In order to pay off debt, you have to set aside money to do so…

 

In this episode, I interview Kiley Summers, the CEO and co-founder of SpenDebt. SpenDebt is an app that helps you pay off debt by automating your debt repayment through micropayments that go towards your debt each time you spend money from your bank account. I heard about SpenDebt at a startup demo day and thought it would be great to get them on the podcast because I believe the app is extremely useful for those struggling to pay off their debts. Kiley shares his own story of coming from modest means, falling deep into debt after school, but emerging victorious and wanting to help others do the same.

 

We touch on:

-Kiley’s background

-The origins of SpenDebt

-The reasons to learn about money management

-How SpenDebt works

-How automating your behavior helps you pay down debt with discipline

-The objective of SpenDebt

-The current status, availability, and price of the SpenDebt app

 

Lastly, you can subscribe to The Post Money Plan podcast here.