How to Decide Between Paying Off Debt or Building Your Savings | 572
5/29/202618 min
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In today’s episode, we’re answering YOUR money questions in real time. No prep. No scripts. Just honest conversations about budgeting, debt, savings buckets, and figuring out what actually matters most in your season of life.
We’re talking through:
- Should you put extra money toward debt or savings?
- What savings buckets matter most right now?
- How do you know if you have a spending problem or an income problem?
- What if your budget feels tight no matter what you do?
- How to make realistic budget decisions for YOUR family
Plus, we share stories from real clients navigating debt payoff, bonuses, big families, and making intentional choices with their money.
Let’s Take Our Relationship To The Next Level:
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3️⃣ Private 1-on-1 Coaching. ➡︎budgetbesties.com/coaching
This podcast is for educational and informational purposes only and is not personal financial, legal, or tax advice.
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Transcript preview
First 90 secondsShana· Host0:01
Okay, Vanessa, it's time for another Q&A session.
Vanessa· Host0:04
I'm ready.
Shana· Host0:04
And just so you guys know, budgetbesties.com/ask- Mm-hmm ... you can get your actual questions a- answered. So we're gonna do this, it's like lightning round- Mm-hmm ... style. Like, there's no prep. We're just gonna see what, what we think we're gonna come up with.
Vanessa· Host0:17
[upbeat music] Do you make good money but have nothing to show for it?
Shana· Host0:20
Are you tired of living paycheck to paycheck?
Vanessa· Host0:23
Do you have big dreams for your financial future?
Shana· Host0:25
Do you wanna get debt-free, but you don't wanna live on beans and rice?
Vanessa· Host0:29
And you don't wanna give up those pumpkin spice lattes?
Shana· Host0:31
If you don't already know how to budget, or if you're using credit cards to get through the month.
Vanessa· Host0:35
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· Host0:41
We know what you're doing probably isn't working. But guess what? You're in the right place. We're Shana.
Vanessa· Host0:47
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· Host1:02
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· Host1:10
We want to help you take the guesswork out of your budget, improve your marriages, and even bring your kids in on a conversation.
Shana· Host1:17
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· Host1:24
And we're not gonna shy away from the tough love. We'll tell you what you need to hear, and encourage you at the