Should You Pay off Debt OR Save for Goals First?

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Information Should You Pay off Debt OR Save for Goals First?

Title	:	Should You Pay off Debt OR Save for Goals First?
Lasting	:	15.14
Date of publication	:
Views	:	44 rb

I need to pay off three credit cards I know this will be probably sound dumb but I have a six month savings And enough to pay them off but I am so afraid to pull the trigger
Comment from : @regdesousa9763

How can i download that sheet in your video
Comment from : @saritasmith7243

o a washing mashin brbri got hands you know and that's a fact i wash by hand alot now 🎉🎉🎉
Comment from : @LxTxSURGE

Don't get into debt in the first place
Comment from : @betiryanmercer7301

Zero debt here 5 g in savings Life off the grid
Comment from : @marcielynn4886

WoW, this video was an eye opener I was putting together my budget and I was thinking I had no debt except my mortgage which I hope to payoff in 3-7 years, until I realized each month all my bills, except my mortgage is taken off my credit card and at the beginning of the following month I payoff the entire credit card for the previous month I need everything on the credit card, as my husband was in a motorcycle accident 6 years ago and has a TBI, so if something happens to me, I need to make sure all bills are paid before one of my son's takes over Obviously now I have a complete month of debt I need to get ahead of and have created a Payback Savings to fix this Thank you
Comment from : @erinshelnutt5064

Hey, my name is Larry Got a sub
Comment from : @VocabuLarry85

Love this! Thank you so much for this video!
Comment from : @enyonamedoh9082

You guys are so cute!! And love the advice and how you break things down so well!
Comment from : @leanneg9388

I appreciate that you two aren’t condescending at all in your advice I just came from a Ramsay video of the same topic, and it was pretty rough
Comment from : @jaycee3177

I am thankful that I am not indebt and have a small amount on a credit card So I try to put most of my pay check in my savings So I know I will have money for house and car insurance and an emergency fund
Comment from : @melissawright4040

I just found your channel Thank you so much for this video I've been so confused as to which one to do first, and you made everything so clear and is a plan that I can implement Most financial people give either or advice which makes things even more stressful You've got a new subscriber here
Comment from : @Orangetiger78

I have no debt I also don't have much of a life I do have some backup fund for appliances (and I noticed the comment right below as I'm typing talking about appliances dying) So I guess the way is clear for me Idk why I'm watching this I guess I might need the info in the future
Comment from : @verreal

Iam so much more enjoying these budgeting, paying off debt and living beneath your needs videos lately They are so helpful and understandable
Comment from : @sherribrink5664

Watching this again in case I missed anything
Comment from : @MariaGarcia-gj5ie

Hi Good morning I AM Doing A No Spend January And Had So Much Fun Now I Am Going To Do A No Spend February I AM So Having Fun With This And Emergency Funds Are Better
Comment from : @alisawoods555

I’ve got a special birthday this year and really want to spoil myself as all I do is pay bills and drive s me nuts help lol x
Comment from : @0773heidi

I dived into 3 home repair projects this past fall at the same time which emptied out most of my project funds and checking When I realized I was going WAY over budget, I immediately cut out all discretionary spending and vowed to continue no buy practices for January through March to pay off my overages and build up my financial cushion I figured these three months are a great time to address this issue because I'm home and not planning any travel or projects during this time
Comment from : @janetstonerook4552

Hope and Larry, thank you so much for your great advice This video really helped me a great deal!!
Comment from : @mariesharp1186

Very helpful for those of us - like me - who are trying to do two things at once! I especially like the percentages approach
Comment from : @FidoHouse

Florida power light wants 5000 more for electric each month for 1000 kilowatts and less used hard be on a tight budget
Comment from : @pamelaking4414

You look pretty today Hope!
Comment from : @jennifercaskie3895

My husband and I have gotten so much help from this channel, thank you! Hope, you look especially pretty in this video with this outfit Just had to compliment you, lol! Thanks for all you do and for your Biblical perspective on frugality We love and appreciate you both
Comment from : @yanicamars1

When I decided to pay off my first mortgage, I used this little trick to keep me going I got an amortization schedule (pre-internet so I couldn’t print one out ☹️) and every month I tried to add the principal amount that was due the next month, so moving ahead 2 months in the schedule It is very sobering to see how little you are paying on the principal in the early years, but that does make it easy to meet the next month It was very satisfying to color in two squares every month and see how rapidly I was moving ahead
Comment from : @ohmcintyre2067

Hope and Larry, thanks for all of your videos I've been budgeting for several years now, but your videos have taught me so much more about money management I actually look forward to living more frugal so that I can stay within my budget, planning for ways to lowering costs and let's face it, even paying off debt when I've overextended myself (Which I work hard at NOT doing - but things come up) I share your tips and videos with family and friends and look forward to each one you upload Thanks again for your hard work to inform your viewers
Comment from : @cherlaneharris100

Hope U look so cutelove your outfit
Comment from : @lisachubrilo

Keeping it real Hope &Larry Thanks ❤
Comment from : @mae9064

Not in debt but trying to avoid it My home is not safe the door allows pest I'm thinking about setting my camp equipment and doing that to work on my house to tune it up
Comment from : @GEAUXFRUGAL

Thanks for the video - this is actually something that has been on my mind - I wanna pay off debts and get some Home updates so I appreciate your video- thanks 😊
Comment from : @NC-dv8yf

Paying off debt,needs to pinch, so you don't get in to debt again 😉
Comment from : @kellykimball2099

Hope you look so good in your cardigan sweater💕
Comment from : @nicolejohnson5225

👍👍👍
Comment from : @sophiawolthof1238

Just listen to Dave Ramsey
Comment from : @daveicc495

💖
Comment from : @milda0820

You should do both
Comment from : @momof2momof2

Thanks for the video On my to get this setup - please keep up the great work you both are doing
Comment from : @johnkatkus7143

Hope, Larry you’re awesome! Keep up the good work!
Comment from : @twothousand8051

Always pay your debt off first From Romans 13:8- Owe no man any thing, but to love one another: for he that loveth another hath fulfilled the lawbrbrThere is also Leviticus 19:13, and others, which are explicit If you have the money to pay your debt, you pay itbrbrI spent a very long time in debt, and it made me homeless (no one would rent to me) and I was miserable I still often have nothing left at the end of the month, but I’m trying to conquer generational poverty I very often funnel any extra money into my grand babies Their dad works full time, makes good wages, and I have come to the conclusion that my retirement package is to work full time to make sure my daughter gets to have socks and shoes, too And that the grand babies get to have a few fun things AND an unending supply of their favorite fruits and vegetables A full time job, even one that pays well, doesn’t mean a man can tie the shoe strings anymore And, my son, who works full time, he very often must go shopping at my house I think he’s stopped overthinking the pot of chili, and seemingly random full tanks of gasoline (I just drop my truck off for repairs, and take his as a loaner)brbrPoverty is hard, but it’s much harder when you’re in debt!brbrThank you for this discussion It helps put things in perspective, if you have any breathing room in your budget
Comment from : @heatherknits124

Whatever you think about attracts more of the same and so that would mean focusing on how well you're doing is very important
Comment from : @KC-dr3cg

I'm afraid that inflation is so expensive regarding repairs that I cannot deplete so much of my cash on hand, yet interest on credit card debt is skyrocketing making it hard to pay it down
Comment from : @KC-dr3cg

Love your sweater Hope 😍
Comment from : @jwoooooooo

I freaking love these guys it's like a show on local TV or something it's just so wonderful and wholesome ❤️ ♥️
Comment from : @lukeb6394

Wow Larry's hands and nails look fab! Did you two get manicures?
Comment from : @catslove3884

Very good topic!!!
Comment from : @Acr24608

I advocate an emergency fund first to cover the dead/ dying appliance scenario, while paying minimum on all other debt except one I’d pay an extra amount on one debt for psychological satisfaction Once the emergency fund was met, I’d split that payment I was putting toward the emergency fund between debt payoff and a savings goal My sinking funds were part of my monthly fixed bills It was really tough at first but being consistent every month is key Each debt was on a separate piece of paper; I tracked the payments When I paid off that debt I’d have a debt burning party by setting the piece of paper on fire (safely, of course) I played other games, like every two months I’d add $5 more to my monthly debt payment Or pay the finance charge along with the payment on the credit card I was paying off, so at least I wasn’t paying interest on the interest Also, be kind to yourself when working your way out of debt It’s not easy but it is possible
Comment from : @katworkstowander9853

We have had some difficult times the last 15 years My husband is disabled Our health care expenses are unreal We have normal monthly expenses but it’s the health care costs that prevent us from saving We make too much money they say to qualify for anything I’m to the point of dropping our life insurance in order to have an emergency account
Comment from : @kathysorensen798

Always I consider and have paid my debts off first That is a business agreement or promise to pay another back in full Pay off full before any of life's crises or bumps in the road will occur They always deal Pay off the debt and once done in full, one can quit having to reminding every month that one extra debt or two needs to be paid Feels good when the debt monkeys are paid off and off one's back Peace of mind
Comment from : @abbeyl6115

Oh! I’m so glad you are addressing this!!! Thank you!!!😊
Comment from : @ZiggyMoney911

Dave Ramsays way works 😊
Comment from : @pennybentley5125

The videos this month are seriously what I needed I had Point A and Point B and you guys showed me the path of least resistance to get there!! Thank you so much!
Comment from : @Mamak5513

This is great for me, I was working how to pay and save Thank you so much!
Comment from : @Thefarm1889

Working to get emergency fund back up, but car isn't fixable 😞 (driving a borrowed ratty car since I drive a home care client places) Between a rock & a hard place right now😒
Comment from : @fourdayhomestead2839

what happens when the saved cash is no longer accepted? maybe buying hard goods now might be a good idea ***In other words cash is better than nothing for a while however if you do not wish to accept the digital mark in order to live your life, you might consider buying "hard goods", such as tools, batteries, first aid, generators, etc" I dont see any wisdom or logic in not having these things on hand now bc if you are not one to take a mark in your head or hand and to transition to digital currency, you might regret not getting some supplies right now- while you can,
Comment from : @FreshGrey-pm4vw