There are several techniques to pay down on credit card debt. One technique I used was to pay the minimum and match the interest for that month's payment. For example minimum payment $100, $85 goes to principal, $15 to interest. Add $15 more for a payment of $115. Next month, that interest will be lower, because the $15 extra, went to the principal. It's a small chunk, but eventually that dent will be bigger.
Where I live I don’t know who can find a place for 35% of income. Would be nice but it’s just too expensive here and a lot of places. Maybe if you had a bunch of roommates but otherwise there’s no way. Or maaaaybe if you rent a really old studio apartment.
You know a lot of people who live where their incomes don’t belong then 🤷🏻♀️ if you want to live some where, you have to make the income for it. If you only have a limited income, you have to live in the place you can afford.
@@R.M.3.14 but that’s like anywhere around me so I don’t know how they would get people to work at places like fast food and stores if nobody could afford to live anywhere in the area. And I doubt someone is going to drive two hours to work at a fast food restaurant.
This is not realistic or helpful!! .... “Pay more than the minimum payment to credit cards”..... like, obviously you need to do that but the problem is most of us can’t. ..... “pay less on housing and transportation” ..... obviously that would be great but some people don’t have the ability to make those drastic changes.
Ivy Nida please check out Dave Ramsey, google him. GMA has no idea what they are talking about... under “others” she contradicted herself by saying necessities and wants in the same sentence..
Then you shouldn’t have taken out the debt in the first place or lived in the place you can’t afford. No body feels sorry for you for making your own stupid decisions.
Chan J *I've been in debts for a while now and almost lost my car and house due to my loan and credit card debts, ruma_telecom11 on !g helped me clear my debts and funded my account, the dude is Awesome*
Brittney J *I've been in debts for a while now and almost lost my car and house due to my loan and credit card debts, ruma_telecom11 on !g helped me clear my debts and funded my account, the dude is Awesome*
And here I sit wondering how to get my teeth fixed. To old, disabled and SOL. How she make salary to do this in short period of time. Well, good for her. Good job & high five. YUKA YUKA YUKA
If you’re old you have had plenty of life to fix your problems. Instead you’re here, in the comments section of a RUclips video, wasting more of your life screaming woe is me.
This is absolutely useless. Who the hell doesn't know that you need to make more than the minimum payment on a credit card to see a dent in the balance? wtf? Telling people to pay less for housing? How much does this single mom make? I see her rent was $850. Well good for you. You wont find rent like that where I live. This is all good if you are making enough money, but truth is most people are not. By the way, is she receiving child support to help with her expences? GMA come on give real people real information.
Some people live beyond their means. In the event that this woman is receiving child support (which her child is entitled to) I’m sure it is not enough to live off of or even get her out of financial debt. And it’s best to not even use credit cards, if you don’t have cash to pay for it then you can’t afford it.
No way anyone is getting $80k in child support in 8 months unless her ex is a multimillionaire/billionaire. And it’s not useless. There are more people in debt than out of debt in the US-so obviously even though ‘everyone’ knows to pay more than minimum or etc, there are plenty that don’t do it. If you were as financially literal as you’re trying oh so hard to portray, you wouldn’t be whining about expenses vs income-you would know if you can’t afford where you live you need to move.
Alo me trugi uy con no se pasa me unas perdices soy. La del bosque BBB arriba arriba arriba. Me una piruleta otra otra otra. Ya diré. Que bueno. Que lindo. Ban de oreo osa uno canta yo. Bailo baliba me subo me un porta portal me uy. Liego lo sa ay allí otro y otro y otro me así is life live. Forever. You. Hippie ya te. Diré leches. Por uy chic mundi. Así me. Uy tipi. Chic yupi chic chin chin. Ya. Te diré ok grc grc grc continuara estudio uno estudio dos. Estudio tres. Mundi
There are several techniques to pay down on credit card debt. One technique I used was to pay the minimum and match the interest for that month's payment. For example minimum payment $100, $85 goes to principal, $15 to interest. Add $15 more for a payment of $115. Next month, that interest will be lower, because the $15 extra, went to the principal. It's a small chunk, but eventually that dent will be bigger.
That's a lot of money to pay off in such a short time but her tips are more realistic then some of the other ones i've heard over the years
I follow the Budget Mom, too, and she has helped me immensely. She's a nice lady, too.
Pretty amazing. Good for Kamiko
Kumeko is awesome and sincerely appreciate The Budget Mom and the method. I’m on my way to being debt free! 💖
Where I live I don’t know who can find a place for 35% of income. Would be nice but it’s just too expensive here and a lot of places. Maybe if you had a bunch of roommates but otherwise there’s no way. Or maaaaybe if you rent a really old studio apartment.
You know a lot of people who live where their incomes don’t belong then 🤷🏻♀️ if you want to live some where, you have to make the income for it. If you only have a limited income, you have to live in the place you can afford.
@@R.M.3.14 but that’s like anywhere around me so I don’t know how they would get people to work at places like fast food and stores if nobody could afford to live anywhere in the area. And I doubt someone is going to drive two hours to work at a fast food restaurant.
This is not realistic or helpful!! .... “Pay more than the minimum payment to credit cards”..... like, obviously you need to do that but the problem is most of us can’t. ..... “pay less on housing and transportation” ..... obviously that would be great but some people don’t have the ability to make those drastic changes.
Ivy Nida please check out Dave Ramsey, google him. GMA has no idea what they are talking about... under “others” she contradicted herself by saying necessities and wants in the same sentence..
Then you shouldn’t have taken out the debt in the first place or lived in the place you can’t afford. No body feels sorry for you for making your own stupid decisions.
My question is...how exactly did she do it? I have mortgage of $72k that I would to pay off in a year!
Make more money
Dave Ramsey helped me.
Chan J *I've been in debts for a while now and almost lost my car and house due to my loan and credit card debts, ruma_telecom11 on !g helped me clear my debts and funded my account, the dude is Awesome*
Student loans are worse if not just as the same as credit card debt.
Brittney J *I've been in debts for a while now and almost lost my car and house due to my loan and credit card debts, ruma_telecom11 on !g helped me clear my debts and funded my account, the dude is Awesome*
How about not in the first place.
And here I sit wondering how to get my teeth fixed. To old, disabled and SOL. How she make salary to do this in short period of time. Well, good for her. Good job & high five. YUKA YUKA YUKA
If you’re old you have had plenty of life to fix your problems. Instead you’re here, in the comments section of a RUclips video, wasting more of your life screaming woe is me.
10k a month to payoff plus regular expenses? Can’t relate to this at all
Mustve been flirting with someone at the bank. Getting loans ontop of loans while being in lots of debt. She probably has a patreon too.
This is absolutely useless. Who the hell doesn't know that you need to make more than the minimum payment on a credit card to see a dent in the balance? wtf? Telling people to pay less for housing? How much does this single mom make? I see her rent was $850. Well good for you. You wont find
rent like that where I live. This is all good if you are making enough money, but truth is most people are not. By the way, is she receiving child support to help with her expences? GMA come on give real people real information.
teresa lee Well,Hackbits_ on IG is a pro,he helped me clear my debt
Some people live beyond their means. In the event that this woman is receiving child support (which her child is entitled to) I’m sure it is not enough to live off of or even get her out of financial debt. And it’s best to not even use credit cards, if you don’t have cash to pay for it then you can’t afford it.
No way anyone is getting $80k in child support in 8 months unless her ex is a multimillionaire/billionaire.
And it’s not useless. There are more people in debt than out of debt in the US-so obviously even though ‘everyone’ knows to pay more than minimum or etc, there are plenty that don’t do it. If you were as financially literal as you’re trying oh so hard to portray, you wouldn’t be whining about expenses vs income-you would know if you can’t afford where you live you need to move.
Alo me trugi uy con no se pasa me unas perdices soy. La del bosque BBB arriba arriba arriba. Me una piruleta otra otra otra. Ya diré. Que bueno. Que lindo. Ban de oreo osa uno canta yo. Bailo baliba me subo me un porta portal me uy. Liego lo sa ay allí otro y otro y otro me así is life live. Forever. You. Hippie ya te. Diré leches. Por uy chic mundi. Así me. Uy tipi. Chic yupi chic chin chin. Ya. Te diré ok grc grc grc continuara estudio uno estudio dos. Estudio tres. Mundi
Jeezuzz how many jobs does this man have?!
Still can't figure out why gapman strahan is on tv