Frugal Friends Podcast What to Do if You Have More Debt Than You Make in a Year
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Jul 1, 2025 Debt doesn't have to be a lifelong burden! The hosts share their personal journeys through overwhelming debt, proving that recovery is possible with the right mindset. They discuss practical strategies to manage and reduce debt, highlighting the emotional toll it takes and offering a constructive perspective on viewing debt as a tool. Listeners will also find tips on enjoyable side hustles and community support, as well as insights into gaining financial freedom and making empowered choices.
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Jen and Jill's Debt Story
- Jen paid off $78,000 of debt in two years despite earning less than that annually.
- Jill had $33,000 in student loans and also earned less than that yearly when paying it off.
Debt Obsession Is Common
- Many people obsess about their debt daily, causing major emotional strain.
- Recognizing you're not alone can validate your feelings and lessen overwhelm.
Debt Is Neutral, Not Evil
- Debt is a neutral part of life, sometimes necessary like mortgages or student loans.
- Removing shame about debt helps reduce stress and build healthier financial mindsets.
