7 MONEY LESSONS I LEARNED FROM MY DEBT
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- Опубликовано: 25 авг 2024
- Today I'm sharing 7 money lessons I learned from being in debt. These are money lessons that I wish I learned sooner, and money lessons that are also keeping me on track to achieving my financial freedom.
What are some money lessons you've learned?
#moneylessons #payoffdebt #debtfree
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ABOUT ME:🌿
Hi, I'm Christina - I'm a blogger slash vlogger slash human on the internet slash pharmacist, hence the "apothecary" theme in my name. I'm living in Toronto, Canada and on my channel you'll find me on my journey towards minimalism, being content with less, my debt free journey, and content on my LOW BUY. I also focus a lot of fashion. I think anyone can curate a personal style we can be confident in, using pieces from out own closet or with carefully thought out new pieces. I'm happy to take any requests, too! Your girl is flexible (not physically). Feel free to leave me a comment below - I always make sure to read and respond, and I love chatting with you guys. Thank you SO much for watching and taking the time out of your day to support my teeny little channel. Love xx, Christina.
FTC: this video is not sponsored. Items marked * are gifted. Some links are affiliate. Not financial advice.
DISCLAIMER: I am not a financial advisor or professional. The ideas presented in this video are for entertainment purposes only.
Hey guys! A had a few questions about this: the budgeting app I use is Every Dollar by Dave Ramsey! apps.apple.com/ca/app/everydollar-budgeting-app/id942571931
I don't mean to hate on anyone but it's so refreshing to see financial advice from someone who is actually struggling with money (or has struggled with money) and not some youtuber living in a mansion, who spends $500 to get their hair done every month and then they're like: 'the dummest purchase I've made was a $2000 dollar designer bag, I could have gotten it for $1800 with my code which is linked below' . that just drives me crazy... great video btw!
stupid logic, sorry. Learning from a person who made it by himself rather than a person who is struggling is obvious. The first one can say that he'd been doing this and got these results.
It just seems that you simply envy.
@@jeka13443 lol I mean the fact that they turn these videos into ads instead of actually giving advice
@@agatatomicka8537 maybe
@@agatatomicka8537 There are quite a few financial youtubers that don't really sell anything, they are making enough money off of monetization, and they give solid advice.----
Can't agree with this any more! She's so realistic to my life unlike RUclipsrs
I realize so much of my overspending comes from being poor as a child. I grew up in the 80s and you were basically a nobody without guess jeans and hi-top Reebok's. I am not wealthy now but if I want something, I can usually get it. However, I find myself overcompensating for the kid who could never keep up with the labels. Thank you for your video. Very inspiring.
I definitely experienced something similar. I think I’ll do a whole video about it. For my childhood classmates, it was those fuzzy GAP sweaters and Nike running shoes that were “status” gauges in 6th grade. So brutal.
Absolutely me! @styleapotheca would love a video on this 😊
Me too, 💯
Same
Yes you got that right, I think it also can apply to people who were bought everything when they were growing up as well. Those people seem to become shopaholics and always feel the need to accumulate.
7 money lessons to get out of dept
1. Credit cards are not money
2. You HAVE to budget
3. Stop buying stuff for "special occiations"
4. Nobody cares (vacation, cars, outfit...)
5. Dept comes fast, but paying it off is very hard
6. Math works. (Budgeting)
7. Money cant buy happines.
Early retirement is the dream. I refuse to accept that I have to be at the end of my life to enjoy time freedom. Let's hustle to financial independence!
i lost my job with Qatar Airways in 2018 went into debt started investing 2019 and paid off all of it via profits off investing before pandemic. Investing is a great choice I made.
I lost my job too and got into investing I am patient and hopeful, watching a lotta investment videos and keeping my head up waiting for all this to be over and the markets back to normal
@@blllywilder8299
I have never been in debt, I own two pugs, a successful business and I cruise a roadster, I built from investing under the guidance of an advisor and investment broker, it has been a joyride. Proper consulting before getting into a business you do not understand is key to making hella gains.
@@carolinekellysarin3282
I recognize hardwork when I see it, I am in need of an impartial advisor how can I reach out to yours? I have a more than a handsome amount to invest into the stock market but with the right guidance.
@@johnsonlyndon6332 Over the past 10 years i did manage to beat the market by a nice factor with a little amount of risk always stuck in an efficient investing model without beating myself up about how to beat the market. I make 600k a year give or take, My goal is to be financially blessed by end of 2020 at this pace but have to attribute this only to guidance of a SEC regulated investment adviser, LISA JILL GRENELL while i have monopoly access to my account and funds.
I had to learn that no matter how much I bought, I would never have enough. That no matter how much I got, by my next pay check I’d have a list of things that were ‘this is it, after this I’ll have everything and I’ll be happy’ but it never ends. I took stock of the advertising I was exposing myself to via Instagram and RUclips and stopped following people who made me want to buy things (even though I liked their content) just so I could get ahold of myself.
i thought it was just my issue to buy smth and swear that now i had everything and no more purchase would follow :))
I now view all my shopping through an environmental lens. All these material items will ultimately wind up in a garbage dump someday. So when I go to buy something, I imagine what that looks like, and almost always I reconsider buying that item. I try to get as much use as possible out of the stuff I already have.
wow, when you talked about how you used to take value in people’s complements about your outfits hit pretty hard. I’m not the standard pretty face, therefore I compensated with outfits and looking expensive so I could feel like I’m on the same level as others. However!!! after this video, I opened excel and now I’m making a budgeting sheet to stop spending so much on clothes
YES! your value is from you ❤️ not your stuff. Love a good spreadsheet too
I'm not pretty either. And I know that no clothing can fix it. I'm compensating it with kindness. And since I know that I can't fix it, I don't even try. I walk around in tinkered clothes and only spend in expensive, ugly, but comfortable shoes. A hippo in a fancy dress is still a hippo. But I'm a very nice, clever hippo who can fix electrical stuff and know how to use the sewing maching, helping everyone who isn't able to fix clothing and installation. My very handsome (I would have married him if he was ugly as Quasimodo), very intelligent and successive husband loves me the way I am. He doesn't care that I'm ugly. He doesn't care that much prettier women than me would have like to have him. And my friends love me, too. You can't choose how you look, but you can choose to be a nice person.
I am crying while watching this. I resonated with so much of what you said. Growing up poor and living in a trailer I always wanted to be “successful.” I wanted people to look at me and my outfit and NEVER know where I came from. Everything, from my the way I speak to accessories I wear has all been built on the premise that I need to hide where I am from. It’s really a sickness. I want everyone who sees me to say I am successful. I want everyone to say I’m educated. I want everyone to say I look attractive. Well guess what, along with a huge pile of embarrassing debt, this exhausting quest for perfection is unattainable. There will always be someone with more. And being rich doesn’t make you a better person any way so why have I spent so much time pretending to be one!!!??!!
Indeed😂😂😂
I am lucky to be able to continue to work as a healthcare provider during the pandemic. My income is pretty stable and my student debt almost completely paid off ($4000 left on OSAP). At the same time, I noticed I’ve been compulsively shopping a lot online maybe out of boredom or the need for some immediate gratification. I’ve been struggling with stress and my mood due to covid-19 and demands at work. This was a nice reminder to stop using shopping and instant gratification for emotional reasons. I need to stop wasting money on things I don’t need because it makes me happy in the moment, but doesn’t solve the issue overall.
I definitely felt this in the pandemic as well. Thank you for your work on the frontline - AND YES! SLAY THAT OSAP!!!!
@@Christinamychas My banker told me that overshopping is a phenomenon he's seeing with many of his clients during Covid. Don't feel bad. Awareness is the first step!
I was doing that back in March and April during the pandemic. I spent a fortune on books because the libraries were closed so I ordered a lot of books online. Still, l can’t regret my purchases because those books kept me sane during an unprecedentedly stressful and uncertain time!
I think every millennial needs to see this video!
Thank you for sharing your vulnerabilities around money and emotion. I too have gone through a time when I thought that having great clothes or expensive makeup was going to make me a better person, a more well-like person... but the truth is, the people who matter in life don't care about any of that! And I also was given a large student LOC for a professional program, and seeing that $$$ can change your mindset in an instant!
Lately, I've been focusing on spending my money on quality nutrition, new walking shoes and focusing on my time outdoors or being active rather than focusing on what others think of my outfit, shoes, or handbag!
Be careful not to substitute shopping with some other thing like food. I tend to change one thing for another. I always have to be conscientious of why I am doing something.
Absolutely agree with you.. nobody cares what we are wearing or doing.... and I love that fact. ..just concentrate on what you really want and how you wanna feel. Great content, thank you 🙃🥀🌷⚘
Absolutely! “Do you” is such a mantra in my life these days. ❤️
That's not exactly true. Wearing different clothes can change the way you feel in public. But off course you need to remember about your priorities.
Problem is, I care about what I wear, even when I’m home alone. I rarely dress up for others if ever. I despise low-quality clothes & stuff and the worst part is that I’m not a fan of sales when it comes to my outfits. On the positive side, I lean towards minimalism, which can help get me out of debt since I buy very little stuff including food. It’s just the hefty price tags that I cannot take my eyes off once I truly need something.
3:51- by this time I was in tears... I was angry, relieved, excited, frustrated, sad and felt so small...but it finally felt like someone gets it. I needed this today. Keep it up- you never know who is watching and who's life you are changing (today it's me and mine).
Thank you.
❤️❤️❤️ you got this. It’s one of the hardest things you’ll ever do for yourself. But also one of the kindest.
Played this video 3 times. I can relate with all of your points because I was the exact same. Just recently, I finally paid off my credit card debt. It’s honestly such a blissful feeling. From now on I will budget my monthly spending and make sure that I only buy the things I really need versus the things that I want. Now I’m focused on saving up to pay off my student debt in one go. It’s never been so good to live a humble life ☺️😊 By humble, I just mean that I am no longer shopping and dressing to portray a lifestyle that I cannot comfortably afford. Thanks so much for this awesome video! I hope in the near future, you and I as well as anyone who accidentally stumbled across your video will get out of that hole and live a happy and debt-free life 👍🏻😊😊
I’m currently a full time college student and work part time in customer service. my parents have always been what most people consider “well-off” but I struggle monthly to make ends meet because they don’t support the path I chose. I chose a major in the arts (english literature and creative writing) but my parents who are both in the medical field have been passive aggressive towards my decision. so I vowed to never ever rely on them for money. so I guess a money lesson I’ve learned is that being able to pay for my tuition is more important than buying those purchases that just give me instant gratification. but the struggle is definitely real.
Awesome! I have a BA in English myself and took creative writing classes in college as well!
You’re going to find that your decision to go your own way will make you a stronger, more creative person. Also, the fact that you’re here, watching frugal channels, also shows your head is in the right place! You’re going to go far!
@Utajiri Y Thank you. I think it’s really important to encourage others!
I got my BA in Native American studies. Am I using it? Not directly I got into education and am working on my masters so my knowledge of indigenous people and American history has helped me work with the population I work with better. Good luck and I’m glad you chose your major bc it is YOUR degree.
don’t spend money before you have it, so many times I would almost have paid off my visa and would buy something thinking what’s another $200? I can pay that off when I get paid, my bill is so low. then I would just add a few more things until it was high again 😣
but! I’m officially debt free and am almost at my emergency fund goal! paid off a line of credit, student loan, and credit card this year, despite losing my job and the all around mess of 2020... hope you’ll be in the debt free club soon! your videos have been a big inspiration for me getting my finances in order
Katrina! AMAZING! Congratulations! Best part is, there's no password or secret code to the "Debt Free Club" - everyone can be a member. Cant wait!
I absolutely love this new content!!! I feel like we all grew up and out of the haul and spending mentality of old RUclips, and I am digging the debt, money, and finance talk. Keep it coming!!! Thank you! I’ve got student loans left to pay and my goal is by next year!!!
Thank you!!! Yes me too! I admit I still do have some fashion videos coming down the pipeline, but def moving more into this territory for sure. It feels so much more natural now and I hope provides more value. It's so true, I feel like there's a shift happening on RUclips! Thank you, Naushin! ❤️
I spent the last three years being in and out of debt, for same reasons as you. Chasing a lifestyle I aspired to have - a beautiful wardrobe of clothing and expensive makeup... even though my lifestyle is VERY simple - I never have fancy parties or outings, and i don’t make much money.
But I kept charging on my Credit Card even though I had less in my bank account. I was embarrassed to be in debt when none of my friends or family were.
Only now at 25 I’ve begun to work on stopping my shopping addiction. I paid off my debt this year and I hope to never be in debt again. Trying to seek happiness in owning less clothing and less items.
Yes, KT! You got this! I will add to do your best not to feel like you're the only one of your friends and family who is in debt. Statistics show this is highly likely untrue. You're not alone ❤️
Wonderful! Some people never get to that point. Congratulations for deciding you deserve better with your life!
You are so right, no one cares! I used to care SO much about what strangers would think of me when they saw me wearing expensive things. But when I am out and about I literally don't look or care what anyone else is wearing. No one cares! And even if I do why would I care what some random person I will never meet thinks about my expensive shoes
One thing my husband and I have realized after many years is 'There's no magic money'. Sometimes we buy things and just make assumptions that there's always money to cover that 'somewhere' as if magic money just exists around us.
I couldn't agree more with the points you've raised in this video. There's so much pressure online to constantly buy clothes, renovate and extend your house etc. and it's all for what- if you already have enough for what you need- there really isn't much point in just acquiring more stuff because everyone else is doing so. We all really need to focus on what makes US happy and also saving up and investing for the future x
Thanks for your openness. I heard phrases like “debt snowball,” “ask if you can afford the item, not if you can afford the payment,” and saw the scissors to the credit card image. Looks and sounds like Financial Peace. If that’s what you are doing, keep it up. It’s tough, but it works. On that path for well over ten years and it does bring peace of mind.
On the Uncle Dave plan, you got it!
@@Christinamychas Uncle Ben is part of family. We don’t want to send him away, nor Uncle Jackson, Uncle Hamilton, Cousin Lincoln, and Grandpa Washington. Keep it up!!
Finding joy in what I have and being genuinely happy for other people if they have more than I do. It’s a weight off if you’re not negatively comparing yourself to others and i don’t feel the need to chase an image or keep up with the Jones’s.
Wow, this is a POV I've never thought about and I just love it. Such a mindset of gratitude and abundance. Thank you, Mary!
I’m so insanely grateful for these videos. I too am in a tremendous amount of debt that I racked up myself, trying to chase that perfect “image”. I have a closet full of gorgeous, expensive clothes and no savings to show for it. Sigh...I’m trying to relearn my relationship with money and it’s really really hard to stay on track and dig out when it seems like I can’t find the light at the end of the tunnel anywhere. So thank you! These videos keep me motivated!
How are you doing today Natalie Boehler? Its really nice having you on here how are you doing today? Its really nice having you on here you seems nice, caring, honest with good heart person by your picture look,so crucial to provide balance in both partners
I’ve learned that people’s stuff usually don’t make interesting conversations.
Also it’s the environment you’re in. I’ve spend parts of my life in remote places (but not really poor or drastically underdeveloped) and i felt really free from consumerism because I was never surrounded by it in a sense that there was not so much to buy or need really. It was an incredible lesson and experience that I try to remind myself of whenever marketing gets me
That is SO true!
I definitely agree with 'that special occasion/event will never come'. My current mindset is that if it does, I can just throw on a monochromatic outfit, with a nicer pair of shoes that are already in my closet, and call it a day. I already have a pretty minimal lifestyle. I'm currently $13,500 in debt with student loans, which honestly isn't as much as a lot of people, but I plan to start chipping at it soon. This video was a very validating confirmation that there's a lot we simply don't need.
I was the same as you except I did it into my 40's. I finally wrote down a budget and am sticking to it and will be out of debt in a few months.
❤️
You're one of my favorite people to watch on RUclips. You are so open, genuine, and insightful.
omg thank you Erika! im honored!
I never was in debt nor do I own credict card. Life never was easy for me and there were a times when I had to have 2 jobs to get by. Nothing scares me more than being below 0. I hope you will be debt free faster than you think 💪
I totally agree with your points. I was doing great before Covid-19, then I started shopping again and I moved to a new apartment ( furniture shopping too). I’ll do a no buy two months and I’ll make a shopping list for January (sales) for necessary stuff. I’m not in debt but I feel I have enough. I’m trying to be more minimalistic. You’re doing great! Love your videos! 😘
How are you doing today Jenny Herzog? Its really nice having you on here how are you doing today? Its really nice having you on here you seems nice, caring, honest with good heart person by your picture look,so crucial to provide balance in both partners
I’ve never been in any kind of debt “knock on wood” and that includes student loans bc my refugee parents really sacrificed and saved a lot to send me and my sister to uni and also grad school (I’ll be starting my PhD soon and they still pay my tuition!) I know what a privilege that is. I’ve learned from my own overspending how important what they did was for me and really taught me to appreciate what I’ve been given in life. I don’t need new clothes to make me feel better about my body I need to accomplish my goals with the resources I’ve been provided!
I think every millennial needs to see this video!
Thank you for sharing your vulnerabilities around money and emotion. I too have gone through a time when I thought that having great clothes or expensive makeup was going to make me a better person, a more well-like person... but the truth is, the people who matter in life don't care about any of that! And I also was given a large student LOC for a professional program, and seeing that $$$ can change your mindset in an instant!
Lately, I've been focusing on spending my money on quality nutrition, new walking shoes and focusing on my time outdoors or being active rather than focusing on what others think of my outfit, shoes, or handbag!
How are you doing today Natalie Hennessy? Its really nice having you on here how are you doing today? Its really nice having you on here you seems nice, caring, honest with good heart person by your picture look,so crucial to provide balance in both partners
Thanks for sharing. I am not in debt, but I like to hear other people's story to constantly remind myself to control my spending especially during holiday shopping season. I am an accountant who manage other people's money well but I could never manage my own well for some reasons. I am still learning and improving my will power on not buying things that I dont need.
I used to buy clothes just because they are on sale, and ended up decluttering most of my stuff so called sale🙄now lesson learned in hard way... I find it very helpful to shop my clothes, and making many outfits out of what I already have!! It has been a game changer for me!
I enjoyed watching your videos❤️ Thank you!
Love that! Thank you Saron!
I used to impress other people by the clothes that I wear even though its not really my style but thinking that i need it to impress others. Now i realized that i am not really happy impressing others. Being much simpler makes me happy and gives me freedom.
I've learned some of the same lessons you've learned. I'm working on paying off my debt as I type. You're right, no one cares about how you look, what you have, where you live but you. This pandemic has really driven the "minimalist" lifestyle home. I've cleaned out my closet of all the crap, cleared my finances, set up a budget, and am using all of the unnecessary mess I've purchased. They say hindsight is 20/20, well 2020 has taught me all the things I thought I needed, I didn't and I don't. So here's to staying focused on a debt-free journey!!!!
I appreciate how candid you are. I’ve had the same views with money and stuff as you had described, and then over time I figured that no one cared too. I was seeking validation that was never received. So I took my finances into my own hands; and now live debt free. 😀
YES!!! I love that "I took my finances into my own hands" SO EMPOWERING just to even read that. Love it, Sandy!
I only own a debit card , if I don’t have the money I can’t buy it👍🏼
Loveeee it!
That's what I do as well 👍
That’s excellent! I have a debit card and one credit card with a zero balance. I used that credit card a fair bit in March and April, when the lockdown started, buying a lot of books. I made sure to send the money off to pay for the books shortly after using the credit card. I also use cash a lot for purchases when l’m out and about!
I mean you can use your credit card to build up your credit but budget it
You should use a credit card and then pay off the balance immediately using your debit. That way you still have a history on record
You are on a good path. Taking responsibility for educating yourself about finances so that you can take control and gain confidence for the future is something that I wish everyone was taught. It sure is a lot easier to sell people on getting rid of their responsibilities than it is to embrace them, sadly, even though the latter obviously develops you into a more capable person.
Started using Every Dollar 4 years ago and recommended it to countless people. Great channel!
What you're saying is exactly what I need to hear... Sometimes, I do feel something is strange with these thoughts (like I need to buy a special item for being beautiful/accepted/happy etc) but hearing it from somebody else too is so helpful! :)
It's really true, nobody cares. Thanks! :)
❤️
good luck on your debt free journey! one tip i would give is since you are into fashion, try selling some old clothes/shoes you haven’t worn in 6 months or a 1 year if you do want to buy new fits. Its something I did when we started our debt free journey. we are also on our debt free journey and are documenting our financial journey here on youtube. we started w/ more than $47K of debt in june and are now 2 months away from being debt free! its not going to be easy and deff have to learn FOMO (i did anyways) but its totally worth it in the end! again, good luck! :)
I'm finding that as I get older and closer to my late-20s, I'm not really shopping to "look" a certain way anymore. In university, I'd shop at h&m a lot and buy a lot of low-quality pieces because it made me look preppy and business casual because I wanted to be taken seriously (I was a political science major). Now I dress more for comfort, and I invest into staple pieces that aren't super expensive but definitely better quality and fit me better. The last time I bought an expensive shirt from Aritzia was boxing day and I really thought about how often I'd wear it and if it justified the price tag (it did!)
That’s great thinking!
I used to think, that buying the desired object will make me happy. I wasted soooo much money, just because I thought, my life cannot be perfect without having that particular item I have seen on somebody else. I learned the lesson...Great content Christina! Please keep going!
Me too and believe me I still often get caught up in this trap and have even bought things with that mindset motivating the purchase. It's a slow and steady journey, and we are always learning. We got this!! Great lesson!
What’s a money lesson you learned that changed the way you think about it? 💸
Read a book called The Wealthy Barber, and started automatic savings.
Making a list of what I value and where I put my money in... That gave some perspectives :) Trying to make them the same list
Don’t buy something unless you can pay for it without a loan or credit (except for a house). I’m 31 and my husband and I have a paid off house, cars, and $180k in savings, plus retirement savings. Such a good, freeing feeling.
No more credit cards. I pay in cash now! If i dont have the money. Too bad!
Thinking of the time it took to make the money I'm spending. So that dress isn't $120, its an entire day that I spent at work. Also tracking my expenses. The app I use also shows me how much I'm saving and its fun to watch the number go up every month
Oh my Gosh!! I am so you!! word per word.. everything you said, exactly describe me!! I always buy something fancy just to look good, just to show people that I am successful but in fact i am not. I am drowning in debt! why is it only now that I found your channel. thank you for this, I am learning.. 🙏
Debt is like weight gain. It comes on fast but it's difficult to get rid off!
Your “image of wealth” comment was something that resonated with me and definitely is something that gets me into trouble. Need to think more about that one and where it stems from 🤔🤔. If you’re into podcasts, you should check out Bad with Money with Gaby Dunn it’s one of my favorites on creating financial wellness without being patronizing.
Also Amber Jamieson! Her newsletter, Better Have My Money, is wonderful.
Love how u are very much honest with ur experience and everything.
The best video ever I saw on RUclips about real lesson from debt .. thanks a lot for sharing these wisdoms and life lesson . God bless you
Such important lessons! Congrats to be in this fascinating way of becoming more minimalist, and more focused in being and not possessing. You are so nice just this way...
For me the biggest lesson was saving. Even just very little per mont. But it gives a thrill to see your savings grow and you kind of start thinking more like "wait if I buy that my savings this mont will be less than usual" and I stopped buying a lot of the useless things I used to "reward myself with". Funny enough I realized I low-key love not spending 😀
I'm doing pretty ok with money. Nevertheless, there is space for improvement.
I write lists - to a point that people are making fun of me.
I have one with all my clothing purchases of the year from that one online store I buy my clothes from (including shoes). This way I see what I purchased, its price and when. I also marked my mispurchases to see where I wasted my money (so far it's 50,83 € that I threw out). I can compare my spendings from the previous years and if I need to change things. I didn't know that my spending at this online shop was atrocious in 2018, if I didn't do the math this year. I thought it was pretty much the same like the years before. Numbers are maybe a good thing to see sometimes and not just a picture of all of your stuff. Who the hell needs 15 jackets/outerwear?! It looked like 5 to me - and I just wear the 2 same jackets.
I'm also selling my stuff and I write it all down - including the weight - just to see how much stuff I had and the work I have to put into selling and carrying it to the post office. Maybe this has a better effect on my spending habits when I see how time consuming it is to get rid of the stuff.
Honestly, this is AMAZING. And a good mantra I’ve recently adopted is that “if people think you’re weird, you’re on the right track”. Tracking the data gives you the knowledge and power to know where, how much and WHY you made those choice. It’s bloody powerful! I admire this so much ❤️
Wow amazing.. well done. This has inspired me to write down my purchases too and compare x
Hi I do the same to keep track of my out of control spending I first started when I watch a documentary on shop alcoholics and realised I was one 🙈 I also mark the items I haven’t worn and the ones I have sold on eBay god I have wasted some money 😩 not any more I have gone from spending £2000 a year down to £300 this year and now on a no buy until Christmas 🤗
@@abbeydawes5786 Hi, thanks for letting me know! I hope it works out for you and if not, you gave it a try and was actively working on your finances and consumptions. Wish you the best! :)
@@jenniferpearce777 Hi! That's incredible! You came a long way. :) I'm fine with my spending as long as I buy things I really needed or truly wanted. I try to refuse to buy things that are 'alright'/'I can make it work'.
There is no point of buying an item if your first thought is 'it's a bit scratchy, but...'
My list reminds we why some things are mispurchases.
Oh yeah, seeing how much money you have lost for a few seconds of happiness is not nice. We forget so easily the 'pain' we have with our unwanted items. Because it's in the past and completed.
Good luck on your no-buy! You can definitely do it!
Thank you for sharing! I can really relate to this and am working on getting out of debt from my "retail therapy" shopping.
We got this, Sara!
@rowan orre me too! I learned Im lazy to enter the info myself. Creating barriers helps so much
Gosh, i don’t think I’ve resonated with anything more in my life. This year I’m so determined to break the cycle. Thank you for sharing your journey and for your honesty. ❤️
You're so brave to admit this, realize what you've done and trying to fix it. So many friends that I've talked to spend and hope everything falls into place, me included. It's quite an eye opener to realize that people don't care and honestly it's sad. You speak the truth and I hope many that are in the same predicament are listening to what you say.
Unfortunately due to someone stealing my debit card #, I now have made the tough decision to use a credit card for purchases online or at stores but budget the amount out of my checking account to pay the bill in full when it comes. I just got out of $10,000 credit card debt, prior to that it was $20,000. This third time will be the charm - the smart way! Loved your video! Very insightful - and love your jackets!
its really true no one cares- we find we dress for other's approval but in reality could wear a black t-shirt everyday and no one would notice! Lesson I've learned is I can save up and obsess over a bag I "have" to have, buy it and be disappointed that it's got to be broken in. Unlike a cheap used bag that is already perfect!
How are you doing today Claur Ragsdale? Its really nice having you on here you seems nice, caring, honest with good heart person by your picture look,i don't want to see that pretty face look sad, just keep smiling because that make you look more beautiful.
Truly appreciate your video from a few weeks ago with the link to the Wardrobe Inventory you made. I have been using it and making it my own by adding an image column with a photo of my pieces as well. It's been a game changer. I forgot how many of my pieces I actually love!
Omg I’m so glad it’s helpful!
I relate so much to everything in this video! This is exactly how I got into debt, but we're definitely going to work our way out of it now with a budget and giving zero f*cks about impressing others with "stuff."
Thank you for being so vulnerable, genuine, real and just awesome for putting yourself out there and sharing all that you have and continue to share ❤️
Overspending for me comes from depression, which is so unhealthy. Unfortunately it costs a lot to work on that too.
I feel so blessed that I have learn from a young age the importance of not over spending and saving money. Thanks to it I bought a new car and will graduate debt free.
I love this video! Thank you! I also follow Dave Ramsey - his baby steps are life-changing.
They really are ❤️
So helpful vid! My biggest game changer with our money/budget was, decades ago as a young family: we pretend, that 1000 bucks on the bank is our ZERO on the bank. So we ALWAYS had some "emergency money" if something unexpected comes around ; especially if you have children...😅 Take care 💕
First thing I did when moving in on my own, was making an expenses tracker in Google Sheets. I can update it where-ever I am, and even track future expensive to prevent unpleasent surprises.
Thanks for the video! Stay encouraged and motivated on your journey...you will achieve debt freedom!
I'm so excited for you to be debt free ! Well done 👊
eeeeee thank you!
I'm from Brazil.
In my country, we have the ability to make a credit card purchase divided by up to 12x per month, but it is also a reason why many Brazilians are in debt because the interest rates of the credit card are very high.
I applied for my student loan in less than five minutes. Paying it off will take me a couple of years. It's wild to think how easy it is to acquire money and how little we learn about personal financing in school.
Oh man it's crazy. Learning that instant gratification rarely exists with money...that was an eye opener.
It's Jeffrey, I think we all have to learn (most of us) as we plow forward in this life. I worked my tail off to get ahead, and spent money as we made it. We know have a different focus, LIVING OUR BEST LIFE! We build residual income as we travel the world! Don't watch the news, focus on all the good and opportunities will flow!
"see if you can afford it not just that you can afford to pay the price" greatest advice
I agree with everything that you said especially the fact about the credit card. I used to be in so much debt with credit cards that I stopped using them for years. It gave me the illusion that I had money but in fact, I don't and that whenever I used it means I would have to spare a huge part of my salary to paying it off. I have credit card again but now I've become wiser. I only use it for points and I always make sure that whenever I swipe it, I'd be able to pay it off, otherwise I don't use it.
When you said "NO ONE CARES" is sooooo true. I used to make the same stupid mistakes like you mentioned here and I'm so glad it definitely changed my behavior. I'm debt free now but boy was my journey a wake up call. I subbed to your channel, great content.
congrats on being debt free!!!
Great video but its not great you have to go through life like that. I was in the same position too but learned to manage money to work for me. Here's what I have learned:
1. Fashion is always the same
2. Be your own friend_ always have money for that friend in you.
3. Your needs are more important so handling money should go towards housing, food and clothing ( if you really need clothes not the particular style.
4. Take care of your mind, body and soul.
5. True friends respect your need to be your own boss with money.
6. Education is important but applied knowledge is even greater.
Those are the things I have learned but I still do have some debt. I use my credit card but at 30% usage and managed to have investments and savings. But I must say the content of your video is eye opening with such grace, kindness and intelligently done. I wish you all the best!
How are you doing today Christina Patino? Its really nice having you on here how are you doing today? Its really nice having you on here you seems nice, caring, honest with good heart person by your picture look,so crucial to provide balance in both partners
I’m good. Thank you Ronald! Have a wonderful day!
@@cristinapatino8726 Well I’ve had to overcome many things in my life and would not be where I’m at today if I did not speak my mind. So the answer is yes, I have no problem speaking my mind. To be an advocate for myself and my kid. There is a right and wrong way to approach every situation so I am very careful when I do need to stand up for myself keeping others in mind
best video ever on youtube. omg so honest! and i needed to hear ever single one of those lessons!😪
Thank you for sharing your experience. You seems so honest and lovely.
As a young child, as soon as I got money, I spent it. I was so focused on the material stuff, like toys, and candy, and stuff that wouldn't last me for a long time. I had to teach myself how to budget when my father would send me into a store at 11 yars old, and I had to abide by the budget. Even now, I'm hyper aware of how much im spending and what I'm buying, and do i need it. Whw my mother and i go grocery shopping, i get super anxious because she jist throws things in the cart without looking at the budget and just hping that we don't go over.
Fantastic points. Thank you for being so open and honest :)
Refreshing to see to be honest actual decent advice people can use
Hello! I'm in debt and I start to deal with it. It's hard but I know that I want to finish it one day. I don't buy clothes anymore and if I go to buy to eat I take with me liquid money only. You are right " card it's not the money". I know all my charges in a month. It will be a long way but it's worth it. Thank you! ❤☺
YES Anna! Amazing!
@@Christinamychas Thank you! It's just the beginning. In December I budget my charges and food, one exception for my children = one gift by child (instead many by child before) because it's Christmas.
I’ve never been debt free, but I will be in 8 months 🥰 it’s so worth it
Thank u for this video! Real life here! I feel less alone.
I can relate . So many Life lessons about debt that I learned the hard way.😅
You and me. Thanks for sharing. Takes courage. Much love.
Thanks for sharing this Christina. Relatable
Great lessons! This "nobody cares" is the lesson I needed to learn.
Towards happiness - money cannot buy it, bud good money managment definetly can help move towards it! I am so glad I've found the channel One Big Happy Life, where a Finance Attorney talks and teaches about it.
Such a real and honest video. Thank you for sharing.
What helped me was to be out of social media for a couple of months. I’m completely free of credit card debt taking that decision. I still have to finishing paying a hospital debit and my car. My it will take more 19 months. But I’m very fine with that bc I now have control of it, after stop buying to feel myself better.
This was nice to watch because it is totally relatable. It is not easy coming on the internet to talk about your current financial situation/challenges. I can totally relate to your content in this video.
Because of how humble and real you are, you just gained a new subbie.
This was a great video! Thank you for posting it.
thank you so much, Sonia!
You DON'T "have to budget" if the idea you have in your head of how much you can spend is accurate. I have 0 debt and over 100k in the bank and I have NEVER had a formal budget. I have an idea of what I can spend and what I should spend and I can safely play it by ear. Many people successfully save without a budget.
Dear Christina, Thank you for being so brave and honest, and sharing these lessons. I completely understand you and have been through a similar journey and have pretty much come to the same realizations- especially the one that "nobody cares". The thing with that is that my love for clothes is still the same, but now I enjoy my clothes simply for my own pleasure and creating a positive emotion for myself. So liberating! And budgeting- OMG I was on 7 GBP per day for almost a year! but it worked and now, even though I've lost my work for this year due to COVID, I haven't been in debt since (also cut up my cc's)... Thanks for sharing your inventory sheet- you're wonderful! Keep up the good work :) Best, Gabby xx
How are you doing today Gabrielle Jane? Its really nice having you on here you seems nice, caring, honest with good heart person by your picture look,i don't want to see that pretty face look sad, just keep smiling because that make you look more beautiful.
Thank you for your commentary, for part of your story. Your insight seems so obvious, so common sense, but the forces that influence us to the contrary are pervasive and persuasive. Because of our culture, it is a great challenge for so many of us to live below our means. It shouldn't be, but it clearly is.
One sort of mental exercise that helps me to be prudent with spending is to reflect and remember when I was much younger (teens and twenties) - when I was so excited/obsessed to buy _____. I dreamed, I saved, I waited and was finally able to buy _____(!). Now, with time and some maturity I think about that that _____, and I understand that what I just "had" to have back then was imprudent and silly. Forward a few years, and I can still able to apply that things I had to have and bought just a few years ago. I look around my place and...it's just stuff, and I want to get rid of a lot of it. Now, bring that thinking forward to the present moment, and it helps me to be wise about on what I spend my money.
Best wishes to you in your endeavor to get out of debt. I am confident you will make it. The resolve in your voice and in your eyes shows hard lessons well learned, even if from financial-emotional pain (sometimes pain can be a great teacher).
Thanks for being real, raw and honest. Great advice☺️
Biggest mistake I made was getting into a habit of shopping to fill time and out of boredom. I need a low cost hobby.
Thank you so much for your content, its helping me a lot to control my shopping impulses. I'm trying to put my sh*t together but get out of bad habits isn't easy t.t
Can you show what you eat in a week and do for exercise? What’s your typical exercise routine and diet like? How do you stay in shape?
The time part is so true I got my student loans within minutes. But the amount of time it took to pay them off felt like forever. I wanted to pay it all off by 30 and I paid it all off by 29 and became debt free. It was hard but worth it.
Congratulations!!!
Great honest video. Like you I’ve learnt that you have to ‘do the math’ but my weakness was Christmas. Every year I carried debt for half the year. I’ve learnt that you don’t need to give presents you can’t afford. Also that I don’t need the best skincare but just a bit of skincare!!
absolutely! gifts are not worth going into debt for to show someone you care ❤️
This is your awakening! You got this!😊🙏💪