$77,000 in Debt and Afraid Her Kids Will Follow

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Debt Calculator here: https://www.vertex42.com/Calculators/debt-reduction-calculator.html
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Should you put every extra dollar toward paying off debt, or should you save for future expenses first?

In this session, I help a mom with $77,000 in debt build a realistic debt payoff plan. We review her YNAB budget, find an extra $325 per month for debt payments, and discuss how to save for true expenses without falling back into debt.

But the biggest breakthrough is when we uncover her deeper motivation for getting out of debt: breaking generational spending habits and building a better financial future for her kids.

▶️ Chapters:

0:00 Intro
05:59 – Building a Debt Payoff Strategy
10:47 – Reviewing Her YNAB Budget
18:22 – The Problem With Miscellaneous Spending
30:00 – Opportunities to Cut Back
35:00 – Speeding Up Debt Payoff
37:07 – Emergency Fund?
41:17 – Her Real Motivation
47:20 – Breaking the Credit Card Habit


Use My YNAB Affiliate Link for a free month: https://mappedoutmoney.com/ynab

Interested in working with me?: https://mappedoutmoney.com/coaching/
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My Website: https://mappedoutmoney.com/
Podcast: https://podcasts.apple.com/us/podcast/mapped-out-money/id1503281170
Twitter: https://twitter.com/nickdtrue