In 2016 we were recent college grads living paycheck-to-paycheck on one income. We had two children to support and even though we felt like we were making a decent income, the money was always flying out the window. We were getting nowhere! We thought we would have all this extra money, but we were always broke. I knew we were doing something wrong.
I spent the next several months researching budgeting and debt payoff, and in January 2017 we began our financial transformation. I started by adding up all our debt. We had $71,000 of student loan, car, and credit card debt. I had no idea! Our $1300/month minimum payments were robbing us of our hard-earned dollars.