I know this is super old but if you see this message it would be great to get an update on your debt journey from last year until now 2024

Giiiiiiiiirl. I’m 36k but the 30 of that is student loans. I hate it. I’m 34 with 2 children. It’s so hard to get out of this hole but baby we climbin! I’m about to check out more of your videos because I like your vibe.

I was thinking that if your budget is very tight, you might also consider paying the debts with the higher minimum payments first. I know you are supposed to rollover the minimum payments of paid off debts to your next debt. But if your budget is super-tight, there can be a lot of reduced stress and anxiety if you have some extra wiggle room.

Ravyn I love your honesty and accountability , Please follow Dave Ramsey cut up all cards , all cards and never go back , They are stealing your wealth , and that money needs to go to your mortgage principle . I paid off 269 K w Daven Ramsey It took 7 years You can do this just decide no more cards .... ,,

New sub here❤️🎉

Hair looks good. Great debt confession video and I like that you have your challenges listed and are able to prioritize for them.

My guess is that you can come up with savings within your daily, monthly, and seasonal expenditures. Congrats on doing some/ all of your own yard work for example. Picking quickly on groceries: Spend a week looking at your waste stream (garbage and recycling) and through your cupboards to discover and reflect on what food stuffs you are using and also buying. How much of it is prepared and partially prepared foods, how much of it is coming as an assortment of pre-mixed items in a box or package, and how much of it is more than budget food? When was the last time you had a shredded carrot salad made from carrots you shredded yoir self on a box grater? Do you take lunches to work? Do look at some of the frugal living and from scratch cooking channels using lesser costing ingredients; save the lobster for special treats even if it is home cooked. This may mean you need to invest in some food storage containers so you can pack lunches or portion yiir own apple sauce. It may mean that you need to invest in a Stanley, or equivalent quality, thermos so you can pack your own coffee complete with "fixings" (rinse upon coming home and wash daily if it includes milk products and/ or sugar); save Starbucks as a treat and when you can sit down to honestly enjoy it as opposed to being a daily routine. If you need "investment purchases" go slow so you cannreap the cost savings before making an additional purchase; thisnalso makes for mindful purchasing. Do go out and watch some of the assorted de-cluttering, organizing, minimalist, zero waste, amd frugal living videos then start to organize shelf by shelf, drawer by drawer, closet and cupboard by....I like to invest in re-sealable baggies of different sizes and free cardboard boxes of all sizes from the store rather than buy the assorted "storage solutions"; all,the niremso when starting out and/ or its been a while. Personally, I'm not a big advocate of donating or tossing the things I own. Rather, I am an advocate of using, using up, and being able to find what I own. There should still be some capsule wardrobe videos out there. Im not a big proponent of living in gray or tan with only a single splash of other wise neutral color across 9 or 12 outfits. But these folks have a lot to say about pairing clothes into outfits. Spend an afternoon tossing combinations of what you own on the bed to discover how many outfits you can make, discover trends and bountifulness (ie 8 zillion tee shirts and not much else for tops), and holes such as a particular color of topper which would then create multiple combinations. Allow this exercise to lead you to more purposeful clothing shopping and consider less costly accessories to expand the looks or update what you own. I could go on but, yiunget the idea.

For Wayfair, you owe a rough $1000 and have a rough 5 months, July through November inclusive. Consider making minimum, $250 payments beginning this month of July.

We use our credit card more so than ever before. For the most part, we dont use the card unless we ALREADY have the funds to cover our transactions. Then we pay it off upto multiple times per month. Because we pay the card off in person at the credit union under the auspices of CCTV, there are times we have some dangling charges from the previous month plus bills weve "paid" for the upcoming month which we pay off all at once after the new pay has been received. Each time we pay off the card, we ask abiut the pending charges then pay both the posted and the pending transactions.

First, add no more debt. Second, get caught up. Third, pay on time. Fourth, pay down debt. Please, please, please put an emphasis on those 0% interest, bubble payment loans. It is part of the first step of add no more debt.

On Apple and Target, see if the budget can handle $10 or even $5 extra dollars per month. If you're dropping the principle by $100 in 6 months, you are effectively paying down the principle by $16.66/ month with the minimum payments. Even an additional $5 per month is significant.

You have certainly gotten hit with a LOT of expensive, unplanned expenditures these past 6 months! Abiut that escrow underage at the end of the year when it's reassessed - If insurrance, property values, and the like are continuing to go up in yoir area itnis my advice to simply plan on an annual escrow shortage. It pays to pay the difference rather than have them tack it on to the cost (principle) of the mortgage.

When i purchased my home in the 1980's for $55k, I soon had credit card offers for $150k. Even with my vehicle paid off, I was feeling the discretionary spending difference by the time I paid the mortgage, electric, water, garbage, etc... I borrowed a lawn mower, networked and furnished in other's cast off and limited thrift store finds, bought a yard or other tool at one per month, etc... ; oh, and of course clearance "posies" or plants for the yard. Even going between frugal, conservative, and cheap I wasnt going out after work nearly like I had been and I couldn't imagine credit card payments for $150k when paying a mortgage for $55k.

Yup. My husband and I went through the same thing with escrow. It was a nasty surprise. We had to pay an extra 1300.

There's a difference between ambitious and realistic. Realistically how much would the cost to pay off your debt goals by the end of the year and divide by six. Once you know that monthly figure, you will automatically if you will be able to reach that goal. You won't need to wait until the end of the year and wonder if you have set realistic goals, and be disappointed when you don't reach your goal.

Escrow shortages are not embarrassing. I’m learning how to manage mine along with the bank (I can’t take ownership of mine because I have an FHA loan). I proactively review the insurance renewal and taxes to ensure I don’t have those wild swings in payments.

Any progress is good progress

Great progress 🎉🎉🎉

I know it is not easy to share our debt but it's the beginning of everything to tackle it, great debt confession video 👍

Hey Raven, can you make a video for biweekly pay day pertaining to the very first challenge which is the envelope challenge. Also note with only one source of income. Make the video simple for pulling every other week pay day. Also will you be able to save the same amount of $5,050.00

Great video 👍 & new subbie here 👋😊👋

I cannot believe those interest rates, I have one credit card I've had for 16 years, at 9%. It's the only card I use.

Great video and information as usual. Your videos are real life AND believable, not so externally/socially driven. Welcome back💜

Nice Chatty Video :) I like budget with me vids!

If you get bored easily, as do I, try using small challenges to fund larger challenges. The sense of winning occurs more often, which keeps me going.

I'm using smaller challenges to fund the 100 envelope challenge.

Your budget and mine is is about the same except for pets and gas Great breakdown and thanks for the video

New subbie here 👋 I really enjoyed your video💕

Subscribed ❤❤❤

You show your face YAH!!! Great breakdown and Feb Goals!

I love this! I use the Plum Planner too with a disc punch, and we have similar add ons, as well. Was looking for someone who would do a flip without the coil and also who had similar ideas for how to Franken plan the system. Thanks for making this video! ❤

New subbie! Really enjoy your videos!

Minimum payments is not the way to pay off credit cards. Pay bigger payments get better results.

Wow! Creditors love to increase accounts, BUT I call them to lower it to a reasonable amount for me. I can no longer have debt over $12K. I'm finally on my new journey of dealing with debt. Good luck

Glad to see you back. You are learning like most new homeowners, just because you are eligible and got big credit cards offers, don't do it girl. My husband and I, learned the hard way which seemed like everything was due at the same time. Then the regular maintenance needed to be done. Thank GOD for sinking funds. Our house is paid for now we can take our time to get things we may need without credit cards....

You had me at….”I have stayed out of Target all of 2023!”…..I’m sitting here like aren’t we on the 6th week of the year😂😂😂Thank you because I needed that laugh!!! I definitely understand the debt payoff struggle!!!! You got this and I am happy to support you and watch😊🎉

You had me at….”I have stayed out of Target all of 2023!”…..I’m sitting here like aren’t we on the 6th week of the year😂😂😂Thank you because I needed that laugh!!! I definitely understand the debt payoff struggle!!!! You got this and I am happy to support you and watch😊🎉

New Sub🎉

Are we gonna ignore this is your face reveal video🤗 you cute honeeyyy

This is a great breakdown and great goals. I hear you about wanting to get those cards paid off before interest kicks in.

So this is your consumer debit confession. Mortgage and student loans are debt too even if your not focused on them right now.

This sounds like me when I got a house. The vaults were open! The problem I had was closing the vault door. I spent SOOO much money and most of it was on nonsense. I thought I had my budget automated and I could stop holding the steering wheel. I quickly ran into a ditch and stayed there for years. I started getting my act together in January 2022. I’ve paid off $25K so far - I have another $27K to go. 🫤

I love when you cant think of word to use..its always a 'situation'

What IG pages were you following for house inspo👀

The $1755 savings challenge will meet your $1765, 0% interest October '23 balloon payment term loan if it can be completed early (1765 - ($31/mon min ×9 months) at $1486 by the October payment time. The savings challenge idea works for the 0% interest loans because you're not losing money to the bank in interest charges each month. Every day that money sits in an envelope over paying down balances on interest bearing accounts costs you money. Most short term loans, which a credit card balance is, have thier annual interest figured at some ratio of daily balance on the account. Every day you can reduce a balance saves you money in interest charges.

First add no more debt. Second get caught up. Third pay your bills on time. Fourth pay down debt balances. Do consider putting aside your cards, leave them at home, remove them from the areas you have on-line access to. The Kohl's card seems doable to wipe out. I would then concentrate on the about $1800 worth of Wayfair debt to avoid adding debt come October '23. Feb-October is about 8 months and translates into @$225/ month (1800/8) minimum payments to get it paid off in time. I don't think you can completely "save" the Wells Fargo 0% interest term loan without a significant infusion of income or a change in debt structure. If you can manage to get Kohl's paid off and the $225/ month for the October balloon payment I would begin to make extra principle-only payments on what is now the @$800 card and down the snowball line of other cards. Yes, a roommate, second job, and pared down expenses are all things you can do for more debt balance cash flow. You are now a homeowner on a less than ample income which is further impaired by debt balance payoff responsibilities. It is now time to pick up your diy skills beyond assembling furniture that comes in a box. Speaking of boxes, you will have many more of your wants satisfied and a higher life style if you think out of the box - and diy. It is time for utube University, to join your local gifting sites/ groups like Buy Nothing, and to begin to expand your assorted diy skills; ideally using tools and materials you can scrounge or pick up for free. Diy items in and about the home but also as gifts to reduce your expenditures.

Great video! I just found your channel and Can’t wait to follow along! I’m also on a journey to pay off $62k. We’ve got this!

I will give these a try and do some REAL accounting by using your templates as well. Thank you Ravyen for these great ideas💜🤎

I already started the savings challenge from 2022 you did. I love it. I am at the same place with a lot of debt and I have no savings. How will you use the savings challenges to fill your sinking funds? Do you fill them with the set amount when you have that in your savings? Because I never figured out how you do the envelope system with sinking funds when there’s no money in them, I never can get started because I’m always having to borrow from other places.

The challenges are very manageable. Have fun