My husband and I bought our first house when we were just twenty years old.
We had the big dream of raising our kids and creating a home that would bring years of good memories.
We were so proud to become home owners and never dreamed we would one day be facing the very real possibility of having it taken back away from us because we couldn’t make the payment after dealing with a layoff that lasted several months.
Both my husband and I have fought to crawl out of a pit of debt after years of struggling financially to the point of facing foreclosure on our first home and several thousands of dollars in credit debt.
I know exactly how it feels to cringe every time the phone rings because the likelihood that it will be a bill collector is so high, you know it really is the only time your phone rings anymore.
I used to turn my ringer off just so I could go a whole day without being reminded that I had gotten myself into what I thought was a complete and utterly hopeless situation.
One day, after I opened up our second foreclosure notice, I decided we had to do everything we could before we found ourselves homeless with our two kids.
We took some very drastic measures, which really is all you can do when you find yourself so low.
First check your state to see if there are any federally funded programs available that are designed to help eligible home-owners who are struggling with their mortgage, condominium association fees and/or property taxes stay in their homes.
We canceled all extra activities for our kids that were not free.
The surprising thing I found was how many things are available FREE through local churches and recreation centers. My kids were little and really didn’t know then, but we have since continued to teach them that when there is money in the budget, they can participate in extra activities, and when there isn’t they can’t.
I know it’s probably not a popular idea, but we have been fortunate enough that our kids have been able to experience, educational classes, summer camps, soccer, gymnastics, piano, basketball, volleyball, robotics, ski club, and MORE! Most are either free or very inexpensive.
- Kids Bowl Free
- Free Summer Reading Programs
- Kids Skate Free
- Free Apple Summer Camp
- Free Theater Movies for Kids
- Free Local Fun for Kids
- Kids Free Gardening Kit
Lots more ideas on this Summer Bucket List!!
We stopped going out to eat, stopping for ice cream, or getting a coffee at all.
This was challenging for us because we loved our weekly Sunday after-church lunches out.
But it was through this that I learned how to menu plan and really cook.
Before this I was a not so great cook, my good recipes didn’t include much more than spaghetti (thankfully my family wasn’t too picky).
My cooking skills grew to the point that I realized I actually liked cooking and was pretty good at it.
Plus we were eating better since many times homemade non processed meals could be made for very little money.
Check out our Recipe Index for lots of great recipes to make at home.
We canceled cable.
This was probably the toughest thing for my husband.
We were able to supplement by visiting our local library weekly to pick up some great movies completely FREE.
We watched the entire Little House on the Prairie series, and they had a lot of newer movies too.
Check to see if your library has movies to check out too.
We didn’t buy any new clothes that year.
We completely relied on hand me downs, garage sales, and thrift stores.
I went without new clothes completely as did my husband (other than work boots).
I was given a lot of hand me downs for my kids.
I will add that garage sales and thrift stores are still one of my favorite places to shop because we continued to shop there even when we were no longer in debt.
Where else can you take a tween/teen and get an entire garbage bag of clothes for under $20?!! I was the best mom ever on those shopping trips.
READ MORE: How to Save Money Buying Second Hand
We used alternative heat sources.
We learned to be frugal with heat for one winter.
We used a wood burner and burned wood my husband was able to get free.
I put plastic over all the windows to keep the cold out.
And we dressed for the cold. We always had slippers or wool socks on and lots of extra blankets if you were chilly.
As I sit here in my bare feet today, I admit it was pretty drastic. But it was a temporary extreme way to save money and it worked. Our heat bills were never over $75.
READ MORE: How to Save Money on Heat
My husband worked a LOT!
In fact, he worked 80 hours a week out of town, only coming home on the weekends for 8 months.
It was the longest 8 months of my life. I stayed home with a 1 year old and a 5 year old , doing my best to hold down the fort while he was away.
Looking back now (it’s been 15 years), it was nothing more than a blip in time. But that blip saved our home and we were able to pay off ALL of our credit debt (about $20,000)
I picked up a side hustle. I looked for every way that I could to legally save and bring in as much extra money as I should. I did all kinds of side hustles.
Find the perfect side hustle that makes big bucks for you.
We gave up all forms of entertainment that cost money.
But we still enjoyed life and each other!
We found new forms of entertainment.
We learned to love being home and spending time together.
We went on bike rides and walks, played board games, visited parks, and watched movies.
There are SO many FREE Family Activities happening right in your area if you look for them.
It really is amazing just how little one can live on when you challenge yourself to do just that.
I know it is hard, really I do. I’ve been there, facing foreclosure with thousands of dollars of debt and what appeared to be no way out is a feeling I wish on no one because I know what it feels like.
I am so grateful to be on the other side today.
Facing foreclosure was scary and the very thing I needed to learn how strong I was and to take control of my spending and saving habits because I refuse to find myself facing foreclosure ever again.