August 2022 Debt Payoff Update

We started tracking our debt payoff in April 2022. We have fourteen debt accounts which overwhelmed and embarrassed me. So when I decided to blog about our debt payoff journey, I lumped them into seven categories. I explain each category in my Embracing the Debt post.

Here is our debt for August. We paid $2,531.81 to our debt and $1,068 of that was in interest. I do not mind the interest for our mortgage and eventually student loans but the interest for our collections is just annoying. I explain how student loan forgiveness will affect my student loans here.

Now that our last credit card is paid off we are focusing on paying off our next debt which is our 401K loan. I was able to put a small extra payment to that with some cash I earned with Ibotta. Use my code UIEGRYK to here cash when you submit your first receipt.

The total amount of debt we have paid off in August is $1,464.18!!

The total amount of debt we have paid off since we started tracking progress in April 2022 is $8,417.80!!