Marching To Debt Freedom – Couple #3 – Month 10

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.

Good things this month

We are seeing balances come down due to making higher payments (National City) and lower or no interest on the others!  YEAH!!!!

Challenges this month

Still gas prices … BUT we have restructured our schedules to only run errands once a week if possible and it has really helped out! 

Updated Debt Freedom Date …

Month By Month Progress …

Sangl Says …

You can see the progress being made by Couple #3 now!  There were several months where the debt was being restructured by transferring credit card balances to 0% and low interest rate credit cards.  Now that all of that money is going directly to the principal, look at how swiftly they are dropping!!!  Couple #3 dropped their debt by a huge amount last month!  Outstanding.

Readers …

Are you paying high interest on your credit cards?  Move the balances to zero percent and low interest cards!  That can really help one gain traction toward debt freedom.  There are several 0% balance transfer credit cards available on the Next Steps page.

My book, I Was Broke. Now I'm Not, is available via AMAZON.COM, BORDERS.COM, and PAYPAL.  You can read the Introduction HERE.  In this book, you will learn exactly how Jenn and I became debt-free in just fourteen months.

3 Responses to “Marching To Debt Freedom – Couple #3 – Month 10”

  1. Moneymonk October 7, 2008 at 9:33 am #

    seems like they have less than 3 years to go. maybe if one pick up a pt job , they can knock it out in 2 years

  2. TurtleLover October 7, 2008 at 12:46 pm #

    Great Progress !!

  3. ald October 8, 2008 at 9:36 pm #

    Maybe sell the car and use that payment to accelerate the snowball?

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