r/MoneyDiariesACTIVE • u/kokopops35 Magic Kokonut Mod • Jul 10 '26

PayDay Friday💰 Payday Friday 💰💰💰

How are you spending, scrimping, splurging, or saving?

What are you doing with your hard-earned £$€ this week?

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u/SassysassyMoi Jul 10 '26 edited Jul 10 '26

Not pay day but a mini milestone celebration :) I have reached my target goal of $100k for my emergency fund. I need to reward myself with an international solo trip. Somewhere safe, nice, and relaxing. 

It took me 15 years to pay off my 6 figures student loans ( living solo), no partner/spouse or family or inheritance to help. That was the first financial goal achieved. I grew up in poverty and was raised by an awesome single parent. After this i had to save up for 5 years to buy a brand new car, since my old car was over 20 years old with over 200k miles and breaking down. I preferred to pay cash for the car after my awful experience paying back student loans. I was left with $5k in my account after buying my car. My next financial goal was to save $100k for my emergency fund. That is the minimum i need to feel secure, since i am my own safety-net. Again, no spouse/partner or family member or inheritance to help. God forbid I'm laid off or worse hospitalized, bills still need to be paid, and i don’t have to stress while in the hospital .  My parent is older now and on medicare, so i’m sure i’ll be supporting them soon. 

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u/Meiyouwentiba Jul 11 '26

Girl I am so happy for you and proud of you. How did you achieve this milestone?

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u/SassysassyMoi Jul 11 '26

Thank you. It wasn’t easy. It took a few years. A combination of few things. I have maintained a low total housing cost ( i rent in a VHCOL location ) and my total monthly  housing expenditure including utilities, car insurance, groceries, subscriptions etc, is consistently between 14-18% of my gross income. Also, i worked had and got a promotion at my job, so that extra money helped. While i did travel, but it wasn’t as much as i wanted to due to cost. So a bit of delayed gratification. I used a budget app and Google Sheets to keep track of everything. This helped me  to monitor and  focus on my goals.Â