TRANSFER TUESDAY || MORE STUDENT LOAN COMPLICATIONS

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Hello everyone,
Welcome to this Transfer Tuesday video. The goal of these videos is to make sure we are making progress on all of our financial goals each and every week. So, I will be sharing the transfers we have made in the last week. We are currently working on paying off debt, saving for a 6-month emergency fund, and investing.
If you'd like to see our goals for 2024, you can watch this video:
• OUR 2024 FINANCIAL GOA...
These videos were inspired by Mary ⁠⁠‪@PenniesNotPerfection‬
Please check out her Transfer Tuesday videos as well!
Other Channels Mentioned:
‪@Lifewithmrsvee‬
‪@mickelsonfamilyhomestead‬
Thank you for sharing your goals with me!
Reminder that I am NOT a financial advisor. I’m just someone who is sharing my own financial journey and my own opinions on the internet. Find a qualified financial advisor if you have questions.
#transfertuesday #financialgoals #debtpayoff #debtfreecommunity #investing

Опубликовано:

24 июн 2024

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Комментарии : 83

@Plantation1984 7 дней назад

Made our $900 payment to our Durango and made a $5,100 principal payment against the loan. We have just over $10k on the loan left. Hoping to have it paid off by September. Last piece of consumer debt!

@KatieoftheHouse 6 дней назад

Wow, that’s HUGE payment! Congrats to you! I hope you have a big celebration when that last debt is paid 🎉

@austinalvarezpodcoach 7 дней назад

For the first time ever I am not living paycheck to paycheck. I watch your videos for motivation.

@KatieoftheHouse 6 дней назад

Yay! That’s awesome! And thank you so much 😄

@brookebond007 7 дней назад

Excited to be back for a new transfer Tuesday. No transfers since we just got back from vacay but we saved up in our vacation sinking fund, so I felt no stress and just had fun with my family!

@KatieoftheHouse 7 дней назад

That’s a win all by itself, Brooke! 🎉

@a2zbudgets101 4 дня назад

Good morning, Katie! I'm up early listening and enjoying your video..❣❣

@KatieoftheHouse 3 дня назад

Thank you so much! 🤗

@mrssummersbudgets 5 дней назад

Hi Katie, great transfers. the student loan saga continues, ugh, like our unemployment appeal. i think it was a good idea to switch the loans for now so at least the money isnt tied up in the abyss!

@KatieoftheHouse 3 дня назад

Thank you! Isn’t it so frustrating that it’s so hard to get money that’s owed to you, but when you owe money, they want it yesterday 😒

@stefsonabudget 7 дней назад

Hi Katie! Ugh sorry about the loan difficulties but yay for Mark finding the secret choice button! 👏🏻👏🏻

@KatieoftheHouse 6 дней назад

Yes!! I am terrible with technology, so he should have been the one doing all of it to begin with 😅

@cleanwithmimi 5 дней назад

Hi Katie! I'm here catching up to your videos! Awesome transfer! Keep up the amazing work! You guys are killing it ! ❤❤❤

@KatieoftheHouse 4 дня назад

Thank you, M! 🥰🥰

@Lifeoverdebt 7 дней назад

Hey Katie! Happy transfer Tuesday. I have nothing for this week, but I will next week! Ummm, ma’am… love the shirt!

@KatieoftheHouse 6 дней назад

Yay for future transfers! 🙌🏼 and THANK YOU 🥰

@curvyechronicles 7 дней назад

Ugh that is such a pain with the account number change! I would think they would give you a grace period where they would forward the payments sent to the old acct number to the new one but that would be far to easy and too nice of them 😅😂 at least you can now direct it to the other one! 🎉🎉

@KatieoftheHouse 6 дней назад

I’m so glad we were able to direct the money to SoFi! I was really freaking out before we realized that 😅 I’m just so ready to kick Mohela to the curb!

@BethelBudgets 7 дней назад

Nicely done! Wow, Moheala really sounds like a nightmare. I'm sorry this is such a struggle to get worked out.

@KatieoftheHouse 6 дней назад

It really is. I cannot wait to be done with them!

@libbysworld7649 7 дней назад

Awesome progress, Katie and KOTH squad! Terry and I used to follow another Katie back in the day who is no longer making videos. We go way back! Hubby got a raise!!!! :-) We will be using most if not all of that money to fund the remainder of his 2024 Roth IRA a little early. Which is unexpected given our daughter's wedding. So excited about that! Have a great rest of the week. See you Thursday? I love your Thursday videos. They are my morning treat! :-)

@terryhenderson424 7 дней назад

Yes, I hope that other Katie is faring well. Oh, and that she paid down that darned Walmart card with its perpetual, 85% functional interest rate! That was not the only card/ debt out there at the time with a low minimum and a functional interest rate that challenged unregulated payday loans. I get the low minimums but a functional 85% interest rate just got in my craw.

@KatieoftheHouse 6 дней назад

That’s so cool! This community is so awesome ☺️ Heck yes to hubby’s raise! Huge congratulations to you both 🎉 that’s so amazing that you can fund his Roth IRA ahead of schedule. You guys are WINNING!

@libbysworld7649 6 дней назад

@@terryhenderson424 Agreed! I felt for her. I ran her numbers through the Ramsey simulator once and it had her paying everything off in 100+ years. I almost cried for them!

@JKRBW 7 дней назад

Idk if you've seen the John Oliver episode on student loans, but it should be criminal that Mohela makes it so hard to make payments. Well done to you and the rest of the crew on all your wins this past week!

@KatieoftheHouse 6 дней назад

I’ll have to check it out! I am so determined to just get it knocked out now though. I don’t want to deal with Mohela anymore 🙄

@amyvdrwell 7 дней назад

This month was quite expensive, I had to pay a 400 euro medical bill & 400 euro towards car repairs. Fortunately, I have been budgeting for larger expenses like this, so I was able to pull it from savings. Unfortunately, these expenses meant that bottom line I ended up with less in savings than I started the month with, but it is also the mindset that counts so I am still happy to have put 150 towards my investments and 170 towards my tuition for the last year of grad school. Next month I will refund my emergency fund and the pick back up saving for a down payment!

@KatieoftheHouse 5 дней назад

Such a good attitude to have! It really isn’t fun to see your savings drop, but it’s so good that you had it to begin with and were able to use it when you needed it! Great job making some transfer happen the the midst of all that as well 🙌🏼🎉

@Divasbudgeting 6 дней назад

Good morning❤ awesome job to everyone on the progress they made. Hope you have a wonderful day

@KatieoftheHouse 6 дней назад

Thank you, Eva! Happy Wednesday ❤️

@ancileah85 7 дней назад

Hi Katie! Hoping for a quick resolution for the MOHELA issues. Thanks for the shoutout. You pronounced it correctly. Not a big transfer week, sent $200 to my HELOC. Have a great week ahead.

@KatieoftheHouse 7 дней назад

Thank you!! 🧡 I think that’s an awesome transfer, and I hope you have a great week well!

@catgodfrey6451 7 дней назад

Great week the babysitting is really paying off. Ugh Mohela. Thank you for the shout out. $180 to HYSA & $100 to ROTH. Car repair expense this week thank goodness for sinking funds

@KatieoftheHouse 6 дней назад

The baby sitting is REALLY helping! I’m so thankful! Ugh, car repairs are so frustrating! I’m sorry, but I am glad you had the sinking fund money. Sinking funds are just life savers. Nice job on your transfers as well 🎉👏🏼

@TheALMOSTOrganizedOwl 6 дней назад

Great progress, Katie🎉🎉🎉

@KatieoftheHouse 6 дней назад

Thanks, Nita! 🧡🧡

@debratakagawa4764 7 дней назад

What a mess with the student loan company. I hope the $500 finds its way out of the black hole. Good work on having so many transfers.

@KatieoftheHouse 6 дней назад

Thank you, Debra! I sure hope it ends up where It’s supposed to soon enough. 🤞🏼

@BrittneyBudgetsAndThings 4 дня назад

Good morning ❤ I missed the last few TT but I'm back!!! for the month I had to withdraw my savings to finally get me a car. I made a total payment of $1170 towards my car note ( $435 of it was by accident 😂 so I put it towards the principal and I'm also a month ahead ) $200 towards my Tsp (retirement fund) $850 towards debt😩😩 Glad to say I've paid off 6 out of 11 of my CC/Loans I'm glad this month is done ! Let's see what July brings!!

@KatieoftheHouse 3 дня назад

I’m so proud of you for paying off so much debt! You are doing so amazing, and still saving for retirement, too! 🎉

@Lifewithmrsvee 7 дней назад

Excited that you guys were able to choose which loan your husband employer pays

@KatieoftheHouse 6 дней назад

Me too!! Such a relief!

@mickelsonfamilyhomestead 7 дней назад

Thanks for sharing mine! 😊 we transferred $429 to the upgrade loan that started at $3,388 when we starting paying it off last week! Hope we get that check soon to pay this one off and the 4000 Wells Fargo card and then pay a little on the big loan for bestegg!

@KatieoftheHouse 6 дней назад

Thank YOU for allowing me to share your transfers! That’s so awesome! Keep up the good work 🙌🏼👏🏼

@gentlecharmbudgets 7 дней назад

Great video❤

@KatieoftheHouse 6 дней назад

Thank you, Heather!

@wunderwriter1 День назад

Used the mandatory $700 RMD from husband’s IRA to pay down BofA 😊. $3626 left, I can see the light at the end of the tunnel!

@KatieoftheHouse 20 часов назад

Woohoo! Getting so close!! 🎉

@terryhenderson424 7 дней назад

@$900 plus @$200 makes it $1100+ towards Molea and it is a wonderful transfer amount on its own! But when looking at a large debt on a spread sheet it is enough to make a clearly visible difference. Seeing a visible balance reduction becomes a self-perpetuating reward whether the balance is $100, $1000, or a larger amount.

@KatieoftheHouse 6 дней назад

Thank you, Terry! I do always want to put as much as we can, but I forget sometimes how much we are actually doing. You are so right that any payment over $1000 is HUGE!

@terryhenderson424 7 дней назад

Our good news "transfer" for the week relates to our vehicle gas fund for which we take a budget amount out in cash at the beginning of the month; gas is $.10 to $.20 per gallon cheaper with cash here. We do pay for some parking garage fees with gas cash rather than what will be bank based funds if things are going well; plus sometimes other incidentals. Although we drove a couple of gas cans of gas to someone, we've been more conscious of the the the gas cash usage as June wore on. Gas price decreases have helped, the cheapst gas in the area has gone from $3.79 a couple of days ago to $3.69 yesterday, there is enough left over gas cash to fill 5 gas cans plus have a few dollars for the 2024 Bigger Ticket Item Fund. By happen chance, its even going to be on a Tuesday.

@KatieoftheHouse 6 дней назад

That’s so nice that you get a cheaper price for Paying with cash! I hope the gas prices continue to go down. I’ve noticed them dropping a bit here, too 🤞🏼

@williamwarren9448 7 дней назад

Just keep trying to update Mohela .. it will eventually work its way out … it will take persistence 😮but you will get there ! Glenda you got this ! ❤

@KatieoftheHouse 6 дней назад

Thank you! Hopefully by the end of this year we will just be done with Mohela 🤞🏼

@angbudgetanddebt 7 дней назад

Great progress. I agree making sure you get the $500 some where. Doing great!

@KatieoftheHouse 7 дней назад

Thanks, Ang! I’d definitely rather make sure that we get it rather than be too picky about where it goes and miss out 😅

@izzybreezybudgets 4 дня назад

Great transfers

@KatieoftheHouse 3 дня назад

Thanks, Izzy!

@terryhenderson424 7 дней назад

By my rough estimations, Fed loan 5 is going to be on either side of what some call spitting distance of $18k by the end of June. And that is fantastic. Periodically on and off during the rest of 2024, glance at and spend enough time to look at the dollars of interest sent to Fed loan 5 in January 2024 (or December 2023) compared to the latest month's statement. Yada, yada, yada about the interest statements being accurrate ... Im guessing that there will be enough difference that it is quickly visible.

@KatieoftheHouse 6 дней назад

Thank you, Terry! I definitely need to do that interest comparison! I bet you’re right that the difference is noticeable. And hopefully it will keep dropping 😃

@buyerclub2 7 дней назад

Ugg. I just wrote a long comment and I think you tube lost it. If you don’t see it I willer write from my balcony on the Agean.😊😊

@KatieoftheHouse 6 дней назад

I didn’t see it 😭 this is the only one I see from you, dang, RU-vid!

@hollygriglio5722 7 дней назад

We sent $500 to my husband’s Roth IRA this week!

@KatieoftheHouse 7 дней назад

Yay! That’s awesome! 👏🏼

@authenticallyallison 7 дней назад

Oh my katie. All of that sounds like a dumpster fire. Hopefully the tool that hubby found helps out for next month.

@KatieoftheHouse 7 дней назад

Oh gosh, it is! I’m honestly just so ready to pay off that loan so I can be done with Mohela! 😫

@authenticallyallison 6 дней назад

@@KatieoftheHouse the breakup we are all rooting for 😂😂

@KatieoftheHouse 6 дней назад

@@authenticallyallison oh yes! It will be the happiest break up of all time 🎉

@authenticallyallison 6 дней назад

@@KatieoftheHouse 😂😂😂😂😂

@Courtz843 4 дня назад

The universe keeps giving you signs to just pay off sofi 😹

@KatieoftheHouse 4 дня назад

Dang, maybe so! 😂

@simplylivingsaves 7 дней назад

Good morning!❤

@KatieoftheHouse 7 дней назад

Good morning! 🩵🩵

@KarlottaKarotta 7 дней назад

Hi, Is it an option to use Marc’s employer money as part of the minimum payment from Sofi? Then you can reduce your installment and put it to Fed5. .

@KatieoftheHouse 6 дней назад

Oh yes! That’s definitely a possibility. I hadn’t even thought much about it yet to be honest because we were originally planning for the employer money to go to Fedloan 5, but that’s a great idea now that things have changed!

@pixelation790 7 дней назад

Will your husband’s employer be reporting their payments as taxable income? Have you made plans for that in your tax withholding? It’s a great program for employers to offer!

@KatieoftheHouse 7 дней назад

Great question! I still haven’t figured that out yet. My husband says no, but I don’t think he actually asked anyone yet.

@buyerclub2 7 дней назад

Almost certainly the loan payment will be considered income on his w2. I know when my son’s employer paid off he tuition for his masters it was reported as income. So do remember that for tax planning. But if he asked his employer and I said no, then I am wrong. Btw you will be happy to know mohela isn’t involved in this