Get Uncomfortable to be Debt Free
- Created on 29 January 2015
Jessi Fearon has been actively working to dump debt since early 2013. She's started the popular blog, The Budget Mama, to help share her real life tips for living on a budget. However, blogging also helps keep her accountable.
Jessi is sharing her in-progress debt free story for today's New Year New You profile.
As she puts it, getting out of debt requires a lifestyle change. Sometimes that change is uncomfortable - in the near term. As you can read from the other profiles in this series, a bit of discomfort is worth the end result.
Debt Free to Follow Your Dreams
- Created on 28 January 2015
Tracey and Wendell McFadden first shared their in-progress debt story in 2012. After accepting a challenge to pay off all of their credit cards before the end of 2012 from their pastor, this couple engaged in a Financial Peace University bible study to work on eliminating their consumer debt.
You could say, they were the original New Year New You story tellers.
Fast forward to 2015 - the McFaddens are debt free and moving on to an exciting new chapter in life.
Shoot for a Debt Free Home
- Created on 27 January 2015
Kim Anderson and her family have the pleasure of waking up every morning in a debt free home. They truly owe no man anything...but the debt of love.
In 2 years, the Andersons did what many Americans spend a lifetime doing - they paid off their entire mortgage. Hallelujah! Just let that sink in for a moment...
I had a good laugh at their "mortgage burning" party. How will you celebrate paying off your home?
Liberated From Credit Cards
- Created on 26 January 2015
April Mims is debt free and enjoying exactly how liberating the experience has been. For today's New Year New You 2015, she's challenging the notion that living in debt is normal in hopes to encourage someone else to complete their debt free journey.
Credit cards keep millions of Americans in bondage to the tune of $882.6 billion or an average of $15,000 per household. April paid her credit cards off and has a strategy in place to avoid having to dig out of debt again. Enjoy her interview and be inspired!
Sacrificing for Debt Freedom's Sake
- Created on 23 January 2015
Kara Robinson and her husband added the total debt - $138,000. "That's a house!" as Kara put it.
We make choices in our youth that have to be addressed at some point. She discussing those choices for this New Year New You 2015 profile.
Rather than be discouraged, they are working together and focusing on a plan to be debt free while taking advantage of every opportunity to use their resources most effectively. Kara is taking-Kara-business and she's chronicling her journey out of debt on Taking Kara Myself.
Student Loan Hindsight
- Created on 22 January 2015
Angela Melpolder is in her late 20's and having to weigh life decisions against managing a fairly large student debt load. She offers a transparent glimpse into just how much student loan debt can strain an early start in life for today's New Year New You 2015.
Angela is young and she's still single so she has a lot of flexibility to be aggressive and creative when focusing on dumping debt. Hindsight is definitely 20/20. Who among us wouldn't make adjustments now that we're older and wiser. I love her willingness to be open when discussing the challenges large loans pose.
After you read her interview, please pass this along to anyone who's considering significant debt to fund a college education. Hopefully Angela's hindsight will help a future college student approach loan funding with clearer vision.
Retire Debt Free
- Created on 21 January 2015
Annette Ramsey (no relation to Uncle Dave - as far as we can tell) is working on a goal familiar to many. She's dumping debt in advance of her anticipated 2021 retirement date. Annette provided insight on her in-progress debt dumping goals for this New Year New You 2015 profile.
Eliminating debt before retirement is a goal we all should have in common. Who wants to spend your golden years managing debt or worse dealing with harassing debt collectors if payment is no longer an option?
If retirement is on the horizon, do not believe debt freedom out of reach. One of my favorite debt free conversations involved Jeff Ehrlich of the Debt Free Squad. He and his wife reminded us it's never too late to begin dumping debt.
They began in their mid 50's and didn't finish until 60 and 61.