Opening Up About My Student Loans and Credit Card Debt
ฝัง
- เผยแพร่เมื่อ 5 มี.ค. 2019
- Check out today's sponsor, Surfshark! surfshark.com/tiffany . Use code TIFFANY for 83% off a two-year plan (pay only $1.99/month!) /// today I'm discussing my income and my DEBT. I am SCARED to post this but I hope it's helpful in some way.
#debtpayoff #studentloans #debt
I am opening up a conversation about student loans and credit card debt. Especially as a young person, we don't often have transparency with our peers, which makes it really hard to learn about personal finance and responsible money habits. Also it's so stressful to be in debt and think you're alone! This is the beginning of my budgeting / debt payoff journey, so I hope you guys are interesting in following along as I try to pay off my debt as quickly as possible!
I also discussed a bit about my income, especially since becoming a full-time TH-camr.
Check out Aja Dang's channel for her debt payoff videos -
/ ajabdang
I also recommend The Financial Diet for great personal finance videos from a female perspective - / @thefinancialdiet
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Hello my dudes! My name is Tiffany Ferguson. I’m a 23 year old sharing my thoughts and life experiences. Here on Tiffanyferg, recently I've been working on my Internet Analysis series, where I research and share some commentary about online trends. I also occasionally talk about my experiences with college, traveling, study abroad, veganism, and other young-adult tings.
Business Inquiries: tiffanyfergusonbiz (@) gmail (.) com
FTC: This video is sponsored by Surfshark. Links with * are affiliate, meaning I am compensated monetarily if you join or make a purchase. - ตลก
Also here's to making talking about money normal.
marimarimar it’s also not abnormal to be personal or private with your finances
@@nicotinedietcoke It *is* the norm to be personal or private with one's finances, and while that's not inherently bad, there shouldn't be such a stigma surrounding talking about money.
Also I NEVER understood why audiences have issues with sponsors. Like dude you’re getting free content and these videos take a f ton of time to make haha. Be happy for a girl 💥
Nina S but these creators need to get paid and sponsor ships are usually like 30 seconds of the video. Just skip it.
Nina S while there certainly exist cases of creators abusing their platform, I think it is unfair to say that the majority of sponsors are irrelevant. I would argue that it is quite the opposite, actually: the majority of youtubers are conscious of what a privilege it is to have an audience and are thus highly sensitive to whether a potential sponsor would be a fit for their subscribers/channel. Anyone who is a TH-camr can tell you that the amount of work put in hardly ever equates to the money earned, so be happy that the person whose content you’re consuming (whether you’re watching it ‘out of boredom’ or not), is able to receive a little compensation for their hard work. Finally if an ad doesn’t interest you, simply skip over it 😉
@@npineapple3077 Of course people do buy it, why do you think companies spend so much money on that form of marketing? :D
The Purple Palace
I don't own or watch tv and part of the reason are irrelevant and irritating commercials.
Don't watch TH-cam much anymore because of them.
I own 700 shares of Google so can't complain.
Everyone watch TH-cam while I go backpacking in New Zealand for a few weeks.
Umm no. You cannot turn this around. There is so much content we can watch, we are choosing to watch this content. So you have an obligation to make it as high-quality as possible or risk losing viewership. Simple.
Hey girl, CONGRATS on sharing your story! With the support for your community, you'll be able to pay off your debt in no time! Also, don't listen to the haters (if there are any). Know they are just jealous of you for getting your life together.
Thank you so much for your role in normalizing these conversations online! You are an absolute icon for sharing your debt journey and being so transparent about your finances, it's so important.
Aja! I knew you were the reason this video popped on my feed! I've been a subscriber for awhile and I want to say thank you for opening this discussion! And for you Tiffany, you can do this! Im going to subscribe and see you pay of your debt! You got this!
I had 40k student loan and 8k credit card debt. I lived by myself so i had to pay rent and everything else. Took me 4 years to pay off. Not worth it imo. If your degree going to get u a 80k plus job then go for it. But don’t go to uni just because.
GIRL. My husband went to a private undergrad school and then went to law school. Just his debt alone is above $120,000. Incredibly daunting. I feel you.
Girl I feel you! My husband went to a private school and just his undergrad we have just over 100k in loans for him (plus 15k for me). Our monthly payments are now $950/month. And I'm pretty sure payments for my husband's loans are about to go up in August.
I'm from France and I pay 5,40€/year for university, and get 4770€/year from the government .. It baffles me how expensive american universities are .. Some loans are literally the price of an apartment
Good luck with your journey !
In Germany you have to pay around 300€ per semester but most of it is for the transportation ticket(usually for your federal state) you get with it.
@@suides4810 yes in France most students also pay around 200€/year for a bachelor degree and around 300€/year for a master degree, I happen to pay so few because I'm on governemental help program :)
I mean, it not like you are getting money for free lmao. You are paying it through your taxes. American colleges are exensive because of things like financial aid and gov backed debt. If colleges know the gov will give students money no matter what, they can spend money to "improve" their campuses and afford to raise the wages of the facility, which causes tuition to rise. America would be one of the cheapest nation's to get a degree if we got rid of gov subsidies, but this would mean getting rid of luxuries like campus gyms, which most people aren't willing to give up.
I'm french too and I paid nothing for graphic design master degree. All you may have to pay is cafeteria
@@painexotic3757 I never said I get it for free, I know it comes from taxes (just like my health insurance). Also we do have "luxuries" in our universities too, gyms (in my university I can have martial arts, swiming or dance lessons for free), huge campus, libraries... Judging by your explanations, it seems like the reason why universities are so expensive in the US is because they're managed like private businesses and not public services (as they should be). But I dont know shit about the US' university system so I'm only assuming
I’m 28 and my husband and I are starting to pay off our debt of $37,000 🙃 Dave Ramsey is awesome we are following his plan (the baby steps) to get out of debt.
that snowball method WORKS man fr 🙌
Lauren Carlton Dave Ramsey is amazing I love him!!
keecefly you don’t have to like him but the snowball method works!
Lauren Carlton I agree. I disagree with Ramsey’s political views, and sometimes he sounds so out of touch with reality. But it doesn’t stop me from following his financial advice.
You are 28???
$58,000 in debt in student loans here! And I didn't even finish school. This video has brought me some comfort haha. There's a lot to be said about young people (17-19 generally) falling victim to this college debt epidemic. As someone who started college at 17 I can say I didn't fully understand what I was getting myself into. Like you said, sure they try to explain it, but it's difficult for someone at that age to really comprehend the amount of money they'll end up owing. And they promise these high paying jobs to try to reel you in, but at the end of the day no one can really guarantee you that.
I think you should continue to touch on this topic in your videos. If I had seen this video when I was 17 getting ready to go to an expensive ass school, I would've thought twice. Keep the conversation going on this! I'm a newer subscriber who has been binge watching your videos recently, glad to know I'm helping you with the same struggles I face, as well as so many others! Good luck :)
i like to share a story when I met my bf he had over 23k in debt. 3k I cc debt from his ex. (He also had his ex's dog and worked with
his ex's mum)
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I remember as a young teen watching TV series from the US and being so scared to not be able to go to college because of money (we were 3 siblings and my family wasn't doing well financially). Then realising some years later that you don't have to go in debt to go to college in Europe was such a relieve... I feel really bad for people who have to go to debt just to study, the system has really failed you, things need to change.
Thank you so much for your honesty. You're not alone girl debt is scary
Occupation: Postdoctoral Fellow in Cancer Research
Salary: $47,800 per year
May 2016 Balance: $51,000
October 2019 Balance: $9,720
Earliest Zero Balance Date: July 1, 2020
Im so thankful for my parents and grandparents. They have worked so freakin hard for me. Im so lucky to know that'll I'll never have student loans or debt.
I’m glad to hear you’re appreciative!! This is a blessing and I’m happy for you :)
That's amazing! Shout out to them 👏
Hope you pass it on to your future kids...
@@lexisnyder4963 That's what it's all about
I seriously can't wrap my head around the fact that most people need to get in serious debt to acquire a 'basic' degree. It's so wrong that purely based on in what family you are born decides the chances of getting a comfortable life. It's so unfair, I mean the poor can't break their vicious circle unless they are very gifted and strong enough to pursue jobs next to their education. While dumb rich people can easily get a degree. Average poor people and average rich people should have equal opportunities. As a country, you cannot really call yourself a "free country" when your class determines your future so much. I agree that one should work hard to earn a degree, but that can be purely academic, it shouldn't be working multiple jobs and starting off your life with huge piles of debt or even not studying because you cannot afford it.
It often seems that Americans see "working hard" as the way you need to do it, but that's putting quite some pressure on the shoulders of people who haven't even started their lives yet. Having to work multiple jobs and putting your mental and physical health at risk because of it is shouldn't be normalized. Everyone deserves an education without seriously struggling for it, it's the only way for a society to develop and be proud.
I first studied in Belgium, and as a child of parents who are middle-class, I had to pay 900 euros a year, (Children from parents who are financially not in a good place often have to pay only half or even less). I study in the Netherlands now and It has doubled, but It's still doable and I won't be starting my life with debt, which I'm quite grateful for. I'll happily pay taxes with money I earned from a job I got with my degree, so everyone gets the chance to do it that way.
You're very brave for opening up about this, I'm sure this will help a lot of people and make people who aren't that empathetic reason a bit more.
Blackbird vb Just because Americans go into debt to get degrees does not mean they NEED to. There are other options, such as waiting a year and working full time and saving all that money for college, and then working part time in college (this would pay for a couple years of community college and then a state school); I live in California and cost of living is high and I could have managed this by crunching the numbers. However I did live with my parents and commute 1.5 hours to school so I know I had the advantage of living with my parents.
My parents were ABLE to afford my school but made me pay for it; when I was a 17 year old i viewed this as unfair and I threw a screaming fit. As a graduated working adult now I want to do the same for my kids because I learned so much about money and life and work because of this.
You can get a basic degree from an affordable school. She feels like she is better than other people and went to expensive out of state schools and studied abroad.
It's affordable. You, her and most people just don't have the budgeting skills to make it so. Also 2000 in interest in 10 years is nothing to complain about 😡 you privileged ass westerners just don't know how to budget and you're not willing to WORK. Also a college degree is nothing 'basic'. It's not a necessity, you'll just get it and work a unrelated job like most people 🙄 it's just a excuse to stay on your parents backs for another 4-5 years.
@@user-qo7vq6yx8q I don't know where you live but in my country everything is diploma focused. They simply throw away your resume if yiu don't have a degree.
I find it terrifying that these large loans are considered normal in the US. Well done for talking so openly about this and inspiring others to tackle their own debt! I'm so grateful to be from Scotland, where tuition is free (although many students take out loans to help with living costs but even then repayment only begins after earning a certain amount) but I wish tuition could be lower for everyone.
So happy I’ve found you! Thank you for sharing. More people need to talk about this. When I graduated, I had about $25,000 in loans. I’ve been paying since 2014 and have tried to pay more when I could. All my bonuses were put towards extra payments. Nearly 5 years later and I’m almost down to $10,000. My goal was to pay off in 7 years. Hopefully I can still do it! You got this girl! You can do whatever your mindset is programmed for!
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I am in my first year of college and I decided to go to an out of state school, which I now regret. I wanted to get out of my state and start over, but I realized that paying close to $60,000 a year is not worth "starting over" somewhere new. I wish I stuck with a state school, and even if I do transfer the loans that I have acquired in just one year of out of state schooling is insane.
I agree, so many kids in high school think going to an out of state school is a good idea, but financially it’s incredibly irresponsible. I’m applying to veterinary school next year, and there’s only one vet school in my state (which is the same school I’m going my undergraduate). If I don’t get in to this school, I’m going to take a gap year and reapply instead of giving myself the chance to go out of state. If I get denied twice, I’ll go somewhere else because I can’t wait forever, but I refuse to take on that much debt if I can avoid it. There’s always a chance you could transfer to a state school and save some money instead of staying at your current school.
Kathryn Reardon: i bet someone or several people tried to talk you out of it but you knew better than them. Now enjoy your mess! 😉
I'm a senior trying to decide between a private school with no aid and a state school. I'm just worried I won't get to try a bunch of classes to figure out what I want to major in
fluorescent adolescent: why would you want to experiment classes to know what you want? That would be the worst expensive mistake you will ever make. How about you shadow in jobs that you think you might be interested in for two years. After that, you will have a clear idea of what you want and you wont have spent any money to figure it out. Actually you would have been paid to understand the path you want. And after schooling, you will have experiences to list on job applications. A win win for you. Don’t ask school advisor for what to do. They are paid to help make colleges profitable. They are there for the interest of the institution not yours.
Litteraly same, one year out of state, im already 40,000 in debt. I hate it here!
First of all, thank you for being so open about an issue that seems to affect so many people. I hope it all works out for you.
I believe someone mentioned this on a previous video but as a German the whole credit card debt really blows my mind. It seems to be quite a normal thing in the US? In Germany, most people don't even own a credit cards and generally people just don't spend money they don't have. Of course, there's exceptions like taking loans for buying a house etc.
As for the student loans I think most people know that we don't have tuition fees so that's not a problem and if you need money for basic expenses there are many options with government support as the easiest. Not to go into detail but basically you have to pay back half of what you were given with a max. of 10K. But even that payment depends on your income etc
@@tiffanyferg Wow 😳 That is f****d up on so many levels. So basically, if you're not born rich you are screwed by default.
@@tiffanyferg Wait, what? This automatically sets people up for failure. Actually, everybody! I smell another bubble. I am from Germany, too and had no idea about this. I started to think about possibly moving to the US at some point but with that in mind, I really have got to question if that even makes sense. How is something like acquiring debt even encouraged? In Germany, people panic if their debit card is overdrawn with, idk, 500 Euros, lol.
I'm shocked about the whole credit card loan too. It's not common to have a credit card or a credit card loan in Finland. It just baffles me and makes me happy I don't have to worry about stuff like that.
Deniz Ece It’s not really that acquiring debt is encouraged (although that’s what happens for many people), it’s that credit scores are used to prove that you are able to pay back loans/borrowed money.
@@diidada Yeah, same thing with credit cards in Russia too. From what I have seen only wealthy/well-established people get credit cards at all (most people use debit) and even if they get into a bit of debt they repay it within a month or so. It's absolutely not normal to have any debt (apart from mortrage for apartments/cars).
Side note, don’t know if you will see this, but maybe someone will. You can claim interest that you pay on your loans (up to a maximum amount) on your taxes and get it refunded to you! That refund could potentially go right back into your debt if you wanted. I ended up having car stuff I needed to pay for this year with my federal refund, but that’s what I normally do with it!
2000$ for removing wisdom teeth? That would cost you no more than 40$ (without insurance) in Bosnia....how is it possible its that heavily overcharged in america thats shocking!
They charge you for everything even the plastic cup you drink water from, they are thiefs.
Hvala!
E Mulan
Why would you think a plastic water cup should be free? Nothing is truly free, but should be priced reasonably.
even in canada the dental industry is extremely expensive for people who are not insured!! (free healthcare does not cover dental or vision)
@@valeriavagapova yep it doesn't cover anything related to dental or vision
Im from Serbia and you have an entrance exam to get into university + your average in high school so thats how you rank. Say they are accepting 80 people, 60 best get free first year of uni and the rest pay for that year (in my uni thats 400 euros per year). Then if you pass a certain amount of exams you can get the next year free and so on, also if you dont pass a certain amount of exams you obviously will have to pay for the next year. I spent less than 100 euros on my education because our professors post our textbooks online.
Also im fine with sponsorships, you do you boo as long as they arent a scam :D
(I’m 22) my mom has been telling me that I should have $10k in my savings by now & im like “if I had $10k, I’d pay down my student loans, how tf am I supposed to have that much in my savings????”
Marisa Rokke you should imo. But it’s ok if u don’t, never to late to start a financial journey.
parents are judging based on their experiences when they were 22, which is like a different universe. Salaries are now stagnant, cost of living is much higher, entry level jobs are hard to come by, etc... 10k would be great to have but I don't think it's very helpful to set these arbitrary numbers as your goal- that probably accomplishes making you feel like a miserable failure, which is not gonna help at all. It's better to examine your income and see where you can save, or prioritize how much you throw at your debt. Paying off debt aggressively=cutting costs everywhere else (think beans and rice). It's tough but very worth it, especially when you lay out a timeline and see the proverbial light at the end of the tunnel. Good luck!
milikoshki even still with the financial and generational gap 10K isn’t that much To save up by that age.
@@leilanidru7506 Genuine question from an "outsider", how would it be normal to save $10000 by 22 if kids finish high school at like 18 I'm assuming (right?), then go to college and accumulate ~$40000 of debt on average there(if I'm not mistaken)? I imagine working a part-time job won't make nearly enough money to cover all that + living expenses + save $10000. I'm just not quite understanding how this could work in the US.
Valeria Vagapova well by 22, which would ideally be the age of graduation. A lot of people get jobs starting in high school, part time during school semesters and a lot more hrs during the summer. This goes for college too. I’m a full time college student with 17 credits but make approx $2,000 or above per school year with just a work study job working a measly 10 hrs a week. Multiply that by 4 yrs and that’s already$8,000. This is excluding the likely 2 yrs from high school a lot of teenagers typically work. And excluding the four summers in those 4 years in which you can earn thousands more I’m limited by transportation issues, being a collegiate athlete, and taking 17 credits per semester etc I can only get jobs on campus and work 10 hrs at $9 minimum wage. but for others as a full time student and part time worker, over the course of a 4 yr run in college (age 22) $10,000 is not that hard at all. Never said they’d be debt free tho🤷🏾♀️ I said having $10,000 saved up isn’t that unreasonable at all. Especially if moderately good decisions are made and approx 6 yrs of work.
As someone from Denmark where university is free (and students are paid a monthly tuition so they can survive) this just sounds incredibly scary, and it’s crazy how many people this affects - I hope there’ll be a reform of your system soon! Also I never understood credit card debt???
I believe this is one of the reasons why mental health issues are on the raise.
Is it true that the tax rate in Denmark is about 50% though? If so, that means low earning unskilled workers are playing rich highly educated peoples' tuition fees.
The income tax rate in Denmark is 55.8% and the sales tax rate is 25% so I think our system is drastically better given the individual is responsible with their money.
I really think my parents paying for my education has been the greatest gift of my life. Thanks for opening up about this, you are mature and motivated and I hope you can pay this off as quickly as possible!
TIFFANY, bless you for making this. I’m at $24K in student loans with more coming as I’m going back this fall and $6K in credit card debt, which I would call half stupid early 20s bullshit and half I will starve if I don’t eat and I need to buy gas to get to my jobs and I just paid my rent situations. My boyfriend and I are tackling my credit card debt all together as he has a financially supportive family that helped him out with his, it took a lot for me to swallow my pride and let him help now that we’re both working full time but I’m so relieved. I’ve been trying for 2 years to get a hold on them but I’ve been the bread winner during that time too and had to make some hard choices to keep us afloat. This country is fucking rough man, I tell you what. But you’re so right in that we NEED NEED NEED to be talking about this transparently. While partially circumstantial, our choices also impact our debt and that’s valuable to reflect on.
Aw I love you girl! I admire you so much for opening up about this as it will 100 percent help someone out there. ❤️🌻
I don't have credit card debt (I use it and pay it off every month), but I've a little under 25k in student loan debt (finished my MPA recently). It is terrifying. Plus I'm still stuck at a part-time job and can't seem to find full-time work. It is very frustrating.
I do agree that it does seem that most people don't know what they are doing when they take these large loans. It is unrealistic to expect 18 year olds to be able to really understand those loans. Especially with our education system.
Hearing this makes me so sad. Where I live school is free, uni is very affordable, if you cant afford it there‘s government help you can apply for (which you do not have to pay back) and getting credit cards for young people is very uncommon and student jobs pay a livable wage. America seriously needs to get their shit together, having a whole generation in massive debt is honestly horrible and should not be the case in any developped country!
Joanna Valavanis where are you from??
@@alinastarkov Judging by their surname I would guess Greek, but can't guarantee. But also pretty much every country in Europe had similar policies, from Russia to Portugal.
Paid off all $30,000 of my student loans before graduation...it’s possible!
That's awesome! Wasn't even a thought in my mind while in college. Wish it was. Even when I got out, it wasnt a thought beyond the minimum payment. If it was a thought, I would have paid it off more aggressively.
that's badass! way to go!
How did you do it?
thank you for making this video. we have the same amount of debt. i have 20k in student loans and 10k in credit cards. you make me feel less alone
In New Zealand we don't have to pay interest on our student loans so many of us literally don't even think about our student loans because it just comes out of our paychecks. It's so anxiety inducing looking at the loan number going up. It's really admirable that you're facing it head on.
Young but very wise! The student loan crisis is probably the most significant least discusses problem in America right now.
I won’t be voting for any politician who doesn’t discuss it and offer up solutions.
I’m on my own student loan payoff journey but I wish I had started earlier.
I hope you update us on your progress! I’m personally talking about my struggles too because I hope this brings about conversation and improvement.
oh gosh those student debts😱 I used to live in the states but had to move back to my home country. Sometimes I'm really glad that I did, just cause of student loans. The career that I chose is something that I can pay every semester, thankfully. But student loans in Colombia are also, a huge thing and the word you used for those institutions is 100 % spot on: predatory. I just discovered your channel, like about a month ago? And I loooove it! I love how reflective you are and you shine a light on very important topics! Here's to getting lots and lots of sponsors in 2019 and being able to pay off all yo debts girl!
Well, at least you haven’t paid $500,000 to get in.
BURNNNNNN...
$500,000 is a drop in the bucket for rich people, that's why they pay it.
Shay Monte' ; They clearly just implied that they wouldn’t because they know it’s wrong.
holy shit dude this was so ballsy to do and let me just say that i'm so proud of you ! leading by example is super difficult especially when it's in a socially-stigmatized area such as debt. i come from a low-income, single-parent household and have been surviving off of student loans and working 2-3 part time jobs per semester so i relate to this so hard (especially since i'm also studying abroad in france rn). thanks so much for sharing all of this & i hope to follow in ur future debt-free footsteps lol
Did you ever think about going to a school you could afford? Like community college to get ur basics, then going to a public university to finish ur bachelors? Part of the blame for the student debt crisis is parents and students choosing schools they cant afford to begin with
Brittany b sometimes people still can’t drop 2k for a community college so they’d still have loans.
@@ec1311 I know but $2k in loans a lot easier to pay off than $20k
😭😭 thank you for sharing. I cry everyday worried about this crap. It’s the worst and a lot of people are in that same boat where basic life expenses bury you. It’s not even luxuries! Medical, and scraping by on months you’re short. Blown tires, etc. It can get out of control QUICK. Then add losing a job to it and it’s a recipe for a living hell.
tiffanyferg yes! 🙈
My fiance and I are also trying to pay off an amount of 31,000 in student loan debt. I've been documenting the process on my channel. It's a huge chunk of money and interest is the worst but we know we'll be so thankful later in life that we paid it off! You've got this!
thanks for talking about this! Being a student and having to worry about loans and living expenses is very stressful and I feel like a lot of people go through it. I really admire you for taking control of your finances and being so determined and independent! you got this!
I’m thankful I don’t have student debt (through a combo of graduating in 3 years, merit scholarships, and money saved up by my parents and I, plus grad school was paid through my assistantship) but I do have a bit of cc debt.
Shoutout for talking so openly and honestly about it!!
Tiff I’ve been watching your vids since 2010 but took a long ass break from YT, and of all people I’m subscribed to, I ALWAYS find my way back to your videos. I really feel like I’ve been growing up with you!! While I’m not a student (dropped out lol), I still have tons of bills to pay, and this video made me feel so much better about it. We’re the same age but in my eyes you’ve always had your shit together (way more than anyone our age in my eyes), and it’s honestly truly inspiring. I love you girl! Keep doing what you do!! 💖💖💖
thank you for talking about this! it's so important for our generation to be more open and comfortable talking about these kinds of things. i also transferred from an expensive private school to a much cheaper state school this past year and i'm honestly baffled by how willing i was to take out so much in student loans every semester. it's comforting to hear your side of things especially because i can relate so much to your situation. thank you again for opening up and good luck with your debt
Videos like this make me so glad to be Australian! Our university debt gets paid through our taxes and there is no interest, only indexation to CPI. I couldn't even tell you what my remaining debt is because it's such a non issue. They don't even look at it when we buy a house and things like that.
Good luck girl x
thank u so much for this video, as someone who is also struggling with student loan debt, I totally understand how isolating and scary debt can feel. So proud of u for being so open and don't listen to anyone's negative opinions bc its your life, not theirs! good luck
Thanks for this video!! I'm 21 and still yet to go to uni, but I feel so grateful that I live in a time where I can watch videos like this to become financially literate at such a young age and work hard to get myself in a good financial place before I move on with my life goals!
This is an important topic. I think a lot of us, especially when we're young, just think, I'm going to do this later and then later never comes. Plus, we spend money on things we want and have a great time, but ignore our debt. Thank you for talking about this so openly!
I LOVED this video. As hard as it is to be vulnerable with opening up about your debt, it’s so important for people to hear and see actual real life examples of different debt scenarios or lack thereof. There’s such a stigma about talking about money that needs to be lifted. Thank you for this video!
found you through Carrie Dayton's channel! I'm so glad you're talking about this. I am in the process of paying down debt as well and I just started back to school to get my masters. I totally get it, it's so easy to have those little moments and then all of a sudden your 10 grand in debt. You are not alone sis, hang in there and win the fight.
Rewatching this after you've paid all your credit card debt. So proud of you girl!
thanks so much for talking about this. I recently got a credit card to get miles for an important trip, but its really high interest and its been hard to use it responsibly. this was a reminder that I dont want to let it get too overwhelming and to pay off my debt now, before it gets too big. I'm also attending a technical college (the cost difference is so worth it) and im working my way through. so far I havent had to take out any loans, but its incredibly exhausting working practically full time while also attending school full time. watching this makes me remember that its worth it in the end and not to give in to just accepting debt. would love to hear more about your journey through this.
You are amazing for being transparent and sharing!
You showed up in my feed and I’ve watched a few of your videos. I was always impressed by how well spoken you are and so comfortable in your own skin. After watching today’s video, I am now a subscriber. I’m way older than you and don’t have debt (other than a mortgage) but want to help you in my small way of subscribing and watching your channel. Love your honesty. You rock!
I really appreciate your transparency on this subject. Topics about money and specifically debt seem to have a certain taboo about them and it’s really refreshing to hear your honesty! I feel extremely blessed knowing that I will be debt free when I graduate from college but it is important to know that so many others do not experience this. I think sharing your perspective is really helpful and I appreciated this video. Best of luck! 😊
as someone in my second year of college and (as of now) has no debt, stories like this are such a good reminder to be so conscious about my money. good luck girl!
thank you for sharing and being so vulnerable. i am a senior in college and graduating in may. i am praying to get into graduate school with a tuition waiver just so i don't have to pay off loans right away. this summer i am not talking any classes so i am going to work full-time and bust my ass off to pay off my credit card so if I do not get into graduate school, i will be able to afford to throw a lot of money at my loan. you continue to inspire me with every post you make. life is a irreplaceable journey, every penny of debt has equalled out to time in your life, which is priceless.
I’m in the same boat as you, even with credit card debt, and it feels good to not feel alone💖 It’s scary and it sucks so much but little by little it’ll get better
So proud of you Tiffany! Thank you for being open and honest about your finances. I know you are gonna continue crushing it! I also paid off 10k in debt and now I'm working on my emergency fund (dave Ramsey baby step 3). There's light at the end of the tunnel!
dude ive been watching you for YEARS like since that collab channel and all your funny cute lil videos and just wow the growth! the adulthood! the zest for life! so awesome to watch and see your channel grow and can't wait for it to continue to grow!
Thank you for being honest ❤️ I really appreciate being able to watch someone I can relate to who's also on this college journey
you’ve inspired me to face my debt 😭 it’s terrifying but IT NEEDS TO BE DEALT WITH AND I CAN DEAL WITH IT! thanks tiffany!!
I really appreciate your video. I have the same thoughts everyday with my student and credit card debt. It gives me a ton of anxiety that I let it get so bad (especially with my credit card). The main reason I racked up my credit card was because I wanted a year of traveling and I honestly just had the mentality of "I'll pay it off eventually" which growing from that experience was not a wise way of thinking. But when I reflect back on it, if I didn't travel, I wouldn't have had the amazing life experiences I really needed in that point of my life. I let myself have that travel year and now I'm headstrong on paying my debt off. Life is all about the balance. Thanks for sharing your story, it really helped me feel not alone in this debt mess.
Watched every single ad and the full video, get that coin (probably not how it works but i tried).
thank you so much for sharing this. i have roughly the same amount in debt and am also 23 and sometimes it feels too overwhelming... i hope conversations like these become more normalized
Thank you for being brave and real enough to talk about this🙌 You are literally my fav youtuber💖 I have been struggling with getting out of debt as well and just paying bills in general with rising housing costs and all the things in life that just add up to a monstrous amount. As of now I'm literally working 50 sometimes 60 hours a week to just pay bills pay off debt and eat with not much left its incredibly stressful. But I know it will be worth it in the end when I get it all paid off.🙌 Anyways keep on shining girl you are doing AMAZING!✨✨
thank you for talking about this. i’ve never seen a video like this and i know it takes a lot to talk about something about debt. this is definitely a conversation that needs to be had.
This is definitely a topic that needs to be talked about more. My husband went back to school for four years and while I was working, it still wracked up $80,000 in student loan, plus $15,000 from car and wedding. We're are lucky he got a job in his field and it pays well enough that the past three years since we've managed to pay it down to just one $15,000 left, hopefully we'll be able to complete that this year. But it's hard and education while in our case worth it, isn't always.
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Girl 23 was when i was racking up my debt. good for you for turning it around at that time! I'm 31 and just got a personal loan to consolidate my Credit Cards and actually get them paid off without incurring more debt.
Thank you SO MUCH for making this video and bringing awareness. I've been on a journey to pay off my debt for the past 3 years now. The stress of how much I owed and how little I made stressed me out to the point of depression. Taking control and taking the steps to pay everything off has taught me contentment, self control, and brought me so much pride in myself. Once it is paid (on track to be done THIS YEAR!) I'll never use debt to purchase anything again.
i like to share a story when I met my bf he had over 23k in debt. 3k I cc debt from his ex. (He also had his ex's dog and worked with
his ex's mum)
and car debt that had negative equity just rolled over from many cars. Now he's debt free!!! all thanks to CYBERGHOST67
a genius hacker who cleaned his credit. New better job and over 12k in savings I am very proud of him.
Contact CYBERGHOST67 AT YAHOO COM or text him directly on +1, 612 4,4,0 48,1,3.if you have a fixed date to fix your credit profile or card issues.
Amazing video - as always! Paying off student loans is the best feeling in the world. One of my girlfriends got a bartending job in addition to her day job and aggressively paid off her student loans within a few years of graduation. I was so inspired seeing how she put every extra bit of money she had towards her loans. I worked a corporate job for a couple of years when I moved from Europe back to the U.S. Once I paid off my student loans, I quit that corporate life (so much anxiety!) and started my own company (and now live that freelance life and love the freedom of working from home). Looking forward to hearing more about your journey. You’ve got this!!!
Love this. You’re the best at opening up/digging into the details of topics but it’s really cool you’re able to look inward and do that with things that personally effect you, especially something as taboo as finances. Great content!
I'm a senior in HS and I just applied to Loyola New Orleans and I was shook to say the least when you mentioned the school. I'm from Michigan and I wasted my time in high school not getting the best grades I could so I'm limited when it comes to schools. Good luck on your loans! Manifest what you want and it'll happen
This why I choose community college first then transfer I saved at least ( 12,000) plus I satay at home with my parents. I know we all want to have a college experience but DONT forget that you have to pay it back.
I also am doing this as well as paying for my college out of pocket through payment plans. I Did dual enrollment through high school which paid for my first year of community college, then my second year and a few mistakes cost $5k, currently I've paid over 8k in my first year of transferring to University, all through payment plans, relying on some credit, and working. I have only 8 more classes (about 6k) and am on track to graduate with maybe a few thousand in credit card debt at most.
I recently got a full time salary job though while I am in school still so it will help immensely!!
it does kind of suck that I didn't get that college experience or to study abroad, but that 30k will be a very nice down payment on a home/ investment property and to travel on my own terms :)
most of my friends are moving back home when they graduate and I will be moving out mostly debt free at the age of 22!! They all pitied that I was still living at home not starting my "life", but in the long run I did what was best for me personally.
Student loans are the worst. I'm 29 and still stick.
@@valeriavagapova not as long as you pay your debt. If you default and flee, that's a crime.
@@valeriavagapova it affects the ability to qualify for loans.
YES.
I love that you were so open about your finances. I am very passionate about this topic as well. It's absolutely insane to me how much money we are obligated to pay in order to get an education and make a fulfilling and "financially stable" life for ourselves. I'm currently a senior for my undergrad and I'm looking to get my master's degree and I am just baffled by how much money I've paid/expected to pay in the future. All because I chose to be a contributing member of society. It really fires me up. And I'm glad you're feeling the same way too.
Keep killin' it Tiffany! I hope you reach your goal of paying off your debts sooner than you think!
Im glad someone is talking about this because honestly I am in the same situation myself where you don't even know what to do at some points because the amount of money that is needed and the stress just consumes you.
word up! the end goal of being debt free is so worth the pain of cutting back elsewhere to prioritize debt payments. Good luck and very cool that you made such a transparent video!!
thank you for making this video! as someone who is about to go into college, i think i desperately needed someone to tell me this information in a no-bullshit way. super informative and helpful!
i really appreciate you making this video and being so transparent about your debt
Btw, start watching Dave Ramsey videos if you haven't already. He gives excellent advice and tons of videos about conquering debt and being smart with your money.
I LOVE THIS. WE NEED MORE OPEN CONVERSATIONS ABOUT MONEY AND STUDENT LOANS!!! I am in the same boat as you. 35k in student loans. that is ALL my debt, but still..... its crazy how many of us deal with the impact of debt.
thank you for being so open and honest about this!! i plan on going to college this fall (or next fall) and your college videos have been my go-to... have you seen hasan minhaj's video about student loans?? i found it really informative but also terrifying... i can't fully comprehend student loans and how i am even going to begin paying them off and sometimes i'll look at job postings to get a feel for what's out there (i'm in NYC) and the amount of jobs that require you to have a bachelor's degree and only pay minimum wage is baffling...... i'm so scared for the future but thank you again for helping destigmatize cc/student debt and bringing more awareness to it. you're so so awesome!!!
wow thank you for this. so relatable. and makes me feel better about my debt!!
Thanks for making me feel better about my debt, hope to get updates on your progress!
Thank you for talking about this. I'm 22 and went to some college, and honestly I'm hesistant to go back because of the cost and the thought of not even getting a job in my desired field after. It's just not the same as it was back then, it's scary.
THANK YOU FOR THIS! We need more young people having conversations about debt. Most of us take on a fuck ton going into university as an 18 yr old so normalizing debt conversations is so fucking important. i just started school after taking a break for two years and, if everything goes as planned, I should be graduating without debt vs. being 40k+ in the hole if I graduated from my old school.
I’m so proud of you for opening up about this. It’s so eye opening and prepares me for university. I’m from the UK so tuition is cheaper but I’m still scared for the debt I’ll be in.
I literally love you so much for acknowledging your debt and being so ready to take it head on!
Man, this video give me hope for my debts. Here's to paying off my debts starting now.
Well done for talking about this. And deciding to tackle it. It makes me realise how privileged and fortunate I have been during my own education. I got scholarships so didn’t pay tuition. And lived at home supported by my parents. O
tracking everything like what youre doing is exactly the right thing to do! Keep it up.
I support you so much, especially for speaking openly about your debts. I’m sure it wasn’t easy but no judgement, you are on the right path! Much love❤️
Props to you for sharing your story! I would love to see updates on this in the future- you got this girl.
All universities in my country are tax paid. Yes we have high taxes, but regular students don't pay any scholarship, for any university. And our schools are great and our scientists and experts are appreciated all around the world. This is such a nomal fact for me, I never think about the millions of students who have to deal with all of this debt. Its insane. You are so great for sharing this, really. You got this girl, you are gonna pay this off in no time
I am a high school senior and going off to college this year. I was in the running start program, so I have 2 years done already, but loans stress me out so much! I dont qualify for any aid because of my parents income, but they cant help me a lot. I am applying for so many scholarships and hoping for the best but I know that I want a degree and I want to go to college (I am going to a state school so it is not as expensive as a private school) but expenses are 27,000 a year! Thank you for sharing this, it gives me a piece of mind to know that there are others who are in this boat and working their way towards getting out of it.
Girl, just my student loan debt is above your total debt!! I’m glad you’re actively trying down your debts. I’m paying down mine as well and it feels like a mountain, but I believe I can climb it!
Thanks for opening up about your debt! Money is so taboo in our culture, so I’m glad you’re talking about it. And the student loan struggle is REAL. I had the first three years of my undergrad paid for through scholarships, so I only had to take out loans my last year and for housing-and then I went to law school on a full-tuition scholarship, so again only taking out loans for housing-and I’m still going to graduate from law school with $80-90k in loans.
and before anyone comes to me-I went to a state school for my undergrad, and law school is expensive, regardless of where you go.
i like to share a story when I met my bf he had over 23k in debt. 3k I cc debt from his ex. (He also had his ex's dog and worked with
his ex's mum)
and car debt that had negative equity just rolled over from many cars. Now he's debt free!!! all thanks to CYBERGHOST67 a genius hacker who cleaned his credit. New better job and over 12k in savings I am very proud of him.Contact CYBERGHOST67 AT YAHOO COM or text him directly on +1, 612 4,4,0 48,1,3.
if you have a fixed date to fix your credit profile or card issues.?
Love this video!! So proud of you for taking control of your debt and working hard to turn it around now instead of waiting 10 years for it to be even worse. Not everyone can do that at 23. I’m hoping that the next generation can see what happened to millennials and realize that not everyone needs to go to college. Sometimes it is worth the investment and sometimes it’s not. I believe in you and I think this will be a valuable lesson that you can teach your kids someday too. Get those sponsorships and make that coin girl!
Thanks for sharing this! Just a good reminder ✌️ and hopefully helps other people avoid these issues
Very inspiring video! I ignored my debt much longer than you did, but it’s never too late. I woke up last year and now I send mega payments. I went from 24,590 to currently in the 15,000s. I recently got a better job so I’ll be able to send bigger payments. Thank you for this video!
janereaction *text mystery_hacker19 on Instagram he’s an expert*
Cost of college has been very worrisome for my family and I recently. Seeing this video made me feel less alone. I love your positive attitude and I totally believe you can pay off the credit card debt within the year. You're awesome Tiffany!
love your content! So refreshing and informative compared to most other youtube channels