Wednesday, November 28, 2012

Video: "Over $100,000 In Debt -- Couple Now Debt Free Without Claiming Bankruptcy"



          


by wisn
Over $100,000 In Debt -- Couple Now Debt Free Without Claiming Bankruptcy


Here are some of the strategies that this family used to get out of debt that resulted from 16 years of overspending. The Hildebrands took drastic measures to meet their goal of being debt-free.

They started eating egg noodles, crackers, and soup. Switched to meatless dishes and quit eating out. They cut the budget to leave $5 at the end of the month. Quit buying brand name items.  Added water to stretch food. They saved $70 doing their own car repairs. Saved $250 by stretching leftovers and eating dehydrated foods. Saved $150 by buying things at thrift stores. Saved $200 by cutting their own hair. Cut out entertainment purchases altogether. Russell got a night job working as a janitor in addition to his job as a chemist. To save on gas money he slept in his car. It took four and a half years to become debt free.

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