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#146: Should You Save Or Pay Off Debt?

#146: Should You Save Or Pay Off Debt?

FromInspired Budget


#146: Should You Save Or Pay Off Debt?

FromInspired Budget

ratings:
Length:
17 minutes
Released:
Feb 29, 2024
Format:
Podcast episode

Description

Should you save money or pay off debt? Can you do both?You’re likely listening to this episode because you want to pay off debt. Imagine you're in the middle of a tug of war, but instead of teams, you've got your savings goals on one side and your debt on the other. You're pulling hard towards one side, trying to make progress, but it feels like the other side is pushing back just as hard. It's like you're stuck in this never-ending struggle, and it can get pretty frustrating. The trick is to figure out how to manage your money just right so you're not constantly feeling pulled in two directions at once. Balancing the two is key to keeping your sanity and making progress on both your debt free journey as well as your savings journey.In this episode, I discuss:Five actionable steps to pay off debt and save money simultaneously. Why your emergency fund can keep you out of debt.How to invest for the future while paying off debt.This episode is perfect for anyone who has asked themselves if they should save money or pay off debt.You Might Like: Grab my FREE Budgeting Cheat Sheet. Follow Allison on Instagram! @inspiredbudget Check out Inspired Budget's blog. Take my FREE class on How to Budget to Build Wealth!
Released:
Feb 29, 2024
Format:
Podcast episode

Titles in the series (100)

The Inspired Budget Podcast helps women live their best life and reach their money goals. Join me here for inspiring conversations to help you learn more about budgeting, saving money, paying off debt, and investing for your future. You’ll be hearing not only from me, but others along the way that have a story and voice to share.