POM032: The Journey to Saving 50% of Income with Cait Flanders
In this episode, Cait Flanders discussed paying off $28,000 of debt. She also goes into detail about her year of less where she did a no shopping ban and journeyed to saving 50% or more of her income every month. We discuss:
- the steps to eliminate debt
- the one question that got her to save 50% of her income
- exact steps to get started
Cait Flanders:
Cait Flanders is a former binge consumer turned mindful consumer of everything. Through personal stories, she writes about what happens when money, minimalism, and mindfulness cross paths. Cait’s story has been shared on Oprah.com, Forbes, Yahoo!, The Guardian, The Globe and Mail, CBC News, and more. She inspires people to consume less and live more, on her blog caitflanders.com. Cait lives in Squamish, BC, Canada, with her three loves: the mountains, the forest, and the ocean.
Resources Mentioned:
CaitFlanders.com – personal finance blog with information about debt repayment and the shopping ban
The Year of Less: How I Stopped Shopping, Gave Away My Belongings, and Discovered Life Is Worth More Than Anything You Can Buy in a Store by Cait Flanders – a self-help memoir detailing the first year of the two year shopping ban
Thanks for listening:
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