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Posted on Aug 1, 2013 | 18 comments

Getting Debt Free: July 2013

Getting Debt Free: July 2013

And we are back with our Getting Debt Free July 2013 Recap! July was a great month for us towards working closer to reaching our goal to become free of debt. After not paying off any bills in full in June, I made sure we bumped it up a notch for July. How did that work out for us?

Continuing to Pay Off Debt

We paid off TWO more debts! After not paying off any in June, regardless of the progress we made towards paying down our debt, I wanted to make sure we made up for it! But, wait! There’s more!

Credit Score on the Rise

My credit score went up a huge 13 points in July! That’s big! I was actually really surprised to see how much it went up. Especially since the last two debts we paid off were both in Drew’s name. I’m getting really close to being back to where my credit score was before we got into all of this debt.

Our credit card utilization went down even more. From where we were at the beginning of January 2013, it has gone down 19%. That’s some real progress.

Last month, we even started paying additional funds towards our next debt. Now as our debts that still need to be paid off have bigger balances, we know we won’t be paying one off every month. As disappointing as that sounds, we will now shift our focus to getting our credit card utilization down even more and our credit scores even higher, every month.

Getting Debt Free July 2013

AfterGlobe readers who sign up for Ting with the referral link below will get a $25 credit!

Ting Phone Service

One thing we did to make more money available to us each month to pay off debts is switch phone services to Ting. Ting is awesome because they only charge you for what you use and you don’t have a contract. We cut our phone bill from almost $200 per month to less than $100 per month. Now that’s some extra green!

Even more exciting, Ting is giving AfterGlobe readers $25 that can be used either towards a device or towards a service credit! All you have to do to take advantage of this great deal is click on the link to get hooked up through AfterGlobe. What are you waiting for? You could start saving money, right now!

August Goals

Our goal for August is to bring in as much additional funds as we can to pay down the next debt in line. Besides the money we already have planned to pay towards it, we will be having a garage sale with all profits going towards paying off our next debt. We will also be listing some larger items on Craigslist and put the sales from all of those items towards that debt, as well. It’ll be a lot of extra funds to bring in, but we are hoping to bring in enough to pay off this debt in full for August.

As of the end of July 2013, we have 6 debts paid off in full and 11 more to go. We started working towards becoming debt free in January 2013.

What type of progress did you make towards getting debt free in July 2013?

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About Kimmy Hayes


Kimmy Hayes is the founder and editor-in-chief of AfterGlobe; a site on becoming debt free and traveling the world as a married couple. In 2012, she planned and coordinated her own do-it-yourself destination wedding on the beautiful island of Maui while serving as a moderator for the on-line community, The Knot. She is passionate about traveling to experience new cultures, snorkeling the waters of the world and reading with her toes in the sand.

18 Comments

  1. Kimmy: That’s FANTASTIC!!! Can’t imagine how good that must feel to have already knocked off 6 debts since the start of the year. I love the details you share here. Very inspiring.

    • Thank you, Laila! Welcome to AfterGlobe. It does feel great to have knocked those debts off. We keep reminding ourselves how far we’ve already come any time the amount to still pay off starts feeling overwhelming. It really helps!
      Kimmy Hayes recently posted…Shipwreck Beach on the Oregon Coast- A Photo EssayMy Profile

  2. Great job! It’s awesome how much progress you are making. Reading these posts is really motivating, thanks!
    Jenna recently posted…Our Favorite Icelandic MusicMy Profile

  3. We’re gradually paying credit card debt from all the travel and home renovation we did last year. And Mary’s about to sell her car, which will save us $500 a month in car and insurance payments. With both of us working from home and traveling regularly, we really only need one car.
    Bret @ GGT recently posted…PHOTO GALLERY: Patagonia Flora – The Flowers of Torres Del PaineMy Profile

    • Nice work, Bret! We can relate with only needing one car. We sold my car last year. We haven’t had any problem only having one and I like being able to not go anywhere because Drew has the car.
      Kimmy Hayes recently posted…Flowers of Maui: Photo EssayMy Profile

  4. Way to go! We were pretty good about staying out of debt our entire married life (30+ years). One huge help in that was to never buy new cars. We always bought used, almost always without a payment, and figured the extra repairs were way less than the interest and depreciation. Another huge thing to do, if possible, pay off the house. No mortgage makes it so much easier to save money. Best of luck with paying everything off, sounds like you’ve got it under control.

    • Kimmy is great with the budgeting and financial tricks. It’s definitely nice not to have car payments. Thanks for your input and support GypsyNesters!

  5. Congrats! You two have a good system, I’m finally gotten down some debt myself and looking into Ting – I’m hoping to go away for a long time and not needing a plan would be super great. Internet and a computer is all you need nowadays!

    • I have to say, I LOVE Ting. There are 4 of us on our plan and it use to cost just under $200 per month. Last month the bill was $75 and this month it’s going to be $55! That’s a huge savings and a lot more to put towards paying off our debt each month. I find that I don’t use my phone as much since you pay for what you use. Drew likes it much better that I’m not on my phone all the time anymore. Now, it’s pretty much just to post a photo on Instagram. :) Thanks for stopping by, Angelica!

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