This is crazy. Glad you are seeing this for what it is and getting a plan in place but this still isn’t enough. Minimum payments means you’ll be stuck in this forever because the interest will keep these amounts high. Daughter is getting a tuition based scholarship only, so you still have to pay for housing, which in most places exceeds the cost of tuition. Living out of state means expenses for living and getting her home for breaks and back to school. This doesn’t sound like a smart decision given the situation you’re in. She can go to community college, live at home, and transfer to a state school. That car should have been gone last week. Have you listened to Dave Ramsey?? If not, you really need to.

This is crazy. Glad you are seeing this for what it is and getting a plan in place but this still isn’t enough. Minimum payments means you’ll be stuck in this forever because the interest will keep these amounts high. Daughter is getting a tuition based scholarship only, so you still have to pay for housing, which in most places exceeds the cost of tuition. Living out of state means expenses for living and getting her home for breaks and back to school. This doesn’t sound like a smart decision given the situation you’re in. She can go to community college, live at home, and transfer to a state school. That car should have been gone last week. Have you listened to Dave Ramsey?? If not, you really need to.

I see no medical or dental bill or retirement? Are you not sending your kids to private school?

Your are spending too much.

No assets , all you have there is debt , frightening

Vacation money - total debt = math says what vacation money? Contact a lawyer to see if you guys qualify for chapter 7. You'll thank me for the rest of your life.

Everyone's number is on their credit report.

Credit reports are your Debt Slave papers. They keep track of all the businesses that own you. Credit scores are reward points for staying in debt with your owners listed on your credit reports ... they mean nothing more. Credit reports show if you own the business of yourself in The United States of America 🇺🇸 .... or not.

how is it going on October 24`?

This is just insanity. You guys have over 370k in consumer debt , including high interest CC debt and personal loans & SL debt . All while haven’t a 60k car and prioritizing vacations over paying off 370k in consumer debt is just absurd. There are just no other words . The car should absolutely go . Best of luck to you !

God did not put yall in that situation lol

Making 200k a year not paying his loans 🤡

Do velocity banking to pay it faster.

Where’s the next video?

i am going to have a nervous breakdown. you seem like you are chill as can be. get rid of the expensive vehicles, get rid of the house, have an emergency fund and pay off your bills as fast as possible. no vacations for the kids...you can't even afford vacations for yourself. don't pay your kids college either, they can get grants/loans. if you get out of debt then want to do that....great. until then, you are drowning in debt. i am sick to my stomach. i think my hair is falling out! good luck! omg he lost his job! see!

My goodness I'd need to sit and sort out how to live with that amount of debt , I really wouldn't be able to sleep at night , you need to make big changes you are living beyond your means .

Not your fault. Those interest are. In my country we don’t see that kind of interest rate.

Awesome video

Yikes! Unfortunately, you need to get out from those cars and close those credit cards. Those are some big diamonds on those hands…

Those student loans are off the chain! I feel for you.

That's a lot of debt. Snowball those small balances. Could really do it in a month. All the interest rates u guys have other than the mortgage is killing u guys slowly.

Your video randomly showed up on my feed. Hope you are still on track!

I did 4 years in the Navy in 1976-1980. I used the GI bill to help pay for my college. The GI Bill would pay you up to a certain amount based on the number of credits you took. I went to a private college so the amount they gave me did not cover 100% tuition. Sometimes you need to make sacrifices yearly in life to help get started on the right foot. I had about $6K in student loans and worked a second job after college to pay off the loan faster. $6k may not seem like a lot but income was much lower than today. Many students were getting about $15k-$19k a year for their first job out of college.

You guys are 1/2 a million in debt. You both got this.

Your monthly payment is more than what you're saying, according to monthly payments you showed us.

Hi friend, thank you for your transparency. I've been a teacher for 25 years. I felt every bit of what you were saying in this video. All you need to do is wake up every morning and put one foot in front of the other while you work your plan. Trust me you can do it. I was debt free in 2020 then life did the most and kept doing ever since. Also, you have a partner. Hold each other accountable and get 8n a better place with your debt. Even if that means it's not all paid off. You got this 🎉❤

As a fellow teacher, I totally understand the guilt behind spending so much time with other people’s kids that your own children don’t get the best of you as you say. BUT I honestly think it would be much more fruitful to reduce your stress so they can have more of you instead of spending on vacations when you don’t necessarily have the money to do so. If I were in your shoes, I would drop to part-time work or maybe take a teaching role that is less strenuous. Sounds counterintuitive since you need to pay off debt! But it might actually help because I think a lot of people’s spending issues have more to do with emotional needs rather than a lack of financial knowledge.

What happened? Are you okay?

Thanks for sharing! My family is on a financial freedom journey as well. I am looking forward to following your journey. New Subscriber.

Sorry he loss his job and pray he finds another just as good.

Mrs Mom do what is best for you and your family. you see the debt, knock down the lowest first and remember you could get the loans deferred to allow you to catch up on the small bills. Now make sure pay yourself take 20-50 a check and put away for emergency savings. When you shop, make your budget to stick with (envelopes with how much you would spend in categories like laundry, gas/light/ car note, insurance, mortgage, food, student loan, credit cards etc. Write down what you want to pay each category.

As if you one more time stand up after failing, there is no fail. Try and error.

Thanks for sharing and being REAL! Blessings to you.

Students can go to community colleges. Cars can be sold. Vacations are optional. Change your brand of toilet paper. However, it's your journey and you will work it out.

Shouldn’t the eating out budget be 500-239? I don’t think it would be $510 left?

Hiiiii, would love to hear an update on your debt journey!

I won’t give up vacations either. Ya gotta live. 😊

My anxiety is on overdrive now after watching this. I have zero debt and a paid for house. My minimum monthly payments for internet, cable, utilities is less than $400. I save 70% of my income and live off the other 30% and I worry about spending too much.

I would flee the country and change my identity if this was my life situation

You need to pay a professional and follow their advice. You have 405k in non-mortgage debt! You’re way to casual about this, sacrifice starting now!

Welp another dead channel

Yes, your vacation expenses are definitely debt.

Thank you for being brave and putting your story out there. Blessings on your debt journey!

Hi sister ...watching from cape town south africa Im 10 yrs older..life happened too and I a similar situation...Aug we start being financially aggressive too so let's keep each other accountable

Can anyone explain the purpose of a timeshare? Seems like a scam to me

If you have federal student loans, apply for Public Service Loan Forgiveness (PSLF). I’m a former teacher and PSLF has been a lifesaver. Good luck on your journey!

So proud of you! Awesome video new subbie here!❤🎉

When you said that you are expecting over $13,000 income I was like dang 👀. We have A LOT of debt to dig ourselves out of as well happy to be on this journey with you! We got this.

Congratulations on getting your student loans wiped out! Good luck on your journey, you got this! I’m also on my journey and I’ve found the easiest way for me to not overspend is having cash in hand. So the envelope method has helped.

Maybe you should listen to a few financial guru’s to keep you motivated 🤷🏾‍♀️