Posts by jsangl

Introduction

This couple is THROUGH with debt!  It has now been eight months since they announced that they were breaking up with debt.  They have agreed to share their Debt Freedom March with everyone in the hopes to inspire others to do the same!

Here is this month's update.

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.

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!

Readers

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!

Introduction 

Couple #1 is THROUGH with debt!  They have been married for many years and have two children.  They are now ELEVEN months into their Debt Freedom March.

Good/Bad This Month

We are really struggling with the economy right now. We are in sales and am currently way below last year's figures.  For the first time in twenty years, we laid off people in our home office. Things are really scary. On the bright side, we are not carrying near as much debt as this time last year so we are not creating new debt which to me is the most important thing.  I thank God for all we have and pray for those who are struggling way more than my family. Thanks for all of your help and wisdom.

Updated Debt Freedom Date

Month By Month Progress

Sangl Says

Another debt has left Couple #1's household!  The American Express has been kicked out forever.  Nice!

Here is what is so incredible – Couple #1 began attacking their debt just eleven months ago, and they have paid off $20,462!  Way to go Couple #1 – I can't wait to see where you guys stand at the end of your first full year of attacking your debt!

Readers …

How is your own Debt Freedom March progressing?

In my book, I Was Broke. Now I'm Not., I share the story of my Debt Freedom March and teach the exact tools that Jenn and I used to become debt-free.  You can do it too!  You can read the book's introduction HERE.

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I am so PUMPED to be teaching the Financial Counseling Experience TODAY at NewSpring Church!  The Financial Counseling Experience is where I train volunteers who have "the knack" and a passion to help people put together a financial plan that works.  I will be training folks on the process that we have used at NewSpring to provide one-on-one FREE financial counseling to over 800 people in less than two years.

Since I was conducting the training for our NewSpring volunteers, I decided to invite a few other people from around the area to see if they would be interested in attending.  And the response has been …  well … I will be training around 25 volunteer financial counselors today!  And, get this, we will have people representing churches from Alabama, Georgia, South Carolina, North Carolina, and maybe Tennessee! 

As I train our NewSpring volunteers, others will be there to take this stuff back to their churches!

All I can say is WOW.  I can't believe I get to do this stuff for a living!

By the way, this won't be the last time I conduct this training.  If you are interested in starting up a financial counseling ministry at your church and are interested in attending the next Financial Counseling Experience, you can contact me HERE.  And of course if you attend NewSpring Church and would love to become a trained financial counselor, I would love to hear from you!

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