I’m in the knock out debt as fast as possible group. After many years of never being out of debt, once I got out of debt and felt how freeing it is, I have never wanted to go back for any reason.
Donna great idea to start snowballing your debt. When Mike's car needed replacing 2 yrs ago it killed me to go back into debt for 3 yrs, which I told him we wouldn't be. Luckily our credit union gave us a personal loan & we didn't need full insurance coverage, that helped. I started breaking up the payments making 2 a month which helped with interest, we sold his old car (not for much) but I would double a split payment, then doing saving challenges , just putting any extra money on it & by Dec 31 of the first year I paid it off😊. My word is Consistency which lol is what I did then, but now I have other areas I need to work on. Great video. Plus remember once roof is done you can put that money towards other debt & snowball their payments into truck.
I am watching the replay. You have many options that can help you get rid of the car payments. It really depends if you have the room on the HELOC and the interest rate is lower there and if you have the convenient checks and get the zero apr on that card and see what the transfer fee for the checks are and that is usually less than what you would pay for the interest paid for the term of the loan.
I don’t have My money in a high yield, I have it in a money market account. The bank I use doesn’t offer buckets so I have to track how much of the money is for each sinking fund.
I have a high yield savings account at synchrony as well. My quandry is is it worth having it there. My emergency money is there and as you know it takes 5 days to get that money if I need it. I appreciate having the higher interest but knowing it takes that long for the money to get to me is making me think I might be better off keeping the money closer to home. Anybody have any thoughts?
Watching replay I'm iffy about the HYSA as well But I find once it's in there, I hate touching it So ill find other ways to fund things, that don't involve pulling it out 🧜♀️🩵
I’m in the knock out debt as fast as possible group. After many years of never being out of debt, once I got out of debt and felt how freeing it is, I have never wanted to go back for any reason.
Donna great idea to start snowballing your debt. When Mike's car needed replacing 2 yrs ago it killed me to go back into debt for 3 yrs, which I told him we wouldn't be. Luckily our credit union gave us a personal loan & we didn't need full insurance coverage, that helped.
I started breaking up the payments making 2 a month which helped with interest, we sold his old car (not for much) but I would double a split payment, then doing saving challenges , just putting any extra money on it & by Dec 31 of the first year I paid it off😊. My word is Consistency which lol is what I did then, but now I have other areas I need to work on. Great video. Plus remember once roof is done you can put that money towards other debt & snowball their payments into truck.
Watching replay...Good idea on the truck.💕🐻
Hi Donna, in 2 weeks I am off to Calgary to show my boxer I have and I am looking at a second show boy boxer to bring home.
I am watching the replay. You have many options that can help you get rid of the car payments. It really depends if you have the room on the HELOC and the interest rate is lower there and if you have the convenient checks and get the zero apr on that card and see what the transfer fee for the checks are and that is usually less than what you would pay for the interest paid for the term of the loan.
Hello Donna
I'm trying to use a planner this year 😊
I want to save as much as possible so I can pay for some decorating in the house later this year
The word for the year is SIMPLIFY
Hi Donna happy Saturday
Hello Donna I can hear you just fine
Late watching.👀thank you
Hi Donna. Happy Saturday.
I don’t have My money in a high yield, I have it in a money market account. The bank I use doesn’t offer buckets so I have to track how much of the money is for each sinking fund.
I can hear you fine.
I use my challenges for my high yield savings accounts
Hey Donna and Village!
Don't have a high yield savings yet I will be doing buckets this year
Yep
I have a high yield savings account at synchrony as well. My quandry is is it worth having it there. My emergency money is there and as you know it takes 5 days to get that money if I need it. I appreciate having the higher interest but knowing it takes that long for the money to get to me is making me think I might be better off keeping the money closer to home. Anybody have any thoughts?
My sinking funds are separate
Sorry I missed the live
I hear you but no music
On buckets twice you forgot to add haggity 1100 so buckets should be 8760 not 7660
Watching replay
I'm iffy about the HYSA as well
But I find once it's in there, I hate touching it
So ill find other ways to fund things, that don't involve pulling it out
🧜♀️🩵
I hear you but no music