How I Paid off 30k in Debt

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Check out this story from an anonymous reader who send us an email about how he paid off his debt.

Remember, if you’d like to share your story with us, contact us here.

I thought I was doing fine with at least 2 – 3 thousand dollars in debt. After a terrible and costly divorce where every charge depended on my credit card, I was looking at over $30,000 in debt.

Personally, it’s a terrible experience in court over and over again but even worse is knowing I won’t have any savings for my children for the next couple of years. That’s when it hit me that I’m terrible with my personal finances. I heard Br Omar Usman’s talk about this discourse and immediately signed up last April for the Debt Free Muslims newsletter.

The free PDF in that first e-mail gave me a practical way to approach my spending. I followed every instruction and even have about a dozen envelopes near my bed. It’s a very different feeling knowing how much it opens my eyes to where my money actually goes, and gives me some hope to PLAN how I can eventually remove myself of all debt. On an semi-related note, I CANCELED my Netflix. Honestly, I was so blind I hadn’t even used it in about a year.

One of my biggest debt was a credit card payment with a HIGH 30% interest. That’s what I tackled first using the Snowball method and I squeezed my budget for the next couple of months after that and DID IT. I finally paid that balance off and literally felt my shoulders lighten it. I’ve never been so proud of myself. The methods in the PDF work, they’re practical. I seriously feel that by keeping on… I can pay everything off and start to actually save money.

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Adam Taufique

Adam Taufique is a founding member of Qur'an Weekly and Debt Free Muslims. He is a regular khateeb in his community and has served in Masjids from being a weekend school teacher to youth coordinator. You can follow him on Google+ or on Twitter @adamtaufique.

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