Pay cash only for all certification costs.
  • Pay off Barclay balance transfer card by June 30.
  • Climb the Great Wall of China.
  • Create passive income stream(s).

Through dedication and the universe working in my favor, I checked off 5 out of 6 goals!
Learn which goals I checked off and ask yourself questions to reflect on your wins and opportunities to improve.