I share my debt repayments with you guys monthly so you can see my progress. I also share so you can see what a debt payoff journey looks like in real time. Debt payoff sucks and as sexy as people make it sound sometimes, debt repayment is not a sprint. Sometimes it’s a &65$%* marathon!
If you aren’t a regular lurker in the pf community, it may seem weird for a total stranger to be sharing her finances with the world. I never claimed to be normal but I put real numbers out there because numbers are motivating. Numbers are real.
I have some good news to share. If you saw my video a few months ago, you would know that we’ve been paying the minimum on my student loans. We also hit a financial snafu I shared a recently and I wasn’t too proud about it. We should have been paying more but… we just hadn’t. Zach also got a new job which required moving (with pets!) so extra debt payments were funneled into those expenses.
Since then, we’ve gotten our shit together! Mainly because we don’t want to be in debt till we’re a 105 but that’s neither here nor there. I’m proud to say our emergency fund is almost COMPLETELY FUNDED to our goal amount of $10,000! This is several months of living expenses in case one of us loses our jobs. Our apartment is pretty expensive due to living in a techie area (or is it trekkie?) so while rent is cheap for the area, we still need some extra cash stored away just in case.
I’m excited though because this is how we’re going to break our paycheck to paycheck cycle! I can now start doing some riskier things with my business I wouldn’t have necessarily have done before, like make more videos here. And emergency funds are nice just because they’re nice.
Total Amount Paid In April
I’m happy to share but first, pull up a chair then hit play on the video up above. I’ll be sharing my total debt numbers, current payment strategy and talk about what we have planned for tackling some more next month. And if you’re feeling extra curious, feel free to ask me some questions in the comments below!
Plan Your Escape From Debt