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The exact steps I took to pay off over $107k in debt!
Building and Sustaining a Debt-Free Life: A Spouse's Perspective with Adam Kohlbrand | Ep 18 Debt Rebel Show
YOUR GO-TO RESOURCE TO END THE PAYCHECK-TO-PAYCHECK CYCLE
Debt Rebel Podcast: Personal Finance for Families
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When people think of debt, they often associate it with stress, financial strain, and even relationship strain. While our story started that way, it's ending very differently than most stories. For my husband, Adam and I, our debt-free journey has been a catalyst for love, growth, and a stronger bond. In this blog post, I'll share our story and the lessons we've learned along the way.
The Beginning of Our Journey
Our journey began with a candid conversation. I remember the day I sat down with Adam and said, "We have a problem." We were living paycheck to paycheck, and our debt was piling up. It was a scary realization, but it was also a turning point.
Adam didn't realize it was that bad. He had grown up with a different mindset about money, one that didn't prioritize saving or budgeting. But with patience and understanding, we were able to bridge the gap and start working together towards a common goal.
The Challenges and Triumphs
One of the biggest challenges we faced was breaking old habits. We had to learn to live within our means, cut back on unnecessary expenses, and create a budget that worked for us. It wasn't easy, but we were determined to succeed.
We also realized that communication was key. Open and honest conversations about our finances helped us stay on track and avoid misunderstandings. We learned to support each other, celebrate our victories, and be patient during setbacks.
The Impact on Our Relationship
Our debt-free journey has not only transformed our finances but has also strengthened our relationship. We've grown closer through shared experiences and a renewed sense of purpose. We've learned to trust each other more and appreciate the value of teamwork.
We've also discovered that financial freedom has given us the opportunity to focus on what truly matters: spending quality time together, creating lasting memories, and pursuing our dreams.
Tips for Couples Starting Their Debt-Free Journey
If you're a couple looking to embark on your own debt-free journey, here are a few tips:
Communicate openly and honestly. Talk about your financial goals, fears, and challenges.
Create a budget together. Find a budgeting method that works for you and stick to it.
Set realistic goals. Start small and celebrate your progress along the way.
Support each other. Be patient, understanding, and encouraging.
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Focus on experiences over possessions. Prioritize quality time and memories over material things.
Our debt-free journey has been a transformative experience. It has taught us valuable lessons about money, relationships, and ourselves. We've discovered that financial freedom is not just about numbers; it's about creating a life we love.
If you're struggling with debt, know that it's possible to overcome it. With determination, teamwork, and a positive mindset, you can achieve financial freedom and build a stronger relationship.
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About Jewlz The Budget Nerd
Certified Financial Coach & Host of the Debt Rebel Podcast: Personal Finance for Families
Julian "Jewlz The Budget Nerd" Kohlbrand is on a mission to empower families to take control of their finances and reclaim their time. Through her coaching practice, podcast and blog, she provides practical advice, actionable strategies, and unwavering support to help individuals and families achieve their financial dreams.
After studying personal finance for over 20 years and eliminating over $107,000 of consumer debt with her husband, she learned managing money is about more than numbers and spreadsheets. Developing a healthy relationship with money has ripple effects in other areas of life including your marriage, parenting, and work-life balance.
She also shares her wisdom and insight weekly as the host of The Debt Rebel Podcast: Personal Finance for Families. Available wherever you listen to podcasts.
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