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who Will win $10,000?
Join our participants as they reduce debt and increase savings with the help of Summit financial coaches.

Venus' Journey:

Steps to becoming debt free

Before I started Project Money my biggest goal was to get rid of all of my debt. I feel like it does something to your well-being when you owe somebody for something. I remember how I felt when I paid one of my student loans off completely. It was a major weight lifted off me when I did it. I remember thinking that paying off my student loans was going to be my priority as a working adult. I told no one about this goal, I just did it. Therefore it happened. When I paid it off I remember telling several people, one who was an accountant, she said no one ever pays off their students loans so why is that a goal of yours? I kind of shook that off and was still happy about my small victory, but in the back of my mind thinking is this a stupid goal? I stop focusing on that as one of my goals and went on to figure out how to build my credit score because I had no real credit because my mom warned me several times not to ever get a credit card in college so I didn’t. Not having a credit card and just student loans on my record didn’t help so I got a credit card to raise my credit score. I was pretty good with paying it off regularly. However, when I started my business and I didn’t have any real money I just used my credit but didn’t pay it off, which hurt my credit score. 

This week I met with my financial coach, Murphy, about refinancing my credit card with Summit Credit Union. I felt like this was a great decision. What refinancing does is reduce your interest rates and cut your payment time in half. This is major! I was scheduled to pay off my credit card in 5 years and refinancing cut it down to 3 years. However, my coach and I have a plan to pay that off even sooner! I have already made a major gain toward paying off my credit card. I’m super excited about that! I just know when I pay this credit card off, another weight will be lifted. Then I can start making a major stride back to my original goal and pay off my student loan and become debt free! Let’s go get it!


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