How To Pay Off $40,000 of Credit Card Debt FAST | aja dang

Today, we are helping three people pay off their credit card debt! In episode three of our credit card series, I'm breaking down three different ways to pay off your debt.

When you're in credit card debt, it can be very overwhelming to figure out a pay off plan, so I'm breaking things down step-by-step to show you how fast and easy debt pay off can be.

In example three - I quickly breakdown the basics of the debt snowball method. If I'm going too fast for you to follow, please watch one of my older videos for a better breakdown (linked below)

I'm so excited for those of you who submitted your debt for me to work on. Hopefully this video is giving you a clear path towards becoming debt free!

• TIME CODES •
2:00 - how to stay out of credit card debt
2:42 - how to use your credit card properly
4:08 - other videos to watch:
5:09 - how to pay off $25,000 in 7 months
9:26 - how to pay off $3500 in 3 months
12:55 - how to pay off $12,000 in 15 months

• VIDEO MENTIONS •

•BUDGET PLANNERS•

•STAY CONNECTED•
Tik Tok: ajadang

[AjaDang]

Hi everyone! I made a mistake by not including the minimum payments in example 3 so this person will definitely be able to pay off their debt before the time I stated. I'll upload another debt pay off video in a few weeks to show the snowball method properly.

[christineee]

Paid off 20k of consumer debt earlier this year and it took a lot of work (over a year) and watching these videos even after being consumer debt free keeps me in check. I’ll never have the mindset to spend on things I cannot pay for ever again!! Love your vids, Aja!

[michaelbui]

I paid off $40, 000 worth of student loans in 18 months as a server.

[theresam]

What helped me was to apply for another credit card with another cc company, then i transferred my credit card debt over to my new credit card giving me 18 months to pay off my debt interest free.

[misciasimmons]

We have been debt free for several years now. It feels so great! My husband and I love when you paid off your student loans!

[shubhcheema]

I think the first thing anyone in cc debt should do is switch to a lower interest card, they can save hundreds just doing that and then pay off what is on it.

[dr.jasminehanson]

Love having these back! As a high debt to income ratio person it keeps me motivated to keep creeping towards that student debt free life! Thanks Aja!

[yingminlim]

Thanks for coming back doing personal finance videos. Very palatable, just so easy to understand. You make it simple and fun. ❤

[kevinpadama]

Watching you do the math and seeing the debt decrease felt like a win for me every time. This gave me so much hope 🙏

[Bromeliadsss]

I also round up my numbers. That way you’re never short and you can transfer the change to savings if you want to

[toniamaiden]

Just clicked on your video I like what I see and here you simplify everything for all to understand and that’s important.

[Plagius]

I have 27k in debt. This video is a godsend.

[lashunst]

Thx 4 sharing, I do a similar process, I divide mine into pat periods and don't add interest but I definitely love the idea of making a chart and highlighting, it seems encouraging

[make-upbydrea]

Wow! Thank you for breaking this down! I definitely needs to sit down and get my stuff together! You made it so easy to understand 🙏🏽❤️

[fangirlauie]

this is a great video and the explanation is easy to follow 👍 and i think, the example with 5 CC will finish off much earlier in reality because since they continue paying the minimum amount so the amounts written at the start of computation also became less each month. thank you for this.

[iamwendychu]

I've been doing the snowball method wrong this whole time. Thanks for clarifying!!! 😮

[christophercabrera]

Your amazing
Mahalo for your motivation

[ccap]

Well the problem is that I’m like 13k in debt and I only make $40k a year. I haven’t spent on the cards in months bc I cut myself off. I’ve never been late on my payments but I can barely afford them. I’ve done balance transfers on all my cards so I’m actually not paying an interest. After the promotional period of no interest ends I just do another balance transfer so I still continue to not have interest. I’m doing the snowball method and I have paid off a couple cards but it’s slow going since I make such little money. I’m also torn on whether or not to save an emergency fund or pay my credit cards. I can’t really do both at the same time. I only have $1200 emergency fund but I know that’s not enough.

[carolslavens]

Ok, watching you plan it out and work through the debt, really made using the snowball method clearer. I have not been doing it correctly, hence why I am not seeing much progress. It was like a light bulb went off and it suddenly makes more sense! I have reassessed and created a plan just like the ones demonstrated. I feel like it's going to work, thanks Aja!!!

[LOFLC]

Thanks for the video. Can you advise where you got the financial digital planner? Thank you.