This blog post is part of the Pay Down My Debt (PDMD) blog tour, sponsored by US Equity Advantage. PDMD is a solution that accelerates debt payoff and helps consumers monitor their credit and make smarter purchasing decisions. If you’re looking to pay off debt find out how they can help. When I meet new people, eventually the topic of my debt payoff journey comes up. I tell them that I write about personal finance and that I paid off my ... Read more...
How I Paid Off My Student Loans: My Five Best Strategies
When I trying to pay off my student loans, I decided that I had to find a few different strategies to becoming debt free. I wasn't earning much ($30,000/yr) and owed almost that much ($28,000/yr). Because of my limited salary, I needed to become more diligent about my finances than I had ever been. I learned so much through that process and want to share the five best methods that you can use for your own debt payoff goals: Track Your ... Read more...
How I Paid Off My Loans in Three Years – and You Can Too!
Are you looking to pay off your debt but need a little guidance? I paid off my loans in 3 years - all chronicled on this blog, and I've created a course to help you pay off debt too. Let me be clear, you don't have to buy this course if you want to pay off your loans. Most of what's in the course is something I've written about before. The course gives you a step-by-step guide that can break down paying off your loans into more manageable ... Read more...
How Much Interest Are You Paying?
One of the biggest reasons I started paying extra on my student loans was because I realized how much money was going to interest. When I started paying off my student loans, my minimum payment was $350. About half of those initial payments were going to interest. That means $175 a month - or 10% of my take-home pay at that time - was being flushed down the toilet. Interest is the money you pay to the bank for letting them lend you money. ... Read more...
Less than $10,000 of student loans left!
Today I celebrate a happy day. Today my student loans are in the single digits! I used to read about people with $10,000 worth of student loans and get so jealous. Even now I almost can’t believe that in 11 months, I will be debt free. Even though I am getting closer to my goal, I’m still learning more about my relationship with money. I’m a perfectionist and it’s easy to get discouraged when you want your finances to be perfect. Even when I ... Read more...
One year later and a look back
About a year ago I started this blog to chronicle my attempt to pay off my student loans. In that year, I have paid off more than $10,000 worth of student loans. Let's take a look back! How have I done this? I moved from a one-bedroom apartment to a three-bedroom duplex. Savings: $359/per month I moved to the same city as my boyfriend and stopped driving 6 hours to visit him every weekend. Savings: $150 I started earning more at my ... Read more...