This is now the only debt I have left from the original $356,000 I started with in March 2016. That number may still look big but I’m about to slaughter it over the next 12 months in order to reach my goal of being debt free by end of 2020. Y’all said you wanted to see the journey and so far you’ve seen me
1. Roll up my loose change and throw it towards debt
2. How I create a budget and live on the envelope cash system
3. Bring my butt to work 5 days per week even when I’d rather be at home with my pups.
4. Still get my weekly 90 minute massages
5.Sold my car and bought a much older one instead.
6.Refinanced the last portion of my loans in order to drop my interest rate by 3%. 7. Cook breakfast, lunch and dinner at home
8. Rarely go out (but that’s really not difficult for me to do)
9. Sold some things that no longer serve me
10. Live on WAY less than I make
I’m not making any excuses. I’m getting this done by any means necessary. No need to wait on a new year to begin new goals. Start today. 💪🏾 #debtfreecommunity#debtfreejourney#daveramseybabysteps#daveramsey#financialfreedom#livingfrugal#debtfreecrna#debtfreeby2020#debtfreeby40#studentloans#studentloandebt#studentloanssuck#deathtodebt
1 Tag vor
Soooooo I did a thing! I told myself that I would pay off this loan by the end of 2019, and today I did just that.
If you've been following me for awhile you know that I'm team avalanche.
While I 100% love this method, the wins take MUCH longer than they do on the snowball method.
This "win" is 8 moths in the making and I could not be more excited to say goodbye to this loan FOR GOOD! #byefelicia
Here are the stats:
Highest balance- $38,553.40
Highest daily interest- $8.34
Interest rate- 7.9%
Time to payoff- 8 months
ahh! Happy Friday y'all!!
1 Tag vor
When Ryan was in college he saw someone throwing this table and chairs in the dumpster and being his frugal self he went and fished them out. That was over 10 years ago. It has undergone a few DIY makeovers (just finished this one today) since and continues to be as sturdy as ever.
This table has been witness to countless budget meetings, planning sessions for the future, hundreds of bowls of oatmeal, and some of our dearest friends and family as they have journeyed with us through the highs and lows of this chapter of life. Looking forward to gathering round this faithful piece of furniture in a few months time to make that final debt payment.
2 Woches vor
I have things on my wishlist tempting me, but I know they’ll feel so much better next year when I’m debt free ❤️
1 Woche vor
Bam! $2,000.00 towards our LAST student loan! Only $16,801 left! Our goal is to be under $15,000 by 2020! I know for certain we are going to meet and likely exceed that goal as we head into the new year. 💃💃
The accrued interest for this payment was just over $34.00. When we first started in Aug 2014 our monthly accrued interest was nearly $2,000 😳😳😳😳😳💸💸💸💸 _______
It's crazy how intentional effort over time can equal some big results. We watched the @playwithfireco this week and it donned on me we have been playing with the FIRE (Financially Independent/Retire Early) concepts for the past 5 years and 5 months and didnt even know it. Our debt payment rate has been approx 58% of our income over the past 5 year and very soon that will become our savings rate!
Since watching the film I have started listening to the @choosefiradio podcast and think it's going to be my podcast of the year nomination! So many interesting ideas and new perspectives. Excited for 2020 and all the changes paying off this crazy debt will bring!
1 Woche vor
The Myth: Student loans are a part of life. I’ll pay the minimums.⠀
The Truth: You CAN go to school without debt. But if you already have student loans, pay them off as quickly as possible and be free! ⠀
I love the work @anthonyoneal and @daveramsey are doing to educate Americans on the student loan crisis and how we can take charge of our futures. Have you check out their podcast series “Borrowed Future” yet? ⠀
1 Tag vor
What’s your main 2020 money goal?
I have a few!
#1 is to finish our $12k Emergency Fund. This is kind of a small Emergency Fund but we need to save up for new cars badly, so we will add more to this later
#2 Save up and pay cash for a new car for Derek, probably a truck
#3 Save up and pay cash for a new family vehicle that seats 7-8
We have to have our saving game on point this year. I think we will need to increase our income as well. Saving is HARD! Spending and even paying off debt are so much more fun.🤪 I think saving up for a specific purchase that we really want might be kind of fun, though. I can’t wait to make it happen. We will buy used vehicles that are 3-5 years old.
Right now my husband is still proudly driving his 2000 HONDA CIVIC. Y’all. This vehicle is older than college students. This vehicle is having its 20th birthday this year. I would like to make it a retirement party.😂 And by the way this photo is unintentionally a glamour shot. In real life it is has been keyed, hit, and the front grill fell off. It’s a very sad little car.😂 And my vehicle is an ‘08 Ford which still works, but makes me nervous. I want to save up and be prepared in case it dies on me.
What’s your main 2020 money goal? I want to cheer you on!😍👏🏻🥳
Yesterday I made my final payment of 2019, and I’m honestly shocked with how much progress I’ve been able to make since starting my #debtfreejourney in May.
So the numbers are in and I’ve paid $70,293 toward my student loans this year.
Seeing this number makes me excited, but also kind of sick when I think about what I could have done with $70k, but it is what it is.
I can’t wait to see where this journey takes me, and where I’ll be this time next year!
Have you calculated your debt pay off numbers for 2019 yet, I’d love to know what they are!