Your sigh at 10:34 says it all. I can feel the weight of this on you through the screen, so just think how late you'll feel once you start making some serious headway. You can do it!
New sub here! I can hear the overwhelming feeling in your voice. You have made the first big step by confronting your debt and writing it down on paper. Bless you and I am sending you some prayers. I look forward to following your debt journey, you can do this!
Girl I feel for you this has to be overwhelming . I would snowball it you will be surprised how having a plan will make such a difference. Don’t beat yourself up it will get better!
New subbie!! You got this. If you can get rid of the Citibank card first, that interest is high, then do thee snowball to help motivate yourself. You took the first step and that's pulling all your debt to see where your at. Take on debt at a time and stay consistent, before you know it you will be making great progress. I'm on this journey with you, not as much, but its a lot. Keep your head up. ❤
New sub alert! Uve taken the first step pulling all the numbers and letting it sink in. Now u need a plan of attack. Ur lowest balance is also ur highest interest so avalanche and snowball apply there lol. Best of luck to u on ur journey. I'll be rooting u on!
Hey!!! New subbie!! I know the feeling when I look at my debt I just wonder how did I think this was ever ok. Just take it one step at a time. You can do it!! I’m here to watch your debt freedom journey!!
New sub here!! My suggestion is to just continue making your minimum payments and rebuild an emergency fund, this way you won’t reuse credit cards you already paid off. I am here to support you every step of your journey! Thanks for being so transparent!
It very much seems like when you bought the house everything just went down hill. But you have addressed your debt now it’s time to put in the work to get those paid down and off ! Stay positive
New subbie alert ‼️ I think that one is the hardest and you’ve done… which is pulling all your numbers together and knowing exactly what you need to get rid of… the next step of paying it off and sacrificing is hard, but it will get easier as time goes on!! you’re not the first one to be in this situation and you won’t be the last(I’ve been there before too). But what you’re doing is so important and I’m here to tell you that the grass is greener financially on the other side!! You can do this and I’m happy to cheer you on!!
You forgot to consider the interest at the end there. That is an overwhelming debt, have you considered selling the house? Unless you have a huge income, this will spiral out of control.
New Subbie ❤ I’m here supporting you all the way! Thanks for sharing. You can start with the debt snowball, and see if you can refinance some debt later on. Great interest rate on the mortgage. Happy Friday.! ❤
Newly subscribed. I was in your shoes. I owed almost $460 K. I put $130 K into home repairs and sold my house and after two years and $26000 credit card debt I had to file bankruptcy. I hope you can get out from under this load somehow.
@@MadisonBriggsArtchick I’m actually concerned I’m headed that way. I after all the money I’ve had to put into the house, I feel that sellers should be obligated to tell potential buyers of upcoming or needed repairs. Home inspections are over rated. Thank you, I have high hopes for a good bonus and tax refund.
There’s nothing wrong with filing bankruptcy. There is way too much self deprecation, flagellation and ideas about deserved suffering around money. Making a mistake in the house or car you buy shouldn’t mean you just are fucked forever. Bankruptcy is an option and plenty of people move on and are great after that. Depending on the chapter you can keep the car and house. Just saying.
Yes I would concentrate on paying off the loans and credit cards first then worry about the mortgage later. Put extra money into the smallest debt first doing the snowball effect.. that way it feels as if you’re achieving something
I would recommend you consolidate all the credit cards into a loan. There are companies that help you. Then i would have the house appraised and see how much it is now. If you sell the house, you could see if you return a profit. Use that to pay off the credit cards. If not then you would have to wait a few years.
@@lolyjo4722 at my peak I was only bringing in $4600. Then I retired and sold my house, hoping to pay off all my debt. Unfortunately, I still had debt leftover that the sale didn’t cover. And then I accumulated more debt because my father had medical emergencies and needed my help. My retirement income wasn’t enough to cover my debt payments and my living expenses so I started doing balance transfers and cash advances to cover payments. It got worse and worse. As painful as it was to admit defeat, I am now almost through the Chapter 7 process of eliminating all my leftover debt, which is $102K. My income without debt payments is something I can live on. I am seriously done with debt.
Oh girl. I’m so sorry. You’re drowning. Can you do food delivery at night? You need to make more money. If you could make an extra 1,500 a month, you could tackle that debt so fast.
@@terryhenderson424 I’ve actually thought about that, but my house is small and my son lives with me. I don’t feel comfortable with someone else living here. But thank you for the suggestion. And thank you for watching. 🙂
Your sigh at 10:34 says it all. I can feel the weight of this on you through the screen, so just think how late you'll feel once you start making some serious headway. You can do it!
If you have to take a 401k loan to buy a house that’s a sign you’re not ready to buy a house
@@ludens1526 I agree.
Unfortunately in todays world that’s the only chance some people have. Homes are outrageously expensive
New sub here! I can hear the overwhelming feeling in your voice. You have made the first big step by confronting your debt and writing it down on paper. Bless you and I am sending you some prayers. I look forward to following your debt journey, you can do this!
Girl I feel for you this has to be overwhelming . I would snowball it you will be surprised how having a plan will make such a difference. Don’t beat yourself up it will get better!
@@missmrice91 thank you so much for the encouragement!
New subbie!! You got this. If you can get rid of the Citibank card first, that interest is high, then do thee snowball to help motivate yourself. You took the first step and that's pulling all your debt to see where your at. Take on debt at a time and stay consistent, before you know it you will be making great progress. I'm on this journey with you, not as much, but its a lot. Keep your head up. ❤
New sub alert! Uve taken the first step pulling all the numbers and letting it sink in. Now u need a plan of attack. Ur lowest balance is also ur highest interest so avalanche and snowball apply there lol. Best of luck to u on ur journey. I'll be rooting u on!
@@budgetfor5withstephanie thank you so much for your encouragement! And thank you for subscribing. 😊
Hey!!! New subbie!! I know the feeling when I look at my debt I just wonder how did I think this was ever ok. Just take it one step at a time. You can do it!! I’m here to watch your debt freedom journey!!
@@tianab428 oh my goodness, thank you so much!
New sub here!! My suggestion is to just continue making your minimum payments and rebuild an emergency fund, this way you won’t reuse credit cards you already paid off. I am here to support you every step of your journey! Thanks for being so transparent!
@@BudgetwithRose thank you! 😀
It very much seems like when you bought the house everything just went down hill. But you have addressed your debt now it’s time to put in the work to get those paid down and off ! Stay positive
@@melissaedwards9373 it does for sure, thank you so much, I need to hear to hear it!
New subbie alert ‼️ I think that one is the hardest and you’ve done… which is pulling all your numbers together and knowing exactly what you need to get rid of… the next step of paying it off and sacrificing is hard, but it will get easier as time goes on!! you’re not the first one to be in this situation and you won’t be the last(I’ve been there before too). But what you’re doing is so important and I’m here to tell you that the grass is greener financially on the other side!! You can do this and I’m happy to cheer you on!!
@@BudgetStuffSaveRepeat thank you!
You forgot to consider the interest at the end there. That is an overwhelming debt, have you considered selling the house? Unless you have a huge income, this will spiral out of control.
New Subbie ❤ I’m here supporting you all the way! Thanks for sharing. You can start with the debt snowball, and see if you can refinance some debt later on. Great interest rate on the mortgage. Happy Friday.! ❤
New subscriber. You can do this! One decision at a time.
@@1myjet1 thank you so much, that’s where I am right now, one decision at a time. 🙂
Newly subscribed. I was in your shoes. I owed almost $460 K. I put $130 K into home repairs and sold my house and after two years and $26000 credit card debt I had to file bankruptcy. I hope you can get out from under this load somehow.
@@MadisonBriggsArtchick I’m actually concerned I’m headed that way. I after all the money I’ve had to put into the house, I feel that sellers should be obligated to tell potential buyers of upcoming or needed repairs. Home inspections are over rated. Thank you, I have high hopes for a good bonus and tax refund.
@@MadisonBriggsArtchick thank you for subscribing.
Absolutely pay off the Citibank at 29.49%. Just get rid of it, the interest is just too much.
Thank you everyone who has subscribed to my channel. You are all very sweet to support me. ❤
The numbers are not easy to look at but the solution is still the same… pay more than the minimum.
Good luck
There’s nothing wrong with filing bankruptcy. There is way too much self deprecation, flagellation and ideas about deserved suffering around money. Making a mistake in the house or car you buy shouldn’t mean you just are fucked forever. Bankruptcy is an option and plenty of people move on and are great after that. Depending on the chapter you can keep the car and house. Just saying.
New Subscriber🎉
@@vbb8948 thank you so much!
I'm not sure why you included the mortgage in your debt. I understand it's a debt, but it's housing, you have to pay that regardless.
@@josina5302 I thought about leaving it off but was thinking it wasn’t completely honest if I did.
Yes I would concentrate on paying off the loans and credit cards first then worry about the mortgage later. Put extra money into the smallest debt first doing the snowball effect.. that way it feels as if you’re achieving something
I would recommend you consolidate all the credit cards into a loan. There are companies that help you. Then i would have the house appraised and see how much it is now. If you sell the house, you could see if you return a profit. Use that to pay off the credit cards. If not then you would have to wait a few years.
@@AryaStarkTheExplorer I’ve actually just done the the first thing. 🙂
New subscriber here also...... here to support you🌹
@@My2up2downCastle thank you so much!
New subscriber here ❤
What is your income?
@@MadisonBriggsArtchick I bring home about $6000/month. My son also contributes to expenses based on his income.
@@lolyjo4722 at my peak I was only bringing in $4600. Then I retired and sold my house, hoping to pay off all my debt. Unfortunately, I still had debt leftover that the sale didn’t cover. And then I accumulated more debt because my father had medical emergencies and needed my help. My retirement income wasn’t enough to cover my debt payments and my living expenses so I started doing balance transfers and cash advances to cover payments. It got worse and worse. As painful as it was to admit defeat, I am now almost through the Chapter 7 process of eliminating all my leftover debt, which is $102K. My income without debt payments is something I can live on. I am seriously done with debt.
@@lolyjo4722 wow you have a great income.
Oh girl. I’m so sorry. You’re drowning. Can you do food delivery at night? You need to make more money. If you could make an extra 1,500 a month, you could tackle that debt so fast.
@@BLittles I think about that all the time.
Is it time to get a roommate?
@@terryhenderson424 I’ve actually thought about that, but my house is small and my son lives with me. I don’t feel comfortable with someone else living here. But thank you for the suggestion. And thank you for watching. 🙂
💚
@labcat647, trust me, I’ve thought about selling the house. And I might. I am going to give myself one more year to make progress and then decide.