#Debt Help

So what is everyone else’s age and debt looking like? Venmo???? (JK…kinda) @nurseamaiya 🤭 #nurse #debt #debrjourney #studentloan #debtfreelife #debtpayoff

Is this the smartest way to get out of debt? Comment “Watch” and I’ll personally DM you our conversation. JL Collins explains that paying off debt is about prioritisation. He says to list all your debts, continue paying the minimum on most of them, and aggressively attack the one with the highest interest rate first. That debt costs you the most, so clearing it gives the biggest return. Once it’s gone, you repeat the process with the next highest interest debt until you are free. Are you paying down debt strategically or emotionally? Credit: @thesimplepathtowealth x @thediaryofaceopodcast

What’s the fastest way to get out of debt? The quickest way to make your debt-free dream a reality is to use the debt snowball method.  Sure, it might appear that paying off the debt with the highest interest rate first makes the most sense—mathematically. Wouldn’t that save you the most money? Yes and no. If you begin with the biggest debt, you won’t see traction for a long time. You might think you’re not making fast enough progress and then lose steam and quit before you even get close to finishing. It’s important to pay your debts in a way that keeps you motivated until you’ve wiped them out. Getting quick wins in the beginning will light a fire under you to pay off your remaining debts! Listen—knock out that smallest debt first, and you will find the motivation to go the distance.

Lucky lessons day 7: how to pay off debt 💸 For years I was making automated payments on my private student loan and didn’t realize that most of my payment was going towards interest and the principal hadn’t moved at all 🥴 but you can learn from my mistake! In 2021-2022 I decided to have a lock-in year and paid it off in about 14 months using these three steps.

You can pay off your debt but sometimes you gotta get creative 💸 #debtfreecommunity #debtfreelife #personalfinance

debt payoff so far this year 📉💸 comment “DEBTFREE” for the link to my debt payoff tracker 🤍 #debtpayoff #debt #debtfree #debtfreejourney #personalfinance #studentloans #studentloan

Think you can’t get a loan with 1099 income and lots of write offs? Think again. For self employed people, it can sometimes be maddening trying to get a home loan in this market. In the broker world, I have access to loan products that banks and big box lenders don’t have, making it easier for you. Need help? Send me a DM.

I’m not a financial advisor, I didn’t have money to pay for one. But I wanted to get out of debt so badly that I made it my goal. This is the excel spreadsheet that has really been my financial savior. You have to put in the work and really be determined, but this gives you EVERYTHING to be debt free. #debtfree #budget #financialeducation #toolstobedebtfree

Here’s the truth about our debt, the actual number, and how we’re taking control of our finances instead of AVOIDING them. If you are wondering if I feel embarrassed about all of this…the answer is YES. But it won’t stop me from paying off my debt 😊 And for those in debt, whether it’s less than mine or more than mine, I love ya. Everything is going to be okay. Like and follow for progress updates! #debt #debtfreegoals #debtfreelife #creditcarddebt #payingoffdebt #debtjourney

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For anyone who is in the beginning, middle, or end of their debt payoff journey. Keep showing up for yourself, and do it with grace.🩷 #thebudgetmom #debtfreecommunity

What is your favorite way to tackle debt? 💰 📉