Hey Smart Fros! Let’s pretend it has not been a few weeks since I last posted. So It has been 6 months since I started paying off debt and about 10 months since I made the decision to go on a debt journey. Since then, this debt journey taught me a lot.
I have come a very long way when it comes to money. This debt journey taught me a lot about myself. A lot of times you make a decision about something without even realizing how it will help you in other ways. So in this post, I will be sharing with you what my debt journey taught me so far.
NOT GOOD WITH MONEY
Just because you pay your bills on time does not mean you are good with money. That was one thing that I learned fairly quickly into my journey. Spending money I did not actually have because the credit card limit allowed it is how I got into 10,000 dollars of this mess. This debt journey has also taught me that its only good to have 2.00 left in your account after you have designated every dollar towards something. The days of asking myself where did all my money go are over.
DON’T NEED EVERYTHING
Just because you want does not mean you need it! When I first move into my apartment I was purchasing everything under the sun. I end up selling a good portion of it later when I realized while it made my apartment look cute. Right now, it was just not feasible with my lifestyle. This debt journey has taught me that I do not need everything and if I want it to let it simmer for a few weeks before purchasing it so that I know I really want it.
SPENT A LOT OF MONEY FOOD
Whew! I knew I like eat but I did not know the damage my food love was having on my wallet. I was easily spending about 250-300 dollars a month on fast food and restaurants.
SACRIFICES HAVE TO BE MADE
Unfortunately, if you are taking this debt journey seriously that means sacrifices will be made. You learn to say “No” a lot and giving up trips you have planned because it will set you back in your debt journey.
In the beginning, I felt as though I was making true progress on my debts. I knocked out my first four debts in about 3 months. I was on a high and feeling amazing. However, then I realized my reminding debts had all sat over a 2,000 dollar amount. Which means the days of quick wins were over.
You can only pay off as much as your shovel allows at the time. In between that time, things will come up with that will keep you from making your normal debt payments. The key is to have patience and know any progress is better than no progress.
HEALTH ALWAYS COMES FIRST
My debt journey is not more important than my health. I kept postponing going to the dentist because I knew the amount of money I was going to spend could be put towards debt. That was until it became impossible for me to eat on one side of my mouth because a cavity that got so bad. The reality is some months you will have to pause your debt journey to take care of your health.
NOT GOING TO BE PERFECT
One thing this debt journey has taught me is that I will not be perfect. I will have slip-ups. I will spend more than my budget allows and purchase things I should not and it is perfectly ok.
HOW TO MAKE MORE MONEY
Listen! If this debt journey did not teach me anything it has taught me how to make extra money and the legal lengths I will go to make it. It made me realize I had enough time in my schedule to work a part-time job for a few months. It has helped me take my Youtube Channel, Blog, and Social Media a lot more serious so that I can start earning real money.
DON’T ENVY OTHERS
The most important thing this debt journey has taught me is not to envy others.
In the beginning, I used to envy others who had two household incomes to throw at there debt. Then the ones who had amazing salaries right out of college and here I am “an attorney” still making not near as much.
One day it hit me. My debt journey is just that “My” debt journey. Being jealous of others is not going to make my debt go away any faster. If anything it will hinder my blessings and growth that being on this journey is teaching me.