I’ve Never Seen Anything Like This | Financial Audit

you just said you have a personal. responsibility to your children you're. not a credit card person it makes me. want to vomit the thought of closing. them and I know it sounds stupid how the. balances and the middle healthy payments. in the interest of crewing not make you. want to vomit it's making me want to. vomit HL the safety but don't you want. to make money no I don't I I don't want. to be in debt but I don't want to make. money. what I'm Kelsey I'm 46 in lockart Texas. and this is financial. audit thanks for uh coming over from.

lockart what do you do for a living. there so I am an accounting clerk for a. municipality very good and what are we. making in this position so I make. $18.90 an hour okay how do you feel. making1 18 bucks an hour in. lockart uh so I moved to lockart because. the cost of living was lower than I was. before I was in Wimberly for 20 years. but um it's not so bad I I feel.

like I'm fine like I I also get some. social security income for my kids so. with that income I feel like it I. survive just fine okay so let's see what. hit your account was 2,157 which is. that's really what is this a dual. household no it's just you it's me my. mom and my sister live with me as well. oh okay and they contribute to the bills. a little a little my momes not my sister.

so much all right so for the income side. I mean I only saw. 2,333 coming from the job but then there. was as you mentioned I see the Social. Security. 1,434 yes and those go into separate. accounts for my kids the when you set. those up you have to each kid has to. have their own bank account your kids so. I have three but the two that are still. at home are 15 and 10 what.

what about the. dude that helped this manufacturing her. children so my husband passed away four. years ago oh I'm really sorry yeah he he. had prostate cancer um you know the. cancer you die with instead of of um. sure yeah and so by the time they caught. the cancer he was already stage four he. was 59 when he passed away and so I. encourage every man out there Caleb if.

you don't know your PSA number go get it. okay that is your. prostate Something level and you need to. know what your number is and if your. number changes that could be an. indicator that you have prostate cancer. and you need to go see a urologist maybe. in the post show I can have every crew. member check Noah's prostate and see see. how it's doing um okay I am really sorry. to hear that uh how have you been doing. since then uh I mean at first honestly.

he had been sick for so long that we it. was and this sounds horrible but it's. not I was just relieved that he was no. longer suffering we had all been sick. together we went to doctor's. appointments we did this we did that so. it was very much a sigh of relief that. that phase was over and then Co hit. right after he passed away okay and so. um I was already at home staying with. the kids trying to rebuild the. relationship because I had been at least.

mentally absent for so long okay um So. Co hit after that and we learned how to. live together just the three of us. during that time so that was in a way. blessing sound yes yes he's 27 um he's. married why do your sister and mom live. with you. so um so during Co so about a year after. my husband passed away our landlord uh.

came to us and went we're going to sell. the house and I went okay I've been here. for 10 years and the rent has never gone. up I was paying that's nice to them yeah. yeah I was living on an acre uh uh paid. $11,200 a month and I started looking. for a place to live and it's still even. 1,200 bucks a month it's almost half. your take home well and at that time it. was probably yeah it was probably about. the same cuz I wasn't working this same.

job okay this is my third job since my. husband died oh okay go go ahead um so. they were sell they were going to sell. and I started looking for a place to. live I was looking for a place to. rent and the prices in Wimberly which is. where I was living were outrageous and. so I started talking to my mom and. sister because they were living in kind. of a rundown place um their finances. have never been great um they were. making it they were fine um.

and I was like so if I have to move. outside of wiberly you're my support. system what am I going to do if I have. to move outside of Wimberly number one. they were okay with just packing up oh. yeah we've done everything together. we're kind of codependent honestly is. that good cuz it it's good and it's good. to have a support system support system. yeah codependent depending um well. especially after you know losing your. husband I that that you know I think it.

makes sense for the feeling of a. codependence to come in but so what. makes me a little nervous is without the. codependence and you know if we're just. talking about life and passing you know. I mean how old's your mom she's 67 and. of course I'm not rooting for anything. in 67's you know not that old these days. anymore well even still you know even. still um it's just like I don't want you. to be dependent on something that might. not be there well that won't be there. forever if we're talking real but. hopefully is there for a while but might.

not won't be there forever because $18. an hour now this is a completely. different town than Austin completely. different town about an hour away you. tell name. so in Austin you know I just I scoured. all the job postings I can I added it. all to the spreadsheet and I was just. trying to figure out what the lowest job. openings here pay like the lowest entry. level fast food you know what is like. the median of that of the lowest and. it's $18 mhm so you're at that level in.

a cheaper cost of living area but even. still with. $2,333 a. month get get you know even with the. Social Security you know we're not. making a ton right now. right and that scares me because of how. much de you're. in a lot of um so like if the. dependence ceases right what do we do. how are you going to survive cuz you're. not surviving right now well they'll. figure that out soon sorry I know I I. give a i get ahead of myself I know.

guys okay so. so I don't know that the the dependence. just sure sure red flags for me the. dependence on my mom and my sister or. the dependence on it might always be. there that is. granted and I and I don't know what you. would do with your income situation when. it's not there cuz it's not always going. to be. there that is true however I've done. without well is doing without how we got.

tens of thousands of dollars into credit. card debt no it's not I got into that. because one I'm a dumb and two people. were dumb enough to give me money okay. well now they want it back they want it. back now that's the problem so I want to. just self assessed where do you find. yourself right now in a score your. finances zero being the worst finances. ever 10 being the best finances ever. what's your self assessed so my self. assessment before I took the.

um oh you took the quiz online free in. the description below but I gave myself. a0 five I think when I took the quiz I. got a toot okay mhm probably because you. own a home probably which thatly boosts. up your score and not to toot my own. horn but I don't I don't have any more. um student loan or IRS dead so that you. had IRS dead yes when did you have irest. at when my husband was alive okay so. this was a bit ago now.

yeah okay well that's all in the past in. the past what did you do to get an IRS. just so we make sure we're not doing it. again though my husband owned a business. okay. and he would tell you if he was here. that there was a miscommunication M. about whether or not to pay the 941. taxes for our employees MH I would. disagree and say he specifically told me. not to MH and then when the IRS finally.

wanted their. money okay we were we paid for a really. long time on that again that's in the. past so you think you're a0 five you. ended up getting a two on the scale if. you want to be on the show I can self. assess your situation person make sure. to go to Caleb hammer.com apply and you. can be where she's sitting right now uh. okay so let's start getting into the. debt because this is I mean it's just it. breaks my heart it breaks my heart I you. know I don't like it when someone their. mid 20s and their mid-30s have that.

because it just it hurts to see that. they're thrown away time time for. compound growth but it also they have a. lot of time to get out of it if they. really need to sure you're not old by. any means but when we're talking in that. middleaged area you know where I in. retirement in the next like 20 potential. years M seeing this much dep breaks my. heart because it's you do not have as. much time and flexibility to get out of. it and set yourself up for retirement. right was there health insurance uh.

sorry not health insurance was there. life insurance yes in place yeah what. happened do the life insurance money. yeah oh I paid gone yeah okay how much. was it I spent it okay it was. 112 120 okay so it wasn't huge it wasn't. huge um I buried. him. uh which honest so here's a worst story. I had to borrow the money from my best.

friend and neighbor until the life. insurance paid neighbors with your best. friend yes that's kind of fun oh it was. amazing she's great um so. I did that and then I paid off my car I. paid off all my student loans I think. but I can't really remember it's fuzzy I. think I paid off the credit cards at. that point maybe or almost all of them. um and then I for a while and then I.

bought my kid a car a what a car for how. much 13,000. okay it's not a massive percentage of. that okay I have a really well how the. credit cards go all the way back up you. said cuz you're a dumb okay fine we're. all a dum I'm a dumb in many different. ways okay fine but what did you actually. do because we need to we need to. understand what you did so we can. prevent you from doing it again so we. can be smart in the future and pay this.

all off and then get right back in it. again so I've seen your channel and I've. seen guests say certain things and it. sounds dumb when we say them out loud. but I've resonated with a lot of them. well I mean that that's why yeah yes so. there's going to be people who resonate. with you. so one it feels like it takes forever. right if you're just paying the minimums. are barely above the minimums it's. taking forever and then you want this. one thing but you're resisting it.

and this first one would take 25 years. to pay off only doing the minimums yeah. I saw that yeah and it makes me want to. vomit quite frankly yeah you'd be what. 70. yeah um which who knows if I'm even. going to live to 70 and I don't want my. kids to have that that is they would. have this that is the one thing they. wouldn't have your credit card that you. said that's affected me the most okay is. that I have a moral responsibility to my. children yes.

and everything I've ever done has been. for my children sure it might not have. been done correctly or the best way okay. but in the moment it felt like I was. doing the best I could for my kids yes. and to think about that in I don't know. 20 years them having to take care of me. is not that's a reality I don't want to. have to. face I would like it to be different. and watching.

you do things for other people gives me. hope that maybe my situation can be. different but when I look at it by. myself and see the numbers and they're. not. moving I'm. like I get hopeless and defeated and I'm. like in for a penny in for a pound I'm. just going to go for it already it up. mhm what's $200 opposed to 20 when it's. not even my money. right.

now sure all right well let's go through. it let's take a look let's let's let's. figure this whole thing out cuz this. does get crazy quickly Best Buy card. what first of all why the what are you. buying you're not buying Xboxes you're. not buying PlayStations are you a gamer. are you a gamer girl I am not yeah gamer. gamer e girl no what what are we buying. a Best Buy what are we doing I got the. Best Buy card to buy laptops a long time. ago laptops correct kids no I was in.

school when um 2015 16 what were you. doing I have a master's degree really. yeah well in what public. administration I feel like I guess I. don't know that field as well as many. others but it's like business. administration but for nonprofit I feel. like you could do better than $18 an. hour with a master's degree no maybe not. for that local municipality but could. you commute to like San Marcos or.

something I was commuting to St Marcus. before this job but it was an hour and a. half out of my day fine where's the. nearest town civilization I live in. Civilization okay where's the nearest. real. civilization probably Kyle bua something. like that okay so that's not how far is. that how far is Kyle it's still about 30. 45 minutes that's a fine commute come on. people inside the city commute longer. than that and they're just going to the. same city they already horrible for them.

well but yeah but don't you want to make. money no I don't I I don't want to be in. debt but I don't want to make money that. does not what but you just said you just. said no no no no no no no no no no you. just said you have a personal. responsibility to your children yes I do. making money is a part of that personal. responsibility when it comes to the. finances that we're talking about it's. what we're talking how much you have to. save for retirement at 45 46 how much is. in save for. retirement 2,000 okay so that's where. you need. sense it wasn't a lot but I did have a.

slightly. higher um I had to cash it out you. cashed out when did you cash out well my. husband was. sick yeah yep yeah that'll happen if you. want to take your investing to the next. level my new investing course is still. on sale until July 1st we're offering. the course for only $97 which is $50 off. you'll get over 55 lessons the best. budgeting spreadsheet known demand. portfolio strategies work sheets. retirement strategies and I'll give you.

a $100 Mumu cash reward when you sign up. with Mumu check out the link below for. more stop buying Sweet Treats people and. start investing what's your hourly wage. one more time $18.90 okay so let's just. forget like the Social Security which is. meant to take care of the kids okay. let's take that 1890 * 40 * 52 okay so $. 3932 a year yep let's just say we save. 20% of. that so we're.

saving and this is I mean this is before. taxes this is before anything where is. it here it. is let's go this is this is just based. on your income let's say you. open open my Mumu. app where I you I'm just going to like. pretend like I'm going to buy the S&P. 500 in here okay you have. $2,000 I'm buying $. 7,862 40 a year once a year for the next.

20 years you're going to have. $369,000 to retire with an 8% average. return that would have to be. a essentially really you're not able to. leave anything but what would you be. able to survive off for the next 20. years after that 18,000 bucks a. year can we do that 18,000 bucks a year. after inflation that would probably. actually be worth. like could you survive off $111,000 a.

year right now $111,000 a year no so. there's the personal responsibility. thing so yes we can fix our actions we. can start getting out of debt sure but. if you don't actually bring in more. money it's going to be longer to get out. of debt longer to get a fully funded. emergency fund and much less to save up. for retirement cuz that's if you start. setting aside 20% pre-tax right now. which we know we can't do. so but not all of us so what I I. discovered was not all of us are made to.

be so I thought I could do certain. things I thought I could make more money. I thought I could do those things I know. you can make more than $18 an hour I'm. not saying maybe I'm not not everyone. can go make $150,000 the economy doesn't. work like that but I know you can make. $2 an hour. more you disagree well I just don't know. if the $2 is worth the 44 five minute. drive both ways that's just an example.

like I know you can do $2 more you could. do $5. more you could in 30 minutes what is 30. minutes what is 30 minutes 30 minutes is. nothing it feels like a lot I drive half. that just to get here and I live right. next to the studio it feels like a lot. well it's. not okay maybe you're right just like. your retirement account is not a lot oh. no I agree so I think we need to like. actually sacrif. well what if you don't have that as an.

option or a choice what if you get. injured well then I get Social Security. yeah but is that that's not going to be. a. ton. no it's what my mom lives off of yeah. and she lives with you it's valid are. you going to live with your kids there's. the sacrificing for our kids thing again. relying on the kids see mhm see how that. works yep it's a circle and you don't. want to be that I don't think that I. don't think it's bad that your mom lives. with you but what if your kids don't. want their mom at that point in their.

lives with whatever they have going on. to live with them you know we don't know. but you putting that upon them as they. have no other choice is selfish I agree. so on this Best Buy card you have. $1,134 48 which for your income is. insane it's insane and that's is one of. the cards we're going to look at $290 of. interest is acre this is going to this. is going to be what kills me we have a. $42 minim monthy payment. what but first of all that's insane for.

your income that's. insane let's. see what where where are. we for your post tax I mean that's. almost 20% of your pre-tax minimum. monthly payment on one of the cards $250. of purchases that's that's what's going. to kill me cuz where's the sacrifice. $250 of purchases on a card that we. can't pay off that is a crewing 20. that the minimum monthly payment is 20%.

of our pre-tax income. rounded what are we doing purchasing our. car that we can't even come close to. paying off that is us with interest why. what are we purchasing because that. that sorry don't be sorry um I'm also. rather blunt. um I honestly do not even remember what. I purchased.

and embarrassingly uh 46 years old with. a master's degree and I didn't TJ Maxx. oh yeah I a Best Buy card what are you. getting that's the worst thing I ever. discovered was that you could use. thats yes it's from TJ marks yeah it's. great we have to get that instead of. retirement no okay I never saw myself. being able to retire anyway I'm going to.

work till 10 minutes after I die you're. choosing you're choosing you're choosing. and what if that's not an. option you're not taking in account. certain things yeah I haven't let's talk. about a health thing cuz I know it's in. here yep you smoke a lot I do how much. pack a day on a good day okay bad day. two packs okay that's wild I know um and. we're being candid right absolutely I. hear you kind of struggling to bre okay.

yep I if health things pop up if you are. unable to work because it's hard for you. to move or something you know if this. habit continues or even if it doesn't. you know with where we are MH what if. you can't work right I that scares me. and again it's not just about you. putting on the kids there is just. certainties just things about your life. as. well I've had no hope I've had no. sorry it's.

okay it just seemed like I'm just going. to live on this planet and do the best I. can and barely survive you're not doing. the best you can you're. right I'm beginning to see that it's. like peeling off the layers of an onion. so you know you you experience trauma of. any kind um death of a spouse doesn't. matter whatever it is sure you lose your. mom whatever happen absolutely um.

and if you're self-aware you start. peeling back the layers of the onion and. trying to regain life and not just. survive but to live and so I'm at a. point where I'm waking up to the fact. that one I've chosen a lot of things. that in the moment were coping. mechanisms right. now right now cuz the TJ Maxx was right. now I don't need to about a few years. ago and we can if you want but I like.

that's not what concerns me what. concerns me right now is that and then. there is a Walmart on here which we know. some are groceries which you also have. self-confessed before this that you. spend a lot on your kids spoiling them. from Walmart I do okay because I think. they've suffered so. much that okay but really but you know. you're just prolonging the suffering I I. don't like to tell them no because I. want them to love me and I have a lot of. mom guilt they're not going to not love.

you because they don't get a toy it. feels like that though I'm sure it does. right in the. moment I still love my mom I didn't get. every toy I didn't either and you love. your mom enough to let her live with you. I do you dragged her from a different. city yes I did so your kids will still. love you if you're a good loving Mom. it's not about yes you get this little. sweet treat because we went to the. store but they like sweet treat oh I. love sweet treats too that doesn't mean.

I always get it you know what me getting. Sweet Treats whenever I wanted to it. turned me into a man with. titties so that doesn't mean it's always. good okay all right $1,500 of Interest. was taken from you this card this month. that's an insane amount of money for. your income situation it's an insane. amount not this month sorry this year oh. this year this year well was slightly. better a little yeah slightly better. than month absolutely but it's an insane. number amount of number amount of.

money this one's also crazy PayPal why'. you take out a PayPal card oh by the way. the last one the last one the last one. which you've had for years and you it. went up initially because you bought. laptops when you in school in 2014 well. guess what it's uh only a couple hundred. away from the credit limit yeah they're. all only I know oh I know so this wasn't. a behavior from 2014. 18 no this is ongoing you're so close.

you haven't made any. progress okay PayPal why are we in the. PayPal why are we in the PayPal. debt because it was an easy credit card. to get yeah but what were you getting. what were you doing what was I getting. um. initially. I don't even know okay again I don't. know okay well we're sitting at.

8,182 entire credit limit is $8,300 $25. of interest is being taken from us which. is. already both of those combined were what. 22% of your pre-tax income is going to. interest on a monthly basis purchases. we're still purchasing on a card that. has rated its Max with the 228 $288. minim monthly payment absolutely insane. kill me now why are we purchasing still. on this card my.

dude what are we doing you can't. I I just see the the balance go down and. I'm like okay I need this thing and then. I get the thing but I don't need the. thing I want what about the minimum. month payment does that not terrify you. right now the two two and oh we have. more to go through but the two is 30% of. your pre-ex. income but I don't just include my. income which has been the problem I've.

been including everyone's income the. social security income my mom that's for. taking care of kids right yes and it. pays the mortgage okay I'm talking about. the minimum payments for the cards you. make yes and why do you get to include. they help pay for bills right your your. mom and sister uh a little bit so do we. calculate that into how much we can. afford for minum monthly payments on. credit cards purchases we've already. done no that's like utilities right yes.

you're not a credit card person I would. are you looking to get a mortgage I have. one exactly are you looking to get a. mortgage. no you I don't give a sh about your. credit then I really don't I can get you. in a place where next time you need a. car we can buy a car in. cash close these accounts they are. dangerous to you they are dangerous to. you I love credit I love credit I love. good.

leverage these are you these are. absolutely destroying you having access. to this is you're you do not have the. control for this and that is okay that. you're not a credit card person it's. okay who gives a sh you're not a credit. card person again just like anyone else. on the show you can use a charge card. like the Fizz card that's the one we. recommend it's usually more geared. towards students but um charge cards it. forces you to pay it off every month but. it makes me me want to vomit the thought. of closing them and I know it sounds.

stupid how are the balances in the mimal. healthy Bay it's in the interest of crew. not making you want to vomit it's making. me want to vomit. HL how does closing them make you want. to vomit more than the 20% of your 30%. of your income that's going to the. safety net there have been times not. recently there have been times where. there has been something where I. actually needed the credit you know why. it's a say the credit I I'm smart enough. to know that it's not my money it's you.

mean credit cards okay if we have to use. credit cards at 46 for an emergency that. means throughout the 26 years of. adulthood you haven't sacrificed. appropriately to save up just a minimal. emergency fund cuz that would have taken. care of you. granted that is not about the credit. cards that's just what you've done so we. need to get you to a place of emergency. fund so you don't it doesn't matter. doesn't matter you don't need credit.

cards okay I realize I'm moving a lot. it's cuz I've drank a lot of coffee I've. also had a lot of coffee. okay we can but I made own coffee it's. good it's a good. habit okay Bath and Body Works it's for. Bath and Body. Works yes Bath and Body Works is not. cheap and I know everything feels like a. sale but it's not first of all it's not. necessary at all and it's definitely not.

Chief I took my kids on an adventure day. and to Bath and Body Works yes my. daughter is 10 and she loves yeah I'm. sure she does. but um I want you to be able to do that. I want you to be able to spend time and. do an adventure day I want you. to you're putting off the paying off. that you're making your deck go higher. you're making your deck go higher and.

again she probably won't remember the. day you guys went to Bath and Body Works. but she'll definitely remember the day. when her mom comes to her and says I. can't retire cuz I've put myself in so. much debt and I can't afford to live I. need your help yeah so that's definitely. not a conversation I want to have but. it's a conversation you very much might. have unless you sacrifice. now we take Adventure days to the lake. we take Adventure days to the park we. take Adventure days to free activities. we don't take Adventure days.

to bring it up our balance on a credit. card oh my gosh these Banes are huge. dude my dude what are we what are we. doing here okay. RB. FCU okay what are we sitting. at. 9,000 $. 6985 $9,300 limit we're just at the.

limit your credit score like what do you. care about credit anyway your credit. score can't be good 650 something okay. so it's not good $102 minimum three. payment $182 minimum the payment so. these are these are stacking like wild. like wild no new. purchases thank you for thank you. finally for the sake of me thank you. well I couldn't cuz it was maxed. out kill me now so you're tell me if. there was a window there to spend $200.

you would have spent. $200 not um. well probably I'll just be honest. probably then you can't have credit. cards right right didn't is that not. self-confessed you cannot have credit. cards yes it is okay chop these up close. the. accounts have a ritual in the backyard. burn them and summon some thing I'm not. summoning anything.

$95 of interest and. 56 this one's definitely lower interest. isn't. it so oh or did the interest just kick. in no no it's still there no I know but. I think the interest may have just. kicked in cuz that's all the interest. that's Ed this year so far or did you. just put a th 9,000 on there oh no okay. then cuz that's all that's been charged. in 2023 so far well they I didn't know.

that's a 12.7% that interest rates could. go up because when I opened that it was. only at. 9% I didn't know even still why would 9%. be considered good you're not going to. beat that in the market usually well I. didn't give about the market what. difference does that make to me then why. does 9% matter it didn't but now that I. see that it's 14 I'm like I think they. did me I I didn't know. that and I have too much pride to sit. here and.

say say I want to say that they did me. dirty by raising my interest rates but. but they did no you signed up for it. that's right did I mean there's other. things do you want to pay for your kids. school college if they want to go to. college I don't push College sure but if. they want to don't you want to be able. to pay for it I want to be able to help. pay for it exactly and you're not even. close to the cuz now with he spend Mony. payments what are you up to 35% now it's.

like I can give the teex certification. to one of your kids through course. careers thank you I you know I'm happy. to do that so you just let us know when. those things are pretty great um maybe. if they one in their 20s so they can put. it on a resume if that's a field they. want to work in. but okay synchrony everyone in the world. has to have a synch synchrony card I. think I've had five synchrony cards kill. me right now. kill me right.

now I let you wanted to go skydiving for. the Post show I did wouldn't that have. been amazing what do you think this is. we don't the business does okay but I. can't just spend hundreds and hundreds. of dollars I thought you on t-shirts. what I accidentally spent $500 on. t-shirts I get that I accidentally. ordered four pallets of um cinder blocks. for my.

house mathematical. eror okay I was trying to line the fence. so the dog wouldn't dig we're not going. skydiving stop it come on we could go. skydiving we're going to have a nice. little talk and we're going to have a. bit or something po six months I have. quit smoking and paid down whatever. amount you say on debt would you. consider let's talk about that at the. end let's talk about that at the end. have you ever been skydiving nope and. you really want to sure well let's talk. about that at the end okay.

great let's get through the synchrony. card first okay which synchrony card is. uh Rooms To Go hi what' you get a couch. what room did you get just a couch nope. not just of course not just a couch CU. again all or nothing over here so I got. a couch and a love seat and a chair and. a rug and some furniture for my daughter. and a nice pineapple your daughter yeah. why. oh the one that lives at home yes oh.

okay yes yes okay. okay okay I mean what what can I say. here like for this how do I know you. won't do this again like cuz you already. know it's bad you already know it's. stupid you can get used furniture that's. actually pretty darn good again you'll. have to go to civilization for it but. U-Haul doesn't cost that much money the. rich people in Austin in like the rich. area they'll give away thousands of. dollars of furniture for pennies on the. dollar cuz they're just like I want this. out of my house I've never been a lucky.

person when it comes to that cuz I hear. lots of people see that I have lots of. friends who do that do you look do I. look yeah yes and I'm not like is that. luck then or is that you just don't look. come on dude come on I don't put in the. effort required to find the deal how. about that is that better it sounds like. you don't even take this seriously this. couch purchase like you were just okay. with it so that's like what's the point. does it matter how do I know you won't. just go and do this.

again I'm not going to do it again how. do I know why why aren't you going to do. it again because I have a moral. responsibility to my children okay what. about yourself don't you care about. yourself as well at all though I do. you're a human being that exists on this. planet you do matter. sure what what gos do you have more than. me what no yeah but what goals do you. have what do you want to. do I want to live on the beach and sell.

umbrellas and just be. okay was that reality or is that I no. that's like fantasy La La Land okay what. are your goals goals are attainable. goals are attainable dreams. goals I have quit making them because I. haven't been able to reach them okay a. lot of people don't reach them because. they don't put in the work and effort. required to get to a goal now that's not. always some life does happen and I know. a lot of life has happened to you.

right that doesn't mean we should give. up on goals cuz I can help I can we can. map out how to get to a goal what's a. goal you had a goal financially a goal. you've had I would like to leave my. children a million dollars each oh wow. so $3 million you need sure for that and. then I have to live apparently.

cuz I don't just stream a little bit and. then every time I've like pretended. or tried to make a budget or whatever so. I'm making all these things right and it. never seems like no matter how much. money I make or what I do or how I do it. or I'm never going to be able to help my. kids I'm never going to be able to do.

this I I get really defeated and in that. mindset of I it up too bad and so if I F. it up too bad why change anything. because it doesn't. matter you would. need to at minimum and I'm using the S&P. 500 for an example let's do 8% to be a. little more. conservative. uh all. [Music].

yeah money's. hard $113,000 a year for the next 39. years bringing you to 85 then you could. leave $3 million I would have to do what. $133,000 a year invested okay to the. overall Market okay giving 8% for the. next 39 years okay bringing you to 85. working hard till you're $85 $113,000 a. year which you couldn't come close to. doing today meaning again higher paying. job is something you need sure you guys. know I'm all about saving money and.

cutting out those taquitos from your. budget but what if I told you you could. save cash and still eat like a king. enter hellofresh your ticket to avoiding. overspending on takeout and cutting down. on food Wass hellofresh makes eating. well super easy and affordable with over. 50 recipes each week There's no way. you'll get bored they handle the. planning the shopping and most of the. prep you just enjoy cooking without the. hassle if you're trying to get healthier. like me hellofresh is a GameChanger I. can whip up a delicious meal in 20.

minutes faster than those budget killing. delivery apps they're fit and wholesome. options are under 650 calories and. loaded with fresh produce making it easy. to hit my health goals with hellofresh. pre-portioned ingredients I'm not. wasting food or money it's a win-win oh. and did I mention you can go to. hellofresh.com and use code Hammer apps. for free appetizers for life one free. appetizer item per box while the. subscription is active that's code. Hammer apps hellofresh.com for free.

appetizers for Life One appetizer item. per box while the subscription is active. so head over to hellofresh.com and use. code Hammer apps and start saving money. and eating better today your wallet and. your taste buds will thank you links in. the description. below that's how you can meet that goal. but it's not statistically unattainable. it just requires your a Beyond a. sacrifice Beyond because that's a lot of. money that is a lot of money compound.

yep just once annually. okay but it is doable if you do that you. how much would I have so using the rule. 50 30 20 it wouldn't be 50 30 20 it. would be like 50/50 yes yeah it would be. 1,83 a month okay until you're 85. minimum. okay okay I mean again you you can't. afford that right now so that requires. getting a higher job that requires.

getting out of debt and also it's going. to be 39 years from when you're out of. debt and have a fully frun emergency. fund so 39 years after that so it's. probably 45 years after you get out of. debt and everything right my mom holds. the emergency fund we have one how. much 20,000 and it can cover you mhm you. can just have it mhm if you need it you. can just be like mhm it's weird but okay. C dependent love family that's what we.

do yeah it's interesting yeah are you. allowed to use it to pay off. debt not at this time why she's not. ready to do that. why because we've never as a family unit. ever had a lot of money so to have that. much money and just spend it all at once. how do we get $20,000 I wouldn't have. you spend it all but how uh how' you get. ,000 uh her mom passed away and left her. a little okay so it's it's never been.

earned it's just been right right I've. never gotten I've never paid off any. debt by earning the money it's either. been through it it's been some. catastrophe and obviously I mean I. wouldn't want you to pay off right now. anyway because what would happen with. your behavior I mean you haven't changed. anything so you would just rack up your. debt again that's why I want your. accounts to be closed you can't have. access to this you do not have the. discipline. necessary you're right I don't I can can. rationalize and justify anything because. that's who I am so the synchrony minimum.

the payment is $97 it is interest free. until 20127 the beginning of 2027. yes and then it'll be 30% another. synchrony Lowe's Yep this one's paid off. though cuz I never need Lowe's and I. can't use it anywhere else okay mhm is. that all that oh nope this is medical. yep what happened to you so two things. one of them is that the Pam. Health huh is that the pam.

P uh postacute medical yes so that one. is for my middle child who's 14 oh he. has a. um his joints and ligaments don't work. the way supposed to really okay yes so. we called it hypermobile while I was. growing up so his joints are not held up. by his ligaments the way they should be. and so um we he did something to his.

knee it was really bad I had to take him. to be tested for Maran. syndrome um so we had to have some heart. stuff and then we had to have some eye. stuff and those came out fine but they. put him in physical therapy it was very. expensive with the insurance I had at. the time it was like $350 a session and. so how were you able to pay for that I. would give them $100 and then they would. put the rest on the. bill and so that one is probably in.

collections quite frankly because when I. go to look at it there's nothing there. I'm sure on their website yeah I'm sure. I'm going to get a letter and I did call. them and asked for a statement and they. gave it this to you you at least made me. get my together so I can see how bad it. is so it does exist it it does and they. they sent me something you know you. could get on a monthly payment of like. 50 bucks with them probably probably. so you don't have it okay you owe.

$1,799 192 but no middle monthly payment. correct I would negotiate in midle. monthy payment just explain your. situation explain your income situation. um and hopefully they'll help with that. and then diagnos di Diagnostic Imaging. yes that same thing no that was for me. uh they found a breast lump wow okay had. to have a biopsy I had to go see a. breast specialist list um it came back b. nine there's a 9% chance however that it.

could be cancerous okay and so in 6. months I have to go back and we'll do it. all over again and if just saying on top. of it though still there I have to have. either a lumpectomy or my preference a. masectomy and um I'll have to have the. money to have that done sure you okay so. you have 283 Su cancer now this is very. personal correct and it. requires oh and it involves addiction.

you're not terrified of lung cancer one. pack to two packs a day also that's. expensive it is very expensive because. that increases your likelihood for lung. cancer dramatically it also contributes. to the guilt I feel and um another. reason that I don't like to tell my kids. no is because I'm indulging in this. thing so I'm I I feel guilty have you. tried to quit a thousand times and it. has not worked obviously what about. waning have you oh no no okay what about.

something that's at least a little less. toxic like Zen or. something no why why. because well you me you still get your. nicotine fixed that way that's true but. it's not just about the nicotine fixed. there's the ritual there's the Habit. there's the I'm escaping from the world. I'm very introverted I'm not shy but I'm. very very introverted so I mean nobody.

looks twice at you if you're a smoker. and you just suddenly leave and to go. smoke nobody cares yeah but if you're. not a smoker and you just get up and. leave people are like she's so rude and. I'm like I'm not rude I'm just done I'm. just done one of my producers who quit. smoking yes uh recommends the easy way. to stop smoking by Allen Carr I've read. it and obviously it didn't work okay. well I'm not an addiction specialist.

I've tried patches I've tried Wellbutrin. I've I'm highly allergic to that by the. way so yeah I've tried it. all okay well listen. I I can't put it in the budget but I. also I'm not an ex specialist this is. something you just got to work on. yourself and find the help you need I. can't do it but you're killing yourself. and it cost a lot what's a what's a. what's a pack of cigarettes cost.

$642 it's cheaper than I thought I smoke. floor shavings as my husband called them. I smoke the cheapest thing I can smoke. and I buy them in a carton what's and. get a discount. cost. $64 how many packs are in a carton 10 so. that covers Us a week and a half yeah. sometimes a week sometimes to a week and. a half okay yeah so you. get like four a month yeah and how much.

are they. $64 it's like $2,000 a year is that's. crazy for your income situation it's a. wildlife. tax yeah okay I don't I I I don't know. much else I can say about I mean that's. that's just on you it's on you. and it's an addiction it's hard but I'm. not an addiction specialist and I know.

that's also one of the harder addictions. but I mean it is the hard I at a certain. point I'm I'm hoping you're putting just. your health over it your personal. financial health over it and living with. your kids over it as well I don't know. if there's like a rock bottom that. happens I quit drinking in drug in 20. years ago now okay by the grace of God. uh and also and that will as well I mean. come on give yourself some credit thank.

you um and it's the hardest thing I've. ever tried to quit is the cigarettes. yeah and I've tried to apply the same. principles I've well you're up to a lot. oh yeah okay so what how many how many. are in a pack 10 uh. 20 so sometimes 40 a day yeah what is. that what is it like three smokes an. hour sure I have no idea you're just go. just go just at work you're you're.

leaving the office like three times an. hour no I only smoke one every hour at. work instead of taking one 15 minute. break I take 35 minute breaks and my. breakfast is a pot of coffee and a bowl. of cigarettes so I mean. oh I sorry I just that like that one. like encouraging your audience not to. smoke yes please don't don't start I'm. not saying vaping's better but they be.

considered that cuz at. least that yes I mean we don't know the. long-term side effects of vaping don't. exactly that doesn't make it better or. worse than smoking I'm not saying that. cigarettes but people think it's a. little. better though not good I cannot smoke. them it hurts my throat it makes me. cough like crazy that hurts your throat. more than I know right. well and really not open to the Zen.

world just popping them in going about. it you know one of my earliest memories. is going to pick up this giant box TV. with my mom and there was this lady cuz. the truck we were in broke down and. there was this lady's house that we just. wandered up to and she was sitting on. her couch with a Cheetos bag in her lap. spitting like as in dipping mhm and it. was the grossest thing I can remember. seeing well doesn't spitting like.

doesn't it like have things that like. cut up you a little like micro Cuts in. order to get it in it's different also. zins aren't spitting though it's not. chewing tobacco it's not I have no IDE. no it's a little it's a little little I. I am not we've talked about this too. long for someone who doesn't know. anything uh about this but I know enough. that it's just uh oh chewing tobacco. diffuses into your blood through your. gums. okay so how is Zen different than that.

you're not spitting you're not spitting. for Zen's. right. no just just a patch you put right her. or and it doesn't look like a big water. dip in L if you put a lot of them in if. you put a lot of them but no it doesn't. okay no I had a dude right there just. you know a couple weeks ago he's like 50. zins a minute and like couldn't you. couldn't tell okay I'll think about it. but again not like that's good anyway.

I'm not opposed to quitting I just find. it very difficult of course I just don't. want to tear up your. lungs okay and then we have a mortgage. $227,900 at a 2.75 interest rate that's. a great rate $1,650 a month yeah oh. again if you didn't have your support. system or the mutual benefit or whatever. mhm uh family with Benefits then you. been afford this no this is aggressively. expensive for your income.

situation so that's all the debt it's. all the debt uh there's some Hospital. debt somewhere I sent. it I had to go to the emergency room how. much couple thousand I think all right. have you negotiated a payment yes what's. the payment $87 okay well good on you. for negotiating payment okay in the. teeken account $2,333. lots of let me be very clear. Amazon.

Amazon uh apologia Hobby Lobby wait wait. wait wait wait wait the those Amazon and. apology are not bull they're my kids. curriculum I homeschool them my sister. homeschools them for me I'm a. principal she homeschools them okay why. is your sister. okay what why. she's the smartest person I've ever met.

and she doesn't work no she does not can. I ask why you can I'm not going to I. don't have an answer for you oh cuz you. just don't know well you're not going to. tell me I'm not going to tell her story. okay it's that okay yeah that's fine. okay and um an Xbox subscription for the. kiddo probably they get an. allowance why you barely get an. allowance H my smoking is my allowance.

but um no that's gross it is gross. instant uh some PayPal PayPal going. inside getting into cigarettes. text tag I mean how many tolls are out. there well to get to Austin you come to. Austin often no okay but I do. occasionally table talk magazine I mean. come on it's a magazine they don't even. exist I tried to cancel that they. weren't supposed to charge it it was. refunded okay I Austin radio what Austin.

radio R oh maybe R Radiology Radiology. it was cut off how much was it uh a. trail going on a. trail Best Buy this isn't even the Best. Buy card we went the Best Buy in 86. bucks video game my hard drive crashed. your hard drive Denny's tabl talk. magazine again no one to credit oh okay. what a credit parking. Xbox again summer Moon I love me a. summer moon but come on I do Moon milk. it's so good the moon milk's.

fantastic but stop smoking you can taste. it more Xbox subscription Xbox. subscription Xbox payment so many Xbox. payments this is all Xbox payments I. told you you're e girl I'm not my. 15-year-old and my 10-year-old are yeah. they love their XBox they do okay I. think they're buying video games like. constantly cuz that's not game get them. Game Pass play ton of games I think. one of them is game. pass the other ones I couldn't tell you.

and then I think the my daughter got. Sims or something but what would that be. xbo I don't that's the Sims Z Game Pass. if I'm not. mistaken beats. me but they have to pay for it okay hi. I'm tell me what this is that is. retirement. $726 correct I just start I haven't been. at my current position but like like 9. months now I'm required to put in.

5% and you don't even have the one for. my. $22,000 the crazy thing is your spending. is not absolutely insane yes sure. there's a little bit of it's. not absolutely insane but your Deb's not. going down your Deb's going up and. they're at their Maxes The Situation's. you're destroying yourself you're. destroying your future. and then there's the hundreds of dollars. in cigarettes and that's the big.

how much do you think came in. net into your accounts versus how much. do you think you lost either via. spending or that's going up so what. comes in is around 5500 what went out. yeah went what went. out 6,000 okay you're closer to the. second one 5,800 went out. in was. 3,890 do you get cash how does that.

happen we got paypals you got Social. Security got. payroll take a little peek sneaky little. peek huh. interesting that's only half of my. Social Security that's one kid okay well. we didn't see the other one hit. mhm Maybe maybe I transferred them at. different times so you get $3,000 a. month in Social Security mhm okay it's.

2838 it's the same amount for each kid. okay well we're only looking at uh in. the accounts sure okay and in the end. that's still more money going out than. coming in is it not oh yes absolutely. that's unsustainable at this point I. there still $700 more going. out yes. I mean it's it's unacceptable straight. up it's unacceptable you're not a child.

I no it's unacceptable you need a. budget go through and all your family. can go through it go through our. budgeting class so you can learn how to. make a budget manage a budget stick to a. budget take all the quizzes take all the. education you also because your guests. get to go through our investing course. which means you get a300 luckily which. is really cool. so but this is unacceptable I mean at. this point I mean you're you're spending. like you just got access or you're. you're managing your money like you just.

got access to money at. 18 yes thank and if you didn't have the. codependence you're negative on a. monthly basis and that's with. codependence if you didn't have your. codependent if your mom tragically. passes away M you know earlier than uh. than obviously we'd. hope I don't know what the you're going. to do and your sister doesn't bring in. income it sounds like so I don't know. what the you do. you'd be.

screwed I need to change my behavior but. I don't know how to do that well we're. going to budget but I think I mean you. make way too little money you make way. too little money we need a budget so. what if I got another job. until a second job yes until I was out. of debt could I financially support. myself yeah it's last time at home if. you can do that I mean you have again a. support system to help take care of the. kids so it sounds like it I'm hoping.

within the next six months that there is. an advancement opportunity at the. municipality I I hope so what would that. go to do you think from 18 to 75 the. year that would be great so I kind of. want to try to stick it out how how do I. know how do you know that's a potential. there. is so as as most municipal go the people. stay there a really long time but. they're going to retire they're talking.

about like retirement. is plans have already been made and then. you have to compete for the job correct. correct okay so it's not a guarantee. correct okay okay so 5,171 comes in. let's get your budget going your debt. minimum payments besides the. mortgage actually uh okay so that's. 1,56 okay on top of the 5,171 that comes. in from your job in Social Security how.

much comes from your mom and. sister. average to help with the bills or do. they just take care of bills on their. own they just take care of bills on. their own okay so we'll just do your. budget then so tell me what you have to. pay the full mortgage. yeah okay. and Social Security that that social. security goes away when they leave the.

house right so I think it stops at 18. I've heard rumor in 1 to 15 yeah okay so. what do you do because I'm coming on. Caleb Hammer because I don't know what. to. do all right reality is hitting real. hard right now oh yeah and it is scary. and the whole breast cancer possibility. thing I would like to die with dignity. at any whenever I go I just want to die. with dignity okay and I want to make.

sure my kids are taking care of and I. have failed miserably well I mean I. don't think you've been a bad mom. there's a difference between finances. and then the entirety of Parenthood this. this financially sure potentially but. there is a lot more that goes involved. in Partin that but the show does focus. on the financial part. yes did you get a tax return this year. yeah yes how much it was about $5,000. where the did that go it's a great.

question I wish I could no no no no no. where' that go I don't it just hit not. that long ago where' it go no no no no. no no where did it go where did it go so. I know I spent $1,200 on curriculum for. my kids cuz I do that every year they. can't go to public school no why it's. it's not allowed I do not like k out no. hell. no it is why don't you like public. school. really yeah I went to public school they. went to public school I I went to public.

school as well maybe you just had a. experience so I I did not have a great. experience oh okay but then moving on. from that I'm not going to project that. on my kids well that's what I was going. to say however uh I love teachers. everybody thinks I'm against teachers. I'm not but the school system is. seriously messed up and children are not. learning the way I believe they should. be taught what do you want them to be. taught they need to learn problem.

solving skills and they need to learn to. think critically not t taught to some. stupid test whether I can take a test or. not do they still have to pass test. though nope not the state of Texas not. in the state of Texas really that is. correct we have so the state of Texas. will allow a kid to graduate high school. with the brain of a three-year-old and. we don't even make sure there's rules oh. okay good but there's no testing how do. we know then. I'm a horrible test taker does that mean.

I'm wasn't qualified I'm a horrible test. taker as well and yes there's things. wrong with public schools and private. schools and there's good things with. public schools and private schools and. homeschooling I think anyone should be. able to homeschool whenever they want. but how what is the check and balance. where's the check and balance CU I don't. it's not fair for a child if they're. graduate with the mental level of a. middle schooler but how do we not how do. we check and confirm where's the check. and balances again I have nothing. against homeschooling but how do we know.

they're. actually learning what they need to. learn so there are requirements that you. have to follow per the state of Texas. guidelines okay good what makes how do. they make sure yeah right they don't. they're they're not checking so we can. just do anything oh you have to teach. them Reading Writing and citizenship and. I want to be very clear to everyone. listening out there I am not against. homeschooling at all this just blew my. mind that there's no checks and balances. and there probably are that maybe you're. not telling me I'm I just told you all.

the rules Texas has the best homeschool. friendly state it is homeschool friendly. and do people take advantage of that ABS. freaking lutely this just not fair to. the kid cuz the kid doesn't have a. choice my kids have a choice they can go. to school I've asked them no well but. like a kid wouldn't have a choice if. like the parent was you you said people. take advantage I'm talking about that if. a parent taking advantage the kid. doesn't know that's valid yeah so those.

are cases are rare I believe I hope so. just a little surprised there's no check. and balance from this conversation there. probably is I want to I'm curious enough. in this subject that I want to go learn. more about it afterwards but. uh that's yeah but there's no testing. there's no like some other states make. you turn in what a curriculum you have. or whatever we don't do that makes sense. we don't do that but that seems so basic.

and I trust me I'm like the last person. that loves an over overly burdensome. government that's not even close to my. thing. uh what the you could just be teaching. them that sticks are blueberries or. something and no one would know okay. well it doesn't matter well I guess it. does but it doesn't pertain to this. conversation that just fascinates. me and I feel like there has to be. something I am missing in this. conversation cuz it's literally only me. talking to you right now and they have.

access to all the internet and other. knowledge that is not being had right. here and I feel like there has to be. something I am missing I don't think so. okay what's your phone bill. 28 how I pay for six phone line you six. yeah who are the six CU I only know five. people your sister your mom y oh you and. then the three kids is that it well I.

pay for my daughter-in-laws but I don't. pay for my daughter daughter doesn't get. a phone yet she's not. ready daughter-in-law does she live with. you no why do you pay because I've been. with Verizon for 15 freaking years and. Company why do you have loyalty I have. issues I don't know why I have loyalty. I've been with State Farm for are the. T-Mobile towers there years I have no. idea honestly if the T-Mobile towers are. good out there switch to helium it's 20. bucks per line so does helium have that.

thing where you can test the phone I. think we tried Mint one time and like. they send you a phone you can test it. out see if it works in your area it. didn't uh but now we live somewhere new. but do you know if helium does that um. I'm not 100% sure uh we'll look that up. afterwards for you though I'll make sure. I just know it uses T-Mobile towers and. T-Mobile towers are what I prefer. because they're the best and awesome. Verizon's usually what I prefer across. the entire country but yeah Verizon has.

worked amazingly well I've never had any. issues and my literally yeah except for. your bill which is how much I can't what. did I two. something hold on 200. 200. 285 okay how much on gas vroom vroom. drive drive skirt skirt Drive uh so I. don't drive a lot it's probably. 150 car insurance car insurance is. $23.91 wait is your car paid for yes.

what is it a 2012 Ford Escape. miles no it's a Ford Edge sorry uh 150. how's its condition uh I just got it. back out of the shop yesterday okay we. spent $3,000 what the how much is the. car worth I have no idea six it was at. six the last time I looked but it's been. a couple years oh at the height of the. of the used car market whenever it used. to show up on my credit karma yeah and.

now it doesn't anymore and I'm sad okay. okay why' you just put $3,000 into a car. that at Bass is worth. six cuz I didn't have six or 10 or 20. what did you need to do what did I need. to do to the car yes like it needed new. shocks and one of the things that holds. the wheels together was broken I don't. know it needed some tires right breaks. yeah. yeah she's going to get me to 300,000 I.

just know it I believe okay so you're. using brain power on that one Faith okay. Faith are you biblical yes sir what's. the. phrase which one open it. up pardon made applicable. 710 it's something like faith of without. action is dumb. faith without works is dead.

there you go you know it so let's put it. so okay. whatever we are basically halfway. through the year and I need to make sure. you guys are saving your money in the. right place in my resources section in. the description below you can sign up. for one of the best high yield savings. accounts there are but you can also get. $300 for free with qualifying deposits. you can also get FDIC Insurance up to $2. million on your money and get four 4.6%. on the money that's just sitting there. it's exactly where I put my money why.

let your money lose money when it can be. making money it's the biggest no-brainer. in the world open up a Sofi high yield. savings account now and get that $300. for free okay TP fund 100 bucks how does. groceries work in this house so my mom. loves to shop so she does like half and. then um I give my sister 550 cuz she's. go and she cooks and so she buys the. groceries okay you don't buy anything on.

top of that so I I was giving myself 200. just to eat. lunch e eat lunch no pack of sandwich or. a super thake do they have a microwave. at lunch at work yes let chef Mike take. the way. okay he gots this push those. buttons how much you give to your sister. 550 okay I'll round it up to 600 so you. can get your own snacks how about that.

okay she's very frugal good Medical. Healthcare yes sir gym uh I have a. yearly like subscription I pay for. that's Fitness and it's how much $90 a. year yes sir okay uh Co how often do you. have to go to the hospital or anything. or therapy or anything so I don't do. therapy um. I have to go to H to the doctor about. three times a year okay so just budget.

that in uh in the budgeting class we. will teach you how to do those random. payments but as long as it's not an. ongoing basis anything else I need to. put in your budget that is not there I. gave you 100 bucks for your TP fund I'll. give you 150 bucks for your TP fund it's. essentially anything else you need to. survive and this includes things for. school and stuff like that which. actually for you might be more I have a. life insurance how much. 1118 that's not through work no that's. separate okay that's separate a month. correct a month okay yeah yeah know that.

makes sense um you didn't ask about. utilities oh yeah you're right how much. I thought they took okay yeah how much. no uh water and garbage is. 113 okay electric is. 175. about internet's 108 oh that is. expensive is that expensive yeah. probably because it's rural though oh I. I thought it was cheap I can get a gig. down gig up for 40 bucks. here really this perks the civilization.

no it's not worth it um uh and then I. pay for typy and then my kids what was. that typy is they learn to type it's a. typing program it's. $9 a month nine nine fine thank you it's. very the only subscription I allow okay. I think they'll just. do people need to learn to type these. days cuz there's like you're kind of. forced to exist on every piece of.

technology don't you just learn by but I. want them to learn the proper way to. type I don't want a hunting PE kind of. thing I don't think they will if they. want to type. quick I'm okay with it my 27-year-old. does not know proper technique he can. hun and Peck real quick is he dumb no. well he's brilliant don't talk about my. baby I didn't I asked the question $. 4,637 of what you need to survive you. actually have a.

window so your debt does not need to be. increasing on a monthly basis if you. actually budget because you have an. additional $533 4 on a monthly. basis and another reason I'm okay with. the typing thing is because again home. is school for them and typing is. something you usually learn in uh like. third or fourth grade I don't I don't. remember exactly so that's a part of it. it makes sense uh typing.com is free I'm. being told oh so maybe look at that okay. we're playing shot collar operation in.

the post show oh I don't know what the I. don't know if I want to do this me. okay are we going to shot Kelsey no. not yeah let's shock the editors I don't. want to get shock okay $533 is which you. have left on a monthly. basis yes so you're willing to work a. second job sounded like I am how many. hours a week extra are you willing to. work somewhere uh as many as I I.

mean4 24 okay 24 I'm going to call it 10. bucks an hour okay you know it's an. extra 240 bucks a. week okay okay times that by 52 divide. that by 12 just to get a good average. extra 1,000 let's call it an extra let's. call it after taxes an extra $750 a. month that's awesome. 750 plus the 533 you got you already. have an emergency fund.

1,283 now if you're willing to change. your behavior cancel your credit. accounts and close you close your. accounts to chop up your. cards I would use $10,000 of that. $20,000 okay. and in fact. that scratch that reverse it I. would take out 11 $. 1,134 and pay off the Best Buy card okay.

okay yes for some reason the PayPal. bothers me so much more well I don't. care I don't care but can you take out. 11,134 from it that you will put back. that I'm I'm going to give back to back. to the emergency fund to the emergency. fund yes can you do this I I can ask I. mean it's a. conversation yeah so are you sure you. can use it as an emergency fund yes I. have this is an. emergency I don't know if she sees it.

that way okay I'll talk to her okay if. you want me to I'll talk to her I'll. I'll how old is she 69 okay can I call. her old yeah I'll yell at that old I. will I'll tell her to use the money if. it's sitting in the emergency fund and. you're considering it your emergency. fund let's do that do you what's the. likelihood cuz I want to know what I'm. doing here it's I would say 80% okay. that she go for it because you will put.

it back don't get me wrong you will put. it back okay I'm crossing out the Best. Buy card and congratulations because of. that you literally have an extra $42 you. get to put towards that on minimum. monthly basis you have $1,685 you can. put towards debt you know how crazy that. is that is so good so what am I doing. from here month number one month number. one I am paying off. basic no I don't want to touch that. medic get get on a minimum Mony payment.

for the uh the 1,700 medical debt but. I'm taking care of the second medical. debt of. $283 that's paid off and I'm putting the. rest towards the the emergency room and. then the second month I'm paying off the. emergency room third month I'm. putting uh honestly I'm paying off the. $1,700 medical debt that will a little. lower at that. point okay what are we on month number. three or four three but why would you.

choose to pay something that doesn't. have any interest over the ones that. have the it's less about interest but. you could Avalanche okay I just don't. think it's right for you just based on. my assessment through this conversation. because you haven't managed that or. managed uh even controlling your. spending in any way whatsoever so I. think the small wins of paying off a. debt okay. will give you a better shot of getting. towards the end than killing a big one. but because of that reality of the. interest rates that's why I use the. emergency fund to kill the Big Daddy.

gotcha okay so from there month number. three throwing everything I can at the. synchrony card month number four. synchron is finished off and throwing a. little bit towards the PayPal PayPal at. that point should have about 2,000 bucks. by the way on a monthly basis now to. throw towards that that should take an. additional four months to pay off let's. say we're eight months into round. okay I think oh because of the. additional minimum you payment on that. it's going to take another 4 months to. pay off the.

RBFCU 12 months and you're out of debt. 12 months you're out of debt and with. the minimum ly payments you have now. that $111,000 you took out honestly. another four months you should be able. to put it back in so that's a year and. four months and the emergency fund is. back up to 20 mhm and you literally have. no debt but your mortgage and I wouldn't. want you to put more towards that. mortgage anyway at that incredible rate. you literally have no debt and a year. and 4 months if you sacrifice if you. budget and you work that second.

job which doesn't even seem possible. quite frankly okay well it is and I'm. going to honestly be pissed if you don't. because the fact of the matter is uh. you're older than many guests on the. show so you need to take care of this. now and two compared to many guests on. the show you get out of debt like five. times quicker than everyone okay with. just a little bit of sacrifice so don't. around it'll piss me off it'll. legitimately piss me off cuz you're. destroying your life and I do not want. to see you you're 47 and a half at that.

point you're 47 or 48 and you're debt. free your life has completely taken a. 180 and you're in an amazing position. where you can start throwing that money. towards retirement and if you want to. work till you're 87 you're able to throw. $1,000 to retirement on daily on a. monthly basis you actually might get to. that goal of that $3 million you could. potentially if properly invested and. you'll sit down with a licensed uh. investor to talk about that you also. learn things through the investing class. if you want to self-manage and who you. should talk to in what accounts to open. but there's a chance here if you don't.

sacrifice right now if you don't get. that other of job if you don't use the. part of the emergency fund it's going to. take like a decade to get there and. that's just a joke you don't have a. decade you don't have a decade in your. financial life to do this you need to. take care of this now this is an. emergency this is a financial death. sentence a year and four months is. nothing to have fully out of debt and a. fully funded emergency fund it is. nothing okay what do you.

think. um I think I'm willing to give it my. best. shot I've failed so many times Kelly I'm. not going to sit here and lie to you I I. you're allowing that you're preemptively. setting yourself up for failure and with. that kind of mindset you're not going to. get there I'm sorry okay that's not how. this is going to work and I'm willing to. check in with you as many times as you. want and need you know iners virtual. whatever ever you prefer I will go home. today and I will close all my credit. card accounts so I can never use them.

again good I. will have a conversation with my mom. about paying off the Best Buy. card yeah today and explain the why and. let her know you will put it. back within a year and a half right. because you're going to go get a second. job and here's your debt payoff strategy. and tell her and then if I don't get the. career advancement that I. anticipate I will look for a higher. paying job yes but you're going to work. the second job immediately yes okay and.

I give you 10 bucks an hour if you can. go find something that's 16 17 18 you. know I've never so how do I navigate. that if you have time I have NOA what so. when I've applied in the past because I. do have a master's degree because I do. have some of them are like well you're. way over qualified we don't want you. well you know like I just need money. don't put the master's degree on your. isn't me you want me to FIP well I mean. you're not no you're not saying I don't.

have a master's degree you're just not. including it if that's the main concern. is they say you're overqualified to work. at a coffee shop or something right like. just tell them just be like yo I. graduated college and I just want to. work an extra job. okay all. right okay your Hammer Financial score Z. out of 10 when it comes to spending a. budget because of course you were over. by. $800 debt one out of 10 cuz it's almost.

as bad as you can get without IRS and. financial debt for your financial. situation emergency fund it's weird it's. fully funded but it's in control by. someone else who literally you have to. go ask to get money even if an emergency. would 100% be funded it's still. weird okay was the $5,000 for your car. $3,000 for your car pulled from the. emergency fund no or how would you pay. for it my mom paid for for it oh she. just paid for it herself mhm okay either. way it's weird so I can't give it a full.

10 out of 10 I'm going to give it a 6. out of 10 cuz it's really precarious. retirement one out of 10 cuz you started. but it's basically nothing real estate. you do have a house and it's a great. rate the mortgage is way too much for. your income if the Social Security you. know once that starts eing and flowing. things get a little weird so your job. situation need to be figured out so. because of that I am going to give it a. 6 out of 10 Hammer Financial score and. when you're took the quiz I mean those. are probably the things that held you.

up Hammer Financial score I'm actually. going to do a three out of 10 I don't. know what you answered for emergency. fund when you did that but I think that. also is pulling it pretty high so hammer. Financial score 3 out of 10 make sure. you check out all the resources Linked. In the description below is they or what. I use or would use in specific. situations including the best budgeting. program and best investing program where. you get $100 for free just for signing. up all in the description below and make. sure to stick around for the zap zap in. the post show here we go today on the.

financial audit post show and I went out. and I bought a shot collar and so. basically the premise of the game shot. collar operation is to play the game of. operation except there's a shot collar. when you want to do that here we. go. okay oh my God. to watch the financial audit post. show click the join button below.