003 How to quickly pay off debt on your teaching salary
People who are in debt often feel a sense of shame or guilt. We need to change this mindset and learn to be more forgiving towards ourselves. This episode is all about debts. We will talk about why people get into debt, the importance of getting out of debt and the quick easy tips to do this.
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[00:02:00] "I just wanted to say a massive thank you. I'm now debt-free."
[00:02:30] Why do people get into debt?
[00:03:30] Forgive yourself.
[00:04:00] Why is it important to get out of debt?
[00:05:30] How to Get Out of Debt, Tip One: Look up what you can do with that money in the future
[00:06:00] Tip Two: Set yourself a massive goal
[00:06:30] Tip Three: Add up your debt
[00:07:00] Tip Four: Work out if you have a small debt or if you are in debt crisis
[00:07:30] Step Five: Check out Step Change’s Debt Remedy Tool
[00:09:00] Step Six: See if you can switch any debt to 0% credit cards
[00:10:00] Step Seven: See how much more money you can find to get your debts paid off more quickly
Hi, I’m Eileen Adamson, teacher, money coach and co-host of BBC podcast Clever About Cash. I help female teachers to become happier, healthier and wealthier.