MAY DEBT UPDATE || NEW BALANCE WITH ONE DEBT DOWN

In this video, I go over our debt balances as of the end of May 2024. We have been on a debt payoff journey since the beginning of 2022. We started with over 160K of debt, and we have been working diligently to pay it off since then. Each month I like to do an update to see where debt balances are currently and how much debt we have paid off.

I hope you all enjoy it. Thank you so much for watching!

I am NOT a financial advisor. I am just telling you my own personal goals. Please do your own research and seek a financial advisor if you have any questions concerning your own finances.

#financialgoals #debtupdate #debtconfession #debtfreecommunity #debtpayoff #investing #savingmoney

[wunderwriter]

Wow, Katie, seeing it all in black and white on a spreadsheet really brings home how hard you’ve worked to get this done and how incredibly consistent you’ve been. Through the years of watching YouTubers budget, I’ve noticed a recurring theme is budget burnout, and it’s especially exacerbated when a huge unexpected expense pops up (like your necessary new car purchase). It seems like that becomes a turning point for lots of posters, and they end up giving up because they incurred a large new debt and feel like they’ve become imposters in this space. You handled that hiccup like the pro you are, and while it was a setback, it didn’t impact your overall plan and you’ve proven goals can still be adjusted and achieved. Truly inspirational! You just keep getting it done, and I have no doubt at all you’ll continue this journey and end up successfully debt free except the mortgage in just a few years. Great job really committing to the process, you and your husband make such a great team. Today’s video made my day 😊. Thanks for posting it.

[terryhenderson]

FYI: I didn't check the list with models and years however Toyota announced a recall on a number for metal filings in the engine this week.

[MistakesWereMade-MWM]

Seeing progress, especially like this, is hugely motivating. Nice job!

[Lifeoverdebt]

What an amazing amount towards debt so far this year Katie! So happy for you guys! ❤

[budgetsdreams]

Wow! You are making HUGE progress this year! I’m so excited for you xx

[catgodfrey]

So happy for y’all. The progress is incredible. 😊❤😊

[Thisisriley]

Nice work Katie! Off topic but I like the design of the ceiling in the background! 😅

[nicolethomas]

You are so close on being below 100k in debt I believe you can tackle all your debt

[JKRBW]

I'm so stoked for you! Your progress is amazing!

[rox_budgets]

Amazing progress in this first months of the year!❤

[faithbydesignXO]

Hey Katie! You should be proud! Awesome progress!! 💜🌻🌷

[tesslyndoerksen]

You are doing great! I love watching your videos because you continue to be positive and have steady progress. I agree with you, once you move on from Fed loan 5, I think the balances on the highlander and sofi will start going down really quickly.

[gentlecharmbudgets]

You are making great progress Katie it is very motivating to see that it can be done ❤

[deeplansandbudgets]

You are doing so good. Love you are still being so aggressive with your goals.

[Plantation]

You def gotta enjoy the payoff journey. Especially paying off Fed4. That’s worth celebrating. Your debt payoff will obviously be stronger with that gone.

My wife and I live on LI, bought into rough housing market, with price and interest rate. But we had to with a 3 year old and now we have 2nd on way. Our last consumer debt payoff is our Durango and that only has a bit of over 16k left. I’m trying to pay it off before 2nd kid is born, in the fall. Then it’ll be nothing but the mortgage. I can’t believe how much you’re putting a month on your debts. You got this!

[fasteddy]

I love the tray ceiling. I miss that in my old house. As Dave Ramsey says you have a big shovel and the hole is filling up fast.

[authenticallyallison]

So freaking proud of you! You crushed this month! I am so happy you got that little spark by paying fed loan 4 off. It definitely helps motivate and inspire

[Lifewithmrsvee]

Congratulations on your debt payments. After paying off our mortgage I am slightly OBSESSED with paying off DEBT😊

[ShannonsBudgets]

Yes, it's very motivating when we see numbers go down and our progress pays off.

[Divasbudgeting]

Good afternoon❤ you’re doing so awesome. I love to watch those numbers go down, I enjoy watching your debt go down. Encouraging me to keep update with my stuff and no room for me to slack. Hope you had a wonderful day