Broke Mom Is Mad I Won't Date Her | Financial Audit

I calculated with all this income that. I'm making and all my bills that I have. to pay. I was left with like 800 a. month. [laughter]. I'm so serious. Hi guys, my name is. Adriana. I am 24 years old. I am born. and raised here in Austin, Texas. And. this is Financial Audit. Wow. One of the few people in Austin. who's actually from Austin. What do you. do here for a living? I am a parallegal. Are we making the parallegal? Yes. That Okay, that screams a few different. things. That's either like way too many. hours with way too little pay or Okay.

Um, what are you doing? I work 40 hours and the salary is 50K. Okay. So, in terms of working in the legal field, you probably want to make more than that. eventually. I do. Um, I need to finish my bachelor's. and then I want to apply to law school. Oh, okay. So, you haven't even finished. your bachelors then. This is actually. This is pretty good. It's pretty good. How do you feel living off of 50 in. Austin? Um, it's not my only source of. income. So, I think you go. So, I work at a church in Terry Town.

Was that too specific? No, I don't think so, but that's up to. you. Okay. Yeah. No, I work at a church in. Terry Town. I take care of little kids. So, just on Sundays. Okay. How much you make for that? For. like a couple hours. 20 an hour for four hours. Oh. Every Sunday. So, like 320 a month. about. Mhm. Yeah. Yeah. Okay. So, $50,000. plus $320. And how do you feel living. off of the 50 plus the $320. plus? So, um I have rental income. I.

bought a house when I was 21. Okay. In San Antonio and I rent it out and so. the mortgage is 1250. Yeah. And I charge my tenants 1,900. So, passively I think that's like 700. Yeah. And then plus I guess if you count. child support, you get child support too. Okay. How. much? Uh 320 a month. How old is your kid? He is turning two February 17th. Wow. So we have a lot of different. streams. Okay. The rental property. This. is interesting. We have a handone with.

the rental property bit. So yeah, we. have net 700. But. but do they cover all utilities and. everything? Okay. Do you set any aside for future. repairs? Do you set any aside for future. vacancies? Uh, I have a security. deposit. So, no. No. As you can see by my what? I think. it's the Chase business account. That. was like Well, I was unemployed for 6. months last year. And so, that's why all. this debt kind of accumulated. Yeah, cuz you have way too many sources.

of income for what we're about to go. through. This audit sounds like, oh my. gosh, someone just came on and they're. just doing incredible. But that's like. what I went through. Like all of a. sudden, this is like. I had the trauma dump and then you'll. understand. You have a what? I have to trauma dump. and then you'll understand all the. oh. all the credit card transactions. That's everyone's favorite thing on the. show. No, literally I'm gonna The comments are. going to be like trauma dumping. Well, hopefully not. Don't be [laughter]. that mean. You should be setting $117. aside on a monthly basis for future. repairs and future vacancies at the.

minimum. At the minimum. Wait, you said 117. 117. notes. I like it. It's rare. So 583. would be your cash flow. Okay, that would be your cash flow on a. monthly basis because the rest would be. set aside. Okay. Okay. So, I mean the trauma dump. Um I. mean give us a brief version because. we're about to go into a bunch of debt. and stuff or maybe we can go a little. into the debt. Then we can talk about. the story, but give me your score 0 to.

10. What do you think your score is on a. financial scale? As of right now standing with all my. debt to income like one. Okay. Like I just started this job in January. That's why now my income is like above. I feel like it's above like where I can. like pay all my bills and have some. leftover. Okay. So, we got a big daddy credit card. right here. Which one? This is Apple. I mean, there's a couple. big daddy credit cards. Yeah, there are.

We're sitting at $4,2029. It went up. 3383. I thought you getting. your together, but it went up. How's your previous balance? Minimum. monthly payment. And trust me, these act. up. that we're about to go through. Okay. $158.7 on a monthly basis. And. this makes no sense. This makes no. sense. If this is going up and this card. is acrewing interest and we have a bunch. of other debt that we're trying to pay. off and we're finally in a situation. that's good and we're ready to start.

attacking different things. What? Yeah. Nothing. Go on. Well, you're laughing and smiling and. like. Cuz you're just funny. Okay. [laughter]. What? I'm just It's dead. That's not. funny to me, but like Okay. Yeah, I. know. My personality is a weird. Yeah. No, your personality is funny. It's charming. Okay. Okay. Popeye's Tik Tok shop. You're shopping from Tik Tok. It was $7. First of all, say the amount. $7. 7.26. Yeah. Okay. And I wanted a perfume and it was.

only $7. So, I feel like valid. It was. cheap. Go roll around in some grass and. flowers. What is this? you if if there's. debt that you can't pay off, if you. literally can't pay off debt, I think. you smelling an extra beyond clean is. the least of our concern. Okay? And trust me, I'm not all I'm not like I. am not the guy that says, "Oh, don't get. Starbucks and don't go out do this kind. of stuff." That's not me. But when. you're in debt and you can't afford to. live and we have mispayments coming up,

we have mispayments coming up. If we. have mispayments coming up, we're not. getting perfume, that's when I'm like, "Uh, no, don't get Starbucks. That. doesn't make any sense." But I'm not the. don't live. I give people 30% of their. income. 30% of their net income. I say. go spend money on fun. So you when you. go and do this, it doesn't make sense. You're trying to pay off debt. You're. missing payments. It doesn't make sense. to do it right now. You cannot afford. it. Okay. So don't $7. It was just $7. It was okay. I know it was just $7. That's $7 that. could have gone towards that. And not. only that, but it's the death of. thousand cuts because because again, I.

went. what? What? I started with Popeyes and. then I only said a second thing and. we're like, "Oh, $1,000.". Look how many Look how many lines there. are. We're about to go through a lot of. lines. I wouldn't be laughing about. this. Dutch Bros. That's hilarious. Hobby Lobby comedic. Pete Terry stand. That's a comedy show right there. Data. Canina. Rain on. Rain on. What's raining. on? What are What's raining on you? You're raining the dollar bills on rain. on. That was We just My coworker and I just.

went out to eat. I guess my ex- coworker. for the last job and we ended up at. fourth street. Fourth street. Rain on fourth. It's like club. Oh, okay. I mean, I know Sixth Street, but. yeah, it's uh I don't want to say that. on here. What? It's like the gay district, like the. fourth street, like pride district. Yeah. All right, cool. Well, oh, that's why. it's rain on, right? Rain on. Yeah. Rain on for Yeah. Right. Right. Right. Um, cool. and we.

couldn't afford that. Sea tickets, fantastic, $96 that we certainly did not. have. Denny's. I feel like we could have. better food than that, but we chose to. go to Denny's. Old Navy. Did you need. what you got from Old Navy? Did you need. what you got from Old Navy? I'm trying to think what I got at Old. Navy. See, you you don't even know. So, no, you did not need it. Austin eyebrows. Mm- What we're doing is we're getting a. little trimmer. Going. If you look Wait, pause. If you look at.

my other expenses previous, I was doing. it because for the job interviews, but I it was 12. Okay, I see. Yes, a lot. of debt, but at this point, and that's what you said was about the. seven. It's 12 at 7. All of a sudden, you stack the 127 127 127 127 on repeat. every single day of your life. Where. does that end us? That ends us in a. missed payment. because I was laid off for 6 months. No. What? No, no, no. It's cuz you're. prioritizing your spending on bull. Okay. [ __ ].

Yeah. Even Okay, let's just say you were. laid off for 6 months and that's the. reason why. Okay, you're laid off. Should we be doing this of all things. while laid off? So, that's the worst excuse you could. possibly have. Oh, I got laid off, so. let me go spend all my money. I hate this episode. [laughter]. You hate this episode? Yeah. Okay, go. Why do you hate this episode? Cuz I'm going to get nothing. Well, be nice. Honestly, be nice. People. come on here, they're in the hot seat. I. think everyone thinks they look a little. better than when they come on, which is. the purpose of this because I am coming. here and or you're coming on and you're.

getting your kicked a little. You're. getting your kicked a little to get a. fire under that so that you actually. improve your life and become an adult. for the first time in your life uh. personal finance speaking. So, it's a. very mature and respectful thing to come. on here and I think it's very brave and. very cool and um cuz I know it's the hot. seat and then you're going to be in. front of hundreds of thousands of people. and yeah, I mean be nice be I mean. there's really no reason not to like I. mean I come in here and I'm like but we. want to hopefully end it on a positive.

note. Actually, we can uh Brandon if you. want to insert the clip here. You were. like we were talking beforehand and I. think you actually realized that unlike. a lot of people that think this is just. a show. I'm pretty much the same person. off camera as I am on [laughter] camera, right? Yeah, he is. Clip, please. Yeah. Are you like this on dates? What? Very like, yes. Can you say. I want to I just want someone to film. No, I want someone to film him on a. date. No, I mean Yes. Like I love that. Oh, what? Like you're very like not standoffish, but direct.

Oh, I'm very direct. It's just like. But like are you like that on a first. date? Maybe. I don't know. I'm just like I I. want to just like, you know, [laughter]. we got a thing to do. So, I'm just like, here's how to do it. Here's how we do. Yeah. Recording. Got it. Yeah. So, that's fun. And I Yeah, maybe. I am like this on dates. I I don't know. Peterry's stand. I want to be taking. somewhere someone there for a date. Lift. Ryan the coffee bar. Might take them. there. Texas thrift store.

Palomino's food truck. This just stacks. up, dude. This is just stacking up. More. tickets. More tickets. Tickets for them. One of them's dispersed. I dispersed the. I cuz I was originally going to buy the. more expensive one. Bad choice. Um so I. For what? OF WHAT? WHAT ARE we doing? It was for New Year's. What? What? On New Year's. I went to the who and where. What? I don't know what the is. it was an Instagram pages in like New. Year's Eve party. Who? And where?

Austin. When did you when did you get this job? January 1st. Cool. No, no, no. I I got hired on December. Mid December. So, you weren't collecting a paycheck. and you're like, let's go to a Instagram. party. Yes. Especially when we have $68 of interest. accured in one month. Wait, pause. Okay. I do not be looking. at the screen. Okay. I the only reason. what I'm gonna say about this is I feel.

like it you haven't really asked me. about my situation so I can't really. Well, I said I wanted to go through a. debt before we go to the situation. So, boom. We went through a debt. Go ahead. Trauma dump. Here we go. Everyone hold. the two times speed button. I'm kidding. No, I want I I respect and. actually want to hear what you want to. say. Um. I just know that they're going to yell. at me for allowing you to talk. I No, it's fine. Who's gonna Okay. Okay. Anyways, [clears throat]. um. so single mom. So I will say at least.

once a week I'm like, "Hey, I need a. break. I'm not going to cook." So I will. go out and eat. So that's that. And then. my son goes with his dad once like a. week and I like work two jobs. Oh, I. work two jobs and I go to school right. after that. So it's like waking up at. 5:45, going to work, picking up your. son. Then you have to cook, clean, and. do school work. So when someone's like, "Hey, like do you want to go out?" "You. don't really go out." I'm getting. emotional. Um. I I take full advantage. I'm like,

"Yeah, you know, let's go out." But as. of recently, like I. Who says go out? Like friends? Yeah, like friends. Um. I was going to say make that a date and. make the dude pay for it. So I've been doing that now. Okay, listen. Hey, power play. I'm adding you to my roster. No, I'm. just kidding. Oh, all right. Well, [laughter] okay. Well, no, but um seriously, when Yeah. So, I. think that's where I was going to come. in and say like that's kind of my. boundary in like regards to like hey. like that's when I put in the. application like your unique outlook on.

life where I was I said I don't think. you should like not splurge yourself for. like trying to pay off debt. I know you. said death by thousand cuts but I feel. like $7 or like just take out one. once a week but what did we just go. through? Dude, that was every other day. That's not once a week. Okay. There was. a period. Yeah. Okay. Go through. There's always a period. There's always. a unique month. That's how it goes. So, let me push back on something here. Uh. the eat out every once in a while. Let's. just say it's once a week. And then even.

though obviously clearly objectively it. was not, it was more than that. But. okay, let's say just once a week. This. is what I say for you being a single. mother. Yes, that makes sense. That. makes sense from a desire standpoint, from a you honestly deserve it. standpoint. I get that. But thinking. about the future for your kid. I know. I don't have a savings. I don't. have a 401k yet. That's scary. I would. ra I It sucks. And I don't wish it upon. anyone. This isn't a I wish so. This.

isn't I wish the world was this and. this. Who does that help? I could sit on. here and be like, "Oh man, I don't think. you deserve this." What are you going to. walk away with? You're not going to walk. away with any help. In the reality of. our economic system, what is important. for you to understand is the more and. more you do that, the longer you're. delaying getting out of debt, the longer. you're delaying having a fully funed. emergency fund, which is necessary to. have a roof over your kid's head in case. another layoff happens. This is delaying. you contributing retirement, which is.

you're giving up years of compound. growth that you need to take advantage. of to have a comfortable retirement in. our economic system. And if you do not. do that, you'll be putting a pressure on. your kid, not that you're intending to, but a moral pressure regardless for them. to take care of you because you never. saved up enough money to retire. You. never saved up enough money to put a. down payment on a house. Well, you. actually have a house, so that one. doesn't apply to you, but you just don't. have enough to actually survive. And no. one is going to let their mom die on the.

street. So, they're going to put their. We've had people on this show that are. taking care of their parents because. they were not responsible because they. go out that once a week instead of. paying off their debt and getting. theirit together and being a grown adult. who does those sacrifices. Those. sacrifices that I wish you did not have. to do, but you have to do because it is. the reality of the world and it is. counterproductive to say anything. otherwise. Again, a lot of people say, "Oh, Caleb, you're just mean. You don't. want them to enjoy things." No, I want.

you to enjoy. I want you to have an. incredible life. Again, it would be. irresponsible for me to sit on this side. of the table and be like, "Oh man, you. shouldn't have to do this." Okay, now go. on. That doesn't do anything. The. reality is in our economic system, you. need to retiter. And if you do not, your. kid will put their life on hold like. many people have on this show to take. care of you. And you delaying that is. irresponsible in our economic system. Listen, and I know where you're coming. from. Like I'm not saying anything. that's like going against what you just.

said. No, no, no. I'm not disagreeing. Um I know where you're coming from. because I was raised by a single mom and. she died when I was 17. So. sorry. I don't want to cry. Um. No. I I love the my mom. I'd be crying. I'd be crying and I'm sorry. Um. Oh, take take a moment. There's tissues. Okay. It's okay. You are totally okay. I was like, I'm not going to cry. [laughter]. Lol. I'm Dude. Um, I did have a a savings. I. had 12K and that's what lasted me 3.

months of the six that I was laid off. Good. I'm glad you. And I did apply for unemployment and. they just weren't giving it to me. How long did you have the previous job. since 2021? I I got laid off from Missure in March. through Texas. You were trying. Yes, it was through Texas. Yeah. And I. applied and then I applied for wig. I. applied for food stamps and like they. were cuz I have an asset over 150k. I. can't do anything. Like I can't do. affordable housing. They didn't approve.

me for wig. I don't know why. And then. food stamps. When I called the lady. basically was like you have too much. money. And I was well at this point you. haven't gone through the finances but. with the other ones but she like I had. 4,000 but like the I don't know what. happened with the house. the pipe had. burst or something and she I was. basically trying to tell her like that. money is going to be gone by the first. and they still wouldn't approve me for. food stamps. So, a lot of these charges. too, like they are on the credit card.

Like if you see Target, it's probably. like shipped or something or like just. any random grocery store. [laughter]. Cut [snorts] what? The bubble. Yes. E, you zoom in. I'll cry. I'll zoom. I will cut the bubble for you. The. bubble has been cut. They're They're hearing about the. bubble, but they didn't get to see the. bubble. Oh, okay. [laughter]. Um Oh, it's okay. Uh, well, no, the. bubble's okay. But, um, okay. Well, I'm glad you had money saved up. I.

think I understand the food stamps thing. and I understand the housing thing. because it's meant for people who don't. have any money and you did have money. The unemployment thing though, you're I. mean, you're paying into that crap. You're paying into the insurance. program. I really don't know why you. would have been denied. I I must be. ignorant to something that I'm. Well, no. I went and Well, I went on the. website and they were like, "Oh, like. identity theft." And they always say. that stuff. Okay. like I think it's just like a. random like a mass message. So I call. and the lady's like, "Well, there's. nothing on my side." And so I I still.

try to log in and it's like just not but. I did see in January that they did give. me one payment of like 452. So I and the. last time I requested was like in June. Okay. Well, I think it's time to make a. phone call again. Yeah. Okay. We have a car. What is this car? Uh 2019 Honda HRV. Okay. We have a balance $24,2849. Did I allow you to tell your whole. story? Was that your story? Uh, well, I mean, no, as you go into.

stuff like I'll explain like how I got. into that car and not like the previous. car. Minimum monthly payment $458. What is the interest rate on this thing? 6.99. Not the worst. Yeah, not the best. Yeah, it's I mean. it's basically 7% and then you take in. depreciation and. Well, you know, yeah, I had a Nissan Ultima. It was like. 12. It was 14. They knocked it down to. 12. I had a Toyota that I traded in. So, I think that's why it had went down. I. owed six, but the AC had blew out and I.

was already having like car problems. with my Nissan Ultima. AC. That's not a reason to sell a car. No, no, no. They were the only quotes I. were getting were like 3K and I was. like, well, 06 and I got it. I basically. only paid what? a few thousand. So, and that and then I. know Ultimas aren't reliable. Whoever. says they are, they're liars. They're. not reliable. Well, I had a 2013 Ultima and the. transmission died like immediately. No. Yeah. So, I know Ultimas aren't. reliable cuz my first car was a Toyota. Well, I think it was there was a year. range where the transmissions were funky.

if I'm not mistaken. Yeah. Um Well, I basically traded it in and I. still got nine. They gave me nine for. the value of the Ultima and I owed six. So then that's why I had just got a. Honda. Like that's why I. pretty heavily. How much were you making. in that last job? 22,000. No, no, no. 22 an hour. What does that come out to a year? I don't know. 45,000. I mean, uh wouldn't be upgrading to a car debt. that is half your income.

Well, it's half your income at this. point. No, especially because an AC went. out. I know you said you have other. problems. I don't know what they were. Uh but that's. No, I know the debt. And so I wasn't. anticipating. So, I think I was laid off. in March. I moved into my new apartment, which I didn't have like a choice of. like moving into. I was staying in. someone's apartment, South Austin, like. unofficial sub lease. And she was in a toxic relationship. Was. like, I need that apartment back for my. kids and I. And so then I was like,

where are my son and I going to live? So, I went on like a spree to go look. for apartments. And the apartment that I. live at now was the only place that was. like, we don't do three times the rent. do based on your rental history and your. credit score. Okay. And so now that's why I have rent of. 1674 like and then I got laid off like a. few months later and I had increased my. car debt. So like I went from 1,200 in. rent. Well, this car is too expensive for you. for your income now. It's still too. expensive. I mean the balance on it is.

half your income. I tried to refinance but even at RFCU I. looked at the rates and there matter. your balance though. I mean, refinance. for what? Your interest rate is not. fantastic, but it's not even close to. the worst we've ever seen on the show. I. mean, what are you going to get it to. where rates are today? Your balance is. still going to be your balance unless. you're putting an exorbitant amount down. on the refinance. Mhm. So, I'm not sure what that would do, but. this is too much for your income. situation. And that again sucks. People. going to be like, "Oh,

don't think she should be able to get a. car." You know, I'm just speaking for. the comment section today apparently. But it's [laughter] not about that. That's the simple math stuff in the. reality of our economic system. [sighs] And again, that is an expensive. minimum monthly payment. That's where. things start getting a little dangerous. This card is. Oh, yeah. All the way. This card is like death like gun to my. head immediately% right now at like what. doing. Why is there $10,000 on this? Okay, let back to back to the South.

Austin apartment. I had just moved in, right? So, I I bought. Make sure not to hit the table. gets. picked up in this mic. It's okay. Okay. Um, what was I saying? In the South Austin apartment. South Austin apartment. Um, how that all. started. I did buy a lot of furniture. and my baby was. and this. Yeah. And savings. and baby stuff cuz my son was just like. he was still like pretty. Yeah. So maybe we didn't get the. furniture then. Okay. And then I didn't have any like.

the only thing I had a bed like I just. got like a dining room table like couch. like little stuff. The infant needed to sit at the dining. room table. No, but I got the dining room table. because I thought I was going to live. there like longer than I did. You couldn't afford it. You had to put. it on a 30% credit card. and you knew you had baby expenses. coming. I'm not done explaining what I'm talking. about, Caleb. Thank you. Um, so then at this point the. pipe under the house had burst at the. house in San Antonio and my deductible. was a lot and I didn't have that much to.

like pay the deductible so of course. credit card swipe. Um, then the dryer. broke. Had to buy a new dryer and then. of course the refrigerator refrigerator. went out over there too. So it was just. like a bunch of stuff that was. happening. And then my apartments too, like I didn't have a washer and. a landlord though. No, I seriously and I didn't have a. washer and dryer. So yeah, I then I. bought myself a washer and dryer. Yes, it Yes, it was on the credit card and. like I shouldn't have but like that was. my life.

Rented a washer and dryer for a while. and I didn't know that. I mean I guess. but that was my lifeline. Like I mean I. the first ones I bought were from. Habitat for Herity. When was this? 2020. I got laid off in 23. What was your job? That was essential. That was Were you laid off during this? Yeah. No, no, no, no, no. This was all. like I had just moved in, bought all. this stuff, was still working. So, when was this? When was everything. that you were just telling me? Everything that you put on this card, when was this? Like before I got laid off.

Right before you got laid off. Yeah. Like I wasn't in there long and. then I got laid off. You had 15,000 saved up. No, no, no. Yeah. You had You said you had 15,000. 12,000 saved up. from that. Five was from in Kant. So, what is uh 4,000 hours a month. bas? No, that's literally how much my. bills are my bills are now. Well, we'll we'll go over it now. Yeah, because. that's how the bills were then. No, no, no. It was like 3,000 a month. then.

Okay. So, you should have been able to. stretch it an extra month. I don't know. Cuz you were probably spending money. I will say, yeah, during that time, too, I was. We make no money. How are we just. swiping on? Okay. What's crazy is the. minimum monthly payment on this is. $1,38. $1,38 for someone who makes. $50,000 a year. Well, that and I was doing minimum. payments for like. So, okay, this is insane. $258 of interest. At. least you're not spending on it. Well, it's cuz you can't. You probably. would, but the credit limit's $10,000.

and you're at $10,000. 50 $10,558. Gosh, at 30% interest rate. $258. interest. charging on a monthly basis. That's. insanity. What? 258 times 12. What is. that? $3,000 a year. Okay. Wait, one, don't take it for I was. just swiping and that's how I got to the. balance. That's not what happened. I was. doing the minimum payment and interest. on a minimum payment that has a high. balance. Of course, it caught up. Like I. that's not me swiping for $10,000 worth.

of stuff. Well, mathematically in. general, the if you were actually. hitting the minimum monthly payment, technically it would go down little by. little by little because the minimum. monthly payment is $1,000. The interest. that cruise is $258. You'd make $750 of. progress. So, no, but you're also No, I. missed two payments. when. like these last two months cuz I just. got paid at the end of January. We get. paid once a month and it's at the end of. the month. What was your previous job.

before that? You were making $22. that you got laid off from. That was essential. Well, what was your role? I was at customer service. Okay. Okay. Yeah. And how many months was it again before. we got hired? So, um, from. how many months was it between your. layoff and. explain to you? We got laid off in March. I'm trying to. tell Caleb, quit interrupting me, please. I got another job in a law firm. here in Texas. And I will say this is where I messed. up. I.

Why can't you just answer my question? I. don't I'm not trying to interrupt you. I. just want you to answer. Okay, then. think about it. You're I mean, instead. of telling a story, I'm just asking how. many months. wait. You've never seen someone have to do. calculus over. Stop. Uh I'm sorry. Well, no, but I'm. You're thinking about the total times I. was laid off, but there were like little. things in between. So, I'm trying to. calculate like, oh, like when did I work.

there? When did I do this? Oh, so you did have other jobs. Yeah. Yeah. Yeah. So, so I was like. censure. And then in June, that's when. the severance pay like we had severance. pay until June. So, in June, in order to. graduate and I in order to graduate, okay, anyways, um I needed to do an. internship. So, I did. And I went to. Houston and a favor of like a friend, they knew an attorney and they let me. internship there for a month and they. paid me like a hundred bucks a day. Then. from there, still didn't find anything. for like July.

September, so 3 months. Then I started. working at this law firm in Texas. I was. there for like a month and a half and. then mass layoff across Texas. And then. from September, what? November. I got. laid off right before Thanksgiving. Sorry, I forgot that. I got laid off. right before Thanksgiving. And then I. just started this job like January 1st. January 2nd. What kind of jobs have you been applying. for during that time though? That's a. long time. A long like No, like if you look at my.

history a lot like direct. customer service. I wasn't doing like. retail or fast food for sure. Why? Because that's where like anyone. can get a job. Like literally anyone can. get a job today. That's the one industry. that literally anyone can get a job. today. Again, that's not where I want. you to work. I have this conversation. with so many people on every episode. That's not where I want you to work. But. if like we've ran out of our savings and. we're still spending our bull, we can't. afford to survive. I think we're taking. a paycheck from anywhere because any. paycheck is more than $0.

So why were you not going out and. getting that money? I mean I the only. thing I'm going to give you an excuse. and it's because I didn't want to work. at a retail or. Okay. And that's a childish. and it is but even. because you have a kid to take care of. Yes, I know. When I was working at I was. about to say I can't say their name. Uh. when I was working at this law firm in. Texas um I would 20 20 was not like even. covering my bills. No I would still have. but congratulations $1 is more than zero.

dollars. No, I know that. And that's that's not. like you're you're right. And that's why. I don't want you. interviews light up. Before I accepted. this, sorry, that's not even the paper. Before I accepted this job that I'm. currently at, I had [clears throat] like. seven interviews lined up and I canceled. all of them because this was like the. first job and it was like, "Oh, yeah, we're going to, you know, like you start. this day. This is your salary.". Yeah, that's great. But until then, I just didn't. You had months and months and months. I. know you didn't. I'm just saying you're. wrong for that. Okay. Do you accept that you're wrong for. that? Why? [laughter] No. No. You're just.

saying that that thought, what was that. thought? What's going through your head? How how how any money $15 an hour for 40. hours a week is congratulations. More. money than $0 when we can't afford to. live. I'm not saying that's where I want. you to live. I'm not saying that's what. I want you to do for the rest of your. life. That's not I'm not even saying I. want you to do that. I'm not even saying. that it's going to be enough to survive. But if you have no money and you're not. getting unemployment or food stamps or. anything, Yeah. You need money, which. requires work, which might be at a job.

you do not like. Yeah, you're going to take me off your. roster after this episode. [laughter]. Yes, you agree. I agree, Caleb. [laughter]. I don't think you agree. I don't, but we're just going to keep. arguing. Why does. I WANT TO HEAR HOW YOU DO NOT AGREE. HOW. DO YOU NOT AGREE THAT $1 is better than. $0? How how do you not because because. I'm because the reason why I want to. understand is because if your maturity.

level is not there then what's even the. point of the conversation then going. forward. from the let's just say law firm number. one cuz I can't say the name law firm. number one to this law firm was like a. month and a half I had enough savings I. pulled well I thought I had enough. savings I pulled out my stocks and I. pulled out my acorns and I paid my bills. I tried to pay my rent through that. oh my gosh this timeline no offense and. I don't think I don't think we need like. a back to in the future diagram. We literally do. because I'm like trying to MCU like.

timeline of where everything is. It makes sense in my head because of. your life. [laughter] Where are we? It makes sense because I I'm like. looking at it in my head. Is Thanos here yet? I need him to snap. half this table in half. [laughter]. Preferably your side. I don't get it. How many months did you. not have a job? Six. So why were you not willing in the six. months to work? Because two of them, like I explained.

earlier, I got severance to pay. Then I. had the internship that I don't count as. a job. I'm counting that as a job. How many. months were you not getting paid? So June, July, August, September. So. three. Okay. Four. Okay. Why' you not. savings? That's when I was using the. savings. You said you fully drained it. What. happened when you. No. No. I'm when I telling [laughter] no. listen don't crumble it when I'm telling. you I used the savings this was in this. time period this period phase one was.

credit card relying on credit card does. that make sense. and you weren't willing to work instead. of using credit cards. I was getting severance paid then I did. shship and then. okay. there was like a hiccup where I should. have. let's look forward. okay anyways yeah thank you. $6537 on a Costco card. you purchased a little nothing crazy. like 13 bucks Oh, but I wouldn't be purchasing on a card. The credit limit that $115 of interest. is acrewing on on a monthly basis. And I don't think it was a purchase. I.

think it was like a subscription that I. need to like remove. You should. It was two peacocks. Who. even uses that service? It's like the. worst of all of them. I watched Coherence last night. You watched what? Coherence. It's a movie. Okay. Okay. Service finance company. Oh, see this is. your HVAC system. Yeah, that also part of the thing. The. AC went out. The AC went out. That was. another big thing. The AC went out. So. then I had to get a loan to pay for it.

Are you sure you want to be a Why aren't. you living in your house? I don't like that ear. Well, okay. Sell. it. No, I don't want to because of the. passive income. Like it has. income. I don't think you've made a. profit on this at all. Helping you. You're $10,000 in debt for this. You had. to go buy the fridge. like you're not. doing this correctly. You're not setting. money aside for future repairs, which. would have helped offset this. and Okay. No, like I get that, but I was. using the money that I was getting. That's why on the Chase and I don't know. if that's legal on the Chase business. card, you were saying like personal.

transactions because I was using the. money that I was getting from rent to. like pay stuff. Minimum monthly payment is only $158. Yeah. What's the interest rate on this? I sadly don't know. I don't know that. interest. Uh 12%. That's death. That's insanity. That's stupid. Well, I write it off so on my taxes. because that's like a house repair. Okay. And so is the washer and the dryer and. like everything else. Even still, I mean, you could. it's still death cuz it's on. Well, and not only is it debt, not only. is it risk even if you are even if it.

does uh write off from like whatever LLC. or whatever you have formed under your. house. Yeah. Under the house. Even still, 12%. like you're probably not meeting beating. the market to that anyway, even if it's. deducting from certain things is. not helping you. RBS, what the is RBS. and why late? That's my utility. Um, no, I shouldn't. be late. Oh, no. That that was from the.

month where I was No, listen. Okay, that. one I was I paid it. That's my. utilities. That's when I had pulled my money. together from Acorns and Robin Hood. Acorns? Well, yeah, because it was like pulling. and like that's like my emergency. Like. I don't even look at that. Like I don't. know how much money is in there until. I'm like, "Oh, shoot. I need some extra. cash." And then I go and look in there. That's not That's paid because I would. have already been evicted if that wasn't. paid. That's my utilities that I only. brought that document to show like, "Yeah, my rent's 1674, but that's why my.

You were past due. That's an old bill. How old? What date is it? You have to. again. I would have rather you This was. last month. This was last month. Yeah, that and I was. ancient history. That Oh my gosh. Okay. Dug up from the pyramids. This one. If I If it wasn't paid, don't say that. it's not paid. If it wasn't paid, I. would literally be evicted right now. Well, I don't know. It was due as of a. month ago. So, yeah. And I paid my rent.

Yeah, they sent me that on the 4th. Literally, the 3-day grace period on the. 4th. There's a vacation, but you weren't paying it. I. You would have had the money because I. have a check. Caleb, but I'm glad you. have a job now. Me, too. You didn't. I don't. That's. okay. Federal Credit Union. Oh, yeah. My bank. Oh, they must love you cuz you owe them. Oh, for the personal loan. $2,850. That's what this is a personal.

loan. No, it's a Visa Platinum card. Oh, yeah. That's my that was my zero. balance like transfer. Um so before so. when I got into the debt I was like I. went into I was like hey like I need to. learn how to like tackle this and she. suggested the bank teller suggested the. zero balance transfer and then our plan. was. well yeah it's zero I know it's 0% until. July 2025. So I know that. And so our. plan was if I just put in three pay put. in three pay. Yeah. But where did you transfer from?

another debit, like another credit card. Yeah, which one? Uh, I don't even remember. And you probably built that balance all. the way back up. doing minimum payments. Mhm. No, that's not how that works. Remember? No, no, no, no, no, no. You'll still. technically make a little bit of. progress with minimum monthly payments. And I'm telling you, okay, well, if it. was a Capital One card, I'm telling you, I missed the two minimum payments. because it was 674 at one point. That's what That's what you And so. that's when I called That's what you. mean. Yeah. And I called and I told them, I. was like, hey, like, can you put me in a. program? Anything? And the only program.

she could put me in was, "Well, if you. pay 674 while you're unemployed and you. can't pay anything, like that's the only. program we can help you with." Like, they couldn't defer it or anything. So. then now on my credit report, it's like, "Hey, you got two late payments.". Yeah, that makes sense. Hey, money that you owed and signed a. contract for. What is this? This is your Wait, wait. I pay 100 on. this credit card every week. Every week? Every week. Look at my statement. Wait, why? But the interest rate on other ones.

are so. because I'm trying Well, my plan was to. tackle it and then transfer more and. tackle that. That's weird, man. Is that a bad plan? Well, especially since you're just. building the balances back up on the. other cards. It's counterproductive. You're This isn't This isn't making. sense. I'd rather you just pay off those. other debts, chop up every credit card, burn every account you've ever known. because you're not a credit card person. Okay. balance transferring and paying that off. as quick as you can while you build up. the balance again. Well, no and not even that. But if this.

is paid off, okay, let's just say that I. have an emergency like right now. standing, I don't have a savings like. emergency savings. So, as you're going to hate this, but. like this would be my lifeline if I had. like a tire expense or like something. went out in my car. Like. there's only No. Well, it's. No, there's like you can borrow like. $700 on here. That's not going to give. you a big. I mean, no, but like as I'm paying it. off, like this will like be my lifeline. until I build up a. savings. But I get it. But the thing is. technically the other card could be as.

well. Now, I know they have higher. interest rates, but with the way you're. doing this is you're transferring it. from a 30% card, but then whatever you. transferred from the 30% card, you're. putting right back on the 30% card. anyway. But no, like I I promise you, yeah, you. saw those statements, but like I haven't. been swiping like. What is this? What do you mean? We went through the. Apple card. We went through the apple. You've been swiping like a. swiper. No swiping. [laughter]. Oh, that that's my uh rent. That's like. the total like I just brought it just to.

I don't know. That's your rent? Yeah, that's my rent on a month because. of the utilities. That's why it matches. You're in a place that is beyond way too. expensive for your. No, I know. That's why I had explained. to you in the beginning home, dude. I. don't care if it's in an area you don't. like. No, no. That's why I explained to you. the only reason why I got into this was. because the woman was like, "Hey, I need. that apartment for my kids and I." Boom. I'm going like, "I need to find a place. to live. This is the only place that's. not three times the income." When I. wasn't making dirt and that. What's your support system?

What do you mean my support system? Family. Anything? [clears throat]. Like I have family but not like. Could you have moved in temporarily with. someone? I was for a while. my aunt and that was. just like a very toxic like. Okay, so two places you've lived have. been toxic when they've been with other. people that didn't mean. who was with other Who was the other. person? You said you had a roommate at once and. they had a toxic thing. Unless was that. the aunt? Is that the same person we're. talking about? I never brought up a roommate. Did I? Yes. Didn't you? Oh, I had No, I did. I had roommates in.

San. You said there was a roommate with a. toxic relationship. No. Oh, no. That was the lady that I was. living in her apartment under her name. the unofficial subies. She was in the. toxic relationship. She was like, "Hey, I so far the two people you've lived. with both have been toxic.". Yeah. Just statistically that concerns me. No, no, no. Not like No, like she was in. a toxic relationship. She needed to move. back into the apartment with her kids. Does this include internet? Yes. Okay. No one. And they lied. They were like, "Oh, it's included in But they lied.

It's in addition to the rent." Like. there's just And then all those hidden. fees. That's why I brought the. Okay. Okay. Utility bill. Gosh. Cuz if you really look at. three minutes in and still going through. the debt, save me. [snorts]. Yeah. Loan Depot. That's my mortgage, which I think you should live in because. it's only a,2. $250 a month, which is actually. affordable for you. And then interest. rate is 2.375. It's insanely incredible. And we have a balance of.

140. Yeah, man. I don't know. This thing's. like a lifeline. You can you have your. rent locked in if you lived here. Wait, repeat that, please. I'm sorry. You have your living expense locked in. if you just lived here instead of this. $2,000 a month chaos that you cannot. afford. This gives you a $750 wiggle. room. And even if you're bringing an. extra $538, you're still lost in that. 250 bucks. Yeah. I And I know it's simple from. where you're sitting to be like, "Oh, like it's so easy to just up and move. with your kids.". Everything's always easier said than. done. It's a 50-minute It's a 60-minute.

conversation. every single thing is. going to be more nuanced than it. actually is. But even still, in just. basic realities, talking about math, you. just can't afford your current living. situation. No, pause. But go ahead. Um, well, the only reason why, well, one, born and raised in Austin. I like I. love Austin. Like, I don't want to. leave. Cool. Congratulations. You like it and. you said want, cuz want is a want is a. want. Okay. And I don't want to. But two, um, my child's daycare that's really. cheap right now and it's not like I. don't get any like government assistance.

or anything. It's only cheap because. it's on a sliding scale because I was a. student and so if I. does not exist anywhere else in the. United States. No, but not as cheap as I'm paying now. 150. Dude, if I give them my new updated. like. won't you have to eventually? Yeah. So I'm like like waiting until I. get my income tax and be like okay like. here's my because then it'll like be. like 1,200. So when that happens, that. immediately negates that reasoning. Yeah. I don't And no. And my job first. of all and my job security. No. And my.

job security. Like I'm not leaving this. law firm. Okay. Because the pay is better in Austin. Especially in Westlake than it is in San. Antonio. Okay. Especially because like I just graduated. and all I had was. This is what you want to do? Yes. Yeah. Well, obviously I want to go. to law school. So yeah, I'm doing like. I'm in the field I want to be in. Okay. Man, how are you going to pay for. law school? I don't know. I don't have any student. debt. Like all throughout my like. college life. Well, all throughout my. college life, I found programs that like. help single moms in regards to like.

paying for school. So, like I have I. don't have any student debt yet. Are we still going to make you a budget? I mean, you're going to go through the. the extensive budgeting program that we. have that every guest gets for free. So, take that. Truly, it's saved. Yeah. thousands of people's like lives which. is. well and I kind of wrote out all my. bills and like what I if I and then the. minimum payments that I have and then. okay well we'll go through it. but that'll give you when you go through. the program it'll give you a true. detailed thing and a spreadsheet and all. the good stuff and a debt payoff plan.

okay so yes the mortgage is good. you have a personal loan somewhere. yeah that was the it's in the A+ account. it's in the federal credit statement it. should say when I read through it said. maybe they didn't print off the other. page. It says page one of this is one. There's three. Oh, it's at the end of your checking. account. Okay. Well, we haven't gotten. through there yet. Oh, okay. Yeah. 522. credit score. Spotify. We can listen to. ads while we're trying to get out of.

debt. Disney Plus. There's nothing good. there anyway. Uh Polio Rico, Poke House, Dairy Queen. Shocker. This is definitely not just. once a week. Wait, no pause. Lots of pauses. 45 minutes in. Go ahead. friend sends one of my friends sends me. money and I can't say like I'll just say. friend. One of my friends sends me money. and like you're not seeing that deposit. go in. Like that's why they're. Why are they sending you money? Go eat. You and your son. Go get. something to eat. And they're like. here's 20 bucks. Here's. because I I'm open about my finances. Cool. I'd throw it towards your dad.

And then that's when I explained. earlier. So maybe your so that maybe your kid has. college paid for in the future. That'd. be cool. Or maybe so your kid has a mom. that's able to retire. That's right. Yes, Caleb. Hm. I said yes, Caleb. I feel like that's a deflection. I feel. like you like you don't agree. You're. just like, but move on is what you're. saying. Yeah. Yeah. Let's move on. [laughter]. Is it like, [laughter].

okay, if you want to be on financial audit, yeah, apply in the description below. Oh, trust me. Just be open to changing things and you. won't be. um I am open to changing things. Yeah. But if someone's like, "Hey, here's $20. to eat." I'm like, "Okay, he got like. Thanks.". Okay, now here's. a 13%. almost 13.5% interest rate of death on a.

personal loan. What's the balance on. this thing? 2275. No, no, no. 12,000. It wouldn't be. 12,000. Yeah, it's 12,000. What is this for? What is. this for? What is this possibly for? What is this for? So, remember when I told you I went into. A+ for Did you asked about the Elon card. and she gave me the the credit card for. the zero like the transfer and like. Yeah, it excuse [clears throat] me. It took a.

while to come in and I was like honestly. like panicked and paranoid. So, I went. in and I just got a loan consolidation. What are you? I was trying to fight that. Obviously, did I accomplish? No. Did I do it well? No. You were too relaxed about the direess. of the situation. Well, because I've been living with. this. Like, I know what my situation is. That's obviously why. you've done nothing in your spending. habits and anything. Knowing your situation, but you've done. nothing.

Well, not nothing. This is like the. first month that I have the income that. I have. So that's why I wrote down like. my little plan and I was going to. This is the first month you have the. income that you have. We're probably not. spending it all on stupid spending. We're probably putting it all towards. debt. That's what we're probably doing. That's probably what we do. Your facial expression was funny. Hm. I said your facial expression was funny. That's why I [clears throat] was. laughing. $322. monthly basis or Yeah. monthly basis and. seven cents.

Monthly payments are insanity. Insanity. Insanity. You What's the daycare. situation? What time can he be dropped. off? 7:30. Yeah, he um 7:30 to 5:30. Has to be picked up at 5:30. Has to or I do late fees. [groaning]. Well, how much is the late fee? I don't know. Wait, how late can he stay with fees? I don't even I haven't asked, but at 5. like 29, they're like, "Where are you?". So, I think Yeah, I don't think there's a. evening care program. $1,27 and our Chase checking. Oh my.

gosh, it went down from what was it? 4,690. paid rent. Canva, ship.com, boomars, and tortilla. Yeah, this is not. a once a week thing across all these. accounts, dude. You're going out you're. spending some money or doing something. stupid and I'm on a on a the daily. basis. And then yeah, here's Acorns. We took it. out down to $3. Took out $1,337. What kind of Acorns account was this in.

by the way? What do you mean what what kind of. account was it? What kind of account was it? Acorns. later. Was it a Acorn's traditional? It was like the one that like they take. out like the and they invest like your. change. That could be later or it could be. traditional. All I'm saying is there's. penalties. Okay. Well, let me see. I didn't know there was two different. types of accounts. There's a lot you can do with Acorns. Then Robin Hood, I don't know. It was. $295. You took it down $39. And it. doesn't matter, but we're in Amazon and. Microsoft only. So, two single stocks is.

what our retirement fund is at like $20. Okay. Going out to eat. 268 bucks. 3.6% of. spending because your spending is. insane, by the way, because you bring in. a whopping $3,880. a month. I don't think so. 3,800 was from the 9 to5. Yeah. Are you not counting the other incomes? Uh, an additional 763, so 4,644.

Uhhuh. Okay, cool. 6,468 went out, which is. $2,000 more. What account is this? This is across everything. Oh, okay. Oh, okay. Only $2,000 more. Well, I that's all. I'm like 2,000. I was like, that just. sounds like rent. Like, what else would. it be? Everything combined. Your housing is. Wait, can I look at it? I'm like. confused. I'm reading it like a visual. I'm reading it off. Okay. Housing is 48%.

Groceries 7%. Going out to eat close to. 4%. Subscriptions 1%. Random that is not. necessary for life in any way. whatsoever. Miscellaneous. 7.5% or $547. Yeah, we don't do that. when there's 2,000 hours of missing. Transportation 9.6%. Phone 2.6%. Unknown. shopping 8.2% a big big old chunk there. Let's see where that is. That's Target. That's is that daycare.

And Target is either it's shipped or I. know the few times when I go to Target. like I need to get something for my son. or like household necessities like dish. So. some other miscellaneous unknown. shopping. Let me see what is it under. Thank you, Caleb. Tell me your gas. How much in gas? What. does this say? How much in gas? [ __ ] I just want to see what you were. pointing at. You asked for it and then I. needed something. Okay. Your phone. How. is Why are you paying for Cricket and. Mint? No, no, no. I canceled Cricket. I I. switched over to.

So, just me. How is Mint $121? Because they had that deal where you. like if you It's like the three months. extra for free. For free. So, you paid three months? For like six months? I paid for like six. months or nine. How much is So, so you don't have to pay. anything anymore? No, no, no. Not for a while. Okay. Okay, I'm taking that out of your. budget then for a second. I'm trying to. figure out your gas, which will cause. $104. Oh, I had to drive to wake go to drop. off baby to meet halfway with his dad. $14 isn't bad. Oh, okay.

Okay. Car insurance, how much? 19. Okay. 300. Uh, well, actually, you have to. take care of a kid. Okay. Two-year-old. I'm saying $500 for food, $500 for. groceries, and toilet paper fun. I'm. going to do a little more because kid. kid requires kid things. $200. How much. is the uh. daycare on a monthly basis? Right. As of right now, 150. Yeah.

So, I'm like hoping they don't ask me. Cancel all subscriptions, they don't. matter. Anything medical you have to take care. of on a monthly basis? Prescriptions? Anything? No. Co-pays? Nothing at all? No. Nothing for the kiddo? Okay. All these minimum monthly debts. That's going to be insanity. Rent with. utilities included 2009. Plus that $40 platform fee. Kill me. No. Literally. Your minimum monthly debt payments. Dude, [applause].

how much? I don't want anyone to go through. bankruptcy, but. I would never claim I would never file. for bankruptcy ever. Okay. Well, well, it's not even an option. Okay. $3,61. and not a single Well, actually, wait, wait, wait, wait. Let me let me subtract from that 3,61. your mortgage. Let me subtract your. mortgage. Oh, yeah. It's 1 1250.

Okay. So, bad debt, minimum monthly. payments. Bad debt, $2,351. Also, still insane, by the way. Fun. fact, it is. that's why I'm here. That's why you have pushed back on. everything. Okay. And then your total income. 4,644. Why did I Why did I get it different. when I calculated it? What'd you get? I got like 5200 a month.

Well, we just had what came in. So, but did you add everything like child. support? Child support actually child. support. that's like plus 320. Well, let me see. some extra deposits. Okay, so let's do 3,000. Now that we have a little more insights, 880 plus 320 child plus 583 cash flow. plus 320 a month. Okay, so we'll do.

$5,13. Okay. But. are you you added [clears throat] sorry. are you subtracting the. what you're taking away from the cash. flow and the debt? Well c. well the no in regards to the okay. yes cash flow is after the that property. insurance or property taxes uh any. utilities you have to take care of which. you don't. Uh plus 3% for future. vacancies 3% for future repairs gives. you $583. Uh,

by the way, I really Well, let me write. down this first. So, $5,13. Are you set any money aside for taxes on. the No, cuz you don't have any money. anywhere. No, last and last year broke even. Yeah, with all the repairs. What was your purchase price of the. house? 155. Cash on cash return is I like to see a. minimum 12% cash on cash return. you're. getting like 4%.

So, this isn't even like a great. performing property. Now, maybe it's in. an area that's going to boom, but. I mean, it's in a gated community. Oh, yes. The very dangerous comm gated. community you're talking about, right? It's a gated community in. I don't want to say that on internet. [laughter]. This isn't like South Africa, dude. Well, no, but like there's always like. shootings and high crime there. So, yeah, it is not that great. Anything else I'm missing from your. budget? Uh, no. pets.

No. This is insanity. Needed to survive minimum because of. where have you gotten yourself? Which is. why bankruptcy is like I don't I really. don't want to suggest it because it's. like one of the worst mental and just. it's it expensive to go through too. things. But required to survive is. $6,623. at a minimum. M what? Nothing. Go on. I'm listening. I was.

just unless I am bad at math. I'll say. that. Well, you don't know how to calculate. cash flow. So, that's a part of it. This. is I mean, what are you telling me? Well, no. I'm just thinking about. I have your rent, your mortgage, the. platform fee, the gas, the car, gas, car. insurance, all your minimum monthly debt. payments except for the mortgage added. up separately, $500 for groceries, $200. for your TP fund, and $150 for the. daycare. Uh, have all that, add that together, $6,62,326.

on a monthly basis. What do you have? What's your minimum needs to you that. you calculate? Well, when I calculated. with all this income that I'm making and. all my bills that I have to pay, I was. left with like 800 a month. [laughter]. I'm so serious. That's I mean, well, no. And I was going to use that to. like tackle the debt. Yeah. Go through our program cuz you do. not know how to budget. You don't know. how to budget for a single second of. your life, which is totally okay. The. vast majority of Americans don't. So, go. through the program, dude. You got to go. through it. This is like basic. This is. basic. It's going to vary from here. It's probably a little more expensive.

This is like starter level. And you're. beyond far off. Oh, okay. Thanks, Caleb. You're welcome. Because I don't want you. to die in poverty. So, you're welcome. I. don't want your kid to die in poverty. So, you're welcome. I don't want it to be one of those. episodes where it's like, I don't know. what to do cuz you just got to you don't. make enough money. Like, you're already. working like a thousand extra. No, you're not. I mean, you're working on. Sundays, guys. I work Monday through Friday. Sunday. It's the kid. It's the that stinky.

sticky little thing. I want it to go. somewhere so you can work in the. evenings because you need to bring more. money. That's the only option. If. bankruptcy is not on the option for you. No. Then it it's literally needing to work. more. But where does the kid go? So that's for you to figure out because. like. this might be. Well, and if I have I would have to pay. anyone to watch him. So. yeah, I don't have like support like that.

where my family is like, "Oh, I'll watch. him." Like, no, no, I know. And that's what you said. earlier. So, um, that's why I'm. thinking, okay, maybe a babysitter is an. option. Well, babysitter is like 20 an hour. I'm thinking I'm thinking I'm thinking. I'm thinking I'm thinking [snorts]. you're right. And I do can't do housing cuz I have an. asset, which you should be living in. Yeah, I. know. Oh, I can't. And the other thing I would. want to potentially consider, but I can't in your situation cuz you've.

just shown that you're not responsible. with it, is an overall consolidation of. a lot of the credit cards. Trust me, I did. One second. Because even if you did, or even if you. could qualify, which you probably can't. I don't. Exactly. But even if you did, you just. build your balances up immediately. anyway already. No, but trust me, what are we doing? I'm not like No. Like I I'm not that far. off where I'm like, "Oh, like I don't. know what's going on and whatnot." I. don't think my spending's horrendous. WHAT ARE YOU TALKING ABOUT? NO. OKAY, but you're saying this, but.

dude, half of them were like someone's. like, "Hey, like go eat. Like it's okay. Like go eat with your son. I know you. $20 a week.". No. 20 during half of these like they. would send me money to go eat. But that's not a necessity. But I'm But no, survive. So this is. where our differences. differ. Let me explain. No, let me. explain. Mentally Monday through Friday. getting up at 5:45, working at 9 to5, having to come home, pick up your kid, cook, clean. Dude, I get tired. At least.

one day. Like it's not like I don't. think that's so bad. Like, oh, you. should never because when will I ever. catch a break? That's where you lose me because you're. right. Again, this comes back to the I. wish I wish I wish. This isn't a. Unfortunately, we're not just spawned. into a video game where we can do. whatever we want and it's just like a. dream world. It's really not. I wish you. could do that. I wish all this stuff. I. wish this that didn't exist. The reality.

is here it is. And the reality is that. you've chosen to go do those things. instead of putting the money towards. your extra debt. The reality is when. you're given extra money, when you have. a gap of $2,000 to make up, $1,000 to. make up, you're choosing instead of. putting that extra money towards that. gap to going out to eat and putting that. on a car that you have to pay off where. the vast majority of that was put. Trust. me, it's not me saying I don't want you. to. It's that like literally for your. survival, you can't. And this is screaming it.

This is seriously just basic math. I. mean, tell me. I just don't know why our numbers are so. awkward. What's What's a bigger number? 6,623 or. 5,13? Probably the 6,000 one. Yeah, I added up your And if Tell me where I'm. wrong here. Tell me. Well, and this is where I was confused. You're adding You're not I added the 700. the full 700 is cash flow, dude. But are you subtracting? Are you still.

are you are you also including that. though when you're talking about the. debt? Yes. You subtracted it from the debt on here. because you just you subtracted it from. my income. I included it in your income. I put it. in your income. Wait, wait, wait, wait, wait, wait, wait, wait. Did Caleb just mess up? Did we get that on camera? I mess up all the time. It's okay to. mess up. Uh, all right. Let's see. Let's ask the audience. Oh, no, no, no. I No, no, no. I I did in this situation.

I I see what I did here. I I put the. extra 583 towards your income instead of. the 1,950, which is what comes in. Now, obviously, you take off from the. mortgage. So, let's see. Okay. From the. 5103. minus the 583 that I put towards it. Okay. Plus the 1,950. And then we have to minus the money that. you're setting aside for future repairs. and future vacancies, which is.

Well, that's why I have the security. deposit. That's not how Girl, this is not That's. not. No, but if they mess it up, okay, I see. that. And I do need to set up more money. aside. I understand. But if they if. there when they move out and there's. anything in there that's messed up, they. don't get their deposit back. And I have. I know, but that often times doesn't. cover things. And this is also including. future vacancies and the repairs. The. the repairs isn't even stuff that they. messed up. It's like a broken heater, like a broken water heater. So, this. isn't that's not something you can. collect security deposit on. So, just.

I'm just follow me for a second. I'm. subtracting. the. 1004. $17 that you set aside. Okay. Okay. So, we can add that to the So, $1,760.30. is the extra that we can now add to the. $4,520.

Okay. So now our new total income is. 6,280. Is that closer to what you had? Wait for income? Yeah, total income. I had like 52. [snorts]. Guys, it's a new year and you need to. make your money work for you. You can do. exactly what I literally do right now. and put my money in the best high yield. savings account, SoFi. I get a 4.6%. yield on my money and I also took. advantage of the bonus of up to $250. when I signed up. You can start 2024 off.

amazing by doing the same by going to. the link in the description below. Okay. Well, you're doing it in a weird way. where you're like this. Well, I was just doing like. you're like subtracting it from the. mortgage and stuff like that. I like I. just added everything that. I included that into your income and. then I added a mortgage as its own. expense. So even still even and still. we're negative. $342. So the conversation still hasn't. changed dramatically. Yes, it takes less. going out and making some money to be.

able to break even, but the end thing is still the same. you. need to find a way to make more money. and. without going without being able to do. any consolidations, without going. through any kind of bankruptcy, without. being able to do anything with the kid. Like I'm just trying to figure out what. you can do. I mean, and I there are sometimes like I. pick up extra shifts at the church like. they'll do like like a sexual ed class. So I worked Friday, Saturday, and Sunday. at the church. What's a church sexual ed class? Don't.

stick it in. I I don't know. I didn't attend. I was. taking care of the kids. I assume I assume That's as far as it. goes. Yeah. Well, basically, I don't know. I mean, I pick up extra shifts when I. can at the church. Oh, I don't want to recommend this. This. feels gross. I'm throwing it out there is what some. people have done. I don't like it cuz it. puts in kind of a risky situation. Plus, you're leaving your car every once in a. while. But some people put their kids in. a car seat and do Uber Eats in the. evenings. Well, I have school in the evenings. I. have school and I have to do like 12.

hours. How How's it getting paid for? Pell. grant. Okay. How how how much more? It's SNHU. It's like. how much more? What do you mean how much more? When are you done with your bachelor's? I should graduate December of this year. So maybe at that point instead of going. directly into law school from there. because you're just accumulating more. and more debt. Like I'd rather get this. taken care of get a fully fun emergency. fund then go to law school which you. will accumulate debt for but it will be. different kinds of debt and it'll be. debt that's going towards something. productive. Well that and then my lease ends in May.

So I'm like trying to find somewhere. need to dramatically downgrade. Yeah, exactly. And I can't do housing. because I have an asset. No, I know. But in Austin, like I the. people that are that work for me, like. they have cheaper rent than you. One has. cheaper rent than you and he has two. bedrooms. You might not live in your. dream area. You might have to commute a. bit for work, but you can get a much cheaper place. than this. I know. Austin is one of the more expensive. cities, but the rental market here is. actually taking a massive hit.

Mhm. So, I think you're actually on the. rent side. I think I would I'd be up. that actually might make a big. difference. I think we could get you to. about 1,400 and. Yeah. Well, that's where. and then I think you would actually not. only break even, but have like an extra. $100. But that's still not going to be. make or break. I I just need you to make. more money. I just need you to make more money. because in the end, this is not a. choice. And it's going to take some. finangling and figuring out and working. with even if it's just like literal.

$8 an hour customer service calls for. some crap. and I was looking but the training. interferes with my there's usually. training in the morning like Monday. through Friday like in the morning. I. can't train for a job while I'm at a. job. you. Again, it's going to take. finessing and you might just have to. find the perfect job, which is going to. be hard and so much easier said than. done, but it might just be something. that it's like literally clock in when. you can and take the worst phone calls.

and get paid literal federal minimum. wage to do it. Yeah. And it sucks, but that is more. money in the end and work as much as you. can when the kids put to sleep and get. less sleep than I would like you to. have. But that way we can at least make. progress on our bills because at this. point, I mean, you'll just we got to. stop putting money on the credit cards, which you const you're constantly doing. And no, you got to cut the zero. I. would. In fact, that extra money that. comes in though, I get it feels good and. it helps you push forward, but you're.

just not pushing forward in life. It. helps you push forward in like a literal. like you're standing. You're still. standing, but financially, I mean, you're just going backwards because you. have a hole on a monthly basis. Yeah. Um, so from there, it's that if you do. get any extra money, I'd be throwing it. at the debts, man. I'd be throwing at. the debts because that gets you to a. point where you don't have to accept. money from anyone ever again. You get to. be the person that sends other people. money at some point. It. It's so hard right now. You're in such a.

hard situation. You're incredibly brave. and I'm proud of you as a single mother. I mean, you're do you you're grinding. You just need to cut back on things. You. need to make a sacrifice, which sounds. so much more mean and aggressive than it. should be that anyone should go through. But it's because of the reality of the. economic structure that we live in that. you need to do it for the sake of your. life, for the sake of your kids' life. Uhhuh. Because I mean, their life is more. important than yours to you, right? Yeah. So sacrifice your things that make. you feel a little better throughout the.

week for their future. It's worth it. It. is so worth it. And before they even. start developing core memories, I want. you to be out of this situation so they. don't ever see their mom break down in. tears because of their financial. situation. Mhm. But you need to start taking care of. this now and sacrificing now to get. there. So, it's going to you're going to. research is going to have to be done on. your end aggressively on job market. opportunities for even like the lowest. wage crap at home answering calls, doing.

emails, bull in the evenings. That's is. what it's going to have to be. And. you're just going to be with your. full-time job with school that you're. choosing to do and this. you're just going to have to be. aggressively doing it. One thing you. could do that I don't like, but when the. semester is done, you're so close, but the the interest rates and the debts. are so insane that maybe because I mean. you can pick up the credits at any time, you know, going forward, you know, talk. to a counselor there at the school, take.

a break for a bit and make progress on. the death and finish up your semester. when you can like afford to survive. And. again, that's not something I want you. to do. It's just like literally you can. basic maths, you cannot afford to. survive right now. You're only going. further in the hole. So, it's a. temporary break. Yeah. You know, for a year, maybe two. Take off as much of the debt as you can. So, you're not only breaking even, but. you're making progress. And then at that. point, go back, finish it. Um, now again, will will that work with. the Pell Grant situation? I'm not sure.

So, there's things to look into. There's. things to look into. There's a lot of. work that has to be done on your end. when it comes to research, but there are. ways to finangle the process, and we're. going to be with you every step of the. way. So, you ask us any questions, any. resources we can connect you to, you let. [snorts] us know. You'll be part of the. private Discord uh for all past guests. People have found ways to pay off debts. and finangle some systems. You're going. to post your wins, post your fails, everything. Keep each other held. accountable, ask questions. You're going. to be sending out your updates um your. updates to uh the audience who are. signed up for the newsletter. So, we're.

going to be following your journey along. the way. There's exciting there's. exciting things to be done. You just. have to put in a lot of sacrifice and a. lot of research right now is what's. Yeah, that's that's what it comes down to. right now. Which I wish I. I wish there was a happier end of this. episode because I mean you're very nice. and you have you have a great heart and. I I want you to have a good life. So, please sacrifice now to get it. Okay. Any final thoughts? Um, no. No thoughts.

All right. All right, let's do your. hammer financial score. If you want your. hammer financial score, link in the. description below. It's free. All right, spending in a budget. I mean, you can't afford to survive and you had. missed payments. So, it's literally like. you can't afford to spend any of it. So, it's zero out of 10. You're not spending. under budget. Doesn't make sense. Your. debt, no collections, no IRS debt, but it is. aggressively rough with a lot of these. debts, especially compared to your. income. Having a hard time going over.

one, but I'll give it a two out of 10. Emergency fund, you don't have anything. 0 out of 10. retirement, you don't have anything. Uh, real estate. Now, this one's. interesting. You actually have a real. estate score. You're renting it out. You're doing some funky things. The cash. flow doesn't work very well, and you're. going out and renting your own place for. more expensive. So, I mean, that all comes into effect. when it comes to score, but I'll give. you a four out of 10 there. So,

hammer financial score rounded up 1.5. out of 10. Make sure to check out all. the resources linked in the description. below. They are what I use or would use. in specific situations, including the. best budgeting program in the history of. the internet. Thanks to all of our. Patreon producers for making this. episode possible. If you want to. participate in an episode of Financial. Audit and you're able to make it to. Austin, Texas, please fill out an. application in the survey linked in the. description below. You can also send a. link to your friends or family who you. think might be good to be on the show.