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A Simple Mindset Shift for Financial Freedom
How can a simple mindset shift, like treating your budget as if you always have a car payment, lead to financial freedom?
In this episode, Ben shares a powerful perspective change inspired by his uncle's approach to car payments, which involves saving as if you have a payment even after the car is paid off, to achieve financial freedom. Ben also answers a listener's question about overspending, providing actionable tips for setting up systems to support better financial choices.
Topics Ben explores in this episode:
(00:00) A Mindset Shift That Changes Everything
* A story about how Ben’s uncle avoided car loans by treating savings like a monthly car payment.
* Creating a “fake bill” system helps avoid future debt and financial stress.
(05:15) Make Every Dollar Count
* Give every dollar a job before it disappears into the void.
* Set simple, automatic money rules that reduce decision fatigue.
(10:52) Spend Intentionally, Not Emotionally
* Avoid justifying purchases with sales or emotional reasoning.
* Saving for fun purchases removes guilt and helps keep your budget on track.
(15:40) Small Steps, Big Impact
* Start with one habit, like saving a car payment amount monthly.
* Use the same mindset to fund repairs, gifts, or your emergency fund.
(19:35) A Listener’s Real-Life Struggle
* Jake’s question highlights the gap between budgeting intentions and follow-through.
* Use tricks like deleting saved cards or the 24-hour rule to slow down spending.
(25:28) When You Need a Fresh Start
* Sometimes the best solution isn’t just budgeting—it’s bankruptcy.
* Ben offers perspective on bankruptcy as a tool, not a failure.
Learn more: https://debtsucks.info
Talk with Ben Matthews: 803-799-1700
Subscribe to the Debt Sucks Podcast!
Apple: https://apple.co/3Fz2vXE
Spotify: https://spoti.fi/4kvltyl
YouTube: https://www.youtube.com/@DebtSucksPod
Facebook: https://facebook.com/debtsuxspod
Instagram: https://instagram.com/debtsuckspod
TikTok: https://tiktok.com/@debtsuckspod
X: https://x.com/debtsuckspod
The Debt Sucks Podcast is your fun, no-BS approach to debt relief. Say goodbye to stress, shame, and debt. Hosted by consumer bankruptcy attorney Ben Matthews, this is your weekly dose of real, relatable advice on crushing debt. If you’re dealing with mounting bills or sick of living paycheck to paycheck, we’re here to help you take control of your finances and find your way out.
This episode was produced by Story On Media: https://www.storyon.co/
View all episodes
By Ben MatthewsHow can a simple mindset shift, like treating your budget as if you always have a car payment, lead to financial freedom?
In this episode, Ben shares a powerful perspective change inspired by his uncle's approach to car payments, which involves saving as if you have a payment even after the car is paid off, to achieve financial freedom. Ben also answers a listener's question about overspending, providing actionable tips for setting up systems to support better financial choices.
Topics Ben explores in this episode:
(00:00) A Mindset Shift That Changes Everything
* A story about how Ben’s uncle avoided car loans by treating savings like a monthly car payment.
* Creating a “fake bill” system helps avoid future debt and financial stress.
(05:15) Make Every Dollar Count
* Give every dollar a job before it disappears into the void.
* Set simple, automatic money rules that reduce decision fatigue.
(10:52) Spend Intentionally, Not Emotionally
* Avoid justifying purchases with sales or emotional reasoning.
* Saving for fun purchases removes guilt and helps keep your budget on track.
(15:40) Small Steps, Big Impact
* Start with one habit, like saving a car payment amount monthly.
* Use the same mindset to fund repairs, gifts, or your emergency fund.
(19:35) A Listener’s Real-Life Struggle
* Jake’s question highlights the gap between budgeting intentions and follow-through.
* Use tricks like deleting saved cards or the 24-hour rule to slow down spending.
(25:28) When You Need a Fresh Start
* Sometimes the best solution isn’t just budgeting—it’s bankruptcy.
* Ben offers perspective on bankruptcy as a tool, not a failure.
Learn more: https://debtsucks.info
Talk with Ben Matthews: 803-799-1700
Subscribe to the Debt Sucks Podcast!
Apple: https://apple.co/3Fz2vXE
Spotify: https://spoti.fi/4kvltyl
YouTube: https://www.youtube.com/@DebtSucksPod
Facebook: https://facebook.com/debtsuxspod
Instagram: https://instagram.com/debtsuckspod
TikTok: https://tiktok.com/@debtsuckspod
X: https://x.com/debtsuckspod
The Debt Sucks Podcast is your fun, no-BS approach to debt relief. Say goodbye to stress, shame, and debt. Hosted by consumer bankruptcy attorney Ben Matthews, this is your weekly dose of real, relatable advice on crushing debt. If you’re dealing with mounting bills or sick of living paycheck to paycheck, we’re here to help you take control of your finances and find your way out.
This episode was produced by Story On Media: https://www.storyon.co/