What tools to use to ditch debt
- May 15, 2017
- 2 min read
Debt, a four-letter word that yields a lot of weight. Depending on its amount, debt can be a non-factor or bane of someone’s existence. What is debt? “A state of being under obligation to pay or repay someone or something in return for something received,” according to the Merriam-Webster dictionary.
Debt may come in many forms: student loans, medical bills, credit cards, personal loans and living expenses. One of the many questions women have is, how can one save if they are in debt? Tiffany Aliche, better known as “The Budgetnista,” is a financial educator that, for more than 5 years now, travels the world to teach women especially how to budget and save money.
Tiffany “The Budgetnista” with Roland Martin - News One Now
Aliche put her efforts into informing women the do’s and don’ts of financing. At the beginning of the year, Aliche gives a guideline on “Setting Savings Resolutions for 2017.” By implementing a few changes such as scheduling auto deposits to an online savings account, one can move in the right direction into building a savings fund.
At the height of start of her journey, Aliche had a debt of about $300k. She is now debt free and on the “Super Saves” segment of Good Morning America one of her tips to getting debt free including her moving in with her parents. This allowed her to save on living costs initially and pay down. “Know that all your experiences are valid,” says Tiffany Aliche at The UV Effect project. All the ups and downs that debt may cause if looked at positively, may ultimately be stepping stones and a drive to move one out of debt. Aliche also points out, “At the point that you’ve learn to master a skill or a talent; money comes,” this is the mastery level.
In early 2015, Aliche, the Budgetnista, formed the Live Richer Challenge. This free 22-day challenge provides daily tips on how to improve one’s finance. The latest topic for LRC is finding out one’s credit score and cleaning up one’s credit report. With over 250,000 women for the last 3 years attending the LRC event, the event continues to be a hit among women in multiple countries.
Credit score directly reflects debt and can be easily lowered but take great effort to raise. Amazon best seller ranking number one in the budgeting finance genre, the Budgetnista’s One Week Budget tells the story of how Aliche went from 547 to 800 credit score.
Free budget conscious tips with The Budgetnista TiffanyAliche
Aliche provides a plethora of opportunities for both paid and free tools of financial advice from making an initial budget to reducing credit card debt, or even planning a travel vacation. While her seminars and classes are geared towards women, her national exposure via MSNBC, Yahoo Finance, and Good Morning America grant her access to all genders in need of financial education.
For more information about the services Tiffany “The Budgetnista” Aliche offers, visit thebudgenista.com.
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