How To Pay Off Debt | 8 Ways

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Hey Guys! Today's video is a reading plan with me while we discuss 8 ways to pay off debt. These are the different strategies that you can take in order to pay down debt. I did an entire Money Monday class on this topic. If you want to watch the class, here is the link: • 8 Ways To Pay off Debt...
See you guys on Friday! :)
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alaina@theorganizedmoney.com
ABOUT ME
I’m Alaina.
I’m an author, speaker, financial educator, Etsy shop owner and RU-vidr. I love to share videos on organizing your money, mind, and life.
What else?! I am a wife and mother of 2 girls. I love reading and planning! I hope my videos help you on your financial journey.
*Some affiliate links are used, which means I may receive a commission should you decide to click that link and make a purchase. My content is 100% not influenced by brands, PR products received, usage of affiliate links, or brand partners

Опубликовано:

4 авг 2024

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Комментарии : 130

@TheOrganizedMoney 4 года назад

Hey Guys! Today's video is a reading plan with me while we discuss 8 ways to pay off debt. These are the different strategies that you can take in order to pay down debt. I did an entire Money Monday class on this topic. If you want to watch the class, here is the link: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-xpePz0AblrQ.html See you guys on Friday! :)

@lanessiacarrington8283 4 года назад

I currently using the snowball thanks to Ramsay but I may incorporate the emotional and largest payment. Love this!

@JustJoia 3 года назад

Thanks for sharing. Definitely some ways I never heard of before.

@liufox4394 3 года назад

Cheers for this, I've been looking for "lower your debt" for a while now, and I think this has helped. You ever tried - Konabriel Denarper Blueprint - (do a google search ) ? Ive heard some pretty good things about it and my co-worker got excellent success with it.

@izabellaadriana4548 3 года назад

Most successful people started from nothing. They didn’t wait for the opportunity to knock but created the opportunity on their own by working hard. Thankgoodness i found Mr carlos kingston a pro forex trader, now I have been trading with him for about 7 mounths now and I earn up to $15,000 weekly. i guess this is the epic start to a new chapter in my life. I just feel like more evevryone should be made aware of this opportunity, feel free to contact him @carlos_1uptrades on Instergram his indeed a genius.

@izabellaadriana4548 3 года назад

@mikalareads 3 года назад

I love your emotional method and I've never heard of that before but that's what I've been thinking about doing. I just got a car loan at a higher interest rate but my student loans have been hanging over my head for 6 years and I want them gone. Great content!!

@bruce5895 3 года назад

Tip # 1 for saving your money, start paying cash for your purchases, if you don't have the cash don't buy it.

@Yannieboo 3 года назад

Your nails and penmanship are really nice, which makes this video more enjoyable to watch. Also, great information. Definitely already shared it with my friends.

@Talkinglife 4 года назад

Here are 10 easy ways to pay off debt: Create a budget. Pay off the most expensive debt first. Pay more than the minimum balance. Take advantage of balance transfers. Halt your credit card spending. Put work bonuses toward debt. Delete credit card information from online stores. Sell unwanted gifts and household items.

@cameronfousvlogs686 4 года назад

When I thought I had lost it all , I'm 35yrs with student loan debt of 83k , there's was no way I could meet up my bills, debts and two disabled son but a credit specialist with the name Royson proved me wrong by fixing my credit. He deleted all my hard inquiries and paid my debts, I really can't thank him enough, look up their website or contact him directly ‘Royson@creditmasterfixllc.com' for any credit help or advice.

@batirtzeurkiaga102 3 года назад

Right on!!!!!!🤑🤑🤑🤑🤑🤑

@batirtzeurkiaga102 3 года назад

@@cameronfousvlogs686 Awesome. I hope you have great peace of mind. All the best!!!!!🥰🥰🥰🥰🥰

@mschrisfrank2420 4 года назад

1. Debt Avalanche-highest interest first 2. Debt Snowball-lowest balance first 3. Emotional Method-highest emotional stress first 4. Balance Transfer-use introductory offers 5. Highest Minimum Payment 6. Personal Loan-consolidate into low interest loan 7. Debt Settlement-negotiated one time payment 8. Bankruptcy-last ditch option

@cameronfousvlogs686 4 года назад

@wurdnurd1 3 года назад

@@cameronfousvlogs686 You really don't need to pay anyone to do this. You just need to get your credit reports, then contact the credit bureaus (email is fine) and negotiate with the credit cards. There isn't an "insider knowledge" to pay for, and it's a good idea to run through your credit report annually and clean up any messiness, anyway.

@liufox4394 3 года назад

@jimdandy8996 3 года назад

Why were the options of embezzlement or bank robbery left out?

@DavidDangNguyen 3 года назад

Had my fiancé watch this and it helped her understand the different strategies. Thanks!

@hounddoglynch 3 года назад

We’ve used all methods except for the transfer and personal loan bc our credit was so bad no one would let us open a line of credit with them. We pay off one debt and then re-evaluate our situation that would fit our needs. Sometimes it was an emotional debt payoff, other times it would be the highest monthly payment. We’re down to two credit cards left! 👍🏻 And then the next tackle will be auto loans.

@veronicafarfan4384 3 года назад

Omg this video was soooooo calming - love!!!

@SweetGaBrownin 4 года назад

The snowball is the best for me at this time. I heard it first from Dave Ramsey, but i definitely appreciated the others you explained in this video that hadn't heard before. TFS 💙 🙏🏽

@checkinwithchinajessegonza7759 3 года назад

Loved this!!

@jjholl00 3 года назад

this was a very good video... Also, your penmanship was excellent!

@carolyndalton7775 3 года назад

A great video. There were a couple of ways I had never heard of.

@desertrat5543 3 года назад

I was doing the emotional method and didn't even know it! Great video- wish I had seen this years ago! Learned new methods.

@merciamisigaro5911 3 года назад

❤️❤️ I love your journal .

@AmbitiousHarley 3 года назад

I’m just binge watching on this 12 hr shift. Trying to grow in my little corner of the internet.

@ireneissomewhere 4 года назад

Great video! when I set up my debt payments system I realized that I was doing both the debt snowball and the debt and the avalanche since my lowest debt was also the highest interest. It's good to see these different ways off paying debt visually.

@tiyang44 3 года назад

Just watched this video and i realised my lowest balance has the highest interest rate. So i'm paying that one first.

@emmaf798 4 года назад

Wow!! Great to see these all laid out, thank you!

@cameronfousvlogs686 4 года назад

@devraga9612 3 года назад

Great summary. Subscribed

@nchan1026 3 года назад

You have nice hand writing ✍ and thanks for the debt pay off tips 😀

@stonebanksm 4 года назад

Lovely as usual. I did attended the money Monday class for this but is nice to have a short video to refer to 😊

@TheOrganizedMoney 4 года назад

Thank you so much for attending the class!! :)

@cameronfousvlogs686 4 года назад

@jysikahill5803 3 года назад

Wow I really needed this! I only heard of the snowball and avalanche method and avalanche sounded best to me but I may end up doing highest minimum payment.

@user-cx9tm1fz1d 4 года назад

Awsome way to fill those blank pages in our bujo. Loving it!

@cameronfousvlogs686 4 года назад

@MandyM_81 4 года назад

Thanks, Alaina! Great presentation of really useful information. Really enjoyed the video!

@cameronfousvlogs686 4 года назад

@InPursuitOfCuriosity 3 года назад

Nice video. I am sure you have helped people make an informed decision on how they will tackle paying off their debts.

@angelicascorner8780 4 года назад

Great video! I never heard of so many ways to pay debt ! Awesome 🤗

@cameronfousvlogs686 4 года назад

@kendra25horton 4 года назад

Wow, thank you so much for sharing and making it so simple to follow.... Have a blessed evening😊

@cameronfousvlogs686 4 года назад

@gigicleanup 3 года назад

Excellent video, excellent explanation! I have learned a lot from our videos. Thank you for sharing your knowledge. 💞

@spiritualcosmeticss 4 года назад

Thank you so much for this video! I heard of most of these but thanks for putting all 8 methods together. Truly a blessing!

@TheOrganizedMoney 4 года назад

You are so welcome!

@cameronfousvlogs686 4 года назад

@C.Dupree 3 года назад

Thanks for sharing! i haven't heard anyone talk about the emotional method but it is nice to know it is a thing since I am doing that for one of my debts. Much love~

@elizabethjeffrey3146 3 года назад

There’s no other greater joy than having financial freedom and a life free of debts, all thanks to Mr Nicholas, cause he made me who I am today through binary trade. He has helped me a lot with his trading strategies which helps me to earn $85,550 . I really appreciate it and can't help but let others know about it because it is so suitable anyone can trade from anywhere and anytime, you can reach Mr Nicholas on insta @nicholasjmyronfx or whats app:+1(518) 633-5966 his indeed a God sent. now i don't need to be working 9-5

@EricaLucasLoves 4 года назад

This was AMAZING!!! Great summary.

@cameronfousvlogs686 4 года назад

@tbeshers 4 года назад

This was a fantastic video. Thank you for the eight tips. And your handwriting is beautiful.

@cameronfousvlogs686 4 года назад

@tonyaholman7055 3 года назад

Awesome! Thx!!

@hollyelizabeth6508 4 года назад

Love these ideas. Thanks for sharing! Also, can I just say you are relaxing to listen to. Beautiful voice :)

@TheOrganizedMoney 4 года назад

Thank you so much 🙂

@cameronfousvlogs686 4 года назад

@adrianem9943 4 года назад

Really enjoyed the class last week! Nice to have it here, and I'm so inspired!! I got some overtime and was able to pay off 1 revolving card already. Excited to get the rest of it GONE! On a side note, can I just say your manicure is ON POINT, girl!!!! I'm a nurse, so I have to keep my nails short, but if I wasn't, I would wear my nails exactly like yours. Always classy looking.

@janirak.255 4 года назад

Every time I watch one of her videos I think the same!! 💅🏽

@TheOrganizedMoney 4 года назад

Congrats girl! And Thank you so much!

@cameronfousvlogs686 4 года назад

@nataliemichelle1107 3 года назад

I never even considered the emotional stress. I have been doing something similar but now it makes a lot more sense.

@Flooofster 3 года назад

I love your handwriting! 😌👌

@kerissavillegas3047 3 года назад

Thank u for helping me learn ways to change my life I did #1 and it works

@PrincessDiamondCut 4 года назад

I’m a new subscriber and these were some helpful tips. Some I already knew about but others I didn’t. 🤎🤎🤎🤎🤎

@cameronfousvlogs686 4 года назад

@lisakrushinski9436 4 года назад

Very informative. Thank you!

@cameronfousvlogs686 4 года назад

@tpayton9715 4 года назад

I recently discovered your channel and am so happy that I did! Taking control of my finances is one of my New Year's resolutions. Now that the new year is approaching, I want to accomplish this before then. Which videos do you recommend that I start with and in what order to get my financial life together? Thank you for sharing your passion with us

@kit7647 4 года назад

I'm obviously not the wonderful Alaina but I began watching her videos for the same reason you are! Any of her monthly budget videos are great. You get real numbers and her thoughts along the way. There's one about doing a yearly budget which would be a good starting point. She also has a two-part reading plan series about the differences between the rich and middle class that was eye-opening for me. Poke around her Adulting playlist too. It covers budgeting, effective to do lists, and other aspects of life that need regular maintenance. Good luck!

@cameronfousvlogs686 4 года назад

@chakrakhan8624 3 года назад

Didn’t even know I was using an established method but #5 is also my favorite

@deluxecoco2789 3 года назад

I have never heard of the emotional method and I like it. I am currently doing the debt snowball but I know there are debts that bother me more. Great video!

@TheOrganizedMoney 3 года назад

Thank you!

@kingstonstreet3726 3 года назад

Just here to support

@donnabryant9757 4 года назад

Thank you! This was awesome and a refresher for me. It's good to hear information over again and again. What kind of pen are you using? Thank you again ❤️

@muddygoat 4 года назад

I want to know what type of pen it is, too!!

@cameronfousvlogs686 4 года назад

@GETYOBAGMONIQUE 3 года назад

You have great penmanship ❤

@leathelandlady 3 года назад

You have great penmanship!

@TheOrganizedMoney 3 года назад

Thank you!

@pamelacastro32 3 года назад

Your stickers are so cute..

@leviticusgillis9850 3 года назад

How do you go about purchasing stickers that is used in this video and the book alone with the pages .

@aaronhartmann7658 3 года назад

Work your butt off. I paid my new mortgage off in 3.5 years. I was working 70 hours an week.

@jakaylam.1890 3 года назад

About the settlement. When I tried to do that. They said they couldn’t send me anything until I paid the settlement amount. Is that legal?

@lindawoodfill503 4 года назад

Great video dear I do have a question if you do a transfer to pay off a credit card to a low interest one like you said do you close out the original when you have?

@TheOrganizedMoney 4 года назад

Hey! No. I don’t close the cards cause that can hurt your credit. Just keeping them at a zero balance.

@lindawoodfill503 4 года назад

The Organized Money Thank you .

@kit7647 4 года назад

@@TheOrganizedMoney I want to point out here that in some cases you will be charged a fee if you don't use the card. Not all do this, but if you're going to keep a card open just for the purpose of keeping your score up, put a small recurring charge on it. Another point I want to bring up is don't keep the card open if you have many. I'd rather manage 1-2 cards than 5-6. Pick cards that suit your lifestyle and increase the limits every 6 months (assuming you handle them well on a monthly basis). Over time you'll build up that history and rapport.

@cameronfousvlogs686 4 года назад

@renaesutton3145 3 года назад

You can also reaffirm a debt in a chapter 7 as well as a chapter 13 (provided the lender will do it).

@imreallllyboreddd4607 4 года назад

hi i am a young person ( dont worry i am not 7 or 10 ) and i dont have debt but i like watching yout vids anyways since you have such a nice voice keep doing what you are doing. stay safe people :D

@cameronfousvlogs686 4 года назад

@donnaterry85 3 года назад

Where did you get that planner??? 😍😍😍

@elizabethjeffrey3146 3 года назад

@gabrielamartinez_1 4 года назад

do you have your budget planner in classic size instead of the big?

@cameronfousvlogs686 4 года назад

@MusicGurlDez 3 года назад

What type of pen? Thank you.

@TheOrganizedMoney 3 года назад

Papermate Ink Joy 0.7

@carmenburgos9003 3 года назад

🕊✨ Good Morning. I Enjoyed Your Video Very Much. I Do Have A question! We Do Have Excellent Credit Scores. We Will Like To Know If We Can Take The advantage of the Lower Current Interest Rates Refinancing our Home. We Have Two Sources of Income Disability and Unemployment ( My Husband’s due To COVID-19 ) We are Not under Forbearance. Thank You! in Advance for Your Great Strategies and And Answer. Have a Blessed Day. 🌹✨

@kendrakimber9575 3 года назад

I just wanted to add, with option 7 the debt settlement, please please please be sure to confirm that this is a Pay to Delete settlement. Once it hits the point of collections, majority of the collection agencies are willing to request the Credit Bureau delete the debt entirely from your credit report. They do require the settled amount be paid in full first, but this is a simple yet crucial step that can improve your score for something you were already planning to do!