EPISODE · May 29, 2025 · 21 MIN
#210: What to Do When You’re Facing Job Loss While Paying Off Debt
from Inspired Budget · host Allison Baggerly
Ever feel like you're trying to pay off debt while holding your breath, hoping your income doesn’t suddenly vanish? Or maybe your family has income that comes in waves, and you’re just trying to keep the budget afloat?You’re not alone. In this episode, I’m answering two listener questions that so many people are navigating right now:Should I pause my debt payoff if I’m worried about losing my job?How do I budget when my income is totally unpredictable?We’ll talk about:Why pausing your debt-free journey isn’t failing, it's smartHow to build a financial safety net when layoffs are on the horizonWhat a “bare bones budget” is and why it mattersHow to create an “income bucket” to smooth out unpredictable paychecksAnd most importantly, why budgeting has to be flexibleWhether you’re in a rocky job situation or dealing with variable income, this episode will help you feel more prepared and less overwhelmed. Small, steady steps matter, and I promise, you’re not behind.📘 Grab my book Money Made Easy for more step-by-step help, including examples, visuals, and real-life stories from our own journey.💌 Want to submit a question for a future episode? Email me at [email protected] or DM me @InspiredBudget on Instagram.You Might Like: Get the FREE Goodbye Debt Tracker! Grab my FREE Budgeting Cheat Sheet. Get the Budget My Paycheck Spreadsheet. Follow Allison on Instagram! @inspiredbudget Check out Inspired Budget's blog. Take my FREE class on How to Budget to Build Wealth!
What this episode covers
Ever feel like you're trying to pay off debt while holding your breath, hoping your income doesn’t suddenly vanish? Or maybe your family has income that comes in waves, and you’re just trying to keep the budget afloat? You’re not alone. In this episode, I’m answering two listener questions that so many people are navigating right now: Should I pause my debt payoff if I’m worried about losing my job?How do I budget when my income is totally unpredictable?We’ll talk about: Why pausing your debt...
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#210: What to Do When You’re Facing Job Loss While Paying Off Debt
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