3 Ways We Paid Off Debt With One Paycheck

It’s hard being a one income family in a two income world. That is until you get the hang of it. My husband and I have been actively paying off debt for the last 5 years. We have learned quite a bit I hope to pass on. 


So how do we stretch one check to meet all of our needs? As a family with multiple children who refuses to carry bad debt it can be overwhelming. Here are some wonderful tips. 

1. Spilt your account. If you have a bank that allows you to have several   checking accounts under one customer account do it! Mark one account bills and one account spending. Every pay period put money needed for bills directly into the bill account. You can do half an amount for a large monthly bill or small amounts for a yearly bill like renters insurance. Some jobs even allow you to arrange allotments of your pay into seperate accounts. So you won’t even see your bill money it will automatically go to bills. Set that account to automatic payments and life just got easier. 

2. When you pay off one item keep that money paying more bills. So you paid off your smallest debt roll that money into the next. If you are able do so without stretching yourself so thin you’ll need to rely on credit cards. Keep rolling until your debt is gone. 


3.  Set big goals but start with small steps. One of our big goals was to pay off students loans but years ago we had car and credit cards that were a lot smaller amounts and higher interest so we started with those. As we paid off each bill we got closer and closer to a large student loan payment. We finally paid that off last year and it was liberating because it was a big goal. 

Today we carry one car payment with plans to leave the military completely debt free. If you had asked me that 4 years ago if I thought that was possible I would have laughed. Oh good one. But I look at how far we have come and now I understand when it comes to success in anything persistence is key. You might be facing a mountain today friend so break out your mustard seed and get to work.

“He replied, “If you have faith as small as a mustard seed, you can say to this mulberry tree, ‘Be uprooted and planted in the sea,’ and it will obey you.”

‭‭Luke‬ ‭17:6‬ ‭NIV‬‬

“He replied, “Because you have so little faith. Truly I tell you, if you have faith as small as a mustard seed, you can say to this mountain, ‘Move from here to there,’ and it will move. Nothing will be impossible for you.””

‭‭Matthew‬ ‭17:20‬ ‭NIV‬‬


As always friends be blessed and be a blessing. 

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