Blogging Away Debt Our Journeys to a Debt-Free Life

by Elizabeth S.

Before I jump into the unexpected expenses, some updates on me personally. I’m sorry I’ve been posting a bit irregularly. I’ve been really sick. My bad cold for the past few weeks is acute bronchitis and I’m using a bronchodilator now. Trying to sleep has been hell. I woke up every hour last night coughing. The stress of the past month is catching up to me and I’m not in my 20s any longer. I can’t get by on a few hours of sleep with stress hormones raging all day. I seem to be regaining energy. Let’s hope this is passing…

This is a snapshot from an app that collects data from my Apple Watch. The grey spaces on the circle are where I was awake, coughing. My sleeping heart rate is usually 58-62 BPM and the past week it has gone up into the 80s. My doctor said the sickness is causing obstructive apnea which results in a lack of oxygen and a higher heart rate. So, yes, still struggling to get my life back on track. October was so hard.

“Unexpected” Expenses

Last week, I was feeling pretty high after checking some boxes on my goals for the year. I had set goals to eliminate my high interest debt and cancel my expensive banking products, which I did. But then…

Some expenses came up. And if there is one thing I’ve learned in 2019, these things shouldn’t be unexpected.

• My mum’s house sold, and then she had to be in Nova Scotia in a day. 24 hours. She packed up her SUV and stopped by my house at 9pm on her way out east, and we ended up at a nice steakhouse (The Keg). We were in jeans and sneakers, looking for chicken wings or something casual, but decided to have a fancy dinner. We won’t see each other at Christmas. I picked up the check for $153.24 and didn’t think about the money. We were both crying. She drove through the night to go sign her paperwork.
• Bestie Dan visited from Ottawa. I mentioned in August he visits about once a year. This is an auspicious year, I suppose. Two visits! He had some business in Toronto and asked to spend the night last week. We met his mother for dinner ($40.03 for my portion) and then the next day, met my coworkers (he worked with us doing a co-op for his PhD at one point). We had layoffs at work that morning, and Dan’s Reunion Lunch became a liquid lunch for some laid off people. There was a very convoluted billing process and I ended up with $70 on my tab. So, $110 for Dan’s visit.
• Mike’s birthday is today. I spent $70 on some warm work clothes on sale and lucky red panda socks (he loves red pandas!) and $20 for wine. On top of that, we are meeting his sister for dinner tonight (I’m not drinking, obviously. I’m sick).
• One of my mentors at work is moving away and we are seeing him off Wednesday. I’ll go for an hour to say farewell, but that’s it. $10 budget, plus taking the subway home.

The Aftermath

I’m crushed. Can I afford this? Sure. I won’t go hungry. But I had worked hard for a couple of months to not be this spendy, and it feels like it’s all undone. Coming up on Christmas, there will be money needed for extra things. It’s imperative that I am thrifty this month. And I need to be aggressive with paying off my consolidation loan. I don’t want to be lazy and say I can put my bonus towards the loan.

So this is a bit of a financial reckoning for me. I need to be wise with my money this month, in order to both be aggressive with debt repayment and to avoid dipping into savings. I want to stress, I’m not in debt over this. It’s just that I blew all my disposable income in a few days.

The Plan

I’m making a meal plan for the rest of the week now. My chest freezer has lots of protein in it, so I can spend very minimally on food. This weekend, I’m planning on seeing my grandparents as they pack up their house, so that will be an inexpensive weekend. Next week, there is nothing planned socially or professionally to cost me money and I’m going to keep it that way.

Time to smarten up. There are no such things as unexpected expenses. And back to revisiting how I can track my money. Mint.com sent me an email this morning that they have new integrations available, so I’m going to take a look and see if they’ve fixed my accounts.

Elizabeth S.

Elizabeth is a single woman in her early 30s, working as a manager at a software company and living in the most expensive city in Canada. She hopes to blog about her journey to eliminate debt and build savings for home ownership someday. Whenever she has taken two financial steps forward, she’s always taken a step back with a bad credit card purchase (we’re looking at you, unnecessary iPhone of May 2019). Elizabeth lives alone with her fur kids, a dog and cat, and when she’s not in front of the computer, she enjoys running, camping, reading, and baseball.