57. From Teacher Salary to Debt Freedom | Practical Budgeting tips with Allison Baggerly
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57. From Teacher Salary to Debt Freedom | Practical Budgeting tips with Allison Baggerly
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Description
In this enlightening episode of the Her Business Elevated podcast, we sit down with Allison, a leading expert in money management dedicated to helping women break free from the paycheck-to-paycheck...
show moreAllison shares her inspiring journey from paying off over $111k in debt on two teachers' salaries to becoming the full-time CEO of Inspired Budget. Her mission has empowered thousands of women to budget effectively, pay off debt, save, and invest for their futures.
We delve into Allison's personal interests, including her love for hiking, exploring nature, camping, and disconnecting from the world. She also discusses how she transitioned from the classroom to starting her business in 2017, combining her teaching skills with her passion for personal finance. Key takeaways from this episode include:
- -How Allison's perspective on budgeting shifted from a negative to a positive outlook, viewing a budget as a tool for freedom and intentional spending.
- -The importance of having a realistic budget that makes you proactive rather than reactive. -Understanding that sacrifice doesn't equal deprivation and how to balance seasons of financial sacrifice with long-term financial freedom.
- -Practical tips on creating a realistic budget based on knowing yourself, your spending habits, and setting clear priorities and goals.
- -The importance of financial literacy and how we can educate ourselves to make informed financial decisions. Additionally, Allison shares insights from her book, "Money Made Easy," providing listeners with practical advice to simplify their financial journey.
Join us for this inspiring conversation and learn how to take control of your finances, just like Allison did.
Visit Allison at http://inspiredbudget.com
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