The Money Mindset Podcast

#125 Why You Should Have Fun Money When In Debt

February 23rd, 2023

Debt is something that we all experience in our lives at some point or another. It can feel like a weight on our shoulders and be quite frustrating.

The good news is that there are ways to take the pressure off and make debt feel less like a burden and more like something that you can look forward to getting rid of someday!

In this episode, Ashley will explain why having some "fun money" each month can give you the financial freedom to still do the things you enjoy without the stress of having to pay off your debts.

Hosting Today:
Hey, I’m Ashley Patrick, a personal finance expert and founder of Budgets Made Easy. I help busy moms create systems to save money and pay off debt so they can reach their big dreams faster and easier.

I was able to pay off $45,000 in just 17 months including $25,000 in student loans in just 10 months. I’m a Master Financial Coach and have a bachelor's degree in psychology and will help you get to the root of your money problems.

Since my journey started I have been featured on Fox Business, Yahoo! Finance, Food Network, USA TODAY, MSN, CNBC, NerdWallet, and many others.

“If you have a lot of debt and it's gonna take you a couple years to pay it off and if you like having your hair nails done, that's not something that you're gonna put off for years, right? Like you're gonna still get your hair done, you're still gonna get your nails done. And so you just have to make a plan for that. As long as you have the money in your budget that you can send to that, I'm okay with it. Now if you're going into debt to pay for these things, that's a little different, right?”
- Ashley Patrick

00:29 - Introduction to today's episode
02:16 - Setting money aside on wants
03:33 - Losing motivation to keep going
05:11 - Making small changes overtime and managing your money in a realistic way
06:30 - Creating a realistic plan
08:29 - Building habits and routines
09:03 - Make extra money
12:48 - Figure out what will work for you
13:45 - Coming up on the podcast

If you'd like to work through your own struggle with your budget 1:1 with me, sign up for a Budget Strategy Session on The Money Mindset Podcast! Sign up at

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