Things happen to throw us off course in life, including with our finances. We don’t have to stay stuck. We can make the decision to get back on track. Join Wendi as she discusses the steps to take when the journey from debt takes a detour.
A Setback Doesn’t Have to Be the End of the World
There’s a reason why sayings like “if you fall off a horse, you just have to get back on” or “it doesn’t matter where you start, but where you end” have become truisms in our society. Setbacks happen to the best of us. But when we get stuck it is easy to stay stuck. How can we get back on track with budgeting and getting out of debt? Wendi talks about just that in this podcast. She shares tips on how to restart your journey from debt. Listen to see how sometimes the hardest thing to do is to let go of past mistakes.
Things that will be discussed:
- Hitting the restart button (02:15)
- Back to the basics – start talking (02:25)
- Figure out how it happened (02:55)
- Reminder of how to budget (03:35)
- Stop using credit (04:40)
- Start using only cash (05:35)
- Reinstitute the debt snowball (06:45)
- Forgive yourself for mistakes (07:45)
- Get Help If you Need it (09:25)
- You can do this (10:45)
Resources:
- Every Dollar app
- Journey From Debt budgeting spreadsheet and allocation plan
- Total Money Makeover, Ramsey, Dave
- Total Money Makeover Workbook, Ramsey, Dave
- 4 Steps to Get Back on Track When You’ve Skipped Budgeting
- Blown Your Budget? This 5 Step Plan Will Get You Back On Track
- How to Get Back on Track After You Break Your Budget
- How to Get Your Budget Back on Track