[Simplify & Enjoy] Creating a Debt Free Plan That Fits You

Dealing with debt can be a grind, especially if you have a ton of debt or if it is high interest. Today we’re going to see how the debt lasso method can speed things up with credit card debts and we’ll get tips on how to pay off over six figures of debt without sacrificing fun!

Creating a Plan to Pay Off Your Debts

One of the most popular goals families make when it comes to money is paying off their debts and with good reason. 

 

Even before the pandemic, debts were a considerable chunk of an average American family’s budget. 

 

The median household consumer debt was $67,000 according to data in New York Fed's quarterly Household Debt and Credit Survey.

 

Getting rid of that debt is not always so easy. 

 

You need something that is realistic so you can stick with it as well as a way to speed things up if you’re deep in debt. 

 

We’re going to look at how you can create a debt free plan that fits your family and budget. 

 

Today’s financial experts are John and David Auten-Schneider and Toni Husbands. 

 

In this episode we get into:

• Deciding which plan would work best
• Getting your spouse on board
• finding that balance between hitting your financial goals still enjoying your life

Let’s get started!

Listen to the episode on Apple Podcasts, Spotify, Android, or on your favorite podcast platform.

Resources to Dump Your Debt Faster

If you’re looking to create a debt free plan that fits your family, budget, and timeline here are some helpful resources to review. 

 

• Money Apps for Families: Personal Capital, Tiller, Mint
• Jumpstart Your Marriage and Your Money
• Debt Lasso
• Debt Free Guys
• The Great Debt Dump
• Debt Free Divas

If you’d like to chat more about your money system, please join us in our private and free Facebook group – Thriving Families. 

We’re families looking to support and help one another out.

Hope to see you there!

Thank You to Our Sponsor Coastal Credit Union!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been members for years and love their service and competitive rates on checking and savings accounts!

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

• Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
• Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your rating and review on Apple Podcasts.
• Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Our theme song is from Staircases. Additional music by various artists from Audiio.