J & I have decided to pare down our belongings, stop frivolous spending, and get out of debt once and for all. Thankfully neither of us racked up mounds of debt when we were out on our own for the first time, but that’s not to say we have none. Currently we’re sitting on around $90,000. whoa that’s a big number. it consists of a mortgage and student loans and very small credit card debt. We won’t go into specifics of each (keeping this somewhat private) but I do think that since I’ve searched the interwebs for inspiration and tips, I hope to use our journey to inspire others as well. We’re coupling this minimalistic approach to life in conjunction with our healthy lifestyle change which has been in effect for about a month now.
a few steps we are or will be taking to get where we want to be:
1 – assess where we are and our long term goals
2 – trim the fat (entertainment, eating out, mindless spending, clutter – all gone!)
3 – snowball the debt (we are both subscribe to Dave Ramsey’s way of thinking about money and savings and our legacy)
4 – become debt free, follow our dreams, continue to live as happy as we are now
I am positive there will be bumps in the road, unexpected expenses that come up, and days where we fall off the wagon, but instead of giving in, we will hop back on and get back at it.
have you ever went totally crazy to pay off bills or change your way of living? we’d love any and all tips, tricks, or stories!!