When you read personal finance blogs, you find many bloggers talking about their struggles with debt, their plans to pay off debt, and their dreams for their future. Many bloggers post their net worth each month so that readers can follow along. Over at Rockstar Finance, you can see a large group of various bloggers net worth.
I commend these bloggers for being accountable and showing the world what they are worth. Since Money Smart Guides goal is to help its readers pay off their debt and start investing for their future, I am taking the idea of net worth tracking one step further.
I find inspiration in many things, and one way is to get inspiration from others that are doing well. So below I present the Money Smart Guides Debt Payoff All Stars. It is a list of how much debt various bloggers have paid off. I will update the numbers below the beginning of each month after the bloggers update their net worth.
Be sure to scroll down after the list as well to find some great information for helping you become debt free!
Money Smart Guides Debt Payoff All Stars
Things To Remember
The numbers you see above might not be 100% accurate. I do my best to break things out but I can only do so much with the information that is presented. Additionally:
- Some bloggers only post their net worth (and as such, their debt) on a quarterly basis. I update this post monthly, so some numbers may be stale.
- This is how much debt they have paid off in total.
- These bloggers are in various stages of life. Some are fresh out of college while others are established in their careers. In other words, everyone is unique. As such, the amount of debt they can pay off varies. The goal isn’t to have the most debt paid off, it’s to get out of debt. Hopefully, you will find others who have as much debt as you on the list. If they can do it, so can you.
If you are in debt and are looking to break free, here are some helpful resources to help you in your journey of paying off debt.
Learn To Budget: If you want to get out of debt, you need to learn how to budget. I know, the dreaded B-word. Luckily there are some options out there that make budgeting enjoyable. Read my review of Power Wallet to see an automated program I have used to budget in the past.
Also consider You Need A Budget. By far this program will get you to think about your money in a completely different way. You can try it out for free for 34 days, then it is a one-time purchase price of $60. If you click on my link to it above, you will save 10% automatically!
Lastly, if you want a more manual option, read my post that have 8 free excel budget spreadsheets listed. I’m sure you will find one that you can work with here.
Get Out Of Debt: This post will walk you through my journey of getting into debt and how I broke the endless cycle. Hint: you have to look within to find to real reason you are in debt if you truly want to break free. In addition, this post walks you through setting up the method I used to eliminate my debt.
Ready For Zero: If you need some help to get out of debt, Ready For Zero is here to help. It’s a free website that creates a customized debt payoff plan just for you. Had it been around when I was in debt, I would have jumped at the chance to use it. You can read my full review here.
My eBook: I wrote an eBook called Spare Change. It has over 150 ways to cut your monthly expenses. How is this related to debt? Well, if you want to get out of debt in a shorter period of time, you are going to have to cut some expenses. This eBook gives you ideas to help with that. Additionally, read this post for more ideas.
Positive Thinking: Having a positive mindset goes a long way in getting out of debt. You will face setbacks. You will have difficult days. You will want to give up. But if you can stay positive and keep pushing through the tough days, you will see your goal through to the end.
Get Your Site On This List!
If you track your net worth and publish it on your blog, I would love to add you to my list. Just send me an email letting me know of your blog and a link to your most recent net worth post. I’ll take over from there!
Also, if you have paid off a significant amount of debt, but don’t post monthly net worth posts, let me know! I want to add you to my list.
Lastly, if you would like an official All Stars Badge, copy the code below!