Here is a great success story from Brock. What an inspiration he and his wife are to others!
About 5 years ago I had a great job with lots of travel, overtime and every conceivable expense reimbursed. Times were great and my fiancee and I spoiled ourselves with concerts, last minute weekend getaways, shopping sprees and Caribbean & European vacations.
After we married, I took a job closer to home at a reduced salary. The new job had no travel, no overtime and way less perks – but we never changed our spending habits. It took us 3 years before we realized that we were in financial trouble and still hadn’t paid off the wedding. The honeymon was over and things had to change.
We met with a great financial planner who advised us to roll some of our consumer debt into our mortgage, leaving $12,000 on a low interest credit card. I’m happy to say that within 1 year, we paid off our balance – by menu planning, couponing and tightening our spending.
We still take vacations, but we save for them now. Instead of shopping at the mall, we have more fun shopping for grocery deals.
We’ve built a nice stockpile now (not quite as big as those extreme couponers on TV), and we often give away everyday items to friends and family. We’ve continued to grow our savings and our RRSP’s and have passed along what we’ve learned in the hopes that no one repeats our mistakes.