Today I’m sharing an inspiring story from a fellow blogger. Cassie paid off $10,000 in debt in 10 weeks and explains how you can make similar progress. Enjoy!
In September 2015 my wife and I got married. The wedding and honeymoon were wonderful, but when we came home we had to face our financial situation—and what we discovered was shocking.
We always knew we each had student loans. We met at a private Christian college, both finished degrees there, and later earned master’s degrees. We assumed we’d make the minimum payments until the loans were gone. After running the numbers, however, we realized we owed nearly $200,000 in total debt. Even worse, the minimum payments barely covered interest, meaning our balance wouldn’t meaningfully decrease unless we changed course.
Unless…
One of my favorite Dr. Seuss lines comes from The Lorax: “Unless someone like you cares a whole awful lot, nothing is going to get better. It’s not.” That quote applies perfectly to tackling debt. If you don’t care enough to act, it won’t improve.
Debt can feel overwhelming and paralyzing. But when you commit to eliminating it, you can make real progress. We decided we cared enough to take aggressive action. Once we did, the debt that had been weighing us down began to shrink.
In just the first ten weeks of our repayment plan, we paid off nearly $10,000. Our approach was straightforward: build a budget and plan, create a side income, and adopt frugal habits.
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