Debt Confession | $147,000 in Debt | The Beginning of my Debt Journey
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- Опубліковано 28 вер 2024
- In this video I go over my types of debt, debt balances, interest rates, and minimum monthly payments at the start of my debt payoff journey. The $147,000 does not include any mortgage debt. #debt #debtfreejourney #debtfreecommunity #budgeting #budget #debtpayoff #debtconfession #debtfree #debtsnowball #debtavalanche #budgetcommunity
I came to my senses in Sept., but it wasn’t until Oct. that I was able to pay off my first card. It only gave me $67 to snowball into the next one, but it motivated me to put even more towards the next card. You’re doing great.
Thank you! That’s great progress! Each snowball amount really adds up! 🩷
i just started budgeting this past October 2023 i am trying very hard to stop spending money on what ever i want ... thanks for sharing your story with us
That's great! I found it has taken me awhile to reign in my spending but it's so worth it. I try to remind myself that once I get in a better place financially I can buy much more of the things I want. You got this!💜
It's overwhelming to see it all laid out, and the act of writing it all down really cements the situation. I know how crazy and impossible it feels, but I know you can do it! One suggestion that I personally took advantage of: I had a very high-balance, high-interest CC debt that I was able to transfer to a lower-interest personal loan through my local credit union. Not having to pay hundreds of dollars extra just to take care of the interest and attack the principle was a HUGE game changer. Sending you good vibes, just keep on keeping on! xx
Thank you so much for your feedback! Seeing it all written out is the hardest thing, it definitely made me face the situation I got myself into. I can't wait until its all gone and I will never get myself back into debt again.💕
When my husband was getting his masters, we racked up the CC debt to the tune of 50K. It took us 5 years of bouncing the balances from zero interest offers till we paid it all off. Those were the dark years, lol. Proud to say that we are totally debt free now (including the mortgage) and I'm still budgeting! It's hard work and sacrifice but so worth it. Keep going!
Congratulations on being debt free! That is amazing! 💕 It's so nice to hear that there is light on the other side of the tunnel! Thank you for your encouragement! 💕
I know this is really hard to share. You got this - there is light at the end of the tunnel!
Thank you so much! I'm so ready for it to be done💜
Congrats making your decision & I am proud of You! I know it is not easy to share our debt but it's the beginning of everything to tackle it, great debt confession video 👍
Thank you so much! It is so hard to pay off debt but in the end I know it will be worth it 🩷
Congratulations on your progress. You are GREAT for paying off debt. I worked two full time jobs for 3 monnths and donated plasma to pay off all of my debt. You deserve all the good feelings for accomplishing this! Now i coach my friends and family who are willing to listen.
Thank you so much! Wow, 2 full time jobs! That is amazing! Congratulations! I'm hoping I can get rid of this debt in the next few months!💕
New subbie here🎉 don’t beat yourself up.. you’re getting out of it so be proud of yourself!🎉
Thank you so much! Happy to have you here! 💕
New subscriber 🎉 great video! I am looking forward to an awesome year of taking control of our finances ❤
Thanks for subscribing! This year is going to be amazing! We got this! 🩷
You can find your interest rate in your cc statement.
New subbed here! Thank you for sharing!
Thanks for subbing!
Good Morning!!! Great video. I'm new to your channel.
Thanks for watching!
You will have to use your card once a yr or they will close it
I have not experienced this.
That may be true for some credit cards, but in my experience it takes a few years of non-use before they close it. They will also send out a reminder email or letter prior to closing it
It happened to me and my husband. I guess it depends on the company
Yes I have experienced this also with store cards from small businesses such as an appliance store, and a small home improvement store. A real shocker was when I hadn’t used Home Depot for over a year and went to use it and it was cancelled for non-activity😳and I don’t remember getting any advance notice. After a little while I started getting frequent offers for a Home Depot credit card🤪🧐
@@nursediva128 Ohh okay, that is interesting! I'm surprised they don't notify people. 🧐 That's a bummer
New subbie ❤🎉 really enjoyed ur video.
Thank you so much! So happy to have you here! 💕
New subbie 😊
Thanks for subbing! 🩷
Default on your debt. Easy. So long as it's not student loans you'll be free.
You have a lot of debt mam and it’s big amount too,Get rid of that get out from debt
She is getting out of debt, that’s the point of the video. Besides, it’s not that much, and she’s already paid a bunch off. You should have paid closer attention before leaving a comment.
watching dave ramsey's channel is very inspirational. listening to callers explain their situations makes you feel like you're not alone. his advice, techniques and tough love is what we all need. remember "the borrower is slave to the lender". staying in debt is the elites' plan to keep us enslaved, stressed and broke.
I totally agree. Watching his videos is what made me start to pay attention to my debt and want to pay it off. I can't wait to get to the point of BS7 and be able to live debt free and generously.
I remember that feeling of constant stress when i was at my worst debt "shudder" . Im not debt-free, but i am in a better place
I'm so happy to hear that things have gotten better. I can't wait to be debt free and have that burden completely gone💜
A lot of people in U.S. In big debts that’s Scary
It's true, it's pretty common in the US to have big debt. I am trying very hard to pay it off.
I’m on a debt free journey also good luck
Thank you! Good luck to you too! Let me know how its going! 💜
Well done for looking at it. It's so hard. I'm doing mine.. im only 15k but it feels big to me. I'm also doing debt snowball.. Good luck to you .. we got this!! 🎉❤
It is so hard but it will be totally worth it! Good luck to you too! Let me know how it goes!💜
New Subscriber here. I just found your channel. Listening to your confession I hope hits home for many who feel like they are drowning in debt. There is hope, one payment at a time. I will be following your journey.
Thanks for subscribing! I hope anyone who sees this and feels like they are drowning just knows they are not alone and it is truly possible to consistently make small steps that add up big 🩷
Thanks for sharing. I don’t think I’ve ever seen that many student loans for one person😂 College loans is such a racket.
So true! I can't wait until I can pay them all off. I hope to never have anything so bad ever again.
i thought mt truck loan and 11k credit cards was scary
Yes the amount is high. I am looking forward to the day I can say it is all gone💕
Привет из России 😊 у вас все получится 😊
New sub here. I remember doing the same with my credit cards when it came to taking cash advances. I am so grateful to be in a much better place now. Budgeting has been a game changer for me❤
Thank you for subbing and sharing! I know if I had never started budgeting I would be still doing the same credit card advance dance. I am a total advocate for budgeting now💜