Published On: Sun, Feb 7th, 2016

How to Save Half Your Income with Joe Saul-Sehy & Kathleen Celmins

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One of the key strategies that we personally used to get out of debt, was to live on half of our income. We used one half of our income to live on, and the other half to get out of debt.

To you that may seem like an extreme, maybe even impossible feat, to try and accomplish. However, the truth is that it’s not as far-fetched of an idea as you may think.To help you learn more about the process we interviewed Joe Saul-Sehy of Average Joe Money and Kathleen Celmins of Save50.org,to educate you on this strategy.

If you truly desire to become debt free once and for all, then learning how to save half your income would be valuable insight for you to adhere to. This episode of The His & Her Money Show will give you the clarity and inspiration to realize, that you have the power to take control of your financial situation.

Listen to the podcast.

Source: His and Her Money

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Did you know?

African Americans are significantly more likely to have some type of debt (94%) compared with the general population (82%). Credit card debt, student loan debt, and personal loans are all significantly higher in the African American community.

Source: Prudential’s 2013 "African American Financial Experience" study