We’ve all seen them. The books, the podcasts, the news stories. Millionaire this, billionaire that. Success, success, success. 10 Billionaires Give Their Best Advice on Getting — and Staying — Rich 20 Productive Habits of Wealthy & Successful People 11 Habits of Successful Business People […]
Half of My Six Figure Student Loans are Paid Off! At the beginning of the month I crossed the halfway mark of my journey paying off $130,000 of student loan debt. Milestones like this seem so monumental on the approach, but as soon as you […]
As I predicted, July was long. It just seemed to stretch on forever. As someone who gets paid in the middle and at the end of the month, I had 3 weekends between paydays and I have to assume that was part of it!
I’m proud of myself for not expressing my frustration by spending though. I bought one month of CraveTV to watch The Handmaid’s Tale, and other than that just shampoo, dishwasher tabs, and food! Lowest discretionary spending in over a year – even though I got a raise!
Including interest, I’ve paid $2,874.75 to my debt this month!
I’m under $55,000 on my student line of credit! I’m also getting closer and closer to that halfway point.
What’s up in August?
Not only will I hit $20,000 paid off in 2018, but I’ll also finally be under $70,000 owing!
The math you’ll see on debt repayment sites is usually straightforward. Starting balances, interest rates, months left until you’re debt free. The advice is similar. Make a detailed budget, stick to the budget. Real life is rarely so calculated. Debt Snowball or Debt Avalanche? A […]
A FUCK YES Budget means evaluating your priorities and allocating funds accordingly. By definition, a FUCK YES Budget is dynamic – it changes according to your highest priority or your “FUCK YES.” The last budget I shared was based on a net income of $4,000, […]
Probably the thing I hate most about being in debt is simultaneously wanting the summer months to stretch out but also wanting them to blur by so I can make more payments.
In June I bought all the things: a backpack that cost more than you’d think, a two year pass to Grouse Mountain so I can torture myself on the Grouse Grind, a yoga mat and a pair of yoga pants, and several bottles of wine.
Including interest, I’ve paid $3,584.14 to my debt this month!
I’m under $20,000 on my student loan, and under $75,000 total!
What’s up in July?
July is going to be long and annoying – I’m getting close enough to the halfway point to be impatient about it!
You would probably never guess this about me if we met today, but I used to be addicted to shopping. I’m ashamed to admit it, but I’ve stayed up late for midnight makeup releases just to snag coveted products. I purchased limited edition items based […]
Prudes, slut shamers, and someone-please-think-of-the-childrens, it may be time to avert your eyes! Or, you know, stay and embrace the idea that consensual, safe, and yes even pleasurable sex should be open to everyone in this modern age. What inspired me to talk about orgasms, […]
What do these dates have in common?
They were all, at one time or another, dates when I thought I would make the final payment on my student loan debt.
Right now I’m hovering around July 2020, which is four months later than I expected just a few days ago. Sometimes you forget about certain expenses, or you miscalculate your payments, or, if you’re me, you accidentally count an upcoming raise twice. Ugh.
That’s where perspective comes in. I could view this as a four month setback, or I could remember that my new timeline is still almost six years earlier than I estimated when I first started this journey. Every month of debt freedom is another month where your money belongs to your future instead of your past. That’s something to celebrate.
I can’t say I wasn’t elated whenever I shortened my timeline and dejected whenever I extended it, but after a few days those feelings both faded and I went back to the steady grind of making payments.
Because that’s all this is.
Changing habits, making payments, changing habits, making payments.
The most common question I get is: HOW? How are you doing this?
I wish I had the silver bullet answer to your werewolf question. I don’t. If I did I assure you I’d already be debt free and living on my own private island in the Bahamas somewhere.
Everyone seems to want the infomercial solution, but when have those magic pills or quick fixes ever worked?
I’m not getting rid of debt by consolidating, or using a credit repair company, or racking up credit card rewards. I’m getting out of debt by changing habits and making payments.
The truth is that your timeline might change but the game never does.
Make money, send that money to debt.