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From $3K in Debt Payments to $2.4K in Savings: How One Single Woman Took Back Her Finances | 434
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One of our single clients came to us with over $263,000 in debt.
๐ณ $3,000/month in minimum payments
๐ No savings
๐ฉ Business and personal finances completely mixed
๐ But she was ready for change.
In just 7 months, hereโs what she accomplished with our coaching and system:
๐ฅ Her Before:
- ๐ธ $263,000 in total debt
- ๐ณ $69,000 in non-mortgage debt
- ๐งพ 10 different loans (credit cards, RV, HELOC, debt consolidation, etc.)
- ๐ฐ $3,000/mo in minimum debt payments
- ๐ผ Personal + business finances mixed
- ๐ซ No emergency fund, no savings system
- ๐ Living paycheck to paycheck โ despite a $7,500/month income
โ Her After:
- ๐ฅ $263K debt reduced
- ๐งจ Minimum payments dropped from $3,000 โก๏ธ $1,200/month
- ๐ต Saving $2,400/month for sinking funds
- ๐ก Business + personal finances completely separated
- ๐ถ Has dedicated savings for pets, travel, Christmas, home maintenance
- ๐ก Downsized to a condo, paid for all renovations in cash
- ๐ Net worth: $684,000
- โจ Living on purpose, with peace and margin โ not just reacting to her bank balance
๐ก What She Did (Step by Step):
- โ Joined coaching for 7 months
- ๐ง Borrowed our belief until she had her own
- ๐ฆ Opened 13 accounts (bills, spending, savings, business, etc.)
- ๐ Set up automatic transfers based on paycheck
- ๐ Called every creditor โ reduced interest, deferred a car loan for a month
- ๐ Canceled warranties + subscriptions
- ๐ Shopped all her insurances โ saved $2,500/year (then another $5,600 when she moved)
- ๐ Made a cow savings bucket ๐ฎ (weโre obsessed)
- ๐ Calculated her actual annual life costs
- ๐ Started using the retirement tab in our budget system
- ๐ Learned how to properly plan for 3-paycheck months
- ๐ฑ Got organized โ and finally felt in control of every dollar
Letโs Take Our Relationship To The Next Level:
1๏ธโฃ Facebook Group โก๏ธ budgetbesties.com/facebook
2๏ธโฃ Be on the Podcast โก๏ธ budgetbesties.com/livecall
3๏ธโฃ Private 1-on-1 Coaching. โก๏ธ budgetbesties.com/coaching
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