On Day 6 of No Credit Needed’s 33 Days and 33 Ways to save Money and Reduce Debt Challenge, the challenge is to share your personal finance story, and if you already do (via a personal finance blog), then talk about why you blog about personal finance. So why do I blog about personal finance?
The answer actually relates back to the No Credit Needed blog. I’ve been working inefficiently at getting out of (credit card) debt for several years. As I got more committed and serious about it over the past year or so, I started to do more and more research, and also look for more ways to keep focused and motivated through the long dull unmotivating paydown time. I know that some people will pay off small debts first to keep motivated and feeling accomplished, but I had no small debts. Nothing I owed, at the peak of my owing, was under $10,000, so none of them were going away fast. One of the things I did to stay motivated was join an online debt support group messageboard. One day one of the regular posters there put a link to No Credit Needed in a message, talking about how his story inspired her, and I followed the link and started reading his blog. By this time he was long out of debt and on to accumulating wealth, but I quickly was hooked on the whole story. I read his entire archive in about 3 days (there is a lot there, I was just interested!) and the whole idea of blogging about getting out of debt seemed so empowering. I decided to start my own blog to keep myself motivated and accountable, and also so I would stop talking nonstop at my spouse about my different ideas and theories and thoughts about debt reduction, he could read it all at his leisure instead and we could have shorter more focused discussions because I’d already brainstormed everything to death. I never imagined anyone but my spouse and I would find it interesting enough to read it.
But people do and I’m glad. It is great to share ideas and get feedback and *that* keeps me motivated and focused and on the right track. Even when the debt numbers are still huge and the dates for payoff seem far off. Thanks!