My wife and I have been applying the Financial Fitness Program for a while now and we just had a major victory. We were able to pay off a $12K student loan. By paying off that student loan, it saved us $11,466 in interest!! That loan would have taken 172 more months to pay off if we were just making the minimum payment. By applying the principles of the Financial Fitness Program, we were able to save up enough money to write a check and pay it off completely and save ourselves all of that interest. Fired up!
Jeremy and Samantha Pethke
We love Financial Fitness! We came up with a mortgage pay-off challenge by coming up with a few steps. 1) The burning desire to become debt-free. We were sitting at $110K of debt (we’ve been able to cut that down to less than half now) and we are now within 12 months of being debt free! 2) Communication with your spouse. 3) Developing a budget and following the budget 4) We use a cash envelop system that helps us stick to our budget. 5) Patience. By following these steps we’ve been able to make a significant difference in both our relationship and our debt reduction.
Ryan and Becky Wooldridge