A recap from last week's post….dream house drawn up. Can’t afford it yet. Can’t afford to pay off debt in current situation.
Solution = Fulltime RV living.
After me and the hubby were first married we rented for a few months. It nearly killed us both to see all that money thrown away into something we wouldn’t never get back so we decided to buy a camper and live in it until all our debt was paid off and we could successfully get a mortgage for our first home. (Which we were able to do at the very young age of 20!)
After we moved into our first home we still stayed the same penny pinching couple we had always been but you know how it goes, unexpected things happen. Medical emergencies come up, cars break down, and not all decisions made are the smartest. So we ended up in debt. Nothing major but enough to make us uncomfortable about selling our home and jumping into another mortgage. Plus our goal to be debt free by the time we are 35 (that means no car loans or mortgage!) is not going to happen if we did that.
I’m going to be real with you here because I feel like we can learn from each other’s mistakes and successes. So here are some real numbers and ideas we figured out before deciding such a big thing.
When we lived fulltime in an rv before we lived there for 9 months. I realize not everyone can live in a camper but we learned that it is entirely do-able. We actually loved it! It’s a very simple lifestyle being in such a small space and it dramatically cuts down on stress.
So our choice was…stay in our current home, in debt, for who knows how long.
Or move into a camper, smaller space, but have a much better quality of life.
For us, the choice was very clear. That doesn’t mean it was easy though!
Catch up on our full series about Fulltime RV Living!
Have you ever done something out of the norm to pay off debt?
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