I hope this is the month that my income stabilizes!

I hope this is the month that my income stabilizes! | July 2024 Budget

Рет қаралды 2,892

16 күн бұрын

June's monthly budget wasn't quite what I was hoping for.. But I am hopeful that during July, things will improve! I've got a new income, fluctuating expenses (including the cost of moving - AGAIN!😳) and trying to find us a place to live for next month! I'm just trying to find balance and remember to keep mental health a priority while I try to exist in this wild economy. One month at a time!😵‍💫
Debt paid off to date: $143,849.31 ($99,978.42 in principal, the rest in interest) 😮‍💨
Hello!👋 If you're new here, my name is Rachel. I'm a millennial with lots of student loan debt.💰 I'm here to share my story as I push for financial independence and debt pay-down in hopes of inspiring others to feel that there's hope to get out from under their debt and take their life and finances back! If you need a little boost of motivation, you can subscribe for weekly videos.
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DISCLAIMER: I am not a financial advisor or expert. I just love talking about personal finances and want to share my journey to financial freedom and help you get there too!

Пікірлер: 51

@rachell4694 14 күн бұрын

You're in a really good position. You have the money for everything you need.

@ajaratuegbo8534 14 күн бұрын

I am glad you are moving to Maine. At least you are where you want to be. I would check to make sure the 20% withhold is correct. I understand what you are saying but keep looking. A couple of people who were out of work for almost a year finally found jobs. Stability is important. Keep applying

@YazWhyNY 14 күн бұрын

July WILL be better🎉🎉🎉

@josephdaly2015 9 күн бұрын

Delighted you finally got the 4th day and now you can start 12 days a month. Yes it’s very frustrating and hopefully it’ll be smooth sailing (pun intended) from here on. Also glad the tenant has paid up. Have a great week. Mary, Joes wife 🙇‍♀️👏💪👍🙏💐🐈🐈‍⬛

@its.rachel.hickey 7 күн бұрын

😄 Thank you Mary!!✨

@user-bq4ip8zm8t Күн бұрын

You could get certified as a science teacher in your local school system....guaranteed income, benefits, paid time off....I like my job and the certainty I have...I have zilch nada no family...Take care.

@juliequick5526 14 күн бұрын

Hoping that this will work out for you. No one deserves it more! Stay positive xxx

@artbrutnewyork 14 күн бұрын

Enjoy your quirky and positive attitude. I hope you get your 12 days this month. Is summer considered the “busy season” for fishing vessels.

@its.rachel.hickey 7 күн бұрын

Thank you!! It is a little bit busier in the warmer months but still plenty of fishing in the winter too.🙂

@christinaInTexas 14 күн бұрын

Fingers crossed 🤞 for July!!

@MerriannSherwood 14 күн бұрын

I'm a new subscriber. Stumbled onto your channel during the last move. Really enjoying the variety content and following your journey. I really like like your budget format and am planning to emulate, but noticed there is no cell phone expense. I will be leaving my job soon, giving up my work phone and will likely need a new plan, thus the reason for the curiosity. Would love to hear how you eliminate a cell phone expense if you don't mind sharing. Hope work and the move go well this month.

@jasminkln 14 күн бұрын

I think she has a yearly subscription with mint mobile

@its.rachel.hickey 7 күн бұрын

Thank you for such kind words! I’m so happy you’re here!☺️

@MikaDoesStuff23 14 күн бұрын

Wishing you a full July paycheck!

@shelleyk7462 14 күн бұрын

Just curious to know…have you found somewhere in Maine to rent? Have you thought about doing more KZfaq videos such as vlogs? I know it won’t replace your job income but if you have any spare time it could be an option.

@its.rachel.hickey 6 күн бұрын

I’ve really been struggling with apartment hunting so my aunt has agreed to let me stay with her for a short time while I keep hunting. Actually being close by I’m hoping will help my chances. As for videos, I absolutely am going to be adding more vlogs!☺️

@rgf11235 14 күн бұрын

I always want the explanation

@lilly6766 14 күн бұрын

I would love vlogs. And vlogs would be flexible and fit into the sea job. ❤❤❤

@its.rachel.hickey 6 күн бұрын

Thank you for saying this, it made my day! More vlogs in the coming.☺️

@jessicatounkara8753 14 күн бұрын

You may have to agree to longer trips to get your days.

@TexasGal. 14 күн бұрын

I was thinking this too may be a temporary solution…

@summerjoy247 14 күн бұрын

Katie of the house was venting about Mohela on her channel. What a mess. Great budget though!

@its.rachel.hickey 7 күн бұрын

Good to know! Ugh sounds like they’ve got a mess going on!

@jessicatounkara8753 14 күн бұрын

Maybe the reason there is turnover in the role is because of the cancellations. Do they pay you something for the cancellations? Like for being on call.

@its.rachel.hickey 6 күн бұрын

That is most likely a huge part of the reason! Unfortunately not paid for those cancellations 😕

@ykook7000 14 күн бұрын

Im no economic expert but getting only $640 per month in income from a rental property is very low.... its less than half what youre paying out in rent... Why would you keep that rental...sell it or move into it Why would you want the extra stress of as you say "When the tenant pays" seeings as he is not paying on time currently

@amazinglats6020 14 күн бұрын

she said 640 is what she gets after everything is paid for if I’m not mistaken (mortgage, property taxes, property manager fees)

@jessicatounkara8753 14 күн бұрын

Maybe you can pickup some gig work also. Like Instacart, door dash etc to bring in more money.

@its.rachel.hickey 6 күн бұрын

Yes, that is definitely on the radar!

@ryanchinh1040 14 күн бұрын

You rent out your house is too low for $643. You can rent $1000 per month.

@its.rachel.hickey 14 күн бұрын

It is rented for $1000. That’s the cash flow after the items that I listed are subtracted out

@bleugreen00 12 күн бұрын

@@its.rachel.hickey Are you charging a late fee when the renters don't pay on time?

@rachel.c.p 14 күн бұрын

So when you move to Maine, will you have to look into new health insurance again since you are changing states?

@its.rachel.hickey 6 күн бұрын

Yup! But if it’s as straightforward as it was for MA, it should be an easy easy switch 🤞

@mayas6960 14 күн бұрын

I am so sorry to hear the struggle. This is why it is so important to only pay for a graduate degree if you know you will gain proportionally improved and higher paying employment because of it.

@greenlantern1986 13 күн бұрын

I've watched 5 of your last 9 videos and I have NO clue what your job is. Feel free to explain it more!

@Susie-QSlotsVegasStyle-th4wc 14 күн бұрын

Did you get FREE fish to take home ?? Interesting job - why do they limit your days ?? its not like you driving the boat or flying a plane ???

@catgodfrey6451 14 күн бұрын

🇺🇸🎆💜😊💜

@Stephanie_12345 14 күн бұрын

Rachel, have you considered a roommate to share your living expenses?

@lisafromindiana1718 14 күн бұрын

If you lived with your parents or brother and threw every penny you earned at your student loans, you could have them paid off in 3 years (not counting interest, which could be offset but doing Doordash or something). Here's how I figure....Emergency fund (36k) would lower student loan to 142k. Throw all W2(2880), youtube(433), rental income (643) =3956/mo at them and they would be GONE in 36 months!

@markwaudby 14 күн бұрын

Looks easy on paper doesnt it, actually living it, no chance, sorry.

@MattsGamblingSlots 12 күн бұрын

WAAAAAYYY easier said than done. Not to mention, she can qualify for forgiveness after some years pass, which means there's really no point in going all out paying all her student loans. Yes, she will be taxed as income for the remaining balance but it's a whole lot better than paying the $170k+. Dave Ramsey is good but he's not always right.

@emidiomontes4633 14 күн бұрын

Have you thought about getting a better job I think I would of been extremely stressed

@vallejoborncalihasbecomeal9022 14 күн бұрын

You have 176k in student loans? Why aren't you making 250k a year to pay it off? Something isn't making sense!

@its.rachel.hickey 7 күн бұрын

You make it sound like $250k jobs are available at the drop of a hat..?

@vallejoborncalihasbecomeal9022 6 күн бұрын

@its.rachel.hickey No, what I'm saying is if I'm going to get a degree that costs that much, I'm going to ensure that I have a job at the end that will allow me to pay it off quickly. What happened?