My wife and I recently accomplished a major milestone, we paid off all of our consumer debt! We made sure not to carry balances on our credit cards and we didn’t let our debt get out of control. But we did use our credit lines to buy a car, help pay for our wedding, get renovations completed for the HRTC and to prepare for our newborn.
With my wife’s parental leave coming to an end soon, we knew we would need to eliminate our debt to be able to afford for her to stay home to look after our son. To both pay off our debts and prepare for living on one income, we simply used the maternity leave and parental leave payments to reduce our debt. Sin