How We Paid Off $15,000 Of Credit Card Debt Using Coupons
I bet I can guess what you're thinking. You're curious what coupons are gonna help you pay off your credit cards, right?
I hate to be the bearer of bad news; but that's not how this works.
But before I explain how it DOES work, I've gotta give you a quick back story.
You see, in 2009 when the economy took a large downturn, my husband, James, received a large pay cut. We already had a couple thousand dollars of credit card debt at the time so things were tight.
In other words, we had a hard choice to make:
Buy Groceries OR Pay Our Mortgage.
I felt like a complete failure.
Correction: WE felt like complete failures.
Oh, did I forget to mention that I was an accountant before I was a mom, so I should've known better?
Yep, I have an accounting degree, plus I was a "Senior Financial Analyst" for an International Healthcare Company for 5 years before I was a stay-at-home mom.
I was in charge of millions of dollars, yet I couldn't manage my own money once I was a full-time mommy.
Here's what happened:
• I love math (hence my accounting background).
• I learned how to use coupons to pay for our groceries and everyday expenses.
• We then used our own cash to pay off our debt.
It took us 3 years to pay that bad boy off.
$15,000 of credit card debt paid off in 3 years with tiny little $1-$5 increments.
But you know what actually helped us pay off that debt?
Not the coupons. (Nope... that was the fuel to get us to the final destination.)
What helped us pay off all that debt was something every single person has the power to do with a pen and a piece of paper:
SET A GOAL.
Yes, you read that right.
We took a sharpie out and we looked at each other and we wrote down the total dollar amount of our debt.
And then we stared at that blasted paper on the front of our refrigerator every stinkin' day. (Over the Christmas holiday we'd tape the sheet to the back side of a kitchen cabinet to hide it from guests.)
Want a bowl of ice cream, hun? **sees debt goal on front of fridge as getting into the freezer**
Daggone debt keeping us from going to Cold Stone Creamery to get yummy "mix-ins".
Anyone want some popcorn? **sees debt goal on way to pantry to get popcorn**
Man, the movie theater popcorn tastes SO much better than this stuff I just burned in the microwave. Dang! I can't wait to get this debt paid off for GOOD so we can go to the movies whenever we want.
Every couple months we'd recalculate the number and we'd cross off the big number and write a new, smaller, one.
I wish I had held on to that paper to show you. But it felt so good when we had paid off our debt and James and I set that paper on fire in a family bonfire one night. And then we roasted marshmallows I got for free, using coupons.
Now, obviously, coming up with $15,000 takes more than writing a number (goal) on a piece of paper.
Those specific lessons we learned in the 3 years paying off our debt.
And I have good news for you: you don't have to use coupons to pay off debt (I've figured out easier ways for you to do it!).
Do you have debt?
Are you ready to take action and get rid of it?
Because I've got one super simple math equation that'll help you have more money left over at the end of the month:
No Debt Payments = More Money Left Over Each Month!
You'll pay off that debt so so SO much faster if you mentally "rip off the band-aid" and calculate your debt. And write that number down. That's your goal number to ATTACK WITH ALL YOUR MIGHT.
NEW FROM THE BLOG:
My kids LOVE macaroni and cheese! How about yours? It goes great with hamburgers, hot dogs, chicken…just about anything! And of course, you can just eat a big bowl of it all by itself! Get your coupons ready and head to Publix to pick up Annie’s Homegrown Mac and...
Pasta night isn’t complete without garlic bread! We like to enjoy Italian night at least once a week! I like to keep Cole’s Bread on hand in the freezer for whenever that time might be! Right NOW at Publix, Cole’s Frozen Bread is BOGO! Print your coupon for $1/2 which...
I LOVE a great chocolate deal! When it comes to chocolate bags, if there is not a way to close the bag, then I’ll just keep eating! But with the new M&M’s bags, there is a resealable zipper! So if you do not have anyone to share with, you won’t feel obligated to eat...
I just love feeding my family healthy free range eggs, but they can be expensive! Hurry and sign up to get coupons from Nellie's Free Range Eggs so you can get this deal starting Weds./Thurs. at Publix! You can get a dozen large free range eggs for only $1.49 each!...
Have you ever run out of salad dressing? Or a marinade for your chicken? You can take some olive oil, balsamic vinegar, some simple spices and whip up a delicious dressing and marinade in just a couple of minutes. If olive oil is on your shopping list, don't miss this...
Isn't it a challenge to keep up with our hungry kids? They just want to eat so much in the summer! Here's our chance to keep up with that challenge without breaking our budget! Starting Saturday, 6/22 at Publix you can snag Dannon Danimals Smoothie 6 pks for just...
A healthy, low carb meal doesn't mean spending an arm and a leg these days. Get your coupons ready for this deal starting Saturday, 6/22 at Publix! You can get Dreamfields Pasta for just 67¢ per box! These are normally $1.99 per box so it's a great savings! Stock up...
Are you breaking out the barbecue this weekend? Moore’s Marinades & Sauces are good on all kinds of meat, but did you know it’s also good on your other dishes like even veggies?! Starting Saturday, 6/22 at Publix, you can score a bottle for ONLY 60¢ each! YUMMY!...
Did you catch my 2-Minute Money Saving Tip this morning on Spirit FM radio station? Each Wednesday I'm honored to share my knowledge about how to get the most for your money in a quick 2 minute savings segment on the Spirit FM 90.5 radio station. During this week's...
It’s time to stock up on dish detergent RIGHT NOW at Publix! It's great for the kids to "help" clean up after all the dinner dishes! Stock up while it’s super cheap and then you won’t mind when the kids want to “help” with the dishes. You can grab each 32.5 oz bottle...
Is your cookbook loaded with recipes that call for cheese like mine? This is one of those products that I am never, EVER “allowed” to run out of! We use cheese for breakfast, lunch, and dinner! I have that Sausage Strata on my mind now for our Saturday morning...
If your family loves yogurt, here is a great deal at Publix on Chobani Tubs and Savor Squeeze! Starting Weds./Thurs. you can grab these Chobani Yogurts for as low as $1 for the Savors and $1.99 each for the tubs! These are perfect for lunches and quick snacks! Greek...
One way I keep the craziness down in my life is to stock up on items that I know I'll need month after month. And feminine items are one of those things. Here's a great chance stock up on U by Kotex Products at Publix going on right now! You can score U by Kotex...
I love to tuck these Larabars in my purse when I’m playing taxi for the kids! I'm the one who can't remember to eat until it's too late, and then I'm usually out running the kids around. Instead of spending extra money on bad fast food, I simply pull out a bar and eat...
A party just isn't a party unless you have disposable paper products because who wants to wash that many dishes! Get your coupons ready for $1 Dixie Plates or Bowls starting Weds./Thurs. at Publix! Disposable plates and parties just go hand in hand but these Dixie...