This Mom Wants to Pay Off $60k Debt (And Wants Baby #3)

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Megan and her husband make $140,000 a year, but they are drowning in $60,000 of debt. To make matters worse, two of her credit cards are currently on financial hardship plans. The kicker? She is 100% committed to having a third baby soon. Today on Millennial Budget Review, we sit down for a complete budget breakdown to figure out if this is even mathematically possible, and how to pay off debt when you feel totally overwhelmed.

But before we can build her step-by-step debt payoff plan, I found a $5,000 hidden leak in her checking account that we have to confront first...

Do you want to take control of your money? Get the exact budget template I used in this video! 📊 Get the DFM Super Budget Template here: https://bit.ly/dfmsuperbudgettemplate

Chapters
0:00 $60k in Debt... and Wanting Baby #3
2:07 How She Got Into 5-Figure Credit Card Debt
3:57 Third Baby is 100% Happening
6:57 Inside Credit Card Financial Hardship
9:37 The Unavoidable $16k Loan
13:05 The $5k Leak in Her Budget
18:03 The Step by Step Plan
23:02 Another Plan She Hadn't Considered
26:44 The Ultimate Reality Check
31:21 2 Days Later.. Did She Actually Do It?

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🎉 Who is Debt Free Millennials? Hi, I'm Justine! Consider me your millennial big sis when it comes to personal finance. We'll cover how to budget, save money, and finally pay off your debt (for good). Let's get you back to financial confidence that helps you crush debt and live a life with more fun and fewer payments. Glad you're here!

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