October 2015 Debt Payoff Report

Broke on Purpose October Quote

I’m a little late posting this October Debt Payoff Report, but I definitely had to share because last month my husband and I hit a milestone within our debt payoff journey.  This would be a lot more exciting if we were saving up the money instead of paying off debt, but we’ve finally hit the $20K mark. Actually, we’re over the $20K mark as since we started Broke on Purpose 8 months ago we’ve paid off a whopping $22, 192! That’s right that’s $22K worth of debt gone! It’s so refreshing to have that weight of debt off our backs. When I wake up in the morning I’m no longer worrying about what bill is due or even if we’ll have enough money to cover us for the month. I don’t worry about these things because we have a written budget and we working on Debt Snowball with Gazelle Intensity.

Now that we no longer have Car Payments or Credit Cards we are super focused on knocking out a huge portion of our Student Loan debt before I finish my Ph.D. and my last two deferred loans kick in. We’re hoping to pay off at least $34k more before I graduate so *in my Rick Ross voice* “Everyday I’m hustlin” to make as much as possible to get rid of it quick

This month we were able to pay off $3519 in debt bringing our remaining balance for this Student Loan to be $13,315.00. We’re still keeping hope alive that we will have this paid in full by January 1st 2016, as I want to go into the new year with as little debt as possible.

Being Melody's October 2015 Broke on Purpose Payoff A,mount

Have you started your Broke on Purpose Journey? Do you want to learn more about what inspired me to live Broke on Purpose and how you can get started? Be sure to check out the Broke on Purpose Ebook!

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