It’s time to put an end to bad credit card debt! This interesting fact shows that you are more likely to spend more when using a card instead of cash. Be mindful of your spending and don’t get caught in a credit card debt trap! With high interest rates and fees, you could be drowning in that for a while. Carry cash or have a debit card that you can use!⚜️ ——————————————————————— #Finance#FinancialAdvisor#College#CreditCard#Debt#Business#Money#MoneyManagement
0 16 minutes ago
How many of you have paid💰💰 a high🚗 car payment because of bad credit💳? It's time⏰ to change that. Let me help you! DM "info" to learn more
Tips for Job transitions:
As many of you already know I will be transitioning jobs in the next month or so and have started to make arrangements when it comes to paying off my debt. I completely stopped snowballing and is only paying the minimum while saying the rest. I decided to do this because usually when you switch jobs, there’s about a 2-3 month period where your income has to adjust. Although I have my baby step in place, I am more comfortable with having at least 3k saved before I leave & right now I have $1,300 saved 🎉I know this isn’t one of Dave’s baby steps but if you are considering changing jobs, think about pausing your baby steps to prepare you for that transition. There might be unexpected expenses that come up and there’s always a 2 week period when your in the hole before you see your first check! So prepare yourself before so that way it’s not too overwhelming or better yet, so you won’t regret leaving! #
0 121 minutes ago
Debt free date...
Gosh can't wait till my debt free date is here! We are literally talking months not years now! .
Come a long way, I remember when I first began all I had in my mind was 'deprivation'. Instead it's been so much more and for that I'm so so happy I have gone through this situation.
. I've found myself living off alot less clothes, buying alot less things. I've also found myself facing more opportunities due to lower debt and a lower lifestyle.
As my dad always says, every situation in life is temporary and the low credit, low savings, high debt will dissappear in a matter of months.
I'm seriously considering having a 'Debt free party'. That should fully be a thing 😂
Some people flash their cash , i flash my depbt,
Edit: probsably the most insane show/weekend of my life . #debt#money#capitalism
0 133 minutes ago
My birthday was Sunday and I turned 2️⃣2️⃣ I’m in denial. But I had the best weekend of being spoiled by the fiancé 🤪 It was nice to take a break from the budget and wedding stressing to relax and indulge! Now we get back to it 😉
My husband and I just got back from our first “for fun” vacation ever (other than our honeymoon). We had the best time and it was SO nice not to worry about money since we budgeted $500 for the time we were there and used our sinking fund for the hotel and flights. We absolutely loved the trip and are already brainstorming other trips we want to go. The freedom that comes with budgeting really is priceless.
1 452 minutes ago
lllustrating the Credit Card Debt Burden in All 50 States 💳⠀
Despite overall low interest rates, credit card rates have hit a 25-year high, with average interest rates at 17%. At the same time, total consumer debt in the exceeded $4 trillion for the first time, a figure which includes credit card debt.
⬆️Top 5 Credit Card Debt Balances by State (Compared to National Average)⠀
1. Alaska: $4,350 (135.09%)⠀
2. District Of Columbia: $4,180 (129.81%)⠀
3. Hawaii: $4,060 (126.09%)⠀
4. New Jersey: $4,040 (125.47%)⠀
5. Maryland: $3,910 (121.43%)⠀
Published: 12 August 2019⠀
Source: The data comes from the Federal Reserve’s New York branch, which puts out quarterly reports on household debt and credit for all 50 states. Our viz shows credit card debt balance per capita by state as of Q4 2018.⠀
Follow @aspiremapper for more maps!
I did a thing. So when I got a raise, we decided to slightly raise our personal allowances. And instead of having another random craft item, I wanted to check out #ellevest with money that wouldn't impact our household budget or debt payment. Mostly because they have no minimum. So, we'll see what happens with my allowance over time.
1 91 hour ago
What did you waste your money on this summer? 💸Did you buy an inflatable you never used, overspend on a wedding outfit, or got a tattoo you regret? 😟 Tell us (or better yet, show us!) and you could win a $50 gift card! 💰 To enter, comment below, tag a friend and use the hashtag #SummerSpendingRegrets ! Full contest details here: https://www.creditcanada.com/summer-spending-regrets
Well hello there! I’m M! I am the worst at introductions, but I am the best at making excuses. I have wanted to start my finance journey for quite some time now, and I have finally worked up the courage to start.
I started my debt-free journey a little over a year ago. I was doing so well, until I lost all motivation (to be fair, it is quite the exhausting process). Right now, I’m in a place where I am surviving my 20’s instead of living them. Over the past year, I managed to pay off a $15000 car loan, $8500 on a personal line of credit, $2700 on an old bill, and $2700 on a MasterCard. In total, I have paid just shy of $29000. Through budgeting and a lot of hard work, I am working to pay off my final credit card at $4800, and the remainder of my line of credit at $16000. My current debt total is $20800.
For the past year, I feel like all I have done is pay off debt. Over the past two months especially, I have found myself feeling a little run down and depressed.
All I want to do is find my peace again.
1 21 hour ago
Boom/Bust cycles create huge opportunities for the financially educated and destroy the wealth of the uniformed.
In 2007 many people where left with nothing after working their whole life paying towards a pension only to find it was worthless. Many people found that their dream of retirement was that, a dream.
I got burnt out about eight months into paying off debt. We were so tired of putting a huge chunk of our income towards debt every month and it felt like we had little to show for all of the hard work. So what did we do? Went on holiday, and restarted once we got back.
I still get burn out from time to time when budgeting feels like it eats into quality of life. So when the going gets tough, the tough get going! I stop saving, we buy treats, we take a break and restart when we can. I feel a little remorseful but I know that's what I need to do to get my head back in the game. It's better to pause than to run yourself into the ground completely IMO.
Who else experiences budgeting burn out and how do you get past it?
Are you Stressed about your student loan debt? Do you feel like you’re just always going to have it? Are you frustrated with your balance that seems to keep growing even though you’ve been making your payments faithfully for months and months? This download is for you! It's a list of 5 Student Loan Debt Tips. As an attorney, I had my own student loan to deal with. When it comes to paying off your debt, information is your secret weapon. This download can help start you on your way to paying your student loan debt off, once and for all! ***For 5 Student Loan Debt Tips, click on the link in my profile!
I’m in a predicament because I’m not sure whether to keep my savings or to put it towards debt. I don’t have much in my savings and I do love watching the balance grow, but the money have could clear my Bank of Ireland credit card.
What would you do, put it towards debt or keep it in savings?
11 141 hour ago
Debt weighing you down? The Government of Canada can help! Learn how to budget and more with the latest financial planning strategies and tools to manage your spending habits! Go to the link provided below 🤑
Do you discuss money matters with your kids? Nearly half of American parents do not. Push past the discomfort or embarrassment and start the discussion now.
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I suppose if you don’t know the numbers it would be shocking to you to find out that I am not going to encourage my children to attend college. I’m actually going to recommend against it. 😮 “Oh my gosh!!! Did he just say that!?” Why yes, yes I did.
Somewhere along the way college 🏫 became the next step to accomplish after high school. Having a college degree made you more appealing and in most cases having one was necessary to get a job. It’s not that way anymore. The college degree has been diluted. Today seemingly EVERYONE goes to college because it’s been beat in the heads of young impressionable minds that they should attend one.
Due to the over promotion of college we now have some of the worst statistics in the world... 71% of college grads have student loan debt with 1 in 4 being in default and it’s now totaling $1.56 trillion.
None of those are even the worst statistic. 👉🏼 Here’s the worst: 73% of Americans do not have a job associated with their college degree!!!!!! 😱😱😱 THAT is why I will not recommend my children go to college. I’m a perfect example of this statistic. I have TWO degrees (a bachelors and a juris doctorate), seven years of college, and well over $200,000 of student loans borrowed. I was in a world of financial pain when I got out of school and had to get myself out of it. Oh yeah... NEWSFLASH, the government isn’t ever going to eliminate your debts. It’s on you to take care of those.
In summary... if you’re going to be a statistic, be one of these:
1. Last year 283,000 more Americans became millionaires bringing the American millionaire total to 13.1 million! That number will increase by 33% in the next two years.
2. The top 400 richest people in the world don’t have a job. That’s right... they didn’t need to use a college degree as an admission ticket 🎟 to work for someone else. They became entrepreneurs.
2 81 hour ago
I was able to make a snowball payment today! I took my envelope savings from last paycheck and applied it to my last remaining credit card!
I owe $222.62 on that card, and I was able to make a payment of $151.00
My remaining balance is $71.62
You guys, $71 stands between me and credit card debt freedom! I want to scream. I want to sell everything and pay that $71 off. This is why debt freedom and the journey is so FREAKING EXCITING!!
I’ve never been *excited* to pay debt before and now I absolutely cannot wait.
$141.00 just made my day 😱
5 471 hour ago
One of my mentors as featured on Steve Harvey will be here this Wednesday @7pm going over how we have been able to help so many people get on the right track financially. I have a few spots to invite, but only if your serious about changing your financial future.
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It’s 2019 and credit means EVERYTHING. If you don’t get your credit repaired today and start making a change. If not now then when? when will you start? Let’s start now if you are looking to get your credit repaired Text “CREDIT” to 786-879-3960 and get started today
I saw this photo of us and thought this is the most accurate photo of our relationship. My husband is helping me walk in heels. And then I started thinking of all the ways he’s helped me pay off my debt. He helped me cash buy my sons first car. I had to have his help in getting a condo 3hrs from home for my work. He helped me get a car. Besides financial, he helps me cook because I can never remember what sauce or spice to use, or what knife. So I call him at work asking how to season my sweet potato or my tofu. He helps me stay on track with diet and fitness goals. He even helps me pick my cloths, which may sound silly but I had an abusive relationship where clothing was a big deal and I have a lot of stress/anxiety shopping because of this. He helps me, continuously.
62 1,3707 hours ago
Too late 😂 I was driving by a Great Clips and decided to stop for a quick and long overdue trim....Well, 7 impulsive inches later, I have short hair again 🤷♀️ It was only $20 including the tip which is less than half the price I used to pay at the fancy salon. I have to say it looks just as good too.
62 1,03619 August, 2019
I sent $900 to debt today, which GUYS. Makes our debt total $1400!
But listen. $1400 doesn’t seem like a lot, but I am trying to be very intentional about paying off this last little bit because I want to make sure we don’t become debt-free but put ourselves in a super tight, uncomfortable situation. We have to be patient! The emergency fund still needs to be in tact, we need all the money properly set aside for the mortgage and the bills, and we need to make sure we have cash to cover any small things that could come up. It’s exciting but I still have to be responsible.
It would be a shame to pay it off in an impatient rush and then have something come up and have to go back into $500 of debt! I would feel so silly. So we are pacing ourselves here and making sure we are all set in our lives, businesses, house and family before we make that final payment.
Thank you, @debtfreeinsunnyca, for this awesome realization. Tonight is the last shift I'll work for the paycheck that will make me debt free. After tonight, I'm done paying for my past. All my work will go toward my future! That is SO exciting. 😭
Silence is golden.
The last thing you want to do is focus on what other people are doing. Focus on what you need to get done to move yourself and your family forward. Over time all the small wins will add up to a blessing that was built brick by brick. You where born unique, embrace it and don’t live being a copy.
El silencio es oro
Lo último que quiere hacer es concentrarse en lo que otras personas están haciendo. Concéntrese en lo que necesita hacer para avanzar usted y su familia. Con el tiempo, todas las pequeñas victorias se sumarán a una bendición que fue construida ladrillo por ladrillo. Naciste único, abrázalo y no vivas siendo una copia.
239 2,86819 August, 2019
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