Credit card debt, debt consolidation, and even homeownership can become financial traps if you’re not careful. In this episode, Lauren and Nick unpack real-life stories of money mistakes, why emotions often cloud financial decisions, and what it really takes to break free from the debt cycle.0:00 – Intro: Why credit cards cause so much controversy0:57 – The reality of credit card debt in America2:15 – How innocent spending snowballs into years of debt3:36 – Listener story: $75,000 in credit card debt at 186:53 – Why lifestyle changes are key to paying off debt8:43 – The problem with shortcuts like consolidation or 401(k) withdrawals10:25 – Common debt mistakes: carrying balances, cosigning, and bad car loans22:04 – When homeownership turns into a nightmare29:47 – Lessons learned: financial decisions are emotional, not logical–––––––Sign up for 1:1 Financial Coaching here:https://justanothermoneypodcast.com/coachingWant to have your money questions answered on our show? Submit your questions below: https://justanothermoneypodcast.com/submit-a-questionReach us directly on Instagram @moneycoachlauren or @habitfinances

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