Can I Do Velocity Banking Since I’m Paid Weekly?

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🏦 INFINITE BANKING CONCEPT


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[edwizard]

I used to get paid Weakly. Very weakly.

[sunkat]

On a (fixed low) weekly income I paid off my 3k credit card between March and July 2023.

[LearnwithLoriJill]

I'm paid biweekly but full commission sales, so it has been hard to figure out, but bc of Christy I've actually survived this terrible economy. I've not gotten out of debt yet, but I paid everything when my income plummeted. Thank you for teaching me this! You are such a blessing, and I know God put you in front of me when I needed it most. 🙏

[askmehowibudget]

Yes!!! We get paid weekly and it is working so FAST!!!

[mrspunk]

My recommendation is to pay 1/4 quarter of all your bills including your credit card each week automatically through your bank, and add in an extra $5 or $10 per bill . If your electric bill is 120 per month or $30 per week, pay $35 or $40. Within a few months you'll have a nice credit with all your bills . Some months are also 5 weeks depending on when you make your payments. It takes the pressure off, you're always ahead and never late on anything. If something comes up unplanned, no problem, you could pause your bills one week and you'll still be fine. I know it's a money game but you're always the winner. If you're jammed up with too much debt, Velocity banking could be the way to go. Stay disciplined though and fight off that debt

[PAULAROUSHIA]

I'm paid weekly but it is different every week. I work in the "gig economy ". I love how you explained figuring the weekly amount for the income transfers. I've been paying on my card weekly but seeing only a little improvement. Definitely going to re- run the numbers for my expenses to make sure they are correct so I can start making some real headway! Thank you for this video! It's exactly what I needed to see today! You are awesome!

[pingpong]

One suggestion is to get an accountability partner who you can do Velocity Banking with together. Singles with singles and couples with couples. Make it fun. I agree when you see the debts decreasing you sleep better.

[jamierick]

I feel as though I'm doing this wrong. I'm so fearful I will do it wrong and we'll be in a worse position. I know I have to stop saying that. I need a how to and will be reaching out but this is not as in depth as I need to show me how to complete this correctly. Thanks Christy!

[slwpke]

Good to know I work on tips daily. I would want to transfer funds in daily when possible

[lovetistrue]

I just searched for bi weekly velocity. Thank you! I think you answered my question. 😅

[teamSHTF]

Anyone that is watching these videos. This method will work but you must discipline yourself to follow the math. If you start, realize it may take a YEAR or TWO or MORE depending on your situation. Do not start, see that you have freed up some debt and go on vacation or buy a new car.

[chriswall]

That’s right Vann. Discipline first and you will see movement in the direction you need to be going in.

[kjamok]

Truly appreciate your work i’ve been watching your videos. I’m also a retired fire fighter who have to keep working and do a very poor job, budgeting my finances I get paid weekly and I’ve been trying to figure out how to do velocity banking on a weekly pay scale. Thanks again you are truly a blessing.

[ericgreen]

Thank you change my life for the better.

[sarahm-a]

This was much easier to understand with our weekly income/expense plan. Thank you for this!

[LifewithLava]

I get paid weekly. I happy to see this one

[bjw]

Your videos inspired me to get started. I am compelled to divide method between 2 cards because 1 limits the number of payments into the card i can make per month. But it's still working, a little slower. But making progress. Thank you, you rock!

[earlsmalls]

I do velocity banking banking weekly. I paid off my CC's with a PLOC. Every week I make an income transfer into my PLOC as a principal only payment. I charge my monthly expenses on a CC. When the CC bill is due, I pay it in full . I simply transfer funds from my PLOC to my checking account. The transfer is instantaneous because my PLOC and checking account is with the same credit Union.

[daniellefinney]

My velocity banking question is about WHEN to make the payments on the credit card. Should I make bi-weekly payments or pay the whole payment a few days before the due date? Or break it up in weekly payments?

[index]

Enjoy your videos.... remember you from the Thicket in SC