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

Family Balance Sheet

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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20 Tips for Frugal Living

For the Mommas

You can use the difference in income to pay off debt, save or invest. Eat out less. One of the biggest expenses you probably incur is eating out. The average person spends over $2,000 a year on eating out. Instead of eating out, pack your lunch. 20 Tips for Frugal Living.

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Find out how Richard paid off $40,000 of debt

Family Balance Sheet

For example I got up at 3.45 That meant no vacations, no new clothes, no eating out, nothing. This immediately let me slash a huge amount off my monthly spending – though of course it wasn’t much fun at the time! For example a few friends owed me money, so I pressured them to settle what they owed.

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How to Start a Budget (and be successful at it!)

Family Balance Sheet

I came up with strategies to help us pay for yearly bills, large expenses, and we were able to pay off debts. For example, if your paychecks net to $3000 a month, then you plan the spending for $3000, and not a single dollar over or under. During that time, I started to budget for everything.

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