Debt Payoff, April 2018: $3,600

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.

Debt Payoff, March 2018: $800

Debt Payoff, March 2018: $800

A lot of people these days are doing income reports for the money they make online. Personally, even though it maybe 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 March 2018.

Millennials are fed up with debt -Know how they are getting rid of it!

Millennials are fed up with debt -Know how they are getting rid of it!

Millennials are done being called reckless spenders. See how they are killing their debts and starting to live life debt free.

I am a ‘millennial’!~
But I really wonder, if there’s anything special about this word!

Life has turned its back on me. All the big fuss, style statement, fashion, being so punk, rock and roll evenings, all just faded away, the day I realized I am drowning in debts.

<This realization was something huge, it made me silent and forced me to regret.

After a couple of days of fighting with myself, I had a talk with a few of my university buddies. Guess what? They are also dealing with the same problems. I learnt that student loan is probably the second major debt after credit cards, we all millennials are facing!

But we Millennials are seriously done with debts, and we have already started taking measures to fight those devilish amounts.

In this post I will be discussing the several ways millennials are paying off debts, and if you are a millennial yourself, then welcome to our party of ‘debt fighters’ (That’s what we are calling ourselves lately, fancy eh?).

When me and my friends sat down with our debt amounts 6 months ago, we devised suitable plans to kill our debts one by one.

I will try to help you out with the same plans, if you really want to know how you can pay off debts smartly being a millennial!

Sinking Funds. Tips for Beginner Budgets and Debt Payoff

Sinking Funds. Tips for Beginnger Budgets and Debt Payoff

It’s no secret that Tom and I have struggled big time when it comes to finances. During those times in life when we had less kids to worry about, more time and money we made terrible choices. What could have been the best savings years of our lives turned into the best chain restaurant years of our lives. We had all the latest in movies and clothes and we found something to spend money on every weekend. Still, at the end of the month we found ourselves penniless. (I guess it’s easy to see why.) If only time travel was possible…I would totally go back in time and kick my well dressed butt. These days, we have dug ourselves out of some serious debt, gotten our priorities strait and we have sinking funds to thank for a huge part of it. 

Debt Snowball Helped Us Pay off $6,000 of Debt in 6 Months

I have said it before and I’ll say it again, the day I got comfortable talking to my husband about our finances, was one of the biggest sighs of relief of my life. For years we went to church and listened to them talk about some of the best Dave Ramsey methods to payoff debt. When we finally buckled down and gave it a go, we were surprised at just how easy it was. We have implemented budgets, get out of debt strategies, and better ways to save. I have included easy to follow printouts in my Fun Sized Budget Bundle on all the methods we use to keep our finances on track, so you can take full advantage of these practices as well. Right now I’ll show you how the debt snowball helped us pay off $6,000 of debt in only 6 months!