Marching To Debt Freedom – Couple #1


Couple #1 has HAD IT with debt!  They have been married for many years and have two children.

It has now been two full months since they embarked on their Debt Freedom March!

Here's the update for this month!

What went well this month …

The budget is in effect and being cursed daily.Smile  The debt is being taken out 1 by 1.  Two Cards are ZERO and a 3rd will fall this month The emergency fund is funded.

Challenges and struggles for this month …

It is hard because Christmas is coming ,and I have obviously not looked at a calendar.  I am going to do the best I can to go without in other areas and cut back on total Chistmas spending. This time next year I will have Christmas already funded.

Here is what their updated Debt Freedom Date calculation looks like.

You can calculate your own Debt Freedom Date by clicking HERE!
Sangl says …
The first three months of budgeting are the most difficult.  You are changing your spending behavior and that takes a lot of effort!  I am proud of Couple #1 for sticking to the plan!  The plan will work if Couple #1 works the plan!
Couple #1 gained 0.20 months toward their debt freedom over the past month, but don't miss the HUGE accomplishments!  Two of their credit cards have left AND they now have an emergency fund!  Take a lesson from Couple #1 – BEFORE you go attack debt, make sure that you save up at least $1,000 in a beginner emergency fund.  If you have kids or a house, I recommend at least $2,500!
A note to Couple #1 – You don't have to incur debt for Christmas!  This is THE YEAR and THE TIME that you are changing your spending behavior!  The best Christmas in the world is the one that is a blessing to you and your family.  Avoiding debt will bless your family! 
Way to go Couple #1, you are on your way!
Readers …
Would you write Couple #1 a note of encouragement – especially as to how you have avoided Christmas debt?


  1. Saving Freak on November 6, 2007 at 6:07 am

    TWO DEBTS DOWN!!! You guys are CRAZY!! Way to go. It is only going to get easier and more exciting as you go along.

  2. sydney on November 6, 2007 at 7:40 am

    Homemade Christmas gifts go a LONG way and they are fun for the budget. Creativity is free!! Blankets, pictures, vases, candles, calendars, photo books….the possibilities are endless! 🙂

  3. Karen on November 6, 2007 at 7:41 am

    Don’t you love seeing the BIG 0 sitting in that balance column?!!! And not just one paid off credit card, but two! That’s HUGE! Keep up the good work, ya’ll are doing GREAT!!! Soon it’ll be three……. 🙂

  4. Swaney on November 6, 2007 at 7:55 am

    Great keep up the progress it feels great to see the progress. But all I can say is get as much saved for emergency as you can. We where making great progress and have had a medical setback. But will back in the game after the first of the year.

    God Bless

  5. Moneymonk on November 6, 2007 at 9:45 am

    The hardest part to all of this is saying “NO”. The first 3 months I’m sure couples say NO to things about a gazillion times, practicing on the word “NO” it would do wonders for your bank account

  6. Tina Harkey on November 6, 2007 at 10:58 am

    AS this is only my third month of no plastic…I say congrats! You guys are doing an amazing job!

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