The EASIEST Way to Get Out Of Debt (Even On A Low Income)

Are you drowning in debt? Is your financial situation getting worse? In today's video we'll share some tips on how to get out of debt fast.

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💲About This Channel💲
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Welcome to Saving Savers! In this channel, we'll teach you the basics of frugal living, minimalism, budgeting, and saving money.

Achieving financial independence starts with learning the basics of money. If you're looking money saving tips, and advice on how to build wealth, frugal living, money management, you've come to the right place!

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DISCLAIMER
I’m not a licensed financial adviser. These videos are intended for educational purposes only. No official financial advice is being given. Please always check with a licensed professional before making any investments or financial decisions. Your investments are your sole responsibility, and in these videos, I merely share my own opinions with no guarantee of gain or losses.

AFFILLIATE DISCLOSURE
Some of the links mentioned above are affiliate links. We may make commissions from purchases made using those links, at no extra cost to you.

[trollharder]

I'll be honest, reading the title, I didn't expect much from this video. I thought it would just be a normal click-bait, blah-blah, filler video with no real advice. Boy, was I wrong. This is easily one of the best financial videos I've ever seen. For anyone who happens to see this comment, always remember that often times how much money you make is not as important as how much you keep. You know that saying "you can't out-train a bad diet?" Well, the same is for money. There is no such thing as "making more than you spend." You can always blow money, no matter how much you make. I know men making $40 an hour and still broke.

We work so many days out of the week, and only get paid on one of them. You work hard, long hours for your money. Be more eager to keep it once you get it. Blessings on your journey.

[RhondaTowanda]

Our family has No Spend Months. We only pay all our bills, mortgage, auto, and 5th wheel.
Then we only buy essentials, food, meds, gas, and anything that is an emergency.
The money we save from NSM, we apply it to our debt and we are tackling to pay it off.
We have a No Spend Month every other month starting with January.

[abc]

I am so glad that I am 100% debt-free. I have no mortgage or rent, car payments, credit card payments, student loans, or any other kind of debt. It is very freeing to know that I don't have any of that hanging over my head every month. When I bought my house, I could have bought something newer, but I bought something that I could pay cash for. I hope to never be in debt again. I think the only way I could end up in debt is if I had some huge medical debt.

[richardackley]

I still use a credit card, but I do it for the rewards points. I buy books etc from Amazon using those reward points so it’s all Free. The credit card is 24% APY but I pay it off in Full every month so there is NO finance charges. This works for me and I charge everything so I basically don’t use Cash at all.

[stevehartman]

Drink a glass of water 20 minutes before eating.

[ezpz]

Step 1. Starve.
I hope you know people borrow money because they need it to survive. Not because they feel like it.

[martyedgar]

Thanks for increasing my knowledge in personal finance and investment, I recently subscribed to your channel. I want to give a big shout-out to all those working tirelessly to earn a living and build wealth during this recession. My husband and I are both retired and debt-free, and we're living smart and frugal with our money. Despite the recession, we're still earning passive income thanks to our savings and investments in the financial market. Investing lifestyle has enabled us to earn a steady monthly income through passive means, and we're grateful for it;

[mariebrooks]

I love the idea of getting the children involved, not just with reducing expenditure but saving on resources. Deferred gratification is such an important lesson learn

to learn.

[ashleybellerose]

Well.... To late. They made me apply for a loan for my cc 😢 and im not sure its a good idea but its to late. Ima do my best. Work on my finances. Wish me luck ppl....this is hard

[janwhite]

FANTASTIC CHANNEL!!
I'VE SUBSCRIBED 💜

[iBtally]

Great video. The education systems around the world should teach this subject. Looking forward to seeing more videos like this.

[union]

My parents put the money on the table every week, then we had to work out what to do with it every week. We all took part and that way we all knew what was happening and why.

[KeepMeLord]

After all debt is paid off is anyone paying themselves with that additional money, savings, etc.?

[zacate_loco]

Anybody see the shadow that walked behind the man?? 3:35

[ayerimlopez]

I pay extra on my credit cards every month but then the CC company will change the amount now that extra money I was sending became my new payment every month that part sucks

[jaredmiller]

I'm about $5, 000 in debt I do make my minimum payments and I don't make that much due to a job change but I don't know what to do next.

[phoenixrising]

I took out a loan and I'm so over it 😂 the interest is super high and it's going to take me forever to pay off 🤡

[loco_beaner]

I’m currently $16, 000 in debt because of scammers, so I owe the bank money I don’t know if I should try and contact the police, but besides that this is good advice I’m only 18 and starting life with debt is stressful.

[evernesswesley]

Well said thank you and I hope it'll help me coz am in a big debt.

[Savvynomad]

I wish insurance was just a debt you pay off