A proven way to paying off a Credit Card Debt | How to pay off a credit card debt fast

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  • Опубликовано: 2 апр 2022
  • Hi!
    On this video I am sharing with you some if the strategies I implemented to pay off one of my credit card debt, these have worked for me and I hope they will be useful for you too.
    Like, Subcribe & Comment 😘
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Комментарии • 44

  • @lulumops
    @lulumops Год назад +22

    What I do is, pay more than the minimum and then request the credit limit to be reduced. As such, there is never money on the card. If there is, I lower the credit limit and capitalise it.

    • @JennNxumalo
      @JennNxumalo  Год назад +4

      I love that, I started doing the same yazi 🥰it helped me a lot.

    • @thobashangase
      @thobashangase 6 месяцев назад +2

      And if discipline is a problem, you can ask the bank to “lock” the account such that you can only pay into it but nothing comes out of it. I’ve done this with an FNB CC before. And it will still allow you to reduce the limit whenever you’ve paid into it

  • @nomkhithas7752
    @nomkhithas7752 Год назад +11

    I took my credit card out my purse because it gave me this false sense that I have money. Whereas I started off well where I only bought things that I knew I had budgeted for and could settle. I had gotten to a point were all my disposable income would settle the card meaning I have nothing to spend for the month, meaning I end up using the card.
    So I settled it, this month I will survive with the little disposable income left after settling credit card. Then month end I will start laybying the furniture I want instead of taking it with the credit card

    • @JennNxumalo
      @JennNxumalo  Год назад

      I love that you have seen your challenge when it comes to having a credit card. Continue being intentional with your finances and you will save yourself from so much financial stress. I love that you are choosing to lay-by instead of using debt to purchase your furniture 💐🥰

  • @nayelushaba3041
    @nayelushaba3041 14 дней назад

    Thanks, I will definitely apply this method when I have a credit card.

  • @flaviakuume6642
    @flaviakuume6642 2 года назад +10

    Shout and love all the way from Namibia 👏🏾 side request: please consider subtitles for the vernacular part🙈

    • @JennNxumalo
      @JennNxumalo  2 года назад +1

      Ohhh wow, thank you 🥰 I will do so next time.

  • @sibongilentshangase4398
    @sibongilentshangase4398 Год назад +6

    I am you shame. But I reported my card as missing and the bank blocked it. That's when i found out that I can't use the facility, I can only pay. If I need to use the facility I have to physically go to the bank and apply for a new card... it's helping me a lot.

    • @JennNxumalo
      @JennNxumalo  Год назад +1

      It helps a lot to not have easy access to credit. It will help you push.

  • @zoemystique7773
    @zoemystique7773 2 года назад +4

    Oooh, acknowledging ones own financial habits is everything hey.

    • @JennNxumalo
      @JennNxumalo  2 года назад

      It helps out a lot in avoiding some financial mistakes.

  • @Mbalenhlechrissie
    @Mbalenhlechrissie 2 года назад +9

    Great video, thank you for this, I have been struggling to pay off my credit card coz I always go back to it, now I will start saving up for it.

    • @JennNxumalo
      @JennNxumalo  2 года назад

      That was my same issue, I am glad you found something helpful 🙏🏾🥰 thank you

  • @NonkonzoMnqaba02
    @NonkonzoMnqaba02 2 месяца назад +1

    I am Addicted🥰😁 to you Jenn been looking for videos i have not watched

    • @JennNxumalo
      @JennNxumalo  2 месяца назад

      That’s good to hear 😅🥰

  • @fostermaluleke9371
    @fostermaluleke9371 Год назад +3

    Informative

  • @victoriashishongi1720
    @victoriashishongi1720 10 месяцев назад +1

    Thanks for sharing ❤

  • @phindafuthimhlongo2624
    @phindafuthimhlongo2624 4 месяца назад +3

    YES THE PROBLEM START WHEN YOU USE A MINIMUM PAYMENT AND YOUR CREDIT CARD GOES TO 103% OVER THE CREDIT WICH IS BAD FOR YOUR CREDIT SCORE , VERY BAD

    • @JennNxumalo
      @JennNxumalo  3 месяца назад

      Very true, even though it does not affect your credit score, it does cripple one’s finances.

  • @TSHEPOMANAKS
    @TSHEPOMANAKS Год назад +1

    Love you girl.. content is quality

    • @JennNxumalo
      @JennNxumalo  Год назад

      Much appreciated sis 🙏🏾💐😊

  • @sivenathitshwete5742
    @sivenathitshwete5742 2 года назад +2

    Great video thanx

  • @kgomotsomaleme1320
    @kgomotsomaleme1320 3 месяца назад +1

    I love this video ❤

  • @nikiej1241
    @nikiej1241 Год назад +1

    Thank you

  • @jacquilines5041
    @jacquilines5041 Год назад +3

    thank you for this video because this is exactly what i am going through and i have decided to rather just pay it off and close it. I cant carry on like this

    • @JennNxumalo
      @JennNxumalo  Год назад

      That’s a great plan, I am closing my last one also cz wow 😯 I am not good with credit cards.

  • @keneilwemolefe9425
    @keneilwemolefe9425 11 месяцев назад +1

    That's me whenever it's available I take it again😢- so I realised that I'm not doing anything and that's why I cannot pay it off- I'm listening to your video again hoping these time around i still to the plan.❤

    • @JennNxumalo
      @JennNxumalo  11 месяцев назад

      When you pay into it, go and decrease the credit limit. In some banks you can do this on the app.

    • @keneilwemolefe9425
      @keneilwemolefe9425 11 месяцев назад

      @JennNxumalo Yes can I please do that and stick to the plan.Thank you.❤️

  • @berthaeichas3788
    @berthaeichas3788 11 месяцев назад +1

    Im.back here coz im struggling to pay of my ackermanns acc.. I keep going back to buying something on account. This the motivation I need.. will come and post an edit once I do it.

    • @JennNxumalo
      @JennNxumalo  10 месяцев назад

      I am happy to hear that this is the motivation you need 😍

  • @pebetsemothapo3038
    @pebetsemothapo3038 7 месяцев назад +1

    The top 40 market is performing poorly. Is it an indication to buy more? will it ever increase? It's worrying actually.

    • @JennNxumalo
      @JennNxumalo  7 месяцев назад +1

      The best thing to so when it comes to investing is to not be moved when assets go down or up. I don’t invest based on how the asset is performing because I am investing for long term, every month I invest on the same asset low or not. The market always adjusts it self. But I also understand that we don’t have the same approach to investing. I can’t say much about the other approaches to investing.

  • @zwonakanemavhola4130
    @zwonakanemavhola4130 Год назад +1

    Hi Dear
    New follower here, I heard you speaking of Frank? What is this, please share the link

    • @JennNxumalo
      @JennNxumalo  Год назад +1

      Hi! This video will answer all your questions.
      South African Investment Platform | Investing with Franc for the 1st time | Investing for beginners
      ruclips.net/video/ZgJrVLlnSsg/видео.html

  • @deephousethatarap4214
    @deephousethatarap4214 Год назад +3

    Hi sis . I just want to usk you right now I'm in debt so I'm trying use new tricks of paying . Sometimes I pay more but since I'm struggling with financial stability.. ngibuyela emuva
    So I just wanted clarity la ngingakwaz Ku spilter imali say le debit engiyikhokhayo ngiyihlukanise I mean ungenzeka mehluko . Kube kuthi njalo Friday ngiyakhokha .. please respond

    • @JennNxumalo
      @JennNxumalo  Год назад +2

      Hi! 😊, Keep paying the minimum of what you are required to pay, if you get extrat income pay into lesikweletu esincane. But do not stop paying for anything or paying less than what you are supposed to pay as this will affect your credit score. If possible go to your bank and see if they can’t consolidate everything into one, and if the installment gets to be lower than what you are paying please pay it into the debt so you can push it. If your debt is with standard bank please look into other banks.

    • @deephousethatarap4214
      @deephousethatarap4214 Год назад

      @@JennNxumalo ... So which bank you recommend I must look at for me to get help . And let's say my debt is 170000 . Which you know I can get help