Our Car Payment was Bigger than our House Payment

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Bruce and Andy have an unbelievable story. They once had a car payment that was bigger than their house payment and today they are completely debt free! This turn around happened in only 7 months! How can a family go from living in a trailer, carrying debt, and then having financial freedom quickly afterwards? The answer: they made that choice!

So if we back up a little bit, I’ll tell you their story. They were normal just like you and I, and everyone else. They got married, bought a house they really couldn’t afford, liked stuff, had two kids, liked even more stuff, and slowly created a large problem that revolved around – DEBT. After they lost their home to a short sale, they did what any of us would do – they bought a trailer and moved into Mom & Dad’s backyard with their two boys.

Trailer Life

I knew Bruce when this was going on and I remember saying to myself two things: “Is this really happening?” and “Wow, his wife is cool”

They were living in a trailer because they were willing to sacrifice A LOT now to win later. They were going to start their new journey, however they were starting off in a mountain of debt. They had two auto loans, a credit card, and their trailer they were living in. All together this added up to $75,000. However, they had a great plan. They were going to sacrifice a lot now to win later. My hat goes off to them for having this hope, but the only problem was they didn’t have a map on how to get there. I have said this before, but if you wander around aimlessly, you will go directly nowhere in a hurry. Unfortunately for the Ptacek family – that’s exactly what happened.

“I can honestly say the lowest point of our marriage was when we sold our house to move into a trailer and we still couldn’t pay off anything or save big at about 5 months in. When we needed to do our first budget I had a melt down. How did we get like this? It felt like everything was crumbling around us and we were failing” 

They had lost hope. Nothing seemed to be working for them. Why did everyone else seem to be doing so well and they were struggling so badly? None of their friends were pulling their house up to the pump out station once a week and why did Andy’s closet look like the size of a briefcase? They needed a change and finally were willing to let go of their way and learn how to really handle their money. They took the first class we hosted through Dave Ramsey’s Financial Peace University as a last ditch effort to gaining control of their money. However, they were still one foot in and one foot out until they heard the joke in one of the lessons that goes:

“If your truck payment is bigger than your house payment – you might be a redneck”

Ouch! It finally hit Bruce. It him hard. I remember having this conversation with him: “I pulled up in my parents’ driveway in my $30k truck. When I stepped out of the truck and was walking through the backyard gate, I stared at the trailer which my wife and kids had called home for a year. Then I looked back at my truck. At that moment I said to myself – What the hell am I doing?

Sometimes we do dumb stuff with our money. We also used to do it quite frequently, and every time – it sucked. But, the best part of doing dumb with money is what we get to do to reverse the dumb into awesome. Bruce and Andy created a budget and started doing it together for the first time in their marriage.

They sold the truck and bought a used Bronco for $4k. Then they took their tax return and paid off her car, and quickly knocked out their credit card balance. They saved up 4 months worth of expenses for their emergency fund. Finally, after 1 year and 1 day, they moved out of the trailer and into an affordable rental house. Soon afterwards they sold their trailer and became debt free.

In only 7 months, they paid off $75,000 in debt!

They didn’t owe anyone a dime. Can you imagine the feeling they must have had? They went from living in a trailer in their parents’ backyard, deeply in debt, looked at by their friends as if they had a giant sign on their forehead that said “Please Ridicule Me”, and feeling hopeless! I truly think they were supposed to go through these challenges so they can share their story and help others win with money!

Where Are they Now?

“Our marriage is stronger every day. Marriage takes teamwork all the way around. When it comes to finances, we’ve finally got the same play book. There’s no blame, there’s no feeling like it’s all on one person’s shoulders. We’re a strong team all the way around and the kids notice it too.”

Bruce and Andy are awesome. Period. They are humble, they have huge hearts, and they want everyone to know there is a better way to live. They now have money to give to those in need. They recently were able to go on a mission trip to Mexico to build a house for a family in need – how freakin’ cool is that?!– and have generously given to others that were hurting. They are able to buy things they need – and want – because they don’t carry debt. DUH!

Today they are still in their rental home and socking away large amounts of cash each month for a giant down payment on their forever home. This home is going to be different: it’s going to be on a 15 year mortgage with 20% down, it’s going to be the result of all their hard work and sacrifices over the past few years, and it’s going to be a blessing.

They never were able to take a honeymoon when they first were married because they were broke. They are planning a trip to Hawaii for their 10 year anniversary. What an awesome story!

If you have questions, want to throw a shout out, or simply want to give these two a virtual fist bump – Leave a Comment below!

Do You Know Someone Who Needs to Read This?

As always, I first want to thank you for reading this blog because this means you are reaching for awesome with your money! I will keep putting content out there for anyone to gobble up and implement right away, however if you could help me out by sharing this post on your favorite social media platforms, it would mean the world to me! Just click on any of the social share buttons at the top or bottom of this post and you’ll be giving me a virtual fist bump, high-five, and a pat on the back. Thank you again and again!

-Chris Peach


Chris Peach Author 150x150

Chris Petrie

Chris (Peach) Petrie is a personal finance expert, money coach, speaker and podcaster.

In 2011, Chris and his family were exhausted from living paycheck-to-paycheck and facing a mountain of debt. They started going against the society standards of misbehaving with money and made the decision to take back control of their lives and money. Within seven months they paid off $52,000, started saving like crazy and began building real wealth.

The word spread fast and Chris started showing friends how to create a budget over dinner. Soon after he started showing their friends how to do the same and eventually Chris started teaching personal finance classes around the community. As the need for the classes grew, Chris launched Money Peach in 2015.

Money Peach was created to help everyday people remove the stress and fear of money by showing them how to save more, make more, and keep more of their money.

Chris Peach has been featured in places like Business Insider, The Huffington Post, Elite Daily, and CheddarTV.

When Chris isn’t at “work” he can be found at the Crossfit gym or riding on the fire truck — Chris is also a full-time firefighter in Phoenix, Arizona.


  • You two are amazing!!! What an inspiring story and proof that teamwork is the ultimate choice! Way to go you guys!!! So so so happy for your family of four!!!!!

  • A very nice story of a couple who swallowed their pride to move into a trailer, in the parents back yard. Some people would never do that, they would much rather be behind the eight ball the rest of their life.
    The one thing we do is, use our credit card and treat it like checks. Every time we use it, we subtract it from our balance from the check book, when the credit card bill comes, the money is there waiting to pay off the bill each month. Once a year we take our travel t
    Points, and get the money, giving us several hundred dollars a year for vacation. This may not work for some people, but it works for us retired people.

    • Nadine, if it’s working, you’re paying it off each month, and you’re getting money towards your vacation – the AWESOME! However, the day you notice you’re starting to carry a balance – cut the cards into tiny little pieces. Some of us can win with credit cards and some of us need them out of our lives forever! (We needed to get rid of them because we became some of their favorite customers) – thanks for sharing

  • Kudos to the Ptaceks!! I start my first Dave Ramsey’s Financial Peace University class tomorrow and looking forward to being out of this thing called DEBT soon as well! Another great read!!

    • Good for you Steve! If you have any questions along the way, hit up “Ask Peach” at the top of this page. Good luck!!

  • YES! Love this!

    And would totally move into a trailer myself just to save money if my wife would let me, haha… Awesome story with an even awesomer ending 🙂 Way to go ceks!

    • Thank you J. Money! His wife is way too cool and even says she often misses the “trailer life”. Thanks for reading!!

  • Wow, what an inspirational story! Huge kudos to them for making the sacrifices that it took to knock out a huge amount of debt in a very short amount of time!

    • Hi Dee!
      Thanks for reading and you’re right – they are an inspiration. We teach a financial class throughout the year and we always bring Bruce in to tell his story. They are awesome people!

  • My favorite part of this great story is in the first paragraph: “they made that choice” [for financial freedom]. I think nearly all of us can choose to be debt-free and to save enough for a secure retirement. For some the challenges are bigger than for others, but for nearly all of us there is a path to financial freedom. But like the Ptaceks, some of us need a figurative whack up side the head to see and get started down that path!

    • Kurt,

      You are right-on! Winning with money is a choice. There are always going to be obstacles in the way, but often the biggest obstacle is ourselves.

  • This is so inspiring! It reminds me of the Tiny House Movement in a way. What a sacrifice, but it sounds well worth it in the end.

    • Heather,
      They made some huge sacrifices, but they are winners – and winning takes sacrificing. Thanks for the comment!

  • I love this because it is really kind our life right now. About 2.5 years ago we sat down and figured out all the debt….”normal” things like a car payment, one credit card, and bunches of student debt. We became disgusted at how much money we made but how much debt we owed. We tackled it and paid off about $115,000. Going whole hog, we listed our house to sell and had a contract in 4 days… With nowhere to go. I’m typing this from the bedroom of our travel trailer, where we have been living for the past 3 weeks we are closing on our “forever home” in 2 weeks and paying cash for renovation along the way. It is surreal to be on the other side. I agree about making the choice to continue to become debt free. It would have been quite easy to give up. But I look at all we accomplished and I’m so darn proud of us that I don’t even care our friends feel sorry for us!

    • Kara,
      Wow! That is impressive. You don’t come across too many people paying off $115k in debt! Congrats on your “forever home” and thanks for sharing. Very cool!

  • I was so inspired by Chris and his story to get out of debt and work towards financial freedom. I motivated my husband and I to get into Dave Ramsey and complete the program that Chris was so passionate about, get out of debt and live like no one else. It has truly forever changed our lives and I am grateful to Chris and Andrea for being amazing people who were such great examples of a couple who just wanted to do it. I watched them succeed and they inspired that desire in me. We paid off all our debt in 4 months by working together and sharing a common goal and it feels amazing! Chris is an excellent teacher and is so passionate about helping people achieve financial freedom!

  • A lot of people use Car as a showing off tool rather than what it supposed to be. Well if they can afford it then that’s fine although a lot of them really can’t afford it and find themselves with pile of debts. Hope people read your blog and assess where they are with their finance.



    • You’re spot on! We always tell people we are coaching to buy the big items when they can AFFORD them, which means they have the cash to actually buy them. If you have saved up your hard earned money and really want to show off with _________, then make yourself happy. BUT, know the opportunity costs of “showing off”! Thanks for the comment sir! I’m a fan of your site – keep it up from Canada

  • whoah this blog is great i love reading your articles. Keep up the good work! You know, a lot of people are searching around for this info, you can help them greatly.


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