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I Got My Summer Refund Check!

  It’s my favorite time of the semester you know the one where free money is involved?! My semester started a week ago and my refund posted shortly after. If you’ve been reading my blog or watching my YouTube channel, then you know I am a champion for scholarships and free money. This past year my employer decided to pay for doctoral degrees in full which greatly assisted in my debt free journey. Figure 1: This is a thumbnail of my latest YouTube video “I Got My Summer Refund Check” where I am sitting in my office with my hand under my chin with a smile while looking at the camera. Although my schooling is paid for, I still have several scholarships that provide some overage. My goal is to not only obtain my doctorate degree for free but to make money while doing it! This summer I received two scholarships for $500 each for a total of $1000! One scholarship was given to me by the university without me having to apply while the other is for my work with a local community college.  With

Adult Daily Living Skills: STOP Making Minimum Payments on Your Debt !


(This a photo of me holding my hand up with my palm facing outward while looking serious used as a thumbnail for my YouTube video on Stop Making Minimum Payments on your Debt.)

Stop making minimum payments on your debt! Sounds crazy right? I know especially since I just paid off close to $4K in credit card debt but hear me out. This past week we received our stimulus checks and I decided to pay the remaining balance on a $4K personal loan that I had taken out in 2018 for a certification that I did not even need. In hindsight, it was a bad decision because I should have saved my money and paid cash versus taking out a loan. So for the past three years I have been paying the minimum balance on this loan. I even took “advantage” of skipping payments during the holidays and summer months. I don’t even want to think about how much interest I willingly paid to the bank.

After finally paying off this debt it dawned on me Duggan, you could have paid off this loan much sooner! You SHOULD have paid off this loan much sooner! Especially since, I paid off close to this amount in 6 months. That brings me to my point STOP making minimum payments on your debts! I was able to pay off such a large balance in a short amount of time because I paid double even triple at times!

I paid so much that I would even get an alert that asked if I was sure that I wanted to make another payment! Uhh YEAH! Now I understand that you may not be able to pay a lot in extra towards your debts however, if it is only an extra $10 or $20 it all helps. Remember, the banks want you to pay more so don’t fall into that trap like I did. You got this! Check out the video below for more information on why you need to stop making minimum payments.


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