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Find out how Deacon & his Wife Paid off $52,000 of Debt in 18 Months

Family Balance Sheet

Today’s Debt Free Story is from Deacon. How much debt did you pay off? What kind of debt was it? We paid off $52,000 in consumer debt. It consisted of student loans, a car loan and even some credit card debt. After putting together a budget, it took us 18 months to pay off all of that debt!

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10 Must-Know Personal Finance Tips for Moms’ Financial Success

Penny Pinchin' Mom

However, if you have been following me, you know that I am quite serious about finding ways to not only get out of debt but also how to create a budget (and stick to it) as well as how to save money without necessarily depriving your family of the quality of life they deserve. I send in $50 every month to each of their accounts.

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Meet Carrie. She Paid Off $14,000 in Debt in 14 Months.

Family Balance Sheet

Today’s Debt Free Story is from Carrie. How much debt did you pay off? What kind of debt was it? After my first marriage fell apart, I ended up with over $14,000 of consumer debt, made up of a car loan and credit cards. What inspired you to get debt free? Tell us about you and your family. Where are you from?

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Free Kindle Book: The Simple Dollar

For the Mommas

You can download The Simple Dollar: How One Man Wiped Out His Debts and Achieved the Life of His Dreams for free. Get a free one month trial of Netflix. Remember, the prices change frequently so make sure it is still $0.00 when you check out. Remember, you don’t have to have a Kindle to read these free books. Thanks, Money Saving Mom.

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Current Thoughts on the Economy

freestuff.tv

Given all this uncertainty, I have decided to take the step and completely focus on debt reduction, ie mortgage before anything else. I have taken up a Netflix membership so the family can still have some entertainment but heading to the local cinemas is now a no go zone.

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How to Get By on One Income When Baby Arrives

For the Mommas

Eliminate debt. Credit card debt and high-interest loans are costing you money that you could use in the long-run. Prepare to live on one income by paying down, or paying off, these debts. Cancel your cable and sign up for an online streaming service like Netflix or Hulu instead. Buy second hand.

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Saving Tips & Free Crediting Monitoring

For the Mommas

Saving more (52%), spending less (19%) and paying off debt (19%). What about that monthly subscription to Netflix or your 10 magazine subscriptions? One of the easiest and most overlooked ways to spend less is by re-evaluating your debt and improving your credit score. Paying Off Debt. The top 3 financial resolutions?