A Big Debt-Free Reward

The following was written by my wife two weeks before we moved, two months ago. JM Background I am proud to call myself a mom, a wife and a teacher. I have carried the label of teacher for more years than the others and absolutely know that I chose the perfect profession for myself. I’ve been teaching for thirteen years now. I’ve also been happily married for nine years and am a mother to two girls, aged eight and three. My husband and I worked diligently together to become debt free. Well, he did the work and I was supportive (and along for the ride). Anyway, we did it. We paid off all our car loans, student loans and consumer debt. All the while I was happily teaching at a school that I loved that my oldest daughter also attended. Life didn’t get any better for me. Great job…check. Daughters both happy and thriving in ideal environments…check. Debt free minus the mortgage on a house I love…check. Husband, the breadwinner of the family, loving and thriving at his job…………………no go. Thus Began His Job Hunt So began a months-long job search focused in the area where we lived. Frustration, worry, … Read more

Married… and Almost Out of Debt


The following is a staff writer post from Libby Balke.  She’s an amazing writer, work-at-home mother of two, and has been married almost 8 years.  Please leave any questions or comments below for either Libby or Crystal.  🙂 When my husband said, “I do” – now nearly eight years ago – he wasn’t just agreeing to make me a part of his life til death do us part. He was also agreeing to take on the $55,000 in student loans I’d amassed during my undergraduate and graduate school years. It was a big change for my husband; as an athlete on scholarship, he’d attended the same school as I did, but without accruing a single dollar of student loan debt. For the first three years of our married life – the so-called “Newlywed” period – we didn’t worry too much about that original student loan debt. In fact, we made very little effort to pay off the debt, with the exception of the bare minimum monthly payments. During that period, we applied for (and were approved for) loan after loan after loan. First it was one vehicle loan, then another; we took out a loan for our first house back … Read more

We Did It: Debt Free

After nearly eight years of stops and starts, forward progress and steps backwards, we did it. Over $100,000 in consumer debt has been paid off to get us debt free (minus house), including student loans, two new cars, 3 international trips, a wedding, furniture, and other various expenses that come with having two kids. We did it by creating a debt payoff plan, tracking our progress, and most importantly, working together. We stopped treating each person’s debt as a separate problem. “My” debt became “our” debt. We combined finances and efforts. We paid off debts from smallest amount to largest to build momentum. We even did it despite my wife losing her job and taking a lower-paying one. Even though some told us that debt was normal, that it was okay to keep some around in order to free up cash-on-hand, we saw the writing on the wall in 2008 and no longer did we want to be slaves to large banks, entities that seem to become more threadbare as each year passes. We wanted to be debt free. We had grown tired of renting our life, and although we made a decent salary, we had nothing to show for … Read more

Frugal Living is All About Creating the Debt Free Magic in Your Life

This site is about helping people, both financially and in all aspects of their lives.

Because I want this site to be a community, you will see from time to time, guest posts from readers and fellow financial bloggers.

Below is MW/Debt’s first guest post by Martha Jackson – thanks Martha! – John

Frugal Living is All About Creating the Debt Free Magic in Your Life

Frugality is more of a magic that helps you recreate life, a debt free one. Frugal living helps you save more money than you could through an ordinary budgeting plan. Thus, it also helps you to reduce expenditures and provides you the means to pay off debt.

Once you are in debt, becoming debt free may seem to be a tough job, but if you have additional money in hand, you can use it to become debt free.

Being debt free can be peaceful, so why not practice frugal living?

Read moreFrugal Living is All About Creating the Debt Free Magic in Your Life

Debt Freedom – 7 More Months!

Photo by where_ever_i_am_ via MorgueFile - used w/permission

Happy New Year everyone!

One of the reasons I started this site is to share my journey towards debt freedom (defined here as no debts except home mortgage).

Yes, I know that true debt freedom means paying off your house too, but most personal finance “experts” save that milestone as an upper-echelon, extra credit assignment.

I feel the same way.

Becoming debt free (minus the house), for us, means that we will owe no money for student loans, cars, credit cards, or personal debts. Like a small army, we marched down the Debt Warfare path, turning small victories into momentum.

Read moreDebt Freedom – 7 More Months!