Hey there 👋
When your debt’s bigger than your annual income, it’s easy to feel like you’re starring in a financial horror movie (with no exit).
But there is a way forward—no panic, no shame, no confusing money jargon. Just real talk and a starting point.
📉 Our Top 3 Steps to Lower Your DTI (Debt-To-Income) Ratio
1. Shift the Narrative. Debit is a tool that most people use–whether you want to go to college, buy a car, or move to your dream home.
Leveraging debt to meet your needs doesn’t make you a failure–it means you’re a typical human who isn’t independntly wealthy enough to bankroll the important things in life.
2. Know Your Numbers. This might feel uncomfortable, but we need to know where we’re starting before we can make a plan.
It’ll help you see the big picture of your finances and allows for shifts in your spending. Consider:
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Doing this with a trusted partner or friend
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Going somewhere fun – like a coffee shop
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Journaling about your feelings after your debt inventory
3. Small & Sustainable Shifts. Ever heard of the debt snowball? Basically, little wins = big gains.
As humans, we have a hard time with intrinsic motivation, so we need to position ourselves for extrinsic wins whenever we can!
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Pay off the smallest debt first
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Don’t cut everything out at one time
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Save for small goals – like a trip to your favorite restaurant or staycation
Speaking of small shifts… we heard that life is overwhelming so let us help you out!
We’re switching up the Friendletter to 2x per week, Tuesdays & Fridays, instead of our normal gig. That’s 52 less emails to read per year. We gotchu 😉
Get more out of your summer with our Monthly Money Challenge! This month’s Super Saver Challenge is all about helping you find an extra $300, whether it’s for your emergency fund or for some poolside fun. 🌞
You’ll get 30 days of free activities, easy eat-at-home ideas, and smart tips to curb impulse spending.
As you already know, that’s a nice dent to put into the principle of those loans. 😉 Get 50% off with code HELLOBYE.
In Case You Missed It
Your phone called… it’s overwhelmed. 😅
Friday’s episode with professional organizer Tara Bremer is your permission slip to finally clear out that digital mess.
No more surprise storage warnings or paying for extra space you don’t need.
See ya later!
Kim
**Means this is a sponsored or affiliate section. We may earn a small fee or commission when you choose to try one of our sponsor or affiliate partners. But opinions are still 1000% our own.
