I worked on the snowball but once I gathered all the info on how much I was paying in interest now I’m focusing on the avalanche method! Thank you so much for explaining in this video the difference it’s crazy how ignorant I was with my credit card debt but I am thankful I am finally getting it and I believe I will be debt free in no time 🙌🏽
I used the snowball method and having a visual of my debts (listing them on a large sheet of paper and putting it on my wall) helped me stay motivated. It felt so good crossing off those debts and I cried at the progress I've made!
I combined both methods, my card had the highest interest ,and my car loan has the lowest interest, I paid off my credit card of 10,000 ,now my car will be paged off in 7 months
I am in the process of paying off debt and snow ball method works well. But one must avoid getting more smaller debts. Thank you for the wisdom you share here 🙏
I used the snowball method. Debt free except for home. At 69, not a high priority right now. Increasing available savings. House is increasing in value with inflation.
I'm using the snowball method. I also am on the IBR w my student loans but the blessing is that it's using my income pre pandemic and I don't have to recert til Dec, 2024 & the interest is being paid by DOE so any $$ is going straight to principal. So what I've done is put them all in order smallest to largest (because they aren't all one big sum, but smaller sums by disbursement). My IBR payment is $0 (so I'm actually too broke to pay😂) so I'm throwing the extra $$ i have to the smallest because it's all going to principal until I recertify. I don't qualify for the other programs, but it's good to see the balances decrease😊
What debt repayment method has worked for you? Share in the comments and thanks for tuning in!
I used the snowball method and it worked perfectly! I’m now debt free and it’s a blessing. It feels so good!
Yassssss congratulations!!!!!
I used the snowball for the last 2 years and have paid off over 10k in debt!! Now I’m saving to buy my first home 😊
AMAZING!!! Congratulations!!
I worked on the snowball but once I gathered all the info on how much I was paying in interest now I’m focusing on the avalanche method! Thank you so much for explaining in this video the difference it’s crazy how ignorant I was with my credit card debt but I am thankful I am finally getting it and I believe I will be debt free in no time 🙌🏽
I used the snowball method and having a visual of my debts (listing them on a large sheet of paper and putting it on my wall) helped me stay motivated. It felt so good crossing off those debts and I cried at the progress I've made!
I combined both methods, my card had the highest interest ,and my car loan has the lowest interest, I paid off my credit card of 10,000 ,now my car will be paged off in 7 months
That's a great way to pay debts quicker.
I am in the process of paying off debt and snow ball method works well. But one must avoid getting more smaller debts. Thank you for the wisdom you share here 🙏
Yassss 👏🏾 debt repayment content is what I most need right now! Thank you, Bola! 👏🏾
Yay thanks for tuning in!!
This is great am using snow ball to pay my debts off and save money at the same time.
I am presently trying the snow ball method. Paying more than to the minimum amount on my credit card debt
Well done!
I used the snowball method. Debt free except for home. At 69, not a high priority right now. Increasing available savings. House is increasing in value with inflation.
Yes to being debt free!! Thanks for sharing!
I'm using the snowball method. I also am on the IBR w my student loans but the blessing is that it's using my income pre pandemic and I don't have to recert til Dec, 2024 & the interest is being paid by DOE so any $$ is going straight to principal.
So what I've done is put them all in order smallest to largest (because they aren't all one big sum, but smaller sums by disbursement). My IBR payment is $0 (so I'm actually too broke to pay😂) so I'm throwing the extra $$ i have to the smallest because it's all going to principal until I recertify.
I don't qualify for the other programs, but it's good to see the balances decrease😊
My lowest debt was both snowball and avalanche. It had a high interest rate on debt.
Thank u girl..im using your channel to pay debt...save on cash
Great content as always Bola
Thanks for tuning in! ❤️
Great video...TFS!!!
Thanks for tuning in!
@@Clevergirlfinance you're welcome!
Always a pleasure seeing Bola's face :)
Thanks for tuning in
Snowball is working good for me.
Thanks. Great vid
Glad you liked it!
Such a good idea .I think avalanche will work for me.
Definitely give it a try! Thanks for tuning in!
Snowball method seems better