211. How to Pay Off Credit Card Debt

Financial Feminist

Her First $100K

Self-improvement, Education, How To, Business

4.7 • 6.2K Ratings

🗓️ 30 January 2025

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

If you’ve been struggling to break free from credit card debt––you’re in the right place. In this episode, I’m diving deep into one of the most commonly requested topics: the ins and outs of credit card debt. We’ll uncover how sneaky interest rates can chip away at your hard-earned money every single day and explore powerful strategies to help you tackle that high-interest debt so you can finally breathe easy. As someone who’s dedicated to helping women save money, invest, and feel financially confident, I firmly believe that understanding your debt is the first crucial step in breaking free from it. When we take back control of our finances, we collectively fight the patriarchy—by making ourselves richer, savvier, and fully in control of our money. Resources mentioned: Check to see if you qualify for my partner personal loan recommendation (doesn’t hurt your credit score! Terms apply: https://soficreator.pxf.io/c/1408818/2083784/25681?adcampaigngroup=lending&adnetwork=brand Our favorite travel and cash-back credit cards, plus other financial resources: herfirst100k.com/tools Read transcripts, learn more about our guests and sponsors, and get more resources at https://herfirst100k.com/financial-feminist-show-notes/211-how-to-pay-off-credit-card-debt/ Not sure where to start on your financial journey? Take our FREE money personality quiz! https://herfirst100k.com/quiz Looking for accountability, live coaching, and deeper financial education? Check out our exclusive community, The $100k Club: https://herfirst100k.com/100k-pod Special thanks to our sponsors: Squarespace Go to www.squarespace.com/FFPOD to save 10% off your first website or domain purchase. Rocket Money Stop wasting money on things you don’t use. Cancel your unwanted subscriptions by going to RocketMoney.com/FFPOD. Quince Get cozy in Quince's high-quality wardrobe essentials. Go to Quince.com/FFPOD for free shipping on your order and 365-day returns. Netsuite Download the CFO’s Guide to AI and Machine Learning at NetSuite.com/FFPOD. Gusto Run your first payroll with Gusto and get three months free at gusto.com/ffpod. Indeed Hiring? Indeed is all you need. Get a $75 sponsored job credit to get your jobs more visibility at www.indeed.com/ffpod. Public Fund your account in five minutes or less at public.com/ffpod and get up to $10,000 when you transfer your old portfolio. (see disclosures: https://herfirst100k.com/financial-feminist-show-notes/211-how-to-pay-off-credit-card-debt/) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hi, I'm Tori Dunlap.
0:01.2	Welcome to Financial Feminist.
0:02.7	And on today's show, we are talking about credit card debt.
0:05.8	How it works, the strategies to pay off debt faster, and how to stay out of it for good.
0:10.1	Let's get started.
0:41.7	Thank you. Hi, team, welcome back to the show. If you are new here, welcome. My name is Tori. I'm a New York Times bestselling author. I fight the patriarchy by making you rich. And we teach women all over the world how to save money, pay off debt, start investing, start businesses, and feel financially confident because we know that a financial education is our best form of protest. And if you're an oldie-buddy-goody, you knew that already.
0:46.0	Welcome to the show. I'm excited to have you here as always. This is a commonly requested topic.
0:50.8	We have done a lot of episodes on the show about debt and how it works and how to pay it off,
0:55.7	but specifically credit card debt is one of those things that feels completely overwhelming,
1:00.8	very, very difficult to navigate, and also like a slippery slope that you constantly are falling
1:07.5	into, right? It's like you're digging yourself out of the hole and the sand keeps falling
1:11.5	in the hole at the same time. So we're going to dive deep on credit card debt today, exactly what it is
1:17.2	and how it works, because you may think you know how it works, but they're kind of sneaky. The
1:22.7	credit card companies are a little sneaky. So we're going to talk about the structure of credit card debt.
1:26.8	We're going to talk about how to pay off debt in a way that's sustainable. That doesn't make you
1:30.7	hate your life. That doesn't make you sacrifice everything that you've ever loved. And we're also
1:35.7	going to talk about, okay, when you are finally out of credit card debt, how do we stay out of it for good?
1:45.3	But first, a word from our sponsors.
1:48.7	This episode of Financial Feminist is sponsored in part by Squarespace, Quince,
1:53.0	Gusto, Rocket Money, Public, and NetSuite.
1:56.2	Build a beautiful website to get your message out into the world with Squarespace.
1:59.7	Squarespace was the first purchase I
	...

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