Is debt really normal, or did I just assume it was?

Redditkayajaya

New Member
Did anyone ever think that debt was just normal? Like it’s just a regular part of life? That everyone gets loasn, makes the minimum payments each month, and big buys always need financing?

No… just me? Awesome

Seriously though, no one ever sat me down to teach me the basics of money, debt, or how to handle my finances. I learned everything by trial and error.

That changed in 2017 when I started learning on my own! I read nearly 20 books in four months—all about finance, debt, the psychology behind money, you name it. I watched seminars, went to events, and opened every door I could to keep learning.

I haven’t really stopped reading and learning about money and our money habits since. Along the way, I figured out a few things about myself. Mainly that I’m a total numbers nerd and organizer. I love stats!

I began helping others set up and stick to their budgets in 2018. Why? Because sitting down, organizing their spending, wants, needs, savings, and debt payoff—and calculating when they could be debt-free—felt like solving the coolest puzzle ever!

I realized I wanted to build a community where people could work toward a better financial future together! I wanted folks around to swap tips and tricks with.

And mostly, I wanted to help others reach their money goals!

I’m so thankful and proud of how far we’ve come, and I can’t wait to share more with all of you going forward!

When you join this group. When you invite a friend. When you comment, like, or post. Whenever you jump in.

It means so much to me and helps this group grow so we can support even more people in gaining financial independence and hitting their goals!

Thank you, everyone! ❤

P.S. That’s me and my beautiful baby girl in the picture above
#budgetpayoffdebtemergencyfundgroup2022
#startherebpegroup2022
 
Some debt can be a smart move. For example, borrowing against an asset to help grow your wealth is often a good idea ✅

But taking on consumer debt just to shop or buy a big vehicle? That’s usually a mistake

Here’s the difference:
  • Good debt: Used to build or leverage an asset.
  • Not so good debt: Used for lifestyle wants or keeping up appearances.
 
Oh, I remember this one time we were at Best Buy, and this employee came up and asked if we'd like to sign up for a credit card. We just said, Nah, we try to steer clear of debt. And you know what they said back? They told us that debt is just a normal part of life! Can you believe that?
 
My parents taught me debt was not the norm.
Society taught me it was.
Now I am wiser.
I value my parents’ words.
I am working to get out of debt.
I am avoiding new debt.
I feel empowered.
I feel in control.
 
Thanks for sharing your inspiration. I’m also passionate and motivated to help others with my financial knowledge. I’ll do my best to comment regularly.
 
It's striking how little many know about finances and debt. I was raised believing everyone has debt. I learned otherwise the hard way.
 
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