Controlling Karen Exploits Cuck Husband | Financial Audit

you're a little domineering aren't you I. don't mean to be I am controlling though. do you feel like she just like talks for. you cuz I I want to hear your thoughts. on it but I feel like she just answers. for you I mean yeah she does give me. your thoughts I want to hear your answer. on this stocks and crypto I was in I ask. him what he had invested in my family. members more you're such a controlling. hi my name is Alysa and I'm 40. years old hi my name is Connor and I'm. 32 years old and we live in Fort Worth. Texas and this is financial. audit welcome down to Austin so let's.

start with you Alyssa what do you do for. a Liv in Fort Worth Texas I am a. registered nurse I've been a nurse for. 20 years great good income there. sometimes depending yes it's very good. income and then I am a trauma program. manager currently oh double job so no I. upgraded from bedside nursing to. management in 2022 oh cool what so what. do you make um I make 111,000 a Year. beautiful gorgeous that's awesome we. love to see that what do you make Connor.

I am in construction I make $25 an hour. okay 40 hours a week uhuh comes out to. about 4,000 a month and is that paid. time off and everything no paid time off. oh how much time do you take off usually. I typic two weeks a. year yeah yeah on average so looking at. probably like $50,000 a year MH okay. very good so 100 and uh.

161,000 How We Living how we doing how's. four worth living 161,000 we we're we. make enough to live well uhhuh we just. made some bad decisions a couple. sure okay the spending gets a little up. there sometimes well up there we have an. up there income maybe spending's a lot. to be up there potentially based on. certain situations that wasn't always. our income so he's just now consistently. working making that kind of money right.

in just this year okay well that's well. I'm that would help us then yeah yes. yeah so before that and like last year. 2023 he didn't make he made like. $20,000 okay but I mean you're clearly. the income you know owner of the home. bringing that in which is awesome um I. guess it depends on what our spending is. whether or not that's a problem right. cuz if we're going absolutely insane. taking crazy Vacations or something then. sure that's but well how long have you.

guys been together married we got. married in 2018 and we've been together. since. 2016 very good very good Okay cool. so what is going on then what do we have. here cuz for you make it sound kind of. mid but I have a really big. stack what is going. on um it's. just debt that's piled up why would debt. be piling up with such a strong.

household income what kind of debt uh a. lot of credit card debt why why would be. be in credit card debt so what's. happening prior to me prior to this year. I wasn't I wasn't really earning much at. all yeah you brought in $30,000 more but. you guys were making uh you know at. least $120,000 $130,000 $140,000 a year. as a household so buy re and credit card. live in Fort Worth not one of the most. expensive cities in the United States so. in um 2022 I took a salary job from ER.

nursing okay um I was at the top of my. pay for ER nursing I wasn't going to get. any higher um I would pick up one extra. shift a week um so he could be a stay at. home dad so he's he was a stay home Dad. up until then kids what do we have ages. uh so our youngest is four and our. oldest is 14 or 10 years apart all right. and um we made 130 for like a year. probably 130 140 a year for the last. like 5 years it's not answering my.

question how why are we in credit card. debt when I took this job we had just. taken a vacation to um California for. like a month long what two years ago a. monthong vacation that's a long vacation. we spent like $20,000 a vacation yeah I. know it was it was you guys actually. like you're like multi-millionaire. $20,000 on vacation I couldn't even. imagine $20,000 on a vacation could. hardly imagine $2,000 on a vacation. doing how do you spend $20,000 on a. vacation what do you do 20,000 it's. whenever you take your family with you. and what family family everyone everyone.

in the world the whole. extended uh we took our my my brother. and also his brother and then we took my. son is he not a big boy he can't pay for. himself he wasn't working at the time. yeah he was maybe he doesn't get to go. on a vacation then probably would have. been a smart decision um and then are. you saying all the credit card debt I. have is because you went on a stupid. vacation no no okay then why happened. why do we have debt so when we got back. I accepted this job and I got nervous. that I was what my income was going to. look like cuz I at first I was supposed. to take a pay cut hourly but I actually. never did but I can't I used to be able.

to increase my income by working extra. shifts I could pick up a shift and. make your income is good I am asking. guys I will try to get back to this I. will try to get back to this it's not. about how oh but well we can't make. $200,000 that's debt why do we have. credit card debt living in Fort Worth. Texas earning over six figures as a. household over the median household. income in Fort Worth Texas so why what. am I looking at here what is happening. we uh made minimum payments and said.

statement balance like I normally did. cuz I just got nervous and then nervous. nervous about what just about how much I. was going to make nervous about not. having to pay interest no yeah exactly I. should have I did everything wrong and I. knew what I was doing was wrong and then. we didn't change our habits like we were. living that inflated lifestyle and we. didn't change the amount of money we. spend okay so it's and so and he didn't. really work in 2023 he made like 20. grand so didn't no offense to Mr dude. it's not the biggest contribution to the. household I don't think that's the big.

problem even just on you alone you make. over the median household income yeah I. know United States Fort Worth it it's we. just didn't change our habits we didn't. change our lifestyle and gosh I want to. see these habits then we really lean out. on the habits and the spending so. obviously they must be Beyond rendus. cool so how much came in do we think how. much came in what do we think we bring. anywhere from 11,000 to 13,000 based on. 10,900 hit the account and some of it. was a Ticket Master refund so what are. we talking about um so only about. $10,000 hours would have hit with a.

mobile deposit and. payroll there's yeah we got paid again. the day after I sent those but yeah we. it's it well these are a monthly. statement though should be about 10,000. a month if I'm making my minimum 4,000. you're making about 6,000 some of my. income goes into a different account to. pay for taxes cuz he's I not have the. account no you have that account so it. would be account it's just it comes out. it doesn't go into that account at all. we would have it accounted for this is. across all your accounts this is my. magical little spreadsheets that have. all accounts B to one yeah I make 29 um.

in my Regions account it's 29 bi-weekly. and he brings home about a, weekly and. then the other account I deposit 350 in. it every bi-weekly you know that's that. adds up to 10,000 right am I doing that. math wrong no I might be fine what 3,000. twice and then a. th000 four times it's and then the 700. that goes into the Sofi savings I'm yeah. but from what from what we already made.

or no like I have it I have I have it. direct deposited separately so that way. they don't ever okay I'm going to say. 10,500 hits the account yeah that's fine. okay cool how much was spent uh we we I. think spent. 10,500 maybe 10,600 what do you think uh. 11,000 closer. $1,184 when again just a reminder 10,000. came in you you know take into account.

the. refund. yeah. why why are we spending $1,000 and $100. more than we bring in. why cuz where do it going do we know. well we did make extra payments on some. things but um I also know that we did. not we ate out a few times that we. shouldn't have as well a few times a few. times. would more than.

a few times would lead to uh spending. $1,150 more than we make on a monthly. basis do we know the issue I mean I do. we have any insights into our own. finances do we sit down do we talk do we. understand do we know what the household. looks like who looks at the finances do. we both look at the finances do we talk. about the finances what does this look. like what does the household look like. financially until recently it was me but. we've been doing it together um since. about April May okay yeah yeah I but you.

both gave me wrong numbers he was closer. we look at them together did we look at. them we had we had wrong numbers we. sometimes look at them she looks at them. more often and I look at the month like. from the 1st to the 30th usually is so. like I'll I add I add what we spend on a. spreadsheet so I I when I was printing. those out like I don't know which days. it stopped and started on so there. statement bounds this is is a full month. yeah how do you guys budget if if at all.

do you guys budget if at. all we definitely you said you look at a. spreadsheet we spend a lot of money on. groceries that we shouldn't spend like. our grocery budget is out of control why. I don't know it's my favorite question I. don't know I even started going HB. instead of Costco just to make sure I. wasn't spending money on things that. weren't groceries but I had $382 on. groceries um that's not though actually. for what it's worth we have unknown.

shopping category unknown shopping. category can be Target can be Walmart. can be Amazon usoc sh there no where do. you grocery shop from uh Costco and HB. and then there's like three things we. buy on Amazon for okay we do have. separate Costco we put that uh in a. separate category just to be safe. because you never know you could walk in. there and get a piece of furniture we. don't do that H it's a little different. yeah why are we buying so much food okay. yeah we got two kids one's in the. teenage Fades eat everything in the. world Okay so. what are we trying to do yeah yeah we.

kind of just Wing our groceries and try. to do our. best groceries have been a big issue. okay can you guys just tell me how does. it actually look when you guys sit down. and go over your finances you guys go. down do you guys go over every purchase. what we spend in each category MH you do. then why do we have a different number. in terms of what you guys are spending. why do you guys not know that you guys. are spending more than you come in I'm. confused that's not possible I think. because you went to a a concert this. last month and yeah well then you would.

have known that you would have said that. because you go over to the finances. together yeah I know and I the concert. was. $1,150 okay the concert itself was free. it was the things that went into going. to go to a concert for the concert uhhuh. the concert was free I was on the guest. the cost of everything else oh for the. concert I got my daughter a t-shirt. there for $45 I don't think that led us. to 1,5 okay go ahead what else and then. um we had parking and then charges for. like the gas like not gas but the.

electric charges to get there and then. um I spent like $30 on Target and then. we did go get our ma is not ma yeah I'm. I'm not sure why the math is not ma we. paid $1,000 on our credit card this last. month though so I think that might be. doesn't matter if you go ahead and. purchase more true we still had your. spending also that doesn't go towards. spending does it Jake a payment on a. credit card if there's no other. transaction if there's no other. transactions.

so we do the mathematical offset of. charges versus putting on a card I. thought we would be slightly in the. positive yeah I thought we were too but. I also like I don't yeah I thought we. were in the POS because we got those. refunds from Ticket Master yeah all. right I want to know self assessed where. do you guys think your household is I'm. going to go 3 two 1 go on go I want a. score 0 to 10 Z being the absolute worst. finances possible 10 being the absolute. best finances possible where do we think.

we are as a household 3 2 1 three two. okay you didn't say it at the same time. didn't follow instructions but it's okay. um you think you're a little below. average you think you're a little lower. okay if you guys want your Hammer. Financial score it is free Link in the. description below and if you want to. come on the show go to Caleb hammer.com. apply we' be happy to have you on couple. and single anyone and everyone let's go. ahead and give us a nice little nice. little thing all right nice all right.

we're going to start with the financial. aut classic because apparently. uh what the why are we not paying taxes. why does no one pay taxes I'm so. confused this I don't get it I will. never understand it why why is 20123. 2022 is good and then 2021 so 2021 um. was actually only 5,000 there's some. fees from like not from interest right. what happens that's the year that they. were I made a lot of money and put us. over a tax bracket and I hadn't adjusted.

the amount I claimed and I didn't I just. made a payment plan cuz I wasn't being. smart what I just did a payment plan. instead of paying it off why I don't. know I should have paid it off it's not. an answer I don't know why why'd you. choose it cuz I know that an answer we. are not going to get places in21 I don't. I have I think I was you know I'm the. only one working2 taxes you did this in. 2022 so as many of you know I've been a. big supporter of course careers for a. long time I'm not a partner I actually.

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cyber security job at Disney that didn't. happen by chance he put in the work in. course careers guided him every step of. the way and what truly sets course. careers apart is that it's not just. about learning skills about Landing a. job their curriculum is designed based. on what employers actually need and. their network of Industry coaches will. guide you through the entire process. from learning the skills to interviewing. resume help and Beyond so if you're. serious about starting a new career. without wasting years or pil clean up. debt give course careers a try start.

with their free intro course Linked In. the description to explore your options. and when you're ready use the link in. the description for $50 off the full. course your future starts right now and. course careers is here to help you shape. it so in 2022 we didn't know any taxes. and then in 202 in the year 2022 would. have been for 2021 taxes yes so this. would have happened in year. 2022 you don't pay 2021s taxes in 2021. unless you're paying quarterly or. something no you don't no um I just said. the payment plan cuz I didn't what's.

your monthly payment um it's like 1998. is what we that's horrendous it's going. to take forever mhm what's is there. interest on it I when I called them they. said it was going to be below 8% but. probably. 7.9 yeah that's below eight I guess so. you're not really keeping up with the. stock market if it's averaging like 8% a. year up years and down years. combined so why wouldn't we just pay. that because then we want to be able to. retire at some point as well you're just. losing out mhm.

okay then what happened in 2023 cuz if I. remember right at the beginning of the. conversation you said I put money aside. for taxes so that I can pay for his. taxes because it's in 2023 so we did our. taxes last year yeah we did our taxes in. March of this year and um he is a 1099. employee sure and he didn't we didn't. put anything back taxes and did you not. get the forms from your employers. necessary well the people that hired you. contractually uh I got the the 1099 form. yeah you what was necessary mhm even. more so in 2023 we couldn't even do our.

taxes and had to do an extension because. I didn't they didn't give okay an. extension give us is $199 until like. June it kept getting lost in the mail. and so we didn't even okay but why do we. owe so we owe because we didn't save for. his taxes and um why that's different. you already knew taxes were coming I. know. you so we also were paying child care. and he wasn't making enough and we were. I don't give a sh you knew that taxes. were coming and you guys can afford. Child Care by the way yeah he we weren't.

being smart with our finances that's not. an answer I don't we did not save we. weren't communicating with finances. either we didn't sit down with each. other like I was still handling it by. myself but then we did not in 2023 it. was still all me and at one point I was. done I was like here I need you to take. over this cuz I can't make my income any. more than it is and I need you to see. where we're at cuz we're not making. enough money to pay off the debt not. even close to being able to be prepared. for retirement especially you you're.

like a I mean you're a decade away from. being able to take it out uh two decades. away from being able to take it out uh. without any penalties and you're uh. three decades out essentially we're not. even close to being able to take. advantage of any kind of retirement. which means that your kids your kids. they're going to feel morally. responsible to take care of you when. they see Mommy and Daddy not being able. to pay bills because Mommy and Daddy do. not have money and who knows what Social. Security will look like at that point. and my mom is a financial advis so I. well why not why not ask her frustated.

but dides she not know you do you not. talk to Mom financial adviser mom so she. doesn't give advice to family members. she's retired from that but also that's. fair enough I. guess would just be disappointed she she. might not give like here buy this stock. buy this stock but she would probably. tell you like hey maybe don't have this. debt right yeah she would she be willing. to do that yeah know we've talked a. little bit last time I saw her I did. tell her like we have like a lot of. credit card debt that we're working on. getting out of but she IRS would be so.

oh and she doesn't know if she doesn't. know about the IRS why wouldn't she lean. on her knowledge I don't get it I guess. she doesn't want to give like full. investment advice and stuff like that. but what's wrong with leaning on. knowledge I don't know I just I didn't. want to disappoint my mom okay well you. are exactly I know a lot of stuff that. you say like I'm like yeah my mom would. say that too but it's different I guess. but you're making it worse I know you. two years of taxes dude yeah I would. like to get get them paid off this year. if we can like that's my one of my goals.

is to have them paid off before the end. of 25 are we in alignment I know you. guys look at money are we in alignment. with the spending of the household where. money is going paying off debt. retirement maybe we know what happens in. the past month obviously not because you. guys gave wrong answers but okay we. pretend we. do do you guys are you guys lying on. goals and understanding of what we want. to do I think so I think so yes it's. rare for a couple on the show tell me. what those goals are we want to get out.

of all of our bad debt so all the credit. cards the taxes in the car and then we. want to start I want to start saing. saving an emergency fund my 401k to. emergency fund investing more into our. retirement like we want all those things. together we just want to make sure we. can get there like we because we want to. do other things eventually one day like. we want to be able to take our kids to. on trips we can't do that if we are in. debt no because we chose not to pay. taxes cuz I bet you could pay taxes for.

last year if throughout this year you. weren't just spending all your money on. bullsh hey I bet the 2021 taxes that we. would have had to pay in 22 22 we could. have paid if we didn't take a $20,000. vacation probably and I probably had. that money that's probably why that's. probably exactly why I didn't pay them. because I knew we were going on that. trip in June because we did it in April. that that tracks so yeah yeah I just I. don't know like I I kept thinking like I. can work more and pay this off so let's.

just do a payment plan and that's what. I've always done are you saying 2023 is. on a payment plan so 2021 is on yeah. they're both on payment what's the. minimum payment for so together it's 198. for both of them 198 for both that's. going to take eternity and then there's. then there's 9% interest on them. 888 yeah that's going to take. forever oh just wait there's more oh I. know there's more but I'm talking about. the taxes yeah yeah I don't know if like. I I feel like we're kind of wanting to.

prioritize the high interest credit. cards while keeping the IRS the sad part. of 2021 is that we have the. money I know but if something goes wrong. and you can you don't have an emergency. fund they're going to garnish wages like. things get quick yeah they have a lot. more power so there's a little more risk. added even if the interest rate is lower. yeah so we H and when we did taxes in. 2022 like I could have paid our taxes. that I had the money in our account in. 2023 we have were already like a sinking. Shi. when that when we did our taxes for 2023.

like this was in and we hadn't saved the. year before and I felt like we were. drowning um and that's kind of like our. Rock Bottom when we did taxes in March. of this year that was like our rock. bottom but I'm was still concerned about. the retirement what is retirement like. looks like how have you been doing. retirement when you started working and. everything I haven't yet he had this. great. idea okay what were you doing on Robin. Hood um when he started when when he. started working in.

2023 a year ago okay he well he put his. money he opened up his own account. separate from mine and then cuz this was. money that he was supposed to be making. to make up for what I lost when by not. being able to work that one extra day a. week and so he put his money in a. separate account and then he would put. most of it in Robin Hood and then pay. his mom for child care and then by the. time he was done with that there was. nothing yes what are you paying your mom. for to take care of the kid we used to. not anymore now she's in how much oh Bo.

so the paycheck would come in and how. would you just most of it would go into. Robin Hood oh he he would he would buy. groceries because he wouldn't put it in. our main account and then he would pay. his mom and then he would do Robin Hood. and it was really how much would go into. Robin Hood uh it was just sporadic um. over the course of a year I might have. put in. 5,000 um or more you made 20,000 she. seems to disagree 20 25% of his income. went to that and then the other like. what would you what were you doing in. Robin Hood does this exist no it's I.

don't have a. stat what happened oh he lost money why. what were you doing I was just slowly. investing it and then one day I lost all. my discipline and pulled it all. out um of the stocks and crypto I was in. i p ask him what he had invested in what. did you have that's what I'm trying to. understand what what was in this account. it doesn't even matter what I was. invested in I pulled it all out and I. started with options made some money and.

then blew it all up oh for sake yeah I. called my mom and she's like that's. basically gambling I'm like I. know so that was probably March this. year and he wasn't working consist Mar. this year this was just now we pulled it. out in March and like done with it in. March well how much were you able to. pull out nothing CU it was like what I. meant like I sold all the the assets and. with the cash in the account I started. buying options. and doing that then when how you do well.

I started with 5,000 got up to 7,000 and. then lost the 7,000 M like it came out. with nothing what is wrong with low and. slow and just getting to a point where. our family is able to live why do you. want to get all fancy Dancy with some. options yeah I don't know um we're kind. of doing the low and slow with her. account yeah this happened this year so. that brings me concern if this was 5. years ago I'd be like okay we moved. Beyond I have no confidence that you're. not going to back to that why'd you do. it and why'd you stop well because you.

lost all your money why'd you do it yeah. how about that I I wanted a a quicker. way to pay down some credit card debt it. don't work like that buddy yeah quick. fast usually not the way shortcuts I. mean specifically yeah that doesn't get. us there that gets us to where we lose. $5,000 mhm and so you only make 20 and. you've lost five and then you've paid. your mom I was paying my mom too much at. the time MH too much mhm what what do.

you mean what am I talking about what. are we hearing was probably a regular um. Child Care amount that you would pay. someone is it what she requested no it's. just I kind of offer why for why I mean. there's nothing wrong with that as like. a concept of okay I have a good heart. and you know maybe this is what I'm. valuing at but you're got debt and if. she wasn't asking for it then what are. we doing I mean I brought it up a few. times and I'm like hey like your brother. needs to pay rent he lived with us at. the time too and he didn't pay rent like. your brother needs to pay rent and we. need to ask your mom to babysit for free.

you talk for him a lot I know I'm sorry. I didn't mean to I'm used to you feel do. you feel like she just like talks for. you cuz I I want to hear your thoughts. on it but I feel like she just answers. for you I mean yeah she does give me. your thoughts I want to hear your answer. on this uh sorry what was the question. see okay okay all right yeah so she. didn't have a job or she hasn't had a. job in a while and so I I felt like I. wanted to give her a little bit of. income. I was starting to make money.

myself and I don't know I just wasn't I. didn't get the full scope of how bad of. our debt was you can I tell him what you. told me that one time sure I I well no. no no let mute Abraham Lincoln say. it oh. um yeah she she uh was saying about how. I I told her we need to stop being so. stingy with our money or something.

selfish word for word I was like I. brought it up that we needed to like. because reevaluate like how supporting. family M my family members more I was. like you don't understand like we're in. debt like bad like I need you to put. your money toward our main finances this. was like end of 2023 what are you saying. what get to it I'm sorry what what what. was said he told me he like I need to. stop being selfish with our. money because I wanted him to charge his.

brother for living with us and stop. paying his mom as much as he was paying. he doesn't love with us anymore but he. lived with us for a year for. free okay um all right sure sorry just I. don't I don't it's weird it's weird it's. weird you're a little are you're a. little domineering aren't you I don't. mean to be I am controlling though I try. not to be controlling I I really do well. I feel like that usually impacts. decisions around a household if we have.

one that's a bit. controlling yeah probably this is huge. for financial audit for a year now my. team and I have worked with experts to. create what I truly believe are the. three best educational programs in the. financial space online we have our. budgeting program where I teach you how. to create manage and revolutionize your. budget and control your money and then. there's the investing program where I. teach you to Define what investing. profile applies to you and and your life. and then teach what specific investing.

strategies applies to you in that. situation and now finally we have our. debt program where I teach you the best. ways to pay off debt manage debt and. even take advantage of good debt this. has been a revolutionary project that. we've been working on for over a year. now and just like over 10,000 people. who've already taken our educational. programs you can now take advantage of. all three of them bundled together at a. 25% discount I've heard from thousands. of people now who've taken these classes.

and they've literally changed their. lives for the better and finally you can. too at a more affordable price head to. Caleb hammer.com or click the link in. the description below you will not. regret this but you're fully aligned you. agree with everything like controlling. mother chooses for the. home yeah I mean there was a long time. there where I wasn't working Co hit I. didn't have a job for 2 years I was. staying at home and. she she she was making all the money but.

she was also making a lot of big. purchases and I would try to reel that. back in but I felt like I didn't like I. wasn't bringing in the money so I was. was having a hard. time getting to the end of the. [Music]. sentence just okay guys I'm gonna move. forward all right okay yes there's your. IRS St payment yes. okay we have credit cards oh good credit.

cards are transactions so this one we. pay off every month it's just we does. look like we keep our subscriptions on. there um why do we have paid. subscriptions if we literally owe money. to the IRS and we have no money to. retire what the are we doing so we have. Spotify and good and listen ads use this. platform we're on and then we have. Netflix for the kids good use this. platform that we're on it's free same. with Disney plus use this platform lots. of Disney Clips on here oh yeah. Farm they're also kids they're dumb they. don't know things they're just well the.

14-year-old I mean but he's probably. watching YouTube and yeah he only. watches YouTube but the yeah exactly he. he has taste younger one like she is. like I had to put a PIN number on Amazon. Prime because she will things you'll see. return yeah you'll well it's on her TV. but you'll see Returns on on her thing. from Prime cuz I have to like call them. like hey I didn't the smart. damn sounds like an investment to not. spend money she buys like Guitar Center.

cancel interviews it's hilarious but you. you set up a pin I have a p number set. up she can't do anymore but she was. buying Guitar Center over and over again. because she likes to watch the Papa. Roach interviews it's her favorite. band I'm dead. serious cancel these. subscriptions cancel these subscriptions. there is a beautiful free platform right. here and the four-year-old doesn't know. what the going on the the. world she'll be fine she'll bit she'll.

whine and we'll trap her in a. closet okay now Amazon um her favorite. thing so I think those are just shots of. food yeah those are the things we buy in. Amazon that are groceries uhhuh got cat. food crave grain more C food so he Death. Wish coffee yeah so that's every. yeah it's really good it's every other. month subscription for a 5B bag okay.

great all right City Advantage platinum. card now this is a thick boy yeah yeah. what is going on here is this the. American Airlines or the Costco American. Airlines okay this one is uh I don't. like this card it charges me $99 a year. I like to have why is this here guys. come on I'd like to have it closed. before close it then before well I have. a you mean pay off the balance yeah I. want to pay the I don't want close it. cuz they charge you $99 to have the card.

um yeah so close it yeah can you close. it when you ow still yeah I will get it. closed um still have to pay off the. balance doesn't go away yeah I know I. just I thought we had to have it paid. off before we could close it typically. not but. maybe okay so we we open this why is. this here guys we had it a long time ago. when we were like we have family all. over the country and we used to use the. flight miles we haven't used them in. over a year that cards worthless to us. like Haven used it in a number of years. it's $1,000 from being maxed out what.

the are you talking about like I mean no. I meant the flight miles we haven't used. those in over why is the balance so high. guys I don't care about the FL I don't. care about this why is it where it is so. we took it was opened in 2021 so a long. time ago I don't think you know what. that phrase means truth um there's a. $5,000 loan that we got on it cuz when I. wrecked my car and we had to loan like a. separate yeah so it's separately. interest it's like 12% which is still. super. yeah um so this sucks uh we did you.

don't know what you're talking about. there's a it's like a $5,000 like. separate interest like it's like a pay. for plan yeah yeah yeah yeah it's a 27.7. 4% interest well no I'm sorry the $2,000. one it was originally 5,000 it's down to. 2,000 now um there's two separate ones. so it's it's A2000 yeah that one um that. was originally months yeah it was. originally 5,000 clex mhm loan right. until paid in full hold.

on. um okay charge the plan for $25 interest. charge on purchases. $129 and charge to standard purchase was. $1.37 okay so interest charging across. the board like crazy again we're at $812. with a $368 minimum payment not. insignificant luckily you guys make. money well in our take7 years to pay off. the minimum monthy payments the way you. guys are doing it congratulations you're.

going to be approaching 60 by the time. this is paid off so we um we're always. so close to the credit limit they've. decreased it since then which is fair I. would like to close it um but the $5,000. was so we could pay our taxes and title. on our car when we wrecked it and had to. get a new car and I should have I didn't. you don't have Gap oh I did have Gap and. I put my money toward my down payment. and then I forgot that I was going to. need to pay the taxes entitle separately. don't roll it into the loan and so that.

was right when I well you did roll it. into the loan you took out a 12% loan I. know which is higher than your car. interest rate loan yes so it would have. been better to put it in your car loan. technically they just didn't put it in. your car loan back then for that they. wouldn't allow. it wrecking my car was a big setback cuz. when was that I wrecked it in August of. 22 the month I took my new job I told. this was just two years ago yeah so it. was a setback because we had a really.

great interest rate and a great payment. and a great purchase price on my car and. then now we have the same car for and. our insurance went up a lot and we have. the same car with a higher interest rate. and a higher payment because everything. the price of everything went up like. even like I got my money's I got what I. owed and then some back on that car and. we put what we got back on my car as a. down payment just to get it down close. to what we paid on the first one all. right all right we'll get we'll get to.

the car we'll get to the car Wells Fargo. $1,645 that's the. car that's the minimum monthly yeah. that's an insane minimum monthly what. possible car is this it's a Tesla Tesla. Model what why performance for ,000 a. month Tesla Model why that's like a. model X Type pay payment 1100 it was um. it used to be 7 like 64 and we had a. 2.4% APR and then when I totaled it guys.

the interest rates for these cars right. now are 0% I know it makes me sick it. literally makes me sick cuz when we. bought it the price of the model y went. up and then I had to get a performance. to get it quicker and why do you need it. quicker what are you talking about it. already goes quick well back then like I. waited eight months for my first model y. like I was on the waiting list get. another car yeah that's what I should. have done but I was I didn't want to go. backwards you ever feel like you're just. burning money on car insurance that used. to be me every single month throwing.

cash out the window for a plan I didn't. even understand listen if you haven't. compared your car insurance rates in a. while you're possibly getting played I'm. talking about paying way more than you. need to luckily money.com has got you. covered by helping you compare multiple. car insurance options all in one place. so you don't have to waste your time. calling 15 companies like it's 1995 you. might take a look and find out you've. been overpaying by hundreds of dollars. hundred hundreds it can take just. minutes to find a better rate they'll.

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gas car was horrible and I no it sucks. people don't really and all the all the. car prices were going up and at that. time also I don't give could you afford. this does it really make sense you're. paying $1,000 a month it was the same. month I took my new job and I could. afford my other car and it was the same. month I took my new job 50 less a month. with a lower interest rate yeah and also. my insurance was 180 before and now it's. 360 cuz I had a car accident and I told. my my Tesla what what was the accident. what happened so I was getting off on an.

exit that had construction so it was a. makeshift exit and both the barriers. were on the white lines so my car didn't. even tell me that I was close cuz it. wasn't registering was on the white. lines I just clipped the right side of. my car when I was exiting that total it. it like tore off the whole front tire. why aren't you looking why do you need. the car to tell you no no no just you. know how Tesla has those warning signs. they'll beep at you if you get close to. the white line I was just too close to. the side it's just it was really narrow. they had both concrete barriers on both. lines I get that part why' you hit it it.

was I accident I'm a shitty driver then. you shouldn't be driving glancing at. that big nice screen no right no it was. like 6:00 in the morning and it was my. very first trauma meeting that I was. hosting and I was nervous you shouldn't. be driving if you can't do that I'm. confused there's a lot of people out. there who know me who will not disagree. with you that maybe I shouldn't be. driving cuz I am a horrible driver no. this is like an actual societal thing no. I can I can drive but I I clipped I. clipped the right end the the right. front end of it and that's what total.

dicks it ripped off the tire ripped off. the tire like I C total I clipped the. front of the car and it just pulled the. tire off I honestly does mean I mean. anyway it was total insurance completely. paid it off completely paid it off and. we had and then we had extra and then. you worse no and then he was like we. should just buy a cash card I'm like no. yeah maybe let's let him. talk what why what is your thoughts on. this buddy didn't want to get a Tesla in. the first place I wanted to keep our.

paid off Equinox sounds great she traded. it in got a Tesla that was the first. Tesla cool wait why why why why uh you. guys were in a disagreement with this. why' you lose cuz I don't know she was. able she was able to convince me that it. was a good idea to get the original. Tesla how much did you Yap at him for. this. convincing not that much are you sure no. I it Mama makes the money Mama gets to. spend the money I've always loved my job.

and I did not love my job at the time. and so driving to work was literally a. nightmare cuz I worked in the ER as was. ER nurse during Co and Co was still very. big I know I know but I wanted to enjoy. my drive to work and I've never not had. a car payment I've always had car. payments my whole life so we're going to. enjoy our drive to work because we get a. car payment no like I was about to pay. my Equinox off I knew I could afford it. and so I'm like if I'm the one driving. to work I'm the one making the money. like I would like to enjoy my drive to. work. the entire household okay okay okay yep.

yep that's great he didn't want it I did. it was me and then why'd you win though. why did you get the win why did you get. the win the I get the the house award I. don't know cuz we also know that the. price of these cars have gone down I. know so much oh yeah we bought it the. the the worst they aren really going. down anymore but they they increased. their ability to produce these more. effectively they pushed out output there. was more Supply it was you know it is. the best car I've ever owned I will say. that X is better but I could see that I.

like no like joking I just I I don't. know like I at the time like I really. just we had already talked about getting. a Tesla he says he didn't want one but. we I don't care what I was just trying. to say is that it's worth $29,000 but. you owe $45,000 on it I know that's we. looked at that cuz we. were okay. so oh she's thirsty all the spending. makes her. thirsty okay I'd be thirsty if I got. could my mom used to tell me this thing. that I'm broke cuz I want to be yeah I.

mean you wanted the Tesla mhm she's like. you're broke cuz you nothing wrong with. getting a Tesla or a car and you guys. honestly probably could you guys are in. a financial position where you could. have had you could purchase a model Y in. cash today. yeah I used to live by this I don't see. life like I feel like a car payment is. just part of life and recently I've come. to learn you guys didn't have a car. payment what the you talking about we. still did I paid it so what did about to. be fully paid off it had like two years. left and so what I did is I increased.

what are you guys talking about cuz I he. told me there was a paid off car it it. wasn't paid off it was a year it was. within a year I increased our car. payment to $900 a month for a year. months insane what is the term on this. um it's I don't know I think it's the. fiveyear one I but 7% not great no so my. Equinox I increased our car payment up. to $900 and paid more on it so to see if. I could get if if if that was something.

I could afford I knew that the Tesla was. going to be expensive and I did that. could you afford it if you cut back on. everything sure does it still make math. does is it good for the household no not. necessarily so that I mean there's. different conversations makes everything. harder and and then you accidentally. bought $100 for autopilot that one time. couple times Yeah couple times what how. do you do that accidentally a couple. times what what are you talking about I. do the full self driving are you talking. about that that one that's full self-. driving I did that in July for a month.

how do you do how do you accidentally. and in May it it wasn't an accident I. did autopilot I'm this conversation is. irritating me this conversation is. starting to irritate me Sake City double. cash are these. all who what who's who's but are they. both yours are they each other what who. City double cash what who so he opened. that one yeah I open okay tell me about. it cuz you're basically. well couple thousand from Max yeah so I.

opened about four I opened four balance. transfer cards a couple months ago oh. transferred balances off of okay and. what is that helping other than interest. because you guys aren't changing. Behavior not for a single second you. guys just get you're going to make your. debt worse every time everyone does this. in your guys' situation they balance. transfer then the card that no longer. has a balance they build all the way. back up again you realize this right. Happ hoping that's hoping doesn't get us. there hoping doesn't get us to not spend. money hoping is not a strategy what the.

are we talking about we want to get a. wake up call so we can get our life. together I'm not a magic pill I can help. you understand your debt get a budget. connect you with resources absolutely. like for example I mean we're going to. put you through the debt class the. budgeting class the investing class. which are by the way all bundled for 25%. off right now you guys get to go through. all that and you should together go. through all the quizzes go through all. the Ed education you get that yeah when. unless you guys put in the action out of. it. matters you know I go to school I do all. these things if I go to like a music. class none of it matters if I don't go.

home and practice okay so this is a. balance transfer it already had 2,000 on. it and then no they're both it just. multiple balance transfers okay minimum. three payment 69 bucks it's why it's. maxed out is 0% just so we can yeah he. there's like four balance transfer cards. I think in there total expires. and there's one that expires in like 12. months and the rest are 15 to 18 months. yeah this looks closer to that 1518 and. doing that balance transfer fees of.

course my credit score from 730 to 600. why would you want to. do yeah know yeah because it was the. utilization rate. yeah you guys are not credit card people. you don't even. know F card F cards geared more towards. college students it's a debit card that. helps build credit and I recommend that. to every guess and you guys kind of can. but the rewards are geared more towards. college students so I I don't know but. you need to use you cannot use credit. cards then close the accounts so you.

don't have access to them you want to. Hope okay close the account so you can't. spend money on it all my cards back lock. not do anything you can unlock them. close them your credit scores already I. haven't unlocked them since January but. I did January but I could yes and I you. go out and accidentally buy full self. driving for a month so I don't I've. closed sounds so bad I've closed a few. like some of the cards that we. transferred on to here I've closed those. like we had a Target card I closed that. one like it was that that was one of the.

transfers to one of these cards cool so. you know how to do it then do it for all. of them why not why haven't you I just I. had to pay them off to close them so I. will get them closed cuz I don't I agree. with you I'm not a credit card person. obviously if I got myself into this kind. of mess okay we got. Costco yeah that one's bad we're Costco. guys this one's so bad I don't even know. I'm going to give this we were still. using this one for a while and we were. making this credit card is a doom yeah.

we used to spend a lot of money on. groceries at Costco and I'm like I don't. think Costco is good for us I think we. cuz a lot of the food get is insane it. is insane is is it even in like what is. happening so actually it used to be much. higher it used to be 20 something. thousand like we stopped using it and. started like we're trying to that that's. our Focus right now is that card but. yeah that that one was okay $291 of. interest is uring $471 minimum through. payment balance of8 $148 guys mhm it's. crazy insane stupid stupid all in Costco.

spending yep well no you can buy that. you can use that card anywhere no I'm. asking you guys no no I mean mostly we. would spend like $800 every time I go to. Costco on grocer often would you go to. Costco we would go like twice a month. I'm telling you our grocery bill was out. of why I don't understand why what are. you guys getting and using and we use. that card a lot when that didn't answer. my question yeah we just I don't know. you just dodged that I did um what are. you guys getting I I kind of used to buy.

wine there which was bad we don't do. that anymore I don't buy wine there. anymore how much of a wine drunk are you. that's a lot of wine how think we spent. $20,000 in. Califoria a winery oh for sake you why. why are you living a millionaire life. and you guys have $40,000 in retirement. and more than that in debt yeah that's a. good question that's a pretty darn good. one yeah I wish there was a good answer. well 25 years to pay off if we only do.

our minimum monthly. payments interest this year so far on. just this card. $3,200 of course if we add them all up. to probably five six $7,000 at interest. this year so far absolutely crazy. Insanity that's bad and we added our. interest up for like a month one time. when it is monthly and it's insane it's. like a car payment oh my gosh guys it. just keeps going okay who's Discover It. tis. what that's is that one of the balance.

transfers oh my gosh okay so you're the. balance transfer King mhm that's your. thing. 10, $287. 37 the $26 minimum payment you're only. doing the. minimums. okay 0% until February of a year from. this upcoming February so we have some. time there. but still that's such a huge balance. that that time.

is like if we followed snowballer. Avalanche method either way it's just. like do we get to it by the time the. interest free period runs I don't know. okay that's that's gap rewards so I I. use that when I buy my kids their. clothes and I have it set to pay. statement balances I don't make I pay. but do you trust yourself I don't trust. you to have a credit card I. don't especially since you've paid. interest on this card this year so far. so obviously do not pay it off in time. all the time yeah I that's true I I.

switched it to statement balance early. this year but um well not have been. early enough cuz when I first like I. first have them all. Ates yeah so I had it linked to autopay. off my debit card and my debit card. expired and I didn't realize it was not. Auto paying that card and I had to call. them I think they reversed it but that's. what that view was says PayPal paid off. every time too looks pretty close uh is. that the Master Card PayPal yeah it's. what it's linked to my our like I don't.

know you tell me our Steam account yeah. what what do you guys steaming we're. Gamers we like to play video games you. okay great play the games you already. have so my son will buy like expansions. whenever he does chores around the house. like that's what he wants to SP hello. son mom and dad are never going to be. able to I told him that I literally I'm. like dude you're going to get you tell. him no he's a 14 old yeah he so those. were his purchases but he didn't give me. cash he had cash from Christmas oh okay. well that part as as you put a rate. towards it you got Steam games and.

Microsoft then Microsoft then Microsoft. then blizzard and then dominoes. blizzards was that Domino's is not. gaming blizzard would be me Domino's is. not gaming but it was related to. Blizzard because we were playing Diablo. and the new expansion came out go don't. have money you just don't have money. play what you already have we have we. have Diablo I didn't I'm sure you guys. have a vast Library play it for a couple. years you're going to be working to get. out of debt quicker so even like yeah. like I only play when new seasons and.

expansions come out and I own it and I. don't have to pay for anything I think. you had to buy some coins to have I. don't I don't get guys stop I don't need. a just like it's not a life story I'm. sorry it's just. like you don't have money don't spend it. but that's why we went to Domino's cuz. cuz we didn't have money mom didn't want. to cook that day cuz I wanted to play. video. games yeah are you a child I that. weekend my my 14-year-old called me a. child cuz he was like dude you don't I'm.

not playing video games right now like. all I want is I'm losing hope here guys. yeah it was bad if our 14-year-old has. to tell us that's not a joke that's not. funny it's not funny that's not funny at. all. guys oh good. good oh my gosh it really just it just. just keep going just keeps going. American Express Blue Cash every.

day transfer there it is that makes. sense that's falling into what we're. used to well okay we have. $1,544 on here. 75. wonderful minimum monthly 40 and that's. all we put towards it means it's going. to take four years to pay off the way. you're doing it now which means the. interest is certainly going to start. before then so I don't know did we have. a plan what was the plan I don't see. anything indicating a possible plan. within here other than that larger.

payment on that one credit card this. ends a year from. now do we have a plan keep making larger. payments on the highin credit cards okay. so Avalanche method at the right we Doom. when so far we get out of debt. in there's a pie chart here. we get out of D and um 118.

months so long bad plan guys bad plan. bad plan okay okay bad plan that's uh. too many months that's too many months. that's more months than I would like. sorry I just threw something at your. wife only you were legally allowed to do. that in the state of Texas wait he's. legally allowed to do that in the state. of Texas. Amazon syon card so this one was another.

one that had the my debit card connected. to it that expired and so I had two Mis. payments but when I went to go call them. and try to get them reversed cuz I never. had a Mis payment before set on autoplay. they offered me 0% if I closed the. account so I took it and I closed the. account and took the 0% good so good 0%. forever yes until it's play off and they. have a minimum monthly so right now. that's not our top priority zero% me too.

I was like can my other cards do this. because it all because I missed two. payments because of the yeah I've called. I called all of our credit cards after. that and none of them would even lower. our interest it takes four years to pay. off $44 yeah a. month oh is this your Tesla breakdown. mhm gosh let's. see I see full self-driving on here yeah. we didn't add it to the thing like it's. it's just. um we didn't pay extra for full soft. driving you're talking about right now.

why is it on here it's capable but it's. not we didn't pay extra for. it you got the performance brakes we got. the performance because it was still. going to be guys the other brakes aren. four or five months black oh you got the. premium interior had to get the premium. interior guys we got it exactly the way. our other one was but the model P the. model y performance instead of the model. y long range so it was is $1,000 all. right we got the performance pedals.

yeah. guys if it makes you feel we will not. buy another car until that is paid off. and we have cash to buy another car. that's it's the only option yeah but. we're not going to be able do it. seriously continue what what bothers me. though is that they you know Tesla. doesn't have offer gap insurance when. you buy your car from them you can get. insurance through other insurance. providers like. we have cuz I don't I've called don't. get Tesla insurance if that's the case.

no I have um I have State Farm and they. don't offer gap insurance okay and so if. we have an accident now we're because. our car literally is not wor it's like. you're not able to drive with a wall. next to you so that's true yes exactly. thank God that I can't drive at all no. um but if we had another car accident. like that's our only car we only have. one car so he has a work van but we know. you're dramatically water yes so like I. don't have gap insurance like I don't. know where to get gap insurance cuz I've.

called have you State Farm so. Progressive will offer it but I have to. switch all my stuff to Progressive and. since I have an accident on my record my. have you worked with a broker yeah I. have a broker and she she put it plugged. it in through all of the other places. and they couldn't she couldn't give me a. better rate than what I was getting at. State Farm R but where is she able to. get you Gap she could get me Gap my. monthly would go up cuz no like it it. wasn't the Gap that made it go up the. Gap was only like $6 a month it was. everything else because like State Farm.

even though they're charging me an extra. 150 a month cuz I had a car accident. that was a. total car accident bull I had a car I. had a car accident so it like we stayed. with State Farm CU they but they my. rates are like $150 more than they used. to be actually they're way more than. it'll show you the accident fall off. soon but it'll show you on there that um. you're getting charged like a PR $150 a. month because you've had a car accident. and it should I talked to them today on.

our way here Well Fargo says they do. they offer gap insurance so do I just. need to call them and ask them took two. seconds to Google it I didn't know. that you guys have been around the. technology of Google for a while now I. don't understand why no guest on the. show is capable of literally finding out. if something's true I didn't know that. Well Fargo off it I didn't even hear. anything you said by the way I'm sorry. my voice has drowned out your voice at. this point I was read what they were. typing to me cuz they were searching it. so that we could uh correct your thing.

so so I can call Wells Fargo and ask to. add gap insurance on do some Googles I. don't know man dude okay cool what is. this Sofi MasterCard that's a 0% that he. open is a balance transfer yeah the. fourth one why are all the balance. transfers him cuz all the credit cards. were in my name and he had nothing open. and he had a 750 credit score so he. opened he just did it I came home from. work and he's like hey I opened four. balance transfer cards without you.

knowing yes cuz we do you you led me to. believe that you communicate but now. with the Tesla and with this that is. incorrect so why would you do this. without her knowing my dude I well she. was happy I did it it was but also you. did it without her knowing a big. Financial move I mean it's yeah it's. kind of like. when why would you do it without her. knowing I feel like we we had discussed. it previously and I just screenshot.

about 0% credit cards I'm like yeah I. would never get I would never get. approved for that like right now and. that's like not an option for me and. then you did it and I D yeah. why. because he wants us out of. debt he doesn't get us out of debt you. just move the debt and then you pay. transfer Fe on top of it I know that. there's less interest but usually most.

people just build the debt back on the. card that now has zero balance I don't. care about that reason I want to know. why you did it without. talking if you saw your high yield. savings rate drop down you need to keep. listening the FED just started cutting. rates with more expected to be on the. way potentially even dropping all the. way back to zero even I got a notice. from my bank about the cut so if you see. your savings rate already drinking it's. time to take action you can lock in. today's rates with US government bonds.

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first time either what what else you. open that credit card the Capital One. credit card that you had that we had to. that we paid off with one of those. without me knowing and the checking. account the savings account when you. started working why why are you doing. all these. things uh you're a man a few words. doesn't mean you can't tell her. anything I don't know that's not an. answer guy that's not an answer. answer what' you think you came home. boom credit cards 0% transfer I just.

like this is only going to work if we. don't charge money to them so they need. to be you need to set up auto pay right. away when you what do you think about. him doing it oh I was I was a little bit. like taken back that you didn't ask me. but then also was kind of like well this. will help us if we can make big payments. on the other one so it will help it. wasn't a bad thing I actually called my. mom and told her and talked to her about. it too afterwards I was like Hey like. Nathan open up some Z % cards to. transfer debt to he's like well she's. like that's good if you don't recharge. any finances tell Mommy I guess I do.

talk to my mom a little bit I didn't she. just doesn't know how much that we have. but uh. also it wasn't a bad thing I wasn't mad. but I also was like is only going to. work if you don't use these cards and I. think there's one card where when I went. to go put in our cuz I have had logged. in to enter all of our autopay stuff and. I'm like w smoke a headset what is that. why are you using this card on not a. transfer. I did do that one time yeah you did on. that SOI card so he like has a history.

of opening up things without it being a. family decision okay which would lead me. to believe that that is not going to not. happen again in the. future it would lead you to believe that. I would I see how Le you to believe that. how do we prevent that that's not a good. thing I don't know how to not prevent it. remember the remember the plane ticket. you remember the plane ticket to New. York. so the plane ticket to New York um that. you got after we decided not that we.

weren't going to do that this summer. okay so like when we hit rock bottom in. April May like he was supposed to fly to. New York for his brother's bachelor. party and we had decided that like. that's not something we can do. financially like he needs to tell his. brother he can't go and then when he. came out of our his gaming room to tell. me that he talked to his brother it was. to tell me that he bought a plane ticket. instead what are you independent are you. not married I am. confused uh he only has one brother I.

didn't go to either one of my sisters. Bachelor at I did say that that was his. reason he has one brother no I don't I'm. not against you going I'm against the. fact that you do things without. conversation about them ever we had a. conversation the conversation was that. it's probably financially smart that we. don't do. this do do you not think you're married. I'm confused I think I'm married why do. you you act like you're not. financially does she have no say she.

have no interest or is it because she's. so domineering that you want a little. Independence I don't know could be that. I mean I I I do like to have control of. situations but I. also don't like I I do care about what. you need and want I just don't I was. hoping he would answer not you but yeah. I got some help to pay for it and so I. just did it which is not something I'm. cool with either yeah but everything. come by buddy all the I'm. sorry oh guys oh guys oh boy okay a.

Advantage whose student loan do we have. um so it's if it's one point 1% it's. mine um I think advantages me and nlet. Tim yes Advantage is small yeah what did. you do uh this is a associat degree good. good good yes that's right that is right. we have. 2,427 which your month payment it's like. 20 something and the other one say 25.

cuz it is small it's a. 1.86% I would men the monthly payment. until it's paid off who has n that that. would be me ah what do you got what' you. do do you get this you went to college. you went to trade school what did you do. I went to college and did not complete a. degree so that that loan was essentially. just to help me survive my early 20s I. guess oh you didn't even use it for like. the. school no oh dude.

okay uh monthly payment 59 bucks it's. not. crazy 5915 and then we owe $6. 6,248 and 48 and44. cents. okay interest rates we're looking at. three to four so I would minim month. payment that we pay off and then on mine. there's it's two it's broke down I don't. know why there was only one but it's. 2,000 twice what's your other minimum.

monthly payment 20 it comes out to 59. total a month or 49 mine is 59 yeah. yours is 49 mine's 39 total a month but. they're both about 2,000 like every year. when I would do my fasta or whatever. they would do a whole new loan so. they're all low interest but they're. just separated it out I've always just. pay the minimums cuz they're 1% so we. own our. home yes yes we we have what is it worth. do we know do we know yeah it's worth. like anywhere from depends on what site. you go on like 480 to 550 okay we have a.

great Equity position we only owe. $299,999 MH wonderful with a minimum the. payment of. $2,514 47 and that includes our like. taxes and insurance oh yeah all the. goodies it's your mortgage it's your. full package yeah yeah bet you at 2.5%. ADM monthy payment until it is paid off. great Equity position what did you guys. put down for it um we put down I think. we put like 15,000 down it wasn't quite.

you just Rod the market and it's been. beautiful wonderful get 15,000 from my. 401k we pulled it out when we moved when. we bought that house yes I know it. literally it was the. 401K that we did that we pulled it out. it was no it was whatever cuz I moved. back from Washington so instead of. rolling it in we just took it out and. used it to put down on our house and. then started my 401k over in 2020 I know. I did tell my mom I you're lucky it. worked out yes cuz I pulled it out and. then the market crashed it okay.

available balance 6,900 in a checking. account that's great why do we have so. much in there we try to always keep. enough in our checking account to pay. enough all of our bills the next month. you have enough. yeah we we don't like it to go yeah I. know we okay we just Starbucks. Chick-fil-A Raising Canes blizzard more. blizzard that must be you mhm Zen out 45. that's our lawn service. our lawnmower broke it was cheap Amazon. Amazon.

Costco Costco's groceries I know what. Costco is guys Ramen I don't need this. for every. purchase I don't. amk R NB event Target you never really. know Target was melee Q the children. something Express Great American Amazon. Zen out 4 5 Zen out 50 Prime video Prime. video K.

Cades Target so those are reoccurring. car transaction something. $358 that's my that's my insurance 358. oh that's my car Target Amazon Culver. Amazon. Starbucks all this what we have IRS de. mind you and we have to consol or we. have to transfer our debt cuz we can't. pay it so let's go get starb. Amazon Amazon Amazon Amazon those were. the purchases my daughter made that we.

got refunded every single one no no. there's some bigger ones I had to buy. some stuff to make a pumpkin for work. cuz we have to submit a decorated. pumpkin have to have to it's a part of. our like leadership they gave you a. budget then. no you have to spend your own money well. you you don't have to go all out on the. pumpkin like I do but it's a very. intense competition $4,000 Sofi savings. mhm that's for taxes we just start we.

started it like this year emergency to. pay for taxes for the year that yeah. $43,000 hour in a retirement fund mostly. S&P 500 actually fully S&P 500 no it's. 5050 okay you're right 35 to gofund and. then S&P 500 who is this me okay so do. you have nothing I have nothing why well. I've had some gaps in my employment. congratulations why weren't you. investing well you didn't have the gaps. I guess that's on me cuz I guess I could.

have put money into a thing for you what. why can he do it himself he's not you're. China Oh I thought no I thought you said. why he hadap I'm currently not investing. in my retirement because of all of our. bad debt but you could save money on. your taxes so he's a 1099 employee uhhuh. he could save money on his taxes I. didn't know that tax advantage. retirement accounts maybe a solo. 401K oh okay.

oh oh total income 10,500 that's what we. agreed upon at the beginning in terms of. not hitting our account but how what. what number of that is. yours uh probably. 4500 wait for income coming to our. account you make it like your minimum. that you'll make every if you work 40. hours is a th000 a week yeah cool let's. set 400 aside for taxes so I put let's.

set 800 aside for taxes yeah I put. setting seven seven probably not enough. cuz you have to do direct deposit to get. the eight in the Sofi account we. probably need to actually set aside. $1,200 a month for taxes okay 1,200 cool. so real income. then. $7,350 if you actually pay your taxes. and we know you guys don't like to but. maybe we should start doing that so. we're not always okay debt payments. let's see non-mortgage.

oh these are going to these are going to. add up oh my gosh that Tesla this is. crazy Costco. card this stuff is wild to discover it. these are huge so many cards guys what. world are we living in okay not not even. including mortgage our debt payment is. 2,500. 9469 it's insane our mortgage okay.

$2,514 7 uh 47 cents we already see by. the way that five is gone out of the 73. great what about utilities internet all. that combined uh internet's. 45 um water. is wait Electric's. 275 water is I think water right now is. 80 gas. 45 maybe okay. 45 phone bill so we um it was 205 but we.

have I've called AT&T I start looking at. my billm CU we we have so we had phones. that we turned in they gave us like guys. what is your phone bill 205 no it's 145. now cuz I removed a bunch of things off. of it if you if your phone is paying off. I'd switch to helium dude 20 bucks. for then do that same towers as T-Mobile. yes room room drive drive well we know. you don't what about yours his is. usually about uh 100 a month okay car.

insurance is 358 for both M TP fund. anything else you need to survive this. is also including just you to get. pencils or stuff for school for the kids. 200 bucks okay necessary food we could. easily do follow the meal plan in our. thing apply it to yourself tweak it to. your. needs I mean I think we're like the kids. are good for school for the rest of the. year and then um like we just got I am. calculating your food budget.

please we should be able to do a. th000 you're meal prepping a couple. times a week guys Medical Healthcare. copay anything we have really good. medical insurance we just had to pay for. that's another thing that came out of. our account recently was our daughter's. surgery it was like 350 but that's very. rare that okay but no ongoing copays. medications stuff like that $40 every 3. months for my my ADHD medicine okay wa. we have pets so we have pet insurance no. but our dog. is 10 he's a great going to be hard to.

get pet insurance well we he's on his. he's probably not going to make it past. this year what about cat so the cat is a. is a pretty young cat um I don't have. pet insurance on I get pet insurance I'm. putting 35 there because it makes it. easier once it gets to the situation of. like the Great Dane um hopefully the. Great Dane Lives Many Many I would love. I would love him to get to 12 but he's. we lost our great other Great Dane in. 2022 2022 was just a really rough year. I'm not going to lie like our other.

Great Dane died and we cost us $1,000 to. put him down and it's the absolute worst. I'm so sorry hopefully hopefully this. one just you know lives a very long safe. happy life yeah well they usually only. live like 12 years he's at 10 I would. love him to live keep going I would love. to give him two more years yeah okay 35. for the cat uh and then next time you. guys get P get pet insurance that helps. in those types of. situations okay pet food so we buy our. dog food at Costco and it's we roll it. into our grocery budget cuz it's just. food 45 bucks I think for dog food and.

then the cat stuff was already on here. we buy the canned food once a month and. then the dry foods every other month. guys pet food how much a month like 100. 100 okay thank you fine I'm sorry all. right gym no we have a gym in our house. anything else that I need to put in a. budget that I have not taken into. account we haven't had one of these in a. second for you know High income earners. but in order for you guys to. survive because of where you gotten.

yourself we actually need an. extra. uh $142 a month you guys are under so. are you factoring in the 700 that I put. into Sofi every month into that cuz I. make 3100 I bring home 3100 twice a. month sometimes three it's like so I get. 26 checks a year so I always bring home. home 6200 and he brings home I guess. yeah know you're right I'm sorry no. you're correct that that math Works cuz.

he brings home four so that's 104 and. the reminder we are setting 1,200 aside. for taxes since you're going to pay. taxes yeah I know that's true so we're. behind so I mean I can always work a PRN. job you can on the weekends but we have. a potential. solution I don't necessarily like this. you're going to if you do this you're. going to do it the exact per perfect. it's not a. good are you guys want to sell your. house I mean we would be open for it if.

it was like a way for us to be debt free. I don't necessarily want you guys to but. here's the thing we're on the like we've. talked about it like should we sell our. house and pay off all of our debt and. then rent for a little while but then. we'll never see a 2.5% APR again I know. that's the hard part that sucks one. thing I'm potentially considering it is. a movement of thatt but it potentially. helps if you close all your cards if I. don't know if you'll call. I was thinking maybe home a home equity. we've talked about that too I know but. again it's just like the balance.

transfer you still got to pay it off but. it is going to help your minimum payment. go down plus it's going to help your. interest go down the only way I'm going. to allow you to do it if it's if you. close all your credit cards and you. follow the budget it's the only way to. do it if you sell the house you will. have enough money in the equity position. if your valuation is correct to pay off. your debt and still put a down payment. down on a house your rate's going to be. closer to about 6% yeah that sucks 6% is. still historically okay and if we did. that we would probably move to a cheaper. area cuz Texas is expensive like well. you guys would move I don't know maybe.

maybe not I can make work that sounds. like more like her saying that and yeah. it is totally me saying that it's not. him his whole family here my family. doesn't live here at. all okay you guys. AR maybe we're not I don't know I. thought we were but maybe we're not. you're right or you can go get another. job but again go bring an extra ,000 net. a month and this. takes what was it 111 months to pay off. years is that. and it takes 10 years to pay off I don't. know I think you guys have gotten.

yourself into such a hole you f up so. much that we either consolidate it. through an equity thing which I only. willing to do if you guys fully follow. the budget demonstrate that you have the. behavior to do this that you. aggressively pay that off aggressively. pay that. off cuz I don't like it if you guys. still have your debt still have access. to it and then you still your spending. if you do it you're just moving you're. making it worse or sell the house I. don't necessarily if this is your guys'. dream house I don't want you to get rid. of it it's not our dream house but I. also don't know where we would live.

close to well you'll still have a chunky. down payment that's true you'll have a. chunky down payment you'll get a house. at a more expensive price it absolutely. will feel like that but listen you're. but you're wiping your debt would it be. smarter to rent until mind you your. minimum monthly debt payments outside of. your mortgage is more than your mortgage. payment and you're wiping that Yeah Yeah. by we've talked about it like we've we. weren't I don't want you to but guess. what you've put yourself in the. situation where you're almost needing to.

or you can take or you can go make more. money work more in general or get a. better job or you're going to pick up a. lot more nursing at a second nursing. place or something I don't I can do it. if you guys do that and bring an extra. $3,000 a month then we're talking about. paying all this off in like three years. but you guys have to do that for 3. years you can do that and keep the house. if you guys want to then you still need. to go to full front emergency fund then. you need to catch up in retirement. minimum 25% a month for both of you mhm. of your. pay I would shortcut this because listen.

people have a lot of emotional. attachments to homes for me a home is a. home is a home is a home I don't really. care so I'd sell it in a heartbeat but I. understand emotional attachment yeah but. you might the kids might you know. there's a whole family thing here if I. sell a home it's just me you know and my. dogs they don't care they'll pee on in. yard so this is there's more going here. but if you guys are able to and you. really don't care that might be the best. option as a shortcut you know and we. still get a substantial Equity position. in a home but we get a higher rate and. we're buying a more expensive home.

because home prices have gone up yeah. but that could be a way and it's still. even if your mortgage payment is an. extra ,000 a month you're still saving. yourself $2,594 in minimum monthly. payments on debts including IRS debt. okay yeah that one's a big one so those. are the options that's kind of how I'd. go that's what I'd personally do again. consider that as a big family thing. though CU that's a big Family Impact so. have big conversations around that if. not go bring an extra $3,000 a month I.

know you guys can combined but it's also. more work and it's also more child care. and it's also you know there's things to. think about but there are gigs are. coming up at nursing too so I can work. weekends exactly there are options but. they suck and yeah I'd personally rather. do the house but it is up to you guys. and if you do the equity you're just. moving it mind you again you're not. actually making any your progress I. don't want you to think you are but you. need to close all debt and you need to. follow the budget tightly okay the. interest rates on the home equity lines. of credit right now I've seen some six. to 7% but I don't know what you guys. would call for cuz your credit scores so.

that's why I still like the sell op our. debt to income is really high really is. and your credit age is pretty low. because you just opened up a bunch of. credit cards okay spending in a budget. you ever spent 0 out of 10 debt you have. IRS debt 0 out of 10 emergency. fund that's tax money for next year not. an emergency fund so 0 out of 10. retirement there is retirement. dramatically behind for 40 40 with the. income you make we would want to see you. at. Le more that for your income we'd.

probably want you two to three two to. three to four yeah maybe 100 okay 10. years ago no your retirement score is. really bad two out of 10 real estate. this is where it's good this is where. it's good we have a great rate this is. this is what's going to save you I mean. it's an eight out of 10 it's fantastic. it's absolutely wonderful. okay it's going to be a hammer Financial. score two out of 10 guys make sure to. join us for the Post show we're going to. try to convince her to call the mom and. see if uh she'll finally confess how bad. this whole situation is we'll bring in.

the producers we have a lot more to talk. about that the producers know cuz they. know your entire lives uh and make sure. to check out the debt investing and. budgeting course where you can really. change your life like 10 over 10,000. people have it's all bundled together. cheapest price ever 25% off I'll see you. guys in the post show please tell me. what you just told me the mic end the. mic end the mic we had an accident on. our way here on the way here yes that's. insane which really sucked cuz when I. went to the concert in October well I. don't care you you just got in a car. crash yeah I do not care about a concert.

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wonderful wonderful human I do love her. she is a wonderful person I like like. her I no she like she's a great person. she's a thing great person it's just she. every. time we know she's a good person like. wonderful wonderful human but she's just. so into me and she always wants to head. no wait a minute wait a minute random. but frequent private streams with me. throughout every week monthly member. Raffles for exclusive merch and two.

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