A proven way to paying off a Credit Card Debt | How to pay off a credit card debt fast

Рет қаралды 10,790

2 жыл бұрын

Hi!
On this video I am sharing with you some if the strategies I implemented to pay off one of my credit card debt, these have worked for me and I hope they will be useful for you too.
Like, Subcribe & Comment 😘
#tymebank #franc #easyequities
[Related videos]
• Paying off my Credit C...
[Social]
Lets connect on my personal instagram page
@nxumalojennifer
[Music]
Music by Cults - 2099 - thmatc.co/?l=7B51DAFE

Пікірлер: 45

@nomkhithas7752 Жыл бұрын

I took my credit card out my purse because it gave me this false sense that I have money. Whereas I started off well where I only bought things that I knew I had budgeted for and could settle. I had gotten to a point were all my disposable income would settle the card meaning I have nothing to spend for the month, meaning I end up using the card. So I settled it, this month I will survive with the little disposable income left after settling credit card. Then month end I will start laybying the furniture I want instead of taking it with the credit card

@JennNxumalo Жыл бұрын

I love that you have seen your challenge when it comes to having a credit card. Continue being intentional with your finances and you will save yourself from so much financial stress. I love that you are choosing to lay-by instead of using debt to purchase your furniture 💐🥰

@flaviakuume6642 2 жыл бұрын

Shout and love all the way from Namibia 👏🏾 side request: please consider subtitles for the vernacular part🙈

@JennNxumalo 2 жыл бұрын

Ohhh wow, thank you 🥰 I will do so next time.

@lulumops Жыл бұрын

What I do is, pay more than the minimum and then request the credit limit to be reduced. As such, there is never money on the card. If there is, I lower the credit limit and capitalise it.

@JennNxumalo Жыл бұрын

I love that, I started doing the same yazi 🥰it helped me a lot.

@thobashangase 7 ай бұрын

And if discipline is a problem, you can ask the bank to “lock” the account such that you can only pay into it but nothing comes out of it. I’ve done this with an FNB CC before. And it will still allow you to reduce the limit whenever you’ve paid into it

@nayelushaba3041 Ай бұрын

Thanks, I will definitely apply this method when I have a credit card.

@sibongilentshangase4398 Жыл бұрын

I am you shame. But I reported my card as missing and the bank blocked it. That's when i found out that I can't use the facility, I can only pay. If I need to use the facility I have to physically go to the bank and apply for a new card... it's helping me a lot.

@JennNxumalo Жыл бұрын

It helps a lot to not have easy access to credit. It will help you push.

@Mbalenhlechrissie 2 жыл бұрын

Great video, thank you for this, I have been struggling to pay off my credit card coz I always go back to it, now I will start saving up for it.

@JennNxumalo 2 жыл бұрын

That was my same issue, I am glad you found something helpful 🙏🏾🥰 thank you

@ZOE_NtombiYaseMancwabeni 2 жыл бұрын

Oooh, acknowledging ones own financial habits is everything hey.

@JennNxumalo 2 жыл бұрын

It helps out a lot in avoiding some financial mistakes.

@NonkonzoMnqaba02 3 ай бұрын

I am Addicted🥰😁 to you Jenn been looking for videos i have not watched

@JennNxumalo 3 ай бұрын

That’s good to hear 😅🥰

@TSHEPOMANAKS Жыл бұрын

Love you girl.. content is quality

@JennNxumalo Жыл бұрын

Much appreciated sis 🙏🏾💐😊

@fostermaluleke9371 2 жыл бұрын

Informative

@JennNxumalo 2 жыл бұрын

Thank you 🙏🏾

@victoriashishongi1720 11 ай бұрын

Thanks for sharing ❤

@JennNxumalo 11 ай бұрын

You are so welcome.

@sivenathitshwete5742 2 жыл бұрын

Great video thanx

@JennNxumalo 2 жыл бұрын

Thank you 🙏🏾🥰

@kgomotsomaleme1320 5 ай бұрын

I love this video ❤

@JennNxumalo 5 ай бұрын

Thank you 🙏🏾

@jacquilines5041 Жыл бұрын

thank you for this video because this is exactly what i am going through and i have decided to rather just pay it off and close it. I cant carry on like this

@JennNxumalo Жыл бұрын

That’s a great plan, I am closing my last one also cz wow 😯 I am not good with credit cards.

@nikiej1241 Жыл бұрын

Thank you

@JennNxumalo Жыл бұрын

You're welcome🤗

@phindafuthimhlongo2624 5 ай бұрын

YES THE PROBLEM START WHEN YOU USE A MINIMUM PAYMENT AND YOUR CREDIT CARD GOES TO 103% OVER THE CREDIT WICH IS BAD FOR YOUR CREDIT SCORE , VERY BAD

@JennNxumalo 5 ай бұрын

Very true, even though it does not affect your credit score, it does cripple one’s finances.

@LiyemaMathebula Ай бұрын

Can you kindly share the website of where you say you invest the savings?

@keneilwemolefe9425 Жыл бұрын

That's me whenever it's available I take it again😢- so I realised that I'm not doing anything and that's why I cannot pay it off- I'm listening to your video again hoping these time around i still to the plan.❤

@JennNxumalo Жыл бұрын

When you pay into it, go and decrease the credit limit. In some banks you can do this on the app.

@keneilwemolefe9425 Жыл бұрын

@JennNxumalo Yes can I please do that and stick to the plan.Thank you.❤️

@berthaeichas3788 Жыл бұрын

Im.back here coz im struggling to pay of my ackermanns acc.. I keep going back to buying something on account. This the motivation I need.. will come and post an edit once I do it.

@JennNxumalo Жыл бұрын

I am happy to hear that this is the motivation you need 😍

@pebetsemothapo3038 8 ай бұрын

The top 40 market is performing poorly. Is it an indication to buy more? will it ever increase? It's worrying actually.

@JennNxumalo 8 ай бұрын

The best thing to so when it comes to investing is to not be moved when assets go down or up. I don’t invest based on how the asset is performing because I am investing for long term, every month I invest on the same asset low or not. The market always adjusts it self. But I also understand that we don’t have the same approach to investing. I can’t say much about the other approaches to investing.

@zwonakanemavhola4130 Жыл бұрын

Hi Dear New follower here, I heard you speaking of Frank? What is this, please share the link

@JennNxumalo Жыл бұрын

Hi! This video will answer all your questions. South African Investment Platform | Investing with Franc for the 1st time | Investing for beginners kzfaq.info/get/bejne/kM16pbl90dS3o5s.html

@deephousethatarap4214 2 жыл бұрын

Hi sis . I just want to usk you right now I'm in debt so I'm trying use new tricks of paying . Sometimes I pay more but since I'm struggling with financial stability.. ngibuyela emuva So I just wanted clarity la ngingakwaz Ku spilter imali say le debit engiyikhokhayo ngiyihlukanise I mean ungenzeka mehluko . Kube kuthi njalo Friday ngiyakhokha .. please respond

@JennNxumalo 2 жыл бұрын

Hi! 😊, Keep paying the minimum of what you are required to pay, if you get extrat income pay into lesikweletu esincane. But do not stop paying for anything or paying less than what you are supposed to pay as this will affect your credit score. If possible go to your bank and see if they can’t consolidate everything into one, and if the installment gets to be lower than what you are paying please pay it into the debt so you can push it. If your debt is with standard bank please look into other banks.

@deephousethatarap4214 2 жыл бұрын

@@JennNxumalo ... So which bank you recommend I must look at for me to get help . And let's say my debt is 170000 . Which you know I can get help