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How They Split Debt
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How They Split Debt
These people tamed debt in their own way. Check out their tales to you in your own process of paying off debt.
By Amrita Jayakumar Writer The Washington Post Amrita Jayakumar is a former special-assignment writer for NerdWallet. She also published a syndicated article on millennials and money, and focused on personal loans and consumer credit as well as debt. Prior to that, she was an editor at The Washington Post. Her work was published within The Miami Herald and USAToday. Amrita holds a master's diploma in journalism from the University ofMissouri.
Editor: Kathy Hinson Lead Assigning Editor Personal finance, credit scoring, financial management and debt Kathy Hinson leads the Core Personal Finance team at NerdWallet. In the past, she worked for 18 years working at The Oregonian in Portland in capacities such as chief of the copy desk and team director of design and editing. Prior experience includes news and copy editing for several Southern California newspapers, including the Los Angeles Times. She graduated with a bachelor's in mass communication and journalism in Iowa's University of Iowa.
The majority or all of the products we feature are from our partners who compensate us. This influences which products we review and where and how the product appears on a page. But, it doesn't influence our evaluations. Our opinions are entirely our own. Here's a list and .
Two teachers raked out More Than $53,000
Jae Bratton and her husband
This rumor about children being cost-conscious? Fact! That's why Jae Bratton and her husband, a fellow teacher was focused on paying their debts over the three years prior to the birth of their first child.
From $20K to 0 in 5 years and 8 Steps
Photo by Jonathan Sharpe
It took some years -and nearly every method in the book- for Kenley Young to wipe out more than $20,000 in charge card debt. Over that time Kenley Young learned a lot about how the pay-down goals can clash in reality major life events. Now , as a NerdWallet editor, the author shares what tools made the biggest impact on his journey to reach $0.
Achieving a goal can lead to Helping Others
Photo from Sandra Leigh Photography
The gift of a book about personal finance prompted Holly Carey to get serious about understanding and removing her debt. She was introduced to zero-based budgeting and cut costs whenever possible, like sharing a room with a friend. After squeezing out more than $55,000 in just 26 months, she felt compelled to share advice to family and friends- and eventually landed a job as an editor at NerdWallet.
The Pandemic Following Payoff Tests Increases Couple's Resilience
A few months before the COVID-19 pandemic hit across the United States, Anthony and Jhanilka Hartzog paid off their one-third of their $114,000 debt. They'd devised an income-producing budget that was beneficial to them, created additional income streams, and benefited from a less expensive cost of living as a result of a move between New York to Dallas. We checked in with the Hartzogs two years later -- were the Hartzogs able to stay debt-free in the face of an epidemic that has strained the finances of numerous families? And what tips can they offer to others hoping to ditch debt of their own?
Downsizing the Home, Growing the business
When job loss reduced household income for Karen as well as Sylvester Akpan, the couple decided to sell their Los Angeles-area home and invest in an RV. They concentrated on expanding their travel blog and an associated Instagram account and were able eliminate their debt within a year. Their path is unusual, but points to an underlying truth: reducing costs and generating more income means more cash to pay off debt.
Getting On Board With a Budget for Baby
Former zookeeper Steffa Mantilla says she did not employ any animal training techniques to convince her husband to join to a debt reduction program.
Although she may have convinced him to stay, the Houston couple had paid off more than $70,000 in debt in five years. The anticipation of having a baby served as a catalyst for their financial transformation.
Trimming Small Expenses Achieved an Objection of Majority
Refinancing students loans was the start of the payoff journey for Neal and Laura Fogarty. They then began looking for expenses to trim so they could put every extra dollar toward ditching debt. They paid off $36,600 over eight years.
Rebounding From Bankruptcy
Rashad and Nirvanna Muhammad carried student debt and financial struggles when they got married and started their family. After a bankruptcy experience and a refocusing of their priorities, they and put in the effort to pay off $179,000 in less than four years.
Maintaining a 'Passion for Fashion on the Road to Repayment
The prospect of a fresh start to her life -having a home and family -- prompted Caitlin Forni determined about paying off her debt. Caitlin Forni paid out $123,000 of auto and student loans over the course of nine years.
A Spender, a Saver and Dreams of a Family
After Kendall Berry and her husband started planning for kids They became serious about paying off their debt. This is how they paid off nearly $54,000 in less than an entire year.
"Happiness Journey" Fueled Payoff
(Photo by Abby Bengs)
After incurring more than $200,000 in debt from student loans to attend law school, Okeoma Moronu decided that she wanted to take a purposeful approach to her financial and personal life and wiped out her debt in six and one-half years.
From 'Extravagantly Bloke' to Comfortably Frugal
DeShena Woodard, a nurse from Texas, had nothing in savings and lived from paycheck from paycheck to paycheck, until she changed her habits and paid off more than $50,000 in just three years.
Small Splurges on the Path to Freedom
Brian as well as Lindsey Baldwin wiped out $130,000 in student loans in under four years. They even managed to buy a few treats for their families along the way.
Small wins can help you achieve an enthralling Dream
Bernadette Joy as well as AJ Maulion had paid down student loans and two mortgages, a staggering total of $309,800, while creating a small-sized business. The secret recipe is simple: live on one income and celebrate the small victories.
Whipping Up a Payoff 'Tornado'
In the event that Steven Donovan didn't want to put his debt data into a budgeting app, he knew he had to act. Attacking his most-hated debt allowed him to pay off $118,000 within five years.
"I Just Pretended That I Didn't have Money'
Sarah McGowan's dream was to get out of student debt by the time she turned 25. By living a low-cost lifestyle right out of college and working every chance she could, McGowan got rid of a little over $36,000 in debt in just two years.
'It Made Our Marriage So Strong'
(Photo by Amelia Campbell Photography)
Ray and Bailey Robertson paid off over $33,000 over the course of 18 months due to a determined strategy, lean lifestyle, close partnership and plenty of planning.
Redefining 'Best Life,' The Scaling Back
Sonia Sears ended up deep in the red as she sought the "best life" at the college years and after. However, she was able to conquer her debts through working more while traveling less, and then moving back to her home. She paid off $79,000 in just over two years.
The Frugal Lifestyle is Kicking into High Gear
Ben and Melissa Panter were always frugal However, when they had to face an enormous mortgage and increasing students loan debts, they realized they needed to shift their frugality into high the gears. The Panters paid off $127,000 over almost four years.
Food Planning, Side Jobs and Faith
(Photo from Brok as well as Amanda Hansmeyer)
In their roles as teachers Jamie and Jenna Griffin were overwhelmed by student loans. They employed the budget and work hard to pay off more than $100,000 over five and one-half years.
How to Make the most of a Gig Economy
(Photo by Shane Henderson)
Kara Perez doubled down on part-time work to pay off student loans valued at $25,302 over three and three and a half years.
Holiday expenses can eat away at a couple's budget
Christmas gifts piled over existing debt convinced Anthony Hartzog and his wife to take action and pay off $114,151 in 23 months.
Affordable Living as well as Side Gigs
With careful budgeting, while working full-time , and supplementing her income, Tanya Nwamkpa was able to pay off $57,000 over five years.
"We have Choices Again'
Their finances started to skid after a job loss in 2009. Despite a few blunders, Adam and Sally Cleary have gotten out of more than $11,000 in high-interest debt.
Resolving College Credit Card Balances
Natalie Tomko aimed to pay off $50,000 credit card debt by her birthday of. It took her six years, a plan for hardship and community support to do it.
Changing Habits, budgeting for a baby
After they discovered a baby was on the way The Baggerlys changed their spending habits and began budgeting. two children later, they have paid off $111,108.
Smart Solutions for 'Stupidest Decision'
Cameron Merriman paid off $95,000 of student loan debt in just five years while living in one of the most expensive cities in America.
'It Became Like a Game for Us'
Josh as well as Jessie Boyce paid off $147,000 in debt in a little more than three years after realizing that debt was keeping them behind in their financial goals.
A Medal-Worthy Olympian's Olympic Juggling Act
John Coyle's debt of $147,000 helped finance his Olympics campaign, and after being offered a six-figure job, Coyle paid it off over 15 years.
Affirmative Concentration on the End Goal
New college graduate Samantha Ealy paid off more than $70,000 in a little under three years -- working multiple jobs and, at times, neglecting her health.
Becoming a Budget Obsessive
A mix of student loans and an auto loan and credit card debts and home improvement loans left the Browns with a debt of $72,000 which forced them to come up with budget.
Engineer Goes Old-School With Pen and Paper
Despite receiving scholarships, Brianna Harrington graduated college with $40,000 college loan debt. Determined to eliminate it she devised an ambitious budget plan to pay it off in 26 months.
Setting Pride Aside and Asking for Help
Jesse Nuno was laid off during the financial crisis and fell behind on a mortgage as well as auto loans. Cara could not pay her debts because of her disability. The couple turned to a credit advisor to pay off $272, 261 over five years.
A Wish List kept her on track
(Photo taken by Jim Gion, 2015)
Melanie Lockert decided to pay out $57,426 in debt and encouraged herself to do so by writing wish lists of things she'd like to be able do when she was debt-free.
'Born Spender' Goes on a Spending Fast
Anna Newell Jones entered married life with a debt of $24,000. She pushed herself to spend rapid pace and paid it off in just 15 months.
New Parents Quit Credit Cards
Lydia Senn and her husband claimed they didn't have a lot of debt until they became pregnant with the first of their children. Being a thrifty couple, working part-time jobs and budgeting helped them pay off $36,000 within just two years.
Grad Gifts Gift to Her Future Self
Ogechi Igbokwe didn't want to become a students loan statistic. To ensure her success, she lived frugally and had paid back $26,000 within three years.
Financial Goals are Family Goals
The newlyweds Nicole and Andy Hill saw debt as an obstacle to reaching their goals. The couple turned budgeting into the norm and erased more than $50,000 in debt in just one year.
No sleep for new parents until they get their payoff
Chelsea and Nate Day ended up owing her family $52,000 due to an unintentional home purchase. The family debt left the Days nervous and they cut their expenses to pay it off in six months.
Homemade Tracker Kept Her Cooking
Chef and food writer Stephanie Stiavetti racked up debt to pursue her culinary dream. But she knew the if she did not change her lifestyle, she'd end up burdened with debt of $64,000 for decades.
Newly Single, 'I Knew I needed to help myself'
At the age of 25 Carrie Smith Nicholson found herself divorced and in debt of $14,000. Carrie Smith Nicholson realized that she needed to get an extra job, cut back on spending , and get her way out.
Learning to be a student with Student loans
After graduating from college, Kara Stevens found herself in the middle of the burden of student loans along with credit card balances. After she learned about debt, Stevens resolved to deal with it head on, and paid off $65,000 over six years.
Extra Payments Became Her Obsession
When Jackie Beck lost her job and was unable to pay for food and housing She was forced to pay off her bills. Beck became obsessed with tiny payments and paid off $147.106 in 10 years.
Making Sense of Cents
At the age of 23, Michelle Schroeder Gardner obtained three degrees from colleges as well as a wedding and the house she wanted. The graduate had $38,000 in student loans and decided that she'd be able to pay it off as quickly as she could.
Money under 30
David Weliver didn't tackle his $80,000 debt until he had to make an unpopular choice: pay rent or a charge from a credit card. He consolidated debts, reduced the cost of living, and took on at a second job to pay it off over three years.
Lauren Greutman
Lauren, a spender, was embarrassed to let her husband Mark, a saver, be aware of how poorly she had managed their finances as a family. After she admitted her mistakes and changed her spending habits, they paid off $40,000 in two years.
Money Peach
Chris Peach and his wife Andrea had a rough time when they topped up their credit cards and were unable to pay for groceries. Peach is a firefighter through education, followed a step-by-step approach for paying off the $52,000 within seven months.
Debt Discipline
Brian Brandow had his debt revelation when the father of three children had to tell his family members that there was no vacation this year. The Brandows had overloaded the credit card they had. They employed a debt management plan to pay off $109,000 over the course of four years.
Cait Flanders
In her early 20s Flanders amassed debts of more than $30,000 after saying "yes" to everything. By keeping track of expenses and cutting back on unnecessary purchases, she paid the balance off in two years.
Active Budgeting Pays off
Being newlyweds and recently graduated with debts of $20,000, Johnny and Joanna Galbraith decided to develop an action plan to make it clear that they were in the red. They paid off the debt in 1.5 years.
My Shiny Nickels
Laura Dobbins and her family resided in a luxurious house with all the luxury trappings however, they were $40,000 in debt. They cut back on their spending and began to save, and in less than 2 years they were debt-free.
Smart Spending, Dedication
Zina Kumok was a college graduate with $24,000 in students loan debt. But since she was making the equivalent of $28,000 in a year, she realized she had to get serious about her debt. She paid it off in three years.
The Family CEO
Julie Mayfield and her husband faced 18 years of debt -- which amounted to $59,000 -- to help fund their daughter's first semester of college. They put the extra cash they could to debt and then paid it off in 22 months.
'Monster Payments'
Amanda Page graduated with $48,500 in student loan debt. Ten years later, realizing that she had paid off less than $1000 of her balance and was unable to pay it off, she took on additional work and employed a method of making "monster payment" to pay off the debt over 14 months.
Penny Pinchin' Mom
Before getting married, Tracie Fobes declared bankruptcy to clear debt. When they and their husband were expecting their very first son, they'd added another $37,000. Discussions about money led them to complete the repayment within just two years.
Queen of Free
Cherie Lowe as well her husband Brian who was a bachelor, had more than $127,000 in debt spread across payday loans, medical bills and student loans. Their second baby led to a lifestyle change, and they became debt-free within four years.
The Budgetnista
(Photo by Tinnetta Bell.)
Tiffany Aliche was saddled with $55,000 in graduate school loans as well as $40,000 of credit card debt, and $200,000 in mortgage debt due to default. She returned home and opted for an all-cash lifestyle to pay it off.
Well Kept Wallet
Deacon Hayes and his wife Kim utilized credit to finance their lives. When they were $52,000 in debt and were living from paycheck for paycheck, they knew they had to take action. The Hayes paid it off in just 18 months.
His and Her Money
After their wedding, Talaat and Tai McNeely were financially different and had around $30,000 of debt. They were on one income and employed the other to repay their debts within an entire year.
Debt Free Guys
John Schneider and David Auten have years of experience in the field of financial services but they were able to accrue $51,000 of the credit card industry. They cut down on expenditure, utilized the balance transfer method and paid it off over 18 months.
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About the author: Amrita Jayakumar is a former writer at NerdWallet. She was previously employed by The Washington Post and the Miami Herald.
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