This Retired Teacher Paid Off $90k in 14 Months — How?

The Income Side of the Equation

On a teacher’s pension and Social Security, Margaret had a fixed monthly income. She did not dramatically increase her income — though she did pick up two tutoring clients who added approximately $600 per month. What she did instead was conduct a ruthless spending audit.




Every subscription. Every dining expense. Every impulse purchase category. She found $1,400 per month in spending she could eliminate without fundamentally changing her quality of life.