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:
Aches and pains can get the best of us all. And the worst of it happens when you don't have any medicine! Ugg, that is horrible! Make sure you get stocked up with this deal on Excedrin starting Sunday, 12/9 at CVS! You can grab (3) bottles for just $1.86 each! That's...
Get ready for all that baking you'll be doing this season with this deal starting Tues./Weds. at Publix! You can score these big 40 oz bottles for ONLY $1.19 each! That's such great savings to stock up! YAHOO! [%printable-list:MazolaOilPublixDeal%] BONUS VIDEO...
Heading to a holiday party? Add a distinctive crunch and burst of sophistication to any party platter with this deal starting Sunday at CVS! You can get these Blue Diamond Gourmet Almonds for just $1.50 per bag! They would make great gift toppers or stocking stuffers...
Need a healthy after school snack for your kids? Make sure you stop by Publix this week and pick up a 6-pack of LALA Kids Smoothies for FREE! Yahoo! [%printable-list:LalaGoodKidsSmoothiesPublixDeal%] Headed To Publix? You'll Wanna Get These Deals Too: ...
You can expect to find TWO (2) Coupon Inserts in your Sunday paper this week: (1) SmartSource, (1) RetailMeNot RetailMeNot (RMN) - formerly RedPlum (RP) Also, don't forget to pull out the Publix Green Grocery Flyer! We've already matched them up with the coupons....
Who else LOVES Ranch?! I use the Hidden Valley Dressing packets not just to make a dressing, but I use it as a seasoning in Pork Chops, pot roast, baked chicken, meatloaf, and burgers. Oh so good! Starting Saturday, 12/8 at Publix we can grab TWO (2!) packs of Hidden...
Brownies and cakes are one simple dish to bring to a party as you can easily spruce them up to look fancy. They are easy to make and NOW they are cheap too! Starting Sunday, 12/9 at Publix, you can score Pillsbury Baking Mixes for as low as 60¢ each! Grab that coupon...
Are your mornings a little crazy too? It only takes a couple of minutes to whip up a batch of these Martha White Muffin Mixes! Then you can pop them in the oven and continue getting ready. A grab and go meal is a must with busy families. Check out this deal starting...
Make sure you have enough cheese for all those easy dinners of soup and sandwiches that you are going to love to make this winter! Right NOW at Publix you can score Borden Cheese Singles for as low as $1 each after BOGO sale and coupon! Don’t miss it! I think I'm...
Here's one of those EASY shopping deals that we just LOVE to find at Publix! Grab your coupon for this deal at Publix! You can score this jug for just $2 which is 60% Off! WOOHOO! Gain is one of my favorite softeners but it can be so expensive, but not this week! ?...
Have you ever noticed that your coughing gets worse when it’s the most quiet during church or the theater?! That’s why I make sure to keep lots of cough drops in my purse at all times! Not just for me but for the hubby and kids too! Starting Weds./Thurs. at Publix,...
Slow the season down a little and make breakfast with the family. It's a great way to get the family all in one place making something to fill your tummies and this deal will sure to please those hungry tummies! Get your coupons ready for 83¢ Simply Potatoes starting...
With everything moms have to try and keep up with, worrying about our diaper supply is the last thing we should need to stress about. Babies can go through so many diapers, we have to learn to save on them! Right now at Publix, you can pick up TWO (2!) Luvs boxed...
Oreo Peppermint Bark Recipe The combination of chocolate and peppermint is irresistible. This bark is delicious and pretty, isn't it? You'll need just a few ingredients. Use a food processor to crush up some Oreos. Don't over process! You want little...
Did you catch my Savings Segment this morning on Fox? I am honored to be a featured on Good Day Tampa Bay each Sunday to share my knowledge about how to get the most for your money! During this week's segment, we discussed five things you should wait to buy until the...