64 | How to Make a Balance Transfer Successful

In this episode of Money Files, I am talking about balance transfers. Debt can be scary and overwhelming. Frequently, debt is holding my clients back from doing something they really want to do. As a coach, my job is to help them overcome the fear and shame around debt and introduce a financial plan  that helps my client pay down debt or get out of feeling like they’re in the paycheck to paycheck cycle. Tune in to hear my recommendations about when it is advantageous to leverage a balance transfer. I also explain the steps you need to take to use a balance transfer as a tool to  pay off debt successfully. The key to financial success is creating a plan you can stick to and feel good about maintaining. The end goal is to make your money work for you by freeing up cash flow so you can spend on things that really matter to you. So before committing to a balance transfer, listen to this episode and consider… [00:06:28] When should  I consider using a balance transfer to help me be able to pay off debt and be able to free that money up in my cash flow so that way I can be using this money towards something else. [00:13:12]The real cause of your debt. I need you to be honest with yourself and ask yourself “why am I in debt?” [00:14:10] It’s not enough for you to know the amount of money you want to pay down towards your credit card. The secret for not having to be in this cycle is to prepare for the things in your life that go outside of bills. Tune in to this episode of Money Files to learn how to leverage a balance transfer to pay off debt sooner and without shame. Get full show notes and the episode transcript: https://wealthovernow.com/how-to-make-a-balance-transfer-successful/ Links mentioned in this episode… Set up a call | Financial Coach Washington, DC | Wealth Over Now Masterclass | How To Budget Without Restriction | Wealth Over Now How To Break the Debt Cycle By Understanding Your Spending Habits | Money Files  Reshaping How You Think About and Plan For Extra Income | Money Files