In this Post
About 2024
Hello 2025! Let’s review my December, where I am now, and track my financial journey. Since this is my first update of many, the numbers may not change, but don’t discount the power of the mental change. The holidays are done, and going into 2025, my mindset is completely transformed. Come with me as I update you on my finances for the first time.
Goals This Month
- Manifest, manifest, manifest
- Consistency in all areas of my life: physical and mental health, financial goals, and hustling for income
- No-spend days: 3 per week
Debt Overview
- Total Debt: $83,040
- Breakdown:
- Credit Cards: $4,903
- Auto Loan: $14,924
- 401(k) Loan: $5,060
- Personal Loans* (2): $30,103
- Student Loans: $28,050
- *My personal loans originate from credit card debt
- Breakdown:
Debt Paid Off
- Total Paid Since Starting FFIP: $0
Savings & Investments
- Savings: $1,991
- Investments: $2,001
Reflections (2024)
What Went Well:
- Increased my credit score
- Upgraded my credit card for more points and perks
- Consolidated debt with personal loans for better management
- Decreased spending
Challenges I Faced:
- Decreasing my overall debt amount
- Breaking free from the debt cycle
- Decreasing spending (even more)
Lessons Learned or Adjustments for Next Month:
- Manifest: Stay focused on the vision and believe in the process
- Increase dedication to side hustles: More side income means more progress
- Take care of my mental health: A healthy mind is key to nurturing my money mindset