Debt-free Journey • Mortgage Refinance REAL numbers • Weekly Check-in…sort of 🤪

Top replays about personal Budgeting, Debt Related, and Are You Debt Free With a Mortgage, Debt-free Journey • Mortgage Refinance REAL numbers • Weekly Check-in…sort of 🤪.

Hi friends!

Join me as I check-in for my first 1/2 week of August. We still have 7 more days to go on the actual week!

We also got good news regarding the mortgage refinance!

Wahooooo…summer is such a hard time to stay on budget with all the family gatherings, graduation parties, trips to the lake, and travel. #keepingitreal!

I track my weekly expenses using my printables which I put in my Big Happy Planner. I try to track every couple days, if not daily.

We have grown greatly over the past 12 months and our budget is proof!

#debtfreejourney #weeklycheckin #overbudget

Thank you for watching!

Marlene

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💜A little bit about SnowGardener307 aka ME!💜

Hello my name is Marlene and I live in the big state of Wyoming in the USA. I am a working mother of two teenagers and my life partner and budgeting partner is my hubby, Bridger.

I must warn you…my channel is a work in progress as I figure out what I want it to be. You may see everything from budgeting…to cook with me’s….to weight loss…all the way to gardening and home remodeling! But budgeting is what led me to start my YouTube channel!

Bridger and I started our budget journey in April of 2020. I started my YouTube adventure in December of 2020. Our goal is to one day be debt free and be able to cash flow our next vehicle purchase as well as travel. We follow bits and pieces from Dave Ramsey, The Budget Mom, and several amazing YouTubers. I love the budgeting community here on YouTube as well as Instagram.

Our starting debt total in April 2020 was: $365,862.62
Our 1 year debt total in April 2021 was: $274,008.61

Thank you for joining us for our adventures. I try to keep things real on my channel and love feedback!

DISCLAIMER: I am NOT a financial advisor or expert. All views and opinions on this channel are my personal opinions. I am documenting my journey as it relates to my family’s financial, and debt freedom, progress and sharing how we manage our money. Prior to making any financial decisions for yourself/your family, CONSULT your financial advisor or planner based on your circumstances.

Are You Debt Free With a Mortgage, Debt-free Journey • Mortgage Refinance REAL numbers • Weekly Check-in…sort of 🤪.

Settling Your Credit Debt

So try to settle the loans which have greater interest rates. Devote a section of your spending plan for settling financial obligations. Some individuals however, think the other way round.

Debt-free Journey • Mortgage Refinance REAL numbers • Weekly Check-in…sort of 🤪, Enjoy more reviews related to Are You Debt Free With a Mortgage.

Chapter 7 Personal Bankruptcy And Ending Up Being Financial Obligation Free

This might correspond a lot of money out of your pocket. When you are one income from insolvency it is a lot easier to live by your principles. They can be repossessed and place on foreclosure by the banks.

So you have actually reached the point where you understand you need aid with your charge card debts, and you’ve decided it’s time to pay them off with a house equity loan. Wait! There are other choices. You don’t require to risk the house you have actually worked so hard for, in order to get rid of those charge card balances.

If it is a Secured Debt, such as a home, cars and truck or home , the item value is held as collateral for the debt. If you die while money is still owed, then the item can be seized by the lending institution and sold to satisfy the financial obligation.

Be courteous however firm as you accept a brand-new monthly payment that you can pay for. Let the representative understand that you are not going through a very easy time and this is all you can pay for, there is no more money left where this came from.

The way this mode of insolvency works is reasonably basic in style and idea. It can be thought about a type of liquidation bankruptcy. That implies that all possessions that are not exempt will be sold (liquidated) and all monies created from the sale will then go to those debtors that are owed money. Certainly, there is more to the procedure than this but that is the most simplified explanation of how it works. If the liquidation results in a total payoff of all financial obligations owed then the individual that has applied for bankruptcy protection will be Debt Free.

If you remain in a position where you can make only the minimum month-to-month payments on your Revolving Debt (normally charge card financial obligation), you require to worry – unless it’s just a short-lived situation. In lots of cases, the needed minimum month-to-month payment will be only enough to cover your interest charges and will not do anything to minimize your balances. If you continue to make simply the minimum monthly payments required, you might actually never get out of debt. In one example I saw just recently, the person could leave financial obligation making simply the minimum regular monthly payments but it would take him 17 years.

This might sound odd to you however you can’t have good credit without debt! It’s not possible. Not with the way our current credit system is established. Your credit report is essentially a record of the loans/credit you have been offered. Your credit score is a number representing how well you have actually handled those loans. Given that you enter into debt when you take credit or get loans, your credit history is a reflection of how well you have handled debt. A high rating implies you are proficient at managing financial obligation (up till now that is).

If you aren’t cautious, Credit card financial obligation can destroy your life. This is why it’s important to remain on top of your debt so that over time you can leave it. This is the best method to improve it if you’re having problem with your credit score. Simply get rid of a few cards and pay them absolutely off.

It does need dedication, it does require work and effort, it does need determination. You need to examine your requirements versus your desires. They are giving away free cash to those that they think deserve it.

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