Money (That's What I Want)
Social workers are notoriously underpaid and most of them have copious student loans to pay off while working relatively thankless jobs and trying to make ends meet. Emily Anderson fit that description perfectly – finding herself financially strapped much of the time – until she went on a spending fast. Emily shares the ins and outs of money fasting this month at the Denver Public Library:
Going On a Spending Fast: One Thrifty Girl’s Story of Living a Good Life in the New Economy
Tuesday, September 27, 6:30pm
Denver Public Library, Vida Ellison Gallery, Level 7
And to help you get your finances on a strong footing - the cost of this event: FREE.
Whatever euphemism you happen to be using for our economic woes, the rising cost of living is taking its toll on all of us. We can take heart that we’re all in the same boat. And we can learn from our shipmates who’ve decided to set sail for more prosperous shores. On the eve of the holiday season (which can create financial challenges for many of us), we’re hosting Emily Anderson, who has, since January of this year, been on a spending fast – using her money to purchase necessities only. Emily has shifted her thinking and her debt ratio; she’ll share her secrets, her triumphs and her challenges. Track Emily’s spending-fast journey at Thrifty Social Worker.
According to Emily, the longer she fasted, the easier it became. “In January of this year I decided to go on a spending fast to aggressively pay off my $63K+ in student loan debt. I had to decide between actual needs and wants. I pared down my bills as much as possible and began making lifestyle changes to help save money. So far I've paid $7200 toward my loan which has come out to about $6100 off the principal. In the past 6 months I've evaluated and learned a lot about myself as "a consumer", the difference between wants/needs, some money management tidbits, couponing skills (the unextreme kind), how to find things for free. I’ve also become an avid DIYer and have taken a different view on recreation/fun. It has been an illuminating year; I’ve had my fair share of successes and failures and I'm continuing to evaluate what I do and how I spend my money.”