In this episode, Deanna discusses the keys to financial freedom with Germaine Foley, a financial expert who transformed her life by overcoming $200K in debt. They dive into the power of mindset, the flaws of traditional budgeting, and Germaine’s 'Do Both Method' for building wealth without sacrifice. Tune in to learn practical strategies, including her Three-Bucket Money Management System, to take control of your finances while still enjoying life.

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In this episode of the Wannabe Clutter Free podcast, the host, Deanna Yates, interviews financial expert Germaine Foley, who shares her inspiring journey from $200K in debt to financial freedom. Germaine reveals why traditional budgeting often fails, especially for high earners, and introduces her 'Do Both Method'—a practical approach to managing money without sacrificing joy. She also dives into the psychology behind emotional spending, how to break free from debt cycles, and the importance of mindset in achieving lasting financial success.

Germaine also walks us through her Three-Bucket Money Management System, a simple yet effective strategy for balancing spending, saving, and investing. Whether you’re struggling with credit card debt, looking for smarter ways to manage your finances, or simply want to feel more in control of your money, this episode is packed with actionable insights. Tune in to discover how you can shift your financial habits, build lasting wealth, and enjoy the freedom you deserve!

This episode of the Wannabe Clutter Free podcast will help you discover:

The biggest mistakes people make when trying to budget
How to manage money without feeling restricted
The Three-Bucket Money Management System for financial balance
How to shift your mindset to break free from debt cycles
Practical strategies to build wealth while still enjoying life

Time Stamps:

00:00 Welcome and Introduction

01:39 Meet Jermaine Foley: Life and Money Coach

02:15 Jermaine's Financial Journey

07:05 The Do Both Method: Building Wealth and Enjoying Life

14:12 Overcoming Emotional Spending

18:36 Breaking the Cycle of Credit Card Debt

21:18 Awareness and Commitment to Debt-Free Living

21:55 Using Credit Cards Wisely

24:34 Three Bucket Money Management System

27:58 Mindset Shifts for Financial Freedom

29:51 Practical Advice for Managing Money

32:59 Rapid Fire Questions

38:01 Final Thoughts and Resources

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Music: Fresh Lift by Shane Ivers - https://www.silvermansound.com

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Are you subscribed to the Wannabe Clutter Free podcast? If you’re not, I want to encourage you to do that today. I don’t want you to miss an episode. I’m adding a bunch of bonus episodes to the mix and if you’re not subscribed there’s a good chance you’ll miss out on those.

And if you enjoyed today’s episode, it would make my day if you left me a rating and review. You can leave a review on Apple Podcasts, a comment on Spotify Podcasts or Goodpods, or connect on guest video interviews on YouTube. Your review helps other people find my podcast and they’re also fun for me to read. Let me know what your favorite part of the podcast is. Thank you!

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We’d love to hear how you’re applying the strategies discussed in this episode. Share your stories and tips with us on social media (@wannabeclutterfree). Don’t forget to subscribe for more insightful episodes designed to make your busy life a bit easier.

Declutter Your Finances: Breaking Free from the Debt Cycle Without Budgeting Burnout with Germaine Foley (Ep 243) 45:27 Share

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Shownotes Transcript

Declutter Your Finances: Breaking Free from the Debt Cycle Without Budgeting Burnout with Germaine Foley (Ep 243)