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| Suck it long, and suck it hard. |
I have officially hit three major milestones in my debt
repayment process. The first was that I have just passed my 2 year anniversary
for paying off my debt. It is really amazing to see how fast time flies by and
I am really excited to have a long blog record of all my progress! The second
major milestone that I have achieved is that I have officially paid off my
third creditor – Student Loans. I would just like to give a big “SUCK IT HARD!”
to student loans. Never in my life have I had to deal with a more inefficient
system, so it feels amazing that I will no longer have to make a payment to
them again!
My biggest accomplishment however, is that I have hit the
$30,000 mark in only two years! Not only did I manage to hit that mark, I blew
that son of a witch right out of the ball park. When I first did my
projections, I should only have paid off around $22,000 of my debt at this
point! Can you believe that I am now $8,000 ahead of schedule and if I can keep
this momentum going, I can be debt free by April! That means that I will have
officially paid off $37,810.51 in two and a half years! This is surpassing all
my wildest expectations.
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| $30,000! Holy $hit! |
Now I am on a brand new high. I have set realistic goals for myself, and then went above
and beyond what I ever imagined. On Wednesday, I made my very last payment of
$2,519.10 to my Student Loan, and to top it all off, I paid off the $949 I
racked up on my credit card from my shopping trip in Montreal and my trip back
home to Saskatoon. Where this new person with all this money came from, I don’t
know, but I do know that I have a lot to be proud of. Not only have I paid off
so much debt in such a short time, I have been able to maintain a healthy
savings account, take 4 trips home to Saskatoon, a trip to Las Vegas, a trip to
Halifax, a weekend getaway to Montreal, I purchased a couple thousand dollars
worth of clothing, bought presents, costumes, had parties, participated in book
clubs, and so many other wonderful things that most people would have never
thought I would be able to do while still staying on track.
I posted on Facebook how I had paid off $30,644.44 in two
years and I have never seen more traffic and more “likes” about anything I have
posted on my page ever! There are some people out there who don’t understand
how that it is even possible that I have been this successful so far, and I am
promising that from this point forward, I will try to share some practical tips
each week (or more frequently) about what I do to stay on budget.
There are a few things that I should state that are fairly
obvious ways to demonstrate why I have been so successful though:
- I have a great income for someone who just turned 30.
- I don’t have a car (or any of the associated expenses that come with owning one)
- I have a second job that also pays for my gym membership
- I have an amazing support network (seriously, I love my friends and family so much)
- My living expenses are inexpensive
- I gave up my consumer whore lifestyle
- My partner has helped me out every single step of the way
A few months ago, I wrote a blog entry where I questioned
exactly what it was that I wanted to get out of this process and where should I
start trying to get to financially and I was really stuck without any kind of
clear indication where I will go next. Now, when I start to think about the
what’s next part of my life, I keep thinking about where I can elevate my life
with my partner. Getting rid of this debt means a lot more than just me getting
less and less worried about the future, but it is opening my eyes to the kind
of future that we could have together. I am learning so many valuable lessons
and I hope to continue to share all these experiences with you so that you can
find your way out of debt and move on to living a happier life without debt.
Thanks for coming back and tuning in to my blog! The journey on the path that I am on is going to be complete very soon, and I hope that you’ll
continue to join me by spreading the word and converting my fellow
consumer-debt carrying citizens.
Until next time.
