BA Fam, we’re back with a classic BA Q&A, and this week’s episode is all about the kind of debt that just hits different credit cards with sky-high interest rates. A listener wrote in with a heartfelt message and a tough reality: nearly $12K in credit card debt spread across multiple cards, with APRs climbing over 30 percent. 

Mandi breaks down:
When debt consolidation actually makes sense
How to avoid the trap of solving a short-term problem without fixing the root issue
What happens to your credit score (for better or worse)
The difference between snowballing your debt vs. avalanching it
And why it’s time to stop avoiding your balances

You’re not alone, BA fam. And no, you're not failing. You're just one plan away from a financial reset. Let’s talk about it.

 

📩 Got a question? Email brownambitionpodcast@gmail.com or DM @brownambitionpodcast

 

Resources + Links:
Investor.gov Compound Interest Calculator

https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator
Apps for tracking expenses: Rocket Money, spreadsheets, or whatever helps you
Credit unions for lower-interest personal loans
Debt snowball vs. debt avalanche

 

LET’S STAY CONNECTED

Instagram: https://www.instagram.com/brownambitionpodcast  

Website: https://www.brownambitionpodcast.com

Subscribe & leave us a review—because we love hearing from our BA fam!

BA Fam, we&rsquo;re back with a classic BA Q&amp;A, and this week&rsquo;s episode is all about the kind of debt that just hits different credit cards with sky-high interest rates. A listener wrote in with a heartfelt message and a tough reality: nearly $12K in credit card debt spread across multiple cards, with APRs climbing over 30 percent.&nbsp;
<a href="https://www.instagram.com/mandimoney/">Mandi </a>breaks down:
<ul>
<li aria-level="1">When debt consolidation actually makes sense</li>
<li aria-level="1">How to avoid the trap of solving a short-term problem without fixing the root issue</li>
<li aria-level="1">What happens to your credit score (for better or worse)</li>
<li aria-level="1">The difference between snowballing your debt vs. avalanching it</li>
<li aria-level="1">And why it&rsquo;s time to stop avoiding your balances</li>
</ul>
You&rsquo;re not alone, BA fam. And no, you're not failing. You're just one plan away from a financial reset. Let&rsquo;s talk about it.
&nbsp;
📩 Got a question? Email <a href="mailto:brownambitionpodcast@gmail.com">brownambitionpodcast@gmail.com</a>&nbsp;or DM <a href="https://www.instagram.com/brownambitionpodcast/">@brownambitionpodcast</a>
&nbsp;
Resources + Links:
<ul>
<li aria-level="1">Investor.gov&nbsp;Compound Interest Calculator</li>
</ul>
<a href="https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator">https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator</a>
<ul>
<li aria-level="1">Apps for tracking expenses: Rocket Money, spreadsheets, or whatever helps you</li>
<li aria-level="1">Credit unions for lower-interest personal loans</li>
<li aria-level="1">Debt snowball vs. debt avalanche</li>
</ul>
&nbsp;
LET&rsquo;S STAY CONNECTED
Instagram: <a href="https://www.instagram.com/brownambitionpodcast">https://www.instagram.com/brownambitionpodcast</a> &nbsp;
Website: <a href="https://www.brownambitionpodcast.com">https://www.brownambitionpodcast.com</a>
Subscribe &amp; leave us a review&mdash;because we love hearing from our BA fam!

The Brown Ambition Podcast helps you unapologetically build wealth by saving, investing and making smart career choices — on your own d@mn terms! New episodes Wednesdays and Fridays.

Money and career advice for women of color, by women of color

Brown Ambition

How to Pay off $11,000 of Credit Card Debt [BA QA]

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/935dd66c-93e7-4d9d-841b-b2df00253612/transcript

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