Mom pays off $72,000 in student loan, credit card debt using these tips.
Over the next few years, Courtney said she transferred to two different colleges, including at one point living back at home and attending a community college, to try to lower her student loan debt.
"I was deferring my loans, but I wasn't deferring the interest, so though I was deferring making those payments, I was adding to my balance," she said."I didn't have the financial literacy to understand what I was doing and the full implications of what I was doing." Things started to change for Courtney when she started dating her now-husband and they had conversations about their finances.
With that foundation in place, Courtney spent the next nearly eight years paying off $50,000 in student loan debt and $12,000 in credit card debt.Amanda Courtney, 36, of San Diego, California, celebrates paying off $75,000 in debt. Courtney said she made sure that even while she was focused on paying off her debt, she allowed herself to continue to live her life.