Getting Good with Money and Dumping Debt

Paying off debt can be an incredibly rewarding journey for families and many times there are challenges.  I love to highlight a variety of stories about how the different families face them, both with making the numbers work and with the conversations they have during the process. Getting Good with Money  Last week, Toni Husband shared some of the ups and downs of her debt free journey to pay off over $100,000 of debt.  Knocking out that mountain of debt including getting her husband on board and finding a pace that allowed them to pay it off without sacrificing time with their young kids.  There are other struggles when it comes to becoming free, including making every dollar go further when you're making closer to the median household income of around $67,000.  Which is why I'm thrilled to have Jessi Fearon on today's show.  Jessi and her family paid off their debts including their mortgage on about $50,000/year income. In her new book Getting Good with Money, she talks about some key changes they made as well as offering practical tips on how families can get out of debt. In this episode we get into: Identifying your money type, triggers, and key behaviors to adjust How to have more productive conversations about money as a couple How to find and make money to hit your financial goals faster Are you ready? Let's get started!  Resources to Dump Your Debt Faster Best Budget and Money Apps: Personal Capital, Tiller, Mint Grab Your Copy: Jumpstart Your Marriage and Your Money Join Our Thriving Families Community on Facebook Debt Free Divas The Great Debt Dump: Running Toward Financial Freedom with the Power of Community When You Can't Agree on How to Pay Off Your Debt Pay Off Your Debt Faster Through the Power of Community If you want to chat some more about creating better money habits, questions, or share your own tips please join us over at Thriving Families on Facebook. Thank You to Our Sponsor Coastal! Support for this podcast comes from Coastal Credit Union! If you're living in the Raleigh Durham area and looking to bank better, come check out Coastal today. As a credit union, Coastal serves its members first including an annual loyalty bonus. We've been members for years and love their service and competitive rates on checking and savings accounts! Rollover Your 401(k) Easily with Capitalize We're grateful for wonderful partners like Capitalize. Not only do they support the podcast, but they help make managing your money so much easier.  Did you know that it's estimated that there are currently over 24 million "forgotten" 401(k) accounts? In fact, the average American changes jobs every 4 years.  And because of the Great Resignation, you or someone you know might be changing jobs even more  It's an extreme case of out of sight and out of mind. Is your old 401(k) in there somewhere, left behind at a job you're no longer with? One huge benefit with an IRA is you get to choose how your money is invested, not your old employer.  If you want to consolidate your old 401(k) and have more options with how you invest, it may be time to roll them over into an IRA.   With Capitalize, they handle the process from start-to-finish – for FREE. They handle the process from start-to-finish, and yes that includes calling the 401(k) provider on your behalf.  Find out how and get started today!  Note: Interview is edited for clarity and length. Support the Podcast! Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it. Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share. Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher. Grab a copy of Jumpstart Your Marriage and Your Money.  Music and Photo Credits Music in this episode was provided by artists from Audiio. Photo by olia danilevich from Pexels