5 bad money habits that were keeping me broke

[@Christinamychas]

What are some bad money habits that You’re working on facing?

[@lizzabbott]

Not saving ! 🤦🏻‍♀️

[@wakeupstylellc]

Eating out is killing my debt free goals. I get sooo lazy to cook 😅

[@BeeBaldwin]

I still get a rush/oooo feeling even when I’m not looking to buy anything! I’ve been focusing on spending money more on experiences and not things.

[@clotildeb7315]

Errmmm... Not having a job!

[@lubnan08]

@@wakeupstylellc same

[@vionaelbe]

Timestamps for you all :)
1. Yolo 1:27
2. “Just picked it up” mentality 3:37
3. Joking about being broke 4:58
4. No plan 5:51
5. Not having an automated money system 8:44

[@eleanorandrews6048]

I'm turning 51 this year and are only now making a change in my money habits to pay off all my debt ,I'm literally half way through all my debt and going strong 🙏

[@KateKay28]

Good for you Eleanor!

[@JudelovesRiver12]

Awesome job!

[@user-rr8xo6li2s]

I’m 52 Eleanor and in a very similar place. It’s never too late & I feel better for finally control. Good luck - we’ve got this!

[@TheNinnyfee]

Very encouraging to read about "older" ♥️ people that are also still transitioning. I was done already but then "relapsed". Now I hope I will be free by the end of this year for good.

[@gc377]

Rooting for you!!

[@paulacostello6912]

Nice to see a Canadian youtuber. I "coasted" along with maxed-out credit cards and no savings until i was 58. Glad to hear you smartened up sooner. :)

[@dchen8874]

i think ive got a few bad habits:
- fear of missing out (game purchases and fandom merch)
- sales (mostly clothes)
- "i'm hungry/thirsty and tired so im just going to buy something from a restaurant instead of homecooking"

[@carlsenlifeafter60carlsen11]

I was never taught about money and I think it is very important to learn at a young age. I feel it’s connected to your self-esteem. If you feel good about yourself you don’t have to spend a lot of money to impress others. If you don’t feel good about yourself you’re always spending money. Anyway that was how I felt. I married a CPA and he taught me about money management. I am grateful . I will give you a piece of advice from someone who’s over 60 that if you don’t have money when you’re older it makes your life a lot harder. You need to save for those days that you’re not going to be doing well in your Health.🇺🇸😊

[@marissacal29]

I think my bad habit is "being an ostrich" - keeping my head in the sand and being unaware of what I'm spending. My husband and I make decent incomes, and he handles our finances, so I kind of just assumed things were fine and went about living life (so a little YOLOing too I suppose). I didn't feel like I was making extravagant purchases, but lots of medium and little ones do add up... actually that's even a lie. We did have several big purchases associated with fixing up a home we purchased last year. So anyway, once I realized we were on a downward spiral of credit card debt, I took the time to comb through every purchase over the past few months and was embarrassed at the amount of money we spent on such pointless things. So for me, just the simple act of knowing where the money goes has helped us take some big corrective steps.

[@TheEmzies]

It's really important for both partners to be involved in the finances. One of the things I've learned is how many women leave money management to their partner and then are left in the lurch when things go bad.

[@marissacal29]

@@TheEmzies totally agree. I almost edited my post to say something along those lines. While I've always known where we stood in terms of income and recurring/monthly bills, it was the more discretionary income and actually balancing the books every month where I became complacent. Definitely important to have a clear picture of it all. Thanks for raising this point!

[@shellbell8062]

One thing that gets me into trouble EVERY TIME is watching stylish influencers. Once I see them in a gorgeous outfit I hit pause and go to search for the items. I do have an amazing wardrobe and I have plenty to wear - no need for any more especially considering that I have no savings. I can't tell you how many times I go through the spend-guilt cycle. Perhaps I need to ban myself from watching the videos.

[@Christinamychas]

I still struggle with this often too. I often unfollow for a bit as needed, but another thing I do encourage you to try is removing the guilt from the equation! Is there a way you can set yourself up so you can spend some of that money (mindfully!) on the things you’re interested in guilt free? Automating my savings etc has helped that aspect a lot for example!

[@tataandre8907]

same here :((( actually meditation somewhat helps me to be a little bit more conscious and when i scroll smth and find myself brousing that exact shirt on the website i get out of the trance and close the page))

[@jenquarry7169]

I recommend also watching Alyssa Beltempo - especially if you actually love your current wardrobe. She talks all about wearing the clothes that you have and using what you to create your own version of the outfits that you see. It might help you think about that inspiration a little differently. Instead of thinking “I need to go buy those exact items” it’s “let’s dig into my closet to recreate that outfit using items already in my closet”.

[@neitilusikka4226]

I have noticed that watching influencers who buy constantly really triggers me. I never look up what they wear (I can't afford to buy 1000$ dresses). What I do is to "onlineshop" (in a cheaper platforms similar items), I put items in my basket and leave them in there. If I really want/like something I re-visit the page after a week (if I even remember it anymore) and then I might buy it. I never use creditcard to buy clothes etc. I have to have that money in my account. I have automtised my savings, when I get my paychek the same day all my savings/investments and monthly budget will be transferred to my usable accounts. With this system I have been able to save quite significant amount of money (from a low-ish income).

[@khalilahd.]

I definitely have a bad relationship with money and I would love to change that. I have a few of these bad habits and now I’m ready to evolve 🙏🏽

[@Christinamychas]

You got this!

[@yazzybananas3106]

Girl, I'm on the same boat. Even though I have been saving for some time now, I didn't realize my shopping was out of control. I could have been saving even more!
What helped it snap into reality for me is adding up all my shopping expenses of the year so far. So January to July of 2022. When I tell you, I was shooketh to my core when I saw the total 🥴
I added all my poshmark, in-store, and online shopping receipts. Atleast, all the ones I could get my hands on and find.
My next step is to stop impulse spending, and have a $500 yearly shopping budget.
I'll write down all my purchases to make sure I don't overexceed that number. Along with making sure my purchases are thought out well.

[@lubnan08]

Same. I need to change.

[@ginac4153]

Fantastic video as always Christina. you've inspired me so much, as a fellow spender who had a weak spot for clothing and shoes. who has turned things around 180! To address my online shopping habit, I've increased hobbies like hiking and gym classes instead of browsing online for clothing or on the Gram. In 2022 I listen to personal finance podcasts for inspiration, rather than watching the RUclips haul videos that I watched in 2021. My personal finances have had a complete makeover!

[@lindaraj3643]

So inspiring!

[@sim771]

Honestly, for me it wasnt until i got a professional diagnosis of my adhd that i was able to really start changing.
Shopping addiction is real, but for me it wasn't addictive spending. I had all of the elements amd knowledge in place and would buy impulsively/hyper-fixate.
It isn't an excuse, no creditor g.a.f nor will you get any breaks. If you've done all the work (cutting out social media, financial literacy, mental health work to not emotionally spend or fomo, goal setting, etc) and you're still having issues with spending and don't know why, seak professional, psychologist, help because there might be something deeper that no amount of self-help or gurus can help with (you'll be spending money on trying to not spend money)

[@sim771]

Essentially, if i manage my symptoms, ai manage my shopping. But ubtil you get to that point where everything else is managed and only your symptoms are left, then it won't be the full solution

[@AlexLouiseWest]

Well done for getting your diagnosis, and for realising there was something additional going on.

[@amyrvlogs]

I lived the YOLO life for way too long, just thinking I would eventually make enough to pay it all down within like 6 months… I’m still early on my debt-pay down journey, but feeling a change in my habits and how I think about money has definitely helped me feel more confident in being able to achieve a debt-free life!

[@emilytahni3139]

Would you consider making a video for us on how you have adjusted your spending/budget given inflation and the recession?
...especially as a millennial in Toronto - eek! Thank you!

[@Christinamychas]

Yes! I’m making a video of exactly how I budget soon! I can incorporate it there 🥰

[@amanda.strutt]

This was SO helpful. I'm actually excited to pay off and build something for myself now!!!

[@AEOversity]

It takes guts to be honest about this bad money habits. Thanks for the pieces of advice. I mean it is really different if u urself experienced broke years. I’m new subscriber. I like how u narrate, not condescending and insincere but just like talking to a friend. 🙏🥰

[@musingsofamuslimah2018]

Congratulations on reaching 100k! You really deserve it. I've been following u for a while & had so many AHA moments watching u articulate what i have been experiencing, but unable to put into words myself. Thank you for being the inspiration for starting my own journey to becoming debt free. Stay blessed 🌹

[@jbar234]

Thank you for this, I am trying to get credit card debt under control and be a better example to my teenager who just got a job. I realized a few months ago I had way too many Amazon subscribe and save things going on, many of which were not timed well at all-ended up with like five big bottles of shampoo that arrived within three of each other and some products weren’t even getting used at all. So I made a lot of adjustments and canceled some. My other issues is “but it’s only $20, it’s only $50 such a great deal, it’s only $10/month, it’s only…” You get the idea. Just being more self aware is half the battle for me and I am definitely going to start using more cash for things.

[@elizamartin4263]

I found your channel through Chelsea (The Financial Diet) and I think it was perfect timing! I've been slacking on budgeting and allocating my money towards long term goals instead of short term fun. Your videos encouraged me to pay more attention to this and make changes. Thank you!

[@mab3900]

I love your videos. I like the fact that the points you make are genuine and not predictable!

[@juliacann892]

I love how you explain things! I really feel like you’re speaking my language. I couldn’t figure out why I’m always broke and waiting for each paycheque. Hearing these and watching your other videos, I think I get it!

[@HannahMarieee]

I agree that this way of explaining is so clear and on point💗

[@jlkitz1775]

Thanks for another great video. I've been debt free twice, so am encouraged; my car is older & paid off; I have no credit card debt. I'm 53 y.o. and still working at keeping my spending in check (small things are easier than waiting for the BIG purchases).

[@athenaabarnes]

Great video! A lot of people don’t seem to come the same realizations as you have. Personally I love a good sale, and shopping in general. I’m on a no spend for certain categories, but for everything else a dedicated spending fund helps. It limits how much I spend, and I have less guilt because the money is already spoken for ✨

[@jenntruong6023]

Good that you are debt free now- my husband and I are trying to pay off an old loan so it will take a while (a few years maybe). But we are chipping away at it and have a plan so we will just have to be patient for our future goals (forever house, new furniture, traveling more)

[@emilykochco]

finally watching this now, Some things that have been bad habits for me is eating out ( especially on the weekend with the kids) going to coffee shops just because I want coffee. Buying groceries but then forgetting things and spending way more than I thought. buy new food and not using the food from home. buying things because I want it and not really accessing my budget. Im in the middle of doing a complete budget change because things arent working lol

[@abigailheynen4065]

I would love to see a video on how you navigate finances with Jeff, as there are many line items that can overlap in your budget esp when you live together (eg. rent, groceries, housewares/decor). Do you split 50/50, by a percentage relative to income? Would your system change if you got married (eg. fully combining your money/accounts)? As a newlywed currently navigating this topic, I would love to hear your thoughts on it!!

[@neitilusikka4226]

With my partner we pay procentage amounts of the bills, hence he earns way more than I. This has worked for us, because we both agreed that it wouln't be fair to pay 50/50 when another one earns a lot more in a month. We find it important that both of us are able to save for our future and have stable finances.

[@inderjitkainth5353]

I’m lucky that I live at my parents (Indian daughters usually stay at their parents house till they are married or find a job out of the city I still pay my own bills and help out with food cooking and cleaning etc) so because I live at my parents I just put what I would be paying on rent into my tfsa (because Tfsa money is still accessible) I’ve been doing this for the past 7 month and have saved up 8500 I’m gonna try maxing out my tfsa because I think that’ll help me retire with a million. I also have a really good pension program at work and will likely hit my magic 80 by 60.

[@aishaish531]

May i ask what you do for work?

[@Sourcingandmending]

Congrats on 100 k! Well deserved!

[@myrnaj4502]

We all can learn from this ❤️🙏🏾❤️.

[@Christinamychas]

🥰

[@vidamaria29]

For me, this was one of your best videos. Thank you!

[@1974lilli]

I never had such habits. I have a completely deeply different relationship with money and stuff. I don't say that I have a better one. Just very different. The root is surely my immigrational background from the former USSR. I never ever in my life equated money/stuff with success. Having it was never a sign that someone made it. In my professional life I was going for "interesting" and not for "it will give me gainful employment". And somehow I always had enough money.
I find interesting in your channel the attempt of conscious, truthful and deliberate living. I think that is something that always leads to success.

[@eneidaesser566]

Thank you. I am struggling every day with my addiction to shopping. I look in my closet and am overwhelmed and never know what to wear. It looks like a boutique with beautiful clothes I don’t even know how to put together.

[@Budgetmeright]

The envelope system is the only thing that worked for me. This way I have to actually budget for something if I want to buy it. Also paying your self first was key for me. We all work so hard, we totally deserve to save some before start paying bills and spending for variables.

[@pamb2868]

I’m 63 year old married woman. We don’t have a lot of money. We did a few months ago. My mother in law left my husband her house. He passed away at the end of last year. The house we didn’t want it’s in a different state. So he sold it by auction. I know we still have money. Just not how much. We have to have money to pay to get a well dug. Once that’s done we my decide to move. We’ve lived in our house two years with a water tank we have get filled up. And it isn’t cheap. So if we could get someone to come drill a well for us it would make our lives so much easier. But I have always been a buyer. I think it stem from me being poor as a child. And now we have money and I spend too much of it shopping. But I’m going to go through my closet. I don’t think I’ll have a capsule wardrobe. But something close to it.

[@jesslopez818]

God bless you, alot of people struggle with that and you made a point where you said it stems from having less as a child. I totally understand you and it's not easy, sometimes anxiety get in the way too and sometimes just the thrill of having something new. But I want to tell you that prayer works and asking God for help also works. I pray this helps you and I'm so sorry about your husband, it's not easy losing someone. Many blessings to you and I pray you overcome in Jesus mighty name.

[@Illforgeteventually]

Oh my gosh I did every single one of them. I never even thought to automate. 😮 my mind is blown lol

[@Sexy-Gnome]

This was the most helpful, realistic, and eye opening video I've seen on RUclips. Perfectly worded. I related to this a lot. Thank you for posting this - I'm now subscribed.

[@halliebass]

Important points. I had my father, George who told me not to buy anything I didn’t have money for or couldn’t afford. I always had a decent vehicle, but not over the top. I like to travel, and love clothing and shopping, but I am sensible. I retired debt free. Own my own house and put an extension on with inheritance money. No debt. I am in pretty decent shape in my retirement. But we are always on the line, are we not? . I budget and am careful. I pay into my income tax fund so I don’t get a surprise in April. I resist all the pleas for monthly charitable programs. I donate well over the average to charity and maximize my income tax deductions. I am wary of catfishers, as I could be a prime target. Any man that would ask me for money ……..history. Would you like to invest in…….history. I have pared down my wardrobe, as I am no longer working and have some mad money for lunches with friends. I list my upcoming expenses…..fall car and house insurance, wood for the stove, spring is property and income tax…and am prepared to pay them on time. I have never had big debt. I went back to school on a divorce settlement in the 90s and worked while I did my NP part time. I am glad I had parents who were good with their money. They didn’t have a lot but nor did they owe a lot. Glad you have sorted out your debt issues and can still enjoy a little splurge once in a while! I Hope by posting this, I am not inundated with trolls and creepers! Haha!

[@ros8986]

Your mention of a Chanel bag led me to the questions - "would I still want a ( XYZ designer brand) bag if it didn't have the brand?" and "would I still want the bag if it was made in a non-european country?" PS - being (newly) vegan, it saves a LOT of money on some things.

[@Christinamychas]

Good call! I might just want to keep the money when push comes to shove. We will see!

[@ros8986]

@@Christinamychas maybe do some research shopping. You can probably find a well-made no name bag for $200 or $300 rather than a Chanel for $3000 to $5000?

[@venusvalera8692]

Angela Roi makes luxury vegan bags in case your looking for one

[@ros8986]

@@venusvalera8692 thank you!

[@SimplyAby]

congratulations to the 100k 🥳 your contents are very helpful and very relatable. 🥂 to more financial journey with you, Christina 💗

[@tataandre8907]

this is a trap of social media to keep us broke)) fashion influencers know which buttons to press on us - shopping addicts. i can't refuse to ban social media for the sake of my wallet but before searching hashtags with my fave brands e.g. I agree to myself to watch for inspiration and I literally talk to myself that god, there are so many talents in the world producing amazing clothing, but you can't have them all, it;s useless, let's just admire quietly))

[@jlkitz1775]

Encouragement, provision & peace to those who are jobless right now, or being paid below cost of living ✌🏾❤️

[@linnaeuskuderewko]

i didn't think this video could be any more perfect until Neo came up and you mentioned being Canadian!! 😭😍🇨🇦

[@karosway]

Wow, thank you so much for sharing. You really did something to me here. My goal to be dept free was always there, but somehow I had no clue how to reach it. But putting it down to these aspects really helped.
The sum I need for me goal is quiet overwhelming, but I will start from the beginning and will be able to reach it.

[@tearose67]

Can you go more into depth on how you worked on overcoming spending money on impulses and instant gratification? I would watch the heck out of that video! It’s something I’m struggling with now.

[@judyvsworld]

i love the editing of this video!! i'm ready to binge your channel

[@annasssokol]

Christina, thank you for your videos and being honest, it is so refreshing and relatable

[@HannahMarieee]

These are such good tips, thank you so much! 🙏🏻

[@comfort-and-joy]

Not sure if this is your brand: but I’d so enjoy a video where you react to / break down the movie confessions of a shopaholic! That could be a fun new stream of content - reacting to / breaking down depictions of women shopping in movies & media and identifying lessons and patterns

[@thaohuynh4977]

Love your videos. Please keep them coming!

[@basil33]

“Put it in H!” Lol I love the Simpsons clips you pepper in your videos. I remember all of the episodes 🤣

[@catherinejohnson2762]

I love listening to you in your videos, keep your lovely energy! 🧡

[@ryeofoatmeal]

omg baby pharmacist christina looks like avril lavigne 🧐

[@Christinamychas]

Haha it was 2010 after all 😆😅

[@tinaorozco3447]

This makes so much sense!

[@benjy7656]

I've gotta better as I get older but I feel like the trap is your life will be better after I get these new pair / second hand pair jeans. Rather then being content with the jeans I already have. If that makes sense jeans are my weekness ha.

[@MediaSocrates]

As of today, your man MediaSocrates is ***DEBT-FREE*** for the first time in a decade!!! 😊😊🥳💯 Thanks for all the inspiration and support! My life is my own again (and my cat's).

[@Christinamychas]

YES! Congratulations!!!!!!

[@acmpmen]

Girl, i drive a 2004 nissan micra aka my surf mobile!

[@sablisland]

2006 Nissan here! 🙋🏼‍♀️ no car payments and I don’t have to feel too preciously about dints, scrapes, being a not-great driver. Everyone I know who has a new car and a hefty payment plans around and worries about possibly damaging their vehicle - at that point I feel like your purchase owns you !

[@bellebb8673]

@@qxqx3491 Gotta laugh, our family car is 22 years old. We bought it new and I guess you could say we got our money out of it. No plans to buy another one. And we never had more than one car at a time. Where we live does have good public transportation, I know not everyone has that option.

[@gaudyronan8874]

Love love all your videos!

[@heyygurrl08]

thank you for this

[@tinaorozco3447]

This is such good advice!

[@Christinamychas]

So glad Tina!

[@erica6671]

It's so hard for me to say no to travel I can't afford because I'm afraid travel may not be possible in the future (more pandemic? regulation of fossil fuel? world war?)

[@albertschulz5575]

Valid points, but the only thing that got ME out of poverty was getting a job that paid enough. All the budgeting and frugalism never got me anywhere and certainly not out of debt or to a good nest egg. Decent wages are the basis, not "financial savvy", self-reflection or motivation.

[@Christinamychas]

Yes agree - you can only cut so much

[@claudiaalarcon3574]

I think for your style, Chanel boy bag or Chanel 19 is more you. Even a reissue style is best. Classic flaps are very formal bags. Just my opinion from a Chanel collector

[@carolineoehler1924]

can you make a video about the plan thing (funds) and the automatic money thing..?

[@Christinamychas]

Yes! In the meantime, I highly recommend the book “I Will Teach You To Be Rich” by Ramit Sethi. That’s where I learned it!

[@docnat09]

Great video!

[@fortresssnug]

I love this content!! 💎💎💎

[@tonynguyen7636]

Such a nice refreshing aura

[@PowerOfAIandMotivation]

Thank you 👍🏻

[@lizzabbott]

Excellent video as always, Christina ! I’ve been watching your channel for a while, & I am SO thrilllllled for you reaching 100K subs ! CONGRATULATIONS from Buffalo, New York ! Right across the Border ! Liz
PS Toronto is a Second Home of mine … in my heart. ( as you can see by my photo haha !)

[@robinsmith4499]

It took years but I make money by having a healthy budget on my credit card. 🙌🏻🙌🏻

[@ASneakerLife]

FIRE VIDEO!!! I’m in YOLO mode it’s gotta stop 😖

[@tamaralopicic4866]

Could you share with us this monthly plan you built??

[@Christinamychas]

Yes!

[@caro8855]

Hi Christina! I would love to know what you do to invest, as a Canadian :) do you do it by yourself, via an app, etc.? Thank you so much!

[@Christinamychas]

I do it through my bank and weathsimple as well! Index funds and ETFs mostly

[@Shfl99]

Can you make a video on investment

[@ardendurham284]

What money or income budget program do you use?

[@Christinamychas]

Every dollar! The free version

[@karenlindgandrup]

Which app do you use for budgeting? And method for budget? Thanks :)

[@Christinamychas]

I use the every dollar app! (Free version) and do the zero based budgeting method

[@venusvalera8692]

@@Christinamychas what’s the zero based budgeting plan?

[@stacy6437]

I love food
So I have to eat before I leave home.

[@han8379]

Where did all your money go?
I'm either wearing it,or I ate it?😅

[@lalalife6231]

omggg so you’re a pharmacist!!! hi co-pharmacist 🥰❤️

[@Christinamychas]

Hi pharmie phriend! 🥰 💊

[@aishaish531]

Neo is from which bank.?

[@wakeupstylellc]

I see you kind of follow the Dave Ramsey, did you follow what he says to pay off your debt?

[@MarielaMerino]

baby Christina!

[@shachede6828]

Me everytime I say I will get my finances together! I DONT! sick of it! Sigh. I make more money so it doesn’t kill me. But looking at how much I earn I could have have done way much more by now. I just think oh $200 or $500 won’t change. This month at the end, I am really going to see where all my money went.

[@Christinamychas]

Highly recommend the book I Will teach you to be rich by ramit sethi! It was a life changer for me!

[@loubo9532]

My bad habit is being poor.

[@angesoie]

100k dance

[@Star124561]

I drive a 1997

[@tas64]

I can't get over the fact that you were blonde!!

[@Christinamychas]

Lmao right? And no idea what purple shampoo was either 😅

[@ros8986]

Please consider being grateful you don't live in the US.

[@GiaGDixon]

Your earrings and journey are fire. Thank you for sharing these incredible tips! I need to rethink my life haha.🦾

[@flexknits]

Honestly my old car that was totaled (not my fault 🥹) was a 2007 and I miss that car so much

[@Christinamychas]

Glad you’re safe!