by Hope
I’m sure you were all wondering with my last update about the emotional credit card payment, what happened to paying off the personal loans first?
I paid Personal Loan #1 off last month. And I planned to pay off the second Personal Loan this month…and I have, mostly.
So here’s what had happened? (Yes, that grammatical weirdness was intentional, don’t come for me.)
As soon as I got paid this month, I started making payments, transferring money where it was to go, etc. And suddenly, I hit my daily limit. Thanks, Zelle!
Ok, I’ll wait til tomorrow to continue.
And the next day I hit my weekly limit. Again, thanks Zelle.
So I’ve transferred all I can with Zelle (no fees for anyone) to where it needs to go…and now have to wait 7 days for my limit to be reset.
I texted my brother with a note on what was up. The balance remaining now is $250. Let him know that as soon as Zelle let’s me, I’ll send the rest of the money. He was fine with that.
And that is the long story about why it took an extra week to pay off my 2nd personal loan.
But now…no more personal loans. (Not counting my dad, but I know that is a personal loan too just never called it that.)
And now we are 100% focused on getting rid of ALL Credit Card debt! Let’s go!
Hope is a resourceful and solutions-driven business manager who has spent nearly two decades helping clients streamline their operations and grow their businesses through project management, digital marketing, and tech expertise. Recently transitioning from her role as a single mom of five foster/adoptive children to an empty nester, Hope is navigating the emotional and practical challenges of redefining her life while maintaining her determination to regain financial control and eliminate debt.
Living in a cozy small town in northeast Georgia with her three dogs, Hope cherishes the serenity of the mountains over the bustle of the beach. Though her kids are now finding their footing in the world—pursuing education, careers, and independence—she remains deeply committed to supporting them in this next chapter, even as she faces the bittersweet tug of letting go.
Since joining the Blogging Away Debt community in 2015, Hope has candidly shared her journey of financial ups and downs. Now, with a renewed focus and a clear path ahead, she’s ready to tackle her finances with the same passion and perseverance that she’s brought to her life and career. Through her writing, she continues to inspire others to confront their own financial challenges and strive for a brighter future.
I’m sorry you should have paid your brother and father before those other bills. They have been more than generous helping you out, you must have known there was a limit on what you can pay at a time? I pay my bills with online banking through my bank, you can’t do that?
My brother is being paid at the same time as those other bills. It was just a limit with the mechanism that delayed the receipt. I didn’t realize there was a 7 day limit.
As for my dad, he is the one who encouraged me to pay my interest bearing debt first. Otherwise, his loan would have been next after my Personal Loan #2. He’s chosen to wait.
Canadians can use etransfers – we send the money via our bank accounts/emails/cell numbers and once my mom hit her limit! It is definitely annoying. I am glad you are paying everything down!
It’s pretty common since the limit is $1,000 daily and maybe $2,000 over 7 days. I don’t typically use money transfers at this level so the weekly limit was a surprise to me.
Congrats on the win!
Every time you pay off a debt, please post an update – it’s so encouraging and needs to be celebrated!!!
Definitely!