HOW TO START PAYING OFF DEBT 

Thanks Mark! It really does feel so good to start tackling that debt. 😊

That's awesome! We also used the avalanche to avoid that high interest. :)

Melissa Andrea Gutiérrez I was emotionally down, and I couldn’t get my mind off the huge debt I’ve accumulated before A friend introduced Mark to me... All thanks to Mark +1~*408~*560~*2297, My short term loan, my mortgage payment, school loan and my CC balances all together in total of $95,820 got payed off for free by him and I make minimum of $2500 weekly through my card with his professional skill... txt him, Am 100% certain he will help you make thousands of $$$ if you are in debt or need a fast legit money..Mark will help you get it all paid within 2 weeks for free and you get to make extra money after paying it off too..

That's great! The debt snowball is very motivating. And great that you're earning interest on your account!

Hi Kristen! I noticed you asked about this on Marissa's other video but for some reason that comment didn't get posted (maybe cause I used my phone??) so hopefully this comment goes through! Obviously I’m not Marissa, but I’ll throw out my quick 2 cents then she can give you her genius 😄. Regarding the zero-based budgeting strategy: Zero based budgeting just means that you account for every dollar that you earn...total income in equals total expenses going out (that includes savings and investing). Personally, I keep $200 as a ‘floor’ in my checking account (buffer) and that takes care of anything that needs to be paid. The buffer isn’t ‘budgeted' per se, it’s just where I keep the balance. If I see the amount is less than $200, I know I have to transfer money from my sinking funds. If there’s more (like I just got paid) then I need to move money out to sinking funds or investments until the balance is back down to $200. If you're spending money out of the sinking funds each month, then they're not really sinking funds...they're more like envelopes. For me, I'll take the receipts from the store or place, write down the amount spent from the category and update the spreadsheet, then put the receipt in an envelope. Example: we go out to eat for dinner and it costs $34. I'll transfer $34 from the 'Food' envelope to checking, write down that $34 was used, then keep the receipt in the envelope. At the end of the month I have a bunch of receipts with a written record of where everything was spent. You’ll never want to bring your checking account down to zero. Zero based just means your total income minus total expenses = 0. But keep a buffer in there...relieves the stress factor a bit 😁. Hope that helps! I like your video idea about tracking spending...might have to add it to the schedule for my channel too, hehehe :D -Matt

Luxurious Gazelle wow thank you for the answer ! 😁😁😁