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Can you share some single mom debt free stories?

2024-11-21 23:05
2024-11-22 01:58

Well, take the story of Jane. Jane was a single mom drowning in student loan debt and some personal loans. She got a job in a call center which had a good pay structure. Jane also started growing her own vegetables to save on grocery bills. She used any extra money she had to pay off her debts. She focused on paying off the highest - interest debts first. This method, known as the debt avalanche method, helped her clear all her debts in a few years. It was a tough journey but she emerged debt - free.

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Sure. One single mom I know, let's call her Mary. She was in debt due to medical bills for her sick child. But she started a small home - based baking business. She sold cakes and cookies in her neighborhood and at local events. With careful budgeting and reinvesting her profits, she gradually paid off all her debts. It took her about two years, but she did it through hard work and determination.

There was a single mom named Lisa. She had debt from credit cards. Lisa decided to cut back on all non - essential expenses. She took on extra part - time jobs like tutoring and babysitting. She also sold some unused items in her house. Every month, she made a strict plan to pay more than the minimum amount on her credit cards. Eventually, she became debt free. She said it was all about discipline and having a clear goal in mind.

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