Carrie Smith, the woman behind Carefulcents.com, has been a small business accountant and personal finance expert for the last decade. In her blog she shares her own struggles with debt and her journey to getting debt free in order to help her readers get their financial lives back on track too. Recently she sat down with us to talk about it.
Why did you start carefulcents.com?
My tax clients were all asking the same questions and looking for the same type of help. I knew I could reach a lot more people if I started blogging and built a community. That's why Careful Cents was born - to create a community of people who are trying to get out of debt.
What do you like about being a financial blogger?
When I was on my way to becoming debt free, I hit some pretty tough months where I wanted to quit and give up. But thanks to reader support in the form of motivational emails, Tweets and Facebook messages, I pushed through and I am now completely out of debt!
Do you have a favorite tool when it comes to getting out debt?
My favorite get-out-of-debt tool is the ReadyForZero debt calculator. This is what kept me motivated and on track throughout the entire process. It helps you to visualize your goals and keep track of your progress. You have a much higher success rate if you do this.
On carefulcents.com you talk about money, debt, careers, and travel. Which is your favorite topic?
I love writing about all of them. But I guess my absolute favorite would have to be careers. I'm passionate about helping young adults find a career where they are excited to wake up every morning and go to work.
What cards are in your wallet and which ones do you like to use?
Right now my main card is my PerkStreet debit card, which I use for all my household and entertainment spending. I earn cash back on all my purchases while not having to worry about paying my credit card bill off each month. My second card is my Chase Freedom credit card which I use for all my freelance and business purchases. This strategy keeps my personal and business expenses separate.
Name five business expenses that you pay with credit cards and why?
- Newsletter subscriptions
- Virtual assistant and outsourcing help
- Website hosting
- Premium apps
- Travel and networking expenses
I pay my business expenses with my credit card because it's easier to keep track of them when it's time to file my taxes. It makes it much easier to calculate the deductions. And a good payment history helps me keep a good credit score.