In 2008, Cherie and Brian Lowe found themselves deep underwater. The coupleowed over $127,000, including student loans, credit cards and car payments.
After several failed attempts at prioritizing paying everything back, Brian came home one day and pitched a vision to Cherie of what their family's lives could look like without the debt. That did it.
The couple decided it was time to make a permanent change and get a handle on their finances. On April 2, 2008, they set out on the first day of a 15-year plan to become debt-free.
Just shy of four years later, on March 28, 2012, the Lowes made their final Sallie Mae payment, way ahead of schedule. They had conquered $127,482.30 in debt and interest. Cherie documented the adventure on her blog, Queen of Free, and in her book, "Slaying the Debt Dragon: How One Family Conquered Their Money Monster and Found an Inspired Happily Ever After."
And the first step the couple took to break free from debt didn't involve paying back a single penny.