embarrasing Experiments Finance Habits Self Improvement Update

Money and Debt – First Quarter 2020 Update

The quality of a person’s life is in direct proportion to his commitment to excellence, regardless of his chosen field of endeavor. – Vince Lombardi

Since I vowed to get my financial fitness under control in 2020 – I implemented some changes, and since 3 months have gone by in the blink of an eye – here are some updates (January 1, 2020 – March 31, 2020):

  1. I consolidated all my debt into two loans, I also have financing/loan for a smaller past purchase and one credit card (revolving credit) – which I started January 2020 owing around $46,000
    STATUS: I have paid off just over $3,200.00
  2. I decided “I want to pay off my auto loan first” which was around $5,100.00 at the start of January.
    STATUS: I have my loan down to $3000, which is right on target. I have paid (on average) $700.00 per month, and am still on course to have it paid off by end of July 2020, if not sooner! **as of April 15, 2020 it is now actually down below $2000!**
  3. I put other little “challenges” in place for myself as well – like my “Starbucks 2020” plan – to make $100.00 on my Starbucks card last THE. WHOLE. YEAR. That meant every other week, I can get a drink that costs $3.85 or less.
    STATUS: On track! Balance on card is hanging out at just over $78.00 and that’s actually about one week OVER the allotted amount!

All that is in ADDITION to my monthly student loan payments, plus paying my revolving credit card each month, which I use for travel and such. It’s been a really strong start to my 2020 debt crushing year! My “plan” and forecast shows 2020 is a theme…as it looks like I can finish the year (barring any unforeseen hiccups!) paying off around 20k in debt! Whoooooo!!

My goal is to have all my debt (except student loans) paid off by (or before) December 2023.



By DreamerSD

Life enthusiast

2 replies on “Money and Debt – First Quarter 2020 Update”

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s