5 Blog Posts Every Millennial Repaying Debt Should Read / by Jennifer Chan


When I first started my debt repayment journey, I desperately sought advice from others who had come before me. I was lucky enough to stumble upon some incredibly intelligent Canadian women who are killing it in the personal finance blogging sphere. Since then, I've seen more female personal finance bloggers pop-up, bravely sharing their debt repaying journey with the world.

Here’s a round-up of some of my favourite articles from my favourite female finance bloggers who have conquered or are conquering their debt, to keep you motivated.

Your Mental Health & Money - Money After Graduation

“Reducing stress and anxiety in your everyday life will help you manage your money better. This isn’t merely wishful thinking. Research indicates that stress and worry about finances can negatively impact your cognitive abilities equivalent to the loss of two IQ points. The reverse is also true: if you can reduce stress and anxiety in your life, you’ll be more clearheaded which will help you earn more money and better manage your finances.”

Debt is Lonely, But We Can Change That - Mixed Up Money

“Debt can take a significant toll on us. It can completely change the way we view so many important things in our lives: relationships, careers, mental health, and beyond. These everyday things that used to feel so easy can become something completely different.”

The Debt Bonfire Method - Debts to Riches

“Instead of finding a suggested plan and following it, I recommend creating your own plan. This way, you can have the structure of a plan but in a customized way that will keep your motivation bonfire burning right down to the coals.”

You Weren’t Born to Pay Off Debt and Die - Cait Flanders

“What you don’t have to do forever is live with debt. You don’t have to spend every month calculating how much you can afford to put towards debt repayment, while continuing to use credit, and staying in the never-ending cycle of borrowing money and trying to pay it back. It’s not an easy cycle to get out of; I know that firsthand. But it is a cycle that will not only control your finances, it will control your mind and your life – and our time on this planet is far too short to let debt control your life.”

5 Mistakes You’re Making With Your Debt - My Alternate Life

“There’s a reason that the average Canadian’s non-mortgage debt hit $28,853 in 2014 and that’s because it’s hard to pay off debt. It’s a long, slow process and there is zero tangible reward to it until you get to the very end and can proclaim yourself debt free. That said, paying off debt is an important part of personal finance, and is entirely worth it in the end. It doesn’t have to be all bad either, if you’re having a hard time paying off your debt, it might be because you’re making a few key mistakes. Here are four big mistakes you might be making with your debt repayment.”

Bonus post:

Your Scarcity Mindset is Ruining Your Finances - Money After Graduation

“A scarcity complex about money will cause a lot of anxiety about everything from budgeting to saving. It’s also likely to worry you every single day. Not only is this uncomfortable, it actually prevents you from focusing on long-term financial goals. You don’t think beyond meeting your immediate needs, and as a result, long-term plans fall by the wayside.”

For those of you struggling with debt, know that you're not alone. I admire and respect your courage to tackle one of the biggest emotional obstacles you may very well face in your life. I'm rooting for you!