J. Mohammad, a Tennessee-based accountant, decided in 2001 that she’d had enough of the constant stress she felt over $11,000 in credit card debt, her mortgage and a host of other bills. Inspired by Dave Ramsey’s radio show on life, money and debt, she decided to pull out all the stops to reach her goal of “financial peace.”
To get there, she worked at as many as seven extra jobs, even cleaning buildings at night, and she and her husband kept to a tight budget. It was tough going, but by 2005 she was debt free, having paid off her credit card debt and even her mortgage, she says.
Now, she sticks to a strict budget and banks all the money she used to plow into monthly payments to service debt into savings and a new-car fund.