Financial consultant Alli Williams was just 29 when she took on $154,000 of her husband's debt when they got hitched.<br />Since then, they've paid off $50,000 of the debt, including an auto loan, some student loans, and a credit card.<br />Not only that, but they also paid for a wedding, college tuition, and have saved for a baby and a house.<br />According to Business Insider, Williams believes in prioritizing expenses, such as bonding activities and savings goals, but not in harsh deprivation.<br />On a practical level, every paycheck is divvied up between bills, savings, and debt repayment.<br />As for windfalls such as gifts, bonuses, or tax refunds, Williams sets allocation percentages without knowing the amount.<br />For example, 50% will usually go toward debt, another 20% towards savings, and so on. When the money hits the bank account, she doesn't have to dither!
