My Journey to Becoming Debt Free

I am another step closer to being debt free. Since October 5th I have put $4800 towards my debt. The bulk of that has been since January. It feels so good to have paid that much so far! I keep asking myself, why didn’t I do this before? I have wanted to but it wasn’t until last summer that I really started taking getting out of debt seriously. I am super excited about this process and I can’t believe how far I’ve come in just a few months.

This is what I’ve paid off so far:

  1. iPad $114.95
  2. Personal Loan $2,077.39
  3. RBC Student Loan $1,690.68
  4. Plus min. payments

Total: $4828.42 – October 5, 2017 to June 28, 2018 (8 months, 23 days)


What’s left you might ask. Well here you go:

  1. National Student Loan $996.80
  2. Credit Card $4,915.68

Total $5912.48 – June 28 to December 28, 2018

So after paying student loans for 12 years, there will be NO MORE. HALLELUJAH! My last national student loan will be paid off by the end of August and the credit card will take me until about the end of December. Plus I will have the following saved/paid for by the end of the year:

  • Build an $1,000 emergency fund
  • renew passport
  • save for Christmas

And I’d love to pay off my car early as well! I owe just under $26,500. This would give me complete financial freedom! It will probably take me 2 years to pay off my car but it will be paid off 4 years early! That’s insane, but I am motivated to do so.

Since October I have put $3720.77 onto my car and that’s just a min. payment. But Once I have have my smaller debts done, I will crush this out as soon as I can.

I will keep you posted on how I am doing!


Posted by

Christ Follower / Photographer / Blogger / Adventurer / Annapolis Valley, Nova Scotia

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