My parents grew up during the 1930's Depression and never used credit cards. My dad used to say "Plan for the worst and hope for the best." I finally became debt-free this year and today I opened a high yield savings account with 5.02% APY, the first time I've had a savings account in 30 years. It's never too late to learn how to manage your money.

Rachel is such a good person. Even if she disagrees with something, she’s respectful.

I spent 15 years as an adult, thinking that I'd forever be in debt because everything was done with a "buy now-pay later" mentality but nearly 3 years ago I decided to change that and get ahead of the money instead of always chasing payments. Now that I have under $1700 of debt left to clear, I can see that finish line and excited to move on to the next baby step.

I was one of those people who were TERRIFIED of checking my bank account. Now I have several in savings and a few checking accounts that I leverage for my spending plan. I check them at least once a day to reconcile everything against my budget. I am a spreadsheet girl and built my own app to give me a glace on my phone of what is happening in that budget at all times and make quick adjustments. Great video.

I enjoyed this video and I hope you make more like this!

Love Tiffany, love her advice. So inspiring.

Rachel, thank you for the fabulous content. Also, noticed that you took your looks onto whole another level of fabulous! I love this blouse as well as the pink (ish) jacket in another video. Would you share where they are from? I promise I would budget for them 🧡😍

So inspired!

I went 10,000 in debt for one semester at a private school and don't regret it. Now, I don't belive in debt (except house debt) but I think it's what was best for me at that time. I turned 18 and didn't have a plan. It would have been better if I had planned for years, but I was childish and didn't think to plan ahead when I was a literal child.

Love this! Yes we cut up our only credit card last year for good. We now have an emergency fund and have recently used it for a car breakdown and broken tooth. So glad we are using our own money and I said to husband at the time that this is what the emergency fund is for. 👍

To answer the question, yes, the advice can get you debt free. Evidently, at least one person, the video maker, did. A debt avalanche instead of a debt snowball With that said, a little bit of pre-emptive math and budgeting could have easily prevented most of her issues from the start. Some lessons in contentment may have solve the remaining issues Live and learn

Congratulations to the young woman for getting out of Credit Card debt. Credit cards are some of the worst kinds of debt to have. High interest rates. Ease of falling into it. They can be like quicksand. And swallow up anything and everything you ever cared about. Avoid using credit cards if you can. And pay them off before they run out of control.

What is the best way to pay off credit cards? One big payment, twice a month. I need help!!! Thanks

You must have the income to pay that much out

The borrower is servant to the lender. Proverbs…

My husband and I are in our Forties and have no credit cards, just Visa debit cards. We own 3 paid off properties and have zero debt.

One of the problems I have with some of these tips is that they don't work across the board. In some areas of the country, (I live in Northern Virginia, for example) a $1000 emergency fund is peanuts. You would need to have an emergency fund of about $3000 in order to even have a chance at not going into debt. Also, if you aren't pulling in a lot of money, a budget is great, but you need to find other ways to make more money simply to live. Sometimes a budget is not enough. There have been times when I have worked 3 jobs (FT job, server job, part-time tutor) in order to make ends meet - and that WAS with cutting out all extraneous expenses, and having 3 other roommates. I would take all these money tips with a grain of salt and look at the COL in your specific area in order to make a plan that works for you.

Omg I love Tiffany! What is she doing in this channel 🤣

Velocity bamking is faster tham snowball.

99% of the time, psychology beats math.

I feel like I saw this years ago

Using credit cards requires discipline

1000 for dental emergencies is not enough and sometimes you can’t wait to you have enough money. Talk about penny wise and pound foolish.

Math does get you out of debt faster, though. Besides, even using the debt snowball you are using some math. If you pay $100 on a debt, you are subtracting that amount from your bank account & also away from your total amount of debt owed.

Rachel is so beautiful. 🫶🏻