Debt Free / Savings Challenge Week 7: Keep On Working Hard

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It’s hard to believe that we are already entering week 7 of our challenge.  The good news for all of you is that this week’s lesson is —- there is no lesson!!  Believe it or not, you have the tools you need to do this.  From this point forward I will be checking in with everyone.

The one thing I did want to talk about are all of those lovely tax refunds that will be gracing your bank accounts or mailboxes soon.  Remember that those are the BEST way to instantly pay down your debt.  Sure, we’d all love to just go crazy and spend it on something frivolous, but it is really smarter to eliminate your debt.  Once you do that, then you can spend as you want — whenever you want!

I’m still keeping track of our eliminated debts.  So, as you pay off a debt, please share with us.  This form is done completely anonymously – there is not any way I can track it back to any individual person.  This is of course completely optional, but I think it would be incredible to see how much debt is eliminated just by all of YOU by December 31, 2012!  Head HERE to fill out the form.

I know that this is challenging – I’ve been in your shoes before.  It is a lot of work and you may feel like just throwing in the towel time and again.  Please DON’T!  You have come so far and I know you can do it.    So, keep on keepin’ on!  You can do it!  Before you know it, you will be able to shout “WE’RE DEBT FREE!!!!!!!!!!!!!”

(I am not a financial advisor and the information listed within these Debt Challenge posts is not to be construed a financial advice.   This is knowledge we gained through our own personal experiences and information as outlined in Dave Ramsey’s Financial Makeover — and is being shared as such.  Participants are not required to follow any steps listed if they do not wish to do so. Financial concerns/issues should be addressed with a professional in order to receive advice and assistance.)

If you still want to save money, check out this list of Ten ways to save on your utilities!!