In this issue of The Payoff Challenge:
Community Debt Payoff Snapshot
Submit your debt payoff totals for this week!
Weekly Action: Sell Your Plasma
Money News: Household Debt is Increasing
New Video: Southwest Rapid Rewards Debit Card
My Home Payoff Update
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Community Debt Payoff Snapshot
Congrats to the everyone who paid off some debt this week! Let’s put this into a fun comparison.
We paid off a total of $580 last week! That’s the cost of an iPad Pro. I wish I had something clever to say about this. Anyway, congrats all.
$193 was the average paid off, which is like less than 4 tanks of gas nowadays. Soooo sad.
$193 is also the equivalent of 52 gallons of chocolate milk. That’s almost two gallons a day for the month of February, sheeeeesh.
Numbers only move if people act—which brings us to this week’s check-in!
Weekly Check In!
How Much Did You Pay Off This Week?
⏱ Takes under 60 seconds. Any amount. Any debt.
This isn’t about how big the number is—it’s about progress. If you haven’t made a payment yet, consider this your nudge to go make one right now. Missed a week? Just submit the total since your last entry.
Submissions will be included in future week’s Snapshots!
Caleb’s Actionable Strategy
Sell Your Plasma
And no, we’re not talking about some fictional plasma gun, I’m talking about the stuff in your body that has something to do with blood but I don’t know what.
Action: This week, sign up to donate plasma. You can get $800 for your first month!
Okay, this is kinda wild. If you aren’t the queasy type, this could be a great side hustle to kick some more debt. Check here for one place to donate!
Member Spotlight
I Want To Celebrate Your Wins!
But I can’t do that if you don’t tell me about it. So fill out this short form about the debt you’ve paid off and your current wins!
Any amount of debt payoff is worth celebrating here in the member spotlight.
Personal Financial News
Household Debt is Up
According to the New York Federal Reserve Bank, in Q1, household debt increased by $18B in America. Yeah, that’s a real bummer, and speaks to the cost of living this year.
But it doesn’t mean we have to play the victim and let it affect how we handle our money.
Your take-away: Regardless of other households’ finances, stay focused on your own. Work, budget, pay off debt.
Seriously, with focus and intentionality, I’m confident you can budget accordingly despite this year’s challenges. And as a result, make some serious progress towards debt payoff and financial freedom. Read more here.
New video!
If you’re looking to travel this summer via an airplane, check out one of my latest uploads. I got to try the new Southwest Rapid Rewards debit card and this is my review:
Caleb’s Challenge Update
Progress We Made Towards Our Payoff
Goal: Pay off our remaining mortgage ($70k) by our 10-year anniversary on June 17, 2027.
374 days left
Mortgage Balance on January 1st, 2026: $70,000
Current Mortgage Balance: $61,610.90 (▼$200 since last week)
Balance paid off since start of challenge: $8389.10
Source: Paycheck, savings, interest, Etsy poster sales, selling scrap metal, bicycle, TV cabinet
*This includes monthly principal payments as well as additional payments.
Current Mortgage Balance
Another $200 boom. I actually really like when we enter a new month (like next week) because we get to add the amount from our normal monthly payment that goes to principal. At this point, it’s over $900 that goes straight to principal every month!
Refer a friend and receive my quick-start guide for saving money TODAY on your existing expenses.
That’s it for this week! I already can’t wait for next couple week’s editions as we start getting numbers to include. If you have any feedback, respond to this email or drop me a line at [email protected].
Till next week!
Caleb
