I recently conducted an email interview with one of my fellow personal finance writers, Frank from over at The Happy Rock. Frank has written about his own debt reduction success, having paid off $70,000 in four years!
Here’s my favorite snippet from his post-
We watched our spending, trimmed our expenses, and put every extra penny towards debt. We learned how to plan, save, and spend CASH on larger items. We set up Microsoft money, created a budget, and communicated about how we were spending our money. The growth of control bred more motivation and energy.
Frank was kind enough to answer some questions via email. Here’s the interview-
How long have you been debt free? –
Since 2005 which coincides with the adoption of our first child