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:
If you have a desire to allow your kids to go to college and an empty bank account, don’t worry. You are actually among the majority of college applicants out there today! In fact, more than 60% of all incoming freshmen failed to plan for college. A mere 11% of...
Do you keep a roll of paper towels in your car too? Because Kids + animals = BIG messes. Don't miss this deal to stock up on Sparkle Paper Towels starting Weds./Thurs. at Publix! You can score a Giant roll 6 pack for just $4 each! That's just 67¢ per BIG roll! YIPPEE!...
While I highly recommend that you try all of the delicious food that Disney World dining has to offer, it does come at a high cost. For most, it might not be feasible to indulge in a ridiculous priced Mickey shaped pretzel or Dole Whip Ice Cream. If the price is...
PLEASE NOTE: Publix has changed their minds about this deal. They are no longer including the Vitamin D 400 IU, Adult Biotin Gummy 3000 mcg 90 ct, Potassium Gluconate 550 mg, Magnesium 250 mg, Vitamin C 500 mg, Vitamin D 1000 IU 100 ct or Melatonin 3 mg 120 ct in...
Need to stock up on hair care? I like to stock up so it's one less thing I have to worry about. Check out this deal starting Saturday, 5/18 at Publix! You can score (2) Suave Kids Hair Care for just 69¢ each! YAHOO! [%printable-list:SuaveKidsPublixGDA%] ...
What's Vegan, Plant Based and FREE? Sorbabes Sorbet is FREE right NOW at Publix! You can score (2) for FREE since they are BOGO ending today, 5/15 at Publix! Just load your Ibotta rebate, clip your Publix digital coupon and RUN to the store! It's a great start to...
Publix Deal: 🍃 Splenda Sweeteners As Low As FREE + $1.41 Money Maker (After Ibotta)! (5/15-5/21 Or 5/16-5/22)
Attention Trim Healthy Mamas! This deal is for YOU!! Splenda Naturals is one of the rare on-plan sweeteners and this deal is super cheap so you can stock UP for sure! With these packets in your purse, you’ll be ready for that afternoon coffee break or combine with...
Are you drowning in debt? Are you ready to commit to paying off your debt? Paying off debt can be a real life changer. Not like finding a mystical mermaid with underwater caverns filled with coins and jewels kind of life-changing...but close! It's still...
The summer heat and fruit pops just go hand in hand...well, melty hands but you get the point! When all the neighborhood kids come over to play you can give them one of these Whole Fruit Bars and send them back outside to play! 🙂 Stock up at Publix starting Sunday,...
Our house goes through A LOT of hair care products, so stocking up when it’s FREE is a no-brainer for me! Starting Sunday, 5/12 at Publix, you can score (5) TRESemme Hair Care products for FREE! But you need to make sure you grab the TRESemme coupon from the RMN on...
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...
College can be a rough time in many young adult lives. Trying to manage to live on your own, keeping up with your studies and finding ways to make money to survive can be a huge task. Instead of reaching for another box of ramen noodles you can take some time to do...