Best videos relevant with unsecured Debt Consolidation Loans, Unsecured Loans, Cash Advance Loans, Debt Freedom, and Are You Considered Debt Free if You Have a Mortgage, How This Frugal Family of 4 Paid Off $96K in Debt & Built a Custom Tiny House.
After finishing school, Jocelyn and Jarvis had $96,000 of debt from student loans, credit cards, and buying a small rural property. This is the story of how they paid it off in just 20 months, and then built themselves a debt-free custom tiny house for their family of 4.
After ignoring their finances for a long time, the couple finally faced reality one night when they sat down and added up all of their debts, and compared it to the revenue they had coming in.
When they realized how much they owed, they decided to make some drastic changes so they could pay it off and stop worrying about money.
To start, they moved to a smaller apartment, changed jobs, shopped second-hand, froze a credit card in a block of ice, switched to using cash only, and made a budget that allowed them to chip away at their debt.
They had a white board with a list of all their debts, which they updated every time a payment was made so they’d continue to be motivated. After 20 months, they were completely debt-free. After that, they continued with their minimalist, frugal habits and were able to save up enough money to build themselves a custom tiny house on wheels.
They’ve been living in the tiny house for over two years now, with their two children, and plan to continue living in it for as long as they can. They are currently saving money to buy a small acreage where they will build a larger off grid home and keep the tiny house as an income property.
We’re very inspired by this young family’s dedication to improve their lives by paying off their debt, by their awareness of their energy consumption, by their efforts to buy less and live a low waste lifestyle.
They’re trying to make positive change in every aspect of their lives, and that’s not always an easy thing to do.
Thank you, Jocelyn and Jarvis, for sharing your story with us! And for the beautiful day we spent at your place!
Thanks for watching!
Mat & Danielle
PS thank you to all of our Patrons who support us so generously and a very special thank you to our backbone supporters: The Burgess Family!
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Music & Song Credits:
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Mat and Danielle of Exploring Alternatives
Mat of Exploring Alternatives
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Jocelyn and Jarvis
Are You Considered Debt Free if You Have a Mortgage, How This Frugal Family of 4 Paid Off $96K in Debt & Built a Custom Tiny House.
Debt Free – The Long-Lasting Adventure
Do not think of access to debt as a status symbol. You need to understand that negotiation is an art. An excellent example of this remains in the housing market.
You may have seen the truth TELEVISION program Pawn Stars.
How This Frugal Family of 4 Paid Off $96K in Debt & Built a Custom Tiny House, Search most shared replays related to Are You Considered Debt Free if You Have a Mortgage.
Student Loan Freedom – How To Leave Debt Concerns?
Paying the price of getting a lower rating is way better than losing your reputation permanently. When you are one income from insolvency it is a lot easier to live by your concepts.
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