Tips On How To Master Your Debt And Pay It Off Quickly!

[@FullHeartMommy]

This video is like confirmation for me! I wrote down all my debts at the beginning of this year smallest to largest with interest rate beside each. Whew that was ugly! I made it through though. I am using the snowball method. I’m gonna pay off my first small debt this Friday and I CANNOT WAIT. Love this video Bola! Thank you.

[@SuthrnBella1980]

Bola, I thank God for you and the creation of Clever Girl Finance. This program is a movement for women. I recommend it to everyone, but you have to be ready. I am crushing my debt thanks to the realm you have created for women coming together on this journey.

[@ajbee4706]

"Credit is a means to buy debt." That statement really resonated with me! What a powerful reality check. Thanks, Bola!

[@SuthrnBella1980]

AJ Blackwell the Clever Girl Facebook group for members is awesome. It’s a no judge zone of women only taking this journey. If your not a member definitely consider it.

[@MsSassyMT]

Right! Such a simple statement but so powerful as well.

[@msbarbhenry]

brianna jones Hi do you think this person still offers their services? I’m interested and would like to contact them to get some help with my credit.

[@Ellepridgen]

Saaaame

[@DevonHorace]

Love how you touched on the strategic approach to paying on the principle. YOU ONLY GET CHARGED INTEREST ON THE REMAINING BALANCE. Thank you for sharing!

[@laurarodriguez2169]

What is the best option to pay credit cards? 1- the one with the highest amount, 2- the one with the highest interest, 3- the one with the lowest amount, 4- the one with higest porcentage ration in relation to the credit limit.

[@aysmith1972]

Thanks for the motivation, we just started and all I want to do is get more education on ways to stay motivated and pay off debt! 1000 n emergency fund check 2330. N debt gone lots more to go, but motivated!

[@Alarke]

Thank you, Bola! I’m so grateful I found you. Cheers to everyone else here who’s aiming to get out of debt. We can do it!

[@widlyneraymond5047]

So glad you mentioned Dave Ramsey, listening to him I managed to paid off over $10,000 of collection. I’m working On paying off my car loan. Single mom of four if I can do it anybody else can. The sacrifices is all worth it.

[@syreetarodriguez2699]

Thank you for this platform. You've provided me with so much meaningful information. This weekend I paid off one card and cut up the card of another with a high interest rate. Sheeeesh had no clue it was that high. I am working towards paying off that now

[@veenation5090]

I came across this channel, and only the most high knew how much I needed to watch this. Very helpful

[@Clevergirlfinance]

So glad you are here!!

[@lornamokgatla1460]

Bola You came at the right in my life ..I made this decision to clean my house this year .. Thank you

[@Clevergirlfinance]

Yay thanks for tuning in!!

[@karud0640]

Thank you for this video! This information is very helpful. I will post my WHY throughout my budget tracking binder, in my car, and at work.

[@thecassandraf]

Bola this is wonderful! Thank you so much for these tips. I appreciate all that you have taught me about managing money and how I make my money decisions.

[@kimberlycoltrainrsrccr2626]

@ 27:00 I will say, that if you have a vehicle that is costing you more in repairs then the value of the vehicle, meaning not just oil changes and tires, but major things, ie motor mounts, transmission issues, etc, then it would be worth it to look into a vehicle with as low a payment as possible and as low an interest rate as possible where you're not paying for the repairs but just regular maintenance and a payment, it will be less than if you were paying for a payment and for a repair and for maintenance combined. My case was that I had a car that had not been maintained throughout the marriage. So when I left, I had a $250 car payment, which was manageable, but I was paying $300 a month in repairs, and that wasn't even maintenance. I'm talking major repairs. So what I did was I looked around and did my research on good long-running reliable cars that had a great reputation and low maintenance and that could handle my children and all the things I was now responsible for solely. I ended up with a 2-year-old Toyota hatchback, that was still under warranty, that was only $100 more than the previous car, but did not give me any major maintenance issues for the next 10 years. That car wound up going to my youngest child until she went on to college. I was able to take that $300 extra repair cost and throw it at debt that I was able to pay off and also save up for a down payment on our home and move us out of our rental. I was able to do this within a 2-year time period on less than 32000 a year as the sole income. I did not include the child support in my income for the house because I knew that it would not last. And I opted not to accept spousal support for personal reasons.

[@karencurry2864]

Veteran women and men can be real estate tax free. Must fill out the proper paperwork or computer work and receive the tax exempt paperwork. It is a God send when it comes to purchasing a home or business. It saves tons of money when you don't have to pay real estate taxes.

[@Chiblie7]

Thank You! I have a debt repayment. Your blogs are my motivating me to stay on track.

[@MercedesChetuya]

Another podcast I love is His & Her Money. 💚

[@syreetarodriguez2699]

I paid off the smallest balanced one off and will put the monthly from that towards the one with the highest balance. I have one more card that im paying off as well. IM SO READY TO GET BACK TO BEING DEBT FREE AND RAISE MY CREDIT SCORE. I used to be in the 800's

[@riacriselledelacruz14]

“A little plus a little equals a lot.” Wow.

[@dmills3]

Thank you for another very real video. My greatest takeaway from this video is the need to get aggressive about dealing with my debt.

[@Clevergirlfinance]

So glad it was helpful! Thank you for tuning in!

[@toni-anndoyley7123]

You make a very good point about debt consolidation. A friend of mine had two student loans - one at 29% and the other at 27%. He then consolidated both into one at 47% because the interest rate percentage was ‘overall lower’. As he explained this to us, his friends, after the fact, we asked if he did the math because that’s not how interest and compounding works. Additionally, there were transfer fees. Now, half of his salary goes towards debt repayment. He literally has $5.00 left when he pays his monthly costs and buys food.

[@kp-ye8go]

47% wow!!! Suggest that he gets on a written budget. Cut expensives.

[@Camille-st6mz]

47?!?! Hes lying

[@youcanknowanything8489]

47% is not in any way a reasonable interest rate. It sounds like your friend was scammed into a payday loan type of arrangement because he is not self aware of financial matters.

[@toni-anndoyley7123]

Carla I think you might be right. What I think that they did was put the balance on a credit card whose interest was 47%, and that’s the account that he pays into. Sometimes we should have someone that we can run these things by to see how sound the idea sounds. And he was really a novice about finance, and not keen to learn. I am grateful for channels like hers, which breakdown things simply. I should probably send him this link.

[@toni-anndoyley7123]

Camille I wish that he was, honestly.

[@Sall7776]

God I need you in my life lol, you’re so positive.

[@autobotdiva9268]

These Dave Ramsey tips are relevant everywhere👍

[@leonardclay4804]

Yes absolutely. This method will benefit you later on down the road with a proactive approach.

[@amakaokorocha5992]

i have no debt, cus iam scared of debt, i just need motivation and things to help me start my financial goal this year. Thanks for reaching out

[@choosetoshine2610]

Great info! 3 more debts to go! On my way! Returning to CGF! Love you Bola!

[@kathrynmoore8199]

Thank you for your videos I learn a lot from them

[@christinekadhila9606]

Thank you I just discovered your channel. I'm definitely learning ways to pay off my debt. Thank you for educating me.

[@sherrillbutler4848]

This information is really great , Thanks

[@nerlandetherone8393]

I learned so much from this video thank you 🙏

[@traceyquinsey8894]

Great information that I am sharing with my family much appreciated.

[@Clevergirlfinance]

Thanks so much!

[@dinisibiya7493]

wish your information can be shared in Schools for our kids and generations..thank you .

[@therealmccoy5670]

Amazing advice thank you so much.

[@lesliecarnes8775]

Love your channel!

[@sherribooker1507]

Thank you for sharing such valuable info❤️

[@barbarapierre-louis2606]

Thank you for everything

[@BrokeGirlRehab]

Great information! I really miss the web app, ReadyForZero - Even though they set you up to pay off with the highest interest, their designs and notifications made it seem like you were getting those small wins

[@jacquelinestephens5387]

Great advice Thank you so much. love your show!

[@boldbeautiful4725]

Great advice,thank you!

[@Livinlifeforleo]

Great video! Love your talking points about credit!!

[@sharonphillips5282]

You’ve answer all my questions! Thank you so very much!

[@savvyfunfinance7474]

Such great info Bola.... Thanks for sharing!

[@glowingmyway]

I have 1 credit card at a $1K balance but I want to save up $1K in an emergency fund first. I have heard that its better to save the 1K because if an emergency comes and I am not prepared I will more than likely end up in debt again without the cash on hand. I have been making the min payment but when i get my taxes i will pay it off.

[@MsBernie4U]

I would suggest you pay off the credit card balance and then save for your emergency, if an emergency arises you will have the credit card to cover those costs. Remember credit cards are charging anywhere from 6%-24% in interest compared to the less than 1% the banks are giving for savings accounts. If you hold off paying off the credit card you will be essentially paying more for that $1K. Just my opinion and hope this helps. Good luck.

[@ashleym6765]

Pay off the debt first if possible due to interest rates....

[@SxyGrl44]

You’re right. Save the $1,000.00 for emergency first and then pay off the credit card. Still make the minimum payment while saving for your emergency Fund. You don’t want to use your credit card and create more debt while trying to get out of debt.

[@MsSassyMT]

Definitely save the $1K first.

[@fatiic4841]

HONEY! YOU NEED AN EMERGENCY FUND FIRST!

[@meljhakeet801]

Thank you so much Bola....

[@Clevergirlfinance]

Most welcome!

[@virtuous__woman7]

Loved this information! Thank you 🙂

[@sofondadavis5028]

I love how YNAB teaches you to responsibly use credit cards. Also paying down debt will be more helpful when you learn how to not get back into debt.

[@bekaogoro7071]

Thank you

[@MsKelly-sy7vc]

Thank you for doing all this your amazing!!!!!

[@leanneg9388]

This is fantastic! Thank you!!

[@Clevergirlfinance]

You're so welcome!

[@jennievickers9883]

Thank you so much.

[@donnal296]

What were the podcast you mentioned? Great video by the way

[@Camille-st6mz]

Dave Ramsey and HisandHermoney

[@Ohitsjustjenny]

This just remotivated me!!! Thank you Bola!

[@choosetoshine2610]

Yes! Bola! Love this video!

[@adellsuah5125]

Thanks Bola,

[@KernyuyRosaline]

I have not been able to pay of my debt cause I got a lot of responsibilities as a single mom with very low income😢

[@Clevergirlfinance]

Plese check out these articles on our site. You may find it useful as a single mom. Don't give up. www.clevergirlfinance.com/single-mom-struggles/

[@lmua8628]

Great video

[@tripletsgirl]

I’m 21 but I don’t want no debt I choose to go to community college so I can basically get my bachelors for” free “ but I was thinking about buying a car with a loan but I don’t know where to start ?

[@sofondadavis5028]

Watch KZbin videos on buying a car. Talk with as many people to hear their ideas. Then take what works for you and run with it. Study and examine everything. Also don't jump too quickly.

[@nurseish882]

Thank you.. New follower

[@stephanieennals8649]

How to build up your credit score ?

[@stuartspenceshebish]

Great video!!

[@darlenehoward226]

If you have personal loans, can you ask the lender to put extra payments towards principal only? Will they do something like that? Thanks

[@Clevergirlfinance]

Yes you absolutely can! Many times its on option on your online account or you can call to make sure

[@jackieduplessy1459]

Do you suggest not paying the cards and take all payments to pay one debt at a time instead of paying the min? I recently decide to get out of debt I'm curious to hear what you have to say.. thanks

[@tazgurl120]

j duplessy you should always continue to at least pay the min payment to all your debts. If you have extra cash to contribute to debt ( in the snow ball) put all into the smallest balance in order to try to pay it off quicker until paid off. Then once smallest debt is paid off, add all extra cash payment to next smallest debt. You do this while making all min payment to all your debts first. I hope this help. Good luck!

[@portiawebb533]

🤗💛🙌🏽. Love you, Bola, thank you!!!

[@JaieKeller]

Hi Bola, I'm using the snowball method to pay off old student debt. Thank you for that too on designating where I want my payment to go. I'm calling them and going online to check that button. I'm going hard and aggressive I've had quick wins.

[@sonthiacoleman]

Where can I get that free credit report??

[@sairathealchemist]

Sonthia Coleman creditkarma.com

[@CapriceClassic05]

Annualcreditreport.com

[@alstreetrapbeatprofessiona4659]

Think you for your help. You are so Beautiful!

[@gaylemartin3094]

Not clear on where you said we can get a free credit report.

[@barbarabrown8069]

Hi question about the credit card that has rewards is it worth it

[@tombell7455]

OMG!!! Bola, you are very beautiful. 😍😘❤️

[@hardcore6435]

just no that there are two type of debt, and how this tool called debt is used

[@birgitelisabeth6151]

Instead of calling it a credit card we should call it a debt or Debt Increase Card.

[@stephanierose7079]

Is that a bajan accent i hear?