Paying off debt is no small task. It is definitely not for the faint of heart. One thing that encouraged me was reading others’ inspiring debt-free stories. They always motivated me to keep on keeping on.
Many of you are walking this path right now. You are paying down debt. You are saying to “no” to some of the niceties of life. You are building a financial legacy that will bring more to your family – more peace, more security, more freedom.
While you know you are doing what is best for your family, sometimes it’s hard! I get it!! Been there, done that. If you have found yourself discouraged in your journey to financial freedom, I hope this post is one you can come back to for inspiration again and again.
Here are 8 debt free stories that will encourage you and keep you motivated. They are real people with real money who found their way to a debt-free life.
1 – How We Paid Off Our House from View Along the Way
The first story is one that always popped up on my Pinterest feed when we first started getting serious about living paying off our debt. We were planning how we, too, could become debt free. Kelly from View Along the Way shared how they paid off all of their debt – even their home – and I have read her story probably a hundred times.
2 – How We Paid Off Our House in 3.5 Years from Domestic Imperfection
Ashley shares very personal numbers in an effort to show you just how much they would have paid if they had done a traditional mortgage payoff, and how much they saved by paying their home off early. I’ve never been one who wanted to pay off my home early since we have a great interest rate. But this post makes me want to crunch some numbers to see if I should rethink my decision.
3 – We Were Tired of Being Broke So We Paid Off Over $52K in 7 Months from Money Peach
This couple got really serious really quickly! They did anything and everything to speed up their debt payoff plan. And it WORKED!
4 – How We Paid Off $22,047 in 9 Months from Affording Motherhood
Shannon shares how her family started strategically paying off their debt. At first they thought it would take years and years, but they soon realized with a few changes to their spending, it would take way less time than they thought.
5 – How We Paid Off Over $45,000 in 17 Months from The Budget Girl
In this post, Ashley shares a brief overview of Dave Ramsey’s Baby Steps and how they helped her pay off debt. Then she outlines EXACTLY what they did! She also has links to related posts sharing tips and free spreadsheets. Yes, please!
6 – How We Paid Off More than $27,000 in 6 Months from the Paleo Mama
While Jacqueline is not finished paying off all of her debt, she writes about how they started and the strategies they are using. Her family has been able to pay off a pretty large number of debt in a short amount of time. So I know they are well on their way to financial freedom.
7 – How We Paid Off $17,000 in Student Loan Debt in 54 Days from Finance Superhero
David was in a job he hated, but he had no option to leave because of his student loan payments. Read how he paid off his debt, lowered his expenses, and is now back to working in a job he loves.
8 – Our Debt Free Story and the Steps We Took to Do It from Simple Finance Mom
Last but not least, here is OUR debt free story. Where we started, where we are now, and the step by step plan we used to help us pay off over $80,000 of debt.
Laced throughout the pages of one of my favorite debt-free books, The Total Money Makeover, Dave Ramsey shares real life stories like these. Stories that are meant to encourage, inspire, educate, motivate. I hope this post becomes something like that for you.
A place you can return to again and again when you feel stuck, discouraged, or defeated. Hopefully, reading others’ inspiring debt-free stories can give you some momentum to keep going. You can DO this, friend!
What is the hardest part of paying off debt for you? What are some of the things that keep you motivated to stick with it?