So funny story, I initially liked Addison because she has the same name as my niece. I figured that meant obviously she must be a good person. Then I started following her blog and email chatting with her, and it turns out she is actually a good person ;) She writes about becoming a yoga teacher and going sugar free for 5 days (I KNOW ITS CRAZY) and setting goals and waking up early and all sorts of fun things. You should most definitely check her blog out :)
1. I LOVE learning tips & tricks that can help me to save more money. What is the best financial tip you’ve ever heard?
I used to be really afraid of using credit cards because I knew so many people my age who were in unnecessary credit card debt. One of my friends who works at a bank gave me the advice to get a credit card and only use it for gas. That way, you’re using it regularly and building your credit score, but with an expected, budgeted-for expense that you know you can pay off every month. This was the perfect introduction to credit cards for me, because it made it way less intimidating.
2. What is your proudest financial moment?
My mom started teaching me really early about saving money. No joke, when I was four years old, I wanted an American Girl doll more than anything else my little 4-year-old heart could ever want. I did chores around the house for about a year (or what felt like a year, I’d have to ask my mom how long it really was) to save up $80 (yeah, they cost way less back then) and purchase Molly, a spunky schoolgirl living on the home front of WWII.
More recently, I saved up all the money I made over the summers during college to be able to travel to Europe with my family. We each paid for our own cruise ticket to see Spain, Italy, and France over 10 days. It was absolutely incredible and now I wish I lived in the south of France and ate baguettes every day.
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?
Two things I feel no guilt spending money on: travel and nice clothes. I really love a good wardrobe and have found I’m willing to cut back in other areas, like making my own lunch every day instead of eating out, to be able to have that! I got into a second hand clothes-shopping phase for a while and discovered that I’m just never happy with those purchases – so instead I save up to buy fewer items new than a lot of used clothes that I only sort of like.
4. On the flip side, what things do you try NOT to spend money on?
I avoid Starbucks unless it’s a friend date, even though I love it. Also, bookstores, because I will very easily drop $100 there on books I could’ve gotten at the library.
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 have 2 financial goals: 1) When I moved to Nebraska a year ago, I took a big chunk out of my savings account. I’d like to replenish it and surpass where I was, so that whenever I do move again, I can have a financial cushion I feel confident about. 2) Start a savings account specifically for traveling. My friends and family are spread out all over the country, and I want to be able to visit them frequently without going into debt for it! I’ve recently cut my living costs down quite a bit and moved to a more economical apartment in order to accomplish both these goals.
Um... can we please take a moment to note how simultaneously hilarious and impressive it is that she saved up $80 at the age of FOUR to buy an American Girl doll?! HA! I love it!!
Did you get an allowance as a kid? Did you save up for things or spend it all immediately?
I don't remember if I got an allowance (Mom, did I?) but I remember making money by babysitting when I was younger. I'm going to assume that if I was anything like I am now, I probably saved all the money! haha