I paid off $100,000 of debt (not including our house) in less than 2 years. I was able to do this by coming up with a plan, working hard, and staying motivated.

Creating a budget is a key step in your financial planning and success. During this podcast episode, I will walk you through the steps needed to create your budget and what to include in your budget.

Step 1: Assessing Your Income
Step 2: Listing All Expenses
Step 3: Allocating Funds for Savings and Investments
Step 4: Considering Debt Repayment
Step 5: Factoring in Discretionary Spending
Step 6: Planning for Future Goals and Expenses

Click here to read my blog post about debt payoff methods;

https://www.pursecoach.com/blog/snowball-versus-avalanche-debt-pay-off-methods

Remember, keep track of all your monthly household income, all your monthly household expenses, debt, and savings goals. Create a customized plan (budget) for your finances and watch your debt shrink and your bank account grow. There are different ways to track your spending, including an old-fashioned pen and paper, an app, or a spreadsheet. Use what works best for you!

If you loved this podcast and you are feeling encouraged and ready to tackle your life + finances, would you do me a favor and share it with 3-5 of your friends? Thank you and be sure to make today a great day!

For ALL my info: (Quiz, Podcast, Courses, Free Budgeting 101 online course, Services, Private Facebook Community)

https://linktr.ee/jesswaynecoaching

If you would do me a favor and share on social media that you are enjoying this podcast I would be so appreciative. You can tag me in the post and you will be entered into a monthly Starbucks or Caribou gift card drawing!!