Skip to content
  • Blog
  • Categories
    • Health & Fitness
    • Personal Development
    • Finances
  • Archive
  • Shop
  • Blog
  • Categories
    • Health & Fitness
    • Personal Development
    • Finances
  • Living like Leila
  • Archive
  • Shop
Finances

May 2018 Debt Analysis

June 7, 2018July 16, 2018 Leila Leave a comment

Hello JUNE!!!

I am loving the warmer weather…it puts me in a better mood and makes me feel better overall!

I can still say things are going really well for me. My job is great and I feel important. It’s pretty stress free and while it’s not what I want to do forever I definitely can’t complain. I do wake up at 4:30 am so I’ve been trying to make sleep a priority which has been a struggle some days. I’ve been super sleepy!

My goal for May was to put an extra $250 toward my debt, but you’ll see below that I was able to pay a lot more than that!

My goal for June is to pay off my UPromise credit card ($560.68) and to avoid increasing my debt AT ALL. After that I’ll probably start tackling my Bank of America credit card.

At this point in my life my perspective on bill paying/debt has completely shifted. Honestly, and increase in income definitely helps, but I’m learning to not allow spending money to stress me out. I have it, I’m fine, I’ve always been fine. Paying off debt is fun because it makes it go away! And paying bills isn’t a big deal because I know I have sufficient funds. This is a Law of Attraction practice of course, which has finally come to light in my life.

I recently heard this quote, “Money is like manure…if you pile it up it stinks, but if you spread it around it helps things grow.” I love it!

I also ended up finishing Rich Dad, Poor Dad! It was hard to put down and I definitely recommend you read it! It has changed some of my future goals.

Anyway, here’s my debt analysis for May:

DEBT PAYMENT/INCOME SPREADSHEET

*This spreadsheet does not include payments for my car (a lease) or my insurance (life, health, vision, dental)*

CURRENT FICO SCORE: 666

THE GOOD NEWS

My credit score went up one point

My score actually had gone down about 3 points during May because I charged a pretty large amount to my Bank of America credit card. However, it went back up!

I paid off my Care Credit card

FIANALLY!!!! I paid about $650 toward my Care Credit card which means I paid it off completely! I’m so excited about it and it’s amazing to finally see a big fat ZERO on my statement. Also, once my credit score updates it should see the change and I expect it to go up quite a few points!

I made a decent amount of extra income

Last month I mentioned that all extra income from now on will be paid toward my debt, which is exactly what I did and then some. I’ve still been putting off going through everything in my room to either sell, donate, or trash. I really want to simplify my belongings but it’s honestly such a pain in the butt. I know I have at least a few hundred dollars of stuff I could sell so I just need to get on it!

I paid off the most debt in one month EVER

I paid off about $515 of my debt! The most I’ve ever paid off before was about $400 back in December. After looking at my fixed income and all of my expenses, I am on track to put at least a total of $600 a month toward my debt each month. Of course a decent chunk of my payments go toward interest, but the more I decrease my debt the less interest I pay.

THE BAD NEWS

I spent a lot on “unnecessary” items

By unnecessary I mean clothes…workout clothes specifically. However, I workout 6x a week and sometimes twice in a day. So everything will be put to good use and I don’t plan on shopping for clothes for awhile! I did end up charging a lot of it on my Bank of America credit card which you can see went up. But lately I’ve only been charging groceries and gas on this card then paying that off right away!

Consolidating my student loans was a fail

Personally I don’t like that I have 11 different student loans with various interest rates. I was hoping to consolidate all of them and get a rate closer to 3-4%. I applied through SoFi and was declined but allowed a co-signer (which my dad agreed to). However, they don’t offer a rate until they run a hard pull on my dad’s credit which I didn’t like. I applied through another loan provider and was offered a rate of about 5.55% which was too high.

So I just said forget it. As long as I keep making these high payments I’ll soon get out of consumerism debt and then I’ll tackle those student loans like a cray woman!


In June I’ll have a bit of a change (my car lease is ending) but I’m not worried about it! I’ll update you all then! 🙂

Post navigation

April 2018 Debt Analysis
June 2018 Debt and Spending Analysis

Leave a Reply Cancel reply

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

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Hey, There!

Hey, There!

Leila, Owner

Welcome to my blog! I'm passionate about inspiring others to reach their full potential by overcoming their own excuses.

Click here to learn more about my blog!

livinglikeleila

I've been MIA on here and my YouTube channel as I' I've been MIA on here and my YouTube channel as I've been dealing with some health issues.  I actually had surgery yesterday and I'm looking forward to the end of all this. However,  things may get worse before they get better.  In the future I may go into more detail with what has been going on, but this last month I experienced many days of excruciating pain and sooo much crying. This completely consumed my life and I was spending hours researching and just thinking about it.  While what I have is not life threatening (thank goodness), it was the worst pain and thing I've ever been through. During this time my perspective has completely shifted. I just wanted my life back and I realized that nothing else mattered outside of my health. Everything else became so small to me.  I'm sooo eager to get back into everything, but my life will look a little different for awhile.  I've lost 7 pounds within 3 weeks (which is a lot for my tiny frame) and I haven't lifted during that time at all. I can't lift for at least another 2 weeks and squats and deadlifts are out of the picture for a looong time ☹  But, I have faith that surgery went well and that my body will heal. All I want is my life back and that's what I'm focusing on 🙏  Appreciate your health and take care of yourself because without it nothing matters.
Today is World Health Day! Whatever health you ha Today is World Health Day!  Whatever health you have today and any portion of your body that doesn't hurt, STOP taking for granted.  Educate yourself and take care of every square inch of your body and mind to the best of your ability 🌻  #WorldHealthDay #Health
This book took me 2 months to read because it's lo This book took me 2 months to read because it's long and super scientific, but I loved it!! 🧠  I love learning about the brain, neuroplasticity, and how we can best take care of our brain.  I will film a whole review on this, but here are a few topics:  ▪️The Brain can be trained and reorganize itself to recover functions after trauma (like a stroke for example). People didn't even believe the brain could be changed until recently, I bet there are a lot of people out there missing out on their true potential.  ▪️He covered the porn epidemic quite a lot and how much it influences people (especially teens) by shaping their sexual desires, expectations, and relationships. This really is a reflection of all things that produce dopamine, very important in my opinion because it can be highly problematic.  ▪️The best way to keep the brain sharp? Exercise and a healthy diet of course 😊 But also doing things that involve concentration (dancing, learning an instrument or language) and being social!  If you're not into scientific research, there are probably better books out their for you on the brain. But this is definitely an interesting read.  #thebrainthatchangesitself #thebrain #books #read #reading #readbooks #personaldevelopmentbooks #personaldevelopment #bookrecommendations #booklover #bookstagram #bookworm
My skin is clear today for the first time in like My skin is clear today for the first time in like 2 months?! 🙌  There's no filter on the images but the camera definitely hides my scarring so don't be fooled lol  No skincare changes, but I have been using @innbeautyproject 's Face Glaze hence the glow!  However, I've recently become obsessed with skin care and spent hours this month doing research on various brands to create a routine. I placed my orders today and I'll make the switch in April!  I'll share/document the products and results over the next few months.  #skincare #skin #innbeauty #innbeautyproject #glow
A little weekend photo dump: ▪️Sydney Cumming A little weekend photo dump:  ▪️Sydney Cumming's workout
▪️Dinner at my dad's house
▪️Sunday morning walk with Sebas
▪️Tried the new Spring espressos from Starbucks 
▪️BTS of Cafecito  I vlogged it all and my video will be up tomorrow 😊  #weekendinmylife #weekend #photodump #vlog #youtuber #youtube #starbucks #coffee #cafecito #vegan #healthy #workout
I've been vegan for 5 years as of yesterday. It's I've been vegan for 5 years as of yesterday.  It's still the best decision of my life.  I've gained the most strength and look my best as a vegan.  It's also worth mentioning I was vegetarian for 13 years before going vegan, which is why I had to bust out a double bi in photo 3 lol  So yes, I do get enough protein despite not eating animals 😏  As a vegan I've also learned to cook better, eat more types of foods, and have discovered amazing restaurants, recipes, and vegan alternatives all without harming animals.  I never want to push veganism on anyone, but I encourage everyone to explore this lifestyle.  Personally, having an animal suffer for my food, clothes, and products just isn't worth it. Being a perfect vegan isn't necessary, but even small changes can make a large difference.  My sister (@loka1089) made this shirt for me for Christmas by the way!!  #vegan #bekindtoeverykind #veganfortheanimals #veganweightlifting #vegangains #strongvegan #veganwoman #vegananniversary #GoVegan #veganbodybuilding #anythingyoucaneaticaneatvegan #LivinglikeLeila
Load More... Follow on Instagram

Affiliate Disclosure

This blog post may contain affiliate links. If you make a purchase through that link I receive a small commission at no extra cost to you.

Thank you for your support.

For more information please read my full disclosure policy.

  • Disclosure & Privacy Policy
  • Contact Me
© 2021 | Designed by Little Theme Shop