The Secret to Getting Out of Debt

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A couple recently called into the Dave Ramsey show with an inspirational story! They paid off $50K in 22 months to become debt free. What’s the secret?

2 steps to get out of debt

  1. They created a written budget and put their dollars on paper. If they needed to spend more in an area, they realized they had to pull money from another area to stay in balance.
  2. They communicated about spending and made wise money management decisions together.

One of them stated, “it’s a liberating feeling to know where our expenses are going.”

Where are your expenses going each month?

About Jason

Hi, I'm Jason and I started One Money Design over 2 years ago with a passion to help people make progress along their journey to true financial freedom. I've worked as a volunteer financial coach for over 5 years providing people practical financial tips and helping them apply Biblical stewardship principles to their finances. I enjoy spending time with my wife and two children and learning more about personal money management every day. Follow me on Twitter, Facebook and Google +

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