One of our biggest plans for preventing family economic collapse is paying off all our debt. We’re very close now to being completely debt free and on a single income as I’m a homemaker. Our vehicles were paid off a few years ago. The final credit card was paid off this past summer. There is one small loan that will be gone in 11 months and my student loan will be paid off within 3 years.
Part of paying all things off is that we dont have any credit cards now and live off whatever income we have. If we dont have the money then we dont buy it. Debt free equals freedom for my husband and I.
