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Hi, I have a question if I have loc at 35K, which is the cap at 10.5% and visa 28000 at 20.99%. Mc 2000 at 20.99 % Which one do I start with first. Thank you

We need more videos 😃 I hope everything is good with you. 🙏

Hey TOTAL DUMBBELL! WHEN is NOVEMBER 31st?????????

Hi Molly, after binge-watching your videos, it clicked. Thank you! I am rewatching them again to cement my understanding of your VB strategies. My income varies from month to month. I tracked my spending for the past few months to get true variable averages. I only work 10 months out of the year. I survived last summer because I used your matching "credit card minimum payments to bills" strategy. Now my focus is using the extra cash flow that these matches free up, to pay down my primary credit card. I do not have a line of credit. I tried to apply for a LOC with my credit union which I have been a member of for years. My thinking was, that since I have a car loan with them, I would qualify for one. Sadly, this was not the case. I pray that I can get one this year? I am extremely grateful for your channel and transparency about your own financial journey. My prayer is to get out of debt. Praying you are well and that God blesses the works of your hands exponentially! Amen!

How do the payment matching cards get payed down with this method? Won’t the balances stay the same?

@askmehowibudget, Molly, I love your Velocity Banking spreadsheets. I purchased them in October 2023 when they first came out. Thank you for your all that you do! Your strategic method of matching credit card minimum payments to bills payable with credit cards helped me survive last summer and get back on track financially. It would be wonderful if you created a spreadsheet for matching MPs to bills. Thank you again! I miss your videos and updates on your financial status or case examples. However, I know you are doing a new thing with collaborations. Blessings to you!

VB is a MASSIVE SCAM!!!

This is NUTS!!!!

Tobacco??? You should be BANISHED, to another PLANET!!!

Paying CREDIT CARD INTEREST….is NUTS!!!

Hi Molly,wondering how you are doing with the credits cards now.

Thanks. Just looked into getting a HELOC to consolidate credit card debt and decided against it. The upfront costs exceeded a full year of the interest rate savings it provided. I'm sticking with my velocity banking strategy and putting those upfront fee costs into the principle on my highest interest card. Thanks for the heads up.

what about the finance charges. in this case cc2. that bill brought the balance right back.

Thank you, Molly!! The light bulb finally turned on. 🎉

I bought the Budget Googlessheets but I don't understand what everything on it stands for or how to use all the sheets.

Is there anyone who can help me since she isn’t making videos anymore?

How do I get you help?

Fantastic.

Is that New MAth or am I missing something - you still owe the $48 and the $191, you just delayed the due date...

Are you saying you make an additional payment on each card to cover the interest charges in addition to payment for the ‘other’ bill payment.

This would work for responsible people who pay for what they spend on the cc. Fools like me and my family buy things with the cc and only pay the minimum because we can't afford to pay in full for what we purchase on the cc. I do like the concept and have been using it as best I can but it feel like trying to bail water out of a boat full of wholes. I find that using the cards only to pay for things I will be paying for anyway, like the cable bill, is the best solution for us. Otherwise, we spend spend spend and can't keep track of all of these small charges which add up and we can't pay for.

What if you don't have enough bills to match to all your credit card payments?

Great presentation! Thank you

CAN YOU HELP ME WITH MY DEBT

Molly, I hope you're doing well. I also hope your debt payoff journey is going well. Hope your family are doing well. This will probably be me last comment on your channel. If this is the last upload, just know that you're contribution to the VB was humongous beyond measure. All the best until your next upload. Have an amazing year.

I have a question, so I made 193.00 payment,this cover my storage,and couple of subscriptions,my due date 17th,however it did lower my balance bexause min 115.00 however when the interest was added by the 24th,I had make another payment for my storage and subscription could be covered.My question is do i need to reset ny due date for my storage and subscription?

I have a question, so I made 193.00 payment,this cover my storage,and couple of subscriptions,my due date 17th,however it did lower my balance bexause min 115.00 however when the interest was added by the 24th,I had make another payment for my storage and subscription could be covered.My question is do i need to reset ny due date for my storage and subscription?

Great!!!

Excellent advice!

I am so lost on this video.

So was this the last video of this channel?

Can I send you an email

Whats your email? I have a question?

I’m not a dense person, but I’m still not getting it. I’ll follow your advice to keep watching videos, and maybe over time things will click, but I’ve watched Christi, Denzel, and others and I can’t seem to break the old mindset. I’m not going to give up though.

YOU THINK YOU CAN HELP ME WITH MY DEBT? I NEED HELP BAD!!!

Thanks for sharing. I do something similar to this strategy except the card we use is paid off at the end of every month. 💙

My highest minimum payment card has the highest balance and close to maxed out. I been using my lowest balance card with the highest interest as my primary. Am I wrong or don't it matter? I was going to snowball to the next lowest while still matching up or sleeping other cards.

Molly Where are you? You have not posted a new video in over 5 months. We miss you.

Do you have an email where i can send you a message about my financial issue?

Thank you for clarifying this. Im finally starting to understand this.

Can you better explain or show me a video on what exactly I’m doing with the other two or three cards each month. Am I paying the minimum with the card I’m using as a debit card?

So what do I do with the other 2 or 3 cards each month while I’m paying off the first card? Just not pay the payment that’s due? … I’m just trying to understand.

I have multiple, 2 or 3 is 0 percent interest. Do I use one of those for primary or no?

Thank you for the budget examples. How you drill down on your own and others budgets I find really helpful. Anchors the VB concept into my mind.

What is it meant by the longest stretch of time between paying the CC and paying the bill with the CC?? @2:01

I've asked a number of times ...how does the $438 get paid to primary card. Through cash advance? Balance transfer? This has never been specifically explained.

I disagree with you. If you have $3800 /month of minimum payments on your credit cards, a 30-year fixed rate HELOC for $90k comes out to about $746 /month, with the option of paying early and extra payments without penalty, you can make a double payment each month and still pay less than half what you would pay for all your credit cards. In addition, the interest you pay, is tax deductible..... no brainer.