Debt Journey using the Avalanche Method

Рет қаралды 491

Penny Pincher Budgets

Күн бұрын

Пікірлер: 45

@cwdoeslife8715 2 ай бұрын

from your list of paid off debt, it shows it's possible. It will be hard but your determined. You got this🙏🙏

@DawnsSunriseBudgeting 2 ай бұрын

I am so glad I found your video, I am going through the same thing. I pay all of my bills on time and try to pay a little more and feel like my balances go up instead of down. January I started the cash budgeting and the snowball method. I am seeing a little light but I know it is going to take a long time. I love watching these videos and realizing I am not the only one and I can do it! The support from this community is amazing and I am learning so much by watching!

@pennysavedisapennyearned 2 ай бұрын

Thank you for the support. I to love these videos. We can only hang in there you know. I chose the Avalanche over snowball due to the interest.

@DawnsSunriseBudgeting 2 ай бұрын

@@pennysavedisapennyearned Looking at my monthly charges I think I may have to start the Avalanche as well. I almost have my first cc paid off then I will re-look everything. I didn't realize (all my fault) how HIGH one of my credit cards interest is. So I really want to start that one!

@pennysavedisapennyearned 2 ай бұрын

@@DawnsSunriseBudgeting yes it takes so much money to pay off the interest. So yes the more you put to it the lower it comes. They depend the interest on your monthly balance so I get that now. I’m so happy you found something that will help you.

@Tina_and_life 2 ай бұрын

Great plan! You can do this!💕🙏🏻

@SimplySaraSaves 2 ай бұрын

You got this! I feel like a lot of us are in this exact same situation! I just know we’re all gonna make it because we’ve learned and we got the willpower now! Keep your head up my friend ❤❤❤

@pennysavedisapennyearned 2 ай бұрын

Thank you 😊

@liciasansalone7258 2 ай бұрын

🙏🏻 you got this.

@stefsonabudget 2 ай бұрын

Hi Penny. I’m can feel your frustration and heartbreak my friend. I love these kind of videos too because I can relate so much to them. I’m here rooting for you Penny. As frustrating as seeing all that interest is consistency is key. It will get better as the balance gets lower. Keep making those payments. Every dollar helps even if it doesn’t feel like it sometimes. I’m all about the debt journey. These videos are hard to film but you’ve got solid plan to meet your goals 💕🌸🙏

@pennysavedisapennyearned 2 ай бұрын

Thank you 😊 I needed that.

@ceci_gee 2 ай бұрын

This new subscriber is cheering you on!! May I recommend that you pay towards the card EVERY paycheck. So the $470 and pay half every check. And if you are lucky enough to have magic months, then you pay more than expected on certain months! Best of luck on your financial journey!! 🙏🏻💰🙏🏻

@pennysavedisapennyearned 2 ай бұрын

Thank you ☺️

@ceci_gee 2 ай бұрын

🙏🏻 Btw, sometimes that ‘anger, disgust, etc’ that you are feeling is the EXACT emotion that takes you to the financial freedom you deserve. 💰💰💰

@pennysavedisapennyearned 2 ай бұрын

🙏🏻

@FoxyFinances 2 ай бұрын

I’m rooting for you! You’ve got this. 🥰

@BudgetWithMrsP 2 ай бұрын

🙏 When I watched this video, my heart hurt for you because I was in your shoes not too long ago. The interest on our many debts ate up all of the progress we were doing to decrease it. Hang in there, eventually, as your balance comes down, more money will come off the Belk balance and less to interest. That’s how credit cards keep you shackled to them. I love your plan to tackle this though and you will be completely DEBT FREE in a very short time. Not many people can say that… pat yourself on the back because you’re doing a fabulous job. If there is anyway for me to help you, please let me know. Do you mind if I share this video? I’d like to help you reach more subscribers if that is ok!?

@pennysavedisapennyearned 2 ай бұрын

Thank you and yes please 🙏🏻 you may share. Love your videos Mrs. P 🥰

@juliespages 2 ай бұрын

You got this Penny. Every extra dollar you can throw at Belk will help, as the balance goes down so will the interest. Maybe look into a 0% credit card that you could transfer the balance to. Keep at it and you will make progress. 🙏💜

@pennysavedisapennyearned 2 ай бұрын

Thank you friend for your support

@LadybugBudgetsAustralia 2 ай бұрын

Looking forward to watching your debt payoff journey 🙂

@pennysavedisapennyearned 2 ай бұрын

Yay! Thank you!

@SitchieSaves 2 ай бұрын

Hang in there. All you can do is the best you can do. 😊

@pennysavedisapennyearned 2 ай бұрын

Thank you 🙏 it’ll all work itself out.

@Pamcatmom 2 ай бұрын

I’m going through the same thing right now. Feels like it’s never ending.

@budgetingbydeenaus 2 ай бұрын

When you pay extra you need to pay it separately and have it paid to principal only and your balance will decrease faster.😊 you will not pay any interest by paying it this way.

@pennysavedisapennyearned 2 ай бұрын

Thank you Deena. So if I made an extra payment the same month it’ll all go to the principal?

@Serena-or7sl 2 ай бұрын

@@pennysavedisapennyearned Ask them if you need to specify something different on the payment info.

@jus4wd 2 ай бұрын

I think you also have to know the closing date each month.

@simplylivingsaves 2 ай бұрын

You can do it girl! I will be here to cheer you on❤

@pennysavedisapennyearned 2 ай бұрын

Thank you so much!!

@SavinWithSam 2 ай бұрын

I’m torn between the avalanche and snowball methods for my debt. I’m kinda doing a combination and hoping for the best 😂 Loved watching your video. I feel for you, the interest can be such a pain.

@pennysavedisapennyearned 2 ай бұрын

Yes it can.

@BudgetsWithELMA 2 ай бұрын

Your video is heartfelt & I am proud of you for making your decision to bring down the balance down faster with avalanche method. I know it is not easy to share your debt, but it's the beginning of everything to tackle it, great debt confession video. Cheering you on!

@pennysavedisapennyearned 2 ай бұрын

Thank you 😊