The road to debt freedom is paved with several obstacles and challenges. Breaking out of debt can be a long, meticulous process, and the paycheck to paycheck cycle is often hard to break. But aside from budgeting and cutting corners, there are other ways to make a difference. An important but often overlooked factor is building smart money habits to avoid running into future debt troubles, and shaking any bad habits we’ve picked up along the way for good.
Kristin Sutton is our guest on today’s episode of The His & Her Money Show. Kristin is a licensed therapist and the founder of DebtFreeBlackGirl.com, where she offers practical advice and coaching for young women to be more savvy in managing their finances — a much needed service that she would have benefited from herself a few years ago. Today she sits down with us to share her own experiences with debt and tell us all about how she got on the right track.
Kristin always had everything she ever wanted in life — until she got to college and everything started changing. After years of unwise money management and racking up debt, she found herself with over $100,000 in student loans. She quickly realized that the only way to get out from under this financial burden was to totally take back control of her finances and completely change her mindset AND her lifestyle — and did she ever! Since starting DebtFreeBlackGirl.com in May 2016, Kristin has payed off $10,000 and is determined to continue on her way to being debt free!
WHAT YOU WILL LEARN IN THIS EPISODE
- How Kristin’s experiences taught her how to be a smart spender
- Common lifestyle choices that can lead to debt
- How Kristin stays focused on her journey to financial freedom
- 8 ways to break free from the paycheck to paycheck cycle
- Simple ways to cut excess expenses
- 8 Ways To Break Free Of That Paycheck To Paycheck Lifestyle – by Kristin Sutton
- The Total Money Makeover – by Dave Ramsey
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