#FrugalSuccess Story – August 5, 2013 – Ronnie Saves $46,000 in Two Years

I considered writing about someone else with a great success story but then I thought to myself: you know what, Ronnie? You deserve to be selfish and tell your story! You worked damn hard!

So ladies and gentlemen, this time around, I nominate myself as the success story of the week! *cue cheering*

Why do I deserve to be in this spot? Well, by December of this year, I have transitioned from being in debt to saving $46,000 in just two years!  

Ronnie versus Bank
The bank and I don’t have a good relationship

The progress to this point was slow. Let’s go back in time to 2004, when I finished high school and headed to university. To say that I was in financial strain during my studies would be wrong. I had the good fortune of landing a full academic excellence scholarship to cover my studies including tuition and a significant subsidy for rent. My monthly costs were very low and were easily covered.

Then came the army… during my military service I made only $80 a month – yep, military service here is not quite what it is abroad. At that point, I started feeling the weight of financial strain! Rent, food, bills, transportation – it all started adding up and I quickly went into debt. It took me a year of minimum wage work outside the army to pay off my debt to the bank (while significantly lowering my standard of living…) The next few years were rough – unemployment, more debts, low salaries. Phew!

Fast forward to 2011 – the year I decided to change my life. For the first time ever, I made a commitment to ensure my financial security. I moved into my dad’s apartment (rent-free living!), starting getting more involved in couponing, sales and discounts and checked every bill and paycheck in detail. I took work that I wouldn’t normally be open to doing – I waitressed, I worked for an organization that underpaid me and overworked me, and I tried to make extra money on the side with other activities like translating. I even sued a huge company when I realized they had overcharged me. My hard work and determination paid off; I started seeing the savings rack up. Every cent counted in this goal, and I spared no time in ensuring I reached it.

Now, here I am, a few months from my goal and I actually managed to surpass it – significantly. 😀 I’m finally in the green zone and it feels amazing to have that security! Next up, comes investment – my $46,000 will become millions. (haha I hope)

About Ronnie E.

Ronnie is the frugal Latina of the group. Hailing from the beautiful Andes Mountains in Bolivia, she lives and breathes frugality. She loves to figure out how to spend less money and takes on the challenge of finding great deals and cheaper options every day.

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