November Update | Financially Fit 2016


November has come to a close and it’s time for my 11th Financially Fit update. It was a tight month for the budget, but progress (albeit small) was made. Read on for my latest debt and savings numbers!

I started 2016 on a quest to become Financially Fit – out of debt and with an emergency fund. While my journey to get out of debt is not perfect, I hope by being open about it I will inspire others to improve their finances.

If you’re visiting my blog for the first time you might want to start by reading this post: How I’m Getting Financially Fit in 2016! Or catch up on my October progress here.

november update financially fit 2016

Goals Update

I had three financial goals when I started this journey at the beginning of 2016. Save up a $1,000 baby emergency fund, save $100 to attend Financial Peace University, and get completely out of debt! Half of 2016  passed and I didn’t reach any of these goals. But my mindset remained positive!

All three of those goals are still in the “not completed” category.

Action Steps Update

Make more money:  My earnings for November were $845. I beat my October number! Whoo hoo! 🙂 If you’re curious about the various ways I make money from home please read this: 16+ Ways I Made Money Without a Job in 2016! 

Stick to a tight budget & use a price book: The price book idea was abandoned long ago, especially after I started relying so heavily on this app. We have managed food spending really well lately and came in under budget in the food category in November!

Have regular family budget meetings: Need to take more of my own advice here! Not many official money talks in November, maybe just one? Sounds bad, but awareness of our income and spending was still very high since it was a tight month.

Continue my financial education: Writing a post about amazing money books really re-motivated me! Check out the post to find out what I’m reading!  I have also started actively working on a positive money mindset by using these positive affirmations.

The Numbers Update*

*as of 11/29/2016

I know what you are really here for – the numbers! 😉 Here we go …

Consumer Debt (4 credit cards) $10,880.08 <— Can’t wait to see this drop below $10,000 

Medical Debt  $174.14

Car Loan/Lease (one of each) $43,346.94

Total Debt $54,401.16

Savings $317.62

Progress?  A little. Debt overall is down a smidge, but I’m disappointed our consumer debt number has risen again. The credit card habit/lifestyle is incredibly hard to break. Avoid it if you can!

We have $183.95 LESS DEBT than we did one month ago in October 2016, and $18,613.85 LESS DEBT than when this journey began in December 2015! My original monthly goal for debt pay off was $6,084.58. I obviously did not hit that number in November. Or ever actually, but hey, I like big goals!

We are no longer likely to hit the goal of being 100 % debt free by the end of 2016. Unless you have $54,401.16 to send me! 🙂 I’m coming to terms with that fact and deciding what I want to do next.

Where Did the Extra Money Come From?

Lot’s of consignment and selling little things in November, an extra side job, payment from blog work done in October, and a few other random things. Overall the budget was very tight due to low income so a lot of money was not thrown towards debt, instead it was just used to keep us afloat.

I cashed out $23 from Ibotta in November. That’s FREE money, from a FREE app. If you haven’t signed up yet, this is my referral link, click it now! When you verify your first rebate (within 2 weeks of signing up) you will get $10 and I will get $5! That’s a win win and just part of why I think you are CRAZY if you’re not using this app! My year to date earnings from Ibotta have exceeded $388! Don’t you want your part of that?

Budget Notes

The biggest “unexpected” expense in November was an eye exam and new glasses for me. I planned on saving money in advance for this purchase (and was doing so) but then my glasses broke! Seeing is not optional, so I had to take care of this immediately!

We also called and reduced the interest rate on one credit card (just by asking!) which will save money in the long term. Wish we had done this much earlier in the year!

Looking Ahead

December is a tough month when it comes to debt payoff – especially if you celebrate Christmas. The temptation to spend, and to rack up more debt, is everywhere. I will be actively working on finding more sources of income, keeping spending low and trying to keep the Christmas budget reasonable.

I can’t believe my financially fit 2016 journey is almost over! I’m already thinking about 2017 – what I want to accomplish and how I will tackle it. I’d love to hear from my readers on this subject. Do you want the monthly financial updates to continue? Maybe in a different format? I’m open to any and all ideas! 🙂

If you read this far – thank you! Your time and your interest in my story mean the world to me! <3

Want to help?

If you’d like to help my debt payoff  journey in a small way, consider signing up for Ibotta through my referral link! Or use my Amazon link the next time you need to shop there, I’ll earn a small commission at no extra cost to you!

I also recommend you sign up for Swagbucks and Ebates while you’re at it! Swagbucks is a great way to earn giftcards, and Ebates let’s you earn money back shopping online.  You can also check out my Hire Me page if you could benefit from my virtual assistant services – especially if you’re a fellow blogger!

If you found this post helpful or encouraging in any way – please share! Pin! Tweet! Stumble! Like! 🙂 I’d love to have it posted on your social media of choice or sent directly to a loved one who is struggling to get out of debt!

How was your November?

financially fit 2016 november update

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  1. paying off debt is hard. i have had to start making sure i watch what I spend more. I was getting relaxed on that and could see us slipping back into uncontrolled debt. i really need to learn how to earn more from my blog.

    • It’s so easy to slip if you don’t stay vigilant Rebecca! And that itself can be exhausting! Your blog is great and I’m sure it could bring in some income for you! 🙂

  2. Congrats on over $18K paid off this year. That’s serious progress! And good luck on your journey this month. I can relate to not quite reaching some of the goals and action steps.
    Emily @ JohnJaneDoe recently posted…Looking for a Course Correction: I’m Not Building My Successful HabitsMy Profile

  3. Good for you! This is a great way to hold yourself accountable and trak your progress. That number will be under $10,000 soon!

  4. Moving down in total debt is awesome, even if just a tad bit and not as much as you were really hoping. That’s awesome how much you earned this month, go you!
    Julie recently posted…Wonderful Gift Ideas that Husbands or Fathers will LoveMy Profile

  5. Congrats on your ongoing focus. I admire the honesty of sharing where you are. Has that accountability been helpful?

  6. Thanks for posting your personal numbers it really helps to put it in perspective! I just paid off my medical debt and it’s such a great feeling to get one section paid off. Thanks for the post!

    • Thanks for reading my post Tyler! I know I always appreciate seeing other people’s numbers so I decided it was important to include my own! 🙂 Congrats on paying off your medical debt!

  7. Great going on maintaining your focus. Its not easy.
    Aish Das-Padihari recently posted…Cardamom Saffron Tea CookiesMy Profile

  8. Yay! Progress is progress, no matter how big or small! You’re doing so great. Many people would have given up by now, but you are one determined and awesome woman!
    Samantha @ Momma Wants Java recently posted…Organize Your Holidays with a Christmas PlannerMy Profile

  9. You are doing an amazing job, keep up the good work.

  10. What an awesome post! I have been to Dave Ramseys Entreleadership course and absolutely loved it! He is a great person to follow! I love that you have been keeping this as a journal online! Ty or sharing!!

  11. Don’t beat yourself up too much. It’s like with any goal, just keep on keeping on and you’ll get there eventually. I get it, though, being debt-free would be a beautiful thing. 🙂
    Cathy recently posted…Smartphone Photo Tips for the Holidays & How to Use Google KeepMy Profile

  12. I always love to pay off debt! When I paid off my car, it was awesome.
    Amber Myers recently posted…7 Things We Must Do During The HolidaysMy Profile

  13. Being financially fit during the holiday season can be so hard. Sounds like you are on a great path. Congrats and thanks for the inspiration.

  14. I applaud you for trying to become financially fit. I’ve been sick for a long time and a lot of what I used to get done when it was due to be done, has fallen by the wayside. And it’s a huge relief to finally start unburdening myself of some of these tasks.

    • So sorry to hear you were sick Jane, that must have been so tough! 🙂 Glad you’re feeling better and turning things around now 🙂

  15. Thanks for this post. Finances are hard to manage. Somehow each time I save a bunch an unexpected expense comes up. The struggle is real!

  16. This is such an important thing to do. Focusing on finances is not fun, but having goals set that you accomplish feels so good.
    Emily recently posted…Wooden snowman craft, easy Christmas decoration ideaMy Profile

  17. Great post, I am struggling with my finances at the moment. I think I need to follow in your footsteps and be financially fit in 2017
    Eleanor recently posted…KETO KUNG PAO CHICKENMy Profile

    • Wonderful Eleanor! 🙂 We can be financially fitter in 2017 together! 🙂 I’ll be posting about it a lot so please stick around 🙂

  18. I admire the fact that you have taken the first step to realize that you need to “grab the bull by its horn” so to speak and get rid of the dent. i find many people remain in denial for too long making things worse. I wish you all the best!

    • You’re so right Meeta – lot’s of people like to bury their heads in the sand when it comes to debt and finances in general!

  19. That is a massive credit card debt. You really need to get onto that ASAP.

  20. I’m glad that you beat your earnings goal for the month. I love iBotta too! East money just for shopping.
    Milena recently posted…mykind Organics Plant Collagen Builder #Review #GiveawayMy Profile

  21. Brilliant!! felicidades epica on achieving your goals and continuing on your motivating path.

  22. Sonya Kolodziejska

    I think it’s brilliant that you are so open and honest in your posts. It will really help others out there.

  23. This is great. This year hasn’t been the best for us financially with our children’s medical bills. Hopefully 2017 will be better

    • I totally understand that Jenni, we had to battle medical debt after my son’s NICU stay. I hope your kids are nice and healthy now! 🙂

  24. Just because you didn’t reach the goal, doesn’t mean you didn’t take steps towards reaching it. I love that you’re so positive about all of this because that’s really the mindset that you need to keep going.

  25. Awesome! This is so encouraging to read – especially as the first of the month rolls around and I’m trying to decide whether to overpay my student loans or spend that money on more Christmas presents (such a hard decision, am I right?!)! Thanks for sharing your progress – best of luck this next month!

    x Jess
    (found you on Thrifty Thursday link party!)

  26. paying off debit is immensely difficult at times (especially when you have a Student Loan still hanging over you) but these are such awesome tips for slowly making your way out of debt again!

  27. Just keep doing what you’re doing and everything will fall into place! It might feel a little slow, but you’ll get there eventually!
    Carol Cassara recently posted…Definitive holiday gift guide: something for everyoneMy Profile

  28. We just bought a house and now I have to curb my spending too. 😮 EEK!
    kid can doodle recently posted…Vincent Bal’s Shadow DoodlesMy Profile

  29. We’re only a month away from the end of the year, and it’s tough with the holiday season to think about debt. Although it isn’t the “coolest topic” to discuss, it’s worth looking over. You always want to start the new year fresh!

  30. Awesome progress!! Some is always better than none!
    Amanda recently posted…Ultimate List of Wedding Songs – Guest SeatingMy Profile

  31. you are doing great! and I need to check that free app

  32. That’s great that you’re sticking with it and rolling with the ups and downs.
    Mother of 3 recently posted…Wordless Wednesday: Aquarium TripMy Profile

  33. It will be so exciting to dip below that $10,000 consumer debt number!! And you’re getting really close! Way to go on the nice monthly income toooo! December is always a rough month money-wise, but you can do it, you can do it, rah rah rah!!
    Sarah Eliza @ devastateboredom recently posted…Cozy Winter Capsule Wardrobe — Mix-and-Match Outfit Ideas!My Profile

  34. I am kicking butt financially at the moment!! It took me forever as a WAHM to get to this point, so I’m loving seeing all my hard work paying off now!!!

  35. Financially fit is so smart. I’m fortunate to have a husband who is great at it.
    Jill Conyers recently posted…Double Chocolate Mint Chocolate Chip OatmealMy Profile

  36. What a great way to track your progress. Best to you for reaching your goals!
    Kerri recently posted…Award Winning Coding Toy for Preschoolers – CubettoMy Profile

  37. I know I will be working on paying off debt once my car is paid off in February. I so can not wait. You will meet your goal.

  38. We have fallen way back on our financially fit goals so I applaud you for staying on track. We bought a house this summer and setting up a new household has been more expensive than I expected – both needs and wants.
    Thanks for inspiring me to get back on track.

    • Oh I have totally been there Traci!!! So many expenses come with a new house! Good luck getting back on track – you can do it!

  39. You are heading in the right direction!!! Making smart money decisions can be so hard to do sometimes.
    Bill S recently posted…Get Your Family Time Back with Starry Station RouterMy Profile

  40. Thanks for sharing your financial story! I’ve my hubs doing all the financial thingy for me. He is good at that.

  41. We have been scraping by for a year now. I dont like it. I want to increase our savings for sure, and get my old debt paid off.

  42. Paying off $18K in one year is nothing to sneeze at. You’re rocking it! I remain inspired at the amount you’re able to add to the family while raising little guys. It’s encouraged me to chase after a few new methods of bringing in money here, too.

    Here’s to an even better 2017 for both of us! :)pos
    Jamie @ Medium Sized Family recently posted…5 Ways We’ve Saved Money This Week 59My Profile

    • Awww, thanks Jamie 🙂 That means so much coming from you. <3 2017 should be pretty epic after all we have learned in 2016! 🙂

  43. Thumbs up to you for making progress on your income in November, celebrate the successes even the little ones :).
    XO, MJ

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