Yikes. It's true. We are newlyweds, 22, and $47500 in debt.
We decided after months of financial arguments in pre-marital counseling that we needed to be in control of our money and not let our money have control of us. In January we looked our $47,500 of debt straight in the eyes and said goodbye (with it went our comfortable lifestyle)!
Since then we traded my new fancy car, killed the credit card and its debt, and now are working our way through student loans.
When we got engaged, I was living my best life. Working full time at a job I didn't love for low pay and doing well saving. Except for the fact that I bought a car and still had a ton of student loans. I look back on that time and wish I would've put all of my money into loans while they weren't collecting interest.
Now we have to pay the price.
We read through Dave Ramsey's "Total Money Makeover" and started budgeting out how we'd make this work. We were scared of making such a big life change because Tom was in the first year of being self-employed and I was our primary provider making $35,000 a year in the # 1 wealthiest county in PA.
We started making changes.
We traded my car.
We started the envelope system.
We made a budget.
We started our snowball.
And now we're sharing our story and tips on how we're getting creative to save an extra buck. This is our journey. If you're in debt too, you're not alone.
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