Jenn’s Spending Fast Update – Months 3 + 4

spending fast update andthenwesaved.comBelow is Jenn’s Spending Fast progress report/update. Follow all the Spending Faster’s here. – Anna


Spending Fast Update: Months 3 and 4

Guys!! I am happy to report I have finally made some progress! This update is combining the last two months. For month 3, I was able to pay $200 on my debt, which wasn’t a wow amount, but it was something nonetheless. Month 4 I was able to pay $1,000 on my debt, taking the balance of one of my two cards down to $425! I am so close to getting this one card paid off that it feels like I can see the light at the end of the tunnel. The 1,000 consisted of a $500 tax refund and $500 saved from my paycheck.

There have been some changes in my household also. My roommate and friend Tina, was offered a new job as a traveling nurse to Washington DC for three months! I am excited and happy for her as she starts this new journey. Also, my boyfriend and I have decided to move in together. He has been here a month already but officially moves his stuff in this week. I am excited for the changes in my life. I will miss Tina and can’t wait till my friend comes home to tell me all about her adventures.

My total credit card debt left is 3,358.04. I plan to pay off the $425 by the end of March. And then my goal is $500 a month to my last card until it’s gone, which should last six months. That puts me at the end of September to be finished with my credit card debt. Then I will move onto my car loan.

It feels good to have this plan in place and to know that I will be done with this before 2016 hits us. It makes me feel like I can hold off on my Wants for now because I can see the pay off at the end. I can picture myself being able to actually save money, and also being able to finally travel if I so choose. I can see myself being able to purchase something that I actually want — something that will add value in my life, and I will be able to do so guilt free. I am looking forward to freedom more than anything.


Here are my Spending Fast Stats:
Spending Fast Start Date: October 9, 2014
Month One: November 2014 – Derailment in SF: $0 saved
Month Two: December 2014 – $400 saved into savings account
Months Three and Four: January/February: $1,200 towards credit card
Total Saved Since Starting the Spending Fast: $1,600


What about you? What would you do if your debt wasn’t holding you back?

P.S. Ready to get out of debt ASAP? Check out the Spending Fast Bootcamp!


7 thoughts on “Jenn’s Spending Fast Update – Months 3 + 4

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  1. Mrs. Frugalwoods

    Awesome progress! Congrats to you for staying the course and getting that debt paid down :).

    Also, that’s exciting that you and your boyfriend are moving in together–I hope you have many wonderful memories together :). My husband and I have so many great stories from the first year we lived together–it’s just such a fun time!

  2. Audrey

    I dream of buying a tiny home or a camper and living small. Being debt free will help me do that. But also doing that would help me be debt free! I’m getting closer for sure.

  3. Natalie

    Our landlord is selling our condo, so we’ve decided to move in with family to save money and live cheap for a year while we pay down my husband’s pile of student loan debt. We may not pay it off in full, but I want to make a big dent in it before we have kids. Buying a home is waaaay down on our list of priorities, but we dream of it all the time.

    1. Jennifer

      Natalie, I actually decided to finance a home partly because it would be cheaper than renting monthly. There are all kinds of bond programs out there for first time home buyers, also doing an FHA only requires 3.5% down payment, which can be covered by a bond, that also covered my closing cost as well. Not saying its the path for everyone but there are ways to make it happen.


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