Blogging Away Debt

They Paid off Their Debt, A-List Tips and a Few Articles

Yay for Friday! Last week I skipped my weekly links to interesting articles because I was taking a little break. I’m glad it’s Friday again because I have some exciting news from a blogging couple that I enjoyed reading so much. They paid off all of their debt!

Congrats to The Bizzaros!

The Bizarros are out of debt….But the beauty of it is, the mind-blowing amount of hard work that had propelled us to the surface also just kept on truckin’, and now we’re solidly in the black and heading to Australia for two weeks in May, using real, honest to God cash.

I don’t know about you, but I get teary-eyed reading that. Thank you Basil and Bianca for sharing your story!

Now for some other links.

Financial Literacy Month has a collection of tips from many personal finance bloggers. They included one of mine about simplifying my life by selling my bald eagle collection.

I’ve also written a few articles for the Prosper blog that have been published. I am a satisfied Prosper borrower and they hired me to write for them. Extra money is always a good thing 😉

How Much Money Could I Save by Using Prosper? – I went crazy with plugging the numbers and creating graphs again LOL.

How Low Can You Go? Playing Spending Limbo – When I really started thinking about our spending, I realized we’re playing a game of how low can you go.

Coming up this weekend, I plan on responding to a lot of your comments. I’ve been pretty busy this week so I haven’t been able to keep up as much as I’d like to. There’s also a lot to give updates on!

Our Minor Windfall

by Tricia

As you can see by our debt total at the left, our credit card debt now stands at $11,598. We received two payments that resulted in a $1,400 payment to our credit card. We received our tax refund, and my husband received some money for a piece of equipment that he sold.

I am so glad that we received our tax refund and the delay was not due to us having to pay some money last year. I have been a first-hand witness to someone’s account being seized by the IRS so I feared the worst when I saw our refund was delayed. The IRS won’t give you money back if they show that you still owe money. So I know that we are completely in the clear and all is well there. Whew.

The equipment my husband sold was a bit bittersweet. It’s nice to have the money, but in a way we no longer have that piece of equipment to sell in a pinch. It was one of the nicer things that we owned that we knew we could get a nice chunk of change for. After researching the going price on eBay, we decided to just sell it back to the company it was purchased from. As expected, it was a very simple process and we received the money as promised.

Our next windfall will be with the economic stimulus check that we should receive via direct deposit in May (here is a link to the payment schedule). Depending on where we stand in May, that payment should take us below the “five figure credit card” debt that we have had for so long.

We will be in four figure credit card debt range. Wow. We will really be on the home stretch.