I paid off £42k of debt in a YEAR by only ever buying four things, it’s totally changed my life

A WOMAN has revealed how she paid off over £42,000 worth of debt in a year by spending money on just four items.

Amber, who shares money-saving tips on her YouTube channel The Fairly Local Family, revealed that was desperate to pay off her loans after facing crippling debt.

The Fairly Local Family/youtube

Amber paid of £42k worth of debt in just one year by only buying four things[/caption]

Speaking in a recent video, the mum said: “I decided I’d had enough of us being in debt, we were in close to $70kCAD (£42k) worth of debt.

“It was pulling us under, we did not have a good quality of life because of it, we were living paycheck to paycheck.

“Most of those paychecks went to the credit cards and loans we had just to pay off the interest. 

“It got to the point where I just didn’t want to live like that any more, we weren’t being extravagant, we weren’t being frivolous we weren’t buying really big ticket items.”

Amber’s debt was made up of college and university loans as well as her husband’s car loans and personal loans.

The couple took part in a no-spend year challenge, ditching all purchases unless they were completely necessary, limiting purchases to just rent, food, car insurance and bills.

Amber explained: “We weren’t eating out, we weren’t going to the movies, we were not buying things that were not an absolute necessity.

“I didn’t go to stores or window shop I wasn’t buying anything other than food really, going grocery shopping was the highlight of my week.”

In a bid to hurry things along a little Amber also sold any possessions that she didn’t absolutely need which included the family sofa, tv and even her wedding and engagement ring.

Six years after starting the challenge the couple are now debt-free.

Amber adds: “We don’t have any credit card debt, we have paid off all our loans and we haven’t accumulated any besides our mortgage.”