Here we go AGAIN! This time...it will be a different kind of journey! I am trusting God allllll the way through! If you want to pay off debt with me and you are interested in my Debt Free Journey Workbook...Here's the link ▶ stan.store/Budgettreasures/p/get-my-debt-free-journey-workbook-now
❤Thank you for sharing this, can you do one when you start your student loan payoff. I WILL BE COLLECTION FREE BY DECEMBER then all I have will be student loan
I like my discover card app to pay my bill. However, there is a feature on your credit card app that will let you see the sum total of all your debt and your credit card utilization. You don’t need to add it up yourself.
As someone who worked through a bunch of debt and credit issues twice, you can do it! The second time does feel easier because you have learned lessons. This time, it is sticking. You've got this!
One thing I did when I was in a similar situation after paying bills and putting money in savings, I'd buy a $5 to $20 gift card for my local grocery store and Amazon each pay period and set them aside. When I needed/wanted something and funds were low, I'd use the gift cards instead of the credit cards. It let me pay down the debt and build up my savings.
Queen I be so happy when people be transparent.. I can't stand when people be showing us all the cash stuffing . They stuffing thousands and thousands of dollars... never act like life be life..thank you.
@@caprispillingtheteaLSTok do I feel better to know I’m not the only one. Where do you get so much money to be stuffing almost $2k every week. Some times I’m wondering if they just saved up a months worth then keeps recycling it and make videos. I’m so cynical. 😂
Exactly! No one ever taught me. I taught myself. They learn nothing about money in school but they can list all the presidents by golly. I interview so many kids straight from college and they don’t have life skills.
I'm there now, trial and error have been my teachers. I felt so stuck. Made bad decisions while I was working full time and now I'm a stay at home mum with 2 kids and I can't afford to pay off anything or even save. I wish I could go back to 3 years ago, I currently have no childcare so I can't work and I'm just stuck. I know what to do next time, but I just need a chance to get out.
I’m following Dave Ramseys plan right now and girl that snowball is growing to pay off debt so fast! I literally hate credit cards and cannot use them again I’m done taking out loans and cards and car payment. I can’t trust myself with this so I won’t touch debt once I get free. Yes the feeling of acceptance with debt is real.
Yes, I am following Dave Ramsey's plan as well. I do have to say the sacrifices I make for my budget are significant. No getting nails done...hair done.. Anything! It is so hard!
@@Michelleminor87 I went through a sponsorship. If you go to journeytowisdomandwealth her channel has a short video with a link to a church that you can sign up for financial peace university for free. That’s how I got started.
Girl, am I in dept! 16 credit cards 😮 over 45 thousand dollars. I just purchased your book without finishing the video. I'm very excited to do this with you. I'm so happy I found you. Let's do this! ❤
Don't feel bad. Became debt free for about 3 years. Well, I fell back into the cycle. I'm currently paying my debt back off AGAIN. For some reason this second time around hit different. This is it for me. Once I get out for the second time, I'm not going back.
I went through a lot of financial crisis after my divorce, I had to raise my two kids alone, Currently I'm living smart and frugal with my money. Bought my second house already. Saving and investing lifestyle made it possible for me; even till now I earn monthly through passive income. I'm planning on retiring when my kids finish college,just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made. Great video! Thanks for sharing
Hey Joy,currently, I am in dire need of investment advice or tips. Last year, I hesitated and failed to take any action until the year concluded. However, this year, I am determined to try something new, as I am very receptive to various investment ideas.
I highly endorse the services of Regina Louise Collaro, a US-based financial advisor and consultant. Partnering with an international organization, she has been instrumental in guiding my financial journey with unwavering support until my goals are met. Selecting the right financial consultant is as crucial as finding the right life partner, as both can significantly impact your life's trajectory. I'm grateful to have found the perfect financial consultant who has helped me achieve my financial objectives, from education to nearing retirement.
I appreciate your advice. It's hard to find someone that's reliable. When I see how much you've made investing, I could really use your investment advisor. That is, if you don't mind sharing her information
I've wanted to start investing for a while. Yet, I've always considered it to be late, and I believe I should quit putting things off. I'll absolutely contact Regina Louise Collaro to ask her for advice. Much thanks. This was quite helpful to me.
I had 11 credit cards at one point and felt like I was on top of the world. I was completely delusional! I ended up having to file bankruptcy several years ago. I ended up back in credit card debt. Received 15k from a settlement last June, paid them all off. It felt great! Guess what? I’m back in credit card debt😩. I’m looking forward to paying them off again. Lord, help me! My mind has been renewed. I strive to be a good steward of God’s money! Best of luck in your (our) journey😊
This is literally my exact story! Filed for BK in 2018. Got into a little more debt, bought a house last year and now back in even more debt 🙃 We got this!
@@dcg590 Please be nice 🙏🏽 You have no idea their situation to comment that. This is a safe space platform over here. Go somewhere else with that. Please 🙃
Thank you for your honesty. Too many influencers who are good with money are telling people to use credit cards for the perks. Dave Ramsey gets bad rep for being so anti credit cards, but most people in reality have no discipline and end up in credit card debt. So thank you for your honesty and keeping it real!
I went through FPU years ago, a few years after I became a widow. It was so helpful and I paid off a fair amount in a much shorter time than I thought it would take. I cancelled three CC's but kept one. An annoyance to my FPU mentor, for sure! I use it and always know the balance. I keep the cash in my bank account and pay it off every month. I get a whole 1% in points and am not at all interested in getting another card that would "pay" me more. I use my CC as a budgeting tool, not for points. I would also NEVER recommend anyone do what I do! It takes work and a lot of financial discipline which I'm good with. About 3 yrs short of bs7 and can hardly wait!
@@impalamama7302 your brain doesn't register the pain of losing/exchanging money for the goods. Cash is the best. You have cash=you can afford it/ No cash= you can't afford it. Keeps so many people out of debt.
I've seen many people fall back into debt, and it is very similar to when you lose weight too fast and end up getting it back. Knowing you were able to get out of debt before is a double-edged sword in many cases, because you tend to think if you were able to do it before, you can do it again. And that is true for most of the people who were actually able to get out of debt, but its not a healthy relationship with money, in the same way people losing weight sometimes end up with an unhealthy relationship with food.
This is such a good point. To give my experience, I have never had consumer debt except for a car loan that I paid off and had the car for 15 years. However I was disorganized wasted/loss money. So my savings did not increase the way it should have because I did not pay attention to my spending. But once I heard that Mint was going away, I started using spreadsheets and formulas to track my spending. This has been a game changer. Expense tracking helps me to be intentional with my spending, and to understand my cash flow in semi-real time. I try to use credit cards for my spending as much as possible for a few reasons. The key is that I view the credit card like a debit card, I track every dollar and I pay it off each month. This has changed my whole relationship with money.
Girl, this has to be THE most relatable video on RUclips!!! The regrets, the courage, the faith! And how you faced it all and structured your way out of it!! You're a true role model, I wish you all the best.
This came just in time! I did the exact same thing you did! I paid off all my debt and got my credit straight to buy a house. Bought our house in 2021. Never had credit cards and stuff before... started getting approved and I went out of control. Trying to get back in control now...
I did the EXACT same thing. I got my credit together to purchase a home in 2021. I then started getting pre approved for credit cards, receiving actual loan checks in the mail, my car needed expensive repairs - I purchased an expensive vehicle etc. I am going to have to find a SOLID side hustle. My credit score is still pretty decent, but these monthly payments… Whew Chyle! I came across this video as I am deciding on the best strategy. I wish you ALL the best on your journey!👊🏾
It’s so hard because we get on the right track and start paying stuff off and can see the light at the end, but something always happens. *example- my water heater just blew up so $1000 there. My dog had an emergency 2 days later so a vet bill. It’s like life is trying to kick our butts and we REALLY want to just buy a new house and get out of the unsafe area that we’re in currently for our kids.
I got myself into and out of debt (all credit card) 3 times before finally maintaining debt free for longer. It happened every 2 years. 2015, 2017 & 2019. Always give yourself grace and never stop trying to do and be better. There is light at the end of the tunnel. I paid off my 2019 debt in 2022 and going strong. I finally got it together . You can do this!!
You have no idea how much your videos help me😩. I’m a 28 year old single mom trying to figure all of this out and get it together. Thank you for your transparency❤
I wanted to give you a hug at the raw moment of realizing where you’re starting from. I had a similar moment a couple months ago after I paid off all my debt $12k on 12-31-2020... back to 15k earlier this year. I honestly can’t tell you what I bought, like at all. I felt so much shame and still do. However, I was able to get out of debt before, so I know I’m more than capable of doing it again. Lots of lessons being learned ... some I am relearning and some are new. May God bless your journey to be debt free ❤️
omg appreciate your vulnerability. I’m in the same boat! Paid off over 10k debt between 2019-2021 and now I’m back to over 10k debt again. We can do this!!
Bestie, a snack was not gonna cut it. I needed a whole meal with a glass of wine 🍷 for this video 🤣. 24:24 I guessed $30,000! I came out of college with $120,000 in debt. I had no stable job lined up but I stayed faithful to that loan with side hustles & got it paid off in 3 years. With a plan in place, you'll have it paid off by the end of this year. Don't feel down, keep your head up. You got this bestie! ❤
You can hear the emotional toll it takes on you in your voice as the video goes on. Don’t worry babes, it’s AMAZING that you sat down and made a plan for it. This is the beginning of a great journey, so look at it in a positive light. All the money you’ll be saving in the long run not paying all that interest. You got this! 💚💚
The credit card game takes focus. Essentially you have to treat cashack cards like debit cards. Pay it off before the due date and keep your utilization ideally under 10% on each card. Keep a list of your cards and assign each a purpose if you have more than one. Grocery and gas are common categories. If you don't jet around the world you do not need a point card or any card with an annual fee and perks you can't use or convert to cash to help pay down your balances. Good luck!
I don’t know, if creditcards in the us works different than in Germany. But here in Germany you not only can make your payment at the end of the month,but you can put money on your card when ever you want. So I started to sit down in the evening and transfer the money I spend my that day back to my creditcard. This way I’m not accidentaly spent more than I have and there is no surprise bill at the end of the month
My debt started with college. I never had a credit card up until last year (I paid that mug off though), but those loans are unforgiving! I’m almost done paying off my grad loan, but it’s the undergrad that makes me want to run outside booty naked.
Thank you for being open and honest about your debt history. When I finished graduate school, I was $18K in credit card debt (a lot of the debt centered around grad school expenses) and I needed to purchase a car. I buckled down and paid off all my credit cards and bought my used car with cash ($11K) all in 1 year. I lived with my mom to save on rent during this time. It was not fun particularly being in my 20s watching my friends traveling, shopping etc. But when I sent the last credit card payment, I felt financial freedom something I had not experienced in a long time. You did it before so you can do it again. I am cheering you on so that you can experience financial freedom again. Good luck!
9/16/23....SO GLAD YOU HAD SUCH A LOW COLLEGE/GRAD AMOUNT FROM TODAY'S "HEAVY" COLLEGE FUNDING..... TOO MANY HAVE BEEN "TRICKED" INTO YEARS + YEARS OF VARIOUS INTEREST-BASED COLLEGE BAD CHOICES... LET'S HOPE THESE BIG RICH COLLEGES GET "FORCED" TO LOWER THEIR HUGE TUITIONS + PUT THEIR MILLIONS IN ALUMNI ENDOWMENTS TOWARDS SCHOOL COSTS IN THE FUTURE...
I calculated today that I can ve debt free in 4 years not considering any extra income or wage increases!! I'm excited and this video was super motivational
Good for you young lady. I'm 65, retired 10 yrs. and debt free since 2007. Financial freedom will make your life so much easier. And what I came to understand is how rich folks stay rich. The easiest way to pay off your debt is pay the minimum on the highest balance loans and pay off the lowest bill 1st. Repeat that for each bill and you can't go wrong. I put together a spreadsheet on my desktop, which made it super easy to manage. Once you reach your goal and start to save, let your money work itself. Make sure you have a wide portfolio and don't buy things that you can't afford...good luck to you.
Your transparency was so refreshing. I literally feel you on this in so many aspects..when you you admitted you was living your best life and ignoring your budget that's when I knew we really were besties! Girl. You speaking my language and making no excuses just solutions. No beating ourselves up for the mistakes we made just accept them and keep it moving. You don't know how many heart's you have touched with this video and you just gained a new bestie boo! We are in this together !
We are in this together!! Bestie!!! Now we have to live our best lives...The right way 😂. Thank you for being here and subscribing to my channel and coming along the journey with me. I appreciate you!
Please don't forget to put something towards your mortgage principal. Met a lady who lost her house after 28 years due to divorce. She told me if she had just paid $10 a month towards the principal the house would have been paid off and she wouldn't have lost it. New subscriber
Thank you for your transparency and honesty! It’s exactly what I needed to encourage me to face my own debt and get honest with myself. I felt it deeply when you said you had to walk away and regroup and just talk to God and say “God I Trust You.” I was in tears because I know in this journey there can be a lot of shame and frustration. However, through our own vulnerability He will show up for us and allow others to also be encouraged! Thank you!
Having a hight credit score is great, but most people don’t know that banks also look at your debt to income ratio. I’ve work for a financial institution for years, and the majority of people I came across have no idea that If your debt to income is above a 50%, you won’t qualify for a loan even though you have a decent credit score
I’ve been following you for almost two years and THIS video reminds me of why I do-your honesty and transparency about how your debt started is very familiar to me and relatable. I started with a $500 credit card in college and it spiraled down from there. I was able to purchase my first home this summer but I still have personal loans, three credit cards and a car loan on top of it. Never feel embarrassed or sad about your situation. The fact that you are hitting the hammer at it now rather than later is a good thing. Your “besties” are on this journey with you. We are all on the same road…just in different cars.
Thank you so much! I really appreciate your comment! I am glad that we can fix and get out of debt and it is not what I thought...LOL. We are here together!
I love real life stories like this! I’m the same! Paid everything off and purchased a home in 2020 and here I am in 2023 starting over! Funny thing is I tried the cc point thing and lost my mind too 😂😂
I need to get out of debt. I have excellent credit and not behind on anything I just have over $25,000 in credit card and loan debt. I don’t want to not pay the bills or file bankruptcy and ruin my credit. How it’s it possible when I barely have $300 to last a month after paying bills and the minimum on credit cards. We can’t survive on $300 so we keep using the credit cards it’s never ending.
I’m about to turn 30 and have so much credit card debt from trying to make ends meet! It’s seemed so daunting to tackle it, but your videos really have helped me out and my debt clearing and money saving journey!
Starting to tackle your debt is your 30th birthday gift to yourself, and a good one. Really! You'll thank yourself later. Keep your focus on paying them off and keep track of balances and payments. Work either a debt snowball... smallest balance to largest, or list and monthly pay based on interest rate. Snowball gives you a more immediate charge but both work. You can do it!
Call the credit card companies and ask for a lower interest rate in exchange for freezing the cards so you can't use them. This way you won't accrue as much interest
My suggestion is instead of a monthly credit score. Move that to quarterly but on the monthly portion you should use to keep track of your net worth? Which I think would be a lot more helpful and motivating. When you see from month to month, your negative net balance # is going lower. Which is a good thing!
You caught my interest a few months ago when you were playing catch up with your different bills. Admitting to the debt is the first step to getting it gone. I’m rooting you on for this journey. You have a plan. You’ve been working this budget, now add the debt. Just think how nice it will be to have that extra money to be all yours. We are rooting you on bestie. ❤❤❤
Girl I hope you realize how inspiring this is! I’m also in so much debt that I’m embarrassed to say it out loud, I got carried away with credit cards too and didn’t know how to budget properly. I have now started to budget and I’m making a plan to pay it off. This is so inspiring to me because paying debt is not easy when you still need to pay your other bills. I love how you have a plan. Usually all the other budgeting channels i see, they always show the rainbows and sunshine of cash stuffing but rarely do I find real channels like yours where they show real people have debt! I thank God I found your channel and this video because Lord knows I needed it! I’m encouraged thanks to you and your honesty, Praying we both are debt free in Jesus Name! ❤
Don’t be embarrassed rather, get encouraged and tackle it one obligation at a time. These debts will not follow us once we have taken our final breath so don’t allow it to control your present life. You may find that sharing it will help release the embarrassment and keep you inspired to stay focused! You will be successful 🎉
The fact that you admitted you are in ``debt`` makes you a real heroine. You are in the same boat that alot of folks are in. Covid did a number on alot of folks finances. Also sometimes little things we do can add up. Two For Tuesday Meals, Coffee Shops and buying things on Amazon. That can really affect you. You will get out of it. You are at least trying. On Caleb Hammer`s Channel, there are folks who don`t realize how small things can affect them.
Awee! Thank you! I appreciate your comment. Yes, it is pretty real..LOL. I am glad that you found my channel as well. It is so good to be amongst people who are dealing with the same struggles 💜
Thank you for being so open and talking about your plan. I'm currently roughly 14k in the hole. Spread out between credit cards and dental bills. I'm grateful that I am doing this and getting rid of it while I'm without kids, but we still are a single income household due to my fiancé's intense college program (unpaid internships are a scam). I have already paid off 7k since the beginning of this year and I hope to be completely free by next year. I know we can do this, it's just so hard. I'm praying for the girlies who are doing this as single parents; y'all are strong and I believe in you.
OMG you are sooo transparent! This is going to help many. Remember you didn’t get into debt overnight so it will take you some time to get out. Just keep working the plan. BTW I want a physical copy of the workbook 💵
I put myself back into debt this year after paying after off. I’m embarrassed but I also just started my budget /cashing stuffing journey. & I know it’s going to help me get a better relationship with money and pay off everything once and for all . Thank you for this video ☺️
There are no mistakes in life, only lessons. There is no such thing as a negative experience, only opportunities to grow, learn and advance along the road of selfmastery. From struggle comes strength. Even pain can be a wonderful teacher. - Robin Sharma
@@user56gghtfAmen. Our Uncle use to say about our mistakes... But did you learn anything? (met with blank stares)...years later we get it...so...it took awhile to understand our past doesn't have to equal our future but what we choose to do today for tomorrow little by little, just get the snowball rolling... but always learning, sometimes the hard way... sometimes because we lucked out on a trying good decision and it really worked, it felt too great...❤
Might be a good idea to check what $ amount you pay for interest per month also. Those minimum payments won’t fully come off the principal. Helps with calculating time it will take to pay off
My goodness! I have found my tribe! 😅I am currently in debt AGAIN after paying off my third consolidation loan!😢😩 I've just been approved for a Navy Federal platinum credit card with a low interest rate. I am about to transfer all of my debt to that one card so that I can see my debt in one place! It's so overwhelming seeing payments for multiple credit cards being withdrawn from my bank account every month! I have promised myself this is the last time!! Because I can't keep giving these people my money! Lol
Just put a lock or freeze on those credit cards, side hussle and grind until you reach your goal! That’s my plan I’m in debt too. I believe in you, you can do this!
I use credit cards for everything to get the cash back. I keep an updated apple notes balance with interest rate highest to lowest and balance. I cross it off after it’s paid and if I use the card. I add it back. Then I add my installment loans from highest interest to lowest interest. This simple method has helped me a ton. Then I schedule all payments before my paycheck hits. 😊
Yup, I’ve gotten into and out of debt twice and this is my third time. Difference is that this time my income equals the minimum monthly payments (on top of rent, etc) so I don’t really have a plan on how to pay them off this time. I’m so mad for putting myself in a bad situation to where I can’t afford an emergency to happen. I have a few side hustles and am about to get a part time job bc this life is not for me.
I am tackling debt and budgeting again. I’ve been in and out of debt except my student loan over the years. I’m not gonna give up. As long as I have breath in my body there is hope. Thank you so much for sharing. I’m a new bestie
I work up one day because I wanted to retire and realized how much debt I was in so I took out a lone for 26 thousand and change and payed that off in three years than after that was paid I took out one more for twenty six thousand for two years and I'm almost done I will not use another charge card ever After-pay and Affirm is the wAy for me so I can keep track of how much money I spend sooo just know you are not alone but you have to be sick and tiered of credit cards and there B S
Soo relatable, almost same story! Can’t believe i got myself in debt, but blessed to have a memes to take care of it. I just did a debt plan for 2024 it took me 6 hours to plan my year but I’ll be out of debt 95% before year end! Well except student loans, I don’t count that 😂 i wish everyone well & hope that everyone share their journey with their kids, family & friends!
i admire you for your transparency.....but life happens and its real. i loveyou.i feel you Sis, i am riding with you, i have my calculator too, we stoppin at McDonald's for the 2 for 2 zero sugar vanilla iced budget lattes!
Your video popped up in my news feed…like I needed to hear some real info and be assured I am not alone. I’m my own worst enemy when it comes to paying off debt. Thanks for the video.
Mannnn, I'm glad you're soooo transparent. I've wanted to start a Debt Free Journey channel, but my shame has gotten the best of me. Thank you for normalizing that it's okay to restart!!! We support you❤❤❤
I was debt free and paying down the house with a decent savings on the side . Hubby’s hours went down, kiddo got a bad diagnosis with very expensive monthly meds and the roof had problems and now needs replaced. 30k savings gone in a few months and 15k in debt. I needed this
Abandoning the budget is the sure way of getting into debt. There are people who can keep mental track and don't need a budget but the majority of us need to be writing that out to make we don't overspend and use money we don't have.
Like many young people, I had zero credit when I first started out and it took a long, long time for me to build up good credit. Flash forward 15 years and I just went to a dealership today and was able to finance a brand new car with a good APR, no questions asked. It's a lot of work, but it's worth it! Stay the course!
Hope you put down a big deposit, with no balloon payment & you factored in the day to day costs like insurance, license, gas, upkeep into the payments. Stay winning on your journey.
what are your plans to resist temptation of getting back into debt when you pay them off? That has to be addressed. The cause of spending and shift from that desire to spend. You'll have to get to the root of why in order to brake the cycle of spending so you can have an abundant life and freedom.
I'm glad you said that about the credit card churning. I've seen it multiple times and while it makes sense in theory, I'm always like, I am missing something, there's something they're not sharing for ME to be able to do this successfully.
I am retiring in 5 years. I will have everything paid off in 4 years. This includes my car. It was tough to see it all written down. I just paid off the first of 5 credit cards.
So refreshing to come across someone willing to share honestly. The first step to getting out of a hole is to stop digging. I wish you continued success in your journey towards a debt free future!!
I don't know why i feel like tour debt is my debt in a sense. I can relate to this im in the same situation the only difference is that im not working right now. But when i start back working i will tackle my debt like a storm. 💜💜
I'm right there with you on the total debt. I've created a plan via an excel spreadsheet. Pretty sure I will have some ups and downs along the way as I am expecting in a few months but I am looking forward to coming out of this as well and will be here along the way with you to keep motivated! Thanks for being transparent with us!
What are the 401k loans exactly? I've read online that this is a loan someone can take out from the own retirement fund or so? Is that correct? So it's your own money you borrow? If these need to be paid back within 30 days --> that's actually a killer 😵💫😵💫😵💫
It happens to all of us Sweetie! I've been years without CC debt. One trip to fix things on our RV ( we live full-time in it) and we're aver $10,500 in debt again!! Got it down to $5145 and still working on it!!!
Thank you for sharing. We have similar amounts of debt - and I have a plan to be debt free in 4 years, which is WAY shorter than I thought it would be! Don’t be too discouraged!
In 25 years I filed bankruptcy twice. I pay cash for everything needed. I have no vehicle, use public transportation. I just bought a HP printer, paper and ink for $88 on Amazon but I spent none of my own money because I do many things online to get Amazon gift cards and PayPal.
THANK YOU!! for this real and honest talk. Your story is so similar to mine. I am 50 years old with a good job and want so badly to buy a house, but i get stuff paid down and it goes right back up again. I feel like I am going around in circles. I am making a plan TODAY!
Your not alone with that Cap One. Rip off. Life happens. What is important is that you pick yourself up, acknowledge the problem, then come upmwithba plan 👏🏾👏🏾
I know it's heavy love... but you can do all things through christ that strengthens you. You can, and you will pay off the debt. One debt at a time and one step at at a time and most of all one day at a time. Have grace on yourself, and don't be too hard on yourself. You'll get out of it, and you'll stay out of debt, too. We are rooting for you and support you!
Heyy Jazz please also set a realistic time frame on when you want to be debt free from that total amount. I notice when we put short time frame on it we get overwhelmed. So for ex just say a year and half or maybe 2 years you plan to have the debt paid off. It might take less time but at least you won’t feel overwhelmed and can reward yourself if you hit it sooner then plan. That has help me with my debt journey and for me to keep going and not give up.
I am so happy your channel was recommended to me! I'm on the same path trying to do the Dave Ramsey method, but YOU make it easier to understand and give step by steps. You're awesome!
Also starting to clean up my financial mess again as from end September. 4 months of no unnecessary spending. Start the new year ahead of the pack who will only be starting with their new year's resolutions!
Thank you for your transparency. You are helping me and many others to get their debt in order and paid. I wrote my credit card debt down last week and my plan to repay. I have $20K so let’s inspire each other to get this debt paid off! Just like you I ran up some credit card debt during and right after college. I was able to consolidate and pay them off. Told myself I wouldn’t use credit cards again. It worked for a couple of years and then I started with one card for emergencies and now I’m back in credit card debt. We are human so we will make mistakes. Don’t be too hard on yourself! I will be following along with you working on my debt. Let’s go!!
I simply love your honesty I think that early you with all the credit cards was pretty much all of us, but now we are wiser and more organized I suppose life has done its job in teaching us through trial and error
Thank you 🙏🏽 so much for your raw honesty. I know that was hard. But this video is helpful to so many and most importantly, it was helpful to you! I thought the debt would be $10,000 too. A lot of people in high consumer debt hide in shame. But we are all human, not superheroes. Nobody is perfect. There are some “gurus” online bragging about how they have a lot stashed in savings/investments but not revealing their true credit card debt, their huge student loan payments, their huge car payments, their underwater mortgage, their high rent etc. That first story you told about the credit card debt was so relatable. I had cards maxed out and go into collections my 20’s and 30’s too. But I use my two cards responsibly now - in my 40’s. Not enough people talk about how bad credit is a prison and how it can adversely affect your life. I applaud you! 👏🏽 Great video!
I'm starting my debt free journey too and also documenting it on my channel. Not only for full transparency because it's such a taboo subject but also to keep myself accountable. I found this video during my research and I am subscribing considering we are on the same journey. It's nice to see others being so open about it ❤ wishing you full financial freedom in the near future, it's a tough world out there 😅
Thanks for being so vulnerable and transparent! You’re helping so many others by sharing your journey 🙏🏿. Few quick thoughts: 1. Super smart to build up an emergency fund before you dive into the debt plan! 2. Closing the Capital One card may conflict with your goal of increasing your credit score - since it will lower available credit and presumably avg account age. Assuming it has no membership fee, why don’t you just lock it? 3. Not sure if your personal taxes are federal or state, but I’d recommend you push those further up on the list as the interest rate of them can be astronomical 4. Once you pay off the debts, perhaps you should consider building a solid savings and expense allocation - as opposed to a home decor fund- so that you can break what seems to be a cycle and prevent yourself from having to overextend yourself for (presumably) non-essential items. Wishing you well on this journey! I’ll be tuned-in❤
Thank you so much for your transparency. This is sooo needed. It's so important to realize it's not all a happily ever after ending. Discipline and a Plan are soooo important. Love this and so proud of you for attacking the debt again 💕
Leveraging the credit for the points only works if you set a spend limit and pay the balance in full every month. My Amazon Card got me hemmed up like that too! So I had to remove it from my Amazon account and remove from my Apple Pay
I thought I was the only one. This is a reality for quite some people. But this goal that will be obtained. With a different mindset, discipline and focus. I am determined to be the lender and not the borrower🙏🏽🙏🏽
I had a 770’earlier this year. Used up my emergency fund and kept having catastrophic things happen. Now is 40,000 dollars of debt and still no emergency fund. Down to a 640🥲
I really appreciate your honesty in how you got into and out of debt several times! Like life happens and it is hard to make ends meet sometimes!!!! Credit cards give you a false sense of security that you have money that you don’t! I have been in and out of credit card debt all my life and I am trying to keep myself honest and not spend money I don’t have!😢
Here we go AGAIN! This time...it will be a different kind of journey! I am trusting God allllll the way through! If you want to pay off debt with me and you are interested in my Debt Free Journey Workbook...Here's the link ▶ stan.store/Budgettreasures/p/get-my-debt-free-journey-workbook-now
❤Thank you for sharing this, can you do one when you start your student loan payoff. I WILL BE COLLECTION FREE BY DECEMBER then all I have will be student loan
I like my discover card app to pay my bill. However, there is a feature on your credit card app that will let you see the sum total of all your debt and your credit card utilization. You don’t need to add it up yourself.
As someone who worked through a bunch of debt and credit issues twice, you can do it! The second time does feel easier because you have learned lessons. This time, it is sticking. You've got this!
Have u watched any of VANNtastic velocity banking videos? That lady is ahhhmazing!
Do we get a physical copy when we order?
One thing I did when I was in a similar situation after paying bills and putting money in savings, I'd buy a $5 to $20 gift card for my local grocery store and Amazon each pay period and set them aside. When I needed/wanted something and funds were low, I'd use the gift cards instead of the credit cards. It let me pay down the debt and build up my savings.
smart!
I used to get a hundred dollar gift card from vanilla visa but I have cut it down to 25 usd
😊
I do that normally at 711 with a $100 piece. A gift card and that has to do me all months
@@user-po2ql5tb6w that is my store and I was sweating how I was going to pull back on my 75$ weekly amount with them. Awesome idea. 🥰
Queen I be so happy when people be transparent.. I can't stand when people be showing us all the cash stuffing . They stuffing thousands and thousands of dollars... never act like life be life..thank you.
Yesss that's why I like watching jazmine. She keeps it real,god will forever keep blessing her.
I admit I love that she keeps it real including the emotions she's feeling with it. I get it.
Yassss I swear I delete all those other cash stuffers cause what job do you work to have all that money?? I know I kept it real n spill the tea 😂❤
@@caprispillingtheteaLSTok do I feel better to know I’m not the only one. Where do you get so much money to be stuffing almost $2k every week. Some times I’m wondering if they just saved up a months worth then keeps recycling it and make videos. I’m so cynical. 😂
@@lionessrising I was thinking the same thing. They stuff the same $2k every week... lol.
This is why we have to teach children about money, finances and debt EARLY! I wish trial and error were not my teachers. You’ve got this.
Exactly! No one ever taught me. I taught myself. They learn nothing about money in school but they can list all the presidents by golly. I interview so many kids straight from college and they don’t have life skills.
I'm there now, trial and error have been my teachers. I felt so stuck. Made bad decisions while I was working full time and now I'm a stay at home mum with 2 kids and I can't afford to pay off anything or even save. I wish I could go back to 3 years ago, I currently have no childcare so I can't work and I'm just stuck. I know what to do next time, but I just need a chance to get out.
Sending you all my best wishes , I’m $1000 away from paying off $8,000 in credit card debt since February. It’s a slow journey but it’s worth it all!!
You're almost there! Well done!
is yours in collections? i have $8k credit card debt too
@@beautiful10381 no , mine wasn’t in collections. It was with a credit card.
I’m following Dave Ramseys plan right now and girl that snowball is growing to pay off debt so fast! I literally hate credit cards and cannot use them again I’m done taking out loans and cards and car payment. I can’t trust myself with this so I won’t touch debt once I get free. Yes the feeling of acceptance with debt is real.
I did it! I have only one credit card I use, i only use it in emergencies, and pay it off between 1 to 2 months! I keep the card empty.
Yes, I am following Dave Ramsey's plan as well. I do have to say the sacrifices I make for my budget are significant. No getting nails done...hair done.. Anything! It is so hard!
If I may ask how did you get started with Dave Ramsey
@@Michelleminor87 I went through a sponsorship. If you go to journeytowisdomandwealth her channel has a short video with a link to a church that you can sign up for financial peace university for free. That’s how I got started.
Been listening to Ramsey since beginning of August and starting the plan this month. BS2. We got this!
Girl, am I in dept! 16 credit cards 😮 over 45 thousand dollars. I just purchased your book without finishing the video. I'm very excited to do this with you. I'm so happy I found you. Let's do this! ❤
File for bankruptcy, you can bounce back in 18-24 months and have a good credit score.
how do you have 16 credits cards??
Don't feel bad. Became debt free for about 3 years. Well, I fell back into the cycle. I'm currently paying my debt back off AGAIN. For some reason this second time around hit different. This is it for me. Once I get out for the second time, I'm not going back.
I went through a lot of financial crisis after my divorce, I had to raise my two kids alone, Currently I'm living smart and frugal with my money. Bought my second house already. Saving and investing lifestyle made it possible for me; even till now I earn monthly through passive income. I'm planning on retiring when my kids finish college,just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made. Great video! Thanks for sharing
Hey Joy,currently, I am in dire need of investment advice or tips. Last year, I hesitated and failed to take any action until the year concluded. However, this year, I am determined to try something new, as I am very receptive to various investment ideas.
I highly endorse the services of Regina Louise Collaro, a US-based financial advisor and consultant. Partnering with an international organization, she has been instrumental in guiding my financial journey with unwavering support until my goals are met. Selecting the right financial consultant is as crucial as finding the right life partner, as both can significantly impact your life's trajectory. I'm grateful to have found the perfect financial consultant who has helped me achieve my financial objectives, from education to nearing retirement.
I appreciate your advice. It's hard to find someone that's reliable. When I see how much you've made investing, I could really use your investment advisor. That is, if you don't mind sharing her information
you can easily find her information by doing a quick search. Feel free to reach out to her directly with any questions you may have
I've wanted to start investing for a while. Yet, I've always considered it to be late, and I believe I should quit putting things off. I'll absolutely contact Regina Louise Collaro to ask her for advice. Much thanks. This was quite helpful to me.
I had 11 credit cards at one point and felt like I was on top of the world. I was completely delusional! I ended up having to file bankruptcy several years ago. I ended up back in credit card debt. Received 15k from a settlement last June, paid them all off. It felt great! Guess what? I’m back in credit card debt😩. I’m looking forward to paying them off again. Lord, help me! My mind has been renewed. I strive to be a good steward of God’s money! Best of luck in your (our) journey😊
Thank you so. much!! It is alllll good. We got this..Best of luck to you as well on our journey! 🎉💜
This is literally my exact story! Filed for BK in 2018. Got into a little more debt, bought a house last year and now back in even more debt 🙃 We got this!
Give yourself grace. This world is expensive! ✨🤍✨
Bankruptcy = everyone else paying because you’re irresponsible.
@@dcg590 Please be nice 🙏🏽 You have no idea their situation to comment that. This is a safe space platform over here. Go somewhere else with that. Please 🙃
Thank you for your honesty. Too many influencers who are good with money are telling people to use credit cards for the perks. Dave Ramsey gets bad rep for being so anti credit cards, but most people in reality have no discipline and end up in credit card debt. So thank you for your honesty and keeping it real!
I went through FPU years ago, a few years after I became a widow. It was so helpful and I paid off a fair amount in a much shorter time than I thought it would take.
I cancelled three CC's but kept one. An annoyance to my FPU mentor, for sure! I use it and always know the balance. I keep the cash in my bank account and pay it off every month. I get a whole 1% in points and am not at all interested in getting another card that would "pay" me more. I use my CC as a budgeting tool, not for points.
I would also NEVER recommend anyone do what I do! It takes work and a lot of financial discipline which I'm good with. About 3 yrs short of bs7 and can hardly wait!
Yes Dave is the best 🎉
100% correct.
He is so right about one thing: when you swipe that plastic, you tend to spend more or buy things you really don't need or impulsive purchases.
@@impalamama7302 your brain doesn't register the pain of losing/exchanging money for the goods. Cash is the best. You have cash=you can afford it/ No cash= you can't afford it. Keeps so many people out of debt.
Sorry you have $30k debt. You got this. Most important, you have a plan. Keep us posted ✉️✉️💜💜
I love how you said “I was living my best life-the wrong way!”😂 I totally can identify with that!
I've seen many people fall back into debt, and it is very similar to when you lose weight too fast and end up getting it back. Knowing you were able to get out of debt before is a double-edged sword in many cases, because you tend to think if you were able to do it before, you can do it again. And that is true for most of the people who were actually able to get out of debt, but its not a healthy relationship with money, in the same way people losing weight sometimes end up with an unhealthy relationship with food.
Maybe $90,000
Omgosh….. I was way off oops
This is such a good point. To give my experience, I have never had consumer debt except for a car loan that I paid off and had the car for 15 years. However I was disorganized wasted/loss money. So my savings did not increase the way it should have because I did not pay attention to my spending. But once I heard that Mint was going away, I started using spreadsheets and formulas to track my spending. This has been a game changer. Expense tracking helps me to be intentional with my spending, and to understand my cash flow in semi-real time. I try to use credit cards for my spending as much as possible for a few reasons. The key is that I view the credit card like a debit card, I track every dollar and I pay it off each month. This has changed my whole relationship with money.
Stay away from credit cards. You don’t need them. Nothing but trouble will follow. Don’t have the cash, you can’t afford it. Period.
Ordering online , renting a car , hotel reservations , a TRUE emergency . YES , U NEED a credit card . Get a LOW amount & use discipline .
Credit cards are definitely needed lol
@@tyraedmonson9677no, you actually need a DEBIT card. Not a credit card. But stay in debt if you want to.
Girl, this has to be THE most relatable video on RUclips!!! The regrets, the courage, the faith! And how you faced it all and structured your way out of it!! You're a true role model, I wish you all the best.
This came just in time! I did the exact same thing you did! I paid off all my debt and got my credit straight to buy a house. Bought our house in 2021. Never had credit cards and stuff before... started getting approved and I went out of control. Trying to get back in control now...
I did the EXACT same thing. I got my credit together to purchase a home in 2021. I then started getting pre approved for credit cards, receiving actual loan checks in the mail, my car needed expensive repairs - I purchased an expensive vehicle etc. I am going to have to find a SOLID side hustle. My credit score is still pretty decent, but these monthly payments… Whew Chyle! I came across this video as I am deciding on the best strategy. I wish you ALL the best on your journey!👊🏾
Wow omg
It’s so hard because we get on the right track and start paying stuff off and can see the light at the end, but something always happens. *example- my water heater just blew up so $1000 there. My dog had an emergency 2 days later so a vet bill.
It’s like life is trying to kick our butts and we REALLY want to just buy a new house and get out of the unsafe area that we’re in currently for our kids.
I got myself into and out of debt (all credit card) 3 times before finally maintaining debt free for longer. It happened every 2 years. 2015, 2017 & 2019. Always give yourself grace and never stop trying to do and be better. There is light at the end of the tunnel. I paid off my 2019 debt in 2022 and going strong. I finally got it together . You can do this!!
You have no idea how much your videos help me😩. I’m a 28 year old single mom trying to figure all of this out and get it together. Thank you for your transparency❤
You got this Bestie!! I was not thinking about fixing my finances at 28 so hats off to you!!! I was only worried about "looking rich"...smh
Girl same!!!
I wanted to give you a hug at the raw moment of realizing where you’re starting from. I had a similar moment a couple months ago after I paid off all my debt $12k on 12-31-2020... back to 15k earlier this year. I honestly can’t tell you what I bought, like at all. I felt so much shame and still do. However, I was able to get out of debt before, so I know I’m more than capable of doing it again. Lots of lessons being learned ... some I am relearning and some are new. May God bless your journey to be debt free ❤️
You got this. The real tea is if you was able to get out of 12k debt. Your able to save up 12k just the same.
omg appreciate your vulnerability. I’m in the same boat! Paid off over 10k debt between 2019-2021 and now I’m back to over 10k debt again. We can do this!!
Bestie, a snack was not gonna cut it. I needed a whole meal with a glass of wine 🍷 for this video 🤣. 24:24 I guessed $30,000! I came out of college with $120,000 in debt. I had no stable job lined up but I stayed faithful to that loan with side hustles & got it paid off in 3 years. With a plan in place, you'll have it paid off by the end of this year. Don't feel down, keep your head up. You got this bestie! ❤
You can hear the emotional toll it takes on you in your voice as the video goes on. Don’t worry babes, it’s AMAZING that you sat down and made a plan for it. This is the beginning of a great journey, so look at it in a positive light. All the money you’ll be saving in the long run not paying all that interest. You got this! 💚💚
The credit card game takes focus. Essentially you have to treat cashack cards like debit cards. Pay it off before the due date and keep your utilization ideally under 10% on each card. Keep a list of your cards and assign each a purpose if you have more than one. Grocery and gas are common categories. If you don't jet around the world you do not need a point card or any card with an annual fee and perks you can't use or convert to cash to help pay down your balances. Good luck!
You have done the absolute toughest part of the journey already - facing the problem realistically and coming up with a plan. You can do this!
I don’t know, if creditcards in the us works different than in Germany. But here in Germany you not only can make your payment at the end of the month,but you can put money on your card when ever you want. So I started to sit down in the evening and transfer the money I spend my that day back to my creditcard. This way I’m not accidentaly spent more than I have and there is no surprise bill at the end of the month
My debt started with college. I never had a credit card up until last year (I paid that mug off though), but those loans are unforgiving! I’m almost done paying off my grad loan, but it’s the undergrad that makes me want to run outside booty naked.
Thank you for being open and honest about your debt history. When I finished graduate school, I was $18K in credit card debt (a lot of the debt centered around grad school expenses) and I needed to purchase a car. I buckled down and paid off all my credit cards and bought my used car with cash ($11K) all in 1 year. I lived with my mom to save on rent during this time. It was not fun particularly being in my 20s watching my friends traveling, shopping etc. But when I sent the last credit card payment, I felt financial freedom something I had not experienced in a long time. You did it before so you can do it again. I am cheering you on so that you can experience financial freedom again. Good luck!
😁😁 what you didn't know is that those friends were probably also in debt too girl.
So glad you are free.
9/16/23....SO GLAD YOU HAD SUCH A LOW COLLEGE/GRAD AMOUNT FROM TODAY'S "HEAVY" COLLEGE FUNDING.....
TOO MANY HAVE BEEN "TRICKED" INTO YEARS + YEARS OF VARIOUS INTEREST-BASED COLLEGE BAD CHOICES...
LET'S HOPE THESE BIG RICH COLLEGES GET "FORCED" TO LOWER THEIR HUGE TUITIONS + PUT THEIR MILLIONS IN ALUMNI ENDOWMENTS TOWARDS SCHOOL COSTS IN THE FUTURE...
Thank you for sharing this ❤
You know it was the club you ran debt up at
Nice job!
I calculated today that I can ve debt free in 4 years not considering any extra income or wage increases!! I'm excited and this video was super motivational
Good for you young lady. I'm 65, retired 10 yrs. and debt free since 2007. Financial freedom will make your life so much easier. And what I came to understand is how rich folks stay rich. The easiest way to pay off your debt is pay the minimum on the highest balance loans and pay off the lowest bill 1st. Repeat that for each bill and you can't go wrong. I put together a spreadsheet on my desktop, which made it super easy to manage. Once you reach your goal and start to save, let your money work itself. Make sure you have a wide portfolio and don't buy things that you can't afford...good luck to you.
Your transparency was so refreshing. I literally feel you on this in so many aspects..when you you admitted you was living your best life and ignoring your budget that's when I knew we really were besties! Girl. You speaking my language and making no excuses just solutions. No beating ourselves up for the mistakes we made just accept them and keep it moving. You don't know how many heart's you have touched with this video and you just gained a new bestie boo! We are in this together !
We are in this together!! Bestie!!! Now we have to live our best lives...The right way 😂. Thank you for being here and subscribing to my channel and coming along the journey with me. I appreciate you!
Please don't forget to put something towards your mortgage principal. Met a lady who lost her house after 28 years due to divorce. She told me if she had just paid $10 a month towards the principal the house would have been paid off and she wouldn't have lost it. New subscriber
Thank you for your transparency and honesty! It’s exactly what I needed to encourage me to face my own debt and get honest with myself. I felt it deeply when you said you had to walk away and regroup and just talk to God and say “God I Trust You.” I was in tears because I know in this journey there can be a lot of shame and frustration. However, through our own vulnerability He will show up for us and allow others to also be encouraged! Thank you!
This was a beautiful comment. Thank you! Be encouraged. When we put feet to the ground we make change. You are in good company Bestie 🫶🏾🤗
Don't be discouraged, we have all been there. Pay your minimum payments and once you have your emergency fund set you can concentrate on your bills
Having a hight credit score is great, but most people don’t know that banks also look at your debt to income ratio. I’ve work for a financial institution for years, and the majority of people I came across have no idea that If your debt to income is above a 50%, you won’t qualify for a loan even though you have a decent credit score
Hello, I’m new to your channel! My name is Kirsten, I’m glad I finally found somebody who is real and not fake.
I’ve been following you for almost two years and THIS video reminds me of why I do-your honesty and transparency about how your debt started is very familiar to me and relatable. I started with a $500 credit card in college and it spiraled down from there. I was able to purchase my first home this summer but I still have personal loans, three credit cards and a car loan on top of it. Never feel embarrassed or sad about your situation. The fact that you are hitting the hammer at it now rather than later is a good thing. Your “besties” are on this journey with you. We are all on the same road…just in different cars.
Thank you so much! I really appreciate your comment! I am glad that we can fix and get out of debt and it is not what I thought...LOL. We are here together!
12 mins in and loving your personal accountability. You don’t hear that often enough!!! So many people blame lenders. You get it.
I love real life stories like this! I’m the same! Paid everything off and purchased a home in 2020 and here I am in 2023 starting over! Funny thing is I tried the cc point thing and lost my mind too 😂😂
Right! 😂 We seem to be twins...Thank God...If we did it once, we can do it again
I need to get out of debt. I have excellent credit and not behind on anything I just have over $25,000 in credit card and loan debt. I don’t want to not pay the bills or file bankruptcy and ruin my credit. How it’s it possible when I barely have $300 to last a month after paying bills and the minimum on credit cards. We can’t survive on $300 so we keep using the credit cards it’s never ending.
I’m about to turn 30 and have so much credit card debt from trying to make ends meet! It’s seemed so daunting to tackle it, but your videos really have helped me out and my debt clearing and money saving journey!
You’ll do great!!
You’ve got this, babe! 😊🎉❤
Starting to tackle your debt is your 30th birthday gift to yourself, and a good one. Really! You'll thank yourself later.
Keep your focus on paying them off and keep track of balances and payments. Work either a debt snowball... smallest balance to largest, or list and monthly pay based on interest rate. Snowball gives you a more immediate charge but both work. You can do it!
Call the credit card companies and ask for a lower interest rate in exchange for freezing the cards so you can't use them. This way you won't accrue as much interest
I'm so lonely watching my friends enjoy their life while i try to pay things off but we gotta hang in there.
My suggestion is instead of a monthly credit score. Move that to quarterly but on the monthly portion you should use to keep track of your net worth? Which I think would be a lot more helpful and motivating. When you see from month to month, your negative net balance # is going lower. Which is a good thing!
You caught my interest a few months ago when you were playing catch up with your different bills. Admitting to the debt is the first step to getting it gone. I’m rooting you on for this journey. You have a plan. You’ve been working this budget, now add the debt. Just think how nice it will be to have that extra money to be all yours.
We are rooting you on bestie. ❤❤❤
Thank you sooo much!!!! I appreciate YOU! Thank you for your support. I don’t know how much it helps!
Girl I hope you realize how inspiring this is! I’m also in so much debt that I’m embarrassed to say it out loud, I got carried away with credit cards too and didn’t know how to budget properly. I have now started to budget and I’m making a plan to pay it off. This is so inspiring to me because paying debt is not easy when you still need to pay your other bills. I love how you have a plan. Usually all the other budgeting channels i see, they always show the rainbows and sunshine of cash stuffing but rarely do I find real channels like yours where they show real people have debt! I thank God I found your channel and this video because Lord knows I needed it! I’m encouraged thanks to you and your honesty, Praying we both are debt free in Jesus Name! ❤
Don’t be embarrassed rather, get encouraged and tackle it one obligation at a time. These debts will not follow us once we have taken our final breath so don’t allow it to control your present life. You may find that sharing it will help release the embarrassment and keep you inspired to stay focused! You will be successful 🎉
The fact that you admitted you are in ``debt`` makes you a real heroine. You are in the same boat that alot of folks are in. Covid did a number on alot of folks finances. Also sometimes little things we do can add up. Two For Tuesday Meals, Coffee Shops and buying things on Amazon. That can really affect you. You will get out of it. You are at least trying. On Caleb Hammer`s Channel, there are folks who don`t realize how small things can affect them.
You got this! Good luck! 👍🏻
Awee! Thank you! I appreciate your comment. Yes, it is pretty real..LOL. I am glad that you found my channel as well. It is so good to be amongst people who are dealing with the same struggles 💜
@@missyelle2749 Thank you!!
Thank you for being so open and talking about your plan. I'm currently roughly 14k in the hole. Spread out between credit cards and dental bills. I'm grateful that I am doing this and getting rid of it while I'm without kids, but we still are a single income household due to my fiancé's intense college program (unpaid internships are a scam). I have already paid off 7k since the beginning of this year and I hope to be completely free by next year. I know we can do this, it's just so hard. I'm praying for the girlies who are doing this as single parents; y'all are strong and I believe in you.
OMG you are sooo transparent! This is going to help many. Remember you didn’t get into debt overnight so it will take you some time to get out. Just keep working the plan. BTW I want a physical copy of the workbook 💵
Thank you! You are right! Thank you for letting me know...I am going to really consider a physical copy.
I put myself back into debt this year after paying after off. I’m embarrassed but I also just started my budget /cashing stuffing journey. & I know it’s going to help me get a better relationship with money and pay off everything once and for all . Thank you for this video ☺️
Thank you for being here!!!
There are no mistakes in life,
only lessons. There is no such thing as a negative experience, only opportunities to grow, learn and advance along the road of selfmastery.
From struggle comes strength. Even pain can be a wonderful teacher. - Robin Sharma
@@user56gghtf I love this!! Thank you for your reply! ☺️ I hope you have a wonderful day!
@@JocelynAnnmarie You're welcome. I hope you have a good rest of your week. 💕
@@user56gghtfAmen. Our Uncle use to say about our mistakes... But did you learn anything? (met with blank stares)...years later we get it...so...it took awhile to understand our past doesn't have to equal our future but what we choose to do today for tomorrow little by little, just get the snowball rolling... but always learning, sometimes the hard way... sometimes because we lucked out on a trying good decision and it really worked, it felt too great...❤
Im proof being debt free can happen. It takes dedication, patience, resourcefulness and a positive attitude. You CAN do it!!
Might be a good idea to check what $ amount you pay for interest per month also. Those minimum payments won’t fully come off the principal. Helps with calculating time it will take to pay off
You’re already on the path 🙏 you got this
My goodness! I have found my tribe! 😅I am currently in debt AGAIN after paying off my third consolidation loan!😢😩 I've just been approved for a Navy Federal platinum credit card with a low interest rate. I am about to transfer all of my debt to that one card so that I can see my debt in one place! It's so overwhelming seeing payments for multiple credit cards being withdrawn from my bank account every month! I have promised myself this is the last time!! Because I can't keep giving these people my money! Lol
Just put a lock or freeze on those credit cards, side hussle and grind until you reach your goal! That’s my plan I’m in debt too. I believe in you, you can do this!
I use credit cards for everything to get the cash back. I keep an updated apple notes balance with interest rate highest to lowest and balance. I cross it off after it’s paid and if I use the card. I add it back. Then I add my installment loans from highest interest to lowest interest. This simple method has helped me a ton. Then I schedule all payments before my paycheck hits. 😊
Yup, I’ve gotten into and out of debt twice and this is my third time. Difference is that this time my income equals the minimum monthly payments (on top of rent, etc) so I don’t really have a plan on how to pay them off this time. I’m so mad for putting myself in a bad situation to where I can’t afford an emergency to happen. I have a few side hustles and am about to get a part time job bc this life is not for me.
Thanks for being so upfront and honest. You are going a great job
I am tackling debt and budgeting again. I’ve been in and out of debt except my student loan over the years. I’m not gonna give up. As long as I have breath in my body there is hope.
Thank you so much for sharing.
I’m a new bestie
You got this! Thank you for being so transparent with us.
Thank you!!
I’m so glad my mom taught me about budgeting and how the points for cards work.
You’re my favorite person on RUclips to learn about budget, finances, money, etc… you’re so honest and informative. Thank you!!!
Awe! Thank you so much! 🩷❤️
I work up one day because I wanted to retire and realized how much debt I was in so I took out a lone for 26 thousand and change and payed that off in three years than after that was paid I took out one more for twenty six thousand for two years and I'm almost done I will not use another charge card ever After-pay and Affirm is the wAy for me so I can keep track of how much money I spend sooo just know you are not alone but you have to be sick and tiered of credit cards and there B S
Soo relatable, almost same story! Can’t believe i got myself in debt, but blessed to have a memes to take care of it. I just did a debt plan for 2024 it took me 6 hours to plan my year but I’ll be out of debt 95% before year end! Well except student loans, I don’t count that 😂 i wish everyone well & hope that everyone share their journey with their kids, family & friends!
i admire you for your transparency.....but life happens and its real. i loveyou.i feel you Sis, i am riding with you, i have my calculator too, we stoppin at McDonald's for the 2 for 2 zero sugar vanilla iced budget lattes!
That is so REAL!!!! Thank you for sharing that. Most RUclipsrs don't share the down parts and that's what really encourages some. You got this!!!
Thank you!
New subscriber here! I love honest budgeters who doesn’t act like their finances is perfect!
Yes! I hate following budgeters that have stacks and stacks of 100s to put in envelopes, while telling us what to do with our $20 bills 🤔
Thank you so much for subscribing and being here!!
Your video popped up in my news feed…like I needed to hear some real info and be assured I am not alone. I’m my own worst enemy when it comes to paying off debt. Thanks for the video.
Mannnn, I'm glad you're soooo transparent. I've wanted to start a Debt Free Journey channel, but my shame has gotten the best of me. Thank you for normalizing that it's okay to restart!!! We support you❤❤❤
Thank you so much! Yes try your best to never be ashamed....Especially when you are doing your best!
I was debt free and paying down the house with a decent savings on the side . Hubby’s hours went down, kiddo got a bad diagnosis with very expensive monthly meds and the roof had problems and now needs replaced. 30k savings gone in a few months and 15k in debt. I needed this
THANK YOU for speaking on these darn points. The discipline to not mess it up/get sidetracked is hard. It’s so easy to fall off the path.
Abandoning the budget is the sure way of getting into debt. There are people who can keep mental track and don't need a budget but the majority of us need to be writing that out to make we don't overspend and use money we don't have.
Like many young people, I had zero credit when I first started out and it took a long, long time for me to build up good credit. Flash forward 15 years and I just went to a dealership today and was able to finance a brand new car with a good APR, no questions asked. It's a lot of work, but it's worth it! Stay the course!
Hope you put down a big deposit, with no balloon payment & you factored in the day to day costs like insurance, license, gas, upkeep into the payments. Stay winning on your journey.
what are your plans to resist temptation of getting back into debt when you pay them off?
That has to be addressed. The cause of spending and shift from that desire to spend.
You'll have to get to the root of why in order to brake the cycle of spending so you can have an abundant life and freedom.
The Budget Moms is a good channel eith sound, workable advice and plans to budget andvget out of debt.
I'm glad you said that about the credit card churning. I've seen it multiple times and while it makes sense in theory, I'm always like, I am missing something, there's something they're not sharing for ME to be able to do this successfully.
I am retiring in 5 years. I will have everything paid off in 4 years. This includes my car. It was tough to see it all written down. I just paid off the first of 5 credit cards.
So refreshing to come across someone willing to share honestly. The first step to getting out of a hole is to stop digging. I wish you continued success in your journey towards a debt free future!!
Thank you so much!!
I don't know why i feel like tour debt is my debt in a sense. I can relate to this im in the same situation the only difference is that im not working right now. But when i start back working i will tackle my debt like a storm. 💜💜
I'm right there with you on the total debt. I've created a plan via an excel spreadsheet. Pretty sure I will have some ups and downs along the way as I am expecting in a few months but I am looking forward to coming out of this as well and will be here along the way with you to keep motivated! Thanks for being transparent with us!
Aweee!! Congratulations 🎉 on your new bundle of joy! You will be busy soon! Thank you for being here!
Girl make sure the 401k loans are paid off because God forbid you lose your job the money is due within 30 days 😫
What are the 401k loans exactly? I've read online that this is a loan someone can take out from the own retirement fund or so? Is that correct? So it's your own money you borrow?
If these need to be paid back within 30 days --> that's actually a killer 😵💫😵💫😵💫
It happens to all of us Sweetie! I've been years without CC debt. One trip to fix things on our RV ( we live full-time in it) and we're aver $10,500 in debt again!! Got it down to $5145 and still working on it!!!
Thank you for sharing. We have similar amounts of debt - and I have a plan to be debt free in 4 years, which is WAY shorter than I thought it would be! Don’t be too discouraged!
In 25 years I filed bankruptcy twice. I pay cash for everything needed. I have no vehicle, use public transportation. I just bought a HP printer, paper and ink for $88 on Amazon but I spent none of my own money because I do many things online to get Amazon gift cards and PayPal.
THANK YOU!! for this real and honest talk. Your story is so similar to mine. I am 50 years old with a good job and want so badly to buy a house, but i get stuff paid down and it goes right back up again. I feel like I am going around in circles. I am making a plan TODAY!
Damn smh I said $8,000...girl u got this smh this ain't nothing but some "GOOD", budgeting!! U will kill it!!!😊
💜
Your not alone with that Cap One. Rip off. Life happens. What is important is that you pick yourself up, acknowledge the problem, then come upmwithba plan 👏🏾👏🏾
Rip off sis!!! Can’t wait wait to pay this off.
I know it's heavy love... but you can do all things through christ that strengthens you. You can, and you will pay off the debt. One debt at a time and one step at at a time and most of all one day at a time. Have grace on yourself, and don't be too hard on yourself. You'll get out of it, and you'll stay out of debt, too. We are rooting for you and support you!
We all fall back occasionally. You can do this! Thanks for sharing with us!
Heyy Jazz please also set a realistic time frame on when you want to be debt free from that total amount. I notice when we put short time frame on it we get overwhelmed. So for ex just say a year and half or maybe 2 years you plan to have the debt paid off. It might take less time but at least you won’t feel overwhelmed and can reward yourself if you hit it sooner then plan. That has help me with my debt journey and for me to keep going and not give up.
I am so happy your channel was recommended to me! I'm on the same path trying to do the Dave Ramsey method, but YOU make it easier to understand and give step by steps. You're awesome!
Also, I would love a physical version of this book you're writing in! I'm a hands on person and it'll keep me more focused and on track.
Also starting to clean up my financial mess again as from end September. 4 months of no unnecessary spending. Start the new year ahead of the pack who will only be starting with their new year's resolutions!
Thank you for your transparency. You are helping me and many others to get their debt in order and paid. I wrote my credit card debt down last week and my plan to repay. I have $20K so let’s inspire each other to get this debt paid off! Just like you I ran up some credit card debt during and right after college. I was able to consolidate and pay them off. Told myself I wouldn’t use credit cards again. It worked for a couple of years and then I started with one card for emergencies and now I’m back in credit card debt. We are human so we will make mistakes. Don’t be too hard on yourself! I will be following along with you working on my debt. Let’s go!!
Let's GOOOOO! We can do it 💪🏽... I am excited to be on this road with you!
I simply love your honesty I think that early you with all the credit cards was pretty much all of us, but now we are wiser and more organized I suppose life has done its job in teaching us through trial and error
You took the first step. It will only get better from here. You got this❤
I am in agreement 🙏🏽
Thank you 🙏🏽 so much for your raw honesty. I know that was hard. But this video is helpful to so many and most importantly, it was helpful to you!
I thought the debt would be $10,000 too.
A lot of people in high consumer debt hide in shame. But we are all human, not superheroes. Nobody is perfect.
There are some “gurus” online bragging about how they have a lot stashed in savings/investments but not revealing their true credit card debt, their huge student loan payments, their huge car payments, their underwater mortgage, their high rent etc.
That first story you told about the credit card debt was so relatable. I had cards maxed out and go into collections my 20’s and 30’s too. But I use my two cards responsibly now - in my 40’s.
Not enough people talk about how bad credit is a prison and how it can adversely affect your life.
I applaud you! 👏🏽 Great video!
I'm starting my debt free journey too and also documenting it on my channel. Not only for full transparency because it's such a taboo subject but also to keep myself accountable. I found this video during my research and I am subscribing considering we are on the same journey. It's nice to see others being so open about it ❤ wishing you full financial freedom in the near future, it's a tough world out there 😅
Thanks for being so vulnerable and transparent! You’re helping so many others by sharing your journey 🙏🏿.
Few quick thoughts:
1. Super smart to build up an emergency fund before you dive into the debt plan!
2. Closing the Capital One card may conflict with your goal of increasing your credit score - since it will lower available credit and presumably avg account age. Assuming it has no membership fee, why don’t you just lock it?
3. Not sure if your personal taxes are federal or state, but I’d recommend you push those further up on the list as the interest rate of them can be astronomical
4. Once you pay off the debts, perhaps you should consider building a solid savings and expense allocation - as opposed to a home decor fund- so that you can break what seems to be a cycle and prevent yourself from having to overextend yourself for (presumably) non-essential items.
Wishing you well on this journey! I’ll be tuned-in❤
Very good points! Good job❤
Thank you so much for your transparency. This is sooo needed. It's so important to realize it's not all a happily ever after ending. Discipline and a Plan are soooo important. Love this and so proud of you for attacking the debt again 💕
Thank you 🙏🏽
Keep your head up, love. Aim to payoff this debt in one year. After that you’ll be golden!!! Rooting for you.
Leveraging the credit for the points only works if you set a spend limit and pay the balance in full every month. My Amazon Card got me hemmed up like that too! So I had to remove it from my Amazon account and remove from my Apple Pay
I thought I was the only one. This is a reality for quite some people. But this goal that will be obtained. With a different mindset, discipline and focus. I am determined to be the lender and not the borrower🙏🏽🙏🏽
Yes!!
I had a 770’earlier this year. Used up my emergency fund and kept having catastrophic things happen. Now is 40,000 dollars of debt and still no emergency fund. Down to a 640🥲
I really appreciate your honesty in how you got into and out of debt several times! Like life happens and it is hard to make ends meet sometimes!!!! Credit cards give you a false sense of security that you have money that you don’t! I have been in and out of credit card debt all my life and I am trying to keep myself honest and not spend money I don’t have!😢