According to this CNBC article link below, “Millennials ages 25-34 have $42,000 in debt, and most of it isn’t from student debt.” I get it. I was never taught what to do with money. I watched my Aunt buy what she wanted when she wanted it. She taught me that if you work hard you get to spend your money anyway you want to. A stressful life can make you feel like you are deserving of a “treats” that don’t fit into your budget. These temporary treats will not bring internal peace. As a result I ran through money. I made purchases based on emotions. I had to make arrangements on utilities bills that I had initially had the money for. I allowed how I felt to compromise my ability to financially contribute to my famuily in healthy ways. My marriage and my children helped me to re-evaluate my spending habits. I realized that I was grown and it was time to know better and do better. I had to stop blaming my past and get educated to protect my future. Good credit is a part of a good personal brand. Looking good on the outside is not more important than living in your means and being financially responsible.
In the digital age we need to pay particular attention to what we are teaching our children in regards to credit and ” keeping up with the Kardashians”. They will never be able to live the life they want if they don’t learn sacrifice and moderation. Teach them to respect the process and be honest and appreciative of THEIR beginnings. What is the lie? The lie is that you can spend whatever you want without consequence. The other lie is that in order to have value, floss or slay or be fabulous or “werk” you have to go into debt. Our value doesn’t lie in fading trends we can’t keep up with. Self care is financial responsibility. Multiple streams of income can help manage and eliminate debt. #credit #millennials #thedeathofalie #finance #levelup #personalfinance