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?