www.beingmelody.com

That Minimum Payment is Keeping you in Debt Forever.

That Minimum Payment is Keeping you in Debt Forever.

One of the ways that credit cards and financing companies trick us into giving away more money than we intend is by using a tactic called “The Minimum Payment”. Simply put, the minimum payment is the lowest amount of money we can pay to keep our names in good standing with those who loaned us the money in the first place. The amount of money you pay towards a minimum payment will range based on the interest and the amount of money borrowed or financed with most payments starting as low as $15. When we buy something on credit, we…

View Post

Broke On Purpose September 2015 Pay Off and Goods News!

Broke On Purpose September 2015 Pay Off and Goods News!

I still can’t wrap my head around the fact that it’s October, and we’ve been doing this whole Broke on Purpose thing for seven months.  What I can wrap my head around is the fact that I don’t worry about my bills getting paid any more. I don’t worry if we’re going to have money left at the end of the month because I made a budget at the beginning of the month, and I told my money where to go. I like to think of it as me being the pimp and our money being the ho.. well you…

View Post

How Getting out of Debt is Helping me to Lose Weight

How Getting out of Debt is Helping me to Lose Weight

A couple of weeks ago I shared with you my results from one round of the 21 Day Fix. I’d dropped 6lbs and over 5 inches. After the 21 Day Fix was over I decided to continue doing the workouts, but instead of following the eating plan to letter I threw in a couple of cheat meals here and there. You know, because I’m human and all. Here we are 5 weeks later and the weight is still coming off and the inches melting away. I didn’t realize how far I’d come until I was browsing through some older photos…

View Post

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

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…

View Post

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

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…

View Post