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What a Difference a Year Made

April 11th, 2014 at 05:32 am

Every now and then I am bummed I can't make super high payments to debt. I have become obsessed with paying off my car. And seriously considering what I can do for a side hustle that will ensure I bring in at least $1000 every month. If I could make that happen I could ensure that I am able to pay my bills without depleting my monthly bill fund while underemployed.

I decided that I should look back and see where I was before I buried my self in my debt sorrows.

At this point last year I had:

Income
1 contract job slated to end soon and a part-time position that paid nearly minimum wage

Revolving Credit Card Debt
476 10.24%
1470 19.8%

Car Loan
7779 10%

Student Loans
19513

Emer Fund
413

Monthly Goals Fund
Half a month worth

Retirement
614


Now:
Income
Same

Revolving Credit Card Debt
None

Car Loan
2,400 10%

Student Loans
18147

Emer Fund
3036

Montly Goals Fund
4 months worth

Retirement
2483


Debt

A year ago: 29238

Now: 20547

Difference: -8691

I have come a long way since last year. I need to be proud. I need to remind myself that I am doing all that I can. And seeking additional income is a fine way to make sure that I am still able to do so. Since I still have my part time job closing that gap is all the less difficult. I am both frightened and excited for the future. It is so full of possibility and opportunities abound. If I am even half as successful at adding extra income as I have been at eliminated debt in the past year it would be a blessing.

Nothing about this has been easy but if it were everyone would be doing it right? Wink

Posted in Credit Cards, Debt, Personal Finance, Saving Money, Car | 7 Comments »

7 Responses to “What a Difference a Year Made”

  1. Shiela Says:
    April 11th, 2014 at 06:21 am 1397197266
    1397197266

    You are doing well indeed and you should be very proud. Great job.

  2. creditcardfree Says:
    April 11th, 2014 at 11:57 am 1397217421
    1397217421

    You should be very proud! You are working in the right direction. Keep up the great work!!

  3. Rachael777 Says:
    April 11th, 2014 at 12:43 pm 1397220201
    1397220201

    Looking at your progress is astounding!! pat yourself on the back and keep doing what you are doing. it is working. ((hugs)). Wow

  4. Rachael777 Says:
    April 11th, 2014 at 12:44 pm 1397220259
    1397220259

    and I am going to do the same comparision when I hit a year on SA!

  5. Joan.of.the.Arch Says:
    April 11th, 2014 at 12:50 pm 1397220612
    1397220612

    Stay on the path and you will arrive!

  6. MonkeyMama Says:
    April 11th, 2014 at 01:09 pm 1397221797
    1397221797

    Good Job!!

  7. Kiki Says:
    April 11th, 2014 at 05:58 pm 1397239088
    1397239088

    Nicely done!

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