January 16, 2017

A year ago, after paying off all my debt I was looking for a way to give back. After all, my blog was just the fuel I needed to pay off debt and helped me launch a new career. To say I’m grateful for my readers and this community is an understatement.

So I started donating $50 per month toward my readers to help them pay off debt. Many of my readers email me desperate, scared, and sometimes suicidal. The weight of debt can be so heavy. I knew that small amount wouldn’t pay off all of their debt, but I knew that this small gesture could mean a lot.

As the project went out, I had people offering to match my donations. Shannon matched one month and for most of 2016 J. Money matched my contributions too.

Throughout 2016, J and I brainstormed how we could do something even bigger and better. We enjoyed helping someone in need once a month, but we kept thinking about making it more impactful.

Based on many conversations, we decided to launch #DebtDrop and get more people involved. Our goal is to amplify what we’ve already been doing in a more official capacity.

You see, J. recently launched the Rockstar Community Fund, a philanthropic initiative aimed at helping others directly with financial contributions.

#DebtDrop is one of its signature projects that I am leading. Our goal is to help people pay off debt and feel less alone. To gather the strength of the community to make real financial change in people’s lives.

To me, the whole goal of the Rockstar Community Fund is to show that a small financial contribution can have a big impact. Through the community fund and #DebtDrop, we can help others directly.

How do I get involved?

There are many ways to get involved in the Rockstar Community Fund. I love the #GivingCards project and think the Just-In-Time giving initiative is SO needed in the community. For #DebtDrop, we’re looking to harness the power of community and pay off some debt!

Being in debt can take a major toll on your life and we want to help people who may be on their last thread of hope.

If you want to get involved, you can:

Match $50. You can give directly to the Rockstar Community Fund and ask to earmark your gift for #DebtDrop. If you’re a blogger, you can also give directly to one of your readers – it doesn’t have to go through the RCF. But please let us know about your contribution so we can keep track. We’d love to share your story and know how this is making an impact.

Nominate someone who needs us. If you know someone who could use a little help, specifically to pay off debt, let us know. You can email me and we will take it into consideration. (Bloggers – keep an eye out on the comments/emails you get from readers. You may have someone who reads your blog who could benefit from this!)

Once a month, we will be helping someone pay off debt — and hope to do it bigger and better than before. The best part is that the recipients aren’t expecting help at all. They don’t ask for it. We surprise them and many of them are shocked, moved and inspired to keep going. The feedback I’ve gotten in the past year has inspired me so much to give back. You really never know how a small amount of money can help someone who feels hopeless about their debt. I know that we can make a difference.

There are other ways to get involved with the Rockstar Community Fund as a whole, too.

Share the project and spread the love! 🙂

This post is in: debt

December 10, 2016

One year later.

365 days since I made my last payment on my student loans.

Two degrees. $81,000 in student loans. Nine years of repayment. Nine years of having my money pay for my past, rather than my future.

I paid the minimum on my debt for the first five years, but after graduating from NYU and taking on a lot more debt, I knew I had to get serious. I ended up paying off $68,000 in 4.5 years.

My journey into debt was easy. Getting out of debt? It was the hardest thing I’ve done (aside from building a business).

There were moments when I felt so overwhelmed by my debt. When I realized I had taken on so much debt, but no full-time job was in sight. I felt consumed by debt and felt that every choice I made was predetermined by what I owed.

The lack of choice felt so limiting, so constricting. Finding myself on food stamps shortly after moving to Portland was a personal low. The master’s degree from a fancy private school — which I thought would be the key to career success — suddenly seemed meaningless.

I couldn’t help but think that everything I had done up to that point was a mistake. I was stupid for quitting my job and going to New York. I was an idiot for getting a performing arts degree from a private school and taking on more debt than I ever made in any previous annual salaries.

I carried the shame, guilt, depression and anxiety with me. The burden was heavy and the financial cost, very real. At my highest, I paid over $300 a month in interest.

When I found myself feeling hopeless and alone — after trying therapy and dealing with daily bouts of tears and anxiety fits — I turned to writing. I started this blog on January 3, 2013.

In many ways, this blog saved my life. I don’t say that lightly or with a hint of a hyperbole. It helped me climb out of the deep, dark place I found myself in.

It helped me acknowledge the feelings I had and made me realize I was not alone. I found cheerleaders, a community, and a creative outlet.

Through this blog, I created a new career as a freelance writer and event planner. How everything changed.

Making that last payment a year ago was such a surreal experience. I was in debt my entire adult life and for the first time, I was free.

Once I saw my balance at zero, I started to hyperventilate. It was not the reaction I was expecting.

But it felt like the last straw, the final “goodbye” in a love affair that was both exhilarating and tumultuous. Though I started a blog about breaking up with debt, actually breaking up with debt turned out to be far more emotional than I thought.

Who was I without debt? What would life be like without monthly payments? The fear of the unknown scared me. After about ten minutes of freaking out, I started to move toward excitement. I screamed and jumped up and down like a child on Christmas day. In twenty minutes, I went through all the emotions. Then, a breakthrough.

A feeling of lightness. A burden lifted. A breath of fresh air. I will never forget that feeling.

Over the past year, I have been able to keep that lightness and actually live the life I dreamed of. No longer was debt my master. I was in control of my choices.

This year, I finally got to act on what I wanted — I moved back to Los Angeles to be near family and be in a big city again. I celebrated and finally got to take my mom abroad to Italy. I traveled more than I ever have, both for business and pleasure. It was everything I wanted and everything I dreamed of. The guilt of spending money on things I wanted or needed was magically gone. I could use money for things I wanted. I started investing and saving for my future. My money belonged to me.

Though all my debt-free dreams did come true, it has still been a tough year in many ways. I had to start a new relationship with money. I had to figure out who I was without debt.

I increased my income even more and hadn’t realized I went into another tax bracket. After dealing with the expenses of moving and going to Italy, I then found out I owed the tax man everything I saved up. My savings went back to zero and I had to start over. It felt like a financial setback, though I was grateful to at least have the money in my account and not go back into debt.

I also found myself as the sole income earner. We knew moving to LA was a risk, but it was worth it. Luckily, I have a job I can do from anywhere, but my partner has struggled to find consistent work. Things are starting to change, but as you can imagine this affected my finances.

On top of the financial stress of taxes and making sure bills are paid, I experienced so many business growing pains this year. The more successful I got, the harder things got. I’ve dealt with some setbacks that have made me rethink everything. Some things that have deeply affected me. All of this affected my mental and physical health, too. I don’t think I’ve ever been so sick in my whole life as I was this year.

I am starting to make changes so that I can stay well and continue to thrive in my career and continue to be debt-free. There’s no doubt, though, that my first year being debt-free had the highest highs but also the lowest lows.

In the end, it was all worth it. To be here. With this blog, this book, this community that changed my life.

For everyone still fighting the good fight out of debt, I want you to know that it is possible. Life is much sweeter after debt and choices open up for you. Getting out of debt is so hard, but once you do, your whole life is waiting for you.

This post is in: debt

When my friend Jason Vitug asked me to speak for the Road to Financial Wellness, more than anything I wanted to say “No.”

I was full of excuses.

I don’t have experience as a speaker.

I’m too busy.

I’ve worked behind the scenes on the road, not in the spotlight.

Saying Yes

But I also didn’t want to be lame, so I said “Yes” instead. And I am so glad I worked through my fear and did it! I now want to pursue more speaking opportunities to share my story and inspire others to get out of debt.

Though I have a theatre background, I haven’t been in the spotlight with just me up there for more than a few minutes at a time, so this was definitely a bit out of my comfort zone.

But it was a great way to connect with others and tell my story in a new way. Also, it was like a homecoming.

Some of you may know that I’ve helped out with the Road to Financial Wellness for the past two years. I’ve been inspired by the mission and love helping Jason make this project happen. I helped organize the NYC event, the Chicago event and am planning the San Diego finale this week.

So it was a nice change to be on the other side of the stage. I am so grateful for this opportunity.

My friend Patrice Washington recorded me. It’s funny, I told her not to record it, because I was too scared. But since she knew it was my first public speaking gig she thought it would be good so I could get feedback. It’s nice when friends do what is best for you, even when you’re scared and just want to say no.

So, I’m getting out of my comfort zone even more and posted this on YouTube. We all have to start somewhere right? I hope you enjoy the video and it inspires you to get out of debt.

P.S. I’ll be in San Diego this week at FinCon. If you see me, say hi!

This post is in: debt

September 10, 2016

This blog post is part of the World Suicide Prevention Day blog tour. If you or someone you know is feeling suicidal, please call the National Suicide Prevention Lifeline at 1-800-273-8255 or visit www.Suicide.org

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“I don’t know how I can go on with all of this debt.”

“I’m worth more dead than I am alive.”

“I’m so stressed out, I’d rather die than deal with this debt.”

Over the past couple of years, I’ve received numerous emails from people searching “I want to kill myself because of debt” and finding my blog. Some I never hear from, some leave comments, and some send me emails.

I spent a portion of my vacation in Italy responding to someone who was getting hounded by creditors and wanted to absolve his family of the shame of being in debt. Last Christmas Eve and Thanksgiving I responded to more emails as well. During the holidays, I see a spike in traffic.

I answer every single email, no matter what day or time it is. It doesn’t get any easier to get these emails. My heart still hurts and I want to help. But why do I care? Because it’s personal.

My relationship with suicide

I will never meet my maternal grandfather. I know him vaguely through photos and stories, but mostly I know him because what he did.

He committed suicide when my mother was five years old, leaving my grandma alone to raise six kids. Though I am happy to report that my mother and her siblings have become happy, healthy adults, this one event is a stain on our family history.

There’s an emptiness. A hole. A branch of the family tree, abruptly cut off. We try to grow branches on our own, but come up short.

Aside from that, I had my own issues with suicide as a teenager. I was a depressed, awkward teenager and had trouble finding my place in the world. A puzzle piece that didn’t fit.

Through pills and razors, I flirted with ending it all. It would be easier that way. Or so I thought. One of the toughest conversations I’ve ever had was telling my parents how I felt. I could see the horror on my mom’s face, as she contemplated the potential of losing not only her father, but also her daughter to suicide.

I got the help I needed and got better. But even though I recovered from my suicidal feelings, depression has been a major character in the play of my life.

When I was deep in debt a few years ago, some of the thoughts came back. “It would be easier to end it all.”

Paying off debt felt so enormous. I felt trapped, stuck, and mostly ashamed of getting myself into this situation.

But I realized that killing myself over debt wasn’t worth it. It’s a permanent solution to a temporary problem. Back to counseling I went and ultimately I created a plan to get out of debt.

I started this blog as a lifeboat. I began to side hustle. I chose to believe that my only option was to get out of debt. And I made it happen.

What to do if you’re feeling suicidal because of debt

If you or someone you know is feeling suicidal because of debt, first let me tell you, you are not alone. You are not a loan. You are not crazy, you do not “deserve this” and you can overcome this.

I know how hopeless everything feels. The weight of debt is strong and the world looks bleak. Any ray of hope is hard to find. Your life feels like it’s controlled by something else. You feel an inner turmoil so deep, it’s hard to put into words.

But if you are really feeling hopeless because of debt, here’s what you can do:

1. Talk to your creditors. Can you lower your payments? Lower your interest rate? Go on temporary deferment? If your debt is causing you financial stress and you are unable to pay, talk to your creditors first.

2. Consider a debt management plan. There are nonprofit credit counseling agencies out there that can work with you to help you pay off debt. Make sure it’s a legit company. It could help.

3. Is bankruptcy or student loan forgiveness an option? I am NOT a financial planner, so I am not recommending these options but, they are something you should look into. I literally had someone tell me bankruptcy would be worse than death because of the shame. But I know several people who have filed bankruptcy, and they have moved on to have happy, productive lives. Your life isn’t over. Will it be tough? You bet. But it’s not over. Also, there are student loan forgiveness options for federal student loans through an income-driven plan or through Public Service Loan Forgiveness. If you have medical debt, call your lender and see if you can negotiate a payment plan or get some forgiven. As I mentioned in my book, I got an ER visit completely covered when I was uninsured.

4. Talk to a counselor. When I was deep in debt, finding myself in tears every day I went to therapy. There is NO shame in therapy. I honestly think everyone should go to therapy. Why? We all need a non-biased third party to help us see things differently. Our friends and family can help, but having someone else to talk to can offer a new perspective. I couldn’t afford traditional therapy, so I went to the local graduate school and got low-cost counseling. I was able to negotiate the sessions to $5 as I was on food stamps. Look for help at your church, graduate schools, community centers, and more.

5. Realize you are not your debt. For so long, I hated myself because of my debt. It represented all my mistakes. It represented the past that I was trying to move on from. The number consumed me with shame and guilt. Then one day, I realized I am not my debt. With or without debt, I am still a good person. It’s important to separate yourself and realize there’s more to life than this one number. And it’s important to enjoy your life now, even with debt on your shoulders.

“We have to connect with a new story and a new sense of self. We need to feel grounded in our life today, not waiting until the debt is paid off to start living.” says financial therapist Amanda Clayman.

Debt affects us in many ways — but it doesn’t have to be forever

Debt can feel all-consuming and take over our lives, affecting us in numerous ways.

“Living under the burden of debt affects us in numerous ways. We can break these down into regret, feeling trapped, and feeling like “our real life” is out of reach because of our financial obligations,” says Clayman.

It feels like we are working only to pay off debt, so what is the point? The point is to conquer debt and continue to live your life. Realize that life goes on and debt does not have to be forever. That with help, a plan, and a budget you can overcome this difficult period.

It’s important to remember, you are not alone. You are not a loan. Debt is NOT a death sentence.

Seek help, reach out, and don’t suffer in silence.

Resources:

National Suicide Prevention Lifeline: 1-800-273-TALK (8255)

Info about Debt Management Plans

Info about bankruptcy

Directory for low-cost counseling

Suicide Forum

 

This post is in: debt

After many months, I have an exciting announcement: MY BOOK IS HERE! Can you believe it? If you would have told me three years ago when I started this blog that it would lead to a book deal, I’d laugh in your face.

I am really excited to share my baby with the world and hope it inspires people to dump debt and take control of their finances.

Instead of just mentioning my book, I thought I’d share the five best books to help you get out of debt. Sometimes you need a little extra guidance so here are some of my favorite resources to help you pay down debt and get your money in order. (p.s. these are affiliate links and I’ll make a small commission if you purchase something, which helps support Dear Debt)

1. Dear Debt: A Story About Breaking Up with Debt

Okay, so shameless plug here but I do think my book is one of the best books to help you get out of debt. Why?

I paid off $81,000 in student loans. It was the hardest thing I’ve ever done, but I’m proof it can be done. The book chronicles my journey of getting into debt and how I managed to get out of it after struggling with low-paying jobs, making $10-$12 per hour after graduation.

The book is part memoir, part actionable advice and every chapter ends with a dear debt letter! I was so excited because I was able to share some of the killer letters that others have written in the book!

If you’re looking for inspiration, motivation, and actionable advice on paying off debt, cutting back, and earning more, my book is for you.  And remember…you are not a loan. You are not alone.

2. Hustle Away Debt

You guys know I’m all about the side hustle. Side hustling pretty much changed my life and helped me get out of debt. Not only that, it led to a new career.

Everything you want to know about side hustles is in Hustle Away Debt by David Carlson. He shows you how you can pay down your debt using side hustles and provides guidance on how to find the best hustle for your lifestyle, how to fit it into your schedule, and how to make real money at it. This is an essential guide if you’re looking to earn more!

3. You Only Live Once: The Roadmap to Financial Wellness and a Purposeful Life

I can’t tell you how proud I am of my boy Jason Vitug! Jason wrote You Only Live Once (YOLO — get it?) to help inspire millennials to get purposeful about their money. Throughout the book Jason shares his personal story and experience and discusses the importance of knowing your money why.

Once you understand your money why and how it can serve you, Jason hands you the tools you need to reach it in this book. For Vitug, it’s all about using your money to take you to the next level. He teaches you how to take control of your money through budgeting and strategic savings. With your money under control, you can move toward reaching your bigger purpose.

The 5 Best Books to Help You Get Out of Debt (And My Big Book Announcement)

4. The Recovering Spender: How to Live a Happy, Fulfilled, Debt-Free Life

Ok, this book isn’t even out yet, but I’m excited to read it. With a tagline like “how to live a happy, fulfilled, debt-free life” how could you go wrong? I’m putting this on the list as I know several blogger friends who’ve gotten a sneak peek at the book and they’re raving about it. Also, Lauren is just cool.

Lauren Greutman speaks from her own experience with credit card debt and chronic overspending in this book. Using her personal story of financial recovery ($40,000 in debt, and an underwater mortgage) and its effect on her marriage, she shares the steps she took to get her money into shape, and stop the overspending. You can pre-order now! 

5. Your Money or Your Life

Early on in my personal finance journey, I read Your Money or Your Life, considered one of the personal finance Bibles. This book has endured and stayed relevant for over twenty years. Vicki Robinson and Joe Dominguez focus heavily on finding satisfaction and peace with both your money, and your contribution to the world.

They believe your money should be a tool to bringing happiness into every area of your life. With their big picture approach, this book is about radically shifting your thought process surrounding your money, and the direction of your life.

Some of the things I got out of the book include looking at your after-tax salary and what you really take home and also quantifying purchases in hours worked. For example, a purchase isn’t just $20. It’s trading one hour of your life to make $20, to afford that purchase. This book can really shift your thinking when it comes to spending and money management!

Have you read any of these books? Any others you’d recommend? 

Image courtesy of Death to the Stock Photo

This post is in: debt, side hustle

For better or for worse, when it came to paying off debt, I was all in. Once I started this blog and publicly declared that I was going to get out of debt, I did everything in my power to make that a reality.

I started side hustling like crazy. I began to freelance, which later turned into my career. Once I doubled my income, I started throwing crazy amounts of money toward debt — $3,000 to $4,000 each month.

I saved a little, but not a lot. Just enough. I forgot about retirement. Didn’t invest. And now I’m 31-years-old and am effectively starting at square one.

It’s been five months since I paid off my debt and I should, in theory, have a lot of money to show for it. If I was putting that kind of money toward debt, wouldn’t I have close to $15,000 saved and invested now that my debt is out of the way?

I should, but I don’t.

I wish I could tell you that everything was balanced and I was able to stash cash like it was going out of style since becoming debt-free. But in my typical all-or-nothing personality, I decided to move to LA and go to Italy with my mom and write a book, all roughly at the same time. Not only that, but I got hit big time by Uncle Sam this tax season.

All of this money I thought I would have suddenly was tied up.

I had gone years without spending money on Big Life Changes and neglected every other area of my financial life in a single pursuit of becoming debt-free.

I know many of you were concerned with my strategy, and in my stubbornness, I ignored it…because I was going to be debt-free as soon as possible, no matter what.

And then, once my debt was paid off I changed everything. This has come at a cost that I’m realizing now, as I have barely anything to show for all of my hard work.

You may be wondering, how did this happen? Well, let’s review:

In January, a month after becoming debt-free, I technically “owed myself” because I had dipped into my tax savings account as well as emergency fund to pay off all my debt. On top of that, I owed a little more than I thought for quarterly taxes (because I’m self-employed), which set me back a little further. In short, I didn’t save much that month, because I had to replenish funds and pay the tax man.

February was a big month. I was actually able to save and invest $5,500 — $2,500 for investing, $1,000 in an emergency fund, $1,000 in an Italy fund and $1,000 for my moving fund. I felt proud. I felt rich, even.

Then March came, and it was hectic. Trying to move out-of-state is not cheap and definitely not fun. Towards the end of the month, when we were packing, our food bill got out of hand. At some point, you just sort of give up on cooking when you’re preparing to move and all of your stuff is in boxes.

The move itself wasn’t cheap either with a rental van, hotel stays, and gas. Once again, I was able to save a little, but the move cost more than I saved, which hindered my progress. Also, I owed the IRS about $3,000. Apparently, I made good money last year and didn’t save enough.

April came and was the worst month yet. A financial apocalypse, even. My accountant and I were going through my income and expenses to prepare for my quarterly taxes. I had just gotten off the heels of paying federal taxes, but this was another bomb.

I had a five-figure tax bill. Once again, I didn’t have enough saved and it wiped me out completely. Emergency fund? Gone. Tax fund? Depleted. Everything I had worked for was taken by the tax man. I have very few expenses that I can write off and apparently this year, I’ve been rocking the income and the IRS wanted their fair share. When I heard the news, I felt so defeated. It felt like a big setback.

Now my accountant is encouraging me to save not 30, not 40, but 50 percent of my income for taxes. WTF?! We’re overestimating here as falling short has obviously been a pattern of mine. I don’t want to owe the IRS, so I’ve continued to tap my savings. But now, as discussed, I’m literally saving half of my income for taxes.

To shake off this big blow, luckily I had Italy to look forward to. Italy was amazing, but spending two weeks there was expensive. Priceless, totally-worth-every-penny, but expensive. To make matters worse, I invoiced for half of what I usually make at the end of April. It was at that moment that I felt so low and frustrated with freelance life.

I work my butt off and have practically nothing to show for it. I pay 50 percent to taxes and can barely afford to take a vacation, because if I don’t work, I don’t get paid.

But then I started getting mad at myself…wondering how did all of this happen? How was I making so much money, but had nothing to show for it? I now realize that in my all-or-nothing debt payoff strategy, that I was screwing myself in other areas. I borrowed from savings and taxes. I also just assumed I could save the same amount for taxes and didn’t realize the extent that my income had grown.

In some ways, I feel like a failure. A (now) high-income earning freelancer with hardly anything in the bank. I realized that even though I was able to pay off debt ahead of schedule, starting at square one set me back in many ways. Deciding to move and travel all at once perhaps wasn’t such a good idea.

Also, taxes are a b!$%* if you’re self-employed. So, I haven’t made the progress I thought I would on my finances. I’m just recovering from the financial wipeout during tax season. I’ve replenished my emergency fund to $3,500. I have $3,000 invested. And am now saving a helluva lot more for taxes.

It’s not great and I’m not proud, but I’m taking baby steps to get where I need to go. I realize now how my all-or-nothing strategy got me in trouble, so am trying to save and invest in a sustainable way.

I wish I could share with you how awesome debt-free life is and how I’m rolling in the dough, living a life of luxury. But it’s been tough. It’s been a hard breakup. Debt is still showing me who is boss and I’m trying to reclaim my finances as I effectively start over and move on.

Being debt-free is great, but it’s not the end goal. It’s a goal. And life continues. If you’re working to get out of debt, don’t forget other areas of your financial life. Perhaps don’t make so many sweeping changes within months of paying off your debt. And if you’re self-employed or freelancing, save your money! More than you think you need!

I’m hoping that this is just a rough patch in my financial life and that I can learn how to lower my tax bill, earn more, and still save and invest most of my income. This has been a huge lesson for me and one that I wanted to share with you.

Has an all-or-nothing strategy ever got you in trouble with your finances? Stay tuned to find out how I plan on overcoming this and get my finances back on track. 

This post is in: debt

Hey debt fighters! I’m in Italy with my mom, finally crossing my debt-free dream off the list. Feels so good and like all the hard work I did for years finally paid off.

I’m excited to get back to focusing on Dear Debt when I get back. After winning best debt blog and paying off my debt, I want to help others get out of debt. While I am doing what I can to financially help others get out of debt, of course I want to provide content that you will actually read and find helpful.

This year has been a bit insane from working on my book, moving out-of-state and traveling.

Even though life has been full of transitions and growing pains, this blog is still my baby.

So, I want you to tell me what you want, what you really, really want 😉

Do you want more content on how to get out of debt? More info on side hustles? How to start your own business? More emotional vomit from me? (ha!) More about overcoming money mindset issues? I want to hear from you! It’s important to me that I don’t just ramble in my own universe and I connect with readers.

So, comment on what you want to see or send me an email.

Ciao!

This post is in: debt

February 11, 2016

Hey everyone! Sorry I’ve been MIA here, but as I mentioned I’m in the midst of finishing up my book and also inundated with client work. #goodproblems.

I hope you have been enjoying the dear debt letters!

But if you want to catch me, join me for #CentSaiChat on Friday, February 12th at 1pm ET/10am PT. You can watch online here. I’m excited to host a Blab about Love Conquers Debt with my friends at Centsai — just in time for V-day. You can check out a previous Blab I’ve done with the Debt Free Guys.

Hope to see some of you there!

CentSai Chat Graphic Chat topic

This post is in: debt

Paying off $81,000 in student loan debt is the toughest thing I’ve had to do. It took me many years, and a lot of blood, sweat and tears.

Now that I’m debt-free, I’m giving back each month to my readers, acting in my dream role of debt fairy godmother.

Last month I gave $50 to David in Brazil…this month, who knows?! But I do have some good news! I was recently interviewed by my good friend Shannon at Financially Blonde about getting out of debt. It’s a feel-good shot of inspiration if you need it, so take a listen.

She was so inspired by what I am doing that she agreed to also contribute this month! So we’re giving away $100 to someone. You can enter to win by commenting here and letting us know what BIG goal you are working toward this year. You can also tweet us your answer @blonde_finance and @deardebtblog.

Let us know what you’re working toward this year!

This post is in: debt

Over the past month of being debt-free, I’ve sat in amazement that I reached my destination. The journey was tough and a wild rollercoaster, but I made it. Sometimes it still doesn’t feel real.

Other times I laugh to myself, because I can see all those hard times as lessons now. They sure seemed tough at the time, but I was getting primed for self-employment. I was working my way from the bottom to the top and learning the hard lessons along the way.

When I think about my journey, I can’t ignore the influence of this blog and my readers on my success. I could have started this blog three years ago and wrote in silence. But I found others that pushed me. Encouraged me. Helped me.

My blogger friends helped me launch my new career. I got a chance to start over, work for myself and pay off my debt faster than I imagined.

Now, I want to give back and create my ideal position. In my fantasy, I’m a debt fairy godmother that helps encourage you, support you and helps you pay off your debt.

So my plan is to really give back to this community that gave so much to me. I plan on donating a portion of my blog income each month to a reader in debt. It’s not going to be a lot, or anything life changing, but as someone who was in debt for a long time, I know that every little bit helps. I don’t make a lot of money on this site, as I’ve carefully chosen to limit any ads or sponsored posts on my site.

Having a site about getting out of debt and constantly pushing people to buy just doesn’t make sense you know? But I’m determined to help others pay off their debt, even if it’s just a small chunk of change.

In addition to helping one reader each month with a small amount of money to put toward debt, I’ll also be giving away financial books, Starbucks cards and whatever I feel like will keep you motivated to keep going.

I know how hard it is to get out of debt and stay motivated which is why I want to be a debt fairy godmother (ha, I just like saying that). While paying off debt, I remember how a $10 Starbucks gift card changed my day or an unexpected $25 felt like $25 I didn’t have to come up with to put to my debt.

So, how can you be one of the lucky readers? Keep reading. Comment. Share a post if you feel like it. I’ll be choosing winners at my discretion each month.

This month it just felt appropriate to have my first winner be David from Brazil. He wrote a touching dear debt letter that I think resonated with a lot of people and gave us a new perspective on how people outside of the U.S. are dealing with debt.

I am so excited to give back to this community and have a little fun!

A lot of people have asked me if I am going to stop writing about debt or if I will change directions. For now, no. I’ll be right here cheering you on. Pushing you. Encouraging you.

While I will still be writing about debt, I may be writing less on this site for the next few months. In case you missed my Year in Review post, I am in the midst of working on a book(!). It’s exciting and exhausting trying to manage client work, my blog and this book. As much as I hate to say this, I’m not superwoman, so I have to cut back a little.

But don’t worry, I’m not going anywhere. Heck, I’m writing a book BASED on this blog! Including some of the dear debt letters (score!).

Thanks again from the bottom of my heart for supporting me for the past three years.

This post is in: debt