Debt Confession| Is there light at the end of this?  

I just stumbled across this video. You mentioned Dave Ramsey while filling in the debt amounts. He recommends paying the IRS first then smallest amount to highest amount and then snowballing. I think for you you should definitely do the debt snowball. You're dying by death from a thousand mosquitoes. You can hear the stress in your voice. I really think you need the psychological win of paying stuff off. You got this!

I don’t think it matters what you tackle first. Your minimum payments on those little credit cards aren’t going to matter much on those biweekly loans. If I were you I’d knock out that 138% interest first. I’m not saying this to make you feel bad but that is absolutely predatory against people with bad credit. I’d absolutely close the affirm account too. Those types of financing companies thrive off people who have no self control. The good thing is that you’ve done the hard part and looked at everything. Now to cut out all the fun and extras, get a second job and start grinding. I’m rooting for 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 👍

It’s hard looking at debt. Congratulations on getting started. 🎉 You got this!!!

It is a lot of debt, a lot of accounts, and a lot of minimums. On the other side, a number if the balances are lower than many people's which means the start will be tough but clearing out accounts should be easier in the first year or so.

So happy am catching you at the beginning of your journey. Congrats on taking that step of sharing your story with the world. You got this 💪🏽

New subscriber here! I saw you post on Budget with Mrs P. Thank you for being vulnerable and sharing this! Please know you are not alone. We are all here cheering you on! (I still haven’t shared my debt confession yet, my hubby and I know, I just know if I’m ready to share with the world yet.) I can’t wait to follow your journey!

New subscriber... I saw your comment on my video and decided to check out your channel. As soon as I started watching this video, it reminded me of our budget/debt a year ago. It felt like a hole we couldn't dig out of.... but we did. It took a lot of trial and error, hard work, sacrifices, and staying on course... We still have a lot of debt, but it's so much better than it was. Plus as we paid off all of those "smaller" debts, we started increasing our credit scores to apply for lower interest cards and zero interest cards to transfer balances. Hang in there.... it's a long journey, but SO worth it. You will forever change the path for your children!

You are doing great. Keep up, one small step at a time.

Hi hun! I just stumbled across your video! Hang in there! Baby steps we are in your corner pulling for you! You got this!

You are definitely an inspiration for me. I am just getting started with budgeting as I have not done well with my finances. Now I have to figure up my total debt and I live on a disability check. I tried the ticket to work program but I was not physically or mentally able to work. I will be saving all I can

New subscriber. Its hard to share this and get started but you've got this!

I’m praying for you my friend. Debt is awful. Just subscribed ❤

I’m in on the journey. Trying to figure out …where and how to allocate money so there is actual progression! Prayers and hope for you on your journey! 😊

This is unconventional, but in your position, I'd tackle your it by doing the conventional snowball method. However.... 138% is insane so once a little one is paid off, I'd split the snowball. So I'd you free up $10, put $5 on the next lowest debt and $5 on the 138%. I know thats not the way is supposed to be done, but you'd get the gratification of seeing results as the little ones go away, but you'd also be tackling huge interest one. Making this video was a huge first step. You'll get there ❤

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It could be easier - use excel - so can more play which was the best to be pay first. if you had budget first, and all your expenses are fixed ( food, energy, shelter) you have a (written) plan with witch you only have to track your grocieries. Dont give up - the less you have to think, the more it worķs. Maybe you should make extra mo ey.

I would honestly get rid of those Affirm payments. This was such an eye opener for me.

Just watched your first video and commented on it. From this video - If $2406.08 is your total monthly debt - did I miss what your monthly take home income is? And this $2406.08 doesn’t include your groceries, utilities, any savings, etc - right? It’s very honest for you to say you realize you spend/leverage $ that you don’t really have/can’t do. That’s good. I encourage you to breathe - and own that - without shame. Own it to where you don’t allow that part of yourself to continue this non- adult behavior. There is no way to continue that behavior and ever be debt free - ever. There is no exterior magic that is going to happen. It has to be about accepting responsibility fully and making ALL decisions based on that ownership. There is no other viable or sustainable way to get there. I don’t mean to be harsh. And I mean NO judgment of you - now or from your past, etc. NONE. The decisions you’ve made thus far are the decisions you’ve made - that cannot be changed. What can be changed - and must be changed in order to not to go deeper into debt/that never ending feeling/reality of it being an impossible financial situation is - to make EVERY decision from this point on - as a caring responsible adult. Caring about yourself. Caring about your could/children. If you don’t, you will suffer as will they. And you will be forever burdening them, even when they’re adults, as they will feel the need to financially take care of you because you won’t have the financial security you need to ever retire, live an independent, good life on your own financially, etc. I have no doubt that you do not want to do that to your Childers. Regardless, they will feel that they need to help you financially. So, I encourage you to let that be your motivation to do things differently, immediately. It’s not too late. You can do it. Believe in your capacity to make good decisions financially. It’s going to be hard - of course - but hard for now is better than hard for the rest of your life. All the best to you!

New subscriber!

138% should be illegal. Just take one small step at a time

Consolidate or balance transfer the Rise loan for a lower interest rate.

Hi can you please use a black permanent marker so we can see your numbers. Its very light. Tx

Hi, new subscriber😊 you tried The Budget Mom?

I would payvoff allbof the affirms and then never use it again. Then start paying off that bigcone with 138%

I'm 43 and my take home pay is $1816 a fortnight so i wouldn't be able to pay $2406.08 a month in debt repayment.😢

138%? May I ask what do you do for a living?

Be nice to your self - you are what you read, take an other titel for your budget ( broke fix itt in your head) better would be, way to freedom

Dave Ramsey doesnt care as much about interest nor credit ratings.