2811: Avoid These 3 Pitfalls of Debt Consolidation by Miranda Marquit of Good Financial Cents

Published: July 28, 2024, 7:05 a.m.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.\nEpisode 2811:\nMiranda Marquit of GoodFinancialCents.com outlines the critical mistakes to avoid when consolidating debt, such as misusing newly available credit and not changing spending habits. Her advice helps ensure debt consolidation serves as a pathway to financial stability rather than a setback.\nRead along with the original article(s) here: https://www.goodfinancialcents.com/avoid-pitfalls-of-debt-consolidation/\nQuotes to ponder:\n"Debt isn\u2019t the problem; it\u2019s a symptom of your spending problem."\n"Don\u2019t use your freed-up lines of credit unless you are done paying off your debt consolidation loan, and your spending is under control."\n"Missteps, such as falling back into old spending habits or mistaking settlement for consolidation, can exacerbate financial woes."\nLearn more about your ad choices. Visit megaphone.fm/adchoices