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9 "Responsible" Decisions That Secretly Waste Your Money

The Financial Diet 21:40

1,039,156 views · 21,769 likes Watch on YouTube ↗

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In this episode, Chelsea talks about the bad money habits that can get you into trouble — because you think they're going to *help* you save money. Always take money advice with a grain of salt, and make sure you're making the best decisions for your actual life.

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Savings accounts regulations: https://www.nerdwallet.com/blog/banking/how-regulation-d-affects-your-savings-withdrawals/

Average American food waste: http://journals.plos.org/plosone/article?id=10.1371/journal.pone.0195405

Bulk food shopping study: http://journals.ama.org/doi/10.1509/jmr.16.0235?code=amma-site

VICE article on bulk food costs: https://www.vice.com/en_us/article/vbj3wm/dont-buy-food-in-bulk

Metrocard pricing: http://web.mta.info/metrocard/mcgtreng.htm#unlimited

SimpleDollar article on credit cards: https://www.thesimpledollar.com/credit-cards/blog/how-to-use-credit-cards-to-your-advantage/

Compound interest calculator: https://www.investor.gov/additional-resources/free-financial-planning-tools/compound-interest-calculator

Credit score myth: https://www.cnbc.com/2019/05/28/dont-fall-for-this-common-credit-score-myth.html

Seattle home prices: https://www.seattletimes.com/seattle-news/data/how-much-easier-was-it-for-baby-boomers-to-buy-a-home-in-seattle-lets-a

Watch more of The Financial Diet hosted by Chelsea Fagan here: https://www.youtube.com/playlist?list=PLD30V46E07RR99cC0gCjKUbt-BKoDUcnc

The Financial Diet site: http://www.thefinancialdiet.com

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