Best ways to pay off debt fast (Proven ways that actually works)

[@jmadubedubemadubs6257]

I was able to pay off my debt in the year 2023 and that is all because of your videos. I am addicted to your videos. They speak to me. Love you Jenn❤❤❤

[@JennNxumalo]

That is such a big achievement, I am so happy for you and I am also happy to have been a motivator for pushing your debts 🥰🙌🏿

[@vuyimkhwanazi6089]

I'll be paying off my biggest debt in the next 13 months... which will save me 3 years of interest and stress🕯️. I'm praying for strength and patience🙏🏾 True...WHY? is the driving force. I don't want my life to be controlled by debt. I don't want to wake up and go to work because of debts. Thank you Jenn❤ Blessed Sunday everyone 🙏🏾

[@siphiwemadonsela4652]

Afrer 13 months we are coming back to this video to celebrate the achievement 🥳

[@vuyimkhwanazi6089]

@@siphiwemadonsela4652 🕯️🕯️🕯️🙏🏾🙏🏾🙏🏾🙏🏾🙏🏾

[@JennNxumalo]

I am so happy for you, I am happy that you are resilient and very clear about your goal. That is recommendable. I pray that God gives you strength to keep going Vuyi 🥰💐

[@vuyimkhwanazi6089]

@@JennNxumalo 🙏🏾🙏🏾🙏🏾🙏🏾🙏🏾

[@theosphambo]

Fire on Sis' Vuyi, Inkosi ibe nawe 😇❤

[@siphiwemadonsela4652]

Thanks Jenn for another dose of wisdom. Just finished paying off my car( I have not done justice celebrating this achievement), unfortunately I got retrenched. But I know I have R5500 back every month from my next job or emergency budget looks much healthier as I continue with the job search. What a proud moment 🎉

[@vuyimkhwanazi6089]

Congratulations dear 🎉👏 May God bless you with a job 🙏🏾 Love and light 🙏🏾🕯️

[@siphiwemadonsela4652]

@@vuyimkhwanazi6089 thanks dear, I appreciate it 😊

[@zeeSokhela]

Congratulations mama 🎉🎉🎉🎉🎉

[@siphiwemadonsela4652]

@@zeeSokhela Thanks dear😊

[@JennNxumalo]

Firstly congratulations sis’wami for paying off your car. I am sorry about getting retrenched, God will open doors because you are not sitting and waiting. Opportunities meets us in our pursuit for better or new opportunities. I am glad that you have an emergency fund which is sustaining you right now.

[@zeeSokhela]

i was actually debt free for a while and then had to take up debt for business and i cant wait to pay it off. I hate having debt

[@JennNxumalo]

Don’t feel bad, you had a reason why you had to go into debt, getting out of it is also possible 💐🥰

[@kamoogelo]

Paying off debt can be hard but it is rewarding when you have paid off everything

[@JennNxumalo]

Yesss it gives us so much relief 😮‍💨

[@Sindie_Bjs]

I love your Simplicity Jen Am copying your lifestyle, Am praying to do better by day.. Being a mom of 3 , trying to keep up with my expanses.. But I'm grateful for trusting n learning from people like you

[@JennNxumalo]

Thank you Sindie, each day is an opportunity to do better to develop and grow. You are on the right path 🥰🙌🏿

[@yolandenonhlanhladlamini1944]

I honestly wish I was exposed to your videos 2/3 ago Nkosi yami...I'd be so far! But better late than never. Thank you for dropping such knowledge into each video

[@JennNxumalo]

Information comes to us when we are ready and when we need it, even now it’s still a perfect time.

[@theosphambo]

There is no time like present.

[@vuyisilemodise9470]

everytime I listen to you, my financial plans are validated❤

[@JennNxumalo]

Love that! 🥰💐

[@dlaminiphikelele3686]

Hi Jenn. Thank you so much for the wonderful content. I recently startedy my journey. However, i am starting with a 3 months Emergency Fund (Living Expenses), then i will start payjng down debts. I'm so motivated🎉🎉.

[@JennNxumalo]

Building an emergency fund is very important, I will also say make sure the debts you are not costing you more in the long run. Especially if you have credit card debt.

[@babalwagunu2561]

Thanks Jenn for always making time for empowering us❤ I always pay more also when I have any debt, I was able to finish my car within short space of 3 years now im busy paying more for my moms house. How I wish people can subscribe n learn from you.

[@JennNxumalo]

Wow imagine finishing a car in 3years you saved so much on interest

[@babalwagunu2561]

@@JennNxumalo so much Sis and another thing that helped me is putting in a deposit

[@Vanity16393]

I am so motivated and I working on repaying my debts and taking control of all my finances. thank you so much.

[@JennNxumalo]

You are so welcome and you’ve got this 🙌🏿🥰💐

[@dorcaslitlhakanyana8280]

"Know your WHY" Thank you Jenn very informative💚💚💖

[@Mr_V974]

Oh once again 👏🏾👏🏾👌🏾 this such a good show with very useful tips. Please include subtitles below the main title. Thanks, bravo!!

[@JennNxumalo]

Thank you, I keep asking how do I do that. That way I can do it. I keep thinking you mean time stamps. I can only add the on the discription box sometimes KZbin will pick them up and include them as the video is playing. This would be easier if I was uploading from a laptop but I dont. If this is not what you mean I am confused.

[@lehumasalumocheko7106]

Signing in to the plan …. Can’t wait for the next video ❤❤❤❤❤❤❤❤

[@JennNxumalo]

Love that 🥰❤️🙌🏿

[@sithabisomthethwa7383]

Yooh this is coming at the right time for me and its giving directions towards my starting point. Thank you

[@JennNxumalo]

That is the nice part of information, it comes to us when we need it 🙌🏿

[@sithabisomthethwa7383]

Thank you Jenn even your video for today stamps exactly what I did during the weekend. Iam determined, I hope I will focus.

[@celesam5468]

Clear, simple practical examples 👏🏾👏🏾❤️

[@JennNxumalo]

Glad you think so!🙌🏿🥰

[@shirleymoreki9685]

I can attest that paying more in the loan does help you not pay more on interest.meaning more money to you and not the bank...Savings rescues us,it is not depriving yourself.Thank you Jenn,your videos are helping and i too can say a day without you is not a complete day.God bless you

[@NdyebokaziNongogo]

Thank you Jenn you are a Blessing ❤

[@JennNxumalo]

Much appreciated as always 🥰

[@fillisamartin8379]

I'm in love with you and your videos ❤

[@qaqamba6319]

Thank you Jenn, we appreciate this enlightening content❤😊

[@JennNxumalo]

You are so welcome!🤗 💐

[@andilelondekandlela9811]

Thank you so much very informative ❤❤. Fingers crossed want to finish paying mine in February

[@JennNxumalo]

With persistence you will 🥰

[@faiththlela7164]

Thanks Jen for all the info💓

[@JennNxumalo]

Any time!🥰💐

[@pamelapammaseko4313]

Hmm not quite,Guys! restructuring a loan &asking for a shorter period =higher installment means that u are paying way higher interests. Rather take the longest term on your loan(which means lesser interest) and ask for an account number where u can make additional payments monthly. This extra payment towards the loan means you are attacking the balance straight and the bank cannot put interest on that extra payments you make towards the loan.

[@JennNxumalo]

I beg to disagree on that part of interest. Interest on a debt is not charged based on the term, if you have a good credit score you stand a far better chance of getting charged a reasonable interest rate. When your credit score is low they interest charged on your debt will be higher, why? The reason is that a credit score is a reflection of how well you pay your creditors. So if your score is low the bank will charge you a higher interest because they want to get all the money fast just incase you default. So back to your comment, asking to shorten the term and pay more does not mean you pay more interest because interest is added every month as you pay for your debt not when you take out a debt. So when you pay more for a shorter period of time you limit the amount of interest you are likely to pay. When I restructured my loan, I moved from an interest of 17.5% to 12.5%. This was largely because of my credit score. That is why on the video I emphasised making sure your credit score is good because doing this because the ideal situation we are looking for is to get a lower interest rate that what we started with. If you can’t get a lower rate that it’s not wise to do this. I must emphasise this, interest charged on a debt is not dependent on duration. How long you pay the debts determines how much interest you will pay at the end. Maybe I should do a video about this.

[@Lumlum17]

Thank u Sana ❤❤ u always motivate me and improve my finance

[@JennNxumalo]

My pleasure 😊🥰

[@polokontamehlo]

Hey Sis❤ Haven't commented inam a while. I love all the lessons but as an unemployed mom i have anxiety during month end cause I'm thinking if i was earning something id be doing this or that. Thank you so much for always teaching us❤

[@JennNxumalo]

By the time you are employed you will be far more equipped to do these things 🥰❤️

[@nokwazishezi7580]

You are so practical Jen thank you babes ❤ I just want to get better on my savings and that emergency Funds because I am failing dismally 💔💔💔

[@JennNxumalo]

You need to truly evaluate why you are failing to save. You not being able to save is a symptom to a deeper problem. Once you understand the problem then the symptom will go away. Take time to figure out why you are unable to save.

[@vuyimkhwanazi6089]

I have been waiting since 9 am😂😂😂❤❤❤

[@JennNxumalo]

😅🥰 imagine 💐💐💐here are your flowers.

[@zandilemkhonta9887]

Thanks so much Jen This is so helpful 🙏 Do I go to the bank and ask for a repayment plan or I can just go to my bank App & make the changes myself...

[@JennNxumalo]

You create one yourself based on your current debts. Remember you already have a payment plan with a bank when they offered you the credit. But if you want to pay off debt fast then you create your own based on your affordability.

[@Ladylee942]

I like ur story and you make sense. But i think the thought of all our hard work in 12 months, when it comes to bonuses you just want to spoil your self,and then on the other hand ,that hard earned bonus goes to ur debt. Still heartbreaking though...eish i need to really have will power to do this myself...

[@anelisacingo3939]

Currently owing 174k yuuuuu hoping next year I will be done with it.

[@JennNxumalo]

It’s possible to pay it off, not sure how long it would take you as this is largely dependent on how much you are paying on the loan (additional amount).

[@anelisacingo3939]

@@JennNxumalo it will be done with every money that gets into my account I make it a point to transfer 10% of it into the loan no matter how much the amount is if R100 gets into my account without a doubt R10 will be transferred into the loan account, hopefully it will make sense one day currently at R173 534 now🥴

[@mohlatlhegomphasha5983]

❤❤hi Jenn,thanks again

[@JennNxumalo]

You are so welcome!❤️

[@victorianameneverner8922]

Thank you very much Jenn

[@JennNxumalo]

Thank you 🤩 💐

[@Syamthembu5]

Thanks a lot Jenn ❤

[@JennNxumalo]

You're so welcome! 🙌🏿

[@tshephogaborone7745]

Thanks Jen ❤❤

[@JennNxumalo]

My pleasure 🥰

[@helenbezuidenhoudt2035]

Hi Jen I want you to advise on this loans like from old mutual, letsego etc. how to pay it off faster as they are deducting for instance from your salary please. Thanks

[@JennNxumalo]

I highly recommend watching this follow up video: The fastest way to get out of debt | How to create a debt repayment plan kzbin.info/www/bejne/eae0gJKHp6h6esk

[@Toka_FX]

Signing In 😎

[@JennNxumalo]

Thank you 🙏🏾

[@kimberlybobotha5991]

Informative 😊

[@JennNxumalo]

Glad it was helpful!❤️🥰

[@LifeGuru16]

Would you recommend taking out a longer term on a loan so as to decrease the interest rate and installment. And then pay back double the installment? Because I've noticed the interest rate on personal loans tends to be higher if you take it on a short term.

[@NatashaTasha-t2l]

Hi Jen please help me with my finances because I've been getting paid but in 2 days I don't have money

[@JennNxumalo]

You can send me an email if you would like for join the mentorship program, if you want to pay off debt I have a guide on my website on how go do a debt repayment plan. www.jennifernxumalo.com

[@mphomoahloli9175]

Thank you 💕

[@JennNxumalo]

You’re welcome 😊

[@thandomanqele6019]

Great minds think's are like 🙏🏼

[@andriesmaila4566]

So basically this video is for ppl who are financially balanced

[@faith5703]

I'm guilty as charged for being a big spender😢

[@JennNxumalo]

There is nothing wrong about being a spender so long as you are spending your money and not spending recklessly.

[@anitamnge4623]

🌸

[@JennNxumalo]

🥰❤️

[@qinisosibanda2772]

Hie Jenn

[@JennNxumalo]

Hello sana 🥰💐

[@kedibonencongwane6361]

❤❤❤

[@sutushome748]

❤❤❤❤❤❤❤❤

[@JennNxumalo]

❤️❤️🥰❤️

[@presh2011y]

❤❤

[@JennNxumalo]

🥰🙌🏿

[@zena3413]

❤

[@JennNxumalo]

🥰❤️

[@zena3413]

❤

[@JennNxumalo]

🥰❤️

[@ngweka_zenhle]

❤❤❤❤

[@JennNxumalo]

🥰❤️🙌🏿

[@preciouszinhle1868]

❤❤❤❤

[@JennNxumalo]

🥰💐❤️