Debt Repayment… a marathon or a sprint?

Admittedly, I have not been as committed to paying off my loans these past few months as I was when I first started this blog.

As it turns out, this loan repayment business is tough. If you are just now beginning your loan repayment journey, starting a debt-free blog or committing to attack your loans with warrior like intensity, you probably have some lofty initial goals.

Which, in all honesty, is good. I know I sure did. Back in January, I committed to putting my entire 2014 salary to loans and solely living off my side hustle money. I was putting money to my loans like it was going out of style. And then, life happened. Yup. It’s crazy how that works, but sure enough, something comes up. Friends get married, you need new tires, you start a long distance relationship,  you have medical bills…. and the list goes on.

Things happen, they do. But, all of this has got me thinking… to what end am I doing all of this? I’ve been working two jobs for two years now. Teaching Monday-Friday, commuting two hours a day to do it, living at my parents house to be able to put more money to loans, waiting tables almost every Friday and Saturday night and some Sundays. On the little time I do have off, I’m almost too exhausted to do much else, always having to say no to my friends to hang out, or give them “I can’t make it until 11” (at which point I’m pooped).

Typing this out, I realize these are serious first world problems. I have a roof over my head, clothes to wear, a bed to sleep in, food to eat, and heck, even a car, cell phone and laptop. But really, this working round the clock to pay off loans is tough, tough business.

I think it’s time that I finally concede to the fact that paying back student loans is a marathon, not a sprint. I can’t believe I am actually posting that, but yes, a marathon it is. I remember reading that on other blogs when I first start Debt Free Tejana and thinking, NO WAY! I want to clear my debt as quick as possible. Don’t get me wrong, I do, but not at the expense of going crazy trying to do it. So I don’t get my loans paid off by my 27th birthday, you know what will happen? Nothing. What’s wrong with paying them off four months later?

I don’t know. Blog world, what are your thoughts? Marathon, sprint or some combination of both? 

 

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Wednesday Blog Love #4

Happy Hump Day dear queridos! Only two days left to a very, very anticipated weekend.

With the blogs, the good posts always seem so good. I’ve been inclined, to believe they always would, but now I…share them with you 🙂

Big shout out to the following, these are very worthy reads this week!

  • Little Miss Money at the Pursuit of Riches talks about her change in mindset. It’s all about the power of positive thinking!
  • Lauren at L Bee and the Money Tree talks about her 2014 goals. Her goal of $30k in side income is so inspiring.
  • A Disease Called Debt talks about the different emotions of the debt repayment process and addresses Debt Denial. This was something I definitely struggled with in undergrad. My thought at the time was that “well everybody has to take out loans to go to school” or “it won’t be that bad to pay back later”. Definitely wrong.
  • Sarah at GoGirlFinance gives 4 great tips for making a finance plan in your 20s. #3 (having an emergency fund) is so important!

Okay readers, this week’s song is an oldie but goodie. First to comment here or on Twitter (@DebtFreeTejana) will receive the highly valued VIRTUAL HIGH FIVE and Twitter shout out! 

neil diamond

That shirt… oh man.

Wednesday Blog Love #3

Tommy used to work on the docks.  Gina read her blog posts all day. She said “we’ve got to hold on to what we’ve got. These posts will be the difference if we make it or not. We’ve got these blogs and that’s a lot…”

Big shout out to all of these bloggers. I love reading your work!

  • Tax season is upon us! Tonya at Budget and the Beach gives helpful tips to help get you ready.
  • Looking for some new ways to make money this year? Budget Blonde cites 5 Interesting Ways to Earn More Money. One day I would love to do no. 4 (Flip a property)!
  • 20-somethings… feeling the Quarter Life Crisis? See what Erin at Broke Millennial has to say about it!
  • Thinking about all of the traveling I’ll be doing this year, I’ve got a big case of the travel bug! Nick at A Young Pro gives some great ideas for traveling for cheap.

Okay readers, this week’s song should be easier to guess. Think 80s! First to comment here or on Twitter (@DebtFreeTejana) will receive the highly valued VIRTUAL HIGH FIVE and Twitter shout out! 

This picture is making it too obvious!

Wednesday Blog Love #2

Dear lovers and Friends, if Usher, John and Luda had to do it again, it would probably look a little like the following blogs. Mad props to each of the bloggers, you guys inspire me!!

  • I’m sorry, but what?! Michelle at Making Sense of Cents made over $12k in business income for the month of December! Way to go Michelle!
  • Nikki over at Debt Busting Chick cites 17 strategies she uses to help pay back her loans. I love her no. 9 (start a blog!) and think that no. 10 and 11 (setting short and long term goals) are SO important. You need to have a plan to get to where you would like to be financially. For the majority of us, it won’t just happen by chance.
  • I just recently discovered FemmeFrugality and am completely hooked. Her witty writing style mixed with great content is a must read!
  • Big shout out to Stephanie at the Broke and Beautiful Life for re-committing to her 2014 goals!

So, I leave you all with one last image to really add in to the cheesy opening line (old school lyrics, anyone?):

What were your favorite blog posts from this week? Share in the comments below! Also… are you following me? If not, join the club! Enter your email address  above (above the twitter feed)to have my new posts sent to your inbox! Don’t forget to follow me out on Twitter, too! 

P.S….. be the first to guess the song from the above lyrics and win a VIRTUAL HIGH FIVE (you know you want one) and Twitter shout out!

Wednesday Blog Love #1

Okay dear readers, I’ve wanted to make a post like this for a while and it is finally coming to fruition. I’m not sure if this will be a weekly, bi-monthly or every-so-often type post. However, it’s time to start giving some internet applause to the personal finance community of bloggers (and a few others, too)!

The Position of Strength: If you are an MMM fan, you have already read this, but in case you missed it- check it out! Hard work is okay (and necessary), people.

Progress or Perfection? While Mark’s article is geared toward primal living, I think it can be great if taken in context of staying on budget and meeting your personal finance goals.

Earning Extra: Looking for some extra cash? Stephanie at Six Figures Under has some wonderful ideas!

8 Ways to Maximize Income and KILL Debt: Can I reference my own guest post? Sorry if this is bad form, but I’m doing it any way!

The Rule of 10: J. Money at Budgets are Sexy gives a fabulous reminder of how to put all purchases in perspective.

Now… off to read another chapter of Los Juegos del Hambre (Hunger Games). Happy Tuesday!