Sallie & Perkins: A Challenge


Hi friends, it's us again! We've been busy little debt-slashers this summer and so our posts have been a bit more spaced out. But we've missing talking to you all and hope to have more fun and frugality packed into this blog going forward. Throughout the past year of posting all about our journey to be debt-free, I've talked to SO many of you about your own situations. Everyone's financial situation is different of course, but there seems to be an underlying theme I hear from so many of you.

"We've got too much debt… we don't even know where to start!"

or

"There is zero room in our budget to make extra payments!"

or even

"Isn't there going to be a government loan forgiveness thing?!" 
(For the record- very few people will even qualify for this, read your facts friends!)

And to those things? I call Bullcrap. Now don't get me wrong… when we sat down to create a plan for our debt, and that huge number of almost $50k was staring back at us? We felt helpless and weren't sure that where we were starting even made sense. But we did it. We sucked it up, made the budget and worked to stick to it each and every month. And look where we are now! Well on our way to being debt free and our debt feels like NOTHING compared to what it was 12 months ago. So we're here to encourage you today because we KNOW you can do this!

Like I've said in the past, just because we've made it a goal to pay off thousands every month, doesn't mean everyone wants to, or has the ability to that. And that's okay! We live in a small house with an affordable mortgage, we don't have kids or medical bills, both of our old cars are paid off and we both have full-time jobs. Our plan fits us and our stage of life. Don't let what we do (or anyone else does!) affect your attitude towards your own debt. Comparison is a nasty thing and can happen with finances and debt, too. Maybe your plan this month can be just to pay an extra $100 on your smallest loan. You can find $100, I know it! Just look at those past 2 Target receipts.

So Sallie and Perkins are challenging you. Start thinking about your spending and try to pick one thing to cut back on, or completely eliminate this month. Make it your goal to put that money toward your smallest debt and get that snowball rolling. Cut back on the expensive coffee and make yours from home. Stop shopping online just because it's "on sale" or you have a coupon and keep that money in your bank account. If you've got kids, don't buy them any non-necessities this month no matter how "cute" it might be. They've got enough stuff, I promise.

Sallie and Perkins would LOVE to talk with some other budget-minded people and hear about what you're doing to give you or your family a sense of financial peace. If you ever post about debt-elimination, setting a budget- anything S&P would be giddy about, send it our way! We'd love to feature you in our series or just have someone to keep us motivated, as well. The more the merrier, we say!
Paying off debt makes us HAPPY!

Remember.. you're the only one stopping yourself!!

34 comments

  1. love this, while it took us a few months its still gone! Ive also utilized a consolidation company on the cards where the payments weren't going anywhere but to the interest, though its going to take a bit longer, I know its getting paid and not going toward the interest!

    ReplyDelete
  2. Nice to see you again, S&P ;)

    ReplyDelete
  3. I love these series with Sallie and Perkins! My fiance and I have set loose goals for our debts but we need to sit down ourselves, pull out the nitty gritty numbers, and set tight goals to pay off our debts. Thank you for being an inspiration!

    ReplyDelete
  4. i love it! i would like to write a post about being a stay at home mom and how it effects our budgeting and spending as we try to pay off our consumer debt as well {its not much in comparison to others, but i would SO like to see that credit card balance at zero!}

    ReplyDelete
  5. "you're the only one stopping yourself" is exactly what I said to Caleb last night about us. "WE can do this, we just need to TRY!"! We know what we need to do...its just time to stop being lazy about it. LOVE YOU! Thanks for the extra motivation ;) so proud of you guys, you're SO close to being debt free for GOOD!

    ReplyDelete
  6. Great post and great reminder it is attainable. Keep up the great work!

    ReplyDelete
  7. Thanks for the inspiration sally and perkins!! I've finally started to get my act together and hopefully this time next year I'll have one of loans paid off!

    ReplyDelete
  8. These. pictures....bahaha. You guys crack me up.

    ReplyDelete
  9. I would like to say "challenge accepted", but I'm not sure when we could start. My hope is in the next few weeks when I (hopefully) start my new job and get my first paycheck we can sit down and create a whole new budget and start working on making more than the minimum payments. But I'll definitely let you know, Sallie and Perkins! :)

    ReplyDelete
  10. Love this! We just started our plan to pay down our debt and we are on track to be debt free by next May (not counting our mortgage). It's so invigorating and I can't wait to get paid every month so I can make a HUGE payment towards school and car loans. Also - your pics are hilarious! :)

    ReplyDelete
  11. Sally and Perks are always so motivating! I have been busting my butt to make extra payments and I have readjusted my plan...again! But I just keep telling myself as long as I am moving in the right direction! Thank you for making this somewhat fun (how fun could debt be) ha! You guys are awesome!

    ReplyDelete
  12. You know I absolutely love this! I'm so proud of the progress you guys have made. And I know you and I already discuss this stuff a lot but I'm really ready to buckle down in the next couple of months. July has me SPENT (and a little behind) with 2 kids summer camps, a vacation, and then a couple days in Boston w/ Emily. So once we're back from that I can't wait to start saving, not spending, and get caught up on the things I'm behind on.

    ReplyDelete
  13. I love this! So glad I linked my blog post today to yours so readers can see mine AND then come over here for this! thanks for encouraging me to write about our debt journey!!

    ReplyDelete
  14. I've always paid an extra $20 towards the principal on my car payment every month, and I just built it in my head that that was the price.

    When I started paying down debt, I paid off the smallest stuff first so that the immediate return would spur me on. It's exciting to see a zero balance! Like jazz hands exciting. I've never taken those payments out of my budget, I just applied them to the next smallest thing, rolling it all along.

    You guys have done great this year!

    ReplyDelete
  15. These posts are so inspiring! I just made my very first student loan payment this month and thought I was going to die! I was so overwhelmed at that number that was over $50K staring back at me! First I threw a pitty party for myself because I thought "This isn't fair, I am single and most people have two incomes that they can live off of and pay off debt." However, after putting myself on the envelope system and sitting down with my many different loans I came up with strategy that would fit my budget, lifestyle, and tackle my loans with the highest interest rates :)

    Although it may take me longer than a few years to pay these bad boys off its empowering to have a plan to tackle debt :) I thank S&P for their inspiration on my student loan paying ways!

    ReplyDelete
  16. Nice, congrats on becoming debt free!!

    ReplyDelete
  17. You two are my favorite. :) Love this post so very much!

    ReplyDelete
  18. July has been our no spend month and it has been so easy :) But yes, we must stay away from Target. And again, you guys killed it with the pictures. I hope you frame a big collage of these in your house.

    ReplyDelete
  19. You guys KILL me!! The cutest little debt-slashers ever! I looooove these posts! Even though we've never been in a lot of debt, and right now the only debt we have is our jeep, these posts remind me WHY we like to stay out of debt (and pay off our jeep as quickly as possible!) Definitely an inspiration!

    ReplyDelete
  20. I just finished paying off my first student loan! Exciting stuff but there is plenty more where that came from. I am actually moving into a new apartment next week with a roommate and hopefully will be able to pay off the majority if not all of my debt within the next year. Thanks for the inspiration!

    ReplyDelete
    Replies
    1. That is awesome!! Congrats!!! Every little bit will get you there!

      Delete
  21. Yay for you guys!!! I am obsessed with doing our budget and tracking our spending and totally geek out over that stuff so I love when S&P make an appearance :)

    ReplyDelete
  22. I truly LOVED this post. I am starting my journey in becoming debt free as you already know and I am slowly figuring things out. I get paid weekly so I actually set my budget weekly based on what bills are due, etc. It's taking a little to get used to but I noticed that I'm not spending as much as I would without budgeting. I am also not using all of my funds in my budget since I am starting individual "funds" for different things. I am seeing more money that actually stays in my account which is awesome!

    xoxo, Sammi
    www.busysweetlife.com

    ReplyDelete
    Replies
    1. Thanks so much, Samantha! It definitely takes some getting used to, and Jared and I adjust and readjust our budget all the time to fit what's going on, extra bills, extra income, etc! I'm excited to follow along with YOUR journey :)

      Delete
  23. You two are my favorite.
    hands down!

    ReplyDelete
  24. I'm a new follower of your blog! What drew me in was the Sallie & Perkins series. I'm a total nerd for finances!

    ReplyDelete
  25. I'm about $1,400 from being totally debt free. The biggest thing has been eating out, especially over lunch. If I go to the store now, I pick up 5/$10 frozen lunches and eat those. Saves me about $40/week. It's crazy! And chicken breasts are usually too big, so I get those home right away and cut them in half and freeze separately. Now my meat doesn't go to waste and they are individually packed and I get twice for my money!

    ReplyDelete
  26. HAHAHAHAH. That last picture is amazing, just amazing! And you two rock! Drew and I have been really motivated with baby on the way and have paid off our smallest loan and now our new (as of 2 years ago) car. We feel so good about what we've done and are excited about the monthly bills we are slashing so we have more to spend on Aiden and updating our home. You definitely have added to my inspiration for wanting to get rid of loans so thank you.

    ReplyDelete
  27. i am one of the very few that qualifies for the loan forgiveness but I am going to try to kick my payments butts before we get to that point! living an hour away from a target is SO helpful- until i get lost in the black hole that is amazon prime. :) anyways, just caught up on your last few posts and I am book marking the recipe you posted earlier this week. YUM. hope you have a super fun weekend!

    ReplyDelete
  28. Thanks for the encouragement! You guys should be REALLY proud of yourselves

    ReplyDelete
  29. I feel a little like this post is directed at me! ;) But seriously, I need help. Can you just do it for me?

    ReplyDelete
  30. This comment has been removed by a blog administrator.

    ReplyDelete

Thanks SO much for taking the time to read and comment on my blog! I read each one and love to respond and chat with you! :)