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226 | How To Get Debt-Free Faster: What Your Extra Payments Really Tackle

226 | How To Get Debt-Free Faster: What Your Extra Payments Really Tackle

FromFinancial Coaching for Women: How To Budget, Manage Money, Pay Off Debt, Save Money, Paycheck Plans


226 | How To Get Debt-Free Faster: What Your Extra Payments Really Tackle

FromFinancial Coaching for Women: How To Budget, Manage Money, Pay Off Debt, Save Money, Paycheck Plans

ratings:
Length:
10 minutes
Released:
Mar 20, 2024
Format:
Podcast episode

Description

In this eye-opening episode, we dive into the often confusing world of managing debt, specifically tackling the question: What's the fastest way to pay down debt? Is it better to make extra payments towards the principal or just increase your payment amount? With credit card companies making the process seemingly complex on purpose, we demystify the strategies to help you achieve debt freedom as quickly as possible.

The Confusion Cleared: We explain why credit card companies make it difficult to understand debt payments and how you can navigate this to your advantage.
The Power of Extra Payments: Discover the impact of making extra payments towards your principal and how it can drastically reduce your interest over time.
Group Coaching Launch: Get an inside look at our group coaching program's launch, emphasizing the value and insights gained from the first session.
Snowball vs. Avalanche Methods: Learn about the popular debt repayment strategies.

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4 Ways To Connect With Us:
1️⃣ FREE CALL: Book your FREE 20-Minute Financial Coaching Call now! Get personalized advice and start your financial journey ➡︎ https://www.myidealbalance.com/freecall 
2️⃣ FACEBOOK: Become part of our Supportive Facebook Group. Connect, share, and learn with others mastering their budget skills ➡︎ https://www.myidealbalance.com/facebook 
3️⃣ BUDGET: Grab our Signature Budget Template! It's your key to organizing and optimizing your finances effectively ➡︎ https://myidealbalance.com/budget 
4️⃣ COACHING: Ready to dive deep into your finances? Sign up for our 1-on-1 Financial Coaching. It’s the accountability and guidance you need to make real progress ➡︎ https://myidealbalance.com/coaching 
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Released:
Mar 20, 2024
Format:
Podcast episode

Titles in the series (100)

Even high-achieving, Jesus-following moms need help organizing their finances. We want to help you learn how to budget, how to get out of debt & how to save money. We do this through 1-on-1 coaching where we teach you how to stop stressing about money & install systems that automate your finances. Once you have these money systems, you’ll be able to live debt-free, build wealth & achieve financial freedom. Join us to ditch the bad money habits & take control of your financial future. Shana & Vanessa are best friends, business partners and Ramsey Solutions Master Financial Coaches.