When you’re struggling with an issue, it sometimes helps to know you aren’t the first to experience the pain. These debt experts you need to follow speak from their personal experiences with budgeting, eradicating debt and managing personal finances.
Let’s meet them!
Blogging as “The Budgetnista”, Aliche is also the author of the book, The One Week Budget. She grew up in a home where finances were openly and regularly discussed. It was just a part of life. In addition to debt, Aliche offers advice on budgeting, savings and credit. As the resident financial expert for City National Bank, Aliche wrote and taught a financial education curriculum in each of the markets in which City’s branches are located. Her financial advice has also been featured in The New York Times, US News and World Report, Time, Essence, and Forbes.
Founder of TheCollegeInvestor.com, Farrington is considered America’s Millennial money and student loan debt expert. While studying for his MBA, Farrington learned many of his classmates were unaware of the basics of personal finance and investing. After helping them, he started TheCollegeInvestor.com to help others too. Through his years of providing assistance, Farrington came to the conclusion developing multiple income streams—investing and side hustling—is key to building real wealth. Rather than considering himself some sort of investing “guru”, Farrington admits his ideas are not new and his techniques aren’t secret. But they do work.
Co-founder and co-CEO of Freedom Debt Relief – which has settled over $8 billion in debt for its customers over the years – Housser has had a seat on the executive board of the American Fair Credit Council since 2006. He earned his MBA at Stanford Business School, where he was also an Arjay Miller Scholar. Frequently called upon as a financial expert by print, broadcast and online news media, Housser has been quoted by The New York Times, Christian Science Monitor, CNBC, BankRate and AOL Money & Finance. As part of his effort to help educate American consumers on credit, debt and personal finance management, Andrew Housser also guest posts on a wide variety of finance blogs.
Greg and Holly Johnson
After struggling with debt and money-related stress, the Johnsons started ClubThrifty.com. The couple had routinely spent more than they earned—never knowing where their money went and wishing for a different life every day. After discovering zero-sum budgeting, they learned to cut waste, spend less, and use the money they earned wisely. In the process, the Johnsons paid off $50,000 in car loans, student loans, and consumer debt. With ClubThrifty, they offer advice on topics such as the debt snowball and avalanche strategies, as well as tracking spending and budgeting under a variety of circumstances. These include situations such as when you’ve fallen behind on bills, or your income is irregular.
At DearDebt.com, Lockert and a solid roster of guest posters write from firsthand experiences dealing with debt. She started blogging in January of 2013 to keep herself accountable while she cleared up $81,000 in student loan debt. After making minimum payments on her loans for five years, Lockert paid off the remaining $68,000 in four and a half years. Talking about her struggles, building community and studying to come to terms with her financial situation turned her into a debt expert. At DearDebt, she provides education and inspiration for others who are struggling to pay off student loans.
In addition to providing uplifting stories to build your confidence, each of these debt experts you need to follow offer practical, first-hand advice for eradicating your debts. And yes, it really is good to know you’re not alone.