She Strengthens

Breaking Free from Student Debt

As I celebrate paying off my student loans, a significant milestone in my financial journey, I’m reminded that my partner’s six-figure debt is a harsh reality we must face together. With monthly payments hovering around $800, it’s easy to feel overwhelmed by the weight of this burden. However, instead of letting it define our financial future, we’ve chosen to tackle it head-on.

Opening Up About Debt

The first step in coming to terms with any struggle is to talk openly about it. My partner’s initial feelings of shame and embarrassment about his debt made it difficult for him to discuss it. But once he shared his concerns, I was able to offer reassurance and support, allowing us to grow closer and work together to manage his debt.

Facing the Numbers

Creating a budget spreadsheet has been instrumental in helping us understand our financial situation. We detail our income, expenses, and savings goals, making conscious decisions about where to cut costs and where to splurge. This transparency has given us a sense of security and control over our finances.

Intentional Spending

A budget is only effective if you stick to it. To make intentional purchasing decisions, I limit impulse buys, cook at home, and maintain wish lists for non-essential items. By mentally shopping before making a purchase, I save time and money. This mindful approach has become a valuable financial lesson for me.

Moving Forward

After laying everything bare, it’s essential to start living. Dwelling on financial struggles won’t change our reality, so we focus on making progress and celebrating small victories. We acknowledge that our financial situation is what it is, but we won’t let it dictate our happiness. By being kind to ourselves and trusting our decisions, we can move forward with confidence.

Dreaming Big

Big debt shouldn’t hinder big dreams. My partner and I regularly imagine our future, envisioning the trips we’ll take, the house we’ll own, and the careers we’ll have. We give ourselves permission to dream without fear of how much it will cost or how long it will take to save. With determination and perseverance, we believe we can achieve our goals and create a brighter financial future together.