Tag Archives: living at home

I’M DEBT FREE! Goodbye from The Debt Breakup

Folks, this week I made my FINAL debt repayment! On Wednesday I transferred the final $460.00 to my personal loan.

For those of you familiar with the Dave Ramsay show, here’s my blog version of a debt free scream:

 

I’M DEBT FREEEEEEEEEEEEEEEE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

All balances are at $0.00 – I no longer owe banking institutions anything. My next pay check will be mine, ALL MINE. So, for one final time, lets review my debt stats:

 Starting debt – March 2014

Credit card #1 – $2377.12

Credit Card #2 – $5000.00

Personal loan –  $7397.00

Total debt: $14,774.12

June 2014

Credit card #1 – $0.00

Credit card #2 – $0.00

Personal loan: $0.00

Total debt repaid: $14,774.12 (BOOM!!!)

My journey to Debt Freedom has taken approximately 15 months. I only wish I’d started earlier. If you are reading this blog because you are thinking about getting out of debt, don’t delay – start RIGHT NOW.

A huge THANK YOU to all my fellow debt bloggers for encouraging me along the way. There are so many fantastic PF blogs out there. The days I felt discouraged or ready to give up, I’d just spend time reading over other debt smashing blogs for inspiration!

So this is goodbye and good luck from The Debt Breakup. My next financial journey will be saving for a backpacking adventure through Central America at the end of 2014. I’ve got a steep savings goal to meet by the end of December!

You can follow my progress at www.4000sundays.com – my blog about travel, minimalism and making the most of every day!

Remember – Debt free is SET free. Never give up the war on debt!

Over and out 😉

Elesha – The Debt Breakup

 

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Challenge – The Gift of Change (Start Date, 7th April – End Date, 31st October)

I really enjoy giving gifts. As they say, to give is better than to receive.

Living  back at home with my folks has been a huge gift to me financially. It has afforded me the opportunity to really tackle this debt head on by dramatically reducing my living / lifestyle costs. I pay $140 a fortnight to my parents for board, which basically covers food. I have asked them to let me (yes, I had to ask because they were happy for me not to) to chip in on electricity costs to the value (approx $170 – $200) of what I used to pay per quarter when I lived alone. Compared to what I spent on rent alone when I lived out of home, these costs are soooo minimal!

My folks don’t actually know the total amount of my debt. They know I am on a debt smashing mission and I plan to tell them the total amount at the end of October when I am DEBT FREE!!

I also want to give them a gift, to say thank you for the opportunity to pay off my debt and change my life. I know that is what a lot of parents would do, let their kids come back home, but I know not everyone would have this option. There is no way I could be debt free by October without living back at home. And I am very grateful.

I am starting my Gift of Change Challenge. I have a jar. Every $2 coin and $5 note I receive from now on is going into my Gift Jar.

I don’t know why I chose $2 and $5 notes. I just did. I don’t know how much will be there at the end. But it will go towards the Thank You gift I want to give my folks.

I’ll also give an update each week on how my Gift Jar funds are progressing!

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