debt-destroying budget guide | Fin Coach Ashley

Stay motivated while paying off high-interest debt

Set a goal Celebrate small wins Track your progress Stay focused on the end goal Surround yourself with support

Avoid new debt while paying off high-interest debt

Avoid new debt while paying off high-interest debt Create a budget Live within your means Avoid using credit cards Find alternative sources

Consider consolidating high-interest debt

Evaluate your debts Compare consolidation options Apply for a consolidation loan Use the loan to pay off your debts Avoid taking on new debt

Make extra payments toward high-interest debt

Make extra payments toward high-interest debt Automate your payments Round up your payments Put any extra money towards your debt Create a b

Prioritize high-interest debt

Prioritize high-interest debt 1. Make a list of your debts 2. Focus on the highest-interest debt first 3. Consider debt consolidation 4. Mak

Making a budget to pay off high-interest debt

Create a budget to pay off high-interest debt: List your monthly income List your monthly expenses Track your spending Identify your priorit

How do people get trapped in cycles of credit card debt

How do people get trapped in cycles of credit card debt? Recipe: Grow up poor, scarcity mindset, instant gratification and YOLO.

I have $30,000 in credit card debt

30000 in credit card debt From $60k to $35k in 3, almost 4, years $1,800/mo to $346/mo High-interest rate = high monthly minimum payments