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1:01 Living in illegal situations 3:17 Not having any savings 6:16 Dating a financially-abusive partner 9:18 Ruining my credit score 12:18 Not speaking up at work 14:21 Not asking for help at home 17:20 Spending because i disliked myself

@MegaBpop

4 жыл бұрын

RoadRageRod Thank You sooooo much !

The relationship with financial abuse is a HUGE issue with young people financially. So glad you covered that!

@chloeneffers2377

5 жыл бұрын

Worked in a bank. I can vouch for this lol

@sangeetpanda292

5 жыл бұрын

Same to same

@Maya-zl2es

5 жыл бұрын

While in a relationship from the ages of 16-21 (with a guy 5 years older than me) I supported him while also finishing school. I thought I was just being a supportive partner.... so many aspects of abuse in that relationship 🤦🏻‍♀️

@angieemm

5 жыл бұрын

Ex-husband did it to me. We're in a community property state so there wasn't anything I could do. Federal law supersedes state anyway, so my credit is JUST now getting back to good after a 2006 divorce. Multiple bank accounts, payday loans...ugh.

@43vaRR

4 жыл бұрын

This includes friendships too

"spend because it makes sense not because youre trying to fill a void in your heart you can't name"

@mariadejucilene7659

5 жыл бұрын

I know! a flipping criminal!! How does a child not take anything to do with social limits on board 😂😂😂 and now I think of my own mistakes in my 20s 🙄😫

@CoushattaL

4 жыл бұрын

Me ... Trying to stop this

@leahmcdermott4189

4 жыл бұрын

What if you’re not trying to fill a void? What if you just love food and have no willpower 😂😩.

Time Stamps 1:00 Number 1 Living in Illegal Situations. 3:17 Number 2 Not Having Any Savings 6:16 Number 3 Dating a Financially Abusive Partner 9:16 Number 4 Ruining My Credit Score 12:19 Number 5 Not Speaking Up at Work 14:20 Number 6 Not Asking For Help at Home 17:17 Number 7 Spending Because I Disliked Myself

@NaijaCINE

5 жыл бұрын

Thanks for doing God's work

@Alomah79

5 жыл бұрын

Thank you!

@TJaeSpeaks

5 жыл бұрын

You da real MVP

@tigerrx7

5 жыл бұрын

NANGSTAGRAM TV you guys should seriously stop doing this. Highlights without some other golden nuggets is foolish knowledge absorption

Holy shit. I've never made the connection between physical and emotional abuse, to financial abuse. That sounded horrible. I'm glad you covered it, and was able to recover from it.

@kelvinnguyen6048

3 жыл бұрын

Psychological abuse as well.

The first point got me thinking. We are Indians. So it's perfectly normal for us to live in our parents' house even after being eighteen. This saves a ton of money, time and energy to find new apartments, having to take care of every single things in your own apartment and all. Though I needed to move out as I attended college in a different city, that experience has actually made me way more stronger and responsible... But my point is, there is no hurry to start your own independent life, just because you are an adult now. Be able to take responsibility at first. Then think of handling everything on your own.

@shaheedcassim2752

4 жыл бұрын

🙈😂Same here, 24 years old with a savings of 3 years total income👌don't leave home till you ready

@mariarak8328

2 жыл бұрын

@@shaheedcassim2752 Not all families are like that, some young people have no choice but to move out or some need to escape difficult home environments.

Until you mentioned it here, the thought never crossed my mind that you were the CEO of your company. Just want to say how impressed I am with how far you've come and looking forward to seeing how far you'll go. Love your channel for all the advice and even though I like to think of myself as money savvy from early on, you've shown me there's always more I can learn. Thanks so much!

thanks to TFD my financial kink is now watching my emergency fund go up instead of spending

@alexanderson281

4 жыл бұрын

aeshir My kink is I like to watch...my debt go down.

Thanks so much for your honesty and vulnerability! That really means a lot and really puts things into perspective for me. This is one of your best videos, in my opinion! I appreciate you and this channel.

@LunarKai

5 жыл бұрын

Thanks for expressing what I wanted to say.

@tarasieczko8871

5 жыл бұрын

Love your videos but your use of the word "literally" makes it hard to take your message seriously. Feels like I'm watching a high school kid talking. Sorry...

you know i started watching like a year and a half ago when my credit was in the 500s. I followed your advice to start paying bills on time! and it snowballs to where i started saving which totally saved me several times. now my credit is n the 700s and my consumer debt is gone. Thanks for starting this channel and being the way you are in sharing this very important information!

adding to number 3: if you partner makes you feel ashamed about ANYTHING (not only your finances), I don't believe it is worth dating the person or living with them.

@piachavez5350

2 жыл бұрын

learned this the hard way.

Excellent presentation of this vital information. I was in a financially abusive marriage and ended up paying thousands of dollars to extricate myself. I've been back on track for many years with good money habits. Chelsea, thanks for sharing your experiences.

Thank you for covering moving out before you are ready. went through some similar struggles as soon as I turned 18. I can definitely sympathize with anyone who wants to move out but is not yet ready to. Do it right and have a plan that is solid & make sure to have a good chunk of saved cash life is more expensive when you are paying for it.

@beachluvr177

5 жыл бұрын

Yes I want to move out so badly! But I know I can’t yet, I need to really save up.

@MoneyRecall

5 жыл бұрын

I know the feeling. I moved out at 18 with around 600 dollars in my pocket and had just "landed" a half terrible job. I was still a senior in High school and I struggled hard. I shot a video talking about how difficult this time was for me and how to avoid the absolutely terrible time I had. The theme of it all is save money have a plan and ask for help from those that have been where you are tying to go.

@NANGSGARAGE

5 жыл бұрын

I moved out at 32 with $20k in savings. I took my sweet ass time 😅

@MoneyRecall

5 жыл бұрын

Haha well then, #save all the money.

@MoneyRecall

5 жыл бұрын

Having saving is definitely a great and very important thing. How much provides metal security is up to the individual. Just remember you will never truly feel all the way ready(for big jumps) to move out beware of the annualizes prelacies. Good luck!

I love that you share personal things like this because it makes me feel less bad about decisions I've made financially that are similar to yours. And your glasses are really cute!!!

I’m here for the person who posts each of the 7 with the time stamp. Thanks

Wow very relatable and honest! I spent a lot of my early 20’s spending money on stupid things. I recently have been focused on saving and truly thinking about my what I want to buy.

@ParachuteRoses

5 жыл бұрын

Emily M totally agree!

@janethockey9070

5 жыл бұрын

Emily M 401 k

@manichairdo6346

5 жыл бұрын

Save as consistently as you can...thinking ahead to your old age. It will come. Little by little.

A tip about negotiating I learnt from Kate Betts book My Paris Dream: whatever you think is reasonable, ask for double. They might just give it to you. But even if they bargain you down, they're unlikely to bring it down to 50% of what you asked for

@MiaStar

5 жыл бұрын

I'm not sure what kind of jobs you or that writer are thinking about, but here in the real world... As someone who spent the last 20+ years in retail, I can assure you there is no such thing as asking for double what you want to be paid. In most retail jobs, they start at minimum wage and there is no room for negotiation. Even in the non-retail job I have now, I make 17/hr which is wayyy more than the Massachusetts state min of 11, and there is no way I would have been hired if I gone into the intereview asking for $30/hr (or even 20) instead of the 15 they started me at (for data entry and some shipping). They would have wondered who the hell I thought I was and laughed me out of there.

@madisonb5395

5 жыл бұрын

@@MiaStar I've always been taught that 15% extra was AT MOST the reasonable thing to ask for when negotiating salary and wages... if you're able to negotiate at all, like you said. Glad to see that SOMEONE lives in reality here!

@traplover6357

5 жыл бұрын

Depends on your job and if it requires skilled labor or not. A minimum wage worker will not get an increase versus other jobs.

@charlotteroberts

4 жыл бұрын

Afraid this isn't going to work in plenty of places. We had a meeting yesterday about hiring and one of the points that came up is that we will immediately discount a candidate if they ask for a stupid amount of money.

@DrewLSsix

2 жыл бұрын

@@MiaStar in the real world if you demand double they thank you for your time and show you the door, even in today's market that's not going to fly.

As an addition to the leasing point. Roommates are a bad idea in general if it means that you will be evicted if they miss rent. Its better to rent a single room out of a house with other tenants than to risk eviction and being left with bills for utilities that they wont pay. If you do have to move in with a roommate, try to make sure you know them. My friend moved in with a girl she met in her group home because she couldn't afford anything without a roommate. It was cheaper than any room rental. That girl left her with over 200 of unpaid utilities and got her evicted. She then moved in with a girl from school, and then realized that her new roommate was on meth. She had nowhere to go so she stayed until she called me at 2am and begged me to come pick her up. She took as much as she could and never went back for the rest.

@MiaStar

5 жыл бұрын

My worst roommates were ones I was friendly/friends with prior to living together, and the best roommates were the ones who were total strangers from Craigslist, MySpace, and Facebook. After 15 years I've learned never to live with someone I want to remain friends with!

@UNDERDOG18UNDERDOG18

5 ай бұрын

@@MiaStar I prefer never to live with anyone besides my husband and son. Roommates are unreliable.

I love that you do get personal in the videos, all while teaching us a lesson

Love #7. That is a maturity thing. Although, as someone raised by parents born in the early 1920's, at 51, my 13 year old daughter's first stop when in need of clothes is the local hospital auxiliary shop... Yes, second hand. She understands that money saved in one area opens up money to be spent in another.

"Even if you have to stay with parents a little longer, wait until you cam do so legally." Good idea. Not always possible.

One of your best yet. Thank you for your honesty. Pride goes before a fall. You are becoming wiser and wiser. I'm happy for you that you are learning life lessons so young. Life ebbs and flows. You are an inspiration. Keep up the good work!

This is one of the videos I've enjoyed the most so far from this channel. Thank you for putting so much of yourself out there to help others who might be in the same situation!

Thanks for being so open and vulnerable about all your situations!

I left a drunken, and abusive home at 17. I worked 3PT jobs, and lived in a van for the first 2 years of college. It was hard to survive then in 1981 ! I just don't know how the young do it now ! Good luck to youth ! May you find your way and be happy .

This was amazing. Took a lot of strength to share. I’m a male on the cusp of retirement and this still made a lot of sense

Dating a filthy rich guy is no easy task for any of us. I also had a abusive boyfriend with millions. Thanks for being so honest and these tips are so helpful. I have a huge spending problem but thank god ive saved more than the average American!!

asking for help: for those who might not have friends or family that they can talk money stuff with, the youtube personal finance community is amazing. there are also great facebook groups that offer lots of support. i am not personally a dave ramsey devotee but for folks who seriously struggle with overspending and racking up debt, his community is really great. thanks for a really good video. this is one of my faves!

Chelsea, this video is excellent! So many important points and lessons to learn. Thank you for making this! Young people desperately need this kind of education, so many are needlessly learning all of it the hard way if at all. The reason I look up to you is I have never done anything like moving out on my own and been in charge of all of my bills. I am extremely privileged still but almost to my detriment in the sense that I haven't gone through the process of becoming responsible for myself yet, and it still scares me. Even if you learned by making mistakes and suffering the consequences, not only have you realized where you went wrong but you are making it your life purpose to educate us, by opening up and being this vulnerable. I love that so much! So much respect for you Chelsea, you are awesome! There are countless people who go through what you went through and worse, but they don't ever learn from it. The fact that you did and made it your goal to help others be empowered by what you've learned, is so commendable! There is so much content KZread that is merely entertaining, while this is life changing stuff, you are truly making a difference. Thank you.

I started a savings to impress a girl and it completly changed my life.

Your channel is awesome. I'm a 57-year-old male, so not really in your demographic :) However, your stories and advice are completely relatable.

Thank you for talking honestly and clearly about financial abuse. That took guts, and will help a lot of people.

The financial abuse, feeling helpless and the low self-esteem aspects are great points to why people end up in bad places financially. This has definitely inspired me as a topic that I need to cover on my webpage.

do you think your parents making you save all your paychecks while growing up contributed to your overspending once you turned 18?

@vcr6854

5 жыл бұрын

Crystal Gong this is something I was wondering too

@whativerealized8943

5 жыл бұрын

I guess it did, but i think the blame lies more on the kid than the parent, because they did let her spend 25% (probably on fun stuff since parents pay the rent, utilities, and clothing), and didn’t force her to give it all up. If parents dont teach the concept of saving to their kids, it’s much worse, because saving is learned behavior, it’s more important for a child to learn self control and how to think long term than spend money on useless things.

@user-uq3ow1ix4f

5 жыл бұрын

I wondered that too. I remember I made $400 on my first paycheck working retail when I was 16. I spent the whole paycheck in like a week. I don't even remember what I spent it on. Im glad I did that young thought because literally after that first paycheck I learned how long it took me to earn it and how little time it took me to spend it and ever since then I always save and really think about each purchase I make. I'm glad I made that mistake when I was 16 living with my parents and had no bills instead of my 20s.

@ahoardersheart

5 жыл бұрын

I’m going to guess it contributed towards it. She could finally spend that money after all those years. Maybe saving 25% of the check and let her decide how to spend 75% she would have learned more self-control. Then again, when you’re that young...most of us blow through all our money! I’ll teach my boys more self control when coming to money...hopefully that will help!

@MariposaRedimida

5 жыл бұрын

Parents must have been beyond disappointed but super proud now! I'm actually really impressed with the level of growth she has developed in around 5, 7 years? It really sounds like an addiction recovery, it's just day and night!

You are so smart with these tips!!🙌 Using experts where you need to is such a good reminder especially if you have so many other strategic priorities. 💗

i appreicate all your videos, but this has to be my favorite. thanks for being honest and candid; its going to help a lot of people!

This is amazing Chelsea! Financial literacy is so important, thank you for making me feel like I can take control of my own life and finances.Everything you put on this channel is so valuable and accessible, thank you so much for that.

Thank you so much Chelsea.

I’d love a Chelsea video on speaking confidently/public speaking. She has a really nice voice and always seems so natural on camera.

This made me feel a whole lot better about my financial journey. I’m 33 now and I have definitely neglected my credit history in my 20s, dated an emotionally abusive jerk, and struggled to save money. Thank you for sharing!!! This was a great piece.

I recently broke up with an ex who was also very financially abusive. They may have argued that it had been the other way around where I was financially abusive- a moocher, a leech, etc. I was never interested in them for their money but their personality which I now see unattractive and abusive. I haven't spoken about the financially abusive power dynamic in my perosnal life frankly for the reason that I felt alone in my circumstance. I wish neither of us would have experienced that and that no one else does however already having gone through it I am glad we can be here to support and empathise with each other regarding the difficult and confusing circumstances. All my love and gratitude to you, Chelsea!

I like you. Transparent

Thank you so much for sharing these parts of your past and personal life. You're a motivation to so many, myself included!

Unfortunately, I was in a position that I had to move out before I was ready. And that set me up for a bunch of financial shit that I'm still trying to get out of, 16 years later. I was SO poor for so long, that when I finally did start making money, I had no idea how to save it. It was like a starving person going to an all you can eat buffet. This was exacerbated by the fact that I grew up in an abusive household, where any time I needed money for something for school or whatever, it was a huge deal and set me up for always feeling like I never had enough. I'm still trying to change my headspace around money, but it's so hard. I'm trying to buy a house now, and it's such an eye opening experience into how much I fucked up my financial life.

Omg you have such a fascinating financial history. Financial abuse needs to be recognized as more of a thing. Thank you for sharing!

I think It is important to create a split agreement before sharing your assets with someone. Thanks for sharing your experience.

Super excited to see a copy of Dominion on your shelf! Not a huge fan of Tokaido and Catan, but squeeing because you're a fellow board gamer, Chelsea!

Thank you for being so honest about subjects that sometimes suck to talk about. I was in a relationship where he controlled all the money for our family. Ultimately I left with nothing and it was a very scary situation. Now I am building my credit and slowly getting a savings going. I love watching your show for advice and the reminder that I am not alone

Thank you for being so honest about being a financial hot mess. There's so much shame about making these mistakes and you always inspire me to be more open and honest about my mess--which makes it possible to actually fix!

You’re like the irl version of Rebecca Bloomwood from Confessions of a Shopaholic 😂 growing up poor in a rich city and embarrassed that your mom would shop at Marshall’s, suffering from crippling debt and shopping to fill a void in your life to becoming an actual finance blogger and giving people financial advice from personal experience, it’s exactly like the movie! Anyway love the channel you’re a whole inspiration 💕

I needed this. Thank you for being absolutely unsugared and unfiltered. Fan gained.

This is absolutely brilliant and thank you for offering such intelligent advice from your personal perspective. Asking for help can be the biggest hurdle to overcome.

By far my favorite video by TFD. I was such a financial mess filled with shame and guilt over my debt, and I don't recall how I stumbled upon this channel, but it literally relieved me of that burden. I appreciate the honesty and relatability of these videos by TFD.

Amazing video!! Lots of things we never talk about, like financially abusive relationships and “things because you dislike yourself”!

Could you do a video on "how much can you afford to give to charity?" I never really know :(

thanks for sharing all of this! i never negotiate even though i should i am just bad at it and get scared

@Just-me233

5 жыл бұрын

Don't be heres a example you sell your car you put a Sale sign on it with a number or in front of your home when someone comes by you always always price it higher and keep a price in your head you really want with it then when a person comes it go like this Buyer whats the price 2000 he say can you take 1800 then you say 1900 then he counter it but to be fair on it stop when you get to your price point smile and say deal or what not it's done both are happy

I love doing my taxes myself. There are so many resources that help you with a lots of tips and tricks. I use a software and I don’t think I am missing any points, I feel secure. I hate that we frame taxes as something sooo complicated. It should be manageable for every adult. You can ask for help one time to learn and understand, but the next year, you basically just copy&paste!

Thank you for all you do. It open my eyes. I will be turning 63 and I am having a blast budgeting. Who knew. I am able to save, give and spend. Thank you again

My worst financial mistakes: 1. Spending 14k in less than 3 months 2. Not making consistent payments on my credit cards, and letting the balances build up as I continued to spend more. 3. Spending whenever I felt inadequate and anxious. 4. Putting off therapy for an entire month because I wanted to wait until I was out of debt.

I just want to say... this is the most heartfelt TFD video I've ever watched. Period. Not even close to the other ones. Thank you, Chelsea.

This is really good. Thanks for bridging the financial literacy gap in women :))) I love seeing women supporting women. I also outsourced my taxes this year and oh goodness, it was worth it for the stress reduction alone! I’ve made a lot of financial changes this year and I love the progress made so far! I actually enjoy saving more than spending. I always thought I’d be happier if I had that dyson hair dryer (and I am), but now I’m even more happier achieving my financial goals!

I can totally understand the buy expensive clothing and go to restaurants to keep up with wealthier friends despite not being able to truly afford it, it's a difficult existence especially when you are young and want to fit in and not miss out.

Chelsea, this video is sooooo different from your post on 1/22 (I dubbed it the 8 Financial Realities of Victimhood). I know you realized your started every "worst decision" thought in this vid with "I". I'm a tail end boomer and it took me a couple of decades to learn how money works and that I am in control of my destiny. You've learned a lot young lady at an early age. Make sure you keep in mind that regardless of the social-political-economic realities that may exist for you and your listeners, each or us are responsible for our own destiny. Your parents were right to show you the utter need for saving (they are boomers as well). I'm a new sub and working through your vids to see what TFD is about.

Thank you SO much for touching on financial abuse! It’s such an important topic that a lot of folks have never heard is (myself included until about 3 years ago). Any chance of a video just about that?

Vulnerability is strength and I know you just help alot of your followers feel like someone is who's been there is walking with us

Your honesty and candidness are refreshing and I appreciate your selflessness in putting all that out there. Not to mention, I have a real hot mess past myself so you're not alone!

I suffered from financial abuse too. We shared an account and he couldn’t earn as much as me. He was basically being sweet and asking for help, promising to pay me back after college. Needless to say that he showed his toxic and narcissistic traits more and more in the course of the years and I split up him him 7 years later and he even stole my cash then…

Thank you so much for your transparency! It's very encouraging to know that I can redeem myself from the mistakes that I have made in the past.

Dating financially abusive ppl is the worst. I think a lot of ppl can relate to this. I had the opposite issue as Chelsea and dated broke men, I can’t imagine how awful it would feel to date someone with money and still having to pay for everything. I was scarred from dating for years bc I’ve been finically abused in every relationship. I paid for everything making less than 40k a year in every relationship, each one left me in debt. I realized I had low self esteem and was attracted to losers looking for moms/financial help instead of looking for love and partnership. I completely stopped dating and worked on myself.

You're an real inspiration. We need more strong women like you who are not ashamed to be open about their mistakes.

Thanks for sharing and being so honest about your experience! Very helpful 💕

This episode was so real! I’m so glad you were open about your mistakes… people like to hide them. I was once detained at an international border for weeks because I was lazy about renewing my visa and as a twenty something backpacker thought I would just have to pay a fine and I’d be on my way. Big mistake, illegal shit is expensive

I think your early views in savings and relationships, is SO common!!! My parents told me to save, how torturous saving was: but they fogort to explain why or for what. Equally, my relationships were just as bad as yours, I was told that time to read a person was what it took. I was in my late thirties when I learnt about toxic dangerous people, who can hide their dark sides for as long as it takes! I knew nothing about handling money and spent every available cent, I dated trolls,and serverely destroyed my credit score.

Thank you for being so candid about this, I was in an abusive relationship between age 17 and 19 and literally e v e r y penny I had for those 18 months went on him. He made it seem like he was barely getting by and his family were struggling, so I had to pay for everything for him, and he never spent more than £10 on presents for Christmas or birthdays (not important obvs but the thought wasn't there either) yet his family all had good jobs and constantly had the kitchen stocked. I wasn't even allowed to eat in his house without permission because they were supposedly "barely affording food". Nothing added up. I'm finally at university with literally no savings, having paid for him AND my own rent to my parents, and I could've been here with a good thousand or so if he hadn't been in my life. It's been a year and I'm only just picking myself back up from it financially.

Powerful video and important message. So glad you pulled yourself out of these situations and learned life lessons you'll never forget. Get out there and continue to kick @&%.

A breath of fresh air so honest and down to earth

Fantastic video! Also wanted to add a tip about asking for a raise (as a biz owner myself) - as an employee, ask yourself what your contribution is to the company. Do you bring in more sales? Do you boost the company morale? Do you reduce waste? If you can point out a few things that you contribute to the organization, your odds of a raise will be better. If you can’t think of anything, what benefit can you provide? Or is there a job that you’d enjoy more or has more opportunities?

i was also arrested for driving with a suspended license so heres a PSA that in the state of ga if you are going 15 mph thats a superspeeder and you will need to pay an additional fine that comes in the mail, if you dont receive it you better go and find it.

This is your best video so far. I find the mistakes to avoid way more instructive than right things to do. Thank you for sharing and keep up the great work Chelsea!

I'm actually impressed with how informative this video was. wow. congrats for doing such a great job

Thank you for being honest about all of your decisions, as well as your previous experience with financial abuse. I did not realize until accumulating additional financial challenges how much of an impact both emotional AND financial abuse had in my previous relationship. I just started recovering from that negative experience and all of your videos have been immensely beneficial!

I love long videos! Hope for more!

The negotiation portion of the video was really on point! A video on HOW to negotiate would be great.

Wow this is an excellent video. Thank you for being so transparent. I have been watching your channel for a while now but have not yet seen this. Your mistakes were me! I remember every week dropping wads of cash off to one of my best friends who was amazing with money and that was the first time in my adult life I had ever learned to save (I was 24!). I lived from week to week for a long time but have not hit the red line for quite a while now. I grew up in a lower working class family and I totally relate to your story. Money to me was something to spend and I always tried to hide my self-perceived inadequacy by buying things - clothes I couldn’t afford, expensive dinners, this round’s on me! Etc. Then I noticed that the people who could actually afford to pay for such luxuries didn’t feel the need to, they weren’t trying to prove anything. Ouch.

that is so crazy in Mexico if he doesn't pay (that not only would be so weird ) is look down in society, he does have to take you to a super fancy place if he cant afford that but he for sure has to pay (I wouldn't mind to pay if he is having trouble with money because I am a student, but he for sure has to let me know)

@zecekobold2140

5 жыл бұрын

It's normal for guys to either want to pay, or to split the bill for fairness. The guy she talks about is a psychopath.

Thank you for this refreshingly honest video and for sharing your experiences! I'm so glad you got out of that abusive relationship. For the first point you brought up, for me living at home longer was not an option. My adoptive mother was a manipulative , abusive alcoholic. I went away to college at 17 and only stayed home during summers and winters, in which I was made to pay rent, making it hard to save even with working. As soon as I was 21 I had a full time job and my own apartment. Financially it makes sense to stay at home longer but I tell my story just to share that for some people it's just not an option, and I know I wasn't the only one out of my friends who also had to go out on their own right away.

I find having 3 months of expenses as savings as too low. I would suggest at least one year of expenses as a savings. Due to some huge purchaches I'm currently around 8 months amount and feel quite insecure anyway. I think 3 months is okay if the economy is running well and you are quite skilled to be able to find a job easily. But it will probably not be enough for times during economy downturn especially for non professionals who will be the first to let go.

I never comment, but thank you so much for being so honest and open. It’s helped me be honest with friends about money during conversations and I have no doubt that the financial abuse part might hit home for many and might be something that was needed to take a step towards leaving those relationships. It’s so important to be honest and to see that many of our habits start from adolescence, I wish I had learned so many of these things early on.

Thank you so much for making this!! It was super helpful and I appreciate your honesty and mostly how you dont let your past define you in limiting terms today! Love you to the entire TFD team

This is very different than the Dave Ramsey "FICO score=I love debt score". Of course the only pay for this advice anyone has to invest is time watching ads.

It's actually a bit of a relief to have a WOMAN discuss finance and money issues, especially in such an informative and honest way. Just discovered you, thanks for such for the video!

I just started watching TFD this year, and so far its amazing. Chelsea thanks for your honesty about your financial mistakes. ive made PLENTY of my own.Your channel helps me to look at my own situation and see where i can improve.

My worst decision was made when I was depressed. I thought buying things will fixed the problem. Thank goodness I’m better, but my financial situation is really bad. Getting better though.

My experience of going to an accountant is different from yours. We went to one who charged us $100 (real money back in the 80s) to confirm that I had in fact filled our tax forms out correctly. We went to another in the 90s who had us overpay our taxes by more than $5000 because he made weird assumptions about the restaurant we owned/operated at the time (e.g. that none of our money was at risk in that business). After I finally had to time to go through the paperwork and realized what had happened he promised to fix it on the next years' filing. He did, but that involved reams of paper and $1400. You need a secondary rule: make sure you understand your finances and what your accountant is doing.

This is the best TFD video I've watched thus far. Thanks for being so open and honest, Chelsea!

i just got rid of tons of stuff at home that for the past year or more were just taking space. some of it was old cloths that weren't being worn so that newer clothes can be hanged from the suitcase. i donated much of it to value village. i also got rid of shoes that didn't fit right. and some newer stuff from marshalls i just returned to them which they will take back even without a receipt for full retail.

My Target card was my 'rehab' credit card. It started with a 300 dollar limit, and as time went on they raised it. And I still use it years later - it's my oldest open card.

I respect her honesty. Rarely does someone make it public they made these types of mistakes.

These tips are so relatable! For the longest of time I did not have any savings. And a ton of debt. I worked on saving; and was able to save $25,000K in under 3 years on a entry salary. But, I still have/had debt. Working on that now.