Wow! I can’t believe that we are already into Week 5 of our 2012 Debt Free / Savings Challenge! If you are just reading about this for the first time, you can go back and follow the first sets of lessons and get caught up. It is NEVER to late to learn how to eliminate your debt!
So now, you might be wondering, what do I do now? You are going to keep on keepin’ on with paying down your bills. That means we really don’t need another new lesson – yet. Instead, this week, is just a chance for a little break before you do more with your debt.
By now you should have your budget in place and have a plan of action to help whittle down that debt. During 2011, Penny Pinchin’ Mom readers eliminated more than $340,000 in debt! You know what I think? I think we can BEAT that tally during 2012!! What do you say? Are you all up for THAT challenge as well?
In order to keep track of what you have paid down, I’ve created a sheet. You absolutely do not need to share the amount you paid off, however, if you do, it is completely anonymous. I simply ask one question – what was the total of the debt you JUST paid off. Please, please — do NOT include the amounts you want to pay off. This is only for the amounts you have truly paid off. Head HERE to add your debt to our tally sheet!
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.)
Tracie is a stay at home mom to three young children; ages 4, 6 and 8 in Raymore, Missouri. In November 2007, she and her husband decided to eliminate their debt and made many changes in their lifestyle to do just that.
In 27 months, they eradicated over $37,000 in debt through both budgeting and learning how to live a frugal life. She now shares her knowledge in order to help you stretch your hard-earned dollars so you can live the life you want.