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Save Money & Slay Debt

You are here: Home / Freedom Friday / Freedom Friday: Debt Snowball Keep on Rollin’

Freedom Friday: Debt Snowball Keep on Rollin’

Tips like these helped us pay off $127K in debt. You can read our story in Slaying the Debt Dragon: How One Family Conquered Their Money Monster and Found an Inspired Happily Ever After.

July 30, 2010 By Cherie Lowe

Greetings, Money Saving Lords and Ladies, it’s my favorite day of the week – FRIDAY.  I’m back with a bit more of our story this week, hoping to inspire, encourage, and make you laugh a little.

Hey everybody. So glad you stopped by today. Freedom Friday is when I bi-weekly let you in on how we’re doing with our pursuit of paying off debt. It’s also when many of you have e-mailed me with your story (with either “Freedom in Progress” or “Freedom Achieved” in the subject line) so I can share your story to encourage others, too.

I can’t believe this is the last Friday in July.  The Eldest Princess goes back to school in less than 2 weeks.  {big sigh}.  The summer has blown by at rapid pace.  Part of me welcomes it.  I love the fall – with its trips to the Apple Orchard, Football (GO COLTS), and soup.  And nothing makes this frugal girl’s heart happier than cheap office supplies at Back to School and eventually Black Friday.  Even still, I’m a bit amazed that the year is more than half over.

Looking at the numbers of 2010 (specifically the summer), I also continue to be amazed at what we’ve been able to pay off and ways we’ve been able to increase our income and intensity at paying off debt.  Just in June and July, the evil sorceress Sallie Mae (our last debt in the debt snowball ala Dave Ramsey) has lost  4,610.52 pounds.  Her summer diet isn’t over yet, either.  And yet, she’s still SO big.  {repeat big sigh}

I know many of you are also hard at work this summer to pay off debt.  You’re sacrificing.  While everyone is talking about the summer blockbusters they’ve seen, you’ve been satisfied with catching just one of those flicks (or maybe none at all while working the DVDs at the library or redbox instead).  Others are talking about expensive trips and you’ve been kicking it at home.  Friends are eating out and it’s cereal night at your house.  It’s not easy but it’s so worth it.  And in the long run, you’ll be thankful that you did.

Over the last 2 years and 4 months, I think that I’ve learned a lot about contentment (while I’m sure I still have many more lessons to learn).  I’m over the moon about a free packet of BBQ sauce that came in the mail today.  Or I’ve found something like Swag Bucks and been able to score a free iPod Touch {honestly, I still can’t believe that happened}.  On our fridge pinned together are all of the final notices for bills we paid off in the debt snowball.  Attached to it is a pin that says, “To Have More, Desire Less.”    Over $60 in debt ago, I still didn’t think I had enough, even though I truly had a lot.  Now, I’m pretty cool with what I’ve got.  It doesn’t mean I don’t get the gimmes from time to time but I do think it indicates a little something I’ve learned along the way.

What about you?  What have you learned that you didn’t expect in paying off debt?  Don’t forget to e-mail me with your stories of Freedom in Progress or Freedom Achieved.  We want to celebrate with you or commiserate with you.  It’s all about being in a community that’s headed in the same direction because we are stronger and louder together.  Thanks for being on this journey with us.  Until next time,

Be a Money Saving Lord or Lady! Join us daily for savings, tips, and fun @ The Queen of Free.
www.queenoffree.net

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My book is now available: Slaying the Debt Dragon: How One Family Conquered Their Money Monster and Found an Inspired Happily Ever After. You can also check out The Debt Free Devotional: 30 Days of Encouragement From the Bible For Those Paying Off Debt on Kindle.

This post contains an affiliate link. That means when you get a great deal or maybe even something for free, you also help our family pay off our mortgage early. And for that, we royally thank you!
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Cherie Lowe is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.

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Testimonials

  • Margaret FeinbergMargaret FeinbergAuthor of Fight Back With Joy

    "Cherie Lowe is a gifted writer, researcher, and thinker who lives what she teaches. Her inspirational story reminds all of us that we don’t have to fall prey the debt dragon. Living debt free is possible if you follow Lowe’s sound and practical wisdom."

  • Ruth SoukupRuth SoukupLiving Well Spending Less

    "When it comes to saving money and paying off debt, Cherie not only talks the talk, but truly walks the walk! Sharing easy-to-implement ideas along with a dose of tough love, Cherie leads with the perfect combination of empathy and authority. If you are struggling to pay off debt, you won't find a better cheerleader."

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