• 251 | Real-Life Financial Makeovers: Strategies for Paying Off Debt and Saving

  • May 17 2024
  • Length: 18 mins
  • Podcast
251 | Real-Life Financial Makeovers: Strategies for Paying Off Debt and Saving cover art

251 | Real-Life Financial Makeovers: Strategies for Paying Off Debt and Saving

  • Summary

  • Book A Free Financial Coaching Call!

    Today, we are talking about the importance of setting financial priorities and sticking to them. Our clients have made incredible progress, from paying off credit card debt to tackling student loans and planning for future expenses. We share their journey, the challenges they've faced, and how they've managed to stay focused on their goals.

    Episode Highlights:

    1. Client Success Stories:

      • Our clients kicked off the year with ambitious goals and have already paid off their credit card debt. 🎉
      • They've set a clear plan: prioritize student loans, pay off braces, build an emergency fund, and tackle vehicle and home expenses.
    2. Tackling Multiple Financial Goals:

      • Balancing paying off student loans while saving for other essentials.
      • Prioritizing a fully funded emergency fund before addressing less urgent debts like vehicle loans.
    3. Budgeting for Everyday Expenses:

      • Simplifying finances by creating separate accounts for different spending categories, like dining out.
      • Emphasizing the importance of planning and tracking spending to avoid financial stress.
    4. Personalized Coaching Insights:

      • Discussing strategies to avoid common budgeting pitfalls, such as consolidating all spending into one account.
      • Encouraging clients to take ownership of their financial plans and celebrate small victories.
    5. Importance of Staying Ahead on Taxes:

      • Advising business owners to stay current with their taxes to avoid future financial stress.
      • Highlighting the benefits of setting aside a percentage of income for taxes to stay ahead.

    Key Takeaways:

    • Set Clear Priorities: Define what needs to be tackled first, from paying off high-interest debts to saving for emergencies.
    • Stick to the Plan: Resist the urge to deviate from your financial plan, even when unexpected expenses arise.
    • Simplify and Track Spending: Use multiple accounts for different spending categories to stay organized and avoid overspending.
    • Stay Ahead on Taxes: For business owners, staying current on taxes can prevent significant financial headaches down the line.


    4 Ways To Connect With Us:

    1️⃣ FREE CALL: Book your FREE 20-Minute Financial Coaching Call now! Get personalized advice and start your financial journey ➡︎ https://www.budgetbesties.com/freecall

    2️⃣ FACEBOOK: Become part of our Supportive Facebook Group. Connect, share, and learn with others mastering their budget skills ➡︎ https://www.budgetbesties.com/facebook

    3️⃣ BUDGET: Grab our Signature Budget Template! It's your key to organizing and optimizing your finances effectively ➡︎ https://budgetbesties.com/budget

    4️⃣ COACHING: Ready to dive deep into your finances? Sign up for 1-on-1 or Group Financial Coaching. It’s the accountability and guidance you need to make real progress ➡︎ https://budgetbesties.com/coaching

    "I love Shana & Vanessa and this podcast is amazing!" < If that sounds like you, please consider rating and reviewing our show! It helps us to reach more people – just like you – to help them change their financial future. Don’t forget to follow the show so you don’t miss any episodes! And, if you’re feeling really generous, we’d be SO honored if you would share this podcast with someone.

    Click here to view our privacy policy.

    This description may contain affiliate links, meaning we may get a commission at no cost to you if you click & purchase!

    --- Send in a voice message: https://podcasters.spotify.com/pod/show/idealbalance/message
    Show More Show Less

What listeners say about 251 | Real-Life Financial Makeovers: Strategies for Paying Off Debt and Saving

Average Customer Ratings

Reviews - Please select the tabs below to change the source of reviews.

In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.