Debt Confession | $147,000 in Debt | The Beginning of my Debt Journey

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In this video I go over my types of debt, debt balances, interest rates, and minimum monthly payments at the start of my debt payoff journey. The $147,000 does not include any mortgage debt. #debt #debtfreejourney #debtfreecommunity #budgeting #budget #debtpayoff #debtconfession #debtfree #debtsnowball #debtavalanche #budgetcommunity

Опубликовано:

11 янв 2024

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Комментарии : 52

@kimbucha2949 5 месяцев назад

When my husband was getting his masters, we racked up the CC debt to the tune of 50K. It took us 5 years of bouncing the balances from zero interest offers till we paid it all off. Those were the dark years, lol. Proud to say that we are totally debt free now (including the mortgage) and I'm still budgeting! It's hard work and sacrifice but so worth it. Keep going!

@coffeeandcocktails1356 5 месяцев назад

Congratulations on being debt free! That is amazing! 💕 It's so nice to hear that there is light on the other side of the tunnel! Thank you for your encouragement! 💕

@rangert1194 5 месяцев назад

I remember that feeling of constant stress when i was at my worst debt "shudder" . Im not debt-free, but i am in a better place

@coffeeandcocktails1356 5 месяцев назад

I'm so happy to hear that things have gotten better. I can't wait to be debt free and have that burden completely gone💜

@sewmeonekenobi639 4 месяца назад

I came to my senses in Sept., but it wasn’t until Oct. that I was able to pay off my first card. It only gave me $67 to snowball into the next one, but it motivated me to put even more towards the next card. You’re doing great.

@coffeeandcocktails1356 4 месяца назад

Thank you! That’s great progress! Each snowball amount really adds up! 🩷

@mythreesons000 5 месяцев назад

i just started budgeting this past October 2023 i am trying very hard to stop spending money on what ever i want ... thanks for sharing your story with us

@coffeeandcocktails1356 5 месяцев назад

That's great! I found it has taken me awhile to reign in my spending but it's so worth it. I try to remind myself that once I get in a better place financially I can buy much more of the things I want. You got this!💜

@RobinTaylorMusic 5 месяцев назад

I know this is really hard to share. You got this - there is light at the end of the tunnel!

@coffeeandcocktails1356 5 месяцев назад

Thank you so much! I'm so ready for it to be done💜

@moneywithjustliving5258 5 месяцев назад

New Subscriber here. I just found your channel. Listening to your confession I hope hits home for many who feel like they are drowning in debt. There is hope, one payment at a time. I will be following your journey.

@coffeeandcocktails1356 5 месяцев назад

Thanks for subscribing! I hope anyone who sees this and feels like they are drowning just knows they are not alone and it is truly possible to consistently make small steps that add up big 🩷

@BudgetsWithELMA 5 месяцев назад

Congrats making your decision & I am proud of You! I know it is not easy to share our debt but it's the beginning of everything to tackle it, great debt confession video 👍

@coffeeandcocktails1356 5 месяцев назад

Thank you so much! It is so hard to pay off debt but in the end I know it will be worth it 🩷

@0wlyssa 4 месяца назад

It's overwhelming to see it all laid out, and the act of writing it all down really cements the situation. I know how crazy and impossible it feels, but I know you can do it! One suggestion that I personally took advantage of: I had a very high-balance, high-interest CC debt that I was able to transfer to a lower-interest personal loan through my local credit union. Not having to pay hundreds of dollars extra just to take care of the interest and attack the principle was a HUGE game changer. Sending you good vibes, just keep on keeping on! xx

@coffeeandcocktails1356 4 месяца назад

Thank you so much for your feedback! Seeing it all written out is the hardest thing, it definitely made me face the situation I got myself into. I can't wait until its all gone and I will never get myself back into debt again.💕

@Sitasbudgetingjourney 5 месяцев назад

New sub here. I remember doing the same with my credit cards when it came to taking cash advances. I am so grateful to be in a much better place now. Budgeting has been a game changer for me❤

@coffeeandcocktails1356 5 месяцев назад

Thank you for subbing and sharing! I know if I had never started budgeting I would be still doing the same credit card advance dance. I am a total advocate for budgeting now💜

@MoneyMadeMagic 4 месяца назад

Well done for looking at it. It's so hard. I'm doing mine.. im only 15k but it feels big to me. I'm also doing debt snowball.. Good luck to you .. we got this!! 🎉❤

@coffeeandcocktails1356 4 месяца назад

It is so hard but it will be totally worth it! Good luck to you too! Let me know how it goes!💜

@Budgetingtothebank 5 месяцев назад

I’m on a debt free journey also good luck

@coffeeandcocktails1356 5 месяцев назад

Thank you! Good luck to you too! Let me know how its going! 💜

@npbudgetstoperfection Месяц назад

New subbie here🎉 don’t beat yourself up.. you’re getting out of it so be proud of yourself!🎉

@coffeeandcocktails1356 Месяц назад

Thank you so much! Happy to have you here! 💕

@FaithBudgets 5 месяцев назад

New subscriber 🎉 great video! I am looking forward to an awesome year of taking control of our finances ❤

@coffeeandcocktails1356 5 месяцев назад

Thanks for subscribing! This year is going to be amazing! We got this! 🩷

@VintageStereoCollector 5 месяцев назад

A lot of people in U.S. In big debts that’s Scary

@coffeeandcocktails1356 5 месяцев назад

It's true, it's pretty common in the US to have big debt. I am trying very hard to pay it off.

@aurasphere87 4 месяца назад

Congratulations on your progress. You are GREAT for paying off debt. I worked two full time jobs for 3 monnths and donated plasma to pay off all of my debt. You deserve all the good feelings for accomplishing this! Now i coach my friends and family who are willing to listen.

@coffeeandcocktails1356 4 месяца назад

Thank you so much! Wow, 2 full time jobs! That is amazing! Congratulations! I'm hoping I can get rid of this debt in the next few months!💕

@raccooneyes2099 5 месяцев назад

watching dave ramsey's channel is very inspirational. listening to callers explain their situations makes you feel like you're not alone. his advice, techniques and tough love is what we all need. remember "the borrower is slave to the lender". staying in debt is the elites' plan to keep us enslaved, stressed and broke.

@coffeeandcocktails1356 5 месяцев назад

I totally agree. Watching his videos is what made me start to pay attention to my debt and want to pay it off. I can't wait to get to the point of BS7 and be able to live debt free and generously.

@ceci_gee 5 месяцев назад

New subbed here! Thank you for sharing!

@coffeeandcocktails1356 5 месяцев назад

Thanks for subbing!

@TrappedQue 4 месяца назад

You can find your interest rate in your cc statement.

@karolmackenzie 5 месяцев назад

Good Morning!!! Great video. I'm new to your channel.

@coffeeandcocktails1356 5 месяцев назад

Thanks for watching!

@MrandMrsHBudgets 3 месяца назад

New subbie ❤🎉 really enjoyed ur video.

@coffeeandcocktails1356 2 месяца назад

Thank you so much! So happy to have you here! 💕

@stephaniehall8179 25 дней назад

Thanks for sharing. I don’t think I’ve ever seen that many student loans for one person😂 College loans is such a racket.

@coffeeandcocktails1356 15 дней назад

So true! I can't wait until I can pay them all off. I hope to never have anything so bad ever again.

@juliesbudgetsdividends 5 месяцев назад

New subbie 😊

@coffeeandcocktails1356 5 месяцев назад

Thanks for subbing! 🩷

@LakiBonbons 4 месяца назад

Привет из России 😊 у вас все получится 😊

@AFBudgets 5 месяцев назад

You will have to use your card once a yr or they will close it

@tmusa2002 5 месяцев назад

I have not experienced this.

@coffeeandcocktails1356 5 месяцев назад

That may be true for some credit cards, but in my experience it takes a few years of non-use before they close it. They will also send out a reminder email or letter prior to closing it

@melissaw33 4 месяца назад

It happened to me and my husband. I guess it depends on the company

@nursediva128 2 месяца назад

Yes I have experienced this also with store cards from small businesses such as an appliance store, and a small home improvement store. A real shocker was when I hadn’t used Home Depot for over a year and went to use it and it was cancelled for non-activity😳and I don’t remember getting any advance notice. After a little while I started getting frequent offers for a Home Depot credit card🤪🧐

@coffeeandcocktails1356 2 месяца назад

@@nursediva128 Ohh okay, that is interesting! I'm surprised they don't notify people. 🧐 That's a bummer

@VintageStereoCollector 5 месяцев назад

You have a lot of debt mam and it’s big amount too,Get rid of that get out from debt

@sewmeonekenobi639 4 месяца назад

She is getting out of debt, that’s the point of the video. Besides, it’s not that much, and she’s already paid a bunch off. You should have paid closer attention before leaving a comment.