$1,000 In Minimum Monthly Payments Are Ruining Her Life | Financial Audit

hi I'm Madison I am 28 years old I'm. based out of Austin Texas and this is. financial audit dude I never know how. old people are because I thought like. you have young skin oh yeah so it's very. good and then we've also had people that. say they're young but they look older so. I'm very confused all the time you're. like. you're like where are these people. I don't even know how old. we're actually the same age I didn't. know that I thought you were younger. until you said that in a video there was.

one video I don't remember which one it. was because I have beautiful space yeah. so awesome what do you do 28 years old. for a living in Austin Texas so right. now. um I am working for Accenture and it. took Center flex and we do work with. meta so okay that's what we're doing at. the moment. well what's your position. um so I am. it's kind of hard to describe sometimes. because they have very specific ways.

that you're supposed to talk about it. um so what would you call it to everyone. else so that they knew what no there's. like a thing. that you save and it's like it's like. hard so I'll just say. um like a reviewer of content I'll say. that okay it's like very oh to see if. things are bound yeah so I look at like. some honestly it's messed up stuff I'm. good I'm good not anything terrible like. no like um murder but like definitely. some funny stuff that maybe somebody.

might be offended by and maybe it. shouldn't be on the platform so not. terrible no that's not bad what do you. what do you make right now. um currently it's at 22 an hour so many. hours a week do you work 40 guaranteed. yeah we have to ever higher any lower. no okay so whenever you make that like. with the days sometimes it's 20 days. sometimes it's 22 sometimes it's 23 so. it's 3 500 to 3 800 depending on how. many days uh uh of the month because we.

get paid so let's say that number one. more time. 3 500 to 38 yeah it's 3 500 to 38 before. taxes and then once taxes come out it's. like 3 000 to like 30 to 33 somewhere. around like 31 then. sounds a little more conservative side. in terms of that upper number but okay. and if you're living in Austin and that. because like with the rent and. everything with where things are like it.

could easily be 50 of your income so. like how are you feeling living here. yeah so I actually don't mind the pay I. think it's okay especially since I do. other things on the side however with. the way that I have set myself up. financially it's not good at all I use. my entire paycheck for bills so. everything's going out immediately yeah. pretty much so like and I have this like. kind of anxiety so every time I get paid. I just want to like pay every single. thing that I possibly can so that I.

don't like worry about it I don't like. I'm still necessarily bad I know I'm. still a little uncomfortable like seeing. money like in my account because I used. to have like a pretty bad problem with. like. spending it I'm getting better but I'm. still working on it. well that is definitely not good then I. guess in that case I'll ask the question. you know from your own perspective how. do you see your financial situation in. general. um I mean if if I could scale it like. one to ten. with no other like.

um. lindick no positive attitude or anything. because I feel like I have a pretty. positive. um I'd say it's like. four out of ten like it's it's not. amazing but it's not all the way at the. bottom I can still climb the last time. someone gave themselves a score ended up. being like three points lower. so okay so I'm at a one maybe okay I'm. just kidding well we'll see I mean I. don't I don't know I mean all I know is.

that on your checking account. 22 yeah that's usually what happened. with yeah and we started with 19 it's. it's not good. do you have automatic payments for some. stuff but not that's where it gets risky. though I know I try really hard to make. sure but you can actually see on one of. these pages I never go over but there's. two times that I actually did go over. it's it's red on here. I think it's on this one yet right there. so you overdraft so I did make a mistake. however I wanted to take a brief moment.

to thank today's video sponsor public if. you're like me and you like to set money. aside where you're saving up for a big. purchase like a down payment on a house. then being able to earn 4.7 on your. money through government-backed treasury. bills could be even high yield savings. accounts and unlike those traditional. savings accounts or high yield savings. accounts these treasury bills are at a. fixed rate so you always know the return. you're getting and unlike those. traditional savings accounts or. high-yield savings accounts you know. when you purchase the government-backed.

treasury bills you are purchasing in at. the exact rate you get but the problem. is U.S treasury bills can be complicated. or at least they were and with your only. options going into a bank or using a. government website that was designed in. the 90s it can feel like there's nowhere. to go but now there is with public.com. public has a simplified process with. their launch of Treasury accounts now. you can easily access the 4.7 yield of. U.S treasuries directly from your phone. without any minimum hold periods or.

settlement delays with public you no. longer need to go through the hassle of. dealing with an outdated website or. visiting a bank while managing your. treasuries or along with your stocks and. ETFs or if you're unlike me and you have. a little bit of crypto they could never. be easier there as well plus public. automatically reinvests your treasury. bills and maturity so you have one less. thing to think about and since we're. talking about government-backed treasury. bills you know your cash is safe and. sound so go to public.com forward slash. Caleb Hammer to start getting 4.7 on.

your cash backed by the US government. that's public.com forward slash Caleb. Hammer what I love about this specific. bank account which is exactly why I have. it is that if you fix your situation. within 24 hours they don't charge you a. fee did you fix it in 24 hours oh yeah. for sure yeah I have it's still so risky. I know the situation I know and what. confuses me okay so we have a dollar in. savings yeah like okay oh that's just. because I actually don't use that. savings account I use a different one. but uh what what confuses me here if we.

know our financial situation is bad if. we're trying to get out of whatever we. haven't even looked into the debts but I. know there's a lot of documents to go. through if you're over drafting why do. we have subscriptions to Dropbox and. other Apple subscriptions why are we. going to McDonald's and uh Mojo nut. thing and Cracker Barrel and. you know uh let's see The Hideout Pub. Popeye's Baskin Chipotle and other Apple. subscription for iCloud and getting.

pizza and Schlotzsky's and ice cream. door dashing why are we. I don't doordash that's me doordashing I. swear huh is a plus like I do door oh. that is okay I swear thank you I don't. believe in doordash like even though I. do it I don't believe in it because it's. so expensive like it's way too expensive. well can you explain the rest of these. yes. um yeah so some of them like I do feel. like it's okay to buy like every once in.

a while some of them were actually like. for the YouTube channel but is it okay. to buy every once in a while when you're. over drafting yes you fix it within 24. hours good but you did it you have no. money yeah I how can we possibly say I. can afford this true because you really. can't especially because we do see here. in here at the same time again another. Apple subscription we have oh yeah. that's for the YouTube we have two car. payments uh we have a Care Credit no I.

know but there's two payments on here. and we have a Care Credit thing no three. payments on here for the car yeah so if. we're doing all this. and some of these weren't even for your. YouTube channel Martha's YouTube. only three of the food things that I. read out were marked for the channel so. the other ones which is both yes you can. afford true so why are we doing that. I mean you tried to justify saying you. think it's okay do you think it's okay. even though you overdrafted.

I do think it's okay but I usually don't. overdraft that's the thing like I did I. don't care if you usually don't you did. I did like all my math for everything. and I thought I had it right but I think. I just accidentally like wrote it. incorrectly because I never overdraft. and I don't know why I I did I did math. and everything. and if you are making three car payments. obviously there's debts that we'll have. to go into and there's a Care Credit. thing if you're doing that then how can. you justify going out to eat and all. these things. [Music].

instead of putting that money towards. the debt. I get it I definitely do I put more. money towards my debt like every month I. mean it's just not like since I do have. like the YouTube channel and if somebody. like I don't always make a video like. every time that somebody comes out with. a new thing like let's say that like. Chipotle they just came out with like. their new meat okay so you have a. YouTube channel you review some foods. yeah so I try not to do everything in. the description thanks I try not to do. every single one because I understand. that it's not.

something that is okay but I try to do. it every once in a while. I try not to do too many looks like a. couple times a week yeah so this also. isn't healthy yeah and so that's why. we've seen someone that did this exact. content die recently. oh yeah that one guy I think I saw that. on Tick Tock maybe is that is that who. you might be talking about he died. because and then you know you're here we. got these chicken tenders and I mean of. course I'm saying this and I know I.

avoid to lose but. either way we know it's unhealthy like. we're getting r b steak and fries we're. getting donuts and Jersey Mike's. everything there's not a one okay here's. one healthy thing a chipotle chicken. Alpac store yeah so are you doing some. mukbangs as well so like I mean that's. unhealthy in general just overeating so. my mukbang's like they're not like. overeating kind because I think they're. like I don't really like that kind but I.

would say the review is more like hey. this is what I think about like this. food and then a mukbang is more like hey. here's me talking about like my life. um but I do agree with you that like. the there is a line with like the health. yeah so I just recently started doing it. less and then more. like cooking at home however since I. just started a new. um. way to make money I haven't really had a. new way to make money film it Rover oh.

okay yeah I make a good amount of money. with that so far and I'm really happy. with myself and like. how I'm like working towards it and I. actually wanted some like advice about. how to allocate the funds for that. because I'm wondering if I should do. like a percentage per month of that. toward like my debt or should I just. save it all okay we'll send it like. extra income we'll have to look at the. entire situation probably Deb but we'll. have to look at the entire situation how.

much you bring it you have over a. thousand subscribers so you're monetized. how much you bring it in on a monthly. basis from the YouTube not yet because I. don't have the The View yet oh you don't. have the four thousand dollars in public. watch time so I'm still working on it's. within a year right or six months uh. yeah it's 365 days like whenever I think. right now it's like half so I don't see. that really bringing anything in until. like at least another year go give her 2. 000 hours of watch time please and also. subscribe right here love you thank you. we're trying to get to what like 500 000.

subscribers so yeah your channel is. going like I found you whenever you're. like 80 and I'm like well how did he get. this one I've been very blessed. everyone's everyone's incredible like I. feel like I do not deserve it but thank. you I feel like you do like you really. do a lot of stuff to help I mean I. haven't watched that many of your videos. because I just you know found you not. too long ago well let's see if you Wow. Let's feel let's see if you feel the. same way after I yell at you I'm writing. you because I have a feeling there's. some debts we need to look at yeah so if.

you'd like to uh understand completely. about how stressed I am like underneath. um one thousand dollars a month goes to. debt. besides my car. that's a third of your angle besides. your car car is dead yeah let me open it. real quick once open one. car is down I have it like all like. written okay well before we do that I. wanted to look at one other account you. had okay Robin Hood so 52 so nothing. okay so any of the like investment.

accounts in there is me kind of like it. was I don't want to say the word I'm. gonna say because some other guy said. this and it was not good but I I was. kind of like playing around with it. trying to figure out how to use it like. I wasn't exactly sure. I've been trying to teach myself stuff. like ever since 2018 when I saw Graham. channel for the first time I've been. trying to teach myself different things. so I have like an e-trade account that. did really well for a little bit. um it's kind of like. hanging out right now I try to teach. myself Robin Hood try to teach myself.

Weeble but why are you doing this right. now when you have bad debts so I'm not. doing anything at the moment I just left. everything in there like I completely. agree with you. okay that. um I was putting stuff into but then I. realized I should just do like. everything I can to put like as much. toward the debt as possible so that's. what I'm doing right now and then Yoda. Yoda oh yada have you seen that no uh. Graham recommended it in like 2020 I.

believe. um well you have 158 in there so we just. yeah we're having all these accounts. yeah basically no money in it yeah. so I still put stuff in yada it's. um I think every 25th I think 21 25 goes. in there okay then we have E-Trade yeah. 400 this one's more yeah so I invested. in something that did pretty well I just. can't remember what it's called because. I did it like two years ago. um but it I think it does like. it's done like 30 or 60 dollars like.

since I did it there are just a few. individual stocks so I just don't do. anything with it now I just leave it as. it is because I feel like the debt is. well Diversified but yeah it was me. trying to teach myself because I don't. know that much about investing it's kind. of what are so many checking accounts. yeah. I honestly this feels disorganized. everywhere we have yeah we have like. five investing accounts open with almost. nothing in it we have a few savings with.

barely anything in it now we have like. three checking accounts with. let's see so in this checking account. started with nine dollars you did end. with 188 now normally that's not. considered good but compared to what. we've seen so far okay this just it's. just going to paint off cards and corn. uh oh Clara not great what'd you get. with clarna was clarna was that the one. that's a reversal or was that a taken. out one because I know I just had a. reversal they're both taken out there's. two corners that were taken out.

what month is that a statement that I. sent you is it from February. or January. because I know I sent you my statements. uh mixture of both oh okay so. um. that's my checking account at a bank. right I don't really want to say like. which bank it's at okay that's fine is. it is it is that what you're looking at. is the checking account. um so. for a long time I wasn't. purchasing anything new because I was.

like I need to take care of the debt and. then recently I was like. feeling like I was missing out on stuff. you know like the whole fomo thing you. know what I mean okay so I made some. decisions whenever I got my new job and. I bought some stuff and did you buy. um the clarna ones are probably from. Steve Madden so I bought some shoes. because I never like update my wardrobe. or anything like I've always been like. I've always thought that like buying. clothes was like a waste of money and.

like like everything that I thought was. like a waste of money is like buying. sodas buying clothes. um. you know just like wasting money going. to different places like all the time so. I tried to not do that and I think I. just tried so much that I kind of went. crazy when I got my new job. and then we have Fidelity again and. there's 60 bucks so this is not. organized at all you're just everywhere. just absolutely everywhere and then. guess what we have another checking. account. which one crazy checking.

checking RBFCU oh yeah yeah okay so that. one's actually for Rover. I have that one because I want. everything to be separate well hi is. this yours it's still your income it's I. only have it like that because it's like. a business thing so I want to make sure. that I like oh okay okay like it's like. you know what I mean yeah yeah that's. the only reason oh it's 30 bucks I can't. see anything activity in there but. there's 30 bucks currently the checking. account for our our. it's new to me so. um currently that one has like 158 and.

then I have like a savings account that. everything from Rover goes into. um and it's at like 400 at the moment so. yeah so it's all over savings and. check-ins together probably come out to. like 600. probably across like 90. accounts or like all your retirement and. investing comes out to only a few. hundred as well yeah uh across like a. billion different accounts yeah okay and. I definitely want your advice on how to. kind of yeah consolidate yeah I mean. business and personal separate yeah and.

then you pay outs under your personal. from there. um but keep track of every business. expense and everything so yeah make sure. you're taking advantage of uh tax. write-offs and everything so. given receipts and everything yeah I'm. writing my software to do that but then. just budgeting with the money that comes. into your main area budgeting into. different categories knowing exactly. where your money's going not freaking. out different things not over drafting. stuff like that so what is this. upgrade uh that's a really sucky.

personal loan that I have why do you. have it so. um I did one personal loan in 2020 and. it worked really well for me I actually. just paid it off but how did it work. really well what does that mean. um so the I have a Capital One credit. card that the limit is like 3 500. and I. had it all the way up and I got the. personal loan paid that credit card and. like one other one. I paid off the personal loan and I. didn't put anything else on that credit.

card so I was really excited about that. however. I have other credit cards. I'm confused yeah what's up you talk. about like until recently until you got. your job and stuff he didn't care about. clothes you didn't care about pocket you. didn't care about this this why are you. in all this credit card debt from the. past that you Consolidated into a. personal loan that worked for you yet. we're still in these debts meaning. there's been debts going back for a. while why were you in it in the first. place so um I've actually had a YouTube. channel since 2016 and I was convinced. that I was going to be a beauty Guru so.

a lot of the debt that I had on that. credit card was for makeup and stuff for. the YouTube channel that didn't go. anywhere because I did not like put. effort into it like I didn't. with a job oh yeah for sure so. a lot of that debt as well is because. so my mom doesn't have any like she's.

she's good she like has good things for. like being Frugal but she never taught. me about financial stuff so I got a. credit card I was like okay cool I was. like doing the right thing and. everything I started doing bad stuff. like partying and stuff like that and I. just wasn't taking care of it properly. when I finally realized that it was a. problem it was pretty deep and then I. kept doing that did you find that out I. kept doing that thing where you like. just for like you're like pushing it out. like I kept doing the minimum payment. how old were you when you figured that.

out oh 22. I did so this was a while ago. yeah and I'm still like trying to dig. myself out because I'm not it's like I. make a plan and then I don't stick to it. so I'm I'm really trying I can see. because this is just built up and I see. like I mean that's been too many years. yeah I'm really really trying to make my. plan and actually do it so that's where. I'm at right now is like and that's why. I'm doing the Rover thing because. I'm just really trying to get out of it. like. yeah you're about to Buster work a.

billion hours a week yeah hours that. don't even exist you're gonna be working. yeah. so thankfully with Rover it's been doing. very well and I don't have to put too. many hours into it to be profitable at. the moment per hour I did like a whole. thing with it. um. it is about 33 dollars an hour whenever. I do it so thankfully it works out. pretty well I'm still trying to balance. having a full-time and doing that at the. same time my Saturday I do Rover the.

entire day Sunday I'll do as many as I. can I have a Rover client later that I'm. doing. so every single time that I get a. request I'm taking it because I really. actually want that to be my full-time. my aunt does it in Houston and um she. actually makes six figures because she. has a house I don't want to make six. figures because I just can't at the. moment like it's she has a home so it's. possible because.

um boarding is the best thing that you. can do with Rover. I can't really board too many dogs. because I have an apartment so I can't. afford too many but what I'm hoping is I. have a plan for how much money I can. allocate until October to certain credit. cards and then I'm hoping that I can. keep allocating until. January. and then in March I'm hoping that I can. move into a different place that has a. backyard so I can actually board more. dogs okay we'll hear your plan and see.

if it's good or not okay now on your. Capital One. zero bucks. so you just don't hold balances on there. or you paid that off through a. consolidation. yes that is the one that I paid with the. personal loan okay so you didn't pay it. off you just transferred it somewhere. else. okay correct now we also have synchrony. class yeah that was one of my first. credit cards maxing out when I was. really bad with money. um that one is the I believe that's the. Care Credit is the synchrony because I.

have a synchrony savings account and. then I have a synchrony like Care Credit. is synchrony oh this is oh this this was. your high yield savings yeah okay cool. that was of course and of course there. was nothing in there yeah. because that was something I just. recently I pretty much stopped. everything when I realized that we. should have a conversation I was like. I'm just gonna kind of pause and just. talk to you and then see what you think. so then we have a Costco card. yes and it was.

not the best there's a lot of debt for a. stupid Costco card yeah. 3984. 94 93 cents. she is with a minimum monthly payment. of. 99.92 Actually I don't even know no the. upgrade the upgrade we didn't even like. talk about it yeah and 280 monthly. payment what's the interest on upgrade. you know send me the full statement I. really don't know but I do not know well.

because like to pull it up it's really. hard and I signed up for it I think last. year I really don't know how to pull up. the the statement I was trying to pull. up a statement but I didn't know the. interest when you got into it. I just don't know it now do you know the. range I can tell you how much I need to. pay and what the monthly payment is and. you could do some math if you want I I. really really don't know. I wish I did I really tried to look at. it before I came because I could but I. could not find it you only put see. what's the point you only put 200. towards it but you're making 62.11 cents.

a purchase on your Costco card this is. something I will never understand and. it's some stupid Beauty place in some uh. well good RX and then after pay you're. paying with the credit card you're just. what's the point we're not making. progress if we're just being stupid yeah. this doesn't make sense and you lost. sixty dollars of interest on this. essentially oh wait yeah 60 bucks so why. are we spending on this it doesn't make. sense with a. H what's the interest rate I have all of.

them right here oh it's gone up. or it's like 19. interest rate has gone. up it's almost 20 percent. I mean I'm seeing it right here it's. almost 20 so why are we doing that. uh because we're. talking ourselves into dumb stuff. because I really know like I know what. you're saying you found it out at 22. we. decided okay we're not really going to. think about it and I can understand. there's a mental point there and. just like waking up to it even if you. know it why are you still spending money. on it especially if you've been watching.

this Channel and if you've been watching. Graham Stephanie if you've probably been. watching others. why come on this was like last month. this was last month some of it was yeah. why give me a reason not just like. because we're trying to learn. no I mean I definitely take I can't. really give you a reason because I just. take full responsibility of just doing. stupid that's good but if we can't get. to a reason then it's how do we overcome. doing it in the future that's what I. struggle with if we don't know why then.

how do we prevent. I guess sometimes like I think that. I know more I don't really know. can you like. cut it real quick yeah that's fine. you okay. like. it's okay. like I really want to like.

the reason I dig in is for a very. specific reason to one make sure that. you fully understand the direness of the. situation so that. people can. put a fire under their butt to do what. is necessary to get out of it then the. reason I push so hard to understand why. you're doing something is so we can. figure out a path forward to not go into.

that. I'm very intentional with the way I do. it. it's not to beat you up specifically no. I have to explain to my boyfriend. because we were watching an episode and. he was like why is he so mean and I was. like you just have to tell these people. like. the truth like because they. if you don't if somebody's not telling. you the truth like you're not gonna hear. it so yeah I I don't want to enable it I. definitely get it I have a um. like I have like a sensitivity to like. uh.

like Authority sometimes and not saying. that you have authority but we're like. you know I get a conversation. it's okay. I'm sorry dude there's nothing to be. sorry about I am also a crier. it happens. it is a part okay it's not that I. want you to cry but one thing that is.

making. one thing that I'm happy. to see in a way is that you already know. how dire the situation is yeah so I do. so I do not need to do what I usually do. when people just do not understand. what's going on and I was hoping that. um can you talk on the microphone please. I was hoping that. um. you. were able to understand that because.

I definitely take responsibility for. like what's happened it's. I'm still trying to figure out why. um. I'm still making the. decision I guess it's just. in the moment it's like as soon like as. soon as I decide like okay I'm gonna use. this credit card for this purchase. in the moment it's like I don't care. like my brain is like you don't care.

about what your goals are. do whatever the want like that's that is. what happens in the in the moment that. is what is happening and then later I'm. like okay I need to fix this. and then it I do fix it and then it. keeps going so it's like I think I feel. like. I got in the habit of being able to fix. it so often whenever I was younger. that as I'm getting more debt.

I'm just not able to fix it as quickly. and so in those moments whenever I'm. deciding oh I'll just fix it later. it it's not as plausible as it was. before so I'm still trying to. not do that but. um you know I can sympathize with this. in a different way absolutely for me my. struggle I mean this was my struggle at. one point this was my struggle with the. struggle I deal with now that I brought. up is uh just like.

eating food that's bad for me and like. I'll be on a good diet you know losing. some pounds here and there and then like. I'm like oh but I really want some. chicken tendies with some ice cream and. then I'm just like. and I just do it just like you spent on. a car that you already have a balance. and then later I'm like why'd I do this. yeah this is stupid but I already did it. and it's just it's just the discipline. aspect of it something I'm getting I got. better at and did with personal finances. years and years and years ago and that. I'm working on for you know my own.

health right now and that it's something. that we can get you to do for personal. finances so that you can get to a better. place yeah I definitely want to be in a. better spot and. um like since I sent you everything like. since I figured out. I need to I really need to do this and I. send you everything I haven't put. anything else on a card I put everything. written out on here so I can have at. least some kind of plan I feel like the. writing it down is really helping. because writing down three thousand.

dollars that is not my own money that I. have to give to this. sucks like. and I didn't even write down the balance. of the upgrade one because that one is. really stupid I it was a good idea at. the time because it was one of those. things where my interest rates on my. card my cards are really bad yeah but. City sucks they do not let you change. your interest rate like ever I'm like. that that's crazy because my mom has. always had cards and she's able to like.

call and change them she's never had a. city card. um well no I mean I uh I'm also on the. page where I mean math wins over. emotions but some people are just bad. with emotions because we are essentially. you know still cavemen you know mashing. rocks together for fun you know that's. where we were not too long ago we're the. same people we've just learned some more. things since then. but I am good on the mathematical side. of taking a 30 interest credit card. consolidating down to like 10 personal. loan 10 is not great it's much better.

than 30 that's what it was like a lot of. people fail on the emotional side those. though they feel like they made progress. all of a sudden they just don't attack. it as hard that's why I think from the. sounds of it that's where someone like. Dave Ramsey is against it I'm still for. it as long as we can mathematically. justify it and emotionally understand. that we still need to continue to attack. it yeah so that's that's the that's my. thoughts on the personal loans but we. also have a city card on the city car. that's a double deck uh cash back which. I love that's my Legend all this one but.

you're holding a balance on it. unfortunately 70 bucks a payment on a. thousand five hundred bounce but the. balance actually went out up after that. 70 payment because 31 or essentially 32. dollars of interest on and then. purchases of fifty Seven dollars on it. so we're still purchasing on the card. the interest rate is at. 27.49 percent. and the purchases. uh Rudy's yeah which uh barbecue but not. even like the best ones yeah and you.

know it's expensive so we're doing that. on a car that and of course we're trying. to pay off then Prime video as well I. finally canceled that I okay don't even. know why I had it I must have like. signed up for like oh I should use this. instead of. some other streaming service. I do have Amazon Prime Prime video. should come with that does it come with. it I really think so. so I finally got rid of that and um got. that situated.

um I oh that was the other thing that I. don't pay for that I forgot to mention. when I was talking about sodas I don't. have like cable or anything so I was. like oh I'm so great I don't have cable. you know so. that was another thing that was kind of. adding to the fact of like oh I don't. have cable so I can buy this and I don't. have those thoughts anymore but it was. kind of like pushing it like you know. what I mean it's not a good idea what. you're saying yeah so. I now I'm like just happy for the things.

that I don't buy and not using that as. an excuse to justify buying something. that I don't really need. because I also have a really good rate. um. for my internet with spectrum because. they had this really awesome thing going. on whenever the pandemic came I was. paying like 25 now I just pay 40 because. it it's like the next year of the. thing that they were doing I used to. work there I don't even remember what. it's called no I got no I mean that's. good but that's cool a lot of people are.

age oh we are the same age actually a. lot of people just within our generation. below and above us you know because. we're in that weird middle area yeah uh. yeah in our internet absolutely cable uh. not as much yeah I recently got YouTube. TV but I've had it before like what do. you think about it because it's fine I. was like. that's good it's good for what I use it. for oh good. good do I have like mascara like right. here because I tried to make sure that. it like wasn't there you wiped it off. okay great. so this is an interesting one this is a.

Discover card this looks like where a. lot of the BS spending is which I. thought a lot of it was on the checking. but no there's more we started with 412. but you paid 322 so there's a little bit. of a bounce on it but then we made a. thousand six hundred forty seven dollars. of purchases now it looked like for a. second okay maybe she comes close to. paying off her balances does she pay off. the balances I'm not 100 sure because. there's 24 of Interest charged on this. with I don't even know the interest rate. on here probably close to like they're. all about the same 30. yeah I have them. like written in here I just can't.

remember what page it's on I wanted to. make it like easy because it was all at. once well and then there's the 53 dollar. minimum monthly payment but what's up. with this card why why did why did we. spend 1600 bucks on here I'm gonna lose. an interest rate on here when you're so. close to this having no bad yeah I was. really close to having nothing on there. I don't remember what is on there does. it say it on the statement like what the. absolutely the purchases are we had some. Home Depots we had some uh Dogwood that. makes sense jack and gingers lots of.

Amazon and Kung Fu Rose Room McDonald's. yeah I never really been anywhere there. before and my friend took me a Roku that. happened gotcha a Roku thing and Rose. Raising Canes some grocery stores so. then there's Marshalls and Ulta in and. out. that doesn't look like gas from 7-Eleven. it's too cheap unless you did a very was. it three dollars no it was uh seven.

twelve twelve dollars it was definitely. gas because I don't buy anything from. like on Amazon Andy's Frozen Custard in. and out like. ibisu and Papa John's and Chick-fil-A. Chick-fil-A Starbucks. Amazon Amazon Total Wine I mean these. are things you do not need all the steak. and fries yeah. [Music]. yeah forced family well I'm okay with. Dentures yeah they're obvious yeah that. was my dentist which definitely but all.

of that was so much BS spending with a. 27.49 interest rate so why did you spend. all that money on crap. yeah I'm definitely still trying to. figure that out okay so there's a mental. thing here that we have to yeah get over. our address not necessarily get over but. a dress. so I like. that you know with credit cards you can. like gain um like points and stuff like.

that and sometimes I let that get to my. head. you're losing a lot of money way more so. try not to let that get to my head and. sometimes I like justify like oh well. you know it'll have this many points and. then it'll kind of cut off. um but I don't want to think like that. no so I would never think like that yeah. my my brain is telling me well you you. know honestly. I mean what do I always say. what are you not. Oh I thought she watched my video I do. watch your videos but you're not a.

credit card person yeah it's not the. moment not I don't I don't think you're. a credit card person in general if you. weren't in a position where you're. putting all this money on here because. this point is when we're not paying it. off and we're holding bounces on these. things when we're consolidating into. different things you're just not a. critical person that's fine there's. nothing wrong with not being a credit. card person you don't have to use that. you can use the debit card you can use. the card that I always recommend the. physical card which is linked below that. uh helps spend you know selectively on. certain categories which helps you. prevent overspending which clearly you. have an issue with on certain things.

that's okay you can do that instead of. credit cards you do not. I like to finesse every single little. thing so the rewards on credit cards are. great for me it is not going to make it. or break it in life so it does not. matter if you're getting them or not I. just like to finesse everything and when. people are credit card people that's. awesome you're in the vast majority. who's not Chop them up never use them. again that's what's going to be easiest. for you to recover and not get into the. situation again because you've been. dealing with this since your early 20s.

yeah and you're almost in their 30s yeah. so like I feel like in the future it. might be something to revisit like using. a credit card because. what's happening okay what's happening. is I have no. like I'm not able to have any fun. because all of my spending is going to. the credit cards so I think that's what. happens is like I get you're having a. lot of food fun though no literally I. get like. um kind of Stir Crazy in my mind and I'm. like.

um like spending all this money like you. know to credit card debt and all of this. and it becomes a little bothersome and. then I make the plan like hey you know. be really really really diligent here. and then it just doesn't follow through. because I feel like I'm using all my. money for something that's not happening. at the moment it's very it's very hard. to like I know exactly who you are in. that particular instance you're that. person that will come up with a really. good plan which is just hard to commit. to hard to sustain that plan you're just.

in and out of plans a lot and that's. okay I mean that's just that's just your. personality what we have to figure out. is the best way to counteract that now. you mentioned having a boyfriend you. utilize that position girl get this food. for free thank you really he does pay. for a lot of food you're getting out. if he is on board with the situation. um that's actually what I told him. recently I was like Hey dude I was like. Hey I'm going on Caleb's Channel I just. recently like really made my budget like. super super tight I told him I was like. all I have right now is like 50 bucks if.

I want to do a YouTube video and. or you know a couple YouTube videos 50. across a couple. um and then every other food thing I was. like you're pretty much gonna have to. pay for it if you want to go and do that. absolutely I I just updated him on that. part and then on that specific thing too. how long have you guys been together. um we just had two years in March okay I. would be very open about all this that. you're doing which it sounds like you. are but even more open have almost like. a monthly meeting where he can help keep.

you accountable on sticking to these. things that you tend to fall off that. could be helpful like the strict budget. if he can hold you accountable and just. like all right girl what are we doing. yeah when you're spending over on a. category like this budgets are very easy. to put together they're incredibly easy. to not use as well yeah because I have. one and it's going good right now it's. good I'm like allocating. extra funds. um to each card but I'm trying to do it. in a way that makes sense so like the.

Care Credit it has the highest interest. so I'm allocating the amount that it is. owed and then more and then the next one. that has interest more but less than the. Care Credit so but I don't know if. that's the right thing to do I don't. know if I should just pay minimum on. everything else fix the Care Credit and. then start from like the you know all. right we'll talk about that in a second. I need to know about this car what is. the balance on it. um I think it's 15 15 000 right now. what's the minimum monthly payment you.

make you made so many different payments. so I make different payments on it. um like before I had the budget and I. figured out like what to send I was. making different payments on it like I. paid like 100 and then. I would pay other bills and then I made. sure that I had enough it was like a. weird thing that I was doing if we're. budgeting we don't have to do things. yeah so I don't what's that minimum. monthly payment oh it's 412. yes okay. well it's the and it has what is the. thing what's the length do you know. when'd you get it and yeah it's 72 and I.

got it it's everyone's 72 because I was. being. would you get it I got too big for my. britches before using Texas slang. 20 20. okay what's the car. um it is a 2016 Mazda CX-5. okay it has the interest rate so the. reason that it's so expensive interest. rate. I didn't have a statement I need to know. the interest rate can I look it up real.

quick yeah okay because it has like I. think it gains like. a dollar and something per day I think. is what it says. your minimum monthly payment is lower. than you thought no that's because I. already I when I do okay so it's due on. the 16th I pay most of it with the check. that I get on the sixth but I do pay 100. or 200 with the puzzles that's what I. try to do I like to split it it makes it. easier but it just before I made this. budget it was depending on things but. now that I made the budget it is very.

particular I was an interest rate not on. a statement isn't that weird I don't. know so all I know is that the daily. interest is 327 so. if you want to do some like backwards. math or something. I've been doing so much math for all. this my brain is like. seeing you at about eight percent. interest okay oh. which is not forgetting what is it.

whenever you're I know what it's called. but for some reason it's just leaving my. brain right now you know whenever you. total your car and they pay for the rest. of it. um the rest of your loan yeah because. you had insurance on it no no it's the. other thing the Gap I have gap insurance. and it's in my payment. oh gotcha okay it's that's why it's 412. because it would have been like 370 or. something but I added the Gap until it. made it 412. and that's with. the um the loan like it's already in.

there I can't choose to take it or leave. it well your debt pile is crazy. obviously it's really bad it's obviously. we're like uh nearing 25 000 yeah and. that's not talking about like school. stuff which I don't even think about. [Music]. I don't think about it well we need to. think about it what is it what is it is. it all private or is it all public. so I'm sorry I haven't had to think. about it in a while because of like the. whole 2020 thing they like stopped okay. so it's all federal then no private. I think so but part of it is at a.

collector. [Music]. what but they don't call because of the. pandemic. how long has it been in collections. probably 2019. . are you gonna wait another three years. for it to fall off is that your plan. I literally have no idea it's not on. anything right now I don't know what. it's doing it's with this company called. Williams and fudge and they called me. the first time I thought it was like. some weird thing the reason that it's.

there is because I actually didn't. realize that I signed up for it like. whenever I was at school when I was at. school every couple of months they would. like call me into the thing and be like. hey like you have this payment and you. have to do this and I just signed stuff. to stay in school they were like if you. don't sign this you can't stay and I. didn't know what I was doing that system. yeah I didn't know what's the balances. do you have Credit Karma on your phone. yeah yeah go ahead and pull that up we. can take a look. [Music]. the one that's at Williams and fudge I.

think is. 17. well you could wait a couple you can. wait a few years and it could it'll fall. off your credit I don't know if that's. what if it's actually if you don't touch. it if you don't touch it well I haven't. touched it at all if it's in collections. and you don't make a single payment. it hasn't like hit my credit or anything. it's really really weird okay. I don't know do you want to allow sure. face ID. yeah so currently nothing is in.

collections and then the things that the. item line with student loans is uh 13. 000. because I was paying on those before the. pandemic happened and then I was like oh. I can start paying toward my debt and. then I made really poor decisions and. added more debt. because I've always expected I mean they. were calling me every. every day. and I would just like block them.

from the Williams and fudge but then. they just never. it stopped because of the pandemic so. yeah you don't have anything in. collections on your credit are you sure. are you sure it wasn't like a scam. I don't think so because I looked it up. and everything they sent me like a. document it's just been so long that. like I can I can see if I have the email. well honestly honestly this is the way I. would think about it for me personally. they're not threatening to do anything. legally if that's not on credit and. stuff like that I might just not worry.

about it yeah I feel like once it like. shows up then I should worry about it. because obviously they can like garnish. my wages or something I don't really. know about well how that Reflections. placed don't give them access to. anything in your accounts just don't. give them access to anything yeah like. the IRS can garnish your wages and stuff. like that okay uh and not paying under. student loans from the federal. government but like if I didn't pay this. that's whenever like the IRS would take. money for me potentially if you don't. pay on your federal student loans.

I don't know what I but your situation. is kind of confusing I don't have a lot. of great insight into it so I don't want. to say anything definitive sounds good. but yes 13 076 into the student loans. yeah and I didn't know what the interest. rates are. uh it was like for the last time I. looked okay yeah it wasn't gonna be a. few and it's not it's not anything now. because it's gonna be like a 225 monthly. payment assumption yeah. it's not anything right now because we. don't have interest rates yet I don't. know when they're bringing them but uh.

summer or fall cool so I mean this is. the way that I think about I'm in your. minimum payments as you said you know. it's basically a thousand bucks. it's poo yeah I'm gonna lay on my budget. then I want to see how it deals with. yours okay what's your portion of the. rent. um for rent currently it is I think it's. 7 35 for my half what about your half. for utilities internet all those things. combine. so I'm gonna say something and I just. need you to take it as fact and not have.

an opinion about it okay I have an. opinion about everyone but go ahead so. for the. um utilities it's 80 and then groceries. is 100 and I'm not grocery it's not. groceries okay utilities is 80 and then. spectrum is the 40 20. what would I have an opinion about. we only split rent. oh you take care of all the utilities. why. because.

it's a very long that's I don't want. people to have an opinion I don't want. people to talk what's his work situation. um he works with Amazon he has a job. he's had the job the whole time it. doesn't really matter because you guys. are not married anyway if that's the. deal that you guys made that's the deal. you guys made okay but yeah he's he. works he doesn't call out he makes like. 21 an hour okay. that's fine uh insurance is that taken. through work yeah so before pay okay.

cool with insurance right now. um what's your car insurance it takes. out oh car insurance is. freaking expensive right now it's 170. and I keep changing it to lower it and. then it goes up again I hate living in. Austin because there's too many. accidents it makes insurance so. expensive but my health insurance is. only 90 and it already comes out of my. channel so we're not gonna worry about. that this is yeah we're worried about. your post text okay cool. and I usually spend like 80 bucks in gas.

do you have a okay thank you yeah do you. have a. workplace 401K no I don't use it because. I I always what's the match I always. leave what's the match on it probably. like one I really don't know I always I. don't know I would look at the match. because that's 100 return on your money. but you'll roll it over to your next. place it doesn't matter you just keep. rolling it over. I don't know how to do it though it's so. easy it's so easy okay and any place can. help you with it like Fidelity they help.

me do mine I think that's who they have. right now it's so easy please if there's. a match that is 100 match on a certain. percentage please just do it because it. is a hundred percent return on your. money it makes no mathematical sense to. do anything else yeah I used to do it at. other places your minimum monthly. payment on debt. right now according to those statements. which is what I'm going to go off is 892. yeah 13. I pay extra like I put the the. 1000 is with extra okay so but okay. I'm Gonna Give You food this is.

groceries not eating out nothing like. that. food. real food. of 300 for yourself you and your. boyfriend can have some combined thing. for the household he can contribute. whatever you can contribute only 300 no. more. I usually just do 100. okay that's. fantastic we'll say 300 though for the. sake of the budget okay total paper. money anything you need to survive in. the house. we're gonna give a hundred Okay so. I like good stuff.

okay anything else that happens monthly. that you have to take care of. uh Amazon Prime. do we put that in there or how much is. it. 17. fine and I also pay for YouTube premium. because I don't like ads. okay fine so your subscriptions are like. 25. okay. and then what do you think about we.

didn't really get to dive into the apps. that I use for like the YouTube stuff. what do you use. um so iCloud is for the extra space that. I need for the videos. as well as Dropbox and then the. other one that's on there is splice and. that's where I edit the shorts. how much are all those. um together drop it's.

53.96 with YouTube premium. I just put it like all together here. it's like 45 okay. all right we'll consider that a part of. your since you're trying to make it a. hustle in terms of working you're not. putting a lot of money towards it I will. allow it to be in there for now we'll. see how it shapes out right now they're. shipping out in my budget to be 2. 274.13 a month the reason you're. spending a lot uh less than I gave you. on groceries is because with that City.

credit card and with your checking. account you're going out to eat almost. every single day true that's a good. point you don't have to spend a lot on. groceries yeah good point. so that means right now your needs. category. your needs category is 73 of your income. nope that's horrible that's 25 that's 23. over what it should be at its very Peak. yeah. so that's right and it's heavy like it.

feels heavy it is and the debt the debt. is the biggest one yeah there that's. what's taking it when I wrote that down. I was. really disappointed that I did that but. this is what we're gonna do going. forward if we want to actually deal with. crap. we're gonna Rover as much as we can yeah. that's what we're doing right now in. everything as we can that takes priority. over to YouTube right now if you're out. of the day we're doing that every single. second of our life that is not working.

this other job and you're bringing in as. much as you can what do you think you. can bring in on a monthly basis from. that for going crazy from Rover yes so. um I'm still gaining clients because I. just started and we're supposed to be. going into the peak area your estimator. what you think you can bring in on a. month on average. two thousand two thousand then you're. setting thirty percent uh 25 aside for. taxes for yourself with your income I've. just tried not to really touch too much. of it we're going to be touching it now. this is income okay so you need to set. 25 aside in a high yield bucket.

somewhere. that you're not touching so don't leave. it in the savings account. for well you okay you can you can leave. it in your business savings and then. transferring the rest over. I want you to transfer 75 over into your. main checking Hub okay where we are. using the budget okay. [Music]. so setting 600 a month. aside you're gonna have a thousand four. hundred okay. so save every two thousand dollars save.

like six hundred yeah just save 25 every. every time money comes in yeah I was. like. because I've made such bad decisions. with stuff I just didn't really want to. touch it that's why I put it in such a. separate account as well is because I. was kind of scared that I was gonna do. something with it we have 2 225 okay. now what I'm going to do. to be nice. is as long as you are actually bringing.

in about two thousand dollars from Rover. on a monthly basis. you can put a hundred dollars of it. aside to get YouTube video in great uh. food okay thankfully with the groceries. that's that's what I actually like doing. is what I really really like doing is on. a Sunday film a grocery video show. people what they can cook at home. because for some reason even though. there's been like all this inflation a. lot of people have this idea that eating. out is less expensive than cooking at. home yeah and it's really really. frustrating because you can make really.

delicious food at home without spending. a whole bunch of money so I feel really. passionate about it so I just need to. get back into this because people go get. the most expensive groceries at the most. expensive yeah right so and we're really. lucky we have HEB they feel like they're. required to get eggs they're not. required to get eggs to survive either. way 2125 is what is left now on an. average monthly basis that is what's. left. month number one. all of that because you were not having. fun that costs money. your boyfriend is if anything and you. can go have free stuff yeah go to the.

park so we have a lot of great parks and. nature trails I've been getting a lot of. those since I'm dog walking and good and. pet sitting now but month number one. starting this month because we're in the. beginning of this month month number one. discover is paid off or sorry the city. card is completely paid off do you want. me to do the Care Credit First since it. has the highest no which which city you. want I have a Simplicity you have a. double cash uh I think that's the I. think it's the double cash too I think. that one has more. um. I think that one has a higher rate on it.

and I miss the Simplicity what's the. Simplicity one did we not I don't know. if I had it what's owed on the. Simplicity it's like the same as the. double cache whatever it is on the so. for the Simplicity one right now I send. them 100 for the double cash right now I. send them 70. so okay so now you have. two thousand dollars left two thousand. dollars left because we missed that so. your debt's a little more anyway okay so. you have two thousand dollars left. either way. one of the cities is gone first month. and then you put 500 towards the other. City then the next month the other.

City's gone and you have a thousand. dollars left you put that towards. here the Discover card. so in month number three. I'm glad you're saying that because it. kind of is similar to what I wrote down. but yours is more aggressive than I what. I wrote gotta be aggressive because I. wasn't sure about how much because you. have nothing in retirement which is. terrifying and you're about to answer. 30. you've already lost your Best decade. yeah your life for compound growth so. month number three. uh it all goes to discover you have a.

little bit left and you can put that. towards. the upgrade card okay the upgrade card. and then for uh for a couple more months. you put it towards the upgrade card get. that paid off and then for about. uh two months you do the Costco card and. then that's fully paid off so. I think it's by November right so it's. seven months from now where are we at. the end of seven months so that's just. eight months from now and that'll be. perfect because December I might be able. to put more in November and December.

like to really really be interesting. because that is the month that I'm. planning to make five thousand like both. of those months I'm planning to make 5. 000 each with Rover because they're. super super busy so I'm like really. gonna hit it hard good during that time. do and we're not spending money anymore. outside of this budget it doesn't exist. there's no more effort we can't do it. anymore there's no more yeah I don't. wanna have your boyfriend or someone. holds you accountable you'll come back. on here eventually and we will hold you. accountable but throughout the process.

we need to have someone some system told. you accountable because you go on and. off plans a lot the only way to do is is. to go crazy so we're at the beginning of. December with what the interest rate is. on this car at this point I would. probably use a month or two months and. guess what you have an extra almost a. thousand dollars left now so you have. like thirty thousand dollars you bring. you have extra monthly basis I'd put. that 3000 bucks in a high field on the. side just as an emergency. simple emergency and then everything. else for the three thousand dollars you. have.

[Music]. car which will take uh five months so. now at the beginning of December we use. December as a savings month we're. essentially to like June of next year. June next year you're completely debt. free that's what I'm starting emergency. fund fund now at this point with what it. takes for you to survive without the. debt you don't need to have a crazy. emergency fund. I'm gonna say like 9 000 so you just do. another two months get to get to ten. thousand and round it out as uh your.

emergency fund so boom. August or at the end of August and you. have a fully funded emergency fund and. you have no more bad debt I'm really. glad that you said that because I was. hoping to be able to get 10 000 by that. time too you can only do it though if. you really buckle down and actually do. this every single day not just every. single month every single day every. single second you're working you are not. having paid for fun and you're just. going crazy because at this point you'll.

already be almost 30. and that's when you need to start saving. for retirement minimum 25 20 of your. post tax I would definitely be. contributing up to the match at your. workplace starting now because it's 100. return and you can just continue rolling. those over as you continue as you switch. workplaces okay. yeah I'm glad that we got to talk about. it because there's. a person like in. is financially savvy so there is no.

really like my boyfriend I mean I've. even tried to talk to him about putting. aside a hundred dollars a month into a. savings like. looking at someone who doesn't have any. debt and you know what you have done and. you like want to help them but they. haven't been through the things that. you've been through is like really. really hard. um so yeah so I'm kind of alone in that. but I'm hoping that like since we've. talked now that it'll help.

because I I feel I feel good right now I. I feel relatively okay about the. situation what's holding me back is. you've known this was bad since 22. yeah. anything you go you create plans you. fall onto them yeah so what we need to. do is for you to just because a year and. a half and you're done yeah it's. incredible but it only works if you. actually fully connect to it if you have. with interest rates this takes like five. years yeah that's I think that's what. that's without you even going into more.

debt if you continue the down the road. you're in you're never out of debt yeah. that's definitely what keeps happening. is I'm like oh it's only like this far. because I was doing so well in 2020 I. really was almost there I had like 700. of credit card debt left. and then I bought a bed. like a mattress. and there was something about that that. just like ignited something in here. and it just fell completely off again so.

I definitely want to take care of this I. don't want to be in this situation. well boyfriend if you're watching this. hold her accountable and so I'm sorry. for making her cry. I want to know from your perspective. knowing yourself B is 100 honest as. possible what are you actually going to. do leaving here what am I going to do. leaving here. um I'm probably gonna write some more. stuff down and hear about like what we. just talked about because I don't want. to forget what you said.

um thankfully I don't have to I won't. fail to forget because it's on camera so. that's really nice. um I feel like since I already stopped. spending on the credit cards like since. we. um. since I decided that I wanted to be on. the channel. I feel like that's a really good start. and I'm just gonna keep trying to be. positive about it because I don't want. to beat myself up about something but I. do want to be serious about it. um I'm feeling really good right now. especially with the Rover thing I feel. like I made a really really good. decision getting into that because I.

don't have to put that much I don't have. to put that many hours into it to make. the amount of money that I've been. making so far which means I have more. hours to put into it to make more money. so I'm just still doing as best as I can. with that like I said I accept. everything that I can all the requests. that I get I accept them if I'm. available. um I've been sleeping I've been house. sitting. every I literally have not had a day off. since. we started chatting because I've been.

staying at people's house to house it. I'm super exhausted but I really really. want this that's where I'm at right now. for Madison again sorry I made you cry. but you know we're we're showing just. how extreme the debt is and that can. really hit at home how dire the. situations are and it is a dire. situation when it comes to the Hammer. Financial score so hammer Financial. score right now with no retirement. continuing to get into that going into. plans and getting out of plans and into. plans out of plans and right now it. cannot be good so it's going to be a one.

out of ten but I really hope in a year. and a half from now we're like five out. of ten we just get higher and higher and. higher as we're saving for retirement we. eventually get into a personal residence. that we own so I'm really hoping for. Madison and the follow-up we'll see. please succeed I know you're watching. this please succeed make sure to check. out all the resources in the description. below and don't forget to follow my. Instagram and Twitter thanks.