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#197 Q&A - Part 5 - Should you use the debt snowball for 0% int medical debt, invest or pay off debt, being house poor, starting to use cash
Welcome back to the Money Mindset Podcast!
In today's episode, we're tackling crucial questions, from managing 0% interest debt to making the switch from credit cards to cash. Join us for quick insights into staying motivated with your budget and navigating challenges when you feel "house poor."
Ready to dive in? Hit play and let's explore these essential money mindset topics together. Don't forget to leave your messages for our 200th celebration!
Hosting Today:
Hey, I’m Ashley Patrick, a personal finance expert and founder of Budgets Made Easy. I help busy moms create systems to save money and pay off debt so they can reach their big dreams faster and easier.
I was able to pay off $45,000 in just 17 months including $25,000 in student loans in just 10 months. I’m a Master Financial Coach and have a bachelor's degree in psychology and will help you get to the root of your money problems.
Since my journey started I have been featured on Fox Business, Yahoo! Finance, Food Network, USA TODAY, MSN, CNBC, NerdWallet, and many others.
“Keep in mind that a budget is just a plan for your money. And so the motivation to stick with it is the bigger piece, right? And it takes a lot more time. You're gonna have ups and downs in life, ebbs and flows, different seasons. That's normal. And I think when you release this expectation that you're gonna always be motivated or you're just always gonna get it right and lower your expectations, be a little bit more realistic with your expectations, you're gonna be able to just keep going even when you aren't motivated.”
- Ashley Patrick
Timestamps:
00:00 - Introduction and 200th episode celebration message
03:03 - Question 1: Prioritizing 0% interest debt
06:33 - Question 2: Transitioning from credit cards to cash
10:04 - Question 3: Finding motivation in your budgeting journey
13:48 - Question 4: Dealing with being "house poor"
17:49 - Question 5: To pay off debt or keep investing?
21:04 - Wrapping up and 200th episode celebration reminder
If you need help paying off your debt, go to www.budgetsmadeeasy.com/debt for your Paying Off Debt Starter Kit. This will help you really get going on your journey to longer-term investing strategies.
And if you enjoyed the podcast today and got some great takeaways, I’d really appreciate it if you followed the Money Mindset Podcast so you don’t miss out on future episodes.
Resources and Links Mentioned:
Connect with Ashley:
Instagram: www.instagram.com/budgetsmadeeasy
View all episodes
By Ashley Patrick
4.8
5858 ratings
Welcome back to the Money Mindset Podcast!
In today's episode, we're tackling crucial questions, from managing 0% interest debt to making the switch from credit cards to cash. Join us for quick insights into staying motivated with your budget and navigating challenges when you feel "house poor."
Ready to dive in? Hit play and let's explore these essential money mindset topics together. Don't forget to leave your messages for our 200th celebration!
Hosting Today:
Hey, I’m Ashley Patrick, a personal finance expert and founder of Budgets Made Easy. I help busy moms create systems to save money and pay off debt so they can reach their big dreams faster and easier.
I was able to pay off $45,000 in just 17 months including $25,000 in student loans in just 10 months. I’m a Master Financial Coach and have a bachelor's degree in psychology and will help you get to the root of your money problems.
Since my journey started I have been featured on Fox Business, Yahoo! Finance, Food Network, USA TODAY, MSN, CNBC, NerdWallet, and many others.
“Keep in mind that a budget is just a plan for your money. And so the motivation to stick with it is the bigger piece, right? And it takes a lot more time. You're gonna have ups and downs in life, ebbs and flows, different seasons. That's normal. And I think when you release this expectation that you're gonna always be motivated or you're just always gonna get it right and lower your expectations, be a little bit more realistic with your expectations, you're gonna be able to just keep going even when you aren't motivated.”
- Ashley Patrick
Timestamps:
00:00 - Introduction and 200th episode celebration message
03:03 - Question 1: Prioritizing 0% interest debt
06:33 - Question 2: Transitioning from credit cards to cash
10:04 - Question 3: Finding motivation in your budgeting journey
13:48 - Question 4: Dealing with being "house poor"
17:49 - Question 5: To pay off debt or keep investing?
21:04 - Wrapping up and 200th episode celebration reminder
If you need help paying off your debt, go to www.budgetsmadeeasy.com/debt for your Paying Off Debt Starter Kit. This will help you really get going on your journey to longer-term investing strategies.
And if you enjoyed the podcast today and got some great takeaways, I’d really appreciate it if you followed the Money Mindset Podcast so you don’t miss out on future episodes.
Resources and Links Mentioned:
Connect with Ashley:
Instagram: www.instagram.com/budgetsmadeeasy
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