Paid Off $16,400 Since Last Summer and I'm Now Debt Free!
I am finally debt free and I'm pretty jazzed about it! Since about summer 2025 I have paid off around $16,400 and now have finished paying off my debts. Overtime, side-hustles, selling things, all funnelled mostly to the debt. There were some other life expenses and emergencies that I paid for upfront this past year and didn't use debt to pay for them.
All in all my average came out to about $1100 in debt payments a month since August 2023, but that is heavily weighted towards the last year or so.
Original Debts:
✅ Car Debt: $27199 (August 2023)
- originally 7 year car loan at 7.99%
- extra payments started about 6 months in
- moved from 7.99% to 6.5% at 2 year mark
- paid off entire loan in 2 years 8 months
✅ Personal Debt: $3000 (August 2023)
✅ Emergency Home Repair: $5000 (Feb 2024)
Since August 2023 haven't paid a cent in interest on credit cards.
I don't yet feel the excitement. The last few months when I was so close to finishing were tough. I've been trying to avoid celebrating too early. Now the next paycheque when I get all of it to myself I hope is gonna feel great. To celebrate I am going to get myself a lovely dinner.