If you’re paying on your debt every month but still not seeing progress, this episode breaks down why. I explain exactly how debt consolidation works, the two most common ways people do it, and what to watch out for before deciding if it’s right for you.

We talk through debt consolidation loans and balance transfer credit cards, including the benefits, risks, and common mistakes that can leave people worse off. Debt consolidation isn’t a magic fix, but when used intentionally, it can be a helpful tool as part of a bigger plan.

You Might Like:

• Get the FREE Goodbye Debt Tracker!
• Grab my FREE Budgeting Cheat Sheet.
• Get the Budget My Paycheck Spreadsheet.
• Follow Allison on Instagram! @inspiredbudget
• Check out Inspired Budget's blog.
• Take my FREE class on How to Budget to Build Wealth!