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March 11, 2019

How “No Spend Challenges” Helped One Woman Eliminate $78,000 of Debt – with Jen Smith


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With nearly 80% of Americans living paycheck to paycheck, most of us could use some help with saving a bit more.

Our guest today, Jen Smith, is going to show us how. Jen and her husband paid off $78,000 of debt in just under two years. A huge factor in their success was taking advantage of “No Spend Challenges”.

These challenges encourage you to halt all “personal spending” for a set period of time. This cold turkey approach could be an excellent solution for a large population of our country right now.

What are we covering?

Jen and I discuss:

  • How “No Spend Challenges” work
  • The steps she took to pay off $78,000 of debt in 2 years
  • Advice she has for others with large amounts of debt

Jen's “in the trenches” personal finance knowledge is refreshing. After listening, you'll come away with some excellent strategies, frugal living tips and be ready to take your debt head-on.

SHOW LENGTH: 36 minutes


Marriage, Kids and Money, Andy Hill

About our Guest:  Jen Smith

Jen Smith from Frugal Friends Podcast

Jen Smith is the author of Amazon best-selling book, The No-Spend Challenge Guide, and co-host of the Frugal Friends Podcast. She and her husband paid off $78,000 of student loan debt in 2 years through lots of side hustling and cutting back.

You can find her anywhere you listen to podcasts on the Frugal Friends Podcast and on the web at Modern Frugality.

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Money Master of the Week

Kenneth Shook

Kenneth from Michigan recently paid off his Buick Enclave 2 years early! He's now driving a “paid for” car and lovin’ it.

The loan was originally set for 5 years and he and his wife decided to make extra payments until the loan was gone.

Now they are focused on eliminating their student loans! With their determination, I'm sure they'll get there soon.

Kenneth from Michigan is our Money Master of the Week!

Share Your Wins

Man Raising Hand in Celebration on Mountain

If you have a financial victory you want to share on this show, please leave me a voicemail (or an email) and include the following:

  • First name
  • Location
  • Your recent big win
  • How you did it
  • If/How you celebrated
  • Your financial plans for the future

Your story will inspire others to save more, make more and plan for their family’s future.

Support this Show

If you enjoyed this episode, here are some excellent ways to support the show:

I truly appreciate the support everyone!


I’d love to hear from you!

If you’d like your question featured on the show, reach out and let me know. It would be my honor to support you in your journey toward financial freedom.

Leave me a voicemail or connect with me on TwitterFacebook or shoot me an email.

Carpe Diem Quote

“It’s not the man who has too little, but the man who craves more, that is poor.”


Could you do a “No Spend Challenge” for a month?

Please let me know in the comments below.


Marriage, Kids and Money, Andy Hill

How this woman paid off $78,000 in 2 years by doing no spend challenges!

Andy Hill

Andy Hill is the award-winning writer, speaker and podcaster behind Marriage, Kids and Money - a platform dedicated to helping young families build wealth and thrive. Andy's advice and personal finance experience has been featured in major media outlets like Business Insider, MarketWatch, Kiplinger’s Personal Finance and NBC News. Trusted as a personal finance influencer and corporate financial wellness speaker by global brands like JLL, Andy’s message of family financial empowerment has resonated with listeners, readers and viewers across the world. When he's not "talking money", Andy enjoys wrestling with his two kids, singing karaoke with his wife and watching Marvel movies.

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Marriage Kids and Money Podcast

About Marriage Kids & Money

Every Monday, The Marriage Kids and Money Podcast provides you with actionable advice to help you win with money.

We’ve interviewed over 200 millionaire entrepreneurs, award-winning authors and personal finance experts all with the goal of saving you money, making you money and protecting your family’s future.

Fridays, you'll hear me and my wife Nicole discuss life, money and relationships on our show "Bread & Wine".

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