April 2015 Debt Update

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I want to have my debt paid off by three years. I plan on doing that by making extra money with this website, selling t-shirts and selling items on eBay. Below is my April 2015 debt update.

Yep, it’s that time of the month. It’s the time where I update my debt repayment plan. If you’re new to my site, I give a monthly update on my debt. I started this journey with over $72,000 worth of debt. I want to have it paid off by October 2018. I plan on doing that by making extra money with this website, selling t-shirts and selling items on eBay. Below is the April 2015 debt update.

April 2015 Debt Update

My total debt went down from $71,953.81 to $71,718.63. It decreased by $235.18. That’s $5 less than last month. I know that May’s update will be much better. By then I will have had a couple paychecks from the part time gig. Most of that money will be going to the debt.

Loan 2 – Down from $5990 to $5980


CU Loan – Down from $451.49 to $441.38


Wells Fargo Loan – Down from $1451.14 to $1402.02


Discover Card – Down from $101.65 to $36.44


Bank of America Credit Card – Down from $3319.10 to $3282.42


Navient (Formerly Sallie Mae) – Down from $26,051.29 to $25,953.34


Nelnet – UP from $34,589.14 to $34,623.05

So far so good. The debt snowball system seems to be working pretty good for me. HERE is a post explaining what the debt snowball is. I was able to add some extra money to the Discover card this month. It’s a good chance that by the time you’re reading this that the Discover card will be paid off. I made a couple sales on eBay, but haven’t been paid for them yet. Hopefully that money will come through before this week is over.

Check out my previous debt repayment post below:

January 2015 Debt Update

February 2015 Debt Update

March  2015 Debt Update

You can view my other debt updates here.

How is your debt repayment going? Have you ever heard of the debt snowball method before?


  1. You always impress me with your graphs and all the details you put into your debt repayment plan. I would like to have all my student loans payed off in about 2.5 years but I really need to narrow my debt free date down to a month/year at least.

    I’m not using the snowball method but I’m considering it just for this month. It annoys me how my student loan balance is not decreasing as quickly as I like and I have some money from my tax refund that I’d like to put toward the balance but I just can’t make up my mind as to whether I should tackle my smallest loan (to make me feel better) or the largest one (the money I put on the largest loan will barely make a dent). Decisions, decisions.

    1. That is a tough decision. Choose wisely.

  2. With perseverance you will pay these debts off. I quite like the idea of eBay though. Keep it up!

  3. Inspiring Jason. I think it’s awesome that you are posting these monthly updates. I typically don’t like these types of posts but you are very transparent about it and I think are actually setting reasonable goals that readers can relate to (not I PAID OFF $50K IN 6 MONTHS!). Keep up the good work!

    1. Thanks. I’m not a fan of the I paid off $50k in blank amount of months either. People want to see results.

  4. I think it’s awesome seeing the progress you are making knocking down that debt. Just like you are reducing your debt snowball you should be thinking about creating a passive income snowball in the opposite direction via dividends. Thanks for sharing this inspiring post.

    1. Thank you. I need to look into investing.

  5. I think this is a wonderful way to reinforce your determination. We’ll all hold you accountable. Not really but I’m sure it makes a difference knowing that each month’s progress gets shared.

  6. Love seeing the progress! I know it isn’t moving as fast as you’;d like ti to, but it will! Your determination is truly inspiring!

  7. Congratulations, Jason. I hope you receive your eBay money and I’m looking forward to the progress you’re making this month.

  8. I know these figures seem small, but keep continuing getting the debt down. It is a snowball going down the mountain, every small bit you remove now, reduces a bigger portion later. Keep it up.

  9. Congrats on almost paying off discover card. That must be an AMAZING feeling. Glad to see you are making progress and following through on your goals.

    1. Thank you. It is a good feeling. I’m ready to pay off the next one!

  10. Keep up the great progress. I am certain with that with your resolve and planning you’ll reach your goal.

  11. Congratulations!

    Good on you for sharing such personal details in the hope that you might encourage someone. You have certainly encouraged me.

    You are driven and determined to get rid of your debt and you will.

  12. So by the time you post your May update there should be one less column, right? Discover card should disappear. That’s nice visible evidence of progress.

  13. You are SO brave, Jason! Tackling your debt, writing about it and getting the heck on with your life. I totally admire your determination. You go, Jason, and kill of that Discover debt!

  14. You’re going in the right direction Jason.

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