We love Financial Fitness! We came up with a mortgage pay-off challenge by coming up with a few steps. 1) The burning desire to become debt-free. We were sitting at $110K of debt (we’ve been able to cut that down to less than half now) and we are now within 12 months of being debt free! 2) Communication with your spouse. 3) Developing a budget and following the budget 4) We use a cash envelop system that helps us stick to our budget. 5) Patience. By following these steps we’ve been able to make a significant difference in both our relationship and our debt reduction.
Ryan and Becky Wooldridge
My wife and I started the Financial Fitness Program in January of 2014. At the time,
our debt totaled roughly $163,000 to include our home. Student loans, personal loans,
auto loans, mortgage, medical bills, credit cards, energy efficient windows, you name
it, we financed it! Fast forward to today, we have one medical bill and our mortgage
left. In two years, with the income we were already making and going through a job lay
off, we still managed to pay off $43,000 of debt!!! The principles work if you work them!
We have set a goal of being completely out of debt by August 10th, 2018! I LOVE telling people this story
to help them start their journey towards financial freedom!