How to Clean Out Your Closet

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Dress shabbily and they remember the dress; dress impeccably and they remember the woman.
— Coco Chanel
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As I shared last week, confidence is super duper important when it comes to being financially successful. If you don’t feel confident, you won’t have the courage to ask for the raise or state your fee with a client. One of the best ways to boost your confidence is to wear clothes that you make you feel good.

You already know this to be true. If you’re feeling lousy one day, doesn’t your mood immediately change when you put on your favorite outfit? Not only does your mood change, but the people around you also respond differently to you.

Defining your fashion and style is part of the journey of being financially successful. I am currently working on mine and invite you to join the journey with me as I work with my wardrobe stylist, Andrea Faye. Keep reading for her tips on how to level up your sense of style.


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This upcoming year is going to be amazing because Danetha and I are joining forces to show you how to build your dream wardrobe. Between the two of us, we will not only show you how to up your style game as a professional, modern woman, but also, how to plan for it financially. As with any good habit, small changes add up to something great- so let’s move forward with this first set of takeaways.

As you may have read from last week’s Money & Mimosas, I started working with Danetha in strengthening her personal style. A great first step in honing in on your personal style is doing a “closet cleanse” which basically means gutting your entire wardrobe to only include items that are the strong points in your style.

Here are a few main points to consider in conducting a closet cleanse.

1. Empty out everything.

Seeing the contents of your closet outside of context will provide a new perspective for what you actually own. Between gifts, impulse buys, clothing that doesn’t properly fit but we still feel like keeping because we spent money on it, the list goes on… Once it’s out, you can face each item with a fresh point of view.

2. Organize your clothing by priority

Create four piles: definitely keep, maybe, donate, and throw away. Use this time as you organize to reflect on how each item makes you feel when you wear it. Any hesitation is a red flag that the item does not belong in your wardrobe. When you are done, the keep pile may be the smallest, but the positive side to this, is that the items that you do keep are the foundation to your style.

3. Think of yourself as a style icon

Reflect on the most stylish people throughout history. Despite a diverse array of personal styles out there, style icons have one main thing in common: a signature identity. The more you can define the key components of your signature, the more you can develop what it is about you that stands out. Not only will you feel more true to yourself, but you will also come across stronger to other people.

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4. Consider your lifestyle

Absolutely, you can be fashionable 100% of the time. The beauty of a well defined closet is having the variables of your multifaceted lifestyle come together and always be reflective of your individuality. Consider your activewear, loungewear, special events, work, social life, and even events that you wish to attend more of in the future.  If you have something that doesn’t represent that best version of you for each of those scenarios then toss it and we will upgrade over the coming year.

5. Design elements

If you are working with me on developing your personal style, we may identify your color palette and silhouette ahead of time. A smaller color palette (3-5 main colors) allows for more versatility when pairing items. Color is an important variable, but also, don’t forget to keep in mind prints, patterns, texture, and textiles in general. Consideration of details like these are what transitions a look from low end to sophisticated. I will cover more on this in the future both with Danetha and on my newsletter, but for now just start to wrap your mind around what type of details you are drawn too.

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6. This is self care.

Your closet may be a good point for self-reflection, but please, keep your eyes on the prize. You are doing this for yourself to become the best version of you. If anything makes you feel body conscious or brings up a memory of a fashion nightmare, anything, just acknowledge it and remind yourself from here on out we are going to up your style game. It can be hard to get rid of things for some, so imagine yourself with the wardrobe of your dreams because you can absolutely attain it.


And now I’d love to hear from you! How often do you clean out your closet? Let me know in the comments below.


If you’d like to learn more about working with Andrea, click here to apply for a consultation. Or if you have questions, you can reach out to her directly at boss@dreafaye.com


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4 Ways You Are Losing $2500 Every Year Without Realizing It

When it comes to money, everyone wants more of it.  There are two ways to have more of it, either earn more or spend less. While earning more can take a lot of effort and time (and sometimes money), spending less is only a matter of discipline.


Here are four ways that many of us lose $2,500 each year without even realizing it. Pssttt- I’m sure you’re not doing of any these, so pass this article along to a girlfriend who could use a little money coaching.

1. Unused gym memberships

 Most cities now have a bike-sharing program. It’s cheap, a fun activity and a great workout! This was me in Portland using their bikes.

Most cities now have a bike-sharing program. It’s cheap, a fun activity and a great workout! This was me in Portland using their bikes.

Countless Americans sign up for gym memberships, with the resolution to work off that Token 10, but the vast majority let their membership slack like their waist line. And eventually their wallets.  On average, a gym membership is $50 per month or $600 per year. Most gyms only anticipate that 18% of their members will actually show up. What?? Before you sign up for a gym membership, think about using drop-in classes as your workout routine and combine it with running outside or working alongside your favorite YouTube star. My favorite app to use for this is Zenrez Fitness that offers discounted rates on last-minute class signups. I saved $10 on a spin class in LA by using this. Some of my favorite YouTube channels to work out with are Blogilates, Tone It Up and this 12 Minute Madness Workout by BodyRock. Instead of spending $600 on a membership per year, you could easily cut that in half by finding discounted classes, using free trial periods, and working out at home. A savings of $300.

 Hiking is also a great workout and an awesome date activity!

Hiking is also a great workout and an awesome date activity!

 

2. Wasted food

Whether it's the plus-size bag of spinach or cashew milk that you convinced yourself that you would use to make smoothies for the week but ended up going bad in the fridge, wasting food (and therefore money) is a regular occurrence for many people.  According to the American Chemistry Council, the average U.S. household throws away $640 of food each year. Combine that with our gym memberships above, that’s a total of $940 you could be losing each year. My recommendation is to choose one day per week that you go to the grocery store. Make a list, do your shopping, then meal prep with all of the items. For our family of two, we cook our meals on Sunday and I batch things like smoothies and freeze it until I’m ready to drink them. A little preplanning will go a long way with helping you save money.

3. Overspending on restaurant meals

Money & Mimosas

While I totally support eating at restaurants, especially for your weekly Money & Mimosas date, doing it on the regular will start to add up quickly!  According to the Bureau of Labor Statistics, the average American household eats out four to five times per week, and spends a total of $3,008 dollars on food away from home per year. If you cut that in half, that’s an extra $1,500 in your pocket! Combine that with the unused gym memberships and wasted food, we’re up to $2,460 in savings for the year.

 

4. Inflation

You may have heard the saying that a dollar today is worth more than tomorrow. This is because of a little pesky thing called inflation. Now this doesn’t mean that you should go out and spend that dollar! It means that you need to place it in account that earns interest, so that your dollar outpaces inflation and works for you. One area that most people lose money is in their checking account. Many checking accounts have 0% interest, meaning that your dollar is actually losing money. Instead, you can place your hard-earned cash in Radius Bank’s Hybrid Checking account that does add interest to your dollars! Depending on your account balance, your interest could mean an extra $40 in your pocket. Combine that with our totals above, that’s four ways you could be losing $2,500 without even realizing it. With some simple tweaks you could turn that around and save that $2,500 and put it towards your financial goals.

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This post is sponsored by Radius Bank.

Tips for Planning A Destination Wedding

Author: Abigail Golder

Perhaps you’ve dreamt of a magical beach wedding since you were young. Sometimes, life does not go as planned. For instance, the love of your life has proposed but you live in the mid-west, where the closest beach is thousands of miles and a full day’s travel away.  

Wedding on Money & Mimosas

While you might quickly become discouraged, there’s no reason to fret! Destination weddings are fun and if you have played your wedding planning cards right, shouldn’t be too challenging. We’ve collected some necessary tips for planning a destination wedding that you’ve always dreamed of.

Consider the Timing

Because we are talking about a dream (destination) wedding, it’s important to consider all the important factors. One of these, is the time of day and time of year for your wedding date. If you’ve always been dreaming of a southwestern, desert wedding, the season for prime wedding time is actually in the winter months. Similarly, Austin, Texas, may be hot or rainy during the summer months, so a spring or fall wedding is a great time for a Texas wedding.

If a mountain-top wedding is your dream, consider that places like Colorado have snowy winters and windy springs. While you may think that a May wedding would bring perfect weather and a touch of cool air, it will in fact bring gusty winds that are sure to falter your hair. That said, we aren’t trying to discourage in any way. If it’s always been your dream to get married in April in the mountains, you’re looking to have a wedding at one of the less desirable times, there’s always the option of an indoor venue. This way, you can choose your wedding date regardless of the weather.

Plan at Least Two Trips

It’s important to plan some visits to your destination of choice long in advance because you don’t live in the place that the major event is located. The first trip should be to visit venues and speak to other vendors like DJs, caterers, florists, etc. While it’s ideal to go a few times in the planning period, the first trip should be at least one year, ideally 14-16 months, before your Big Day.



After choosing your specific venue, plan the second trip for about the 6 to 8-month mark. At this point, couples likely have picked a wedding theme, determined a guest count, and brides has found their dream gown. Get in touch with local hair and makeup artists and schedule a trial during this time. That way, if you don’t like your style, you have plenty of time to rethink this important decision. Now that you have a guest count and wedding them, you can also revisit your venue and get a more detailed idea of how the décor, seating and schedule might pan out. Schedule a second meeting with your florist and caterer to update them on all the progress as well.




Wedding on Money & Mimosas

The third trip is optional, but extremely helpful if your time and budget allows for it. About 6 weeks before the wedding, head to your destination one more time. While this might not be possible if the wedding is international, it’s super helpful if it’s a drivable trip. For brides that didn’t like their first hair and makeup trial, are planning DIY projects, or need to do a food tasting, this third trip is necessary. Otherwise, save the expense. This will allow you to arrive at your destination wedding a week ahead of time to organize and set up.


Keep Your Guests in Mind

Considering that you’ve likely been dreaming of this day forever, it’s important to do things your way. That said, a destination wedding is not only expensive for guests to attend, it’s also time consuming. Most people will end up taking a few extra days off work to make it in time. Consider your friends’ and families’ schedules and wallets when choosing your destination. Many more people will likely be able to come if it’s close enough to drive or inexpensive to fly.

If you’re Big Day does include a significant time or financial sacrifice, consider supplying invitees with reasonable options. This could include nearby resorts’ all-inclusive packages. Also, ask the resort if they will give a discount for a group reservation. Many resorts offer this amenity as an incentive to bring in more business. After the RSVPs start flowing in, supply your guests with airport information, shuttles or inexpensive car rentals, and tips for traveling in your destination.


Wedding on Money & Mimosas

Hire a pro

It’s true that wedding planning can be stressful, especially if your Big Day is thousands of miles away. The key to a successful destination wedding is having plenty of time to plan. If your schedule doesn’t allow it, consider hiring an advisor or a wedding planner to lift some of weight off your shoulders.



As you can see, it takes quite a bit of planning, and finances, to plan a destination wedding. Give yourself plenty of time to visit the location and to save up for the wedding of your dreams. Use a savings account, like Radius Bank’s high-yield savings account, to stash some cash for your big day. Not only is it super easy to set up an account (it’s all online), but they have one of the highest APY rates on the market.


Follow these tips for planning a destination wedding and chances are, you’ll have the wedding day of your dreams. Contact us for any wedding questions you might have. Happy Wedding!



About the author: Abigail is a DIY bride with an upcoming wedding date in September! She's been planning her Colorado wedding from her home in Arizona with a some help from her wonderful friends, family, and of course, her future hubby. She is a Freelance Content Writer who loves to share a great story. Originally from Colorado, Abigail grew up in a small town called Montrose and she still spends much of her free time in the mountains hiking and skiing.


This post is sponsored by Radius Bank.



Plan a weekend trip to Portland, Oregon

Summer 2018 is going to be remembered as one of the most fun summers I have ever had. It has been jam packed with happy hour dates and fun trips! Beginning with me and my beloved’s week-long vaca in Belize and my 7-city Future of Accounting tour sponsored by Avalara across the United States. My most recent stop was in Portland, Oregon for a one-hour presentation to twenty-five CPAs and financial professionals. My presentation was scheduled for Monday afternoon, so Nick traveled with me and we turned it into a long weekend.

We flew out early Friday morning and landed around 8a. As soon as we landed we were greeted with Portland’s 90 degree heat wave - I loved it- and a $95 parking ticket. Sigh. More on that later.

Other than the unfortunate ticket, we had the best time in the cute little city hiking, biking and eating. Our total expenses for the trip ending up being $1,438.29. Here is the breakdown of our costs.

Portland Money & Mimosas

We did borrow a friend’s car, which saved some money. If you do visit Portland, do yourself a favor and avoid the neighborhood we stayed in. It was lovely, but also out in the suburbs which meant a 20 minute drive to the closest worthwhile bar or restaurant.

As I mention in all of my travel posts, I highly recommend getting into the habit of saving up for these weekend trips. Otherwise, you will probably spend willy nilly. Believe me, every $8 mimosa adds up and the worst feeling is having traveler’s remorse when you realize how much you spent.

Leading up to the trip, save a fixed amount each week and transfer it to a high-yield savings account, such as Radius Bank, which allows you to earn a higher interest percentage than traditional savings accounts.

Keep reading to check out some of the highlights from our trip:

 As soon as we landed, we grab our rental car from Toro. Such a great service! We drove to brunch row in Southeast Portland and chose Cheryl's on 12th as our first stop because they greet you with fresh beignets. OMG. So good! Unfortunately, we mistakenly parked illegally and within the first two hours of being in Portland, we managed to get a $95 parking ticket. Definitely something we didn't save up for - whooops!

As soon as we landed, we grab our rental car from Toro. Such a great service! We drove to brunch row in Southeast Portland and chose Cheryl's on 12th as our first stop because they greet you with fresh beignets. OMG. So good! Unfortunately, we mistakenly parked illegally and within the first two hours of being in Portland, we managed to get a $95 parking ticket. Definitely something we didn't save up for - whooops!

 We went on two epic hikes while in Portland. The Fall Creek Trails and this hike. Check out the YouTube video below for all the sites.

We went on two epic hikes while in Portland. The Fall Creek Trails and this hike. Check out the YouTube video below for all the sites.

 The brewery situation in Portland is beyond! I loved the Sessions brewery and the fabulous rooftop.

The brewery situation in Portland is beyond! I loved the Sessions brewery and the fabulous rooftop.

 Mimosas are everywhere in Portland! Bar Carlo have fresh mango mimosas (my favorite!) and one of the tastiest brunches I've ever had. 

Mimosas are everywhere in Portland! Bar Carlo have fresh mango mimosas (my favorite!) and one of the tastiest brunches I've ever had. 

 The food scene in Portland is beyond! And this is after living in the Bay Area! This delicious meal is from Bar Carlo. 

The food scene in Portland is beyond! And this is after living in the Bay Area! This delicious meal is from Bar Carlo. 

 The cheese plate at Nord Broder is amazing. Shout-out to our friend for introducing us to this spot and hanging with us. They have three or four different locations across the city. 

The cheese plate at Nord Broder is amazing. Shout-out to our friend for introducing us to this spot and hanging with us. They have three or four different locations across the city. 

 Yum.

Yum.

 Yumminess at Nord Broder.

Yumminess at Nord Broder.

 Biking is the best way to see a city. But, I do not recommend using these Ford Bikes. They system is low-key shitty. Every bike was either out of service for maintenance or just plain awful. Such a shame because the bike share program is a great idea.

Biking is the best way to see a city. But, I do not recommend using these Ford Bikes. They system is low-key shitty. Every bike was either out of service for maintenance or just plain awful. Such a shame because the bike share program is a great idea.

 Sipping on mimosas when we found out that our cameo on House Hunters International went live and that I got a call-back for a TV show executive produced by Ashton Kutcher.

Sipping on mimosas when we found out that our cameo on House Hunters International went live and that I got a call-back for a TV show executive produced by Ashton Kutcher.

 Getting ready for my talk! Such a cute location!

Getting ready for my talk! Such a cute location!

 Thank you, Avalara, for sponsoring my talk! I had so much fun connecting with these powerful women in accounting.

Thank you, Avalara, for sponsoring my talk! I had so much fun connecting with these powerful women in accounting.

 Selfie fun with the ladies after the discussion. Shout-out to Jennifer Dymond for hosting me and organizing the group.

Selfie fun with the ladies after the discussion. Shout-out to Jennifer Dymond for hosting me and organizing the group.

 So great to meet Ashley Schlaefli! A rockstar business owner while raising four little ones. Get it, mama!

So great to meet Ashley Schlaefli! A rockstar business owner while raising four little ones. Get it, mama!

 

 

5 Surprising Investments that Justify Being a Shopaholic

Bernard Maybeck. The famed late architect best known for designing the Palace of Fine Arts in the Marina District of San Francisco. The son of a German immigrant, he studied at the Ecole des Beaux Arts in Paris before moving to Berkeley, California. His style was an eclectic blend of Mission style, Gothic revivial and Beaux-Arts classicism.

 Palace of Fine Arts in San Francisco. Designed by architect, Bernard Maybeck.

Palace of Fine Arts in San Francisco. Designed by architect, Bernard Maybeck.

I had the distinct pleasure of being invited to a private lunch to one of the residential homes Maybeck designed in the Oakland Hills, known as the Guy Hyde Chick House. The owner, an art collector affectionately described as a raconteur by the Mercury News, graciously invited me over after we met a party hosted by our mutual tech publicist friend. The design of the home is known as “First Bay Tradition” style, where the structure is designed to merge with the natural surroundings. Perhaps laying the foundation for today’s green movement.

Everything about the home was breathtaking, but what stood out to me the most was the incredible art collection. It was almost as if the rooms decorated the art, not the other way around.

 "Time is fleeting" by Fong Fai. Originally from Hong Kong, he now resides in San Francisco.

"Time is fleeting" by Fong Fai. Originally from Hong Kong, he now resides in San Francisco.

As someone who is new to the art collector’s world, I was in for a treat and some major education about fine art pieces embodying 5,000 years of cultural expression- Chinese. I also learned a little bit about the business of fine art and the opportunities it presents for investors.

Inspired, immediately after lunch, I did some research on luxury items as investments. How is that art can be a place to store and build wealth? Are there other luxury items that can do the same?

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Apparently, yes! So, the next time someone judges you for shopping for the finer things in life. First, tell them that you are making a practical investment and expect to see a decent ROI on your purchase. Then say, bye. Because you don’t need that kind of negativity in your life.

  1. Fine Art. According to the Knight Frank Luxury Investment Index, the fine art category is making a comeback as a passion investment. After a depressed 2016 market, the value of art at auctions has grown by 21 percent with the headliner, Salvator Mundi by Leonardo di Vinci selling for $450 million.

  2. Jewelry. Prices for jewelry grew four percent last year and 138 percent over the last decade. The record price was set by ‘Apollo & Artemis’ diamond earrings, which were sold for $57.4 million. And the record for a diamond? $71 million was the selling price for a rare diamond known as the “Pink Star”.

  3. Fine wines. After being the leader in the passion investment class in 2016, fine wines are going through a slight contraction in pricing. After a 24% price growth in 2016, last year it slipped to 11%.  However, with a double digit growth increase, the category remains a strong contender.

  4. Vintage Cars. Who would have thought that cars could be an investment vehicle. Maybe it’s not a surprise to you, but the amount that these cars sell for is mindblowing to me. Last week, a 1962 Ferrari 250 GTO sold for $48.4 million at RM Sotheby’s annual Monterey collector car sale. The value of the car is expected to increase to $100 million within the next two to three years.

  5. Furniture. Yes, you love for fabulous for home decor is 100% justified. A rare set of four Chinese huanghuali folding chairs sold for over $5 million. Sounds like your interior decorating haul is a retirement plan.

See, your love for shopping is totally a legit investment strategy. With that said, be sure to do it responsibly and have an ample amount of savings to support any unexpected (welcomed or otherwise) needs. I recommend a high-yield savings account because the return is much higher than traditional accounts. Click the link to check out the Radius High-Yield Savings account* - they have one of the highest interest rates.

For more fun money tips, join our weekly Money & Mimosas Insider list.


This post is in partnership with Radius Bank.

The three best credit cards for travelers

Plantains, volcanoes, hiking through Costa Rica’s rainforest...having the ability to explore Mother Earth is a true gift.

As a young millennial couple, me and my beloved take every opportunity we can to check out new places. Especially for special occasions! To celebrate my beloved’s 30th birthday, I treated him to a week-long trip to Costa Rica. It was our first time there and it was incredible.

Costa Rica on Money & Mimosas
Costa Rica on Money & Mimosas
Costa Rica on Money & Mimosas
Costa Rica on Money & Mimosas

The food, sights, sounds, culture - it was both peaceful and exhilarating to be around such vibrancy. Saving up for a trip like this is totally doable. To reduce the temptation of spending your travel funds, keep your savings in a separate account.

I recommend a high-yield savings account because the return is much higher than traditional accounts. Click the link to check out the Radius High-Yield Savings account - they have one of the highest interest rates. 

Costa Rica on Money & Mimosas

After the trip, we went through our photos, videos and expenses. After totaling the costs, we were shocked to see all these random charges from our credit card. Apparently every time we swiped our card, we were charged 3%. Known as a foreign transaction fee.

What?! 3% seems small, but it can start to add up. For every $1,000 you spend, the card tacks on $30. That's easily several mimosas when you're vacationing in Costa Rica or Belize.  After doing some research, I found that most credit cards tack on this extra charge.

But, below is a list of three that have ZERO foreign transaction fees. 

Costa Rica on Money & Mimosas

Bank of America Travel Rewards. The biggest benefit is that there is no annual fee.

Bank of America Travel Card on Money & Mimosas

Capital One Venture Card. Biggest benefit is that you earn unlimited 2X miles on every dollar on every purchase, every day. 

Capital One Venture Card on Money & Mimosas

Chase Ink. Biggest benefit are all the perks for business travelers including zero fees for employee cards.

Chase Ink card on Money & Mimosas

This post is in partnership with Radius Bank.

For more money tips on living your best life, join the Money & Mimosas insider list



 

 

How much does it cost to spend a week in Belize?

Xunantinich, Belize on Money & Mimosas

Me and the beloved went on a dreamy vacation over the July 4th holiday. We chose Belize as the destination because we love the beach and doing outdoorsy activities.

Well, Nick loves doing outdoorsy things. Truth be told, I am just fine sipping rum punch on the beach with the book. But I digress…

We planned this trip back in January and each saved up for it. Whenever you’re planning a trip, I recommend pricing out everything beforehand (like we did for our San Diego trip!) and adding 20-30% so you have extra fun money! 

We ended up spending $3,008.48. on this trip to Belize. Here is the breakdown:

Belize Expenses - Money & Mimosas

Saving up for a trip like this is totally doable. If you give yourself six months to save, that's $500 per month. To reduce the temptation of spending your travel funds, keep your savings in a separate account. I recommend a high-yield savings account because the return is much higher than traditional accounts. Click the link to check out the Radius High-Yield Savings account - they have one of the highest interest rates.

Here are some of the highlights and recommendations from our trip to Belize!

 We flew Southwest because we signed up for the companion pass earlier this year. Which means you can buy one ticket and get one free! SO awesome!

We flew Southwest because we signed up for the companion pass earlier this year. Which means you can buy one ticket and get one free! SO awesome!

 When we arrived to our resort, Dream Valley, we were greeted with a soursop cocktail. Such a lovely gesture of hospitality and soooo delicious.

When we arrived to our resort, Dream Valley, we were greeted with a soursop cocktail. Such a lovely gesture of hospitality and soooo delicious.

 The seafood in Belize is incredible! When you visit, be sure to get snapper ceviche.

The seafood in Belize is incredible! When you visit, be sure to get snapper ceviche.

 One of the memorable activities we did during this trip was a five-hour cave hike. It was unlike anything I've ever experienced. Cameras are not allowed in the cave, therefore some of these photos are courtesy of the tour company- MayaWalk Tours.

One of the memorable activities we did during this trip was a five-hour cave hike. It was unlike anything I've ever experienced. Cameras are not allowed in the cave, therefore some of these photos are courtesy of the tour company- MayaWalk Tours.

 Inside the cave! We had to wear headlamps because some areas were pitch black.

Inside the cave! We had to wear headlamps because some areas were pitch black.

 We made it! This is us, soaking wet, after the cave hiking.

We made it! This is us, soaking wet, after the cave hiking.

 Carol and Mike are two travel bloggers we met on the tour- they are such a fun couple! Check out their blog,  Curious Gypsies , for awesome travel tips!

Carol and Mike are two travel bloggers we met on the tour- they are such a fun couple! Check out their blog, Curious Gypsies, for awesome travel tips!

 After the hike, we went for a calming swim at the beautiful pool at the Dream Valley resort. Loved this property!

After the hike, we went for a calming swim at the beautiful pool at the Dream Valley resort. Loved this property!

 Our next activity was hiking through Mayan temples. Absolutely breathtaking.

Our next activity was hiking through Mayan temples. Absolutely breathtaking.

 Hiking down from one of the Mayan temples.

Hiking down from one of the Mayan temples.

 The views from the Mayan palaces were spectacular!

The views from the Mayan palaces were spectacular!

 Nick sipping on the local beer in the marketplace.

Nick sipping on the local beer in the marketplace.

 The final part of our trip was spent on Key Caulker island. We took an hour-long ferry ride to the island. The Split is a famous location - in 1961 a devastating hurricane hit the island causing it to split. Fifty years later, there are a couple of great restaurants at the Split and beautiful views. 

The final part of our trip was spent on Key Caulker island. We took an hour-long ferry ride to the island. The Split is a famous location - in 1961 a devastating hurricane hit the island causing it to split. Fifty years later, there are a couple of great restaurants at the Split and beautiful views. 


This post is in partnership with Radius Bank.

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How to have a life this summer without going broke

Oh the life of a Socialite during the summa summa time. Mimosa brunches, fitness challenges to keep that summer bod tight and right, lounging in the sun at the park, impromptu photoshoots, BBQs, pool parties, birthday parties, shopping dates…

Like you, the summer is my time to show up and show out. I don’t know what it is about the warm weather and sunshine, but it gives me all motivation to live my best life. And the urge to spend a lot of money. I thought I was alone in this until some of my girlfriends shared with me that the summer time is when they see their credit card balances go way up, and their savings accounts go way down.

Recently I was chatting with a woman named Brittney*. 23-year old, recent college graduate, working at a fashion tech company based in New York. I had first connected with her at a Socialite event and we were catching up over mimosas while she was visiting family in  San Francisco. As most conversations go with my friends, the topic quickly turned to money.

Summer Fun.jpg

It had been one year since Brittney had graduated from college and she had been with the company for about four months. Her salary was $55,000, and after taxes, etc- she was bringing home about $3,000 a month. She had four roommates and they were each paying $1,000 per month. Sidenote: this is the perfect rent to salary ratio for Brittney. Ideally, your rent will not exceed a third of your take -home pay.

“But,” she went on to say, “I am always broke. I have no idea where the rest of my money is going. And now that it’s summer, I feel like I’m whipping out my credit card every two seconds to buy a new outfit or concert tickets or whatever. This is the most money I’ve ever made and I know how to live on much less. But, it’s been a real struggle these last few months.”

I sympathized with Brittney. I could certainly understand that feeling of having more month than money. It is so stressful to live on a wish and a prayer that your account won’t be overdrawn, or that you can squeeze by without paying rent until the 5th, or seeing your credit card balance continue to rack up.

Needless to say, Brittney is not alone in this. So many people earning a decent income, still feel broke. They never feel like they have enough money and constantly have the urge to spend money they don’t have.

Especially during the summer.  During the months of sunshine, outdoor festivals and parties, none of us want to have the sense of FOMO. We all want to be involved in all the activities, buy new outfits for every occasion so we can have Instagram-worthy photos, and live our best lives.

But doing all of that doesn’t mean you have to risk your financial health. Being mindful about your money will save you headaches, anxiety and, it goes without saying, dollar bills! Here are some things you can do to have a life this summer, without going broke.

  1. Pick up a side hustle- or three. Yes, I’m sure you’d rather not add to your workload, but having an additional source of income will give you more discretionary income. Not to mention, the time you spend working means less time you will have to spend your money. Wink wink.

  2. Have your girlfriends come over and go for a walk. Instead of meeting for happy hour or brunch, invite your friends over for a party in your home. Ask everyone to bring a dish and drink to share. Not only are you saving money, but you’re also spending time in your beautiful home. Win-win!

  3. Check out your local area’s free events. Remember back in college when you would go to events because they had free food? Yea, I do! I didn’t care what the event was about as long as they fed me. Now that you’re a “grown-up”, doesn’t mean you can’t check out the free stuff. Look up your local area’s bloggers and check out their recommendations for free things to do.

  4. Go hiking or biking. Incorporate outdoor activities that are free to do. The summer time is the best time of year to get outside and explore hiking and biking trails.

  5. It may go without saying, but I have to mention that you also have to get real about your spending. Check your bank account on a weekly basis to review where you spent your money. The Radius Hybrid checking account is one to consider if you want to earn interest on your checking balance (and who doesn’t want to make money on their bank balance!). Being mindful about your spending is a big part of being the master of your money - not the other way around. For more tips on what to do during your weekly date, check out our article, What to do doing your weekly money date.

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*Name changed to protect identity

This post is sponsored by Radius Bank