How We Got Out of Credit Card Debt

“A man in debt is so far a slave.” – Ralph Waldo Emerson

Debt can be debilitating. Trust me, I know from experience. In the past, I’ve always been good about paying off my entire credit card bill monthly. However, when you get married, it’s a lot of additional expenses that you may not be able to afford right away.

Our wedding was unbelievably cheap compared to the average wedding cost today, but still lead to credit card debt.

Here’s how we got out of credit card debt in 4 months:

  1. Set goals! The only way you’ll get out of debt is if you set goals. We decided we wanted to have our entire credit card debt paid off by the end of February 2017. So, in order to hit that goal, we knew exactly how much we needed to pay off every month.
  2. Put all additional money to debt. Any and all additional money that came in was put towards our debt. Wedding money, bonuses, tax return and contract income were all used to pay off the credit card.

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    One of our wedding gifts from my hilarious friend, Sue Ann!
  3. Don’t overspend monthly. It seemed like every month we paid our bill down and the next month it was right back where it started. Unfortunately, we were overspending every month. So, we had to go on a cash diet – limit our entertainment budget significantly and going out to eat.

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    Instead of going out, we started eating all of our meals in. 
  4. Create a monthly budget especially around the holidays. Our debt hit around the holidays and it can be extremely difficult to pay off debt while trying to buy everyone Christmas gifts and do holiday activities. So, we set a budget.

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    Santa came to visit me and brought some affordable gifts
  5. Don’t try to keep up with the Joneses. While all of our friends were getting expensive cars and fancy new technology, we lived as debt-free as we could. That meant doing without things we really didn’t need.
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