In this episode Dallas Post interviews Mayra, a young single who went from being reliant on her parents to becoming a responsible and financial conscientious steward of her resources.
-Content Level: Beginner-
In the interview, Mayra touches on:
-Growing up with things provided by her parents
-Her parents not having a lot and subsequently wanted to shower their kids with gifts
-Not being taught money management skills in school
-Not planning for the future or saving money
-Receiving a rude awakening when her father was diagnosed with cancer
-Being forced to be financially conscientious
-Beginning to take care of herself and supporting her family
-Making a budget and cutting unnecessary spending
-How budgeting helped her spending habits
-Practicing discipline
-Her faith influencing her perspective towards spending; encouraging her to be a faithful steward of her resources
-Funneling money towards an “emergency fund”
-Planning to pay off debt
-The importance of being aware of how much you owe and the value of paying down your debt as quickly as you can
-The benefit of paying your highest interest debts first