Debt Update! So...... I did something

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  • เผยแพร่เมื่อ 16 ก.ย. 2024
  • I have been having trouble for the last year with day to day surviving on my previous budget. The only videos I have up are for a magic month, but when I only receive 2 paychecks a month, it is rough. Super rough and frustrating. I have sort of a solution to the short-term issue.
    #debt #debtfreejourney #debtproblems #debtupdate

ความคิดเห็น • 31

  • @missfroggie909
    @missfroggie909 ปีที่แล้ว

    Great Job, I love seeing those zeros !!

  • @anniec6420
    @anniec6420 ปีที่แล้ว +2

    my god the interest % on that consolidation loan...im worried for you big time

    • @Alternative_Stat
      @Alternative_Stat  ปีที่แล้ว

      Yes, it is a lot of interest, but in the short term was better. I'm trying to make it a short term solution. Hopefully get it paid off way sooner.

  • @JessH2024
    @JessH2024 ปีที่แล้ว +1

    Sometimes consolidation is the best option. You didn’t have survival money let alone snowball money. At least now you can breathe eat and maybe make progress.

    • @Alternative_Stat
      @Alternative_Stat  ปีที่แล้ว

      Yeah, it really helps when your able to create that breathing room.

  • @budget_with_chuckles
    @budget_with_chuckles ปีที่แล้ว

    Lovely video

  • @terryhenderson424
    @terryhenderson424 ปีที่แล้ว

    I understand why you did the consolidation loan.

  • @miguelbudgets
    @miguelbudgets ปีที่แล้ว +3

    Great thinking on that consolidation! As long as no additional debt is added, you’ll be able to knock out the debt smoothly

  • @CashBearMama
    @CashBearMama ปีที่แล้ว +1

    New Subbie ❤❤ I love that you’re doing the notebooks. I’m paying off debt also. I’ll be watching your journey. ❤❤❤

  • @boatsie
    @boatsie ปีที่แล้ว

    Isn’t Cricket phone service? And you also have AT&T for phones? Also, with consolidation, consider cutting up the cards to take away the temptation to use them. I admire your courage to laying your debts on the table and wish you luck to building a secure financial future.

    • @Alternative_Stat
      @Alternative_Stat  ปีที่แล้ว

      Yes, there is no Mint service here. The ATT phones are mine and my partners. The Cricket phone is my sister's. The reason I pay her bill is a long story, but I do it for my nephew, so his doctors always have the same number to contact.

  • @budgetwithmimi1812
    @budgetwithmimi1812 ปีที่แล้ว +1

    Sounds like you made a good decision for your debt free journey

  • @BudgetsWithELMA
    @BudgetsWithELMA ปีที่แล้ว

    New subbie here!

  • @Mommywiththemoney
    @Mommywiththemoney ปีที่แล้ว

    Consolidation is a solid option when stuck like that. Look forward to following your journey.

    • @Alternative_Stat
      @Alternative_Stat  ปีที่แล้ว

      Thank you. It wasn't something I wanted to do, but I clearly needed to do it.

  • @debrasjourney
    @debrasjourney ปีที่แล้ว

    Hello new subbie. I am glad to find your channel and I am also a budgeter and paying off debt. Looking forward to connecting and following your journey.

    • @Alternative_Stat
      @Alternative_Stat  ปีที่แล้ว

      Thank you! I will check out your journey as well.

  • @silynthiabudgets18
    @silynthiabudgets18 ปีที่แล้ว

    Consolidation is a helpful option 😊

    • @Alternative_Stat
      @Alternative_Stat  ปีที่แล้ว

      Yes, especially when your struggling with the monthly minimums.

  • @JennilynESS
    @JennilynESS ปีที่แล้ว

    You have to do what is best for you..that interest is unreal what they charge..

    • @Alternative_Stat
      @Alternative_Stat  ปีที่แล้ว +1

      Yes the interest is outrageous on loans, and I have a good credit score, I just don't understand how the interest can be that much.

  • @DaltonsFriendswood
    @DaltonsFriendswood ปีที่แล้ว

    This will help. Wondering if you’re exploring ways to get your income up - I think that is the main issue. What about selling some of these extra vehicles or a second job online for a while to pay the debt down? When student loan payments start back up it’s going to wipe out the difference the consolidation loan made on your monthly minimums. I’m worried. ❤

    • @Alternative_Stat
      @Alternative_Stat  ปีที่แล้ว +1

      I would love to get a second job. I do sell stuff online, I haven't made as much as I did last year, but it's that way sometimes. I would love a second job, but most places aren't understanding of people with mobility issues or the possibility of an issue. I understand, they need someone dependable. I am dedicated to my jobs, but sometimes my autoimmune disorder just won't let me do things I want to do. I have looked at some online stuff, but most of them really don't look legit or I need some insane specs my computer doesn't have. Fortunately, my student loan payments will only be $25, which is still a strain on the budget, but not as bad as it could be.

  • @angbudgetanddebt
    @angbudgetanddebt ปีที่แล้ว

    Hello! New subscriber! Debt consolidation loans can be effective as long as you don’t continue to add to the debt. You can do this!

    • @Alternative_Stat
      @Alternative_Stat  ปีที่แล้ว +1

      Thank you for the support. It's easy to get into debt, but difficult to get out of.

  • @kystysnyder207
    @kystysnyder207 ปีที่แล้ว

    What state do you live in?