10 Top Tips to Pay Off Debt and Stop Using Credit Cards | 579
6/15/202619 min
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Trying to pay off debt but still feel like nothing is working? In this episode, Shana and Vanessa are breaking down 10 of their best debt payoff tips to help us stop spinning our wheels, stop making debt worse, and start making real progress with a plan that actually fits real life.
We’re talking about why your credit card balance is not your budget, how to figure out how much you can actually put toward debt, and why the “best” debt payoff method depends on your budget right now. Snowball, avalanche, minimum payment method — they all have a place, but the real magic happens when we know our numbers and make an informed decision each month.
This episode is your reminder that debt payoff is not just about throwing random extra payments around. We need a clear budget, realistic spending numbers, savings buckets that keep us from relying on debt again, and a focused plan for paying off one debt at a time.
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Clips
Transcript preview
First 90 secondsVanessa· Host0:00
Your credit card balance is not your budget. You're playing a game that you didn't know you were in.
Shana· Host0:04
Everybody wants to get right to the savings buckets. Everybody wants to get right to paying off debt, but the first step is your spending column. Figure that out first. You're not actually in control of your money. You're not actually budgeting when you're using that for everything, or when you're using it to bail you out.
Vanessa· Host0:19
It's literally a whole different way that you handle your, your finances. Do you make good money but have nothing to show for it?
Shana· Host0:25
Are you tired of living paycheck to paycheck?
Vanessa· Host0:27
Do you have big dreams for your financial future?
Shana· Host0:29
Do you wanna get debt-free, but you don't wanna live on beans and rice?
Vanessa· Host0:33
And you don't wanna give up those pumpkin spice lattes?
Shana· Host0:35
If you don't already know how to budget, or if you're using credit cards to get through the month.
Vanessa· Host0:39
If you wanna seem like you have your finances all together, or you're not on the same page with your spouse when it comes to finances.
Shana· Host0:46
We know what you're doing probably isn't working, but guess what? You're in the right place. We're Shana.
Vanessa· Host0:51
And Vanessa. We're best friends, business partners, and master financial coaches trained by Dave Ramsey. We've been in business since 2019, helping hundreds of amazing people like you create budgets, get out of debt, stop living paycheck to paycheck, and know exactly what to do with their money.
Shana· Host1:07
In this podcast, we'll share with you everything we know, plus everything we're working on with our clients so that you have the best chance at reaching your financial goals.
Vanessa· Host1:14
We want to help you take the guesswork out of your budget, improve your marriages, and even bring your kids in on the conversation.
Shana· Host1:21
We can help you no matter where you're at, whether you're the single mom who's never had $500 in her savings account, or the millionaire who's paid off four real estate mortgages.
Vanessa· Host1:29
And we're not gonna shy