Debt Free Dreaming with Adam & Amanda Walsh (episode #73)
Our guests today are sharing their debt free dream with us. They have a goal to pay off their mortgage ($155,000) in the next 3 years! They have amazing ideas on how to decrease spending, bring in more income and stick to your goals without feeling deprived.
Meet Amanda & Adam Walsh.
Adam and Amanda are parents to 3 children and live in Coeur d’Alene, Idaho. Right when they got married about 12 years ago they had a dream of being completely debt free. They started off by attacking their student loan debt of about $15,000. During lunch breaks and on weekends they scoured thrift stores and surplus sales to find things to sell on eBay and were able to pay off their debt in less than 2 years! At the time Adam wasn’t making a ton at his job, so the only way they were going to do it was by making extra money. Listen in to hear their story and get TONS of ideas of how to get this to work for you and your family.
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Show Notes:
Adam & Amanda’s steps to becoming debt free
Make a budget. Figure out what you are spending your money on. Keep it in check. Every dollar has a job. They suggest using the Mint app to track your expenses.
Sell on Ebay. They have some great posts about how to be successful selling on Ebay.
Hone your Skills. Amanda uses her graphic design skills and works as an independent contractor. She also works as a make up consultant for Maskara Beauty. They have an extensive list of 50 Ways to Make Extra Cash for more ideas. The key is to find something you’re passionate about!
Have a pow wow with your spouse as you’re setting it up to make sure you agree on your budget.
Make a category in your budget for unexpected expenses so you never get into trouble.
Stay out of credit card debt
Find even more great tips from Adam & Amanda, plus join their community on their blog: https://debtfreedreaming.com/
They are also all across social media @debtfreedreaming (Facebook @DebtFreeDream)
Some of our other money themed podcasts:
Debt Free Journey & Meal Prepping with Kelsey Yeager (Episode #48)
Budgeting for Single Income Families with Jessica at Wise Little Hoots (Episode #46)
5 Money Lessons All Kids Need to Know with Jonathan & Meredith Rotz (Episode #38)