A lot of people these days are doing income reports for the money they make online. Personally, even though it may benefit me in some ways, I don’t want to share my income for the whole world to see. However, I have spent a lot of time thinking about how I could motivate people and encourage them through our financial experience a little bit more. Then I thought about doing an income report in reverse! Instead of sharing how much I make each month, I will be sharing a debt payoff report showing how much money we put toward our debt payoff each month. You may already be following my final $10,000 debt payoff journey. If you are, these reports will go hand in hand with that. I will take you through the steps we take to plan for this money, where it comes from, and the strategies we have implemented that are working to get us out of debt. So let’s take a look at our debt payoff for April 2018.
*This post contains affiliate links through which I may make a commission. All thoughts and opinions are my own.
If you are currently in debt, there are a few main options that you have to help dig yourself out. My first tip would be to find extra money in your budget. Do all that you can to start finding or making all the extra cash that you can in order to help you tackle your debt as soon as possible. On top of creating extra debt payoff money, there are a few other options.
Check out my total guide to the Debt Snowball and how you can get started today.
For me personally, I have used the blog as my main source of debt payoff income. If that sounds right up your alley, I have 5 totally free blogging lessons in my course, The Fun Sized Blogging Basics so you can see if blogging is for you!
I am a big believer in finding simple, easy, quick start ways to make some extra money. Here are the best fast-track jobs to making more cash today:
This month our family was able to put $3,600 toward our final debt payoff!! For us, that means that our Amazon credit card is officially paid off, and we have started putting all our money toward our final loam payment!
We are officially done with our credit card and have just our final loan to tackle!
The Goal: A big goal (that seems tough) for us is to try making a $1,600 debt payoff for the month of May so that we are officially at the half way point of $5,000 left of our final $10,000!
If you personally are struggling to pay off debt as well, you can get access to my personal budgeting tools as well as my totally FREE, private Facebook group. In the group, I try to ask questions to help everyone get ideas from each other, learn better ways of budgeting and all around get support when it comes to personal finances!
I hope you found this post helpful and if you have any questions please leave them in the comments below!