This initiative is led, and inspired, by Melanie Lockert of DearDebt.com. In 2015 she wiped away the last of her remaining debt, and immediately started paying it forward by setting aside $50 every month to go toward the debts of one of her readers similarly struggling.
We thought it was such a good idea that we not only started matching it (Melanie paid off $900 of debts in 2016!!), but also made it one of our starting projects here at the RCF.
We know this doesn’t solve everyone’s problems, but we like to think it gives them a little hope for the day, and reminds them that they’re not alone in their journey. Especially those who may be close to being suicidal (which, unfortunately, we’re finding out is not too uncommon).
Our hope is that other bloggers in our community (or anyone else, for that matter!) will join us in helping pay off even more in future years!
Total debt paid off so far: $100
- December 2016: $100 for a reader of DearDebt.com struggling financially