Show 105 - Frugal Life to Debt Freedom with Justin Brown-Woods
In this episode, I discuss using frugality to get out of debt with Justin Brown-Woods
12/17/20251 min read
In this episode, I get to chat with Justin Brown-Woods from the Price of Avocado Toast about their journey from 220K in debt to paying off 132K in debt (and counting!) using frugality. This episode not only shows it is possible to pay off debt on limited teacher salaries, but it gives you a frame work for doing the same. You won’t want to miss this great interview!
Show Notes
The Price of Avocado Toast on IG and TikTok
Recommended Books (Amazon Affiliate Links)
Your Money or Your Life by Joe Dominguez and Vicki Robin
Key Ideas
Frugality is about values and contentment, not being cheap
Cut the unimportant to accelerate debt payoff
Renting instead of owning is less stressful when paying ff debt
Budgeting and tracking are essential for teachers with capped incomes
Accountability and consistent money conversations drive progress
Teachers must prioritize their own financial security before spending on their classrooms
Bonus Tip
Here is a bonus tip I didn't get to in the episode.
Frugality won’t help debt payoff unless you have a plan to pay off the debt. Justin told me they have the money to pay off a student loan, but have competing priorities so they are weighing the best option. Choose the best pay for you in your journey by learning all you can!