Hello! Today, I have a great personal finance story to share from a reader, Lisa. Lisa and her husband paid off $80,000 in debt and saved 20% for a down payment on a home in just 6 years. Enjoy!
This is our story of how my husband and I managed to pay off $80,000 of debt and save enough money to put 20% down on our family home.
It took us a total of 6 years to do it. As you will read in my story below, the first couple of those 6 years were actually spent accumulating more debt than paying it off.
There was definitely a large learning curve for us with managing our money. But, as we started to figure things out, our debt payoff efforts snowballed quite quickly.