Day 8 is a really important day in our Forgetting the Joneses Challenge. Thank God we don't have to worry about it though because of the decisions we make. On Day 8 we Create a Debt Spreadsheet and Pay down our Consumer Debt. Last yea r we did this in the challenge and our debt is the same as it was last year, our mortgage. We are hoping to knock the number down drastically.
How do we only have a mortgage as our debt? Well...we pay cash for everything and if we can't afford it we wait until we can. We don't take out credit cards and we don't take out loans so this has really helped us to save!