The Family Finance Show

Conquering a Mountain of Debt, the First Step to Financial Freedom

August 09, 2022 Season 3 Episode 5
Conquering a Mountain of Debt, the First Step to Financial Freedom
The Family Finance Show
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The Family Finance Show
Conquering a Mountain of Debt, the First Step to Financial Freedom
Aug 09, 2022 Season 3 Episode 5

Judith was a high earning corporate employee until three maternity leave periods away from work reduced her income at the very moment her family expenses were increasing with three new mouths to feed.

Needing a bigger house and car, the family took out a loan. And with the escalating costs of a house build, they had to take out more debt and personal loans to cover the gap between income and expenses. Judith and her family now manage their budget very closely and have a clear plan to pay off their debt well in advance of the loan term, to save on interest expense.

If you need some inspiration to pay off debt, starting today, listen to this episode. 

Join us on Twitter for real conversations about family finances:


Subscribe on your favorite podcast platform: https://podlink.to/FamilyFinanceShow

Show Notes

Judith was a high earning corporate employee until three maternity leave periods away from work reduced her income at the very moment her family expenses were increasing with three new mouths to feed.

Needing a bigger house and car, the family took out a loan. And with the escalating costs of a house build, they had to take out more debt and personal loans to cover the gap between income and expenses. Judith and her family now manage their budget very closely and have a clear plan to pay off their debt well in advance of the loan term, to save on interest expense.

If you need some inspiration to pay off debt, starting today, listen to this episode. 

Join us on Twitter for real conversations about family finances:


Subscribe on your favorite podcast platform: https://podlink.to/FamilyFinanceShow