This is not dumb; this is the American way of life. You are not alone, there are so many people living their lives the exact same way that you were only they have not decided to move to the next phase. What is dumb about this confession is the medical bill total for your husband as well as the student loans. America's health care and education system is terrible, and we can learn a lot from other countries. You will tackle this, just remember one debt at a time if you take small bites the meal won't seem as large. I started my adult life basically the same way, however I know I would have had three of these sheets completed. It took me awhile to pay off everything, but I did it and you can too. Keep your head up, this is not a you problem but a systematic issue.
Thanks for the encouragement. I agree about the medical bills and student loans. This country makes it impossible for people to get ahead. And that amount was just for ONE NIGHT in the ER. It’s ridiculous
With all due respect, this is not the American way of life for everyone. It is for millions, yes, but not everyone. I completely agree that our health care system is absolutely terrible and ridiculous, including cots, etc! That said, that’s all the more reason I think we need to be very conscious of making a realistic budget, not charging ANYTHING until any and ALL credit cards are at -0- balances and, for sure - really separating our wants and needs. The actual needs are few - housing, basic utilities, food, health insurance, retirement and an emergency fund (at least 6 months times our monthly needs). Everything else is a want, not a need. I often think that what we think of as “needs” are actually wants … gifts, streaming services and subscriptions, upgrades to phones, entertainment, getting nails done, going to sporting events, eating out, door dash, vacations, etc. And these “wants” are typically have a HUGE and onging negative effect on our budget - due to their ever accumulating interest, fees, etc. For example, A loan or credit card balance of $5700, with 20% interest will take SEVENTEEN YEARS to pay off in total if a person only makes the minimum payment each month! I think many, many people don’t realize this! So, a vacation of $5700 (a “want”, not a need) would impact the entire budget for SEVENTEEN YEARS- due to ongoing interest as it would ACTUALLY cost a TOTAL of $20, 064.08!!!!!!! When one looks at this realistically, that vacation is NOT worth it and it sure doesn’t cost the $5700 that was charged in the credit card/loan. Everyone needs to wake up and see how this keeps them trapped and still feeling like they can charge more, snd continue to see their wants as needs, etc. It’s hard to be “different” at times and not buy the newest, the greatest, etc - but it’s necessary to really get out from under! All the best to you and yours.
I’m sorry - on my above post I also wanted to include my recommendation to watch UA-cam videos by Caleb Hammer. He was in debt himself at one point and then through planning, commitment and sacrifice, got himself completely out of debt and is now very financially stable and financially successful. I would suggest watching at least 4-5 of his videos to get some ideas and help on how to streamline debt paying, making a budget, etc. Again, all the best to the creator of this channel here and all who are in debt. It IS possible to get out from under the burden and stress of debt.
@@papabear2515 thanks. I already watch Caleb Hammer and have stopped using the cards except for expenses. I’ve been cash stuffing and budgeting since June
@@papabear2515 I also mentioned in one of my updates that I would ABSOLUTELY be one of the people Caleb yells at. I was putting everything under the sun on my credit cards with the intention of paying them off and never did. I just kept digging the hole deeper and deeper and was avoiding creating a budget but I got it together now
I remember several years ago when I was in my debt journey. It was so hard to pay it all off and have to give up any overtime, bonuses, and any extra money I could spare to debt, but I had to keep telling myself I had no choice and I HAD to keep trudging along to pay my debts. I finally did and now I can put all my extra money to savings. It will be a long journey for you, but just take it one dollar at a time and don't charge any more. Good luck in your journey!
I remember that feeling…it was the main reason for paying off my debt…I wanted peace!!! I had anxiety and my stomach would hurt when I made minimum payments and it didn’t move the needle!! I’m not going to sugarcoat it…it will be hard and frustrating, but if you stick to it and continue to do the work and make the sacrifices, the other side is greener (financially)!!! It will change you…you will grow and develop muscle memory of making smarter financial moves!!! I was there…I have been budgeting for over 19 years…I changed my life and now my children’s life. I have a net worth of $1.5M and will retire in 5 years at the age of 47…you can turn it around and have what you want!!! I’m rooting for you…stay encouraged!!!
Thank you for having the courage to put your debt journey out there. To me you just past the hardest part, making yourself aware exactly where you are in your debt.. it is fantastic that you and your husband are on the same page and in this together. There are so many who don't get that support. I am cheering you on and can't wait to watch your crush the debt! ❤
Girl, the first step of success is acknowledgment. Putting in front of you it becomes less scary and gives you motivation! It’s such a soul sucking thing debt, it can break people. I’ve been in serious debt 3 times! I paid the first critical point from an inheritance which taught me nothing. The next time it took 5 years to pay off and we were debt free for a long time then life happened and we got swamped and ended up filing bankruptcy in 2017. We were debt free until 2019 where not only did life happen but kept coming and here we are. I believe we never learn until we’ve had to put the work into paying it all off to understand how NOT to get in debt again. I’m so proud of you girl, you’ve got this!!! 💜💜💜🤗🤗🤗
Thanks for sharing Dani! This is also like my 3rd or 4th time but I never saw it through to the end. I never fixed the behaviors that got me in trouble but I’m determined to stop the cycle now. I’m still trying to accept it’s going to take a while to get out of it
@@NotBrokeForLong my sweet girl, you are young. You’re so far ahead of where I was at your age! What kicked me up the ass was… we have 2 years until retirement 😱😭 I’m determined to get things under control and enjoy it! You can do this, I promise and if you need a kick I can do that too 😂😘 But don’t become me, use me as an example to fight on. I promise you it will be all worth it in the end 💯💜
The hardest part is actually looking and writing everything down. It’s hard enough to do this in the privacy of your home but you’re sharing this with everyone and will encourage all of us to get a handle on our money! Wishing you all the best!
I was where you are just 3 years ago. I finally finished paying off my debt in September. I absolutely refuse to take on any debt. I hate consumerism so I save my money for experiences such as travel and retirement. You can do it. It will be hard but you can do it.
Girl this is not stupid or dumb. Stop being so hard on yourself. We all at some point make poor financial choices. The good part about what you're doing is you're trying to fix it and not let it keep piling up. I'm in debt up to my eyeballs too. I'm actually thinking about making a debt free journey page as well. That way it will help me stay accountable. Also, don't worry about what the internet trolls say, and stop speaking so negative about yourself. Speak life into yourself and your husband that God will bring you through this and bless your finances in Jesus' name. You got this!
Step one complete: admitting the problem. Without knowing your income it’s hard to be too encouraging. You have a bunch of debt that is small and hopefully you can get it out of the way fast.Then you get to tackle the big ones. You can do it. There are a bunch of UA-cam people who can give you guidance. Sending determination!!!!!
I had $70,000 worth of debt on a very low income. It took me 6 years to get out of debt. My home and car were included in that debt. I know if I can pay off all of my debt on a single/low income you can to with the help of your spouse.
I hope you see this: apply for the SAVE program. Go on your loan servicer and ask if they are apart of the program (its a federal program but not everyone will participate) if they do go ahead and apply. It helps you pretty much eliminated the interest occurring on your student loans, so you’ll only be paying principal. You can't keep putting off your student loans, they will kill your credit score even of you’ve paid off everything else. I hope this helps and good luck👍
hi! That was my story- a few years ago. Anxiety in a very well-paying job, so I quit a job, I could not find another with than money, so I used all my savings when waiting for another well-paying job. Then I started using cc and taking cash from credit cards to pay my bills!!! My total debt was $ 42,000!!! My husband didn't know about it. I remember when I woke up very often in the middle of the night and my heart was racing so fast. One night I woke up again and told God that I couldn't take this any longer. God, I am giving my all debt to you, I don't know how you are going to do this but that is your debt now... Of course, it took me a few years to pay this off but slowly I started paying this. I am debt-free! Except my mortgage. You can do this!
Congrats on taking control and freeing yourself from it! That’s amazing. I was losing sleep also and needed to do something to drastically change my situation. You realize the high paying job is not worth sanity. Thanks for watching 💙
Hi Latrice! Very courageous of you. I know how you feel. I agree of making things easier to digest by not focusing on the debt that give you the most anxiety. Thanks for sharing. The good thing is that you are now awake and taking action. You sound pretty young so you have time to get it right!
Thank you Dee! I’m young-ish (33 😂) and I’ve been here a few times before. Every time I come back to tackle my debt it’s larger than the time before. I’m ready to get off of this rollercoaster 😖
It is so good to know we are not alone in our financial troubles. Yes, most of it is of our own doing. But it is great to have y'all to support all of us. One thing I have learned about every thing in life, stress affects us physically and also "tempts" us to take feel good actions; spend more money that we don't have. Been there, done that. But with being completely honest with ourselves we can be ok because WE Will conquer this challenge.
Thank you Deborah! Yes I've been dealing with bad decision-making for a long time and a lot of it was impulsive. Sometimes I didn't want to spend too much time researching or overthinking or putting more stress on myself so I just immediately swiped my card for whatever
This is a big step; thank you for being brave and sharing your journey. People are quick to criticize but when you know better you do better, and you are working on it. Not everyone puts in the work. Routing for you and your family. You got this!
YAYYY! You did it! So glad you took the courageous step of not only recording but UPLOADING your debt confession! Give yourself some grace. There's more people in a similar or worse situation than you and can relate to you. The important thing is that you are actively working toward tackling your debt! No need to ruminate on the past, but moreso focus on the present and in the present you are making great progess! Congratulations 🎉 I'm excited to continue watching your journey!
Hi Latrice! Very courageous to put this out there. Keep your head up, keep moving forward…if you fall, give yourself grace, pick yourself up and keep traveling along your journey! Don’t get discouraged by all of this (easier said than done) instead embrace it, and tackle it! Again, you’re so very courageous….shows that you’re ready to get this taken care of! I’m cheering you on!! You’ve got this!! 👍 🌸🙏🌸
I feel the pain with facing the debt! My hubby and I just did the same thing…it was shocking! It made me sick too! You got this! I’m just starting the same journey! I applaud you for facing this head on! You will conquer this debt and be financially free! Thank you for sharing and inspiring others like me to face my debt and move forward too!
I’m so proud of you for being brave to share your journey. You’ve taken the first step of accountability and now you’re putting action behind it, you’re not alone in this journey so many of us are on it with you. Continue to keep the faith and believe that God will help you get everything accomplished 💕
Only those who are hard on themselves learn from their mistakes. That's what grown folks do. Writing it out brings it to light. I also did a debt confession. Credit cards are crazy. It's what you do next that matters. You got this ❤. Thank you for sharing ❤
Sis you’re going to knock your goals outta the park …im so proud of your vulnerability…you will get thru this and look back on it and be soooooo proud!!!!
Best of luck to you in becoming debt free. The hardest part is to get started and sticking to your budget but just remember each step and each dollar is a step closer to freedom. Don't be ashamed of living life you have a better future ahead. Good luck and stay strong..
It’s hard to sit down and see the numbers. But as I like to say, you can’t fix what you won’t face. You did the hardest part. Now you can move forward.
You’re not alone! We have all been dumb at all ages! You’re holding yourself accountable and being transparent by putting it online! I’m in the hole too! Can’t wait to dig myself out!
I backed up to watch your whole debt confession playlist. I know it’s tough 😢 I am rooting for you from Maryland. I just heard you talking about the ER bill being paid off and now I see where it started 😭
Hello! New subscriber here. I'm Valerie from @CashBudgetRetiree. Welcome to the cash budgeting journey! One step at a time. Even baby steps will get you up the mountain. Just keep it simple and keep going!
Oh hon we all do this. Don't feel bad you can get this taken care of so you can just be fab. I've been on my debt free journey since 2020 and I've since ended up with more CC debt instead of less. Life happens all you can do is your best. Just be consistent with your plan.
You’ve made an important big 1st step: writing down all that you (and your spouse) owe.👍🏼 That is tough to do (and accept). The trackers are great! I’ve used many of them as well. Now you can discuss your payment plans moving forward. Great start! One baby step at a time.
You can do this!!! You have a co.munity which will support you along the way! So, keep your head up and take one step at a time. Rome was not built ina day; you are on your way to much success!!!
I just want to say you very proud of you for moving on to get it out the way. The comments from all these awesome people have pretty much summed everything up that I would have said thanks to all the great comments people really need the support and know that you are not alone everybody go through the same thing in one way or another it’s life and nobody should be judged or put down for living and learning we here to keep each other encouraged and show support and be positive and respectful and helpful when we can keep up the great work you got this sis 🙏🏾💕💕💕💕💕🙏🏾
Thank you so much! 💙 You never know what people will negatively respond to but thankfully I got way more support. The encouragement from this community is incredible we're all working on improving our finances and ultimately our lives.
It is sooo not dumb. You're being responsible, I'm still hiding from mine😂 But maybe one day soon I'll face mine too. Congrats on starting now instead of later, you got this!
Stay strong Sis!!! I am right there with you. All that you said!! Life style CREEP!! We in it now… we just gotta keep moving!!! AND TRY TO Learn something from these lessons… LIFE BE LIFEING And TEACHING US SOME LESSONS WE DON’T WANT TO LEARN!!!!!!❤
Gurlll...this is life, we all have situations that we have to climb out of. I relate to your journey, and your journey is alot of people's journey, so please don't be hard on yourself. Keep your head up because we are all in this together.
Thank you for sharing your journey. You are not alone on that and certainly NOT dumb ❤ I get 100% what you were going through and how you came to this point. A lot of what you shared is me as well. Great job owning it and moving forward.
you did making the video. good job. i think America needs a better system of school and health care. you have learned your lesson and moving to debt free it takes you a little while but you are doing it and that is important.
First step, acknowledge the issue. Sadly we all experience this… we wouldn’t have the budgeting community if we didn’t. I am so glad I used the student loan pause… I was able to pay off my last $13k!!! I’m currently working on my car and then it’s the credit cards. You’ve got this! 🙌🏼 one at a time.
New subbie here! Been here done this but never had the courage to do a video on it. Please know it gets easier.. Baby steps girlfriend! One check at a time! We got you!
That last one almost gave me a heart attack. U will be okay hun, u will get through all this. My biggest debt is my car. I used to do what u did take loans to pay debt then still use the card. And I have caught myself and I'm starting to work on my debt.
Yes I want to get out of this awful cycle. Every time I get a personal loan the amount is higher. I'm determined for this to be the last time though. Thanks for watching 💙
6k....damn...bummer theres not funds for the medical bills. Sometimes the foundation will pay the remainder after application for harship ♡ Cheering you on!
Thank you for the support and encouragement! Yes we tried every avenue but it was too late for us to try to get assistance with it. Thankfully it’ll be paid off soon! (Check out my January update 😁)
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 👍
Hii!! 6:15 i opened that Tally account too but i screwed up by using up the card it paid off😢 its a struggle 8:46 oh nooo, so sorry about what happened to your husband The lord is your Strength, youve been through alot You can do this 💪🏽
Hey luv, absolutely not dumb at all. You are brave to actually put this out there. Stay consistent and give yourself grace and lil by lil you will see the balance go down. Best wishes and I’m here to follow your journey and to encourage you along the way❤
If you haven't already, you should look into the SAVE plan for you and your husband's student loans. It gives you a lower minimum payment and if the interest accrued that month exceeds your minimum payment amount, the remaining accrued interest is waived. In short, if you make your minimum payment, your loan balance never increases.
New sub! Great job stepping out of your comfort box & taking the plunge to get yourself out of debt. The hardest part is done.. now it’s time to focus…you’ve got this!❤❤❤
I don't know if you've looked into the SAVE plan, but that should prevent your student loan balance from going up (though it may stay at the same balance despite payments that you make).
Thank you. I’m on the SAVE plan now and you’re right the balance is staying the same as long as I pay the minimum. Because of that I’m not tracking it with the rest of the debt now until I can pay more than the interest
If this makes you feel any better, I started at the same exact number almost 2 years ago (only student loans) and I’m at 39K. So you can do it, slowly but surely
You are taking the first step 🎉 We all do dumb stuff, but this isn't dumb. Its the american way of life unfortunately. Im happy for you for taking charge and moving forward ❤
This not dumb.. We or should I say some…have been in your shoes..Some people are still going through this.. I’m still paying on debt as well.. Hubbie and I owed 70k of debt not including our house.. We do not make a lot of money at all.. I’m a medical assistant & hubbie a firefighter..So that speaks for itself.. we put our big pants on and worked together to get our debt down to 17k..So, trust me when I say..this journey is no cake walk.. You have to give up so much and say no to a lot of stuff.. But, later on once this debt is gone…we can do so much more.. Just know…you & hubbie got this.. Jut don’t give up & stay the course..
Are you incorporate good Credit Card habits though? Because once you pay them off and don’t use them, they will close. Which will negatively impact your credit score.
I'm not sure if you said this or have already tried this for that emergency bill.. have you tried to see if that hospital assist with financial help see if that entire bill could be waived?? they typically would want w2 documents of certain amount of pay stubs etc
@@NotBrokeForLong I definitely.. my boyfriend was in a bad car accident.. his hospital bills up to a little over 90k.. he was able to get financial assistance .. the full was taken care of. keep trying
I know it seems whatever but you need to look into your student loans and make sure you're at least covering the interest on your student loans. And if you're paying more than just the interest is accumulating then you should still track them because even making a minimum payment you're making progress so long as it covers all of the interest
You get to be who you are and where you are in life. You don't owe anyone any explanations. You made the decisions you made at any given time to the best of your ability at the time. Anyone who doesn't understand that doesn't have a good understanding of life. Don't worry about them. You're facing your debt, making a plan and paying it off, and all of that is commendable, responsible, and full of integrity. You're doing a good thing here for yourself and all the people who watch your channel. Hold your head up high and be thankful you can work on getting rid of this debt!!! 👏🫡☺️☺️☺️
I'm sorry about the medical debt, those events are unexpected. Other then that how big is your shovel, i assume your shovel alone is at least $90k since to justify your masters rate of return it should be around that or higher so together are we looking at a $150k shovel at least ??
If you’re talking about the balance transfer, I transferred the balance of one credit card with interest to another that had no interest and has since paid it off… please watch my updates… thanks
This is not dumb; this is the American way of life. You are not alone, there are so many people living their lives the exact same way that you were only they have not decided to move to the next phase. What is dumb about this confession is the medical bill total for your husband as well as the student loans. America's health care and education system is terrible, and we can learn a lot from other countries. You will tackle this, just remember one debt at a time if you take small bites the meal won't seem as large. I started my adult life basically the same way, however I know I would have had three of these sheets completed. It took me awhile to pay off everything, but I did it and you can too. Keep your head up, this is not a you problem but a systematic issue.
Thanks for the encouragement. I agree about the medical bills and student loans. This country makes it impossible for people to get ahead. And that amount was just for ONE NIGHT in the ER. It’s ridiculous
With all due respect, this is not the American way of life for everyone. It is for millions, yes, but not everyone.
I completely agree that our health care system is absolutely terrible and ridiculous, including cots, etc! That said, that’s all the more reason I think we need to be very conscious of making a realistic budget, not charging ANYTHING until any and ALL credit cards are at -0- balances and, for sure - really separating our wants and needs.
The actual needs are few - housing, basic utilities, food, health insurance, retirement and an emergency fund (at least 6 months times our monthly needs). Everything else is a want, not a need. I often think that what we think of as “needs” are actually wants … gifts, streaming services and subscriptions, upgrades to phones, entertainment, getting nails done, going to sporting events, eating out, door dash, vacations, etc. And these “wants” are typically have a HUGE and onging negative effect on our budget - due to their ever accumulating interest, fees, etc. For example,
A loan or credit card balance of $5700, with 20% interest will take SEVENTEEN YEARS to pay off in total if a person only makes the minimum payment each month! I think many, many people don’t realize this! So, a vacation of $5700 (a “want”, not a need) would impact the entire budget for SEVENTEEN YEARS- due to ongoing interest as it would ACTUALLY cost a TOTAL of $20, 064.08!!!!!!! When one looks at this realistically, that vacation is NOT worth it and it sure doesn’t cost the $5700 that was charged in the credit card/loan.
Everyone needs to wake up and see how this keeps them trapped and still feeling like they can charge more, snd continue to see their wants as needs, etc. It’s hard to be “different” at times and not buy the newest, the greatest, etc - but it’s necessary to really get out from under!
All the best to you and yours.
I’m sorry - on my above post I also wanted to include my recommendation to watch UA-cam videos by Caleb Hammer. He was in debt himself at one point and then through planning, commitment and sacrifice, got himself completely out of debt and is now very financially stable and financially successful. I would suggest watching at least 4-5 of his videos to get some ideas and help on how to streamline debt paying, making a budget, etc.
Again, all the best to the creator of this channel here and all who are in debt. It IS possible to get out from under the burden and stress of debt.
@@papabear2515 thanks. I already watch Caleb Hammer and have stopped using the cards except for expenses. I’ve been cash stuffing and budgeting since June
@@papabear2515 I also mentioned in one of my updates that I would ABSOLUTELY be one of the people Caleb yells at. I was putting everything under the sun on my credit cards with the intention of paying them off and never did. I just kept digging the hole deeper and deeper and was avoiding creating a budget but I got it together now
I remember several years ago when I was in my debt journey. It was so hard to pay it all off and have to give up any overtime, bonuses, and any extra money I could spare to debt, but I had to keep telling myself I had no choice and I HAD to keep trudging along to pay my debts. I finally did and now I can put all my extra money to savings. It will be a long journey for you, but just take it one dollar at a time and don't charge any more. Good luck in your journey!
I remember that feeling…it was the main reason for paying off my debt…I wanted peace!!! I had anxiety and my stomach would hurt when I made minimum payments and it didn’t move the needle!! I’m not going to sugarcoat it…it will be hard and frustrating, but if you stick to it and continue to do the work and make the sacrifices, the other side is greener (financially)!!! It will change you…you will grow and develop muscle memory of making smarter financial moves!!! I was there…I have been budgeting for over 19 years…I changed my life and now my children’s life. I have a net worth of $1.5M and will retire in 5 years at the age of 47…you can turn it around and have what you want!!! I’m rooting for you…stay encouraged!!!
You are GOALS!! It’s definitely frustrating but ultimately I want to get to where you are 😩
Thank you for having the courage to put your debt journey out there. To me you just past the hardest part, making yourself aware exactly where you are in your debt.. it is fantastic that you and your husband are on the same page and in this together. There are so many who don't get that support. I am cheering you on and can't wait to watch your crush the debt! ❤
Thank you so much ❤️ it took a long time for us to open our eyes but we’re aware now
Girl, the first step of success is acknowledgment. Putting in front of you it becomes less scary and gives you motivation! It’s such a soul sucking thing debt, it can break people. I’ve been in serious debt 3 times! I paid the first critical point from an inheritance which taught me nothing. The next time it took 5 years to pay off and we were debt free for a long time then life happened and we got swamped and ended up filing bankruptcy in 2017. We were debt free until 2019 where not only did life happen but kept coming and here we are. I believe we never learn until we’ve had to put the work into paying it all off to understand how NOT to get in debt again. I’m so proud of you girl, you’ve got this!!! 💜💜💜🤗🤗🤗
Thanks for sharing Dani! This is also like my 3rd or 4th time but I never saw it through to the end. I never fixed the behaviors that got me in trouble but I’m determined to stop the cycle now. I’m still trying to accept it’s going to take a while to get out of it
@@NotBrokeForLong my sweet girl, you are young. You’re so far ahead of where I was at your age! What kicked me up the ass was… we have 2 years until retirement 😱😭 I’m determined to get things under control and enjoy it! You can do this, I promise and if you need a kick I can do that too 😂😘 But don’t become me, use me as an example to fight on. I promise you it will be all worth it in the end 💯💜
The hardest part is actually looking and writing everything down. It’s hard enough to do this in the privacy of your home but you’re sharing this with everyone and will encourage all of us to get a handle on our money! Wishing you all the best!
Thank you ❤️
I was where you are just 3 years ago. I finally finished paying off my debt in September. I absolutely refuse to take on any debt. I hate consumerism so I save my money for experiences such as travel and retirement. You can do it. It will be hard but you can do it.
You are goals. I also spend my money on our future and experiences and I would love to do that without debt. Thanks for watching ❤️
Girl this is not stupid or dumb. Stop being so hard on yourself. We all at some point make poor financial choices. The good part about what you're doing is you're trying to fix it and not let it keep piling up. I'm in debt up to my eyeballs too. I'm actually thinking about making a debt free journey page as well. That way it will help me stay accountable. Also, don't worry about what the internet trolls say, and stop speaking so negative about yourself. Speak life into yourself and your husband that God will bring you through this and bless your finances in Jesus' name. You got this!
Thank you for the encouragement 💙
Step one complete: admitting the problem. Without knowing your income it’s hard to be too encouraging. You have a bunch of debt that is small and hopefully you can get it out of the way fast.Then you get to tackle the big ones. You can do it. There are a bunch of UA-cam people who can give you guidance. Sending determination!!!!!
Thank you. The smaller ones are already out of the way and by early next year I’ll only have the big ones left
I had $70,000 worth of debt on a very low income. It took me 6 years to get out of debt. My home and car were included in that debt. I know if I can pay off all of my debt on a single/low income you can to with the help of your spouse.
Thank you ❤️ and congrats on being debt free!
I hope you see this: apply for the SAVE program. Go on your loan servicer and ask if they are apart of the program (its a federal program but not everyone will participate) if they do go ahead and apply. It helps you pretty much eliminated the interest occurring on your student loans, so you’ll only be paying principal. You can't keep putting off your student loans, they will kill your credit score even of you’ve paid off everything else. I hope this helps and good luck👍
hi! That was my story- a few years ago. Anxiety in a very well-paying job, so I quit a job, I could not find another with than money, so I used all my savings when waiting for another well-paying job. Then I started using cc and taking cash from credit cards to pay my bills!!! My total debt was $ 42,000!!! My husband didn't know about it. I remember when I woke up very often in the middle of the night and my heart was racing so fast. One night I woke up again and told God that I couldn't take this any longer. God, I am giving my all debt to you, I don't know how you are going to do this but that is your debt now... Of course, it took me a few years to pay this off but slowly I started paying this. I am debt-free! Except my mortgage. You can do this!
Congrats on taking control and freeing yourself from it! That’s amazing. I was losing sleep also and needed to do something to drastically change my situation. You realize the high paying job is not worth sanity. Thanks for watching 💙
You got this! I’m looking forward to following your debt free journey.
Hi Latrice! Very courageous of you. I know how you feel. I agree of making things easier to digest by not focusing on the debt that give you the most anxiety. Thanks for sharing. The good thing is that you are now awake and taking action. You sound pretty young so you have time to get it right!
Thank you Dee! I’m young-ish (33 😂) and I’ve been here a few times before. Every time I come back to tackle my debt it’s larger than the time before. I’m ready to get off of this rollercoaster 😖
It is so good to know we are not alone in our financial troubles. Yes, most of it is of our own doing. But it is great to have y'all to support all of us. One thing I have learned about every thing in life, stress affects us physically and also "tempts" us to take feel good actions; spend more money that we don't have. Been there, done that. But with being completely honest with ourselves we can be ok because WE Will conquer this challenge.
Thank you Deborah! Yes I've been dealing with bad decision-making for a long time and a lot of it was impulsive. Sometimes I didn't want to spend too much time researching or overthinking or putting more stress on myself so I just immediately swiped my card for whatever
This is a big step; thank you for being brave and sharing your journey. People are quick to criticize but when you know better you do better, and you are working on it. Not everyone puts in the work. Routing for you and your family. You got this!
Thank you so much ❤️
YAYYY! You did it! So glad you took the courageous step of not only recording but UPLOADING your debt confession! Give yourself some grace. There's more people in a similar or worse situation than you and can relate to you. The important thing is that you are actively working toward tackling your debt! No need to ruminate on the past, but moreso focus on the present and in the present you are making great progess! Congratulations 🎉 I'm excited to continue watching your journey!
Thank you ❤️
Give yourself some grace. We all have done dumb things. You are tackling debt that’s all that matters. ❤
Thank you ❤️
Hi Latrice! Very courageous to put this out there. Keep your head up, keep moving forward…if you fall, give yourself grace, pick yourself up and keep traveling along your journey! Don’t get discouraged by all of this (easier said than done) instead embrace it, and tackle it! Again, you’re so very courageous….shows that you’re ready to get this taken care of! I’m cheering you on!! You’ve got this!! 👍
🌸🙏🌸
Thank you much ❤️ I’m learning to give myself more grace
I feel the pain with facing the debt! My hubby and I just did the same thing…it was shocking! It made me sick too! You got this! I’m just starting the same journey! I applaud you for facing this head on! You will conquer this debt and be financially free! Thank you for sharing and inspiring others like me to face my debt and move forward too!
Thank you so much! It’s sobering to face it but an important first step.
Love your transparency. I'm rooting for you! Being debt-free will be such a weight off of your shoulders.
Thank you! Can’t wait to get this personal loan off of my back ❤️
I’m so proud of you for being brave to share your journey. You’ve taken the first step of accountability and now you’re putting action behind it, you’re not alone in this journey so many of us are on it with you. Continue to keep the faith and believe that God will help you get everything accomplished 💕
Thank you so much ❤️
Only those who are hard on themselves learn from their mistakes. That's what grown folks do. Writing it out brings it to light. I also did a debt confession. Credit cards are crazy. It's what you do next that matters. You got this ❤. Thank you for sharing ❤
Thank you so much ❤️
Sis you’re going to knock your goals outta the park …im so proud of your vulnerability…you will get thru this and look back on it and be soooooo proud!!!!
Thank you name twin!! 💙
Best of luck to you in becoming debt free. The hardest part is to get started and sticking to your budget but just remember each step and each dollar is a step closer to freedom. Don't be ashamed of living life you have a better future ahead. Good luck and stay strong..
Thank you so much! ❤️
It’s hard to sit down and see the numbers. But as I like to say, you can’t fix what you won’t face. You did the hardest part. Now you can move forward.
Thank you for watching ❤️
This was brave of you to share. Youve motivated me to tackle my family's debt. Good luck to you guys!
Best of luck to you too! And thanks for watching! ❤️
You’re not alone! We have all been dumb at all ages! You’re holding yourself accountable and being transparent by putting it online! I’m in the hole too! Can’t wait to dig myself out!
Thank you and good luck on your journey as well 💙
I backed up to watch your whole debt confession playlist. I know it’s tough 😢 I am rooting for you from Maryland. I just heard you talking about the ER bill being paid off and now I see where it started 😭
Thank you so much ❤️
Hello! New subscriber here. I'm Valerie from @CashBudgetRetiree. Welcome to the cash budgeting journey! One step at a time. Even baby steps will get you up the mountain. Just keep it simple and keep going!
That first step is the hardest, keep taking those steps. Any movement forward is progress.
Thank you ❤️
i know how hard it is to admit all to yourself & even more so online but it’s appreciated & you got this 👏🏽👏🏽☺️
Thank you so much!! ❤️
Oh hon we all do this. Don't feel bad you can get this taken care of so you can just be fab. I've been on my debt free journey since 2020 and I've since ended up with more CC debt instead of less. Life happens all you can do is your best. Just be consistent with your plan.
Thank you for the encouragement. It gets disheartening at times and I’m sure you know that. Good luck on your journey ❤️
You’ve made an important big 1st step: writing down all that you (and your spouse) owe.👍🏼 That is tough to do (and accept).
The trackers are great! I’ve used many of them as well. Now you can discuss your payment plans moving forward.
Great start! One baby step at a time.
Yes! Thank you! ❤️ seeing the total was extremely hard
You can do this!!! You have a co.munity which will support you along the way! So, keep your head up and take one step at a time. Rome was not built ina day; you are on your way to much success!!!
Thanks for the encouragement ❤️
I just want to say you very proud of you for moving on to get it out the way. The comments from all these awesome people have pretty much summed everything up that I would have said thanks to all the great comments people really need the support and know that you are not alone everybody go through the same thing in one way or another it’s life and nobody should be judged or put down for living and learning we here to keep each other encouraged and show support and be positive and respectful and helpful when we can keep up the great work you got this sis 🙏🏾💕💕💕💕💕🙏🏾
Thank you so much! 💙 You never know what people will negatively respond to but thankfully I got way more support. The encouragement from this community is incredible we're all working on improving our finances and ultimately our lives.
Things happen and sometimes we don't maek the best choices, but you are here now and improving it! Don't be too hard on yourself. You're doing great!
Thank you so much for the encouragement ❤️
I want to congratulate you on talking about it. I'm in the middle of my own and little steps are good to celebrate "little wins" 😊
Thanks for sharing!! Congrats on taking those steps too. I won’t have any more little wins soon so I gotta find another way to celebrate
It is sooo not dumb. You're being responsible, I'm still hiding from mine😂 But maybe one day soon I'll face mine too. Congrats on starting now instead of later, you got this!
Thanks for watching and for the encouragement! ❤️ Stop hiding 😂 you got this too
Stay strong Sis!!! I am right there with you. All that you said!! Life style CREEP!! We in it now… we just gotta keep moving!!! AND TRY TO
Learn something from these lessons… LIFE BE LIFEING And TEACHING US SOME LESSONS WE DON’T WANT TO LEARN!!!!!!❤
Thank you! Yes it took me months to realize lifestyle creep was going on. I’m climbing out of this hole though one day at a time 💙 we got this
Watching for inspiration as I’m on that journey as well 💕💚 new subscriber!
Gurlll...this is life, we all have situations that we have to climb out of. I relate to your journey, and your journey is alot of people's journey, so please don't be hard on yourself. Keep your head up because we are all in this together.
Thank you ❤️ I’m still trying to learn how to give myself grace
Don’t beat yourself up, so many people let debt get out of hand, but at least you’re seeing it and working on getting it paid. More than most.
Thank you ❤️
You’re doing it! Step 1 acknowledge Step 2 decide
Step 3 Take Action great job!!👍
Thank you so much 💙
Thank you for sharing your journey. You are not alone on that and certainly NOT dumb ❤ I get 100% what you were going through and how you came to this point. A lot of what you shared is me as well. Great job owning it and moving forward.
Thank you 💙
you did making the video. good job. i think America needs a better system of school and health care. you have learned your lesson and moving to debt free it takes you a little while but you are doing it and that is important.
Thank you! Yes this country sucks in both categories.
First step, acknowledge the issue. Sadly we all experience this… we wouldn’t have the budgeting community if we didn’t. I am so glad I used the student loan pause… I was able to pay off my last $13k!!! I’m currently working on my car and then it’s the credit cards. You’ve got this! 🙌🏼 one at a time.
Congrats on tackling the student loans!❤️
New subbie here! Been here done this but never had the courage to do a video on it. Please know it gets easier.. Baby steps girlfriend! One check at a time! We got you!
Thank you so much! ❤️
I love your courage! You got this!
Thank you! ❤️
Thanks for sharing! Always good to see different ideas etc to help. ❤
You are so welcome! Thank you for watching ❤️
That last one almost gave me a heart attack. U will be okay hun, u will get through all this. My biggest debt is my car. I used to do what u did take loans to pay debt then still use the card. And I have caught myself and I'm starting to work on my debt.
Yes I want to get out of this awful cycle. Every time I get a personal loan the amount is higher. I'm determined for this to be the last time though. Thanks for watching 💙
Hi!! I just found your video. I’m also paying off debt in phases 👍 subbed and following your journey 💙
Thank you for subbing!! You got this! ❤️
Keep with the plan, you will get there, and your life will be so much better. Just make sure you take the steps not to go back into debt.
Thanks for the support ❤️
I think ur doing amazing just getting this all down on paper and working towards paying these off. Well done
Thank you so much
6k....damn...bummer theres not funds for the medical bills. Sometimes the foundation will pay the remainder after application for harship ♡
Cheering you on!
Thank you for the support and encouragement! Yes we tried every avenue but it was too late for us to try to get assistance with it. Thankfully it’ll be paid off soon! (Check out my January update 😁)
Watched til the end. On a positive note you have two incomes to help you plow through this. 💕✨
Thank you! True it makes it a lot easier to get through ❤️
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 ❤️ it’s so hard to face it and post it for accountability but I need this to get further than I have in the past
Lol love your thumbnail. You WILL pay this off! I’m excited for you 🙌🏼
Thank you so much 😂💙
Thank you for sharing it's really helping my stress levels
You are so welcome! Thanks for watching ❤️
I was addicted to credit cards, I was so addicted that I would be in store and get excited when strangers would apply for card and get approved
Wow I can understand the addiction. I was pretty much using mine as additional income
Hii!! 6:15 i opened that Tally account too but i screwed up by using up the card it paid off😢 its a struggle
8:46 oh nooo, so sorry about what happened to your husband
The lord is your Strength, youve been through alot
You can do this 💪🏽
Thank you so much ❤️ it’s so hard to not use those cards again but I started closing mine
Hey luv, absolutely not dumb at all. You are brave to actually put this out there. Stay consistent and give yourself grace and lil by lil you will see the balance go down. Best wishes and I’m here to follow your journey and to encourage you along the way❤
Thank you so much Sita ❤️
If you haven't already, you should look into the SAVE plan for you and your husband's student loans. It gives you a lower minimum payment and if the interest accrued that month exceeds your minimum payment amount, the remaining accrued interest is waived. In short, if you make your minimum payment, your loan balance never increases.
Thank you 💙. I'm actually in it already and got my payment lowered again. It was $700 at first and now it's like $320.
When I finally had the courage to sit down and total all my debts it was a sobering moment.
It’s definitely eye opening. Thanks for watching ❤️
It's not dumb... You got this!!!!❤❤❤
Thank you so much 💙
New sub! Great job stepping out of your comfort box & taking the plunge to get yourself out of debt. The hardest part is done.. now it’s time to focus…you’ve got this!❤❤❤
Thanks for subbing and thanks for the encouragement 💙
I don't know if you've looked into the SAVE plan, but that should prevent your student loan balance from going up (though it may stay at the same balance despite payments that you make).
Thank you. I’m on the SAVE plan now and you’re right the balance is staying the same as long as I pay the minimum. Because of that I’m not tracking it with the rest of the debt now until I can pay more than the interest
You are so string. It was hard for me to do mine also. But as time goes on and I look at it monthly I am encouraged. April
Thank you so much April ❤️
This is very brave of you to face and I look forward to watching you succeed! ❤
Thank you so much! ❤️
If this makes you feel any better, I started at the same exact number almost 2 years ago (only student loans) and I’m at 39K. So you can do it, slowly but surely
Wow good for you! Thanks for the encouragement ❤️
Ask the hospital for an itemized receipt and see if it goes down. I’ve seen people who have done that and it went down
Thank you. We’re trying that soon. Hopefully it works out
First step ✅ keep on going!!
That's the plan! Thank you ❤️
You are taking the first step 🎉 We all do dumb stuff, but this isn't dumb. Its the american way of life unfortunately. Im happy for you for taking charge and moving forward ❤
Thank you 💙
The only people who should use credit cards are people who can pay the balance off in full at the end of each month.
Yea thanks
This is dumb.. many people have this exact same issue.. here for this journey🎉
Thanks for watching! ❤️
Good luck, you can do this!
Thank you! 💙
Look into velocity banking.
Thank you
Hello, here for the journey ….how can we get this debt worksheet
This not dumb.. We or should I say some…have been in your shoes..Some people are still going through this.. I’m still paying on debt as well.. Hubbie and I owed 70k of debt not including our house.. We do not make a lot of money at all.. I’m a medical assistant & hubbie a firefighter..So that speaks for itself.. we put our big pants on and worked together to get our debt down to 17k..So, trust me when I say..this journey is no cake walk.. You have to give up so much and say no to a lot of stuff.. But, later on once this debt is gone…we can do so much more.. Just know…you & hubbie got this.. Jut don’t give up & stay the course..
Thank you so much! Congrats on getting a huge chunk paid off ❤️
Subscribed- you can do this and I’m looking forward to your updates!
Thank you and welcome! 💙
Are you incorporate good Credit Card habits though? Because once you pay them off and don’t use them, they will close. Which will negatively impact your credit score.
I am with one card. If I make an online purchase I sometimes use my credit card and pay it off with the cash I have. I only want to leave 2 cards open
I'm not sure if you said this or have already tried this for that emergency bill.. have you tried to see if that hospital assist with financial help see if that entire bill could be waived?? they typically would want w2 documents of certain amount of pay stubs etc
We tried asking about that but it didn’t help. I’m gonna try again though. I really don’t want to accept this amount
@@NotBrokeForLong I definitely.. my boyfriend was in a bad car accident.. his hospital bills up to a little over 90k.. he was able to get financial assistance .. the full was taken care of. keep trying
Thank you for sharing .
Thank you for watching ❤️
We will be debt free, slowly but surely.
Thank you ❤️
I know it seems whatever but you need to look into your student loans and make sure you're at least covering the interest on your student loans. And if you're paying more than just the interest is accumulating then you should still track them because even making a minimum payment you're making progress so long as it covers all of the interest
Thank you
God's got you!!!!!!
Thank you ❤️
What gets mentioned gets managed
That’s a gem. Thank you ❤️
you are brave. and you set it up well
Thank you ❤️
You get to be who you are and where you are in life. You don't owe anyone any explanations. You made the decisions you made at any given time to the best of your ability at the time. Anyone who doesn't understand that doesn't have a good understanding of life. Don't worry about them. You're facing your debt, making a plan and paying it off, and all of that is commendable, responsible, and full of integrity. You're doing a good thing here for yourself and all the people who watch your channel. Hold your head up high and be thankful you can work on getting rid of this debt!!! 👏🫡☺️☺️☺️
Thank you for the encouragement 💙
Stay strong ❤
Thank you ❤️
What a fab video new subscriber here , very brave ❤
Thanks for subbing! ❤️
👋🏽💙🙏🏽 keep your head up! You got this!
Thank you!! ❤️
I support you!
Thank you 😊
Healthcare in USA sucks. $6.4k? Crazy
Ridiculous. That was one night in the ER smh
You got this! ❤
Thank you so much! 💙
People can pay off debt, its the interest rates that bullies your income
I'm sorry about the medical debt, those events are unexpected. Other then that how big is your shovel, i assume your shovel alone is at least $90k since to justify your masters rate of return it should be around that or higher so together are we looking at a $150k shovel at least ??
Thank you. It’s actually less than that but we’re working on bringing more money in
Yes..this is a mess. I'm confused as to how you put cc on another cc.
If you’re talking about the balance transfer, I transferred the balance of one credit card with interest to another that had no interest and has since paid it off… please watch my updates… thanks
New subbie as of today
Thanks for subbing! ❤️
Holy fuck. You weren’t in that bad of a place before that discover loan but that’s truly the killer
I know 🥺 it’s the next thing I’m focusing on when this ER bill is paid off. Thanks for watching ❤️