Cait Flanders on simple money and mindful budgeting
The Tortoise with Brooke McAlary
Brooke McAlary
4.6 • 525 Ratings
🗓️ 19 August 2015
⏱️ 50 minutes
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| 0:00.0 | Hello and welcome to episode 22 of the Slow Home podcast. My name is Brooke McCallory and I will be your |
| 0:08.3 | host today. This guy's name is Benjamin McCallory and he will be your co-host. |
| 0:14.4 | 22, feeling blue. Not really. This is a good episode, isn't it? It's a great episode. |
| 0:22.3 | You speak to Kate Flanders about, well, essentially getting out of debt, I guess. |
| 0:30.5 | And what she did over a 12 or 24-month period. |
| 0:35.9 | About two years. |
| 0:36.8 | It took her to get out of about $30,000 of consumer debt. |
| 0:40.5 | Huge. |
| 0:41.1 | So that's credit, basically credit card debt. |
| 0:43.1 | Yeah. |
| 0:43.9 | Man, I envy her. |
| 0:49.4 | It's actually a really powerful story, I think, because basically, and I don't want to give too much |
| 0:55.2 | of our conversation away, but Kate worked really hard to get herself out of debt over a couple |
| 1:00.4 | of years and then found what she calls lifestyle inflation creeping back in, like her spending |
| 1:05.8 | started to increase. |
| 1:07.0 | And, you know, she started maybe wasting money on things or experiences that she didn't need to be. |
| 1:14.1 | And it was kind of there that I realized that that's a really pretty universal story. |
| 1:19.9 | I know a lot of people who will work really hard to maybe regain a financial footing. |
| 1:24.3 | And then once they become comfortable again, you slip back into old habits. |
| 1:28.4 | I know we've been there. I know a lot of people have been there. So it was a really cool |
| 1:31.7 | conversation. What I enjoyed particularly was what she did to stop that and to combat that. |
| 1:38.4 | She kind of, well, she put herself on a shopping ban. And from there, she discovered minimalism. |
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