She's On The Money Summer Starter Series: Managing Debt
Jan 9, 2026
Struggling with debt? This discussion breaks down how to effectively manage and prioritize it. Learn to distinguish between good, okay, and bad debt, and discover the pros and cons of repayment methods like avalanche and snowball. Victoria emphasizes the importance of selecting a strategy that suits your personality for better adherence. Get practical tips for speeding up repayments, including budgeting and using windfalls wisely. Ready to take charge of your finances? This chat will guide you towards a clearer, calmer path!
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Target High-Interest Debt First
- Use the avalanche method by targeting the highest-interest debt first while paying minimums on others.
- This saves the most money and can speed up repayment but needs strong discipline to stay motivated.
Build Momentum With Small Wins
- Try the snowball method by paying off your smallest debt first while making minimum payments on the rest.
- This builds motivation with quick wins even though it may cost more in interest over time.
Behaviour Trumps Theory In Debt Payoff
- Behaviour beats logic in debt payoff: 80% behaviour versus 20% knowledge matters for success.
- Choose the method you'll actually stick with rather than the one that only looks best on paper.
