How to be Completely Debt Free Like the Duggar Family (from 17 Kids and Counting)
- 1). Get rid of and pay off all of your credit cards. Credit cards are toxic to a debt free plan. Interest fees rob your budget of money that you could use for other things.
- 2). Find sources of passive residual income. Jim Bob Duggar owns commercial real estate that he collects rent on each month. This might be too costly for you to undertake right now, so find alternate sources of income that you can earn online.
- 3). Live frugally. Give up your weekly trips to Walmart, and your trips to the mall. Instead, by your clothing at consignment stores, resale shops, or on eBay. If you look carefully, you can find trendy clothes in excellent condition for a fraction of what you'd pay in department stores.
- 4). Use coupons for grocery shopping. Get your coupons in the Sunday paper, or print coupons online.
- 5). Stack your coupons for bigger savings each time you go to the grocery store.
- 6). Until your debts are totally paid off, use the money you save with coupons and second-hand shopping to pay off some of your debt.