We have been implementing the defense part of the Financial Fitness Program and
we were able to eliminate our first loan today. It was a small loan in the amount of
$4,500. I was able to go into the bank today and make the last payment on it. So now
I can take that amount and apply it to the next largest loan and just continue on the
path towards debt freedom.
My husband DJ and I really started applying the principles of the Financial Fitness
Program in November of 2014. We started our debt snowball by selling a costly truck
and purchasing an old van for cash and applying that payment to the snowball. Then,
we decided to ramp things up and we sold a rental home and a duplex that we owned.
Using the equity from that, we paid off about $230,000 worth of debt and have the
lowest monthly expenses we have ever had in our marriage. We also have two months
of expenses saved up. Unfortunately, we still have a student loan and a credit card left, but with the
money and knowledge we now have, those debts will be gone before we know it!!