Striking Balance Between Saving and Eliminating Debt | Ep. 158

In this episode of The New Money Habits Podcast, Coach Nino Villa addresses a question from a listener about managing debt and savings. He discusses the importance of balancing debt elimination with saving, emphasizing that while principles remain constant, the execution can vary based on individual circumstances. Nino introduces a phased approach to debt elimination, focusing first on active interest-bearing debts, then non-interest-bearing debts, and finally charge-offs. He also highlights the significance of having a peace of mind fund and provides practical examples to illustrate his points. Additionally, he offers tools and resources for listeners to help them manage their debt effectively. 📌 Helpful Resources Mentioned in the Episode: Watch on YouTube here Download the FREE Holiday Spending and Gift Giving Planner HERE Submit Your Questions: Have questions for the host? Email them to [email protected] Join Our Community: Connect with like-minded individuals in our FREE Facebook Group: www.facebook.com/groups/newmoneyhabits. Download the Payday Power Planner: Streamline your budgeting process with our FREE planner: https://www.newmoneyhabits.com/budgeteers/helpful-tools  Download the Food Number Calculator: Streamline your budgeting process with our FREE planner: https://www.newmoneyhabits.com/budgeteers/helpful-tools Schedule a Call: Book a FREE call with Coach Nino to discuss your financial goals: www.newmoneyhabits.com/budgeteers/contact. Enroll in Our Online Course: Take your first step towards financial freedom with our course, "How to Create a Better Budget: Your Foundation to Financial Freedom": www.newmoneyhabits.com/bootcamp. 🎵 Music Credits: This episode features music by Summer School. ✅ Connect with Us: Follow @newmoneyhabits on social media for more valuable insights and updates. Tune in to The New Money Habits Podcast and take charge of your financial future today! #DebtManagement #FinancialCoaching #SavingMoney #DebtFreeJourney #PersonalFinance #BudgetingTips #FinancialPlanning #EmergencyFund #PeaceOfMindFund #DebtSnowball #MoneyMatters #PlanYourFinances #FinancialFreedom #SaveWisely #EliminateDebt    #2025nospendchallenge #MentalHealth #EmotionalSpending #Overwhelm #IntentionalSpending #SupportSystem #TherapyTools #CopingMechanisms #PersonalFinanceJourney #EmotionalEating #ParentingWisdom #MindfulMoney #FinancialWellness #SpendingHabits #ParentingAndFinances #SelfCareAndSupport