A number of years ago I met Kathryn and Galen. They’d won a contest sponsored by Woman’s Day magazine. The prize? A money makeover and financial coaching with … me! From our first meeting, we became fast friends.
Not only were they drowning in debt, Galen was dealing with a protracted season of unemployment. Their financial situation was grim.
Kathryn and Galen were totally committed to working with me as I created a plan that, if followed diligently, would get them out of debt and on their way to financial freedom.
The problem was that even with their new scaled-back lifestyle, my students were $1,000 short every month—an amount they would have to find somewhere, some how, if this plan were to work.
Never have I seen a couple so committed to getting out of debt. They didn’t complain or seek pity. They didn’t whine or make excuses. Instead, they adopted a “scorched earth” attitude as they became committed to doing anything and everything possible to reach their goal.
Here’s Kathryn’s list of the 25 things they did to cut expenses and find find the $1,000 they needed every month in order to stay on track with getting out of debt: