Over $100,000 of Debt Destroyed on a Teacher’s Salary – with Allison Baggerly

Allison Baggerly Inspired Budget

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For some people, their pile of debt can feel so huge that paying it off just feels like fiction. It feels impossible. It feels overwhelming.

Well today, I’ve invited someone on the show who felt the same exact way, but then she took action and won the battle against her debt.

Allison Baggerly and her husband partnered together to pay off $111,000 of debt in 4 ½ years. They completed this difficult feat on two teacher’s salaries with two little kids at home. In our interview, she’s going to share with us how she did it.

What are we covering?

Allison and I chat about:

  • How they accumulated $111,000 of debt
  • Why budgeting was their key to success in paying it off
  • How their debt freedom changed their lives

Allison’s advice and story will help you battle your debt load and inspire you to create the financial future you’ve always wanted. Enjoy!

SHOW LENGTH: 46 minutes

CLICK THE PLAY BUTTON ABOVE OR LISTEN ON:

Marriage, Kids and Money, Andy Hill
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About our Guest:  Allison Baggerly

Allison Baggerly Inspired Budget

Allison is the founder of Inspired Budget. She has combined her passion of teaching and finances to help others learn how to start budgeting. 

Allison’s passion for budgeting surfaced after she and her husband found themselves newly pregnant and with over $111,000 worth of debt. They did not have enough money left over each month for daycare expenses, so they knew something had to change. It was during those years of sacrifice and paying off debt that she realized just how much she loved finances and taking back control of her money through budgeting.

Now Allison is helping women all over the world get started with budgeting when they feel lost and overwhelmed.

Recommended Book: The Total Money Makeover by Dave Ramsey

Recommended Book: The Millionaire Next Door by Thomas J. Stanley

How this Teacher Paid Off Over $100,000 Dollars in Debt

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Money Master of the Week

Stephanie from Poorer Than You

Stephanie from Virginia recently shared a net worth win of hers on Twitter!

She’s now a member of the $100k club after achieving a $100,000 net worth just this last month.

Stephanie Poorer Than Your Twitter

Stephanie shared the details of her win on her blog, Poorer Than You.

The number one way she’s achieved this is by investing for her retirement. She has over $100,000 in her retirement bucket alone. For a young 30-something, that is some huge savings.

Stephanie is our Money Master of the Week!


Share Your Wins

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If you have a financial victory you want to share on this show, please leave me a voicemail (or an email) and include the following:

  • First name
  • Location
  • Your recent big win
  • How you did it
  • If/How you celebrated
  • Your financial plans for the future

Your story will inspire others to save more, make more and plan for their family’s future.

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I truly appreciate the support everyone!

Questions?

I’d love to hear from you!

If you’d like your question featured on the show, reach out and let me know. It would be my honor to support you in your journey toward financial freedom.

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Carpe Diem Quote

“A budget is more than just a series of numbers on a page; it is an embodiment of our values.”

-Barack Obama


Have you eliminated debt from your life? Or are you working on it?

Please let me know in the comments below!


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Marriage, Kids and Money, Andy Hill
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Author: Andy Hill

Andy Hill is the host of the Marriage, Kids and Money Podcast which focuses on helping young families build wealth. This 5-star rated podcast was nominated as "Best New Personal Finance Podcast" by Plutus. Andy's advice and personal finance experience have been featured in major media outlets like Business Insider, MarketWatch and NBC News.

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