In this issue of The Payoff Challenge:
Community Debt Payoff Snapshot
Submit your debt payoff totals for this week!
Dollar Designator: A simple envelope system budget app
Weekly Action:
My Home Payoff Update
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Community Debt Payoff Snapshot
Congrats to everyone who paid off debt this week! Let’s put this into a fun comparison.
We paid off a total of $200 last week! Yep, just us this week with an extra payment. Unfortunately, this isn’t that abnormal for a trip to the grocery store. It doesn’t happen every week by any means, but if we’re running really low on food, you can pretty much count on it. Plan ahead for grocery trips!
$200 was the average paid off (of course).
$200 is also the equivalent of 51 gallons of chocolate milk.
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!
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Check out my how-to video right here:
This is a budget app I had a direct hand in bringing to you all, so I’m really excited about it. You can try it completely risk free (no credit card required).
Intro Offer:
The first 100 to sign up will get it for only $24.95 for the first year. Again, when you sign up, you’ll get a 60-day free trial which doesn’t require a credit or debit card.
Caleb’s Actionable Strategy
Use An Insurance Broker
One thing that can save you money on insurance is shopping for it through an insurance broker.
Action: This week, contact an insurance broker who will shop multiple insurance companies for you and find the best package for your needs.
Right out of college, this is what I did for myself and my wife, Bailey. Instead of going to a singular insurance company, we contacted an agent who shopped many companies for us. When he found the best deal and coverage, we purchased it through him. The best part is, he got commission straight from the insurance company, not as a flat fee from us.
I also like this strategy because insurance brokers will put together the quotes for you. So you don’t get stuck with calls from pushy insurance sales reps every time you fill out a form on an insurance website.
Member Spotlight
I Want To Celebrate Your Wins!
But I need your help to do it. Get featured here for your wins!
Any amount of debt payoff is worth celebrating here in the member spotlight.
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 (less than a year left).
248 days left
Mortgage Balance on January 1st, 2026: $70,000
Current Mortgage Balance: $46,767.04 (▼$200 since last week)
Balance paid off since start of challenge: $23,232.96
Source: Paycheck, a bonus, savings, interest, an Escrow surplus payment, Etsy poster sales, selling scrap metal, a bicycle, a TV cabinet, and a laptop
*This includes monthly principal payments as well as additional payments.
Current Mortgage Balance
This week, we just put $200 from savings towards the house. Just keep chipping away!
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
