If you are new to debt management, check out this post on Beginner’s Guide to Better Money Management.
Thinking of how to pay off debt is stressful and causes sleepless nights. You feel helpless, you are full of worries, and you feel trapped. Debt is such a significant burden in life.
I know this because I have debt. I do not stop thinking of ways on how to pay off debt and how to crush it for good.
Whenever I look at the total amount of debt we owe and think of how long we have to pay it for, I cannot help but cringe. As a result, I sometimes get discouraged (maybe a lot of times). I feel this way because it seems so impossible to get it down to zero. Do you think that way too?
However, what if I tell you that it is possible?
And yes it is possible. Other people have done it, why can’t I? Why can’t you?
When I need motivation, I listen or read success stories. Real experiences from real people inspire me a lot.
Reading about success stories on how other people were able to pay off their debt in such a short time motivates and inspires me to continue tackling our deficit.
In this post, I rounded up some success stories on how to pay off debt of over $15k in less than a year. I carefully chose these debt-free stories because they are real experiences from real people who also struggled with debt.
These stories will provide inspiration and motivation to those who are currently dealing with debt and are struggling to stay the course.
The people behind these stories will not only tell you that it is possible to pay off tons of debts. Above all, they will also share to you the details on how they did it.
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I hope these debt-free stories will inspire you to keep going on your journey to debt free life.
Here is a success story of a couple who had a mountain of debt from their veterinary school. They made some changes in their lives and were able to pay $35,000 in just six months. Check out how they did it.
This is a success story of a couple who was able to pay off $20K of student loan in just 12 months. According to them, it took them a lot of hard work and perseverance. Check out how they did it.
Here is an article about a success story of someone who was able to pay off $40K of student loan in just less than a year by using the right student loan repayment plan. Check out how she did it.
This is a success story of how a couple paid off $31,914.14. These debts came from cars, several student loans, some medical debt
This is a success story of how a couple paid off $15K of debt in a year and was even able to save $6000. They shared some tips on how they were able to do it. Read their full story here.
This is a story on how a couple decided to make the best decision in life to pay off $53,000 in debt and be financially free. In their story, they shared the details on how they did it. Read their full story here.
There you have it!
There are things that the people behind these stories have in common. They were indeed willing to put in the work and stay committed. And most importantly, they were all ready to make sacrifices.
I hope these success stories were able to inspire you on your debt free journey. Moreover, I hope that you were able to learn some things from them and consequently, be able to apply these lessons in your daily life.
I know dealing with debt is hard and will involve a lot of sacrifices. However, you should always remember that these sacrifices are only short term. Most importantly, focus on the long term effect, you will be financially free, and it will be all worth it.
Do you have success debt free story? I would love to hear them.
If you are ready to tackle your debt, let the Debt-Ditchers Workbook help you.