You may remember reading a few weeks ago that www.JosephSangl.com will be featuring inspiring stories of people who are marching their way out of debt.
Today, www.JosephSangl.com welcomes the first couple.
This first couple has HAD IT with debt and are just starting out on their path toward Debt Freedom! This couple has been married for many years and have two children.
Here is what their Debt Freedom Date Calculation looks like.
What went well this month …
Just the very act of looking where every single penny comes and goes is beneficial. We are pumped about doing this for our family.We are using cash envelopes for groceries and implementing the budget.
Challenges and struggles for this month …
I am in one of those months where money is tight because I have not planned ahead. I am cutting spending by carving some fat out of the things we thought we needed but really don't. I am setting aside money in an ING savings account for the escrow fund. I am getting to my 2500 emergency fund ASAP. I am then going to whale away at the debt.
Sangl Says …
This is the FIRST MONTH that couple #1 has a detailed plan for every single dollar they earn. INCOME – OUTGO = EXACTLY ZERO!!! Couple #1 – I am proud of you, and I can't WAIT to celebrate your achievement of securing Debt Freedom!
The AWESOME thing is that TWO of your debts will be leaving THIS MONTH!!!! Next month, you will be able to apply those payments to the Wells Fargo Credit Card!
Readers – Would you write some notes of encouragement for this couple as they step out of debt together?