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133 | Are You Tired of Paying Down Debt: How To Implement A Debt Spending Break
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As a financial coach, my goal is to create sustainability in your financial journey. Sometimes that means doing things differently. Traditional financial advice says to save $1,000 and put everything else towards paying down debt. But paying off debt can be tiresome and demotivating.
In today’s episode, I offer a more sustainable practice for paying down debt: a debt spending break. A debt spending break fights payoff fatigue by allowing you to use some of the cash flow allocated for faster debt payoff on something you really want. This break remotivates you to continue your debt payoff plan without adding to your debt.
Achieving your goals is all about being intentional and forming sustainable habits. Learn the benefits of instituting a debt spending break, when to schedule one, and the long-term impact of consistency in managing your finances.
Listen for key insights on debt spending breaks:
[02:50] Aligning financial advice with how you want to live your life
[06:00] Instituting a debt spending break
[08:10] When to implement it
[12:31] Intentionality & goal achievement
Tune into this episode of Money Files to learn how a debt spending break leads towards more sustainable financial habits.
Get full show notes and the episode transcript:
https://wealthovernow.com/are-you-tired-of-paying-down-debt-how-to-implement-a-debt-spending-break/
Links mentioned in this episode…
Set up a call | Financial Coach Washington, DC | Wealth Over Now
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