Debt | Life | Motivation

Debt Repayment Plan Redux

This post may contain affiliate links. Feel free to view my disclosure here.

It took a while but things are starting to get back on track. I started my new full-time gig this week. I will finally be able to start my debt repayment plan again. Here is my original post on The Debt Snowball Method.

That is the method that I plan on using to pay my debt off with. Dave Ramsey who is the author of the book “The Total Money Makeover” actually has 7 baby steps that help you get to financial freedom.  The baby steps are listed in the image below.


Before I start my plan I am going to save between $500-$1000 in my emergency fund. With 2 jobs and online income coming in, I should be able to get that done before January.

Once I have that amount saved I will start the snowball method. I don’t spend too much money anyway so I should see a difference in the debt balances sooner than later. In my post titled “Debt & Life Balance,” I stated that I was going to use principles from Dave Ramsey and also T. Harv Eker who is the author of “Secrets of the Millionaire Mind“. I still plan to do that. I will give up a lot of things but traveling is not one. Honestly, I still will take a trip every once in a while. I just have to make sure that I continue to make enough money to do both. It will happen.

Something that I will be doing differently this time around is that I will be making payments on all debts, even my fed loans which are in deferment. I have to put something on those loans to keep the interest down. Not paying on loans that were deferred or in forbearance is part of the reason that I’m in this predicament now.

My new start date for the snowball method is January. I also have adjusted the date that I want to have the debt paid off on October 17th, 2018. That will be my 35th birthday. In late December I will have a post documenting all the debts and the amounts. I’m looking forward to eliminating this debt once and for all.

Have you paid off a large sum of debt? How long did you do it? What sacrifices did you make?

Check Out These Debt Posts

6 Things You Can Do to Attack Your Student Loan Debt

Reasons Why I’m Paying Off Debt

10 Ways to Have Fun While in Debt

How I Raised My Credit Score By 168 Points

Resources That I Recommend

Below are my top recommendations that will help your blog, business and finances grow.

Bluehost – I recommend starting your blog with Bluehost. My site has been hosted with them for nearly 5 years. You can get your hosting for as little as $3.95 per month.

Stockpile – If you are a looking to get into the stock market game but don’t have much money to invest, check out Stockpile. Stockpile has hundreds of stocks to choose from. With this my affiliate link, all new users get $5 to put towards a new stock purchase.

Tailwind – Tailwind has helped my Pinterest account skyrocket in views. Last year at this time, my Pinterest account was only getting 30,000 views. Now it’s over 120,000 and growing. Tailwind has helped me grow it. Get a free month’s trial when you click my link.

Credit Sesame – Credit Sesame is a site that I use when I want to check my credit. I can see more scores and other recommendations that can help my credit in the long run.


Make sure you follow my journey by subscribing below!

Email Address 

Follow Me


  1. I am so amazed and impressed with your resolve Jason! You really will go far in life with the determination that you continue to exhibit. Kudos and big high 5!

  2. It’s great that you’re taking strides to be debt free. I haven’t paid off a huge sum of debt. I did pay off my car recently but my student loans are still lingering. I’m cutting my cable and going to sell off some of my items to pour some funds into the loans. It’s good that you still plan on traveling every now and again. I tend to go a little stir crazy if I don’t take a trip so I’m sure you feel the same. It’s nice to get out any enjoy life.

  3. I’m the same way. I have to travel every now and then. It helps me to get refocused from time to time. I had my cable company lower my plan. I sell items on eBay monthly. I believe that you will do well.

  4. We are alike in this respect Jason. I loathe being in debt and do all I can to stay away from it….or pay it off almost as soon as I have it. I think it is the only way to live unless you have a billion dollars laying around 🙂

    1. It is the only way to live. I can’t do as much traveling as I want to with all this debt.

  5. You’ve made so much progress. My sister could use these tips 😉

  6. Good luck to you Jason. I know you will reach your goal by October 2018. With determination like yours, you just can’t fail.

  7. Good luck with your new job. If you give it the same amount of thought and preparation you are applying to your debt, I’m sure you will be successful.

  8. Paying off debt is such a big step. Unfortunately not too many people do it, they keep pilling it up. Great post and great tips.

  9. I wish that you will get rid of debt. The way you are planning and careful I am sure that you will do it. All the best.

  10. It sounds like you have a solid plan in place. I think it is a good idea to build up a small emergency fund before tackling a concentrated debt re-payment. Without that, there’s a good chance of just building more debt. Good luck.

  11. Paying your debt and become debt free is a brilliant decision. I congratulate you for your plan in repaying your debt. I know you will go far because of your determination.

Leave a Reply

Your email address will not be published. Required fields are marked *