Single mom who paid off $34K of debt empowers other single moms to face their debts

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Single mom who paid off $34K of debt empowers other single moms to face their debts
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'In a way, I saw myself becoming my mom...I saw how hard it was for her to take care of three kids when she did not really grasp how to properly manage her money.' 'I did not want to keep this pattern in rotation. It was literally up to me to break that.'

August 29, 2019

Along the way, King figured out what would and wouldn't work for her, kept up with consistent payments and allocated extra money, like her tax refunds, toward her debt. When life happened and she found herself off track, she would reset and come up with another plan, all with her long-term goal in mind."What worked for me is shifting my mindset of what success was and what was enough because we often tell ourselves, 'I'm not making enough.

"I'm a young, Black single mom on a single income, low income. I didn't find anyone that looked like me," King said."I just wanted to show other women that they could do what I was doing and that they didn't need a super high income and that it was possible, just trying to be the representation that I didn't have."

After starting her debt-free journey in 2016, King finally paid off her final debt four years later -- two student loans of around $10,000 -- in 2020. For her last debts, she also switched from the snowball to avalanche method, listing out all her debts along with their interest rates and then tackling the debt with the highest interest rate first before moving to the next one.

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