Personal Finance

June 2019 Debt Payoff Update

Hey loves! Can you believe that I started my debt free journey a little over 6 months ago?
I have to say… I’m super proud of myself for sticking to my budget and paying down my debt. It feels great to know that I’m that much closer to achieving financial freedom! Now I won’t sit here and pretend that the last six months or so have been a cake walk. In fact, I can admit that I hit a few bumps in the road. But I’ve come such a long way! I wanted to do something fun and share my June 2019 financial update with you guys…

My June 2019 Financial Snapshot 

  • Total Debt to Start: $43, 292.43
  • Total Debt Paid Off: $13,958.68
  • Total Balances Paid Off: 2 
  • Grade: C 

What worked

Having a budget prepared for the month ahead has worked wonders for me. I try going in knowing all of my happenings for the month so that I can plan accordingly. If certain things don’t fit within my budget… I cut them out plain and simple. I’ve been using the debt snowball method to pay off my balances as I’ve explained in my post – How  to Slay Your Debt in 5 Easy Steps. I really enjoy this method and will continue to utilize it moving forward. 

What can be improved

Ok the only issue that I have with the debt snowball method is that all the other balances that I’m only paying the minimums on have made little to no impact. There’s one reason for this… INTEREST. It’s been extremely frustrating! To combat this, I’ve been considering transferring those balances to a no interest card and giving myself 12 months to pay them off and really tackle that principle balance. Honestly, I don’t want to transfer these balances until I can really focus on paying them down. However, I will keep you guys updated on what I decide to do! 

My Thoughts 

Ok so, full transparency – I did have some missteps. Hence the C I gave myself. I neglected to unlink my credit cards to my Amazon account and let’s just say that the temptation was too real!  As a result, I ended up cutting up two of my credit cards! Honestly, I don’t even miss them but I did use them a few times (Damn you Amazon!). 

Other than that, I think I’ve done pretty good all things considered. Since March I had two trips that I had to take so that took away from the money I could’ve saved or used to pay down my balances. On average, I’ve been able to send out well over $2k per month to knock my balances down. I am confident that I can get it close to $3k a month… but with summer upon us I don’t know how easy that will be! 

I will say that I haven’t cut back in areas that most people probably would. I do still get my hair and nails done, and kept my wax appointments (Hey a girl has got to live). Truth be told, I don’t believe in the super strict budget. It just doesn’t work for me and life is way too short! However, I’m ok with doing so for a few months if absolutely necessary. My point here is that I am able to really put a dent in my debt without completely denying myself. I know that’s one of the reasons many people avoid budgets and things. 

Stay Tuned

I’ve done a few things to cut my monthly expenses and make some extra money. Please stay tuned because I’ll be sharing that in a later blog post. How’s your debt free journey going? Let me know in the comments below! 


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  • Reply
    June 20, 2019 at 3:36 pm

    I love reading these! I’m a budget snob in theory… meaning I budget EVERYTHING but often dont stick within said budget 😫 but iver the last few months I started “no spend” months. If it doesn’t fit within my set budget, sorry but it had to go. I was blown away with how much I was able to save by eliminating unnecessary sh*t. I went from spending upwards of 4k a month (mostly unecessarily) to saving almost 2k a month that I didnt even realize I COULD save. Also, love the snowball method 🙌 great work girl!

    • Reply
      Monique Elise
      June 24, 2019 at 4:21 pm

      Isn’t it so empowering once you realize what you can REALLY do when you’re mindful with your money?! So glad that you’re taking control, I know it’s not always easy – especially with summer upon us!! Thanks for stopping by love xoxo

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