I Cut Childcare Costs To Pay Off Half a Million Dollars of Debt | Real Moms Real Money | Parents

Growing up, Shannon Cairns believed that if she became a doctor, she would never have to worry about money. 11 years later, she found herself facing $400,000 worth of student loans with no plan to pay it off. On top of her student loans, Cairns and her husband decided to open their own private podiatry practice, totaling their debt to $625,000. It wasn’t until the birth of her third child that Cairns finally addressed the mounting debt. By putting all three children in childcare, Cairns was spending nearly $3,000 a month. So in January 2019, she and her husband came up with a plan to reduce their childcare expenses, and from there created a budget that would allow them to pay off significant debt. Now with nearly half a million dollars of debt paid off, Cairns shares her strategies for reducing childcare costs in her journey towards financial freedom. 

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