Broke on Purpose Archives - Page 3 of 4

Melody Robinson Wright July 2, 2015

Three Important Budget Categories You May Be Missing.

I talk a lot about how having a budget is one the main reasons we are able to successfully pay off debt every single month. The budget allows you to tell your money where to go so that at the end of the month you’re not wondering where it went. We sit down and go through our budget before the start of every month. The budget meeting literally last about 10 minutes. If there are any upcoming expenses for the month we discuss them and work them in by subtracting from other areas that may not really need as much…

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Melody Robinson Wright June 30, 2015

We’ve Paid off over $12K In Debt In Four Months. Plus June 2015 Wrapup!

June is over. I’m still trying to wrap my head around the fact that half of the year is officially gone and whether or not I did enough in the first half of the year. This month was a very busy month for me in that things with my graduate thesis project took off, requiring me to put a lot of extra energy into my lab life while also trying to balance all of the extra work I accepted outside of the lab. Half way through the month when I began to feel a bit, overwhelmed, and I had to…

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Melody Robinson Wright June 4, 2015

May 2015 Broke on Purpose Wrap up and June 2015 Goals.

May was an interesting month when it came to our finances. The current debt that we are on as far as our Debt Snowball goes is our Upromise Credit Card which held a balance of $4188. Here’s the breakdown of how we planned to attack it: Minimum Payment: $78 Debt Snowball Payment: $472 Add’l Payment Goal: $1000 We started the month off on the right foot by creating our budget and committing to following it. Things were going great until my husband had a run-in with a deer on his way home from a friends house one night. This…

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Melody Robinson Wright May 19, 2015

How I Paid off Over $7K in Debt in 2 months with the Debt SnowBall Attack Plan

*Update* Since this post we’ve paid off the entire $13K in just Five Months. Keep reading below to find out our process. To read bout more of our success at paying off debt click here* If your significant other, sibling, parents, or best friend told you that they had $13K in debt and that they were planning to pay it off in 4 months would you believe that they could do it? Now, imagine this is you telling them the same thing, do you believe that you can do it? It is easier to walk into debt than it…

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Melody Robinson Wright May 4, 2015

Broke on Purpose: May Goals and New Planner and Free Printables

I honestly can’t believe it’s already May! When I look back I wish I would have started being Broke on Purpose back in January, but these past two months have been great momentum wise and we’re hoping to keep it up (to read how this journey started head here). To date, the Wright Household has paid off a whopping $7303.05 of debt and it feels absolutely amazing. This includes four credit cards and a car note. Another great thing about this whole thing is that while my debt is going down my credit score is going up! On March 25th…

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