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David has helped Sally and Dan get honest with themselves about their finances—now they have to be truthful with their friends and family. Sally and Dan decide to reveal everything about their debt to them. Although Sally says many people were "very shocked" by the news, they've reacted with "nothing but a hundred percent support."

Now that the secret is out, Sally says she can be honest with friends. "When you're asking us to go out to dinner and we can't do it, it's because we're cutting back on our Latte Factor®!!" she tells them.

In fact, David says cutting back on little things—like eating out with friends—can add up to big savings. David helps the Egglestons pinpoint areas where they can cut back on spending per month. By making small changes like carpooling, reducing cable and cell phone packages, and eating out less frequently, the Egglestons can save $504 a month! Dan decides to make his biggest sacrifice yet by selling half of his Chicago Bears season tickets—that's another $1,000 saved.

"It's been hard, it's not easy and I don't want to make it look like it's easy," says Sally. "But we're committed. We've got to beat this monster!"
FROM: The Debt Diet: Part 4
Published on January 01, 2006