@ I’ve been holding off for things to hit sales… by which time I’ve lost interest in a few, a few are on streaming and no longer want to own. The rest I pick up at a fraction of the price. Waiting for that criterion sale to hit tomorrow with a little stash of cash at the ready.
@@PhillwithadoubleL I'm finding it hard to justify the prices of a lot of new releases everything ends up in 2 for £30 after a month, Is that an American sale? I rarely import . . . .
Setting yourself a limit on what you spend on your hobbies is always a good shout regardless of whether you're using credit or not. You can probably live without the latest release. Especially if you need to prioritise other things
@@AlexGreat321 absolutely. There are some months which certainly weigh heavier with releases than others. I think December this year is looked pretty packed out in terms of new releases AND re releases of older titles in 4k or steelbook form. It’s easy to just go crazy all at once if you don’t budget or think about things a little. I’ve held off so many titles and this year, I’m kinda ready for those Black Friday and pre Christmas sales more than the new releases
@@PhillwithadoubleL or in my case sometimes decades i wait for the then not so greatest and latest some movies i am round 5 or 7 years behind in watching
If you don't have self control it can be pretty addictive. I think a lot of collectors just collect because of the fear of missing out, not because they like the movie.
@@pietroscarpa2384 that fear drives a lot of purchases. I’ve seen folks posting today that they stayed up until midnight to pre order those new Disney+ show steelbooks. Not only spending a premium for these ‘limited’ titles but also spending the time to be available to order them. We’re going to be seeing some crazy behaviours through the Black Friday sales too. That fear of missing a bargain again pushing us to spend more than we possibly intend.
@@bestofboastworlds1883 Black Friday is hard. So many things that hit those Fear of Missing Out buttons when they’re on offer. There will be a new video coming up with tips to try and avoid that over spend during the Black Friday sales !
@@cyphersigma1 cheers Chris. Funny old thing debt can be. Even if you see the problem, you can’t always face it. Admission… when I had cards. For a long while I had direct debit set up for the payments. I ignored the balance, kept using the card and not paying attention to that monthly payment. By the time I checked, they upped my credit limit more than once because I maintained that monthly minimum. The balance ended up being way more than I imagined. Silly silly mistake.
@@jeremycarr3448 thanks Jeremy. I know it’s a little different from the normal video but felt like it was a subject to try and weigh in on a little bit
Yeah I watched Sue’s videos about her credit card debt. I watched her channel for a long time but recently unsubscribed. She got upset with me when I called her out for breaking her buying freeze commitment. She turned in $500 worth of movies and took store credit instead of taking the cash to help pay her debts. I am sorry but that is spending when you refuse money and trade for more movies instead.
@@mediamadness969 I think I saw that video earlier too. I didn’t originally think she was going to let any of her collection go with what she said in a previous video. Personally, in this situation and the realisation of the debt I think I’d have taken the cash to help pay things down. Having store credit kinda just retains that spending habit for a little while longer rather than trying to stop it. But… at least she wasn’t spending more credit this time around. She did a re ent video with some new pick ups from pre orders that were made before the ‘buying freeze’ honestly was surprised she didn’t cancel some of these. Especially when she double dipped on the pricey Deadpool& Wolverine steelbooks. Really just the proof that these habits are hard to break. Some very deep rooted habits and addictions at play. I hope she can get on top of things but would like to see her reach out for some help with dealing with the addiction.
@@thebattcave5851 I think it’s important to share. Good to share experiences and let others know they’re not alone. I think the debt issues can be a very solitary thing to have to try and deal with, want to let other know that there are options and things that can be done. I just hope this little video can at least help someone.
Honestly, I feel sorry for people that find themselves in this position, I can see how easy it would be to do. I’m more in danger of doing this with retro gaming, but I’ve never had a credit card for this reason. After mortgage and bills and food expenses I have a set amount I save every month, anything left over I use to buy my gaming stuff. On occasion I have used PayPal credit to pay for a big item (which I could actually afford outright but didn’t fancy the huge outlay all at once) but I’ve got a rule about only having one thing at once on that and nothing else until it’s paid off (usually I get rid of the debt in 2 months or so with early payments) it’s a slippery slope, good warning video l.
@@Dessan01 I’ve done it before with Amazon credit in a similar way. Just the spread the cost out for a bigger outlay item. Making sure there’s only one thing running in that way at a time. The thing that doesn’t really help is the marketing of some items. Those frequent limited editions or rare items causing FOMO and pushing to ‘needing’ to order those things. It’s a slippery slope. I’ve seen that some of the retro games can get mighty expensive too. I see the temptation with those completely
@@PhillwithadoubleL Yeah I must admit I like my Blu Rays and 4Ks but I see these boutique labels as a bit of a rip-off; usually charging £60 for some fancy packaging when an older version of the same film can be got for £5.00 second hand (albeit maybe not as higher quality restoration). If it’s a film I really love I’ll buy the boutique copy, but I certainly don’t need every new release from there places each month costing £100’s. Gaming has boutique labels too such as Limited Run - they literally charge £100 for a game which can be got digitally for £10 or less 😂 and there is a pre-order time of something like 2 years.
I dont even actually have a credit card so thankfully ive never amassed a debt of any kind and as impulse as my blu ray addiction is thank jesus for that. I have my blu ray budget and once thats spent i might sell some stuff from around the house that is just collecting dust and im willing to part with, i also live in a fairly large apartment complex with a dozen dumpsters and if im lucky people just throw away electronics and ect. that i can then sell for my blu ray addiction.
@@RidleyCinema credit cards can be a dangerous game. Easy to spend without particularly thinking about it. Thankfully I learned from my experiences and with also working in finance. Learnt a lot about debt & credit. I don’t massively budget but i am more careful in considering what I’m buying and why now. If you can flip items for a bit of cash or profit then it’s a great way to build those finances for further purchases
@@josephb8268 unfortunately true. So easy to use card instead of cash. Especially now with being able to use your phone as a card. Easier to tap and run than wait for change.
Hi Phill Yes, something like that can quickly get out of control, especially if you want to keep up with other TH-camrs, but is it worth getting into a mountain of debt? I say clearly no, even if it's easier than ever these days to buy something with just one click, but in the end you should try to ensure that this hobby doesn't become a nightmare where you end up losing everything. The hobby is a blessing and a curse at the same time, you just have to find the balance in the middle.
@@Horror_Collector4Life one thing i promised myself when starting TH-cam is that I wouldn’t go down the path of buying ‘stuff’ just to be able to get content out of it. Spending credit is a very easy and addictive thing to fall in to. I now try to avoid if I can. Now, credit is only used for those things which aren’t every day purchases, the bigger kinda items. Although, I’ll possibly use credit for the channel at some point… I’m just timing it out well and making sure the pick ups are well considered and needed. It will be for more behind the scenes things like cameras or lenses etc etc
Years ago we had a couple of store credit cards and got into some debt We paid of the cards and cut them up and we have never gotten another credit card
@@JohnDoe-bz4yl the stores were / are a pain with the credit cards offers. Give you a discount to apply for the store card. Massively dislike that approach they made to credit lending. Completely understand how many got carried away with applying for these cards and then spending on them. Glad you managed to get them cleared.
I only use credit for something I could not afford like a medical bill, car repair or another emergency. I would never dream of swiping a credit card for a movie or non essential.
@@Wally_stad that’s the only sort of things I’d use credit for now. Not the day to day, just the bigger things that are kinda beyond a reasonable cost for within a months pay packet. They’re just too damn easy to use if you’re not careful.
Nice to hear that you’ve absolved some of your debt problems with a little more help from the creditors.Fortunately for me I’ve never owned a credit card before until a year or two later I was given one with a limited amount I can spend about 500 dollars 💵 to spend on important things like gas and groceries etc. I would spend occasionally on CDs and DVD/ Blu-rays and if I ever got way out of control my parents would yank it away from me since I’m a dependent and the earnings I make on my only full time job is not something to sneeze about. I hope you keep it up staying debt free 😊👍
@@lippmb78 I won’t be going down that path again. I’ve seen the problems it can cause. You do the right thing keeping a low limit Anthony. If there’s no reason to have it higher then it’s good to keep low.
Good to hear you don't have debt problems anymore. If used correctly with discipline credit cards can be used to help pay for large purchases using 0% Apr. But you need to be disciplined and repay each month otherwise it can get out of control. I've never experienced debt issues and don't intend to. But things happen in life that can cause people to get into debt easily. But at least help is out there. Burying problems away is the worst thing that can be done. Tackle the issue head on and there is always a way to reduce the debt.
@@MattVs_Movies that’s the only way I use credit now. Not the smaller purchases. The big things that often outweigh the ability to pay from a monthly pay packet that you don’t have savings for. There are things that come up and it is very easy to get into a bit of a pickle. Like you say, it’s just a matter of facing the situation and if needed, reaching out to the right people. I’ve worked in finance for a number of years so quite aware at how widespread the issue of debt across multiple account can be.
![Ultimate Beginner's Guide to Credit Card Points in 2024 [Updated]](http://i.ytimg.com/vi/qu47ulGpHDo/mqdefault.jpg)
I like this original approach. "Debt collector" haha great,
@@alexbright7735 I was going to title it debt collector but wasn’t sure if that was quite right 😂
“We buy things we don't need with money we don't have to impress people we don't like.”
@@JungleJeffarnold what a quote 🙌🏼
So much truth in it.
Also, hearing that Fight Club might be getting a new release soon 🙌🏼
@@PhillwithadoubleL Put it on the card 😂
I used to have debt on cards years ago but these days if I haven't got the money I don't buy it
@ I’ve been holding off for things to hit sales… by which time I’ve lost interest in a few, a few are on streaming and no longer want to own. The rest I pick up at a fraction of the price.
Waiting for that criterion sale to hit tomorrow with a little stash of cash at the ready.
The only person you impress with your purchases is yourself. Nobody else is bothered what happens in your little universe!
@@PhillwithadoubleL I'm finding it hard to justify the prices of a lot of new releases everything ends up in 2 for £30 after a month,
Is that an American sale? I rarely import . . . .
Setting yourself a limit on what you spend on your hobbies is always a good shout regardless of whether you're using credit or not. You can probably live without the latest release. Especially if you need to prioritise other things
@@AlexGreat321 absolutely.
There are some months which certainly weigh heavier with releases than others.
I think December this year is looked pretty packed out in terms of new releases AND re releases of older titles in 4k or steelbook form. It’s easy to just go crazy all at once if you don’t budget or think about things a little. I’ve held off so many titles and this year, I’m kinda ready for those Black Friday and pre Christmas sales more than the new releases
@@PhillwithadoubleL or in my case sometimes decades i wait for the then not so greatest and latest some movies i am round 5 or 7 years behind in watching
@ still a new movie to you though !
One of the things I do is send money weekly to my amazon cash balance account and just purchase my movies that way so I don't go over board.
@ nice way of doing it. Especially if you’re able to watch it build up a little if there’s not been much out in previous months.
If you don't have self control it can be pretty addictive. I think a lot of collectors just collect because of the fear of missing out, not because they like the movie.
@@pietroscarpa2384 that fear drives a lot of purchases. I’ve seen folks posting today that they stayed up until midnight to pre order those new Disney+ show steelbooks. Not only spending a premium for these ‘limited’ titles but also spending the time to be available to order them.
We’re going to be seeing some crazy behaviours through the Black Friday sales too. That fear of missing a bargain again pushing us to spend more than we possibly intend.
Great upload 👌👌👌👌
@@HomeCinemaEnthusiast thank you 🙏🏼 just hope sharing this can help someone out there
Thanks for this video, a really thought-provoking summary. Gives me alot to think about as we head towards black friday...
@@bestofboastworlds1883 Black Friday is hard. So many things that hit those Fear of Missing Out buttons when they’re on offer. There will be a new video coming up with tips to try and avoid that over spend during the Black Friday sales !
Great video and tips. The sooner you see a problem the sooner you can fix it
@@cyphersigma1 cheers Chris. Funny old thing debt can be. Even if you see the problem, you can’t always face it.
Admission… when I had cards. For a long while I had direct debit set up for the payments. I ignored the balance, kept using the card and not paying attention to that monthly payment. By the time I checked, they upped my credit limit more than once because I maintained that monthly minimum. The balance ended up being way more than I imagined. Silly silly mistake.
@@PhillwithadoubleL well glad you got it sort. I have only one credit card but only use it for work trips aboard
great tips man!
@@thelastmoviestanding thanks man, I hope someone finds a little something helpful in there.
Great vid!
@@jeremycarr3448 thanks Jeremy. I know it’s a little different from the normal video but felt like it was a subject to try and weigh in on a little bit
@PhillwithadoubleL welcome. Different is good! Very informative and concise.
Yeah I watched Sue’s videos about her credit card debt.
I watched her channel for a long time but recently unsubscribed.
She got upset with me when I called her out for breaking her buying freeze commitment.
She turned in $500 worth of movies and took store credit instead of taking the cash to help pay her debts.
I am sorry but that is spending when you refuse money and trade for more movies instead.
@@mediamadness969 I think I saw that video earlier too. I didn’t originally think she was going to let any of her collection go with what she said in a previous video.
Personally, in this situation and the realisation of the debt I think I’d have taken the cash to help pay things down. Having store credit kinda just retains that spending habit for a little while longer rather than trying to stop it. But… at least she wasn’t spending more credit this time around.
She did a re ent video with some new pick ups from pre orders that were made before the ‘buying freeze’ honestly was surprised she didn’t cancel some of these. Especially when she double dipped on the pricey Deadpool& Wolverine steelbooks. Really just the proof that these habits are hard to break.
Some very deep rooted habits and addictions at play. I hope she can get on top of things but would like to see her reach out for some help with dealing with the addiction.
Who is sue I think the debt channel was movies&Karen
@ links in the description for Sue’s video. I’ve not seen the other one… yet
@
It is her recent hunting trip to Bullmoose with some other people who have you tube channels.
@@mediamadness969hey do you know which two content creators she called out for copying her?
Congratulations on your achievement 👌 you've obviously been on a journey. I have traveled a similar path & it's not easy.
Well done for sharing 🦇
@@thebattcave5851 I think it’s important to share. Good to share experiences and let others know they’re not alone. I think the debt issues can be a very solitary thing to have to try and deal with, want to let other know that there are options and things that can be done. I just hope this little video can at least help someone.
Great video👍
@@MUSICLOVER72 thank you 🙏🏼
Honestly, I feel sorry for people that find themselves in this position, I can see how easy it would be to do. I’m more in danger of doing this with retro gaming, but I’ve never had a credit card for this reason. After mortgage and bills and food expenses I have a set amount I save every month, anything left over I use to buy my gaming stuff. On occasion I have used PayPal credit to pay for a big item (which I could actually afford outright but didn’t fancy the huge outlay all at once) but I’ve got a rule about only having one thing at once on that and nothing else until it’s paid off (usually I get rid of the debt in 2 months or so with early payments) it’s a slippery slope, good warning video l.
@@Dessan01 I’ve done it before with Amazon credit in a similar way. Just the spread the cost out for a bigger outlay item. Making sure there’s only one thing running in that way at a time.
The thing that doesn’t really help is the marketing of some items. Those frequent limited editions or rare items causing FOMO and pushing to ‘needing’ to order those things. It’s a slippery slope.
I’ve seen that some of the retro games can get mighty expensive too. I see the temptation with those completely
@@PhillwithadoubleL Yeah I must admit I like my Blu Rays and 4Ks but I see these boutique labels as a bit of a rip-off; usually charging £60 for some fancy packaging when an older version of the same film can be got for £5.00 second hand (albeit maybe not as higher quality restoration). If it’s a film I really love I’ll buy the boutique copy, but I certainly don’t need every new release from there places each month costing £100’s. Gaming has boutique labels too such as Limited Run - they literally charge £100 for a game which can be got digitally for £10 or less 😂 and there is a pre-order time of something like 2 years.
I dont even actually have a credit card so thankfully ive never amassed a debt of any kind and as impulse as my blu ray addiction is thank jesus for that.
I have my blu ray budget and once thats spent i might sell some stuff from around the house that is just collecting dust and im willing to part with, i also live in a fairly large apartment complex with a dozen dumpsters and if im lucky people just throw away electronics and ect. that i can then sell for my blu ray addiction.
@@RidleyCinema credit cards can be a dangerous game. Easy to spend without particularly thinking about it.
Thankfully I learned from my experiences and with also working in finance. Learnt a lot about debt & credit.
I don’t massively budget but i am more careful in considering what I’m buying and why now. If you can flip items for a bit of cash or profit then it’s a great way to build those finances for further purchases
I personally hate credit cards. But unfortunately in the modern age we live in you can't live without at least one. 😮💨 Great video by the way. 🙂
@@josephb8268 unfortunately true. So easy to use card instead of cash. Especially now with being able to use your phone as a card. Easier to tap and run than wait for change.
Hi Phill
Yes, something like that can quickly get out of control, especially if you want to keep up with other TH-camrs, but is it worth getting into a mountain of debt? I say clearly no, even if it's easier than ever these days to buy something with just one click, but in the end you should try to ensure that this hobby doesn't become a nightmare where you end up losing everything.
The hobby is a blessing and a curse at the same time, you just have to find the balance in the middle.
@@Horror_Collector4Life one thing i promised myself when starting TH-cam is that I wouldn’t go down the path of buying ‘stuff’ just to be able to get content out of it.
Spending credit is a very easy and addictive thing to fall in to. I now try to avoid if I can. Now, credit is only used for those things which aren’t every day purchases, the bigger kinda items. Although, I’ll possibly use credit for the channel at some point… I’m just timing it out well and making sure the pick ups are well considered and needed. It will be for more behind the scenes things like cameras or lenses etc etc
Years ago we had a couple of store credit cards and got into some debt
We paid of the cards and cut them up and we have never gotten another credit card
@@JohnDoe-bz4yl the stores were / are a pain with the credit cards offers. Give you a discount to apply for the store card. Massively dislike that approach they made to credit lending.
Completely understand how many got carried away with applying for these cards and then spending on them. Glad you managed to get them cleared.
I only use credit for something I could not afford like a medical bill, car repair or another emergency. I would never dream of swiping a credit card for a movie or non essential.
@@Wally_stad that’s the only sort of things I’d use credit for now. Not the day to day, just the bigger things that are kinda beyond a reasonable cost for within a months pay packet.
They’re just too damn easy to use if you’re not careful.
Nice to hear that you’ve absolved some of your debt problems with a little more help from the creditors.Fortunately for me I’ve never owned a credit card before until a year or two later I was given one with a limited amount I can spend about 500 dollars 💵 to spend on important things like gas and groceries etc. I would spend occasionally on CDs and DVD/ Blu-rays and if I ever got way out of control my parents would yank it away from me since I’m a dependent and the earnings I make on my only full time job is not something to sneeze about. I hope you keep it up staying debt free 😊👍
@@lippmb78 I won’t be going down that path again. I’ve seen the problems it can cause.
You do the right thing keeping a low limit Anthony. If there’s no reason to have it higher then it’s good to keep low.
Good to hear you don't have debt problems anymore. If used correctly with discipline credit cards can be used to help pay for large purchases using 0% Apr. But you need to be disciplined and repay each month otherwise it can get out of control. I've never experienced debt issues and don't intend to. But things happen in life that can cause people to get into debt easily. But at least help is out there. Burying problems away is the worst thing that can be done. Tackle the issue head on and there is always a way to reduce the debt.
@@MattVs_Movies that’s the only way I use credit now. Not the smaller purchases. The big things that often outweigh the ability to pay from a monthly pay packet that you don’t have savings for.
There are things that come up and it is very easy to get into a bit of a pickle. Like you say, it’s just a matter of facing the situation and if needed, reaching out to the right people.
I’ve worked in finance for a number of years so quite aware at how widespread the issue of debt across multiple account can be.
Great video 🙂👍
@@tigerblue42 thanks buddy. Just hope a few of the tips can help someone out there