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May 2015 Broke on Purpose Wrap up and June 2015 Goals.

May 2015 Broke on Purpose Wrap up and June 2015 Goals.

  May was an interesting month when it came to our finances. The current debt that we are on as far as our Debt Snowball goes is our Upromise Credit Card which held a balance of $4188. Here’s the breakdown of how we planned to attack it: Minimum Payment: $78 Debt Snowball Payment: $472 Add’l Payment Goal: $1000 We started the month off on the right foot by creating our budget and committing to following it. Things were going great until my husband had a run-in with a deer on his way home from a friends house one night. This…

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Broke on Purpose: May Goals and New Planner and Free Printables

Broke on Purpose: May Goals and New Planner and Free Printables

I honestly can’t believe it’s already May! When I look back I wish I would have started being Broke on Purpose back in January, but these past two months have been great momentum wise and we’re hoping to keep it up (to read how this journey started head here). To date, the Wright Household has paid off a whopping $7303.05 of debt and it feels absolutely amazing. This includes four credit cards and a car note. Another great thing about this whole thing is that while my debt is going down my credit score is going up! On March 25th…

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Broke On Purpose: You’ll Make It Work!

Broke On Purpose: You’ll Make It Work!

  I remember when I was a new college graduate and I’d just landed my first job at Charles River Laboratories in Maryland. I was so excited about the new opportunity, but I was also scared out of my mind. I was reluctant to take the job because I would only be making $14.25 per hour. This equated to about $2280 a month before taxes and only $1610 after taxes. After sitting down and doing the math, I realized that after paying my rent, utilities, and other bills I would only be left with $100 each month. As a 21-year-old,…

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Broke On Purpose: April Goals

Broke On Purpose: April Goals

With this being the second month of my Broke On Purpose Journey, I’ve found a few things that have proven to be very important. The first being Communication. This is especially important if you’re on this journey and either married or living with a significant other and you combine finances. Being Broke on Purpose takes teamwork. If one of you is working to pay off debt and the other is out there accruing debt than the system just won’t work. The second most important thing that I’ve learned is that this is a MARATHON, and not a RACE. Last month…

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Broke On Purpose: The Beginning

Broke On Purpose: The Beginning

As I write this my checking account currently has a balance of $24.87. Yep, you read that correctly Twenty Four Dollars and  Eighty Seven Cents. You’re probably thinking to yourself “girl you’re broke” and your assumption would be correct. I am broke, however, I am Broke On Purpose.   What does Broke on Purpose Mean? Broke On Purpose means just what it implies, but for this instance I actually made the decision to be broke instead of someone else doing it for me. Growing up the word “broke” used in the context of not having any money was constantly thrown…

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