I have about $1800 in credit card debt but I did a balance transfer so I don’t have to pay interest for 12 months. Once that’s paid off I will no longer use a credit card i used it to pay for an air conditioner for my grandma and paid someone to put it in!! That’s why having an emergency fund is so important but this happed prior to me building one.
Please don’t stop utilizing ccs they’re a great way to get rewarded for money you’re going to spend anyway! As long as you’re disciplined enough to pay back you’ll be fine
I paid off over $30,000 in credit card debt. It tool me 18 months and it's like a load off my shoulders. Never want to be there again. Thanks for sharing.
@@skym.3362 I did little hustling on the side. Sold stuff in ebay and offer up. I paid the bills and then everything else went to debt. It was tough but I was determined. Wish you the best on your journey ❤️
Yesss! Credit card debt due to fully furnishing my salon, yearsssss ago and our new home, and emergencies 😩 I’m at $24,500 as of right now (3 cards). Was wayyy more than that! I have been paying them down, thanks to budgeting NOW, and doing savings challenges… I won’t get myself in that mess again, Lord’s will 🙏🏽🙏🏽🙏🏽🙏🏽
I realized I was not a credit card person. I had over $33k in credit card debt. I filed bankruptcy to clear it. Wasn’t an easy decision but I was laid off from my job, had to move and took a job that was significantly less than what I was making. I’ll never do that again! I’m paying cash for everything!
I commend you on your venerability to share your story. I was in about 25k debt and also used a debt settlement company to aid me. This avenue made my credit score tank, but it is also slowly on the upward mend. I have also gained some more debt, but is using the debt snowball method this time. This is also how I found this budgeting community. I have learned how to effectively budget and save. As the word tells us, owe no man. I am with God's help going to slowly get out of debt and stay out this time around ❤
I was in $20k of credit card debt. My monthly minimum payment was $400 something. I was only able to put down $500 per month, which irritated me because I wanted to hurry up and pay it off quickly. I ended up getting a second job to double up my payments, which sped things up tremendously. I don't cash stuff, but to stop over spending, I take out a certain amount of cash per month for frivolous activities.
Great video as always 🥰. Yes, credit card debt sucks but what also sucks is paying off someone else’s debt at that same time 🤦🏻♀️.. I paid off one debt which was a total of $5000, and now I’m in the process to pay off my credit card debt which is $15,000 I only have 1 card… it feels so good when one heavy burden is lifted 🥰. Thank you for always keeping it real and sharing with us 🙏🏼👼🏼🤙🏼
Truly enjoyed your video this is my first time watching. I do want to say that we do not have to get into debt to get all of the things you listed. We can as my husband and I have done, pay for two cars cash and have no payments. There are tons of scholarships for college that goes to no one every year because people aren’t applying. Houses are tricky because it is such a large asset. However, people can save up at least half with extreme discipline and potentially adding more income for a short time. As well as pay extra towards their principal once they have the home. One can also save up to start a business instead of jumping into debt. The truth is we all want what we want, when we want it, and lenders bank on that (literally). We have to take accountability for the fact that we weren’t taught financial literacy, and because of that we didn’t make the best decisions.I just wanted to add that because having the mindset that we Have to get into debt can be dangerous and cause people to make excuses for things that are within their power and pocket to save for.
Yes, in credit card debt. Balance transfers haven't helped because I haven't been able to pay them off in time so i've ended up paying interest anyway.
3 credit cards...all paid off. We make weekly payments on our credit card with the highest cash back and the other two aren't used unless they are absolutely needed. This has helped us stay on track and remain credit card debt free 😊
I love this!! Thank you for sharing your truth! It is what it is and even though it is not the best, it was your way...Great way that you explained how you got out of 40K worth of debt.
Thank you for sharing that 😂experience 😊🙏🏾👍🏽! So happy ur done with that crazy exorbitant amt🙌🏽🙌🏽I have about 6 grand that I’m going to pay off as I just paid my car off a yr early through grinding n hustle🙏🏾🙏🏾 - once I get them done I won’t put more on them than I can pay when due/ lesson learned🤗🤗🤗
I thankfully never had more than 1 cc and it was through my employer target the red card. I got the cc at 21 I was in school at the time living at home and working full time so I didn't haveba need to buy or spend on anything didn't have bill except phone and insurance so my check from my job was more than enough idk I honestly never got too deep into my cc and I'm not sure why lol. The only debt I've ever had was my car that's paid off and my student loans. So I'm watching this hoping to apply it towards my student loan debt 🤞🏾
Thanks for sharing your story .. I’m n debt as well and was always skeptical about debt consolidations.. I’m trying my hardest to pay back but living from paycheck to paycheck isn’t working for me.. congratulations on relieving your debt
I'm saving alll of mine 50$ and allll of mine 1000000$ and allll of mine 20$ and allll of mine 10$ and allll of mine 5$ wish me the best of luck and i like watching alll of your videos thank you for helping me save money
Hey, thanks for sharing! Did you still make monthly payments to New Era to pay off the new settlement amounts or just paid them in full as they were being settled? I hope that question makes sense lol
It was kind of a mixture of both. I made monthly payments; some settlements were small enough to pay in full and some creditors required me to pay a lump sum upfront in order for them to accept a smaller settlement amount. Each debt gets settled individually. For the settlement amounts that I couldn’t pay in full or the lender didn’t require a lump sum, it got added to my monthly payments to New Era.
We have never ever been in credit card debt because i was taught as a 13 yr old kid you never ever let debt own you in credit cards you always pay off no matter what the statement balance. ❤
I have a car loan I need to pay off but I don’t make enough to pay off some dental work I had to get done. So credit cards are used a bit more than I’d like. Trying to motivate myself to get back to tracking I only tracked my spending in categories and my bills when paid and I still don’t want to track my expenses . 😢 so hard to keep going when things improve and then decline
It is so worth it to track your expenses. I get so much more out of our money when I do. Maybe it motivates you to think about the intrest and fees you will have to pay when you don't do something. I look at our long term and short term goals and check whether expenses I paid are helping those goals, or not. F.i. the fourth sugary Starbucks buy in a week wouldn't help our goals to be healthy and to save for things we need and want more than a drink. Neither do the second, third or maybe even the first.
The bible's message regarding debt is that it should be releases/cancelled, paid, or forgiven. Also it is unfair to single out America as being the cause of anyone's debt. The choices you make are your own and no one forces you to make them. Debt has been around since the beginning of time., and as a follower of the teachings in the Bible, I'm sure you are aware of this. Just a thought.
Biblically we are encouraged not to get into debt. We are to be lenders and not borrowers. I rarely know anyone who has the finances to purchase houses and cars in cash, don’t know people who can afford college tuition cash, so yes, this country heavily relies on debt. I’m speaking on America because that’s where I live.
@@AllThingsPlanned Dave Ramsey has an amazing program to help people get out and STAY out of debt, using nothing but cash moving forward. Just another resource for you ❤ This is my first time watching you and I think you’re doing great sis 🎉 Love the planner and how you showcase your faith along with the budget!
To be honest, I was a bit shocked to learn it is allowed to sell a product/ service that entails the customer maxing out 11 creditcards you found for them as "a loan" in the US. We do not have a credit score but all loans and credit are registered. When you pay them late, it's registered. When you don't pay other bills and have been warned enough, it's registered. It's really hard to get a mortgage or loan with what we call "negative registrations". When your income isn't fixed, they'll borrow you less or nothing. They can see what you owe others and they're not allowed to borrow you more than you can pay with your income. We only have a couple of personal bankruptcies per month. The rules are very strict but it also just doesn't happen often.
The planner is from Erin Condren. There’s a link in my description box that says “my budget planner” that will take you to it. All the envelopes, walllets, binders, and stickers come from my shop, also in the description♥️
Thank you soooo much for sharing such a vulnerable part of your journey. I commend you for sharing your story and how you were able to get out of debt. Many blessings to you! 👏🏾🫶🏾💕
I think so, which would partially explain why the credit score would tank. Whenever we close credit accounts (of our choosing or of the lenders choosing), our scores drop pretty massively, unfortunately.
I have about $1800 in credit card debt but I did a balance transfer so I don’t have to pay interest for 12 months. Once that’s paid off I will no longer use a credit card i used it to pay for an air conditioner for my grandma and paid someone to put it in!! That’s why having an emergency fund is so important but this happed prior to me building one.
Thanks for sharing! ❤
It’s good to save grandma.
$1800 that's good!! I owe almost $40k
Please don’t stop utilizing ccs they’re a great way to get rewarded for money you’re going to spend anyway! As long as you’re disciplined enough to pay back you’ll be fine
@@zakiyah.aamani so true
I paid off over $30,000 in credit card debt. It tool me 18 months and it's like a load off my shoulders. Never want to be there again. Thanks for sharing.
That's awesome!! Did you do it on a single person income? I'm in cc debt so any inspiration helps!
@@skym.3362 I did little hustling on the side. Sold stuff in ebay and offer up. I paid the bills and then everything else went to debt. It was tough but I was determined. Wish you the best on your journey ❤️
@@skym.3362sorry I do work full time also
I’m in credit card debt I went from 16 credit cards to 6 I’m so proud of myself started paying them off in December 2023 now have 6 left.🌸💕😊
That is phenomenal progress! Thanks for sharing♥️
@@AllThingsPlanned thank you so much 💕
What was your paying method? I’m starting my paying off debt journey.
Do you close out those accounts with the company or just still keep the account and cut up card? Would love to know
I pay off my last credit card this Friday. $1000 due.
Congratulations! I can't wait until I pay off my credit card and medical bills
Congratulations!!! I’m working on this journey now 😢 ughhhhh
Yesss! Credit card debt due to fully furnishing my salon, yearsssss ago and our new home, and emergencies 😩
I’m at $24,500 as of right now (3 cards). Was wayyy more than that! I have been paying them down, thanks to budgeting NOW, and doing savings challenges…
I won’t get myself in that mess again, Lord’s will 🙏🏽🙏🏽🙏🏽🙏🏽
I realized I was not a credit card person. I had over $33k in credit card debt. I filed bankruptcy to clear it. Wasn’t an easy decision but I was laid off from my job, had to move and took a job that was significantly less than what I was making. I’ll never do that again! I’m paying cash for everything!
I commend you on your venerability to share your story. I was in about 25k debt and also used a debt settlement company to aid me. This avenue made my credit score tank, but it is also slowly on the upward mend. I have also gained some more debt, but is using the debt snowball method this time. This is also how I found this budgeting community. I have learned how to effectively budget and save. As the word tells us, owe no man. I am with God's help going to slowly get out of debt and stay out this time around ❤
Yes! Amen Sis❤ We can overcome!
I was in $20k of credit card debt. My monthly minimum payment was $400 something. I was only able to put down $500 per month, which irritated me because I wanted to hurry up and pay it off quickly. I ended up getting a second job to double up my payments, which sped things up tremendously. I don't cash stuff, but to stop over spending, I take out a certain amount of cash per month for frivolous activities.
Great video as always 🥰. Yes, credit card debt sucks but what also sucks is paying off someone else’s debt at that same time 🤦🏻♀️.. I paid off one debt which was a total of $5000, and now I’m in the process to pay off my credit card debt which is $15,000 I only have 1 card… it feels so good when one heavy burden is lifted 🥰. Thank you for always keeping it real and sharing with us 🙏🏼👼🏼🤙🏼
New here! That planner is everything! Currently I have about $3k in credit card debt
Truly enjoyed your video this is my first time watching. I do want to say that we do not have to get into debt to get all of the things you listed. We can as my husband and I have done, pay for two cars cash and have no payments. There are tons of scholarships for college that goes to no one every year because people aren’t applying. Houses are tricky because it is such a large asset. However, people can save up at least half with extreme discipline and potentially adding more income for a short time. As well as pay extra towards their principal once they have the home. One can also save up to start a business instead of jumping into debt. The truth is we all want what we want, when we want it, and lenders bank on that (literally). We have to take accountability for the fact that we weren’t taught financial literacy, and because of that we didn’t make the best decisions.I just wanted to add that because having the mindset that we Have to get into debt can be dangerous and cause people to make excuses for things that are within their power and pocket to save for.
Yes, in credit card debt. Balance transfers haven't helped because I haven't been able to pay them off in time so i've ended up paying interest anyway.
You’re not alone, sis!♥️
3 credit cards...all paid off. We make weekly payments on our credit card with the highest cash back and the other two aren't used unless they are absolutely needed. This has helped us stay on track and remain credit card debt free 😊
I love this!! Thank you for sharing your truth! It is what it is and even though it is not the best, it was your way...Great way that you explained how you got out of 40K worth of debt.
Hey sis! Thank you so much ☺️
I'm in credit card debt, and it's hard to pay off when you're at the lowest income it's so freaking hard that I'm tired of crying. 😢😢
I’m so sorry 😞 debt settlement may be a very good option for you, as they base it off your income and negotiate settlements with your lenders.
@@AllThingsPlanned thank u so much
Thank you for sharing that 😂experience 😊🙏🏾👍🏽! So happy ur done with that crazy exorbitant amt🙌🏽🙌🏽I have about 6 grand that I’m going to pay off as I just paid my car off a yr early through grinding n hustle🙏🏾🙏🏾 - once I get them done I won’t put more on them than I can pay when due/ lesson learned🤗🤗🤗
I thankfully never had more than 1 cc and it was through my employer target the red card. I got the cc at 21 I was in school at the time living at home and working full time so I didn't haveba need to buy or spend on anything didn't have bill except phone and insurance so my check from my job was more than enough idk I honestly never got too deep into my cc and I'm not sure why lol. The only debt I've ever had was my car that's paid off and my student loans. So I'm watching this hoping to apply it towards my student loan debt 🤞🏾
I'm saving for my very first house and car but it's going be a huge challenge
I like the ideal of savings money but I still dont understand why you have to actually have cash.
You can do the same thing electronically.
Your planner and stickers are amazing. I need to save to purchase your items. You are so motivating. God is good!!!
Great video, sis I enjoyed watching thank your for sharing your story with us!! 36:23 God is good!
Amen!!!❤
Motivated. Back again lol. ❤❤❤
Thanks for sharing your story .. I’m n debt as well and was always skeptical about debt consolidations.. I’m trying my hardest to pay back but living from paycheck to paycheck isn’t working for me.. congratulations on relieving your debt
Great video! Thank you. ❤️
Hey, great cash stuffing video.
Jenika, have you ever thought about making your products downloadable?
Thank you for sharing. I am in debt at well and have all of the ways to go.
lesson learned I don't think there is a person alive that one way or another got into trouble with credit cards.
Thanks for sharing. Enjoy your day
Really liked the video.! You just got a new subscriber.! 😊
Thank you for sharing your debt story💜
Hey Sis Happy Friday!!
Hey Sis!! ♥️♥️
I would love to see more videos about business and how you bought a franchise!!!
That would be a great story time!
Great video and informative. Thank you!
Thank you for sharing your experience
I'm saving alll of mine 50$ and allll of mine 1000000$ and allll of mine 20$ and allll of mine 10$ and allll of mine 5$ wish me the best of luck and i like watching alll of your videos thank you for helping me save money
Great video, and I’m glad you were able to get wet out of debt. With consolidating your debt, how did it affect or impact your credit score?
Hey, thanks for sharing! Did you still make monthly payments to New Era to pay off the new settlement amounts or just paid them in full as they were being settled? I hope that question makes sense lol
It was kind of a mixture of both. I made monthly payments; some settlements were small enough to pay in full and some creditors required me to pay a lump sum upfront in order for them to accept a smaller settlement amount. Each debt gets settled individually. For the settlement amounts that I couldn’t pay in full or the lender didn’t require a lump sum, it got added to my monthly payments to New Era.
Great video ❤
I'll pay a small credit that I've had for years! TODAY
We have never ever been in credit card debt because i was taught as a 13 yr old kid you never ever let debt own you in credit cards you always pay off no matter what the statement balance. ❤
I have a car loan I need to pay off but I don’t make enough to pay off some dental work I had to get done. So credit cards are used a bit more than I’d like.
Trying to motivate myself to get back to tracking I only tracked my spending in categories and my bills when paid and I still don’t want to track my expenses . 😢 so hard to keep going when things improve and then decline
It is so worth it to track your expenses. I get so much more out of our money when I do.
Maybe it motivates you to think about the intrest and fees you will have to pay when you don't do something.
I look at our long term and short term goals and check whether expenses I paid are helping those goals, or not.
F.i. the fourth sugary Starbucks buy in a week wouldn't help our goals to be healthy and to save for things we need and want more than a drink. Neither do the second, third or maybe even the first.
Where did you get your planner this to put money in and trackers
❤❤❤
Been in cc debt for 2 yrs 6k....cant seems to lower it no matter what...i used it while i was unemployed 2 yrs ago
Hey, if you're interested, i can guide you on how i clear my credit card debts with few weeks
With God nothing is impossible. It may look impossible to you in the present but it's possible.
Thank you for sharing your testimony. In regard to the debt settlement program you used are you required to close all of your open credit cards?
Thank you! Yes the credit card accounts were closed. After sometime of rebuilding your credit, you can qualify for more.
@@AllThingsPlanned Good to know. Thank you. 🩷
The bible's message regarding debt is that it should be releases/cancelled, paid, or forgiven. Also it is unfair to single out America as being the cause of anyone's debt. The choices you make are your own and no one forces you to make them. Debt has been around since the beginning of time., and as a follower of the teachings in the Bible, I'm sure you are aware of this. Just a thought.
Biblically we are encouraged not to get into debt. We are to be lenders and not borrowers. I rarely know anyone who has the finances to purchase houses and cars in cash, don’t know people who can afford college tuition cash, so yes, this country heavily relies on debt. I’m speaking on America because that’s where I live.
@@AllThingsPlanned Dave Ramsey has an amazing program to help people get out and STAY out of debt, using nothing but cash moving forward. Just another resource for you ❤ This is my first time watching you and I think you’re doing great sis 🎉 Love the planner and how you showcase your faith along with the budget!
To be honest, I was a bit shocked to learn it is allowed to sell a product/ service that entails the customer maxing out 11 creditcards you found for them as "a loan" in the US.
We do not have a credit score but all loans and credit are registered. When you pay them late, it's registered. When you don't pay other bills and have been warned enough, it's registered.
It's really hard to get a mortgage or loan with what we call "negative registrations".
When your income isn't fixed, they'll borrow you less or nothing.
They can see what you owe others and they're not allowed to borrow you more than you can pay with your income.
We only have a couple of personal bankruptcies per month. The rules are very strict but it also just doesn't happen often.
What are your plans to get out of student loan debt? I’m struggling with those currently.
I don’t have plans right now, but when I do, I’ll give an update!
Where do I get your planner and pink cash envelope set and pocket set?
The planner is from Erin Condren. There’s a link in my description box that says “my budget planner” that will take you to it. All the envelopes, walllets, binders, and stickers come from my shop, also in the description♥️
I seriously need help.
Hello. Did you pay all the bills in full? Or did they allow you to pay payments monthly??
They allowed monthly payments!
I’m sorry but this seems like people already have a savings account or money saved before they even start this process
Where can I purchase this book
Which book?
WHY????
Why is your phone bill over $1000 a month?
A YEAR… she corrected it on the screen 😅
Thank you soooo much for sharing such a vulnerable part of your journey. I commend you for sharing your story and how you were able to get out of debt. Many blessings to you! 👏🏾🫶🏾💕
Thank you for sharing your testimony. In regard to the debt settlement program you used are you required to close all of your open credit cards?
I think so, which would partially explain why the credit score would tank. Whenever we close credit accounts (of our choosing or of the lenders choosing), our scores drop pretty massively, unfortunately.
@@alice4217 Thank you
❤❤
❤❤❤❤