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Debt

How One Guy Blasted $70,000 in Debt Away

By on Oct 29, 2014 in Debt | 1 comment

How did you acquire “$70,000” in debt? What did that debt consist of? Before I started actually paying off my debt, I had nearly $70,000 in consumer debt. My debt consisted of over $50,000 in credit card debt, auto loans, and Jetski finance payments. The auto loan is pretty self-explanatory. I needed to have a car, so I bought it with a loan. The Jetski was a...

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How One Woman Paid off $55,000 in Debt in 3.5 Years

By on Oct 22, 2014 in Debt | 14 comments

How did you acquire “$55,000.00” in debt?  What did that debt consist of? I created my debt, which was all credit card/unsecured debt, very mindlessly, one purchase at a time. I began using credit in my early twenties and spent over a decade accumulating debt before I finally dealt with my unhealthy money habits. I began use credit cards while in college and kept...

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How One Family Paid Off Nearly $110,000 in Credit Card Debt

By on Oct 15, 2014 in Debt | 4 comments

How did you acquire “$109,000” in debt? What did that debt consist of? We were simply naive about money and budgets for a number of years. We continued to overspend, using credit cards to coverage shortages of cash. We used the philosophy of if we could manage the monthly minimal payment of the card we could afford it. I wish I could tell you what the debt was, we...

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How One Girl Dumped $14,500 in Debt While Working in Retail

By on Oct 8, 2014 in Debt | 6 comments

How did you acquire $14,500 in debt? What did that debt consist of? I acquired my debt of $14,500 by simply over spending and not having control over my finances. I would justify my spending as rewards for my hard work. I would over spend on my only child (at the time) out of guilt. I would eat out almost every day. I bought a car because I wanted a nice car and I...

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How One Couple Paid off over $100k in Debt in Less Than Five Years

By on Oct 1, 2014 in Debt | 18 comments

How did you acquire $109,000 in debt? What did that debt consist of? My wife and I racked up $109,000 in credit card debt through thirteen years of constant over spending. That amount represents everything from food to throwing dinner parties, to trips to Hawaii and Mexico. We just simply didn’t have a budget, and supplemented our income with credit cards. What did...

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How One Family Paid Off $30,000 of Debt in 18 Months

By on Sep 24, 2014 in Debt | 4 comments

How did you acquire “$30,000+” in debt? Living beyond our means and feeling entitled to buy whatever we wanted whether we could pay for it or not. We worked really hard and felt like we should be able to have new cars, new clothes, take trips, etc. What did that debt consist of? The $30,000+ was all credit card debt. We also had $70,000 in student loans which we...

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