Introduction
This couple has been married for many years and have one child. They have HAD IT with their debt and have been marching toward debt freedom since November 2007. They are THROUGH with credit cards.

What went well this month?
We took out a 401(k) loan to pay off four high-interest credit cards. This allows us to pay a MUCH lower interest rate, and even better… we pay the interest back TO US! We are now hoping that we can take advantage of some 0% interest offers and transfer the remaining balances to those cards.

What were the challenges/struggles this month?
Trying to not get discouraged about not getting it all paid off now! We are also planning on making higher payments on the lowest debt as soon as we see what the 401(k) loan payment does to the paycheck.

Updated Debt Freedom Date …


Month By Month Progress …


What has helped you stay on this Debt Freedom March?
Knowing that one day we will be DEBT-FREE and not live paycheck to paycheck!

How has this Debt Freedom March impacted your marriage relationship?
We are actually closer now and get this: WE DON'T FIGHT ABOUT MONEY!!! We both know what we owe and we are both on the same page to GET IT PAID OFF!

Sangl says …
Couple #3 has completed part two of their three part plan to restructure their debt. Their credit cards had hugely punitive rates - all of them 20% or higher. This was really killing their ability to attack the debt principal. With the majority of their debt now at a much lower interest rate (some of it at 0%!), they are now positioned to make tremendous strides toward Debt Freedom!

In my meetings with thousands of people, I have seen situations like this completely intimidate someone and they allow it to prevent them from taking charge of their finances. Couple #3, I applaud you for sticking with this! You guys CAN do this, and you will! And all of us will have this front row seat to cheer you on. Way to go!

Readers …
Would you leave some words of encouragement for Couple #3 in the comment section?

If you are totally intimidated by your financial situation, I would be glad to help in any way that I can. We offer FREE one-on-one financial counseling through NewSpring Church in Anderson, SC. I have even begun offering a very limited number of on-line appointments. If you are interested in receiving financial counseling, please contact me