Young couple lives in a cheap RV to pay off $50,000 of debt

Millenial couple Zack and Jen McCullock knew they had to do something drastic to pay off their debt, so they decided to tackle it head-on by living in a cheap RV.

Between them, the two had $50,000 in debt, mostly from student loans. Both worked entry-level jobs at non-profits, so they weren’t going to pay it off anytime soon.

Related: Couple pays off $300,000 of debt and now travels in an RV

“We looked at the amount of time it was going to take to pay it off and it blew our minds,” Zack said. “Making minimum payments, it would take us 1o to 15 years, and we were like, ‘is this for real?’ and ‘do people really do this’?

They sure do. According to CNBC, 70% of college grads have debt, and over 44 million Americans have over $1.4 trillion in student loan debt combined. Insane numbers, right?

How they tackled their debt by living in a camper

Zack and Jen bought a camper for $3,400 and planned to move out of their apartment in Oklahoma. They zeroed in on a 31-foot, lightweight Trail Manor 3412, a pop-up style camper with a hard shell exterior.

It had basic necessities like a stove, toilet, and shower.

Zack and Jen then spent $500 renovating the cheap RV to make it feel more like home. This includes painting the walls white, changing the curtains, tearing out old cabinets and putting in a small TV. Also, the couple built an outside deck where they put patio furniture and a grill.

Photo: www.yourmoneyyourfreedom.comThey paid $75 per month to park the cheap RV on a piece of family land outside Oklahoma City, got rid of tons of stuff, and put the essentials in a storage unit.

“We only had room for our favorite 10 shirts, plus a couple pairs of pants and a few pairs of shoes,” Zack said about living in a camper full time. “We had to be selective. We’d go to the storage unit and swap clothes out during the seasons.”

Then, the couple zeroed in on their debt. They negotiated cheap renters insurance, canceled subscriptions for monthly services like Audible and Hulu, and used the local library rather than buying new books.

Related: Woman pays off $91,000 in debt in just one year

The two also looked at their food bill. Jen and Zack loved to shop at Whole Foods and Sprouts, but decided those stores were just too expensive when they were also trying to pay off debt. So, they started shopping at the discount grocery store Aldi, while purchasing food to cook at their camper trailer from WalMart.

They also stopped going out to eat.

With all these expenses slashed, the couple started paying $3,o00-$4,000 toward their debt every month.

Photo: www.yourmoneyourfreedom.com

The challenges of living in a camper trailer

The couple said that even though living in the camper was cozy, it wasn’t always easy.

“We moved in in July, so we were there in the hot, hot heat of Oklahoma,” said Jen. “Our AC was broken, and we had to fix it. That was stressful. Then when it became winter it was so cold. We had a propane furnace which we couldn’t leave on all day. When we’d come home from work it was frigid.”

Related: How we paid off $91,000 in debt while full time RVing

They also had a close call with a tornado and hid in a nearby shelter while the winds thundered past.

“When we came out of the shelter, there were 100-foot trees down all around the camper, almost on every side, so it was crazy nothing happened to the camper,” said Zack. “We were blown away….not literally….it was amazing that somehow it survived.”

He said another big challenge to get used to while living in the camper was the lack of alone time.

“In the camper trailer, the furthest we could be from one another was literally 5 to 8 steps,” said Zack. “We found ways to re-charge and spent a lot more time outside working or spending time around town in coffee shops or in bookstores.”

And after 11 months of full-time RV living, they were debt-free.

Photo: www.yourmoneyourfreedom.com

What they decided to do next

“When we moved back into an apartment, Zack and I wanted to start a business,” Jen said. “We have a big passion for helping others become financially free because of how much satisfaction it brought us. So, we launched a blog and a business for millennials called FreeUp.” ( www.yourmoneyourfreedom.com)

Zack said we should think of debt as a luxury.

“I’ve traveled in a lot of third world countries, and one of the main reasons people can’t get ahead is that they can’t borrow money to fund a business, buy a house, or go to school,” he said. “It’s a luxury we have, but it ends up being too easy for people just to rack up debt, especially when you ask 17 and 18-year-olds to sign 4-year student loans. I think in general that’s why we wanted to start the blog, to just to help people understand their debt.”

While living in a camper full time isn’t for everyone, there are ways to cut back and save to pay off debt.

I think Zack and Jen are awesome and prove that sometimes, you just have to do what it takes to pay off debt. Debt can really cripple us, tie us to desk jobs we hate, cut down on our vacation time, stress us out. I think being debt-free should be the number one goal for everyone, and there’s something you can do to save today, whether it’s small, like cutting out cable, or big, like moving into a camper.

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Kristin Hanes

Kristin Hanes is a journalist who founded The Wayward Home as a place to learn about alternative living. She currently lives on a sailboat and in a Chevy Astro van, and has written articles about alternative living published in Good Housekeeping, Business Insider, Marie Claire and SF Gate. Read more about Kristin here.