Debt payoff

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Changing Your Spending Mindset

If you haven't already figured it out, I'm a born spender.  The hardest part of my debt journey has been switching from a spending mindset to a saving mindset.  I go through phases of extreme frugality and occasionally end up splurging and spending $500 in a day on something I don't need.  I struggle with this every day and know its going to take time to fix.  So what can we as spenders do to change our mindset? Think of…

How To Fight Frugal Fatigue 

When frugal fatigue hits it can devastate even the most motivated of pdebt slayers.  I've been through this stage many times during my journey.  You're tired of being the one that always feels behind financially.  You feel like you're treading water and starting to drown.  It's a horrible feeling when you've been pushing for so long and progress just doesn't seem to come quickly enough. I'm facing my own frugal fatigue this month.  It's been one thing after another and…

Why It’s So Hard Talking About Debt 

Have you ever had a conversation with a friend or relative about debt that went completely wrong?  Or was just plain awkward?  I'm a huge proponent of being open about finances because I think it creates a learning experience for all involved.  I find that talking about my financial mistakes openly is beneficial for others as a learning experience.  I also enjoy others stories about how they've conquered debt or saved because it gives me hope and inspiration.  Reading financial…

How I Managed to Rack Up $17,000 In Credit Card Debt at 23

In previous posts, I mentioned that fun time period when I was 23 and managed to rack up $17,000 worth of credit card debt. I would love to say this is an intriguing story of a misguided youth trapped in a vicious cycle going down the wrong path.  It's more of a story about me acting like a complete entitled brat after college, but enjoyable nonetheless.  You have to admit, stupid money mistakes make people feel better when it wasn't them that…

Butting Heads With Your Family and Friends While Paying Off Debt 

I want to take a minute and talk about family and friend support while paying off debt.  When I started my debt free journey I didn’t expect it to be easy and I didn’t expect everyone to understand.  I did, however, expect my family and friends to be supportive, which they have not been at all.  It's a very strange feeling arguing with your family and friends about your personal financial situation.  I'm a true believer that you should respect…

Is Refinancing Student Loans A Good Idea?

After much consideration, I decided to refinance my student loans with a private lender last year. It's a big decision so I wanted to share some insight that may help you decide if you're considering doing the same.  Below I've listed some pro's and con's to refinancing with a private lender that you may find useful. Pro's You may be able to get a better interest rate.  You should shop around and get quotes from a few lenders to find out…

Mid-Month Budget Update

It's only the 19th of the month but so far I've paid off: $1,438 of Invisalign debt $1,700 of student loan debt For a total of  $3,138 in debt gone!!  I'm leaving the IRS debt alone right now while I try to fight it.  I'm wishing and praying I can get it resolved so I don't have to pay anything which could speed up my student loan payoff by almost 6 months.  I did have a little in savings I used…

Pursuing Minimalism

In anticipation of my downsizing move in two weeks, I decided to clean out my apartment and give some stuff to Goodwill.  My LORD, I got rid of so much crap!  I didn't realize how much stuff I've had for years, moving from apartment to apartment, that I never use.  I think of myself as somewhat of a minimalist anyway, but now I'm starting to see the benefits of only owning what you absolutely use and need.  I took a…