What was the hardest thing to sacrifice? - Financial Q&A

[@Caseyd1966]

No hate from me but I use my credit card for almost all of my expenses. I track my spending through my receipts, and I pay off the total every month. I have used the points to pay for flights, hotel rooms, car rentals, Disneyland tickets, movie tickets etc. Maybe those points aren't necessary for a millionaire as Dave points out, but they sure are to me!

[@MsAnna4040]

Cassandra Duchaine ..most people aren't as responsible as you and though they have good intentions, they don't pay off every month. You have good discipline!👍🏼

[@Myfrugallife]

We use credit cards for everything too. I get the rewards, free money, from buying the things I would buy anyways. Every penny helps.

[@alishadurbrow9254]

This whole process has really helped you to grow up and really become a fully fledged adult. You make active choices, your choices are a result of thought and care. I'm impressed and you are an inspiration to me. Well done 👍🏻

[@jahbeauty1]

Your AwesomeSauce I signed up for Cap 1 360 because u mentioned it in another video.. n my current onlibe bank charges me 9.99 every month cant wait to shut that down... n will be funding with my paycheck this Friday. . n I did a savings as well.. but now i think i want to set up another saving account for my baby emergency fund. . so excited to start my debt free journey. . thanks so much 😘😘😘

[@AprilHollySmith]

I just had a moment of panic. I saw "smoke" in the background. Then I realized it was the diffuser. #FacePalm

[@hfrankery]

I totally agree...changing habits is so hard. We used to eat out all weekend long...it was really hard to change that.

[@maureencairney9549]

I am 100% with you on the credit card question, I have travelled extensively in and out of Australia and never had to use one. Our debt free cruise which we are taking in September is all on being paid for with cash and debit cards.

[@heartquaked]

So thankful I found your channel!!!

[@talishamelluish1878]

I really enjoyed how you responded to cultivating and being choose-y about what you bring into your home. I have a major shopping problem and have watched you for over a year and a half and have often contemplated starting a channel in hopes that it will help me like it did you but it scares me. Thank you for being so honest about all of your journey!

[@heathermayfield4247]

I agree re credit cards I don't have one and use a debit card for everything, and I travel all over the world! Currently in Malaysia and using just a debit card.

[@PenniesNotPerfection]

Not shopping mindlessly is something I've had to work on and give up! My friends have always loved shopping and I'd go along and buy whatever without thinking it through, so now I'm much more considerate.

[@WendyValencia]

I did not sacrifice much in the beginning but over time we started to sacrifice a little more and gradually we gave up huge amounts and I am totally okay with it.

[@WendyValencia]

Julie Anne Price i feel ya! It took me 5 full years to actually get mauricio on board!!!

[@AprilHollySmith]

That is how it worked for my family also. Not a bunch of changes as first, then we started to look for ways to cut. Trimming more and more over time.

[@freedominabudget]

I used to be the exact same way in my shopping habits! I thought I was being thrifty by buying items on clearance but I never ended up using those items!

[@TruFinancials]

Hardest thing to sacrifice for me is not adding to my retirement account at this time. Do you see yourself saving for a 100% down payment on a home one day?

[@PenniesNotPerfection]

TruFinancials oooh, good question!

[@donewithdebt4696]

Shout out request: I just finished baby step one!!! I'm so excited to start attacking this debt with snowballs, but I think the creditors want cash. LOL!!! Thanks for your channel girl it's a real inspiration.

[@nicolesanchez9714]

Girl!! Preach about those CC's :) I agree with Dave 100% on this too.

[@bonitajordan6825]

I did not travel out of my country in 2018, cooked many more of my meals from scratch, meal planned using flyers, greatly reduced the frequency of eating out, budgeted my tithe, banned myself from meaningless shopping (because I was bored )and am decluttering my entire house one room at a time. As you say it comes down to living intentionally.

[@WorkVideo100]

Thanks for making these videos - it is uplifting and motivating for me to get my financial sh** together haha

[@lynns.5502]

Rory seems to have made the move to Texas so easily. Love Capital one 360!

[@Allisondlyn]

I've even reserved a hotel room with an empty visa gift card. Then at check in changed the card on file to my debit.

[@MeganBecnel]

that's a great idea

[@silvercarolina4045]

As you move from room to room I keep seeing things we both have. Vintage sewing box beside couch 😉

[@teresajones5973]

I agree about how we just buy stuff. I'm getting ready to retire and have been cleaning out and wondering why I ever purchased many items I never use!

[@btscray1576]

Im a teenager and I was inspired by you. In your case you want to earn money due to your debt or you want something to buy. In my case i really want to get something for my family for their birthdays or christmas but i dont have a job or anything. I am old enough to get a job, but im a beginner and i tend to be shy. I still have school so i dont know how im going to control having school and job at the same time. Also when me and my friends go out, they all have money on their own but when it comes to me i dont. I always ask my mom but shes a single parent and i want to be more independent and not ask her because i am not the only child. I want to know, (from your previous video) what side jobs or online jobs that you can get payed for? OoooOo i am wondering if you still sell your books for money is it actually legit? I want to try it for myself maybe this is something i can do to get something for myself and my family. I really want to know if it actually helped you! Thank you! IM SO PROUD OF YOU!!❤

[@keiratarryn]

I wasn't able to use my debit card when I got to a hotel. They absolutely wouldn't take anything but a credit card. I couldn't go to another hotel because I was part of a group trip and we had booked ahead of time. I was happy that I had a friend with a credit card...but now I have a cc so I'm never caught off guard again. A friend of mine uses her credit card for every thing anfd pays it off every month. She mentioned that last year she saved $2400 for travel. I know not everyone is so responsible but I don't think there's a one rule fits all in this case.

[@WendyValencia]

I lived in Nicaragua, Mexico and Colombia and have travelled extensively all over the world. I have never needed to use a credit card to travel. The only issue I have ever had was renting a car but there is always someone who will rent a car to a debit card. I will not say that a last minute trip does not impact a zero based budget...BUT a sinking fund would fix that for sure!

[@roachums123]

Like you, I travel all over with my debit card and never once have had an issue. The credit card industry is very good at making us think we need their product. That said, if people want to use a credit card, more power to them. But it's not a necessity.

[@mamaknows1062]

Our bank charges $5.00 for any savings account balance that dips below $300.00 at any time. So if today you had balance of $320.00, used $25.00 and replaced it 2 days later to get balance back to $320.00, you incurred a $5.00 fee. Our kids while learning experienced this about 3 times before realizing $5.00 is real money. So, check your banking policies over and when banks send you new information on changes their making, read it well. Awesome job your doing Sarah. Even Rory's happy.

[@XeniaAllen]

I use my debit card all the time for traveling. Many years ago debit cards were not generally accepted, but that has not been the case in at least 10 years.

[@rev.ruthe.gallot9103]

the only time I had difficulty with not using a credit card is when I had to rent a car (emergency... long story). Most Car Rental places will not accept debit cards. However, Enterprise Car Rental will... so that is who got my business that day.

[@ElissaPancoe]

In terms of spending more with credit cards, I think it's the same with debt cards because you're swiping plastic and it bypasses the part of the brain that feels pain when you see cash disappear.

[@Elena-er7zp]

I love how everyone likes to post what a badass they are when it comes to managing credit cards. well let me tell you, I am the one who proves Ramsey’s rule true! Shredded all but one card, well 3 months later I charged a $900 vacation in some random fit of whatever one night. Shredded that card when I woke up in the morning. It’s just too easy to feel like you have it all under control and then bam! You have a balance.

[@jenn7753]

I respect people that can use credit cards responsibly. They are very dangerous for both my husband and I because we are very much impulse buyers. We have closed all of our credit cards except the one that can only be used for medical expenses and will truly only be used in an emergency that is more than what our emergency fund will cover. I feel like a weight has been lifted off me since closing those accounts and knowing I won't be tempted to spend money that I don't have.

[@MoNATUREnique]

I've never had an issue with booking flights or anything with a debit card. I even went to Jamaica with a debit card.

[@sophia_megan]

A debit card works like a credit card in situations like reservations

[@murph2629]

I understand why Dave Ramsey is so against cc's--most of the folks following his plan have had serious issues with them and that is how he makes his millions. I use them to my advantage. I do have a monthly budget and track my expenses but use the cc to pay them. Trick is to not also spend money in checking account, LOL. For example, I'm getting new doors for the house which will cost $4,000. I have the cash but will use 4 new cc's (2 for DH; 2 for me) that will give us a total of $800 cash back. Once that $$ hits, I will transfer to our checking acct. and cancel the cards. I will then use the $800 to buy 2 barn doors for our closet . Of course, I will use another cc for this that will give me $150 cash back. And so it goes... I've never paid a penny of interest, nor annual fee. I'll get another card before December when our property taxes are due--$$ is in our account and I'll have to pay a $75 fee, but I'll get $525 in travel money. Since our kids are all out of town, it will get us about 3 round trips to San Diego; or 1 to San Diego and 1 to Nashville. I have a spreadsheet of which cards I've gotten, when, and when they've been cancelled. Over the years, we've received thousands of dollars in rewards at no addtl. cost to us. Works for us.

[@irhonda31]

Great video!

[@debtfreebree9172]

What's your opinion on keeping the ER fund in cash?

[@michelemcgill1720]

I've never had a problem paying with a debt card. Haven't had to use a credit card.

[@susanasimonable]

lol...im hungry...what a surprise. I can so relate and also to the large amounts of useless bedding :/

[@wrigs4prez]

Do you plan on buying a home in cash? If not, how will you establish credit?

[@MsILoveCrayons]

on the capital one 360, is the checking and savings money guaranteed? like FDIC, it's confusing because of the little disclaimer at the bottom of the page.

[@JB-fp2ik]

I’m in Canada and it’s almost impossible to solely use a debit card. Kind of crazy how different it is here than the USA. My bank doesn’t offer any kind of visa debit, so unless online takes PayPal you have to use a credit card. Unless I just haven’t found the work around yet lol love your journey and your videos

[@BudgetGirl]

that's nuts! thank you for sharing! I love hearing how different areas are!

[@Yollande16]

hello budget girl! my friends know that i am a serious budgeter and they always throw comments at me like "what if you die tomorrow" or "we are all going to do die so better enjoy your money". what do i reply to such comments?

[@nicolasmith11]

Yollande Melki if you're looking for a quick answer - BG made a video about this a little while ago called something like "what if I die tomorrow?"

[@MaricaIvica]

Yollande Melki You can say "that's your opinion". We all can have opinions. You don't have to explain.

[@annewatkins6210]

Yollande Melki, I say, "What if I live to be 90"? Statistically more likely than dying tomorrow.

[@patriciafisher3108]

That is a good reply. @@annewatkins6210

[@JavaFirst]

I agree about the credit cards. They are not necessarily a bad thing IF used properly. Question: We have medical bills and cc bills. Most cc are paid off. We have been attacking it like this first cc then medical because we are not getting charged interest with medical bills. As we have paid down most consumer debt we have started paying our medical bills. How would you do this is my question cc's first then medical as you are not getting charged interest for medical? Also I have one medical bill that is quite large and it is on my credit report. How would you go about paying it off? By this I mean would you call the collection agency and try to get a cash pay off that may lower the rate or just pay that off? I've not had much success in the past with trying to get a cash payoff for some debt then again you never know. Maybe I've answered my own question. What do you think?

[@CoffeeBuzz]

I love these videos! I have a question for you. When Dave says save 15% for retirement, does he mean gross or net? Also, I have 10% automatically taken out for my pension. Does that count as part of the 15%? Thanks!!

[@myjoysunshine]

j falia I believe Dave is talking about 15% of Gross income. I have heard him say don't count any company match towards that but not sure about the pension though.

[@andrearoth3203]

What do you miss about Mena?

[@rebeccacombrink9238]

I have a question for you about emergencies- I have only just started saving my emergency fund but I need new glasses (my prescription will be going from 2.75 to 3.5 and the headaches have started to get pretty bad). Do you consider glasses an emergency?

[@OhMaryJo]

Rebecca Aurora I think glasses are an emergency now, but I'd start a sinking fund for future pairs.

[@rachelelizabeth7036]

I would consider this as an emergency. But then start a sinking fund for the future 😊

[@MyRose889]

I'm not sure if you have answered this question before but how do you build credit?

[@cindyhetzler4333]

If youre as poor and ona fixed low income lie me, credit cards canbe a lifesaver.For instance i really needed a new mattress, my old one was lumpy , i didnt want to take the $300 out of my emrgency fund, so i used a credit card.I dont have family to help me in case of emergency, so a credit card is a backup plan for me.

[@BudgetGirl]

But now you have to pay off that with interest whereas if you took it out of your efund you would only have to pay yourself back.

[@rochellethundercloud346]

for us the biggest sacrifice is eating out. and for me.beauty products and services. I have plenty of makeup.I can cut my own hair.I'm able to do my own nails. much cheaper.I do want to color my hair but am holding off.the dye I want is $14 per box.that money can go to our electric bill.our apartment is all electric.he wants a new game system.all well and good.but with no power kinda defeats the point of having it. plus it's hella hot now where we are.air conditioning is always on.plus a small bedside fan.box fan.and ceiling fan. we have no choice. I have really severe asthma.we have a cute black cat.if my asthma flairs up during a blackout and my inhalers fail.I'm well and truly screwed

[@aleksandrasidel5412]

If you don't plan on having credit, then do you plan on buying a home in cash only ?

[@adultingresponsibly650]

I am so jealous of your american debitcards! In Europe we always use Maestro or our debitcards and airlines and hotels do not except that one (or at least not when I asked them for it)

[@stellabobbins5226]

I'm in the UK and book everything (hotels, travel etc) with a visa debit card and no problems

[@OhMaryJo]

Credit union!

[@jeniray-cozzens128]

I totally agree... pet snakes and spiders... not necessary 😆