My Personal Debt Free Story (Part 3)


I’ve been sharing my personal debt free journey. You can read both Part 1 and Part 2 to get caught up and then come back here and catch up on the last of the series.

I left off sharing that my husband and I began reading Dave Ramsey’s Total Money Makeover. We were both so enthralled with the idea of ​​eliminating our debt that we read every book and watched all of the movies in a matter of days. At that time, we had nearly $37,000 in debt which consisted of automobiles and a home equity loan.

As we began our journey I realized that we had made a huge mistake. I had vowed to never allow myself to get into the same financial situation I had been in years before. However, I “thought” that auto debt and a home equity loan was “OK” debt to have. It isn’t. The right type of debt is no debt at all.

Thus began the changes to our way of living. I did all all of the same steps that all of you have done. Yes – right down to cutting up those credit cards and using only cash for everything. It was TOUGH! I wasn’t sure how we were going to do it. The numbers just didn’t appear to add up. However, as we worked and tweaked our budget, we realized that we really could do it. Sure, it would mean hard work – but of course nothing worth having is ever easy.

We reduced our grocery budget and then used extra money to pay down debt. Part of our doing so was to find a way to save more money at the store. Through my studies and hard work, I learned how to really save on our shopping excursions . I shared this information with some on-line friends. My best friend encouraged me to start a blog. I never dreamed it would be what it is today. I am truly blessed.

As I shared my deals, we continued to pay down our debt. We sold items. We didn’t eat out. Finally – in February 2010 – we made our final debt payment! It was liberating. I can’t describe the feeling. This time around I did it the RIGHT way. I.. .



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