Debt Story, Site Information

Celebrating 5 Years Of Being Debt Free

February 6 is a very special day around our house.  It’s not our anniversary.  It’s not one of the kids’ birthdays. It’s the day, five years ago, when we paid off our final debt to become debt free! Even now, half a decade later, I still find it hard to explain how important getting out of debt has been for us and our marriage.  Suffice to say, we are free from the stress associated with debt’s burden – and we are excited about our future. When I started No Credit Needed my only real goal was to get out of debt.  Soon, however, site traffic began to grow and I was able to connect with thousands of awesome readers.  Even…

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Debt Reduction, Debt Story

How I Got Out Of Debt

It’s been a while since I’ve written about how my wife and I paid off our consumer debt.  I thought new readers (and folks who have been around for years) might benefit from a retelling of our story. Back in April of 2005, my wife and I decided that it was time to get out of debt.  We had a total of just over $11,500 in consumer debt, consisting of credit card debt and two automobile payments.  It took us a little over 10 months to completely pay off our debts.  Here’s how we did it – 1.  We stopped using our credit cards.  We didn’t cut them up or freeze them – we just stopped using them. 2.  We…

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Debt Story, Money Management

Financial Stress Level

I recently went to the doctor with back pain.  While I was there, I was asked to describe the pain and assign it a number on the pain scale, with 1 being no pain and 10 being excruciating pain.  (For those interested, I gave my pain a 6, for distressing.  The doc gave me some medication.  I took it for a week and my back now feels just fine.) It was interesting how such a simple scale allowed me to put my pain into proper perspective. Using a similar scale – I’ll call it a stress scale – I’ll try to illustrate the powerful impact that debt reduction and financial planning have had on my stress levels, over the years.…

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