Featured,  Finance

How I Paid off $135k in Student Loans

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    My Interview with Ashley Brooke 

I recently had the privilege of coming across Ashley’s post about paying off her student loans and I knew that I had to learn her story.

Ashley and I chatted briefly about why she wanted to pay off her student loans and how she did it over email and messages.

Ashley’s sweet and positive personality seeped through our brief interaction and I am so glad I’m finally getting to share her story.

If you’d like to read about my financial journey towards student loan freedom click here.


What motivated you to start paying off your student loans? 

When I made my first student loan payment of $366, I was so excited.

I thought, “We’ll be able to pay this in no time!”

Then the next month, I logged in and my payment and numbers hardly moved.

I had accrued over $300 in interest in one month!

I immediately started trying to figure out how we could pay more than the minimum payment each month.


How did you pay off your debt so quickly?

My husband Weston, and I both work. I also have a photography business.

We used the “debt snowball method” where you focus your extra money on the smallest [loan] balance and pay the minimum on the other loans.

The biggest advantage of this method is getting a quick win!


What kept you motivated?

His baby fever and my wanderlust were pretty big motivators.

We decided in the beginning that we wanted to pay off our student loans before traveling to Europe and having children.

Knowing that we had so much debt made us sick and you have to get mad enough at your debt to push you to make radical changes in your finances such as taking on multiple jobs.


What advice would you give on debt?

Take one day at a time.

It’s so cliche, but the only way to eat an elephant is one bite at a time.

Keep your debt in front of you and make paying it off a priority.

We weren’t radical enough to only eat Ramen noodles, but we did make a conscious effort to spend less and only buy what we needed.

I firmly believe that paying our tithes consistently is what helped us pay our debt so quickly. The Bible teaches us to be good stewards of the money that He provides to us

and when you give back to God with a thankful heart, you will see that you always have enough money to make ends meet.


Conclusion

Ashley had so many amazing nuggets of wisdom, that I couldn’t contain all in one post.

Get the full interview below.

For the full interview click here.

For further details on Ashley’s amazing photos and information on her business, check out her business pages.

Website – www.ashleybrookephoto.com

Instagram – www.instagram.com/ashleybrookephotography

Facebook – www.facebook.com/ashleybrookephotography

Until next time, finance friends.