What industry do you work in? Automotive
What city do you work in? Atlanta
What is your experience about? Debt
How much debt do you have in total? 40,000
Tell us your story: Some good decisions and bad timing alongside no planning led [me and my spouse] into the debt, but in 2019 we hit rock bottom a realised how deep we were as a family and quickly took steps to get out of it. We paid off 22k from May 2019 - Jan 2020 and at first, my spouse was not onboard. He had lost his job and was down by himself, he didn’t believe that despite being on a low salary, proper planning could actually get us out of debt compared to having more money and no planning. But finally, in Jan 2020 he is now on board from seeing my silent achievement!!
What is one piece of advice you would give to someone else who is in debt?
Don’t get overwhelmed with the amount of debt that you have, it didn’t happen overnight, so take a deep breath and sit tight for a long ride.
Basic rules for success especially with paying off debt is:
Trusting yourself first
Consolidating all the little balances you have onto a piece of paper, pick the lowest balance and start paying off consistently
If I can do it, you can too with either a small or a big shovel doesn’t matter!