It’s Per$onal #6 – Age 26, Rapid City, South Dakota

It’s Per$onal is an anonymous blog series designed to shed light on the intricate details of the personal finances and lifestyles of women.

its personal

Name:

Riley

 

How old are you?

26

 

Where do you live?

Rapid City, South Dakota

 

What is your highest level of education?

Bachelor’s

 

Are you single or married?

Married

 

If you are married, do you and your spouse have joint or separate finances?

 

Do you have any children or dependents? If yes, please explain.

None

 

What is your current monthly rent / mortgage?

1500

 

Has Covid-19 impacted you financially in any way?

It’s benefited me because my student loan interest has been paused so I’ve been making additional payments to principal. It’s going to negatively impact me in the spring due to the tax deferments that will start soon.

 

What is your current occupation? If not currently employed, please say “Not Employed”

Full-time Army National Guard. Marketing Assistant

 

What is your yearly salary (or approximate yearly compensation) for your current occupation?

56000

 

If you are currently employed, do you like your job? Why or why not?

I love it. I did IT recruiting prior to this job and the money was good, but there was no work-life balance and a lot of work stress

 

Do you have a second job or side hustle? If Yes, please explain.

I have a small Etsy shop/design business that I just started

 

If you have a second job or side hustle, about how much money do you make monthly from your second job / side hustle?

$100-200

 

Do you budget on a consistent basis? If so, please explain how you currently budget:

Yes and no. I know what all of my expenses are and I don’t spend money frivolously since I’m trying to get rid of my debt. I also auto-allocate for retirement so I just make sure to send a set amount of money to savings and an IRA each month.

 

Other It’s Per$onal posts:

 

Are you debt-free?

No

 

Do you have any student loan debt currently?

Yes

 

If yes, about how much student loan debt do you have?

$8,200

 

What is your monthly student loan payment amount?

$1000

 

Do you have any credit card debt?

No

 

If Yes, about how much credit card debt do you have currently?

N/A

 

Do you have any other kinds of debt? If Yes, please explain:

Car Loan

 

Do you know what your credit score is?

Yes

 

 If Yes, what is your credit score?

785

 

Are you currently saving for retirement?

Yes

 

If yes, about how much do you have saved for retirement?

$32,000

 

What does an ideal retirement look like for you?

Retire when I’m in my 60’s and live comfortably

 

What’s your biggest purchase of 2020 so far?

A newer car. My car got totaled by hail, but it worked out well.

 

Biggest purchase of your life?

Our house or this car.

 

What do you spend money on that brings you joy? Or, what do you tend to splurge on?

Quality food for home-cooked meals. And quality skin care. You only get one face!

 

What are your short term money goals, if any? ( < 1 year)

I’m going to finish paying off my student loans and start cash flowing my masters degree!

 

What are your long term money goals, if any? ( > 1 year)

Pay off my car (within three years) save $20k for another home.

 

What is your #1 financial concern right now?

Getting my student loans paid off and building up a bigger emergency savings.

 

What financial victory/success are you most proud of?

At the end of this year I’ll have paid off $18,000+ of debt

 

Anything we didn’t ask about you that you want to include?

The National Guard is amazing and has provided so much for myself and my spouse.

It’s Per$onal is an anonymous blog series designed to shed light on the intricate details of the personal finances and lifestyles of women.

 

it's per$onal

 

Other posts you might like:


Leave a Reply

Your email address will not be published. Required fields are marked *

Like this post? Share it on social!

Facebook
Twitter
LinkedIn
About Taylor

About Taylor

A few years after graduating college, Taylor made it her mission to become debt free. After paying off all $60k of debt, she began to blog about what she's really passionate about: personal development. Nowadays, Taylor blogs about the topics of Mindset, Money, Health, and Career for women.