#debt payoff

[bitchesgetriches]

The Real Story of How I Paid off My Mortgage Early in 4 Years

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[nospendtillbrooklyn]

An Update: Three Weeks in. And I am noticing some changes...

I meant to write this post last week. And maybe the week before that. But I have been so busy, the effort needed to write this post just did not exist. But I wanted to write one today because I think it’s important to keep holding myself accountable to this No Buy experience.

As the tagline says, I have noticed some changes. My budget is still not where I want it to be, but that it is mostly because I am still getting myself organized. It’s not a skill that comes naturally to me. And I am working really hard at taking extra income and placing it towards debt and building up my savings account. To my day to day wallet doesn’t feel much different. But my mindset sure does.

I have always been someone with a slightly disordered eating habit. I tend to really make some questionable choices, and go long stretches with out eating. This would result in me being absolutely starving at random hours during my work day, and would prompt me to stop somewhere to “Grab something to go.” Usually from a gas station or grocery store. But those little things add up. So one of the first things that went into my No Buy plan was to eliminate that extra spending. And I have three weeks in noticed myself not feeling tempted to stop, to plan more ahead and to live with what is available at home (even if it’s not exactly what I am craving in that moment.) This feels like such a win to me, to notice myself easily self correcting when temptation rises.

It’s happening else where too. I was in the pet store, a place where I would often over spend to ‘treat the dogs’ to some fun stuff, and I purchased the necessary pet food I needed and rolled out the door easy-breezy. The pet store I frequent is close to a Sierra Trading Post, a place I could easily drop $50 to $100 on a given trip. Mostly on things I didn’t really need. I walked right by it.

These little changes from an outside perspective seem so small to me. But when I think about the irresponsible spending I have engaged in in the past, I feel a tremendous sense of accomplishment. It’s working. I am shifting how I view spending and shopping, not as a hobby thing to fill a void of stress or boredom.

What I have purchased the last three weeks has been 100% required. I purchased some replacement parts for my weed whacker on Amazon. I bought some supplies to print and mount some photos for the fair show locally. And next week I am having a photo matted and framed and shipped for a gallery show at an arts festival. Over all the expenses out side of necessities have been things that are not typical (the last time I bought parts for the weed whacker was two years ago.) And I am pleased that I have multiple times come up against temptations to swing through a coffee drive thru, or browse a favorite store (because it’s never just browsing…) and been able to easily redirect my thought process.

For any one considering a No Buy, I would highly recommend it. Recognizing that no two No Buys will look alike, and setting up your personal No Buy might be different from mine. For example your No Buy might leave room for eating out, while mine doesn’t. Your No Buy might allow some types of clothing or metrics on when you can purchase clothing, where as even if something breaks (outside of hiking boots of which I only have one pair) I will just have to live with it until I have nothing that can fill the void. And in my case, I have plenty that can fill the void. Your No Buy doesn’t necessarily need to require you to declutter at the same time (Though I think it’s a really good exercise in “why do I have so much stuff??”) But even just 3 weeks in, I am consciously aware of my spending and finding making choices to align with the No Buy easier and easier. It is less and less of a “no you’re on a no buy” and more of a “we don’t need that.” And that feels like a powerful place to start really commanding my finances.

Next up? A break down of debt pay-offs.

[followthroughanddoit]

[vaultsixtynine]

paid a bunch of bills

[bobbiprintables]

Debt Payoff Tracker - Free Printable Digital Template

Download Here

[luciphe-r]

i have been seeing a lot of really cold takes on atsv and i will say, with the risk of siding with scorsese with whom i have beef over many things but this one, that the marvel cinematic universe has completely fucked the way people consume media to the point that no one knows what strong narrative looks and sounds like. everyone has been complaining that there is no emotional payoff similar to the what's up danger sequence in atsv and like??? of course there couldn't be one, not only there wasn't one, there could! not! be! one!!!!! aaaaaaaaa

[dicaeopolis]

oh i am feeling VERY broke rn but god i am free.

[finance-money]

5 Proven Strategies for Paying Off Student Loans Faster.

Paying off student loans can be a daunting task, but it doesn't have to be. With a little bit of planning and determination, you can pay off your loans faster and get out of debt sooner than you thought. Here are 5 proven strategies for paying off student loans:

Make extra payments: Every little bit helps when it comes to paying off your loans. Even if you can only afford to pay an extra $50 or $100 per month, it will make a big difference in the long run.

Refinance your loans: If you have a good credit score and a stable income, you may be able to refinance your loans at a lower interest rate. This can save you thousands of dollars in interest over the life of the loan.

Australia Giveaway: win an Iphone 13 submit your email here to participate in the giveaway.

Consider consolidation: Consolidating your loans can simplify the repayment process and lower your monthly payments. However, it's important to note that consolidation may also extend the life of your loan and increase the total amount of interest you pay.

Prioritize high-interest loans: If you have multiple loans, it's a good idea to focus on paying off the ones with the highest interest rates first. This will save you the most money in the long run.

Take advantage of loan forgiveness programs: Many loan forgiveness programs are available for certain groups of borrowers, such as those who work in public service or in certain fields. Research the loan forgiveness programs that are available to you and see if you qualify.

By following these strategies and making a plan to pay off your student loans, you can achieve your goal of becoming debt-free. Remember, it takes time and effort, but the result will be worth it in the end.

Australia Giveaway: win an Iphone 13. Submit your email here to participate the giveaway.

[bitchesgetriches]

I'm utilizing the snowball method and trying to determine which credit card balance to put the most money toward. I know I should choose the one with the highest interest, but when I looked at how much interest is being charged I noticed that one with a lower APR was charging more because my balance on that card is higher than the others. So should I put money there first, or am I missing something? I'm extremely math-averse and appreciate your insight. Thank you in advance!

We gotchu, boo!

You're actually stuck in some question between the Snowball and the Avalanche method. The Snowball recommends you start with the smallest balance, the Avalanche recommends you start with the highest interest rate. And we explain how to navigate the two in the link below.

BUT YOU, my child, have an entirely separate question. Should you start with a lower APR with a high balance because that's costing you the most in the short term?

And the answer is... you decide. If you're going for mathematical efficiency, then it sounds like you have your answer. And if you're going for what will give you the most peace of mind... it's about the same answer: start with the card with the highest balance. The trick is to pick what feels right to YOU, regardless of what will save the most money.

The Best Way To Pay off Credit Card Debt: From the Snowball To the Avalanche 

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[ipbbanking]

Feeling like your money's slipping away? Get control of your finances with these 10 practical budgeting tips! Learn how to track your spending, cut costs, and save for your goals. This video is for YOU whether you're new to budgeting or looking for ways to improve your current system.

[tacit-semantics]

Wait it’s back to back closing and opening shifts again not gonna lie folks. The woods are calling

[davidl2001]

How To Deal With Debt Going Into 2024

Photo by Tima Miroshnichenko: Not getting into debt is easier said than done for many people. Paying off debt is even more difficult because you don’t have enough money to pay for necessities and your debt. Being in debt can have a massive effect on your financial future and your mental health. However, there is some good news about this. There are many strategies that you can incorporate into…

[wealthbuilderr]

Debt-Free Dreams: Strategies for Debt Management and Elimination

The aspiration of leading a debt-free existence resonates with countless individuals. Being burdened with debt can limit financial freedom and hinder the pursuit of long-term goals.... See more

[timothy-kang]

Road to Rich-7 Keys of “I Will Teach You to Be Rich” from Ramit Sethi (vol.11)

1. How to avoid the card companies’ trap 2. You can pay off your debt. 3. Money is a tool. 4. Pay your debt off aggressively. 5. 30 percent of your credit score is based on how much debt you have. 6. Debt can affect you emotionally. 7. It’s time to make sacrifices to pay off your debts quickly. Otherwise, you’re costing yourself more and more every day.