Married at just 22 and 21, today’s guest poster, Kendra and her husband quickly realized that their dream of owning a home in the country was way out of reach, but they didn’t let that stop them! They purchased a smaller home in town as a stepping stone, and now they’re paying their whole mortgage in just 10 years! Here’s how they’re doing it.
An in-depth look at How to Pay Off Debt Fast with a Low Income (from a frugal mom who has actually done it!)
You’ll learn how to get out of debt even if you don’t think it’s possible, make a better budget, save money even when you’re already living frugally, and find ways to earn extra money to throw at your debt. Plus, you’ll be inspired by more debt free stories of real families who are paying off their debt fast, even on a very tight budget.
Wondering how much you should spend in each budget category? Here is a budget percentage breakdown comparing our real life monthly household budget, Dave Ramsey’s budget percentages, and the spending habits of the typical American. Plus, tips for making your own debt free budget plan.
Take the first step to financial peace right now with this proven plan! It’s an ultra quick and simple 4-step plan for how to achieve family financial freedom. Hint: I believe these 4 little steps are even more important than saving money or budgeting!
Discover how to use Dave Ramsey’s debt snowball with this free video tutorial. Get out of debt faster while making only small adjustments to your budget.74
So, I’ve been working hard putting together the 21 Day Savings Challenge. I am REALLY excited about this because I believe it is going to launch you so far forward in your savings goals, that you just won’t stop until you reach them. And I’m confident, that even if all you do is the 21 Day Challenge, then you’ll still knock months or even years off your debt.
Wondering How to Be Debt Free? Try these 9 crazy ways to save money and get out of debt fast. This is how we paid off $22k in less than 9 months. It works!
Back when I first read about the concept of being “debt free” I immediately dismissed it. Ya right, there’s absolutely no way we’ll be able to do that on one low-income with one little kid and another one on the way. That’s great for them, but they don’t know how much debt we have and how small our income is!
At that point, I had pretty much accepted the fact that my husband and I would finally be paying off our student loans about the time our kids hit college age. There wasn’t even a tiny inkling of hope that our family would be debt free within ten years, let alone one! But then…
Just over three months ago, almost on a whim, my hubby and I decided to start putting a little extra on our student loans. It seemed like a small amount that would hardly make a dent in the huge sum we owed, until we really started looking at the numbers. You see, I’ve lately learned the value of what once seemed like an inconsequential amount and what a big difference it can make in helping you pay off debt faster.