Real talk! When reevaluating your personal finances, some of you (like me!) might be busting your ass, trying to pay off your debt, like yesterday. Becoming a debt free household is so important to myself and my husband – we have a goal to be 100% debt free by 30, and it is going to happen!
In our hunt for resources, tips and best practices, I’ve realized a few things.
The first is that everyone is different, therefore your best practice might be completely different than mine, and that’s okay! It’s important to accept this and make adjustments as necessary to meet your needs as a family. The second is that sometimes people do some serious stuff, like selling their second car for example, to knock off a large sum at once. Awesome method, if you can make it work, but it’s just not in the bag for us. At first I was jealous of this, like WOW – knocking off $20,000 + of debt in one day, how liberating would that feel? But on the other hand, we do need two cars and it would be miserable without them (we did it this summer for a few months while we saved to pay in cash for our second car – it was brutal!).