An estimated 50 percent, and perhaps as many as 90 percent, of people in debt feel anxious or depressed.* Financial analyst, Steph Wagner, joined us for a Twitter chat to discuss the importance of being financially healthy. To get ready for the year ahead, we shared advice on spending habits, budgeting, and saving for everyday expenses, including our health.
Sources: * Step Change Debt CharityAll user-generated information on this site is the opinion of its author only and is not a substitute for medical advice or treatment for any medical conditions. Members and guests are responsible for their own posts and the potential consequences of those posts detailed in our Terms of Service.
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Wow! That's really great, Kristin. I love the idea of No-Spend November. I may need to start doing that. It's all about budgeting and thinking about wants vs. needs.
January 16, 2015 - 3:08pmThis Comment
Thank you Amy for sharing this topic with the EmpowHER community! After many years of carrying credit card debt, when my husband and I had the chance to pay it off, we committed to paying for everything in cash/debit cards.
We got rid of ALL our credit cards. If we really wanted to go on a trip or buy new furniture (for example) we'd go old school and put cash in a mason jar every day until we saved enough. It's really hard to do-but it keeps us worry-free, debt-free.
My best friend also does a no-spend November in her household every year. They only spend money on bills that month. No dining out, no kid's toys, no trips to Target. The money they save that month alone creates a significant impact!
Thanks for the tips!
Kristin
January 16, 2015 - 2:56pmThis Comment