May 2015 Broke on Purpose Wrap up and June 2015 Goals.

  May was an interesting month when it came to our finances. The current debt that we are on as far as our Debt Snowball goes is our Upromise Credit Card which held a balance of $4188. Here’s the breakdown of how we planned to attack it: Minimum Payment: $78 Debt Snowball Payment: $472 Add’l Payment Goal: $1000 We started the month off on the right foot by creating our budget and committing to following it. Things were going great until my husband had a run-in with a deer on his way home from a friends house one night. This…

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How I Paid off Over $7K in Debt in 2 months with the Debt SnowBall Attack Plan

*Update* Since this post we’ve paid off the entire $13K in just Five Months. Keep reading below to find out our process. To read bout more of our success at paying off debt click  here*   If your significant other, sibling, parents, or best friend told you that they had $13K in debt and that they were planning to pay it off in 4 months would you believe that they could do it?  Now, imagine this is you telling them the same thing, do you believe that you can do it? It is easier to walk into debt than it…

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Broke on Purpose: May Goals and New Planner and Free Printables

I honestly can’t believe it’s already May! When I look back I wish I would have started being Broke on Purpose back in January, but these past two months have been great momentum wise and we’re hoping to keep it up (to read how this journey started head here). To date, the Wright Household has paid off a whopping $7303.05 of debt and it feels absolutely amazing. This includes four credit cards and a car note. Another great thing about this whole thing is that while my debt is going down my credit score is going up! On March 25th…

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Broke on Purpose: April 2015 Wrap Up.

April is officially over (basically) and I have $69 left in my bank account, but this month has been amazing! We have paid off $4750.07 in debt well exceeding what we’d originally planned to do.  Now I fully understand exactly what Dave Ramsey means when he tells callers not to get overwhelmed with the time it may take to pay off a debt. On paper, it may tell you one thing, but when you become Gazelle Intense and get mad at your debt things will start to happen that will change the end date on that paper entirely. At the…

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Broke On Purpose: You’ll Make It Work!

  I remember when I was a new college graduate and I’d just landed my first job at Charles River Laboratories in Maryland. I was so excited about the new opportunity, but I was also scared out of my mind. I was reluctant to take the job because I would only be making $14.25 per hour. This equated to about $2280 a month before taxes and only $1610 after taxes. After sitting down and doing the math, I realized that after paying my rent, utilities, and other bills I would only be left with $100 each month. As a 21-year-old,…

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