Maxed Out: Keeping Up With the Joneses

[@richardsanchez5444]

I don't mean to sound messed up but, whenever I need to stay motivated I watch these docs Here I am a year later, I had some major car trouble and had to come up with some money to fix it, not a bit deal since I had more than enough saved up. Keep watching and keep being smart with your money.

[@thatgirlPAIGE94]

Same here.

[@Dipstick67]

Exactly the same here, it's not messed it's a perspective

[@GilAV-gc8bj]

That is so messed up. Just kidding.

[@Nepthu]

Me too. Frankly, I don't care to have so many things like new phones, products etc.

[@MarthP708]

Omg I thought I was the only one

[@MsJuliab14]

Sad story about financial illiteracy. Making your $150 minimum payment does not mean "everything is ok".

[@blackworldtraveler3711]

Julia Baldwin Yeah. Thought that was an odd thing for her to say.

[@EvangelistRBColbert]

I agree Julia. Paying the minimum only goes toward the interest.

[@EvangelistRBColbert]

@@mathematician1234 - What ever you say. 😊

[@EvangelistRBColbert]

@stoeger 2 ok

[@Shaolin91z]

Discipline......and change your spending habits

[@soexcessive84]

I'm sorry but 20 credit cards and 42K in credit card debt on top of a refinance is grossly irresponsible. I get nervous with my just ONE credit card.

[@StudentLearning737]

soexcessive84 same here

[@bmw803]

EXACT "FUCKING" LY. The problem today in America is that people aren't proactive in ANYTHING. Especially finances. I personally have a very good job. ( over 70K ) per year and I WATCH EVERY FUCKING PENNY I spend and always ask. DO I NEED THIS SHIT? I put a couple of hundreds in savings ( investmensts ), a month and always think. WHAT HAPPENS IF I LOSE MY JOB OR SHIT HAPPENS. And that is the problem. While they have their job, they don't think "WHAT IF". And that's the key. Always be proactive and think ahead. But try to explain this to the average moron out there.

[@BigRed2]

StudentLearning737 Let’s not talk about having 6 kids too lol

[@StudentLearning737]

lol. oldspicejet83 has the right ideaoldspicejet831 year ago"I have condoms hidden all over. I even have some in an emergency glass box with a hammer beside it. No kids until i have $250k per kid in the bank". think ahead.

[@ashleyashleym2969]

I would get one for the money youget back, but I'm debating if i want to get one because then ill get a credit score and i dont want one because if im going to get a credit card its to game the bank and thus my credit score wont look nice because I'll pay off everything before they put interest on it. I'll probably pay it off within hours of using it. And apparently that makes your score lower and I will be renting and theyll see the score isn't good and they wont automatically under write how good I would be as a tenant.

[@pwk22]

The mentality of having $42,000 outstanding credit card debt and then going out to an expensive restaurant is unfathomable to me. I'm glad I was brought up differently.

[@imalrockme]

Don´t forget they used to tip the guy 25 Usd!

[@b4rs629]

lack of self control.

[@catfancy1708]

same, I had a 5k overdraft , paid it off . people live in there overdraft for years like I did in my early 20's. took me til 26/27 to realise . Now am in pure invest and save mode , my only thing I spend money on is my comic collection or watches. got to have some fun :) moderation of course is advised

[@combatduckie]

@@b4rs629 rathere lack of self-accountability, she really says it s the bank s and credit cards' fault she s constantly buying more than she can afford and is living above her means! When you buy a house, you must waive holidays, big TVs, cars, etc for DECADES, you cant consume and consume as you did BEFORE! At least, that s how all people with houses who i know do it....If you cant buy it cash you cant afford it - it s easy"

[@didyouknowthis461]

Let's say they spent $100 for that meal. That's $20 a year extra in interest. Over a ten year period, that meal cost $620. Ridiculous.

[@dynamichunter843]

They are a really good example of poor personal responsibility... 6 kids???? On a lunch lady salary?? Going to disneyland and impulse spending??? Yikes

[@jker5327]

$500 doller millionaires 😅😅😅😅😅😅😅😅😅😅😅

[@fionagregory9376]

6 lots of child benefit though.

[@ecclairmayo4153]

Yup this has very little to do with money managememt. Having 6 kids is impossible to caee for.

[@thedriza297]

I'd love to know wtf she thinks I so funny

[@mac1bc]

this country has a financial illiteracy problem

[@DP-jy2ge]

mac1bc It's not lack of knowledge, it's lack of willpower.

[@leilanidru7506]

DP 63 it’s both. Those two things combined do not make a good outcome

[@MeadowDay]

This should be taught in schools...at least they’d learn something useful

[@souvikrc4499]

J Huntoon Apparently, only five states have a personal finance requirement in high school.

[@amychilds6826]

@@DP-jy2ge sometimes it's the fact that you're working a minimum wage job that doesn''t pay you enough to live on and if you have health issues or are raising kids boy are you in trouble.

[@sarahgivens7182]

Schools need to classes on credit and debt in high school.

[@julialee143]

parents need to teach it to their kids. That's where you learn this stuff......only the parents don't even know what they're doing

[@obdiane]

Some do have that course in middle school. But, I teach mine. Both of our kids 23 and 20 have a 750 credit score, just like my husband and I . And we are working class folks.

[@fryingpan3492]

20 years ago when I was in US, I was offer 50,000 credit and I turned it down. Yes, I was a college student. It's crazy how easy it was to get credit, and the people who actually use it.

[@happyalexa9685]

They do now! My son graduated from High school in 2016 and they did have a Finance class and my daughter as well now that she’s in high school. The best to do he tells me is if you have one credit card for emergencies use only what you can pay at the end of the month. Cancel the whole amount you used. Best of all don’t use credit cards if you can’t pay the balance at the end of the month. They are teaching kids nowadays how to keep their finances straight what we didn’t have when I grew up in the 80’s and 90’s. ~Dalia

[@yomynameismit]

teachers themselves have debt.... what they going to teach about debt?

[@maxoverridemax]

I save 28% of my pay. No TV. Just my phone, a 2013 note 3, a laptop, and a computer. I have no debt. I know people who make more money than me but have lost everything because of debt including their homes. One piece of advice always live below your means. Sure you won't have the nicest things all the time. But you will have peace of mind.

[@Bubbasizer]

Last year I saved and invested about 50%-60% of my annual income, I gave about 10% to help others. about 22% went to my expenses. and the rest went to fun/activities/a few small purchases. This year I am on track to do about the same, maybe even save more, as I have given less this year so far. No debt either, my house is even paid for. I never understood people who want to finance everything, I don't care what my car looks like as long as it's paid for and reliable. I don't even have a credit card.

[@inkey2]

you could still have a TV and spend nothing. Just don't have cable.

[@wisconsinrailstotrailscycl4277]

Keep clear of women, and DONT date, word of advise to all to keep your own money!

[@JK-yd5ro]

Right there with ya fellow American

[@brownhippiex496]

J K that depends. I’m the bread winner in my house

[@MarcyJ2F]

For the people who keeps commenting on how many children they have......I’ve seen so many stories on other people in the same position and they have zero kids. It was not feeding the family that was the problem, it was the vacations and eating out that was mentioned.

[@BeyondChange]

I use to have a really bad spending problem. When i was in my Late Teens early 20s, i was addicted to Gambling and Drugs. I was over 35 Grand Credit Card Debt, living on 20 bucks a week just on Food. I hit rock bottom ... Now I'm completely Debt free and drug free, and it feels Great!

[@hds66nl29]

Been there too, alcohol and drugs, a few years back I had a conversation with a friend and the subject came up. I said it was no longer an issue, been to long, but the thing I still feel is the fact that a lot of people have the feeling the grass is greener on the other side, I told him I know where I came from, so now the grass is greener on my side. And even now, 12 years later that feeling is still there. Still serves me well too.

[@theresachung703]

You guys inspire me. Thank you for sharing your story. Amazingly strong people you guys are. I’m in awe.

[@hds66nl29]

@@theresachung703 Thank you.

[@acxezknightnite1377]

Good for you. Keep up the great work 👏🏻👍🏻👏🏻👍🏻

[@lvega5606]

I racked up debt from shopping for clothes, makeup, home goods, furniture, and groceries. Growing up, I had nothing and I just wanted some of what everyone else had. Now that Im older and make more, I don't have debt, but in my 20s I was poor AF

[@deeb.154]

a $25 tip ? that's probably more than she makes in an hour that she's just giving away to stunt.

[@StudentLearning737]

Dee B. She probably did more. Lol

[@jessicageary429]

Probably wasn't even 20% family of 8.

[@Starfish6]

Dee B. Sad af

[@243wayne1]

At Chili's no less...

[@anitaares8271]

Going out to eat is crazy! It costs more and you don't even know what maniac is handling your food!

[@rlsjunior797]

Pay your entire balance EVERY month. So don’t spend more than you can pay that month, pretty simple.

[@JK-yd5ro]

I use credit cards all the time

[@dogelife7901]

i love credit cards and never pay off every month. did i mention i get zero % interest? plus they pay me a discount to pay bills and shop. thanks credit card companies, i'll sign up again in 2 years.

[@SynterraSteen]

Treadmill money

[@RosaX305]

I only have an Amex. It’s been paid in full every month for the last 10 years. Great plan.

[@ellenorbjornsdottir1166]

Register your credit txns on your cheque register.

[@IamPINKIEDaniels]

Money lesson 101 if you can't afford to save for something you can't afford to pay something off. Simple.

[@Mitzi73]

Actually that is false. Plenty of people who can’t afford things pay off their credit cards successfully. The problem though is that you never get ahead. You are on a perpetual treadmill. I know this well.

[@brandiphillips5775]

I spend less than what I have, use credit cards, pay it off early keep my credit score high.

[@wendi2819]

Exactly, rich people delay this gross instant gratification. They are taught very different habits. ( Old money not the loud nouveaus)

[@ellenorbjornsdottir1166]

@@wendi2819 new money. do you define it as new money or as loud money regardless of when they got it?

[@IamPINKIEDaniels]

@Punk Shark 100% i know this is true for a lot of people, i see people in the world working harder than me

[@dreddy_g]

And this is why I like being a minimalist.

[@stevethomas74]

I heard that!

[@TILLEYJS]

I agree. You(whomever) keep your stuff. I'll keep my sanity.

[@danielr951]

I think minimalist and cheap people like me are the only ones watching this videos 😂

[@simplybows1]

I wanna be a minimalist!

[@Weebwhacker]

@@danielr951 there are essentialists too tho. People who wanna enjoy life but agree that excessive living is empty and expensive

[@conniemartin4878]

Always making the minimum payment on multiple credit cards doesn't mean "everything's fine." Paying the balance every month - you're good.

[@roxcyn]

@@manicjupiterflute - It's a lot of people who think that.

[@nihilisticbarbie]

@@manicjupiterflute What does their ethnicity have to do with their expenses? I'm Mexican-American, and yet I save money every paycheck, have a healthy credit score, and pay off my credit card debit every month. I don't even like to use my credit card for expenses, just emergencies. Would you like to say that I'm stupid? It's more about seeing limits on yourself, and teaching yourself about budgeting if a parent didn't teach you. I've started reading personal finance books as well, as they offer a lot of helpful advice.

[@tinataylor4203]

I’ve never made a minimum payment

[@jacob_gang]

Exactly . The banks never lose and that’s what people don’t understand. You still get accumulated interest if you only make the minimum payment unless you have a 0 apr intro period but even then your debt to income increases.

[@elmagnificodep]

If you need a credit card, you’re not good.

[@CaptchaNeon]

*I’m so happy I listened to my grandma and never got a credit card, my house is paid for, my car is paid for and I have solar on my house. I could never get myself into debt, it’s just too much stress for me.*

[@shaniquamichaux1422]

Captcha Neon was it terribly expensive for solar? That is a great idea!

[@CaptchaNeon]

Shaniqua Michaux *Well it really depends, I mean there's companies who will lease a system to you, others who will lease to buy (usually between $120-$135/month) for full coverage which is often cheaper than electric or you can build the panels yourself for around $6 each.*

[@shaniquamichaux1422]

Captcha Neon omg! That is amazing! I like the cheapest do it yourself version, but knowing me I would mess it up hahaha. Thanks for the info and quick response!

[@CaptchaNeon]

Shaniqua Michaux *LOL you’re welcome. There’s a video online of an older couple who are retired doing it themselves, it looks very simple. You’re welcome! Hey if I can find it again, I’ll link it in a comment*

[@shaniquamichaux1422]

Captcha Neon yes, i would greatly appreciate that!! We need more helpful people like you in the world!!

[@wmurray003]

I know some people who always have to have a new car. CARS will RUIN your finances!

[@ashleyashleym2969]

Only if you're broke. I have a can, bought new too and my finances are very good. I'm far wealthier than the vast majority of people my age.

[@colewhiteley9951]

Cars won't ruin your finances in and of themselves. Car PAYMENTS however, will. Always pay cash for cars. Unless you have the money saved, you should be taking public transit or buying the cheapest car you can find that's functional for your job.

[@knowbodiesfull5768]

Cole Whiteley Or, if you already have a car that's paid for, keep it as long as you can, and keep it in good mechanical shape.

[@msarielwilliams123]

I agree. Buying a new car unless someone plans to keep it for 10+ years, is a waste of money. If having a new car is so important to someone, it’s best to lease for a few years, then do it all over again. I personal, like my cars used due to the rapid first year depreciation. Plus, I could care less about how much money people think I have.

[@spikefivefivefive]

Cars, cable TV, and cell phones

[@VikingLady219]

Damn, $43,000 in debt and 6 kids.....fuck!

[@steelcastle5616]

When they can't pay, guess who does.....

[@nachomanatjay]

20 credit cards? I had 2 and got nervous so now have one.

[@stephenriley6449]

Work in a Brothel and sell the kids to the Arabs

[@fatcat7303]

It adds up real fast if you don't watch it.job loss,medical problem .it's really not hard to rack up 43 grand worth of debt.

[@nicoleymacaroni]

+fat cat exactly

[@kdesi23]

This family has $40 k in debt but she still feels the need to be like “oh we have money! (ie we’re not broke) Yea...ok

[@vanaleyae]

Who in their right mind gets 20 credit cards? I'm sorry, but I freak out at the thought of more than 2 cards. 20 cards is just plain lunacy.

[@Vydio]

"I walk into Wal-Mart and it's tempting ...." I feel your pain ..... so start putting limits on how many times you walk into Wal-Mart.

[@TheRealEvvonne]

nguyenxuanmai that's a good idea!

[@sugarhoneysweets]

Milk is much cheaper at Walgreens, its a loss leader, they want you to come in for the cheap milk so you buy other stuff but not much at Walgreens tempts me anyway. Target is another story!

[@blackworldtraveler3711]

The Real Evvonne The only good idea I see was to invest in Walgreens and Walmart and spend less. I don't have money issues.

[@IamPINKIEDaniels]

Vydio exactly! I don't go to shops and I don't look at catalogues and it's amazing how little I spend compared to others

[@blackworldtraveler3711]

Samoyne Daniels Many of you are weird. No wonder baby boomers are so broke over 55.

[@mhodges9897]

$43,000.00 I would never be able to sleep. Stress would kill me.

[@supercrazydesi]

M Hodges me too

[@nnyv0040]

Yep!!

[@KipperBlueMushroom]

I can’t sleep at three thousand

[@barbaraleszczynski2214]

Any debt over $1000.00 is a nightmare for me. I can't sleep or function when I have debt. I would feel like I was in heaven if....I had 0 in the bank but at least 0 in debt. I can handle not having much money...but I cannot handle having to owe. Dear Lord...forgive me for my overspending...and give me grace to payback what I owe. I promise to mend my ways and do my best. I ask for no profit, but asked only to be able to pay back what I owe.

[@genericdeveloper3966]

If you eat enough tacos, it numbs the pain

[@theuglykwan]

Poor joneses, the most maligned and scrapegoated family ever!

[@LGnLA]

😁😁😁😁😁💯💯💯💯

[@ib1ray]

LMAO THOSE DAMN JONESES!

[@filthbomb]

HAAAAAAAA ! . . . now THATS funny !

[@V.E.R.O.]

Well maybe the Joneses can afford stuff and everyone is just trying to keep up 😂 It's not their fault everyone else is broke.

[@kateoloughlin8774]

@joel750 Rolling in laughter. 🤣🤣🤣🤣🤣 On a Friday evening in Ireland. Kate 👱‍♀️

[@Autumn_Forest_]

I’m amazed at the lack of basic math skills and self-control of people these days. The concept of delayed gratification no longer exists.

[@elizabethhayward570]

When I was a child and I wanted something my mum would say sorry I haven't got the money. I am careful with money now and am quite happy with what little I have got.

[@heyheytaytay]

Paying the minimum credit card payment is not "paying it off".

[@theoutdoorsman4548]

"LIVE LIKE NO ONE ELSE, SO YOU CAN LIVE LIKE NO ONE ELSE LATER." CASH IS KING." "BIG HAT, NO CATTLE." (DAVE RAMSEY)

[@jfloresdrums]

TheOutdoorsMan amen brotha!

[@lucyc1808]

Preach,Dave is amazing 😉

[@pacluv]

I know a Dave Ramsey fan when I hear one. I listen to him too. Good sound advice.

[@db4life925]

Beans and rice rice and beans. Your not going to see the inside of a restaurant unless you work in one. No vacations.

[@marcipalin9917]

Almost done with BS2!!!

[@armenianchik]

It doesn't matter how much you make. It does matter how much you keep!

[@etrnlygr8tful87]

How much you make matters of course...because that determines what you can and cannot afford, then knowing want vs need, what is important vs what you can go without. Do you have to go buy a latte everyday in Starbucks or you can avoid going if you brew your own? Like Pope Francis said..."we live in a throw away society." We purchase many things on impulse, so many things unnecessary, so many we just eventually just throw just because.

[@StudentLearning737]

etrnlygr8tful lol no such thing as impulse shopping. Just people not thinking of tomorrow.

[@DP-jy2ge]

This is so true. You can earn a minimum wage and become financially secure, or even wealthy.

[@lisalittlejohn8255]

You said it right!

[@lumilabonte3980]

Exactly...I know people who make over 500K/year yet own NOTHING which is sad. I also know people who make wayyyyy less and are home owners and drive used/but still nice payed off cars and are able to save because they did not drive up their credit cards.

[@a.citizen7668]

We need an updated version of Maxed Out! I've read the book and watched this. Circumstances are worse in many respects now.

[@mi-da2920]

If only we knew the half of those worse circumstances when you posted that comment.

[@DMRoper1]

They trampled someone to death just to SHOP??? That is madness.

[@MarcyJ2F]

I agree, that was the saddest thing about this video. But most ppl commenting on here want to point out how many kids the first couple has!! Wake up people!

[@Ndasuunye]

no...THIS. IS. SPARTAAAAAAAAAAAAA!!!!

[@MarcyJ2F]

The Uber Successful Go back to playing your video games, this is grown folks talking.

[@Ndasuunye]

@@MarcyJ2F ...I don't ownvideo games.

[@windsofmarchjourneyperrytr2823]

@@MarcyJ2F well, if you can't PAY FOR them, why keep having more of them??

[@9doggie12]

They need some Dave Ramsey

[@jdstep97]

Deuante, I LOVE Dave Ramsey. I've disagreed with him maybe two times. Otherwise, everything he says is such good advice. Paid-off debt should be the status symbol.

[@anairam1950]

Love him!!

[@ShiaGirl18]

YES! I love Dave Ramsey!

[@elguapo3811]

They need to stop having children. That's what they need.

[@brianmcg321]

I was going to say this. Lol.

[@foxhound34]

2:30 They refinanced the house and then "paid" the debt off, no honey you moved the debt and then jumped right back in.

[@joshuasherrill9801]

It's sad to watch this is 2019 and realize people are repeating the same mistakes.

[@yasnyne]

Joshua Sherrill This videos was posted in 2008

[@JK-yd5ro]

2020

[@geoffreycurrie9582]

J K it's crazy

[@secondact7151]

@@JK-yd5ro 2020 post corona. What do you all think now?

[@JK-yd5ro]

@@secondact7151 in regards to what?

[@safepethaven]

No sympathy for those unwilling to tell themselves and their offspring the word "NO"!

[@zunaiandre2341]

My question is who the fck was giving them these 20cards?

[@BeyondChange]

I make close to 100k a year. I shop at second hand stores, I never eat out, always make home cooked meals. I own my Car and I have no Mortgage or any credit card debt. I support a Family of 3 and I'm 36 years of age. Living a frugal life has allowed me to save thousands of dollars. The trick to saving, only buy things you need and dont buy things you dont need.

[@jacob_gang]

I know that’s right 💯

[@leesmith5925]

Six children! That is insane. They both work and that is commendable, but many people don't have the luxury of vacations because they are PAYING THEIR BILLS.

[@Michelle-pn9xt]

Working is commendable??

[@Michelle-pn9xt]

@Rich 91 sahparasite? Your comment makes no sense, and their comment does not make sense either because everyone has bills.

[@tinataylor4203]

I’ve been poor my whole life an finally have awesome credit. I’ve still never been on vacation or shopping trips. Keep it under 5% utilization at most. Glad I hate shopping

[@Rosetteismyname]

They are the typical pay check to paycheck style....other people do it too they don't save and invest

[@jacob_gang]

I have 4 children and I am no where near this situation. My first thought is how irresponsible they are and they are raising those poor children instilling bad habits.

[@davidsegura3274]

Self control. You can't say "They temped me" You have to say no or I can't afford that.

[@ib1ray]

Or even, "how can I afford that?"

[@DucatiQueen]

remember......everything the neighbour has , has probably been bought using credit. Their grass is astroturf........

[@Dataisthetruth]

Hell yeah. I was sitting in the atm line, and this guy in front of me had a really nice car. He made a mistake and left his bank balance, and he only had 1500 bucks in the bank. I had triple that at the time, and i drive a honda. People out here going into deep debt just to seem rich. Shit is sad.

[@Dataisthetruth]

HPPAV2003 that’s crazy and sad. That’s why we all need multiple streams of income. You can’t rely on a job.

[@anitaares8271]

Everything I have is bought second hand. XD

[@euenfheiejrj]

Lu Bu that doesn’t mean anything though. I have plenty of money but only keep a small amount in my bank’s checking account to pay off my credit card, Venmo, cash, etc. the majority of my savings (emergency fund and down payment) are in money market accounts getting more interest. I would say this the financially smart thing to do. I used to keep way too much in my checking account making hardly any interest. Waste of money!

[@liveinms9949]

everyone is complaining about 6 kids but did you see the tv and the gaming system

[@RedFlyingFox007]

All the dvds... Just pirate movies damn

[@shoryacione5175]

@@RedFlyingFox007 sure just break the law

[@ashleyabbott4859]

Can you imagine sharing a tv with 6 bothers and sisters idk I feel like the kids deserve a decent tv

[@dynamichunter843]

The TV & games aren’t that bad they can share it between 6 kids and get years and years of fun from a few hundred dollars vs going to Disneyland and blowing thousands in one day

[@bigvalley4987]

@@ashleyabbott4859 Yes I can and did share a single TV with 6 children and two adults. You will be taught quickly the art of compromising ☑️

[@louib716]

"When we had money". There. That's the problem. You NEVER had this money. You wouldnt be in debt if you did. Your thinking is still horribly flawed.

[@WillyPark]

how about a 'where are they now' update KPBS..........

[@nihilisticbarbie]

@Joe H * diabetes

[@puppicorn9640]

@@nihilisticbarbie lol!

[@debrawilliams7983]

She could have said "no" to the credit card offers!! That is just plain selfishness!!

[@bmw803]

It's not selfishness. It's plain stupidity and "IRRESPONSIBILITY" That's the new norm in North America. Blame everyone else for your fuck ups. And expect someone else to pay for it.

[@missmenchen4896]

Its so tempting for us spenders! Credit cards are like whooaaahh instant cash! Hahaha! Not until you maxx every card out and the creditors starts calling you nonstop, then reality hits you! 😂😂😂

[@playmatecaz]

Yup they live beyond there means.... Disneyland trips.... credit cards are not free money. What do they have to show for it......

[@deborahmeek6529]

Debra Williams yeah or after you say ye to one

[@ellenorbjornsdottir1166]

Being seen as creditworthy is a hard thing to say 'no thanks' to.

[@MsLovephoto]

I want to enjoy the life of luxury, but I know in reality I can't. I just don't have the money. If you don't have the cash to pay for a trip or whatever, why in the world would you use a credit card? You'll have to pay that back plus a ton of interest. People, don't think sometimes.

[@ghostgh0st]

Angelyn Love if you think about it, you'll enjoy a life of luxury without trying to buy the latter. Cause you won't be in debt and owe alot of things. You'll cozy, secure, and not a slave compared to the ones "living in luxury."

[@romyjugroo4542]

In my experience, luxury is,often, more than money can buy.

[@aliciaavila2892]

The fact this video is 14 years old and is still applicable today. That's sad.

[@y.peffle2802]

Let's see....vacations, dinner out, buying stuff you dont need with 6 kids yeah I wonder why you are where you are. I grew up the oldest of 5, immigrant family and my parents didn't use credit cards, we were always fed, had a roof over our heads and clothes on our backs (grew up in the 90s)

[@jacob_gang]

Okay first thing I think is why the hell people not cooking with kids like I rather spend 50 on groceries versus how much I’m eating out plus your gas/tolls.

[@skatergurljubulee]

If you buy literally everything on credit cards and carry a balance, you never had money. Debt, you had debt.

[@sunnysunshine6271]

Lucky me, I never heard of or met the Joneses nor did I care lol

[@IamPINKIEDaniels]

😂😂😂

[@robertmitchell8630]

Sunny Sunshine hi I am the Jones

[@TyronneRatcliff]

Lol.

[@knowbodiesfull5768]

I would have trouble keeping up with the Joneses without waking up the Reilly's. LOL.

[@Michelle-pn9xt]

@@robertmitchell8630 It is not the Jones, it is the Joneses which means two people and maybe a few kids.

[@MyLady22]

Good question: "Why is it that we want things?" It took me years to finally change my perspective on spending. It's hard! But now I don't want anything. It's now very hard for me to spend on anything. There is a lot that people can live without.

[@abrahamdsl]

The pressure to compare, because criteria for being selected as a mate. It's our fucking desire for reproduction. I so love r/antinatalism

[@marcipalin9917]

They need to get on Dave Ramsey baby step plan!

[@jblyon2]

I may not agree with everything Dave Ramsey says, but for many many people his way is the ONLY way they'll ever manage to fix their finances.

[@FourThreeSeven]

I make 40grand a year. Zero debt, 819 credit score. House paid off. Im 37, barely graduated highschool. The trick is to spend less than you make. EZ-PZ. Thank you for attending my TED talk.

[@GBU61]

And I am willing to bet you have never been married and do not have kids! Those two things will keep a man in debt.

[@FourThreeSeven]

@@GBU61 I have a 14 year old son. 50/50 custody. Never married. I do pay child support, but its low because of the custody

[@jacob_gang]

I know that’s right!

[@MarioHernandez-hb8eh]

Good for you

[@dontrll947]

@@FourThreeSeven oh so you are a half dad that explains it

[@alanmirell7448]

The thing is most of these people will go right back into debt after they get out of debt just like a drug. The thing is to stay out and live the freedom of no debt or little debt.

[@debrawilliams7983]

Walkman? Blackberry?!!! I know this is old!!!

[@DarkroomMedia007]

Debra Williams haha! right! but to tell you the truth I'm still confused because this documentary can't be no older than 2007 and walkmans been defunct. maybe he's the old fool that's old school and got nervous being shrouded in Shadows that you can't see that he's in his late forties or something I don't know... 😁

[@theuglykwan]

I still use my blackberry. I showed it to a cashier as I went to collect something I ordered online as the code was on it, she jumped back and explained she hadn't seen one of those for so long! I resisted the change to touchscreen as I like the keyboard but these days no apps work for it anyway so it's not like I do any typing!

[@ashleyashleym2969]

Blackberry is old??? I just had one last year or 2 years ago.

[@ashleyashleym2969]

+theuglykwan damn its really not that old!

[@theuglykwan]

Ashely AHSLEYM It is if you are talking about the ones that are pure blackberry and not the hybrid android ones. All i can do with it now is call and text mostly. Pretty much no apps I want to use still work.

[@skatergurljubulee]

I'd rather have money in the bank instead of debt. Every penny going toward interest for credit cards could be in the bank!

[@skaterzrule4]

skatergurljubulee lmao the bank also creates and controls your debt

[@xivwords5448]

I get the same rush seeing my value go up

[@STScott-qo4pw]

Umm... Banks... I have a bank that NEVER pushes credit cards or the re-fi trap. Ever. It's called credit union. :)

[@richardsanchez9190]

Hopefully you invest some. Cuz if you just have it in the bank it doesn't grow as quick and wont keep up with inflation.

[@jacob_gang]

@@richardsanchez9190 Amen. I always advise clients to diversify their portfolio and have other investment vehicles such as mutual funds, stocks, annuities, etc. Of course, always seek professional advice and just look at your overall portfolio and goals.

[@neil9381]

6 kids! contraception would have been cheaper

[@sharoncrawford3042]

No debt. Pay credit cards off each month. We only use them for convenience. Not because we want things we cant afford. Home paid off. Cars paid off. When I do buy clothes and shoes, handbags, I only buy on sale. Get the best prices I can.

[@schatzeeone6230]

Yes! 👏🏻👏🏻👏🏻

[@BryceJohnson88]

uploaded in 2008. those brand new cars are now worth about $4k-5k... lol sucks. I drive old used cars, always get my money's worth

[@jannd8170]

Mike Stevens How much money do you put into maintenance every year? I buy new and by the time I have to start putting money into it I've finished my payments. Then it's just little things for a few years before the body starts to go.

[@itrthho]

Jann D: I buy 3 year old Toyotas or Hondas, after 10 years of driving, then the maintenance begins. 10 years of no car payments. My oldest Toyota was 16 years old, still minor maintenance, and I only got rid of it because of the lack of safety features (built in 1984).

[@richardsanchez9190]

@@jannd8170 so you have car payments plus regular maintenance and when it's time to start putting more into maintenance you just start the cycle over?

[@GeneralChangFromDanang]

@@richardsanchez9190 Not to mention you're generally required to carry the highest tier of insurance while paying on a car.

[@richardsanchez9190]

@@GeneralChangFromDanang exactly

[@trinidadianbeauty1]

Man I have $160 dollars in credit card debt and I break out into cold sweats! Can't wait to pay it off. By the way I pay all my credit card debt in full every month and only spend what I can pay for! Thank god I learned how to manage my credit! Believe me it's tempting to just go crazy and splurge but I cannot afford to pay it back in full so I just don't bother.

[@lasgdle2777]

I'm with you!

[@NylonStrings83]

6 children ??? WTF man when you are so strapped on cash why have 6 children ?

[@iaJENKA]

there is nothing wrong with having 6 children, but if you do decide to have that many, you need to be prepared to never eat out, to be frugal with all purchases including necessities, to visit thrift stores and garage sales. It's people's materialism that is the problem, and not how many kids they have. You can have anything you want, you just can't have everything you want.

[@michellethompson7309]

@@iaJENKA Actually, there is a whole lot wrong with having six children. There are wayyyyyyyyyyyyyy too many people on this planet already and literally millions of children up for adoption. The last thing this world needs is more children.

[@itrthho]

You can even get reimbursed with a FSA when you buy condoms and birth control pills. No excuse for pumping out that many pups.

[@teresavalle4535]

@@manicjupiterflute Proud of it.

[@iironhide6209]

@@michellethompson7309 The problem is how we use our resources. We can feed 9 billion people right now for example

[@sharoncrawford3042]

People pay alot of interest on those cards too. Weve been debt free for over 15 yrs. Never want debt again. Credit that has to pay interest on a monthly balance will keep people in financial trouble.

[@helloeli7162]

I thank Kimberly Clark for changing my mindset when it comes to shopping. I started thinking "Don't Need It, Not Gonna Buy It!". That changed my life.

[@glennmerlini2895]

they will be back in debt guaranteed

[@243wayne1]

Back in debt? They will never GET OUT of debt.

[@TheJohnnymotown]

oh glenn you bet...……….they are primed....big spenders....6 kids...omg 6 kids

[@saturn3652]

@Xadion You had me in the first half, not gonna lie

[@CaptchaNeon]

*She said she was never going to use credit cards again, of course not, she’s been forced by having all of her cards shut down lol*

[@carlwhiston8672]

Captcha Neon Bloody breeder😫

[@thischickrighthere893]

I don't like how parents don't teach their kids financial responsibility or how to find deals.

[@blackworldtraveler3711]

Yeah I find it funny when people say I'm selfish because I don't want kids through the years. I made sure my nieces and nephews understood personal finance. Even started them saving,creating an emergency fund,and contributing to their Roth IRA since they were 12 years old. Heck my oldest niece is 24 and already have close to $70k in her Roth.

[@snookysnax]

this chick, kind of pointless to try to teach financial responsibility to 6 kids, when, they have 6 kids, and limited skills and ability to support any of them, let alone all of them.

[@bmw803]

Because the parents are the same. They teach their kids the same stupid shit they do. As George Carlin would say, "they just went to the mall to buy more stupid shit during the stupid shit sale".

[@pacluv]

Maybe because they themselves were never taught any financial responsibility. It's an endless cycle, and someone has to stop it before it will get passed on to the next generation.

[@SeychelleSunshine]

However, as parents, they signed up for a responsibility to learn things that will benefit their children so they can do better. If she spent as much time going to seminars on fiscal responsibility and money management as she does buying things she doesn't from Wal-Mart, they would be much better off. I only hope they are not one of those selfish parents who take things out in their children's name when they don't have to. That is illegal and can be horrid for a child's credit before they even have control of it.

[@esonon5210]

So the lesson learned is live within your means and not go into debt for stuff you can't afford and don't need.

[@irina383]

Makes me feel normal. I adopted a habit of not buying anything I don't need, no new clothes, or shoes, forget about house. I cook everything I buy- nothing goes to waste. I have an I pnone 4s, which I use for my job. I guess that's a good start

[@BoriPR82]

Dave Ramsey people

[@BigRed2]

A Font Racist

[@BoriPR82]

Big Red are you calling me a racist? I'm a browned skinned Puerto Rican who makes no excuses. I dug myself out of my mess, so can these people.

[@leilanidru7506]

A Font why did u say ur skin color and race like brown skin puerto ricans can’t be racist. Just saying u weren’t racist would’ve sufficed👌🏾😌

[@carolperdue7534]

Sergio, if everybody followed his teaching the economy would collapse. He wants to convince people to be happy living like it's the great depression.

[@javajive01]

Rev. Ike was the first. Dave Ramsey copied his lessons on how to live.

[@jennywinter3025]

Six kids tho

[@windingpath]

Max out credit card and give big tips at fancy restaurants. that's the way to go.

[@sitamcclellan3121]

And they went to Disneyland! I have more money than they do and I rarely take vacations. So expensive for something so temporary. When you get home, you spent hundreds of dollars and have nothing to show for it except some photos.

[@wmurray003]

@Sita.... that's why... you rarely take vacations! ...buahahaa....

[@lovethemflowers]

I wondered if that tip was in cash or just added onto the credit card? $25 tip one day, then somewhere down the road, her card is declined while trying to buy sand! Screwed up! Couldn't believe they racked up more credit after refinancing their house! I just said, "Oh man, no!" when I heard that.

[@CaptchaNeon]

windingpath *Damn right, if you’re going to be in debt might as well have fun doing it lol*

[@blackworldtraveler3711]

windingpath Many baby boomers thought that way. They said things like "live for today" or "you can't take it with you". Now they work until they die paycheck to paycheck.

[@jcarlson2727]

Really enjoy camping (tent) about 10x/year.. Perfectly happy sleeping in a tent on an air mattress - some beer, burgers etc.... really makes you realize you don't need much to be happy, and how much excess most of us have... i suppose there are things we all "want" but after basic needs are met... really they don't seem that important...

[@jannd8170]

"I was making the full payment, I was making the ...$150 payment on the credit card". Aw honey, that's the minimum due, that's exclusively going toward the interest and your principle isn't being touched. And honestly, you made your life difficult when you decided to have 6 kids as a lunch lady, no one can afford 6 KIDS and apparently the ones that can know better. It really seems like they don't understand how money and debt work.

[@jannd8170]

I wrote this before I saw that she also took her 6 kids (!) to Disneyland! You pretty much decide when you have that many kids that you're not going to be able to afford stuff like that, or eating out. Imagine a restaurant bill for 8 people every time, my heart flutters. Also why are you buying sand for your child's preschool? If they can't afford it then the kids won't have it, it's not your job to swoop in like some wealthy benefactor and provide for them when you can't even handle your own bills!

[@elizabethhayward570]

@@jannd8170 I used to work with a woman who always said she was in debt. Then she would go out and buy herself a diamond ring for about £3,000. She had a houseful or dolls all different sizes she must have had about 1,000 I kid you not. I do not envy her one bit. She does not have any friends because she is a proud and haughty person. I would rather be me with not much.

[@macfries101]

Credit councillors are the best! Good on him!!!!!!!

[@achaidez93]

People are just stupid. It just doesn't make sense to me.

[@ToniA5555]

How much sense does it take to see that when you charge something, you pay much more for that item?

[@fredflintstone2234]

ToniA5555 not if you pay it off in full at the end of the month.

[@windsofmarchjourneyperrytr2823]

Or use no interest loans. Stores have those sometimes

[@sasyaharry4046]

Open a joint account, funnel majority of your incomes to that, pay all bills, put rest in savings. Keep pocket change for personal use. If you can’t pay in cash, you can’t afford it.

[@matty2time]

Legend has it that Denise Rayas is still paying off debt

[@herbiehusker1889]

No, she's just avoiding it.

[@nihilisticbarbie]

She probably is tbh

[@ellenorbjornsdottir1166]

Legend has it she's in new debt and less of it.

[@bigvalley4987]

It is a hard habit to break. However, it is doable. Just remember how it felt when you were drowning in debt. Very good deterrent.

[@fauxmanchu8094]

Why on earth do people have six kids? That is financially stupid. People have such a sense of entitlement.

[@steelcastle5616]

You don't know about how they make kids? Go talk to your mommy....

[@Magdalena287]

Louella Wilson Yeah it was the kids not the credit cards....

[@Twinkie989]

I have 5, but can easily afford them and to fully fund their college. I don’t understand doing it without crunching the numbers.

[@sarabera325]

When I see poor people with a lot of kids... Just smh...

[@leidya7070]

It's called NO SELF CONTROL! Both with procreating and credit card spending. I don't feel sorry for them.

[@genericdeveloper3966]

and eating, lol

[@MrTmenzo]

@@genericdeveloper3966 dang messed up heuhue

[@wolftreetree]

You know when I was a child I grew up Catholic and greed was considered one of the seven deadly sins if I remember correctly.

[@CaptchaNeon]

wolftreetree *That’s truly ironic considering how much gold Catholics surround themselves with*

[@Newlinjim]

Religious doctrine is why the poor don’t use birth control. They are told god will provide.

[@caryrevilla6707]

Gluttony and slothfulness

[@windsofmarchjourneyperrytr2823]

@liveyourbestlife but, truth time? You can walk into any city college and start classes for little to nothing. Not making enough working full time means YOU effed up. Nobody else. You don't have any skills people pay well for. Now, whose fault is that? Add kids, and again, your own fault. Jmo I've seen FIVE adults want to rent and just got a REALLY BAD feeling. Know why? Friggin taking government money, "gimme, gimme, gimme," lazy mfs. FIVE ADULTS?? Nobody is WORKING??? Was McDonald's NOT hiring today?? Yeah. No. Not happening. Hard AF to get lazy losers OUT, once they trash the place and let their crackhead buddies come over. NO. Rent to lazy mfs in your building. Watch them scream when you tell them it's 50.00 app fee per adult and 750 credit rating...that'lll keep the lowlifes out. Then they wonder why you don't rent to them. Lol.

[@Irene-gq4jr]

This was 10 years ago. I remember so clearly picking up a newspaper in Edinburgh airport the morning the news broke about the Lehman Brothers crash and thinking 'We are about to live through interesting times'. The year before that Tony Blair's Labour Government in the UK were busy selling our gold reserves at bargain price and spending like drunken sailors to 'boost' the economy - basically inflating a bubble to the background tune of 'Things can only better'. How wrong they were. While some of us saw disaster looming many people had taken out a bunch of credit during those times based on their well paying jobs, then lost those jobs thanks to outsourcing and the ripple effects of banking insanity. Jobs that became available paid less and they were squeezed. I hadn't always spent wisely and had no savings, however I got a good redundancy payment when it was my turn to lose my job, I wasn't in debt other than my mortgage and have very employable skills. I had also set my life up with the plan that I could live ok on 2/3 of my earnings if I cut out the 'wants'. To me, nothing was hard about this and it was an obvious strategy, so when disaster hit I was well placed to ride it out. These days I don't even want half the things I already have and don't give a toss about what anyone else has. Life is much easier like this. No-one really cares what you have except you. Your image only matters to you, so wise up and think about why you care about all this crap. It's a tragedy that 10 years on it seems we've learned nothing, it's as if society has sleepwalked into believing debt is a fact of life. *Your* debt only makes $m dollar bonuses for the corporate psychopaths in the banks and corporations that caused all the problems in the first place. It really doesn't have to be this way.

[@euenfheiejrj]

I come from the future. 2020 is a crazy year

[@samanthafreeman4315]

​@@euenfheiejrj 2024... lemme tell ya

[@consciousliving5959]

"Our western world is spiritually bankrupt" ... I love that. If you're spiritual, you'll know how to calm yourself. You still need to be financial literate.

[@hughrblackwell]

I can make 30% a week. My car is 14 years old. Not looking for a new one. I pay cash for land or property when I want it.

[@grandpapete417]

RB Forex Coach Mine is 15 years old

[@p.capes1]

@@grandpapete417 Mine is 17 years old

[@nob5710]

This is the stuff they need in high school on their "movie days"

[@mikieson]

For those of you who think you don't have debt remember.. Anything you pay monthly for is considered debt. Not just credit cards, homes and cars..

[@shoryacione5175]

But everyone has a phone...

[@ellenorbjornsdottir1166]

When people say they are in debt, they mean debt that's due.

[@lasgdle2777]

Yes, however, a home is an investment, an asset that generally appreciates in value each year. We all know that cars depreciate in value as soon as you drive them off the lot. Phones are another good example. Some people just have to have the "latest," whether they can afford it or not or need it or not! Do what you want with your money, however, don't come crying and expecting the government to bail you out because you're now drowning in debt!

[@sandramarten3495]

Rent

[@sheilajohnson6478]

My house is paid for, my car paid for and no credit cards. I want to enjoy life and travel. Stuff is just stuff.

[@laurastockwell3220]

I've always live within my means and it's really worked out for me I'm 45 with a paid-off house a nice car you just got to do the right thing with the money you have

[@windsofmarchjourneyperrytr2823]

Lots of places you can't buy a reasonable house, tho. Can't happen. Not a condo where they tell you what to do all the time. House. 2 car garage. You'll get shot anywhere you could afford. Or it's a 3 hour commute. One way.

[@fred6059]

Most people think children are free so they have more than they can afford.

[@sherry4914]

Well America’s healthcare is expensive, so it’s hard to prevent pregnancy. And people have been slowly succeeding in eliminating planned parenthood. So, what do you expect?

[@jacob_gang]

Okay if I didn’t have children at this age I would completely avoid men so serious 😂

[@markmyjak7739]

I would like to see an update as to where these people are now (2020) in their finances.

[@johndoe-wv3nu]

I'm single. I own my home, no mortgage. The kitchen and bath needs updating, I'm saving for it, what I have works. I have 4 credit cards with a balance of $60.00. I have one 0% interest loan. I also have a savings account at that same bank with the money to cover the loan, auto pay. I drive a 2000 Nissan Frontier and a 2013 Toyota Corolla, both paid for. I know the difference between need and want. I know that there will be an "unexpected" vet bill or my car may "unexpectedly" break down. Ahhh anyway, the Jones's can kiss my ass lol cause if they knew how well I sleep at night they'd be jealous.

[@kaismith9878]

That’s how I wanna live, I’m 22 and looking for career advice. What field you in?

[@thecrazeecow1682]

Lol I love vintage kitchens and interiors so I’m lucky when it comes to cheap housing that looks good to me

[@ruthannwomick7490]

Years ago when I worked in the mortgage dept of a bank, we were told that when people used equity in their home to payoff credit card debt, they rack it back up within 2 yrs.

[@doyourbest.9554]

Stop blaming the Joneses and blame yourself! Stop blaming Western society and blame yourself! The Bible says the borrower is slave to the lender. Nuff said.

[@ohyekrokites6539]

This is my moms advice and I'm seeing more reasons to follow it

[@skatergurljubulee]

I mean... I don't think the country is "spiritually bankrupt". I think a lot of people use things to fill a void in themselves, but that's not the whole country. They may not have any self control, but that has nothing to do with the people who do have self control.

[@justinchambers5152]

I took 6yrs to pay of a lounge sweet and clothes on a Farmers credit card when i actually should had accomplished the debt within 2 yrs...its an easy trap to fall into but after the amazing feeling of making the final payment after 6yrs and them coming back at me with more offers, i went down to my local Farmers store, to the nearest counter and cut my card up in front of the salesman telling him that they have the highest RIP OFF INTEREST out of all the department stores and never to this day 30yrs on, got another credit card from anyone and have been debt free for over 20 yrs....amazing feeling. Its just simply not worth it and fuck the Jones`s

[@windsofmarchjourneyperrytr2823]

But...you signed for it, without reading any paperwork, I guess...? So, whose fault is that? Jmo :)

[@valerieiceni7429]

I learned valuable lessons in my early 20s when I let a man manipulate me into going into debt and disappeared. Was I young and dumb and didn't know. Not anymore. I'm older, wiser with a FICO of 800+, no debt, 2 credit cards paid completely every month. I learned the difference between a want and need Feels good.

[@JeffreyGillespie]

I am a radical. It is 2019 and my monthly expenses are $1,550 including rent. I live in a major West Coast city in what is called a "microstudio". I make $1400 a month working part time in a museum and writing an occasional article for the paper. I used to be corporate and paid cash for my car before I left that life, where I was literally earning 7 times more money...the point being that I do have a car that is a year and a half old and only has 5000 miles on it as I lived in the middle of Portland and can take light rail or walk everywhere. I expect the car to last me 30 years since I only use it for trips or to go visit friends on the other side of town, or help with the occasional move. The apartment I live in is 150 square feet and I sleep on a single bed, but the building is new and attractive with a view of the West Hills. Street parking permits are $180 a year, less if you make under $40k. My health insurance is paid by the state...I have dental and mental health included (should I ever need it!) . I have a little bit of money in savings and am currently subsidizing the shortfall ($150-200 a month) out of that, which will last me 8.3 years at the current burn rate. I will qualify for a fairly healthy social security when I am 65 because of my corporate years but crucially I am not sitting on a chunk of money from that era. I'm 45, have no children, no serious relationships and no pets. I realized quite a while ago that this is basically a European lifestyle that I learned in my country of birth (South Africa) to my American parent. The problem is that Americans spend too much and are heavily conditioned to keep up with the Joneses. This is an American problem and I believe it has a great deal to do with the idea that the American Dream is still attainable. It really isn't. Better to live with low, low, low overheads and to raise young people to think in terms of frugality and not necessarily having three children, two cars, a large mortgage etc. but rather thinking about the possibilities and freedoms associated with avoiding instant gratification. I am comfortable and happy and will never go back to the grind.

[@Csdc20]

Live within our means, 12 year old car, 0 credit card, paid off our house. The only thing wife and I are maxing out are our retirement contributions. What a feeling. Who gives u crap about the joneses.

[@carlengel4760]

6 kids?

[@steelcastle5616]

That's why I support oral sex for women! Just say'in....

[@StudentLearning737]

carl engel i want 20 lol

[@mahalko5928]

“Consumers feel good when they buy” the man speaking looked like the devil’s advocate 😭😭😭

[@chanelchanel7402]

As George Carlin rightly said: America's best hobbies: shopping and eating! "Huge piles of redundant protoplasm lumbering through the malls massive bellies monstrous thighs big fat fucking arses"... disgusting yukkk

[@Ndstars1]

Here are 6 words to live by: Comparison is the thief of joy.

[@derbysouthwick7360]

Absolutely agreed upon that comparing yourself with others is the thief of joy, it's Billy tools what you have and makes you ungrateful for what you're creator and Lord has given you.

[@derbysouthwick7360]

I meant it belittles what you have

[@bbygirlk94]

My jaw dropped when she said they had 20 credit cards, like omgggg