This couple is THROUGH with debt! It has now been five months since they announced that they were breaking up with debt.
Here is this month's update!
What went well this month …
This is month five, and as you can see (from our Debt Freedom Date calculation) we are on the way to debt freedom. Joe's system gets much easier with time! We've really changed our financial lifestyle.
Challenges and struggles this month …
This month was fairly easy. We'd like to pay more than $325 on the Discover, but some other things came up and we had to plan for them. However, we didn't accumulate any new debt! We'll use our tax refund to pay off the Discover balance, and begin working to pay vehicle #1 off about ten months early!
Here is their updated Debt Freedom Date calculation …
Month By Month Progress …
Anything else you want to share?
We get paid on the 15th and 30th every month. A few months ago I couldn’t wait for those checks to come in because we were dependent on them.
About three months in to this, the “pay days” became regular days.
Any challenges you want to issue to others who are reading the web site?
My wife basically dragged me to our first meeting with Joe. Our finances weren’t horrendous, but weren’t great either. We had a few thousand dollars in savings, but were living pay check to pay check with some debt. I was embarrassed for an outsider to look into our personal business. My first question to Joe was, “What qualifies you to tell me how to handle my money?” Joe briefly told his story and I began to listen and realized I wasn’t going to be judged on my past financial decisions. This put me at ease.
We’ve been doing this for 4-5 months now, and it has changed our lives. I still buy what I want, eat what I want and go where I want, it’s just budgeted. We are paying off debt quickly, and working towards financial freedom.
My point … I know someone out there is skeptical or embarrassed about their situation, its okay. Call Joe!
Sangl says …
I am so fired up by Couple #2's progress! I am ready to CRY!
Couple #2 is ON FIRE! They have been on this journey for just FIVE months, and they have already paid off $11,693! They are experiencing a time of blessing, and they are taking full advantage of this time to knock out their debt! While they did not totally eliminate a debt this month, they did reduce their debt by $1,720. Simply amazing.
Readers – What you are seeing unfold before you with Couples #1 and #2 is what I am seeing literally HUNDREDS of people do! There are HUNDREDS of people who have taken control of their finances, developed a written spending plan, and are absolutely changing their entire financial future!
Couple #2 – You guys are inspiring others to take their finances to the next level! Thank you so much for sharing!
Have you had enough? Have you had your "I Have Had Enough" Moment? It's time to put together a plan that helps you win with your finances. You can start by putting together a written plan using one of the budget forms available on the "TOOLS" page. Just click on the word "TOOLS" at the top right-hand corner of the page.
Want to read my story and learn how to take your finances to a new level? Purchase a copy of I Was Broke. Now I'm Not. I can promise you that it is written at a level you can understand and immediately apply to your finances!