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As a couple we brought our honesty to the table this year with a plan and we are rocking it, we are paying down our debt.
In one month we have paid down $7,600 of debt.
Want to know how? It was real easy.
We were honest with each other. Yes we had debt, yes we had struggled through the winter but we were in this together. You can learn more about our story here.
We set up our budget and brought all our debt and bills to the table. Every receipt and every bill even the gas and the coffee bills.
You can learn more about budgeting in our post Budgeting Like A Rock Star
We balanced our budget and figured out our short falls and where all our money was and wasn’t going. To be honest we were spending a lot of money on eating out.
We cut and we cut big time. I cut the monthly eating out budget to almost nothing. I cut our grocery budget to the necessities. We ate left overs and worked with what we had.
We talked, we brought the budget to the table and talked. We kept the budget conversation open.
I said “NO” a lot and I mean a lot. Whether we were grocery shopping or running errands the common answer to the “I wants” was NO!
We took count of our incomes and how we could increase them. My income was covering the basics and my husband seasonal construction job was starting to pick up. So we leveraged what we had. My husband out sourced his skills and found work beyond his 9-5 and picked up a few side jobs to make some extra income. He also maximized his regular day by taking a few days with higher wage construction jobs. These two changes to our monthly work schedule paid off big time.
We took count and entertained our family with cheap easy family fun. Checkout our post on 50 Family Friendly Entertainment Ideas On A Budget.
We enjoyed some of the most amazing cheap dates. We enjoyed moon lit walks along the beach and through the jasmine flower gardens in a neighboring city. We spent quality time together.
We stuck to our plan and it worked. We did all of the above and we were able to put $7,600 toward our debt.
No matter how big your debt or how hard your situation there is always room for a plan. We worked hard and cut our spending and we saw the rewards so can you too.