by Kim | Jan 21, 2019 | Debt Free Challenge
Hi, everyone. In today’s installment of the Debt Free Challenge we’re going to take a look at credit card debt. As stated in an article in Yahoo Finance, the average American household is carrying $7,000 in credit card debt, up from $6,081 in 2017. You can read more...
by Kim | Jan 17, 2019 | Budgeting, Debt Free Challenge
Welcome back! By now you should have completed the Debt Assessment worksheet and started writing out where you are spending your money. If you have not done this, you should complete that part of the challenge before moving forward. It’s really important to know how...
by Kim | Jan 14, 2019 | Budgeting, Debt Free Challenge
Welcome back to the Debt Free Challenge. Today we’re going to focus on determining your debt payment strategy. We’ll look at 2 of the most well known methods for clearing debt–the Debt Snowball and the Debt Avalanche. Both methods are structured to pay off debt...
by Kim | Jan 10, 2019 | Debt Free Challenge
Welcome back to the Debt Free Challenge. Before we get to the nitty gritty of actually writing your full budget, there are a few other things we need to cover. I’m relying heavily on what Dave Ramsey refers to as “Four Walls” in this part of the Challenge. Four Walls...
by Kim | Jan 7, 2019 | Debt Free Challenge
Welcome back to the Debt Free Challenge! Today we’re going to cover the first 2 of the worksheets in the Debt Free Challenge workbook. If you have not already received your email with the link to your copy of the workbook you can sign up for it here. Ready? Let’s get...
by Kim | Jan 3, 2019 | Debt Free Challenge
Welcome! I’m happy you’re here-it means you’ve decided you want to begin working to get out of debt!! This was my New Year’s resolution at the beginning of 2018 and I’m happy to say I was able to keep that resolution. I made my last consumer debt payment on...
