The 3 Steps That Helped This Single Mom Pay Off $77K of Debt | Real Moms Real Money | Parents

Kumiko Love, a.k.a. The Budget Mom, is a finance professional, but her career in corporate finance didn’t translate to expertise in personal finance. After her divorce in 2015, Love became a single mom and accumulated thousands of dollars in debt from student loans, credit cards, and medical bills. Once she realized the effect her spending habits had on her son, Love decided to get serious about her finances and work toward financial freedom. In search of a budget method that fit her family’s needs, Love created a customized budget and was able to pay off over $77,000 in debt. Love’s journey to financial independence launched her business, The Budget Mom, which helps other moms overhaul their finances to achieve a life they love.

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