In this episode of The His & Her Money podcast, we’ve got an incredible story for you. Meet Kristopher and SaVaughan, a court officer and medical receptionist by day, pastor and first lady of their church by night. Married for 17 years and with 2 children, they managed to pay off 52k of debt in 32 months.
With a combination of tax payments, medical bills, student and car loans, and credit card debt, they had been struggling with their finances for years before finally deciding to make a change.
But once they took their first step towards debt freedom and the bills started disappearing, they were motivated to pay it all off.
Many couples struggle seeing eye-to-eye when it comes to finances, and Kristopher and SaVaughan were no exception. Exhausted and accustomed to being in debt, Kristopher had become jaded and relied solely on his faith in God to get them financially stable.
SaVaughan shares how she used actions rather than words to get her husband on board, showing him that faith required not only a belief but also action towards their goals.
Once Kristopher was on board, budgets were made – they even brought their two daughters into their journey as both participants and accountability partners.
Kristopher and SaVaughan discuss how becoming debt-free strengthened their marriage, gave their children motivation and knowledge of managing finances, and how, despite a myriad of challenges, they stopped accepting their debt and took action towards building more financial stability in their family.
What You Will Learn
- How to shift your mindset to make financial changes
- How to take action on your faith in getting rid of debt
- Ways to get your children involved in your financial journey
- Establishing a supportive community
- Making changes and budgets to increase debt payments
- The impact of a debt-free journey on marriage
- Taking the first step towards tackling your debt
Resources Mentioned
- The Total Money Makeover by Dave Ramsey
- Rich Dad, Poor Dad by Robert T. Kiyosaki
Thanks For Listening!
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Special thanks to Voleo for sponsoring this episode. Voleo is the first mobile app designed to help people invest in stocks together through investment clubs. Visit HisandHerMoney.com/Voleo for more info.
