I love the visual aid that Nurse Frugal made for their mortgage payoff and think we need something similar. Basically they have a picture that is covered-up by multiple black pieces. These pieces represent a certain amount of money, so every time they payoff an amount equal to that they remove the piece and underneath is a pretty picture.
There are all kinds of ways to track progress towards debt:
- A simple list where you cross off debts owed
- A thermometer type graph where you color in amounts till the total is paid off
- Construction paper chain, where every link equals a dollar amount
- A calendar of your payoff amounts and the final payoff date
I really like the covered picture idea that Nurse Frugal uses. Maybe we will put a picture of a future vacation that we want to take...Machu Picchu?
As you know, we have a lot of debt, and it's very overwhelming, and not possible to pay it all off with our middle class income. The real payoff time will come when I am done with residency and making a physician salary. So for now we are concentrating on our credit card debt and getting that paid off ASAP.
Total Credit Card Debt as of 5/21/13 $8613.17. The visual aid will represent our credit card debt.
Eye candy to come...stay posted!
Thanks for the shoutout! Good luck with making your visual aid!!
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