The Debt Bonfire Method

Despite what many personal finance experts will tell you, there is no debt repayment method that fits every situation for every person. The ‘do whatever works best for you’ model isn’t going to sell any books though.. I’m not a personal finance expert, so I’m free to share my honest opinion of the two most…

The Map To Riches

Do you know where your money is going, from the time it comes into your life to the time it evaporates into thin air? (A short time, in my case!) I was inspired by Apathy Ends and Budget on a Stick to create a map of my money – where it goes, how it’s spent,…

A FIRE Playlist

When you’re in the weeds of a long term goal, like paying off six figures of student loan debt in 5 years or saving enough money to reach financial independence in 15, motivation is EVERYTHING. One of my key motivators is my FIRE (Financial Independence / Retire Early) playlist. There’s nothing like inspirational lyrics and…

Letters To My Future Self

On my debt free journey I’ve learned that motivation is everything. If we want to see progress we have to engineer our environment to bump ourselves along to success. Gamify, Automate & Habitify (GAH!) are my watchwords! Support is a major component of achievement, so surrounding yourself with people who encourage you is key. It’s…

Book Club: Broke Millennial by Erin Lowry (September 2017)

If you’re interested in reading books about personal finance, you came to the right place! September will be the launch of an online book club for personal finance lovers, right here at Debts To Riches. Thanks to @debtconscience for the suggestion! Next up on my to-read list is Broke Millennial: Stop Scraping By And Get Your Financial…

Debt Payoff Report – August 2017

August was pretty standard as far as debt payments go. I’ve settled into a routine where I pay $600 on my student loan at the beginning of the month, and $1,300 on my student line of credit in the middle of the month. My current goal is to continue with these payments until either my…

Above Average, At Least In Student Loan Debt

I don’t know what defines millennials as a generation more accurately – our love of avocado toast, or our crippling student loan debt. When I graduated in 2015, the average Canadian owed $26,819. Ever the overachiever, my debt topped out at a staggering $130,455 for my undergraduate, graduate, and law degrees. That was over two…