I’m A Budget Expert And This Is The Genius Way I Paid Off $36,500 In Debt In Just TWO YEARS

A budget expert has revealed how she paid off $36,000 in debt using “months with no expenses.”

Elis Lyons28, is a money blogger from Nebraska who regularly shares her tips and tricks to achieve financial freedom and get yourself out of debt once and for all.

She is known for sharing tips and tricks on a budgeting technique called “no-spend months,” where she spends little to no money during that period.

Now the savvy saver has revealed how you can use her process to “intentionally spend, pay off debt, and save money.”

She is known for sharing advice on “months with no expenses,” spending little to no money during that time

During the no-spend months, the goal is to do your best to spend little to no money each day.

Elyse noted that you should plan ahead and write down which days of the month you need to spend some money.

She also said to celebrate the days when you don’t spend money by keeping a calendar handy.

Speak against Good morning Americashe explained how she first started budgeting in earnest, explaining that she was tens of thousands in debt — including $29,000 in student loans — in her early 20s.

“At 22, I was $34,000 in debt because I had student loans, car payments, and some credit cards.

“And I knew that if I wanted to enjoy my life a little bit more, I had to pay it off.

“I took it seriously and paid off $36,500 with interest over two years,” she told the outlet.

Now Elyse has built a business by sharing her journey with her 32,000+ Instagram followers.

On her social media, she explained that the idea behind no-spend months was to focus on building habits

Elyse noted that every month will have exceptions, so you shouldn’t try to limit yourself to spending $0 every day

On her social media, she explained that the idea behind no-spend months was to focus on building habits.

“The goal isn’t to create shame around spending, it’s to see who you really are and what your actual spending habits are about.

“I think sometimes when we first start budgeting, we like to think we can’t spend anything in that category — and then we realize what our habits are,” she explained.

Elyse noted that every month will have exceptions, so you shouldn’t try to limit yourself to spending $0 every day.

“Extreme deprivation doesn’t work for your budget for long,” she noted.

Elyse said you need to plan for these days or the things you know you’ll spend money on, like ordering takeout every once in a while

She added that in addition to keeping a calendar of the days you spent money and not, you should also make a list of things you wanted but didn’t do during the month. have purchased.

She said instead plan for these days or the things you know you’ll be spending money on, like ordering takeout every now and then.

Elyse said, “I don’t want this challenge to be about ‘success or failure’, but about what you didn’t know about yourself and your spending.”

She added that in addition to keeping a calendar of the days you spent money and not, you should also make a list of things you wanted but didn’t do during the month. have purchased.

The money expert noted that if you keep coming back to the item, you can justify purchasing it the following month.