Dawn Jensen needed a little help.
A little relief a breather.
A newly divorced single mom in her 40s, she was starting her life all over again.
In just over a year, from August 2017 to November 2018, Jensen slashed her credit card debt from $30,000 to $24,000 by using Tally. Tina Russell/The Penny Hoarder
She was working hard to keep a roof over her head, but financial struggles kept dragging her down.
Specifically, she couldnt even put a dent in her $30,000 worth of credit card bills.
For me, it was a lot of anxiety.
It simply was suffocating.
Thats when she decided to try something different.
She wasnt sure what to expect, but its helped her a lot.
7 Ways to Make Money if You Hate People
Do you avoid people too?
Enough small talk.Here are some waysto earn extra cash, without all of the social stuff.
Juggling Credit Card Balances
Like many of us, Jensen has more than one credit card.
High interest rates and occasional late fees can make it feel like youll never get those bills under control.
That was Jensens problem.
Each month, she found it difficult to pay more than the minimum payment.
Tally also offers an optional Tally Advisor, an automated debt manager.
It looks at your income and spending and offers you advice on how to pay down your debts faster.
Jensen uses that lower interest rate to make managing payments easier.
Jensen is using her credit line to cut down her debts faster than she could by herself.
When I started seeing it in action, I was pleasantly surprised, she says.
Shes got a ways to go to get debt-free.
But its better than being stuck at $30,000 forever.
Tally Helps Keep Her on Track
Divorce is rough, and her finances are complicated.
Im in grad school, and Ive got a daughter in college, Jensen says.
Shes still at home, and she works full-time and goes to school full-time.
Im going to school part-time; working full-time.
Its just a lot to manage.
Her daughter, a freshman in college, is working toward a business degree.
Jensen is taking executive MBA courses.
Tally helps keep her on track.
Theres a peace of mind I didnt have before, she says.
Its given me confidence that I can do this on my own.
Im OK to do it on my own, she says, her voice breaking with emotion.
And my daughter will be OK.
Accurate as of July 2018.
Mike Brassfield ([email protected]) is a senior writer at The Penny Hoarder.
Hes very familiar with credit card debt.
No Interest Til Almost 2027?
Balance Transfer = Credit Card Cheat Code