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2019 Debt Freedom Plan Update

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To ease my anxiety about our new loans, we took the Financial Peace University home course and it changed how we thought about debt. From what we learned in the course, we wrote our Debt Freedom Plan. Updates on our Debt Freedom Plan over the years: Our Original Debt Freedom Plan – written in March 2014.

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Meet Jackie. She and Her Husband Paid off $147,000 in Debt | Debt Free Stories

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About $52,000 of that $147K was consumer debt (credit cards, a student loan, a car loan, a home improvement loan, etc.) But it wasn’t a decade of nothing but paying off debt. When we first started we couldn’t have even conceived of becoming completely debt free. What inspired you to get debt free?

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Ways to Beat Lifestyle Inflation

Prairie Eco-Thrifter

On top of that, now, I don’t have to pay tuition. And I am, of course, no exception. Another way to do this, if you have self control (which I don’t), is the budget just as if you were making the same amount as before, and manually reroute your extra money to your savings goal. Likely, there was a reason. Probably not.

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Create your debt freedom plan

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Stressed out, we ventured into Dave Ramsey’s online Financial Peace University home course for help. Prior to FPU, we thought we were doing well financially and never considered that we had too much debt. Something happens mentally when you WRITE down your goals and plans for execution. How to Create your own Debt Freedom Plan.

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Start Planning and Budgeting for Summer TODAY!

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– Look for coupons on Groupon, your local coupon magazine, the Bonus Book, or the course’s website. They’re all designed to help you save money, pay off debt, and achieve your financial goals, so please take advantage of them. Play miniature golf. Hit the tennis courts. Share in the comments!

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Find out how Jessica & Her Husband Paid off $175,000 of Debt

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He was always trying to put us on budgets, help us look for ways to save and not spend so much but we never found a system that worked for us and continued in spending behaviors that didn’t help advance goals. Did you follow a particular debt freedom plan or book, such as Dave Ramsey or Debt-Proof Living?

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Over 40 and Worried about Money? Start here!

Family Balance Sheet

We charted out our course of action to pay off debts and start saving for retirement. We still refer to it often to remind ourselves of our goals and objectives. My husband and I took Dave Ramsey’s Financial Peace University home course and we wrote Our Debt Freedom Plan based on Dave’s 7 Baby Steps.