How do people do it? I found Blonde on a Budget’s blog after seeing an article on how she paid off her $30,000 debt in two years. I thought to myself… hey, I have almost the same amount of debt that she has – I can do this! BUT ITS HARD!!
I started reading PF blogs since I graduated college and have been obsessed reading about debt repayment, budgets, savings etc. I tried to make my own and sometimes to the point where I start obsessing about it daily – entering each and every expense in cash or credit into my spreadsheet and I realize that whenever I have an ‘out-of-control-I-deserve-this-purchase’ purchase… I get scared looking at my spreadsheet for weeks, sometimes even months. Then try to readjust and go back to square one… it’s a vicious cycle.
I am writing this because I am back at square one and want to be more serious on tackling this debt. After taking a peek at my spreadsheet and just had an anxiety attack since I realized I only paid off $3,800 where I started (July 2013) at $27,000. I ONLY PAID OFF $3800? Reedonkulous! Now a full calendar cycle has gone by again and here I am trying to get back on paying off ALL my debt completely.
How am I going to start?
This week, I just want to be able to spend $100 (cash) for ALL expenses until Sunday 6/1. Then I will redraft my budget for the first week of June and budget in another chunk of cash for my MISC expenses.
What are you guys doing right now to pay off debt?
Awww! Don't be too disappointed. Just try not to compare other people's financial accomplishments with yours, when it comes to paying off debt. There are other factors to consider other than the financial goal you're trying to achieve, and that shouldn't discourage you. Just try to get into the bottom of you're doing differently, and focus on working on that. Thanks for sharing that! All the best! :)
ReplyDeleteTracy Frazier @ Sunnen Law