I Lost $40,000 | 5 Lessons from Overspending

A lot of us struggle with overspending. It’s no wonder; the average American receives 6,000-10,000 marketing messages every day. Impulse buying is rampant, and when you spend more than you need to, you often end up spending more than you have.

A few years ago, my spending habits led me to $40,000 in debt. But I learned a lot from that experience about financial wellness, money management, overspending, and debt free living.

This is my personal finance story and debt free journey. I hope that you can learn something from my debt payoff journey and debt confession.
-----

----

RELATED VIDEOS:

COME SAY HI!

-----

The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on our Site constitutes a solicitation, recommendation, endorsement, or offer by Dow Janes or any third party service provider to buy or sell any securities or other financial instruments.

#DowJanes #Debt #Overspending

[DowJanesFinancialEducation]

I hope you learned something from my story! What lessons or tips are you taking away?

[claredrake]

overspend on books and sweets! still struggle but am slowly getting better, slightly, as I progress with MDY

[jncburgess]

When something is on sale as buy x for a certain amount, which is like saving even though I didn't NEED more than one.

[KDubberley]

I overspend on clothes. I think I do this because how I dress is a creative outlet for me but if I was really "creative" I should be able to shop in my closet, right?

[lisahibbs]

Overspend on beauty (spas/face, pedis, clothes, hair)

[nicoledaboul]

Did you lose $40k or spend it? The headline is a bit confusing. Losing money is a whole different subject matter than overspending. People lose money in many unfortunate circumstances that are out of their control.