Sarah’s Spending Fast Update: Getting Back in the Fight

Hey, guys! What’s going on? When we last spoke, I told you how I felt like I got hit hard. I said it was like a punch to the face but maybe a “knee to the groin” is a more accurate description. Regardless, I’m still here.

While knocked out and waiting for the referee to count me out, I realized I was faced with two choices. I could lie there and let my debt opponent win. It’s easier, right? Or, I could stand back up and fight. I chose the latter. I made it this far and I wasn’t gonna let this be the end of my story.

So, what did I do? How did I find the strength to keep going when I already had failed?

I spent several hours rereading our coach’s (Anna) first year on the Spending Fast. I highly recommend it. I felt so discouraged but seeing how she struggled and kept going gave me the drive to push myself forward. I found myself, once again, cheering her on as she consistently made tough choices to get the result she wanted. She had developed self-discipline and that inspired me.

I learned to extend myself some grace and just to take it one day at a time. I knew I eventually would gain the momentum again and then I would be unstoppable. It reminds me of one of my favorite quotes from Teddy Roosevelt, “Nothing in the world is worth having or worth doing unless it means effort, pain, difficulty…I have never in my life envied a human being who led an easy life. I have envied a great many people who led difficult lives and led them well.”

Okay, now that I’m all re-inspired, let’s see what the damage is:

  • Credit Cards/Personal: $498.21 (down from $4,998.93) – Almost there!
  • Medical: $2,563.45 (down from $4,521.62)
  • Student Loans: $24,875.41 (down from $26,000.56)

That’s $1,286.29. Holy buckets. That’s what happens when you tighten your belt and refuse to give in. Now is when I enter a few months of, let’s call it “financial creativity.” Ah, the joys of seasonal work. So, I’m honestly not sure what the next few months will look like. I do know we’re gonna fight dirty and destroy this debt. If Anna can do it, I can do it. And if I can do it, you definitely can do it. :)

 

To see all of Sarah’s Spending Fast journey posts click on her name at the top of the post, and to follow all of the Spending Fasters click here.

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2 thoughts on “Sarah’s Spending Fast Update: Getting Back in the Fight

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  1. Mrs. Picky Pincher

    Woohooo!!! I love seeing those debts go down! Once those credit cards are eliminated it’ll be much easier to start overpaying on your other loans as well. We did the debt snowball to eliminate credit card debt first and it was awesome! We’re on our $60,000 student loans right now.

    What’s important is to track your progress and celebrate those little victories. Every dollar counts. :)

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