In today’s blog post, Victoria from Pinching The Pennies shares the story of how she paid off £37,000 debt in 2 years. Read Victoria’s inspiring story, along with her top tips for anyone wanting to get started on their own debt-free journey.

DEBT STORY: How I Paid Off £37,000 In 2 Years

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Tell us about yourself.

I ’m 38 years old, married, and a mother to one child and two fur babies.

How did you get into debt?

Stupidity. Irresponsible lending. At 18 I got my first credit card with a £500 limit. I remember them calling me because there was under a minute between transactions thinking it had been stolen. At the time I thought it was funny. Husband had a very well paid job and was renting . Didn’t ever think to do a budget . So we had his wages and then the credit cards . Paying only ever the minimum. At that time I worked 8 hrs at a hairdressers and my largest credit amount on ONE card was 14k (luckily I didn’t go up to that). All was well until the recession hit and the construction industry was hit hard. We then used cards to live on buy shopping, fuel and loads of cash withdrawals. Followed by bad family advice of ignore them they write them off only escalated the issue.

What motivated you to embark on a debt-free journey?

Scared to answer the door or phone. Then found Dave Ramsey on instagram, ordered the book immediately and haven’t looked back since.

How did you get out of debt?

By using the debt snowball method. Listing all our debts smallest to largest.
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Share 3 lessons you learnt on/from your debt free journey?

Surround yourself with like minded people. Start a separate instagram account to interact and engage with like minded individuals. You will inspire someone else to start. Get your head out the sand and face facts. Once you begin you’ll become unstoppable.

What resources and tools helped you on your debt-free journey?

Instagram, YouTube and Dave Ramsey.

What advice would you give to anyone wanting to pay off their debt?

If you are reading this you’ve already committed to the chance of changing your life. No matter what your income is, you have the ability to pay off your debt and take control of your finances. My only regret is not finding the debt free community sooner. Better late than never!

Follow Victoria on Instagram.


More Like This:

If you enjoyed this post, ’DEBT STORY: How I Paid Off over £15,000 In 4.5 Years, then you will also enjoy my other blog posts on similar topics. Check them out below:

1 – DEBT STORY: How We Paid Off £21,000 Debt In 8 Months

2  How I Paid Off £16,000 debt in 18 months