Debt Payoff Contest: Update September 17

Before any of you have a heart attack, or wonder if I robbed a bank, the answer is no. I didn’t do any of those things or anything else illegal to jump up to over $3400 paid off in my $5000 Debt Payoff Contest. I’ve actually been using the Manulife One method of payment, which means that I deposit my entire paycheque into my one line of credit, thereby decreasing the amount of interest that’s accrued each month (remember, the interest is calculated daily.) When I saw that Manulife was advertising this as a “new” type of “chequing account”, I thought that I could do the same thing. Sure enough, it’s saving me some dollars here and there. So that’s how I did it. I got my penultimate severance payment last week, so I dumped it all into one line of credit. The amount will be adjusted this week once I get my regular paycheque, but I wanted to add that amount into the progress graph, because seeing positive movement is helpful for the motivation, you know?

What do you do for motivation in your debt repayment?