money money money 716b mms: paying off $17.5k debt, spender/saver relationship, getting paid monthly + more
Apr 17, 2024
Long-time listener Catherine discusses managing money with her partner, balancing spender/saver dynamics, and learning to navigate her relationship with money. They explore property and work goals, financial management post-health issues, using Excel for budgeting, and the significance of charitable giving and legal volunteering.
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Rock Bottom Moment with Debt
- Catherine accumulated $17,500 of credit card debt after graduating university, partly due to a large post-graduation trip.
- A pivotal moment occurred when she realized she couldn't afford gas despite a decent income, prompting her to address her spending habits.
Future-Proofing Finances
- Adopt habits and behaviors now to prevent future financial difficulties.
- Glen James emphasizes the importance of "doing the Glen of tomorrow a favor today."
Current Debt Situation and Car
- Aside from her HECS debt, Catherine currently only has a car loan for her Volkswagen T-Cross.
- She uses it for city driving and transporting her bike for triathlons and other sports.