The Financial Diet blog:
Hey guys it’s chelsea as you can see feeling very relaxed and casual and also glass is free for all of you who’ve been yelling at me in the comments about the glare because this week we’re doing something a little fun which is a very sort of off-the-cuff q&a about some of the more embarrassing elements of my money life and because everything should be fair and
Balanced lauren will be doing one of her own in just a few weeks full disclosure these are some seriously embarrassing money questions that i have not rehearsed any kind of answer to because i’m going to be hashtag brutally honest let’s get started i mean there have been literally so many but probably the biggest one just in terms of like how easy it should have
Been to do it right and how wrong i did it was when i first moved to new york and i didn’t know that there was such a thing as a broker for a rental nor what a broker fee was nor that you could negotiate it if you got a really high one so we just sort of walked into a real estate office and we’re like one apartment please and we were taken to the first apartment
That we saw and the broker was like well this is it and we were like okay i guess this is the one apartment that we get to look at and we just took it and paid like a super-high broker’s fee and within like two months we were like wow the broker fee is there because they’re supposed to work for you to like find the apartment that is really suited to your needs but
They had seen that like we clearly never lived in new york before we clearly denote a broker was supposed to do or that we could even negotiate with them and they were like this is your apartment now i will take $4,000 please okay and we lived there for two years so we hated that place so now of course i know that like the broker a you can negotiate with them and
Be they have to show you a bunch of stuff to really earn their keep and even then they’re not really worth it but like there you go that’s what i really messed up on because i was ignorant pretty much everything to do with mortgages my partner and i are hopefully it looks like fingers crossed knocking on every surface perhaps going to buy a home later this year and
Every time he like opens up the excel sheet with like all the details about everything we have to prepare and the different you know sort kind of mortgaging get and like what it entails my mind just kind of goes blank and i’m like this is a lot of numbers so even like the most basic terms about mortgages i’m still having to like google every time i talk to him but
That’s one of those things with a lot of money things i’ve found it’s not until you kind of are forced to confront it that you really start to learn about them so i think this will be the year that i master mortgages ohmygosh always buying on sale my mother hates me i mean she loves me obviously but every time she sees me buying something or hears about me buying
Something she’s just like chelsea you shouldn’t be allowed to handle your own money because i don’t have either the patience or the sort of proper timing to buy everything on sale and my mother is like a master i honestly think with a few exceptions she’s almost never bought anything from like you know a vegetable to a home not on the best sale possible so she’s
Just a maven with all things sale and my mom has always been like only a fool pays retail all my life only a fool and i try to live by it but it’s like you really it’s a skill you have to master to be able to really negotiate that every time and that’s definitely something i want to get better at because my mom is like that’s her second profession is buying on
Sale all of them i mean as i’ve mentioned in many videos the vast majority the reason that i was bad with money was because of anxiety and then of course ensuing stress i’ve mostly mastered that like i don’t do a lot of impulse shopping anymore i definitely don’t go like buy like disposable forever21 shirts that i hate two days later anything like that but one
Thing is that like when i’m anxious or stressed like i really can’t eat i lose my appetite i can’t eat for like you know if i’m stressed for an entire day i won’t eat that day but then of course at some weight you get ravenously hungry because you have to eat so i’ll go to the grocery store and because i’m starting and i’m stressed i get just like every comfort
Food you could imagine like four different kinds of kettle chips this is not an exaggeration ice cream snack cakes but that costs money like food costs money in a big big way particularly when you live in a big city and grocery stores are really expensive i remember a couple years ago i gave myself a money resolution that i was going to have a certain amount in
Savings by the time i was 25 so i guess yeah this was several years ago and then it was one of those things were like every year it was just like when i’m 27 when i’m 30 and i’ve never had that amount of savings for the past like i did but then obviously starting a small business you kind of have to deplete your savings so i definitely don’t have the emergency fund
That i promised myself that i would have which is embarrassing because it makes you feel like a child you know it makes you feel extremely vulnerable and obviously i have a partner i have family members that i could go to if there was an emergency but not having for example enough money to cover the full deductible on my insurance every year if i got into like
Some terrible accident just makes me feel really childish so this coming year will be the first year that as a small business owner it will be possible to rebuild that savings and that’s definitely priority number one i’ve gone through like five macbooks in five years that’s not an exaggeration and as the lauren gives test so i’m like abusive to my computer’s and
This is not because i don’t respect them or i don’t think that it’s like it’s obviously important i’m a not only a writer but it’s also like my one business tool like i need my laptop so obviously i take it seriously i don’t like spill things on it or whatever i mean like i definitely eat over it so like there’s crumbs in it all the time but like you can just do
The little like air the canned air and but i typed like a hundred words a minute and 90% of my job is just typing so like i type it so hard that it like destroys my keys within three months like my current laptop like all of the faces of the keys are completely eroded away and i’ve owned it for like five months and it’s terrible like and then the computer before
That i like accidentally used it in front of a candle and it like burned a hole into the screen like i have the worst luck with computers and then i’m also just like a very heavy user on them so i just really mess them up and it sounds extremely wasteful but i do get if if you break down the purchase of these computers into how much you say get out of them then
They’re actually pretty cheap per use but i go through them pretty heavily so those were my embarrassing money answers i hope they made you laugh and cringe as much as they made me i really look forward to seeing you guys next week and more importantly hearing all of lauren’s embarrassing answers so as always thank you for watching and don’t forget to hit the
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Transcribed from video
6 Embarrassing Money Questions & Answers With Chelsea | The Financial Diet By The Financial Diet
