Skip to main content

Minnesota woman launches 'Money Gal Coaching' after individual success story

You don't have to be rich to pay off nearly $50,000 in student loan debt in 20 months.
Kelly Blodgett

Kelly Blodgett of Money Gal Coaching. 

Kelly Blodgett launched Money Gal Coaching with a goal of serving people who, like her, were burdened by debt. You can get her tips for paying down debt on a regular basis at Bring Me The News, in addition to the Money Gal Coaching website and Facebook page. In her words, this is how she became debt-free. 

I have not always been good at finances, yet I don't think any of us were. Some people are fortunate enough to have a parent who didn't believe in debt or a teacher that went outside the standard curriculum to teach about cash flowing college, but this isn't the norm and that wasn't me.

I graduated from college with around $60,000 in debt (I would tell you the number but I don't actually know, I was too afraid to know the grand total, and my loans were distributed across 2-3 providers and I never added them up).

Sponsored: Money Gal Coaching special offer for friends of Bring Me The News.

I guess I was under the impression that they would be paid off in 10 years. That was the term I signed up for, right? Right? My loans got sold, I re-consolidated and I basically made minimum payments. I discovered that eight years later, not nearly a big enough dent was made. How could this be?

A couple of years after college I lived in Senegal, West Africa as a Peace Corps Volunteer. My loans were out-of-sight and out-of-mind and I was in a completely different world. Life was great!

Once I returned back to the states I worked in the nonprofit sector, let's just say that I was not rollin' in dough. I always complained that I had to pay $500 a month just on student loans, but I didn't think there was anything I could do about it.

MVIMG_20200419_173611

Student loans don't go away in bankruptcy (trust me, I checked!) and I was already making my full payments. No payment plan for me. I was even that person that balanced my checkbook until I was about 29 years old (yes, pen, paper, check register, sitting in line at Target) just to be sure of every penny I had in my account so I didn't get an overdraft fee.

I lived like this for years, always stressing about how much money I had and how much money I owed – there had to be a better way. Then I learned the ways of the debt-free world, those paying off incredible amounts of debt in 1-3 years and I thought, 'if they can do it, I can too!'

I guess you could say that, in general, I fall in the "over-achiever" bucket – usually obsessed with one thing or another – and becoming debt-free was my next big obsession. 

I didn't make a few large payments, I wasn't rich. I made tons of tiny payments and that's where I saw progress.

In 20 months, I was able to pay down $46,514.91 of debt. How do I know that number? For starters, life-changing days are memorable, and it wasn't difficult for me to recall the day I realized I was paying for life without saving money for my future. 

Trust me, piecing my story together is much easier in hindsight than it was getting it done. But here we are today, and looking back, I would tell my younger self that there is an easier way. A way that doesn't involve interest payments. A way that involves a little bit of accountability for a lot of happiness. No more stressing about how much money I owed, or had, or didn't have. No more checkbook registers!

Join me. My story can be your story. I didn't make six figures, I didn't inherit money. I used basic, real principals to help guide me to a money-positive lifestyle and it's become my passion to share my tips to help others become debt-free.

Disclaimer: Bring Me The News will receive a portion of the proceeds from readers who purchase a service from Money Gal Coaching via our articles. 

Next Up

Karl-Anthony Towns

Timberwolves survive Knicks' second-half barrage to get back to .500

Karl-Anthony Towns' lay-in helped Minnesota get a win in The Garden.

FLickr - crime scene tape do not crozz

Charges: MN teen shot mom after dispute over meth

The girl's mother said there had been a dispute over methamphetamine.

bad roads, blizzard

No travel advised: High winds, whiteout conditions in NW MN

Zero visibility in parts of greater Minnesota Tuesday night.

holy angels high school j nelson

Update: Holy Angels evacuated over bomb threat, school says

Someone left a voicemail early Tuesday suggesting there was an explosive device.

radio station, microphone

Convicted stalker charged with harassment of another DJ at The Current

He pleaded guilty to similar charges involving the DJ's colleague back in 2015.

Mall of America exterior Tyler Vigen Wikimedia COmmons

10 new shops, food stops at Mall of America

Donuts, K-fashion, model cars — the new tenants cover a lot of bases.

Gophers basketball

Gophers fall below roster minimum, postpone Penn State game

It is "due to internal COVID-19 protocols within the Golden Gopher program."

Raheem Morris

Report: Vikings request interview with Rams' Raheem Morris

Morris was once the youngest head coach in the NFL at 33 years old.

train crossing S Boardman Ave, New York Mills, Minnesota - August 2013 crop GSV

Sheriff: Drunk driver crashed trying to 'beat the train'

The BNSF train slammed into the side of the driver's car.

ambulance

Man run over after parking dispute leads to road rage crash

The two groups fought about parking prior to the crash.

hwy 41 engler boulevard crash crop

Deadly crash shuts down small stretch of Chaska highway for hours

A driver crossed over the center median and hit another vehicle.

covid test 6

You can now order 4 free at-home COVID tests from the government

Tests will ship for free within 7-12 days, according to the White House.

Related

BMTN 900x450 (27)

Money Gal Coaching: How paying off debt allows me to say yes

We all know debt isn’t always a good thing and we are taught to try to avoid it, but do we actually avoid it?

money

Ask yourself these 7 questions to get better with money

Kelly started Money Gal Coaching after paying down more than $46,000 in debt in just 20 months.

vision board

Money Gal Coaching: 12 things to do at home that won't break the bank

Kelly started Money Gal Coaching after paying down nearly $50,000 in debt in just 20 months.

Screen Shot 2021-02-02 at 10.45.39 AM

Money Gal Coaching: Free tools for you to start a debt-free journey

Kelly Blodgett started Money Gal Coaching after paying down nearly $50K in debt in 18 months.

BMTN 900x450 (32)

Money Gal Coaching: Start here if you're feeling overwhelmed with your finances

Kelly started Money Gal Coaching after paying down nearly $50,000 in debt in just 20 months.

student loans

Money Gal Coaching: If you have federal student loans, what's your plan?

Kelly started Money Gal Coaching after paying down nearly $50,000 in debt in just 20 months.

BMTN 900x450 (44)

Money Gal Coaching: My why, and how a budget changed my life

Kelly started Money Gal Coaching after paying down more than $46,000 in debt in just 20 months.

bookkeeping-615384_1920

Money Gal Coaching: How jealousy stopped me from building wealth

Kelly started Money Gal Coaching after paying down more than $46,000 in debt in just 20 months.