10 Recommendations to Eliminate Debt & Monthly Payments

[@Killamkit-]

Divorce for almost 2yrs now. My ex leave me nothing to start over after not letting me work for 14 yrs. I have debt so I can survive with my 4 kids. Now I'm working and learning to handle my budget while paying debt. Thank you for sharing us your knowledge. God bless ❤

[@a_la_drinah]

🙏

[@kenlang2154]

Why wouldn't your wife let you work for 14 years? How could she possibly stop you? I don't think anyone can make someone else do/not do something.

[@Spot4art]

Getting out of debt is very essential. STAYING OUT OF DEBT IS EVERYTHING. People reading here or watching and are on the Debt Payoff Wagon…please make it your commitment to STAY out of debt so you never have to do this again. Great video.

[@mariovillalobos276]

This video convinced me to put my aspirations for an Indian vintage motorcycle aside for now and work on eliminating as much debt as i can for now.

[@THEJENNIFERCOOK]

Yes! Then, once you can pay cash for that vintage motorcycle, it will be sooo much sweeter 🤗

[@leylahaddipadilla8624]

In my family in Europe, My mom never had a cc, asked for a loan... I feel like in América they force you to be on debt "in order to build your credit" such a trick to have people on debt so they can buy more things

[@sharonrose3871]

The one of the best apps in Australia that I have found is pocketsmith. Also I am going to toot someone's horn. Scott Pape - The Barefoot Investor. Amazing and clearly is an Aussie Dave Ramsey. I resisted his techniques because I had a very low income, my excuse! oh and the other excuse is I no longer had someone controlling my every ... thing. Husband decided he wanted a divorce right in the worst of the GFC. Booked my ticket and left with 2 suitcases, shipped a few boxes of personal items. I had $600 left to my name. I was pretty raw and it took years to rebuild my life and at one point was very close to homeless. Best thing that has every happened to me and learning to BUDGET without emotional drama lol Now I am 63 years old, I have an emergency fund that will cover me for 12 months of living. I am debt free, rent and utilities are paid up 3 months in advance (there is sneaky little account that covers subscriptions and direct debits that is looking very healthy) the other account is an everyday expenses (eg groceries) that has a budget to it and lastly a splurge account that will cover birthdays, xmas, leisure trips and the occasional event/dining out. I implement my budget everyday and I do not feel deprived at all. I live simply and moderately. Happy days ❤

[@homesteadingwithapurpose9681]

We have been payment/debt free since 1998.

[@marissatindel7073]

You are changing my life.

[@muuhwi]

As a kid, my granddad always used to tell me: „Never spend all your money. There might come a time, where you‘ll really need it (aka an emergency).“ He grew up during WWII and for him it meant the difference between starving or not. I will always remember those stories. And even though I know, not everybody is lucky enough to decide, how they spend their money, this has always helped me. When people around you tend to spend their money for unneccesary things, it helps to stay wirhin your means 😊

[@THEJENNIFERCOOK]

I completely agree with him. That generation can teach us so much. Thank you for sharing this with us! 🤗

[@paulsargeant3764]

Hey Jennifer 👋. I consolidated all my bad debt into an IVA. There is no interest. I just make one payment every month. It will be all clear in 2 years.😊😊

[@THEJENNIFERCOOK]

Fantastic! The finish line is in view 🤗

[@Savannah-ed4rv]

What is an IVA??

[@paulsargeant3764]

@@Savannah-ed4rv An Individual Voluntary Arrangement.

[@nancyockrin7428]

How does one do this? Privately? Credit Union?

[@paulsargeant3764]

@nancyockrin7428 An IVA depends. Are you in the UK? If so, find an IVA provider. Give them all your details about debts & they will contact them & ask if they will accept an IVA. If they all accept, then you will make one manageable payment per month until its paid off

[@jessicatinglov1403]

So after watching this video and hearing you say get a second job to pay off debt, I went and got a second job. The plan is to use that income to pay off mine and my husband's debt.

[@THEJENNIFERCOOK]

Jessica, that is fantastic! It is only for the season of getting out of debt. Keep that in mind. You've got this! 🤗

[@angelwings1]

I’m finally going to start my debt free journey with Dave Ramsey! I feel totally inspired. Just finished one of his books. Will continue to watch your YT to stay inspired & to get tips :)

[@THEJENNIFERCOOK]

I am so excited for you! Hang in there and continue to consume positive information so you stay motivated. You will look up and see the finish line in no time! 🤗

[@angelwings1]

@@THEJENNIFERCOOK thank you! I can only start now that I’ve FINALLY got my husband on board. He seemed to think that debt was normal & it wasn’t a big deal. It’s taken a long time to convince him. He’s been watching DR on KZbin with me :)

[@jessicarogers4581]

I’m so thankful for videos like this to help motive me to keep paying off my debt!

[@THEJENNIFERCOOK]

I am so excited for you! I know you can do this 🤗

[@amandaraethomas637]

I would also recommend Love Your Life Not Theirs. I was able to get the audiobook from the library so it was free. It really changed my way of thinking about a few things. Especially when comparing my life to my sisters. Great resource!

[@angelwings1]

I’ve just finished one of Dave’s books and nearly downloaded Rachel’s book for free, but I wasn’t sure. Is it really helpful?

[@THEJENNIFERCOOK]

Yes! It is an amazing book. I talked about it in #10. Her book "Love Your Life Not Theirs" hits the emotional side of money that so many need to hear. It is also extremely practical. 10 out of 10 recommend!

[@a_la_drinah]

Thx will read

[@maryspiller612]

9⁰9​@@angelwings1

[@caroc8290]

You are absolutely right. I’m working my way out of the whole.

[@THEJENNIFERCOOK]

You can do this! At the end of it, you will feel so accomplished because you got out of that whole... Keep going! 🤗

[@yasmeen6790]

Your are so down to earth - it is truly refreshing!!! Just found your channel by accident and love it 🙂

[@THEJENNIFERCOOK]

Welcome to my channel! Thank you so much for taking the time to stop in and say hi 🤗

[@marclapensee3864]

Well said! The quick wins snowball... To pay off debt❤

[@lorifarina646]

Thank you!

[@JazmineLAMBARCA]

Breaking the daily starbucks habit was very very hard. But I did it 🙌

[@THEJENNIFERCOOK]

Yes!!!! You stayed committed ❤️

[@terriwyatt6880]

I'm in Canada and I use every dollar and I love it.

[@tinayoung2543]

Great info..there's no better feeling than being debt free ❤

[@THEJENNIFERCOOK]

🤗

[@paulsargeant3764]

Great 👍🏾 👌

[@KelleyDavis-t3o]

Great info thank you for your help😊

[@lindamcteer]

You always have a great video. I hope you and your family are having a fun holiday weekend!

[@THEJENNIFERCOOK]

Thank you, Linda! We are having a wonderful weekend, and I hope you are as well ❤️

[@sarahivilla9728]

This was such a great video Jennifer ❤ thank you for all you do

[@THEJENNIFERCOOK]

Thank you so much! Hugs to you 🤗

[@rachelabate2401]

Saying no to the little ones. Man, they can cajole you into spending money you don't have. 😅

[@tanial8171]

Sad but true. I need some inspiration on how to teach my kids to spend money wisely, to valorate the efford their dad put to get that money and the effort I put to administrate it.

[@mommyingBetchay]

@@tanial8171we started our kids with earning tokens. 1 token = $1. They can only spend the tokens that they have. They earn tokens by doing chores or their math / writing / reading work. We noticed that they were able to decide when they could have a toy or to choose better options. We then move to telling them to not spend all their tokens and to share with others. Nowadays, they can resist the urge to buy toys when we are in a store. We tell them we cannot afford x amount or that it is expensive or it could take away our budget for food / education or something else. Of course, some days, all these are out of the window when they have their moments when they badly want a toys 😄 My kids are 7 and 4.

[@iamkamillecruz3602]

This is so helpful thank you! What's the best counterpart of Every Dollar App in Canada?

[@sallysearles1736]

Yes the Every Dollar app is available in Australia now 👍

[@theWiseBudgeter]

I love YNAB for my budget needs .

[@aj-jt1we]

I’m down to $3,500 in debt, $0 savings, ( working on it now ) and 38, single female, no children, renting, I want to buy a home or condo eventually, I hope it’s possible. Low income 42k a year. I’m so stressed .

[@A2thaLO]

The only debt we have is our car payment. It is my goal to pay it off 3 years early, I want our little family to be debt free.

[@THEJENNIFERCOOK]

Yay! Every little bit towards that balance gets you there quicker. You have a goal and a plan... you've got this!

[@elenainNYC]

3 years to pay off a car!!! 🫣🥺

[@elenainNYC]

Wait, 3 years early - how much was that car ??!?? 😮

[@A2thaLO]

@elenapavlova6101 I bought the car in 2021 and did a 6-year loan. So I want to pay it off next year, which would be 3 years early. 🙂

[@elenainNYC]

@@A2thaLO hopefully interest was really low then, cause these days those interest rates are insane

[@thebusybees2006]

Thank you for the video

[@THEJENNIFERCOOK]

Thank you for taking the time to watch it! 🤗

[@thebusybees2006]

@@THEJENNIFERCOOK 😊

[@rtotty]

Perfect timing for this video, thank you! I appreciated hearing your thoughts on the JPaige envelope system (which I've struggled with) and the snowball vs. avalanche methods!

[@THEJENNIFERCOOK]

Thank you so much! I am glad the information was helpful 🤗

[@wandahall4435]

Great ❤❤❤😊😊😊

[@THEJENNIFERCOOK]

🤗

[@jermikamorris5421]

Hey Jennifer!! I just want to let you know you have really helped me out with balancing being a mom and trying to be financially responsible. Thank you so much for your videos. Also I love your new haircut, you look great! Keep the inspiration coming!!!

[@Tina-ze9cc]

Hi Jennifer thank you for all the tops you give me and other people. I'm not sure you will see this or answer it but I would really like to ask you a question. I just started the everyday dollar app last month and I am recently divorced about 1 1/2 years ago im 60 years old and I am gettin My last settlement payment from my ex husband so i want to do the smartest thing. I bought a house with most of my settlement when I left his house. I have a heloc on my house with a balance of 16,000 at 9 percent and a lawnmower I bought on credit it has a balance of $4700 the interest rate is only 2.9% i don't have my emergency fund yet either. My last settlement payment is 22,000 I think the smartest thing is may off the home equity so i am not adding interest to the purchases I made with it. And the rest on my emergency fund and start a Roth ira. Or should I payoff the lawnmower do emergency fund, start a roth and pay down heloc? I hope you see my message and reply. I have been thinking and praying about this for a couple months now. Thank you in advance.

[@harrietglassco]

Please look into the baby steps Dave Ramsey recommends. It can help you prioritize what you need most right now. Blessings!

[@daniellev_]

I keep hearing about this credit card record lately, which is outrageous, feels good no longer being a part of that 1T

[@polandify1]

My student loans just restarted. My monthly bill is $1,300.00. I get paid biweekly and that bill is more than half of my paycheck. Rent per month is $2,000.00, and that's not including car payments, phone bills, insurance (health, car and renters) etc. I was pressured into college because I was sold a lie that you have to go to college to get a good paying job. Well I graduated in 2020 and good paying jobs truthfully don't exist in this economy. Inflation is at an all time high. Sometimes I think there is no way out.

[@ShirleyChang-d9h]

I got scammed and scammer got me to use my credit card to buy gift cards which put me in $27k in debt that I had to take out a loan to pay off my debt! I was able to pay off $9-10k of my loan. 23:04 Now recently I lost my extra hours of work and feel awful stressed! My utility bills keep climbing and I also have a mortgage! My income is on poverty level now. Any suggestions? I’m in my 70’s.

[@MoodyCargo]

I love YNAB! ❤😊

[@HangNguyen-ih8rf]

In 25k in debts and spent $700 on eating out and shopping today 😮😢

[@Spot4art]

And now you can start paying it off.👍❤️

[@Savannah-ed4rv]

Ouch.. even frozen pre cooked meals are cheaper than restaurants.

[@riahall45]

I use National Debt Relief

[@YanilleCastillo]

Does the report show on why they used or on what they used it for . Is it many trying to keep up with the jones ? The jones who we in secret don’t like and try to impress … very curios

[@maria_w311]

Hi Jennifer 👋🏻

[@THEJENNIFERCOOK]

Hi Maria! Have a fantastic week ❤️

[@andrewminjiras5745]

Do you think that at age 80 it still matters to eliminate debt? My niece says don’t bother…what do you think.

[@awountarot]

money manager and easy budget for sri lanka/romania

[@RiceSteph]

Book that changed her life: Love your life not theirs by Rachel Cruz

[@margaretmcguire1937]

if disabled and on a fixed income how to get out of debt quickly?

[@YanilleCastillo]

U couldn’t agree with u more

[@brigettesmith1381]

Even if I could make a budget, I wouldn’t be able to stick to it

[@marilynn2804]

❤❤❤

[@quinntheqt4281]

Be careful using apps & always read the privacy policies on apps. Our data is bought, sold, & shared. Paper can always be shredded.

[@GoddisNzinga]

❤❤❤❤