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Sugar and Money

Sugar and Money

Sweet Life Sweet Finances

Meet Jackie

Hi and Welcome!

I’m Jackie, the ever optimistic, dreamer, planner and lifetime learner behind Sugar and Money. I am so determined to pay off the last of my debt that I am crazy enough to document the journey for whoever is interested to see. I hope to show that becoming debt free is totally possible but definitely a conscious choice that has to be made constantly. What you may not see a lot of is my awesome husband Henry that listens to all my crazy ideas, takes the photos for this blog and definitely balances out my inner Libra. We are parents to an adorable, awesome and full of energy daughter, Lauren (Lolo), who is our living and breathing WHY.

I’ve had a strong interest in personal finances for years and personally know the struggles of being in debt while also trying to enjoy life. At Sugar and Money those worlds collide to balance out defining and living your sweet life while giving yourself permission to have sweet finances. After all, no one wants to be in debt and everyone wants a nice vacation or treat from time to time. It may just take redefining that vacation or treat. Follow along as I document how I paid off $60,000 in debt (car loan, credit cards, a few student loans) and how I will live a sweet life while paying off the last remaining $39,000 of student loans (As of February 2019).

Paid off Debts:
* $23,000 Car – Paid off early – in full.
* $20,000 Credit Card Debt – All paid off. Nothing written off.
* $34,000 Student Loan Debt – 7 loan Groups Paid Off with 3 to go.

Current Debt:
* $30,000 Student Loan Debt (3 Loan Groups) … May 2020

If you would like to contact me by email: jackie@sugarandmoney.com

I am very active on Instagram: @sugarandmoney

Also find me on Facebook @sugarandmoneyblog

So, grab a sweet treat and start by reading these 2 posts:

Permission Granted
Welcome to Sugar & Money!

“Life is short, and it’s up to you to make it sweet.”

SADIE DELANEY

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The Latest on Instagram

I've heard the financial rule of thumb of saving 1 I've heard the financial rule of thumb of saving 10% of your income for many many years. Most generally say to save 10% of your gross income especially in regards to retirement but I also believe you can choose to save 10% of your net income depending on your goals and how much you can comfortably save. (A rule of thumb is a generally accepted guideline but its not a proven fact however it gives you a reference point in my mind) Heck - I know people saving/investing 20% - 50% of their income (Hello #FIRECommunity)⠀⠀⠀⠀⠀⠀⠀⠀⠀
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So, since I'm unable to contribute to my 401K until May and I have yet to take action on opening my RothIRA (I know...what am I waiting on😩) I've started saving 10% of my net pay. Net pay is the amount of money that you "bring home" after all the deductions come out...you know all those deductions like your retirement plan contributions, taxes, and benefits...THEN what's left is your net pay. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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I take my net pay amount and multiply that by .10 and that total is the number that I transferred to my savings account on payday🤑⠀⠀⠀⠀⠀⠀⠀⠀⠀
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My current plan is to save 10% of my net pay each payday and then once I open my Roth IRA - deposit all of it into my Roth IRA.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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❓What is something that you're currently doing with your finances? ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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#sugarandmoney #financialfreedom #thinkandgrowrich #debtfreejourney #budgeting #financialgoals #goalgetter #goaldigger #debtfreedom #studentloandebt #studentloanssuck #manifestyourbestyear #mindsetmatters #buildingwealth #financialpeace #moneysavingtips #financialindependence #millenialmoney #budgetingtips #debtfreeliving #debtfreelifestyle #savingmoney #financialruleofthumb⠀⠀⠀⠀⠀⠀⠀⠀⠀
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🧁 Follow @sugarandmoney for more sweet money content.⠀⠀⠀⠀⠀⠀⠀⠀⠀
💖Like this post if you want to see more posts like this.⠀⠀⠀⠀⠀⠀⠀⠀⠀
🗣 Share with a friend because sharing is caring.⠀⠀⠀⠀⠀⠀⠀⠀⠀
👇🏾 Comment and let me know your thoughts.
If you are new around here or missed the memo, I s If you are new around here or missed the memo, I started at a new company after being permanently laid off from my employer of 11 years. My current company offers a 401k plan and they even automatically contribute 2% even if I don't contribute anything. They also match the first 4% that I contribute. That's cool BUT... I have to wait 6 whole months to start participating! Y'all! 6 months seems hella long to me and I've never had to wait that long. Previously I've waited 3 months at most.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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What about you? What has been the longest amount of time that you've had to wait to participate in your company's retirement plan? ⬇️⠀⠀⠀⠀⠀⠀⠀⠀⠀
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#sugarandmoney #financialfreedom #thinkandgrowrich #debtfreejourney #budgeting #financialgoals #goalgetter #goaldigger #debtfreedom #studentloandebt #studentloanssuck #manifestyourbestyear #mindsetmatters #buildingwealth #financialpeace #moneysavingtips #financialindependence #millenialmoney #budgetingtips #futureselfplanning #retirementplanning #questionoftheday⠀⠀⠀⠀⠀⠀⠀⠀⠀
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🧁 Follow @sugarandmoney for more sweet money content.⠀⠀⠀⠀⠀⠀⠀⠀⠀
💖Like this post if you want to see more posts like this.⠀⠀⠀⠀⠀⠀⠀⠀⠀
🗣 Share with a friend because sharing is caring.⠀⠀⠀⠀⠀⠀⠀⠀⠀
👇🏾 Comment and let me know your thoughts.
The 2020 numbers just keep rolling in. Honestly, I The 2020 numbers just keep rolling in. Honestly, I thought I paid less in student loan interest since I only paid on them for a few months but numbers don't lie. The good news is, any and all accrued interest on all of my remaining student loans has been satisfied. (I have 3 student loan groups left, totaling $29,700)⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Have you received your student loan tax information? If so, how much did you pay in interest? (Nelnet is my student loan servicer and sent them out electronically on the 12th)⠀⠀⠀⠀⠀⠀⠀⠀⠀
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#sugarandmoney #financialfreedom #thinkandgrowrich #debtfreejourney #budgeting #financialgoals #goalgetter #goaldigger #debtfreedom #studentloandebt #studentloanssuck #manifestyourbestyear #mindsetmatters #buildingwealth #financialpeace #moneysavingtips #financialindependence #millenialmoney #budgetingtips #debtfreelifestyle #debtfreeby40 #debtfreeliving⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Follow @sugarandmoney for more sweet money content.⠀⠀⠀⠀⠀⠀⠀⠀⠀
💖Like this post if you want to see more posts like this.⠀⠀⠀⠀⠀⠀⠀⠀⠀
🗣 Share with a friend because sharing is caring.⠀⠀⠀⠀⠀⠀⠀⠀⠀
👇🏾 Comment and let me know your thoughts.
My favorite quote is, “Nothing happens until you My favorite quote is, “Nothing happens until you decide”⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Whatever goal you have in mind that you want to achieve this year, decide that you will finish it.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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So, decide on your goal(s) then decide that you will achieve that goal! Silence any doubts, haters or naysayers because at the end of the day - your goal is exactly that - Yours! ⠀⠀⠀⠀⠀⠀⠀⠀⠀
You might start and stop but don’t you dare quit on yourself. Not this year! Instead...Finish it!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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But I want to hear from you, Let me know one goal you plan to start working towards achieving and that you're committed to finishing in 2020-Won!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Let’s Get It!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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📷:@henryjonesphotography⠀⠀⠀⠀⠀⠀⠀⠀⠀
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#sugarandmoney #budgeting #newyear #finance #savings #money #financialfreedom #thinkandgrowrich #debtfreejourney #budgeting #financialgoals #goalgetter #goaldigger #debtfreedom #studentloandebt #studentloanssuck #manifestyourbestyear #mindsetmatters #buildingwealth #financialpeace #moneysavingtips #financialindependence #millenialmoney #budgetingtips #debtfreeliving #debtfreelifestyle #goalsettingseason #twentytwentywon
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