Paying off $300,000 in 3 years taught me 3 money lessons that are helping during coronavirus

article cnbc coronavirus debt spending strategies May 01, 2020

Before becoming an entrepreneur, I spent the first 10 years of my career in human resources. I started a new business in January 2020 to provide in-person training and workshops about money. Two months later in March, I saw all of my planned engagements postponed, and eventually canceled, as stay-at-home orders were implemented where I live and do business in Charlotte, North Carolina.

Right now, everyone is feeling a sense of urgency around job insecurity or loss, increased medical payments and simply covering everyday basic needs.

Even though this moment was unprecedented, though, I felt oddly prepared to meet it. I understand what it is like to feel uncertain about my finances. My husband and I paid off over $300,000 of debt in three years. Doing that required us to entirely shift how we thought about our money. 

When we really had to think carefully about debt and spending, these three strategies helped us ease our stress and put things in perspective, and they’re still helpful to us now during this period of economic upheaval.

Read the full story on CNBC Acorns:

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