I started blogging about my debt journey in November. I was recently laid off from a job I loved, was swimming in debt, and felt completely overwhelmed. I had no doubt I would lose my home, my credit, and my good name.
But I guess that’s part of a journey. It can’t be all fun right?
I worked a tough job for a ‘big box store’ to pay the bills while applying for any decent job available. I finally landed a great job in December.
I’ve struggled with unexpected expenses – like a monthly $150 property tax hike and a 1% sales tax hike…
I’ve made lifestyle changes – the biggest one is my use of public transportation…
I’ve struggled with monotony…
And I paid off my car.
Here is where I am on my debt journey. Somehow, we’ve squeezed $10,000 toward our debt – $30,000 to go. Sure I’d like it to be more, but $10,000 isn’t a bad number.
I can’t wait to finish this journey and finally become…
DEBT FREE!!
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About This Site
My Debt
- Original Debt: $38,495.86
- Paid: $19,149.13
- Remaining: $19,346.73
- Broken Down
- Auto Loan 1: $0
- Credit Card: $0 Woo Hoo!
- Student Loan: $9,501.52
- Auto Loan 2: $9,845.21
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Posted: May 4th, 2009 at 9:32 am
$10K is nothing to sneeze at! That’s pretty impressive! But, I know that when you’re focusing on the final goal you can get impatient. At least I do. So, sometimes, you need to stop and look at how far you’ve come, and $10,000 is really great!
Btw, does CA give you a break on your car insurance if you take public transportation? Here in MA I can get $75 back from my car insurance if I show the insurance company proof that I’ve purchased 10 mass transit passes for the past 12 months. Also, I can get a low mileage discount on my premium.
Posted: May 4th, 2009 at 11:20 am
You’ve come a far way in a short time! Too many people float along with their debt mostly because they’re able to pay to maintain it (I know I’m still one of those people… but that’s changing). Remember you didn’t get yourself into debt at once so you’re not going to get out of debt quickly either.
Keep it up and you’ll be debt free before you know it.
Posted: May 4th, 2009 at 4:27 pm
Congrats Bek you have achieved what others cannot – 1/3 of the way. Once you start the journey you will find that it becomes easier and faster to get to the end. Start planning for what you will do when you get to that point.
Posted: May 4th, 2009 at 9:45 pm
I caught your blog during a search today on how to get motivated to get debt free. I know HOW to do it, but I just lack the motivation. I LOVED your idea of setting up a blog as a way of documenting the process, so I set up my own called Reigning Money. It’s a very cathartic experience to lay it all out there like that. Thanks!
Posted: May 4th, 2009 at 10:24 pm
Congrats Bek you have achieved what others cannot – 1/3 of the way
1/4 of the way, I’m pretty sure.
Rachel, a lot of the same techniques that work for weight loss work for paying down debt. Telling people about your goals is a big one, since social pressure is a huge motivator.
Posted: May 11th, 2009 at 3:19 pm
I’m with you! I’m a single dad, just hit $14,000 (20%) of my debt paid off, and it feels good, but it does feel like I have an incredibly long road ahead. We are on the right road, and it takes time, but we will ge there. Congrats, good luck and keep up the good work!