Recently Riverside was the site for a Financial Peace University class hosted by Phil and Andrea Patrie. Sixteen families attended with ages ranging from college student to parents of college students. The stats provided below is from that 9 week class.
The debt pay off summary :
Beginning total non-mortgage debt: $314,884 for 13 families
Ending total non-mortgage debt: $258,738 for 6 families
Debt paid off for 6 families: $56,146.78 which is an average of $9,357.79 per family!
You also saved a lot while paying off debt! We saved a total of $69,951.48 for 7 families, which is an average of $9,993.06 per family.
We paid off almost as much as we saved, which is a net $18,014.02!