Episode
Pay Off Debt or Save Money? How to Budget for Both Without Giving Up Vacations | 619
- Podcast
- Financial Coaching for Women: How To Budget, Manage Money, Pay Off Debt, Save Money, Paycheck Plans
- Published
- Sep 16, 2026
- Duration seconds
- 1036
- Processing state
not_requested- Canonical source
- https://budgetbesties.com/
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Summary
Curious? Take The Free Money Stress Quiz! Ready? Buy Our Simplified Budget System Now! Budget besties, what do you do when more money finally starts coming in…but you also have debt, vacations, savings goals, and about 47 other things competing for those dollars? In this episode, we’re sharing real coaching situations that show why there usually isn’t one “perfect” answer. One client had been dealing with significantly smaller paychecks for months while her husband went through recurring pilot training. Their lifestyle wasn’t outrageous—but their income had dropped by thousands of dollars some months, and credit cards became the way they filled the gap. Then the regular paychecks came back. And a lump sum of money was coming in. Cue the question we hear all the time: What do we do with it? They wanted to refill savings buckets, but they were also carrying around $50,000 in credit card debt with interest rates hovering around 28–30%. Sometimes the exciting answer is funding all the things we want to do. Sometimes the answer is a little more boring: create breathing room by knocking out expensive debt. But we’re not stopping there. Because if you already know a lower-income season is going to happen again in five years? We can start preparing for it now. Figure out how much income was missing during that six-month period, divide that amount over the years ahead, and start building a savings bucket for Future You. Then we’re flipping the situation and talking vacations. One of our coaching clients is working aggressively toward paying off debt—but she already had trips booked before coaching started. And budget besties, buying the plane ticket does not mean the vacation is paid for. We still need to think about: Food Transportation Activities Entertainment Souvenirs and s…