Inspired Budget
The Inspired Budget Podcast helps women live their best life and reach their money goals. Join Allison Baggerly for inspiring conversations to help you learn more about budgeting, saving money, paying off debt, and investing for your future. You’ll be hearing not only from Allison, but others along the way that have a story and voice to share.
Inspired Budget
#210: What to Do When You’re Facing Job Loss While Paying Off Debt
Ever feel like you're trying to pay off debt while holding your breath, hoping your income doesn’t suddenly vanish? Or maybe your family has income that comes in waves, and you’re just trying to keep the budget afloat?
You’re not alone. In this episode, I’m answering two listener questions that so many people are navigating right now:
- Should I pause my debt payoff if I’m worried about losing my job?
- How do I budget when my income is totally unpredictable?
We’ll talk about:
- Why pausing your debt-free journey isn’t failing, it's smart
- How to build a financial safety net when layoffs are on the horizon
What a “bare bones budget” is and why it matters - How to create an “income bucket” to smooth out unpredictable paychecks
- And most importantly, why budgeting has to be flexible
Whether you’re in a rocky job situation or dealing with variable income, this episode will help you feel more prepared and less overwhelmed. Small, steady steps matter, and I promise, you’re not behind.
📘 Grab my book Money Made Easy for more step-by-step help, including examples, visuals, and real-life stories from our own journey.
💌 Want to submit a question for a future episode? Email me at allison@inspiredbudget.com or DM me @InspiredBudget on Instagram.
You Might Like:
- Get the FREE Goodbye Debt Tracker!
- Grab my FREE Budgeting Cheat Sheet.
- Get the Budget My Paycheck Spreadsheet.
- Follow Allison on Instagram! @inspiredbudget
- Check out Inspired Budget's blog.
- Take my FREE class on How to Budget to Build Wealth!
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