HOW WE PAID $8,112 in 3 MONTHS || Debt Avalanche || Minimalism & Money Part 3 || Pay Off Debt
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- เผยแพร่เมื่อ 7 ก.พ. 2025
- Check out how we paid $8,112 towards debt in 3 months! The Debt Avalanche method is working for us so far, and in this video I share an update on the debt avalanche method. I also detail ways we saved money in our budget to save enough money to pay the credit card and pay off one of our cars.
Using the debt avalanche vs the debt snowball enables us to pay the debt off faster and with less money. However, the debt snowball provides psychological wins that spark motivation to keep on paying off debt.
We have credit card debt, consumer loan debt, car loans, and a mortgage. We had a good jump start to the year and positioned to start paying off debt quickly. Paying off debt fast is so motivating!
This is part 3 in the Minimalism and Money Series:
• DEBT FREE LIVING
#debt #avalanche #minimalism
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HOW WE PAID $8,112 in 3 MONTHS || Debt Avalanche || Minimalism and Money Part 3
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Part 1: How do I get rid of this debt?
• HOW DO I GET RID OF DE...
Part 2: Sinking Funds || How to save money like a minimalist:
• HOW TO SAVE MONEY LIKE...
Minimalist Living Room Ideas for Simple Living:
• MINIMALIST LIVING ROOM...
4 Things I Wish I Knew as a New Minimalist:
• MINIMALISM FOR BEGINNE...
Minimalist Life 3 Month Update:
• EXTREME DECLUTTER - 3 ...
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Love that what you tracked is actually doable for the average person! I’ve watched SO many budget videos where people were spending $500 a month on subscriptions that they weren’t aware of then had some massive snowball. Yeah....nope. These are actually things I can track! I’ve done a lot of them but never thought of tracking it. Love that idea!
Hello guys, I was introduced to Fixmyfinance01@ gmail com while researching getting late payments removed from my credit report. I was reluctant at first but gave it a try by sending a mail to them. I was very surprised to see the improvement made on my credit report last month. They cleaned my credit reports and even helped me clear my debts, now my credit score is excellent and I got approved for a $15k limit credit card recently
Yes!!
well done! i honestly cant believe how much you have turned your life around. When i watched the very first video you posted, i really didn't think you would be able to do it.... it seemed like such a big task, i thought you would give up after a couple of weeks. Its so inspiring to see how far you have come and how dedicated you are to it. Amazing how something can start with tidying up a home school room, and become something where you manage to start paying off debt and really change your life style. You seem like such a lovely person with so much dedication, well done on everything you are accomplishing!!!!
I second this. 😍
Yes! We've paid off $124,000 in 3 years using the Ramsey Baby Steps. Just finished last month!!!! Growing Baby Step 3 now feels AMAZING! Good luck on your journey; it's worth every penny. LOL
CONGRATS!
Amazing!
That’s awesome, congratulations!
Jenn Watson we have 10,000 to payoff then done...I can't wait
That high interest rate credit card. Every time you make a significant payment you should ask again for a cut in rate.also look at trying to find a lower interest rate credit card that you can transfer it to.if you find one you might want to call them again and mention you're going to transfer the amount to another card unless they will lower the rate. Use a little blackmail. Good luck and congratulations
I was going to say the same. =) Erica, keep up the good work. I´m glad I have no debt other than my mortgage. And even that stresses me out! Good luck! Love from Germany ♥
When we paid off our debt years ago our credit card would not work with me on the rate so I transferred. I ended up dropping it because of that, I didn't ever want to deal with them again. They say it drops your credit score to cancel them, but it was only a little and was temporary. Free cards drop you after awhile if you never use them anyways so best to just cut them up when they are zero.
Yes!! Transfer that balance to a different company if they wont lower it. You could get a year or more of NO interest to pay it off and pay down that much more of the total debt.
After it’s paid off, I’d use it once a year for one purchase a year and pay it off right away to keep it for your credit score but not pay any interest. 25 years will have a positive impact.
I know some will say cut it up. I say lock it up in a drawer and use it once a year.
Agreed! Transfer to a lower interest card with a promotional no-interest period. Beyond 5-7 years, the length of time the account has been open has a very tiny affect on your overall score anyway (that part of your score is based on the average age of ALL your credit accounts together, and as long as that average is longer than 5 years you're good, 7 is better). Don't let this card hold you hostage.
Congrats! Last month I made the final payment on my credit card. In 5 years, I paid off 25,000 of credit card debt. I worked 2 jobs, said no to eating out, didn't go on vacation, etc. It's been so worth it though because now my money goes to where I want it to go. I still have my car payment and a little bit on my student loan but those will be paid off within a year. Keep going! It is worth it!
Christa Ball congrats!!!! That’s so inspiring!
Good job!
But it's funny: In Germany we love our cash because of data AND the control you talk about...and the whole world laughed at us.
“Space and Grace”. I love that!
My husband and boys are in the garage spring cleaning scraping metal for money. Throwing trash out and posting items for sell. We did not go on vacation this spring break saving money. We feel like the spring cleaning is giving us less stress, more money and more space. Please try a credit union or your bank to transfer your credit card debt with them to a lower interest. Remember not to be loyal to a brand but to your money. That money is covering your family. I always used our tax return to catch up on bills and update our home. I've bought new bedroom sets cash, new couches cash, new tile cash, a new needed refrigerator cash, needed new washer and dryer cash. I've paid off cars and paid off credit cards. I do wish we took a few more family trips but bought less materialistic items. We are more minimal now.
Well done that is awesome we've been doing that over the last 6 months down $40.000 and counting!!
Awesome Corienne!
@@EricaLucasLoves We had to make great sacrifices and pull money from places that it didn't need to be in order to accomplish this and we continuing on this journey...
TH-cam must be a new income stream for you. I'm wondering how you're handling that income. I'm impressed with how well you have figured out the youtube 'game' and that combined with a natural charisma for the camera seems like a recipe for success. I hope you do really well (financially) in this medium.
Yes, it's a new income stream for us but it's not enough to pay bills with (so far I hope). I set most of it aside for taxes or the sinking funds.
My thoughts exactly!!!
$8000 in 3 months is huge! Congrats! 🎉 Job well done! 👏
GREAT JOB!!!! My husband has been wanting to budget ever since we got married (20 years ago), and I just can't stand the idea, money, or worrying about not having enough money per category. YOUR WAY WORKS!!! THANK YOU! My husband will be so happy that I'm FINALLY going to do a budget!
go go go in your basement, shed, garage or else where and declutter everythig you can sell can you put in debt. every dollar is less debt. you are doing it great. i love every serie you making. because you are you. lots of love Ellen
That's on the to do list for April!
@@EricaLucasLoves i hope you have good luck and energy for it. We can decluttering together.
This should be taught in school for future generations
Vanessa Bridge , I believe this is parent’s responsibility but if no parents or not good parenting , I completely agree .
Absolutely amazing! You have done so much in such a little amount of time! I love that you saved some for space and grace as a mom with littles we need those sanity savers on those days that are cray cray!
some nights are just pizza nights, right Jessica?!
Erica Lucas absolutely!!! That’s and CFA!
Lol! Your dog whined toward the end of the video while I had my earphones on...at 12 am....Scared me so bad! I don’t have a dog! 😂
Good for you! Since getting out of debt we only pay cash for used vehicles. And we take good care of them so they last us nine years or more. Love your content. Keep up the great work!
First, I liked the longer video, it was nice to see you chatting with us a bit more.👍
Second, I'm glad the sinking funds are working for you. I personally have a very hard time with them, they just make my head hurt, but most if the stuff you're doing I think is awesome.
Just try to stay away from chick-fa-la (did I spell that right?), I personally think they're a waste of money anyway though I will say that is has some of the best customer service I've ever received at a fast food place.
My kids love CFA but we've been hitting the drive through way less. The sinking funds made me uncomfortable at first but now I love them.
I'm over here grinning from ear to ear. Way to go lady!! I'm so happy for you and proud. You are making those money moves lol. I can't wait for you to be debt free.
I love this series. The excitement you feel, from telling your money what to do, is contagious!😊
We have kept things in the car -- nutrition bar, liquid nutritional drinks, etc. Helps keep things going until you can get them home and feed them right. Maybe a jar of peanut butter, nutritious crackers, fruit cups might be more realistic with kids. Things that will keep but are nutritious as well. When my kids were little, I often just grabbed lunch meat, cheese and a loaf of bread to make sandwiches on the fly. We would stop somewhere and make the sandwiches.
Call your insurer for the Toyota and let them know it's no longer under finance. We got our insurance reduced when we paid ours off. I'm in Australia so not sure if the rules are the same in the US. But worth a try.
Well done!!
I personally have 1 “slush fund” that I budget a certain amount of money per month so that all the random stuff can come out of that. I also have 1 holiday sinking fund.
Your videos have really inspired me to manage my money more carefully. For example I put away 500€ every month to my savings account. That's about a third of my income in a month, one third is used for rent, electricity etc. and then I use the rest on fuel, groceries and clothes. If anything is left I get to use it as I wish or I save it for future travelling.
I've also started to only use cash instead of paying for everything with my card. All I use my card for is fuel, simply because it's more convenient that way.
I love watching your journey! You’ve been such an inspiration to me.
We also started a debt pay off this year. It started well, but we hit a wall with unexpected medical and dental bills to the tune of $7700 out of pocket. We had $ saved in emergency and medical funds, but nowhere near that much. 😖 We paid the medical/dental expense off, now we have to find a way to get back on track with debt payoff. Watching you is helping me keep the faith to move forward.
Misty L what a hurdle! That was probably frustrating because you wanted that money to go to something else. :(
If the medical bills are with a hospital you could call the hospital and ask to lower the amount you owe.
I love your videos! I have been following you since the beginning! You give me encouragement with every video! Love your personality!
Thank you so much!
Hello from Australia!
Really loved the video and found it very encouraging. I have a lot to learn! One suggestion.... you could cut your boys hair. I have 3 boys and my husband and cut their hair monthly. ( it would cost me about 90$/month to have it cut). To be home it is Not my favourite thing. And I don't feel as though I am particularly good at it. But..... it ends up saving me a little over 1,000$ every year.
It is also not too bad practicing on little boys because they don't yet notice if you make a mistake.... and worse come to worse.... buzz it and try again next month. ☺️
Enjoy the PA spring! I used to live in south central PA and I miss the spring weather!
Thanks again,
🌸~ Katie
Im an aussie too!!!
Kb Kb thinning scissors are the key to softening errors when cutting at home 😉
Very helpful! Thank you!!! My boys have blonde hair and you can see EVERY mistake 😬. I will try this ☺️🙏
Hello from WA! ☺️ Stay healthy with the virus popping up everywhere!
I tried cutting their hair - you can tell so much it's a home cut. It's SOOO bad when I do it.
These are great tips! Congratulations on knocking a little over $8k off of your debt. I have never gotten a credit card and I won't do it for this reason. I know myself and I knew that I would end up using it way more then i should have. It's very easily done! So we have always lived by our means. I used to wonder why we weren't able to do all the things that everyone else was able to do even though we made more than them. I finally realized that they had multiple credit cards and that was how they were able to do it lol. Sometimes I have wished that I had one when we were really struggling and the kids needed clothes or something else. But what we ended up doing this year was putting $2000 in the bank and getting ourselves caught up on our bills. Then setting a certain amount out every week just for our bills and actually having a budget. It has helped out sooo much. I love these videos along with your others. I have started becoming a minimalist and I believe that once you start that it's easier to do the same with your money. It's crazy how we over spend on all the shiny things lol.
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One of the things I found that works for me is that instead of using a debit/credit card when ordering things online, I tend to just order visa cards every time with whatever amount I need/a little over and I'll use it sparingly whenever I purchase something online, and it helps me a lot and when the money runs out on there, that's it.
Food budget areas can be the hardest thing in the world to manage! It’s always so eye opening to me to go back and track spending on it.
How freeing to know your car is now completely paid off!!! 😍
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The grocery bill is where we most struggle because my son and I have lots of food allergies/intolerances so we mostly eat meat. That’s the area that I’m most trying to work on in terms of getting our budget in check...finding deals and buying in bulk, buying cheaper cuts, etc. That amount you sent is impressive!!!
Love the series! I literally just let go of my debit card this last paycheck and started using cash only after YEARS of thinking I do better with cards. I’m already making progress and spending less because of it and will be able to pay off debt faster.
Funny thing my debit card was also hacked this week so I’m happy I took out all my cash instead of leaving it in my account vulnerable.
Someone else may have suggested this, I'm not running through the comments to see. Have you considered finding a credit card with a lower interest and transferring your balance to that card? Many cards will completely waive your interest for the first couple months and then if you find one lower than 29.99 percent you'll be accruing interest, but it would be less than the current card.
I think I'm going to do that
Thinking about doing that as well!
@@EricaLucasLoves it can be a really good option as long as you are not worried about racking up the original card again. The one time hit of the 4% transfer fee is absolutely minimal compared to what you will save over the following months of not having interest. Totally worth it.
That's exactly what I wrote too!
Yes, do this. usually worth the savings, transfer fee is 2 months of high interest, then you're really snowballing every penny to those payments!
Try turning down the heat in the winter at night. I heat the house to 68 during the day but drop it to 64 at night to sleep. Saves a significant amount of money on the heating bill.
Mary Flynn *#Denworld8** on [nsta* helped me pay off my debt I have been paying for 2 years now
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Thanks, Erica! My husband and I did something similar back in the 1990's, when renters trashed a house w owned and then vanished. The house lost probably half its value and we were already in debt. We learned never to carry a credit card balance - ever - and we have kept out of debt since then. It sure wasn't easy, but it was worth it. I can tell you'll get rid of your debt, too, You have that look of determination!
Hot dog! I’d find a way to make my own kid-friendly-snacks-ready-to-go if it meant sticking it to that credit card company. Well done with your impressive results so far. Hope you find a 0% credit card soon.
Erica! I have been following you since you started your decluttering series! Your videos are awesome! I have really enjoyed your debt pay off videos, as my husband and I are planning to pay off ours. It feels impossible but when I see you working hard and yet giving yourself grace it inspires me to do the same!! Your videos were the first time I've heard of sinking funds and it just clicked for me. I'm so excited to add that to my budget plans and get out of debt asap. I'm right there with you! God bless you and your family. Looking forward to your next video!
We keep our heat at 65. It seems cold but we have blankets (thank you thrift store!) and layer our clothes. It works and our heat bill stays very low.
Congratulations on your hard work. You must feel such a sense of accomplishment. Im also so happy youve decided to cut yourself some slack. Keep going
Do a Balance Transfer. 29.99% is insane. Open a new credit card with like 10-12% interest and transfer the balance from that debt onto the now much lower interest card. I had my mom do this a couple of years ago and she paid it off sooooo much faster. This way you can tell that company to buzz off next month!
Very impressive! Although I'm nearing the end of my debt story, I think videos like this are important to keep people motivated. Great job with your money decisions. I also like the avalanche approach. Also, what you've done with your house is amazing. That is a massive turn around in a very short amount of time. I get frustrated with my progress and start to think I'll never get there, but you prove that its possible! Thank you for showing your work and process.
Lisa S ❤️
Three cheers to you🎉. Most people pay cash for their day to day here in Switzerland. I used to do the Dave Ramsey cash envelope and it worked great for me too. I now feel comfortable enough to have the "cash envelope" on my phone in form of a budget app which keeps me on track. This gives let's me use my debit card for groceries shopping and the cash in my purse is my personal spending money. The rest sits in the bank to be used as assigned for. No more overspending. I feel more comfortable not caring so much cash with me all the time. Love the video. Looking forward to the next.
Fantastic! Thanks for sharing such real life scenarios. We are debt free except for our mortgage, which we are in the process of refinancing from 3.75 % to 3%. Huge Dave Ramsey fan here!
Erica, you are a rockstar!! 🎉🎉🎉 I am so impressed with your focus and drive to get out of debt! My husband and I are right with you in fighting the debt war. We have a plan and are seeing it go down. You are really encouraging! I love the nerd in you....not my strength, so I’m envious. Go you!🎉🎉🎉
I do the digital sinking fund as well! I have a separate savings account that I put money into for car insurance and utilities because these are not paid on a monthly basis, they are anywhere from 2-6 month charges. It makes no sense taking out cash for utilities when I would just have to deposit it again in order to pay the bill. Im not comfortable sending cash through the mail... and if I was writing a check the money would need to be in the account regardless. I keep a google sheets (basically googles version of excel) document with all my bills and account balances. That way I know that I have put the money into the savings account sinking fund when it has a checkmark next to it. I can just look at that account number and it shows me that I have $X for Thing A and $X for Thing B, etc. It a great idea to keep the money separate too so that it doenst accidentally get spent or "I could just reimburse it later" attitude.
I am enjoying this series.You are doing amazing on building your life as a minimalist. You look a lot more relaxed.
I use to feel guilty about eating out. Now I incorporate it into the meal plan. I like having the night off from cooking and cleaning. Here is a hopefully helpful tip: Periodically we review our automobile insurance to see if we can get it less elsewhere. Also to make sure we don't have unnecessary coverage or lower deductibles than what you need.
My husband and I went through the Dave Ramsey class and when we received the 1,200 stimulus checks we used this extra money plus our tax returns to pay of credit card bills and our cat bill and I too use only cash. But I split up my grocery budget into envelopes and go shopping every two weeks. At the end of the month if we have anything left over it goes towards savings.
Congratulations, I am doing strict budgeting too. I think it will take me about 18 months to get on top of it.
You did it! You paid 1/8 of your debt in 3 months! 3 darn months. I am so proud of you Erica. You get how it works and you just DO it. You wished for a debt free live and you going to do this in a rate of 8 x 3 months if you keep this up. ( I know there's no tax return the coming months but the thought!) Oh wow, so incredibily happy for you and your family. The relieve is huge is it. That's how I feel, so relieved. And I didn't made those debts. We are powergirls, dear. Yay!
I'm a young adult, just got my first full-time job and got a personal loan of over $20,000 in June to buy my first car. I've already paid off $5,000 (yay!) I'm trying to have a better relationship with money and how to save and spend wisely so these videos are the best. You're doing so well, Erica. Also love the decluttering videos to ❤️
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I’m very, very proud of you
Great video, Erica! I’m new to your channel and have been binge-watching the series on decluttering. I’m on the same journey you are: paying off debt and working towards minimalism (☺️), though I started out with focusing on debt. I’m down to just a mortgage now (paid off a credit card and car loan - total about $15,000 in 2-1/2 years). I’m older than you 😉 and retired from homeschooling and working part-time, so it wasn’t easy to pay that debt off (esp. with family pressuring me to “go shopping” with them, etc.), but it was so worth it. I’ll be adding $3,000 to my already increased mortgage payment in August, thanks to an inheritance from my sweet dad. The rest of that $ has to go into maintenance on our condo. Sinking funds have changed my life! I keep track of them in a paper notebook. I used to worry and stress thinking we would be in big trouble if we had an emergency, because we only had a couple hundred dollars in savings. When we had a couple thousand, I still fretted. Then I learned about sinking funds. I listed all the future expenses we were facing, listed all 12 plus Emergency in my notebook and divided the $ up, starting with $1,000 for emergencies. I felt so relieved when I got done, even though we didn’t have $1 more than before. Just knowing I had a plan, and there was $ in savings to go toward those expenses gave me so much peace of mind..........Decluttering, on the other hand is a lot harder. That is wearing me out, but it too is worth it! I start and stop with that one, but your videos have got me determined to GET THERE this time. Hubby and I have taken two carloads to the thrift store with another nearly ready. THANKS, Erica, for your inspiring channel!! ❤️🙏🏼🥰
Great job! I would love to hear what your husband thinks of your amazing work. The transformation you made in the home and with the finances has been awesome. He must be so proud and it sounds like he has been helping.
poodlegirl55 he is supportive! He will be in future videos to answer these.
I love how honest you are. I'm not the spender, my husband is, but I'm inspired again. And evidently, I'm a level 1 hoarder that crossed into stage 2 recently! Must get that sorted... Thank you for sharing. You are truly a blessing.😊
Good for You! So proud of your achievements. I am in the process of getting rid of debt myself. Not easy, but SO WORTH IT! Keep going! YOU GOT THIS!!
Omg you made me laugh when you said you turned your heating down to 69, I never have mine over 65. I live in the UK so I guess I'm just used to generally lower temps 😂😂
Snap! We melt if our house gets above 20°C 😂 Us Brits must be hardy. 😉
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Well Done Erica! Could you do the boy's haircuts at home? Get a set of clippers and a few TH-cam videos would do it. Saving $40 is saving $40 that could go towards something else.Looking forward to the next one!
Great move paying off the car! And I think it's TOTALLY the right move to pay off that crazy 30% interest rate credit card next! After that, I would pay off the 9% consumer loan next. There's not a big difference in the percentage rates between that and the 11% credit card, and it would get paid off so much faster than the second credit card, since you only owe $5000 on it! Then you'd only have two left, and that would feel so much better than three!
Good job Erica. My goal would be to put all the money to those highway robbers charging 29 % first before the other cards. All I have to say about being debt free is that if i wasn't I would be screwed right now with a broken ankle. Out of work for 6-12 easy the doc said. My boyfriend use to be like. ... you have money in savings... no kidding. Just in case of something like this. I will be using all my sick, personal, vacation time for the next 4 weeks.(already used 2 weeks) After that all the bill money must come out of my pocket. Imagine if I only had a small sinking fund. I wouldn't make it past 1 month with no pay let alone 6 + weeks. Keep up the good work. My other suggestion is to dabble in couponing. I have a few awesome you tubers who can show you how to get many necessary items free or dirt cheap. Start with the easy stuff -toothpaste , toothbrushes, mouthwash and razors. Thank God I coupon hoarded before this accident because we have dipped in my stock pile for paper plates, toilet paper, hand lotion, trash bags, laundry cleaners, household cleaners. You name it. My goal was to stock pile 6 months worth. So after 3 out of work I will have 3 plus months supplies left. This is the thing that has me laughing at the Corona virus toilet paper runners. I already got mine. And for dirt cheap. 😁
Way to go ,I’m a senior on my own ,lost my husband last year . And also a lot of income ,doesn’t look like I’ll ever get out of debt .. Good for you 😊
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Dave Ramsey fan here is amazing to be debt free and become a minimalist no reason to spend money
It's not for everybody but consider doing a no spend....time period for you to decide. I have been doing it for three months and it is great. Instead of discretionary money, my husband and I get an allowance of $60 a month to spend on whatever we like...I am a thrifter so my money goes far. That means only necessary spending. I'm going to try for a year but the great thing is that you can do it exactly how you like it.
I love that you showed real #s, multiple charts, your categories, and the difference between the 2 methods of pay off. Parenthetically, kudos on “your look” in this video, also (hair etc).
Good job. Once you are out of credit card debt learn how to use those cards to make money. Free cash rewards credit cards are great. You use but keep track of what you spend and you pay in full when the bill comes. Take the rewards and pour back to pay any other credit card.
I love the “space and grace “!
Erica, I have budgeted my money this way for probably close to 20 years. I started with a notebook ledger and later moved to Excel. (I’ve never turned it into a bar graph though. Can’t wait to “nerd out” and do that now 😅). At times it can feel so cumbersome, but honestly I don’t know how people get through life without a system like this. One note on credit cards- as my husband and I each have a credit card that gives us cash back we often use the card when we know we have the cash to back up the purchase. Then I immediately set the money aside in the bill paying account so that it is there when the bill comes due. It takes a lot of discipline, but then the whole system takes discipline doesn’t it. - Best to you! I look forward to your progress every week.
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Well done! $8k in 3 months is shocking, wonderful and something to be proud of! PS, I love Excel charts. People really are visual. They are probably helping, more than you realize, cuz then you can see the $ go towards your specific goals, not just "discretionary" or misc.
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I like the idea of the debt avalanche vs the snowball.
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My Banking app recently changed...now it shows you where your spending your money...catagories are, Groxeries, Restaurants, Petrol, Bills etc...I was horrified...I am trying to set up a system that works for me...but I am deffinatley overspending...i set up my wardrobe and am pledging to not buy any new.clothes this year as I have enough...
Great job! We’re doing the debt snowball. Honestly, either way it doesn’t matter which process you decide to use (avalanche vs. snowball). If you’re aggressively attacking your debt you will save money on interest either way. We use the debt snowball because I love seeing how many debts we have paid off in such a small amount of time. I do love the idea of sinking funds. Keep up the great work!
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I feel the drive-through with kids. I just started following the budget mom monthly challenges to work on saving and putting money toward our debt.
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We are doing debt snowball because for us we see the list getting smaller
Interest is important but behaviour is awesome . We also transferred our credit card debt to an interest free card for 18 months which will save too. Think about that . We are with 5th 3rd in Michigan. We are at 22,000 including a car but will get there ! Keep going Erica ...!!
I have a lot of food allergies and can not easily eat out. I sometimes make extra when cooking so we have frozen meals for later. I just pop them out of the container into a oven safe dish, (cold oven) set the oven temperature and you have healthy food in about an hour.
Try something like this to see if you can cut way down on the fast food.
Good luck and you are doing great!!
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Finally is debt avalance been seeing too many snowball method too much
When I paid off my car it made all the difference. However, we need a new van desperately.
Our van is falling apart but my husband justifies it because my father in law and brother in law repair cars. His brother in law is actually very good.
I feel like we could do a lot better with eating out and the grocery bill too.
They also have Debt Management programs, where you make a lump sum payment and they distribute to your creditors. It saved me, and it didn't hurt my credit too badly. Now I have one credit card for emergencies only. Good luck on your journey! Love your channel!
I really enjoy watching your videos about minimalism and getting rid of your debts. I don't have a family, so my situation is totally different but I too try to learn minimalish style of life and get rid of my debt. I really admire your honesty. It's really helpful when you show with real life examples what you do and how it works for you! So thank you for all of your videos and keep going! 💪
I just wanted to clear up in my head, its not that you didnt have these events come up that you've set sinking funds up for, you just put them on credit cards, is that right?
I really appreciate your real life experiences being shared. I have no debt accounts but feel like I am always living paycheck to paycheck even though my income is more than my expenses. Thanks Erica.
PS my only feedback is i wish your videos were longer, because i really enjoy watching them!
I love how you are doing your cash sinking funds.
I appreciate your realistic and honest approach. I also love the space and grace for pizza! I feel that lol!
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You inspire so many people. You are doing such a great job with so many accomplishments. So proud of you. Have you ever considered publishing your recipe collection as a cookbook? I know that I would buy several and you have such a huge amount of subscribers, that would bring in a substantial amount
of revenue, as would any future books that are written by Erica Lucas!! Thank you for sharing your journey.
Good work Erica. You're a fine example for your children. I'm sure your Darling is smiling like a Chesire cat.
Another idea is when someone in the family gets a raise put a portion of that income into stocks otherwise you will just spend it. You won’t miss it because you lived without it up to that point.
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I have been wanting to follow Dave Ramsey for years! Now with my student loan rolling around I think I might take a dive thanks for the inspiration! Great job!
This is so awesome Erica! I'm seriously so proud of you!!! Keep up the great work!
You did a great job! You can be proud of yourself ❤️
Love when you can cut out things to pay down a debt!! keep it up girl!
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It’s amazing what money you can come up with when you really try!
How exciting! Congratulations Erica! Please keep us updated with your progress monthly, it looks like you will have that evil high interest card paid off within 2 months which will be an awesome achievement! And hopefully we can see you do declutters for your shed and attic soon too, i really enjoyed the crawlspace clean-out you did earlier..
You are doing such an amazing job, it's very inspiring! You are keeping me motivated to get our home and finances in better order ❤
We stopped eating out for a long time and saved money. Even fast food is extremely expensive compared to cooking basic groceries at home.
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You could try shifting some of the credit card debt to a 0% card. They usually have 18-24 months interest free. X
It may seem like you still have a long way to go, but you have made great progress! Keep up the good work. 🙌🏻👏🏻👏🏻
I'm from PA as well.
The matriarch of the family has spoken! ✊🏻
I don't know if you guys us USAA but if you don't you should! As a military family, you should have as many accounts with them as possible as they often have great rates (including intrest free credit card offers to can transfer balance to. Another option they have are low interest rate personal loan to consolidate credit card debt. Pull as much as you can out of that high rate card and pay off what's left aggressively.
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Loved this. And kudos for sticking to the avalanche, which I've tried numerous times but failed. I'm apparently a Snowball kinda person. :) I am really enjoying your updates, pls keep them coming!
Rewatching this video in June. I wonder how the avalanche has been going these next three months. I would love to see another progress update soon.
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That’s fantastic Erica!