Skip to main content

Money Gal Coaching: My debt journey started with a pressure cooker

Kelly Blodgett explains the stresses that led to her going on a debt-free journey.

Kelly Blodgett launched Money Gal Coaching with a goal of serving people who, like her, were burdened by debt. You can get her tips for paying down debt on a regular basis at Bring Me The News, in addition to the Money Gal Coaching website and Facebook page. Here latest story: 

I am a big believer in having as little debt as possible, but probably not for the reason you are thinking. There are actual physical, emotional and financial reasons for you to get rid of your debt.

When I was on my journey to getting rid of my student loans I was stressed constantly. And the ironic part was that I couldn’t afford the occasional massage, because I had no money, and I couldn’t relax by curling up on the couch because I was working all the time.

Symptoms of financial stress are real, and these are a few of the big ones:

The first real reason to get rid of your debt is that you are carrying less risk (hello, 2020). My 2020 was unexpected. I dropped from 40 hours a week to 20 basically overnight at my day job because of the pandemic, and that was way more stressful than my previous student loan stress. 

But since my loans were paid off, I just had to reevaluate my budget and watch my spending. Even though I didn’t have extra money, I wasn’t wasting what little money I did have on debt payments. My situation could've been a lot harder had I now gone on my debt-free journey prior to the global health crisis. 

A better credit score is another reason. Sure, debt is a factor for a good credit score but it’s not that simple. You can have too much debt which can end up costing thousands of dollars in interest that might've otherwise gone to that next house, car or boat you’ve been eyeing. And debt is actually a very small percentage of this score. You don’t have to carry debt to have a good rating. 

The only debt I have is a mortgage and I pay my credit card in full every month and my rating is still excellent, it can be done!

Better cognitive function is next upStudies show that experiencing poverty can impair attention span, working memory, and self-control. Have I ever mentioned that I once bought a pressure cooker on an infomercial before Instapot was even a thing?

Yeah, I couldn’t afford it and who knows why I thought I needed one. Now I have the pleasure of a kitchen appliance that weighs a ton that I use once a month when I decide to make rice. 

Fortunately, studies also show that paying off debt reverses cognitive issues caused by financial stress.  

Less chronic pain is another real benefit to getting rid of debt. People with high levels of stress caused from debt are more likely to experience migraines, back pain and general muscle tension. They are also more likely to buy over-the-counter painkillers.

Money Crashers lists 13 reasons other you should want to get rid of debt. 

The general consensus is that debt is bad, we all know that. If you can related to the physical, emotional and financial stresses listed above, you should seriously consider taking the next step to begin paying down debt. 

Reach out to Money Gal Coaching

If you need help getting out of debt, contact Kelly Blodgett of Money Gal Coaching. Reach out to her via the Money Gal Coaching website or Facebook page.

Sponsored: Money Gal Coaching special offer for friends of Bring Me The News.

Disclaimer: Bring Me The News will receive a portion of the proceeds from readers who purchase a service from Money Gal Coaching via our articles. 

Next Up

image

St. Paul's upcoming Spring Break restaurant will celebrate the 1980s

The restaurant is one of two new concepts bring brought to downtown St. Paul by local Chef Brian Ingram.

Screen Shot 2022-09-27 at 11.19.05 AM

Man found shot dead on south Minneapolis sidewalk

The victim was found dead on a sidewalk in the Bryant neighborhood.

image

49th suspect charged in Feeding Our Future fraud investigation

The suspect had booked a flight to Istanbul before being arrested.

McKinleyWilkensMelendezMugsOCJ

Nearly 60 lbs of drugs seized in Rochester, 3 charged

The drugs consisted of cocaine, methamphetamine, fentanyl and marijuana.

Minneapolis skyline

Climate change in Minnesota is clearly seen at night

A lot of warm days and far fewer chilly nights.

Hennepin County Medical Center, HCMC

Driver, 83, killed in collision with semi-truck in Northfield

The Northfield man died at Hennepin County Medical Center.

Taco Bell

Impatient driver who fatally struck woman outside Taco Bell sentenced

Tammy Renae Olson was sentenced to four years in prison.

bmw-g1a1c50760_1280

Police: Teens 'careen recklessly' in stolen BMW, Mercedes in north metro

They ended up crashing the stolen vehicles, with two arrested and two others on the run.

fire truck

Fire table sparks blaze at Edina home

The fire remains under investigation, but fire officials believe it was accidental.

money hundred dollar bills

Charges: California woman embezzled over $1M from MN employer

Mai Xiong faces several federal charges in the case.

Hsa Law Yaw Say

Shot woman who sparked appeal found injured at Twin Cities hotel

Authorities began searching for Hsa Say early Monday morning.

Related

Screen Shot 2021-02-02 at 10.45.39 AM

Money Gal Coaching: Free tools for you to start a debt-free journey

Kelly Blodgett started Money Gal Coaching after paying down nearly $50K in debt in 18 months.

spending, personal finance, money

Money Gal Coaching: How to be smart about spending for personal growth

Kelly Blodgett used her passion behind becoming debt free to launch Money Gal Coaching.

Family Dollar

Money Gal Coaching: 12 things you are wasting your money on

Kelly Blodgett started Money Gal Coaching after paying down nearly $50K in debt in 18 months.

BMTN 900x450 (3)

Money Gal Coaching: 6 reasons you are still in debt

Kelly Blodgett started Money Gal Coaching after paying down nearly $50K in debt in 18 months.

BMTN 900x450 (32)

Money Gal Coaching: Start here if you're feeling overwhelmed with your finances

Kelly started Money Gal Coaching after paying down nearly $50,000 in debt in just 20 months.

credit card, payment

Money Gal Coaching: Bouncing back after living your best life

Kelly Blodgett started Money Gal Coaching after paying down nearly $50K in debt in 18 months.

BMTN 900x450 (44)

Money Gal Coaching: My why, and how a budget changed my life

Kelly started Money Gal Coaching after paying down more than $46,000 in debt in just 20 months.

Screen Shot 2020-12-04 at 11.00.30 AM

Money Gal Coaching: Habits of a millionaire, just in time for the holidays?

Kelly Blodgett started Money Gal Coaching after paying down nearly $50K in debt in 18 months.