Financial Confidence for High-Achieving Women | Money Mindset and Wealth-Building Tips for WOC Entrepreneurs

Why You Feel Conflicted About Saving vs Paying Off Debt (and a Practical Way to Do Both) [Ep 34]

‱ Taryn T-Money$ Ferrer | Financial Wellness Coach ‱ Episode 34

Send us a text

In this episode, Taryn Ferrer discusses the emotional complexities surrounding the decision to save or pay off debt, emphasizing that the conflict is rooted in feelings of safety and control. She introduces a dual track strategy that allows individuals to build savings while paying down debt, providing practical steps to achieve financial balance without burnout. The episode concludes with actionable steps for listeners to implement in their financial planning.

Tune in to hear:

  • The conflict between saving and paying off debt is emotional.
  • High achievers often seek perfection, leading to inaction.
  • Extreme financial strategies can lead to burnout.
  • Having a peace of mind fund can prevent new debt.
  • Reassessing financial strategies every 60-90 days is crucial.
  • Emotional checkpoints help gauge financial progress.
  • Wealth is built through consistent systems, not quick fixes.
  • Fear-based decision making can hinder financial progress.
  • Creating a split strategy for extra money can balance goals.
  • Support from a financial coach can enhance financial planning.


Book Your Wealth Alignment Assessment: 
https://calendly.com/heytmoneyhoney/financial-consultation

Break Free From Debt Bootcamp: https://manifestmoneyhoney.com/break-free-from-debt-bootcamp

Listen to more episodes at Financial Confidence for High-Achieving Women

Related Episodes:

Episode 4: Save or Pay off Debt: Which One Should You Do First?

đŸ“± Say hi on Instagram and share your favorite episode to your stories. Be sure to tag @heytmoneyhoney

 
đŸ‘©đŸœâ€đŸ’»Learn more about our financial coaching services or how we can collaborate:
https://manifestmoneyhoney.com


If you enjoyed this episode, please take a screenshot of this episode and share it on your stories. Don’t forget to tag me!


😍 Loving the show? Hit subscribe/follow so you don’t miss out on more financial tips.