Money Expert Reacts to Unhinged Financial TikToks

Comments · 337

• EP

  @eprofessio · 2 years ago

  I got $9,000 left on my student loan. Started at $119,000.

  574

• KI

  @killchill · 2 years ago

  $3,800 more til im debt free thanks to you and Dave!

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• JO

  @johannamiller527 · 2 years ago

  I always find it so funny how people will argue about the debt snowball versus avalanche versus whatever else.  If you've set up your life so that you're spending less than you make and you have margin to put toward paying down your debts, you've already done the hard part - if you can stick with it, the debts will get paid off, whatever order you pay them off in.

  177

• LI

  @lidinh8232 · 1 year ago (edited)

  Once I saved enough to pay cash for the car that I wanted, but I did not buy it.  It was hard to part with the money that I worked too hard to save!😮😮😮😮

  7

• FL

  @Flownthecoup23 · 2 years ago

  I still think the debt snowball has more psychological value to it. Little victories add up.

  92

• AL

  @AlbatrossWhisper · 2 years ago

  I paid my student loan debt from 23k to 16k in six weeks. Im going ham on this

  19

• MR

  @Mr.Boring_Man · 2 years ago

  Sloppy life. Sloppy outcomes.

  25

• SN

  @snifferscribbler9730 · 10 months ago (edited)

  My parents did that with the flats back in the day in Russia - inherited a 1-room apartment, a really small flat, saved some money - here is the one with 2 rooms, saved some money - 3 rooms... relatable.

  4

• RI

  @richhenry8004 · 2 years ago

  The number of people who can't do arithmetic is troubling.

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• PU

  @punkbassandcovers · 2 years ago

  I can't imagine the dancing you'd do in federal prison if you didn't pay the IRS. Probably not YouTube appropriate 😂

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• 23

  @233kosta · 1 year ago

  Mathematically, paying in order of highest interest rate makes a difference in the total you&apos;ll pay (which is important), but most people in that position don&apos;t have the discipline to follow through with that, so paying them off in order of least balance can be very helpful.<br><br>Really though, the important part is that it gets paid off. Think of the difference as the cost of tricking yourself if you don&apos;t have the discipline.

  4

• CA

  @cade8986 · 1 year ago

  Income - Ego = Savings

  5