Welcome to the start of our 2024 Debt-Free Journey!
We took a bit of a step back in 2023 from focusing on our debt-free journey. But we're ready to dive back in with a renewed focus and motivation for 2024. Let's start with our debt confession.
Our starting debt was $34,882.06 which consisted of the following:
Credit Card: $639.28 [Paid off November 2023]
Consumer Proposal: $11,250.00
Bell: $2,577.48
Car Loan: $19,827.53
Our debt-free goal date is December 2024. Just one year to achieve this ambitious goal. As a single-income family of 4, we understand this will be a difficult goal to reach. Here is how we plan to achieve it...
Putting our quarterly carbon tax rebates towards our debt (about $380 each quarter)
Putting our tax return towards the debt (about $5,000)
Putting our two extra paychecks this year to the debt ($3,300 each in May and November)
Having Cody pick up 2 overtime shifts and putting that money towards the debt (about $3,000 each shift)
Putting $380 a month towards the debt
Other things that will help us accelerate the debt payoff plan are:
Selling extra things around the house
Any money made from our Etsy shop
Any money made from our YouTube channel
Any donations or money that comes in from Buy Me A Coffee
Thank you for following along in our debt-free journey, supporting us, and cheering us on. We are so thankful for the community we've built and continue to build.
Our hope is that we can inspire and motivate you on your debt-free journey too. Because it's possible for everyone!