Getting Good with Money summary

Introduction

Getting Good with Money by Jesse Fearon Pay off debt and find financial freedom without losing your mind. In March 2013, Jesse Fearon's life hit rock bottom. She was pregnant with her second child. She listed expenses for her and her husband.

She looked over the numbers. She came to a startling realization. They were totally broke. Their small family lived paycheck to paycheck.

They were about to be swallowed by debt. Something had to change. So began Jesse and her husband's journey. They sought their dream life of financial freedom.

They drastically altered their lifestyle. They employed smart money strategies. They became debt free. They built up their savings.

They even paid off their mortgage. All this was on a $47,000 salary. Money struggles may seem natural, but they do not have to be. We will explore Jesse Fearon's tips.

These help take control of personal finances. Learn to create and stretch a budget. Learn to pay off debt. You will create a life of financial independence.

Are you ready to get good with money?

different money struggles

Different Money Struggles Personal finances are just that, personal. Everyone's experiences are different. Money struggles separate into four categories. These correspond with different personality types.

The first category is the floater. These individuals are stuck. They live in the paycheck to paycheck cycle. There is seemingly no end in sight.

Floaters may feel they are not making headway. They often give up altogether. Next, there is the daredevil. This archetype is easily identified.

They lack a savings account. They are not stuck in the paycheck cycle. But they cannot make big purchases. They sink into debt without savings.

Third, we have the spender. These people cannot control excessive spending. Spenders might justify purchases as amazing deals. But they often fail to stay within budget.

Our last category is the avoider. These individuals are wrapped up in major money issues. They pay off student loans. They save for retirement.

They are completely burned out. They are weighed down by responsibilities and worries. It is easy for this group to lose sight of their future. Most of us fall into one category.

This happens at some point. You may identify with one or more types. It does not matter where you are. Identifying your unique type is the first step.

It leads to real positive changes. Learning to manage money is 20% math. It is 80% changes in behavior. You must discover actions that led you here.

Figure out how to change them. This will improve your situation. For instance, floaters benefit from budgeting. They learn to create and stick to a budget.

Daredevils will be on solid footing. They build up a savings account. Spenders can see improvements. They discover and steer clear of triggers.

These triggers cause overspending. Avoiders can fix their issues. They reevaluate future goals. They create a plan to put them into action.