Wondering How to Be Debt Free? Try these 9 crazy ways to save money and get out of debt fast. This is how we paid off $22k in less than 9 months. It works!
I recently shared my family’s story of paying off $22,047 in less than 9 months. So how did we do it?
Here are 9 crazy things we did to be debt free…
(Before I start, I feel a need to say that I realize that most of the world would consider our “crazy” sacrifices to be a complete life of luxury. Without this financial transformation, I might never have known the deep seeded sense of entitlement I held. I’m so thankful for this fresh perspective and for our new-found “abundance” that allows us to give to those who really are in need.)
9 Crazy Things We Did to Be Debt Free!
1. We cut the grocery budget in half. And then we cut it even more. For a few months at least, I had to let go of my fixation on only feeding my family organic foods for the sake of a bigger goal.
2. When our french press broke, we brought our camping percolator in from the garage to make coffee on the stove top instead of replacing it.
3. I did whatever I could to make money from home. Even though I had a newborn at the time, I gave up sleep to work at nap time and after the kids were in bed to grow my blog, market my book, and do some work in my ‘real’ career field of architecture.
4. When our bath mat unraveled in the laundry, instead of running to Target for a replacement, we just used an old towel instead.
5. When the immersion blender broke, we didn’t replace it. (After 5 years of marriage, apparently everything you got at your wedding starts breaking.) Finally we saved up our “home supplies” budget, and bought this $10 blender on Black Friday.
6. In January 2014 we took the No Spend Month Challenge. I only spent $170 on groceries that whole month! All the money we saved went to making extra payments on our loans.
7. We lived in a 730 sf home with our family of four with very affordable rent. (We had no idea at the time we moved there how directly it would play into God’s plan for us in so many ways!) When the baby decided she needed her own room at about 7 months old, we moved our bed into the living room where it stayed until we finally moved 5 months later. That made it just a little awkward to have company! Oh and did I mention, there was no dishwasher? (First world problems, I know.)
8. We were a one-car family. Every time I needed to go shopping or take the kids to a doctor appointment, I had to load the kids in the car, drop my husband off at the park and ride at about 6:45 in the morning, then go back home, go to my appointment, get dinner ready, then load the kids back up (rain or snow) and pick my husband up again. With nothing in walking distance except wheat fields and a fire station, we didn’t get out much during this time. It was tough, but it was worth it!
9. We didn’t travel more than 40 miles from home for 22 months (and counting).
Of course, this is just a sampling of all the things we did to get out of debt.