45 Responses to “The Get Out of Debt Free Post”


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  1. We are out of debt too. We just finished financial peace and the best part about the class was getting my husband fully on board with all the things I wanted to do. We are now working on paying off the mortgage and we are building our retirement savings. We even bought a car with cash-so much fun to write that check!

    We use to use credit cards, keep a tally of expenses and pay then off each month but now we stopped that too. I don’t want to support credit card companies in any way, anymore! We are actually spending less-I didn’t even think that was possible.

  2. Courtney, great timing. I’m just in the process of examining my finances and this advice is great. I’m debt free and mortgage free, but still feel like I could be doing more to have a better picture of where and how I spend so that I can focus my money more directly on my dreams – like travel. Thanks for this.

  3. Absolutely doing it yourself is the best way. Don’t pay anybody to help you fix your credit. If you must do something, go through CCCS.

  4. Pat

    Thanks for writing this post, Courtney. We did FPU, the baby steps, and are debt free including the house for 4 years now. It’s awesome to be debt free. I especially love the fact I can pay my daughters college tuition with a check, and no school loans. Today I offered to my son and his fiance to go to FPU and I’d pay for it. The program really works.
    What I think is really interesting is that the almightly “credit score” really is a “I love debt” score, as Dave says. That was a hard thought for me to wrap my brain around. You have to stay in debt and make payments on time to have a “good” credit score. Now I’d rather have cash than good credit!

  5. Jay

    Hi Courtney,

    I’m 25 and will soon begin payments on student loans. I already can’t wait to be debt-free and plan to be just that once I pay off my car (which I hope to sell eventually once I can work without it) and student loans. Definitely not planning on taking any further debt. Thanks for the post.

  6. Hi Courtney,

    Why do people throw so much credit at students?! I had every loan and credit card going and got in a huge mess. I cut all all my cards a couple of years ago, and while I am still paying back some things, it feels good to know my debt is shrinking rather than growing and I’ll never be in that situation again.

  7. Hi Courtney,

    The Financial Peace program has played a huge part in our lives and on our journey towards minimalism. We took the course early this year and since then we have paid off all student loans, credit cards, and other miscellaneous debt. At the end of this year we will have no more car payments and by March we will be completely debt free! For those who are wavering, don’t. The program is common sense and works!

  8. Hi Courtney,

    Hubs and I have been married over 38 years and we’ve saved tons by not having new cars. My volkswagon beetle is 11 years old and still purrs like a kitten;) When it dies we’re going back to one car. How exciting that you were wise enough to follow the plan and walk your talk.

  9. Fiona Leonard

    Perfect timing – exactly what I needed TODAY!

    I love Dave’s budgeting approach for irregular incomes. My husband and I both earn irregularly and I’ve never found a budget planning approach that actually copes with that. His suggestions for both budget planning and snow ball debt reduction both make sense and fit more logically with our income pattern.

    We’re looking forward to being debt free. Bring it on!

  10. Hurray for you, Courtney!

    Our daughter and son in law are doing FPU right now and they’re so excited. My husband and I are planning to take the course soon even though we have been debt free for many years (mostly thanks to my husband’s training from his mother). We love the freedom and choices we have now!

  11. Fantastic post Courtney, it helped so much. I have made a committment : NO UNECESSARY PURCHASES UNTIL MY DEBT IS PAID OFF (see my newly created blog zen-journey.com) and would appreciate your help:

    My question for you is around two items I want to purchase … I am in a dilemma as to whether they are necessary:

    1. Compost Bin. I am a recent gardener (just learning) and have started collecting compost using the bokashi system. However, this requires burying the goods in the garden and letting them compost there. I have a very small garden with little left over room for burying things so would like a proper compost bin. However, I already have the Bokashi system, so is this really necessary? (please don’t say just make a compost pile, I am terrifed of rats).

    2. Vacuum Cleaner. A bit like the above, I already have a vacuum cleaner but its not that great. I have two cats and my girlfriend is allergic to them. I want a better vacuum cleaner (not top of the line, but just a good one as mine is a real cheapy). But – is it a necessity? to be very honest with you, since I have started vacuuming twice a week, her allergies have reduced, so the crappy vacuum cleaner is working. I could live with it.

    I would appreciate yours or anyone’s thoughts so much.

    • Natalia

      Hi, i also have a cat and am allergic (small one) to cat but mostly to dust. Since I have the dyson allergic parquet it really changed my life, i use less eyes drop and can breath better in my apartment. Really a good investment, if i had known before i would have avoid so many problems in the past.
      take care

  12. Courtney Carver

    Hi Catherine, I am excited to check out your site. I can’t really decide if these items are necessary for you, but they sound like good investments. I have two cats and a dog, so a good vacuum is a must.

    I don’t know much about the Bokashi system, but if it works, then I would stick with it. No rats allowed!I think the key here is to be sure that you don’t put anything on a credit card. Save and pay for it.

    You have to decide if it can wait until your debt is paid off or not. All I can tell you is being debt free feels AWESOME!

    • Hi Courtney

      thanks so much. I am still not sure, will think it through. I got my annual bonus today, and did not spend any of it on me. I paid off my overdraft and a hire purchase, and a lot of my credit card. It feels fantastic. I am going to get rid of 500 things in 2011. Thought doing your 333 project is a good place to start.

      Thanks so much. Its great to have other people leading the way.


  13. laz

    thank you very much. this is most helpful. i have hit rock bottom and is now little by little payin off 6 credit cards. i have already paid of 2 and will continue to strive til im debt free. thanks so much for inspiring me

  14. Great post and I like your suggestions and insight. I’ve always been interested int the financial savvy, so I really enjoy your website.

    I always pay off my credit cards at the end of the month…like there is no other way. And use similar methods like you mentioned to pay off my auto and mortgage. I like to think that interest is my enemy.

  15. Great post. I especially love the part about forgiving the mistakes you made in the past. That part can be difficult but is so necessary to really get on the path to debt freedom and financial freedom. Congrats on living weird and being debt free. We’re still working on it but stories like yours help us keep going so we can be weird too :)

  16. kate

    I had 7 credit cards (35k) loaded in May 2012. I’d reached the end. I’d been paying minimums for years, but some big car repairs finally put me over the edge. I totaled up all the cc debt at 15.24% interest and realized it was costing me $4,000 a year just in interest! Facing that fact finally did the trick, and I began to pay off the 1st card. Six months later my car was totaled, which led to a new used car and another 12k of debt, but I didn’t give up. Now I’m into 17 months of repayment. Along the way, I’ve jettisoned all the 15% interest cards and switched them for the 0% transfer balance cards, so I am only paying 1 card at 7% and the car loan at 3.4% ($100 mo. interest). I will be finished by February 2015. It’s been a long haul because I have had to stay home, and it gets boring…boring…boring (but I have become a better cook)! Still, I think you will find that once you are into it, you want to continue and finish just to see what it’s like to be debt-free (not including the mortgage – another story).

  17. Robert Smith

    Hello to all and congrats on your achievement. I wanted to share my family’s experience as well. My wife and I are in our early thirties and 100% debt free. We own are house and cars completely and no credit card debt. However, I would have to disagree with some of you, we still use credit cards for our daily expenses and get the cash back benefits every months (something you don’t get if you pay cash).Anyways, keep up the good work and live life to the fullest, that ‘s my advice!

  18. Thank you Courtney! We just refinanced from 30yr mortgage @4.75% to a 15yr mortgage @3.5%. NO cash out. We have debt and we are paying little by little. The last few years with economy, we used savings and credit. Still, I was shopping. I am now challenging myself to a year of no shopping…I started in November. It’s actually been a relief! Donating, letting go, giving away is changing our home life. I bring bags and bags to donate every week. I am determined to be debt free…even though we have a freshman in college now and a senior in HS who will be going to college in the fall. We are on our way. I believe we can do it. I am listening to Dave Ramsey as well. It’s a joy to let go of the physical, mental & money clutter!

  19. This post is awesome. I am currently on a journey to becoming debt free. I totally understand when you say you felt lighter when you decided to become debt free. Just the hope of knowing that I am working on making a better life for me and my daughter, makes me feel really good. Yes I have had to make a lot of sacrifices, but it no longer matters….debt free is all I want to be. Thank you for this post.

  20. This is a great post! We too used Dave Ramsey’s program to get out of debt. We just celebrated that sweet milestone with a trip to Las Vegas and Los Angeles earlier this month. It was our way of celebrating debt freedom. Of course we paid for everything in cash and are looking forward to saving more and building wealth. Kudos to you and hubby for making it a reality as well!

  21. Toni

    I love this site. I have a question about paying off credit cards. Do you pay off the smallest balance first or the largest? I am struggling to get out of debt. But it is happening slowly. I was guilty of opening a credit account at Sears just to save $15.00 on a purse I bought. I already had an account with Sears, but this was a Sears Discover. I already had a Discover card! I have never used the card since the purse & closed it. I joined the Minimalism movement in February of 2014 and have not purchased anything except food and cat items. I love getting rid of things!
    Thank you, thank you, thank you!

    • Martha

      I also did/am doing the Dave Ramsey program … and he would say to pick the smallest balance first, pay it off; then use the payments you were making toward that smallest balance and add that to what you are paying on the next card etc. This allows you to have some quicker positive feedback … getting ONE Thing paid off can feel pretty good when you have tons of debt.
      As Dave says, mathematically it works best to take the debt with biggest interest rate and focus everything extra there. But, that paying off debt is a BEHAVIORAL challenge, not so much a math challenge. We all need that positive reinforcement quickly, whether it’s paying off debt, losing weight, etc. to keep motivated and moving forward. Best of luck, it is definitely worth it!!
      –Martha (paid off 2/3 of my debt – $10K – in last 10 mos)

  22. Steph

    I make $9.20 per hour which is 10 cents above minimum wage in my state. I get between 20 & 40 hours per week. My mother provides free childcare. I have atleast $20,000 of debt. I live at a place that I can’t even afford the rent of $450 per month. And I have a disability and a toddler so it’s not like I can get a second job to work really hard to make extra money. I can’t see how I could get out of debt. If anyone has ideas I would appreciate them. Thank you! I can’t wait to have a debt free story too.

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