Introduction
Couple #1 is THROUGH with debt! They have been married for many years and have two children. They are now four months into their march. Here is this month's update.
What went well this month …
We paid cash for Christmas, and we didn't spend as much this year. Our kids are older, and it is not so much about the gift as it is about showing your family how much they mean to you.
Challenges and struggles for this month …
Only minimum payments were paid this month. That means wasted interest and delayed freedom but our day will come. 2008 will be a watershed year, or should I say a debt shedding year. I am jacked up about it. I plan on sleeping better because I don't have to worry who I am going to pay tomorrow.
Updated Debt Freedom Date …
Month By Month Progress …
Sangl says …
This month Couple #1 has experienced something that every single person who attempts to pay off debt WILL EXPERIENCE - They encountered a Budget-Busting Expense. They chose (rightly) to AVOID MORE DEBT by paying the minimum payments. This allowed them to PAY CASH for Christmas!
Think about it this way. How demoralizing would it be for you to be attacking your debt and then have to turn back to debt because you do not have money for a budget-busting expense? It has derailed many attempts at achieving debt freedom. Don't let this happen to you! Choose to do what Couple #1 did - slow down enough on the debt freedom march to have the cash on hand for your budget-busting expenses!
Way to go Couple #1! I am FIRED UP by your progress! You guys are inspiring THOUSANDS to take control of their finances! I can't WAIT for your Debt Freedom Party!
Readers …
You too can PAY CASH for next Christmas! Read the series "Save Money For Next Christmas" to avoid debt during Christmas 2008!
You can receive each post FREE via E-MAIL by clicking HERE!
Marching To Debt Freedom - Couple #1 - Month 04
January 9th, 2008 at 05:10 pm