{"id":206647,"date":"2025-06-23T03:04:15","date_gmt":"2025-06-23T03:04:15","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/206647\/"},"modified":"2025-06-23T03:04:15","modified_gmt":"2025-06-23T03:04:15","slug":"savvy-woman-uses-1-rule-to-get-herself-out-of-120000-debt","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/206647\/","title":{"rendered":"Savvy woman uses \u00a31 rule to get herself out of \u00a3120,000 debt"},"content":{"rendered":"

Harriet has shared her simple ‘\u00a31 rule’ which helped her to get out of \u00a3120,000 debt and become mortgage-free \u2013 and she’s on a mission to help others in the same situation\"WorryingWorrying about money can be a nightmare, but a few tricks could help you improve your finances (stock image)(Image: blackCAT via Getty Images)<\/p>\n

Struggling with debt<\/a> can seem like an inescapable trap, but there are numerous strategies to enhance your financial health. One woman has demonstrated that a turnaround is indeed feasible. The savvy woman, named Harriet, revealed how she dug herself out of \u00a3120,000 of debt by adhering to a simple \u00a31 rule.<\/p>\n

This approach enabled her to pay off her mortgage while earning a modest income, so it is achievable for others too. With that being said, Harriet is committed to guiding others who find themselves in similar situations.<\/p>\n

Via her TikTok<\/a> account @thefreedomfinancecoach<\/a>, Harriet shared: “No one teaches you this when you’re broke, but I will. If you’re barely making it through the month and your debt seems like it’s swallowing you whole, then this is for you.”<\/p>\n

Harriet elaborated: “Here’s how to budget when your income is low – every pound matters.” Hence, she employs the \u00a31 rule to ensure every penny spent is purposeful.<\/p>\n

She said: “Use a zero based budget. Give every single pound a job. Even if you’ve only got \u00a3800 to \u00a31,000 a month, you need to assign every pound a job.”<\/p>\n

According to Harriet, “prioritising survival” should be at the top of your list \u2013 covering essentials such as food, housing, and electricity.<\/p>\n

Then, to eradicate debt, she insists on cutting back mercilessly. She added: “That means no Netflix<\/a>, no takeaways, no unnecessary subscriptions… You’re in survival mode now.”<\/p>\n

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Harriet has outlined that luxuries should only be on the shopping list once you’re free from debt, suggesting that’s the time for treats.<\/p>\n

She’s given up purchasing clothes she hopes to slim into, as well as unnecessary phone data, impulse buys from Amazon, seasonal home decor, and other indulgences.<\/p>\n

Harriet added: “Once I ditched them, the savings stacked up fast. Being debt-free is not about being cheap, it’s about being intentional.”<\/p>\n

The economical TikToker emphasised the importance of tracking your finances closely, noting that understanding what comes in and out of your account is crucial for financial control.<\/p>\n

She remarked: “Awareness is power because most people are bleeding money that they don’t even see.”<\/p>\n

Harriet also recommends setting aside a modest emergency fund \u2013 “even if it’s \u00a3100” \u2013 explaining that without this safety net, any unexpected expense could derail your budget.<\/p>\n

She added: “Because without it any emergency or just a flat tire can wipe out your entire budget. And listen, it’s not easy but it’s possible because I did it.”<\/p>\n

Her insights have resonated with many, prompting users to express their appreciation in the comments section. One user praised: “This is such great advice. It’s the only way to change your situation. It’s really hard but possible.”<\/p>\n

Another shared their personal journey: “I’m doing this and I’m still barely making it. But, I’m nearly all out of it. Six months left and I’m fully debit clear.”<\/p>\n

And a third thanked her for her candour, gushing: “Thank you for sharing and being honest about a subject most are embarrassed to acknowledge.”<\/p>\n