2025 Debt Update | A look back at 2024 goals | Setting 2025 Goals
ฝัง
- เผยแพร่เมื่อ 5 ก.พ. 2025
- Hi Friends! It's been awhile since we've done a debt update. Let's take a look at what we are starting with in 2025 and what our goals are going to be this year!
Welcome to my budgeting channel. I’m a 41 y/o mom of 4, wife, and nurse budgeting our way to becoming debt free! This channel will have videos of our real budget, debt payoffs, cash stuffings, and savings challenges!
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Connect with me:
Stefsonabudget@gmail.com
Stefsonabudget
PO Box 45242
Rio Rancho NM 87174
My Esty Shop: stefsonabudget...
Ko-fi: ko-fi.com/stef...
IG: ...
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Supplies I Use:
Big Happy Planner
Expander Discs (from Happy Planner
Budget by Paycheck Workbook from TBM: shop.thebudget...
Planner Cover: www.etsy.com/s...
Debt tracker: www.etsy.com/s...
Gel Highlighters: amzn.to/4d0E8OV
Fine Liner Pens: amzn.to/4a28CgN
Click Pens: amzn.to/4aIYVou
Zipless Envelopes: amzn.to/4di6C6S
Calculator: amzn.to/3UoLmom
Floral A5b binder: amzn.to/44b8utU
A5 binder: amzn.to/3UmP4hh
Zip Envelopes: amzn.to/49GBniM
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Disclaimer: I’m not a financial advisor. This channel showcases our personal journey to financial peace 💛💜
#budget #budgetwithme #cashstuffing #debtfreejourney #thebudgetmom #sinkingfunds #savingschallenges #budgetcommunity #debtfreecommunity #cashenvelopes #happymail #savings #budgetbypaycheck #budgetbypaycheck #zerobasedbudget #mondayminisavings #savings #savingmoney #savingschallenge #cashenvelopesystem #cashenvelopestuffing #debtfree #budgeting #mondayminis #mondayminissavings #savewithme
Please check the terms for the first credit card. I hear everywhere that once the 0% interest stops, they charge the full interest from the starting date and the starting balance. If the interest is 27% you will be. right back where you started. I would make sure to pay it in full, even if it means cutting back on saving goals for January. It will save you so much money.
Deferred interest is the worst! It absolutely will be in the fine print though. Yes, definitely check this card's fine print before moving forward.
I wasn’t able to find if I’ll be retro charged interest online so it looks like I’ll need to call and ask. I definitely don’t want that to happen so if that’s the case I’ll need to rethink Januarys strategy.
You could use this same sheet and just white out DEBT 7 and have that be where your totals are.
I came here to say this 😊
Likewise! That's what I was thinking as well
Just said the same thing before I seen your comment lol
Hi, having had 3 teenage drivers in my house at once, we bought them used cars and they had insurance in their name (and pay for it), because if they got into an accident it’s under them and not us. In my opinion a teenager doesn’t need a new(er) vehicle with loan payment. Get her to save up for a used vehicle (or split 50-50) and pay her insurance bill. Good luck on your goals.😊
Good luck, Stef!! I’m here cheering you on to hit all your goals 🎉😊
Thank you so much Barbara! 🩷🩷🩷
Thank you for being so transparent with your financial goals. Our goal for this year is to pay off 2 credit cards and both vehicles.
Love this! Great job hitting your 2024 goals. I’m definitely more motivated watching you 💚💚💚💚
Thank you my friend! I appreciate the kind words so much! 🥰🩷🥰🩷
I ended up just making my own debt tracker physical and digital, but those are cute layouts. I have two debts left to payoff. Good luck to you on your goals!
you could just use white out or stickers where it says debt # and write in what you want it to be.
Great goals for 2025, great progress on 2024.
Thank you so much! 🩷🩷🩷
Thank you so much for being transparent and sharing your debt update! Great video ❤
Awesome job on your debt payoff for 2024! 🎉 I love following you because you use TBM and the way you explain things. I'm on my payoff journey for 2025 and will be doing a lot of what you did today. Getting all your debt on one page is definitely an eye opener. 😂
Yay! I’m so glad you are here and sharing the journey! I hope you crush 2025. I always feel this sense of relief after getting all the official debt numbers down. It’s like, ok it’s done now, let’s do it! 🩷🩷🩷
Hi Stef, you did amazing with your 2024 goals & I know you will definitely accomplish your 2025 goals as well ❤❤❤ I am also trying to pay off debt, and it is really hard
Hey Stef! Might want to check that citi 2 card - if you had a 0 interest period, usually if you don't pay off the full amount the interest from the entire time period will hit, not just the interest moving forward. Just want to be careful you don't get hit with a giant interest amount
Thank you! I wasn’t able to find if I’ll be retro charged interest online so it looks like I’ll need to call and ask. I definitely don’t want that to happen so if that’s the case I’ll need to rethink Januarys strategy
Great job Stef! This journey is not for the weak, especially when life gets in the way. As long as those numbers go down, you’re winning! Love u! ❤
It’s definitely a journey!!! Thankfully I love budgeting and that helps make it a bit fun 🩷🩷🩷 love ya
Goals can definitely change throughout the year. Even though you weren’t as focused on debt payoff near the end of the year, you still made some good progress! I do miss your monthly debt updates and hope you bring them back ❤
Your month ahead savings was so inspiring! That was so much fun to watch 😃
Thank you much Katie! I’m definitely going to shoot for a monthly update. I think those are key for staying on tracking. Just knowing you have to come back to those numbers every few weeks. 🩷🩷🩷
My head naturally lays slightly to the right when I watch you, so turning your book….it’s perfect. 😬😆
I am all about paying off debt this year. I’m excited! Also, I’m looking forward to watching you kick your debt in the booty.
Happy New Year, Stef. 💜💛
Great job on paying down your debt. Make sure that your 0% card does not charge you the current interest rate for the beginning total. There are many cards that will do that if it is set up that way.
Thanks for the tip! I wasn’t able to find if I’ll be retro charged interest online so it looks like I’ll need to call and ask. I definitely don’t want that to happen so if that’s the case I’ll need to rethink Januarys strategy
OMG Stef. I thought you put that pic because you were talking about debt not because you were caughin😂😂😂😂so funny. I loved your break down of goals. That has helped me process mine. I was struggling with it. Thank you. ❤❤❤❤
Haha that’s my debt reaction as well! 🤣🤣🤣 I like breaking things down into smaller bits. It helps keep the motivation up when you get the wins along the way. Especially when your tackling large amounts like I have 🥰🥰🥰
These are really good goals debt payoff is so hard
Thank you! 🩷🩷🩷
great job reaching your 2024 goals. I think you will meet the 2025 goals as well.
Great goals for 2025 ❤
Thank you! 🩷🩷🩷
Oh my t I absolutely love that planner cover!!!! It's a great motto
I love it! I think so too 🩷🩷🩷
Girl, can I just say that I am so thankful for your videos. I learn so much from you. And I am so
Grateful. Thank you for posting and sharing! ❤
Aww heart melt! ❤️❤️❤️ Thank you for the super kind words. I’m so glad you are here! We’ve got this this year 🎉👏🏻🥰
@ heck yeah we do!!!
I agree...Progress not Perfection. If it's coming down we're winning 💜
Thank you Shellie! Happy New Year my friend. This is our year 👏🏻🥰👏🏻🥰
Hi Stef, great job accomplishing ur goals for 2024! U did so well w ur debt payoff for 2024! I have no doubt u will achieve ur 2025 goals! U got this 🎉
Thank you Steph! I’m super excited to see how this year goes. Fingers crossed it treats us both well. We got this! 🎉👏🏻🥰🩷
Paying off any debt 💸 is a great feat. Great job my friend 😊❤
I totally agree Deena! 🩷🩷🩷
Thank you for sharing your goals! And I agree about the vehicle debt - I hate to say it, but it’s just part of our budget. We have bigger fish to fry! We have a home equity loan debt that’s enough of a focus for us these days 😂. I always learn something when others share their goals and budget. Thank you!!
Happy Monday, Stef :)
Hello my friend. Glad you made it home ok 🩷
Hey hey Stef!!
This was a great video! Congrats on accomplishing so many goals in 2024. I can’t wait to see you hit all your goals in 2025! ❤
Thank you so much Lisa! I’m excited to see what we can do 🥰🥰🥰
Fab video 😊 great debt pay off so far too! Any debt paid off is good 👍🏻 xx🧡🍂🦊🍄
Thank you, It really is! 🩷🩷🩷🩷
Great video 💚💚💚
Thank you so much my friend! 🩷🩷🩷
I love this video to do a look back at the year I want to do that too and then you can see what realistic goals are and what you have accomplished
Great goals getting mine together now I am always late 😅
Nah, we’re just getting started. Plenty of time my friend 🥰🥰🥰
Hi Stef ❤ great job at completing last year's goals 👏 great goals for this year we got this 😊❤
Thank you Mindy! 🩷🩷🩷
Hey Stef! I love your planner cover😍. I use I snowball tracker sheet similar to that as along side The budget mom debt sheet as well. I think an increase in Christmas spending is a great goal. Great video!! Can’t wait to see all of your videos in the way you accomplish your goals❤❤❤
This is an awesome video. I am still trying to figure out how I want to track things so seeing others do theirs is sooooo helpful! You’re such an inspiration. ❤
Loved listening in to your goals! Really helped me! Thank you SO much for sharing!
Yay! Thanks for being here sweet Miranda! We’ve got this this year 👏🏻🥰
Dang, Stef, I didn’t ever realize you were at 5K subs. I’m so proud of you! Way to go 🎉🎉❤
Love that increased Christmas goal! And the investing goals. 2025 is going to be so good for you!
Awesome goals! You did great in 2024!! 💕🐻
Thank you!! 🥰🩷🥰🩷
Great video
Thanks so much! 🥰🥰🥰
I can’t wait to watch you knock out this debt this year❤
You could cross out debt 7 and use that as your total column
Great suggestion, thank you 🩷
One vehicle sounds like a nightmare! I bought a new vehicle in 2023 after driving a paid off 12 year old vehicle for years. The teenager got the paid off car. While it is nerve-wracking when they drive, it sure is nice to have cut down on chauffeur time!
Pretty sure the budget mom has that first debt snowball tracker in her free resource library without the prefilled headings.
Great video Stef makes me understand a little better of how to track my debt i would like to know how you keep track of when you take out your money in your high yield to pay things
Citi might be nice and do things differently, but every 0% interest promotion that I've seen will charge you for ALL the interest when the promo ends if there's still a balance. It's how they make their money for being so "generous." I would do everything you can to pay it off!
I wasn’t able to find if I’ll be retro charged interest online so it looks like I’ll need to call and ask. I definitely don’t want that to happen so if that’s the case I’ll need to rethink Januarys strategy
I would whiteout the ‘debt 1/2/3’and write the name over it.
Great video. So excided to see you knock off all that dept. 😁 we also HAVE TO HAVE one vehicle each. I have 30 minuts of drivning to my work, my husband also have 30 minutes to his work. And our son have to drive to the buss so he can get to school. He is 17. And you cant get a driverslicens here in sweden untill youre 18. But we have a.. I dont know how to say it in english. But its a car that only goes 30 km/ hour. Hes got a driverslincens for that. You can get it when you turn 15. We live out in the country. Here isnt any busses or any other transportations near. So we really need one vehicle each.
Hi my Steph Big hugs from Coco
Happy Friday my dear friend! Happy Nee Year! 🎊🥰
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Instead of saving $3000 for Christmas pay off the student loan. Spend time with family instead of spending money on them.
Hi Stef. So it looks like you no longer have a mortgage? Or did you just not include it in the debt? Thank you so much for this example. It really helps.
Hi Brenda! We definitely still have a whopping mortgage I just didn’t include it here since we’re a long way from anymore of progress or payoff there. 🩷🩷🩷
@ that makes perfect sense. I think I will leave mine off as well. No point in causing undue stress every time I open the page. ❤️
@@brendaplans1992 I totally agree. It makes the number so big it seems like no progress is made. I likely won’t add it in until that’s all we’re working on. We’re under 5 years in our home so not much is going to principal right now.
@ same here! We’ll get there!!! ❤️
Anyone know where I can find a cute printable 401K tracker?
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Your citi bank will only charge you a little interest?
I wasn’t able to find if I’ll be retro charged interest online so it looks like I’ll need to call and ask. I definitely don’t want that to happen so if that’s the case I’ll need to rethink Januarys strategy.
Great video 😊❤
Thank you! 🩷🩷🩷
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