Video není dostupné.
Omlouváme se.
Debt Confession: My Real-Life Financial Rollercoaster!
Vložit
- čas přidán 8. 12. 2023
- 🌟 Debt Confession: My Real-Life Financial Rollercoaster! 🌟
Hey, Lovelies! Join me, Mel from The Semi Sorted Life, as I spill the tea on my journey through the twists and turns of debt. No fancy numbers, just real talk about navigating life with a bit of financial baggage. As we gear up for the New Year, changes are in the air-more content, a 'No Buy' challenge, and a closer look at the Semi Sorted journey. Subscribe, hit that thumbs up, and let's dive into the beautiful chaos together. Because in The Semi Sorted Life, every financial step is a step toward a more sorted, more empowered version of ourselves. Ready for the ride? Hit that play button! 🎢💸✨ #DebtConfession #FinancialJourney #SemiSortedLife
Join this channel to get access to perks: / @mysemisortedlife
My Etsy Store: thesemisortedl...
IF YOU STRUGGLE WITH MENTAL HEALTH PLEASE CHECK THIS LINK OUT FOR COUNTRY SPECIFIC RESOURCES
🎬 Binge watch my most recent videos here bit.ly/32q1D16
Shout Me a Cuppa at - ko-fi.com/fort...
🎶Music in this video from : epidemicsound.com
💌 Letters and Cards Only
MG - The Semi Sorted Life
PO Box 79
Wyalla Plaza CPA QLD 4350
📦 For Parcels and Bigger Items
MG - The Semi Sorted Life
Parcel Locker 10006 39988
Grand Central Sc Shop 22
244-252 Margaret St
TOOWOOMBA CITY QLD 4350
--------------------------------------------------------------------------------------
DISCLOSURE: I often review or link to products & services I use and think you might find helpful. Wherever possible we use referral links, which means if you click one of the links in this video description and make a purchase we may receive a small commission or other compensation.
I am a big fan of Amazon, and many of the links to products/gear are links to those products on Amazon. I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com.au and related sites.
--------------------------------------------------------------------------------------
Other Affiliate Links:
Tubebuddy: www.tubebuddy....
-------------------------------------------------------------------------------------
*THIS CHANNEL IS FAMILY FRIENDLY BUT NOT MADE FOR KIDS*
The next update can be found here: czcams.com/video/_RJdbqNl2xU/video.html
Mel, I just want to let you know what an inspiration you been to me since I discovered you a few years ago - you were struggling with depression, but cleaning your house and getting on with things. An especially poignant moment from that video was you smiling through tears and gently bumping foreheads with your sweet elderly cat as you made your bed. I was going through a a bad patch myself and it was so healing to see someone love through the pain and keep moving forward. I “borrowed” a song from your video (“A Thousand Years” by Ten Towers) for a playlist I listen to when exercising. I was just at the gym today and that song came on and reminded me of you. Then, as I was leaving the gym, I got a notification of this latest video, and I just felt compelled to tell you about the positive influence you’ve had on my life. Thank you, Mel! 💓
Oh Susan. I can’t tell you how much your message has meant to me. From your mention of Nemo to bringing inspiration. I’m so so grateful for the people who have found me through this channel. I needed a reason to keep going and that’s what I was seeking by doing these videos this month - and here it is. If I can help another person through “a rough patch” by sharing my real life - then it’s soooo worth it. Thank-you thank-you thank-you. I feel like Nemo just gave me the head butt I needed to get going.
@@MySemiSortedLife 🤗 Cats always know, don't they? ❤
@@susanphillips4955 Nemo for sure did - and Comet might - but Star could legit care less about me. lol
Oh, and we were also deeply in debt and were following a strict plan for paying it off over four years. A year in, our house flooded during Hurricane Harvey in 2017. Flood insurance provided for reconstruction and refurnishing, but we chose to use the furniture money to pay off our debts instead. While I wouldn't recommend disaster as a strategy, I will say that sitting on the floor felt way better than sitting on a pile of bills!
Sounds crazy traumatic but at least something good came of it I guess. I wonder how that Cyclone up North is going.... *off to check*
Hi Mel, consolidating debt makes it so much easier and cheaper in the long run as you pay less interest. Getting rid of unnecessary credit cards also helps, I only have the Coles Mastercard now and the limit is only $500, good for emergencies but I can't overspend. You are doing good though, your debt is going down. It sounds like your children are going to love their xmas gifts!!!💝🎁 Thanks for sharing. 🥰 😘
Yeah - I think once we get down to a certain amount we will be able to consolidate debt - getting rid of the Audi will help too! I can't wait to be honest and really have begun to see the light at the end of the tunnel. I think March will be the month we apply.
Good to see your sorting your debts as so many people hide their head in the sand . I do not have any now as the house is paid off and got rid of my overdraft with the bank , Never had a credit card but did stupidly have a doorstep loan and bank loan in the past. Never again as it caused so much stress .x
Thank you so much for your support and encouragement! It means a lot to me. I'm glad to hear that you've managed to pay off your house and get rid of your overdraft. Your success is inspiring!
Keep up the good work!!
Thanks, will do!
Have you considered reading the barefoot investor? He suggests snowballing debts, pay off the smallest debt and then add that payment to the next smallest etc?
We are a family of 6 and had a lot of debt at one point, getting rid of the debt allowed us to save a deposit for our first home! Keep it up it will be worth it in the end 😊
I actually have read his books a few times, but you know what? But, not since I’ve had a “real” job. Thanks for the reminder.
Thanks for sharing.
Thanks for watching!
I wouldn't consolidate the latitude or zip. Why would you move the 0% interest things to a higher interest thing? I agree that consolidation, with one fortnightly payment, is mentally easier than 12 different payments.
I totally understand the going buck wild when your income increases. I did the same thing when I went from living on student payments to getting my first time job. Had to rein it in!!
The feeling when you pay it off, and those fortnightly payments can go into savings, is an awesome feeling. Then, you can walk into apple and buy an iPad in cash!
Yes - actually that makes good sense. Thanks for that suggestion. I need to tone it down now. I'm so glad you understand. x
Your doing great! You recognize it and your facing it with determination and honesty. Good for you girl!
Thanks - Different to every other time we've tried to claw ourselves out of debt in that we actually have the funds to do so now.
Im not sure I would consolidate -- unless you are going to close accounts when you do. I've moved debt around like this before and always run it back up if I don't close the now empty loans once complete!
Yeah - it's a risk - we would for sure cut up the credit cards if we consildated them - we don't use them now to be honest.
Well done! Heading in the right direction!
Thanks heaps - how are you creating, watching and commenting?? You must be super woman!!
We have a type of afterpay, that is buy now pay in 30 days, somthat you can buy something but pay when money comes f ex. Anything else is seen as ” credit/loans” here.
Afterpay has a negative impact on our credit - more so the other credit... weird huh? But - it's all good. I'll get there. x
You seem to have a good understanding of how this all came to be.
As a dutchie i can not grasp the concept of this many loans. We have a mortgage 150000 for a 290000 house.
We had a small loan for solarpanels for which we paid 200 euro that is partially free cause we are allowed to put it on a certain list when doing our yearly taxreport. It has a 0% interest and we always had the money we owed in a savings.
We both had studentloans at 0% interest and we paid them of in 5 years.
We have a creditcard but we use it rarely. Just for a car on a holiday or a store we can not pay different. We also make full payments before the daya interest is added. We use it more as a debitcard. If we do not have the money we can not buy it.
It's interesting to see how different countries have different financial systems and approaches to loans. Thanks for sharing your perspective!
You are doing great this month! My November was a dumpster fire this year, between all the Christmas stuff and unexpected vet bills, and its just a mess.
OMG, I feel you! November can be a total mess, but hang in there. Hopefully, December will bring better days and fewer vet bills. Stay strong!
@@MySemiSortedLife need to schedule the follow up either this week or next. Lol.
Nice work! Well done. Setting yourself up nicely for the Christmas period and new school fees in the New Year, which will make it go up a little, I guess, but so long as you keep the strategies it'll soon enough be going down again. 😊
Afterpay will likely go up - but none of the others should. Afterpay is the only credit I allow myself to use at this stage.
Mel you have minimised your debt since the last update, even if you have added to it. So lets celebrate, thats huge.
This tine of year is hard to cute back when you have kids i totally get it and even harder when the cost of living is going up. Have you considered some local food gampera to help and use that money towarda the debt?
Consolidation is definitely a great idea and doesnt cost you anything to talk to someone to see qhat your options are? Possibly your bank for a loan to cover all debt in one amount.
Yes... and when I consider I've paid for a school camp, extra expenses related to senior shirts, Maeve's 16th (and learners) and other things with cash - and without adding to the debt - it's actually better than the numbers on the paper. I probably wouldn't get hampers to be honest - we are extremely "well off" compared to so many others right now and I would feel terrible to think that I might take something from another. You've actually given me the idea that perhaps I can pop into one of those hamper places that charge a minimal fee and pay for 1 or 2 for someone else. That would satisfy my spending urges too to be honest and at least it would be helpful. If I'm gonna spend - it may as well help others! In terms of a consolidation loan - I want to clean up my spending some more and will apply for one around March 2024 I'm thinking....fingers crossed.
Hey Mel
It’s your favourite Adelaidian 😂
I just wanted to say well done
You are doing an amazing job with your debt
Wonderful effort
Your doing brilliant
Take care mate ❤
Donna 😊
Hey Donna, thanks for the love! I'm just trying to keep my debt in check so I can splurge on some avocado toast once in a while!
good that your debt is going down. a no spend month each month that is going to help you i think. because spending is your problem. i hope for you all the best. being debt free is the best thing ever. it gifs you so much freedom. big hug Ellen.
Yes I agree - spending is the problem. I never realised it before I actually had money to spend. lol
@@MySemiSortedLife it is great that you now that. then you can make the change.
And lets acknowledge how awesome it is your electricity is in credit and the other one yay
Right? I've prioritised those bills to be honest and got it to a more manageable bill... can't skip one though - it's gets out of hand really quickly.
Good job!
Thank you! Cheers!
We were doing so well with our debt then fell off about a month or so ago so now it’s become a new year’s problem to deal with.
Be kind to yourself - we didn't get in to debt overnight - or even over a month or two... it will take time to break bad habits. x
@@MySemiSortedLife for me the hardest part isn't have the debt or paying with credit etc. For me it having the money available to pay our credit cards off but its sitting in our 6 months ahead bills binder and emergency fund etc.
Good job, Mel. It took us 4 years to pay 20.000 € in credit card depts, so there is hope! If we could do it, you can, too.
Thanks Martina. We *can* do this. I’ve just gotta get smart.
@@MySemiSortedLife , but you are smart! It took us a debilitating stroke ( my husband) to figure out, we don't need all this stuff, we thought we needed. Still decluttering, but everything that leaves the house ( most being donated) is so relieving and not replacing it just gives us air to breathe.
Thank you so much for your kind words! I'm glad to hear that decluttering has had such a positive impact on your life. Keep up the great work!
May I ask who you went with for the car loan? We are looking at a car loan soon, our Holden Cruze is a lemon and on its way out….
Did you want to message me on Insta - I'm happy to answer there.....
You have done a good job to get so much payed off, and if you didn't have the lemon car you would be so much better off but it's difficult when you need the transport for work but it's costing so much. ❤
Here's the worst part about the Audi... we are not even using the Audi - it is literally collecting dust... it is unregistered - but we can't sell it until the loan is down enough to make it unsecured. It will be ok though - we will get there.
@@MySemiSortedLifeouch that's such a bummer, ❤
You have nice penmanship.
Naw thanks. Someone else said that this week too. I think it’s messy. 😂