23 Dec
How we paid off $30,000 of debt
If I had to pinpoint a key transition that paved the way to our debt freedom, it was when we both — silently — admitted there was no fairy tale ending to this stupid situation.
We would have to tighten our belts, gird our loins, roll up our sleeves — pick your metaphor — and do it all. And we:
- Cut expenses.
- Budgeted, budgeted and re-budgeted.
- Identified and changed bad habits.
- Adjusted expectations for our lifestyle.
- Took in a roommate.
- Moved.
- Tripled and quadrupled our minimum credit card payments.
- Quit using the cards.
- Saved a cushion for emergencies.
- Relied on automatic payments.
- Switched to a superlow-interest card.
- Found ways to earn more money.
- Were honest with friends, family and ourselves about this priority.
…more details at: