‘Jill on Money’ Host Jill Schlesinger Says the Key To Paying Off Debt Is Starting Small
Jill Schlesinger is a certified financial planner and host of the “Jill on Money” podcast. She is also the author of “The Dumb Things Smart People Do With Their Money” and is a business analyst for CBS News. Schlesinger appears on CBS radio and television stations nationwide covering the economy, markets, investing and other financial topics.
Recognized by GOBankingRates as one of Money’s Most Influential, here she shares the importance of saving, why you should be using a budgeting app and the biggest mistake people make when paying off debt.
What advice would you give your younger self about money/budgeting?
Not much — I was fastidious about money from a young age.
What is the best thing you did to improve your own financial wellness?
I started to save early — and kept saving, whether I was making a small amount of money or a lot.
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What are some tools people can use to make sure they are allocating their money smartly?
Use one of the many apps to keep you honest with yourself… but be careful not to be a slave to the process. You are entitled to have fun too!
What is the biggest mistake people make when it comes to budgeting and debt management?
Starting too big. Most of us don’t get into debt overnight, so you are going to have to create a process whereby you can take small steps to achieve big goals.
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Jaime Catmull contributed to the reporting for this article.