• About
    • Penny
    • Hank
    • Juju
  • Contact
  • How To Start A Blog
  • Make Money Blogging
    • How To Make $40K Your First Year Blogging
    • Making Sense Of Affiliate Marketing
    • How To Monetize A Food Blog
    • Food Blogger Pro
  • Blogging Tips
    • Blogging Resources
    • Recommended Blogging Tools
    • Blogging Tips
      • More Quick Blogging Tips
    • How To Increase Blog Traffic
      • SEO For Health Blogging
      • External SEO Tips
      • On Site SEO Tips
    • Blogging Action Plan
      • Deciding Why You Blog
      • Types of Health Blogs
      • Important WordPress Settings
      • Blog Security
      • WordPress Plugins
      • WordPress Themes
  • Shop
    • Planner Favorites
    • Fitness Favorites
    • Kitchen Tools
    • Blogging Books

A Merry Life

Healthy Living & Budgeting Blog | Health, Wealth & Everything Else

  • Budgeting
  • Finances
  • Fitness
  • Food
  • Family Life
  • YouTube

Debt Snowball Update – February 2019

March 14, 2019 by Mary

This post may contain affiliate links. Please read my disclosure for details.

Several months ago in November 2018, I decided to take control of a situation and pay off some debt that had been lingering around for far too long. I decided to pay off the debt and give my whole family the freedom from debt that we deserve.

Debt Snowball Total

Here’s how the debt snowball started in November 2018.

Loan 1: $1,043.99
Loan 2: $5,400.05
Loan 3: $5,792.96
Loan 4: $31,129.13

Total debt: $43,366.13

Debt Snowball Progress

Since I started paying off the debt I’ve made some major progress! My January 2019 Debt Update showed how the debt was down to $35,423.73.

I was happy with that progress but knew I wanted to have a big month in February with lots of side income coming in from this blog and my youtube channel. I’m realizing that earning extra income is key to paying off the debt faster without as much heartache.

February was the month of making extra payments! Any time I got any extra money I threw it straight toward the debt. I made so many extra small snowflake payments that I found out there is a max number of payments allowed monthly.

Thank goodness for all that extra income and the ability to send it directly toward the debt after taxes! I know I’m blessed that people online view any of my content or trust me enough to use my affiliate links. I don’t take that for granted and I’m so grateful I’m able to share my life and the things I love in order to earn income. It’s truly remarkable.

At the end of February 2019 the debt total is now at $32,167.77!

That’s amazing progress for the shortest month of the year! We reduced the debt by over THREE THOUSAND DOLLARS!

Debt Snowball Thoughts

It feels amazing to have paid off such a big chunk of debt since we started attacking these loans – $11,198.36.

I try not to think too much about what that money could have otherwise bought because it’s too easy to think I could have already bought an used car with that amount. But alas, I committed to paying this debt off and that is what I’m going to do! One thing I want to be is someone who follows through with commitments, even when it isn’t fun.

February was a great month for debt repayment. Over $3k toward the debt was a fantastic amount for us and not likely something we will be able to repeat every month. However I’m going to keep trying to have as many big debt repayment months as possible!

I’m continually grateful during this debt repayment journey. I’m grateful for a steady and decent paying job with no fear of imminent layoff. I’m grateful for my husband who is supportive in this journey and helping cut costs where we can. I’m grateful for the friends online who are so supportive. It’s hard not to feel grateful for the people helping on such an undertaking.

Getting Out Of Debt might not always be fun, but it’s going to be worth it.

Share this:
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Pin on Pinterest
Pinterest
Share on Tumblr
Tumblr
Print this page
Print
Email this to someone
email

Filed Under: Budget Life Tagged With: debt, loans, money, personal finance, YouTube


« How to Stop Impulse Buying
April 2019 Budget & Sinking Funds »
mary Welcome to my journey to improve my health, wealth, and everything in-between!
Join me as I learn and share helpful tips and tricks I find along the way.
  • Bloglovin
  • Instagram
  • Pinterest
  • RSS
  • YouTube
Ebates Coupons and Cash Back

Popular Posts

weight loss gift ideas healthy chocolate protein pancake recipe how to start a blog how to make money blogging

Search

Recent Posts

  • Whole30 Reflections 1 Year Later + Recipes I’m Loving
  • 10 Reasons To Get Out Of Debt
  • July 2019 Online Income Report
  • Should You Go on Vacation While Paying Off Debt?
  • How Much YouTube Paid Me For 2 Million Views

Top Posts & Pages

  • Apartment Essentials For Single Ladies
  • 50 Fitness Motivation Quotes For Your Motivation Board
  • Diet Tips For People With Kidney Stones
  • Healthy Eating Challenge Snack Ideas
  • DIY White Painted Dresser
  • Weight Loss Motivation Quotes
  • Advocare 24 Day Challenge Healthy Recipe Ideas
  • Kale & Mozzarella Chicken Burgers (Burgers by AmyLu) Review
  • What Is A Good Body Fat Percentage?
  • What I Learned From Playing Volleyball

Categories

Disclosure!

Note: Affiliate links may pop up on the site when I'm recommending something. They are free for you to use, but they help support me by giving me a small commission of any sales. It's like leaving a tip for good service while buying something you'd purchase anyway. Thank you for supporting A Merry Life!

Copyright © 2021 · A Merry Life - Healthy Living & Weight Loss Blog. Tasteful Theme by Restored 316 Designs

A Merry Life (amerrylife.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com.

This site uses cookies to give you the best experience on the website. By continuing to use this website, you agree to their use. OkPrivacy policy