This week for our Gettin' Nosy interview, I'm chatting with Mel from Mel's Miles :)
PSSTTTT-- want to catch up on old posts in this series?
If you haven't checked out Mel's blog yet, you should do so ASAP. Or, you know, as soon as you're done reading this post. She is probably the most positive person I've ever met (okay fine, we haven't actually met but you know, via the Internet) and she frequently has Gratitude Friday posts that really make you think about all the things in your life you should be thankful for. Also I just really love reading Mel's blog because I feel like she and I are long lost twins sometimes... like one night I saw on her Instagram that we were drinking the same champagne (Andre... super classy). Twins.
1. I LOVE learning tips & tricks that can help me to save more money. What is the best financial tip you’ve ever heard?
This tip comes from my parents, 2 of the most frugal people I've ever met! Live below your means. Obviously this does not mean you should torture yourself and never do anything fun. For me, living below my means is all about renting an apartment that is cheaper than what I can really afford, not having cable TV, making the commitment to bring my lunch to work every day, and buying many of my clothes at thrift shops or on sale. Cutting costs like these makes room in my budget for things I really want to do, like go on a trip or register for a race.
2. What is your proudest financial moment?
So far, my proudest financial moment has been paying for grad school all on my own through scholarships and by working the entire time. This has not been an easy road, but I'm so proud of myself for making it happen! I only have a few more months until I graduate :)
3. Prioritizing your spending so that you spend money on things that truly make you happy is something that I think is SO important. What are some things that make you ridiculously happy and you feel zero guilt spending money on?
I love running races, so I never regret spending money on a registration fee or new running shoes! Travel is also a big one for me; I try to travel at least once a year. One of my savings accounts is partially dedicated to travel, so I feel zero guilt taking some money out of it each year to go on an adventure. My friend Sara and I went to Disneyland last year to run a half marathon and the year before that I traveled to Boston. Starbucks is another one; I treat myself to an iced coffee there at least once a week because it makes me happy and I deserve it!
4. On the flip side, what things do you try NOT to spend money on?
I try to never go out to eat unless it is a social thing. Buying clothes that are not on sale is another one that you will rarely, if ever, see me doing. I borrow dresses from friends if I'm going to a fancy event, but sometimes buy my own if I find a good deal. I am not one to get a mani/pedi. Basically, if it is something I can't keep (like a manicure or food) or something I will only wear once, then I will not be buying it without putting some major thought into it first. This obviously doesn't count races or vacations.
5. I’m big on setting financial goals. I think it’s hard to progress in our financial life if we aren’t really sure what we’re working towards. What are your current financial goals?
I'd say my goal right now is to pay for school, but I know for sure that I can do it (I only have to pay for one more class at this point)! I'm slowly building up my savings account because my newest goal is to buy a house by age 30! Obviously, this will be more of a focus when I'm done paying for school this summer.
Thanks so much for letting me interview you, Mel!! Now everybody go check out her blog! :)