How to Get Rid of Credit Card Debt Fast || SugarMamma.TV
HTML-код
- Опубликовано: 22 мар 2015
- Many dream of being debt free. But how can you get out of toxic credit card debt for good and fast?
Auto-translations are available in settings.
You can quickly & easily subscribe to my RUclips channel here: / sugarmamma for 2 videos per week, every Monday (Money Monday) and Thursday (Lifestyle Love).
How to find more about me:
Follow me: 📸 @SugarMammaTV
@CannaCampbellofficial - for capsule wardrobe fashion, beauty, motherhood & lifestyle
Subscribe to blog: 💰 www.SugarMamma.TV
Facebook: 👩❤️👩 SugarMamma.T...
-----------------------
M Y N E W B O O K : T H E $ 1 0 0 0 P R O J E C T
Booktopia: bit.ly/2BculXK
eBay: rstyle.me/n/cy5sxjb9bi7
As well as: Amazon, Dymocks, Angus & Roberts, Big W, The Book Depository, and all airport bookshops
All International orders The Book Depository: www.bookdepository.com/The-10...
Email your receipt to yousugarmamma@gmail.com for access to the link to an exclusive video!
-----------------------
W H A T A M I W E A R I N G ? - C L O T H E S + M A K E U P
Seed Luxe Oversized Tee: rstyle.me/n/cbex4vb9bi7
Everlane: rstyle.me/n/dbbnizb9bi7
My favourite candle - rstyle.me/~aHg5L
Jewellery - Cartier Love Bracelet
rstyle.me/n/c3i3ikb9bi7
rstyle.me/n/c3i3jeb9bi7
rstyle.me/n/c3i3j3b9bi7
Foundation: rstyle.me/n/c3i3mdb9bi7 or USA rstyle.me/~aqMa2
Eyeshadow palette: No. 3 rstyle.me/~aqMb2
Mascara: rstyle.me/~aqMb9
Blush: rstyle.me/~aqMbr
Lips: rstyle.me/~acBw3 - my all time favourite lipstick
My favourite MAC products:
Eyebrow Pencil: www.maccosmetics.com.au/produ...
Extended Play Lash Mascara:
www.maccosmetics.com.au/produ...
Pro Longwear Paint Pot:
www.maccosmetics.com/product/...
Studio Fix Fluid SPF 15:
www.maccosmetics.com.au/produ...
Mineralize Timecheck Lotion:
www.maccosmetics.com.au/produ...
Strobe Cream:
www.maccosmetics.com.au/produ...
Prep + Prime Fix +:
www.maccosmetics.com.au/produ...
-----------------------
B U D G E T I N G A P P
The Sugar Budget App can be purchased here: itunes.apple.com/au/app/sugar...
-----------------------
S O C I A L M E D I A
I often share interesting articles and videos on the SugarMamma Facebook page, which you can follow here: SugarMamma.TV/
Instagram: SugarMammatv
SugarMamma.TV is all about educating, inspiring and empowering everyday people to create financial harmony, freedom and independence in your life. Bite-sized videos, with quick and easy to understand tips, that you can apply straight away and see the results. SugarMamma.TV is a powerful movement making money and finance more approachable, energetic and enlightening.
SugarMamma.TV also uses affiliate links. As a RUclipsr, I include affiliate links in my content. This helps with growing and sustaining my channel. However, this does not affect the prices of items that you pay. It just means that a small portion of the sale will go to the person who generated the link, at no cost to you.
Canna love this video. I'm thankful I've never had a credit card but will share with all my friends in case some of them are in debt!
***** Thanks Chloe! A lot of people have a dirty little secret but we are going to help clear it all up for them and make it better again and give them valuable advice and knowledge! xCC
This is exactly the same principles from Dave Ramsey in finance peace university class. I hope people follow this steps. We payed 40k in 24 months with This steps.
When I met my bf he had over 23k in debt. 3k I cc debt from his ex. (He also had his ex's dog and worked with his ex's mum) and car debt that had negative equity just rolled over from many cars. Now he's debt free!!! New better job and over 12k in savings! V proud of him
You are simply brilliant!!! You make it all seem far less scary and I appreciate that so much. Looking forward to all your videos! 💪
Hi Canna! I have just recently finished up working for a Financial Licensee Dealership so I understand how vital the advice from a FA is. Ive met some great FA whilst working for this company but never one as selfless as you!!! This information on your channel that you are sharing (for free) is astounding and I am so grateful for it!!! The power and knowledge your sharing is priceless, keep up the amazing videos xxx
Thank you thank you thank you thank you! i love all of your videos and I'm starting to feel more in control of my financial future! just chopped my credit card today! THANK YOU! xxxx
Hi Canna, just wanted to say that you are so inspirational and you have motivated me to start saving again PROPERLY this time. After watching this video the first thing I did was cut up my credit card into tiny pieces and it felt good! Thank you so much and I look forward to more videos xx
You are so motivating to me. I just made my list of credit card debt in ascending order, and it is scary. But I took a deep breath, and made the decision to take the steps to pay it all off. Thank you. Thank you.
Hi Canna, thanks to your encouragement I set myself the goal of being rid of credit card debt AND having the equivalent amount saved up somewhere so I wouldn't have to keep ending up in credit card debt..and I did it! Thank you…I never thought I could because I don't earn a salary but freelance. Now..to tackle the concept of investing, again, something I've never done before.
Very helpful! Thanks for sharing your knowledge. I must say that everything you say is doable, practical, and rational. More power to your channel!
Thank you so much, I'm thankfully not that deep into debt right now, but I'm fearing for my future financial life and I need to get out of my debt now.
Thanks again for giving me hope :)
I just paid off my credit card :)
Yay! I am smiling! Now to build some savings so that you never need to use a credit card or if you use a credit card you always pay it off in full each month! xCC
Sugar Mamma Yes :) I plan on watching several of your videos and taking notes as I go !
Quoya me too and now I’m working on paying my last credit card
Thanks to chloe i now love this channel. I really want to start taking note and learn cuz i really need a change on my finance
This video was very helpful! I'll check out the rest of videos. Thanks !
This video was in my watch later list since last night. You are so lovely! I will need to watch and listen to your video again... ..this time not focusing on your looks, but on your message. Thank you Sis.
Thank you for your content. I haven't had credit card debit before. But I do have a student line of credit that I am doing everything I can to pay it off. Excited to watch more of your videos after work.
You’re so inspiring! Thank god that I found you!
I'm really glad I found your channel via Chloe Morello's video. Your channel is something I really need, will be sharing with my friends. Thanks for existing!
I’m watching this again 2 years later lol, I did good for a bit, now I’ve fallen back again, gonna hit it head on again. Your adorable, hope all is well, I’ll check to see if your doing new vids still. Take care and thanks for the motivation again lol.
I got rid of my credit card a few days ago! It feels so good :D I've got to say though it was because I was blessed with an inheritance, but before it felt like I couldn't get on top of it.
excellent advice ☺
thank you for sharing
Wow! This video was VERY Helpful. Thank you.
This is brilliant. Thank you!
its a great feeling when its done
Awesome video....awesome advice! Thanks!!!
Thank you soo very much for your videos
this is exactly what i needed! thank you!
Love this video! I just recently opened my first credit card and am very cautious with it. I pride myself on having no debt but am also very very lucky to never have had to risk getting into much. I try to learn as much as possible about saving, finances, and credit cards to avoid any trouble in the future. Subscribed and looking forward to watching more of your videos and hearing your tips!
***** Hi Cori! Thanks for your comment! I have lots more videos coming every Monday so I hope you will find some good tips for yourself! Stay turned! xCC
Great video and very realisting and practical approach :)
Great advice!! It's not mathematically the most efficient way but you took into account emotions n habits , As smart as we think we are emotions become the biggest factor while making important decisions.
So helpful thanks!
This was so helpful. I was that person that consolidated my debt and didn't change my habits since the zero interest rate put me in a state of complacency. Now I have large automatic monthly payments going to my two cards and should be paid off in 14 months. Thank you!
That is great... well done for tackling that dreadful debt that none of us need! xCC
Thank you very much for your very helpful video. I did learn a few things, and I now feel that perhaps I'm able to sort out my problem without a debt counsellor. thank you so much. PS, your lovely, clean decor inspired me too :)
Thanks again for giving me hope :)
Oh. My. Goodness. It's like you were speaking about MY personal situation!! I consolidated my debt, ignored and ended up in twice as much debt! So so glad to hear someone say that paying off the smallest debt first can help, I've been so disheartened with my big debts hardly going down, but I'd always been told to start there. Changing my direct debits NOW to smash out my smallest debt! Thank you, thank you, thank you!!
+Brianna Johnson That is awesome to hear Brianna... small steps but you will get there and then it will be a huge wait lifted off your shoulders. Plus you will have learnt so much from this and can hopefully avoid any major debts in the future! xCC
+Sugar Mamma oh I'm definitely going to be one of those people you mentioned that's swear off credit cards for life!
Lovely tips, especially the tips about paying off the lowest debt first and working down the list.
Thank you, glad that you liked this video. I will be doing another one soon! xCC
I'm so thankful I came across your work and your channel via Chloe. I studied business and finance in university, and yet even after I graduated, my personal finances are a mess. I've made some big life changes, including job changes, international moves, marriage, divorce, and a new apartment. Credit card debt is exactly as you said: shameful, embarrassing, and I can't seem to get out of it. Your video was so empowering. It was everything I needed to hear, and I feel like I can trust your experience. I'm going to put everything you said in this video into action. In 6 months (maybe even sooner!), I hope to be debt-free. Thank you, thank you, thank you.
I purchased my first home at the age of 21 for $87,000 and sold it for $197,000. My second home, acquired for $170,000, was later sold for $320,000, and my third property, purchased at $300,000, fetched $589,000, with buyers covering all closing costs and expenses.
Whichever firm you select, make sure you get your insurance from a reputable financial adviser, such as *Jenny Pamogas Canaya,* who has dedicated her career to financial planning. Because they will assist you in escalating, navigating better, and completing the task in a safer manner..|
I've come across several positive endorsements of Jenny Pamogas Canaya on various platforms, including RUclips channels, seminars, and more.
Thanks to these recommendations, I successfully located her online profile and have already reached out to her with a message!
Very helpful video and info from a pretty gal , thank you !!!!!
This was helpful for anyone who needs this 😀
Step 7 close your accounts. Call the card company and close the accounts. Then ask them for a new arrangement with the primary goal of lowering or eliminating interest. This will make your monthly payments more effective as all or most will go towards the principal. If you want to keep some, keep the oldest ones to maintain a payment history on the credit report. Some creditors will just offer a lower interest for the asking and some will ask if your in a hardship and ask some basic financials.
Changing my life as you speak! 👏🏽
I've heard about your channel from Chloe and I did not regret watching your videos! I am a student therefore I have no loans yet! & thankfully I watched your video to not go through that road. Big THANKS!
You're lucky to have found this so young! I love my degree and it can get you into an industry (mines biological sciences) but I would recommend being clever about it and not jumping into uni straight away for suuure. Most times if you're vigilant you can get into ANY industry without a degree first...get it later if you want to ADVANCE. I wish I'd known that. Ds get degrees but degrees don't necessarily get jobs lol.
I'm a college student, thankfully we don't have to pay high fees for our study in Qatar, to be honest its kind of free! If you are a Qatari. I have to study though this is very important to me and to the country it self! They encourage us to study and get high degrees and that is really motivating.
You really made me see the logic of paying off debt by the lowest amount first. I have tried to consolidate all debts to one card and have made the mistake of using the cards I just paid off to buy more things. thank you so much for all this info.
+Msbmmakeup My absolute pleasure... I think most of us have been trapped by credit card debt, it is so scary how out of control your finances can become when you have a credit card or multiple cards. xCC
Sugar Mamma... hahaha. Well aren't you a class act! Blonde, gorgeous, and intelligent... I really have no idea how I got myself into so much personal debt, but your words of wisdom are very practical and sound. Great video.
I just cut my two credit cards and it feels great. I couldn't imagine what it would feel like to actually pay all my debt off. Thank you for this wonderful video!
Well done for getting rid of your cards... You'll get their with tackling your debt, you've done the first step and now its time to put some strategies in place to reach your goal of becoming debt free! xCC
I just confirmed. Looking forward to the budget. Thanks.
Thanks Lynn... it can take up to 5 minutes and don't forget to check your junk mail folder in case it's gone there. xCC
Thx for ur tips.
It's amazing how you're obviously a very well qualified financial advisor but it's almost like you have heaps of experience in psychology and the way people think about money. Very interesting video to watch!
Alice-Maree Raitt Oh thank you! I love helping people with this sort of thing! Lots of valuable advice coming your way xCC
SO glad Chloe introduced me to you!
This is so helpful thank you. I am from the UK and my hubby and me have rented for over 6 yrs but now want to buy. House prices are sky high at the mo and therefore so are the deposit amounts and because of renting it is near on impossible. My mum has offered for us to move into hers for a year or so to save which is amazing but first we have a few thousand to clear on CC before we can start saving. Have started selling lots of stuff on ebay (we have to downsize anyway as moving into mums!) and from now any extra cash even if it is £10 or £5 will go on clearing that debt so when we live at mums, most of the time is spent saving for a house. Great videos! Keep them coming!! :) xx
+Nicki Kinickie Great strategy.
+Nicki Kinickie Are you interested in buying what you rent? If so, talk to the owner about lease/rent to buy that we have in the U.S.
Nice , Thank you for being worried about us
As soon as you said cut your card, I paused this video and cut my card. I feel so so good. Thank you xxx
I like your use of illustrations (like juggling the balls) using illustrations really is an excellent teaching tool.
All of this resonates with me. It makes so much sense for me. You're so right, if I consolidate, I will be in double trouble, guaranteed, and super stressed out, because my mindset will not have changed. I also like the idea of paying the smallest debt first. I think I would find it really empowering to realise I AM in control of my situation and I am perfectly capable of getting of debt. Sometimes I tell myself "what's the point, I'll never get out of debt". That's because I try to tackle the worst problem first and give up even before I've really tried. I will implement these tips from now on. I think they will help. Thank you so much!
Ps. your beautiful roses are singeing
I hope they do... Try to keep motivated and positive even when you feel like it's all too much and you want to give up! Small steps and I can't wait to hear back from you to tell me you're completely out of debt! xCC
I subbed, have no debts but can look at you all evening
Wonderful videos. Even at my advanced age they provide good advice.
+Stephen Sprenger Oh thank you Stephen. xCC
respect, thank you
The snowball technique is a great way to get out of debt.
Great video!!
Hey Canna - just letting you know the Instagram button on your website doesn't work :) Great vid. I have officially finished binge watching all your videos!
I stepped out of dept with YNAB (wich is a budget software, wich is "teaching how to budget). Budgeting is a key and could (i want to say should) be step 1. I didn't cut my credit card, i paid them, i didn't used them. Cutting them, FOR ME, was like saying to myself : you can't learn / you can't hold yourself from using it so i'll make sure you don't use it. I once throw weed in a trash to force me to stop, and it didn't work. BUT, cutting a credit card or throwing something in the trash CAN help you if events turns on a good timing for you, but might not be the solution for everyone. I wish everyone to be a grown adult with money, cause it can be a great thing (not the best world but...). Thank you for your video! I'm sure you are helping a lot of people out there! :) BTW: I quit weed and quit dept in the same time. Sometimes, it's all about an ultimate choice you have to make inside, but too afraid to do it. Trust in yourself, Trust in your dreams and a lot of pushing FARER your self-imposed limits. :)
Just cut up my credit card! Thank you for the helpful tips xx
thanks that was helpful
I find it easier to stay out of debt by growing fruits and vegetables,for which I would have had to allocate a generous fraction of my salary,it's like growing money,and as bonus,no pesticides and a good workout on a sunny afternoon.Nice video.
Romy Jugroo Hi Romy ! Wow ! Great idea! xCC
Great tips like it.I subscribed to your channel
Very helpful and useful
This is so great, glad I came across your page!
Question: What do you think about credit cards for business purpose expenses such as equipment breaks down suddenly or needs upgrade? Also are you based in Sydney? Thanks x
Thanks!
Thanks you are smart I never had credit card at all and I have no intention to have it in the future
Thanks Hassan! xCC
I'm in debt at around £1000 iv bin doing this and it works it really does xxx
Great video:) hope your channel grows a lot!
Nina Svane Thank you! xCC
good advice
Remember that by far the #1 stealer of wealth is car payments. After a car payment, a phone with a big data plan, and tv payments(cable/dish) most people easily hand over $12,000 per year in hard earned money to pay for stuff they can go without. Very often it's not so much of an insurmountable income problem but a very fixable outgo problem. It takes focus and sacrifice.
and discipline for me at least
And every time you buy a new car you must pay sales tax and in my state of NV newer car registrations are very expensive.
just don't get credit card
Just found you from Chloe Morello.. Really helpfull videos, could you please do a video about the best ways and paths to invest? I am just a student and want to take control of my finances ASAP.
What lip product are you wearing? I LOVE it (and love ❤️ YOU)
Thank u so much for the video, very educational; Im positive I could benefit from consolidating my debt, but where do I start? Would it affect my credit score? What credit company can I trust? I'm clueless
The new reality for many responsible consumers is that income drops while expenses either stay the same or increase (example insurance rates increase).
Credit Card debt is the last hindrance on my networth. Thank you for making videos!
Sugar Mamma! My partner told me to check out your videos and they're great. I'm an independent musician so all this stuff is really helpful - You mentioned in the video about getting a budgeting template off you? If it's ok, how do we get a copy?
R.
Love this video. One question: after following the first step (cutting my credit card) how to deal with online purchases or hotel reservations?
excellent video
Great Video!
I'm getting married in August and I've got a list of vendors that need to get paid off before the wedding. I've paid for any initial deposits already but I'm overwhelmed with the final balance due. I've got a "Life Account" that I'm getting great interest from. Can you suggest if its a good idea to start paying my vendors in installments or do the deposit lump sums 1 month - 2weeks prior to wedding date? Please do a video on budgeting on special occasions. engagement, weddings, holidays
Great video....I love watching your videos...I learn alot. My question is about savings accounts. When I have money in savings I have trouble not touching it....it is as if it is calling to me to use it....how do I deal with that? Thank you!
Thanks😎
great video
my husband orders stuff online with the card numbers,and won't stop!!
Call the credit card company & tell them the card has been "lost" & you need a replacement with a different #. Keep an eye out and intercept the mail. Call & activate the card. Once it's activated, the old # he's been using will become void/inactive. Then you can hide or cut up the new card.
Fran DeGroat .. you may need to have some hard talks with your husband 😶 it's not okay!
Thanks! I really hope this will help me out of debt for good!
+RedWolf69 how do you get in debt in the first place
past me hates future me and was stupid
I can remember everything I bough because i did not have a choice! IRS forgot to take taxes out for a year and a half!
|Such a great video. Thank you
Dee Middlin Thank you! xCC
this is helpful
Hi Sugar Mamma prepaid cards are not prepaid credit cards. there an option instead of cash, debit or credit there just prepaid cards they don't build credit.
there meant to purchase items.
I still use cash to at certain merchants. cash is wonderful .
A video on personal loans please! Mine has just become enormous and I feel a bit overwhelmed. I originally got the loan for a car but just added on top for little things!
Courtney Radcliffe Okay, leave it with me and I will see what I can do xCC
Hey Canna! Loved the vid! Just a quick question! So I'm almost 20 now and I am studying full time and working part time as well. I live away from home so I'm paying all my own bills and rent on top of that. I do struggle sometimes to manage my finances and I am currently a little bit in debt! I was wondering if you think it's worth seeing a financial advisor at my age and in my position and whether investing my money in a financial advisor now would benefit my position in the future?
I love this video. Thank you for the tips. I have a similar case as the girl who commented below. I am a full time student and full time worker. It is extremely difficult to manage my money. I have so many expenses and bills. Please do a video in regards to managing your money, and/or making more money while in college. I feel like I do not have enough money to spare for leisure activities or shopping etc.
Isamar Colon No problem, I am going a video for you xCC
Thank You ;)
One huge tip my dad taught me don't ever get a credit card ! Wish I listened . But life happens.
Great advice after watching this video has help me to sort my credit card debts never again I will use credit cards now I have budget my money I have learnt my lesson
Nice work Craig! xCC
+Sugar Mamma thanks the mistake I made was doing balance transfers and using them x
If you own a home and are still in debt, please feel free to email me. A lot of times you can take equity out of your home and lower your monthly bills by hundreds of dollars. I'm a mortgage officer, kgraven@goldstarfinancial.com
Thanks so much for these tips! Like many of the other commenters, I am currently a student with a very limited income, so paying off my credit card has been taking me a lot longer than I expected it would!
I am also getting ready to finish graduate school in a few months, and because I live in America I have only six months after graduation before I have to begin making payments on my student loans (which are substantial). I know that you are based in Australia so you might not have a ton of info on how things work over here, but I was wondering if you could make a video about the best way to approach paying off student loan debt? Thank you again for providing us with this free advice!
Julia Judlin Working on this for you! xCC
thank you so much! :)
Credit card debt has been such a shame of mine. I racked up $9000 in less than a year and had been paying so much interest. About 3 minutes into your video I decided to find an extra $100 to pay off my debt. I already paid $200 this month which surpasses the minimum requirement but any extra amount helps.
My CC debt is $8700 now... still horrendous and it feels like $100 is nothing in that size but I'm hoping once I get to $8000 I'll start to feel like I've got a handle on it and it's possible that I will pay it off one day...
My biggest tip is to call the bank and ask for them to lower the interest rate - mine went from 20% to 3%!!!!
Thats good! Its still $100 more than it could have been. Keep going! xCC
awesome. i am also just wondering how we can tackle our car loans. and i found that the debt snowball strategy (starting with the lowest loan) is good to help you change your mindset because you can immediately see the results but the most effective is debt avalanche strategy because it's faster.
I only use a credit card and choose a finance option from now on only !