We’re debt-free. Finally! The glimmer of light at the end of the tunnel is now a bright sunny day, and we still can’t believe we made it. It’s been a long train ride and we’re ready to get off and check out the sites in that glorious city I call Debt-Freeville.
Okay friends, this is the system we used to get out of debt. Blow it up, watch it in HD, and take notes. The point of this budget is to allocate your paycheck ASAP so you don’t spend it on things you don’t need. If you find yourself in a situation where you need a little extra spending money, make yourself an envelope with a certain dollar amount, or up your “Fun” or “Misc” envelope. And don’t hesitate to leave a comment if you have any questions.
By December of this year, my husband and I will have paid off $61,000 in debt. It took us 4 years on one very modest income to pay off an assortment of consumer debts. The last debt we have been repaying- and the biggest- has been my student loans. They totaled $36,000 and included three private loans and one Sallie Mae loan. These last four years has been a time of regret but also opportunity. Below is a list of lessons I’ve learned while breaking the “bondage” of debt. 1. Patience Four years is long time to wait for something. […]
Unless you have your head in the sand or you’re busy watching Jersey Shore you know the instability the world is in right now. I’m expecting an economic 9/11 to happen here in America. Could I be wrong? Sure, but I don’t think I am. Look around. Read between the lines. Something’s going on. Of course, I don’t know when it’s gonna happen but for a lot of families it already has. In these next couple of posts I’m gonna discuss how I’m financially, practically, physically, and spiritually preparing for economic hard times that seem to be just around the […]