august 2017 debt accountability | pay off debt | debt repayment

August 2017 Debt Accountability


August seemed to last for ever, and somehow it went by super fast at the same time. But it's all good because September is my favorite month ever, it's my birthday month. Yup in less than a week, I'll be hitting the big 30. Now on to my August 2017 Debt Accountability post. 

August 2017 Debt Accountability Numbers

Car Loan: $4,618.66 difference: +$240.78

Bar Loan: $8,333.47 difference: +59.91 Refinancing has helped to have more of my payment go towards the principal. This progress is just due to regular payments.

Recommended Refinancing Company

If you have private loans or your debt to income ratio allows, consider refinancing with a company like SoFi. Learn more about what it's like to refinance with Sofi. Refinancing my bar loan with SoFi ended up saving me over $1,000. Use my link to refinance your student loan and you'll get a $100 bonus. 

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Student Loans: $258,158.11 difference: -$1,220.30 This is just gross. Sadly IBR doesn’t even cover the interest. PSA: Don’t go to law school kids, my original student loan balance was about $193k.

Visit my Debt Reports page to see my progress since 2014

SMART Goals for August

  • Pass $5k income I'm still chasing this goal Fail, but I came so close.
  • Get $2k saved up Fail
  • Meal plan all month - Neither pass or fail, I am getting better about meal planning but it's a process. 

Smart Goals for Next Month

  • Turn 30 and be awesome 😉
  • Get blog content scheduled through the first week of November, I've got a conference this month and another one next month so I'm going to be busy and I'd like to get ahead.

That is it for my August 2017 Debt Accountability Report! What are your goals and how are they going so far? Let me know in the comments

Money tools & resources i recommend

Chime (for saving) works by starting a spending account (takes 5 minutes) and opting into the automatic savings plan. (Learn more about getting started with Chime).  Every time I use the Chime Debit Card it rounds up my purchase to the nearest dollar and puts in in savings. Right now they also offer a double round-up bonus on those savings. All those withdrawals add up over time. Chime is free to use, with no monthly fees. With Chime, you end up saving money without having to think about it.

Qapital (for building savings & reaching money goals) Qapital can help you reach savings goals. Once you have the Qapital App installed and a bank account (or in my case three) connected you set up a goal or goals.  Then you set savings rules for each of your goals. For example, I have a round up to the nearest $2 rule, a guilty spending rule -when I buy Dominos. Qapital is free to useBonus, when you use my link you'll get $5 after your first savings.

Qoins (for debt repayment) When you sign up for Qoins, you connect your bank account and then spend as you normally would. Qoins will round up your purchases to the nearest dollar and put that change towards an extra debt payment. Learn more on How Qoins Can Help You Pay Off Debt Faster


Liz is a writer for hire, specializing in personal finance, entrepreneurship, and legal issues. She shares her own journey to debt freedom and helps graduates dealing with above average student loan debt on her site, Less Debt More Wine. She currently resides in NC after calling Massachusetts home for nearly a decade.


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