Debt Payoff Basics: How to Pay Off Debt and Stop Using Credit Cards Without Shame or Living on Beans and Rice | 588

20:43Yeah. Okay. And again, like Vanessa said, this is Just understand there is a balancing act here. We're not asking you to give up everything in order to pay off debt. We want you to budget the things that you're definitely going to do. That's especially, don't lie to yourself. I'm never going to get my hair done again. I don't believe you, friend. I love you so much. So let's be realistic. Let's put the things in there that we're going to do. That way we have them budgeted. And then anything extra, if you want, if that's your goal, which it is, because you're here, you're going to know how much you can pay extra on debt.

21:10Do you guys have any questions so far? We've been talking 30 ,000 minutes. Miles a minute. I got you covered. Don't you worry, my friend. We're friends. All right, Budget Besties. It's time for some Real Talk. You don't need another budget. You need a budget system. Our simplified budget system is what you've been looking for. It's going to allow you to be bougie on a budget. You'll be able to easily set up a system that runs automatically and shows you exactly where your money is going. And it's going to give you permission to spend. Everybody loves that. It's straightforward, pretty, and packed with walkthrough videos that break down the exact methods we use with our clients to get out of debt, set up a bills account, separate spending, build savings buckets, and end the paycheck to paycheck feel.

21:52If you're new to budgeting, this is the perfect way to jump in. And if you're already a budget nerd like us, you're about to meet your new obsession. This is the upgrade to your finances that you need. Now back to today's show. Okay, good. So now we're going to talk about your payout method. We've got some options here. Yeah. Shana said at the beginning, listen, if you've heard of Dave Ramsey, you know that he's really big on the debt snowball. It's the only way it's the way it's whatever we understand that, but we actually show you three different methods inside your simplified budget system, because we think that they're all important based on who you are, the debts that you have, what you've got going on, what your goals are, and maybe how much money you have to pay off debt.

22:34Yeah. And also I think it's important that the cute little icons. Oh, I know. He did such a good job. That's important to me. These things matter. Okay. So snowball. You guys have heard of this before. This is where you're going to pick the lowest balance. That's the one you're going to tackle. This fun friend who had$417 extra to pay. She's paying it on Ally. So that's, we're going to talk about that in a minute. But theoretically, according to the minimum or the snowball, that's the one that she would tackle would be the Barclay one because it's the lowest balance. Does that make sense? You guys understand that one, right?

23:10Yeah. Yeah. So based on this, that snowball, you would pay the lowest balance first, but in her case, she's deciding to tackle the ally because that to her is the most important in this season of life that she's in. And so let's just review here. So then the avalanche is the next one, which is to pay the highest interest rate. Now this is really fun for nerds. They really love to think about how much interest they're going to save. And so the, what are the pros and cons of avalanche? One of them is that you would save on interest. The problem can be that it might be such a high balance that you're really not going to be able to make a lot of progress and it's keeping you from making progress on the other small things, right?

23:49So sometimes you might have a 25 % interest rate on a$20 ,000 loan, and then you have these other piddly little credit cards. And if you're focused on that avalanche, then you're never going to get those ones taken care of. But a lot of times with our clients, this is why we say it's not cookie cutter. There's not one or the other. We will, if they get a tax return, a bonus, commissions, or something like that, then we're going into avalanche mode because we do want you to save that interest. And if you have a big chunk to throw at it, it's a great chance for you to do the avalanche method. And you'll usually get a lot of money back in your pocket each month.

24:23Somebody just asked a question in the chat. Does your system show your debt-free date? Yes, we do, girl. Okay. So based on this budget right here, if you go to your, on your budget, we have the debt snowball here. We've got the debt avalanche and we have the debt minimum. It shows you in all three of them, when your debt payoff date is going to be, how much interest you're going to pay, what your average payment is going to be, how many payments you're going to make. Okay. So the debt snowball focuses on the balance. You're going to pay off the smallest balance first. So it categorizes that for you.

24:52The debt avalanche is the highest interest. So that's why that one is bolded at the bottom. And it's going to show you exactly that listed from highest to smallest. Right. And again, it may be something like Shana said, you tackle because you have a bonus because you have tax return. And then you go back and you change your method. You can switch between snowball to the avalanche to the minimum based on what's going on in your life. But yes, this shows you all three of them. And that's why it's so important to see it all. A lot of budgets are just confusing the way that they list everything out.

25:22Somebody said they're a visual person. They were happy about the emojis or whatever, like I was, I'm a visual person here. I need to see it and be able to look at it all on one page. That's what really helps me. And this helps us with our clients is what we do too. So I can look at it all at a glance and I can very clearly see, okay, I'm going to tackle this one first. And then if I do get a bonus, I can clearly see, and we do this all the time. We'll go put it into your budget, your tax refund,$5 ,000. And then we're going to look over here and be like, Oh, you can pay off two cards, three, two and a half safeguards, or maybe they have a balance, one that is 5 ,000.

25:54And we're like, let's just take care of that one real quick, because look at the interest rate that you're going to be able to save. In the other case, it could be that they are going to pay off a, or they're going to look at doing the minimums. What is the minimum method to pay off? Sometimes you guys raise your hand, if you have any debt in your debt list that you're making right now, because we told you to, where the payment is like really high compared to the balance. You might have a$500 payment and it's a$2 ,000 loan. And you're like, okay. And then I have this$10 ,000 loan and the payments are only$60 a month.

26:25I don't understand what's happening. I know. Usually those are like utility loans or appliance loans or furniture loans, different things like that. I had a lady one time, she said, I'm not focused on paying off my car. I want to pay off my credit card. And I said, yeah, but you could pay off your car in two months and that's$800 back in your pocket. Every month. Every month. And that concept had never clicked for her. So it's not necessarily the balance, guys. Yeah, we look at the balance, But sometimes we're over here going, okay, like this one, if you pay off this, you'll get$370 back in your pocket every single month.

26:56This debt tracker has lots of good examples. It has a great example about let's not do Amex. Okay. Love them. But I will say all of those Amexes are 9.99 because they called and they got on a payment plan and they were able to, and they were able to get a lower interest rate. And so that, that is something we're going to talk about later on, but you can see that Wells Fargo card. Do you understand how serious I was about them paying off that, that well-starred card? And why is the payment$323? I need to know more about this anyway. And so even though there is a, the Home Depot card is a lower balance.

27:27I don't care. I need you to pay the other one off so you can get$323 back dollars back in, into your budget. If she was following the debt snowball method, Dave Ramsey would say, oh no, you don't touch this 1562. You don't do that at all. you would do this one and get$55 back when literally the difference on the pay, what is this? A hundred dollars, a little over a hundred dollar difference in balances. Shane and I are like, no, we're going for this one. This one makes the most sense. And then you get$323 back into your budget, which I'm going to sneak it in here later because I might forget to say it later.

27:57When you get money back in your budget each month from these minimum payments, you have choices. Okay. Very often we're going to try to roll that into paying off debt if that's your highest goal, but it also might mean for this one okay we're each going to get fifty dollars extra spending because we've been like frugal and so we're going to increase our spending by fifty dollars and then i'm going to put the rest or i'm going to put 100 into christmas and now the rest of that 200 or 123 is going back to that you get to decide as you pay off and maybe you say every three credit cards or every two times i pay something off then i'm going to increase my lifestyle a little bit if you want or my savings a little bit instead of just all of it going to to debt which is the snowball method, right?

28:35You pay off the amount and that, that minimum payment now goes back to debt. That's very possible. Very, it's a great idea, but also sometimes you should, you could reward yourself or that's when you start those savings buckets that you couldn't do before. We think it's important to just pause and go, okay, I have this money back in my pocket. What is the best way to use this? How can I be the best steward of my money? So I don't go back into debt. And maybe that means you have to put some of it in your savings buckets for annual bills because you have some big things coming up. And like she said, Christmas, Christmas is going to be here guys before we know it.

29:09And if we don't want to use credit for that, let's start saving. Let's start putting money aside. But the debt snowball method would make you think that you have to use all of that 330 to something dollars all towards debt when sometimes that's not the best option. Okay. Somebody asked about student loans and here's a trick for student loans. If what we typically do is we put student loan, cause you have one amount in there. We put it in there. And then once, once you're recovered, once you made a little progress, then we go in there and we definitely break them all down. And that can be a lot of different.

29:42You can have a lot of different ones, but sometimes we want to wait a minute, but you want what you want to do eventually is make sure you have each one individually. Once that's all that's left, your student loans, you're going to start tackling them individually anyway. So it's going to be a good idea to have them in there. Especially since a lot of them have different interest rates. And like I said, when you do get to the point where those are your target, you want to tackle them individually. So you can feel that success. You're not just going to lump a whole bunch of money and, and let them decide where they're going to put it.

30:10No, you're going to decide and make that plan for yourself. And, and yeah, so a lot of people have student loans. I just wanted to make sure that you were aware that you're not alone with that. Oh yeah. And then I wanted to go back over here and I was going to show you guys that you can see the interest rates here are very different. And a lot of times that's what we were talking about. This person might say, I want to tackle this one. And it makes no sense to either, what's her name? Or it doesn't really make sense to Dave Ramsey, but it makes sense to Susie Werman. Apparently she's the one that coined the avalanche, maybe in strict opposition to Dave, I don't know.

30:44But it's not the highest balance, not the lowest balance. The payments are in the middle, but that person's like, look at that interest. It's killing me that I'm paying that interest. So maybe that's the first one they're going to tackle. And that's definitely up to you. it's up to how you want to go about paying off debt yourself. I am going to say this is a client of ours and by using the simplified budget system and by using the DIY debt relief workbook, she took her monthly minimum payments from a hundred and something dollars down to 500 and something dollars, saving$463 a month on just minimum payments permanently.

31:18That wasn't a six month plan or a three month plan or a one year plan. That was a permanent change in her monthly minimum payments just by using the plan and seeing her numbers and calling and knowing where her options were. Okay. I want to pause here because we have a couple of questions. Is it ever worth dipping into an emergency fund to pay off debt? We actually didn't show it here, but one of the first things that we do is we look at your, we fill out your asset tracker and you would do that in a simplified budget system and go in there. And that's when it's really interesting. If you have, let's say you have, you know, 20 ,000 or 10 ,000 or$5 ,000 in, in a savings account called emergency fund.

31:54And let's say that you're like our fund friends over there that were paying$323 a month for a loan that's of 1400 or$1 ,200 or whatever it was. And you're barely scraping by each month. Yeah. We're probably going to tell you pay that off and you can either refund the emergency fund with that 300 part of that$300 that you're getting back in your budget and you're not paying interest and you're not, you don't have to pay that, right? There's no bill requiring you to have that much of a payment. We're probably going to. So it really is going to be up to you what you feel comfortable with. Dave Ramsey will tell you you're only allowed to have a thousand dollars in a saving in an emergency fund and you have to put everything else on debt until you're done with that.

32:32We're not going to tell you that, but sometimes you, you would rather get some of that cleared out and then you can immediately start paying it back. Michelle pointed out here. Yeah. We have some people that come to us and say, I have all this money in savings, but I owe all this money in debt and I'm hoarding the money that I have in savings because I'm scared and I'm nervous. And one of the things that we like to do is kind of like a little visual, right? It says, okay, if you have all this money in savings over here in this bucket, and you're so excited and you're probably making tops 5 % interest on it, if it's in a money market or high yield savings right now.

33:01Okay. That's fine. So happy for you. That's exciting. You worked really hard to make that happen. But over here, you owe all of this money in debt and you have 23, 25, 24, 32 % interest that you're paying every single month on this. Do you actually own the money that you have in savings because you owe it all over here and you're making some 5 % interest, right? I get it. But you're also paying 23, 25, 24, 32 % interest every single month and all these cards. So we don't want you to use all of the money in the emergency fund. That would be reckless, but there is a, there's a balancing act here that you have to make the decision and decide, okay, okay, if I do have all this money, not in investments, we are not about taking money out of investments, but if you have money in savings and it's sitting there and doesn't have a purpose and it's for emergency, but you're paying all this money in debt, you probably need to make a decision on what is the best option for me to be able to give me some wiggle room in my budget that I need to make some progress and to get a step ahead.

33:55Yep. Okay. And then the other question I just answered it in there, but somebody was saying they don't focus on paying off their student loans because they can write off the interest. Let me go a little deep here, but that is what I kind of would consider. I guess the finance bros would think it's really smart, but I would kind of consider this a poor man's mentality. Small minded thinking. Small minded thinking because you're not worried about what you're writing off. You're going to, you're making money. You're living your best life. Are, we're not trying to stay within this, this tax bracket or stay within this little area.

34:27We're thinking about building wealth. Okay. That's actually what our goal is. And we're not doing that by paying interest. even if we're writing it off or we're not doing that by making that monthly payment. And I wrote that in the chat. You're making that payment. You're paying interest. Maybe you're writing some of it off. I doubt it makes that much of a difference in your taxes, but what could you be doing with that payment that you would have in cash? You could be, like Vanessa said, it could be making even a little bit of money in a high yield savings for something, or you could be investing it.

34:54And that is the bigger vision that we have for you. Yeah. Okay. I'm going to share a small story really quick. I don't, we don't have a lot of time, but if we had thought that way back in 2018, when we were going to go pay off our house, we would have not done it. And our kids wouldn't be in private school. They wouldn't have opportunities. We wouldn't be able to play travel sports, paying off our mortgage seven, eight years ago allowed so much opportunity for my family. But my husband from all his finance pros and guys at work were saying, don't do that. You can write off your interest. Why would you pay it off?

35:21Your interest rate is so low and you can invest and make more. It wasn't about that for us. It was about building wealth. It was about security. It was about taking that monthly mortgage payment and doing so much more for our family. So I just wanted to throw that out there. Yeah. And then somebody said a few 401k loans to pay off debt. Yay or nay? Nay. Done. Ta-da. Don't rob from future you. That's what we want. And even if you think it's a really good rate or it's the interest or whatever, you're not compounding if the money's not in there. And this is something good that you've done for future you.

35:52let's go ahead and clean up for present mess with present money and let future you still be secure okay no investments don't touch your investments to pay off debt we really believe you can do it a different way okay what about dipping into your annual bill savings accounts pay off debt nope you need those those are bill they're just as important as a monthly bill guys love oh this is our friend we've we this is shah our friend also the thing about that is you're going you're going to go back into debt if you don't have the money in the annual bills to pay the annual bill when it comes. Go listen to episode 197 with Becky.

36:22She is such a good example of what, of calling everybody, what she did, what happened. We don't want you to, none of you have asked this, so that's good. You're probably not thinking about it. We don't want you to use a consolidation loan. We don't want you to go into bankruptcy to get rid of all your debts. We know you can do it and we're going to help you figure out how to do it step-by-step. Yeah, absolutely. And we also have another episode with a client who we coached, who they literally found our episode days before they were about to sign with the debt consolidation and did not believe that they could do it on their own.

36:51And then we walked them through how they could. And their story is just transformational. Yeah. And that was actually really recent. I'm trying to think how this couple avoided debt consolidation. Go listen to episode 568. Love them so much. They did a great job. And anyway, so let's talk about what we're talking about, which is that you don't need to use the debt consolidation really quick. They, and I actually just have a new client. I'm just thinking of all my fun new clients. And I, she was so excited because she's got this debt consolidation, this payment. She called them to try to figure out, they're like, they couldn't really tell her where she stood, which is very normal.

37:26They don't, they are like pulling money over there and you're their last priority. So when I told her, you can probably call those people yourself and get pennies on the dollar, make your own offers because they're not going to do it. And you're just going to keep paying the money. And it's not small. The lump sum that you get for a debt consolidation loan is not small and they're not taking care of it. And so you don't get the relief that you think you're going to get because you just have this huge payment and you don't know what's happening. So you're not going to save time. You're not going to save money by using a debt consolidation.

37:52You can do it faster yourself. Yeah. So will it actually save you money? No, it won't. I'm going to tell you that. What rate are you getting? You usually don't know. And they're making money off of this. So when they tell you, we do this for free, nobody does anything for free guys. Okay. They are doing this. They're making money in the backend and the deals that they're making, You could, like Shayna said, make for yourself and pennies on the dollar and save yourself a ton of money. So we want you to be your own debt payoff strategist. Okay. And so there's some different tips that we can tell you.

38:22You can, you can call them yourself. Debt consolidation is not a magic wand. A new loan won't fix a broken system. There. Ta-da. Okay. Let's go back here. Sorry, friends. Love you so much. Okay. So let's talk about calling your creditors. I loved this client. She was not messing around. And again, don't feel ashamed. Look, she's got 12 different lines of debt and 11 of them are, or no, 10 of them are credit cards. Okay. One of them is a healer. But anyway, it's very normal. You're normal. This is you. This is normal. Right. But look at all these notes and you can do this here. She called every single one of these and look how many of them gave her a 0 % for a certain amount.

39:00Right. So if you might need, and this is all in, by the way, this is all in our DIY debt relief workbook, very thought out. All of all the details are there, but you might need to not make a payment or at least let your payment go late in order to call them and get a deal. But look at, she called all of these people, got all of these people to give her a 0%, a couple of them to give her six. And believe me, this is the first time I saw the 29.9 and I almost died. 29.9 % on a $14 ,000 loan. Absolutely not. No. And so she was able to get really good rates. And we have, like Vanessa said, a lot of people were able to get lower payments.

39:35Maybe sometimes you'll get both. And so that's what calling, you're going to sit down now that you have this list and you're going to call each individual one and see what kind of plan they have for you. Yeah. So a lot of people don't know, and they don't want you to know that you can do this on your own, but you absolutely can. You can take matters into your own hands, understanding what types of debt you have, who you're dealing with, what to say, like all of that matters. It's really important. They're looking for keywords and all of this. So you just really want to make sure and just understand that yes, there are debt consolidation companies out there.

40:06Again, they're making money to do this. It's something that you can do on your own. You just need to be told how to do it the right way. So you can call them, ask for the things that, like I said, they already have something in there for you. They have a plan for you. And so you just need to call them and they'll be able. And you know what? I used to be really mad at Amex because they wouldn't give deals. I have had a lot of people have success with them now. Target, pretty good about giving some, a minimum deal for you. So good luck with that. And then Wendy said, how often can you ask? Multiple times a day.

40:37Yeah. Okay. Yeah. I mean, yeah. Didn't you say, I remember our fun friend, what was her name? Monique. She's like, I called five times until I find somebody who was willing to help me. And it's true. Anyway, you guys know, sweet but tangy, Kaylee. So you might get someone who they respond to your version of sweet but tangy better. And, but the idea, Becky just said, I called for four months. Some worked with me and you know what, Becky, we, do you remember in her, in your budget, Becky, we just blacklisted the mean people. We're like, fine, we're not paying you. Like we did. We like literally said, you're not getting paid.

41:12I'm just not paying you. That's what's going to happen. And it was pretty rough for a couple of months, but I got over it. Yeah. And her credit score went way off the charts after, after she did that. And she would just blinders on not caring about that in the mean, in the meantime. And then, but what I, but yeah, I remember us blacklisting the people that didn't help her. We didn't pay it because she couldn't, you might be in the position where you can still make the minimums, but there was, we were trying to be aggressive about her debt. And so she had to make choices and the people that were nice got paid.

41:41That's how that works. But listen, if you're in a situation, you have to be okay with your credit score, not being perfect right now. If you're not going to pay somebody, understand that there's consequences of that, but that is okay. That is a decision you're making for better, right? Becky, you have, you can be a testament to this at the moment. Yeah. Things didn't look great, but a couple months, a year down the road, things were way better than you thought. And people tell us all the time. My credit score is better than it's ever been. It's not what we focus on, but as a by-product of what you do and what you're, what you take care of.

42:11So taking the leap now and making these sacrifices right now, as far as getting rid of debt, making a plan, making a budget, figuring out what you can tweak here and there to get the money that you need to put extra on debt. It all matters down the road. Yep. Okay. So that's the long and short of everything. You guys, I know we we've blasted through a lot of information. We're going to get out of here in the next nine minutes. And if you have any questions, put them in there right now. Okay. But yeah, right now today we have a special offer for everybody. Yes. For the first time, guys, we're going to bundle this for you guys.

42:43We're bundling the simplified budget system with the DIY debt relief workbook. We did this specifically for this workshop. We know that you guys need some help because listen, the DIY debt relief workbook has a lot of knowledge and information. We actually recently updated it in the last six months. And there's so much in there that tells you what you're looking at, why you're looking at it, why it's important. What is the best strategy for you? The vocabulary, the language, the terms that they're looking for. We have mock scripts in there. We have different scenarios on how it can be successful.

43:13So all of that is there for you. Plus the biggest thing, guys of all this is the simplified budget system does everything for you. It's got the, uh, that snowball, the avalanche, the minimums, it, all that is auto populated, right? The debt tracker is there in order to be successful. You can make some phone calls, but if you don't have a budget, you don't have a system in place. You don't have a way to be successful. It's not going to last. And that's why we tell people that this isn't a quick fix. We want you to change your mindset, your habits for a long time, right? This is something you're going to implement.

43:42That's going to last for the rest of your life and something you can teach your kids and your grandkids over and over again. So that is why we love it so much and why we want to share it with you guys. Yes. Uh, so the budget system, simplify budget system, you're getting that bundled with the debt relief system and, or the debt relief workbook. And here's just a sneak peek. There's a lot going on. We include a lot. It's a lot for what you're paying. We love you so much. We've given it everything, everything possible that we can give you. We've included it. And so you can see that here. And so, yeah, we just, and then that's a little sneak peek of what Vanessa was talking about.

44:21Look at this other bonus. Yep. So we've have a debt relief workbook is bonus. Number one bonus. Number two is the budget system series. We talk about that when we did the workshop at the beginning of the year, but you want to talk about setting up your budget start to finish. That is it's key here. And then bonus number three is that coaching action plan. You want to talk about having us in your back pocket. We specifically made this after we had, I don't We took however many clients and we did some research and we said, okay, what did all of these clients do to be successful? And we put that in a plan for you.

44:52And it's basically given to you on a silver platter. And if you can work through those, check all those off, you will be in great shape. All right. And then the last one is an oldie, but it's a good one. We have it in there. It's bonus number four. It really walks through in depth. There's, I think, hour long trainings for every single one of these. If you want, right, they're a bonus. We want you to do all of this stuff at the beginning, but this is stuff you're like, okay, I want to hear every single thing that Vanessa and Shana has ever said about budgeting. Listen and watch all the videos and these bonuses.

45:23Okay. What if you don't have time? Honestly, you don't have time not to. That's really the answer. But the other thing here, guys, is have you guys heard me say this on the podcast? If you set a goal to get fed or lose weight or whatever, you have to go to the gym January January 1st, January 2nd, January 3rd, January 4th, January 5th, probably January 6th too. You have to keep doing it. If you get our budget system, get this debt stuff going, set it up one time, you're done. You don't even have to do it January 2nd. You're done because you can set, we teach you how to make all of this automatic.

45:55The only thing that will be manual will be your debt payoff, your extra debt payoff, which really, we have clients that are like, they'll wake up at 5am on payday so that they can pay the extra on the debt and they're just so excited. And that's That's the only thing you're going to have to do manual. Everything else is going to be done for you or done automatically, which is going to save you time. And if you need to talk to your spouse, we get that. This is the perfect way to start this conversation. It's giving you neutral talking points. It's giving you somewhere to start and, and it's going to help you.

46:24And also you honestly made everything, the cost of one trip to target that you would have put on your credit card. Anyway, let's be really honest. Okay. We feel if you, if it's, if it's something that you want to kind of take on your own and do, then you can. But also it's the perfect way to start the conversation. And again, first time, all this is going to be bundled together. We're so excited to offer it. And this is a special link. If you go the other way, it's going to be 244. So if you use the link in the chat, you'll get all together for 197 and have access to both courses. Hold on, wait.

46:53The bullseye takes away your, oh, Target. Are you talking about Target? Can I tell you, I went there on Tuesday. I told you. And I went in to get the snacks for my volleyball girls. I always bring the snacks on the way home. You have to do this. And I had to run out of the store because they will spend all of my money. So I get it. They need to make glasses. Like when you go in there, they have blinder glasses. Everything is what I want. They have all the things I want. Anyway, so I totally get it. But anyway, so yes, let's ask your questions. Let me answer this one right here. First of all, Edna, everything is in.

47:25So all of the bonuses other than the debt relief workbook are inside of the budget system. Of course, everything is there. So if you have trouble finding that, we can help that. but it's all there. So you'll, if you already have a budget, you'll have all of those bonuses. Okay. There was a question up here that I'm going to find. Somebody asked if you're upside down each month, is it better to stop paying on some cards so you can stop using debt to cover everything? Yeah. Yes. Otherwise you're not going to be able to get out of debt. And that's what Becky talks about on the podcast. So I'll share her personal details.

47:54She's fine with it, but we did stop paying some credit cards until so that she could fund her life without using them, pay off a couple of credit cards. And then we got to go back to paying them. But listen, if you can't pay it, you can't pay it. And you might be, that might be something you tell them when you call. That's fine. And you don't want to give me a thing, but I'm not going to pay. And by the way, which is part of the bundle in there, we are telling you that you will have success if you don't pay them more than you will. How does it make sense that you're a great customer? You pay your bill all the time and they don't want to help you.

48:24But as soon as you don't pay your bill, they're more helpful. We don't get it, but it is the way it is. So you might have to do that. Lacey asked if it comes in Excel, it doesn't on purpose because you have to pay for Excel and we wanted it to be accessible to anyone, anywhere. And so if you just have a Google account, it comes free. So that's why we put it in Google sheets. That was a decision that we made to help everybody out. Okay. All right. Any other questions, you guys, you guys have your worksheet from the workshop, right? So you guys continue to fill those out. If you're on a replay, you can go in the show notes.

48:55You can go in the email that we sent you and you can have the worksheet there just to give you a jumpstart to this. Yeah. And what you need to do is obviously get the bundle, but go ahead, get your debt list. Remember we're not, nobody's ashamed. Nobody's sad. We're taking action and you should be really proud of that. And you should be motivated. And you can be like our clients that wake up at 5am to pay off the debt and you can be, you can do hard things and you're never, all of you said, and when we started this, I am, I'm going to pay this off and I'm never going back. And that's what we believe for you.

49:23That's where you're going. This is what you're here for. And we totally believe in you. Yeah. You can be like Michelle. She saved 60 % on her credit card balance. Okay. She called them. She got 60 % off and a five month plan. That five month plan payment was less than her regular monthly payment. And there was no hits on her credit, no nothing. And she got that thing paid off in five months. And I think that brought back, I think she was able to get a$1 ,300 back in her budget every single month, which is huge. We had Mike, he called, I forget what company it was sweet babies. I know 32 % interest guys.

49:59And it moved to 0 % 32 to 0 % for the life of the card. That wasn't web promo thing. He got$600 back in his monthly budget and they were scraping by. This was really hard for them. That literally went towards gas and groceries. That's where it needed to go. And that was a huge help for their family. And then this is Monique girl. She is just spicy. We love her so much. She had a 30 % credit card that they moved down to 7 % for the life of card. And that was really helpful for her. And that was only one of her success stories because like Shana said, she was not backing down. She made those phone calls all in one day, found somebody to help her and was able to get the success that she needed.

50:37So guys, again, 197, normally it's 244. We bundled it for the very first time. We've never done this before. First workshop for the debt. We've never done this before either. So we figured it would go hand in hand. We're so excited for you guys to make some progress and get out of debt. But remember guys, this is probably the only budget. That's not just a budget template. It's a budget system. You put it in one time. It does everything for you. It auto-populates every single month. It teaches you how to make your budget automatic, right? Shana loves to say automatically. So that way it's a set it and forget it situation where you have a life to run.

51:11You have kids, you have family, you have jobs, you are active in your community and your church. You have a lot going on. Maybe you have parents that you have to take care of grandparents that you're taking care of. You don't have time to sit there and be in the minutiae of it all. This system will allow you to take a step back, set the plan up and walk away from it and maybe just check in here and there. And it allows you to live your life. All right. We are going to go because it's we're one minute over, but remember we told you we're going to talk the whole time. We love you so much. Thank you all for coming.

51:37Thank you for the feedback. We hope that this was inspiring and the colors were pretty. Everything's important and we know that you're going to do it. And we're so glad you joined us. If you have any other questions, go over to our Facebook group and ask them there. We'll be happy to answer. And we hope you all have a good rest of your day. Bye. If you make good money but have nothing to show for it, this quiz will help you figure out what's really going on with your money and what your next step should be. You'll get a personalized result and a simple action step to help you feel more organized and less stressed.

52:05Go to budgetbesties.com forward slash quiz and take the free quiz today. That's budgetbesties.com forward slash quiz to find out what's really going on with your money. Thank you.