Today, I have a great debt payoff story to share from a reader, Samantha Brandon. This is how her family paid off $70,000 in debt in 7 months.
Like everyone else, the pandemic made us take a pause and reassess our lives.
We were lucky. We had great jobs making respectable salaries (I’m a pharmacist and my husband is a maintenance manager). We were so lucky to have purchased a home at the end of 2019 RIGHT before the market hike.
Yet, we were living paycheck to paycheck.
And I know what some of you may be thinking. How can you make six figure salaries and still be living paycheck to paycheck?
Easy. It’s called daycare for two children, student loans, and some miscellaneous debt living in a sunbelt city where living costs suddenly exploded.
And sorry, but no. I’m not moving to another city with a low cost of living, away from all of my family and friends to save money.
So, there we were. Six figure incomes but living paycheck to paycheck despite having a 15 year-old truck, 7-year-old Nissan Murano, a home WELL below our “means”, but still broke.
I’m a firm believer in taking control of your future, so we made some drastic decisions and got to work. [Read more…]