October 9, 2018


Hey hey hey!

Question…Have you made financial mistakes in the past? Have some of your financial choices left you in bad shape? Have you experienced shame, sadness, and frustration because of the state of your current finances? Yes?! Well, so did Oprah, Will Smith, Suze Orman, and ME! Yes… me.

You may not be able to move toward being financially healthy, not because you don’t make enough money, not because you don’t have the resources, and not because your situation is unrepairable. The truth is, you have yet to get over your money missteps and are likely replaying the same unhelpful patterns that put you in your current situation.  Letting go of the past is critical if you want to move on to greener pastures (pun intended).

Financial forgiveness is one of the first keys to becoming financially healthy.

Did I ever share how I lost my job, squandered $20,000 on one BAD investment, gained $35,000 in credit card debt, lost my home and moved back in with my parents, all in a relatively short period of time? Yup!

It took me years to let go and forgive myself, but once I did, I was able to quickly put a plan in place, and successfully implement it faster than I thought possible!


The 5 steps to gaining financial health by, forgiving yourself and breaking unhealthy patterns are:

1)      Admit

2)      Identify

3)      Tell

4)      Focus

5)      Plan

1)  Admit to yourself & take ownership

Confess; say “I messed up when I __________”. Feel free to substitute the word “messed” with your verb of choice. I found that by admitting my mistake, I was able to take ownership of it. The good thing about owning up to a problem is that it officially becomes YOUR problem, and gives you the power to fix it. One of the reasons you haven’t been able to move forward is that you haven’t fully acknowledged your mistake, until now… Remember, you’ve messed up, I’ve messed up, we’ve all messed up, that’s all. Mistakes happen and admitting it to yourself is essential if you’re going to get over it.

You’re not the only one that’s made financial mistakes. This powerful video helps to illustrate that we are more alike than we think. Mistakes are universal…


2)  Identify the what & why (be very specific)

Take a break from beating yourself up for a minute and clearly identify what’s happening and why. We all have patterns that we live by. Example: Wake-up, yawn, stretch brush teeth. Some of these patterns are helpful, but some are not.

Sometimes we get so caught up in feeling guilty, that we’re not even clear what we’re feeling guilty about.  Start by figuring out what your money patterns are by writing down what you do when you have money. What actions do you take? What thoughts go through your mind? Are they helpful or harmful?

Need help identifying what’s really going on with your money and your related habits? Turbo is a product available free from Intuit, the makers of TurboTax, that shows where you truly stand financially. Turbo gives you the three numbers that matter most to your financial health (your verified income + credit score + debt-to-income ratio), along with personalized insights and advice.

You don’t have to be a TurboTax customer to use Turbo.

This step is the most IMPORTANT part in your road to financial forgiveness. Use Turbo to help identify where you are now so that you can begin to take a real step forward.

3)  Tell someone 

Okay, so this may be a tough one for some of you, but sharing your experiences with money helps you to see that you’re not alone. It took me a year to finally break down and tell one of my best friends how I’d lost $35,000 in less than 2 weeks. Do you know what my friend Linda said when I told her?

“Awwww, that’s ok Tiff! We all make mistakes.” She was so kind, and to my surprise, a bit nonchalant about the whole thing. I’d been carrying around my secret shame for a year, thinking that everyone would be horrified that “The Budgetnista”, had made such a catastrophic mistake (or at least that’s what I told myself).

There’s a proverb that says, “Fear makes the wolf bigger than he is”. Linda helped me to realize that although I’d made a mistake, it wasn’t the end of the world.

Not sure who to tell? Share with me! Fill in the tweet below.

[bctt tweet=”@IntuitTurbo, my #RealMoneyTalk is… #Sweepstakes” username=”thebudgetnista”] 

(Plus, if you tag @IntuitTurbo and #Sweepstakes, you’ll be entered to win $5,000! Not too bad…)

Wooo Saaahhh! Now that you’ve admitted your mistake, identified it in writing, and told a friend, it’s time to prepare to release it. The next two steps will help you to completely move past your financial flub

4)  Focus on a solution

So the truth is out, and it’s time that you focus on what IS, versus what ISN’T. Refer back to what you wrote in Step 2 and write down some possible remedies to your mistake. Don’t make yourself crazy with this step; let the ideas flow without hesitation. Remember, you’re not solving the world’s hunger issue, you’re just quickly writing down possible solutions to your financial problem. FYI, don’t wait to do this exercise, start now.


5)  Plan, then work the plan

Once you’ve drafted your list of possible solutions, pick one and begin crafting a plan. Not sure how to start or what to do? Go back to Step 3. Use Turbo to better understand your financial health. Once you’re clear about your financial issues you can work out asking for specific solutions. Your financial health is in your hands. It requires you to take action, but you don’t have to do so alone. I’m here to support & help.

Question: Did you know that before my father was retired that he was an accountant? Yup! His financial wisdom was the domino that started my journey as, The Budgetnista.

When I was 21 years old, I graduated college and was no longer going to be claimed under the household taxes. Because he was an accountant, I asked if he would do mine… He said, no. Instead, he bought me TurboTax from Intuit and told me it was time I learned how to do it myself.

I was so nervous, but he promised to review it when I was done. I did my taxes and it was sooo easy. TurboTax was intuitive and Tiffany-proof. Lol!

I got so good at it, I started showing friends how to use it, then my coworkers.

Since then, Intuit has been a part of my financial life. Now that I’m a business owner, I use Intuit for payroll & bookkeeping.

I LOVE this new service they have created because your financial health is so much more than your credit score. With Turbo, now you’ll get personalized advice to get all you deserve.

Sign up for Turbo here: My TURBO.

Live richer,

p.s. What financial mistakes have you overcome? Share in the comments below.


My Lisa Rule: I have 4 sisters and Lisa is the baby (well she’s not a baby anymore). Of all of my sisters, I’m the most protective of her. Before I share any product or service with you, it must pass my Lisa Rule.

What’s the Lisa Rule? Lisa is a Dream Catcher and follows the advice I give here as well. If I would not advise Lisa to use a product or service, I won’t advise you to. YOU are my Lisa. I feel protective of you and your financial journey.

TURBO passes my Lisa Rule. Yes, I am a paid partner of TURBO’s, but I would not recommend a product or service that I didn’t believe was helpful and useful.

This is a sponsored conversation written by me on behalf of Turbo. The opinions and text are all mine.

About the Author Tiffany Aliche

Tiffany “The Budgetnista” Aliche, is an award-winning teacher of financial education, America’s favorite, personal financial educator, and author of the New York Times Bestselling book, Get Good with Money. The Budgetnista is also an Amazon #1 bestselling author of The One Week Budget and the Live Richer Challenge series and most recently, a children's book, Happy Birthday Mali More.

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  1. I have $50,000 in parent plus loans Does anyone have suggestions on how to get rid of them other than finding a 2nd job?

    1. Hi! I pray you get some relief. You should join Tiffany’s Dream Catchers Live Richer group on Facebook. People give great advice and you can search help info in the group. Thry are super helpful!

    2. Sit down and do the math- figure out how much is coming in, how much is coming out- decide how much you want to contribute on a weekly basis to tackling your debt and calculate how long it will take. Simple. If your not happy with the timeline- lower your living expenses. There are thousands of ideas online about how to do this but I found I was able to save money by cutting the cable, eating out once a month, canceling the gym membership, and stop buying things until I was absolutely 100% out at home. For example- no pasta until I used up all the flour and eggs at home cause you can make your own pasta. I went natural so I could save on hair expenses- I stopped getting my nails done- sold my old clothes and didn’t buy any new clothes for a year. If you know EXACTLY how long it will take to pay off your debt- you can withstand anything- because you know its temporary. If you DON’T do something about your situation- it will be permanent. PERMANENT SUFFERING OR TEMPORARY SUFFERING? The choice is yours.

  2. I make 70k plus annually (new job) and my credit score is 540. I currently rent Iand have less than 5k in debt and no 401k….depleted it when I wasn’t working. I’d like to use this opportunity to get things right…financially. How can I clean up and increase my credit and save properly.

  3. Well i must say this is a first for me as far as participating in this type of venture on social media but I’ve been in prayer because my inner being feels like a failure and at a lost because everything has happened at once except my debt. my question is the same as the last 2 young ladies. i have 71,000+ in parent plus loans and its consumed my whole being with that debt exceeding my own debt and it’s a no win situation. my story is to long to go into but i asked for a new better brighter financially free and manageable life for myself in 2018 and it all seemed to dump at once. any advice. Thank you very much

    1. God is faithful. Add 11K to the number you posted—I know how it can be, but I’m trusting Him to show me how to cancel this debt. It’s already been done. Let’s just hear and obey so we can walk it out. Also, continue speak up. A lesson I’ve learned recently. Make your requests known to those with financial knowledge. It can be done. God bless.

  4. I think the biggest financial mistake I’ve made and sometimes continue to make is ignoring the issue. I just realized that I ignore the bank statements, pay stubs, bills etc.. because a)it depresses me, and b) because I don’t think that there is anything I can do about it. If there’s one thing I’ve learned from the Budgetnista is that there is ALWAYS something you can do to improve your situation – even if it seems small or insignificant. Baby steps eventually turn into Adult steps <3

  5. My biggest mistake was filing bankruptcy 2yrs ago. my father passed in April of 2017 and I started using my credit cards on everything now I have five cards that have been sold to other creditors . I want to do a business so getting my credit up is my main focus. I made some financial mistakes, but thanks to Tiffany I see hope again.?

  6. My biggest mistakes were credit cards and not saving money. I’m about to turn 30 this year and I have very little savings. A goal I made this year is to pay off the 3500 in credit card debt I have left and be able to invest and save. No one taught me about finances and money but I’m learning.

  7. I messed up when I started using my income taxes as income while in college and working part time….last year I investing my money in what I thought I would be great at but fell into depression and never put in the work and on a trip out of the country that I couldn’t afford. It took me a minute to evaluate my problem…I’ve used money as a crutch so long I forgot how to control it. Following the budgetnista is really helping me pick up the pieces.

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