10 Recommendations to Eliminate Debt & Monthly Payments
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- เผยแพร่เมื่อ 8 มิ.ย. 2024
- #howtogetoutofdebt #howtosavemoney #moneysavingtips
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Here is a link to the article referenced in this video...
www.nytimes.com/2023/08/18/yo...
www.foxbusiness.com/personal-...
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Divorce for almost 2yrs now. My ex leave me nothing to start over after not letting me work for 14 yrs. I have debt so I can survive with my 4 kids. Now I'm working and learning to handle my budget while paying debt. Thank you for sharing us your knowledge. God bless ❤
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Getting out of debt is very essential. STAYING OUT OF DEBT IS EVERYTHING. People reading here or watching and are on the Debt Payoff Wagon…please make it your commitment to STAY out of debt so you never have to do this again. Great video.
In my family in Europe, My mom never had a cc, asked for a loan... I feel like in América they force you to be on debt "in order to build your credit" such a trick to have people on debt so they can buy more things
This video convinced me to put my aspirations for an Indian vintage motorcycle aside for now and work on eliminating as much debt as i can for now.
Yes! Then, once you can pay cash for that vintage motorcycle, it will be sooo much sweeter 🤗
As a kid, my granddad always used to tell me: „Never spend all your money. There might come a time, where you‘ll really need it (aka an emergency).“ He grew up during WWII and for him it meant the difference between starving or not. I will always remember those stories. And even though I know, not everybody is lucky enough to decide, how they spend their money, this has always helped me. When people around you tend to spend their money for unneccesary things, it helps to stay wirhin your means 😊
I completely agree with him. That generation can teach us so much. Thank you for sharing this with us! 🤗
You are changing my life.
We have been payment/debt free since 1998.
I would also recommend Love Your Life Not Theirs. I was able to get the audiobook from the library so it was free. It really changed my way of thinking about a few things. Especially when comparing my life to my sisters. Great resource!
I’ve just finished one of Dave’s books and nearly downloaded Rachel’s book for free, but I wasn’t sure. Is it really helpful?
Yes! It is an amazing book. I talked about it in #10. Her book "Love Your Life Not Theirs" hits the emotional side of money that so many need to hear. It is also extremely practical. 10 out of 10 recommend!
Thx will read
9⁰9@@angelwings1
Hey Jennifer 👋. I consolidated all my bad debt into an IVA. There is no interest. I just make one payment every month. It will be all clear in 2 years.😊😊
Fantastic! The finish line is in view 🤗
What is an IVA??
@@Savannah-ed4rv An Individual Voluntary Arrangement.
How does one do this? Privately? Credit Union?
@nancyockrin7428 An IVA depends. Are you in the UK? If so, find an IVA provider. Give them all your details about debts & they will contact them & ask if they will accept an IVA. If they all accept, then you will make one manageable payment per month until its paid off
So after watching this video and hearing you say get a second job to pay off debt, I went and got a second job. The plan is to use that income to pay off mine and my husband's debt.
Jessica, that is fantastic! It is only for the season of getting out of debt. Keep that in mind. You've got this! 🤗
Saying no to the little ones. Man, they can cajole you into spending money you don't have. 😅
Sad but true. I need some inspiration on how to teach my kids to spend money wisely, to valorate the efford their dad put to get that money and the effort I put to administrate it.
@@tanial8171we started our kids with earning tokens. 1 token = $1. They can only spend the tokens that they have. They earn tokens by doing chores or their math / writing / reading work.
We noticed that they were able to decide when they could have a toy or to choose better options.
We then move to telling them to not spend all their tokens and to share with others.
Nowadays, they can resist the urge to buy toys when we are in a store. We tell them we cannot afford x amount or that it is expensive or it could take away our budget for food / education or something else.
Of course, some days, all these are out of the window when they have their moments when they badly want a toys 😄 My kids are 7 and 4.
Great info..there's no better feeling than being debt free ❤
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Great 👍🏾 👌
I’m so thankful for videos like this to help motive me to keep paying off my debt!
I am so excited for you! I know you can do this 🤗
I’m finally going to start my debt free journey with Dave Ramsey! I feel totally inspired. Just finished one of his books. Will continue to watch your YT to stay inspired & to get tips :)
I am so excited for you! Hang in there and continue to consume positive information so you stay motivated. You will look up and see the finish line in no time! 🤗
@@THEJENNIFERCOOK thank you! I can only start now that I’ve FINALLY got my husband on board. He seemed to think that debt was normal & it wasn’t a big deal. It’s taken a long time to convince him. He’s been watching DR on TH-cam with me :)
Breaking the daily starbucks habit was very very hard. But I did it 🙌
Yes!!!! You stayed committed ❤️
You are absolutely right.
I’m working my way out of the whole.
You can do this! At the end of it, you will feel so accomplished because you got out of that whole... Keep going! 🤗
Thank you!
The only debt we have is our car payment. It is my goal to pay it off 3 years early, I want our little family to be debt free.
Yay! Every little bit towards that balance gets you there quicker. You have a goal and a plan... you've got this!
3 years to pay off a car!!! 🫣🥺
Wait, 3 years early - how much was that car ??!?? 😮
@elenapavlova6101 I bought the car in 2021 and did a 6-year loan. So I want to pay it off next year, which would be 3 years early. 🙂
@@A2thaLO hopefully interest was really low then, cause these days those interest rates are insane
gotta love Jennifer, great insight!
Thank you ❤️
Your are so down to earth - it is truly refreshing!!! Just found your channel by accident and love it 🙂
Welcome to my channel! Thank you so much for taking the time to stop in and say hi 🤗
I’m down to $3,500 in debt, $0 savings, ( working on it now ) and 38, single female, no children, renting, I want to buy a home or condo eventually, I hope it’s possible. Low income 42k a year. I’m so stressed .
This was such a great video Jennifer ❤ thank you for all you do
Thank you so much! Hugs to you 🤗
Well said! The quick wins snowball... To pay off debt❤
You always have a great video. I hope you and your family are having a fun holiday weekend!
Thank you, Linda! We are having a wonderful weekend, and I hope you are as well ❤️
I'm in Canada and I use every dollar and I love it.
Perfect timing for this video, thank you! I appreciated hearing your thoughts on the JPaige envelope system (which I've struggled with) and the snowball vs. avalanche methods!
Thank you so much! I am glad the information was helpful 🤗
Thank you for the video
Thank you for taking the time to watch it! 🤗
@@THEJENNIFERCOOK 😊
Great ❤❤❤😊😊😊
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I love YNAB for my budget needs .
This is so helpful thank you! What's the best counterpart of Every Dollar App in Canada?
Yes the Every Dollar app is available in Australia now 👍
Hey Jennifer!! I just want to let you know you have really helped me out with balancing being a mom and trying to be financially responsible. Thank you so much for your videos. Also I love your new haircut, you look great! Keep the inspiration coming!!!
I love YNAB! ❤😊
My student loans just restarted. My monthly bill is $1,300.00. I get paid biweekly and that bill is more than half of my paycheck. Rent per month is $2,000.00, and that's not including car payments, phone bills, insurance (health, car and renters) etc. I was pressured into college because I was sold a lie that you have to go to college to get a good paying job. Well I graduated in 2020 and good paying jobs truthfully don't exist in this economy. Inflation is at an all time high. Sometimes I think there is no way out.
I keep hearing about this credit card record lately, which is outrageous, feels good no longer being a part of that 1T
Hi Jennifer 👋🏻
Hi Maria! Have a fantastic week ❤️
Does the report show on why they used or on what they used it for . Is it many trying to keep up with the jones ? The jones who we in secret don’t like and try to impress … very curios
In 25k in debts and spent $700 on eating out and shopping today 😮😢
And now you can start paying it off.👍❤️
Ouch.. even frozen pre cooked meals are cheaper than restaurants.
I use National Debt Relief
Do you think that at age 80 it still matters to eliminate debt? My niece says don’t bother…what do you think.
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if disabled and on a fixed income how to get out of debt quickly?
money manager and easy budget for sri lanka/romania
The one of the best apps in Australia that I have found is pocketsmith. Also I am going to toot someone's horn. Scott Pape - The Barefoot Investor. Amazing and clearly is an Aussie Dave Ramsey. I resisted his techniques because I had a very low income, my excuse! oh and the other excuse is I no longer had someone controlling my every ... thing. Husband decided he wanted a divorce right in the worst of the GFC. Booked my ticket and left with 2 suitcases, shipped a few boxes of personal items. I had $600 left to my name. I was pretty raw and it took years to rebuild my life and at one point was very close to homeless. Best thing that has every happened to me and learning to BUDGET without emotional drama lol Now I am 63 years old, I have an emergency fund that will cover me for 12 months of living. I am debt free, rent and utilities are paid up 3 months in advance (there is sneaky little account that covers subscriptions and direct debits that is looking very healthy) the other account is an everyday expenses (eg groceries) that has a budget to it and lastly a splurge account that will cover birthdays, xmas, leisure trips and the occasional event/dining out. I implement my budget everyday and I do not feel deprived at all. I live simply and moderately. Happy days ❤
Book that changed her life: Love your life not theirs by Rachel Cruz
U couldn’t agree with u more
I got scammed and scammer got me to use my credit card to buy gift cards which put me in $27k in debt that I had to take out a loan to pay off my debt! I was able to pay off $9-10k of my loan. 23:04 Now recently I lost my extra hours of work and feel awful stressed! My utility bills keep climbing and I also have a mortgage! My income is on poverty level now. Any suggestions? I’m in my 70’s.
Even if I could make a budget, I wouldn’t be able to stick to it