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Getting Out of Debt Inspiration

February 16th, 2020 at 03:35 pm

I've been watching a couple that's on YouTube work on getting out of a lot of debt. They were behind on their mortgage and didn't know until people started commenting that they needed to get current first!! When you are behind on payments that IS a debt and one that can get bad very fast, potentially losing a home or a car.

They have been gazelle intense on selling lots of things and their house is on the market to sell. They are finding cash in their home, including redeeming Ibotta rewards and credit card rewards for cash and gift cards, things that just weren't on their radar.

They are creating budgets, using cash envelopes, stopping monthly subscriptions and eating out. They shopped at Aldi for the first time. The skipped buying each other Valentine's gifts this year. They are rocking it!! And it's very inspiring. If you are in major debt, or looking to figure out what to do, find those that are making it work and follow their example for inspiration. There are lots of people who live debt free, and are climbing out of debt.

Yes, it's overwhelming to be in debt, but it's freedom to make the changes and strive to live a debt free life! Now go find yourself someone to inspire you if you have lost your way.

Posted in Saving, Debt, Budget | 7 Comments »

7 Responses to “Getting Out of Debt Inspiration”

  1. Wink Says:
    February 16th, 2020 at 04:54 pm 1581872067
    1581872067

    I really love this. One of the couponers I watch on You Tube just put up a video that explained that she had a tremendous amount of debt (credit cards and student loans) and how she was using savings from couponing (in addition to other side hustles) to dig out of it. She has made great progress. It was really inspiring.

  2. Tammy Says:
    February 16th, 2020 at 06:12 pm 1581876755
    1581876755

    I love watching stories like theirs! Can you share the name?

  3. creditcardfree Says:
    February 16th, 2020 at 07:38 pm 1581881903
    1581881903

    Katie and Cullen is the name of the YouTube channel. They make their living on YouTube, promoting brands, so it's a unique situation! But they are genuine people in a true struggle to pay off debt.

  4. rob62521 Says:
    February 16th, 2020 at 08:25 pm 1581884744
    1581884744

    I always like success stories like this!

  5. mumof2 Says:
    February 17th, 2020 at 12:38 am 1581899935
    1581899935

    I love stories like that...I just hope that they learn from their mistakes and stay out of debt when they get there...a lot of people don't learn...

  6. creditcardfree Says:
    February 17th, 2020 at 02:59 pm 1581951557
    1581951557

    mumof2, my guess is this couple will learn. They knew of the Dave Ramsey plan before they got themselves in trouble with bad decisions in spending. They even paid cash for a car early in their marriage. One of their parents even is debt free and taught that to them growing up.

  7. LifeBalance Says:
    February 17th, 2020 at 07:08 pm 1581966499
    1581966499

    I've always enjoyed real-life stories of people whose situation is worse than mine and they're making it happen. Then I know (1) it's possible and (2) I need to stop whining and get serious. It is indeed motivating.

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