The more I share about my journey from shopaholic to debt free minimalist, the more I hear from a particular group of people who don’t believe this to be possible for them. People with ADHD. I hear a lot about how fighting impulses is not possible with ADHD or that debt payoff offers no instant gratification. While I can’t say I have ever been formally diagnosed with ADHD, I can say that a family history and a clear understanding of the symptoms leads me to believe I am merely undiagnosed. That being said, I took some time to think about what it was I did that allowed me to reign in on my impulses and actually manage to break my spending impulses and pay off debt.
When I tell people that our family used to live broke 2 weeks before payday, half of the people are usually confused and the other half totally get it. My husband Tom used to get paid once a month (still does), back when I was a stay at home mom and while I worked part time occasionally, for the most part we depended on his income. No matter how hard we tried, without fail, every month, we would have little to nothing in our account 2 weeks before getting paid again. The stress of this caused me a lot of anxiety which then lead to me pre-planning how I would spend our next paycheck. Thankfully, those people, and that way of living is foreign to us now and I wanted to create a little How to Stop Being Broke GuideBook for anyone who might find themselves in a similar situation.
We started our debt-free journey…I guess you could say over 4 years ago. After moving into a big house, we quickly realized we weren’t spending our time or money in the areas of our lives that held the most value to us. So, we downsized. After we moved into our smaller home and reduced our cost of living we were determined to learn how to get our money under control once and for all. Here’s how we paid off debt and how blogging about paying off debt actually helped us do it faster.
When you reach that point in life where you are finally fed up with putting all your money toward debt, an amazing thing can happen; you can start finding creative ways to make bank as fast as possible. There is nothing better than that fire lit in your belly that is screaming, “I will never be in debt again!” Maybe you have already started coming up with creative ideas on how to pay off your debt faster, but in case you need a $1,000 idea, I’ve got 5 of them. Here are 5 things you can do to help you get $1,000 to put toward debt fast.
It’s pretty well known that we busted our butts to become debt-free in early 2019. What might not be as well known is that I nearly drove myself to the brink of insanity while we did it. We scrimped and saved and put as much money toward debt each month as we could. We were very “gazelle intense.” When I’d work to make extra money, nearly all of it would go toward debt payoff. While I don’t regret becoming debt-free, I definitely see now that there was a better approach to it.
I finally admitted something that was super terrifying to admit, especially when you’re a part of the #debtfreecommunity. That is that I’m not totally gazelle intense anymore. If you’ve taken Dave Ramsey’s Financial Peace University classes then you know what I’m talking about. Gazelle Intense is a way of explaining extreme debt payoff. Like a gazelle running for its life from a lion. It is a great motivational tactic, but for me, it almost caused me to have a nervous breakdown.