And then, somehow, it just clicked. Francine started saving and budgeting – and as mysteriously as her debt accumulated, it began to disappear. Of course, her success was no mystery to her credit counselor.
“The remarkable thing about the Bosticks is their total commitment to repay their debts,” says Bob Mackey, president of HCCI. “For five years, they worked second jobs, lived on a very lean budget, and paid $2,496 each month toward their debt repayment plan.”
That’s right – Francine went from “buying a new purse for $120 when I could’ve got it for $60” to working four hours a night for four nights a week for her local school district – as a janitor. On the weekends, she ran an Avon business. Meanwhile, even though his dementia was slowly taking over, Jim worked 30 hours per week delivering auto parts.
While they were both busy and exhausted from the extra work, they were also too busy to spend more money.
“During those five years, I got used to buying just what we needed,” Francine says. Another one of her novel tactics: “If something costs over $50, we’d go home and think about it for a few days. Lots of times, we never went back for it.”
And then, miraculously, it got easier.
Francine is happier than she’s ever been, and she insists her standard of living hasn’t diminished – much.
“We don’t go out to eat as often as we used to,” she says. But she savors the experience more now.
And, she says, “You have to have a little splurge.” For her, it’s purses. But now, she never spends more than $50.
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: Ask Stacy: Where Can I Go for Help with Debt? Dealing with Debt: Credit Counseling Will Credit Counseling Hurt My Credit Score? The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.