I could hear the nervousness in your voice, Mrs. B...as you begin your debt-free plan, you will gain confidence and strengthen your resolve bit by bit. You're NOT ALONE... just know there are lots of folks in your shoes and worse! I've subscribed to your channel today and I'll cheer you on "from across the pond"! Best wishes...you're honest and brave and we applaud you!!
Yes, I was very nervous. It's hard, but somehow, it's easier to talk about with strangers than to people I know. And yes, I remind myself that there are people who are far worse off than we and to be grateful for the small things. 💜
I am a widow that started with $71,700 debt in 2021. Between credit cards, car loan, student loans for my daughter, her wedding and medical bills.. the hardest part was sitting down and writing it down and seeing that number. After a good long cry and a drink, I figured out a plan and I am down to $48,000. While that number is still high, I have no credit card debt left, just student loans and 401k loan.. it is hard, I use cash for everything and when the cash is gone I don't buy. That has been the biggest help for me. Good luck, you can do it!
Wow you've done so well. I'm so grateful we don't have medical bills here. Do you have a set time period they have to be paid off by and do they incure interest. Thank you for the support it's inspiring to see others on the same journey 🧡
@Mrs B's Budgets the medical bills are generally interest free, you have to call hospital and make arrangements. One of the biggest benefit of me going thru my situation is my daughter is 26 and her & her husband only have student loan debt. They paid off their credit cards and car loans and use cash for everything else. So the example you are setting currently, your kids will see and be inspired by you! Keep going, you got this!
Hiya, well done for being so open. Knowing exactly what is owed is a scary but great first step! Cash stuffing has really helped us hammer our debts. We’re a while off from paying them off, but knowing exactly where the money is going, and paying with cash rather than card has changed our mindset and cut back on how much we spend. It’s important to not get deterred when slip-ups happen, this isn’t a straight forward journey, but you will get there, and I will too! Looking forward to watching your videos and cheering you on! ❤
I started cash stuffing in August 2021 and it really helped me relearn how to manage my budget and stick to it. My sinking funds are all in my Starling account now but it really helped me get on track and start to make serious inroads into our debt. For the first time in my adult life, I have savings! 😂🙈
@Budgets4aRainyDay I have a starling account to and lots of spaces lol. I swapped to them about 5 years ago after being constantly overdrawn with santander and getting charge after charge. That account was the start of trying to adult my finances, it was the best decision iv made up until now clearing the debt. 🩵
A small trick that has been helping me clear out the credit card debt while making only the minimum payment is, Pay the bill as soon as get the statement instead of the due date which is like 25 days later. The reason is the credit cards use the "avg daily balance" to determine the interest for the next month's interest charges. So if you wait until the due date, you have that previous month's interest making the daily total higher. It will compound the previous month's interest making the minimum payment barely bring down the principal balance for the new statement. You will pay the same minimum payment that month on the bill, just paying it earlier will reduce the new month's interest. This will help defeat the compounding affect so only paying interest on the actual amount of debt incurred.
You randomly popped up on my yt. I'm ready for your next video! I Like that you're being open and honest. Let's be real, most of us that watch budgeting videos are in need of getting out of debt or learning to save money. I'm ready for your journey. Post soon. 😁😁
It must be so nerve wracking making a video for the world to see. You've done really well and I appreciate your honestly with your debts. I hope you keep posting videos. It helps more people than you know to watch these sort of videos. Also, I have that same budget book!
Have you watched any of David Ramsay’s videos? He has some great tips on how to get out debt. Your video was great. Organized and I enjoyed the video. Don’t beat yourself up for past mistakes. The only place you can go is up from here. Try not to accumulate more debt and maybe look for a second part time job. Even watching a kid in the evening. Every cent you earn from a second job goes towards debt. I subscribed!
I have watched a couple and there are definitely some great tips there thank you. I think a slightly modified debt snowball will be the way we go. Thank you for your support I was very nervous and also embarrassed 😳
Hey hun, you've completely got this! We've been in the same position. I was literally a chain smoker and I read Allan carrs quit smoking book. Honestly I smoked all the way though reading it and I really didn't think it would work but Honestly it was amazing. That was over 3 years ago now and I smoked for about 25 years!! Give it a go hun...and good luck on your journey xxx
Hi! Just found your channel. Don’t be nervous you’re not alone. You’ll gain more confidence as you make progress toward getting the debts paid off. It’s totally doable!!!!
Absolutely amazing video new subscriber here to watch your pay off journey and I’m so super glad that you took a look at this and realize that Debt needs to be paid off in the long run. He’ll be so happy and a lot less stressed when you have this completed looking forward to all your future videos. Thank you so much for sharing.
Hi I started 2024 with ,£7000 worth of debt now down to £5100 and hoping get £1300 off by end of the year. I use the same budget planner as you I love it as I write everything down last penny. I got rid all my cards apart my main account and use cash only now. Good luck with your journey.
I know it’s discouraging when you start, when you see it all written out, but every bill paid off is such a glorious feeling. Trust me, there’s going to be bumps along the way (for me it was a fall & a broken wrist), but you can do this.
I really commend you for having the strength to tackle the problems headon, unpleasant as it can be, to help restart your journey and pave the way for your family and yourself. Its an incredibly vulnerable thing to be upfront about, but it's something that so many struggle with. Wishing you and yours continual strength and luck, rooting for you!
Thank you hopefully someone will see our story and be able to relate and who knows when we're out of debt it may help them see there is light at the end of the tunnel ✨️
good luck...looking forward to your debt journey....nice amount of time for the video as well, the budgeting mum has a video on how to budget when you dont earn enough.....also dave ramsays is a great place to begin
New subscriber! I was in your position. I tackled my long-time largest debt. I'm now at the end of the journey with one credit card. Snowball method is my friend. :). Good luck
Thank you, we have a plan now I'm hoping to get another vlog out soon to explain. Happy to hear your at the end of your journey it will be a weight off your shoulders once its gone congratulations. 💜
It’s doable if you create a realistic budget and stick to it. We’ve cleared almost £25k in the last 3.5 years and have a 4 figure debt for the first time in years which finally feels manageable. I’ve spent my entire adult life in debt so knowing it’s getting closer to being cleared feels good!
Just wanted to add that our debt payoff journey really accelerated once I started saving for my sinking funds. Before, I was trying to throw every penny at the credit cards and was leaving myself with nothing for things like car repairs, home stuff, etc. which meant I was then falling back on the credit cards when we needed anything. Now, I have a sinking fund for all of those known expenses, xmas, birthdays, home stuff, car stuff etc. which I add to monthly. This means that I pay less off the credit cards BUT because I don’t use them any more, the money is actually coming off the balances instead of just bobbing up and down every month. Saving for something also gives me time to think about whether I really need it! I’ve become more discerning with my purchases which is saving me a fortune!
Great honest video. I have been in your position and got out of it slowly but surely. Looking forward to seeing your journey. Cash stuffing method really works and makes you consider every purchase! 😊
You’ve done the hardest part. It’s totally doable. It will take time but you can do it. I will definitely be following and supporting your Channel. Do you have any other way of earning. I.e. sell on eBay, market place etc. I managed to declutter and save quite a bit doing this. Every little helps. Good luck and I look forward to your next video. ❤
@@kerrywelch4584 probably not at first there is very little disposable income to left after our bills once a few debts are cleared then its likely something il consider 💜
Two simple rules on dealing with it. Don’t add to it. Find the cheapest way to pay it back, it’s the interest payments that slow down repayment dramatically as it eats into the money you throw at the problem. Try not to let it get you down, half the population is living beyond their means, be positive that you’ve decided to make the change.
@@mrsbsbudgets I don't know if you've had advice on how best to clear the debts but you should always seek help if you're unsure. Citizens Advice can be good. My focus is on the credit cards, as the interest rate was not stated, I did a sample calculation and the £15k balance with a monthly payment of £400 would clear in around 5 years if the APR was 21.9%. That's an extra £9k in interest payments. So finding options to reduce interest, maybe with 0% balance transfers or consolidation loans is worth looking at. Although I know how to deal with such debts I can't offer you personal financial advice, but don't have any hang ups about seeking it yourself, it's no ones place to judge.
Patches and lotsss chewing gum may help with stopping smoking. Alternatively, a lot of cash stuffers vape instead. Looking forward to seeing your progress! Remember it's progress not perfection ❤ if you slip it's OK to keep trying xx
Sell things and budget.... This is the worst step...knowing your debt. Now you need to figure out your minimums for the payments and plan for payoff. I would at least start with Dave Ramsey to work through your budget and cash envelopes to figure out what you 'need' per month. Once you get a solid framework for the budget and debt...tweak it then.
Thank you for the advice, selling things is actually on the agenda. I will definitely watch a few more of Ramseys programmes they've been highly recommended 💜
Dave Ramsey is wrong about cars. They are how people get to work, school, store. It costs more not to have one in a lot of ways and you either have a working car at the end of the low or something of value to trade it. Treat car payment like the gas bill. Pay off the HSBC loan. Then you will have two categories off the list. One thing he is great on is having people start putting regular amounts of cash aside for emergency. You don’t want to be pay off HSBC only to have a balance again in 2 months. Also when doing budgeting sometimes plans go off a bit. Some bills in US anyway are not monthly. The trash is every 3-4 months, the car insurance 6, or something throws off your paycheck and the day a bill is due, some odd school expense. Some are paid every other week and some twice a a month. You will want something you can pull cash from. Never do payday type loans or prioritize getting rid of them first. Money should be in the future not the past. It is difficult to be paying on stuff you can’t even remember what they were. I think getting rid of the store debts first is great because of that. You are paying interest most likely so the great deal on the clothes really isn’t after interest. And you can forgive yourself for charging clothing that no longer fits or interests the person you bought it for in 9/10 cases. The generic credit card maybe there is something long lasting on there you at least can say the fridge was bough with it or I used it to get new brakes. Are there certain times a year you splurge? Put £20 a week into an envelope will have $1000 for Xmas if done all year. It’s food and presents and petrol. Not just gifts. The other things cost more than the gifts often enough. If you throw out food at holiday make one less side or dessert this year. Since you have kids in and out of house resist the urge to make everything even. I know some buy junk so that all the kids have the same number of gifts. So it looks enough. If you have to spend x to make even instead of buying chapstick and some other fillers just gift cash or a gift card to the two kids £20 short. Rethink who needs a gift. Especially if they have to give you a gift as well because of it and they are hurting financially. If great aunt has no kids keep it going. But maybe you don’t have to exchange if they already have other people closer to them, it may help them out as well. Or do a smaller gesture. Make sure if can get money to help with utility bills you get it. I was reading that many who qualified for cash to pay for energy didn’t apply. Some are shocked they don’t meet the income level and many shocked they do meet the income level for those kind of schemes. If I lived in England or that area I’d be watching more Martin Lewis. Dave Ramsey wants everyone to donate 10%. It’s a Christian concept and there is some weird voodoo type math where it actually makes sense. However starting out with that much debt I would be more modest. There is not set number where if people have x in the account they are rich or comfortable. Everyone would have a different number and it would be changing all the time anyway. But the month where some money is given away, some is saved and bills are paid with no debt, that is what makes a person feel great. Doesn’t always have to be cash. At one point in life I decided food was getting expensive, last time it happened not this time and would add a few extra items to my shopping cart cause I had access to a food pantry drop off collection.
Thank you for this and your right a car is essential. We live in a small village with very limited public transport, neither of us could get to work with out the car. The store cards, clothes etc are the first priority the credit cards are going to be a long term problem. 💜
I could hear the nervousness in your voice, Mrs. B...as you begin your debt-free plan, you will gain confidence and strengthen your resolve bit by bit. You're NOT ALONE... just know there are lots of folks in your shoes and worse! I've subscribed to your channel today and I'll cheer you on "from across the pond"! Best wishes...you're honest and brave and we applaud you!!
Yes, I was very nervous. It's hard, but somehow, it's easier to talk about with strangers than to people I know. And yes, I remind myself that there are people who are far worse off than we and to be grateful for the small things. 💜
I am a widow that started with $71,700 debt in 2021. Between credit cards, car loan, student loans for my daughter, her wedding and medical bills.. the hardest part was sitting down and writing it down and seeing that number. After a good long cry and a drink, I figured out a plan and I am down to $48,000. While that number is still high, I have no credit card debt left, just student loans and 401k loan.. it is hard, I use cash for everything and when the cash is gone I don't buy. That has been the biggest help for me. Good luck, you can do it!
Wow you've done so well. I'm so grateful we don't have medical bills here. Do you have a set time period they have to be paid off by and do they incure interest. Thank you for the support it's inspiring to see others on the same journey 🧡
@Mrs B's Budgets the medical bills are generally interest free, you have to call hospital and make arrangements. One of the biggest benefit of me going thru my situation is my daughter is 26 and her & her husband only have student loan debt. They paid off their credit cards and car loans and use cash for everything else. So the example you are setting currently, your kids will see and be inspired by you! Keep going, you got this!
The first step is often the hardest. Wish you strengh and patience for your journey!
Thank you. We've got a long road ahead of us but I'm determined we'll be debt free.
Hiya, well done for being so open. Knowing exactly what is owed is a scary but great first step!
Cash stuffing has really helped us hammer our debts. We’re a while off from paying them off, but knowing exactly where the money is going, and paying with cash rather than card has changed our mindset and cut back on how much we spend. It’s important to not get deterred when slip-ups happen, this isn’t a straight forward journey, but you will get there, and I will too!
Looking forward to watching your videos and cheering you on! ❤
Thank you so much for the support il follow your journey too. 😊 💜
I started cash stuffing in August 2021 and it really helped me relearn how to manage my budget and stick to it. My sinking funds are all in my Starling account now but it really helped me get on track and start to make serious inroads into our debt. For the first time in my adult life, I have savings! 😂🙈
@Budgets4aRainyDay I have a starling account to and lots of spaces lol. I swapped to them about 5 years ago after being constantly overdrawn with santander and getting charge after charge. That account was the start of trying to adult my finances, it was the best decision iv made up until now clearing the debt. 🩵
There’s are lots of us out there just like you! You are not alone. We are cheering you on as we all work to clear up our own messes. ❤
A small trick that has been helping me clear out the credit card debt while making only the minimum payment is, Pay the bill as soon as get the statement instead of the due date which is like 25 days later. The reason is the credit cards use the "avg daily balance" to determine the interest for the next month's interest charges. So if you wait until the due date, you have that previous month's interest making the daily total higher. It will compound the previous month's interest making the minimum payment barely bring down the principal balance for the new statement. You will pay the same minimum payment that month on the bill, just paying it earlier will reduce the new month's interest. This will help defeat the compounding affect so only paying interest on the actual amount of debt incurred.
Thank you for this I hadn't actually thought about the say we pay it but it makes complete sense. 💚
You randomly popped up on my yt. I'm ready for your next video! I Like that you're being open and honest. Let's be real, most of us that watch budgeting videos are in need of getting out of debt or learning to save money.
I'm ready for your journey. Post soon. 😁😁
Thank you I think watching others budgeting made me realise it was time to take control of my own. 🤞
great start, the journey begins with one step, you have made your first step
It must be so nerve wracking making a video for the world to see. You've done really well and I appreciate your honestly with your debts. I hope you keep posting videos. It helps more people than you know to watch these sort of videos. Also, I have that same budget book!
Have you watched any of David Ramsay’s videos? He has some great tips on how to get out debt.
Your video was great. Organized and I enjoyed the video.
Don’t beat yourself up for past mistakes. The only place you can go is up from here. Try not to accumulate more debt and maybe look for a second part time job. Even watching a kid in the evening. Every cent you earn from a second job goes towards debt.
I subscribed!
I have watched a couple and there are definitely some great tips there thank you. I think a slightly modified debt snowball will be the way we go. Thank you for your support I was very nervous and also embarrassed 😳
Thank you for being brave enough to share x
Looking forward to following your journey - you’re gonna do great 🍀☺️x
Thank you I was equally embarrassed and nervous but I know this will help me stay on track 🧡
Hey hun, you've completely got this! We've been in the same position. I was literally a chain smoker and I read Allan carrs quit smoking book. Honestly I smoked all the way though reading it and I really didn't think it would work but Honestly it was amazing. That was over 3 years ago now and I smoked for about 25 years!! Give it a go hun...and good luck on your journey xxx
Thank you. Iv heard of Allan cards book before but never seriously considered it. I might just have to give it a try. 💜
Hi! Just found your channel. Don’t be nervous you’re not alone. You’ll gain more confidence as you make progress toward getting the debts paid off. It’s totally doable!!!!
Absolutely amazing video new subscriber here to watch your pay off journey and I’m so super glad that you took a look at this and realize that Debt needs to be paid off in the long run. He’ll be so happy and a lot less stressed when you have this completed looking forward to all your future videos. Thank you so much for sharing.
Hi I started 2024 with ,£7000 worth of debt now down to £5100 and hoping get £1300 off by end of the year. I use the same budget planner as you I love it as I write everything down last penny. I got rid all my cards apart my main account and use cash only now. Good luck with your journey.
I know it’s discouraging when you start, when you see it all written out, but every bill paid off is such a glorious feeling. Trust me, there’s going to be bumps along the way (for me it was a fall & a broken wrist), but you can do this.
I love videos like this. Looking forward to watch your journey.
Thank you. I'm still finding it a little embarrassing making the vlogs but it will help me stay on track 💙
I really commend you for having the strength to tackle the problems headon, unpleasant as it can be, to help restart your journey and pave the way for your family and yourself. Its an incredibly vulnerable thing to be upfront about, but it's something that so many struggle with. Wishing you and yours continual strength and luck, rooting for you!
Thank you hopefully someone will see our story and be able to relate and who knows when we're out of debt it may help them see there is light at the end of the tunnel ✨️
good luck...looking forward to your debt journey....nice amount of time for the video as well, the budgeting mum has a video on how to budget when you dont earn enough.....also dave ramsays is a great place to begin
Thank you il check out the budgeting mum, iv had a look at dave ramsay but il watch some more. Thank you for your support 💜
Awesome video 😊
Great job. Be encouraged that you're on the right path. It'll be useful to know what your monthly income is though
Sorry I must have missed that bit. Mr bs income is around £2300 and mine is always £1036 from my first job and varies widely from my second.
New subscriber! I was in your position. I tackled my long-time largest debt. I'm now at the end of the journey with one credit card. Snowball method is my friend. :). Good luck
Thank you, we have a plan now I'm hoping to get another vlog out soon to explain. Happy to hear your at the end of your journey it will be a weight off your shoulders once its gone congratulations. 💜
It’s doable if you create a realistic budget and stick to it. We’ve cleared almost £25k in the last 3.5 years and have a 4 figure debt for the first time in years which finally feels manageable. I’ve spent my entire adult life in debt so knowing it’s getting closer to being cleared feels good!
Just wanted to add that our debt payoff journey really accelerated once I started saving for my sinking funds. Before, I was trying to throw every penny at the credit cards and was leaving myself with nothing for things like car repairs, home stuff, etc. which meant I was then falling back on the credit cards when we needed anything. Now, I have a sinking fund for all of those known expenses, xmas, birthdays, home stuff, car stuff etc. which I add to monthly. This means that I pay less off the credit cards BUT because I don’t use them any more, the money is actually coming off the balances instead of just bobbing up and down every month. Saving for something also gives me time to think about whether I really need it! I’ve become more discerning with my purchases which is saving me a fortune!
Well done, I can't wait to get that feeling. It's looking like it will take 4 or 5 years to clear, but I'll be doing everything I can to reduce that.
Subscribed and I’ll follow your journey 😊 wishing you much success from across the pond
Thank you for your support it means a lot ❤️
Great first video! You can totally do this! Sending you strength to get through the hard days, and cheering with you as you pay down that debt.
Thank you for your support il need all the strength I can get 🧡
Great honest video. I have been in your position and got out of it slowly but surely. Looking forward to seeing your journey. Cash stuffing method really works and makes you consider every purchase! 😊
Thank you. It's going to take us some time but I'm determined now so I know we'll get out of it. It's a very long road though. 💜
Great video ❤ New subbie here 👋
If you can on the cards you pay interest on make the minimum payment plus whatever the interest was, it does help to lower the amount
You’ve done the hardest part. It’s totally doable. It will take time but you can do it. I will definitely be following and supporting your Channel. Do you have any other way of earning. I.e. sell on eBay, market place etc. I managed to declutter and save quite a bit doing this. Every little helps. Good luck and I look forward to your next video.
❤
We have a few things we can sell that will go to the largest credit card I think. 💜
@@mrsbsbudgets fab. Are you doing the envelopes? I have found it an amazing way of budgeting and saving. 😀
@@kerrywelch4584 probably not at first there is very little disposable income to left after our bills once a few debts are cleared then its likely something il consider 💜
Two simple rules on dealing with it. Don’t add to it. Find the cheapest way to pay it back, it’s the interest payments that slow down repayment dramatically as it eats into the money you throw at the problem.
Try not to let it get you down, half the population is living beyond their means, be positive that you’ve decided to make the change.
Thank you and I agree so many people are struggling right now.
@@mrsbsbudgets I don't know if you've had advice on how best to clear the debts but you should always seek help if you're unsure. Citizens Advice can be good. My focus is on the credit cards, as the interest rate was not stated, I did a sample calculation and the £15k balance with a monthly payment of £400 would clear in around 5 years if the APR was 21.9%. That's an extra £9k in interest payments. So finding options to reduce interest, maybe with 0% balance transfers or consolidation loans is worth looking at. Although I know how to deal with such debts I can't offer you personal financial advice, but don't have any hang ups about seeking it yourself, it's no ones place to judge.
I've been in your position. I followed the Dave Ramsey method and it worked brilliantly. It will be hard but you can do it.
Thank you. I'm so glad you've managed to get through your debt problems and I'm sure we will to. 💜
Patches and lotsss chewing gum may help with stopping smoking. Alternatively, a lot of cash stuffers vape instead. Looking forward to seeing your progress! Remember it's progress not perfection ❤ if you slip it's OK to keep trying xx
Thank you I do have a bad habit of being to hard on myself and then giving up hence this channel to keep me on track.💜
I’ve recently given up the cigs and vape now. Much cheaper. 😊. It’s been quite easy. I tried for 30 years to quit before. Give it a go. ❤
Thank you I have a quite date for the 1st of April I'm going to the dr to get some nicotine replacement 💜
@@mrsbsbudgets that’s great. You can do it 😀
Pay the car payments as due. But don’t consider it a debt like credit cards and store credit.
Sell things and budget....
This is the worst step...knowing your debt.
Now you need to figure out your minimums for the payments and plan for payoff.
I would at least start with Dave Ramsey to work through your budget and cash envelopes to figure out what you 'need' per month.
Once you get a solid framework for the budget and debt...tweak it then.
Thank you for the advice, selling things is actually on the agenda. I will definitely watch a few more of Ramseys programmes they've been highly recommended 💜
Dave Ramsey is wrong about cars. They are how people get to work, school, store. It costs more not to have one in a lot of ways and you either have a working car at the end of the low or something of value to trade it. Treat car payment like the gas bill. Pay off the HSBC loan. Then you will have two categories off the list. One thing he is great on is having people start putting regular amounts of cash aside for emergency. You don’t want to be pay off HSBC only to have a balance again in 2 months. Also when doing budgeting sometimes plans go off a bit. Some bills in US anyway are not monthly. The trash is every 3-4 months, the car insurance 6, or something throws off your paycheck and the day a bill is due, some odd school expense. Some are paid every other week and some twice a a month. You will want something you can pull cash from. Never do payday type loans or prioritize getting rid of them first. Money should be in the future not the past. It is difficult to be paying on stuff you can’t even remember what they were. I think getting rid of the store debts first is great because of that. You are paying interest most likely so the great deal on the clothes really isn’t after interest. And you can forgive yourself for charging clothing that no longer fits or interests the person you bought it for in 9/10 cases. The generic credit card maybe there is something long lasting on there you at least can say the fridge was bough with it or I used it to get new brakes. Are there certain times a year you splurge? Put £20 a week into an envelope will have $1000 for Xmas if done all year. It’s food and presents and petrol. Not just gifts. The other things cost more than the gifts often enough. If you throw out food at holiday make one less side or dessert this year. Since you have kids in and out of house resist the urge to make everything even. I know some buy junk so that all the kids have the same number of gifts. So it looks enough. If you have to spend x to make even instead of buying chapstick and some other fillers just gift cash or a gift card to the two kids £20 short. Rethink who needs a gift. Especially if they have to give you a gift as well because of it and they are hurting financially. If great aunt has no kids keep it going. But maybe you don’t have to exchange if they already have other people closer to them, it may help them out as well. Or do a smaller gesture. Make sure if can get money to help with utility bills you get it. I was reading that many who qualified for cash to pay for energy didn’t apply. Some are shocked they don’t meet the income level and many shocked they do meet the income level for those kind of schemes. If I lived in England or that area I’d be watching more Martin Lewis. Dave Ramsey wants everyone to donate 10%. It’s a Christian concept and there is some weird voodoo type math where it actually makes sense. However starting out with that much debt I would be more modest. There is not set number where if people have x in the account they are rich or comfortable. Everyone would have a different number and it would be changing all the time anyway. But the month where some money is given away, some is saved and bills are paid with no debt, that is what makes a person feel great. Doesn’t always have to be cash. At one point in life I decided food was getting expensive, last time it happened not this time and would add a few extra items to my shopping cart cause I had access to a food pantry drop off collection.
Thank you for this and your right a car is essential. We live in a small village with very limited public transport, neither of us could get to work with out the car. The store cards, clothes etc are the first priority the credit cards are going to be a long term problem. 💜
I hope you pay off your debt.