I Can’t Believe It! I’m Debt Free!

I Can't Believe It! I'm Debt Free!

I can’t believe it! I am debt free!

It has taken me a little over 2 years but I did it. Looking back on my financial situation I can’t believe I let myself get into that mess. I had 2 department cards, a finance company loan, and when I found out I was pregnant with my 4th child, I decided that I needed a bigger car and went out and got a car payment. Becoming debt free has been a journey for me but I started small. Couponing was the beginning to me taking control of my finances. No more going to Walmart and almost having a heart attack at the register when my total ended up being over $200 for a few bags of groceries. I had to get smart about the way I was spending my hard earned money. Then it happened. I noticed a post for a free financial webinar being offered by the Coupon Wizards and I was all over it.

After attending all the financial webinars (all more than once) I was ready to put my new financial plan into action. I started paying my debts down starting with the smallest one liked David teaches in the webinars which were my department cards.  It wasn’t that hard to get rid of my department cards. The balances were not too high because of course they hadn’t given me a very high credit limit.

Then came the finance company. I started paying all my extra money towards the loan and watched the balance fall. Of course when I went in to pay the balance off they tried to get me to renew the loan and basically begged me. I don’t think they were used to people paying on time or even paying their loans off early. To this day they are still sending me postcards trying to get me back in for another loan and have actually sent me a check through the mail. I quickly rebuked that check and put it in the shredder.

Now I was down to just my $419 car payment. Yes, I had a $419 a month car payment. No, I don’t know what I was thinking and if I remember right, the sales man was not even that cute to have talked me into a $419 car payment. Take a look at the picture above. That is $419 of cold hard cash. Can you believe I was giving the bank that much money every month for a car that is nowhere near the value it was when I first purchased it. The car loan I had was for 5 years and with a good budget, couponing, and discipline I was able to pay that car off almost 3 years early. I’M DEBT FREE!! I really did think about screaming that in the bank lobby when I paid it off but I held it in. Now I am on my way to saving up my fully funded emergency fund.

If you are drowning in debt, take some time to listen to the free financial webinars being offered on the site. These webinars opened my eyes to how you really should be handling your finances and how life can be without a creditors hand in your pocketbook or wallet. They are often offered live so you can ask question and if you can not attend the live webinars they are prerecorded and listed on the site. And you get free spreadsheets to start a budget. I liked to listen to them over and over and take notes. David offers a list of books to read about finances and I have read almost all of them. Once that fire is lit to get rid of the debt it is hard to put out. Imagine even with a small salary what you can do with it if you didn’t owe anything to anybody.  I know I will never put myself in a bad financial situation again. FREEDOM!!!!!!!!


Comments

  1. I so wish I could do this! I have listened to the webinars numerous of times but when your bills are more then the bring home I just don’t see it. I don’t think David knows how I can get out of this mess lol

    • Barbara says:

      Trust me Patty…David knows what he is talking about. Depending on your debt and income it may take longer but his strategies do work. Start with couponing to reduce your grocery budget then build from there. If you don’t try something different than what you have always done don’t expect changes. Just saying.

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