One of the things that I think scares people off from pursuing a goal of debt freedom is the fear of failure. Often times, a debt load seems so big and the journey to rid oneself of that debt seems so long that it seems pointless to even try. That, my friends, is how Fruclassity is different, because Fruclassity understands that success is about consistency.
Our debt story goes like this: Rick and I had been in and out of debt for our entire 16 year marriage. Without any role models and without any personal finance education, we simply had no idea what we were doing. We thought that wealth was about the accumulation of “stuff”, so we set about to having the “stuff” that seemingly “rich” people deemed we should have: new cars, a big house, etc., etc. We’d get in debt and pay it off, get in debt again, and pay it off again.
In February of 2010, Rick called me at home (I’d been a stay-at-home mom since 2004) to tell me he was being laid off. In six weeks, our one income would be gone. Surprisingly, it didn’t worry me – much. It should have: after all, how were we to feed our family of six on no money? We made it through his 7 months of unemployment with Unemployment Insurance and by draining our savings and selling our fishing boat. No biggie, right?
Read the rest of this post over at our new site, Fruclassity.
Yes for consistency! No for procrastination! If we keep on targeting our goals, every goal we’ve planned will later on be achieved. Yes, Laurie?
So true!!!! You’re SO on the right path, Jayson. Great work. 🙂
That’s one tough phone call Rick has made!
I can’t imagine how difficult it must’ve been for him. It’s much easier to be on the other side, I’m sure. Thanks, Money Spot!
Consistency is so important…you just have to keep at it and you’ll attain your goal. Pretty cool to see you have a new site!
Andrew, you are SO right. And, thank you! We are loving it. 🙂
Congratulations on the new site! Will you be running both sites now? Just curious;0)
Thanks so much, Jayleen!! Yes, I’ll still run The Frugal Farmer, and Prudence and I will co-run Fruclassity. SO excited! 🙂
Consistency is really the secret key to reach our goals. Oh, btw, congratulations on the new site!
Thank you, Clarisse! Yes, consistency is more powerful a tool than most people realize.
Thanks for sharing your story, Laurie. Student loan debt is the name of the game for us, though we did finance our two cars as well…what’s interesting is how quickly time passes. Our student loans are for 10 years. I’ve been out of college over 4 years now (hard to believe) and I’m almost to the halfway point on my loans. It’s hard to believe half the payments are done. Time really does fly and even though it can be painful to pay down debt, if you have a plan and a timeline it WILL come to pass – if you stick with the plan.
So true, DC. And sticking with the plan is vital. So many people give up along the way, and end up right back where they started, and it doesn’t have to be that way.
Oh, I love to read your story Laurie! Consistency is really important, this is the best way for you to become debt free.
Thank you, Kate!! So glad you enjoyed the post. Have a great day. 🙂