Declutter Your Finances: Breaking Free from the Debt Cycle Without Budgeting Burnout with Germaine Foley (Ep 243)
In this episode of the Wannabe Clutter Free podcast, the host, Deanna Yates, interviews financial expert Germaine Foley, who shares her inspiring journey from $200K in debt to financial freedom. Germaine reveals why traditional budgeting often fails, especially for high earners, and introduces her 'Do Both Method'—a practical approach to managing money without sacrificing joy. She also dives into the psychology behind emotional spending, how to break free from debt cycles, and the importance of mindset in achieving lasting financial success.
Germaine also walks us through her Three-Bucket Money Management System, a simple yet effective strategy for balancing spending, saving, and investing. Whether you’re struggling with credit card debt, looking for smarter ways to manage your finances, or simply want to feel more in control of your money, this episode is packed with actionable insights. Tune in to discover how you can shift your financial habits, build lasting wealth, and enjoy the freedom you deserve!
Key Takeaways:
The biggest mistakes people make when trying to budget
How to manage money without feeling restricted
The Three-Bucket Money Management System for financial balance
How to shift your mindset to break free from debt cycles
Practical strategies to build wealth while still enjoying life
About Germaine Foley:
Germaine Foley is a Certified Life and Money Coach for women who make good money but aren't building wealth. She helps them take control of their finances and build wealth without losing the freedom to travel &/or buy nice things.
Germaine came to this work because she found herself in over $200k worth of debt and with very little savings even though she had a really good income. She figured out how to build wealth AND enjoy life at the same time and now teaches others how to do the same.
Helpful Links:
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Connect with Germaine Foley
Follow Deanna Yates, the host of Wannabe Clutter Free on:
Wannabe Minimalist Family - come join my private group filled with amazing people just like you who are on their journey toward minimalism and simplifying.
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