The go-getters guide to building better habits financially, physically and mentally

May 6, 2015

So you want to travel the world, but should you pay off all your debt first?

May 6, 2015

4 questions to ask yourself before running through the 6 with your woes

May 6, 2015

“Running through the six with my woes, counting money you know how it goes.” Today’s personal finance post is inspired by Drake. Yes I still listen to Drake’s “If you’re reading this it’s too late” album as if it just came out yesterday. Believe it or not hidden between the lyrics of women, clothes, and cars there are valuable money lessons that can be learned from many artists.

“Running through the six with my woes, counting money you know how it goes.”

Here Drake is saying if you don’t have money to count, you shouldn’t be running out with your friends at least that’s my interpretation. Drake is right. After all adding more debt to your pile isn’t fun. I know what you’re thinking. “Candice I do save money, but sometimes I just want to go out and enjoy my hard earned money. I hate to feel as if I’m just going to work, paying bills, and not having fun.” I understand, in that case just ask yourself these questions before heading out with your woes.

  1. Are your bills paid? I know it sounds like a silly question, but you’d be surprised how many people will sacrifice being behind on their bills in order to have a good time. If you have credit card debt your goal should be to pay that off as soon as possible. Using a credit card for points and rewards can be beneficial if you’re able to pay the full balance each month and not get caught in the debt cycle.
  2. How much cash do you need? It’s important to have an idea of how much money you plan on spending for the night. How much does it cost to go to the event? Are you pre-gaming at someone’s house and only need money for a bottle? Or are planning on drinking before the club, buying a few drinks at the club, and going out to eat after? These are all important questions you need to ask yourself.

I suggest using cash because sometimes when you use your debt or credit card you never know how much the person is really entering in as the amount owed. I was at Friday’s a few months ago, the salad was tempting, but I ordered a burger and fries. (plus 2 glasses of wine )I won’t lie to you lol it was worth every calorie!

Anyway my bill came up to about $34.00 I believe. On Monday morning when I logged on to check my account balance the waitress had charged me $300.00. I had to call up Fridays real quick * Drake voice. They were able to issue me a refund it took about a week for the money to go back into my account. Can you imagine if I didn’t check my bank statement Monday morning? For now on I carry cash when I go out because you just never know.

Moral of the story bring cash and check your accounts Monday mornings.

  1. Who’s driving? Do you have gas money or garage money? Thanks to Uber getting around is easier than ever. I’ve used Uber one weekend and found it way too easy to spend money. Since there’s no money exchanged physically and it’s all done through your bank account it’s easy for you to lose track of just how much you’ve spent on your ride. It feels like a friend is just being nice and giving you a ride around town.

If you’re driving with your friends be courteous and offer gas money and try to be ready on time. I’ve been guilty of leaving my friends outside waiting as I make some last minute outfit changes, and it’s not cute to keep people waiting.

Bring a change of shoes in case no one wants to pay extra to park in the garage. “$20.00 for parking, girl that’s my drinking money, you’d better find a place to park 7 blocks down.” Now your feet hurting before you even get inside. To avoid this throw some flip-flops inside your purse just in case. Unless you’re wearing the most comfy shoes ever in that case ignore my advice.

  1. What are you going to wear? We all want to look good when we step out, but how good is the real question. You probably have some friends that you wonder what they really do for work because they’re always dressed in the best designer clothing, eating out at fancy restaurants and even drive nice cars. These friends may be above your pay grade do not, I repeat do not try to keep up with them. For all you know they could be swimming in credit card debt, or they have a rich family either way do not feel like you have to break the bank in order to keep up with them. Keep your financial goals in mind your friends should understand your financial obligations.

I know we all want to reach our money goals, while still being able to have fun and at times life seems like life was easier before you knew about savings and retirement accounts. Before it seemed like you had so much extra money left over at the end of the month. Now your money has strict destinations that will help you in the long run.

You can still create an entertainment or fun savings account, a travel account or any other account for the things you love. It’s not that you can’t have fun, because reaching your financial goals should be fun. At least it is for me. Paying off my final payment for my credit card was better than spending money at the club, and being in bed all day the next day because I’m hung over.

I felt so free and happy after I paid off my credit card. That’s the feeling you’re striving for. You’re making sacrifices so that you can be free and happy. Don’t lose sight of the bigger picture. Thanks Drake for your money tip!

Lyrics from Drake, Album: If you’re reading this it’s too late, song title: Know yourself

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