 Hey everyone and welcome to or welcome back to Norris Cove if you're new here I am Yoshida. I am a self-employed hairstylist and I like to get my life together by budgeting planning my finances and planning my life minimally and functionally With all that said if you feel so inclined to make sure that you hit that thumbs up Subscribe button and leave me a comment in the comment section. Let me know that you are new here Let's get into today's video you guys. Okay, y'all as you can tell by the title I am Discussing my debt my debt journey. I am starting my debt journey. Um, I've started it But I wasn't consistent. I was gonna do a just a face front video of this But today has today, okay? And I did a soft launch or something that I'm gonna show you later of how I plan to get debt free So I've been busy in the office all day. Nonetheless, let's just get into it I'm just gonna give you a brief story on my debt Things are going pretty good pre-covid and then when COVID hit I had just been paying all my bills on time Thankfully for that because when COVID hit those people that I was doing business with and paying bills on time I eat my car node T-mobile things like that They allowed me to skip months and then luckily I had the help of my mother and my husband my sister and just family well fast-forward we got a COVID and I'm going back to paying things on time, but my business is slow My business is still trying to recover from COVID and when I think it has recovered It doesn't I'll have a good week here. I'll have a slow week here Which you've probably seen in some videos on my channel. Well, I can't put it all on COVID I have to put it on myself that I just was not consistent. I am a spender. I've recognized that about myself I love to shop. I love all things beauty all things planners and when I would have a good week I would just think oh it's gonna be like this forever and I would spend and then the next week I'm looking crazy. Well, what happened? Let me just kind of fast forward a little bit. So we I don't make this video too long Last week was one of those weeks Here in the DMV it snowed and for as long as I've been a hairstylist I know January is a slow month. That's one two It tends to snow here in the DMV in January and February. I Did not take that into account But for many years I said that I would be prepared for these months and I'm never prepared. So I'm always scraping to come up with my boots and brand bills and I've just fallen behind on everything and It wasn't just like last week everything just hit because I didn't work a day or two It was just accumulation of things and I try to make sure that my business which my other business is Norse COVID's most of you know That I don't touch that money because I know if it mingles with my regular money, it would be worse Okay, it would just be totally worse. My hair income is just not incoming anymore now like I said, I had an epiphany last week or just a As I was telling my financial life accountability group that I was in a low vibration Air, you know, I just was in my low vibration point I was just at the bottom and I was like, I'm so tired of this like as they say once you're sick and tired of being sick and tired You'll do something about it and that's where I was and I said I just said out of prayer. I said Lord I can't do it no more. I'm tired. I don't like this feeling I don't like the feeling of not having my bill money. I don't like the feeling of bill collectors calling me What can I do? I want to be debt-free. I want to get out of debt. I'm tired of this cycle I know my next week is supposed to be a good week And when it is I'm going to put money aside and I did that and you all saw that I did the cash stuffing I felt good about it. I still haven't touched the majority of it I kind of used the envelopes as I was supposed to use them But I got to thinking and I'm a tight person if you don't know I like to strategize I like to you know list tasks or break things down in Ways that I can accomplish them needless to say but with all that being said I set down and it took me about three days to do This so I'm going through my personal planner, which I still have not set up for 2024 But I was at work and I just had my planner with me I have got planned and I just sat there and I Said there and I wrote down all this is that word. I wrote down all of my bills all of my debt The total the minimum amount and the interest rate you guys let me tell you something if you don't know something I Was telling somebody when I sign up for credit cards. I'm not paying over 25% 25% I'm not paying a yearly fee. I only have one card on here that is a yearly fee and I knew that getting the card only because I had planned to get the card to go on vacation and pay it off Once I got back. Well, I never went on vacation. It never happened and I started using the card as a business card All these interest rates are over 25% except for my car note that's something else I never share my car note on here, but I want to be very transparent So I'm going to share my car note and I'm going to get into my goal for my car note later Also, my big problem here is quad paid This is going to be like my first order of business Along with paying as much as I can extra on these bills So I wrote all these down so that I can share something else with you So I'm going to move this out the way So this is my budget planner Um, if you are new here So what I did was I said, okay lord help me. I need to figure out some ways that I can get rid of this debt Okay, eating out is a problem for me. So I said, okay I need to stop eating out so much or all together, you know I'm sure I could save a lot of money that way. I need to sell some things in my house I may need to go back to insta carding Um, what else can I do? How can I break these things down so that it doesn't seem so overwhelming? And let me add that this is the most debt I have ever had Um, I was saying in my live on instagram Um, by the way, I do a live financial live every sunday sometimes on wednesday And we just hold each other accountable and we talk finances and just try to set each other set each other up For financial success I was saying on my live that the most debt that I had ever really been in was like $10,000 And it's always been easy for me to pay off like the minimum time limit for me to pay off $10,000 was usually three Months, but at that time I made more money. So now I'm in more debt but for less money I needed a plan So I created Let me get to it A debt payoff workbook. I understand that people make these there's digital copies Digital excuse me digital copy copies all online. I see all these different places But none of them really fit my aesthetic and I like neutral color. It started with me just creating The breakdown, okay the breakdown of how I was going to do things and then I decided to turn it into a workbook Let's take it out. I'm going to flip through it really right quick I don't even have to take it out. So this is the first page And then this is the introduction We have a contents page weekly intentions smart goal plans And I'm going to go through it. We're going to go through it because I need to fill this out Also, I didn't bring my iPad down. God, why did I forget my iPad? I may need to go get my iPad and show you the google notes version And then we have the debt overview And here's the debt payoff strategy And then this is how you're going to pay the debt you're going to put in the account up here Beginning balance due date and minimum payment over here once you make a payment You're going to put the amount the date that you paid it and then the remaining balance And there's plenty of pages of those And they're to a page front and back So this is all of those that you get and then here is our credit score tracker We had this in a bundle probably maybe our 22 bundle and then the starting score The year score goal your debt total and then you're going to each month right in the three Reporting agencies of your score. Now if you can't find one you can just do the ones that you can find I use credit karma. So I'll probably just use I think is Equifax and experience and then here here are some notes To help you build your credits to improve your credit score And then you just have a filler page here And the all of these are front and back besides this page here And then this is the debt pay off tracker And I designed it this way because I'm just like I said, I wanted it to be kind of my aesthetic So what you can do you're going to write your account here And it is in 10 percent increments and then you will take a highlighter Every time you pay 10 percent you can put your date that you paid it And then you can just color in each time and I was as I was telling my accountability group Is that you know, because this kind of looks like appeal you can just kind of go From here to here if you want if the color really any color that you want if this is too neutral And You get a couple of pages of those again, you get two per page Um, I want to say it's like 14. So it's two four six eight 10 So it's 10 pages again two on a page front and back and then we have the closing thoughts And I'll just read this little bit for you. I created this workbook out of a need for my own financial journey I love strategizing a way to complete tasks and like many of you I'm a planning girl I wanted to make a strategy of how to once and for all get out of debt My goal is not only Get to get myself out of debt but to bring as many people as I can with me along my journey I want to free as many people as I can from the burden of debt My ultimate goal is to live a debt free life and enjoy the life of my dreams Thank you for purchasing this workbook and I hope this workbook becomes a staple along your debt free journey And then we have the back cover page Again, I use five Five and a half by eight and a half. We'll just have a letter These will be available once you see this video. They will be listed um on the website. I also have a Um google notes version and I'm hopefully going to share that so let's hop in but y'all first I brought the wine. Okay, because I got some prosecco because I just like I need some help. Okay, and I got my wine glass here And it's kind of overwhelming. So I opened this the other day Not too much I do have this wine stopper listed on my amazon as well So we're gonna sip that there because honey So let's take a sip before we get into this Okay, so we're gonna go through this So the first in the contents set weekly intentions for your money. How will you tackle your debt? In the coming weeks smart goals mapping Set your goals and use the smart goals method to achieve them Set your goals and use the smart goals method to achieve them Checklist guide as you complete each step use the checklist to check off each accomplishment Page four debt overview list each debt the due date the amount minimum payment interest rate and balance Debt pay off strategy. What is your plan of action? Which method will you choose to pay off your debt? snowball or avalanche Debt payments as you make your debt payments be sure to list them in this section credit score tracker key track of your credit score as you start to pay off your debt Debt pay off tracker as you begin To pay off your debt this track tracker will serve as a visual aid in allowing you to see your progress Okay, let's get in it on my Good notes version I kind of started a little bit, but I want to start here. Let's take a little sip All right there when I did this before it says weekly intentions Having intentions for your money allows you to stay focused and remember the reason you want to become debt free Make a list of weekly intentions you could do to make sure you stay on track of achieving your financial goal For me i'm going to eat out less or none At all also, I created a note eating out Let me get that before I forget A no spend a no spend challenge and a note eating Out challenge. These are freebies on my website. This is the no spend challenge This is the no eating out challenge. It comes front and back like that And then this is the no spend It does come in letter. You can resize it to your planner But it is in letter size and just probably decrease The size so I am doing the no eating out challenge. I've messed up for the day, but it's okay Eat out less or none at all I want to save 10 to $20 per customer and put towards my debt That is how one of their ways I plan to pay down that debt Now I have some more listed on my good notes app again I will bring that down in a second and show you guys and then here it says goes goes our gentle milestones They got us toward our dreams not with urgency, but gentle consistency on the following page. We will set some smart goals Okay, next up we have our smart goals planned now On my iPad is listed as like the 29th 30 or something like that But we're gonna put two one two zero zero four because i'm doing this with you guys What do you want to achieve? I want to be I either sped it up or skip through it and I just wanted to take my time To really write this out. Um, it may be different on my iPad, but here Um, I want to be able I want to be debt-free. It says what do you want to achieve? I want to be debt-free able to get things I want and need without wearing help my family more How do you know that you have achieved your goal or that you are on the right track? The bill collectors will stop calling. I have money saved all bills are paid up What steps do you have to take to accomplish the goal? Let's eating out save every day slash every week and I'm going to add cash stuff in What is the goal important to you? How does this impact others? It's important to me because I want to be able to afford to not depend on anyone I will free others from having to help me When will you accomplish the goal? What's the timeline one year to 18 months? That's what I would like for it to be but honey. I don't know on the back Here is a checklist got to becoming debt-free Below will be a few checklist items to get you started on your journey check them off as you complete each step Now I've already written out each debt It says write down each debt that you owe you can use the debt overview for the step We're going to transfer all that over there Um total your debt. This is a tough one, but necessary stuff. This is a tough one tough But necessary steps. Excuse me choose a method which debt payoff method will you choose will you use snowball or avalanche or both? I already know I'll probably be doing both and I've already kind of chose that Goals use smart goals to help you got excuse me use smart goals to help guide you to becoming debt free I've already done that. What day will you pay? Set aside set a date each week or month that you will pay towards your debt I haven't quite decided and I want to say monday's but I haven't quite decided So I'm gonna leave that empty credit score tracker I'm going to come back to that because I haven't looked at my credit score I just know it dropped from the high sixes down to the fives Weekly intentions each week You should set intentions for your money and your money goals use the weekly intentions worksheet for this step I've done that now if you want to If you get the digital copy You can print this page every week if you want to or these are just going to be my every week things So that's what that is for. Okay, and then track your progress. We're having me to that far yet. So We haven't even made a debt Let's put this back Now I'm going to write transfer all of this to here. So I'll be right back. Okay y'all I need a drink And here's the thing I would I want y'all to know I'm really not a big drinker a big wine drinker, but uh Yeah I'm gonna need a drink. Let's add this up. I'm going to go through it real briefly and quickly Capital one the due date is the 15th. The minimum payment is $48. The interest rate is 29.99 My balance is 718 Walmart doing the fourth Minimum payment. I messed that up. It's $29 The interest rate is 29.99. I just could not find my white out now I see it after I've done but I'll correct that later and my balance is 79 99.06. Can you know how much my limit is? Everything is to the max. Okay. This is on capital one limit. It's only 500. Okay. It's been over The it was at 1.3 800 something dollars, but I've been paying on that Credit one is due to fifth the minimum payment is $30. The percentage rate is 29 24 The balance is 4 42 93 I think we're back at 500. I'll have to check that when I go to do my payments community Is due on the second is $40 The interest rate is $30 and 24. I mean, excuse me 30.24% and the balance is 303 They actually closed this and I didn't know it and I saw that I had my limit was only 500 And I saw I had a little money in there and I wanted to use it But I kept getting declined at the store. So I'm embarrassed and so I called them They was like, oh, you have to reapply. Of course, they didn't accept me So they would be on my first order of business to pay them off after I get rid of these down here Ulta's due on the 17th the minimum payment is $80 because this is a whole situation I This is my second Ulta card There's it's no excuse, but it's the truth. The old one was doing the second So I used to pay it on the second is being paid on time. Then I realized it was doing the 17th Well, trying to get into the system. It's like I always get booted out. They say that that's not my correct Number my numbers. So I've had to call to make payments and now I don't have it. So they're behind so The interest rate is 31.24% and the balance is 5 11 76. Can you the the total is only supposed to be 500 But I'm over paypal do under 25 57 dollars 29 dollars and 20 Excuse me 29.24% And it's 499 02 Navy Federal Credit Union that is a credit card is doing the 10th. It is a 20 dollar minimum payment They're the lowest 15% and my balance is 499. Yes, my limit is 500 Barclays I made a deal with barclays. They can basically close the account. I hated this card. I hated it. I hated it. I hated it so barclays Close the account but made a deal with me that they would lower my interest and charge me $50 a month It should be all paid off sometime either by the end of this year or next year But I'm going to be throwing them extra money once I get a little you know further along The percentage rate is 29.99 percent. The balance is 21 2132 and 64 cent The card was only 2000. Okay, next we have city bank and Here I put the minimum payment at 252. This is pretty much what is behind The interest rate is 30.49 percent and my balance is 802 90 I think with this one It is only like 700 limit. So I'm definitely over Alley, which is my car note I started not to include this because I don't plan to pay this off this year But you never know Also, I want to include this because once I get some of this down my goal for Alley, which is my car note is to pay bills on time refinance through my credit union get a cheaper Financing rate interest rate and pay this off before it is to end. So it's due on the 15th I pay 749 dollars to drive 15.6 percent interest which is Fair is considering everything else. Okay 33,140 dollars and zero force and zero for four cent So next we have corner corner is 232 and that is behind a firm Um, I put 95.34 which is overdue. I have a balance of 285 and then zip 237 52. So I'm going to start with these here catching these up Then like I said, my goal is to hit community Ulta and PayPal Navy Federal Credit Union I'm going to start on the low end and then I definitely want to add extra to our places. I want to be done with them Walmart capital one where capital one become will come before uh Walmart Once I'm able to start making payments I just realized that I didn't give the total on the debt overview. Let me do that now Jesus be Uh, a lot of me Jesus. What the heck? 40,060 600, excuse me 40,611 dollars and 86 And I did not mention that I have student loans. I have a parent plus loan with my daughter I didn't even add that But that's the only reason I'm not adding it because It's some person's gotten written off and I have time. So I'll be adding that later and We don't even want to get into it. It's a good I have my glass Okay, I don't know if I'm going to insert this into the video. So back to your regular schedule And the good thing is my soft launch went well, but what I didn't realize I use let me let me take a sip y'all because I'm my nerves is bad. Hold on What I didn't know was my PayPal was in a negative because I used that to pay for something didn't know it didn't clear And so the soft launch went well It covered that debt, but and I had a couple of dollars left here My debt payoff strategy, which is the snowball method and the avalanche will kind of use them together I'm going to do that off camera and then each time I'm going to pay on that I think I'm going to do it weekly. Um, I think that's what I'm going to do because Here is my binder and I have debt in here Right here I think if I let this sit I'll dip into it But if it's out of sight out of mind So each week when I cash stuff this I'm going to take it back to the bank and Pay it or either just use the slip Okay, and I started to take I do have My car savings And I saved a hundred dollars and savings y'all see is here. I ain't touch it. Did not touch it. Have me fill out the cars I try to take all of that and start knocking on some of that Quad hopefully This week we'll be making a debt payment Offline I'm going to do my credit score As I start to pay down the debt I'm going to fill out the debt tracker. We'll be doing that together Hopefully we'll probably be doing the debt tracker Hopefully once a month that I could pay off these 10% of all these things. So I will fill all this in Off camera by the time you see this video The print it I'm going to offer it print it right now the sizes that I have that my Accountability group asked for is classic HP a5 half letter and many HP If you are interested in this and these aren't any of your sizes. Oh, it also comes in a letter And these aren't any of your sizes Just leave me a message in the comment section and that way I can create that size for you Also, we're going to get into the good notes version real quick. What's that? This is the good notes version I'm going to turn off my ring light. So it's not distracting But I do have another soft light here on the side It comes in this format You have your cover page Your page after that with just the introduction contents Weekly intentions as you can see Let me zoom in just a little bit I wrote in no eating out less unnecessary spending any new clients put towards that any extra put towards that And I'm going to use this version. I'm not a digital girl, but I'm going to use this version over here I filled in my smart goals did my checklist Here is your depth overview that payoff strategy and the good part about the good notes version is you can double the pages And there's two pages of that here. We have the debt payments again And this definitely will be available When you see this video and then over here, we have the credit score tracker the debt pay off tracker And you have your couple of pages of those and then the closing thoughts page I always do this closing thoughts page And the back cover page that again is the Good notes version. I'm just scrolling through it Again, because I don't want to go too fast Y'all it's a shame, but I don't know how to Use my good notes. I've used it before But I'm going to try to do better Oh, as you can see, I did start listing some debt over here I've done my little checklist. I filled this in weekly intentions And there you have it Again, this is the good notes version So if you are a digital girl or you have an iPad and you want to Try this version as well. It will be available on the site again because That items will be printed. There'll be slightly more these start at 25 99 for the Digital version just you putting your own Because you're going to be able to print it for years to come as long as you need it the digital version again That's going to be slightly higher Because it's a little more detailed and you can print as many copies again as you want So they'll probably be roughly around the same price The printed version again is going to be just a little bit more Because I have to use paper and all that stuff and right now we're going to start with the sizes Unless someone, you know, there's a size to be requested and I have to resize and all that grace That is it for today's video. I'm going to turn it like so on and come out I hope that you enjoy today's video I would love to have you stop in every week. See how I'm doing hold me accountable I am just tired of being sick and tired and if you feel like I feel Please join me as I conquer this debt And take you guys along with me. I have not ever shared my car note on here But I wanted to be transparent to let you know I have debt. I'm not perfect I make mistakes in My budget all the time. I'm still learning Even though I love to budget and do finances. I'm still learning And with you guys help and us doing this together. I believe that we all can become debt free Now I understand that everybody does not have debt But if you just like to watch and see how I tackle this So maybe you can share with a friend and always feel free to share this video Maybe it will encourage someone and that is my ultimate goal is to encourage someone. It's time to Elevate in life. It's time to free ourselves Because honestly These credit card companies don't want to see us free. They want us to continue to pay these minimum payments and I'm over it I'm tired of the collection calls. I am over it So join me each week as I pay off debt I'm going to be doing cash stuffing. I'm so proud of myself with my cash stuffing y'all I was so close this week to like let me just take all this out of here And start over and just pay some of this debt because the calls was just calling. Okay If you are new here and you enjoyed today's video, do me a favor hit that subscribe button I mean have a drink. Let's toast to wealth let's toast to new beginnings And let's get this debt paid off. I hope you will join me in the future of paying off debt Again, if you enjoyed today's video, you're new here Do me a favor a huge favor hit that like button because I want to share this with everyone I want us to grow our numbers for 2024 I'm also going to set a subscriber goal for this year so that I can tackle this debt I don't get paid for my videos even with the amount of subscribers. I have I am not monetized But that is my goal this year so that I can use that to pay off debt as well So I hope that you will stick around hit that like button hit that subscribe button Come back for more content. If you're new here, leave me a comment in the comment section Let me know that you're new here so that me and my other subscribers can welcome you to the cove And I will see you guys in my next video Bye