A woman fell back into $44,000 of credit card debt in under a year after paying it off before. Ramit Sethi pushes her to stop using spending as a reward and build real habits that stick, not just track numbers while eating fast food.
We were like, we have all these credit cards that don't have any balances on them. Do whatever we want. And then we did whatever we want. And then we went right back into debt.
$44,000 in credit card debt wasn't necessary.
How long did it take you to go from out of debt with your credit cards to back in debt? I think it was less than a year, maybe.
We could lose everything. House, car, our entire livelihood.
What are some other ways to reward yourself that's not spending money?
I don't have one.
That's how I always rewarded myself.
I know I want to change, and I think I had convinced myself that I was changing.
Just to put it very bluntly, you cannot actually change by tracking 250 numbers while eating Chick-fil-A 10 minutes away from home. Those two are incompatible.
