For some people, their pile of debt can feel so huge that paying it off just feels like fiction. It feels impossible. It feels overwhelming.
Well today, I’ve invited someone on the show who felt the same exact way, but then she took action and won the battle against her debt.
Allison Baggerly and her husband partnered together to pay off $111,000 of debt in 4 ½ years. They completed this difficult feat on two teacher's salaries with two little kids at home. In our interview, she’s going to share with us how she did it.
What are we covering?
Allison and I chat about:
- How they accumulated $111,000 of debt
- Why budgeting was their key to success in paying it off
- How their debt freedom changed their lives
Allison's advice and story will help you battle your debt load and inspire you to create the financial future you've always wanted. Enjoy!
SHOW LENGTH: 46 minutes
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About our Guest: Allison Baggerly
Allison is the founder of Inspired Budget. She has combined her passion of teaching and finances to help others learn how to start budgeting.
Allison's passion for budgeting surfaced after she and her husband found themselves newly pregnant and with over $111,000 worth of debt. They did not have enough money left over each month for daycare expenses, so they knew something had to change. It was during those years of sacrifice and paying off debt that she realized just how much she loved finances and taking back control of her money through budgeting.
Now Allison is helping women all over the world get started with budgeting when they feel lost and overwhelmed.
Recommended Book: The Total Money Makeover by Dave Ramsey
Recommended Book: The Millionaire Next Door by Thomas J. Stanley
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Money Master of the Week
Stephanie from Virginia recently shared a net worth win of hers on Twitter!
She’s now a member of the $100k club after achieving a $100,000 net worth just this last month.
Stephanie shared the details of her win on her blog, Poorer Than You.
The number one way she’s achieved this is by investing for her retirement. She has over $100,000 in her retirement bucket alone. For a young 30-something, that is some huge savings.
Stephanie is our Money Master of the Week!
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