"As a stay-at-home mom to three young children, I have had to learn to live a frugal life. In 2007 my husband and I were $37,000 in debt. We decided enough was enough, and we sat down to hammer out a budget. We also resolved to always shop with cash. When you use cash exclusively, you cannot overspend, because you have only a set amount of money in your pocket. The strategy also opens the door to negotiating for appliances and other big-ticket items. Sticking to our budget helped us completely eliminate our debt in 27 months."
—Tracie Fobes, pennypinchinmom.com