Tee, you got this!! This was so relatable. I used to do payday loans all the time to make it to the next paycheck. You are not alone! Your story is just like a lot of others. Thank you for sharing. It's so much more than hearing about others' struggles and debt because everyone falls short sometimes. It takes so much to recognize it and ask for help and want to change. We get to hear about how people, just like us, found a way out through people like Jen! Jen, you should definitely do follow ups with the people you help, I would love to know how they are and if they take your advice!
You and your family have this. Take this as a bonding. Team effort. Don't be like me, 60 yrs of age, with 0 for retirement. This channel has helped me evolve. I'm single and have no one to team up with. Let your family help.
I totally understand how you feel I’m 61 and my husband is 65 and he wants to retire and we just can’t afford it yet because of my stupidity and credit card debt, and we have no house payment but we do need a $30,000 repair that needs done on our home that we can not afford because we r to old to keep putting ourselves in debt so I agree get yourself on track now because you are still young enough please ❤
This is the first year we have had a 1000 $ emergency fund. Since Jan 1 we have had a washer die, refrigerator die, and our garage door just failed! Each one was about 3 months apart. I used the emergency fund each time and built it back up before the next. If we didn’t have it. We would still be paying for each one, total was 3000$. Please get your emergency refund and keep it separated. My husband says “ man we can’t catch a break… I said to him… who needs to catch a break when you can swing that emergency fund bat those issues!
Thanks for being so honest with your financial hardship. I've learned a lot of what I should and shouldn't do , so thanks for the lessons, just remember this is a lesson and a blessing to all ☺️
It really is the only way for others to know - to see something like this will help so many others. These companies should be illegal- just taking advantage of others. I don’t know how anyone can work for these places.
My eyes are leaking right now, feeling all the feels, this hit hard for me in so many ways. Been there done that got the t-shirt! Please Tee, know you are never alone in this journey and with some hard decisions and choices and a chance to make it right, Im sure you and your husband will prevail. Do the hard things, and I feel in the end you will both be so much more appreciative of what will come to you 10 fold for doing the hard work to make it right. Much respect, and you have your internet fam routing for you and cheering on your family. 😊 PS: well done Jenn, thank you for showing Tee empathy & understanding 👏❤️
Tee, thank you for sharing with us. Money is a tough topic of conversation for so many of us. I hope you know we all have your back in some way. Much love to you, and your family. These are great things to talk to your children about. I have started having conversations about our finances with my 10 year old so that he is aware of what it takes to run a household.
Omg those interest rates and the amount they would pay in interest literally made me sick to my stomach! I wish them the best of luck and hope they follow your recommendations ❤
I was shocked that so many of these loans had minimum payments that did not even pay the loan off. That was eye opening! SEt up to have to pay FOREVER.
I get a lot of that mail that is offering loans and advertises REALLY nice interest rates -- but the names are totally unknown to me and so I don't trust them even fi I could consolidate my debt to a lower interest rate and I've been showing them to my teenagers to warn them NOT to take out a loan sent to them in a envelope like this and they've been wondering "Why not? Isn't 9% interest better than 20-something?" And I've just said "There's always a catch. I can't see it from here. But I don't trust this. They don't send these offers to you for YOUR good, but theirs -- now I have something else to warn them of. Make sure the payment they are paying 1) is applied correctly to their loan (I had student loan payments back in the day that were being applied to future payments instead of to drop principal) and 2) Will actually pay off the loan eventually.
I just calculated my student loan payment using the site she used, and it says that I would never pay it off with the payment they assigned. Now I'm even questioning the validity of those loans 🤔
@@shawnda8317 Are you on income driven repayments? If so I think part of the deal may be a "If you make payments on time X years, we'll forgive the rest at the end" (Which has a uncertainty of its own.) I know back when I had student Loans (late 90s), I had a hard time getting visibility on if my overpayments were actually being applied to principal and not to future payments. I was not getting receipts that made this clear and when I asked for records, they dragged their feet and when I finally got it, it'd be like a year out of date. I finally paid it off with a personal loan at my credit union and then paid that personal loan off -- which I could see everry payment in detail through my online account.
Tee and family, thank you for sharing 🙏🏼 I am currently trying to pay off debt, as well, have been in the negative a couple of times, so I know how hard this is and I know you can do this. We will do this, Jen is amazing and this is helping so many of us ❤❤❤
Tee, you've got this, I've been in the same boat as you and your husband, and the cash envelopes work, with a monthly budget . Wishing you so much peace and happiness on your journey ❤
Tee and family I am praying for you. 2 sister bees. She is awesome. I have only been watching for a few weeks. It really has made a difference in my life. I know you can do this. Keep the faith.
This was a great breakdown video. I’m always shocked at how many people don’t budget or run the numbers to see if they can actually afford something. I’ve been working with my teen daughters to show them that they can afford anything but NOT everything. Life is about trade offs. I tell them when it comes to fancy cars we only know 2 things. Either that have a huge payment and insurance every month that they will have to work for 7 years on average to pay off or they are $60,000+ poorer because they paid cash. 🤷🏽♀️. I bought a used Honda CRV for $20,000. I put $5,000 down got a side hustle and paid it off in 14 months. I HATE car payments. 😒
Tee & Hubs....you got this. It will be very uncomfortable for a while but you will come out the other side so successful. My recommendation is to create a spreadsheet and put all your pay dates and bills in there in date order. This way you have a visual and can easily see the amounts available to throw at those debts. This is all I use. I get lost in paper and having a spreadsheet that I can play around with helps me mentally.
Oh Tee, I’ve been in your shoes! My parents bailed me out. I did not learn. We did multiple HELOc loans, paying off round after round of credit card debts. Did not learn. It wasn’t until we went strictly on the envelope system that I finally AT 60!! learned my lesson. I literately had to cash out our paychecks and divide them up before we could finally start getting some traction. Jenn, yours and other like videos have helped but I had to unsubscribe for any that were anything other than like minded people. Sending comforting thoughts, Tee. And thank you Jenn. You are doing amazing work and I am grateful.
@@SylviaMc0912 I'm 69, so I feel your pain. We were in debt and struggled until I learned this system. My husband works 32 hrs/wk. The only thing that ultimately saved us was having paid off our house and his used truck in July. Now we're saving (finally).
Tee, keep going forward and do anything you can to get out of the red. I can't believe there are companies out there allowed to do this in our country. I know you turn it all around and feel better about where your money goes!! 💜XOXO
Tee, in addition to the suggestions in the video, you can call and ask about a payment deferment on you vehicle loans. It will move 1 payment to the end of the loan. It will give you a little breathing room for the month while you decide what you are going to do moving forward
This was a great video. So many people get caught up in these predatory loans either because they have bad credit or do not have a budget in place. Trust me I know, I was one of them. It took time and sacrifice. And if you are willing to make changes and NOT "keep up with the Joneses", you will be on a better financial path. Tee..Jen has provided you with some great solutions but honestly, it is up to you and your partner to decide if you are sick and tired and being sick and tired. It will take some time and you will feel as if you are missing out, but you are not. Currently what you are missing out on is an amazing, stress-free future. Remember, these changes are temporary. Stick together and cheer each other on. We are all here with you, cheering you on and hoping you nothing but success. Now go out there and kick that debt in A**🤣
Tee, hang in there! Together you two can do this!!!🎉🎉🎉Jenn, this was amazing!! So good but scary but doin without isn’t forever. I’m overspending in groceries… should I sell my car? Those creditors should be illegal! 💙so helpful!!🐝🎃
Wow, this was really a great video. The advice you provided was top notch. Very thorough, detailed and honest. I loved it. I also love the encouragement the community is offering.
Praying for you Tee and your hubbie. This plan is doable. Be patient and don't give up. Dave Ramsey also suggests all extra income towards the lowest debt and do debt snowball. Its amazing how quickly things change once you get started.
She can - it’s really a total overhaul and her and her husband will need to be on the same page about anything they do, moving forward. They CAN DO IT! 👏💛
Tee!!! ❤ I know exactly what you’re going through! This was so helpful for me, and I appreciate you being so vulnerable with your personal financial struggles. I hope you give us an update and keep us all posted on your progress. It makes a difference. It holds you accountable and helps others like me who now won’t feel so alone.
Tee and fam. Jennifer has your back. You can do this. Listen to relieve the stress on your budget but also your marriage. Money is the root of most couple arguments. Become one and fight this debt together.❤
I agree with all the things!!! My daughters car was from a buy here pay here place. $4000 with TTL, needed about $2000 in work but it runs like a dream, gets great gas mileage, decent insurance rate, I have no regrets for buying her car… and we own it!!! No payments. You can do this!! Sacrifice for a time so you can flourish for life.
Been there. I didn't want to but I finally had to file bankruptcy. I just couldn't find a way out of it. I lost my home my car everything I had . I was living with my son. Check was getting garnished so little money left to pay anything. I had a 3 year girl at the time. I filed bankruptcy but I pulled myself up and you can too. GOOD LUCK. PRAY A LOT
Good Evening, I’m listening to this and I feel them on this this is real I’m at myself. I work 2 jobs and still drawing on a budget and trying to stop overdraft my account 😢😢😢😢
I love these videos! I would say to anyone claiming bankruptcy...........If you do it, you HAVE to change your ways or you will be back in the same boat and to me that is unethical. Tee you are heading in the right direction and trust me, once you start budgeting you will question/feel every dollar you spend and save and it is good to be so in tuned. Cheering you on!
This was a very interesting video. The property is probably a balloon loan. That what they typically are. The first 3-5 years are interest only and then a balloon payment at the end. The thought process is that the land will be rolled in to the traditional mortgage once the improvement on the land is completed.
You guys can do this! Once you get rid of the "extra stuff" whether it is one of the cars, extra things in your home you will feel so good! Know that it will take BOTH of you to make this work. Talk to each other about money and what you're willing to do to figure it out. It will be hard but it will be worth it! If you or family were or are in the military ask about Verizon's military discount, saved us a lot by having my brother be our administrator on our account.
I am a widow with 2 children. My daughter just graduated college, and my son is a junior in college. My car insurance increased even though we all have good driving records. When I called our agent, I found out it actually saved money by removing my children from my car insurance and having them get their own individual policies. I am also guilty of wanting to continue to support my kids. As a baby-step to increase their independence, and help me with separating my sense of obligation to them, I told them I would pay half of their insurance cost for now with the goal to have them take it over completely in a year or two. Hard to believe this is a significant savings with 3 individual policies versus all 3 of us on one policy.
Tee & Fam, you’ve got this. You will look back next year and feel so relieved. Thank you for allowing Jen to share your story. I was in the same situation almost 2 years ago and so happy I found this amazing community. 😊 Here is to freedom for you & your family.❤
My mama always said, "do what you have to do until you can do better." I do not own a tv....i use my cellphone for any news etc. I unplug everything (even the washer) until needed....saves $$ on electric bill. It really makes a difference! Walmart would own me if I didn't go in with a prepared list and keep up with spending - also the app & pickup is a great way to watch your "muntay."
I bought Speedy at a buy-here-pay-here on Jan 6, 2021. No breakdowns. Did have to get 4 new tires within 155 months. I paid $5000 up front and in total. No loan. I love her.
Totally understand this! Over the years this has been me! I am just getting started with system this next month and I pray that it works. Consistency and commitment are going to be the key factor.❤
25/50 coverage is greatly underinsured. This is not saving money- this is taking an extreme risk that can ruin your financial future. If you own a home, you need at least 100/300 and should always carry matching uninsured motorists. You can raise your deductibles and not have roadside to save but you don’t want that low of liability.
I a[predicate your honesty. I have a 29 year old and a 26 year old in my house, they are both on my phone service, my youngest doesn’t drive. My oldest got my husbands hand me down car. I put her on her own policy and saved $1200 a year. Then my husband bought a new car and my insurance with farmers went to $2300 every 6 months, I switched to AAA and my policy went to $1290 a year.
Talking about insurance our car insurance is close to 1000 a month with USAA! We have 2 newer vehicles 2 older vehicles, me, my husband our 22yo and 19 year old college students on the policy. It is ridiculous, but I do not think I can find anything cheaper. 😢. I live in Texas btw.
The good things are that every time i pay my credit cards each month the interest is starting to go down a bit like 5 dollars or more every dollar down help me feel better and by not charging on them anymore is bring my available up higher and i not going to be using that because i not going to be charging on any of these for a long time 💪👏
I was thinking take a 401k loan for those high loans and pay them off asap . They could be a few and it comes out per check but they would be paying them self back. Just on those 3 payday loans
They are better off to save $170 month for food. I never would have turned to my car in because that's going to add adversely affect them for 7 years like a bankruptcy.
i am in shock that the interest in america can be so high. i want you wish you the best but i think is your payment for your carpayments is sky high. you can do this Tee. I am living in europe in the Netherlands and we don't have here a lot of cc ore loans for cars. Now here is leasing a big up come but it is not good either. What i see is that people want a big expensive car for the status. I hope that you can say for your selfs your husband and you that other things as happiness and that you can live your live in peace without the struggle financialy. I hope that you and your husband can making good desicions for yourself.
I had to get a new card out this month with a promo to be payed off in 6 months with no interest for dentist work for my tooth to be fix so I am going to be making payments on this until April 2025 then it's going to be payed off
This story and video inspired me to do some car insurance shopping, and Man, oh Man! I am happy to confirm I just saved over $860 for a 6-month policy, with the exact same coverage! That means, if all goes well (God willing) I will save over $1,600 in 2025 on car insurance! (Which I can now set aside toward my deductible and car maintenance - that has never been possible before!) And my next bill isn’t due until mid-December, so I can put money aside for it and pay in full. That has also never happened in my life! Never have I been able to afford to pay off a 6-month car insurance policy. That is outrageously cool! You guys!!! Do yourselves a favor and just go shop around! Take the time and save the dime! ❤⚓️🙏🏻 I’m crying a little. I can actually see light at the end of the tunnel.
Your comment made ME cry a little! 😂 That’s awesome!!! It really is just a matter of checking! Sometimes, it may be for nothing but SOMETIMES- this happens!!! For me - keeping the same coverage still saved me but not quite that much. So since my situation has changed - I lowered coverage. I don’t need that high coverage on this car. I was still acting as if I had a loan on it- I don’t! I’m so glad I checked it again. Every 6 months, check! It’s worth it!
T mobile hone internet by cell tower starts at 60 plus tax. If you are not working at home. My unlimited phone and internet under $130. But I am over the 55 age.
Here tuned in. Ugh, I feel for her. 💔❤️ how the heck did we get to this point. I know it takes sacrifice and mental strength. 🥵🫠 we are all doing the best we can. TY for sharing her story, and helping so many people out here.
Tee, you got this!! This was so relatable. I used to do payday loans all the time to make it to the next paycheck. You are not alone! Your story is just like a lot of others. Thank you for sharing.
It's so much more than hearing about others' struggles and debt because everyone falls short sometimes. It takes so much to recognize it and ask for help and want to change. We get to hear about how people, just like us, found a way out through people like Jen!
Jen, you should definitely do follow ups with the people you help, I would love to know how they are and if they take your advice!
You and your family have this. Take this as a bonding. Team effort. Don't be like me, 60 yrs of age, with 0 for retirement. This channel has helped me evolve. I'm single and have no one to team up with. Let your family help.
I totally understand how you feel I’m 61 and my husband is 65 and he wants to retire and we just can’t afford it yet because of my stupidity and credit card debt, and we have no house payment but we do need a $30,000 repair that needs done on our home that we can not afford because we r to old to keep putting ourselves in debt so I agree get yourself on track now because you are still young enough please ❤
Tee, you will rise above this. You will conquer this debt! Jen's advice is sound.
Jen, you are a personal finance vigilante!
Thank you, Tee for being so brave to share your story with us! Life is hard right now for you with everything you have going on, but you can do it!
This is the first year we have had a 1000 $ emergency fund. Since Jan 1 we have had a washer die, refrigerator die, and our garage door just failed! Each one was about 3 months apart. I used the emergency fund each time and built it back up before the next. If we didn’t have it. We would still be paying for each one, total was 3000$. Please get your emergency refund and keep it separated. My husband says “ man we can’t catch a break… I said to him… who needs to catch a break when you can swing that emergency fund bat those issues!
Yeah and not have to use a credit card between the car and the house, I've had to use my emergency fund like three or four times already.
Thanks for being so honest with your financial hardship. I've learned a lot of what I should and shouldn't do , so thanks for the lessons, just remember this is a lesson and a blessing to all ☺️
It really is the only way for others to know - to see something like this will help so many others. These companies should be illegal- just taking advantage of others. I don’t know how anyone can work for these places.
My eyes are leaking right now, feeling all the feels, this hit hard for me in so many ways. Been there done that got the t-shirt!
Please Tee, know you are never alone in this journey and with some hard decisions and choices and a chance to make it right, Im sure you and your husband will prevail.
Do the hard things, and I feel in the end you will both be so much more appreciative of what will come to you 10 fold for doing the hard work to make it right.
Much respect, and you have your internet fam routing for you and cheering on your family. 😊
PS: well done Jenn, thank you for showing Tee empathy & understanding 👏❤️
@@sachaboudreau5613 Absolutely Big Time cheering you on
Tee, thank you for sharing with us. Money is a tough topic of conversation for so many of us. I hope you know we all have your back in some way. Much love to you, and your family. These are great things to talk to your children about. I have started having conversations about our finances with my 10 year old so that he is aware of what it takes to run a household.
Omg those interest rates and the amount they would pay in interest literally made me sick to my stomach! I wish them the best of luck and hope they follow your recommendations ❤
Ikr I just about had a heart attack when I saw those interest rates.
This video is awesome. I learn so much every time..
Hi Jenn 👋🏾
I am here listening while working hard lol
I love this series 👀
🩷💕💛🐝🩷💕💛🐝🩷💕💛
Hi there! Thanks for watching - (listening) while you work 💛🐝
I was shocked that so many of these loans had minimum payments that did not even pay the loan off. That was eye opening! SEt up to have to pay FOREVER.
I get a lot of that mail that is offering loans and advertises REALLY nice interest rates -- but the names are totally unknown to me and so I don't trust them even fi I could consolidate my debt to a lower interest rate and I've been showing them to my teenagers to warn them NOT to take out a loan sent to them in a envelope like this and they've been wondering "Why not? Isn't 9% interest better than 20-something?" And I've just said "There's always a catch. I can't see it from here. But I don't trust this. They don't send these offers to you for YOUR good, but theirs -- now I have something else to warn them of. Make sure the payment they are paying 1) is applied correctly to their loan (I had student loan payments back in the day that were being applied to future payments instead of to drop principal) and 2) Will actually pay off the loan eventually.
I just calculated my student loan payment using the site she used, and it says that I would never pay it off with the payment they assigned. Now I'm even questioning the validity of those loans 🤔
@@shawnda8317 Are you on income driven repayments? If so I think part of the deal may be a "If you make payments on time X years, we'll forgive the rest at the end" (Which has a uncertainty of its own.) I know back when I had student Loans (late 90s), I had a hard time getting visibility on if my overpayments were actually being applied to principal and not to future payments. I was not getting receipts that made this clear and when I asked for records, they dragged their feet and when I finally got it, it'd be like a year out of date. I finally paid it off with a personal loan at my credit union and then paid that personal loan off -- which I could see everry payment in detail through my online account.
Tee and family, thank you for sharing 🙏🏼 I am currently trying to pay off debt, as well, have been in the negative a couple of times, so I know how hard this is and I know you can do this. We will do this, Jen is amazing and this is helping so many of us ❤❤❤
Tee, you've got this, I've been in the same boat as you and your husband, and the cash envelopes work, with a monthly budget . Wishing you so much peace and happiness on your journey ❤
You can do this Tee and Husband! It may be hard, but it IS doable!
Tee and family
I am praying for you. 2 sister bees. She is awesome. I have only been watching for a few weeks. It really has made a difference in my life. I know you can do this. Keep the faith.
Those suggestions were awesome and doable!! Just do it, Tee!!!
You are so helpful!
This was a great breakdown video. I’m always shocked at how many people don’t budget or run the numbers to see if they can actually afford something. I’ve been working with my teen daughters to show them that they can afford anything but NOT everything. Life is about trade offs. I tell them when it comes to fancy cars we only know 2 things. Either that have a huge payment and insurance every month that they will have to work for 7 years on average to pay off or they are $60,000+ poorer because they paid cash. 🤷🏽♀️. I bought a used Honda CRV for $20,000. I put $5,000 down got a side hustle and paid it off in 14 months. I HATE car payments. 😒
Tee & Hubs....you got this. It will be very uncomfortable for a while but you will come out the other side so successful.
My recommendation is to create a spreadsheet and put all your pay dates and bills in there in date order. This way you have a visual and can easily see the amounts available to throw at those debts. This is all I use. I get lost in paper and having a spreadsheet that I can play around with helps me mentally.
Hi Tee you and your husband got this 💪 best of luck to you❤
You got this girl. Debt free is possible!!! you Will do it because you can do it.
Oh Tee, I’ve been in your shoes! My parents bailed me out. I did not learn. We did multiple HELOc loans, paying off round after round of credit card debts. Did not learn.
It wasn’t until we went strictly on the envelope system that I finally AT 60!! learned my lesson.
I literately had to cash out our paychecks and divide them up before we could finally start getting some traction.
Jenn, yours and other like videos have helped but I had to unsubscribe for any that were anything other than like minded people.
Sending comforting thoughts, Tee.
And thank you Jenn. You are doing amazing work and I am grateful.
@@SylviaMc0912 I'm 69, so I feel your pain. We were in debt and struggled until I learned this system. My husband works 32 hrs/wk. The only thing that ultimately saved us was having paid off our house and his used truck in July. Now we're saving (finally).
When you get the dvd player. Hit the library.
Definitely. They have lots of free movies to watch.
My mind is blown I hope tee takes your great advice im sure she will
Tee, keep going forward and do anything you can to get out of the red.
I can't believe there are companies out there allowed to do this in our country. I know you turn it all around and feel better about where your money goes!!
💜XOXO
Tee, in addition to the suggestions in the video, you can call and ask about a payment deferment on you vehicle loans. It will move 1 payment to the end of the loan. It will give you a little breathing room for the month while you decide what you are going to do moving forward
You got this Tee & hubby!!!!! My heart hurts for you but I know you can make those hard decisions. Take a breathe & go Tee go!
This was a great video. So many people get caught up in these predatory loans either because they have bad credit or do not have a budget in place. Trust me I know, I was one of them. It took time and sacrifice. And if you are willing to make changes and NOT "keep up with the Joneses", you will be on a better financial path. Tee..Jen has provided you with some great solutions but honestly, it is up to you and your partner to decide if you are sick and tired and being sick and tired. It will take some time and you will feel as if you are missing out, but you are not. Currently what you are missing out on is an amazing, stress-free future. Remember, these changes are temporary. Stick together and cheer each other on. We are all here with you, cheering you on and hoping you nothing but success. Now go out there and kick that debt in A**🤣
Awesome video! Tee, you got this!
I hope Tee takes this advice! I would love to see a follow up video to see what happens.
Tee, hang in there! Together you two can do this!!!🎉🎉🎉Jenn, this was amazing!! So good but scary but doin without isn’t forever. I’m overspending in groceries… should I sell my car? Those creditors should be illegal! 💙so helpful!!🐝🎃
Wow, this was really a great video. The advice you provided was top notch. Very thorough, detailed and honest. I loved it. I also love the encouragement the community is offering.
Praying for you Tee and your hubbie. This plan is doable. Be patient and don't give up. Dave Ramsey also suggests all extra income towards the lowest debt and do debt snowball. Its amazing how quickly things change once you get started.
tee, you can do this. please follow this advice. ❤
She can - it’s really a total overhaul and her and her husband will need to be on the same page about anything they do, moving forward. They CAN DO IT! 👏💛
Tee!!! ❤ I know exactly what you’re going through! This was so helpful for me, and I appreciate you being so vulnerable with your personal financial struggles. I hope you give us an update and keep us all posted on your progress. It makes a difference. It holds you accountable and helps others like me who now won’t feel so alone.
Tee and fam. Jennifer has your back. You can do this. Listen to relieve the stress on your budget but also your marriage. Money is the root of most couple arguments. Become one and fight this debt together.❤
We have all been there Tee. Thank you for being brave and sharing your experience. You can do this!
Great video. I love this series. I feel her pain.
I think a lot of people do. 💛
Wow thanks Tea for your honesty and vulnerability. Having Jen go over this with you is actually helping others in the same boat. God Bless!❤
Love this type of video
I agree with all the things!!! My daughters car was from a buy here pay here place. $4000 with TTL, needed about $2000 in work but it runs like a dream, gets great gas mileage, decent insurance rate, I have no regrets for buying her car… and we own it!!! No payments. You can do this!! Sacrifice for a time so you can flourish for life.
Having a little Jenn binge as I cut and laminate things! I love these videos so much! I learn every video!
Been there. I didn't want to but I finally had to file bankruptcy. I just couldn't find a way out of it. I lost my home my car everything I had . I was living with my son. Check was getting garnished so little money left to pay anything. I had a 3 year girl at the time. I filed bankruptcy but I pulled myself up and you can too. GOOD LUCK. PRAY A LOT
How are these loan companies allowed to exist? That is so freaking rediculous. Tee you can do this honey.
That’s exactly how I felt while going through everything- these should be illegal. I think in some states they probably are.
Good Evening, I’m listening to this and I feel them on this this is real I’m at myself. I work 2 jobs and still drawing on a budget and trying to stop overdraft my account 😢😢😢😢
I completely understand - I hate that debt is even a thing. And these companies are BEYOND greedy.
@@2SisterBees Exactly
Yes,yes
You’ve got this Tee!
I love these videos! I would say to anyone claiming bankruptcy...........If you do it, you HAVE to change your ways or you will be back in the same boat and to me that is unethical. Tee you are heading in the right direction and trust me, once you start budgeting you will question/feel every dollar you spend and save and it is good to be so in tuned. Cheering you on!
This was a very interesting video. The property is probably a balloon loan. That what they typically are. The first 3-5 years are interest only and then a balloon payment at the end. The thought process is that the land will be rolled in to the traditional mortgage once the improvement on the land is completed.
You guys can do this! Once you get rid of the "extra stuff" whether it is one of the cars, extra things in your home you will feel so good! Know that it will take BOTH of you to make this work. Talk to each other about money and what you're willing to do to figure it out. It will be hard but it will be worth it! If you or family were or are in the military ask about Verizon's military discount, saved us a lot by having my brother be our administrator on our account.
I am a widow with 2 children. My daughter just graduated college, and my son is a junior in college. My car insurance increased even though we all have good driving records. When I called our agent, I found out it actually saved money by removing my children from my car insurance and having them get their own individual policies. I am also guilty of wanting to continue to support my kids. As a baby-step to increase their independence, and help me with separating my sense of obligation to them, I told them I would pay half of their insurance cost for now with the goal to have them take it over completely in a year or two. Hard to believe this is a significant savings with 3 individual policies versus all 3 of us on one policy.
What year was your Bonneville? Mine is 1999. No payment as it was my mom’s, then my sister’s, and now mine. Good maintenance schedule keeps it happy.
Tee & Fam, you’ve got this. You will look back next year and feel so relieved. Thank you for allowing Jen to share your story. I was in the same situation almost 2 years ago and so happy I found this amazing community. 😊 Here is to freedom for you & your family.❤
Yes, freedom! What a great word to use! Thank you for your kind words. 💛
My mama always said, "do what you have to do until you can do better." I do not own a tv....i use my cellphone for any news etc. I unplug everything (even the washer) until needed....saves $$ on electric bill. It really makes a difference! Walmart would own me if I didn't go in with a prepared list and keep up with spending - also the app & pickup is a great way to watch your "muntay."
Loving the true stories
🎃🧡💜🖤🧛🏻♂️🥀🕸️🪦👻
They are real, that’s for sure. 💛
Awe Jenn, giving financial peace!! You are so sweet!!
You’ve got this T. It sounds like maneuvering a few things is a great solution. Wishing you peace as make these transitions. 🙌
Thank you so much for your kind comment 🤩💛
Holy cow. The car costs are half their income. That's crazy and only 300.00 a month in food.
I bought Speedy at a buy-here-pay-here on Jan 6, 2021. No breakdowns. Did have to get 4 new tires within 155 months. I paid $5000 up front and in total. No loan. I love her.
Totally understand this! Over the years this has been me! I am just getting started with system this next month and I pray that it works. Consistency and commitment are going to be the key factor.❤
Yes- it is a lifestyle change. We can’t continue the same behaviors and expect different results. We gotta shake it up! 🤩💛👏
I’m 4 minutes in, and this family is so similar to mine. Can’t wait to see the rest of the vid!
What did you think? 🤩
I have a question about the car percentage if you already own your home does that increase the amount for a car
25/50 coverage is greatly underinsured. This is not saving money- this is taking an extreme risk that can ruin your financial future. If you own a home, you need at least 100/300 and should always carry matching uninsured motorists. You can raise your deductibles and not have roadside to save but you don’t want that low of liability.
I a[predicate your honesty. I have a 29 year old and a 26 year old in my house, they are both on my phone service, my youngest doesn’t drive. My oldest got my husbands hand me down car. I put her on her own policy and saved $1200 a year. Then my husband bought a new car and my insurance with farmers went to $2300 every 6 months, I switched to AAA and my policy went to $1290 a year.
Wishing them all the best .
We all struggle ❤
❤
Talking about insurance our car insurance is close to 1000 a month with USAA! We have 2 newer vehicles 2 older vehicles, me, my husband our 22yo and 19 year old college students on the policy. It is ridiculous, but I do not think I can find anything cheaper. 😢. I live in Texas btw.
The good things are that every time i pay my credit cards each month the interest is starting to go down a bit like 5 dollars or more every dollar down help me feel better and by not charging on them anymore is bring my available up higher and i not going to be using that because i not going to be charging on any of these for a long time 💪👏
You CAN do it!!
Go to lumber yards and have them pay you rather than hoping somebody on. Facebook pays you to move large items.
I’m interested on starting a no spend challenge but how do I know how much money to put into the no spend envelope?
I was thinking take a 401k loan for those high loans and pay them off asap .
They could be a few and it comes out per check but they would be paying them self back. Just on those 3 payday loans
They are better off to save $170 month for food. I never would have turned to my car in because that's going to add adversely affect them for 7 years like a bankruptcy.
If you have a truck, companies like Home Depot will pay you 2 deliver supplies much like Uber Eats...side hustles are good for $$$ a week
How would you suggest she get out of those car deals
Interest on credit cards is awful i learing a lesson right now because of it the hard way
i am in shock that the interest in america can be so high. i want you wish you the best but i think is your payment for your carpayments is sky high. you can do this Tee. I am living in europe in the Netherlands and we don't have here a lot of cc ore loans for cars. Now here is leasing a big up come but it is not good either. What i see is that people want a big expensive car for the status. I hope that you can say for your selfs your husband and you that other things as happiness and that you can live your live in peace without the struggle financialy. I hope that you and your husband can making good desicions for yourself.
I had to get a new card out this month with a promo to be payed off in 6 months with no interest for dentist work for my tooth to be fix so I am going to be making payments on this until April 2025 then it's going to be payed off
This story and video inspired me to do some car insurance shopping, and Man, oh Man! I am happy to confirm I just saved over $860 for a 6-month policy, with the exact same coverage! That means, if all goes well (God willing) I will save over $1,600 in 2025 on car insurance! (Which I can now set aside toward my deductible and car maintenance - that has never been possible before!) And my next bill isn’t due until mid-December, so I can put money aside for it and pay in full. That has also never happened in my life! Never have I been able to afford to pay off a 6-month car insurance policy. That is outrageously cool! You guys!!! Do yourselves a favor and just go shop around! Take the time and save the dime! ❤⚓️🙏🏻 I’m crying a little. I can actually see light at the end of the tunnel.
Your comment made ME cry a little! 😂
That’s awesome!!! It really is just a matter of checking! Sometimes, it may be for nothing but SOMETIMES- this happens!!!
For me - keeping the same coverage still saved me but not quite that much.
So since my situation has changed - I lowered coverage.
I don’t need that high coverage on this car. I was still acting as if I had a loan on it- I don’t! I’m so glad I checked it again. Every 6 months, check! It’s worth it!
Change Spotify to free until you get relief.
I am literally sick to my stomach because I can’t see myself doing this 😭
I hope this video gets through to so many people- Tee and her husband may not even realize how many this will help. 💛
If i had more income i could pay all of my debts sooner but now it's going to take me until the end of next year 2025
Food banks help
Sounds weird that shenis talking about retirement fund when she is in such debt.
Pay off the phones first.
Mint mobile charges $30 for each phone unlimited on UNLOCKED phones
Lenders do not let you have more than a $500 deductible on car insurance.
Can this couple get a roommate?
T mobile hone internet by cell tower starts at 60 plus tax. If you are not working at home. My unlimited phone and internet under $130. But I am over the 55 age.
Hope "With Under the Median" youtube feeds a family of 4 including 2 teenager.sons for $200 a month.
Here tuned in. Ugh, I feel for her. 💔❤️ how the heck did we get to this point. I know it takes sacrifice and mental strength. 🥵🫠 we are all doing the best we can. TY for sharing her story, and helping so many people out here.
They have a road ahead but if they stick together and work together - they can do it. 💛