I paid off $12,000 in credit card debt on a teacher's salary

@maryinprimary

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Monarchmonarchmoney.com

Manage your money with Monarch. Track accounts, build budgets, monitor investments, plan goals, and get a clearer view of your finances in one app.

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Why it worked

The video succeeds by pairing a relatable financial struggle (teacher salary) with a concrete, visual solution, making the goal of becoming debt-free feel attainable rather than abstract.

Summary

A teacher shares her personal journey of paying off $12,000 in credit card debt by using a specific budgeting system. She demonstrates how the Monarch app's debt payoff feature helped her visualize and accelerate her progress.

Structure

1Personal struggle with debt on a teacher's salary
2Introduction of the system used to pay it off
3Screen recording demo of the Monarch app

Original caption

#ad Going on a debt pay off journey is never easy, but when you’re working with a teacher’s salary it is definitely another kind of challenge! @Monarch was definitely a huge help in helping me understand my money, but also being able to track my debt. If I can become debt free then so can you!! #debtpayoff #debtpayoffjourney #finances

More from @maryinprimary

Product placement

The creator explicitly mentions and demonstrates the Monarch app, showing its interface on screen to explain how it helped her manage her debt.

Call to action

If you're on a debt free journey and you don't know where to start, I use Monarch.

On-screen text

I paid off $12,000 in credit card debt on a teacher's salary Nobody tells you that paying off your debt on a teacher's salary is a specific kind of impossible. Monarch Goals Pay down Additional monthly payment of $300.00 applied, utilizing the Avalanche Method Summary Debt payoff feature allows you to see your potential debt free date

Transcript

I paid off $12,000 in credit card debt on a teacher's salary. Nobody tells you that paying off your debt on a teacher's salary is a specific kind of impossible. I paid off $12,000 of credit card debt on a teacher's salary. And again, I know it sounds impossible, but it can be done. And this didn't happen because I got a raise at work or a second job. It's because I had a system in place. So if you're on a debt free journey and you don't know where to start, I use Monarch. And let me show you this one feature that changed everything. The debt payoff feature allows you to see your potential debt free date and how the date can change when you add even just a small amount towards your payment. I know that with the teacher's salary, paying off your debt feels like an unattainable goal. Of course, we have our usual bills, but in addition to that, we have things that we have to pay for for our classroom. Might even be budgeting for the summer like I am, because I do not get paid in the month of July. But once you understand where your money is going and seeing that there is additional money that you can be putting towards your debt, you will become debt free. And it might take some time to find a system that works for you, but that's okay. And I know we didn't learn any of this in our credential program, but as we often say to our students, "Progress over perfection!"