🎉After 2 years and 8 months we are DEBT FREE!!!
$65k student loans - gone
$3k credit card - gone
$2k car loan - gone
$1k iphones - gone
We paid off every single dollar on a single income (with a little help from side hustles). We didn’t have any money when we started, and we didn’t sell anything along the way!
We started our journey in January 2017 after making a large purchase on a new credit card that we couldn’t pay off. It was a terrible feeling and I decided to take a further look into our other debt. I found out we had $71,000 of debt, 95% of which was student loans. I honestly didn’t even know! How scary is that? My husband and I both read Total Money Makeover, learned to budget, made a plan, and got to work.
It’s been a wild ride and we experienced every emotion in the book: failure, defeat, frustration, jealously, hopelessness . . . but then also excitement, pride, gratitude, and hope!
There were many bumps along the road. A move, a baby born, multiple deaths in the family, and so much more. They slowed us down, but we never let them stop us from pushing forward.
By FAR the most important thing we did was to learn how to budget properly. For us, this was the “secret sauce” and the “game changer”. Through zero-based budgeting, we were finally able to free up money in our budget to make extra payments toward our debt and make real progress.