Inspired Budget #155: From $600K Inheritance to $220K Debt: Haley & Justin's Debt-Free Journey
May 2, 2024
29:54
Haley and Justin inherited $600,000 but ended up blowing through the money and accumulating $220,000 of debt. They share their journey of lifestyle inflation, realizing the extent of their debt, and taking steps to address it.
You Will Learn:
- Why inheriting a large sum of money at a young age can be overwhelming and lead to lifestyle inflation.
- How to have open communication about money with family members.
- Why creating a budget and tracking expenses is crucial to gaining control over spending habits.
Check out Haley and Justin's Podcast Price of Avocado Toast
You Might Like:
- Get the FREE Goodbye Debt Tracker!
- Grab my FREE Budgeting Cheat Sheet.
- Get the Budget My Paycheck Spreadsheet.
- Follow Allison on Instagram! @inspiredbudget
- Check out Inspired Budget's blog.
- Take my FREE class on How to Budget to Build Wealth!