Many people get into debt not just because they spend too much, but at times circumstances arise in life where some feel forced to use their credit cards. Paying your debt sometimes involves sacrificing a lot of comfort and desires, but it doesn’t have to feel that way forever. We have a lot to cover as we talk with Mike and Tawra in this episode, as they share with you how they got out of their $20,000 debt despite only earning a $22,000 income.
Mike and Tawra went through fortuitous unfortunate events that caused them to slip deep into debt, even as they started off paying Mike’s initial debt before marriage. They were focused and had their minds made up that they were going to rid themselves of their debt once and for all.
They put to practice some strategies that helped them spend less and get a better approach to spending their money wisely, even after paying their debt off.
Mike and Tawra provide lots of money-saving content on their site Living On A Dime. They also have plenty of books and eBooks available to help you minimize expenses on cooking, groceries, and lots more.
What You Will Learn
- Why fear is the biggest culprit to getting into debt.
- How Mike and Tawra figured out how to take care of their needs without spending much money.
- How they learned to spend money on the right things.
- The lessons they learned during the process of getting rid of their debt.
- Their advice on how to start paying your debt with minimal struggles.
- Why there is no emergency big enough to use credit cards.
- How to indulge in some frills without spending a ton of cash.
Resources Mentioned
Thanks For Listening!
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