25 min
103. Habits of a debt-crushing family (with Bethany + Corey Adkins) Simple on Purpose | Intentional Living and Parenting
-
- Parenting
We all can think of some financial goals we want to meet (debt-repayment, emergency savings) and maybe we know what habits could get us there - but DOING it is the hard work. And I find it so helpful to hear what other people are doing and what it looks like in action in real life.
Today I'm sharing the rest of my conversation with Bethany and Corey from the Millenial Mission Podcast about what their debt-free journey has been and in this part, they are sharing a lot about the habits they have formed and mindsets that have supported them in persisting and making an impact.
Developing habits to pay off debt as a family
Three changes that have made a big impact on lowering the debt
Knowing what money is coming in and what is going out
The debt snowball (coined by Dave Ramsey)
The financial freedom a budget can bring you
Weekly budget check-ins and monthly budget reviews
Addressing the problem before it becomes a problem
Spouses supporting one another in budget accountability
What to do when you have a spouse who is not on the same page as you with the finances
How debt repayment has impacted their marriage and parenting
Not doing it perfectly
Trusting God with finances, especially during the pandemic
Making sacrifices as a family
When you aren’t able to pay off debt and not giving up
Surrendering your life and money to God
Being intentional and faithful with finances and how that shows up in the other areas of your life
Encouragement to just get started and get a system in place to know what you are doing with your money
More resources
Listen to the first part one: Starting the Debt-Free Journey
How to Own Your Finances So They Don't Own You
Download the free budget worksheet
Find Bethany and Corey on Instagram
Full transcript
0:08
Hey friends, it's Shawna, your nerdy girl and life coach from simple on purpose.ca. So welcome for those of you who are new to simple on purpose. This is a place that I just want to share tips and stories and encouragement for you to simplify your home, your heart and your life. And part of life is finances right, we would all like our finances to be simpler. And in the life on purpose workbook and the life on purpose roadmap, there's a section on finances, where you can set the goals and habits you want to have there. And I think all of us probably can think of the goals we want when it comes to our finances. We want debt repayment, we want emergency savings, we want retirement savings, and so on. And maybe some of us even have an idea on what habits will get us there. We know logically, we need to make a budget we need to cut expenses. But doing it putting it into action is a whole other situation. And I don't know about you, but when I am trying to create a new habit or make a change in my life, I find it so helpful to hear the experiences of other people. And that's why I wanted to interview Bethany and Corey from the millennial mission podcast. This is the second part of my conversation with Bethany and Corey. In the first episode, the first part of this interview,
We all can think of some financial goals we want to meet (debt-repayment, emergency savings) and maybe we know what habits could get us there - but DOING it is the hard work. And I find it so helpful to hear what other people are doing and what it looks like in action in real life.
Today I'm sharing the rest of my conversation with Bethany and Corey from the Millenial Mission Podcast about what their debt-free journey has been and in this part, they are sharing a lot about the habits they have formed and mindsets that have supported them in persisting and making an impact.
Developing habits to pay off debt as a family
Three changes that have made a big impact on lowering the debt
Knowing what money is coming in and what is going out
The debt snowball (coined by Dave Ramsey)
The financial freedom a budget can bring you
Weekly budget check-ins and monthly budget reviews
Addressing the problem before it becomes a problem
Spouses supporting one another in budget accountability
What to do when you have a spouse who is not on the same page as you with the finances
How debt repayment has impacted their marriage and parenting
Not doing it perfectly
Trusting God with finances, especially during the pandemic
Making sacrifices as a family
When you aren’t able to pay off debt and not giving up
Surrendering your life and money to God
Being intentional and faithful with finances and how that shows up in the other areas of your life
Encouragement to just get started and get a system in place to know what you are doing with your money
More resources
Listen to the first part one: Starting the Debt-Free Journey
How to Own Your Finances So They Don't Own You
Download the free budget worksheet
Find Bethany and Corey on Instagram
Full transcript
0:08
Hey friends, it's Shawna, your nerdy girl and life coach from simple on purpose.ca. So welcome for those of you who are new to simple on purpose. This is a place that I just want to share tips and stories and encouragement for you to simplify your home, your heart and your life. And part of life is finances right, we would all like our finances to be simpler. And in the life on purpose workbook and the life on purpose roadmap, there's a section on finances, where you can set the goals and habits you want to have there. And I think all of us probably can think of the goals we want when it comes to our finances. We want debt repayment, we want emergency savings, we want retirement savings, and so on. And maybe some of us even have an idea on what habits will get us there. We know logically, we need to make a budget we need to cut expenses. But doing it putting it into action is a whole other situation. And I don't know about you, but when I am trying to create a new habit or make a change in my life, I find it so helpful to hear the experiences of other people. And that's why I wanted to interview Bethany and Corey from the millennial mission podcast. This is the second part of my conversation with Bethany and Corey. In the first episode, the first part of this interview,
25 min