Ways and Means
First I'd just like to say I love your site and have developed a serious girly crush on the three of you ever since I found it. So, I'm so effin' excited that I finally have a question for you, and I'm all "omigod bring on the tell-it-like-it-is wisdom that I love so dearly".
On to the problem: I'm a 22 year old college student who works part-time. I have these 2 friends who are a couple, we'll call them Frankie and Annette. These two have full-time jobs and make a lot more than me. I don't begrudge them any of this, I actually admire them for their hard work and kind of wish I had the energy to work full time AND go to school full time like they do. The problem with this income gap is they're always wanting to travel, and of course they invite me to come along. Last summer they went to Peru (a $1,500 trip for each of them), this spring Annette is going to Germany (about $900) and this July they want to go to Costa Rica (probably going to be around $1000). I've been invited on all 3 trips, and ever since I took French in high school and developed an interest in other cultures, I've been dying to travel. So, every time they ask me to go on a trip with them, my response is "I'd REALLY like to...but the money, I no have." Complete with big frowny face. :(
My question is this: is there a way I can finance the Costa Rica trip on my meager earnings? I make about $250 a week, and the only bills I worry about are my car payment ($271/month), electric (average $30-$80/month), internet ($50/month), groceries and gas ($320/month), and a credit card with $1000 charged on it ($50/month). The leftover pay usually gets spent on eating out a few times a week, getting a little booze on the weekends and going out for coffee once in a while. My parents help me with the rest of my bills, which I know makes me really lucky and some h8ters who've had to support themselves 100% from the day they turned 18 are all "shut it, bitch", but that's a whole other story.
PS it may be helpful to know I recently applied for a balance transfer to another credit card because my current rate is pretty high, and they rejected me for not making enough moolah.
Now that I look at the whole thing written out, I could of course just stop eating out and partying and drinking coffee, but I was wondering if there were any other options. Ones that won't turn me into a hermit who never goes out with her friends.
Thanks and big kisses,
I Wanna Goooo!
Does Annette have a neck? Just curious. You know, because of what you named them, the whole no-neck-funicello-syndrome popped into my head. So it's your fault.
Now, for your ACTUAL ISSUE. I guess I could say "Where there's a WILL, there's a WAY," but that would be all cliché and boring, and I could also tell you about how when we wanted to finance trips in college we started "donating" plasma for pay months in advance for extra cash (I also paid for a tattoo this way), but I'm not sure how helpful it would be. Besides, I don't know if you have a plasma center nearby.
So, here are some ideas. You mentioned working part-time- can you get more hours or a second job? You also listed $320 for groceries and gas, which sounds like you could work on it a bit, maybe switching to store brands and doing without here and there on some nicer things? Remember, I don't know how much you have to drive, either. Eating out adds up- ditch that. Also, the booze and coffee? Ditch that too. That shit ADDS UP. Maybe invite your friends over for a "Poker Night"- that way, you can save on going out and take some of their cash at the same time. Unless you suck at cards, and then I'd have to say dismiss that idea.
Basically, if you REALLY want to go, you're going to have to get creative and conservative at the same time to do it. I think the sacrifice might be worth it when you look back on it all.
I don't think that a single person, at the end of their life, said "Man! I wish I'd traveled less and saved a little more money." No. I imagine that they think about missed opportunities for adventure and fun. And sweetheart? You spend a LOT of money. You spend close to the same amount each month on groceries that I do. For me AND the bottomless pit stomach I share a house with. And I have to back up what BJ said on the going out and the coffees and such... STOP IT.
Maybe open up a second bank account, we call these foreign things SAVINGS accounts. And they are specifically for what we call "a rainy day" because from where I'm sitting it looks like you're hoping for a downpour and the skies are clouding up fast. See if your bank can transfer a certain dollar figure from each check into this savings account. Let it add up over a few months. You may not be able to go on the very next trip Fred and Ethel have planned but what if the three of you planned one together. One that was far enough out to give you time to save up for it.
Or rather than try and go on EVERY trip they plan (because my GOD do these two not ever want alone time? What the hell... oh... are you their "special friend"? And if so why aren't they footing your bill?) pick ONE trip a year. One that you really want to take. And spend the year saving up for it.
What about birthdays? Christmas? Would your parents be willing to give you the gift of cold hard cash that you could put toward your vacay fund?
I have been seeing these Bank of America commercials that claim to round up every purchase you make to the next dollar and deposit the change in a savings account. Couldn't hurt, could it?
Having friends who just flat out make. more. money. can be really difficult, I know because I have lots of those friends. My husband is an engineer and he makes a nice salary. We do quite fine on it. But most of our friends? Are married couples of TWO engineers. And their income is nearly double what ours is. We've had to do some prioritizing and we've had more than a few fights about money (so thank your lucky damn stars that you are figuring this all out on you OWN and not having to argue with some dumb boy who just doesn't understand your cries of OH MY GOD YES I NEED THOSE SHOES OR I WILL DIE ALONE AND YOU WILL HAVE KILLED ME AND I'LL BE BAREFOOT YOU ASSHOLE).
You are young. And this is the perfect time in your life to be able to take trips and have adventures. You have your whole life to make money. And get out of debt. (Says the woman who has only recently learned the ancient chinese art of balancing a checkbook.) Just don't try to do it all at once.
On baby-cookin' leave. Read up on all her gestational goings-on here.