Morning Kimmie!! Listening as I commute to work…at a red light…glad to hear you will “probably” pay off your debt… I like no debt more than seeing a Chunky savings…. I like my money mine when it comes in and not having to pay a debt!!! The deck is gone you can save more!!! go back to my recent of why, and my reason was for peace.!!!
Heeey Melissa!!! ❤️ No debt more than chunky savings…that’s where I need to be in my thinking. I have a fear of not having enough in savings. But you’re absolutely right. I can always save more and more easily without the debt hanging over me 😬
So happy for you with that YT income! It does suck how much it can vary though. I always need to work on being more frugal, but I’m not sure I’ll ever get there 😂 we are going to try a pantry challenge for the rest of this month and maybe May, too. We’ll see if we can make it that long 😅
Thank youuuuu Katie!!! ❤️❤️❤️ Being frugal is kinda hard. Now I think I’m more conscious of how I frugal I really am 🤣 It’s going to take me a while. Pantry challenge April-Yay!!! Even if you’re only able to do 2 weeks, that’s a big win in my book. 🙌🏾
I always love your honesty and how open you are to share it all with us. 😊😉💪 I am also doing a no spend month in April😇😎 Yes I am like you I love having my savings for sure lol is scaring just paying a big chunk of money 💰 but glad if you going to be debt feee 💗💙💗
Thanks Cris 💗 I am still nervous about paying it all off but I really want to be done with it. I know it’ll take a while to build the emergency fund back up too. That’s cool you’re doing a no spend month too. Yay!!! 🙌🏾
I know right? I thought about not having any streaming services at all but I’m not there yet. I’ve gotten it down to just one.😅 And I finally got rid of expensive xfinity internet so that is a big help 🙌🏾
I appreciate you always being so real, Kim! I think the concept of to pay it off or not is a matter of risk management. I'd want to look around at your overall circumstances before just moving all that over. Do you still have 6 months expense? I personally am in fear of layoffs at my job. I am straddling the topic of how much cash to hold vs just putting it in to the market as that's the goal im working so hard on. It's definitely making me adjust my strategy with my paychecks to being more conseravtive.I also am building more into sinking funds for me to do FUN things - that's an adjustment! vacation fund feels like a priority, investing feels like a priority, and just have fat emergency funds is priority. Whats a girl to do?
Oh my, you bring up some really valid points. Thank you! Risk management, yes that makes sense. I think $15k would cover 6 months worth of expenses for us. I understand the fear of layoffs. That would make me want to keep a larger emergency fund. Dealing with my irregular income has me a little nervous to pay everything off at once. Whats a girl to do-that’s my question too. Because I want to do it all but I know I can’t. I love the idea of having “for fun” sinking funds. That’s something I didn’t do for myself when I began my journey.
@@debt2none Thank you, I appreciate everything you wrote. You and I really are th same. I agree that having irregular income means a bigger emergency fund warranted. Me, I own a house that means biggger fund (in fact i have one dedicated to it) AND because i have rental portion it makes it need a larger fund too because the amount of money to cover funds IF that had no income coming in would mean bigger than my usual expense. ALLL this is just to say that all ucertainty means, to me, just more padded funding for it. Even that all has a limit of how much to put, of course. What month fund do you think for your variables? I think for me the fun sinking fund, namely vacation fund, will be really big breakthrough for me in all this money goals + psychology. GAME CHANGER!
Kim you don’t know how much I get you, I can understand completely, not wanting to let go of that security net. But I can tell what I use mine for in the long run will mean so much more, then getting though the tight time, and why won’t anyone give you a straight answer on garnishment, say the court date is July 23 but your taking the money now and won’t talk with me until after the court date. Huh? 😮anywho you know what’s right for you when the time comes. hugs❤
Right? It’s such a fear. I know you get me Gina ❤️ How frustrating of them to not even give you a straight answer. And I wonder what the purpose of the court date is if they’re already garnishing his pay.
If you pay it off then it is behind you then continue to save for future. I hate to see my savings go down to but if you do you would have less to think about.
Hi Kim... If you feel convicted to pay it off then go for it.. As much as I am totally understand what you mean... But your husband is right.. It makes no sense to save when you have savings.. Cause I feel like once I dip into my savings.. What's gonna stop me from dipping into my savings again... 😊
I am still feeling uncomfortable about paying it all off but I guess it’ll be easier to save once the debt is gone. Oh yea, I completely understand that. Once you dip into the savings it’s easy to keep doing it. That’s a good point.
I’m new to your channel. Been learning a lot from your videos. Working on starting to actually budget instead of just making sure my bills are paid. My goal is starting and fully funding an emergency savings funds. What app/software are you using in this video for budgeting? Thanks
I use an app that I downloaded on my iPad called Spending Tracker. It does not have any in-App purchases & I love it! But there are several budgeting apps out there that people love. Some that I’m familiar with are: EveryDollar, YNAB & Goodbudget
@@debt2none Great. Thanks. I’ve used GoodBudget in the past but always stop using it, so I cancelled the subscription. I don’t wanna waste anymore money. That app is $50. 😳 Dave Ramsey promotes EveryDollar and that doesn’t work for me because I get paid daily working DoorDash and that app is really designed around paychecks. I’ll check out the Spending Tracker and YNAB. The Spending Tracker looks very simple and I like the setup from your videos. And if it’s FREE I’m down to try it.
Hey Kim, I get so excited when I see a new video pop up! Great update, glad the hubby is on board and more involved. We are doing pretty good with our debt payoff, steady wins the race.
Hi Paula!! Thank you so much. Yea, I appreciate that he’s giving me more feedback now. It really helps. Steady wins the race, yep, I gotta keep that in mind 😆
I think youre still in debt because of fear. You have some savings and it would be nice to continue to have that in case you need it for something else like your plumbing issue so you dont have to add more debt. if you spend it and need it then youll add debt again. i think the math makes sense, its 0 percent, y rush.
You’re right. It’s definitely because of fear. There’s a feeling of security attached to my savings. I feel like right after I shell out $13k to pay everything off then I’ll get hit with another big repair. That’s my fear. “Why rush” I know, part of me keeps asking myself that.
