7 Things I Learned From Ruining My Credit | The Financial Diet

The Financial Diet blog:

[mustardsfire]

Chelsea, is it bad that I want to hear your entire life story? It sounds really inspiring as a whole. :)

[mariesconeyisland]

I just want to say that this video helped me tremendously. My credit went from 648 to 812 as of today!! It was a lot of work but I'm over the moon! Thank you for all that useful knowledge, Chelsea. I'm so grateful.

[youngmoneydickmoney]

I just recently found this channel and after watching this video, I am pretty much living exactly what you have! I am just about to be 21 now, Ive been living on my own since 17, and of course I got the "You're 18, heres a credit card!!" card. Maxed it out and tossed it aside, and avoided it as hard as I could.
Racked up so many parking tickets and late fees, and have cringe worthy credit because of it. This year Id say was my "growing up" year, and I am down to $100 left on my credit card, and just paid off a $900 car registration (on time, woohoo!) from all of my stupidity last year, while budgeting enough to keep myself afloat. Learned through the debt collection calls and looming letters in the mail that yeah, it actually DOES matter. Thank you for making these videos, Im glad Im not alone!!

[jbZahl]

A friend of mine had really bad credit when he moved to the U.S., despite he had a decent paying job. Why? Because he never owed anything in his lifetime. So the US-banks thought: No credit-history = bad credit history. He had to make small depts just to pay them in time to get a good credit. For a German this seems crazy.

[Jessicanana]

While these videos can be very motivational, what I think is missing, is more technical advice and tools. I would love to see a video that visually demonstrates how one can create a budget for example, and how to adjust that depending on how much money you make. Like create a system based on a 40K income as the default, and then show how to adjust that to go higher or lower, depending on your income.

I make about 13K a year....sadly, yet I manage to afford a car payment, insurance, and a phone, yet I struggle with savings, and I squander my unspent money into material items. Because my income is so low, it almost feels fruitless to save it, which is hurting my ability to succeed in life. Goals like getting a better job and moving out seem so distant and unattainable.

[lunovo]

Thank you so much for this ... nothing is better than acknowledging the problem and picking up the phone. Your right ...tomorrow I am going to start a payment plan with the debt collection agency that I owe to my school :(. I am so ashamed right now but being honest about it the first step to getting better. Thank you so much !!!! LOVE FROM WASHINGTON, DC!!! -Lucia

[KingMckay]

Most of the videos you make are great and really help me understand the ins and out of how to keep your finances in check. But there really aimed a people who have a full-time job and is getting a steady pay check. I'm just at the end of school and trying to prepare myself for life after that. This year I've started to earn recklessness amounts of money compared to what I've ever had before (For a student) and I've notice that I really have a problem using my money correctly when I only earning like $500 a month.

Normally I spend most my money on games and other non-useful stuff because its really not enough money to invest or use to make more money.

Any advice on good ways to handle your money when your only earning a small mount and not having to look after yourself yet. Thanks

[eddiearz]

Is there a video on what you did to repair your credit?

[dinnerdinnerdinner]

ok but seriously thank you so much for this channel

[CAcationu]

Thank you! You guys have helped me take proper steps in money, particularly my score. I did the same as you years ago and I just got into a good range. It really feels good to have that taken care of.

[lemonblesssed]

This is so good and so true! This is basically my story too. Feels so good to not be afraid of phone calls anymore!

[benaaronmusic]

Good for you!
I think I need to send this to my brother.
He needs a healthier Financial Diet.

[Bxr]

Great presentation, not fun getting into debt, but fun being debt free!

[figthorn]

Can you make a video about student loan debt specifically? Tips, info, tools, how to figure out how to lower interest and all of that.

[tatianatub]

what's with credit cards in america?

[veneneify]

You have saved me. A thousand thank you

[fromscratchauntybindy]

Wish I'd know at 18 what I now know at 38! Also - rehab credit cards?? Not heard of them in Australia but they sound like a goid idea done the right way.

[emmaeb]

Could you please make a video about financial planning for a pet? You hear it is a lot of money but how much should I be saving up to be a responsible pet owner?

[pobalex]

You say you should save money while paying off debts, but I'm already struggling to pay the minimum off student loans and credit cards so after that, rent, food, utilities etc, i don't have extra money for savings. not everyone has a high paying job...

[kdawn]

But how did you do it?? I just want to fix my credit. I can't figure it out.