For several years, I have watched in awe as my friend Cherie tackled her family’s monstrous debt with determination, grace, and a healthy dose of extreme frugality. She was the inspiration behind my post on debt free bloggers. I watched, with tears in my eyes, as she and her husband made their final consumer debt payment just last month.
Now that they are completely debt free — having paid off even the daunting student loans — I wanted to share more of their story. The Lowe family has paid off over $127K in consumer debt, including credit cards, car loans, medical bills, and student loans. They didn’t sell anything or inherit in anyway.
It was all done the old-fashioned way — saving wherever possible and taking on more work to increase payments to their creditors. I asked Cherie to share a few more details, along with a few tips for those of us inspired to walk in her (debt free) footsteps. [Continue reading on Babble.com…]