Debt Free Living Archives - Making Sense Of Cents

18 Debt Free Stories That Will Inspire You

Last Updated: December 29, 2020 BY Michelle Schroeder-Gardner - 2 Comments

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I love a good debt free story! If you are interested in learning how to pay off debt, the 18 stories I’m about to share will teach, motivate, and inspire you.

When I was paying off my $40,000 student loan debt in 7 months, I spent a lot of time online reading how other people paid off their debt.

Because I wanted to pay off my debt as quickly as possible, I knew I needed some extra motivation.

Finding a good debt free story would give me the boost of energy I needed to keep working on my side hustles, finding new ways to save, and put all of my extra money towards debt.

I also learned so many great tips and tricks to help me pay off my debt that I wouldn’t have learned about otherwise. Not all of the tips I read about worked for me, but some did.

By reading other people’s debt payoff stories and learning how to become debt free, I believe that you can find motivation to pay off your own debt. [Read more…]

2 Strategies and 3 Habits That Helped Me Pay Off $93,000 of Debt in 3.5 Years

Last Updated: May 6, 2020 BY Michelle Schroeder-Gardner - 13 Comments

Disclosure: This post may contain affiliate links, meaning I get a commission if you decide to make a purchase through my links, at no cost to you. Please read my disclosure for more info.

Hello! Today, I have a great debt payoff story from Heather O’Donnell of HappyHumbleHome.com. Enjoy!

These days, I’m a frugal living blogger at Happy Humble Home and I provide money saving advice and encouragement to others.

But there was a point in my life, not that long ago, when I thought I would be in debt forever.

When my husband and I got married in August of 2015, we had $105,000 of debt. Since then, we have worked very hard towards our goal becoming debt free and we have crushed $95,000 of our debt.

Along the way, we’ve used 2 different debt payoff strategies and we’ve learned 3 essential habits that have helped us be successful along the way. In this post, I’m going to give you an inside look at how I overcame my giant mountain of debt because I know without a doubt that if I can do this, you absolutely can too. [Read more…]

The Best Debt Payoff Stories – These Six People Paid Off Over $400,000 in Debt!

Last Updated: October 16, 2020 BY Michelle Schroeder-Gardner - 30 Comments

Disclosure: This post may contain affiliate links, meaning I get a commission if you decide to make a purchase through my links, at no cost to you. Please read my disclosure for more info.

Today, I want to share some amazing stories about families that have learned how to become debt free. These are some amazing debt payoff stories that will motivate you to become debt free!

According to the Motley Fool, the average American family has $7,630 in credit card debt, $11,244 in student loans, $8,163 in car loans, and $70,322 on a mortgage.

However, if you think these amounts seem low, these figures also include those who don’t have any debt. For example, when you only factor in those with a credit card balance, the average amount shoots up to over $15,000.

By reading other people’s debt payoff stories and learning how to become debt free, I believe that you can find motivation to pay off your own debt, learn new ways to become debt free, and realize that paying off your debt is possible.

Learning how to become debt free can lead to many positives, such as:

You may finally feel less financial stress.
You can stop living paycheck to paycheck.
You may be able to use that money towards something more important, like saving for retirement.
Reaching debt freedom may allow you to pursue other goals in life, such as traveling more or looking for a better job.

[Read more…]