My goal was $6500 a year in loans the day before I watched your first vlog on debt. I immediately subscribed and have loved being part of this journey with you and your little community of debt slayers 😂. 15-16 months in, and I hit $24,000 in student loan payments yesterday! I submitted the payment and tried hide my tears of excitement/pride before someone walked past my desk at work 😂😂😂. Just wanted to say thank you for keeping us motivated and being so transparent!
@@xxpowwowbluexx ok, so how do you build credit? God forbid you need a medical loan(because what you saved up until now is not enough). Is it better to succumb to illness than to borrow? And if you have bad or no credit and you the loan(if you can GET the loan) and you pay more in the end
EXACTLY. I have earned so much money that I put towards my statement and have not given a PENNY in interest/fees that I have had for 7 years. Also, I got one of the lowest interest rates on my mortgage BECAUSE my credit score is >800. Just because some people have NO self discipline does not mean credit cards are trash. I keep track of EVERYTHING I spend and have different credit cards like those who have different accounts or envelopes. Learn how to use a credit card and I promise you get more than just a good credit score. You ACTUALLY get cash back for spend what you are already spending. Look up Graham Stephan's Credit card video and he will explain how to correctly use one.
I agree credit cards can be super dangerous for people who don't have much self control or tend to impulse purchase things, but if you learn to use one properly it comes with tons of benefits, and it's nearly impossible to build credit without having one. Basic rule of thumb, if you don't have the money to pay off whatever purchase you are making on the credit card right away, then don't put it on the credit card. A lot of people see credit cards as free money, but they're not. It's just important to be aware of what you're using it for and pay things off immediately so you don't accumulate interest.
Sandra Llewellyn why would you want a medical loan do you know the interest that those build that’s why you shop good health insurance and life insurance
Can you do a video explaining how you share/allocate expenses with your boyfriend? This is an issue for lots of us. Sometimes it sounds like you individually pay for a lot of the monthly expenses.
I hear what youre saying too, and i agree. But honestly i dont think aja will do this only b/c her partner might not want his info out there in the public so she probaby has to abide by that as well. It would be pretty helpful info for sure, but i dont know if i see her sharing detailed info.
If I'm honest these videos have been a lifesaver. You've helped me organize my finances to where I'm throwing an extra $500/month to credit card debt. I have paid off 2 this year and should have another half paid off within the next few months. They didn't teach this in school, and I always felt stupid for not knowing even though we aren't really taught. You should do a video on taxes and how-to's?! Because I'm still struggling with those and truthfully I haven't done them yet...
Automation for saving, investing and bill paying has been the biggest thing for me when getting my finances in order. This has helped me to pay down $45,000 of debt. Still, have about $60k to go, but automation removes your feelings from it all. I couldn't trust myself to do some important financial things without automation.
deleting the starbucks app on my phone was one of the best/simple/surprisingly effective things I did for my budget. I was totally in denial about how much I was spending there. When you reload on the app you just don't make the connection with the money leaving your bank account (or credit card :/ ) I still get a latte here or there, but I'm way more likely to just get a brew coffee now that I'm not obsessed with the extra star challenges...
You have so rapidly become one of my favourite RUclipsrs of all time, thank you for sharing your journey, it helps others more than you could ever know
I really like the majority of this video. However there are ways to safely utilize credit cards. I currently use mine as if it’s my debit card. I only spend what I can afford, immediately pay off the card and with doing so I earn points which can translate to free money. I feel this is important to do because a major part of financial stability is credit, having tons of money can only get you so much when you don’t have credit.
@@AjaDang well I actually got a significantly lower mortgage rate because I had a good credit score. I haven't paid a penny for interest/fees and make money from credit cards due to their rewards. IF the temptation is too much for you that is completely understandable but to write off CC just because one does not know how to use them is potentially hurting yourself when it comes to getting better interest rates for when you DO need to get a loan (mortgage, car loan, etc.) I could go on and on because there is a whole other side to having good credit & using loans with a lower interest rate when it comes to investing with a higher return. Just gotta know how to use the system to your advantage.
Lorraine madewell completely agree! Those who don’t recommend credit cards should really change their statement to “I don’t recommend credit cards for people who have bad self control like myself”. Money has more to do with our behaviors towards it
Thank you thank you thank you! I pray that all the good you're putting out into the world comes back to you and your loved ones many times over for many generations. (Sorry, I'm African- we pray for you, your children and your children's children's 🙃)
Thank you Aja!! Your journey helps and motivated me to get my life together. Can’t wait til I’m debt free. Shame on me that I’m 37 and I’m in debts and have no emergency fund and no saving. I’m going to do this today. Hopefully by the time I’m turning 40 and I could be live comfortable with no debts.
Yes, girl! The little things add up. I actually watched this video and combed through all my paid subscriptions. I have trimmed down my list, not because I have huge debt, but more because they are not all essential and I could put those funds towards something else. I re-negotiated my phone/cable/internet bill and got it cut down by a huge amount for each month. I used the leverage that I have been with my mobile provider for a long time. Small actions; big rewards.
You are so correct! I speak with my husband about our debt, but it great to hear you enthusiasm! I think we have 18-24 months and we’re finally debt free!!!
Something that's helped me is to grocery shop (with a list) at a grocery store instead of Target. If I don't have to walk by the home goods, the candles, and the clothes, I'm not tempted to buy them while I'm buying milk and cereal. My other tip is to switch one thing on your typical list to generic. We like the Kroger brand version of a certain cereal just as much as the branded version and it's much more affordable. We buy 3 boxes a week, and we save close to $12 each week by choosing that one generic item.
To piggyback on this- I’ve actually started using the Kroger pickup service. Sure it charges $5 for the convenience, but I save a lot more money by not throwing new fun exciting things into my cart.
Thank you for breaking it down into baby steps! As someone who is getting ready to retire, I am concerned with the younger generations of people I work with who are more focused on the appearance of having "things", than saving for their future. I love that you are talking about budgeting, because without it, we don't know where the money is going. Great job opening that conversation.
The subscription thing is SO REAL. i had Tidal *just in case* and never used it. i recently cancelled it and, whilst i want to support the business, i'm better off with another £10pcm to put towards paying off the last of my debt! £1900 to gooooo
I’m excited to start budgeting and found this video SO helpful! But one thing I disagree with is the idea of not having a credit card. Credit cards are the easiest way to build your credit, especially at a young age WHEN the individual has some type of steady income. Yes, it’s true that people can get carried away with spending on a credit card because they’re not obligated to pay it off right away, but it’s all about changing your perspective. If you start treating your credit card as if it’s your debit card and pay it off at the end of the month, your credit score really is going to build up steadily and quickly. I can’t stress this enough, especially for young adults who are so afraid of credit who - upon trying to rent their first apartment - do not have a credit score! Credit shouldn’t be viewed as a bad thing.
New momma here and finances have always been a struggle. I love following this channel to help me stay in the mindset of achieving financial stability for myself and my son’s future!
Great video! My tips are: buying in bulk can save you a lot if you can afford the upfront cost. Buying bulk detergent, dish soap, toilet paper, etc. from sams club has saved me a lot in the long run. Also, switching to reusable items when you can will add up and it’s better for the environment. Stuff like reusable ziploc bags, wool dryer balls, microfiber cloths instead of paper towels, things like that. Even getting a Brita or something instead of buying bottled water all the time. I’ve also noticed I don’t need as much of certain things as I’ve been conditioned to think, like my clothes come out perfectly clean using half the amount of detergent that is recommended, and I no longer use fabric softener because of skin allergies and I don’t miss it at all.
i think that treating your credit card like a debit card is a good option too! unfortunately, a lot of our big life decisions depend on having a good credit score so sometimes having a credit card is important!
p.s. I love you, you helped me get organised and organise my finances, so a year on I have cleared about £4000 worth of debt, which doesn't sound like a lot, but to someone who is a student and works two minimum wage jobs, it really was. I've dropped one of my part time jobs, freelance dog walk, and am smashing through my studies! Thank you so much! I know a lot of beauty gurus online are focussed on some expedient things, but you've really tapped into an intrinsic wish into so many, and on behalf on everyone you have helped, thank you so so so much, please let me know if you ever want to visit Scotland, I'd be happy to have you!
Love the video! I have paid almost $7K of student loan debt since Nov 2018 and only $90K to go. I'm on a MISSION to get it paid off before I'm 30 in 5 years.
THIS! It’s only been 2 weeks since I started my financial diet. I’m $15,000 in debt.. BUT, I feel confident and secure knowing that I can always go back to your videos for motivation and drive to keep going. So far I’ve saved up an extra $100 alone just by cutting on Starbucks 🥴 It’s toxic! Lol! Also, subscriptions? Who is she? We got this guys. 😘 Goodluck to everyone.
The best feeling is watching this and knowing that the past year has put me in a really good place. Already following these tips and my life is so much better. Thanks ❤️
My vice is online shopping, so while watching this, I deleted all store apps from my phone so I can't shop when I'm bored. While I could afford it, I spent over $700 this month just on online shopping when I was bored. I watched this video twice taking notes and realized I need to replace my behaviour and spend that time on hobbies or other activities. Just subscribed to your channel and can't wait to catch up on your other vids!
Thank you for making in-depth videos about money/finances/savings... I feel like a lot of RUclipsrs avoid it because it’s not as “sexy” or “fun” as other videos but it’s super helpful!
I really find this informative. I use credit cards, and I think I do not spend a lot of money on that , and it gives me credits. I deem credits as a way of saving money. And OMG I was so wrong about this. When I was watching this video, I checked the number I spent through credit card, and that's a lot. Just keep learning and being more wealth conscious through this beautiful channel. Thank you Aja Dang for all the infos. Merry Christmas:)
Love this video!! Someone just recommended your channel and I love it. I totally agree, it's ok to take a little break from budgeting when it's not fun but you can't avoid money forever because it will just get worse! There are lots of ways to do baby steps and get your finances better. Great video!
I'm still on track. I just paid off one of my loans yesterday. I have a long way to go, but it feels good not having that specific payment anymore. On May 1st Ill have another paid off then I'm paying off the last 500 I owe on my car, which is going to be great and I'm lucky enough that my car is still in great shape to last me a few more years which will give me time to attack more debt. I don't use automation too much on any of my stuff like others because I tend to not keep track of it, but I do know when and where all my bills are due and I like doing it all by hand because it keeps me checking all my accounts instead of just letting them go, but that's a personal preference. I also track everything in my bullet journal which has helped me a lot in terms of budgeting everything monthly.
Dear aja, You've mentioned in the past that your student loans contributed to your debt situation. I'm going to graduate from my undergraduate studies at the end of this year in december. I've watched your videos prior to Dave Ramsey, but you led me to him. Which led me back to you. I started using the Qapitol app and got some of my friends on board with it too. Because of you I have already prepped for graduate school and should have enough money cash to pay off my graduate program when I finish my 3 year program with the help of you and Qapitol. I thank you from the bottom of my heart for being transparent about your situation. Here's to a debt free journey! Much love from Cali xoxo
I love that you talk about money. My yearly goal is to save more money and start paying off the debt. So I can start using my money for more things I love like travel.
I’m so thankful for finding your channel. I’m currently in college and supporting myself by have been struggling with money management. It’s relieving to hear that other people are out there trying to meet similar goals. You have inspired me to really tackle my finances and spending habits. Love your videos!
I always think I do my best, but you keep me in check with every budget-related upload. AND BOY, AM I THANKFUL. Each time I revisit my finances and watch/rewatch your videos, I hold myself more accountable and make the little moves to improve. Thank you for another video!
Alright I’ve kicked my ass back into gear. I’ve started writing my expenses on a day-to-day basis in a small notebook/planner to keep myself from being overwhelmed at the end of the month. I often forget what most of my transactions were when I look through my bank accounts, especially if they have no specific description. I’m hoping to stay on track now 🙌
When I first started this I was upset all the time because suddenly I couldn't buy this new release or that other frivolous thing and I would think "why aren't I enjoying my money when I worked so hard to get it". But after really sitting down and looking at all my debt it really hit me that until this is paid off, any money I make is not *really* my money- because I owe so much to someone else. That way when I have money in my account and I see something I really love and would like to buy, I can tell myself that I'd be spending someone else's money (don't get me wrong there are times I give in, but the impulse buys are much less frequent). I will be debt free in 5 years, how freaking exciting is that?!
No one really explained to me how credit cards work. And i really dug myself into a ditch. But after watching this, I am going to end my gym membership and going to start putting that money into one of my cards i really want to pay off
don't worry, a lot of people don't understand what it means to have a credit card. I know someone who spent $4000 on a credit card bc he thought it was free money!
Because of you girl now I know why I wasn’t saving money and I was wasting in all on grubhub and Uber like crazy and online spending. Thanks to you girl I have draw an outline on my planner and Excel monthly budgeting like I feel so much better everything is much clear on paper or labtop. 🥰🥰🥰 you are awsome for this. Sending lots of blessings for you and family
Nice tip about leaving credit cards at home. I worked at one of the big 5 banks for 4 years and could see ALL the profit, and how it drains the customer.. the revolving interst is just SO ridiculously high.
Honestly love your videos and the advice you give. I do agree that saving up for things is a lot better than using a credit card (especially one with interest), however if you don't have the means to pay for college without taking out a loan- a credit card can be incredibly useful to start building credit. Personally, as a senior in college working full-time, I only use my credit card when I know that I have enough money in my checking account to afford it. I always pay my credit card off before the payment's even due to prevent any mishaps. Credit cards should only be used responsibly since usually people without financial responsibility will abuse the card and get into a lot of credit issues.
I’m somewhat new to this channel and I am so thankful that you came up in my recommendations!!! Thank you for always being so frank, helpful and kind in your videos. Looking forward to my financially free future 🙏🏼
whew i unsubscribe from most email newsletters as soon as i receive the first promotion. it creates less mess, less temptation, and more room for positive reinforcement from informational sources like newspapers and financial bloggers.
Thank you for continuing to be so open and transparent about your debt journey. You are truly an inspiration. I've been a fan of yours since Vlogmas Day 14 when you first came out with your student loan debt and I instantly felt a kindred spirit to you. I recently uploaded my first debt video and it felt therapeutic to put it all out there and no longer be ashamed of it. Keep killing it!
I disagree with never having a credit card. *Not having a credit history slowed down my ability to get a mortgage to build my house.* My mortgage consultant told me that I should have gotten at least one store card and paid it off immediately so that I could build credit, since I hadn't ever used credit cards. You *must* have a credit history, and one that is proven to be good or excellent, to be able to do "grown-up" things like buy a car or home. Paying bills on time is not enough.
you can definitely get a house without credit history. manual underwriting makes it possible. I'll probably have no credit history by the time I'm ready to buy a house so I can show the whole process.
Yeah that was the part of the video where I stopped watching. Credit history is so so important later down the line when you want to do something big, like get a car or a house or even just rent an apartment as a lot of apartment complexes require you to have above a certain credit score. Also if you use them smartly you can save yourself a ton of money, and that's something to take advantage of. They can be dangerous for people who have problems with impulse shopping or don't have a good handle on their finances in general, but for those people I would recommend at least a secured credit card, which is a credit card where you basically pay a refundable security deposit which becomes your total credit limit. This ensures that no matter what you are able to pay your card off. But all in all not taking advantage of credit cards that have good benefits will cause you to spend much more in the long run and as someone who is serious about saving as much as I can they have been wonderful, you just have to be good at budgeting and responsible with your finances.
Agree with this. I loved most of your advice but would strongly advocate for the opposite of what you suggested for credit cards Aja. Instead of never using credit cards I would advise people to never use a debit card (unless you need cash at an atm). The primary reason is safety. If someone steals your debit information they can clear out your checking account. On the other hand if someone steals your credit card information you can get rid of the charges. It’s an added layer of security. This is also why I use PayPal online, it’s another level of security on top of your credit card because the vendor doesn’t have direct access to your information! Other reasons to use credit cards is that you build credit history and the last reason is for getting extra perks for travel etc. If you automate your payments and never spend anything you wouldnt have bought with cash anyways it is much much better than using cash/debit.
I understand why debit/cash may be more helpful for people who have trouble restricting themselves without seeing the cash flow in that moment and are training themselves. But I think framing it as “try this (budgeting with cash/debit) until you can get to the ideal (using credit safety and to your advantage once you’ve established a good mindset with using cards)” instead of “never use credit” would be more helpful.
@@AjaDang Then please do a more comprehensive video explaining how people can build credit with no credit. I'm older than most of your viewers, I'm sure, and I paid off my student loan debt before 40. It took *a lot* of struggle, but writing that last check was a dream come true. But even with a clean slate, getting a mortgage was harder than it should have been, because I had no "debt" and had always refused to get credit cards.
Thank you so much for sharing your debt free journey. You've inspired me and my husband to get our shit together. We're uber committed now. We literally just finished making our budget in excel. We don't have a set debt free date, but we'll have one soon.
I love the direction your channel has been going for the past year+ or so and for always keeping it 100! You've helped so many people including myself ❤
Love your finance vids! I really need this. Question though. Doesn't having a credit card build credit? I've been denied refinancing my student loans by at least 3 companies because I didn't have what they called "revolving credit" which can be gained though having a credit card. Would love to hear how you build your credit in ways other than having a credit card. Having one has definitely raised my score- but it's been a slow process. Thanks!
One of the best pieces of advice my parents ever gave me was how important credit was. As much as I love Aja, I don't agree with her sentiment that credit cards are evil and should never be used. This mindset is the reason none of my friends have any credit score to their name and still need their parents to co-sign a lease. My parents always told me that having no credit at all was worse than having bad credit. I got my first credit card at 18, and I'm 22 now and have a credit score of 800. The trick is to not even treat your credit card as such. I always treated it like a debit card. Never make late payments, and always pay the bill in full. This sounds like I'm being condescending, but I promise I'm not! It's really that simple. I'd start using it for mostly gas and groceries, things I knew I had the money for. Your credit score grows the longer you have an account, and the least amount of your credit limit you spend (your "lending potential"). When I started out my limit was ~$300. Gas and groceries would be around $100 - one-third of my limit. Throughout college, if my "income" changed (that's in quotations bc I'd only have part time campus jobs while I remained a student) I'd ask for a credit increase. Most companies will increase little by little based on your good behavior with paying it off. So my $100 that was spending remained the same, while my limit increased, so technically I was using less of a percentage available. This helps your score. Once you get in the habit of only buying things you'd use your debit card more, like clothes or "going out" money, pay it off immediately (you can even pay more than once monthly) and don't let it snowball. Just doing this has raised my credit limit to 10000 several cards, and I have never made a late payment nor a partial payment. I trick myself into just treating it like a debit card that is paid in full every month. Hope this helps!
@@jiffybishop3191 It definitely helps- thank you for your reply! I've only been using my card for gas and public transport- so it's a relatively small payment I pay off every month. I guess I need to use it for more things if I want to start seeing a faster change in my score. (740) I want to get it higher so I can finally consolidate my loans like Aja did. Thanks again!
@@XXAsagiXX no problem! It's a slower process since account age is a huge thing, but I promise it'll surely but steadily get up there. If you get like a big tax return or a time where you can "charge" a larger amount and pay it back, do it with your credit card and then pay immediately. It tricks your borrow history into thinking you're a big borrower but a reliable payer-backer lol. And definitely take advantage of pay raises (however slight) to increase your limit, half the time it'll let you increase it simply because you request for it! Hope this helps! Good luck!
These are the people you need to follow for credit card do's and dont's. They help me a lot! 1. Ask Sebby 2. Credit Shifu 3. Best the bush 4. Brian Jung 5. Graham Stephan They alrady tackle how to get a higher score fast.
dang, shit just got real. I wrote down your list and and going to make some real changes starting with tip #1. Figuring out how much I owe...student loans are no joke and you can only run from them until they send you a notice saying they want to garnish your wages. I have a feeling I'll be learning form this channel!
I love your videos so much. Thank you for this one especially. Such helpful information. It has been so wonderful to follow your financial journey . I always learn something.
My birthday was in March, A former boss passed away, my sweet little kitty died and I totally DERAILED with budgeting and paying down my debt. I went on a huge shopping spree to try and fill the void. I’m back on track now. *sigh* life is hard
I'm so sorry you had a bad month. it's ok you did what you needed to do to feel better and I hope it worked for you. Time to get back on it, you can do it!
Ah! Thank you so much for your reply. I’m trying to treat financial responsibility like a healthy lifestyle. You can’t just go on a quick diet and be where you need to be. You have to work at it all the time, everyday. Make it your routine. Sometimes we stray from our routine. Getting back on track gets easier and easier though. I will be debt free by June for the first time in my 13 years of adult life.
I get the point of not having a credit card but for people with good self control, I think credit cards like Chase is amazing. Getting rebates for every purchase and tbh I feel like it's faster and better than having a savings account. you just have to treat your credit card like a debit card. it's all about conscious spending and knowing how to maximize your spending.
I also unfollow Instagram accounts that trigger me to buy clothing along with the emails that send sale codes. I find that if I am not seeing it I don't want to spend it. These are great actionable tips! xx
1. Figure out how much you need. 2. Close one account e.g. subscriptions 3. Set up auto payments to savings 4. Unsubscribe to marketing emails 5. Cut back on one habit costing you money e.g. Starbucks 6. Make a list/avoid impulse shopping 7. Use seperate account for big budget items 8. Leave your credit card at home 9. Focus on what you are gaining instead of what you are losing 10. Talk to someone. I wish more people added information to their description along with the time in the video where they talk about things.
*if you reading this, I hope you had a great day... (read more💛)* *And a great week, and a great month, and a great 2019! And If you’re day wasnt going so good remember there are 364 other days so everything will turn out just fine* ❤️✨🌙☁️ *love from a smoll youtuber* 🌹
I love all of these! great tips. One question i have is regarding your credit report though. You had mentioned that not using a credit card would help. But if you’re not using a credit card, what are some other ways or how do you build a consistent credit score?
Aja Dang credit scores help determine if you’d be eligible to get loans let’s say for a car if you need one or if you’re buying a house. Without good credit scores it might be hard to get those types of things. If you don’t use any type of credit card or something that can help you build your credit score, over time your score can drop. So I’m just curious if maybe there’s another way to build credit without having to use a credit card? Thanks 😊👍🏻
@@caleighng8813 utility payments, school payments, cell phone bills, etc. But also in response to your saying you need people to run a credit score, that's no true! Save up and pay cash for a car, new cars are a waste of money anyway since a car depreciates in value the second you drive it off the lot. Buy a nicely used car in cash. Also, There are mortgage providers that can give you a mortgage without a credit score. It's called the underwriting process, where an actual person (vs a computer) goes through your financial history. It may take longer but you'll get the same results. But to clarify, this is for people with no credit score not a low/bad credit score. If you have a low credit score, you just need to start paying off your debts.
the subscription thing happened to me with Canva and I got my bank notification at like 3am and was so mad I forgot to cancel. I fought them hard to get my $13 back. Really made me pay attention to what im paying for
I disagree with what you said about credit cards. Some people like me are responsible with their CC. I love my CC so I can build my credit score in order to buy a house I want in the next 3~4 years. Also, travel points. I honestly purchase EVERYTHING with my CC unless they require cash or debit which erks me at times. Well, I am aware with my spending habits and I do pay my CC in full every month.
I agree, it's very important to build your credit score (to be able to rent an apartment, get a mortgage, etc). Understanding fully how credit cards work and then using them responsibly is the key! For people who are tempted to spend more when using a credit card, use your card for 1 purchase per month (ex: one grocery trip or one coffee) and then use cash the rest of the month. Then pay off your bill in full. You'll be paying on time in full (SO IMPORTANT) and your credit utilization will be low, potentially boosting your score.
Aja... Like when you started, I am 29 turning 30 this october. This past sunday my furbaby almost died and I was not financially ready to save him. I had to leave a 2500 deposit for them to save him I had half of that and my debit card was denied, thankfully my Boyfriend applied for a care card and was approved for 2000 I paid the rest and my furbaby is now home. This is my "get my shit together" moment.
I'm so sorry you had to go through that. I've been there and it's scary. I'm glad he's healthy and home and that you're using this experience to get your shit together!
@@AjaDang omg never thought I would get a reply ... I love your channel and you are the most real youtuber I have come across Love You!!! #Staykeepingitreal And yes!!! Have to stop living day by day and saying "yolo" on everything cus its leaving me broke!! Thank you so much for letting us join you on ur financial journey
In the UK, you need a credit card to build up a credit score. Whenever you have finance on an item eg. Pay monthly phone, car, loan, mortgage, rent, you need to have a good credit score otherwise you’ll either be denied or have to pay higher interest rates. It’s good to have a credit card in the UK but use it wisely.
Thank you for raising awareness about a topic that’s almost taboo and rarely discussed! My parents HATE credit cards too. I’m the first one in my immediate family to get a credit card, but I only got it to enjoy the benefits of a multiplier debit account. And I leave my credit card at home too!!! I spend about $100 a month on my credit card on some dresses a month to enjoy the benefits of the multiplier account and pay for most of my expenses with my debit card.
You don’t know how much your videos are helping me. I’m in a massive amount of debt, almost close to yours. I cannot find work and if I do they do not want to pay me what my degree is worth. It becomes very discouraging but the bills keep piling on. So, it’s become a mission of my mine to clear my debt by 30. Also, anyone reading this DO NOT GET a Sallie Mae loan. It’s killing me. 🙃
Aja Dang my field is Graphic Design and Photography. I’m fortunate to have two jobs right now that are relative to my field, but it’s not a lot of money at all. And the jobs I’ve found are all freelance. I’m delving more into marketing because it seems to me they want everyone to know EVERYTHING so that they won’t have to pay for individuals (such as a graphic designer, photographer, and marketing associate). Thank you for reading!
Credit cards are great if you know how to use it responsibly. I pay off my balance every sunday instead of waiting till the due date so that I wont forget. It also helps to see what I spend and how much I spend. If you think of buying a house in the future, you need to have credits. Not all of us has cash to pay off a house. But I agree, if you cant manage your cards, use only debit cards or cash.
Since you don’t use credit cards how do you personally build credit? I can understand through paying off your student loan but how are you choosing to continue?
Aja I think you’re such a boss! I’m curious why you don’t exactly follow the Dave Ramsey baby-steps? For a while I was doing “Daveish” too and was curious why you’ve made that choice too?
The only baby steps I haven't followed were: 1. Having only $1000 in my savings (as a freelancer, I felt more comfortable having more in my emergency fund) and 2. Contributing to my IRA (and that's bc I had enough money to max out my retirement contribution + add $13,000 towards student loan debt). But everything else I've been following. My main thing is the baby step 1. I think $1000 is too low. I think everyone should put in the amount that they feel comfortable with. You won't be able to fully commit to the baby steps if you don't feel confident in your emergency fund.
I have a full-time job and am currently a graduate student. I don't drink but I do smoke pot, and end up spending about $250 per month. Embarrassing. Not going to force myself to stop, but going to cut down and try to make it last longer..
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My goal was $6500 a year in loans the day before I watched your first vlog on debt. I immediately subscribed and have loved being part of this journey with you and your little community of debt slayers 😂. 15-16 months in, and I hit $24,000 in student loan payments yesterday! I submitted the payment and tried hide my tears of excitement/pride before someone walked past my desk at work 😂😂😂. Just wanted to say thank you for keeping us motivated and being so transparent!
Yaaay you!!! Awesome job. You're an inspiration
Yay!! Great job!! That's freaking awesome!
Alexis Wright congratulations 🎉🍾
@@omowhanreNever thought I'd hear that haha. Thank you! :')
@@amyflip Thank you, thank you! 😊😊😊
Using a credit card can be SO POWERFUL for people needing to build credit. You should make a video on how to use one *correctly*
Daniel Iles, how to use a credit card correctly:
Step 1: Cut up credit card.
Step 2: Throw that mess in the trash.
@@xxpowwowbluexx ok, so how do you build credit? God forbid you need a medical loan(because what you saved up until now is not enough). Is it better to succumb to illness than to borrow? And if you have bad or no credit and you the loan(if you can GET the loan) and you pay more in the end
EXACTLY. I have earned so much money that I put towards my statement and have not given a PENNY in interest/fees that I have had for 7 years. Also, I got one of the lowest interest rates on my mortgage BECAUSE my credit score is >800. Just because some people have NO self discipline does not mean credit cards are trash. I keep track of EVERYTHING I spend and have different credit cards like those who have different accounts or envelopes. Learn how to use a credit card and I promise you get more than just a good credit score. You ACTUALLY get cash back for spend what you are already spending. Look up Graham Stephan's Credit card video and he will explain how to correctly use one.
I agree credit cards can be super dangerous for people who don't have much self control or tend to impulse purchase things, but if you learn to use one properly it comes with tons of benefits, and it's nearly impossible to build credit without having one. Basic rule of thumb, if you don't have the money to pay off whatever purchase you are making on the credit card right away, then don't put it on the credit card. A lot of people see credit cards as free money, but they're not. It's just important to be aware of what you're using it for and pay things off immediately so you don't accumulate interest.
Sandra Llewellyn why would you want a medical loan do you know the interest that those build that’s why you shop good health insurance and life insurance
Can you do a video explaining how you share/allocate expenses with your boyfriend? This is an issue for lots of us. Sometimes it sounds like you individually pay for a lot of the monthly expenses.
I definitely second this!
I agree with this suggestion.
I hear what youre saying too, and i agree.
But honestly i dont think aja will do this only b/c her partner might not want his info out there in the public so she probaby has to abide by that as well. It would be pretty helpful info for sure, but i dont know if i see her sharing detailed info.
orangej Agreed. We don’t need specifics. Just the thought process and how to not cause financial resentment.
Dude yes! Especially about the financial resentment part.
If I'm honest these videos have been a lifesaver. You've helped me organize my finances to where I'm throwing an extra $500/month to credit card debt. I have paid off 2 this year and should have another half paid off within the next few months. They didn't teach this in school, and I always felt stupid for not knowing even though we aren't really taught.
You should do a video on taxes and how-to's?! Because I'm still struggling with those and truthfully I haven't done them yet...
Automation for saving, investing and bill paying has been the biggest thing for me when getting my finances in order. This has helped me to pay down $45,000 of debt. Still, have about $60k to go, but automation removes your feelings from it all. I couldn't trust myself to do some important financial things without automation.
wow - congrats! You made some HUGE accomplishments!
I agree this is. If it doesn't require constant effort it will literally be *effortless* to save.
deleting the starbucks app on my phone was one of the best/simple/surprisingly effective things I did for my budget. I was totally in denial about how much I was spending there. When you reload on the app you just don't make the connection with the money leaving your bank account (or credit card :/ ) I still get a latte here or there, but I'm way more likely to just get a brew coffee now that I'm not obsessed with the extra star challenges...
April is Financial Literacy Month! You can never have too many finance videos this month. These were some really good tips! -Akeiva
oh! Well perfect timing then
You have so rapidly become one of my favourite RUclipsrs of all time, thank you for sharing your journey, it helps others more than you could ever know
I really like the majority of this video. However there are ways to safely utilize credit cards. I currently use mine as if it’s my debit card. I only spend what I can afford, immediately pay off the card and with doing so I earn points which can translate to free money. I feel this is important to do because a major part of financial stability is credit, having tons of money can only get you so much when you don’t have credit.
you can live the same life without a credit score. but happy you're being responsible.
@@AjaDang is that true? Don't they check credit score for so many things, like phone bills, renting an apartment, car or house loan, etc?
@@Sassypantsinpink yup, you're a hater.
@@AjaDang well I actually got a significantly lower mortgage rate because I had a good credit score. I haven't paid a penny for interest/fees and make money from credit cards due to their rewards. IF the temptation is too much for you that is completely understandable but to write off CC just because one does not know how to use them is potentially hurting yourself when it comes to getting better interest rates for when you DO need to get a loan (mortgage, car loan, etc.) I could go on and on because there is a whole other side to having good credit & using loans with a lower interest rate when it comes to investing with a higher return. Just gotta know how to use the system to your advantage.
Lorraine madewell completely agree! Those who don’t recommend credit cards should really change their statement to “I don’t recommend credit cards for people who have bad self control like myself”. Money has more to do with our behaviors towards it
Thank you thank you thank you! I pray that all the good you're putting out into the world comes back to you and your loved ones many times over for many generations. (Sorry, I'm African- we pray for you, your children and your children's children's 🙃)
Thank you Aja!! Your journey helps and motivated me to get my life together. Can’t wait til I’m debt free. Shame on me that I’m 37 and I’m in debts and have no emergency fund and no saving. I’m going to do this today. Hopefully by the time I’m turning 40 and I could be live comfortable with no debts.
Yes, girl! The little things add up. I actually watched this video and combed through all my paid subscriptions. I have trimmed down my list, not because I have huge debt, but more because they are not all essential and I could put those funds towards something else. I re-negotiated my phone/cable/internet bill and got it cut down by a huge amount for each month. I used the leverage that I have been with my mobile provider for a long time. Small actions; big rewards.
You are so correct! I speak with my husband about our debt, but it great to hear you enthusiasm! I think we have 18-24 months and we’re finally debt free!!!
Something that's helped me is to grocery shop (with a list) at a grocery store instead of Target. If I don't have to walk by the home goods, the candles, and the clothes, I'm not tempted to buy them while I'm buying milk and cereal. My other tip is to switch one thing on your typical list to generic. We like the Kroger brand version of a certain cereal just as much as the branded version and it's much more affordable. We buy 3 boxes a week, and we save close to $12 each week by choosing that one generic item.
To piggyback on this- I’ve actually started using the Kroger pickup service. Sure it charges $5 for the convenience, but I save a lot more money by not throwing new fun exciting things into my cart.
Thank you for breaking it down into baby steps! As someone who is getting ready to retire, I am concerned with the younger generations of people I work with who are more focused on the appearance of having "things", than saving for their future. I love that you are talking about budgeting, because without it, we don't know where the money is going. Great job opening that conversation.
The subscription thing is SO REAL. i had Tidal *just in case* and never used it. i recently cancelled it and, whilst i want to support the business, i'm better off with another £10pcm to put towards paying off the last of my debt! £1900 to gooooo
I’m excited to start budgeting and found this video SO helpful! But one thing I disagree with is the idea of not having a credit card. Credit cards are the easiest way to build your credit, especially at a young age WHEN the individual has some type of steady income. Yes, it’s true that people can get carried away with spending on a credit card because they’re not obligated to pay it off right away, but it’s all about changing your perspective. If you start treating your credit card as if it’s your debit card and pay it off at the end of the month, your credit score really is going to build up steadily and quickly. I can’t stress this enough, especially for young adults who are so afraid of credit who - upon trying to rent their first apartment - do not have a credit score! Credit shouldn’t be viewed as a bad thing.
New momma here and finances have always been a struggle. I love following this channel to help me stay in the mindset of achieving financial stability for myself and my son’s future!
I've been using the Qapitol app for a few months now since you spoke about it, it's a game changer.
Great video! My tips are: buying in bulk can save you a lot if you can afford the upfront cost. Buying bulk detergent, dish soap, toilet paper, etc. from sams club has saved me a lot in the long run. Also, switching to reusable items when you can will add up and it’s better for the environment. Stuff like reusable ziploc bags, wool dryer balls, microfiber cloths instead of paper towels, things like that. Even getting a Brita or something instead of buying bottled water all the time.
I’ve also noticed I don’t need as much of certain things as I’ve been conditioned to think, like my clothes come out perfectly clean using half the amount of detergent that is recommended, and I no longer use fabric softener because of skin allergies and I don’t miss it at all.
i think that treating your credit card like a debit card is a good option too! unfortunately, a lot of our big life decisions depend on having a good credit score so sometimes having a credit card is important!
Thank You for all of your videos. I changed my financial behavior this year and saved so much. in just 4 months more than I ever had. Just thank You.
p.s. I love you, you helped me get organised and organise my finances, so a year on I have cleared about £4000 worth of debt, which doesn't sound like a lot, but to someone who is a student and works two minimum wage jobs, it really was. I've dropped one of my part time jobs, freelance dog walk, and am smashing through my studies! Thank you so much! I know a lot of beauty gurus online are focussed on some expedient things, but you've really tapped into an intrinsic wish into so many, and on behalf on everyone you have helped, thank you so so so much, please let me know if you ever want to visit Scotland, I'd be happy to have you!
that's amazing, congrats!
Love the video! I have paid almost $7K of student loan debt since Nov 2018 and only $90K to go. I'm on a MISSION to get it paid off before I'm 30 in 5 years.
THIS!
It’s only been 2 weeks since I started my financial diet. I’m $15,000 in debt.. BUT, I feel confident and secure knowing that I can always go back to your videos for motivation and drive to keep going. So far I’ve saved up an extra $100 alone just by cutting on Starbucks 🥴 It’s toxic! Lol! Also, subscriptions? Who is she?
We got this guys. 😘 Goodluck to everyone.
The best feeling is watching this and knowing that the past year has put me in a really good place. Already following these tips and my life is so much better. Thanks ❤️
My vice is online shopping, so while watching this, I deleted all store apps from my phone so I can't shop when I'm bored. While I could afford it, I spent over $700 this month just on online shopping when I was bored. I watched this video twice taking notes and realized I need to replace my behaviour and spend that time on hobbies or other activities. Just subscribed to your channel and can't wait to catch up on your other vids!
Thank you for making in-depth videos about money/finances/savings... I feel like a lot of RUclipsrs avoid it because it’s not as “sexy” or “fun” as other videos but it’s super helpful!
I really find this informative. I use credit cards, and I think I do not spend a lot of money on that , and it gives me credits. I deem credits as a way of saving money. And OMG I was so wrong about this. When I was watching this video, I checked the number I spent through credit card, and that's a lot. Just keep learning and being more wealth conscious through this beautiful channel. Thank you Aja Dang for all the infos. Merry Christmas:)
Love this video!! Someone just recommended your channel and I love it. I totally agree, it's ok to take a little break from budgeting when it's not fun but you can't avoid money forever because it will just get worse! There are lots of ways to do baby steps and get your finances better. Great video!
I love this. Budgeting has been super rewarding and I actually feel accomplished when it’s time for bills at the start of each month.
I'm still on track. I just paid off one of my loans yesterday. I have a long way to go, but it feels good not having that specific payment anymore. On May 1st Ill have another paid off then I'm paying off the last 500 I owe on my car, which is going to be great and I'm lucky enough that my car is still in great shape to last me a few more years which will give me time to attack more debt. I don't use automation too much on any of my stuff like others because I tend to not keep track of it, but I do know when and where all my bills are due and I like doing it all by hand because it keeps me checking all my accounts instead of just letting them go, but that's a personal preference. I also track everything in my bullet journal which has helped me a lot in terms of budgeting everything monthly.
you are killing it!
Dear aja,
You've mentioned in the past that your student loans contributed to your debt situation. I'm going to graduate from my undergraduate studies at the end of this year in december. I've watched your videos prior to Dave Ramsey, but you led me to him. Which led me back to you. I started using the Qapitol app and got some of my friends on board with it too. Because of you I have already prepped for graduate school and should have enough money cash to pay off my graduate program when I finish my 3 year program with the help of you and Qapitol. I thank you from the bottom of my heart for being transparent about your situation. Here's to a debt free journey! Much love from Cali xoxo
WOW! You are amazing
“Budgeting money is hard.. it’s fucked up.” I love Aja, she gives the hard truth about it and is realistic about money/budgeting.
I love that you talk about money. My yearly goal is to save more money and start paying off the debt. So I can start using my money for more things I love like travel.
I’m so thankful for finding your channel. I’m currently in college and supporting myself by have been struggling with money management. It’s relieving to hear that other people are out there trying to meet similar goals. You have inspired me to really tackle my finances and spending habits. Love your videos!
I always think I do my best, but you keep me in check with every budget-related upload. AND BOY, AM I THANKFUL. Each time I revisit my finances and watch/rewatch your videos, I hold myself more accountable and make the little moves to improve. Thank you for another video!
This inspired me to set up a set it and forget it rule on my Qapital
Alright I’ve kicked my ass back into gear. I’ve started writing my expenses on a day-to-day basis in a small notebook/planner to keep myself from being overwhelmed at the end of the month. I often forget what most of my transactions were when I look through my bank accounts, especially if they have no specific description. I’m hoping to stay on track now 🙌
When I first started this I was upset all the time because suddenly I couldn't buy this new release or that other frivolous thing and I would think "why aren't I enjoying my money when I worked so hard to get it". But after really sitting down and looking at all my debt it really hit me that until this is paid off, any money I make is not *really* my money- because I owe so much to someone else. That way when I have money in my account and I see something I really love and would like to buy, I can tell myself that I'd be spending someone else's money (don't get me wrong there are times I give in, but the impulse buys are much less frequent). I will be debt free in 5 years, how freaking exciting is that?!
Love the refrigerator analogy👌🏻🤣😂
I love your financial videos!!
No one really explained to me how credit cards work. And i really dug myself into a ditch. But after watching this, I am going to end my gym membership and going to start putting that money into one of my cards i really want to pay off
don't worry, a lot of people don't understand what it means to have a credit card. I know someone who spent $4000 on a credit card bc he thought it was free money!
Check out YNAB.com
Because of you girl now I know why I wasn’t saving money and I was wasting in all on grubhub and Uber like crazy and online spending. Thanks to you girl I have draw an outline on my planner and Excel monthly budgeting like I feel so much better everything is much clear on paper or labtop. 🥰🥰🥰 you are awsome for this. Sending lots of blessings for you and family
wow - absolutely amazing!! CONGRATS!
Nice tip about leaving credit cards at home. I worked at one of the big 5 banks for 4 years and could see ALL the profit, and how it drains the customer.. the revolving interst is just SO ridiculously high.
Honestly love your videos and the advice you give. I do agree that saving up for things is a lot better than using a credit card (especially one with interest), however if you don't have the means to pay for college without taking out a loan- a credit card can be incredibly useful to start building credit. Personally, as a senior in college working full-time, I only use my credit card when I know that I have enough money in my checking account to afford it. I always pay my credit card off before the payment's even due to prevent any mishaps. Credit cards should only be used responsibly since usually people without financial responsibility will abuse the card and get into a lot of credit issues.
I’m somewhat new to this channel and I am so thankful that you came up in my recommendations!!! Thank you for always being so frank, helpful and kind in your videos. Looking forward to my financially free future 🙏🏼
whew i unsubscribe from most email newsletters as soon as i receive the first promotion. it creates less mess, less temptation, and more room for positive reinforcement from informational sources like newspapers and financial bloggers.
Thank you for continuing to be so open and transparent about your debt journey. You are truly an inspiration. I've been a fan of yours since Vlogmas Day 14 when you first came out with your student loan debt and I instantly felt a kindred spirit to you. I recently uploaded my first debt video and it felt therapeutic to put it all out there and no longer be ashamed of it. Keep killing it!
I disagree with never having a credit card. *Not having a credit history slowed down my ability to get a mortgage to build my house.* My mortgage consultant told me that I should have gotten at least one store card and paid it off immediately so that I could build credit, since I hadn't ever used credit cards. You *must* have a credit history, and one that is proven to be good or excellent, to be able to do "grown-up" things like buy a car or home. Paying bills on time is not enough.
you can definitely get a house without credit history. manual underwriting makes it possible. I'll probably have no credit history by the time I'm ready to buy a house so I can show the whole process.
Yeah that was the part of the video where I stopped watching. Credit history is so so important later down the line when you want to do something big, like get a car or a house or even just rent an apartment as a lot of apartment complexes require you to have above a certain credit score. Also if you use them smartly you can save yourself a ton of money, and that's something to take advantage of. They can be dangerous for people who have problems with impulse shopping or don't have a good handle on their finances in general, but for those people I would recommend at least a secured credit card, which is a credit card where you basically pay a refundable security deposit which becomes your total credit limit. This ensures that no matter what you are able to pay your card off. But all in all not taking advantage of credit cards that have good benefits will cause you to spend much more in the long run and as someone who is serious about saving as much as I can they have been wonderful, you just have to be good at budgeting and responsible with your finances.
Agree with this. I loved most of your advice but would strongly advocate for the opposite of what you suggested for credit cards Aja. Instead of never using credit cards I would advise people to never use a debit card (unless you need cash at an atm). The primary reason is safety. If someone steals your debit information they can clear out your checking account. On the other hand if someone steals your credit card information you can get rid of the charges. It’s an added layer of security. This is also why I use PayPal online, it’s another level of security on top of your credit card because the vendor doesn’t have direct access to your information! Other reasons to use credit cards is that you build credit history and the last reason is for getting extra perks for travel etc. If you automate your payments and never spend anything you wouldnt have bought with cash anyways it is much much better than using cash/debit.
I understand why debit/cash may be more helpful for people who have trouble restricting themselves without seeing the cash flow in that moment and are training themselves. But I think framing it as “try this (budgeting with cash/debit) until you can get to the ideal (using credit safety and to your advantage once you’ve established a good mindset with using cards)” instead of “never use credit” would be more helpful.
@@AjaDang Then please do a more comprehensive video explaining how people can build credit with no credit. I'm older than most of your viewers, I'm sure, and I paid off my student loan debt before 40. It took *a lot* of struggle, but writing that last check was a dream come true. But even with a clean slate, getting a mortgage was harder than it should have been, because I had no "debt" and had always refused to get credit cards.
Thank you so much for sharing your debt free journey. You've inspired me and my husband to get our shit together. We're uber committed now. We literally just finished making our budget in excel. We don't have a set debt free date, but we'll have one soon.
I love the direction your channel has been going for the past year+ or so and for always keeping it 100! You've helped so many people including myself ❤
I make my own coffee at home. $15 pack of beans lasts about two weeks for me (fiancé and I drink a cup a day). Saves us sooo much money!
I found unfollowing brands on social media helped me from seeing ads to BUY BUY all the damn time.
Love your finance vids! I really need this. Question though. Doesn't having a credit card build credit? I've been denied refinancing my student loans by at least 3 companies because I didn't have what they called "revolving credit" which can be gained though having a credit card. Would love to hear how you build your credit in ways other than having a credit card. Having one has definitely raised my score- but it's been a slow process. Thanks!
One of the best pieces of advice my parents ever gave me was how important credit was. As much as I love Aja, I don't agree with her sentiment that credit cards are evil and should never be used. This mindset is the reason none of my friends have any credit score to their name and still need their parents to co-sign a lease. My parents always told me that having no credit at all was worse than having bad credit. I got my first credit card at 18, and I'm 22 now and have a credit score of 800. The trick is to not even treat your credit card as such. I always treated it like a debit card. Never make late payments, and always pay the bill in full. This sounds like I'm being condescending, but I promise I'm not! It's really that simple. I'd start using it for mostly gas and groceries, things I knew I had the money for. Your credit score grows the longer you have an account, and the least amount of your credit limit you spend (your "lending potential"). When I started out my limit was ~$300. Gas and groceries would be around $100 - one-third of my limit. Throughout college, if my "income" changed (that's in quotations bc I'd only have part time campus jobs while I remained a student) I'd ask for a credit increase. Most companies will increase little by little based on your good behavior with paying it off. So my $100 that was spending remained the same, while my limit increased, so technically I was using less of a percentage available. This helps your score. Once you get in the habit of only buying things you'd use your debit card more, like clothes or "going out" money, pay it off immediately (you can even pay more than once monthly) and don't let it snowball. Just doing this has raised my credit limit to 10000 several cards, and I have never made a late payment nor a partial payment. I trick myself into just treating it like a debit card that is paid in full every month. Hope this helps!
@@jiffybishop3191 It definitely helps- thank you for your reply! I've only been using my card for gas and public transport- so it's a relatively small payment I pay off every month. I guess I need to use it for more things if I want to start seeing a faster change in my score. (740) I want to get it higher so I can finally consolidate my loans like Aja did. Thanks again!
@@XXAsagiXX no problem! It's a slower process since account age is a huge thing, but I promise it'll surely but steadily get up there. If you get like a big tax return or a time where you can "charge" a larger amount and pay it back, do it with your credit card and then pay immediately. It tricks your borrow history into thinking you're a big borrower but a reliable payer-backer lol. And definitely take advantage of pay raises (however slight) to increase your limit, half the time it'll let you increase it simply because you request for it! Hope this helps! Good luck!
These are the people you need to follow for credit card do's and dont's. They help me a lot!
1. Ask Sebby
2. Credit Shifu
3. Best the bush
4. Brian Jung
5. Graham Stephan
They alrady tackle how to get a higher score fast.
Phoenix Howlette thank you! I’ll check them out!
Recently discovered your channel and love your videos! So helpful and real
dang, shit just got real. I wrote down your list and and going to make some real changes starting with tip #1. Figuring out how much I owe...student loans are no joke and you can only run from them until they send you a notice saying they want to garnish your wages.
I have a feeling I'll be learning form this channel!
it's the scariest part of the journey but it will be so helpful for you!
Thanks for the great tips. This was literally the only YT video that i took notes on. You're amazing 💐
This couldn’t have come at a better time
U r my financial guru ❤️🙏🏻🤗
Your videos always keep me focused & on track with my financial goals. Thank you for sharing! Xoxo
I'm. New here but ur channel is very supportive I've watched a few they are really good
Great video Aja, very inspiring! Keep up the good work!
great content ! really helpful and realistic suggestions - thank you!
I love your videos so much. Thank you for this one especially. Such helpful information. It has been so wonderful to follow your financial journey . I always learn something.
My birthday was in March, A former boss passed away, my sweet little kitty died and I totally DERAILED with budgeting and paying down my debt. I went on a huge shopping spree to try and fill the void. I’m back on track now. *sigh* life is hard
I'm so sorry you had a bad month. it's ok you did what you needed to do to feel better and I hope it worked for you. Time to get back on it, you can do it!
Ah! Thank you so much for your reply. I’m trying to treat financial responsibility like a healthy lifestyle. You can’t just go on a quick diet and be where you need to be. You have to work at it all the time, everyday. Make it your routine. Sometimes we stray from our routine. Getting back on track gets easier and easier though. I will be debt free by June for the first time in my 13 years of adult life.
I get the point of not having a credit card but for people with good self control, I think credit cards like Chase is amazing. Getting rebates for every purchase and tbh I feel like it's faster and better than having a savings account. you just have to treat your credit card like a debit card. it's all about conscious spending and knowing how to maximize your spending.
The freezer tip is gold!!!!
I also unfollow Instagram accounts that trigger me to buy clothing along with the emails that send sale codes. I find that if I am not seeing it I don't want to spend it. These are great actionable tips! xx
Haute & Healthy that’s another great tip!
Thank you Aja! Reminders like these are always helpful!!!
This was extremely helpful and hopeful! Thanks for posting!
These tips are so simple yet so effective thank you!!!
1. Figure out how much you need.
2. Close one account e.g. subscriptions
3. Set up auto payments to savings
4. Unsubscribe to marketing emails
5. Cut back on one habit costing you money e.g. Starbucks
6. Make a list/avoid impulse shopping
7. Use seperate account for big budget items
8. Leave your credit card at home
9. Focus on what you are gaining instead of what you are losing
10. Talk to someone.
I wish more people added information to their description along with the time in the video where they talk about things.
I really had to force myself to watch this. Good medicine 🙏🏽.
Thank you for the good notes 1 to 10!
The hardest part for me right now is getting my company up and running while balancing a fluctuating income and debt.
Aja, another GREAT video!! Yay finances!!
*if you reading this, I hope you had a great day... (read more💛)*
*And a great week, and a great month, and a great 2019! And If you’re day wasnt going so good remember there are 364 other days so everything will turn out just fine* ❤️✨🌙☁️ *love from a smoll youtuber* 🌹
Your pup judging you made me smile for the whole 5 minutes :D
I love all of these! great tips. One question i have is regarding your credit report though. You had mentioned that not using a credit card would help. But if you’re not using a credit card, what are some other ways or how do you build a consistent credit score?
what would you need a credit score for?
Aja Dang credit scores help determine if you’d be eligible to get loans let’s say for a car if you need one or if you’re buying a house. Without good credit scores it might be hard to get those types of things. If you don’t use any type of credit card or something that can help you build your credit score, over time your score can drop. So I’m just curious if maybe there’s another way to build credit without having to use a credit card? Thanks 😊👍🏻
@@caleighng8813 utility payments, school payments, cell phone bills, etc. But also in response to your saying you need people to run a credit score, that's no true! Save up and pay cash for a car, new cars are a waste of money anyway since a car depreciates in value the second you drive it off the lot. Buy a nicely used car in cash. Also, There are mortgage providers that can give you a mortgage without a credit score. It's called the underwriting process, where an actual person (vs a computer) goes through your financial history. It may take longer but you'll get the same results. But to clarify, this is for people with no credit score not a low/bad credit score. If you have a low credit score, you just need to start paying off your debts.
Aja Dang thank you! This helps a lot!
You’re a life saver.
These are great beginner tips, Aja!
the subscription thing happened to me with Canva and I got my bank notification at like 3am and was so mad I forgot to cancel. I fought them hard to get my $13 back. Really made me pay attention to what im paying for
Thanks for the tips and for keeping me motivated
I disagree with what you said about credit cards. Some people like me are responsible with their CC. I love my CC so I can build my credit score in order to buy a house I want in the next 3~4 years. Also, travel points. I honestly purchase EVERYTHING with my CC unless they require cash or debit which erks me at times. Well, I am aware with my spending habits and I do pay my CC in full every month.
I agree, it's very important to build your credit score (to be able to rent an apartment, get a mortgage, etc). Understanding fully how credit cards work and then using them responsibly is the key!
For people who are tempted to spend more when using a credit card, use your card for 1 purchase per month (ex: one grocery trip or one coffee) and then use cash the rest of the month. Then pay off your bill in full. You'll be paying on time in full (SO IMPORTANT) and your credit utilization will be low, potentially boosting your score.
What credit card do you use? I have citi forward but I don’t think we get travel points
@@jazmynnv5831 I'm in Canada. I'm with CIBC and I collect Aeroplan points. I fly a ton domestically with Air Canada.
.....and brains🙌
Aja... Like when you started, I am 29 turning 30 this october. This past sunday my furbaby almost died and I was not financially ready to save him. I had to leave a 2500 deposit for them to save him I had half of that and my debit card was denied, thankfully my Boyfriend applied for a care card and was approved for 2000 I paid the rest and my furbaby is now home. This is my "get my shit together" moment.
I'm so sorry you had to go through that. I've been there and it's scary. I'm glad he's healthy and home and that you're using this experience to get your shit together!
@@AjaDang omg never thought I would get a reply ... I love your channel and you are the most real youtuber I have come across Love You!!! #Staykeepingitreal
And yes!!! Have to stop living day by day and saying "yolo" on everything cus its leaving me broke!!
Thank you so much for letting us join you on ur financial journey
In the UK, you need a credit card to build up a credit score. Whenever you have finance on an item eg. Pay monthly phone, car, loan, mortgage, rent, you need to have a good credit score otherwise you’ll either be denied or have to pay higher interest rates. It’s good to have a credit card in the UK but use it wisely.
Thank you for raising awareness about a topic that’s almost taboo and rarely discussed! My parents HATE credit cards too. I’m the first one in my immediate family to get a credit card, but I only got it to enjoy the benefits of a multiplier debit account.
And I leave my credit card at home too!!!
I spend about $100 a month on my credit card on some dresses a month to enjoy the benefits of the multiplier account and pay for most of my expenses with my debit card.
You don’t know how much your videos are helping me. I’m in a massive amount of debt, almost close to yours. I cannot find work and if I do they do not want to pay me what my degree is worth. It becomes very discouraging but the bills keep piling on. So, it’s become a mission of my mine to clear my debt by 30. Also, anyone reading this DO NOT GET a Sallie Mae loan. It’s killing me. 🙃
I'm sorry youre having a hard time finding a job. what field are you in?
Aja Dang my field is Graphic Design and Photography. I’m fortunate to have two jobs right now that are relative to my field, but it’s not a lot of money at all. And the jobs I’ve found are all freelance. I’m delving more into marketing because it seems to me they want everyone to know EVERYTHING so that they won’t have to pay for individuals (such as a graphic designer, photographer, and marketing associate). Thank you for reading!
Lindsey Hughes sent me!!! Love your videos chica ✨✨🌸
thanks for joining us!
Thank you so so much
Credit cards are great if you know how to use it responsibly. I pay off my balance every sunday instead of waiting till the due date so that I wont forget. It also helps to see what I spend and how much I spend. If you think of buying a house in the future, you need to have credits. Not all of us has cash to pay off a house. But I agree, if you cant manage your cards, use only debit cards or cash.
Great video, love you.
Love your content!
Your so amazing. Thank you
Since you don’t use credit cards how do you personally build credit? I can understand through paying off your student loan but how are you choosing to continue?
Aja I think you’re such a boss! I’m curious why you don’t exactly follow the Dave Ramsey baby-steps? For a while I was doing “Daveish” too and was curious why you’ve made that choice too?
The only baby steps I haven't followed were: 1. Having only $1000 in my savings (as a freelancer, I felt more comfortable having more in my emergency fund) and 2. Contributing to my IRA (and that's bc I had enough money to max out my retirement contribution + add $13,000 towards student loan debt). But everything else I've been following.
My main thing is the baby step 1. I think $1000 is too low. I think everyone should put in the amount that they feel comfortable with. You won't be able to fully commit to the baby steps if you don't feel confident in your emergency fund.
Aja Dang thanks girl! That’s exactly what How I felt too. Keep going you’re so close
I have a full-time job and am currently a graduate student. I don't drink but I do smoke pot, and end up spending about $250 per month. Embarrassing. Not going to force myself to stop, but going to cut down and try to make it last longer..
Simple and effective. Good advice.