We Have Paid Off $154,500 Worth of Debt So Far

Oh my goodness, guys. I am beyond excited to say we have officially paid off $154,500 worth of debt since November 2016.

Right now we are chipping away at our mortgage. We are also toying with the idea of increasing our emergency fund. This is hard for me to do though, because every bit of extra income I like to throw at our mortgage!

Did you know that 8 out of 10 Americans live paycheck to paycheck? This used to be us! We thought it was perfectly normal for us to live this way, and by the grace of God we did not fall into some sort of major life calamity without the protection an emergency fund brings.

$70,000 of the $154,500 was paid off when we sold our previous home. It has been really hard at times to keep chipping away at our debt when I want to spend our money on something else. I’m really determined to not spend much on depreciating items right now though. I’ve done that for too much of my life.

Charts, graphs, and even paper chains have helped to keep me accountable. I’ve started an Instagram account for accountability purposes, too.

So how do you get started paying off a large amount of debt? I recommend putting one foot in front of the other, and taking things one day at a time. Look for motivation by following others who are on the same journey as yourself.

Paying off your debt is so worth it, y’all. Each dollar you pay back increases your net worth. Each dollar you pay back is changing your family tree. You can do it!

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