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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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Find Out How Olivia & Her Husband Paid off Their Mortgage in 33 Months

Family Balance Sheet

We made sure we could afford the monthly payments on a 15 year mortgage, with the mindset that we would pay more each month. What inspired you to get debt free? There were two things that inspired us to pay off debt. I talk a lot about this in my post “Top 4 Ways to Pay Off Debt” but they include: 1.

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How We Paid off Six Figures of Debt

Family Balance Sheet

But once we started our Debt Freedom Plan, we cut restaurants back to once a week. We didn’t eliminate eating out completely, but just cutting back the splurge to once a week drastically reduced how much we spent. When we did eat out, we followed these rules: 15 Smart Tips to Save Money When Eating Out.

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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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Meet Amanda & Daniel. They Paid Off $68,000 in Debt in 8 Months.

Family Balance Sheet

Was there something that you gave up that you will go back to now that you are debt free? We definitely spend a lot more money on eating out at restaurants and using babysitters now that we are debt free. It’s feels nice to spend money on a date night out. Paying off debt can be done!

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

Family Balance Sheet

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! Debt Negotiation – I started to wonder whether the money I owed was “fixed” or not. Yes, but not yet!

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Find out how Lydia & her Husband Paid off $36,000 in Debt in 2 Years

Family Balance Sheet

What are the top 3 – 5 ways you found money to put towards debt. We cut our lifestyle to nothing and threw all that extra money at the debt. We gave up eating out, cable, driving as many places. What are your top 3 – 5 tips for saving money/pinching pennies to put towards paying off your debt.

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