BBP REAL LIFE BUDGET | Paying Off Debt + Debt Free

Popular replays highly rated unsecured Debt, Debt Problems, and Are You Considered Debt Free if You Have a Mortgage, BBP REAL LIFE BUDGET | Paying Off Debt + Debt Free.

It’s time for another Real Life Budget. I asked my readers to submit their REAL information. Real spending, real debt, and real savings goals.

I am taking those real-life numbers and showing you how I would organize and budget that information using my Budget By Paycheck® Method.

If you would like to submit your budget information to possibly be picked for a Real Life Budget that we will show on YouTube, please reach out to budgets@thebudgetmom.com.

Today, we are looking at TBM Family member Christina’s information. Christina and her husband are on a debt payoff journey and feel like they are not making the progress they should be. For the first time, I am showing how to use a debt reduction calculator to show how your decisions affect your debt journey.

Trust me, if you have debt, you don’t want to miss this video!

CHAPTERS:
00:00 Introduction
03:07 Why & Personal Story
06:04 Income
07:55 Fixed Expenses
09:15 Variable Expenses
10:30 Debt
12:52 Savings Goals
14:26 Budget By Paycheck Method
21:01 Debt Payoff Scenarios & Visuals
32:28 My Recommendations

➡️ DEBT REDUCTION CALCULATOR: https://bit.ly/3ZqqiNO
➡️ HOW I TRACK MY SPENDING: https://bit.ly/3aIe89I
➡️ HOW TO USE A BUDGET CALENDAR: https://bit.ly/2IzF2Vj
➡️ FINDING YOUR WHY: https://bit.ly/3aJUryj
➡️ THE BUDGET MOM’S FINANCIAL FREEDOM STEPS: https://bit.ly/3cfJXsp
➡️ HOW TO GET STARTED WITH THE CASH ENVELOPE METHOD: https://bit.ly/2vQJaO5
➡️ HOW TO CREATE A PLAN OF ATTACK TO PAY OFF DEBT: https://bit.ly/2wDETxF

ABOUT ME

Kumiko Love is a single mom who empowers women everywhere to regain control of their financial lives. An Accredited Financial Counselor with over nine years of experience in the finance industry, she founded The Budget Mom, a community of millions of women on a path to financial fulfillment.

She’s also the creator of the wildly popular Live Rich Planner® and Budget by Paycheck® Workbook. Love has been featured on Good Morning America, the Today show, CNN, CBS, ABC and in USA Today, US News, World Report, Huffington Post, Money Magazine, Parents Magazine, the Washington Post, and Real Simple. She lives in Spokane Valley, Washington.

YOU CAN FIND ME AT:

📝 WEBSITE: https://www.thebudgetmom.com
📘 FACEBOOK: https://www.facebook.com/thebudgetmom/
📸 INSTAGRAM: https://www.instagram.com/thebudgetmom/
📌 PINTEREST: https://www.pinterest.com/thebudgetmom/

GET STARTED

➡️Start Here: https://www.thebudgetmom.com/start-here/
➡️Courses: https://courses.thebudgetmom.com/
➡️Free Resources: https://bit.ly/2PDmTHz
➡️GET 10% OFF my popular Budget-by-Paycheck Workbook – Coupon Code TBMYOUTUBE https://bit.ly/3FEdZFp

Soundstripe License Code: OWOVN0ZZJ6FAFVSL

Are You Considered Debt Free if You Have a Mortgage, BBP REAL LIFE BUDGET | Paying Off Debt + Debt Free.

How To Get Rid Of Debt With A Complimentary Money Federal Government Grant

There are 2 types of financial obligation the secured and unsecured loan. Management, relief and debt consolidation all supply some kind of option to your credit issues. A person does not need to travel down this roadway alone.

BBP REAL LIFE BUDGET | Paying Off Debt + Debt Free, Explore more complete videos related to Are You Considered Debt Free if You Have a Mortgage.

The Liberty Of Ending Up Being Debt Free

With the secured financial obligation consolidation loan, you can make your life debt-free. You will find there are lots of benefits that feature both secured and unSecured Debt. It exists however no one desires to talk about it.

It’s easy to come up with a list of reasons (excuses actually) regarding why you can’t accomplish monetary freedom and live debt totally free. Excuses are how we validate not allowing something to occur. Excuses are how we manage every year, doing the very same things and getting nowhere.

With unSecured Secured Debt, on the other hand, the financial obligations are just built up and paid according to how much money the insolvent person has. Generally very, very bit. And just at the end of the bankruptcy treatment.

These types of loans are protected in nature much like other protected loans. A protected loan indicates that a person needs to supply security while taking the loan. The person who has to take the loan has to promise security; the security can be his personal property etc.

When it comes to your goals in life, make resign Debt Free concern one. Lots of experts will inform you to note your debts by rates of interest with the greatest rate of interest at the top. This does not work for many. You require to note all debts from tiniest to biggest and pay them in that order. Each time you pay one off you will have the inspiration to continue working towards ending up being Debt Free.

A great credit report isn’t simply about financial obligation, however how well you manage it. Excellent credit is also constructed when different type of financial obligation are reported. Home mortgages or automobile loans will assist improve a credit report as long as they are managed well. Credit cards reveal a different type of financial obligation, Revolving Debt. The monthly payment quantity differs with use. Managing charge card debt is an incredible way to improve your credit rating. Improving a rating will take some time. You will need to keep negatives out of your budget in order to see it go upward and onward.

You could ask your loan provider for a forbearance duration. This will give you no month-to-month payment for an amount of time, but the interest will still accrue on the debt.

When you are financial obligation totally free, visualize what you will have. When you are not paying all that financial obligation, how much additional cash will you have. Picture the better life you stop squandering huge amounts of money on interest payments.

No recent revolving balances – You do not have any activity on your revolving accounts. Anyhow, mindful administration of our finances can indicate that we can clear our debts.

If you are looking more engaging comparisons related to Are You Considered Debt Free if You Have a Mortgage, and debt Solution, Debt Help, Cash Rebate, Debt Management please list your email address our newsletter now.