With some of our spendiest months of the year approaching, we thought we’d try something different in October to get you prepared. We created an easy-to-follow savings challenge for the next five weeks that you can follow along with. We have created a hashtag, #SheSpendsSavingChallenge that you can use on any social media you like to track your progress and connect with other readers who are working through the challenge. We will also be checking in with you in our Facebook group each week.
For week one of our series on debt, we’re just going to talk about the basics. To start, what exactly is debt? Debt is a promise you make as a consumer to pay a person or a corporation back. In turn, they lend you money.