41. Debt Series Part 2: Budgeting + Investing
About this episode
This episode discusses practical strategies for budgeting, emergency funds, and investing while managing debt.
This is part two of the practical ways to pay off your debt series! If you missed episode 36, go back and listen first, that's where we did the debt inventory and laid the foundation for everything we're building on now. This episode covers three big topics: budgeting, emergency funds, and investing while in debt. Topics covered in this episode: What a budget actually is How to set realistic spending numbers using past statements Budgeting methods: 50/30/20, zero-based, pay yourself first, envelope system Emergency funds during debt payoff Should you invest while in debt? Balancing low-interest debt payoff with investing Resources mentioned: Debt Reset Guide — A free guide to help you reset your relationship with debt and start fresh Free Budgeting Google Sheet — Simple budgeting spreadsheet to track your income, expenses, and margin Monarch Money — A budgeting app that connects all your accounts in one place Lunch Money — A simple, flexible budgeting tool great for visual spenders Ally High Yield Savings — My go-to high yield savings account (HYSA) Work with Taylor — Book a one-on-one money consult with me! Connect with us! Social Work to Wealth Newsletter Continuing Education…
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