Debt Free Living Podcast-024 Matthew and Tanya

Listen to Episode 024

Matthew and Tanya join us on today’s show to share how they paid off $130,000 in debt in just 36 months. All of their debt was on the mortgage. Matthew got the idea to pay off the mortgage when he saw an amortization schedule in one of his engineer classes. He saw how much interest he would be paying over the 30 year term and realized he could pay off his debt a whole lot sooner.

Tanya was on board right away and together they developed a plan to pay off their mortgage. One of the toughest things they had to do was change their spending habits. Another key was to keep their lifestyle the same throughout and put any money they got through raises onto the mortgage.

Remembering how much they valued having a paid off mortgage kept them on track throughout the whole three years. With a baby on the way this fall, they are stockpiling cash and enjoying the security that not having a mortgage brings.

“What any budget does for you is help drive the correct behavior.” ~ Matthew

You can subscribe to the Debt Free Living Podcast either through Feedburner, iTunes, or Stitcher SmartRadio! The podcast can be found in iTunes under the JW’s Financial Coaching Podcast. If you subscribe you will receive both the JW’s Financial Coaching Podcast on Mondays and the Debt Free Living Podcast on Thursdays.

If you enjoyed this episode, please leave a review in iTunes. For a step by step video of how that works, please watch this video on how to leave a review in iTunes. Big thanks to my friend Glen Steinson for helping me create the video.

If you would like to take the steps necessary to start living debt free, I would love to be a part of your journey. Here’s how I can help.

About Jon White

Giving people hope and seeing them win with their finances is something I have a strong passion for. Because of this passion I started JW’s Financial Coaching in the summer of 2010. Financial coaching has allowed me to combine my passions of finances, teaching, and helping others by helping people get on the right track financially. I'm interested in hearing your story so please do not hesitate to interact with me through social media.
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