I’m so inspired by all the RUclipsrs showing how they’re gonna become debt free. I had $20k of consumer debt, and it wasn’t until I did my taxes that I realized how much I overspend on groceries and Amazon.😮🤦🏾♀️ All this time I’ve been paying on credit cards but not paying them off. I have a 0 balance today on my Amazon card!💃🏾 Still fighting the good fight on this debt-free journey, and I’m actually going to live within a budget and VERY low spending this year. I even tracked what I buy at the grocery store, and we end up throwing away. Sometimes I’m not even going to buy groceries for the week. We’ll eat out of the pantry and freezer. Every dollar counts. You got this, sis!
Amazing! Congrats on paying off your Amazon card! I had no idea how much I was spending on food until I tracked it 🤦🏾♀️ I couldn’t believe it. Wishing you lots of luck on your journey ❤️
@@laurarose6829 I’ve thought about that before, but I like picking my own produce. Last weekend, I was short on time, so I went in with my list and told myself “you only have ten minutes to get in and out.” No need or time to think about grabbing anything extra that way.
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment
Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.
Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $3million in that time frame.
@@hermanramos7092 Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my stock portfolio and plan my retirement
@@Oly_laura The adviser I'm in touch with is 'Catherine Morrison Evans, she works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me his strategy works hence my result. he provides entry and exit point for the securities I focus on.
You will get there. Just be consistent. I had 280k debt including my mortgage, home improvements (windows, porch, water proof basement), student loans, medical, and a used car. Not a single penny was credit card debt. I thought i could hold off on the home project, but the porch was about to collapse and take front of the house. The basement started having water issues that were getting worse, and honestly the windows were needing to be replaced. I could have waited maybe another year but I got great discounts. So I don't regret any of my debt. I started slowly tackling my debt more in 2017 and today I'm down to 22k left on my mortgage and nothing else. Lost my job in 2020 for a year due to the pandemic, but in 2021 I finished all none mortgage debt. The pandemic opened my eyes real quick and I went extra super hard in 2021 trying to recover. It's only me and I had to make those minimum payments with no money coming in except unemployment. I had already paid off my student loans so those being paused didn't impact me. I was so grateful to my past self for starting in 2017 or i would have been screwed. I have a bonus next month that will go straight to the mortgage balance so with that and a couple side gigs I am aiming for 100% debt free by September 2023. It has been a long road but i finally see the light at the end of the tunnel. I turn 33 next year and the weight off my shoulders is worth it. I sacrificed and now it's almost over. You will be able to pay this off if you stay accountable and consistent!
Thank you so much for your words of encouragement and for sharing your journey. It’s very motivating and I want to congratulate you for doing what so many people are unable to do!! Keep going & I promise I will too! ❤️
@@budgetinmotion also as you go think about all the interest you're not going to have to pay if everything went full term. I looked at each one of mine. By paying off everything earlier, it will total up to a whopping savings of a little under 90k of interest. Most from my mortgage not being the 360 months. But still that's a good chunk of money
@@CH-bi8tl you’re absolutely right!! As it stands right now, I’m drowning in interest and barely scraping any principle down. So I can’t wait to start seeing the amount of money going towards interest decrease
Mama, you got this! The cost of eating out is insane. I pay myself $30 each paycheck and that is my budget for personal spending in anything I want. I’m glad you were able to put the debt down in writing because this action is the shock that will move you to make changes. I wish you all the success in your journey. Thank you for sharing.
Thank you!!! Food prices and my bad spending habits as it relates to everything, food included, was taking a toll on me! Lol I’m going to get better at my food budget
Her transparency and acknowledgment of debt is courageous. I am 59 years old and lost everything when I exited an abusive relationship. Yet he left me with 30k in debt. The first step is forgiveness. Discipline and consistency was the highest form of respect for my future self. She is on the right track and I’m glad she is sharing her journey. My channel is about a single woman on a debt free journey as well as navigating life as a single person.
Yup… I just wrote my debt down a few weeks ago and it was depressing… I got the itch last weekend to do some fall shopping for things I do NOT need, so I went back to my debt list and watched some videos and it literally took that itch away!! I had to be brought back to the reality of my debt!!
First off, do not be ashamed, the first step is recognizing your debt. the second step is making a plan, third step CASH ENVELOPES and zero based budget. You are well on your way. I started my debt free journey January of 2022 with $150K and I am happy to say I am now at $75K. Picked up as many shifts as I could to pay off debt. This year 2023, I will pay off more! Plus, I have savings! YOU GOT THIS!
Hey, that fact that you put everything on paper, looked at it and said to yourself “it’s gonna be tough but I will do it”, first step to win this game. You can do it, I personally going through same debt free journey, not easy yes, but one day debt free scream will put a dot on my broken financial tree.
It might be embarassing how much you spend on takeout -- but it is also encouraging. You HAVE that money that could be redirected elsewhere just by forming a few new habits around looking ahead at future food needs.
My wife and I cut up our credit cards 25 years ago. Never missed them. Put three kids through school. Home and cars paid off. My wife nor I went to college.
writing down your finances or getting into the habit of using a calculator somehow sets you up to be more mindful of how you spend. i would watch Dave Ramsey, he has baby steps and tons of inspirational advice on how to free yourself from debt.
Dude, good for you. Nothing like facing your dark side and not liking it. But doing it anyway. It’s a first step. I send you my blessings! You can do it!
Sending you positive vibes in reducing your debt and decreasing your feelings of shame! I wish we were taught financial literacy as a requirement in school. Thank you for sharing your story and we believe in you! Lastly, I wanted to say that I LOVE how you are keeping your therapy appointments and prioritizing YOUR mental health. I used to think therapy was expendable when it came to my budgeting, but I now reframe it as an investment in myself and a way I can continue to growth holistically. I like you viewed as something that prevents you from spiraling - facts!
You will never regret having made this decision. It will change your life and you will never go back to your old ways. We will keep you in prayer. God bless you! I cannot wait to see your progress as you post. ❤
Thank you for the encouragement & your kind word. I wholeheartedly believe that I will make it out if this! I know it won’t be easy but I’m willing to sacrifice the now for the later!! ❤️
It’s a great plan! I’d really think about just hitting your #3 goal as #1 so you definitely have it paid off before July 1st those companies are notorious for trying to finagle the back up interest our of people. With your $600 snowball plus your $200 payment you’d have it paid off in 2 months with extra snowball leftover. Good Luck!!
I think you’re right Jacqueline. I’m going to change my payoff plan to get that stove loan paid off 1st so that I don’t deal with the interest. Thank you so much for this suggestion!! Never thought I’d receive such great advice by posting this video, it’s much appreciated ❤️
Hi , I saw your video . I thought you take all your date and put it all together and have one payement you could go to your bank and explain everything . I all ready passed by there 😊 you are courageous and on the right path 😊
I'm excited to see your journey. I can kick myself too about not making a payment on student loans during the pandemic but nothing I can do about that. I'm on my own debt payoff journey (64k). We can do it!
You’re going to be ok. Take your time. I’m looking forward to your other videos and your debt free journey. We’ve all felt ashamed of our debt. We made that first step to get rid of it. See ya soon ❤❤
I love your debt confession. Especially when you mentioned the therapy piece of it. Me realizing I had to stop avoiding therapy is what started my budgeting journey because I also realized I couldn’t afford it. Getting help with the causes of the overspending would be key for me too. I’m right here with you ❤️. New subbie
Absolutely no judgement, most people that I know are in the same boat. You should be so proud of yourself 👏. I will continue to watch your brave journey ❤
Rosemarie!!! Thank you! I’m trying to grasp it but I will tell you this, I’m not going backwards! I’m so glad you subscribed so that you can be apart of my journey! I will def need the encouragement lol ❤️
Seeing my spending on takeout was a huge eye opener for me too!! Since seeing it I adopted the envelope cash stuffing and zero budget method. It isn’t only helping my finances but also improving my health. Lost about 30 lbs and now in a healthy pregnancy weight. Knowing where we stand is the hardest step. At its peak I believe I had over $1000 on food expenses 🤦🏽♀️🤦🏽♀️🤦🏽♀️
You can definitely do this, I would say use the debt snowball, smallest to largest balance. Listen to the Dave Ramsey show for motivation it will definitely inspire you.
If you like convince, look into what is called batch cooking. Also look into what are called freezer meals. For myself, i moved into batch cooking because I don't like washing pots n pans; and I freely use my refrigerator freezer. We don't do spagjetti any more but, backmin the day I would prep a day ahead as needed then take a day to cook spaghetti sauce in the biggest stock pot I owned. I began by browning my ground meat in the bottom of my stock pot with a mess of diced onions, minced garlic, black pepper, and Italian herb seasonings. Depemdimg upon the fat percentage, I would drain my meat saving what I drained to be put in the fridge or freezer to defat; I returned any juices to the pot. I used canned tomato sauce more often than not as my spaghetti sauce base; I don't like tomato paste. Then I added shredded carrot, sometimes fresh broccoli turned into a meal in the food processor (it works great to thicken the sauce and add texture), more diced opinion, sometimes, more garlic, sometimes a splash of red wine or worstershire sauce, often finely diced sweet peppers, etc... Usually I did not add cooked sausage crumbles nor cheeses. Then I let simmer on low, the flavors meld, and the sauce reduce for a couple of hours stirring probably abiut once a half hojrnor so to get the bottom contents to the top. Once cooked, I let sit until cool enough to freeze; sometimes until the next day. We would have spaghetti for dinner on spaghetti sauce cooking day but most of it was frozen in meal,sized portions as my emergency back up meal. Even if I didn't get it our of tge freezer to thaw ahead of time, withntgecaide of the microwave,, I could have us at the table eating spaghetti within 30 to 60 minutes. Back in the day, I could get 10 lb tubes of dark and mixed, ground turkey VERY cheaply. I used to take out my stock pot and cook up 10 pounds of sloppy Joe mix. Mine had more veggies than say canned Manwhich and still cooked up at 20% to 25% of the cost of the canned stuff with less salt and no high fructose corn syrup save what might have been in the keydup if I used the ketchup shortcut. I was running running a good amount cheaper if I didn't use the sloppy Joe seasoning packets too. Again, I froze most of this and it became a quick meal too.
Great video. You got this, I can not wait to see how your journey goes.. I love this budget community, we all budget differently but we all have the same goal in the end. To become debt free. I am in over $300 K in debt myself and I'm on the same journey. Good luck and I am a new subscriber. TFS your journey with us. 😊❤
Thank you!! Yes my 1st cash stuffing & debt update video is coming this Friday 💜 I’ve been sticking to my plan and this community is awesome! You ladies are so encouraging, I love it here 🥰💜
You got this! Stay focused and consistent and it will work out. What helped me was paying down the smaller debt first. I don’t like a lot of bills, more chances to miss a payment, so while I know some have higher interest rates, I would knock out the little ones first and free up money to put toward the next one. Try not to overwhelm yourself and just know that it will take time, but probably not as much as you think once you intentionally work to address the issue. We’ve all been there, so don’t beat yourself up about it. Just make a doable plan and stick to it.
Thank you sis! I had been really battering myself about my financial choices, without doing anything to make it better. So I’m excited and encouraged to be on this journey of debt paydown! Cannot wait until I can say I’m debt free!!! I’m going to celebrate for a month 😂😂
Mortgage isn’t usually considered consumer debt, it’s understand that will take time to pay off. That being said I am mortgage free because I included it as a debt amount and attacked the hell out of it lol wish you all the best!
You can do this! Once you start using a zero based budget you will be freed from the stress and be able to pay that debt off. 😊 here to be part of your journey, just subscribed!
You're going to do great. If I can give any advice, it's to go easy on yourself if you slip up. It's hard to change all that behavior at once! And celebrate every win!
Do you meal plan? There was a time that I meal planned with lunches being the meal of primary focus. There were 4 of us with varying amount of time to eat, refrigerator access, microwave access, vending machine or cafeteria access, and of course time of day or actual meal. 3AM or not, I called the mid work shift meal break "lunch". Of course there were break time snacks, beverages, etc...too. I actually planned for the lunches and work place fare and actually cooked, chopped, and portioned food for lunches. Dinners were some compilation of left overs and other foods. Many people use dinner left overs and what ever else can be scraped from the for lunches. I did the opposite.
Comgrats for finding $600/ month in the current budget for paying down and off debt! First add no more debt. Secind get caught up. Third pay on time. Fourth pay down debt. I STRONGLY recommend that you put the 0% interest loan with a due date of 7/23 as number 1. With a balance of $1267 at the time of this debt confession, and three-ish months (May, June, July) you need to be paying $423 per month with the Juky payment by the 23rd, to hot end up paying all of that interest. Getting caught with the bubble payment is the same as adding more debt. If I read your debt confession, you are already paying $200 per month which means that to come up with $423, you need to add an additional $223 in May, June, and July. Depending upon what time of the month you're paying this bill, you may need even more to be able to meet the July 23rd deadline. EXCEPT you may need to remit the July payment a couple of days, maybe a week, ahead of time to ensure it gets posted by the 23rd. The good news is that from what I can tell you've established a $200/ month minimum payment on the stove loan. Getting this loan paid off would add an additional $200 to the budget enabling you to up the snowball amount to $800 per month. Whether you use the (600-223) $337 leftover from the excellerated stove repayment on CIWT or go for the gusto with the full $600/ month on the stove, IF you can get the stove paid off by July 23rd you will have $800 per month in August to pay down debt. $800 per month should pretty much wipe out debt #1 and #2 by sometime in October at the latest. In your debt confession, CITW was 1475 and CIPL was 485 for a sum of $1960; (1475+485). Three months of $800 per month comes up to $2400 which should cover $1960 plus any interest payments (we should hope to shout that $440 would cover interest). Getting these two additional debts paid off will return $55 and $25's worth of minimum payments to the budget.
And this was one of my goals for posting - I am looking for help and I so appreciate it! You’re right & I will tailor my debt paydown to pay that loan off 1st! Thank you for your insight, you painted a very clear picture ❤️
New Sub🎉🎉🎉🎉 I am super excited to watch your journey! I am on a debt free journey but have not found the courage to do a RUclips Channel 😊 I am paying off student loan debt. I started at $176,667.87 in October 2021 and my balance today is $75,000!! Thanks for sharing and I am excited to watch🎉🎉🎉🎉
Thank you ❤️ congrats on as far as you’ve come in your journey! That is truly motivating!! I’m so glad you subscribed, I’m looking for as much encouragement, motivation & suggestions I can get!!! ❤️
@@budgetinmotion You can definitely do it!!!! I love to encourage people on their debt free journey, especially us women!!! I did a lot of gig work in addition to full time work and I did get some help from family. However, I have paid the majority of it. I follow the Dave Ramsey plan and it works for me. I would say, pick a plan that works for you and just keep working. You will start to see progress and you will be okay.🎉
Don't be ashamed! You are taking responsibility for yourself and your debt! ❤ Show yourself some grace! You can do this! You learn, grow and go! You got this! New subscriber here. 😊
Now that I’m nearly 80, and do my own cooking (still), I love convenience. Pre shredded cheese? Yep. Frozen breaded chicken? Hell, yeah. Biscuits in a tube? Forgive me, y’all, but yes. I only Door Dash once a month now, when I get my Social Security check. I love getting the McBiscuit breakfast, and CJ’s biscuit & gravy.
Hey kendanpie4409!!! Yes, stick around! I’m so excited that it finally clicked and I know I have got to get this debt off of me! Good luck on your journey, you got this ❤️
Hi! This video is the first step to becoming debt free. Congrats for realizing and sharing. I am looking forward to your journey and hopefully give you encouragement to continue.
I’m in a totally different stage of life with no debt, but I have had it in the past. I know it goes slightly against the usual advice, but I would definitely pay the Stove off first and then tackle the smaller items as you should be able to kick one of those out each month for a few months. I say this because the psychological burden will be lessened and the sense of achievement should help you be motivated for tackle the bigger ones with much bigger payments. As I said it’s against the grain of the typical advice, but I just feel the psychological component has more importance in the early days. Looking forward to seeing your journey and well done for making this brave move!
Thank you for the advice Julie!! I had received a few comments saying the same, pay the stove off 1st! It makes the most sense. So I listened and changed the order of priority, making the stove what I am focusing on 1st! I appreciate your support and advice!!! I look forward to posting my debt update soon.
You can do this. You WILL do it. Keep your eye on the prize❣️🎯. Doing savings challenges keeps me energized & excited about continuing to save & not spend. (Food & makeup & candles were always my splurges.) It’s helped me so much. I’m rooting for you.
Thank you for being so brave to open up your debt confession on here. I have watched a lot of videos and listen to a lot of different budgeting ways. It looks like you have it all set up as the avalanche method. Try to look up the snowball method which is paying the lowest balance off first regardless of interest rate. This makes people pay thing off faster and become more intentional on their spending. You could pay NFCR off first month and put some toward the CIQS then pay it off the next month if you are able to throw $600 toward debt extra every month. Then that will give you an extra $50 to Throw toward debt every month that you would normally be paying minimum payments with. This will take 2 loans out within the first 2 months. I hope this helps out.
The cost of beverages adds up FAST and we are coming into summer. Back in the day, I spent the money on Snapple in the glass bottle with great metal lids. I drank the Snapple but saved the bottles which I washed and reused for months. For myself, I began with 5; one per work day. After a bit, I increased the number to about 8. A comparable bottle today would be something like "Hubert's Lemonade" which we can find at Walmart around here. Its not cheap but when I buy this type of thing, I consider it the cost of buying the food storage container more so than the containers contents. For myself, I used to make sweet tea from water heated to a rolling boil in the microwave. I happened to own something like an 8 cup, Pyrex measuring cup. Ild boil the water in the microwave, wait 30 seconds or so, drop my tea bags in, let steep until good and dark, add my sugar, add my lemon juice, stir well, use a funnel to fill my bottles, then let the bottles sit in the counter until cool enough to put into the fridge. For myself, I usually rinse the measuring cup for another round; sugar inhibits the tea's brewing. I found that a sterilized bottle of tea made from microwafed water could last abiut a good 3 days without refrigeration in the car in the summer; worked fine during the work day without refrigeration too and while not icy cold, tasted OK warm. To sterilize my jars and lids, I added a kiss of bleach to fresh dish water and let soak "a bit" (seconds and minutes, not minutes and hours) before jiggling soapy water in them and rinsing well. Often, I made tea for the week on my (last) day off so all I had to do was grab from the fridge on my way out. - At the time, I could make, a bottle of sweetened lemon tea for about $.10 to $.20 each and what was available at work cost $1.50 each.
You have a really good plan. I've been doing the cash budget system since January of this year and it's been amazing! It really does help you be more mindful of the money that you are spending. I have been saving my $1 and $5 bills each time I get change back from a purchase: I have saved over $700 in 1's and 5's since January. My cat needed emergency surgery and I was able to use that saved cash for that unexpected expense. I applaud your self-reflection skills as well: you've got this!
Kyara!! Thank you. That’s awesome that you were able to afford emergency surgery for your cat just by saving $1 and $5 bills for a few months! Very inspiring. I am going to post my 1st debt update & cash stuffing on 5/19! I’m so excited to finally start paying it down.
This is exciting and I am excited for you! I have come to love learning about personal finances. I support your journey and will be tagging along for the ride. YOU'VE GOT THIS!
If you find yourself really wanting a coffee on the way to work, while at work, and then of course in the way home from work - Consider making an "investment purchase" of a decent sized and quality, metal thermos; Stanley comes to mind. Skip the pretty, little, and shiney 10oz thermises marketed "for the office" and the same cost as a much bigger metal thermos. Some of the bigger, less expensive thermouses don't keep coffee warm worth a darn. To use, add all your fixings and top with coffee. At the tend of the day, asap, at least rinse your Thermos so that the fixings dint turn rancid; often you can get away with actual washing in the morning as you're brewing your next pot. If you drink iced coffee, pour what's remaining at the end of the night over ice. A Stanley thermos will probably cost between $25 and $50 with bigger sizes harder to find and more expensive yet. The average Starbucks now costs $7.50 which translates into just about 7 cups at $50. Of course, you have to figure in the cost of coffee and fixings too before you can consider your self breaking even on the thermos purchase but, you get the idea.
Terry - you have dropped some gems here that I am not grateful for but will also implement in my overall debt free journey! Stick around, I’m gonna definitely do some “money savings tips” and shout you out for this one!! Very much appreciated ❤️❤️
A teacher can present topics, explain and guide problem solving, and make strategic assignments. They cannot open up thier students' brains and dump in "learning". The same with a therapist and thier clients.
Food for thought! I originally got a therapist because it was trendy, I know…shameful smh but I kept going because I started realizing I needed help, however, I wouldn’t work as hard as I know I can on actually helping myself.
Now that you've put your business out there, we're all gonna stay on your a** lol (j/k). I can't imagine how hard it was to have to this reality on paper. I used to have a ton of cc debt until I literally woke up one day and decided enough is enough. It took some time and a lot of sacralfices were made but I have no credit card debt; I pay off my cc every month (I use the $0 method and split the amounts between 2 cards since both earn cash back, one earns travel points) and have managed to start saving for a variety of areas in my life. You ARE going I have days of frustration but I promise you that it WILL change as you see your balances decrease. You have already made the first and best step ever, which is acknowledging that you have this debt and you're willing to face it. Me and the people watching and commenting want you to do well and eliminate your debt. My one suggestion about cutting down on eating out...treat yourself ONCE a week and put the rest toward your debt. Also, if you're used to spending frivolously, make a list of the things you want with prices, then divide the price by how much you make an hour. Do you really want to work that many hours for ONE product? It made me evaluate my spending significantly and now I only buy with intention. I do treat myself, but I think about how much work I had to do to afford it and have figured out when it's worth it vs not worth it. I wish you well on your financial journey and can't wait to see you debt free❤🙏🏾
My total and complete debt is under 6k and I’m just looking at it 🫥all I see is interest building. I hope to have it completely cleared by the end of this year. I feel like I can do the things I need/want to do with that hanging over my head. I wish I knew how to use my credit cards better.
I hate the feeling of knowing I have this debt. Didn’t used to bother me, that is a problem in itself. You can definitely clear it, just be honest with yourself on where you see yourself in the future. The interest is torture lol we will get better ❤️
I’m so inspired by all the RUclipsrs showing how they’re gonna become debt free. I had $20k of consumer debt, and it wasn’t until I did my taxes that I realized how much I overspend on groceries and Amazon.😮🤦🏾♀️ All this time I’ve been paying on credit cards but not paying them off. I have a 0 balance today on my Amazon card!💃🏾 Still fighting the good fight on this debt-free journey, and I’m actually going to live within a budget and VERY low spending this year. I even tracked what I buy at the grocery store, and we end up throwing away. Sometimes I’m not even going to buy groceries for the week. We’ll eat out of the pantry and freezer. Every dollar counts. You got this, sis!
Amazing! Congrats on paying off your Amazon card! I had no idea how much I was spending on food until I tracked it 🤦🏾♀️ I couldn’t believe it. Wishing you lots of luck on your journey ❤️
Consider ordering groceries online. I started doing that and cut my spending by 25% by not just picking up food with no plans and over spending
@@laurarose6829 good idea! I’m adding it to the list, thank you ❤️
@@laurarose6829 I’ve thought about that before, but I like picking my own produce. Last weekend, I was short on time, so I went in with my list and told myself “you only have ten minutes to get in and out.” No need or time to think about grabbing anything extra that way.
@@EbonyRivers1 The store picks out better that I can!
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment
Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.
Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $3million in that time frame.
@@hermanramos7092 Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my stock portfolio and plan my retirement
@@Oly_laura The adviser I'm in touch with is 'Catherine Morrison Evans, she works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me his strategy works hence my result. he provides entry and exit point for the securities I focus on.
You will get there. Just be consistent. I had 280k debt including my mortgage, home improvements (windows, porch, water proof basement), student loans, medical, and a used car. Not a single penny was credit card debt. I thought i could hold off on the home project, but the porch was about to collapse and take front of the house. The basement started having water issues that were getting worse, and honestly the windows were needing to be replaced. I could have waited maybe another year but I got great discounts. So I don't regret any of my debt.
I started slowly tackling my debt more in 2017 and today I'm down to 22k left on my mortgage and nothing else. Lost my job in 2020 for a year due to the pandemic, but in 2021 I finished all none mortgage debt. The pandemic opened my eyes real quick and I went extra super hard in 2021 trying to recover. It's only me and I had to make those minimum payments with no money coming in except unemployment. I had already paid off my student loans so those being paused didn't impact me. I was so grateful to my past self for starting in 2017 or i would have been screwed.
I have a bonus next month that will go straight to the mortgage balance so with that and a couple side gigs I am aiming for 100% debt free by September 2023. It has been a long road but i finally see the light at the end of the tunnel. I turn 33 next year and the weight off my shoulders is worth it. I sacrificed and now it's almost over.
You will be able to pay this off if you stay accountable and consistent!
Thank you so much for your words of encouragement and for sharing your journey. It’s very motivating and I want to congratulate you for doing what so many people are unable to do!! Keep going & I promise I will too! ❤️
@@budgetinmotion also as you go think about all the interest you're not going to have to pay if everything went full term. I looked at each one of mine. By paying off everything earlier, it will total up to a whopping savings of a little under 90k of interest. Most from my mortgage not being the 360 months. But still that's a good chunk of money
@@CH-bi8tl you’re absolutely right!! As it stands right now, I’m drowning in interest and barely scraping any principle down. So I can’t wait to start seeing the amount of money going towards interest decrease
Mama, you got this! The cost of eating out is insane. I pay myself $30 each paycheck and that is my budget for personal spending in anything I want. I’m glad you were able to put the debt down in writing because this action is the shock that will move you to make changes. I wish you all the success in your journey. Thank you for sharing.
Thank you!!! Food prices and my bad spending habits as it relates to everything, food included, was taking a toll on me! Lol I’m going to get better at my food budget
Her transparency and acknowledgment of debt is courageous. I am 59 years old and lost everything when I exited an abusive relationship. Yet he left me with 30k in debt. The first step is forgiveness. Discipline and consistency was the highest form of respect for my future self. She is on the right track and I’m glad she is sharing her journey. My channel is about a single woman on a debt free journey as well as navigating life as a single person.
@@unfoldingwithgrace3640 can’t wait to see your journey & progress! Subscribing now!!!!
Yup… I just wrote my debt down a few weeks ago and it was depressing… I got the itch last weekend to do some fall shopping for things I do NOT need, so I went back to my debt list and watched some videos and it literally took that itch away!! I had to be brought back to the reality of my debt!!
First off, do not be ashamed, the first step is recognizing your debt. the second step is making a plan, third step CASH ENVELOPES and zero based budget. You are well on your way. I started my debt free journey January of 2022 with $150K and I am happy to say I am now at $75K. Picked up as many shifts as I could to pay off debt. This year 2023, I will pay off more! Plus, I have savings! YOU GOT THIS!
You got this! You are brave for sharing and strong for recognizing you need and want to tackle and get rid of the debt!
Thank you!
I'd pay #2 off entirely. Get a good win. Then #1. You've recognized this as a problem and have a plan👍 Rooting for you!
Hey, that fact that you put everything on paper, looked at it and said to yourself “it’s gonna be tough but I will do it”, first step to win this game. You can do it, I personally going through same debt free journey, not easy yes, but one day debt free scream will put a dot on my broken financial tree.
Thank you so much for the words of encouragement, it’s motivating!! Good luck to you on your debt free journey.
It might be embarassing how much you spend on takeout -- but it is also encouraging. You HAVE that money that could be redirected elsewhere just by forming a few new habits around looking ahead at future food needs.
You are absolutely right Sarah! Putting my spending on paper was an eye opener.
My wife and I cut up our credit cards 25 years ago. Never missed them. Put three kids through school. Home and cars paid off. My wife nor I went to college.
I did the same thing.. I didn’t need a new car and I got one anyway. I still owe $35k on it, a year later. 💀💀
We’ll get it paid off in due time 🤞🏾
I just canceled my DoorDash monthly subs! Found myself in quite a bit of what you said. Thanks for sharing! Uve got this!!
Your positive mindset will grant you success. You’ve got this
writing down your finances or getting into the habit of using a calculator somehow sets you up to be more mindful of how you spend. i would watch Dave Ramsey, he has baby steps and tons of inspirational advice on how to free yourself from debt.
Dude, good for you. Nothing like facing your dark side and not liking it. But doing it anyway.
It’s a first step. I send you my blessings! You can do it!
Thank you Aimee 💜 I believe I can!!
Sending you positive vibes in reducing your debt and decreasing your feelings of shame! I wish we were taught financial literacy as a requirement in school. Thank you for sharing your story and we believe in you!
Lastly, I wanted to say that I LOVE how you are keeping your therapy appointments and prioritizing YOUR mental health. I used to think therapy was expendable when it came to my budgeting, but I now reframe it as an investment in myself and a way I can continue to growth holistically. I like you viewed as something that prevents you from spiraling - facts!
Thank you for the positive vibes & thoughtful words of encouragement! 💜
You will never regret having made this decision. It will change your life and you will never go back to your old ways. We will keep you in prayer. God bless you! I cannot wait to see your progress as you post. ❤
Thank you for the encouragement & your kind word. I wholeheartedly believe that I will make it out if this! I know it won’t be easy but I’m willing to sacrifice the now for the later!! ❤️
I wouldn’t include mortgage but besides that, you got this! ‼️
Thank you 💜
Older video but new subscriber 🎉 thank you for being so transperant :)
It is okay, I'm glad you have a plan to see yourself on the other side, good luck
It’s a great plan! I’d really think about just hitting your #3 goal as #1 so you definitely have it paid off before July 1st those companies are notorious for trying to finagle the back up interest our of people. With your $600 snowball plus your $200 payment you’d have it paid off in 2 months with extra snowball leftover. Good Luck!!
I think you’re right Jacqueline. I’m going to change my payoff plan to get that stove loan paid off 1st so that I don’t deal with the interest. Thank you so much for this suggestion!! Never thought I’d receive such great advice by posting this video, it’s much appreciated ❤️
The best news is so far with just this plan and income, the first debt will be clear in 3 months and that includes interest... so u got this!!
Thank you ❤️
This is an awesome plan! So excited to see your journey!
Hi , I saw your video . I thought you take all your date and put it all together and have one payement you could go to your bank and explain everything . I all ready passed by there 😊 you are courageous and on the right path 😊
I'm excited to see your journey. I can kick myself too about not making a payment on student loans during the pandemic but nothing I can do about that. I'm on my own debt payoff journey (64k). We can do it!
You’re going to be ok. Take your time. I’m looking forward to your other videos and your debt free journey. We’ve all felt ashamed of our debt. We made that first step to get rid of it. See ya soon ❤❤
Thank you 💜💜
Hey girl! I’m here showing support
I love your debt confession. Especially when you mentioned the therapy piece of it. Me realizing I had to stop avoiding therapy is what started my budgeting journey because I also realized I couldn’t afford it. Getting help with the causes of the overspending would be key for me too. I’m right here with you ❤️. New subbie
Absolutely no judgement, most people that I know are in the same boat. You should be so proud of yourself 👏. I will continue to watch your brave journey ❤
Thank you Kathy, I appreciate you 💜
Great video. You’re on the right track!
you are brave showing this! you inspire me to start as well
We will pay this off! ❤
Say that!!! 💜
New subbie, confronting my food spending was the best thing ive done it helped me find those hidden pennies.
Thank you! Isn’t it crazy how food spending will throw a budget completely out of line if not controlled?! Lesson learned!
Subscribed. You totally understand your overspending. I already think you're on the right track to success. Cash stuffing works.
Rosemarie!!! Thank you! I’m trying to grasp it but I will tell you this, I’m not going backwards! I’m so glad you subscribed so that you can be apart of my journey! I will def need the encouragement lol ❤️
Seeing my spending on takeout was a huge eye opener for me too!! Since seeing it I adopted the envelope cash stuffing and zero budget method. It isn’t only helping my finances but also improving my health. Lost about 30 lbs and now in a healthy pregnancy weight. Knowing where we stand is the hardest step. At its peak I believe I had over $1000 on food expenses 🤦🏽♀️🤦🏽♀️🤦🏽♀️
Don't beat up on yourself. You're on your way to becoming debtfree! You got this!! New subscriber. ❤️ 🎉❤
Sounds like a great plan. Best of luck!
You can definitely do this, I would say use the debt snowball, smallest to largest balance. Listen to the Dave Ramsey show for motivation it will definitely inspire you.
Thank you for your transparency and honesty. Cheering you on! You got this
If you like convince, look into what is called batch cooking. Also look into what are called freezer meals. For myself, i moved into batch cooking because I don't like washing pots n pans; and I freely use my refrigerator freezer. We don't do spagjetti any more but, backmin the day I would prep a day ahead as needed then take a day to cook spaghetti sauce in the biggest stock pot I owned. I began by browning my ground meat in the bottom of my stock pot with a mess of diced onions, minced garlic, black pepper, and Italian herb seasonings. Depemdimg upon the fat percentage, I would drain my meat saving what I drained to be put in the fridge or freezer to defat; I returned any juices to the pot. I used canned tomato sauce more often than not as my spaghetti sauce base; I don't like tomato paste. Then I added shredded carrot, sometimes fresh broccoli turned into a meal in the food processor (it works great to thicken the sauce and add texture), more diced opinion, sometimes, more garlic, sometimes a splash of red wine or worstershire sauce, often finely diced sweet peppers, etc... Usually I did not add cooked sausage crumbles nor cheeses. Then I let simmer on low, the flavors meld, and the sauce reduce for a couple of hours stirring probably abiut once a half hojrnor so to get the bottom contents to the top. Once cooked, I let sit until cool enough to freeze; sometimes until the next day. We would have spaghetti for dinner on spaghetti sauce cooking day but most of it was frozen in meal,sized portions as my emergency back up meal. Even if I didn't get it our of tge freezer to thaw ahead of time, withntgecaide of the microwave,, I could have us at the table eating spaghetti within 30 to 60 minutes.
Back in the day, I could get 10 lb tubes of dark and mixed, ground turkey VERY cheaply. I used to take out my stock pot and cook up 10 pounds of sloppy Joe mix. Mine had more veggies than say canned Manwhich and still cooked up at 20% to 25% of the cost of the canned stuff with less salt and no high fructose corn syrup save what might have been in the keydup if I used the ketchup shortcut. I was running running a good amount cheaper if I didn't use the sloppy Joe seasoning packets too. Again, I froze most of this and it became a quick meal too.
Great video. You got this, I can not wait to see how your journey goes.. I love this budget community, we all budget differently but we all have the same goal in the end. To become debt free. I am in over $300 K in debt myself and I'm on the same journey. Good luck and I am a new subscriber. TFS your journey with us. 😊❤
Thank you!! Yes my 1st cash stuffing & debt update video is coming this Friday 💜 I’ve been sticking to my plan and this community is awesome! You ladies are so encouraging, I love it here 🥰💜
You got this! Stay focused and consistent and it will work out. What helped me was paying down the smaller debt first. I don’t like a lot of bills, more chances to miss a payment, so while I know some have higher interest rates, I would knock out the little ones first and free up money to put toward the next one. Try not to overwhelm yourself and just know that it will take time, but probably not as much as you think once you intentionally work to address the issue. We’ve all been there, so don’t beat yourself up about it. Just make a doable plan and stick to it.
Thank you sis! I had been really battering myself about my financial choices, without doing anything to make it better. So I’m excited and encouraged to be on this journey of debt paydown! Cannot wait until I can say I’m debt free!!! I’m going to celebrate for a month 😂😂
Well done on the video! Very clearly explained. I wish you nothing but good things ❤
Thank you 💜
Great video and a wonderful plan!!! I cannot wait to follow you on this journey! 🤑
Thank you!!
You got this!!
Thank you!!!
Mortgage isn’t usually considered consumer debt, it’s understand that will take time to pay off. That being said I am mortgage free because I included it as a debt amount and attacked the hell out of it lol wish you all the best!
You can do this! Once you start using a zero based budget you will be freed from the stress and be able to pay that debt off. 😊 here to be part of your journey, just subscribed!
Thanks for subscribing! I just subscribed to your channel as well!! I appreciate the kind words & support 💜
You got this 🎉 … you have a plan and you have the will … go for it!!!! ❤❤❤
Thank you Nic ❤️ Yes I’m def sticking to the plan, there’s no turning back now!
This was such a great video! Especially, the part where you took the time to talk about your plan!! ❤
You're going to do great. If I can give any advice, it's to go easy on yourself if you slip up. It's hard to change all that behavior at once! And celebrate every win!
Thank you! I am so close to have 1 debt paid off & I will definitely celebrate! 💜
Do you meal plan? There was a time that I meal planned with lunches being the meal of primary focus. There were 4 of us with varying amount of time to eat, refrigerator access, microwave access, vending machine or cafeteria access, and of course time of day or actual meal. 3AM or not, I called the mid work shift meal break "lunch". Of course there were break time snacks, beverages, etc...too. I actually planned for the lunches and work place fare and actually cooked, chopped, and portioned food for lunches. Dinners were some compilation of left overs and other foods. Many people use dinner left overs and what ever else can be scraped from the for lunches. I did the opposite.
New subbie alert ‼️ stay encouraged…you can get out of this with hard work and consistency. You’re not alone!!!
Thank you so much!! Just knowing there are people out here who are on a debt free journey of their own helps me want to keep fighting on my journey!!
Comgrats for finding $600/ month in the current budget for paying down and off debt!
First add no more debt. Secind get caught up. Third pay on time. Fourth pay down debt.
I STRONGLY recommend that you put the 0% interest loan with a due date of 7/23 as number 1. With a balance of $1267 at the time of this debt confession, and three-ish months (May, June, July) you need to be paying $423 per month with the Juky payment by the 23rd, to hot end up paying all of that interest. Getting caught with the bubble payment is the same as adding more debt. If I read your debt confession, you are already paying $200 per month which means that to come up with $423, you need to add an additional $223 in May, June, and July. Depending upon what time of the month you're paying this bill, you may need even more to be able to meet the July 23rd deadline. EXCEPT you may need to remit the July payment a couple of days, maybe a week, ahead of time to ensure it gets posted by the 23rd.
The good news is that from what I can tell you've established a $200/ month minimum payment on the stove loan. Getting this loan paid off would add an additional $200 to the budget enabling you to up the snowball amount to $800 per month. Whether you use the (600-223) $337 leftover from the excellerated stove repayment on CIWT or go for the gusto with the full $600/ month on the stove, IF you can get the stove paid off by July 23rd you will have $800 per month in August to pay down debt.
$800 per month should pretty much wipe out debt #1 and #2 by sometime in October at the latest. In your debt confession, CITW was 1475 and CIPL was 485 for a sum of $1960; (1475+485). Three months of $800 per month comes up to $2400 which should cover $1960 plus any interest payments (we should hope to shout that $440 would cover interest). Getting these two additional debts paid off will return $55 and $25's worth of minimum payments to the budget.
And this was one of my goals for posting - I am looking for help and I so appreciate it! You’re right & I will tailor my debt paydown to pay that loan off 1st! Thank you for your insight, you painted a very clear picture ❤️
You got this !! 👏🏾👏🏾🤞🏾🤞🏾
Thank you!!! 💜
Good job! You’ll be ok in the end.
Thank you! I believe that as well 💜
New Sub🎉🎉🎉🎉 I am super excited to watch your journey! I am on a debt free journey but have not found the courage to do a RUclips Channel 😊 I am paying off student loan debt. I started at $176,667.87 in October 2021 and my balance today is $75,000!! Thanks for sharing and I am excited to watch🎉🎉🎉🎉
Thank you ❤️ congrats on as far as you’ve come in your journey! That is truly motivating!! I’m so glad you subscribed, I’m looking for as much encouragement, motivation & suggestions I can get!!! ❤️
@@budgetinmotion You can definitely do it!!!! I love to encourage people on their debt free journey, especially us women!!! I did a lot of gig work in addition to full time work and I did get some help from family. However, I have paid the majority of it. I follow the Dave Ramsey plan and it works for me. I would say, pick a plan that works for you and just keep working. You will start to see progress and you will be okay.🎉
Don't be ashamed! You are taking responsibility for yourself and your debt! ❤ Show yourself some grace! You can do this! You learn, grow and go! You got this! New subscriber here. 😊
New here! You got this!
Thank you ❤️
Great video. A mortgage is not considered consumer debt.
Now that I’m nearly 80, and do my own cooking (still), I love convenience. Pre shredded cheese? Yep. Frozen breaded chicken? Hell, yeah. Biscuits in a tube? Forgive me, y’all, but yes. I only Door Dash once a month now, when I get my Social Security check. I love getting the McBiscuit breakfast, and CJ’s biscuit & gravy.
I’m here for the journey. I’m at the beginning of mine.
Hey kendanpie4409!!! Yes, stick around! I’m so excited that it finally clicked and I know I have got to get this debt off of me! Good luck on your journey, you got this ❤️
Hi! This video is the first step to becoming debt free. Congrats for realizing and sharing.
I am looking forward to your journey and hopefully give you encouragement to continue.
Regina, thank you for your kind words & support! I will continue to keep you all updated on my journey, ups & downs! 💜
I’m in a totally different stage of life with no debt, but I have had it in the past. I know it goes slightly against the usual advice, but I would definitely pay the Stove off first and then tackle the smaller items as you should be able to kick one of those out each month for a few months. I say this because the psychological burden will be lessened and the sense of achievement should help you be motivated for tackle the bigger ones with much bigger payments.
As I said it’s against the grain of the typical advice, but I just feel the psychological component has more importance in the early days.
Looking forward to seeing your journey and well done for making this brave move!
Thank you for the advice Julie!! I had received a few comments saying the same, pay the stove off 1st! It makes the most sense. So I listened and changed the order of priority, making the stove what I am focusing on 1st! I appreciate your support and advice!!! I look forward to posting my debt update soon.
You can do this. You WILL do it. Keep your eye on the prize❣️🎯. Doing savings challenges keeps me energized & excited about continuing to save & not spend. (Food & makeup & candles were always my splurges.) It’s helped me so much. I’m rooting for you.
Thank you Tammy 💜💜
@@budgetinmotion 💜💜💜
Thank you for being so brave to open up your debt confession on here. I have watched a lot of videos and listen to a lot of different budgeting ways. It looks like you have it all set up as the avalanche method. Try to look up the snowball method which is paying the lowest balance off first regardless of interest rate. This makes people pay thing off faster and become more intentional on their spending. You could pay NFCR off first month and put some toward the CIQS then pay it off the next month if you are able to throw $600 toward debt extra every month. Then that will give you an extra $50 to
Throw toward debt every month that you would normally be paying minimum payments with. This will take 2 loans out within the first 2 months. I hope this helps out.
It definitely helps a lot. Thank you for the suggestions & kind words of encouragement 💜
The debt snowball method will be performed you. Those 1st 5 debts will be paid off in no time.
Great video! You got this! It won’t happen over night, but it’s very do-able!
Thank you!!
You’ve got a great plan! Stick to it and keep posting your progress. You’ve got this:)
Thank you & I definitely will continue to post my journey!! ❤️
The cost of beverages adds up FAST and we are coming into summer. Back in the day, I spent the money on Snapple in the glass bottle with great metal lids. I drank the Snapple but saved the bottles which I washed and reused for months. For myself, I began with 5; one per work day. After a bit, I increased the number to about 8. A comparable bottle today would be something like "Hubert's Lemonade" which we can find at Walmart around here. Its not cheap but when I buy this type of thing, I consider it the cost of buying the food storage container more so than the containers contents.
For myself, I used to make sweet tea from water heated to a rolling boil in the microwave. I happened to own something like an 8 cup, Pyrex measuring cup. Ild boil the water in the microwave, wait 30 seconds or so, drop my tea bags in, let steep until good and dark, add my sugar, add my lemon juice, stir well, use a funnel to fill my bottles, then let the bottles sit in the counter until cool enough to put into the fridge. For myself, I usually rinse the measuring cup for another round; sugar inhibits the tea's brewing. I found that a sterilized bottle of tea made from microwafed water could last abiut a good 3 days without refrigeration in the car in the summer; worked fine during the work day without refrigeration too and while not icy cold, tasted OK warm. To sterilize my jars and lids, I added a kiss of bleach to fresh dish water and let soak "a bit" (seconds and minutes, not minutes and hours) before jiggling soapy water in them and rinsing well. Often, I made tea for the week on my (last) day off so all I had to do was grab from the fridge on my way out. - At the time, I could make, a bottle of sweetened lemon tea for about $.10 to $.20 each and what was available at work cost $1.50 each.
You have a really good plan. I've been doing the cash budget system since January of this year and it's been amazing! It really does help you be more mindful of the money that you are spending. I have been saving my $1 and $5 bills each time I get change back from a purchase: I have saved over $700 in 1's and 5's since January. My cat needed emergency surgery and I was able to use that saved cash for that unexpected expense. I applaud your self-reflection skills as well: you've got this!
Kyara!! Thank you. That’s awesome that you were able to afford emergency surgery for your cat just by saving $1 and $5 bills for a few months! Very inspiring. I am going to post my 1st debt update & cash stuffing on 5/19! I’m so excited to finally start paying it down.
@@budgetinmotion Im excited for your next post! Accountability is a real game changer: thank you for posting your journey!
You are so brave! Believe in yourself and you will succeed, your plan sounds great.
Thanks Ronda!! It was hard for me to record & put it out there but I’m very excited to have made the 1st step in my journey ❤️
You need "The mother plan" tracker. It's very helpful. :)
I will look into that, thank you!
This is exciting and I am excited for you! I have come to love learning about personal finances. I support your journey and will be tagging along for the ride. YOU'VE GOT THIS!
Thank you 💜
Have u ever tried to call the cc company to see if they will lower interest rates
I’ve heard about people doing this but I’ve never done it. I should at least try. Thanks for the tip!!
@@budgetinmotion yes girlie save your money to pay down quicker. Look forward to seeing if u could get them to budge
P.s. I love your handwriting
LOL!! Thank you!
If you find yourself really wanting a coffee on the way to work, while at work, and then of course in the way home from work - Consider making an "investment purchase" of a decent sized and quality, metal thermos; Stanley comes to mind. Skip the pretty, little, and shiney 10oz thermises marketed "for the office" and the same cost as a much bigger metal thermos. Some of the bigger, less expensive thermouses don't keep coffee warm worth a darn. To use, add all your fixings and top with coffee. At the tend of the day, asap, at least rinse your Thermos so that the fixings dint turn rancid; often you can get away with actual washing in the morning as you're brewing your next pot. If you drink iced coffee, pour what's remaining at the end of the night over ice.
A Stanley thermos will probably cost between $25 and $50 with bigger sizes harder to find and more expensive yet. The average Starbucks now costs $7.50 which translates into just about 7 cups at $50. Of course, you have to figure in the cost of coffee and fixings too before you can consider your self breaking even on the thermos purchase but, you get the idea.
Terry - you have dropped some gems here that I am not grateful for but will also implement in my overall debt free journey! Stick around, I’m gonna definitely do some “money savings tips” and shout you out for this one!! Very much appreciated ❤️❤️
New subbie❤
Thank you 💜
A teacher can present topics, explain and guide problem solving, and make strategic assignments. They cannot open up thier students' brains and dump in "learning". The same with a therapist and thier clients.
Food for thought! I originally got a therapist because it was trendy, I know…shameful smh but I kept going because I started realizing I needed help, however, I wouldn’t work as hard as I know I can on actually helping myself.
You are definitely not alone. I've just started a new debt free journey. It's hard but worth it. Cant wait to see your updates! ❤😊
You sound like you know what to do. Now put that plan to work for you. You can do this.
❤❤❤
Hold up…is this ur handwriting?! Baby, who raised you?! My handwriting looks like I used my left foot with my eyes closed.
Now that you've put your business out there, we're all gonna stay on your a** lol (j/k). I can't imagine how hard it was to have to this reality on paper. I used to have a ton of cc debt until I literally woke up one day and decided enough is enough. It took some time and a lot of sacralfices were made but I have no credit card debt; I pay off my cc every month (I use the $0 method and split the amounts between 2 cards since both earn cash back, one earns travel points) and have managed to start saving for a variety of areas in my life. You ARE going I have days of frustration but I promise you that it WILL change as you see your balances decrease. You have already made the first and best step ever, which is acknowledging that you have this debt and you're willing to face it. Me and the people watching and commenting want you to do well and eliminate your debt. My one suggestion about cutting down on eating out...treat yourself ONCE a week and put the rest toward your debt. Also, if you're used to spending frivolously, make a list of the things you want with prices, then divide the price by how much you make an hour. Do you really want to work that many hours for ONE product? It made me evaluate my spending significantly and now I only buy with intention. I do treat myself, but I think about how much work I had to do to afford it and have figured out when it's worth it vs not worth it.
I wish you well on your financial journey and can't wait to see you debt free❤🙏🏾
Thank you so much for you kind words & support 💜 and congrats to you on clearing your credit card debt! I’m on my way!!!
My total and complete debt is under 6k and I’m just looking at it 🫥all I see is interest building. I hope to have it completely cleared by the end of this year. I feel like I can do the things I need/want to do with that hanging over my head. I wish I knew how to use my credit cards better.
I hate the feeling of knowing I have this debt. Didn’t used to bother me, that is a problem in itself. You can definitely clear it, just be honest with yourself on where you see yourself in the future. The interest is torture lol we will get better ❤️
Subscribed, you can do it! Paying down $36k of consumer debt myself - let’s do thisss 🤍🤍
Thank you ❤️ And congrats on your debt payoff journey!! We got this!!!
You got this!
💕💕💕💕