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cover of episode The Price Isn’t Right: How to Stop Overspending and Stay Debt-Free

The Price Isn’t Right: How to Stop Overspending and Stay Debt-Free

2025/2/3
logo of podcast NerdWallet's Smart Money Podcast

NerdWallet's Smart Money Podcast
AI Deep Dive AI Chapters Transcript
People
A
Amanda Barroso
M
Melissa Lambarena
S
Sarah Rathner
Topics
Amanda Barroso: 我进行了一年的低消费挑战,目标是减少财务压力,过更有计划的生活,并能自由地计划新的体验,而不会感到内疚。我的具体规则包括:不买新衣服,只买高质量的二手衣服;不买非必需品,如化妆品和家居装饰品;不买新书,除非是生日或节日礼物;不给孩子买新玩具,除非是生日或节日礼物,我会采取玩具轮换的方式。为了避免失败,我会预先计划一些可以花钱的日子或活动。我会用纸质计划本追踪我的进度,绿色标记成功日,突出显示并记录失败日的支出金额。我也在手机上创建了一个笔记,记录下我想要但没有购买的东西。延迟满足感能让我对自己的消费习惯更有责任感。我认为关注自己拥有过多的东西,可以帮助识别过度消费的领域。 Sean Pyles: (主持人,引导讨论) Elizabeth Ayoola: (主持人,引导讨论) Sara Rathner: (主持人,引导讨论) Melissa Lambarena: 长期负债问题的解决需要意识到并承认自己反复陷入债务循环,寻求帮助是下一步。如果债务问题不是由于意外紧急情况或资金不足导致的,那么建议寻求财务治疗师的帮助,以识别并解决潜在的与金钱相关的行为模式和习惯。摆脱债务循环的第一步是重新审视预算,确保在满足基本需求的同时,也为娱乐和享受生活留出空间。对于容易冲动消费的人来说,停止使用信用卡,改用借记卡或现金,或者使用现金信封法,可以帮助控制支出。设定一个明确的财务目标,并制定一个包含娱乐和享受生活预算的现实预算,可以帮助你坚持你的财务计划。学习拒绝不重要的事情,并追踪你的支出以了解你是否偏离了预算,可以帮助你更好地控制消费。审视你的信用卡账单,找出那些不必要且没有带来快乐的支出,并取消不使用的订阅服务,可以帮助你节省开支。如果需要帮助,寻求专业人士的帮助,例如财务治疗师,可以帮助你解决与金钱相关的行为模式和习惯。

Deep Dive

Chapters
This segment explores the concept of a 'no-buy' year, offering strategies for mindful spending and breaking unhealthy financial habits. Amanda Barroso shares her personal experience, rules, and tracking methods, highlighting the importance of intentionality and delayed gratification.
  • No-buy year defined as setting spending goals for a period, not necessarily a full year.
  • Importance of mindful consumption and resetting spending habits.
  • Strategies include avoiding new clothes (except thrifting high-quality items), limiting non-essential purchases, and utilizing libraries and used bookstores.

Shownotes Transcript

Break free from debt cycles and rethink your spending habits with tips on no-buy challenges and financial therapy.

How can you stop falling into a cycle of paying off debt, only to rack it back up again? What is a no-buy year, and how can it help you control your spending? Hosts Sean Pyles and Elizabeth Ayoola discuss strategies for breaking unhealthy spending patterns and staying out of debt for good. They begin with a conversation about the benefits of a no-buy year with NerdWallet personal finance writer Amanda Barroso, who shares tips on setting clear spending rules, resisting impulse purchases, and tracking progress to reinforce financial discipline.

Then, Sean welcomes co-host Sara Rathner and personal finance Nerd Melissa Lambarena to dive into a listener’s struggle with recurring credit card debt. They discuss the psychological factors behind compulsive spending, the benefits of financial therapy, and practical steps to curb overspending, including strategies for budgeting, limiting credit card use, and practicing delayed gratification.

Read NerdWallet’s write-up of the best no balance transfer fee credit cards to help you compare your options for ways to climb out of debt: https://www.nerdwallet.com/article/credit-cards/best-no-balance-transfer-fee-credit-cards) 

In their conversation, the Nerds discuss: credit card debt, how to stop overspending, no-buy year, budgeting tips, financial therapy, money habits, debt cycle, breaking bad money habits, impulse spending, debt-free living, financial discipline, how to stop using credit cards, saving money strategies, debt management, mindful spending, financial goals, spending freeze, personal finance tips, credit card traps, emotional spending, how to budget, debt repayment, how to stay out of debt, no-spend challenge, frugal living, debt-free journey, saving money on shopping, financial accountability, budget planner, financial self-control, spending detox, credit card debt help, how to stop living paycheck to paycheck, best budgeting methods, overcoming debt, financial self-awareness, debt-free motivation, and how to track spending habits.

To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]).

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