Dominated By Immaturity | Financial Audit

hi my name is Meda I'm located in Austin. Texas I'm 32 years old and this is. financial audit what do you do here in. Austin for a living right now I'm in. between jobs I just accepted an offer. with a technology company that's. incredible that's awesome what what's. the what's this new job it's customer. service uh so I think that the official. title is like advisor technician oh okay. what's the P pay going to be 23 an hour. 23 an hour how many hours a week are.

going to work 40 how much time do you. take off on normal like how many weeks. do you take off a year uh I take every. PTO day that I get so so okay paid time. okay. so 32 or 23 23 * 40 52 / 12 give me an. average of about 39 or 39 uh. $3,985 a month on average CU some months. are going to be longer some months are. going to be a little shorter when it. comes to the the pay period is it.

bi-weekly or semi monthly uh biweekly. okay so does that sound about right. before taxes have you looked sounds a. little high really yeah okay I mean with. this that I mean that's with taking PTO. but in terms of like actually. like do you have to acove the PT well I. guess that doesn't matter that's before. taxes though so that's not what hits. your account but that's 52 weeks of 40. hours a week at that. wage yeah I mean my last job I made.

quite a bit more and that seems more. than what I made in my last job so. that's why I think it's a little weird. let's. um 23 maybe ambitious with the. 52 by 40 times let's call it instead of. 52. 49 $45,000 a year that sounds you're. making less than your last job yes why I. have had the hardest time finding a job. I get interviews I've been told that I. have too much EXP experience for what.

I'm applying for and so I'm not going to. get that job um people why did you leave. this last job I wasn't happy I was super. miserable there was expectations to work. 6 days a week from 6:00 a.m. to 9:00. p.m. customer service no no no I was a. team. leader so team it was extremely. stressful I was having breakdowns I was. just not happy and I was being berated. cuz I was like hey I'm salary I'm.

supposed to be 40 hours a week you I'm. doing 60 right and you're asking me to. do more it's like I'm going to start. clocking out at 40 hours and that's it. like I'm prioritizing me I'm not going. to dilute my pay and they just they. weren't happy with that so I got put on. a performance Improvement plan and oh. that's not very good sign once that. started it was just downhill from there. it didn't matter if I met or exceeded. the performance Improvement plan I got. put on a different one for something. else and was just like you know what the. money ain't worth it.

I just noticed this and this is just. pure curiosity what is that around your. neck this is my collar so I'm part of. the BDSM lifestyle U so like a dog. collar thing yeah oh I didn't know we. okay I didn't know we were getting into. that okay I was just curious oh so you. wear that everywhere yeah yeah I wore I. wore this at my last job I don't wear it. at your last job yeah I don't King Shame. I'm just like Beyond curious I'm just. like shocked yeah I mean in general no. one really says anything uh I did have.

one cooworker who brought it up and was. like hey what's that and I was like I. know you know that's why you're asking. and they were like okay we'll leave it. at that thought maybe but I wasn't 100%. sure so I had to ask out of curios okay. okay interesting uh. $3,000 a month post Taxas is what I. think is going to be coming in on. average is hard to say plus. contributions and stuff like that so you. quit when you quit did you have any s. how long ago did you quit I quit in.

March March that's a long time without a. job yeah is that why this pile of just. deaths are just extreme and chaos and. death um not really so I had enough. savings to cover about two and a half. months so I did that I was like I'm. going to take a break I didn't think I. would have such a hard time finding a. job um I did have a hard time finding a. job so especially in Tech which is where. you went from and where you went to I. mean especially towards the beginning of. the year it was quite rough in terms of.

the layoffs it was yeah it was intense I. did a few interviews with some cool. places and again just overe experien or. would have required a move to a more. expensive area and I was like Austin's. an expensive area I mean California is. way more expensive it is but would the. pay have compensated for that no it. would have been like maybe 5,000 more. than my previous job and then the added. increase of $5,000 a month in rent it's. been more than 2 and a half months how. have you been surviving yeah I took up a. job as a waitress while I was waiting to.

yeah so okay then what's this pile cuz I. thought that would explain this pile. what's this pile so pile just like we. just been around forever or something no. so about 7even years ago I I got split. from my ex-husband um wow 25 divorce um. I'm still still dealing with the divorce. it's it's amicable I'm just I've been. slow I haven't done it um wait the. divorce hasn't happened no I have all. the paperwork filed and I'm supposed to.

do the final decree and I just I haven't. done it so see the one with the leash. you can't like go the leash okay no. that's my current partner um no so when. we split I mean I didn't have savings I. didn't work very much and I suddenly had. to be on my own I couldn't go home I. didn't have anywhere to go and I was. like okay I'm going to live on my credit. cards I have great credit like I can do. this for a month and a month turned into. two three four and it was just like I.

had to furnish an apartment right I. didn't have a bed I laid on the floor. for 2 months uh it was just me and my. cat on the floor didn't have a TV didn't. have a bed I first moved here I slept on. the floor for seven months until I could. afford it yeah and so that's that's what. I did but I mean I had to eat I had to. buy groceries and I was buying cup. noodle and I was you know I had to pay. car insurance cuz my job at the time was. delivery driver this a lot of debt for. like cup of noodles it is it sounds like. we were living it up a little I mean. come on no I had to pay car insurance I.

had to pay for car just car insurance. okay well how long did it last then it. was about 2 years before I was on my. feet I get the emotional trauma that can. come from the divorce but that's oh he. were just extending your pain. financially speaking because now you're. dealing with it cuz I mean we've gone. through this the amount of interest that. is being stolen from you a year at $23. an hour is like yeah no I I think about.

bankruptcy all the time cuz it's I mean. I live to pay the debt yeah but at the. same time you also around with it I mean. you you're not paying it off as. aggressively as you can yeah I mean. right now or I just don't have the money. to to make more than the minimum payment. with what I'm making as a waitress but. even before I I mean I was paying rent I. was paying car insurance I was paying. food. and then at the end of the month I'd.

have maybe 800 left over man I'm going. to call you on a little bit of your bull. to be honest which is it's okay it it's. sometimes good to get a wakeup call but. I mean okay so Bank of America let's go. through these mhm and I don't think I. have to call you on your when it comes. to this one maybe I do let's see so $68. of Interest stolen from you in. $2,944 so what's currently owed on. it again even that alone I'd be like h. at the the dollar wage we're at like you.

know become struggle at a $97 minimum. monthly payment these minimum monthly. payments are about to stack up and. they're about to get heavy and they're. about to get painful and they're about. to get. death so we made a $91 payment lovely. but we went and purchase. $215 what we do oh we don't have the. money to make minimum monthly payments. okay lovely so we're going to get fruity. Rudy we're going to get Starbucks we're. going to get some mango uh mango Nas. we're going to get get some Southside. pizza and we're going to get some.

Starbucks so I immediately have to push. back and call you on your. bull yeah I mean I the way I see it it's. 215 wasn't going to make a drop in the. bucket and all I do is pay bills drop in. the bucket what about the the bucket's. overflowing the bucket's drowning you. this is like okay let's take a sip out. of it every month at least that counts. for something instead of just letting it. waterboard us I mean this. is okay I get the relative sentiment but.

if we're making a $91 minimum monthly. payment which is the minimum monthly. payment at that. time you're doubling you're more than. doubling what you paid towards it if. we're more than doubling that's not. about dropping buckets that's about you. just making your situation worse and. extending the process you took the. balance from 2751 to. 2,944 yep people always ask me what high. yield savings account do I use for my.

own money some of you know by now it's. Sofi I love them it's great for my. checking account needs it's great for my. high yield savings account needs and. right now I'm getting 4.5% interest on. my monies I love that rate on my monies. so if you want to get a great rate like. that on your monies just check out the. link in the description below I have a. paid affiliate link there you can get. bonuses all the way up to $250 and I. took advantage of that and you should. too what y I mean that's that's five. charges over a month and that's the only.

five things that I get to do no it's not. cuz we're going to go through the rest. of the statements no it's not no it's. not I mean again you you you said you. didn't have the money to put towards. minimum monthly payment in general and. then I immediately have to call out and. say okay but here's these purchases and. now I'm going to have to call out again. call on the [ __ ] and I'm sorry I'm. going to be rough because I I don't. allow lies to be given at the table but. no those aren't the five purchases.

you've allowed and we're going to go. through and prove that fees this year so. far Mis payments maybe I don't know. $68.7 $419 stolen from you stolen. aggressively taken from your life in. interest this year so far okay so here's. Target Target doesn't have any. purchases we have a current balance of. $1,425 1 we made a minimum Mony payment.

of $48 $33 is being sucked from us. stolen from us burned from our Wallets. on a monthly basis so really even though. you made a $48 payment only $14 was. actually taken from the. balance on this $32 have been taken from. you this year so far. 2815 per interest on that money is AC. Creed now on Walmart we have a. $28 uh purchase that was made on this. Walmart card even though we made a $28.

payment now this one's not at a crazy. balance this is at $85 I don't even know. if that exists anymore today but even. still with the purchases were allowing. in the balance were holding even if. minimal. a182 of Interest was taken from you this. month so I mean this is it we're clearly. demonstrating you're not a credit card. person I don't know if you've heard that. term before or not but it just means you. cannot actively use credit cards you've.

demonstrated that you're the majority of. the people you're just like the majority. of Americans which is fine that's fine. you don't need to use credit cards who. cares it's not a status symbol you would. be better off without credit cards. you're a debit card or cash person use. the money that exists there and nothing. more because what happens is we just. even hold balances on a card like this. where you could have easily paid it. off actually in fact I'm curious why why. is this not paid off why are we losing. interest on this.

yeah right now like I said as a waitress. I don't make enough to pay it off so I. went and bought some pairs of jeans and. then I bought stuff that I needed for. work like the non-slip shoes and and. Starbucks out and a bunch of other. [ __ ] so again I like. we the reason I have to beat you up a. little right now is cuz we're not going. to get anywhere if you're if you don't. accept that if you're not accepting that. we're around still it's like we're just. just not going to make any.

progress do you agree we're around I. mean I guess so yeah I'm I don't feel. great when I go to Starbucks right like. I'm like I could make coffee at home. save some money I'm not saying it like. that I'm saying like you just have to. accept that it's existing dude and then. we went and purchased from Walmart. Walmart's impossible to exactly know. what it could be it could be close it. could be it could be groceries it could. be anything Walmart's hard without me. seeing $19 of Interest has been stolen. from me this year so far $28 a fee. now we have a Capital One Capital One.

Plum $386 previous balance $25 payment. which was the M monthly payment made. good I'm glad you're atast making that. no purchases fantastic $827 of Interest. acree bringing the New Balance to. $351. 27 $25 a fees this year is charge so far. and $84 88 of interest and this is at.

28.99% so 29% basically. 30%. now here on the Mileage Plus United by. the way you've opened every credit card. that has ever like entered your life. haven't you no I I mean at one point I. was doing it to get up to a certain. credit score I thought I was going to. buy a house and after that I just I. stopped have you been you haven't been. opening credit card since then mm I've. had all of these order to build your. credit you open like 50,000 credit cards.

it was over 3. years it's a lot of credit cards you. opened in just three years you've opened. more credit cards in three years than. I've opened in my entire life to be. clear we have a balance on here of. 4,776 and. 70 $10 of purchases $165 payment made. which is the minimum monthly payment. 164. $16.61 of Interest stolen from you what. did we do oh because we need it and we.

have no other money to spend and those. were just the only five purchases that I. made my entire life that I allowed. myself to do no we're getting door Dash. we have door Dash we have a door Dash. subscription giv us access to spend even. more money on door Dash $1,000. 39. no, 3921 has been stolen from you and. interest this year so far $124 of fees. this year so. [Music]. far at essentially 29% interest so again.

let's not bu let's not bu we're having. door price premium come on come on SO to. be fair that came included with the card. as a feature for the first year and I. just haven't cancelled it but I don't. use it to be fair cancel it City Custom. cash we have. $2,877 32 our current balance. with a $104 minimum monthy payment. that's very difficult on the waitress.

opposition actually a lot of waitresses. in Austin I've met waitresses in Austin. who like make almost six figures but I. assume this is not the position you're. in definitely not um no purchases on. here good $96 payment which is the minum. monthly payment at the time interest of. $75 stolen from. you oh they're just adding up let me. tell you adding up $29 of fees and $464. of Interest occur this year so far at. 30% interest.

rate. AMX every. day okay with a balance. of. $1,327 29 $41 minimum monthly payment. again these are just bullying you into. the ground. $282 of Interest. acred $29 of fees you're getting fees on. everything 200 $53 of Interest stolen.

from you on this card so we're. definitely thousands in the drain this. year from interest we didn't even have a. job for a. while CarMax what is the car that you. have I have a 2016. smart smart they're the little like. clown cars they're tiny okay is it. electric no oh okay what who's the maker. of the car uh so they're like an. offshoot of what's the Mercedes they. don't have a presence in the states. anymore they stopped in 2018 does that.

mean the value of this car has gone up. sometimes it could do that no not really. no Supply oh that could be interesting. but okay $872. to16 owed on this Min monthly payment of. oh this smells long term you got a long. term on this didn't you I have a. fiveyear and I think I'm into it no it's. still much longer than the three years. years which should be Max but $236 69.

minimum monthly payment. 10.95% interest so essentially 115 11%. interest on this daily finance charge. $2.60 a day stolen from you a day now. Costco and hopefully they're better I. can't audit the purchase I don't. know you never know I'm sure some of it. was good things but was everything I.

don't know from this conversation and I. wouldn't be able to trust anyway so. $2,226. 15 of uh is the current balance with a. $39 interest stolen from you. $261 of purchases made even though we. made payments of 54 and then credits of. 70 so our balance went up from 2,000 to. 2,226 a $61 minimum monthly payment so. again we're our balance is going up it's. not the first card where that has. happened yet and this was just it was a.

single Costco purchase but again we. don't know what it went towards and a. our rewards balance this year so far. $786 $786 of rewards that's the reward. you've gotten from using this card when. we've lost $40 this month in interest so. you're not a credit card person never. use a credit card if you're going to use. a card use the Fizz card it's in my. resources dude but that's like the one. thing I would use cuz at least it pay. gives it off immediately it's like a. debit card but $20 uh 20.4 n% interest.

so low interest compared to the rest of. your cards but it's still. death free spirit I've never even heard. of this what even is this it's the. airline it's a Spirit airline card. jeez first one I've seen with that so. $3,136. 97 with $70 of. purchases 100.

$7.80 minimum monthly. payment again balance one up not the. first time we saw. that hopefully it's the last time I know. we've gone through a lot of cards $726. of Interest St from you this far $29 of. fees oh this one pops up a lot you get. massages every second of your life by. the way nope I've been fighting that. charge for the last four or five months. just this charge yeah what about all the. ones we're going to go through on the. account which is massage massage massage. Mass the free spirit that that one is.

specifically Massage Envy that's 70. bucks a month I haven't been fighting it. for that long usually credit cards are. pretty darn responsive cuz I have to go. I have to give them in writing I give it. to them in writing they tell me they. don't get it then I'm like okay hey you. know I've been trying to canc you. reported it as like fraud no no this is. through massage ENB oh they don't let. you terminate the contract unless it's. in writing they conveniently lose the. writing all the time they accidentally. cced me with all the other people trying. to cancel and gave away all our info to.

each other what the what even is this. yeah don't go Massage Envy jeez 33%. interest even without the purchases the. balance on this is still insane with an. interest rate that's crazy 33.2 4%. interest that's. crazy oh the siage and yeah okay I mean. but you did attempt to cancel before. that charge mhm then report that to the. credit card report that to the credit.

card let them know that hey I attempted. to cancel everything and see see what. they do because it's their money so. they'll they'll actually. fight Amazon card I love the Amazon card. I don't know if I'd want it for you. because that gives more excuses to spend. on. Amazon okay do we make any purchases I. don't think we made any purchases so. good 97. $9.75 of uh not interest that's the.

balance that'd be a crazy monthly. interest monthly interest $24 and then. $40 of fees $40 of payments and 100 um. $74 is your minimum monthly. payment. fees so latey did you know that nope you. didn't even know that I just you don't. have it on auto no I don't have anything. on auto yeah I might not in your.

situation either let's talk about this. waitress job for just a brief second uh. brief injection of going through your. debt what have you been making on. average in this waitressing job I make. about 120 a day and I work five days a. week five days how many hours a day what. that's like 600 how long have you been. doing this I started that in July like. the middle of July at one of those. classic places that serves pancakes mhm. oh okay so there's a lot of places in.

the food industry that you could have. made a lot more money this entire time. why have if we know we're not making it. and we're not making the money why did. you just accept that position instead of. like okay let's go make more money at. Jimmy John's even yeah it was an. immediate hire when I was I had like. five days till my next payments started. coming through with no money in my. account so I was like hey I need cash. now and they're hiring two days that's. fine I'm glad you got the job why didn't. we realize okay we're obviously not.

making ends meet let's get a better job. in the service industry because the. service industry yes Tech has taken a. step back and they've done lots of. layoffs especially earlier in the year. and late last year service at least in I. and I know Austin I know Austin very. well um every play still has desperate. to hire will give you the monies is it. an overnight thing obviously not you. know resumés and applications and. interviews that's all on the individual. but I know you could at least got on the. foot in the the door if you at least. attempt it why' we not do that yeah this.

is a lot easier on my body a lot of the. other jobs I was going to have to carry. trays I can't carry a tray I carry one. or two plates at a time um it was going. to be a lot longer hours right now I. think I do six to eight hours a day on. average and yeah what about six to eight. hours a day at like waterburger or. something though they're I was hiring. yeah but that would actually be less. than what I'm making right now how much. are you making a day you said about. 120. [Music].

it would have been about the same just. about the. same okay uh so I don't want you to push. your body to a point of pain what what's. going on what's going on there so last. year I fell off a lime scooter downtown. and I obliterated my dominant arm and. it's just I I can't pick up things. anymore I can't hold much weight I can't. hold my own body weight um I drop things. all the the time so it's been it's been.

lifechanging I'm sorry that's hard but. you can stay standing quite often. somewhat I have arthritis in my hips and. so the just the walking alone at this. pancake place is it's pretty bad I. hobble like a grandma after work a lot. okay so customer service is obviously. good we're sitting down um yeah I mean I. I would have just attempted as much as. we can just cuz we know we're scraping. by well are are you collecting any kind. of disability of any kind have you try.

attempted to no you can't collect. disability if you're. married you're married and still legally. married yeah you're still legally. married that's true well I I personally. don't know that I mean I can't. educatedly speak on that so I'm not. going to speak on it but okay it's. interesting oh and by the way don't. forget to subscribe we're trying to get. to a million subscribers that's awesome. thank you to everyone who has gotten us. here so far love you all so much you. guys have any kids do you have any kids.

no I don't want kids okay again I would. rather you stand over the fries at Water. Burger for 10 hours a day you know and. you would have made more money and you. wouldn't have been walking back and. forth wouldn't I mean there would have. been some weight there but it wouldn't. have been as crazyy as like we're. potentially making things out to be like. carrying a bunch of drinks or anything. like at a waitress job I'm just saying I. think we could have looked for options. and I wish I had I wish I wish we. started this conversation then cuz I. could have at least coached you through. that and like encouraged you along the.

way but you already have a job now a new. job I'm happy which is obviously going. to make more money. so this. is like payments and then deciding to. purchase the. B checking account $131 it's a very. scary balance which you know goes with. what we've talked about so far $12 the. service. fees this is. this this is what I knew was coming and. it upset me it legitimately upset me.

earlier for you because I want you to. care I want you to care more than me and. I care a lot so that's why I was very. upset earlier when you're like these are. the $5 that I allow myself or five. purchases I allow myself no no no not. even close no cuz we're crispy creaming. we're Big Lots and we're starbucking. we're getting massages Clara we didn't. even talk about Clara so we're probably. we have financing things we get a. massage every second of our life Uber. Eats Uber Eats Starbucks Amazon Spirit h. we don't need to be doing it if we can't. afford to live more Clara going to the.

movies 33 uh $33 76 getting some teas. Panda Express JC Penney 84 bucks that. was that the. jeans JC Penny with. shoes you didn't have any other. shoes not the shoes that I needed no for. what so September's my birthday month. and my partner paid for a punana. vacation so I needed shoes to be able to. walk on the.

beach cuz the only shoes I have are some. slipons Bakery Uber Eats getting. waxed TJ Maxx Uber Eats Taco Bell some. payment through Google Amazon Zing out. money upstar did we even talk about. upstar I don't think we talked about. upstar that wasn't in the loans that we. talked about up start Zing out Zing out. zening out now what was it for it was. for uh eyelashes we don't need to be. doing that when we just can't afford to. live I want you to but you can't afford.

to live and pinballs we certainly don't. need to be zelling out. $55.50 or 90 for pinballs and zaling out. for sushi we're not getting Sushi we're. just not getting sushi right now dude. I'm sorry so the five purches you. allowed yourself no I'm sorry I'm sorry. but off you went and then purchased an. additional what 1520 I just bull this is. like almost almost every day maybe every. other day sometimes it's like we have a.

bull purchase here bull purchase here. and I know a day can feel long and two. days can feel long a week can feel long. those small little purchases they can. feel like okay I just did it here not. much else has happened haven't done much. else wrong but throughout the month if. we just take a look back at this dude. this is every day sometimes every other. day we're Uber eating or we're getting a. massage or we're getting wax or we're. getting eyelashes or we're going to. pinball or we sushiing or we're Panda. Express we're just fing around you say.

you can't make a minimum monthly payment. F off yes you can yes you. can just the Taco Bell. itself the Taco Bell itself combined. with a couple of the Uber Eats boom. minimum Mony payment was made you chose. you chose around and all that other. stuff over minimum monthly payments over. being respons. responsible yeah I mean I'm paying.

everything so again I don't uh we missed. the minimum monthly payment there's a. late fee yeah I mean I don't do that. often still don't lie to me if we do it. at all dude that's all it. is. please I mean come. on I don't do it often it should be a. never thing we're never choosing. Starbucks and Uber Eats over making a. minimum monthly payment we're never. doing that I'm being tough on you.

because I was in a situation if not. worse than this 10 years ago not more. than 10 years ago and I wish this is the. exact conversation that I wish someone. had with me and that's how I do this and. I know this is tough you're very brave. for coming on the show and wanting to. make progress and putting your situation. on display for everyone because other. people are going to be helpful from it. as well and I hope you make progress but. I need to be very clear I'm not having. it with the line and I'm not having it. with the oh it just it doesn't happen.

that often type thing so no we need to. accept the responsibility now or there. is no future with this if we don't fully. accept the responsibility there is no. future yeah I mean I'm doing my. best you're not you're not you just did. it again you're not accepting it you're. not accepting the reality of the. situation you are not doing your best. your best is not this your best is not.

this let me make sure it's all blacked. out it is your best is. not that what three four purchases that. are reasonable on there everything. that's highlighted is around when I just. asked for you to accept it you said I'm. trying my best you are not trying your. best that is not accepting. responsibility that is you deflecting. just saying oh oh no I'm trying my best. it's okay it's not your future matters.

more than your than your than you want. it to right now than you're show your. future matters more than you were. showing it matters right. now and then if you and your partner. together. forever your future together matters. more you don't want to bring this into. that kind of relationship if you guys go. into in divorce and then get in another. marriage I don't know if that's in the. plan I don't really care it doesn't. matter but if you go into long-term. relationship. [Music].

partnership I don't want the dog at the. end of a leash being carrying a bunch of. debt and. around doesn't make sense yeah I mean. that's why he's already doing a lot for. me he helps me right like I'm not paying. rent I'm not paying utilities I'm not. paying anything so that I can at least. make my. minimums you know what that kind of also. means though and this sucks to say cuz I. know this has been a hard conversation. so far no it means if he kicks me out. that I'm I'm it means that him taking.

care of all those other payments and you. doing. this and around this much he's enabling. your bad. behavior he's saying what you're doing. is. okay it's. not so are you willing willing to accept. responsibility for. this yeah I mean I'm aware that I did it. are you willing to accept. that this is bad and that and that you.

will not do this in the future will you. stop what so let's let's talk about the. reason why we're doing all this then why. do you think every day every other day. we are going and spending bull money. what do you think your reasoning is yeah. like I said I think that this one is a. bit of an exception it was my birthday. month and yeah I wanted to not live with. zero dollars or not have nice things for. one month I was like I want to enjoy my. birthday but you're pushing off the pain.

you're making you actually enjoying. every month of your life further and. further away by digging yourself deeper. in the. hole so we're using excuses around. different situations and every month's. going to be unique in a different way we. can always justify different things in. the end if your birthday month came. around would you do this again would you. try to justify again I probably would. yeah because I I don't think that it's. worth living to just pay a credit card I. should be able to do a little stuff here. and there that's a bad that's a toxic.

mindset for your. future cuz you think the only reason. you're living is to pay off the credit. card I want you to attack it now make. sacrifices now so the by the time you're. 35 34 who knows we can figure that. out you never have to pay a credit card. again what you're doing is you are. living to pay the credit card because. you're extending the Prof process your. actions are contributing to the thing.

that you say you don't want to have so. you around for a month because e it's my. birthday month. Woo you're extending this situation for. years and years to. come you're preventing yourself from. getting out of it you're preventing. yourself from ever having enough saved. up for retirement so that you can. survive so you're not working in your. 80s in order to afford rent because you. never saved up enough money to put a. down payment on a house so you're dying. on the Walmart floor in order to survive. and who knows what Social Security is. going to be like well we're around the.

same age when we retire we can't rely on. that people can barely rely on it. now so that's what you are creating you. are living by the thing you do not like. paying living to pay the credit card. because you are extending it forever. instead of saying okay I'm going to be. an adult a mature adult now take care of. this now so I never have to pay a credit. card again in my life yeah I mean that. makes more sense. okay so birthday month comes around. would you do this again not if I'm still.

like I don't even know how much Deb it. is so you would not no good good that's. that's really good that's really good to. hear that's see that's the important. part of this conversation I'm so glad. just hearing that alone I am so glad you. are here because just that mindset shift. itself could save you thousands if not. tens of thousands of. dollars. so let us. get your total debt cuz you just said.

you don't even know how much it is is. there any other oh there is yeah it's my. personal. loan all right I was pretty sure I sent. it over this the off start H I don't. have it I want to take a brief moment to. thank today's video sponsor Aura are you. sick and tired just like me and everyone. else honestly of receiving endless spam. calls every day I mean look at this let. me open my phone look at this this right.

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the balance uh the total I took out or. the total I owe oh. 18,000. oh when did you do this and why I did. this last year cuz I Consolidated a. bunch of credit card debt so there's. like 12 credit cards that are fully paid. off haven't been. used oh so it actually worked yeah so I. had okay what I did to try to limit. myself was I 12 additional credit cards. that you opened within that threeyear. time span wow you open a credit card.

every other month okay sorry go ahead. yeah so I had a whole bunch of debt it. was like almost $1,000 in payments just. to make the minimums it was. unsustainable I was able to get a. personal loan that would bring it down. to 650 so it was like a 250 savings. which at the time was worth it to have. the extra 250 to try to put elsewhere um. and yeah that's that's why I did it and. my oh sorry I got Sidetrack so I took. those 12 cards and I put them in a. little purse and I put them in a drawer.

and I don't have access to them I don't. use them because you close the accounts. no because I CL I don't give a [ __ ]. about your credit your credit's not. benefiting you your credit's not. benefiting. you this is this is a tool against your. own destruction not a tool for your own. success right now I don't give a single. your credit credit can be a good tool. for people who know how to utilize you. don't so I don't care close them so you. don't have access okay what's the. interest rate what's the minimum monthly. payment I think that that one is 32% and. the minimum monthly payment is.

[Music]. 65318. 32% on a personal loan of death that may. as well be a credit. card utilities is paid by. boyfriend um okay and now I saw some. claras yeah I bought four outfits for my. vacation vacation wasn't much of a. gift was it this was a let's go further.

into. Deb okay any other. debt not that I can think of no $4 46,8. 29.71 a. debt none of which is benefiting you. none of it being good none of it being. proper leverage of any. kind it's all just negative bad death. destroying the world. debt. okay what do what what do you want to do.

from here because this this is I this is. this feels like a different conversation. than normal what do you what do you want. to do from here I I want to work it down. that's why I took out that personal loan. CU like I said I closed those not closed. right but got rid of the balance on. those 12 and it reduced my monthly. payment by 250 and I felt like that. alone was a little bit of a win um that. loan's paid off in three more years so I. kind of that's what I'm aiming for in. three years my car is paid off my loans.

paid off and that puts almost $1,000 a. month back in my pocket and then I can. start working to pay other things. off if I gave you a very strict budget. would you follow it if I could yeah what. do you mean if you could what does that. mean I mean like if it makes sense if it. covers everything that I need well it's. going to cover everything you need I'm. not going to have you. die okay so you don't pay for rent you. don't pay for utilities correct. okay how does grocery shopping and. everything work in this household with.

your right now they're covering pretty. much 100% of all living expenses okay so. you don't have to do. that oh jeez your minimum monthly. payments just on your debts. 1,650. 31. wow um Wow Car Insurance are you paying. for that M how much. I pay. 120 it's not.

bad we're just gonna we're going to be. starting with just the new job in terms. of how we're calculating your pay and. expenses and everything I'll give you. like 50 bucks a month for makeup and. whatever else you need for the house to. just feel comfortable and whatever call. that your toilet paper. fund phone bill you pay for it yeah I. think my portion my portion is I think. it's also like 1225. 135 any other Min gas how much do you. spend on gas almost nothing I would say.

I spend maybe $30 a month that's good. what else do you have to pay for on a. monthly basis Sur so I pay for his food. his litter okay give me a. monthly maybe 35 anything. else. uh not that I can think. of. so it's very critical by the way for you.

to have an emergency fund in a. non-marriage situation relying on a. partner so much the other person at the. end of this leash they have so much. power right now in terms of how your. life you can't just move out if it's a. dangerous situation ever not saying that. that's of course you know what would. happen or anything but if anything. happens a breakup. whatever we need you to have something. cuz you can't afford yeah I used to like. to have about 5,000 in the bank that was. I would float yeah I would do minimum 10. but I mean yeah just about I'm going to.

say you have an CU you need $220 to. survive on a monthly basis in this. budget and you said you needed. everything you will follow a budget if. that's everything you need to survive. that's everything you need to survive. correct so you'll follow that budget. yeah good so you have about $1,000 extra. with your new job on a monthly basis is. again some months are going to be a. little more some months are going to be. a little less especially on. hourly with. that I mean there's going to be a. compound. effect the way I would do it for you we.

need to get rid of minimum monthly. payments as quick as we can in order to. make more and more progress so I think. again for like the vast majority of. cases on the show the snowball method is. going to be what's most effective so. it's the smallest debt to the biggest. debt first month let's set that th000. bucks. aside second month let's set another. th000 bucks a side boom that's two. months it'll cover you it's a two month. uh one month emergency fund uh saved in. months month number three let's pay off. that Walmart card and the Capital One.

Platinum card then let's put the rest. towards Amazon as. well I think you could almost pay off. the entire Amazon. card You' pay off the entire Amazon card. and Walmart card. actually and all of a sudden we're just. getting more money we're able to start. throwing at. things and the next month you throw. throw off the plum so I'm just going to. do some quick math cuz we're just going. to. do smallest to.

largest and thinking about the. compounding effect of it we're just I. just want to give you an idea of how. your hard work can pay. off oh that's actually easy so without. any compound without any Compound. Effect take rounded up four years on. that budget to pay off four years.

Compound Effect as you're going through. killing them and you have more minimum. monly payment you probably do this in. about three and a. half maybe three. years I mean that would be nice that's. when the personal loan and the car are. off yeah essentially and you'll be. you'll be killing them those both of. those are your larger ones so they're. going to be going towards the end anyway. the second to last debt you pay pay off. is that car and then the last de you pay. off is the upstart so they you'll be.

attacking them but we're going to attack. Smalls to larges but that was that's. what ,000 left on an extra month what I. want you to do is try to work as many. hours as you can at this job now you're. sitting and that works with your medical. situation everything that I used to. volunteer for overtime at a similar the. first job I got when I got here and. let's volunteer but if you're not. getting. overtime we're probably making some. fries at waterburger after work or we're. continuing the pancake moving around. type thing the extra money you let's.

just say you bring in an extra $250 a. week you know times that by 52 divide. that by 12 okay lovely that's about an. extra thousand of about a, bucks a month. you know so that's that doubles this. that doubles the extra money you have to. throw towards this you could cut this in. half you could finish this in a year and. a half to two years year and a half to. two years you just go work this is what. I'm talking about with the temporary. sacrifice the temporary sacrifice is the.

month of your special birthday month. where you wanted to spend money okay. we're not doing that because we just. want to get out of the situation so you. can have a special month every month. budgeted if we work our butt off right. now just go wild go. wild you can pay this off in a year and. a half to two years but that's your. choice at this point it's your choice if. you're going to follow this budget it's. your choice if you're going to have. special months and justifications and. excuses. it's your choice if you go work the. extra. job I'm from this.

conversation want you to succeed very. much and we're going to make sure that. we're in constant communication that we. do I will say that I'm very nervous just. based. on the excuses we made the white lies. and everything around. that and the justifications and. everything so I'm a little nervous to be. very clear but I want you to prove my. nerves wrong I want I want you to prove. my nerves wrong I want you to go work. that extra job I want you to come back. in a year and a half to two years sit.

here and tell my nerves to and that. they're dumb because you kicked out. because by the time you're 24 if you go. and go wild or 34 by the time you're. 34 you are not even halfway through your. life statistically. yet you have decades and decades and. Decades of your life yet left that you. can be saving just a little bit for. retirement you can be spending more on. fun and you can fully afford your.

portion of living expenses without. having to rely on anyone. else that's what I want for you but how. bad do you want that for yourself bad. enough to follow this the way I talked. about it bad enough to go work those. extra jobs I don't know about working. the extra jobs but I mean I'm willing to. why not the extra jobs cuz if I don't. have any time off I'm going to burn out. I'm not saying no no time off not saying. no time. off let's say you work from 8:00 to 5:00.

Monday through. Friday let's call Monday Tuesday. Thursday Friday we go pick up a shift at. pancakes then we have Wednesday evenings. off and we fully have Saturday Sundays. off boom time off. recuperate and you're right there is. chance of burnout and I need you to. watch that and be safe but let's not. just immediately set up excuses not to. do. something do you want this the last four. years not really I feel like you're. going to burn I think I feel like.

there's. a I feel like being on a strict budget. in all the money going towards the. paying off debt that you could be having. fun feel like there's a higher chance of. burning out in four years than going a. little crazy for two. years I mean maybe I don't. know. okay well I don't know what else I can. add that's what I would do because I was. in a similar situation but I also had. like private student I had less credit. cards but I had private student loans. and uh a really bad car debt uh family.

debt and stuff like that so I was in a. very bad situation as well and you know. I worked my off I sacrificed and going. through that and again wish and I had. this exact conversation over a decade. ago this is what I would literally do if. I woke up tomorrow in your body I would. take off the collar because I'd probably. find it uncomfortable and. Scratchy but this is exactly what I. would do. and that's the only way I I uh give.

advice yeah I mean I appreciate it I. didn't when I look through it it like. you said it doesn't feel like I'm doing. a lot because it's here and there and I. don't feel like the the amounts were. very high like it was $50 or less but. yeah I mean I see how it adds up any. final thoughts any. questions no it's a tough conversation. it's going to be a tough path for it I. really hope she listens I hope she. accepts responsibility and then. sacrifices that's what's needed right. now Hammer Financial score spending a.

budget I mean picking U breats over a. minimum monthy payment zero out of 10. debt pretty I mean that's just an. extensive crazy debt with those minimum. Mony payments Z out of 10 emergency fund. nothing Z out of 10 retirement very. behind for age 1 out of 10 real estate. certainly not a part of the conversation. yet 0o out of 10 going to be generous. and say it's a 0.5 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. if you want to be in an episode of. financial audit and you're able to make. it down to Austin Texas fill out the.

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