I'm in a ton of credit card debt, what do I do?

@helloamandaleigh

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Why it worked

The video uses a relatable, high-stakes personal story to build authority and delivers actionable, no-nonsense financial advice that feels authentic and urgent.

Summary

The creator shares a step-by-step guide on how to pay off credit card debt based on her personal experience. She emphasizes stopping credit card spending, listing all debts, building a budget based on past spending, and increasing income if necessary.

Structure

1Acknowledge the problem of credit card debt
2Advise stopping all credit card spending
3Create a comprehensive list of all debts
4Analyze past spending to build a budget
5Differentiate between wants and needs
6Increase income if expenses exceed earnings

On-screen text

paying off credit card debt A DEBT IS QUESTION THREE VIRAL 65,000 TODA CARD WE FUCK TO SO IT STEP NUMBER ONE IS SPENDING ON YOUR CREDIT CARDS PROBABLY DUH WHAT CREDIT YOURSELF OUT OF DEBT EVERY SINGLE DEBT MINIMUM PAYMENT THE INTEREST ON THAT DEBT AND ALSO SIDE NOTE IF THERE IS DEFERRED INTEREST ON ANY OF THOSE DEBTS I WANT YOU TO HIGHLIGHT THAT AND FIGURE OUT EXACTLY WHAT THE MINIMUM PAYMENT WOULD BE TO PAY IT OFF BEFORE TIME THAT THE INTEREST WOULD HIT THIS IS WHERE WE'RE GOING TO BUILD A BUDGET NOW WHEN I SAY BUILD A BUDGET I DO NOT MEAN WRITE DOWN YOUR RENT PLUS YOUR ELECTRICITY I WANT YOU TO LAST MONTH'S STATEMENT ON YOUR CREDIT CARD THAT'S MONEY YOU SPENT WRITE DOWN EVERY SINGLE THING YOU SPENT MONEY ON IN THE PREVIOUS MONTH I WANT YOU TO CATEGORIZE EACH WAY YOU SPENT MONEY IN TWO DIFFERENT CATEGORIES IS JUST GOING TO BE AT A HIGH LEVEL HOUSING EXPENSE IS IT A KIDS EXPENSE IS IT GROCERIES IS IT ALSO GO THROUGH EACH OF THOSE ITEMS LOOK DEEP DOWN INSIDE OF YOURSELF IS IT A WANT OR A NEED WANT WHERE THE TIME WHERE YOU REALLY NEED TO DIG DEEP AND BE VERY HONEST WITH YOURSELF ABOUT WHAT IS A DIFFERENCE BETWEEN A WANT AND A NEED BECAUSE BABY WE'RE NOT GETTING WANTS WHEN WE'RE IN CREDIT CARD DEBT YOU TAKE YOUR BARE MINIMUM NEED TO SURVIVE BUDGET AND YOUR MINIMUM DEBT PAYMENTS AND IT IS HIGHER THAN YOUR INCOME SWEET SWEET GIRL WE'RE GOING TO GET ANOTHER JOB SECOND JOB WE'RE GOING TO FIND ANOTHER JOB SELL FEET PICS ON THE INTERNET JUST KIDDING BUT YOU'RE GOING TO BE DOING SOMETHING TO BRING IN MORE MONEY BECAUSE YOU NEED TO BE MAKING MORE THAN WHAT IT TAKES TO SURVIVE ONE OF THE REQUIREMENTS FOR GETTING OUT OF DEBT

Original caption

Nobody talks about how exhausting credit card debt feels. Not just the payments. The mental load. The guilt. The feeling that every paycheck is already spent before it hits your account. A few years ago, I made the decision to stop pretending it would magically fix itself and started attacking it one payment at a time. No lottery ticket. No secret strategy. Just consistency, sacrifice, and a lot of saying “not right now.” Today, I’m grateful for every balance that’s gone and every lesson I learned along the way. If you’re paying off debt right now, keep going. Progress is progress—even when it feels painfully slow. The freedom on the other side is worth it. 💛 #debtfreejourney #creditcarddebt #PersonalFinance #workingmom #financialwellness

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Transcript

I'm in a ton of credit card debt, what do I do? That is my number one ask question and that is because three years ago we went viral on the internet for having $65,000 of credit card debt. Today we are credit card debt free and we are millionaires. In those three years we buckled down and we figured out what the to do and so now so many people are like, do you have one video that explains it? And this is going to be that video. So let's talk about it. Step number one is going to be stop spending on your credit cards. Probably like duh, and some of you are probably like what? Yes, you have to stop spending on your credit cards to be able to get yourself out of debt. I want you to take a piece of paper or Excel, whatever you're into and write down every single debt that you have. Include the minimum payment, the interest on that debt and also side note, if there is deferred interest on any of those debts, I want you to highlight that and figure out exactly what the minimum payment would be to pay it off by the time that the interest would hit. This is where we're going to build a budget. Now when I say build a budget, I do not mean write down your rent plus your electricity. I want you to pull last month's statement on your credit card, that's money you spent. Write down every single thing you spent money on in the previous month. I want you to categorize each way you spent money in two different categories. It's just going to be at a high level. Is it a housing expense? Is it a kids expense? Is it groceries? Is it also go through each of those items, look deep down inside of yourself, is it a want or a need? The time where you really need to dig deep and be very honest with yourself about what is a difference between a want and a need. Because baby, we're not getting wants when we're in credit card debt. You take your bare minimum need to survive budget and your minimum debt payments and it is higher than your income, sweet sweet girl, we're going to get another job. Second job, we're going to find another job. We're going to sell feet pics on the internet. Just kidding. But you're going to be doing something to bring in more money because you need to be making more than what it takes to survive. One of the requirements for getting out of debt.