Looking to dump your debt faster? See how you can find a community to support you on your debt free journey!

The Power of Community with Dumping Your Debt Faster

This month is all about paying off debts. Instead of talking about debt snowballs and avalanches, apps or sites, we're going to look at the community; specifically the support network you may or may not have and how it can affect your success. 

Toni Husbands is joining us today. She’s the creator of debt free divas and author of the book, The Great Debt Dump: Running Toward Financial Freedom with the Power of Community.

Besides knowing the stats and studies about getting out of debt. Toni has personal experience with becoming debt free.

If her voice sounds familiar it's because Toni was on the podcast before when she shared her family’s story of dumping six figures of debt. She had an added challenge because her husband Colin wasn’t on board at first.

So if you're in a similar boat, I think you’ll enjoy this conversation where Toni discusses how to find and build up a community to support one another with dumping debt!

Resources to Dump Your Debt Faster

Tired of being in debt? Here are some resources to help you dump it.

• Best Budget and Money Apps: Personal Capital, Tiller, Mint

• Jumpstart Your Marriage and Your Money
• Debt Free Charts
• Attacking Debt: Which One First?
• The Great Debt Dump: Running Toward Financial Freedom with the Power of Community
• Which Debt Payoff Method Is Right for You?
• 5 Books to Motivate and Guide You to Become Debt Free Faster

If you want to chat some more about creating better money habits, questions, or share your own tips please join us over at Thriving Families on Facebook.

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We've been members for years and love their service and competitive rates on checking and savings accounts!

Rollover Your 401(k) Easily with Capitalize

We’re grateful for wonderful partners like Capitalize. Not only do they support the podcast, but they help make managing your money so much easier. 

Did you know that it’s estimated that there are currently over 24 million “forgotten” 401(k) accounts? In fact, the average American changes jobs every 4 years. 

 

And because of the Great Resignation, you or someone you know might be changing jobs even more 

It’s an extreme case of out of sight and out of mind. Is your old 401(k) in there somewhere, left behind at a job you're no longer with?

One huge benefit with an IRA is you get to choose how your money is invested, not your old employer. 

If you want to consolidate your old 401(k) and have more options with how you invest, it may be time to roll them over into an IRA.  

With Capitalize, they handle the process from start-to-finish – for FREE. They handle the process from start-to-finish, and yes that includes calling the 401(k) provider on your behalf. 

Find out how and get started today! 

Key Takeaways

Before we wrap up, I want to share a few takeaways from the discussion with Toni, I think would be really helpful for your own debt free journey. 

• Accountability can be a huge boost.
• Develop systems and habits to help you overcome those tough times. 
• Short term goals can build momentum and motivation.

Of course there's so much more that we can get into, including the ins and outs about finding the best methods of paying off your debt. So, if you want to get the latest episodes, tips, and videos to help you pay off your debts faster, save more. And invest better.

Please sign up over at couple money slash join to be a part of our VIP community. It's free and you'll get weekly emails sent to your inbox with all that information sent to you for your convenience.

I want this year to be an incredible year for you and your family!

Support the Podcast!

Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.

• Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
• Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
• Grab a copy of Jumpstart Your Marriage and Your Money. 

Music and Photo Credits

Music in this episode was provided by artists from Audiio. Photo by Helena Lopes from Pexels