Author Topic: Paid off major debt...while on unpaid maternity leave!  (Read 1831 times)

KMAber

  • 5 O'Clock Shadow
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  • Posts: 13
  • Age: 44
  • Location: Warren, RI
Paid off major debt...while on unpaid maternity leave!
« on: August 15, 2014, 08:17:07 AM »
First of all, thank you Mustachians! My husband submitted a post to the forum a few months ago describing the pounding we were getting from our 2nd mortgage (yay for us for buying a house in 2005!). You all helped us get over the emotional issues tied to that debt and I am happy to say we have paid the damn thing off! We are no longer upside down on our house! We were on such a roll, that we also paid off some credit card debt I shamefully had and my high interest student loans. Overall, we paid off around $40,000 of debt in less than a year. It gets better! During that year we also had our crazy awesome daughter! That was fun, however we did endure 6 months of unpaid maternity leave during this time. I am happy to report that we have taken all that frugal fitness and are now applying it full speed ahead to early retirement. Thank you again!

Dezrah

  • Bristles
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  • Posts: 457
Re: Paid off major debt...while on unpaid maternity leave!
« Reply #1 on: August 15, 2014, 12:49:00 PM »
Thank you, KMAber.  You're an inspiration to me.  I’m not familiar with your particulars but I have mad respect for anyone who can effectively get a pay cut and still improve their situation.  Just think, next time life throws you a curve ball, you’ll have so many skills acquired coupled with financial and emotional stability that you’ll barely even notice.  My guess is there are great things for the future of your family.  Congratulations on your awesome daughter as well.

usmarine1975

  • Guest
Re: Paid off major debt...while on unpaid maternity leave!
« Reply #2 on: August 15, 2014, 12:55:30 PM »
We are due in September.  Here's hoping we can pay a few things off in the process as well. Congrats that is an awesome feat.