Follow Up Friday

Follow Up Friday Get It Done Art of Love & Money

Hey, hey!  It’s Friday and the week is behind us.

How about a quick check-in.  Did you Tally Up Your Debts, Project Your Minimum Pay-off Date, and create a Debt Snow ball plan?

Email me for a copy of my spreadsheet or to become a case study, to introduce yourself, to say hello, to get some encouragement.

I want you to Find Your Why and to live a richer, more fulfilling life on your own terms.  Maybe that does not include becoming debt-free – and that’s okay, too.  You do YOU!  Just be on purpose, my friends.

ACTIONABLE STEPS: Start where you are!  Maybe today that’s just getting a notepad and pencil to get started, maybe it is getting caught up on the list below, or just reaching out to have a chat with me in the comments below or email me at

Follow Up Friday To Do List The Art of Love & Money
Follow Up Friday To Do List The Art of Love & Money

Happy Friday!



Create a $100 Debt Snowball

Last week we looked at our minimum debt pay-off date by

  1. Tallying up our debts
  2. Writing the minimum payments due
  3. Entering the data into a spreadsheet. >>Download<<
  4. Let that projected pay-off date sink in.

Today we are going to see what adding $100 to our lowest debt balance will do to speed up our progress.

Don’t overthink this, just add the $100 to the payment and when the debt with the lowest balance is wiped out, roll everything that was being paid on that lowest balance loan to the next lowest balance loan.

I don’t even want you to think about where to get the $100 yet, just do the exercise and see how it stirs you.  Once we have the WHY, the motivation, you will find the $100 and never look back.

Look at the chart below. I was projected to pay just $9 on the Von Maur card.  Instead, I add $100 to my payment and make it $109.  I pay off the card in 3 months instead of the projected 35 months.

I also have $27 left over in the third month and I start paying off my Sears card even though it is a zero percent interest for 12 month plan.

What is important here – I started.  Somewhere.  With whatever I could find.

And I got one small win straight off the bat.  I will not be getting a statement in the mail from Von Maur anymore, because I have stopped using the card, and I have focused on eliminating that debt. I now have a plan and I am more interested in paying off debt than I am in acquiring new debt.


Next, I continue to pay the $100 extra money and I add the $9 from the retired debt and add it to the $0 payment that is due to Sears on the stove.  I am able to pay that off before it ever becomes due.

See all of the zeros in the columns after the  balances?  That illustrates to us clearly that we were still projected to be paying on this debt these months.

But not us.  Nope.  We are going places and don’t have time to wait around for that.

On the 6th month, I have $12 left over so I put that on my next debt, Helzberg and I start paying that off before it becomes due, as well.  I pay this card off in 34 months.  It was projected to take 58 months.

In reality, it would have taken even longer because I have over-simplified this example to exclude interest.  Don’t get hung up on that now, just look at the 24 months of payments you have snatched back for our financial freedom.

Look at the chart below now, notice that all along we have been making minimum payments to what was due on all of the debts.


The snowball method applies the extra $100 to the lowest balance due, regardless of interest and terms of payment.  This simplifies things and gives a direction to follow.

In the past 41 months, we have retired three debts early, and one, the Jamaican honeymoon on the original $120 minimum payment according to schedule.

At that point, March of 2004, I have $80 left after paying the remaining $40 balance.  I immediately apply that $80 to my snowball of the lowest balance  debt – Helzberg.

The following month I pay the $109 payment to Helzberg plus the $120 I had been paying on the Jamaican Honeymoon. Three short months and I am now retiring the Helzberg debt as well.  I have $13 left over after paying the remaining $216 balance – that goes directly to the student loan payment. 78 + 13 = 91.

The next month, July of 2004, I add the entire $229 payment that I was paying to Helzberg and I start adding that to the $78 that I had been paying to the student loan.  My debt snowball has grown from $109 to $307.  I am now rapidly picking up speed and have retired four debts before their minimum projected pay-off dates.

Check back next week for the finale.


>>Download<< a working example of my spreadsheet.  I want to share it with you!

Make a copy of the worksheet you made last week that projects your minimum payment debt pay-off date.

Add $100 to the minimum payment until the first debt is wiped out, add all that money to the next lowest debt, continue through your pay-off schedule until all the debt is wiped out.  See how much time you have snatched back for your financial freedom.

Now, let that sink in.



BONUS POINTS: Send me an email to become one of my case studies.  If you are chosen, you will receive a free 15 minute personal finance coaching session via skype and your case study will be spelled out for you in the system that I used to walk our family out of the red and into the black.



Monday Motivation

The Admiration of Children The Art of Love & Money

I love, love, love children.  There is nothing so innocent, curious, creative, and pure as a child.  All things are new, exciting, and fresh adventure through a child’s eyes.

My husband and I spent the last 9 days caring for the littles in our lives while their parents worked or spent time together, recuperating from the real work of raising tiny humans.

I am proud to say, my husband and I do a damn good job loving the little people in our lives.  I truly think there is no greater blessing than a child and a child’s love and admiration.

Not all success is about the pocket book.  So get out there today and love the children in your life. If you have small children of your own at home, put down the phone, walk away from the chores,and get down to eye level with them.  Hear what they have to say.  They are miraculous.

If you don’t have small children in your home, reach out to family and friends and offer the parents in your life a much needed – and appreciated break!

Their children will adore you – for a simple trip to the playground – and their parents will too!


Make a list of the children in your life that you want to connect to, bond with, share your time and admiration with.  Then make plans to spend some time with them.  Take them to the playground or invite them to stay the night and make wonderful memories.  Kids don’t need a lot of money and fuss.  They want your time and undivided attention.