2337: How to Set Up Money-Saving Solutions to Manage Your Debt by John Scura With Money Mini Blog

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 10 June 2023

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

John Scura with Money Mini Blog helps you set up money-saving solutions to manage your debt Episode 2337: How to Set Up Money-Saving Solutions to Manage Your Debt by John Scura With Money Mini Blog Kalen Bruce is the founder of MoneyMiniBlog. His story is simple… he and his wife were $24,000 in debt and became a student of finances to get out. They are now debt-free and building wealth. Kalen shares everything he has learned on his blog, writing informative, entertaining, mini blogs to help you with your finances. Finances can be intimidating, so he keeps his posts short, sweet, and simple. The original post is located here: https://moneyminiblog.com/debt-relief/money-saving-solutions-to-manage-your-debt/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, episode 2337, how to set up money-saving solutions to
0:06.4	manage your debt by John Skurra with MoneyMiniBlog.com, and I'm your host and personal finance
0:12.8	enthusiast, Diana Mariam.
0:14.4	We're going to jump right into today's post as we optimize your life.
0:23.1	How to set up money-saving solutions to manage your debt by John Skurra with MoneyMiniBlog.com
0:30.3	Paying off debt is a common goal for many individuals and families in the U.S.
0:35.3	However, when you're barely getting by each month, it can be difficult to pay down debt,
0:39.5	especially when the interest charges are almost equal to the minimum monthly payment.
0:44.3	The following are several suggestions for money-saving solutions that may help you manage your debt
0:49.3	to take control of your finances.
0:52.3	1. Brown Bag of Lunch.
0:55.8	Taking your lunch to work each day can save between $20 to $50 per week.
1:00.3	With an additional $100 to $200 per month to apply to your debt, you can see your debt
1:06.0	amounts begin to dwindle in just a few months, depending on how much debt you owe.
1:11.3	2. Sav your spare change.
1:14.3	You don't need a piggy bank to save your spare change.
1:17.3	Any container will do to hold your spare pocket change each day.
1:20.3	You'll be surprised how much money you could save each month to pay down your debt by throwing
1:25.0	your change in a jar each day when you come home.
1:28.0	However, don't opt for the easy way out when cashing in your change.
1:31.8	If you take your change to an automatic coin counter, you could pay from 7-10% for the
1:37.0	convenience.
	...

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