debt confession update | one year debt update | dave ramsey inspired | debt snowball method
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- เผยแพร่เมื่อ 1 ต.ค. 2024
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Currently at 35k in debt. 30k in student loans, which started at 70 and 5k in car loan which started at 25. I am determined to get this done in 2024. It will take serious effort but we are going to get it done, all of us!
Awesome Vada and Mr Simple! My husband and I started with $177k of debt (not including our house)🤯!! We started the Dave Ramsey snowball November 2022 and have paid 76k already and have 101k to go. We didn’t even realize our total until I totaled everything up to put in order for our snowball strategy. Started watching your channel several months ago and cash stuffing and feel like we are making such good progress!! Y’all are so inspiring, keep up the momentum, y’all will be debt free in no time!
What kind of debt does this include if not mortgage? Is it like credit card, student loan, car loan? Just trying to figure out what I should include in my own calculations.
@@EvesBookNook I included everything aside from our mortgage. Such as medical, credit cards, auto loan, personal loan, our HVAC, and our tractor. We don’t have student loans but those would be included if they’re there. Basically anything that requires a payment plan, even those pesky cell phones that add extra money to the monthly bill until they’re paid off.
We started this journey 2 months ago. I already have the passion that you have. I love hearing it in your voice. I get excited to pay on a bill so I can mark the progress on my tracker. My husband is finally getting it. He came home the other day and said "I saved .35/gallon on gas." I am 57 so I wish I started sooner but glad to be starting now. I think we have about 2+ years ahead of us but we ARE going to get there! Thank you for your videos.
After realizing we were paying 1300$ every month to debt payments, my husband and I decided we needed to get out butts in gear to get this paid off so we could afford to buy a house. Our rent is less than the amount we pay to debt and that was eye opening.
that’ll do it!!! sometimes a good kick in the pants is all you need!
You've done a tremendous job at paying down your debt. You're really a "debt" inspiration. As you know, taking a 401K loan rarely is a financially smart decision as you miss out on the compounding nature of your investments, etc. Really impressed, though, with your overall debt strategy!
thank you!
the 401k loan was an old mistake…we would never have done it if we’d known about the snowball method!
Congrats on your journey!
Doesn’t it feel great to have your car paid off free and clear?! I had bought a new car in 2020 and paid it off in 2021 (had Dave’s voice in my head because I felt he knew I wasn’t supposed to by new while in debt 🤣 so paid it aggressively) As of today it sits with less the 30k miles. The dealership sent an email and a letter to trade in my car for a new one and I just laughed. Completely not worth it to go back into debt with a car less than 30k in miles!
We’re doing Dave-ish but with the Avalanche Method and putting our home in our Avalanche payoff. I know it’s not what everyone does but I can’t stand being in debt - so our debt + the house has to go! With this method we’ll start our 40s debt free 🥳
Thanks for sharing your journey!
Way to go you two! I am also on my debt free journey. Had some set backs but I’m not giving up! Thank you for sharing with us it is definitely great motivation!!!
thank you 🖤🖤🖤
i know you’ll be able to achieve your goals this year- a setback is nothing compared to your determination!
You are amazing! SO inspiring! I have been watching since your very first video...subscribed that very day! I love your realness and honesty about everything. For your Q & A: I would love to hear your love story with Mr. Simple. I love how cute you are together. Thanks for being you!
Congratulations ❤❤🎉🎉that balance is amazing for 2024
thank you!!!!
PAUSE is a big word! You don’t have to stop forever, just until your debt is paid. ❤❤❤
So inspiring. Seriously, you should be incredibly proud of what you've accomplished this year. We paid off our debt about 8 years ago and it was life changing. We think about money, expenses, and investments in a completely different light now. However, the biggest challenge after you pay off your debt, is to stay out of debt. It's so easy and tempting to say "we deserve the fancy vacation or new car with the payment because we're debt free now." Don't do it. Don't fall into that rabbit hole. This isn't a temporary thing, it's a lifestyle change. Once you sit down and have the conversation "what is important to us? what are our long term goals?" It becomes easier to stick with it long term. We now both have two credit cards each and they are only used for traveling and emergencies and they are paid off at the end of each month. I have complete faith in your ability to be debt free at the end of 2024, look how far you've come already! 🙂
Thank you for such an inspiring video, and congratulations on your amazing progress. I found cash stuffing and Dave Ramsey snowball method in October 2022 and it has completely changed my life. I am working towards being debt free - hoping last payment to my personal loan will be October this year and then I have lots of plans to travel (saving for each trip as I go and not using my credit card 😁) There just seemed to be a light bulb moment that happened. I was just sick of paying all my wages to the credit card companies each month. Thank you again and good luck with your journey in 2024😊😊
This is super inspiring. My husband and I just started budgeting like this because we are in very similar situations. I can’t wait to look back on our videos to see how much we can pay off in a year. Thank you!
the year really will fly, i promise you. and when you’re watching your money like a hawk, you can get creative with it to help move the process along faster!
You all have down an amazing job this year! I love seeing how everyone’s adventure to debt free goes and it’s so encouraging to cheer for others while in the process of getting there myself!!
Preach it girl !!!!😂so happy you can and have learned sooo much ( yes lots of us have banned target from their radar) yes 1000 dollar emergency fund … yes paid off all debt … mortgage gone ( you can do this starting 2025 !!!!!! ) taught FPU x 2 … and you know we all make our way IF we are sick and tired of being RIPPED OFF …. ❤Glenda
congratulations 🎉..much needed video..thank you
Wow!!!!!! That is a huge achievement.
You are both an inspiration.
Credit card here I come 😂❤
Happy New Year xxx
thank you!!!
you can do it 🖤
YOUR RANT WAS EXACTLY WHAT I NEEDED. THANKS FOR THAT. I WAS TRYING TO FIND A WAY. TO EXPLAIN TO MY ADULT CHILDREN, THAT I GO HARD ON THEM BECAUSE IVE LEARNED FORM MY OWN FAILURES.
Haven’t watched the video yet but had to tell you that I saw a mug at hobby lobby that would have been perfect for your collection. It was so big and made my hands feel so small. It must have held close to 20 ounces. Almost had to buy it and send it to you lol.
You have to be so proud of your progress. Congratulations and good luck continuing in 2024!!
❤ we are just starting the snowball little nervous but just ordered your debt off etsy ... we are hoping to get lots done this year....
you can absolutely do this!!! just remember that little bits do add up to make a big difference!!
I can’t express to you and Mr Simple how much I needed this…you are such an inspiration..I too am the spendy one, especially for that small amount of happiness. Thank you from the bottom of my heart
i get you. i really do. and if this last year has taught me anything, it’s that the small amount of happiness that is so fleeting from a purchase is nothing compared to the peace of mind of financial freedom…and being able to dream bigger than you’d thought before 🖤
Vada!!!! What a huge chunk of money to pay off!!! you’ll be debt free in no time!!!!!
Thank you for sharing your journey with us! I have been very inspired by your videos and love the transparency and realism you bring to your channel. You inspired us to organize our finances and we finished paying our consumer debt this past December- working on not letting the good habits go to waste in 2024. Love the channel and looking forward to a new year!
You’re so right my husband and I work as a team. It wouldn’t have work if we didn’t do it together. Our relationship is stronger
it really helps to be on the same track- you can’t move forward with someone holding your progress back
Perfect timing. I need a little inspiration. I'm only about two months in to my debt journey and made some progress but I have a ton to pay off in 2024
Wow! I need to write that speech down and read it every day. I am relatively young, only 21, and my biggest goal in life is to be financially free, so that I can do what I want and not have to sacrifice my financial wellness for it. I want to retire early. I want to own a house. And I want to go on adventures all around the world. I am very thankful to have found the budgeting community so young. Finances are sometimes complicated and annoying and stressful to deal with so I don't think I would have been able to manage it using the sad excuse for a system I was using before. Now I feel so much better about my finances, and I feel like I have found a lot of success in using budgeting and debt methods. I believe it should be taught to everyone either in high school or something else because it is such a valuable skill to have and not something that is talked about enough.
Yes, Target is crazy. I went for 2 things and ended up spending 400 whyyyyyyy. I had buyers remorse after that😢. I'm working on it, and I know God will help me❤
Thank you for your video!
keep it up, I've been following Dave for 25 plus years. Bought my house in 2021 and paid it off this April. It's wonderful having no payment and can save 70% of my income and only live off 30% of my income.
Currently about 27K in debt and working on it. It never occurred to me to reduce my 401K contribution until I get out from under this. Thank you for that! New subscriber :)
Thank you! I am just starting out with $131k in debt without a home. I am just disgusted with myself and just completed a budget and cut up every card I own. I am following the baby steps method and need to figure out how to pause my retirement payments (federal employee here too). I have been dabbling into designing savings challenges to sell on Etsy but have no idea how to start. I feel like I am standing up at spendaholics anonymous and saying hi my name is Angele and I have a problem.
i have a husband wuth a red flag.... i worked in 2023 by my own .succeded paying 36 extra mortgage payments... happy with this... hope to make the same this year...
TO ADD: Because I drank the cool aid we were able to pay off $146,000 in 26 months which included our mortgage. We have been debt free for almost 4 years. My dream was never to have the biggest house that I “could afford” though I was encouraged as you were. I love Hondas so no big fancy cars. Since finding Dave Ramsey I have become a Minimalist & I, too love clothe
s but realized I don’t need two closets full. My dream, our dream was to travel the world on land and sea. I love cruising. We just returned from a month long cruise from the Middle East to Cape Town, South Africa. All paid for in cash. This is because our money belongs to us, not to debt.
Amén 🙏 New subscriber . Happy to find you channel. Your journey truly motivational ❤I am ready to be aggressive with my debt journey. ❤May God continue blessing your family
We have been married for 55 years. The debt we had when we were first married was our mortgage. It was a 25 year mortgage which we paid off in 12 years. We still live in this same house which is nice and has been maintained over the years. We of course are retired at this time but we both worked full time jobs and was never unemployed., except 4 years for me when I had kids. We had car loans over our earning years but never credit card debt. We paid off car loans ahead of time also. We used a credit card but we always paid it off in full each month. We never paid a drop of interest. Like you said both my husband and I were on the same page which made us successful.
this is a wonderful story 🥰
i think you’ve shown the ways where debt can be minimal and acceptable when you’re both determined to eliminate it.
Word of caution on 401k loans - they become instantly due if you leave the original employer. So depending on the stability of the company, your plans for the future (new job for better pay or moving for lower cost of living), the immediacy of paying this loan may be different. In taking a 401k loan - you also authorize the ability to withdraw from the 401k balance to pay the loan - including triggering early withdrawal penalties.
Awesome job! You guys went ham and that is so great! I'm glad you're a team! I started my journey September 2022 and was making decent progress. I was in survival mode when I had emergency eye surgery in July and picked up on the debt focus again this recent September. I just paid off a debt and it felt so great!
I started the Dave Ramsey process in 2017. I have paid off $154k in student loans, and about $40k in credit card debt. The only debt I have left is my house and my car. My car was a necessity because I commute 100 miles a day, but I got a 0.09% interest on a 3 year loan and I made an extra payment before the first payment was due and pay extra every month. It will be paid off in 2 years and I will only pay $20. In interest, and one credit card. However I use that card for auto pay on all of my monthly bills and pay it off monthly.
I am currently working on paying off my debt. You and your family are such an inspiration on my journey. Thanks for your time to make the debt confession videos, such a great inspiration.
Yup, seing the size of interest payments was what made me mad enough to not have consumer debt. Now I’m lamenting savings interets not being increasing at the same rate as debt interest in my country.
But think how much less you will pay in interest in 2024! Well done, you 🎉🎉🎉
The one thing I don't agree with Dave is on 401k. Should try avoiding not contributing to it. Factors to look at are do employer match and how long. 401k should be looked at last if you want to reduce or do no contribution for any length. Would be to easy to not go back to contributions to it, if you're not careful.
I am set to pay off my credit card balance before the end of May. After that we will only have my student loans left besides our home. However between now and then I’m expecting my income to drop by the same amount as my card payment so I will have to simply wait and see how quickly I can tackle those loan payments.
Vida, congratulations 👏👏I’m so proud of you and your husband. What a journey, you have inspired me!!!
This is so amazing Vada! I'm really impressed with how far you have come in this year. It's really an amazing start of 2024!
We're debt free (except for mortgage) as of December 2023. We used a mixed approach, it's called the tsunami approach where you tackle the one with the most emotional impact. In our case it then switched a bit between snowball and avalanche debts, total difference on interest payment in total was 500. So not the most mathematical logical thing to do, but we felt best doing it that way.
I am in the same boat you were in last year ( my 2nd time around). I’m happy to hear that a mind can be changed.
I am so glad you drank the cool aid & had the total mindset shift. That’s what happened to me. Great job. You will be debt free by the end of the year.
Amazing video and update. I started my journey April 2023 with $21,000 in debt. I was able to use the snowball method and saving challenges to pay it off at the end of November ❤. You have a new subscriber & I cannot wait to follow your family in this journey to being debt free.
that’s WONDERFUL!!!! thank you so much for sharing- what an inspiration!
Well said. A wise person does not get wisdom by having had a perfect life, in my opinion.
Hi Veda, Happy New Year! You guy's are awesome, you have done an amazing job in paying down the debt! You can learn so much about yourself going through this debt free journey, how you have to make changes along the way. Thanks for sharing this, you have and continue to be, helpful to me as I'm still quite new to this. Have to say I'm really shocked at how much you can save with this method! Have a great week, love the owl mug. 💰💸☕💖
thank you thank you my lovely lucinda 🖤🖤🖤🖤
i appreciate you and your kindness always.
@@thesimplebudget 💖
So so inspiring. Thank you for sharing
Okay this i have to say that mug is really awesome 🤩🤣
My car note is insane. I am not sure how to get out of the car payment just frustrated ugh.
Ideas for Q&A 1. Where do you go for your holiday, do you usually stay in the US? 2. Would you consider doing another YT channel ie cooking (or what you enjoy) as this channel has become popular as your voice and personality are so lovely? 3. Is there one item or thing you just refuse to give up? 4. What part of you old budget has gone? 5. Do they teach budgeting or financial lessons at college in the US? Veda, I hope these questions are not inappropriate!! Only answer what your comfortable with. x
love these questions, lucinda!!!! thank you for being so lovely, always….
i’ve added them to my list!
I do think people should be given more information about the true cost of a 401k loan before they can apply. The loss of employer contributions, the loss of employee contributions, and the long-term missing compounding can make these one of the most expensive ways to access funds. I think the conveyed message from the providers of "the 1.5% interest just goes back to you" is really misleading.
definitely- we’ll have missed out on so much- and it doesn’t solve the heart of the issue either- i’ve learned much more in this last year of paying it off slowly than i did after we took that loan.
I have loved watching your videos. And we are definitely struggling. Also, I have always thought you reminded me of Kathrine Heigl. I love her. And again thank you for sharing your journey.
i’m sorry you’re struggling- it really is a trudge sometimes…and can feel so fruitless. just keep pushing 🖤
and thank you for watching
I enjoyed watching you this year. I'm so happy for you and the accomplishments that you have made. I have a question for you or I guess a suggestion for you to research for your medical condition. I'm a pharmacy technician at a compounding pharmacy. We are not licensed in the state of Texas so I'm not selling anything either. If you're interested and know how to reach out in a private message then you please do. Otherwise you can just ignore me. I know how bothersome people are with offering medical advice. It's why I haven't reached out until now.
i appreciate that very much, but i actually am able to keep all of my autoimmunity away by eating the carnivore diet. i’ve been on enough meds over the years to support the pharmaceutical industry for a century to come 😆
i’m much happier this way :)
My question is for Mr simple. What are you saving all that personal spending money for? Do you something in mind for it, like giving it to your wife once you’re debt free? 😂😂
noted!!!!! 🖤
I hope my children will learn from my money mistakes and more importantly from me fixing my HUGE mistakes.
same same sameeeee
I did not know that if you have a high amount of debt you could still qualify for a home. Great video thanks for sharing.
i think it’s because the home we purchased was so below our means. that’s the only thing i can think of!
You are doing awesome! I can’t wait to see the progress for this new year. 💖
Vada, I went to your Etsy shop but didn't see where or how I could get 25% off. Please advise. Thanks.
it’ll just come off in your cart!
I am new a budgeting with a new channel too and am very inspired by your success! Keep going! I am right behind 😅 subscribed
awww thank you!!! and welcome!! 🤗
I am at the point of the video you talk about the partnership with your husband and doing this together and the question on “how I get my partner to do this” but can did he say/do to you to do this (you said you were the one spending the most)? Or what got you “scared” of the debt? Just found your channel now so I am not sure if this was already mentioned elsewhere or further in the video. Congratulations!
it was honestly a combination of both. he had a bit of a “come to jesus” with me- and the number was frightening, so that motivated me to get my butt in gear!
Maybe increase your emergency fund and not use cc as a crutch. "Are you Davish". buying a house during debt is strongly said to avoid the house becoming a nightmare. I think that if we are going to practice his principles- its all or nothing.
we’re not increasing our emergency fund because all of our spare cash goes toward our debt. we bought a house before we’d started this method, so we’re dealing with the circumstances in which we live.
it doesn’t have to be all or nothing- we’ve had great success implementing the heart of his message. 🤷🏼♀️
Wow, the rate you are going and the intensity is amazing. You should be debt free in a few months 🎉😊
that’s the hope 🤞🏻
thank you!
This video made me realize i wanted to pay of my studentloans asap. So i have yet to start but i can pay off those debts in about 4 years, probably less!!
that’s WONDERFUL!!!!
you can do it!!!! consistency is the key here. and learning to say no to yourself (if you’re me 😆)
CONGRATULATIONS. I have been watching on another account since… end of Feb early March last year. Lost track partway through the fall but EEEE I AM SO SO EXCITED FOR YOU. I am down $25k since Jan 2022 and love see other people do this!!
Veda, I am so proud of all you and your husband have accomplished in your 2023 journey toward financial freedom! Going from almost $60K to $23K means you've paid off nearly 2/3 of your debt! Holy Moly! I am impressed, inspired, and reminded of the importance of living below my means. God help me. I'm going to write to you. I hope you will take the time to write me back.
thank you so much valerie!!!
we’re really proud of what we’ve achieved and i think we were even a little surprised when we saw the numbers!
i will absolutely write back!!
@@thesimplebudget Thanks in advance!
This is truly amazing. You keep me going girl! For your 401K do they let you pay more towards if you wanted to? I thought you had to pay in full?! Regardless huge improvement and you’re paying yourself back! ❤
they do! once we pay off the credit card, we’ll be able to move our snowball over to the 401k loan. it doesn’t have to be paid in full! it was a 20k loan we took from it initially- we’d never have been able to pay that in full! 😆
I can't believe we have already known each other for a year!! V this is amazing progress!!! Love this for you and hubby and totally here for it! I literally bought a $10,000 car, and only had a car payment of $150. The idea of people paying anywhere close to $500-$1,000 a month for a car payment, is BEYOND me!! My goal is just to pay down CC debt and not worry about student loans for a while besides minimum to add to Roth IRA, because of the same kind of concept. However, the average interest on Roth IRA is higher than Student Loans. A 10% interest is insane! Like jealousy insane lol. Really shows you how much interest matters berceuse at my $23,000 at over 26%, my minimum was $500!!! Looking at paying off the rest of my credit card debt this year and then starting in on a Roth IRA over here! Love ya bunches girl!!!
Once you learn better you do better.. Pass it on❤ that’s what my my mom always said😊
🖤🖤🖤
I don't know how you do your grocery shopping at Target - because that would be a huge temptation for me and by the end of shopping I would have justified a purchase. I can't have the temptation. I basically shop at clubs (BJs for me and only going to the aisles I need), Aldi, local ranches/processors for meat, and Dollar General. I can't be tempted in Target or Walmart.
My husband (31) and I (30) are debt free since July 2020. Became debt free during shutdowns and with hours cut a few months before our first son was born in November 2020. We now have 2 precious boys 3 & 1 yrs old & are in BS4, but also saving a down payment to buy land/house. Keep at it you can do it and have made great progress! Dave’s baby steps work!
My husband and I are completely debt free. I watch budgeting videos to encourage others to be debt free. I found Dave Ramsey after becoming debt free and having a good chunk of money in our retirement accounts. I basically did Dave ish without knowing. All motivation was from realizing we couldn’t pay our bills when there were too many minimum payments having to go out each month. Then 4 years ago the motivation was to be able to retire and not have a $2300 house payment pulling from our hard earned savings. So how do I feel? Relived! We live on just the amount I have budgeted albeit inflation is creeping in. For information: Target, and Walmart still are still great challenges.
Congratulations!! We did Dave Ramsey and are starting our investment journey now. We are debt free including our home. 🏠 it was hard hard work but totally worth it. 😊 now I just use my credit cards once in awhile and pay off right away to keep them open. One bank closed my hubs card because he was not using it and it hit his credit report. Great job guys!!!😊
i love love love this story! what an inspiration you are to all of us!!! 🖤🖤🖤
36:15 - This part really hit home for me! I’m really trying my hardest to tackle my CC debt, and it’s so frustrating to think that I’ve racked up a little amount of debt simply because I couldn’t control my shopping addiction. Now, I’m trying my hardest to pay my CC debt off because the money I’m using for that could be funding my vacations for this year. 😮
I FEEL YOU!!!!! when i look at the work we put in to pay this debt down vs. what we COULD have been funding, i get mad. live, learn, and NEVER repeat.
@@thesimplebudget YASSS! That’s so true. I’m so annoyed because I’m having to bust my ass even harder just to do the things I want to do. I had taken the time to save and prioritize what matters the most, I wouldn’t have to be working a second job. But I do understand that pressure makes diamonds, so here I go. 😩
I have no debts outside of mortgage. I was able to make one extra payment through the year. It's at about $55,000. I haven't calculated how long it'll take to pay it off. I've made an extra payment each year since the beginning of it about 12 years ago, by paying biweekly.
I love listening to and watching you. You're so down to earth and genuinely yourself that it's a delight to find your videos!
Congratulations and best wishes for the coming year!
Nice video! Congratulations on paying off that much in debt. Sounds like ypu will be out of credit card debt in 2024
Hey showing love ❤️
Hi Vada! Long time member of the crew. Great job on kicking your debt to the curb! I love your budget planner. I just started my you tube channel and I will be sending viewers your way for the awesome budget planner. I am in the process of filming my budget planner overview where I will show how I use many sheets of your planner. I’m not very tech savvy , so it is kinda slow go on the editing and filming ins and outs. Happy new year!
Hi did the 401k loan go toward debt repayment?
a few years ago we took a loan out to pay off debt…and then got back into debt
Congratulations Vada! Your thoughts and explanations are so true. I so wish more people would follow what you’ve said. You’re doing great. You’ll be debt free well before 2025. Dave Ramsey has the best advice. You need to consciously change your mindset and pour every penny into your debt. It amazes me how long people want to prolong their debt just to “still live my life the way I want”. Pay it off as fast as humanly possible. Who wants to pay more in interest?!
I feel those who have made the mistake are the best people to get advise from because they've been there, they learnt the lesson
i’m of the same mindset- if they conquered and overcame, i want to know from them how they did it!
You are so right! Those who have faltered are probably the ones that should be giving advice lol 😊
I don’t know you personally, but I am so proud of what you’ve done with your finances and your channel. You are reaching so many people!!!!
As of August 2024 I will pay off a personal loan I have had for the last 3 years. I still have about $60,000 left in student loans I will tackle next. I am a teacher and I will get forgiveness for the balance after I have paid 40 more payments!!! 😁
Look forward to to watching the rest of your journey through your videos!!
Happy New Year!!🥳
although the set up is cute, could you zoom in a bit more next time?😊
I will try!
Yes girl. Love your fire! Earned a follow from me!🎉
awww thank you! we’re amped :)
great video and inspiring
Vada…. You are such an inspiration. I am the spender and those cards are my friends. I know I need to stop and I have cut up them all! You and Mr Simple give me the fire to get busy with budgeting and paying off my debt. Not even sure where I stand on debt.
Congrats on an amazing 2023 and a great start to 2024
That’s awesome.! Great job.! 😊🙌🏻
thank you!!!
You are so right 100%
Thanks for your information!! we are paying debt down through the baby steps now also!!
That’s awesome the amount that has been paid off. I paid off $5,000 of debt last month and it feels so good.
Congratulations! What an amazing progress this past year. You can now count down the months till you are debt free and start on those next steps. I am sure this will be sooner rather than later. On a side note 🤩 I kept being distracted by the new ring you are wearing. It is stunning! Was it a Christmas gift?
Awesome job!!! That’s a great payoff for the year. I was able to pay off my student loans and my car in 2023!!! It’s a great feeling. 2024 is my year to pay off my credit cards, both are 0% at the time, then I will be debt free!!! I also did not follow DR exactly. I paid student loans first because they were 0% so it just made sense. Then I tackled my car because it was the biggest payment monthly, the $1000 payment is crazy… I would never buy a car if that was the case!!! Now my credit cards… we got this! 🙌🏼💜
this is SO inspiring!!!! i think your plan was fantastic- taking advantage of that 0% was the best move. and kudos to you for following through!!!!
Congratulations! I’ve been watching your channel for almost all of it and have to say - that year flew by. Thanks for sharing!
Good video update!!
Totally feel all of this!!! It’s so hard to retrain yourself. I constantly sit and wonder what I could’ve gotten with that extra hundred dollars I just paid to debt. Etc. then I get angry at myself. Then proud. It’s a ton of mental work. I think the hardest part is mental 😂
Congrats on the debt pay down!! 2023 was my first year truly facing all my debt and focusing on paying it down. I managed to pay off about a third of my debt and it feels AMAZING to have made so much progress despite still having a long way to go.
WOOO! I was so psyched for this video to drop! (And you know me too well - Howard caught my eye almost immediately, lol)
Over $1,000 for average monthly car payments?! Jeez... I'd sooner get a hoopty off of Craigslist/FB Marketplace. 🤣 It's so gross how much interest we're paying on debts - you're totally right, that could've gone towards vacations, Christmas, fun events, and so on. Just more incentive to get those debts cleared off the ledger ASAP.
Love how far you guys have gotten on your journey so far! You're such an inspiration; I appreciate you and your content and am excited for what 2024 has in store for all of us.
It also wouldn't be a TSB video without a cameo from Mr. Simple (and his loud socks). 😂 I've been able to pay off a number of smaller debts, convert a high-interest credit card debt to a lower-interest personal loan that is ALMOST under $10k, and I should be on track to achieve my slogan-y goal of "debt-free by 33." I'm looking forward to knocking out another two debts by June of this year - then I can really focus on tackling the larger student and personal loan debts!
I'm so looking forward to the Q&A!