Hello! I’m The Thrifty Millennial on this website, living in expensive New England with my dog-daughter and boyfriend. I have a (mostly useless) Master’s Degree and work for a non-profit, so I’m not rolling in any dough, figuratively or literally. With $70,000 in student loan debt, making less than $40,000 per year, I know that feeling of “will I ever feel like I’m not drowning?” I know I’m not alone, and neither are you if you feel this way.
When I first graduated college, I was taking home $1000 per week at my job, but I was miserable. I left that job for a “fee-for-service” job (where you schedule appointments and only get paid if those appointments are completed). I blew through almost all of my savings within a year, just paying my bills, and I still wasn’t happy at this job. Now, I’ve moved on to another position, making half as much money as when I first graduated college, but I love my job. Instead, I have learned to adapt to the amount of money I’m taking home, and you can too.
I started tracking my spending on January 1st, 2016 in an attempt to start evaluating what I was spending and what I could start saving. Doing this has changed my life completely, and I want to share with you how I did it. I am still able to do all the things I love to do (travel, hike, buy makeup) while saving money!
As millennials, I believe we have a unique set of obstacles in our lives that other generations have not had to tackle on such a massive scale. Our college degrees are vastly useless in today’s market, and many of us are weighed down by tens (or hundreds) of thousands in student loan debt. Many of us work at jobs that pay little more than minimum wage. This does little to diminish our wants and dreams. I, like many of you, want to travel the world and live comfortably when I’m home, eat healthy and be healthy. It can be done!
Life is a balancing act. Your happiness is not worth any price. If you dread going to work every day, it almost doesn’t matter what you’re taking home.
This blog is meant to help you take control of your life as I’m taking control over mine.