The budgeting method I used to pay off $73,000 of debt

[@Raymondjohn2]

40 now, and everything is paid for. Fortunately, I had a college economics teacher who taught me a lesson when I was 18 years old. That lesson was: you can't buy something else for every purchase you make. Having multiple sources of income is prudent, as is living within your means. I have a 13-year-old vehicle because it is all I need, I like it, and I can do whatever I want with it. My net worth is $4 million, and I can pay my bills without stress, but I don't live like I have that. I have no complaints.

[@kenanporubsky2122]

40 now, and everything is paid for. Fortunately, I had a college economics teacher who taught me a lesson when I was 18 years old. That lesson was: you can't buy something else for every purchase you make. Having multiple sources of income is prudent, as is living within your means. I have a 13-year-old vehicle because it is all I need, I like it, and I can do whatever I want with it. My net worth is $4 million, and I can pay my bills without stress, but I don't live like I have that. I have no complaints.

[@martingiavarini]

Vey accurate from your POV, It really isn’t about how much you save, it’s about how you manage your money. Whether you work to earn income or invest, it still boils down to income vs expenses, so yeah you may look into investment advisors for a strategy that suits your goals

[@hermanramos7092]

wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.

[@martingiavarini]

Catherine Morrison Evans’ is my portfolio-coach, I found her on Bloomberg where she was featured, I looked up her name on the internet. Fortunately I came across her site and reached out to her, you can verify her yourself.

[@hermanramos7092]

Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

[@_Renee2]

Starting this journey and day one I was able to save $1700. Budgeting is not my strongest suit but, I am working to change that.

[@SydRichi]

That’s what’s up! You’re doing great work

[@samanthacurtis9497]

Great video. So easy to follow! About to begin my debt payoff as a single mom!

[@Thrivegrl24]

This video is literally GOD SENT . A 3 day eviction notice brought me here. Although I did not get evicted I said this can never happen again. Unlike you I don’t feel sunshine and rainbows crunching numbers. But it is necessary to not live paycheck to paycheck and having a healthy relationship with money. Thank you so much for making this so simple and relatable . I see you take on the Dave Ramsey approach to finances which has kept me on track in past and I returning to it from this year forward. Thanks again !

[@SydRichi]

Oh, wow. Thank you for sharing your story. I'm glad the eviction didn't happen and that this video is helping in some way. Wishing you much success for this year!

[@marianaagudelo8688]

Everything will be okay!! Just breathe and sit down and take it one step at a time!!!

[@HS-gt1qf]

Bless you

[@lisadearing5960]

It’s a year later, hoping you are still on track! 🙂

[@Thrivegrl24]

@@lisadearing5960 AND is going to do my budget today actually .🙂

[@ayeshagurung9525]

I can’t believe a budget tutorial would make me so emotional. I finally feel like I have some hope and I can one day be financially free. I love what you are doing and am sending you the best wishes and good karma to u ❤

[@SydRichi]

Wishing you the best along your financial journey. Once you make a good budget you can be consistent with, things become easier!

[@AutomotiveAnatomy]

You are not the only one that likes budgeting. It is fun!

[@goinsvirginia]

Budgeting is awesome. Able to Save an pay myself 1st. Very Empowerin. Regret not learning yrs ago tho.

[@carlarich4864]

Thank you so much for sharing..was just praying for wisdom on zeroing out all debt 2023 and God answered in less than an hour you popped up on my KZbin thread!! Blessings to you!

[@AmberU]

I feel so crazy that I didn’t run into your page sooner! Im older than you for sure and your out here saving lives and finances! Im not a budgeter and nor a math wiz so i have found it very difficult to utilize budgets where i have to do the math but this makes sense im gonna try !

[@AnimeFreak792]

THANK YOU! I subscribed just because you mentioned that website! That is a God send!! I have been killing myself trying to find templates of planners and budgeting templates (for free), and that site has everything! Thank you!

[@nshimirimanaaline8177]

Girl, thank you!!! I’ve been praying for financially independence. I woke up this morning and stumbled across this video. I love that it’s so easy to follow! Your heaven sent 😊

[@rnt45t1]

Great work on paying off that debt! Take a lot of discipline, dedication, and tenacity. Absolutely killer numbers! Way to go!

[@kye6381]

I’ve been on budget KZbin for some time now and this is by far the best explanation of zero based budgeting! Thank you sooo much!

[@SydRichi]

Glad it was helpful!

[@jacentwamala]

It's so good right. There are so many explanations but as a visual person this was particularly helpful to see.

[@happyeverlaughter]

Thank you soo much! This was randomly suggested to me by KZbin at a time I’m looking into paying off my debts. The debt calculator is truly God sent 🙏🏾

[@Inspiredbyfrodeje]

Thank you very helpful I will be sure to download this and share this info . Goal is to be financially free + debt free! It’s so inspiring and almost unbelievable that you paid off 73k in 2years 🎉!! Like what!!! My debt is under 20k so if you can do it I can do it ! I pray everyone that sees in this comment is Debt free + financially free all 2024 + 2025!! Like this to wish me prayers & good vibes to my road to debt free ❤

[@goldfish3858]

same!! Big mistake i made but I’m trying to crush it, and I’m just incredibly grateful I haven’t missed anything

[@tyddavis87]

I love budgeting and spreadsheets. I was great at budgeting but I depression spend, unfortunately. I’ve had two not great moments over the last two years and my debt and savings took a big hit. I’m excited to get back on track.

[@SydRichi]

Life happens! Wishing you success on the journey this year.

[@tyddavis87]

@@SydRichi thank you so much ❤️

[@richardrodriguez5359]

Girl same. But we are getting back on track. And that’s all that matters

[@tyddavis87]

@@richardrodriguez5359 One day, one week, one month at a time ❤️

[@dntgiveaf2876]

I’m here because I’m in trouble and I make too much money to be in this kind of trouble.

[@OlgarVMotaung]

What matters is seeing where the problem and acknowledgement

[@AdonisRomeoLove]

I’m looking at this comment and feeling the exact same way…. This hit home

[@GoshTasha]

Thanks for sending me to a site for free templates that are very useful for my situation. The last thing I wanna do is spend $1 on templates to help me start budgeting and get me out of debt, I'm about $11k in debt rn but with this helpful video I plan on getting out of it 1yr from now, thank you 😊

[@martyedgar4677]

Thanks for increasing my knowledge in personal finance and investment, I recently subscribed to your channel. I want to give a big shout-out to all those working tirelessly to earn a living and build wealth during this recession. My husband and I are both retired and debt-free, and we're living smart and frugal with our money. Despite the recession, we're still earning passive income thanks to our savings and investments in the financial market. Investing lifestyle has enabled us to earn a steady monthly income through passive means, and we're grateful for it;

[@whitneyhouston6888]

Congratulations on your early retirement, Interesting indeed! Currently, I am in dire need of investment advice or tips. Last year, I hesitated and failed to take any action until the year concluded. However, this year, I am determined to try something new, as I am very receptive to various investment ideas.

[@martyedgar4677]

@@whitneyhouston6888 No problem at all! If you're seeking to earn substantial profits from your investment, I would suggest determining your investment horizon and implementing a long-term plan. I worked with Claire Martha Magalhaes to create a long-term investment strategy, and she assisted me in managing my investments while I focused on my job without any concerns.

[@whitneyhouston6888]

@@martyedgar4677 Thank you for your advice. It's challenging to find a reliable investment advisor, and I appreciate your input. Seeing the successes you've achieved through investing, I would love to have access to your investment advisor's information if you wouldn't mind sharing it.

[@martyedgar4677]

@@whitneyhouston6888 I work with *CLAIRE MARTHA MAGALHAES* ,who is based in the United States. If you would like more information about her, you can conduct a search online.

[@marinascholz9963]

Working with a skilled financial planner can be compared to having a mentor in the field of finance. I used to struggle to invest on my own and ended up losing money, but things changed once I started working with Claire Martha Magalhaes. She played a pivotal role in helping me improve my financial situation. Previously, I relied solely on my job and salary for income, but now I have found ways to generate additional income with ease, which has allowed me to leave traditional employment. Nowadays, I believe that investing is not a choice, but a necessity for anyone who desires financial independence and a good quality of life.

[@devilshorses]

The vertex debt sheet has additional tabs that actually show the debt snowball method and progress payments for you. You don't have to update the sheet just highlight the payments you made and it will give you a tentative payoff date

[@SydRichi]

That's true. I didn't like using those other tabs and found updating the main page to be my favorite approach.

[@marinaridley4186]

Well presented and extremely beneficial for any of us needing to get a reign on their finances. Most financial debt stems from actual financial awareness. These forms can bring that to light and make us all financially stable. It’s a great tool and you’re a great teacher. I’ve never said this before to any KZbinr so I deeply mean this. I will refer your channel to my credit union members. You are treasure.

[@deograsiamgaya3256]

Thank you for the great video, i will try this method. My debts are eating me am not happy with my life anymore. Thank you thank you. Be blessed for sharing 🙏

[@11kobiora]

This video has been SOO helpful! I've never created a budget before (I fall into the category of someone who makes enough and never saw the need to budget since I was never lacking) but this has really been so helpful. Thank you!

[@mariaciupac3522]

I am so happy to find your acc . You mindset lifestyle education about money is what we need. Thank you for everything you do ❤️🙏

[@THE_OFFICIAL_DARKMASTER07]

Girl thank you!!! I’m so glad the KZbin Algorithms brought me here!!! Like I’ve been wanting to budget but it just comes & goes! This is such a great guide!!! Thank you!!! And congrats on getting out of that debt!!! If you can do it, anyone can!! 🥳

[@chanteholliday5083]

I could not love this any more. You took a very important topic and simplified it to where anyone can apply the simple steps and see success. Thank you.

[@Msgoody2]

I clicked instantly because she resembles Lisa Bonét. ❤ Great info.

[@jbone79]

Budgeting becomes much more challenging when you are in sales/commissioned and your income fluctuates all the time.

[@abee9860]

I’m only 2 min into the video & you dropped a few gems already! Thank you!

[@michelleallure8642]

This website with these templates are a game CHANGER for me! I have apps and all kinds of stuff for budgeting and expense keeping( I too enjoy budgeting and seeing where my money is coming from and going 😂) but none I am actually able to update and interact with like this one. THANK YOU !

[@kendall5748]

Wow, you speak my language! Best video on keeping a budget I’ve seen. I can’t wait to dig into vertex 42. I make my own spreadsheets and am excited to see what kind of spreadsheets I can find.

[@fazeenawu7305]

You are awesome! you've turned a very stressful day to almost perfection. Thank you and may god bless you for taking the time to share this information.

[@VoiceMonet]

I've been doing this by hand for the last two years... I really appreciate you! ;)

[@carmellabrown3335]

Thank you for getting us hip to Vertex 42. I enjoyed this video!

[@gamevies9254]

This video doesn't have enough views! Excellent advice!

[@SydRichi]

So glad you enjoyed it!

[@lboogie1207]

I’m here for it!! Can’t wait to get to the end of the video to feel good about myself and finances

[@noname-yx9gm]

Thank you so much for the info, I love following along with debt pay offs but that site with the free templates is a god send too.

[@willielee5253]

@min. 8:51. pay off debts, God always direct those that tithe to do the right thing for themselves when you consider Him in your money translations.

[@NikeAdeO]

Was pretty impressed with hearing that..... Honestly once you start, you won't miss the money

[@icharlene]

Thank you so much for this! I’m trying to be more financially responsible this year. I’ve always had a difficulty with budgeting but you made it so easy and simple to do!

[@thatchickzsa]

Super informative and much better than my diy excel. Thanks🎉

[@Jetaun8102]

Thank you so much! This will be so helpful! My weight loss Journey in 1 year I have lost 70 pounds! With your help on my financial Journey I plan to be successful close to being debt free with your information! I do not make enough money currently by using this way of budgeting so I am going to sell some things and see if I can at least get within my means! Thank you so so much!!

[@antoinettekankindi6807]

Thank you for this simpler approach to budgeting. I have been watching several, this is closer to what I would need to do.

[@American_Flick]

Great explanation of some really useful tools. Thank you!

[@MoniqueMichelle777]

Great video!! I’ve never been able to stick to my budget but having a zero budget worksheet maybe what I need. TFS!!

[@giselaguerrero4646]

Thank you so much ! This was a life savor 🥺 I recently caught myself in some debt

[@silverpenn3809]

Wow! The idea of zero based budget has blown me away. All the money is doing something, it needs to go somewhere. I have a small salary but manage to have around 700 after I've paid for all necessities. That money is not budgeted though 🤦. Thanks for sharing great advice ❤️ SP from Sweden.

[@adoebeatz]

This video was randomly suggested to me on KZbin and I’m 💯 here for it! Thanks for all the tips and tricks! God bless you 🙏🏿

[@drkwoods1310]

Your explanation of the whole process was very easy to understand.

[@zoeseden4911]

Extremely detailed video. New subscriber for sure! I love how you gave descriptive detail in the beginning but then followed it up with actual documents. Great content! Thanks!

[@SydRichi]

Thank you for watching!! So glad you enjoyed it!

[@latoyachambliss1145]

This is right on time! Thank you so much.

[@emiliadejesus947]

Thank you so much for this video!!! I’m definitely using this to help me Pay off my debt and feel better with my money

[@jduclervil]

This was beautiful- from the communication, the examples, and the execution. Thank You for this

[@SydRichi]

That’s so kind-thank you!

[@LouiseCrysi]

This is great! It’s simple and not overwhelming. You have a new follower and look forward to other videos

[@Cocacabanabudgets]

Thank u fir sharing these spreadsheets- I downloaded and began to fill out 😊

[@ashlinychole]

Wow such a great video, I literally walked through it with you and got everything set up. I feel empowered now to tackle my debt and spending and not afraid !! Thank you !

[@SydRichi]

You got this! Glad I could help!

[@chrissyj8520]

Thank you for your explanation of this process. 😊

[@jifunzekiingerezanadorothy]

Amazing video

[@stefflores]

Love Vertex spreadsheets!

[@LaTinaArtiste]

I love this! If you don’t mind, can you show your actual budget? I want to see a more realistic version.

[@MONEYM723]

thank you so much for this! I always create my own budget and formulas through excel but the fact there are already ones made is heaven! using these worksheets all 2023!!!! thank you so much girl! love the zero method

[@stefvi]

Awesome job explaining how to budget 👏🏻👏🏻👏🏻

[@lozerluna]

Just here because I loveeee your voice! And because my life is a mess ❤

[@thisisHowHedidit]

This video is AMAZING!! Thank you for taking time out of you LIFE to share this most valuable information. I've been wanting and NEEDING to create a budget, especially while going through my divorce. With this one income source, It's so important to get out of debt and stop being in the RED every month, constantly trying to figure out where XYZ is gonna come from to take care of ABC!!! I'm in the process of applying for addition employment, so including this income will ease a lot of my anxiety, not to mention, I'll be able to CLEARLY see what I have each month! Thanks again and many blessings to you...💝💝💝💝🙏🏾🙏🏾🙏🏾🙏🏾

[@nosirrahm]

You missed a lot of the power of the debt snowball spreadsheet. The only thing I modify on the sheet is, after the debt is paid off I tally all my payments and modify the original starting amount (principal + interest). This is because the interest calculation is not perfect for revolving credit lines due to days of month etc. (it works perfectly for a static debt like mortgage). You can use the schedule tab to see how much faster you can pay off if you can add a little more to your snowball that month. I hope users make more use of the spreadsheet.

[@justhereyeah1112]

Excited already, thank you!!

[@camillepierce9548]

This was so helpful! I’m so glad I found your channel.

[@classydenisha]

Very helpful!! Thanks for the step by step instructions.

[@ebomim]

Very helpful! Thank You!

[@samuelgitau5352]

love this video, i feel like this method is what i need

[@FreeSoul929]

Amazing Video!! Thanks so much, girl. Getting us ready for 2023!🎉

[@SydRichi]

You’re welcome! I love starting off a new year with a fresh budget

[@atashajordan]

great video! I do a lot of what you do, but still enjoyed hearing your rationale.

[@ashaterry83]

Thanks so much for this video. Very informative. Learned so much that will be so impactful on my journey this year!! Appreciate your time!

[@bm11775]

Thank you I just stumbled onto your channel and I’m interested in paying off my desk and get them paid off by within the next year and a half including this year start in January 20 so I thank you very much for this. God bless you because I know I was talking to God about getting out of debt this year.

[@ActuallyItsDre]

I can’t thank you enough for this step by step video. I plan on implementing these strategies when I get my next paycheck. I like the zero based budget as well.

[@cole3495]

Thanks for this video great resources provided.

[@4EVABLESSED7]

Love this!! I am going to use this as I continue on my debt-freedom journey!! Thank you for sharing!

[@brentonm.newbon9237]

@syd you are on another level!

[@becki_plans8193]

Thank you so much for posting this. It is super helpful.

[@natrualb10]

Love this! Thank you for sharing, Syd!! ❤

[@sandrad3346]

Thank you so much for the budget spreadsheet suggestion. I don't have a lot of debt, but I found it useful to see where all my money goes each month. 😊

[@samirahh4229]

I know we’re talking about finances right now but I would just like to say I really like your couch lol

[@SydRichi]

😂Thank you!

[@remimillz211]

This was so helpful!!!

[@c.parker8439]

Great video. Good luck

[@biancaleon321]

I think there is a disconnect in budgeting on paper versus reality. I’ll think there is a certain budget for something but when I swipe a card or purchase online, it can be easy to think you’re on budget until the end of the month. I am removing my credit card from Amazon and linking my debit card. I also have a card only used for groceries. Do you have any other similar tips to bridge the gap of what technically works on paper and how to apply that in real life?

[@SydRichi]

I try to minimize any disconnect as much as possible and make the budget reflect real life habits while also working toward money goals. After every purchase we make, the budget is updated to see where that category stands: Overspending in that area? Underspending? Depending on that, I'll adjust the budget--we can probably underspend somewhere else to help. I update/check the budget pretty often throughout a month. I'm also a huge fan of credit cards! I treat them like debit cards, so that helps with my spending behavior when using them.

[@benjiiwoo]

I need you in my life 🙏🏾

[@laminage]

Good for you Syd. Another fellow known as Caleb helps folks in their 20's budget and when he sees the mess they are in it is so heartbreaking. They have Student Loan Debts, Max Out Credit Cards, spend more than they make, want to keep up with the Joneses. For me I buy what I "Need" not what I "Want'. My only weakness is Dollar Type Stores or Amazon but I never spend if I don't have it

[@KittyKat-vb1nd]

That's an American dilemma which I have never understood.

[@itzjustkay1972]

New subscriber here, love your content. What better way to start off the New Year! Thank you.

[@SydRichi]

Thank you for joining the journey!

[@K.A.Ralph334]

This was great, thank you so much for the help 🙏🏾

[@affirmationswithamber]

This video is extremely helpful! This is a new template for me. But I’m definitely using this for 2023

[@MiamiWealthGroup]

Syd great tutorial thanks

[@imanimonroe3637]

thank you for sharing! this was a great video... very clear!

[@Jiminsboost]

Thank you so much for this video ❤ it was so helpful

[@jacentwamala]

This is amazing! Thanks for sharing such an in depth explanation. Though I have been budgeting for some time, there is always something new to learn. Also congrats on paying your debt down.

[@SydRichi]

Thank you!

[@jacentwamala]

@@SydRichi you’re welcome

[@ElleSeven-l3q]

V42 sheets are great!

[@AlbertinaBernice]

This was so good. Thank you for sharing!!

[@relaunchinglife]

This was super helpful!!

[@grayceee3]

I have no one to blame but myself when it comes to my finances. I never was taught. I hate numbers/budgeting. It has been a major inner battle as it goes hand in hand with my family dynamic from when I was young. A diff story. But, I’m tired of feeling overwhelmed, frustrated and anxious when I look at my bank account. As a mom, I may be late, but better late than never. I don’t want to live like this anymore. I’ve started budgeting and it’s helping me see a clearer pic of where I need to cut unnecessary expenses. I’m going to meal prep more. Closing my audio stuff. Library it is. I’m going to buckle down and make it work whether anyone else wants to figure it out. It’s my life and I have to take control. I’m GOING to make and see changes. Consistency. In regards to this video, I like how clear and simple it is. Literally holding your hand from where to find a free excel without signing up. Explaining sections. Explaining reasoning why it’s categorized like that. I appreciate it. Just dumbing it down for an anxious mama.

[@annaa.5863]

Awesome video Syd! Tfs

[@SydRichi]

Thank you!

[@teamo4105]

Thank you so much for these templates!!

[@josie6195]

Yep…I am new subscriber… Great video 💯