Update on our Debt Free Journey

Last year I blogged about our debt free journey…how we paid off $97K in non-mortgage debt through Dave Ramsey’s Financial Peace University.

And last year was our first year of leading FPU at our church. We truly enjoyed helping people starting their journey to get out of debt. We had couples and single people. We had people who had no idea where to start and we had people who were close to being debt free and just needed a bit more guidance.

One of the participants said:

I came to FPU with credit card debt, a home equity line of credit, student loans and ZERO savings. I can’t stress that enough. I had ZERO savings. I couldn’t believe I had made it this far in life without a significant “financial” emergency. Somehow I kept getting by. And by “getting by” I mean getting further into debt.

Can you relate? I mean, we could. We had investments. But we had no savings. Like, we need emergency money tomorrow savings. We would just put those emergencies on a credit card and the pay that off. But still…we put them on a credit card.

We became debt free last year and now, we’re on Baby Step #4, 5 & 6…which is:

4. Invest 15% of your household income in retirement

5. Save for your children’s college fund

6. Pay off your home early

With moving this past year (which I must say, we wouldn’t have done unless we were debt free), we weren’t as on it as we should have been, but we’re refinancing our new house right now with a goal to pay it off in 5 years. With that, we’re putting money towards college for our three kids and getting retirement boosted up.

And that participant I mentioned above, found themselves in a good spot after the class.

I feel so free. No anxiety, no more stress. Less than a year later all I have left to work on is a small amount left on my student loan. I can’t recommend FPU enough! YOU. CAN. DO. IT.

We’re leading FPU again this fall at Bethany Lutheran Church. We start September 14 at 6 p.m. The first class is on the house….come check it out. Either way, we need you to register and you can do that right here.

Questions? I love answering them! Shoot me a message and ask away! If you ever wondered what it would be like to not have a car payment, send me a message.

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