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5 Steps to Crush Debt in 2016 + FREE Debt Payoff Goal Tracker

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It will be quite a feat because by my calculations we’ll be short each month if we just apply our debt snowball payment. We need to find/earn even more money each month to throw at the debt to make our goal by December 31, 2016. And with fingers crossed, hard work, and much prayer, 2016 will be the year we taste freedom.

Debt 100
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2019 Debt Freedom Plan Update

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Updates on our Debt Freedom Plan over the years: Our Original Debt Freedom Plan – written in March 2014. 2016 & 2017 Update. We still have a mortgage, so we’re technically not DEBT-FREE, but we paid off over 6 figures of business debts and student loans since 2012 and have wiped out our NON-mortgage debt.

Debt 100
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How We Paid off Six Figures of Debt

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While we don’t regret the decision to pause retirement contributions, since it’s a big reason why we were able to pay off so much debt, we did start to feel uneasy. We’re no spring chickens, so in November 2016, we started contributing again to our retirement. We stopped paying for our gym membership. .

Debt 130
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Create your debt freedom plan

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There were a lot more fun and purposeful things we could have done with that money than pay the lender. After the FPU class, we looked at our debts differently. Becoming debt-free became very appealing and the idea of being able to give more, save more, and live more was the direction we wanted to go. DONE November 2019.

Debt 130
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How to Achieve Your Financial Goals (tips from the achievers)

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Meet The Achievers: Deacon and his wife paid off $52,000 in debt in 18 months. She hit that goal in September 2016. Elle and her husband paid off a car loan and saved cash for their next car. Jessi and her husband paid off her student loans. Shannon and her husband paid off $22,000 in nine months.

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Over 40 and Worried about Money? Start here!

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We charted out our course of action to pay off debts and start saving for retirement. It’s FREE when you sign up here for my weekly newsletter. Finding a professional can be overwhelming, but Dave Ramsey just launched SmartVestor , a free resource to help you find an investing professional.