Understanding the Psychology of Spending for Financial Success

Reported about 16 hours ago

John and David Auten-Schneider, hosts of Yahoo Finance’s 'Living Not So Fabulously,' share their journey from overwhelming credit card debt to financial empowerment. After realizing they were living beyond their means with $51,000 in credit card debt, the couple developed a debt repayment strategy using 0% interest rate credit cards, which they call the 'Debt Lasso' method. Although they successfully paid off their debt in three years, they struggled to maintain their financial discipline and found themselves back in debt, prompting them to explore the psychology behind their spending habits. Their experience led them to create the Debt Free Guys platform to help others achieve lasting financial stability.

Source: YAHOO

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