151. Debt snowball vs. Debt avalanche- A debt payoff breakdown for beginners AND which plan I’m personally following

*** This Podcast is NOT financial advice.  It is simply for educational purposes***

Hey friends! 

This week we're talking about paying off debt.  Here's what we cover:

- The debt snowball method details PLUS who I think this plan is best suited for

- The debt avalanche method details PLUS who I think this plan is best suited for

- A third, less popular option, but one I think you might want to take a look at in case it's a good fit. 

- What plan we're following to pay off our debt. 

I hope it helps you take the steps you need to get serious about debt payoff! 

xo, 

Krista----more----

Need some extra support to create a plan?  I’ve got something for you!

The NEW Cozy Cash Plan GPT is a personalized chat that helps you build a money plan that actually fits your real life.

You’ll talk to the Cozy Cash Plan just like you’re texting a friend.

It’ll ask you a few simple questions about:

✔️ Your money goals

✔️ What’s been tripping you up

✔️ What actually matters to you (like keeping takeout or coffee!)

At the end, you’ll get a simple, doable cash plan made just for you.

• You’ll know what to focus on
  
  
• How to make progress (without burnout)
  
  
• And how to keep it up—even when life gets chaotic

It’s not too late. It’s just time to get cozy with your cash.

The Cozy Cash Plan is only $7 and it’s available now HERE. 

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Did you know we have a Money Mindful Moms Club?  And you’re invited!

The Money Mindful Moms Club is for moms who want to get their financial sh*t together and need the accountability and support that comes along with a community. 

The Money Mindful Moms Club will feature:

- A monthly theme along with action items and challenges to get you into action making changes in your own life.

- A calendar of virtual events each month including classes, expert guest speakers, Q&A's with Krista, and more. 

- A growing resource library with printables and other materials for you to grab whenever you need. 

- We plan to add more as the club grows

So how much is it to be in the Money Mindful Moms Club?  

That's up to you!  This is a pay what you want club.  Each month you'll find a pinned post at the top of the club with the calendar of events, plus a link for you to contribute what you feel like it's worth to you.  

This will allow us to continue bringing you the best resources to make this the environment where you can learn what you need to get your debt paid off, build up your savings, move on to the next stages of financial goals, and do it all while raising tiny humans.  

It's now open for you to join and we're just getting started! 

Click here to join The Money Mindful Moms Club

Can't wait to be club friends with you!

<3 Krista

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Ready to get your debt paid off this year?  Watch my NEW free "Ditching Debt Once and for all" Workshop HERE or grab my FREE Debt Free Get Started Guide HERE to get the ball rolling towards your debt free life----more----

More resources:

Connect: moneymindfulmoms@gmail.com

Instagram & Tik Tok: @moneymindfulmoms