How We Got Out Of Debt Part 1
|February 29, 2012||Posted by Ashley under How We Became Debt Free|
My husband and I got married young, a few months before turning 20 for both of us. We both had average jobs, making around $15 an hour and were working fulltime. I was trying to save up enough money to save up to return to nursing school.
I had to put school on hold because I wracked up around $5000 in debt, plus I had a car loan I was paying on. I went through my first semester of nursing school while working 20-30 hours a week trying to pay down my debt.
It didn’t work. At all. I failed one of my classes. I’ve never failed a class before. It hurt. Really bad.
My plan was to take a semester off and work my tail off to get debt free. I needed to pay off all of my credit card debt along with enough money to pay for my car, gas and insurance until I finished school. Let’s just say that at 19 I was incredibly naive.
I didn’t change any of my spending habits, left a stable job as a bank teller to be a waitress, and to top it all off, decided to go ahead and tie the knot. Needless to say, I lost site of my goal. I took another semester off.
I got a better job than waitressing and started making $10 an hour, but my husband and I still lacked the focus to really get large amounts of debt paid off. I made another job change and started making $15 an hour, then a few months later, discovered I was pregnant.
I wasn’t sure what to do at this point. I always wanted to be a nurse, but I also always wanted to stay at home to raise and homeschool my children. My husband was only making $15 and hour. Could that money alone support us, as well as pay off my debts?
My parents didn’t think so.
That settled it. We were going to make it work. Over the course of my twenty years I had become a master of doing exactly what my parents told me I couldn’t. How hard could it be?