Thursday, 22 May 2014

Debt Repayment Chain

I don't often talk about money and debt on my blog. It's not that I dislike talking about it, but I don't really have much to say. I do love the way J and I budget (which you can read about here) and we're making payments on our debts every month. I'm not a financial expert but our system works for us.


A little while ago I was browsing Pinterest and came across the brilliant idea of using a debt chain to stay motivated from The Drumgoole Family's Blog. Those of you who know me know I love a good visual (Remember my weight loss jars?) so I decided to make my own version.

To make my chains I cut strips of card stock to 3/4 inch x 5.5 inches and wrote amounts in $500 increments. If I were doing this again, I'd make my strips longer because they were a pain to staple. I used a different colour paper for each debt (not including car and mortgage). I kept each debt on a separate chain because we pay something on each debt every month and I don't keep a running total of it all added together. I also made each $5000 a different colour than the rest of the chain so it would stand out.

Once they were assembled I hung them with the curtains in my office/craft room. Not only do they look cute but they serve a great reminder of our goal. 

Shared at: Friday Pin Fest, My Pintervention, A Conquered Mess, Glitter Glue & Paint, The Happy Scraps, Natasha in Oz, Diana Rambles, Lines Across, Kathe With An E, A Stroll Thru Life, The Crafty Blog Stalker, Fluster Buster, Home Coming, Glitter, Glue & Paint, A Creative Princess, Sugar Bee Crafts, Life on Lakeshore Drive, Serenity You


  1. Thank you for stopping by The Weekend Social over at Kitchen Dreaming, we hope to see you again next week.


  2. We could use something like us. We're on the road to a debt free life, getting their payment by payment! Any thing to keep us motivated helps.

  3. Thank you for linking up to The Creative Exchange. I am featuring you today on my blog. This is such a clever idea to keep you motivated.

  4. What a clever idea! I really need to do something like this. Thanks for sharing at Project Pin-it!


  5. Thanks for linking up to the Say G’day Saturday linky party. I’ve just pinned your post! Hope you can say g’day again tomorrow!

    Best wishes,
    Natasha in Oz

  6. Thanks so much for joining Fluster's #CreativeMuster party this week. It was a lot of fun to co-host. Hugs, Holly


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