Jan
17
2012

New on Bridge Street – my Personal Story of getting out of debt and 5 Tips on how to stay out!

Posted at 12:07 PM on Jan 17, 2012 by I am THAT Lady: Lauren

Jan 17th, 2012

I went on News Channel 9 today on Bridget Street to talk about my personal story on how we got out of debt as a family.  These were 3 hard years of sacrifices and trials, but we have been debt free (except our mortgage) for 3 months now!

I did mis-speak in this video – we were underwater in our mortgage and owned MORE than we could sell it for.  In the video I said that we owed LESS than what we could sell it for….UGH!  Oh well, that’s LIVE TV for you!

If you can’t see this video – you can head over here to view it.

Make sure that you check back and are following my New Weekly New Year, New Budget Video Series!

Comments:

  • Your Sister says...
    Posted at 12:18 pm by I am THAT Lady: Your Sister
    Your Sister
    Jan 17, 2012 at 12:18 pm

    You’re awesome!! Good job Lauren.

    • Lauren says...
      Posted at 1:08 pm by I am THAT Lady: Lauren
      Lauren
      Jan 17, 2012 at 1:08 pm

      Thanks Sis :)

    • Susan says...
      Posted at 2:40 pm by I am THAT Lady: Susan
      Susan
      Jan 30, 2012 at 2:40 pm

      WOW, you did a good job. That is what Dave Ramsey teaches….My husband and I need to get back on a “written budget” and goals. Thanks for the reminder.

      Susan

  • Teri says...
    Posted at 12:31 pm by I am THAT Lady: Teri
    Teri
    Jan 17, 2012 at 12:31 pm

    You did great Lauren! Good tips, I have a card swiping weakness as well, time to get some cash envelopes! Thanks for sharing the video on your site for all of us out west.

    • Lauren says...
      Posted at 1:08 pm by I am THAT Lady: Lauren
      Lauren
      Jan 17, 2012 at 1:08 pm

      I made my envelopes with white envelopes I had in the house, then use packing tape to make them sturdy. They have lasted 4 years and cost me nothing :) So happy you enjoyed the video!

  • Charla says...
    Posted at 12:47 pm by I am THAT Lady: Charla
    Charla
    Jan 17, 2012 at 12:47 pm

    Nice Job Lady!

    • Lauren says...
      Posted at 1:09 pm by I am THAT Lady: Lauren
      Lauren
      Jan 17, 2012 at 1:09 pm

      Thanks Charla!

  • Jess says...
    Posted at 12:52 pm by I am THAT Lady: Jess
    Jess
    Jan 17, 2012 at 12:52 pm

    So cool and so useful. Congrats on getting out there to help people! I’m sure you’re blessing others!!

  • Patty says...
    Posted at 1:06 pm by I am THAT Lady: Patty
    Patty
    Jan 17, 2012 at 1:06 pm

    Nice job! So happy it worked for you :-)

  • Dawn M says...
    Posted at 1:26 pm by I am THAT Lady: Dawn M
    Dawn M
    Jan 17, 2012 at 1:26 pm

    Great job Lauren! We are just starting Dave Ramsey’s Total Money Makeover and it’s so nice to be able to see a light at the end of the tunnel! I can’t wait to be debt free!

  • Andrea says...
    Posted at 1:28 pm by I am THAT Lady: Andrea
    Andrea
    Jan 17, 2012 at 1:28 pm

    Thank you. I have done a financial class before and they also recommended using cash envelopes. It is so much easier to stick to the budget when you can physically see that “hey, there’s only $10 in our food budget” with a card you don’t see it and you might be dipping into your gas cash without meaning to! Thanks for the great tips!

  • Robin says...
    Posted at 1:49 pm by I am THAT Lady: Robin
    Robin
    Jan 17, 2012 at 1:49 pm

    Awesome job! You do a great job of speaking in front of the tv cameras!!

    • Lauren says...
      Posted at 2:43 pm by I am THAT Lady: Lauren
      Lauren
      Jan 17, 2012 at 2:43 pm

      Thanks Robin!

  • jenn says...
    Posted at 3:50 pm by I am THAT Lady: jenn
    jenn
    Jan 17, 2012 at 3:50 pm

    yet again, so proud of you!

  • Nancy says...
    Posted at 3:40 pm by I am THAT Lady: Nancy
    Nancy
    Jan 26, 2012 at 3:40 pm

    Thank you for sharing! You’re an inspiration to me. Great job.

    • Lauren says...
      Posted at 5:09 pm by I am THAT Lady: Lauren
      Lauren
      Jan 26, 2012 at 5:09 pm

      Thank you Nanvy, I am honored to be in a place where I could share my store. Makes all the tears and hard work worth it!

  • Amanda says...
    Posted at 5:24 pm by I am THAT Lady: Amanda
    Amanda
    Jan 26, 2012 at 5:24 pm

    Thank you for sharing your story! You are so inspiring! Thank you for being so realistic too :) You sounded very professional and looked beautiful!

  • Amy says...
    Posted at 6:28 pm by I am THAT Lady: Amy
    Amy
    Jan 26, 2012 at 6:28 pm

    Great job Lauren! Congratulations on being debt free!! Must be a great feeling!

    • Lauren says...
      Posted at 8:15 pm by I am THAT Lady: Lauren
      Lauren
      Jan 26, 2012 at 8:15 pm

      Thanks Amy, it does feel great! Hard word that pays off is very rewarding! Thanks

  • Tamara P says...
    Posted at 7:59 pm by I am THAT Lady: Tamara P
    Tamara P
    Jan 26, 2012 at 7:59 pm

    Thank you Lauren for sharing your story. I now know i am not alone. My husband and i before we got together and during our first couple years of being together “swipping” was something we did all the time. We have decided last year that we are drowning with school, credit card, and car payment debt. So we have all of our bills on a white board that tells us how much we owe each credit card and student loan and they have an order of how we are to pay them off. So everytime someone comes to our house and into our computer room if they look at it they know how much in debt we are but it makes it a huge reality check for us. We also did cancel our credit cards but they it was at the time when they were jacking up the interest rates thus is what made us jump on the get out of debt thing. Thanks again.

    • Lauren says...
      Posted at 8:14 pm by I am THAT Lady: Lauren
      Lauren
      Jan 26, 2012 at 8:14 pm

      You are very welcome Tamara, what a great accountability to have your debt up on the white board.

  • Allison says...
    Posted at 10:15 am by I am THAT Lady: Allison
    Allison
    Jan 27, 2012 at 10:15 am

    Lauren, great job, and great tips! You actually said our house was worth less than what we owed on it’, so it seems like that is what you meant to say. All is good!

    • Andrea says...
      Posted at 2:55 pm by I am THAT Lady: Andrea
      Andrea
      Jan 27, 2012 at 2:55 pm

      I was going to say the same thing, it sounded correct to me…great job and I too am going to cancel all our credit cards. a few credit score points are not worth what could happen again in the long run….everyone (including myself) needs to learn to live with what they have.

  • Paulina says...
    Posted at 12:04 pm by I am THAT Lady: Paulina
    Paulina
    Jan 27, 2012 at 12:04 pm

    Can’t see it :( is there a you tube version of it?

  • Julie Jones says...
    Posted at 7:38 pm by I am THAT Lady: Julie Jones
    Julie Jones
    Jan 27, 2012 at 7:38 pm

    You said it right. You said “our house was worth less than what we owed on it” Meaning you owed more than it was worth. Good job. I’d rather be reading it off a monitor. haha. Thanks for the tips.

    • Lauren says...
      Posted at 7:28 pm by I am THAT Lady: Lauren
      Lauren
      Jan 28, 2012 at 7:28 pm

      Thanks Julie, no monitor in live TV…if I mess up I mess up….And I never know what they are going to ask me. Thankfully i know my stuff, or else I would look very strange , lol!

  • Cristina says...
    Posted at 2:00 am by I am THAT Lady: Cristina
    Cristina
    Jan 29, 2012 at 2:00 am

    Great Job on the interview!!! You inspire me :)

    • Lauren says...
      Posted at 8:16 am by I am THAT Lady: Lauren
      Lauren
      Jan 29, 2012 at 8:16 am

      Thanks Christina!

  • Katie says...
    Posted at 7:48 am by I am THAT Lady: Katie
    Katie
    Jan 30, 2012 at 7:48 am

    Great job on getting out of debt so quickly! It must feel great!

    Can you talk more about where you “hide” your money? You mentioned depositing money into ING accounts that you can’t touch? Is that what you do with your holiday/school clothes/birthday spending money?

  • mandy says...
    Posted at 4:48 pm by I am THAT Lady: mandy
    mandy
    Jan 31, 2012 at 4:48 pm

    Hi Lauren,

    Thanks so much for doing this interview. It is very inspiring. We’re working on getting my son out of debt this year (won’t be too hard, just a few hospital bills) It’ll be a bit harder when I focus on mine. I’m definately bookmarking your interview so I can watch it when I need some positive reinforcement :)

  • Bridget says...
    Posted at 5:15 pm by I am THAT Lady: Bridget
    Bridget
    Jan 31, 2012 at 5:15 pm

    Great job Lauren….
    I would love to set a budget but my problem is I think our income is so much less than our bills and expenditures each month.. How do I set a budget if we don’t even make enough to pay what we need to pay?

    Bridget

  • Dawn says...
    Posted at 10:00 am by I am THAT Lady: Dawn
    Dawn
    Feb 10, 2012 at 10:00 am

    great job!

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