Some people may pride themselves on being thrifty and perhaps think of their money-managing skills to be very efficient… until they see the numbers on their bank account statements.
Many times we find it difficult to pass on an amazing deal and think we saved ourselves some money. We sometimes even celebrate and commend our skills for getting huge discounts off of the items that we purchased. The question is: Did we really save ourselves money, or did we delay our financial future?
On this episode of The His & Her Money Show, we have Danielle McFadden to talk about how she ended up changing her views about being thrifty, and ended up paying off $13,000 in 8 months! Daniellle is also a proud member of our FREE Facebook Group: Smart Money Couples.
Danielle started off following people talking about financial success, which encouraged her to check her credit card statements, and realized she needed to pay off her debt as soon as she can. Believing she was doing well at directing her finances, Danielle had an awakening and realized how much money she was unnecessarily expending.Sometimes we have to say no to people. Even I have to say no to myself.Click To Tweet
It was a very sudden change in lifestyle for Danielle, and there were ups and downs throughout her journey to debt-freedom. But with a systematic plan, with well thought out strategies, keeping her eye on the prize… and an occasional conversation with herself… Danielle was able to avoid paying a lot more money than she owes to the credit company.
After her debt-free journey, Danielle finally has more time with her friends and family, and can afford the things she enjoy in life without worrying about debt. With her experience, Danielle can sympathize, relate, and help motivate people who are struggling on their journey to become debt-free. In Danielle’s words: “I wish I never had to experience that (being in debt). But I’m glad that I was there because I’m able to help other people.”
What You Will Learn In This Episode
- How Danielle figured out exactly how much extra money she’s expending.
- How zero-based budgeting helped Danielle speed up the process of paying off her debt.
- How Danielle was able to avoid unnecessarily spending on discounted items.
- Why it helps to have an accountability partner.
- Great words of encouragement from Danielle for people who may be struggling on paying off their debt.
Resources Mentioned In This Episode
Thank You For Listening!
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