How To Pay Off $13,000 with $300 a Month | Snowball Method Step-by-Step

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  • เผยแพร่เมื่อ 26 พ.ย. 2024

ความคิดเห็น • 56

  • @bethhawes8965
    @bethhawes8965 4 วันที่ผ่านมา +20

    Hi from Beth in California ❤️ You might not see this…but my mom and I have been unfortunately on not-speaking terms for years. But last week, she visited my home and we are on a path back to healing. When she first arrived, sitting with her on the sofa was awkward, but on TV there was one of your videos, then it auto played two more of your videos. Honestly, enjoying your videos together and discussing really broke the ice - we were having fun together. I just wanted to say thank you for being such a lovely person 😊 Beth, 32

    • @AjaDang
      @AjaDang  2 วันที่ผ่านมา +2

      wow Beth, thank you so much for sharing and glad to have been part of that memory. Hope this is the beginning of a healing relationship with your mother. Sending love.

    • @rushfan2112_
      @rushfan2112_ 2 วันที่ผ่านมา

      This comment is really sweet! Thanks for sharing and best of luck to your family as you learn to renavigate that relationship.

  • @Vickigonz1
    @Vickigonz1 22 ชั่วโมงที่ผ่านมา +4

    Thank you for helping me understand how the process works. I've created my plan and can see my journey. Cheers to being debt free in about 3 years. My goal is to pay off my transfer debt 1st since I don't have interest accruing. That one will be paid off by Feb of 2026 and then I can move onto the last 2 credit cards. My total debt is $28,473. I can do this!

  • @Alexandra-vo1ex
    @Alexandra-vo1ex 4 วันที่ผ่านมา +31

    Congratulations on almost 5 years debt free! It’s been amazing seeing your journey- including all the fun you’ve gotten up to after meeting your goal!

    • @AjaDang
      @AjaDang  2 วันที่ผ่านมา +2

      crazy right? Time flies.

  • @sharons5118
    @sharons5118 4 วันที่ผ่านมา +14

    Trying to tackle my six-figure student loans (law) with the avalanche method. 😂 Feels good seeing the loan w highest interest balance go down but I know it's going to be a looong journey. Thanks Aja for these types/all your videos are inspiring to watch. Saw a comment below re your budget videos - ignore the negative people cause your community will still be here supporting!

    • @AjaDang
      @AjaDang  2 วันที่ผ่านมา +1

      So happy the avalanche method is working for you! It's gonna be a long journey so remember to treat yourself along the way!

  • @DavidKnicks
    @DavidKnicks 3 วันที่ผ่านมา +7

    Another Aja Dang financial video?? OMG yes. Keep doing these. You freaking rock!! I love these type of videos

    • @AjaDang
      @AjaDang  2 วันที่ผ่านมา +1

      I'm trying to get back into it for y'all but short form videos are just so much easier 🙇🏻‍♀🙇🏻‍♀🙇🏻‍♀🙇🏻‍♀

  • @nomaam5891
    @nomaam5891 2 วันที่ผ่านมา +5

    This was amazing to watch! I have been trying to figure out ways to pay off my student loans and this gave me hope. It was clearly explained and now it gives me something to work with. Thank you!!

  • @TheBradpitt1004
    @TheBradpitt1004 3 วันที่ผ่านมา +4

    I am in love with how she explains and showing a great plan. I am now a subscriber.

    • @AjaDang
      @AjaDang  2 วันที่ผ่านมา

      welcome :)

  • @naturalbeauty25
    @naturalbeauty25 วันที่ผ่านมา +1

    Writing it out this way is so very satisfying and gives a concrete, visual plan to keep one motivated. Thanks for sharing!

  • @ohsarabeth
    @ohsarabeth 3 วันที่ผ่านมา +3

    Forever grateful for your wisdom and guidance in helping me in my debt free journey!!

    • @AjaDang
      @AjaDang  2 วันที่ผ่านมา +1

      and you killed it!!!

  • @suzymiller4482
    @suzymiller4482 4 วันที่ผ่านมา +4

    I think your amazing, your voice is soothing, your doing a fabulous job 🎉

    • @AjaDang
      @AjaDang  2 วันที่ผ่านมา

      thank you :)

  • @Tashas_Travels
    @Tashas_Travels 3 วันที่ผ่านมา +2

    Please do more of these videos, atleast 1 video bi-weekly of you helping a subscriber.

  • @ccap3211
    @ccap3211 4 วันที่ผ่านมา +12

    This girl should do balance transfers. I owe 11k in cc. I’m doing the snowball method bc I have done balance transfers on all my cards so I don’t have interest. Idk why everyone doesn’t do it. It saves so much money. Once the 0% interest promotion ends (usually 12-18 months) I just do another balance transfer. It’s helped me pay off a few cards way faster than I would have otherwise.

    • @brirome5102
      @brirome5102 4 วันที่ผ่านมา +1

      This is also the method I’m using! So helpful especially for larger cc balances

    • @AjaDang
      @AjaDang  4 วันที่ผ่านมา +2

      @@ccap3211 which cards do you use to transfer your balances. I know someone looking into it

    • @eyeballs306
      @eyeballs306 2 วันที่ผ่านมา +2

      As someone whose life depends on balance transfers, it’s become a trap for me because I keep spending. But that’s probably me and a deeper issue that I have. Initially it kept me debt free for 6 months but I kept deferring to balance transfers and it’s become a bad habit now. I know it works for many people though.

    • @TheSmdl
      @TheSmdl วันที่ผ่านมา +1

      Correct. The calculation did not account for the interest that add up and increased minimum payment each month. But it is still a good plan of action.

    • @ccap3211
      @ccap3211 16 ชั่วโมงที่ผ่านมา

      @@AjaDang all of my credit cards have had balance transfer offers. I have them on my chase cards, discover, Bank of America, and Citi. You can call them but I’ve always just logged into the apps and found the offers on there. There’s usually a fee but it waay less then what the interest would be.

  • @KishTalksCredit
    @KishTalksCredit วันที่ผ่านมา +1

    Great video! Thanks for sharing this method.

  • @SukiValens
    @SukiValens 4 วันที่ผ่านมา +2

    Great job breaking this down!

    • @AjaDang
      @AjaDang  2 วันที่ผ่านมา

      glad it was easy to understand!

  • @sso2183
    @sso2183 4 วันที่ผ่านมา

    I've always heard about the snowball method but i really enjoyed watching you break it down and help me visually see it!! Thanks Aja!!

    • @AjaDang
      @AjaDang  2 วันที่ผ่านมา

      it seems confusing until you see how it's broken down!

  • @ShyiaRobinson
    @ShyiaRobinson 4 วันที่ผ่านมา +3

    This visual really helps me a lot! 😅 but I do have a question. Wouldn’t it take longer once the interest charges are but back onto the account each month? That is one of the reasons I feel like what’s the point. I know the point but I’m just being dramatic 😂
    Edit: ok, I didn’t wait til the end bc you totally mentioned it. Haha thank you Aja! This is getting me excited to pay down my debt 🎉

  • @MichaelEvans-l1l
    @MichaelEvans-l1l 17 ชั่วโมงที่ผ่านมา

    Thanks for the analysis! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?

  • @TheBradpitt1004
    @TheBradpitt1004 วันที่ผ่านมา

    Where can I get that app from? I would like to put it on my IPad. Thank you

  • @BOO_b00D1
    @BOO_b00D1 6 ชั่วโมงที่ผ่านมา

    If this person is trying to pay off a $2,000 balance with an APR of 21% they will find it very hard to absolve their debt. After paying $230 the first month, she will have $400 added to her balance! What may be best for this young lady in this situation would be to Revise her budget and try to see if she can have $500 cap on what she puts towards her CC bill!! because by the 5th month, her balance with interest would be 3,035.31.

    • @BOO_b00D1
      @BOO_b00D1 6 ชั่วโมงที่ผ่านมา

      Not to denounce anything Aja has shared with you all. However, I would encourage you all to utilize your Credit cards wisely! Have better spending habits! Do not spend $600 on your credit card knowing you cannot pay off the balance at the end of the month!!! SAVE UP FOR THAT $600 item/trip/activity! Even if you have to save $50 a week to save up the $600, Id encourage you to do that. THEN charge your credit card so you have that usage for that month, but NOW you also have the money to pay it off at the end of the month because you saved!!! Best of luck to you all. xoxo

  • @Leo-bp5ns
    @Leo-bp5ns 5 วันที่ผ่านมา +3

    I was in a 15k credit card gamble dept.. and 33k gamble dept loan from my sister. It been one year and 8 months... the 15k credit card dept is now $6500 and the 33k is now 15k.. im getting out of dept by july,2025... i lose all my saving also total 85k to sport gamble. I make $41 an hr so i should be out of dept soon

    • @AjaDang
      @AjaDang  5 วันที่ผ่านมา +2

      congrats on getting your life/finances together!

    • @nizbet5707
      @nizbet5707 5 วันที่ผ่านมา +1

      What’s your profession? I’m want a career switch lol

  • @WorldsofAnne
    @WorldsofAnne 3 วันที่ผ่านมา +3

    Your calculation is not accurate; you are forgetting the interest charges. The payments you make do not go entirely toward the principal.

    • @AjaDang
      @AjaDang  2 วันที่ผ่านมา +1

      that's correct. I mention that in the beginning of this video - there are links in the description box to interest rate calculators if you'd like to be more precise with your debt.

  • @TheBradpitt1004
    @TheBradpitt1004 3 วันที่ผ่านมา

    Aka…girl! You just got a new subscriber!!! What app are you using?

  • @wellbeinginabundance5991
    @wellbeinginabundance5991 วันที่ผ่านมา

    But this does not account any INTEREST for the credit cards. I think this is a miscalculation since credit cards still have fees when you pay minimum amount (or not fully paid for that month).

  • @kadeeeartiaga
    @kadeeeartiaga 4 วันที่ผ่านมา

    Interesting

  • @Tashas_Travels
    @Tashas_Travels 12 ชั่วโมงที่ผ่านมา

    And if they pay the $600 instead of the $300 that she was using, this person will be debt free in less than 2yrs if they attack this thing.

  • @epuresoul
    @epuresoul 3 วันที่ผ่านมา

    ❤❤❤❤

  • @viviena90
    @viviena90 5 วันที่ผ่านมา +9

    Its really good to see you back! Would you consider restarting the monthly budget videos starting next year?
    Please please please🥹🥹🥹

    • @AjaDang
      @AjaDang  5 วันที่ผ่านมา +5

      I dunno girl. People get upset seeing my real numbers now. I don't want to discourage people by having "unattainable" budgets

    • @naomiguzman1429
      @naomiguzman1429 4 วันที่ผ่านมา

      They were so satisfying 😢

    • @naomiguzman1429
      @naomiguzman1429 4 วันที่ผ่านมา +3

      @@AjaDangi love how real you were regardless of how i couldnt relate 😓 or if you considered a vid guiding someone through their own monthly budget (?)

    • @natwilliams2215
      @natwilliams2215 4 วันที่ผ่านมา +2

      ​@AjaDang what is wrong with people?? Like we're all here bcs we liked watching you succeed?? Sorry you gotta deal with this 🙃

    • @KayKayBayForever
      @KayKayBayForever 4 วันที่ผ่านมา +2

      @AjaDang I totally understand not wanting to deal with all the negative comments. To be honest, I probably would have stopped doing it too if people were acting like that. But I just wanted to put in that I really enjoyed those videos. I’m really happy for the money you make now, and it was really cool to have the real numbers. It sucks that people get envious.