How She Paid Off $30K in Debt on Low Income

Chonce shares the debt payoff strategy she used to pay off more than $30,000 in debt on a low income along with three secrets she learned to pay off debt faster.

This was one of my favorite interviews with money experts because it's a story with which we can all relate. Chonce was drowning in debt as a single mother but she just didn't have enough left in her budget to pay off debt. Her income didn't leave anything to get out ahead.

But she made the decision to take control of her debt and her financial future. She learned everything she could about saving, budgeting and the debt payoff strategies that would help her turn a low income into debt-free. She ended up paying off nearly a year's worth of income in debt in just three years.

It wasn't easy but she's now debt free and able to do so much more with her money. In this exclusive interview, Chonce shares exactly how she did it from the two ways to pay off debt that she recommends to how to stay motivated. She talks about how to use the debt snowball method and her personal favorite, the debt avalanche method, to save money and stay motivated. By the end of the video, you'll have your own budget and plan to pay off debt fast no matter what your income.

How did she save money on a low income?
How to face the challenges in debt payoff and saving money.
How to stay motivated to keep saving money and paying off your debt.
The three debt payoff strategies Chonce recommends to everyone.

Don't forget to visit Chonce's blog at https://www.mydebtepiphany.com/

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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.

Видео How She Paid Off $30K in Debt on Low Income канала Let's Talk Money! with Joseph Hogue, CFA