Unleashing the Power of Velocity Banking: My Week in Review (Part 3 of 3)🚀💳💰
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- čas přidán 7. 10. 2023
- Join me for the conclusion of this Velocity Banking Week in Review (Part 3 of 3)! In this video, I break down my strategic approach to handling multiple credit cards and bills. I emphasize how this method doesn't just pay down debt, but rather neutralizes it, providing flexibility in managing cash flow.
By matching bills to credit cards, I ensure I have extra funds to pay down my primary card. My primary card serves as my daily spending hub, including groceries, gas, and budgeted items. I share my insights into how I track expenses and manage my money.
Witness how planning and disciplined spending lead to an impressive $182.60 reduction in my primary card balance for the week. This video demonstrates the power of Velocity Banking, showing that it's not just about spending less, but spending smart.
Don't miss out on this eye-opening video that unveils a unique approach to Velocity Banking.
Did you know you can shop for printable Velocity Banking worksheets, Case Studies, an excel template, and a hard copy of video summaries here? payhip.com/AskMeHowIBudget
New items added every week 🚀💳💰
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Once you learn how velocity banking truly works, I think you'll be convinced, as I was, that this is the BEST way to pay off credit card debt.
NOTE: I am not a financial advisor and I do not provide professional financial advice; the information presented on this channel is presented for information and educational purposes only. Following any words, actions, or advice in this video or on this channel AS professional financial advice is not intended and is the responsibility of the viewer, not the video creator. The knowledge presented herein was gained from my personal journey getting out of credit card debt. This channel was created to share my experience with others.
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Download my Velocity Banking worksheets and case studies here payhip.com/AskMeHowIBudget
I love you illustrations. Wonder adjunct to Christy’s videos. You 2 are a team
I like your videos better than Chrysty because I can’t get a lot of credit to do this. I like your realistic version of using credit cards.
I learned from watching Christy, I just had to modify to fit my situation. 🙂 I'm glad you find it helpful but I have to give credit to where credit is due and Christy and Denzel are where I learned how to do this. 🙂
You are good ma'am. Very good teacher - very nicely explained. Many thank yous. This is awesome.
I'm happy your doing this. I'm still not grasping 100% but, ill keep watching
Working on a new video now, where am I losing you? Your feedback helps me improve the presentation. 🙂
Thank you! I think breaking it down per week will help me too. I love your videos.
This makes better sense for me! I think I’m starting to grasp the multiple card method a little more easier. I’m going to revisit those videos.
Can you show how to do this when pay is once a month?
I have also watched the videos, but not sure how to apply to my situation? Ionly have cc's as well
I love your videos! I paid off my first card last month and I'm undecided on which card to tackle next. I was going to get the next lowest balance but my 2nd lowest has a higher interest rate, what are your thoughts?
Highest minimum payment. When your primary card is the card with the highest minimum, your use of the card (purchasing and paying for your variable expenses I.e., groceries and gas) makes the minimum payment.
I'm just curious. What about the interest that adds up every month?
I have been watching for a while i dont understand how to apply to my situation. :(
Noelle, I'm sending you an email.
I get paid once a month. And autopay for the bills on CC. What would you suggest I do? Getting paid monthly is so confusing I get paid the 26th of each month.
Send me a list of your bills in order from the first of the month through 31st. Let me know how much the income is and I’ll see what I can put together. Email is askmehowibudget@gmail.com
I'm paid weekly, more confusing! 😂
@@Urlacher2354 I'm paid weekly. Every video I put out with my Money Tracker worksheets, I'm doing my weekly scenario. I have a case study where a couple is paid weekly, bi-weekly, AND monthly. Now THAT was confusing! 🙂 I have another case study for a woman who is paid bi-weekly.