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Does Paying Student Loans Build Credit – BBP Real Life Budget | Student Loans + Credit Score

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Does Paying Student Loans Build Credit – Most Popular?

It’s time for another Real Life Budget. We asked my readers to submit their REAL information. Real spending, real debt, and real savings goals.

I am taking those real life numbers and showing you how I would organize and budget that information using my Budget By Paycheck® Method.

In this video, I will be showing the real numbers from a reader, Danika.

Danika is a social worker who adopted two beautiful children, has over $100,000 of student loans, and wants to buy a home. In this video, I go over some recommendations about her student loans and also discuss credit builder loans to help increase your credit score.

CHAPTERS
00:00 Intro
03:29 The story and WHY
04:47 Income
05:21 Fixed Expenses
06:44 Variable Expenses
07:35 Savings Goals
09:14 Debt
10:46 Budget Calendar
12:33 Paycheck Budget
16:35 My Recommendations
20:31 Credit Builder Loan

➡️ HOW I TRACK MY SPENDING: https://bit.ly/3aIe89I
➡️ HOW TO USE A BUDGET CALENDAR: https://bit.ly/2IzF2Vj
➡️ FINDING YOUR WHY: https://bit.ly/3aJUryj
➡️ THE BUDGET MOM’S FINANCIAL FREEDOM STEPS: https://bit.ly/3cfJXsp
➡️ HOW TO GET STARTED WITH THE CASH ENVELOPE METHOD: https://bit.ly/2vQJaO5
➡️ HOW TO CREATE A PLAN OF ATTACK TO PAY OFF DEBT: https://bit.ly/2wDETxF

ABOUT ME

I’m the blogger behind https://www.thebudgetmom.com. I have a rambunctious 6-year-old son, live in Washington, and I’m passionate about helping people with money management and personal finance. Let me know what you like to learn more about! Leave me comments and suggestions on my video and let me know!

YOU CAN FIND ME AT:

📝 BLOG: https://www.thebudgetmom.com
📘 FACEBOOK: https://www.facebook.com/thebudgetmom/
📸 INSTAGRAM: https://www.instagram.com/thebudgetmom/
📌 PINTEREST: https://www.pinterest.com/thebudgetmom/

GET STARTED

➡️Start Here: https://www.thebudgetmom.com/start-here/
➡️Free Budget Course: https://bit.ly/2UYgNFf
➡️Free Resources: https://bit.ly/2PDmTHz
➡️GET 10% OFF my popular Budget-by-Paycheck Workbook – Coupon Code TBMYOUTUBE https://bit.ly/2CR7U9n

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22 Comments
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22 Comments

  1. twalt Dwan
    July 26, 2021 at 3:39 pm

    this is perfect for me… i want to foster/adopt and working to buy a home and a SW

  2. Josh Is On A Mission: FIRE & Debt
    July 26, 2021 at 3:39 pm

    I'm literally on the same boat, saving up for a house with 100k in student loans.

  3. Alice Jane
    July 26, 2021 at 3:39 pm

    I can’t thanks @DarkVeri on Telegram enough for providing me with those dumps cashed out yesterday 😊

  4. Paige Jobe
    July 26, 2021 at 3:39 pm

    Cool

  5. tammy meek
    July 26, 2021 at 3:39 pm

    Please do more videos like this. I am 54 with 63000 in student loans and dont know how to tackle it. It use to be 45000. But like you said it adds up when you dont pay the interest each mth

  6. GhostSOTW
    July 26, 2021 at 3:39 pm

    The quarrelsome look additionly camp because eye spectacularly delay next a damaged nose. interesting, sordid geese

  7. Taylor Phillip
    July 26, 2021 at 3:39 pm

    I also have $100K in loans and just started in the BBP workbook! I just try not to think about it but I need to.

  8. Single Lady Finance
    July 26, 2021 at 3:39 pm

    Thanks for sharing

  9. Nia Brown
    July 26, 2021 at 3:39 pm

    This is one of the best real life videos as so much was relatable. And kitty at the end 🤣

  10. Beach Girl
    July 26, 2021 at 3:39 pm

    Why do you yell so
    Much?

  11. Arin Roben
    July 26, 2021 at 3:39 pm

    Hello, your credit determines how much trust you are worth, it helps to separate the good customers from the bad ones, and it also helps identify high risk customers. In my 30s I was quite careless, I never paid back early, I often used way more than my available credit; these things take years to go away. This ruined my credit. It was very low. A friend Evans informed me about what JohnnieHacksLLC. 🌏org did for him. Words cannot express how I feel right now; the team of Johnnie Hacks LLC literally deleted negative items and increased my score to 797. I am truly grateful. .

  12. Judge Lytle
    July 26, 2021 at 3:39 pm

    My credit score was 578 and I couldn’t get approved for a loan, a car and a house…NOTHING! It was draining in every aspect of my life because I got kids I have to protect their future. A few weeks later, my score suddenly shot up 830, using Johnnie Hacks LLC that is linked with the credit score firm. He’s truly honest about what I want and what is expected of me to do. He told me it would take a few weeks to get it done approximately 2 weeks and he kept to his word. Now I can apply for just about anything that I want, I can’t thank him enough. Get in touch with him today for a better tomorrow. JohnnieHacksLLC. 🌏org , they are really the best trust me

  13. Jone Cruss
    July 26, 2021 at 3:39 pm

    All negative items were deleted and they added lines of credit!  My score is now 827 in less than 2 weeks!" Thank you JohnnieHacksLLC .Org
    I got a mortgage loan in 2018 through Chase, and in late 2019; I experienced financial hardship and fell behind on my payments. I had months of late payments before I was introduce to this business minded credit repair specialist. I’m very grateful to JohnnieHacksLLC org for helping me clear my loans and late payments from my report. I taught it would not be possible for my credit to be fixed within the short period of time agreed on. I want to thank Miss Michelle for giving me the information and their contact last month ….

  14. Roben Vamparce
    July 26, 2021 at 3:39 pm

    I applied for a home loan about a couple of weeks ago. I was denied because I had a very low credit score of 630, I was really devastated and down not until I ran into an old friend of mine whom I explained my problem to, he introduced me to JohnnieHacks LLC who helped to resolve the credit issues that I was facing. Just within 18 days my credit score was raised to as high as 790, deleted all the negative items. I’m extremely happy about how my credit was fixed and I appreciate him for his hardwork. Here I am recommending: Johnniehacksllc• Org for any issue relating to credit repair, DUI or Chexsystem Fix. Website: JOHNNIEHACKSLLC• ORG

  15. Roben Vamparce
    July 26, 2021 at 3:39 pm

    I applied for a home loan about a couple of weeks ago. I was denied because I had a very low credit score of 630, I was really devastated and down not until I ran into an old friend of mine whom I explained my problem to, he introduced me to JohnnieHacks LLC who helped to resolve the credit issues that I was facing. Just within 18 days my credit score was raised to as high as 790, deleted all the negative items. I’m extremely happy about how my credit was fixed and I appreciate him for his hardwork. Here I am recommending: Johnniehacksllc• Org for any issue relating to credit repair, DUI or Chexsystem Fix. Website: JOHNNIEHACKSLLC• ORG

  16. Kali Alexandria
    July 26, 2021 at 3:39 pm

    You should make a video about getting a mortgage when you’re self-employed!

  17. Ka Blia Vue
    July 26, 2021 at 3:39 pm

    The credit builder loan is also called CD Loan. I did one at my small bank while I was in my undergraduate. Mine was for 24 months and the loan I did was $2,000.

  18. crafting
    July 26, 2021 at 3:39 pm

    she should switch her phone to straight talk with Walmart. Its 45$/ month for 25gig and unlimited talk and text. I have been using it for 2 years and have no problems. with Verizon there were so many extra fees tact on when I told them I didn't want them and I paid 75$ for 2gigs …….

  19. forever kids JJ
    July 26, 2021 at 3:39 pm

    Please help. How can I be one of these really life videos? Sign up through Instagram?

  20. Shawntay Hardy
    July 26, 2021 at 3:39 pm

    Do you think the full sized budget workbook will be available again before for new year? @thebudgetmom

  21. T Brown
    July 26, 2021 at 3:39 pm

    This actually helped me a lot more than any of the other real life budget scenarios. Those student loans geesh!!!!

  22. grisell cifuentes
    July 26, 2021 at 3:39 pm

    I stopped paying my loan since they stopped the auto pay I dont want to deal with it either. I just got $10k in 2002 and still owe $7k after paying the minimum hopefully when am in my 60s it will be gone.