Skip to main content
No. of Recommendations: 10
Here are the numbers currently.

Let me put some context to those numbers for you, and point out that you have paid down nearly 10% of your debt since you started posting:

         Rate     1/21/2019       2/15/2019       4/30/2019
#1 17.44% $1,283.76 $-
#2 17.49% $5,630.63 $5,332.05 $4,528.77
#2 13.99% $11,336.57 $11,077.82 $10,573.41
#4 13.99% $17,697.63 $17,355.48 $16,628.41
#5 0% $14,838.00 $14,410.92 $14,123.39
Total $50,786.59 $48,176.27 $45,853.98
Total Paydown $0.00 $2,610.32 $4,932.61
% Paid down 5.1% 9.7%

And please remember - you didn't build this debt overnight, so it's not going to go away overnight, either.

I'll be honest, I'm not pouring the energy that I was into this paydown anymore. Once I started running out of options to improve this situation...and without seeing any appreciable hope, I became somewhat apathetic and definitely lost the intensity. The numbers appear to be drifting unexcitedly in the right direction, but appearances can be deceiving. Reality is beating me.

One way that other people have kept themselves motivated is to make a paper chain of rings at $1000 per ring, and then tear off each ring off as you pay down that amount. So, for you, with $45,854 in debt, you would 46 rings. When your get the debt down to $44,999 or less, you would tear off 1 ring.

I'm sure that others will come up with other suggestions.

How are you doing on tracking your spending? Just the act of forcing yourself to write down every purchase can help motivate you to spend less, providing more money to put towards the debt.

You can do this!

Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.