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.
This month's update
We have still increased our payment on the National City card and are determined to get it paid off SOON! We absolutely could not do this without the budget/budget form. It is AMAZING how much that tool helps us! (Get your own budget form HERE)
Struggles? Hmmm… Nothing specific really.
We have transferred two of the credit cards a couple days ago that will show up on the next month's sheet and that what went well! More on that one next month!
Updated Debt Freedom Date …
Month By Month Progress …
Sangl Says …
When Couple #3 started out, they had an incredible level of high-interest debt. The high interest was absolutely crushing their efforts to become debt-free. They have taken the first few months of their Debt Freedom March to restructure their debt such that they can make tremendous strides toward their goal of ZERO debt. Nearly all of the debt has been restructured at this point, and you can see that fact very clear through their progress in just one month. They are sending the same amount toward their debt each month, but now it is nearly all going toward the principal balances.
Watch out Franklin Financial, National City, and JC Penney!
Do you have high interest debt that is crushing your attempts to lower your debt? Restructure it! A series on restructuring debt will be appearing soon on this wildly popular website known as JosephSangl.com!
Help Is Available!
If you have tried to put together a budget that works and it just is not working, I want you to know that help is available. We provide FREE one-on-one financial counseling here at NewSpring Church – both the Anderson and Greenville campuses. There are about fifteen incredible volunteers who are passionate about helping others win with their money. You can request an appointment by clicking HERE. We even provide a limited number of on-line appointments too!
You might consider picking up a copy of I Was Broke. Now I'm Not. In this book, I spend four chapters telling my family's story of walking out of debt and into financial freedom. In the final nine chapters, I teach the practical tools that we used! It is a fast read at 121 pages, and it might just change your life!