With the total credit card debt amount rapidly approaching $1.2 trillion, many consumers are struggling to make ends meet. According to LendingTree, the average household in the United States owes $7,236 – a 38% increase from 2021. The average interest rate on credit cards currently is an ugly 24.26%. When you connect these stats with the fact that millions of Americans pay only the minimum payments each month, climbing out of debt seems nearly impossible for some in 2025. At least trying to do so on your own is.

Luckily, benefits like lower monthly payments and lower interest rates are available through Debt Management Programs. And thanks to record breaking savings at DebtWave in 2024, these benefits make it possible to achieve financial freedom.

Debt Management Plan Payment Reduction
Clients that enrolled onto DebtWave’s Debt Management Program (DMP) in 2024 merited an average payment reduction of $220. The average minimum payment plummeted from $915 to $695. This shatters the previous year’s record of a $193 payment reduction.

A big factor that made these savings possible are the attractive concessions offered by the credit card companies. In 2021, creditors wanted about 2.71% of the balance as the monthly payment to enter a DMP. In 2024, that percentage decreased to 2.54%. Additionally, payments on own increased from 2021 to 2024. Creditors required about 3.15% of the balance when making payments on their own in 2021. That percentage increased to 3.35% in 2024.

Credit card companies have been generous with interest rates on DMPs as well. In 2020, the average interest rate obtained on the DMP was 8.2%. In 2024, the average APR dropped to 6.8%, setting a new record at DebtWave. As payments on own increased in 2024, so did the interest rates on own. The average APR per client on own in 2024 peaked at 23%.

Average Debt Per Client Enrolled
The average balance enrolled per client soared in in the last two years. Another record high established in 2024 with the average surpassing $27,000. This is nearly double the amount of $15,799 in 2022.

When you combine the payment savings and the monthly finance charge savings, you have clients making significant progress to their principal balance. From 2020-2022, the average total combined monthly savings was less than $300. In 2024, the monthly savings nearly doubled to $596.

We expect and hope these incredible concessions to continue in 2025. For those facing high balances on their credit cards and experiencing a financial hardship, help is available. Taking the first step toward financial freedom is the most important step to take. Find more information about credit counseling and our program or get started online.

This audio is brought to you by Astec Industries, a Global Leader in manufacturing equipment for infrastructure, including asphalt production, construction, and material processing, driving innovation and sustainability.

During the first half of this year, diversified mining and marketing group Glencore continued to optimise the business and position it for further value accretive growth, CEO Gary Nagle reported on Wednesday.

A review during the period has recognised opportunities to streamline the industrial operating structure of the Johannesburg- and London-listed company and support enhancement of technical expertise.

One-billion dollars worth of recurring cost-saving opportunities were identified across more than 300 initiatives against a 2024 baseline. These cost savings across operating structures are expected to be delivered by the end of 2026, with more than 50% already targeted for the end of this year.

Organisational changes already made include the creation of a single nickel/zinc department from two separate ones before, with the combined department now assuming management of the overall custom metallurgical processing assets portfolio. Optimisation and savings across headcount, energy, consumables, contractors, maintenance, and administrative functions is involved.

Morgan Stanley Research analysts stated in a note: “We believe that execution on these savings remains key given the steepness of the implied unit cost decreases, especially in copper.”

This year is expected to be the floor for copper department production volumes, which are said to be on a pathway back to one-million tons a year by 2028.

“We’ll curtail production where it makes sense,” Nagle outlined during the presentation covered by Mining Weekly. Examples where such curtailment has already taken place are in ferrochrome, copper/zinc smelting and coal.

While Glencore’s zinc and coal assets are largely operating at the required run rates to deliver full-year volumes, the company’s copper business is navigating various temporary, but largely expected, operational factors, including mine sequencing, lower grades, water constraints and cobalt stockpiling, impacting half-year production at Collahuasi, Antamina, Antapaccay and KCC, with all these operations expecting a substantial step-up in the second half of this year.

“Weak coal prices and low copper production were headwinds in the first half, but we see value at current levels,” Deutsche Bank Group analysts commented.

Half-year earnings before interest, taxes, depreciation and amortisation (Ebitda) was a 17%-lower $3.8-billion, reflecting weaker coal prices and lower copper production. Net debt to June 30 was $3.2-billion higher at $14.5-billion.

“Second half should be better,” Jefferies UK Metals & Minerals headlined in a results summary.

With healthy second-half cash flow generation leading to deleveraging, net debt is poised to reduce meaningfully by year-end.

The completion of the Viterra sale in early July brought in $900-million cash, along with 16.4% of the New York-listed Bunge shares that will be monetised for Glencore shareholders at some point in future.

Supported by the $2.63-billion value of the Bunge shareholding, Glencore announced a share buyback of up to $1-billion to be concluded by the presentation of its annual results in February next year.

The second tranche of next month’s base $0.05-a-share dividend payout will incorporate the new up to $1-billion share buyback communicated in July, taking total announced 2025 shareholder returns increases to $3.2-billion.

The completion of the Viterra sales process, the long-term marketing guidance Ebit range of $2.3-billion to $3.5-billion is also uplifted, the new midpoint of $2.9-billion representing a 16%-higher $2.5-billion.

“While there is much uncertainty around the impacts of geopolitics and trade in the shorter-term, we remain of the view that, in certain commodities, the scale and pace of required resource development will strugg…

Hello, incredible Rich N Fit Realities community! I’m baring it all in our February 2024 Debt & Savings Confession!

In this video, I’m going to open up about my financial struggles and successes in February. We’ll discuss the progress I’ve made in tackling debt and building my savings, as well as the challenges I’ve faced along the way.

Whether you’re here for financial wisdom or weight loss inspiration, this video is all about transparency, growth, and keeping each other motivated. We’re in this journey together, and together, we’ll overcome every obstacle.

So, grab a seat, hit that like button, and let’s dive into this candid and insightful Debt & Savings Confession for January 2024. Your support means the world, and it’s what keeps us moving forward!

Don’t forget to subscribe and turn on the notification bell so you won’t miss any of our financial victories and health milestones. We’re on this journey together, and there are many more successes to come! #DebtSuccessStory #FinancialFreedom #RichNFitRealities #accountabilitypartner #debtfreejourney

For Business Inquiries email: rnfrealities@gmail.com

Emergency Fund Calculator: https://www.pnc.com/en/calculators/investments-and-retirement/safety-net-calculator.html

00:00 Savings Balances
00:57 Credit Card Debt
02:46 Delinquencies
05:06 Emergency Fund Stats
05:55 HYSA
08:35 Fixing Low Savings

Some of my favorite books: https://amzn.to/3KF3tlr
Camera & equipment I use: https://amzn.to/3Z20lof

Disclaimer: Please note that this video is made for entertainment purposes only and not to be taken as financial advice. Always make sure to do your own research.

Join the family & subscribe to my channel here: https://www.youtube.com/c/ErinTalksMoney

Thanks for watching, I appreciate you!

???? Hey lovelies! ???? In today’s video, I will be sharing my January debt update + a savings challenge update!! Thank you so much for liking, subscribing and sharing my videos!!!

MY BUDGET SHOP ???? https://www.rochelleadamson.com/shop

???? MY OTHER YOUTUBE CHANNELS????
Budgeting Channel: https://www.youtube.com/c/RochelleAdamsonBudgetstheBudgets
Rochelle Adamson Travels: https://youtu.be/QU2AJpXieZA
Actually Tesla: https://www.youtube.com/channel/UCim25lnM198Fu7xsGHxOxWQ

???? RECENT VIDEOS ????
$7,000+ SINKING FUNDS COUNT & CONDENSE ???? https://youtu.be/psQki4iPJko

TIKTOK ???? Xhttps://vm.tiktok.com/TTPd2bKqk2/
???? INSTAGRAM ???? https://beacons.ai/rochelleadamson

???? EVERYTHING IN MY VIDEOS ???? https://www.amazon.com/shop/rochelleadamsonbudgets?ref=cm_sw_sm_r_inf_own_rochelleadamsonbudgets__mw_fN5LaO3TZ2G1C

LOCOCK CALCULATOR: https://amzn.to/3uiXtHb

DIGITAL COIN BANK: https://amzn.to/2JRxnWQ

???? DAUGHTER’S SHEA BUTTER ???? https://www.evashawaiiansheabutter.com/

???? Money & Investments ????
ROBINHOOD: https://join.robinhood.com/rochela21
M1FINANCE: https://m1.finance/CbB2yRtWKWuP

???? Shopping/Surveys ????
FETCH: https://fetchrewards.onelink.me/vvv3/referraltext?code=G7K27

???? Hey budget family! I’m Rochelle, a traveler who loves to budget & budgeter who loves to travel currently living in Honolulu, Hawaii. I’m a wife to the man of my dreams, Micah for the last 16 years ???? and a Mom to my BFF 10 year old dtr Eva ???? we are on Baby Step 2 of our version of Dave Ramsey’s plan, working to pay off our consumer debt. We are mortgage FREE!

DISCLAIMER: This video and description contains affiliate links, which means that if you click on one of the product links, I’ll receive a small commission from qualifying purchases. This helps support the channel and allows us to continue to make videos like this. There is no additional charge to you. Thank you for the support! I am NOT a financial expert. All the advice I provide is based off my own personal experience and are for informational and educational purposes only. Consult with a professional before attempting anything seen or done in my videos.

#januarydebtupdate #debtupdate #rochelleadamsonbudgets

???? I LOVE HAPPY MAIL ????
P.O. Box 75586
Kapolei HI 96707

Good For You by THBD https://soundcloud.com/thbdsultan
Creative Commons — Attribution 3.0 Unported— CC BY 3.0
Free Download / Stream: http://bit.ly/2PgU6Mu
Music promoted by Audio Library https://youtu.be/-K_YSjqKgvQ

???? Over You – Atch https://soundcloud.com/atch-music
Creative Commons — Attribution 3.0 Unported — CC BY 3.0
Free Download / Stream: http://bit.ly/_over-you
Music promoted by Audio Library https://youtu.be/rlBuOflkHSk

Track: Peruvian Woods — Dave Osorio [Audio Library Release]
Music provided by Audio Library Plus
Watch: https://youtu.be/APpyfZrwTis
Free Download / Stream: https://alplus.io/peruvian-woods

Hi Planner Friends,

Join me for a February 2023 Budget Review. In this video I am recapping the month and sharing how I use the Budget Mom workbook. I am covering goals, income, expenses, debt, savings, cash envelopes, sinking funds and savings challenges. For this budget, I use the Erin Condren Monthly Planner and the Budget Mom Workbook in the boxed set. I hope that you gain some budget and planning ideas from this video.

Budget Kit designed by me and available at Studio Bliss Co www.StudioBlissCo.com
Shop With Me for Stickers and Cash Envelopes on Etsy at Studio Bliss Co.
https://www.etsy.com/shop/StudioBlissCo

Join the Studio Bliss Co FaceBook Group here:
https://www.facebook.com/groups/2867631376833746/

Connect with me on Instagram:
@lifewithniabudgetandplan
@studioblissco

Save $10 on your first Erin Condren order:
http://bit.ly/2R1EPQv

Save $5 off your first $15 or more order with Simply Gilded http://bit.ly/2PvOUnw

Check out my Amazon Favorites:
Sharpie S-Gel Pens. https://amzn.to/3pm025b
Sharpie S-Gel Gunmetal Barrel https://amzn.to/320NyXd
Sharpie S-Gel Gunmetal Barrel (12 Pack) https://amzn.to/3uT3cjV
Sharpie S-Gel Champagne Barrel. https://amzn.to/3qZTbzV
Sharpie S-Gel Frost Blue Barrel. https://amzn.to/2OHVaei
Sharpie S-Gel White Barrel https://amzn.to/3sqvel1
Sharpie Paint Marker Extra Fine Point https://amzn.to/3dOwSJw
Uni-Ball Gel Impact UM-153 White Ink 1.0mm Rollerball. https://amzn.to/32IBt9r
Locking Curved Craft Tweezers https://amzn.to/3wG8UqV
Clean Color Dot Dual Tip Set. https://amzn.to/3u0PL1M
Clean Color Dots Metallics. https://amzn.to/3bfYENo
Clean Color Dots Basic Colors. https://amzn.to/30iqa6w
Ring Light. https://amzn.to/2UkqWgw
Waterpik. https://amzn.to/3nZzRSm
Ring Doorbell. https://amzn.to/31esCMi
Solar Lights. https://amzn.to/3dw16yK
Infrared Thermometer https://amzn.to/3513s4V
Personal Agenda https://amzn.to/2PgKpfI
Personal Agenda Blue. https://amzn.to/2HluYSv

? PO BOX ?
Nia Brown
PO BOX 2463
Elk Grove, CA 95759

Use Our Savings to Pay Off The Rest of Our Debt or Get a Newer Car?
Nix the guesswork and scrolling. We’ll connect you with investment pros we trust: https://bit.ly/3hc6Pgt

Visit the Dave Ramsey store today for resources to help you take control of your money! https://goo.gl/gEv6Tj

Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch debt-free screams, Dave Rants, guest interviews, and more!

Want to watch FULL episodes of The Ramsey Show? Make sure to go to The Ramsey Show (Full Episodes) at: https://www.youtube.com/c/TheRamseyShowEpisodes?sub_confirmation=1

Check out the show at 4pm EST Monday-Friday or anytime on demand. Dave Ramsey and his co-hosts talking about money, careers, relationships, and how they impact your life. Tune in to The Ramsey Show and experience one of the most popular talk radio shows in the country!

Ramsey Network (Subscribe Now!)

• The Ramsey Show (Highlights):
https://www.youtube.com/c/TheRamseyShow?sub_confirmation=1
• The Ramsey Show (Full Episodes): https://www.youtube.com/c/TheRamseyShowEpisodes?sub_confirmation=1
• The Dr. John Delony Show: https://www.youtube.com/c/JohnDelony?sub_confirmation=1
• The Rachel Cruze Show: https://www.youtube.com/user/RachelCruze?sub_confirmation=1
• The Ken Coleman Show: https://www.youtube.com/c/TheKenColemanShow?sub_confirmation=1
• The Christy Wright Show: https://www.youtube.com/c/ChristyWright?sub_confirmation=1
• EntreLeadership: https://www.youtube.com/c/entreleadership?sub_confirmation=1

Saving: 8 Laws of Saving Money: Budgeting Your Savings and Debt, Managing Your Personal Finance That Doesn’t Suck FREE BONUS BOOK Have you ever been thinking that it’s time to start saving money, but you just can seem to get around to it? Personal finance sometimes feels like a money management burden that will never leave you debt free. In fact, Thomas Jefferson felt the same way. He had some very profound feelings about debt in both his public and private worlds, and he left behind some wise insight that allows us to realize we’re all in the same boat, with the same worries. In this book Saving Money: The 8 Laws of Saving Money we cover 8 great money saving strategies and rules that will change your way of thinking about frugal living, and budgeting for beginners. Of course, we do this with a little help and insight from the words of Thomas Jefferson himself. Law 1: Saving is Symbolic and Debt is Symbolic We have to look past the abstract about what money symbolizes and see it for what it really is. We have to do the same with debt, and when it becomes clear that debt is a form of slavery we might think twice about volunteering for slavery. Law 2: It’s Time to Break It Down Let’s break down where the most obvious money habits that fail you. Remember, we’ve going to learn how to save money in a way that doesn’t suck, so first we cull the stuff we don’t care about. This activity will help with that challenge. Law 3: Think of Your Savings Like It’s a Bill That Must Be Paid to Yourself How frustrating when this rule is so much easier said than done. Let’s discuss the reality of this concept, and find out how to make it happen. Law 4: Start Making Comparisons about the Services You Subscribe To This where the meat of your savings happens. You don’t need to cut into the quality of your life like you think you might, and you can still save hundreds of dollars a month. Law 5: Don’t be Fooled by the Smoke and Mirrors of the Guy Standing Next to You Keeping up with the Jones’s is the biggest scam society ever made you believe. Cause the Jones’s might be stupid with their personal finance. Learn to be smarter than the next guy, not fooled into consuming every shiny thing. Law 6: Don’t Make Emotional Money Decisions Don’t be tripped up over your emotions. Learn a few useful skills to work with those emotional feeling.Discover when it’s time to buy the thing you love, and when to turn and walk away. Law 7: Know Your Team Not everybody cares about your success. Identify who to work with and who to say no to when it comes to digging into your pockets. Law 8: Small Goals vs. Big Goals We all have the goal that drives us to financial success, but you want to discover how the small goals will help you achieve the bigger ones. In fact, you might need to buy that laptop and reward yourself, if you want to make it to that big dream goal. Tags: saving money, saving money tips, personal finance that doesn’t suck, hot to save money, a guide to saving money, save money tips, money management, frugal living, frugal living tips, debt free, debt free living, debt to pay, budgeting for beginners, budgeting and finance, personal finance books,

The debt bomb is ticking. The U.S. Treasury says our national debt will hit twenty-eight trillion dollars by 2018. This means that every single day you keep your savings in paper-backed investments, the Federal Reserve destroys your money, your stocks, your savings account, your 401K. But just as the debt has more than tripled in the last decade, so have gold and gas. Gold and gas track debt more than any other assets on earth. So if the debt is doubling to $28 trillion by 2018, where do you think your money needs to be? Gold has been the greatest hedge against currency collapse the world has ever known, and gold has been the world’s wealth preserver of choice for over 5000 years.