November Budget Results | 💳 We Paid Off Over $2,500 in Credit Card Debt!
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- Опубліковано 3 лип 2024
- November was such a successful month for us! I don't expect us to make so much progress EVERY month, but it certainly was an encouraging start to our journey tackling our debt in earnest.
I really owe it all to YOU, so I owe a HUGE THANK YOU to anyone who has purchased from my shop, liked/watched/commented on my videos, or followed/engaged with me on instagram, because it all contributes to the growth of my side hustle and I want you all to know how much I appreciate every little thing that you do for me! 💖
PS - I am planning a giveaway for the end of the year, so keep an eye out for that!!
LINKS
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My Instagram: bit.ly/caffeinatedcaitinsta
My Etsy Shop: bit.ly/shopcaffeinatedcait
Dec Budget Kit: etsy.me/2yNU3NX
Jan Budget Kit: etsy.me/2Bc1qRU
Feb Budget Kit: etsy.me/2E90kco
Planners I use:
Erin Condren LifePlanner: bit.ly/2Ea98ia
EC Deluxe Monthly Planner: bit.ly/2mBjQDC
$10 off your first ErinCondren.com purchase: bit.ly/CC_ErinCondren10
(Complete the registration and you will be emailed a $10 off coupon. If you make a purchase, I'll receive a $10 coupon as well!)
YNAB, aka "You Need A Budget" - This is the budgeting software that I use (also a referral link. If you choose to sign up after the free trial, I'll get a month free)
bit.ly/CC_YNAB
Thank you to anyone who uses one of my referral links, I truly appreciate your support!
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It's crazy how many times I see people commit to the babysteps then BAM everything on the income side changes! congrats
Right? It's a total mindset shift
Dave Ramsey says, “Adults devise a plan & stick to it, children do what they want to do”.
Just curious; why are you still using a credit card? You spent over $900 on the card & gained less than $11 back. You can’t get out of a hole by digging out the bottom. Also you really should have sinking funds because you are going to spend the money anyway. A small amount set aside each paycheck allows you keep your snowball intact. Please review what Dave says about sinking funds - that you should have them especially around car & home maintenance. If you aren’t a follower of Dave Ramsey ignore all of above.
Hi Robbie, Thanks for watching! First, I'd like to just reassure that we in no way use the card with the intention of getting rewards. Secondly, this is our first month transitioning off of the card. I'd like to stop using it altogether, (I personally don't use the card at all, only our debit card). Also, I basically pay off any recent transactions at least weekly just to account for things that DO end up on the card. And finally, In terms of sinking funds, I'll be establishing them soon, however right now I'd rather put as much money towards the debt as possible. I'd feel better with $200 less on the card gaining interest than I would with $200 in a bank account. (hope that makes sense) With our current income, I feel pretty good about being able to cash flow things that come up. All that to say: Yes, I try to apply as much of Dave's principles as I can, however, I'm not a Dave Ramsey "purist" either ;) Thank you so much for watching and for your suggestions!!
I love your budget kits. Great job on sales.
Thank you!!
Great job!!! I’m so bad at monthly budget follow ups. I gotta start filming them! You did so well! Way to go killing it on the income.
I like the use of the green pen for under budget balance and red pen fit over budget amount. Thanks for another great video.
Thanks! I'm a super visual person so I like to be able to see at a glance where the problem areas are, especially month to month
I loved your video this month. Congrats on paying down so much on your credit cards.
Thank you! I felt pretty good about this video, I'm STARTING to feel a little more comfortable while recording lol!!
Congrats on such a successful month and paying down your credit card debt!!! Great video. Thank you!💖 I would also love a demo on YNAB.
Thank you! and you got it ;)
I've been watching for months. I love your videos! And now I'm seeing others do budget with me with your kits on other channels! How exciting! ❤
😁 thank you, it has been very exciting!! Who else have you seen using them? I know of a few who have used some of my stickers but the only person I’ve seen use the kit so far I think is Romina. I don’t want to miss any!
@@CaffeinatedCait A very merry life I think. I've been with you since the lemons (I cant remember the month) but I got so excited for you! Hahah
Congrats on your huge accomplishment in your debt snowball!!!
Thank you!! We're super excited!
Do you need help settling your credit cards debts, or loading money in your bank accounts, credit cards, Paypal or other financial Institution. Ghost is the best man for the Job. No Upfront Payment of fees, No bullshit! Text/whatsapp him now and Thank me later 4696163919
Happy New Year Cait. I am anxiously waiting for my stickers. I was wondering if you could make a Business Sinking Funds sheet? Since we do those separately. My stickers are on their way. I can’t wait. 😊
Happy new year! that's a great idea, having stickers specifically for business. I'll add it to my requests! (I won't be able to release anything new until Feb, unfortunately)
Do you need help settling your credit cards debts, or loading money in your bank accounts, credit cards, Paypal or other financial Institution. Ghost is the best man for the Job. No Upfront Payment of fees, No bullshit! Text/whatsapp him now and Thank me later 4696163919
Yes I would like to see a video on YNAB.
ThisLifeofMineTV me too!
Hi Cait I just found your channel and I love your kits. Are you going to add a section for people who plan paycheck to paycheck to the monthly kits? Im just really starting to get into budgeting and it would help so much.
Hi Erica! Yes, I plan on having a kit for weekly & or paycheck to paycheck in the future! Probably in Feb since I will be reducing my hours at work starting in Feb! :D
Yay I can’t wait thank you!!!!!
Do you need help settling your credit cards debts, or loading money in your bank accounts, credit cards, Paypal or other financial Institution. Ghost is the best man for the Job. No Upfront Payment of fees, No bullshit! Text/whatsapp him now and Thank me later 4696163919
Please make a video on YNAB, I just signed up with your link...
I will probably be filming it on Monday! I’m planning it out today but it’s nearly impossible to film unless my daughter is in school lol! It will be a mid-month check-in and a brief overview on how I use YNAB throughout the month to keep an eye on how things are going... hoping it turns out how I envision it 😊
I enjoyed seeing that big payoff on your credit card? Do you have a sinking fund for taxes in case of owing for having your own business or do you think you may have enough write offs?
Thank you Nicole! It felt REALLY good to pay so much off :) Yes, I track all of my expenses/income in Quickbooks so I have an idea of how much I would owe, and I keep a little more than that tucked away in a business account...the taxes get set aside before I pay myself, so you'll probably never see it in one of these videos (unless I start getting into business stuff) Thanks for watching!
Great video. The stickers in this planner are all from your store?
They are! And Thank you! :)
I really enjoyed. New subscriber💛
@@CaffeinatedCait I'll be sure to get some. I make budgeting videos and couldn't find any budget kits with the cursive style writing and earlier your video popped up. Only to find out you make kits that are along the line of what I require. How long is shipping to the UK, ENGLAND?
@@OurSimpleLyfe I can't say for sure because I've never shipped to the UK before, but I just looked it up and it looks like it could take up to 4 weeks :/
@@CaffeinatedCait thank you. I'll message you on your etsy shop hun. Have a few more queries. Thanks so much for your honest, quick and efficient replies. #CustomerServiceOn100 👍💛
Do you offer your followers any shipping or shop discounts?
Sure! You can use THANKYOU15 for 15% off :) Thanks for watching!!
Ms Cait, I was wondering the point of canceling the 401k, when your only using your income for bills and not your husbands. It's important for your retirement. Take this from someone that had a late start in contributing to my 401. As a single mom I couldn't .
Thank you for your concern Tracy! We aren't neglecting retirement entirely, We are using Dave Ramsey's "baby steps" method, which recommends stopping retirement contributions while you are getting out of debt. The purpose is to throw everything you can at your debt to get out as quickly as possible. Once you're out of debt and have a 3-6 month emergency fund in place, the next step is to put 15% of your income into retirement, which would be super easy to manage because you won't have any debt payments at that point (besides a mortgage)
Thank you Cait, makes sense
Can I ask why you still use your credit card? Is it for the cash rewards? Thanks!!
Hi Stephanie! No we don't use it for rewards. November was our first month transitioning off of the card, so a few of the expenses were just auto-pays that didn't get switched off yet. Besides that, my husband is a little more resistant to using the debit card ;)
Caffeinated Cait got it! Thanks for sharing 😊
Do you have a shop coupon for your shop?
Yes ma'am! THANKYOU15 for 15% off :)
How come your husbands income isn’t included?
Does the salary section include your husband’s salary? Or is he a stay at home papa?
He has his own business, which has been going through a major renovation/expansion so he's not taking any withdrawals for the time being... just re-investing it in the business :)
Do you need help settling your credit cards debts, or loading money in your bank accounts, credit cards, Paypal or other financial Institution. Ghost is the best man for the Job. No Upfront Payment of fees, No bullshit! Text/whatsapp him now and Thank me later 4696163919
Does this income include your husband’s income?
Nope! He has a gym/personal training business, and we are working on moving it to a larger location so he's not currently taking any withdrawals