How women can lower financial stress and take control of credit card debt during coronavirusAug 24, 2020
Covid-19 has devastated many Americans’ finances, with lost jobs and wages, but there has been at least one silver lining: The economic shutdown and extensive lockdowns have forced consumers, including many millennials, to cut back on discretionary spending. This has given some of those in debt, and not facing imminent financial emergency, a chance to pay down credit card balances.
“People have been not spending at all and have been using this money to pay off their debt,” said Bernadette Joy, founder of #DebtCrushers, an initiative to help millennials, and women in particular, who are stressed about debt and financial pressures.
Joy started #DebtCrushers in early March, before the pandemic hit the U.S. economy, and based on personal experience: She successfully paid off $300,000 in debt and wanted to help other women achieve the same debt-free lifestyle. Joy does charge for consultations and a Crush Your Money Goals membership. So far, #DebtCrushers has helped millennial women pay off $500,000 in debt.
Read the full article on CNBC featuring our founder Bernadette Joy and our #DebtCrushers community!
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