Paying off debt can be a tough process. But it’s also one of the most rewarding things you can do. The key to paying off your debt is to get started on it as soon as possible. The longer you wait, the more interest you’ll pay and the longer it will take to pay off all those balances.
It’s essential to keep track of your accounts and how much money is coming in and going out each month. This will help you manage your budget and ensure you’re not spending more than you have each month.Take inventory of all your debts by writing them down on paper or in an app. If you’re paying off multiple loans, list each separately so you can see exactly how much money goes toward each one every month.
In this episode of His and Her Money Show, we are joined by Kristin Stones, a finance coach, to share some tips on dealing with debt. She helps people learn how to love life on a budget, and also, women take back their finances and live a more purposeful life.
Kristin shares some insights on the things that changed how she tackles finances, the crazy financial goals that she has accomplished, the things that will allow you to progress financially, tackling multiple financial plans simultaneously, and the benefits of attacking debts in an organized manner. She shares some tips on how to stay motivated on your goals. Tune in to learn more on this and other exciting topics!
What You Will Learn:
The situation that changed Kristin’s way of tackling business
Financial communication in marriages
The things that will allow you to make progress financially
Crazy financial goals that Kristin accomplished
Finding out the amount of debt that you are in
Getting out of debt and attempting entrepreneurship
The benefits of attacking debt in an organized manner
