Carly DeFelice: The Queen of Budgeting and Saving
Carly DeFelice, a 38-year-old community manager at a Austin, Texas co-working space and the founder of Best Money Class Ever, has become an expert in budgeting and saving over the years. She has managed to accumulate $400,000 in cash and investments, despite making only $58,000 a year – not much more than her current salary 12 years ago. DeFelice is proving that being on a budget does not mean compromising on quality of life and fun experiences.
**Establishing Herself as a Money Management Expert**
Between her college graduation in 2008 and her 26th birthday, DeFelice was able to pay off $35,000 in debt and set aside over $100,000 in investments, showcasing her prowess as a money saver.
She continues to demonstrate that budgeting doesn’t mean compromising on quality of life.
**Budgeting for Groceries**
DeFelice spends just $123.65 on groceries. She manages to do this by being incredibly intentional and having a grocery list. Planning her meals for the week, writing out what she’s going to have and planning what she’s going to have in advance, allows her to set a max for what she’s going to spend.
**Sticking to the List**
The important thing for DeFelice is to only buy items on her grocery list. By doing this, she’s able to avoid impulse purchases. This same tactics also applies to dinner or drinks with friends. “I’m very proactive. I’ll make a lot of the plans, and I’ll say, ‘Let’s go to this happy hour,'” she says.
**Prioritizing Experiences**
DeFelice has mastered the art of being incredibly social, having an amazing social life, and also being good at saving her money. She realized that it’s the experience with her friends that matters. Her balance of having fun and budgeting, is ensuring that she only spends on things that ultimately have meaning to her.
Carly has shown her audience that it’s possible to live a fulfilling life by managing money effectively and intentionally. She demonstrates that being on a budget does not mean compromising on quality of life and fun experiences. Her ability to effectively budget and save has not only enabled her to build wealth but also live a life full of social experiences and meaningful connections. Her message is clear: budgeting is about being intentional and prioritizing what’s important to you.
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