In this series, NerdWallet highlights people’s debt payoff journeys. This month, Jae Bratton recounts how she and her husband brought a laser focus to wiping out debt, motivated by hopes of starting a family.
My story of ditching more than $53,046 of debt on two teachers’ salaries is one of pain, perseverance and cooperation. But it’s also very much about love. My husband and I began paying off debt soon after our wedding in 2016, and we made the final payment three years later, right before our son was born.
I was adamant that we wouldn’t start a family until we zeroed out the debt. Rumor has it that kids are expensive, so I wanted to free up space in our budget for the inevitable medical bills, child care and college fund.
That rumor turned out to be a stone-cold fact.
Our four main strategies provide a roadmap for others working toward financial independence.
1. Create a battle plan
Debt is an opponent, a monster to slay before you can move on to the next level. It requires a…
This article was written by Jae Bratton and originally published on www.nerdwallet.com