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CFO Corner Week 22: Your Debt Is Shrinking (Have You Noticed?)

  • Writer: liveyourmoneystyle
    liveyourmoneystyle
  • 1 day ago
  • 1 min read
Debt Payoff

Halfway through the year is the perfect time to stop, zoom out, and actually measure how far you've come with your debt. In this episode, we walk you through a simple three-step exercise to calculate exactly how much debt you've paid off since January — and why seeing that number changes everything.



What We Cover

  • Why paying off debt feels slow even when you're doing everything right

  • The psychological trap that makes people quit before they see results

  • A simple 3-step mid-year check-in to calculate your real progress

  • How to use that number to fuel the next six months

  • Three action steps to take immediately after you run the numbers

  • A simple question that reframes small increases as big possibilities



The 3-Step Debt Progress Check-In

  1. Find your total debt balance from January 1st (or the closest date you have)

  2. Pull up your current balance across all accounts today

  3. Subtract — that number is your real progress



Three Things to Do With Your Number

  1. Celebrate it — Acknowledge what you've accomplished. Six months of consistent effort deserves a moment.

  2. Recommit — Confirm your plan still makes sense and lock in the next six months with confidence.

  3. Increase slightly if you can — Even $25–$50 more per month toward your highest-interest debt can meaningfully accelerate your payoff timeline.



Key Takeaway

Most people only look at their debt one month at a time — and that narrow view makes progress feel invisible. When you zoom out to six months, the picture changes. The progress is real. It's already there. You just have to look.


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