Styfield's dogs swimming at the local lake.
I'm a full-time outreach advocate at an insurance nonprofit and part-time law student in Nashville, Tennessee.
I'm a bearded 29. I've got a wife and two rad dogs, and I may or may not be a hipster. I like LPs, wear glasses, and drink coffee from a mason jar. It is what it is. I get it.
But if anything, I'm an accidental hipster.
The same can be said of my status as a debtor. There's no killer story behind our debt. Just bad decisions: buying things we didn't need with money we didn't have. Like the time we went for a scenic drive and came home with a dog, or the time we bid on (and won) courtside 76ers seats at a silent auction.
One Sunday morning in September of 2010, we added up the digits and realized that between student loans, credit cards, and a car loan, we were about $67,000 in the hole. I remember sitting there for a moment, just looking at that number. It was heavy. Even worse than when Nate Ruess left "The Format" and then "Fun." got big on the scene.
But that morning we decided to make a change. We were going to become debt-free, and after running the numbers and putting together a budget, we realized we would be able to do it within 36 months.
Back then, we were both working entry-level jobs, and together we raked in around $45,000 a year. So we decided to live as cheaply as possible, and just throw money at debt like it was going out of style. We settled on the snowball method, which tackles one debt at a time, and began to pay off the $7,000 we owed on the credit cards.
Styfield and his wife, looking out over the pond where they were married.
Our income, less our needs (not wants — those went out the window when we realized how broke we were) meant we had about $350 per week we could put towards debt while still contributing to retirement and saving for the house we wanted to buy before turning 30, and that's exactly what we did.
We ate a lot of rice and beans, and a good amount of spaghetti. We learned to bake our own bread and started a garden (organic, which is admittedly a little hipster-ish). We hustled on the side — working overtime, taking gigs as secret shoppers, scouring Goodwill and flea markets for things we could sell on eBay — and put any extra money towards debt. We gave up the $4 coffees and Sunday brunches on the east side of town. If you're struggling with money, the coffee habit matters.
About four months later, we made the final payment on the cards. It was an accomplishment, for sure. But we still owed $17,000 on our car, so we kept on. Our salaries went up a little. I got a promotion, and the Mrs. took a new job as an information systems analyst.