))
SIMPLE MONEY SYSTEMS II How to Budget, Manage Money, Pay Off Debt, Save Money, Money Tips, Holistic Budget, Spending Plan, Down Syndrome Child, Special Needs Mom
«
»
89 II The Home Equity Trap - Learn Why Borrowing To Pay Off Debt Could Sink Your Finances
Manage episode 479559958 series 3523282
Content provided by Diana Galas - Debt-Free Budgeting Coach, Special Needs Mom, Diana Galas - Debt-Free Budgeting Coach, and Special Needs Mom. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Diana Galas - Debt-Free Budgeting Coach, Special Needs Mom, Diana Galas - Debt-Free Budgeting Coach, and Special Needs Mom or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
SHOW NOTES:
Borrowing against your home to pay off credit card debt sounds like a good idea – until it isn't. The key to true financial freedom isn’t wiping out debt, but changing the habits and systems that created it in the first place.
Friend, if you’re considering using home equity to pay off credit cards, ask yourself: What happens if this doesn’t work? Because you don't want to end up in an even deeper financial hole. Many people consider using home equity to pay off credit card debt. It sounds attractive because it’s a financial move when you can pay off your credit cards and start a fresh, but really? Let's find out if it's really a good idea and what the strings are attached to borrowing money from equity to pay off credit cards.
🎧 Happy listening!
Links & Resources:
✔️ DEBT-FREE MONEY METHOD: apply for 6-week program at https://dianagalas.com/course
✔️ FREE MEAL PLAN WORKBOOK: download now at https://dianagalas.com/mealplan
✔️ FREE PRIVATE COMMUNITY: become a member of a Simple Money Systems Facebook group
✔️ NEWSLETTER: join Simple Money Systems weekly news https://dianagalas.com/newsletter
✔️ TAKE WEALTHY QUIZ: discover your financial strengths and growth areas https://dianagalas.com/wealthy-quiz
95 episodes
Share
