There are so many inspiring bloggers that have done some incredible things to get out of debt. Carrie recently talked about her experience living the bare minimum to pay her’s off. FB at Fabulously Broke worked her way out of $60,000 debt on a $65,000 salary. SS4BC each month pays 38% of her paycheck. Krystal paid $17,000 debt in 10 months. Debt Ninja pays over $1300 towards his debt. Now granted each of them have different salaries and different living expenses, but I surely I can afford to get a little more intense with mine.
What would it look like if I pay just $100 more each month?
Currently I pay $600 a month, which is still a lot of money for me. But $700 towards debt? That would be hard work! And pretty freaking awesome! If I start in November, then it will be an even six payments of $700 and I would be one month closer to becoming debt-free. *dreamy sigh* I think I could definitely handle $700 in January, but with November and December’s holiday expenses, that may make things a bit tight. It’s not a huge sacrifice to add more to savings because if I need the money, it’s still within reach. But paying off more debt is a bit riskier because once the check is sent, it’s gone forever!
I’m going to do it. I’m going to pay $700 towards my debt starting next month.
April 2010… here I come!!!