Ok, this is where the rubber meets the road.
Hey, friends! We have another debt freedom story for you today. Jacob shares a great story on how he and his wife (just out of college and with a new baby) dumped $16k in debt. Enjoy! To read other debt freedom stories, click on our Road to Debt Free page. Read more
Happy Monday! I have another post in what may or my not be a series, The Power of Debt Freedom. Today we’re sharing the story of Amanda from Centsibly Rich. Amanda and her husband paid off $100,000 in debt and are now living life happily consumer debt free. My hope and prayer is that by sharing these stories, you’ll find the motivation you need to start your own journey to debt freedom.Also, if you’re interested in finding out how to start paying off debt when your debt situation is completely overwhelming you, read my article on Centsibly Rich. Read more
Hey, friends! I’ve got a great treat for you today! My friend Brian from over at Debt Discipline has graciously agreed to share his personal story with Frugal Farmer readers. Brian and his family paid off over $109,000 in credit card debt in just over four years! As a token of my thanks for Brian sharing his story, I wrote a post on his site explaining how we got our kids on board with our own journey to debt freedom. If you want to read our post over at Debt Discipline, you can click here. But for now I hope Brian’s story will encourage you to never give up on your own financial goals. Welcome, Brian! Read more
It happened again yesterday, as it’s happened a couple of different times over our journey to get out of debt. I was talking with someone when they shared a story with me that firmly established in my heart why it’s so important we keep on our journey toward debt freedom.
In this most recent case, the story was about a friend of ours. Read more
So, you’re getting tired of the rat race and the paycheck-to-paycheck living cycle, aren’t you. I can tell by that look on your face. You’re tired, worn down, and you don’t want to live life that way anymore.
I’ve been there. Some days I’m still there. But one thing that’s changed is that we’ve now got a plan in place that will help us end up in a financial place where we have enough FU money that we can blow off hubby’s 9-to-5 job and do what we want to do instead of what we have to do. Read more
This post was originally published in 2012 – one of the very first posts I published on The Frugal Farmer – but I find it very enlightening so I thought I’d give you a blast from the past and share it again today. Enjoy!
So, we’ve made it through our first day of DE living. We went grocery shopping. That was an experience, but we did well on our grocery budget so far. But I have to say the biggest hurdle we faced yesterday was in changing our habits. That realization led me to remember a favorite saying I read years ago:
It’s the smallest amount of extra effort that will separate “the good” from “the best”
Do you want out of debt bad enough to deal with the roadblocks, the emotional stresses and the lifestyle changes?
Is having financial freedom important enough to you to give up current habits and lifestyles?
Only you can answer that question. Only you can decide if it’s worth the work to create a more secure financial future for yourself. But before you answer, let me ask you some questions. I want to find out if you’ve ever dared to think ahead to a future full of debt and money worries. I’m asking these questions because asking ourselves these questions is what gave us the motivation to begin our own dumping debt journey. So, here goes: Read more
Balance transfers and consolidation loans can be powerful tools to help people eliminate debt faster. They can also be a train wreck leading to the accumulation of more debt.
How can you be sure that using one of these options to get debt under control is best for you?
Personally, we’ve used balance transfer and consolidation options that have saved us a ton of cash. We’ve also used these options and have had them lead to more debt and bigger financial trouble than we had in the first place.
I want you to avoid the mistakes we made using balance transfers and consolidation loans and to learn how to use them wisely as you pay off debt and build wealth – IF that is the right choice for your individual situation.
Here are some questions you can ask before you sign on the dotted line and reroute your debt somewhere else. Read more
Even though we’re on a very strict budget right now, there is one thing we started paying for in October of 2013 that, although it’s not a need, is very important to us. We signed our (at the time) 14-year-old daughter up for self-defense classes.
This post originally appeared in May of 2013, just 5 months after we began our debt payoff journey. Enjoy!
Often the usually long-term task of paying off debt gets tedious and boring, as I wrote in a post last week. The post last week suggested a few ways to keep yourself motivated, and gracious readers added in the comments area their own valuable advice for staying on track when the boredom sets in. Read more
