If Her Husband Sees This, He's Leaving | Financial Audit

You lied. You [ __ ] lied. You lied. Who the will ever trust YOU AGAIN? COME. ON. I SAW it in your eyes. Those white. walker eyes. I called that. And the fact. that he can't trust you. Yeah, I. understand it now. Download my new simpler budget app today. and take control of your money once and. for all. Hi there, my name is Kristen. I am 28. years old from Austin, [music] Texas,

and this is Financial Audit. Thanks for coming into the studio. What. do you do for a living here in Austin? I am a social worker at a nursing home. I. social worker, a lot of school, not. always a lot of money. Has done better. in the last few years, but what do you. make? Uh, right now 71. See, it's done better. See, it's it's. doing better now for a lot of the school. that goes into it. And but 71. Okay. So, what's hitting your account on a monthly. basis right now? Um, I get about 23 each paycheck, so.

Oh, probably 46. Wow. Yeah. Okay. So, how do you feel living. in Austin? How are things going? I more recently. Okay. Uh, we're. planning on moving somewhere cheaper. rock, my husband and I. Yes. Oh, this is a duel. Yes. Yes. Okay. What does he make? Uh he just. started working as a behavioral. assistant at an elementary school. So what's the total household.

income? So starting next month he'll start. getting 1,200 a month and then August. 1,200 a month. In August it'll jump up to I think 27. even still. Mhm. Why is he getting paid nothing? Uh he's not quite a teacher yet. So his. goal is to get a salaried position as a. teacher. Um but he's just not there. quite yet. Crazy. So 5,000. 800 comes in on a monthly basis. But for.

Austin, okay, you know, you're in the. median. So. I'm surprised he's so How old is he? He is 24. Okay. Okay, that makes more sense. So we. have a lot of debt. Why is he not here? Uh he's working right now. Uh, okay. So, what is going on? What are we talking. about? I I think I have a little bit more. wiggle room than I give myself credit. for. I I want to get the I don't. What does that mean to you?

I mean, I don't I all of my bills like. there's leftover money and I I don't do. well with it. So, I I want to figure out. where it is. I need to put more towards debt. And. that's why we're here. I have a lot of debt. My debt to income. ratio sucks and it's really limited. How do you have a lot of debt? Uh, I haven't made the best financial. choices. Why haven't you made the best financial. choices? Good question. My husband and I would. love to figure that out. He's kind of. lost a lot of trust in me financially. and there's a lot I need to figure out.

So, it's lost a lot of trust in you. financially. How long have you guys been. together? We started dating end of 21. Okay. So, where was the trust and where. is it now? There were a couple months. last year where uh we weren't meeting. rent and that was kind of. meaning were you making this income? We eventually like we we never were. late. We ended we got help. then. What are you you got help? What's. help? Uh his parents. His parents were you making this income?

Yeah. How are you missing rent? His parents. Yeah. So your father and mother-in-law. had to cover your rent when you make. $70,000 a year. Not all of it. They would cover the. portion that we couldn't. Well, how were you possibly missing? Okay. I'd lose trust in a partner, too, if that were happening, right? Yeah. Uh. so what what was possibly happening? I had to pay my car bill. I had other. bills. Yes. As we all do and everyone else in. this entire literal country, right? Uh.

so what was unique about your situation. when you made above the median person in. this country? I think uh. part of it I think I I want to be able. to refinance finance my car. I have a. lot of credit card debt, student loan. debt, everything. WHY WERE YOU NOT PAYING YOUR RENT? I just once the others bills came out, I. didn't have. How did you not have enough? You just. said you have enough wiggle room. You. just didn't know up your money.

So, what do you mean? You said you don't. Well, I used I was using credit cards. for rent for a little bit, for a couple. months. For why, though? Again, in the. mathematic, what's your rent? Uh, about 2,000 a month. Okay, that sucks. For the 4,600, was he. making any money? Not. He had just moved back. So, every guy is in a $2,000 place at. that point. Cuz if we're bringing in 46. a month, well, at the when I. like that's pretty brutal. But we're. talking about 43 almost 44% of your net. going to rent which is pretty brutal.

Then we have utilities on top of that. Renters insurance is pretty minor. Internet and then all your bills. Yeah, I can see it starting to become hard. So. why are you guys in a rent that was. obviously more than you could possibly. handle? At first I was doing okay. And then when. he came back I kind of fell off the. horse and wasn't spending wisely. And. now we're back. Well, he was he we were kind of long. distance for a second. So, I moved How. long. distance? Uh, he was up in Wisconsin. That's where. we. Yeah, that's long distance. Yeah, that's where we met. So, he was.

finishing college up in Wisconsin while. I was establishing down in Round Rock. cuz I got a job offer. Um, I actually. lived with his parents for a couple. months while looking for an apartment. Found an apartment, did well, and then. What was the price of that apartment? 2,000. Yeah, it was that apartment. It's the same. Yeah. So, what went wrong? How did it get bad. once he got here? That doesn't make any. sense. Um he was still looking for work. and then when I first moved into the. apartment other credit cards I only had. one credit card. Yeah. What does a credit card matter.

unless you'reing it? Yeah. So they got spent. Yeah. They got spent on and then I had. more bills to pay with the with the. money that was coming in. Why were you spending more on the credit. card than you could possibly. I and I honestly didn't even think about. rent until like it was close to do. And. then I'd realize, oh shoot, I I don't. have the rent money to pay. Are you saying he your husband husband? Yeah. Is lost trust in you. And it's because. of this. Uh.

what does this look like? This loss of. trust. That's crazy. You guys are barely. married. You couldn't have gotten. married that long ago. in October. And he's losing trust in you. Well, what does that look like? It was. during our engagement period where it. was like I don't think we're going to. make rent and that's when he. did you guys make it past engagement. love. But he told me um when we started. not being able to make rent. He was like. what do you mean we've been fine? That's. when he found out that I was putting.

some on credit cards and he was like. that's when we got our joint account. officially started cuz he was like I. want to see what money is coming in and. going out so I can figure out. you guys are starting to become. combined. Yes. Single household. Got it. basically. And now he runs the rent account. So. he'll take out every Yeah. So he. with his bank has a rent account that he. So you needed him to come in and rescue. uh he wanted a roof over his head. So he. Well, preferably Yeah. Why couldn't you. even be considered close to responsible. enough to deal with it?

Well, I'm responsible enough now to make. sure that there's 500 each paycheck that. he. 500 each paycheck. Yeah. So we each contribute a,000 to. meet the 2,000. He only makes a thousand. Yeah. So all his money currently goes to. rent and he doesn't have he has some. but he had to take this over because you. could not do it. Correct. Uh but. so this loss of trust then is obviously. critical. I mean you guys are trying to. make it in a full marriage. What does. this loss of trust look like today? What. are you like not allowed to touch? Like.

what what does it look like? Well, at. this point, I've been as soon as my. paycheck hits, I will pay all of my. bills and then we have a little bit left. over. He takes the 500 out immediately. each paycheck. Yeah. But what does the lack of trust. look like? It's gotten better. No, it's not. For the most part, because I'm able to. divy out the. Yes. But what does it look like? What is What are you talking about? It's. It's better. It's better, but what does the. relationship look like with the lack of.

trust? You told me he doesn't trust you. There you go. Thank you for an actual. answer. He questions a lot of my spending. And. you know, I I'll go to him. I'll be. like, "I'm thinking about going to like. get my nails done or something." And. he'll be like, "Why? That makes no. sense. That's $60 that you don't need to. spend. Go. see how this is um. a lot of Whoa. My a lot of paperwork. Whoa. So, I I usually, not that he. requires me to, but I usually run any. like anything coming out of our joint.

account, which is where I spend all my. money. But you said lack of trust. Trust me, I run everything by him at this point. Yeah, but you are. He's not asking you. to, right? He prefers that I do. Okay. Yeah. He checks the joy out almost. daily. So, that's So, it's not that a privilege. was taken away, right? He just monitors everything a lot. more closely. Um, so so that he doesn't. have to ask if he sees something that I. didn't tell him about. What about the before you guys got. married? What about the 27 years leading. up to that or the nine years of.

adulthood? I have never been great with money. I. started working when I was 16, financial. situation growing up. I. I've never really been frugal with any. money I've got. Then how did you guys's conversations. with money go leading into the. engagement, leading into the marriage? Well, when we first moved in with each. other, uh, I didn't have to pay too much. in rent. He It was only I only paid 20%. of the rent. So, that was about $200. And that was 20 $200 was easy to pay.

So, yeah, but your communication with money, you guys. So, you had to require him to. you guys didn't talk about what your. guys' finances were like. No, not until we couldn't really hit. rent because there was nothing to. question. There wasn't. Why does it have to be questioned? You. guys are getting along. Everything was fine. Everything was fine. But wouldn't you. want to know what your significant. other's finances look like if we're. headed into a lifetime? I knew he was good financially. Does he have any debt? Uh, student debt. Yes. Uh, federal private.

I think both. Okay. But he's only paying his federal. His. parents are doing his private. That was their agreement. So, their agreement. It's still. interesting dynamic, I'm sure. Why did. you have to borrow so much school? Is it. a public? Uh, no. Oh, it's a private school. Oh, okay. Okay, great. For his $1,200 a month he. makes. That's wonderful. You guys didn't. communicate. So, I'm not surprised that. there's a lack of trust now. But who's. surprised? No one's surprised.

Well, at first there wasn't really much. to talk about cuz we were doing fine. So, we just assumed, oh, we're all good. There's nothing really to question. And. then once we were able to make rent, it. was like, oh, now we have to question. it. Well, what's an interesting dynamic. that I'm starting to see already in this. and kind of why I wish he was here. Listen, he's not making much money. His. parents are paying for his federal. student loans. His parents jumped in. when you were not able to pay your rent. on time. Are they helping in other ways? Right now, they pay for groceries, but. that's. they pay for groceries for a 28-year-old.

who makes $72,000 a year. They seem happy to do it right now. I'm sure THEY SEEM HAPPY. I'M NOT saying. that they are evil, but what they. probably are doing unintentionally is. enabling your stupidity. You bring in household $5,800 a month. Six five uh 4,600 from you. Do I have. all household expenses or just your. accounts? Um I mean he doesn't.

Do I have any accounts of his. mine? But there's nothing that he's. paying for that is. But so there's no other accounts that. he's spending in. Uh, he has like his. personal account, but that's that's his. own. Okay, so 4,600 comes in. How much did. you spend last month? Probably that much. Why would you still be in debt or going. into worst debt? I I don't know how much. I can't put a. dollar amount on it, but. You have no inkling of what you spend on. a monthly basis? Probably about4,500. Okay. 6,900.

Okay. You spent 6,000. You b it was basically. $7,000 and you bring in 4,600. You do. not leave this studio until you download. the simpler budget app. Okay? Cuz you get the premium version so it. automatically connects your accounts and. everything. Okay. Okay. All right. And there's the community so. that you can ask questions to everyone. else as well. Where did that number go? What else did. I spend there? Oh, we're going to go through it. You. better believe it. But that will tell. you. You will never not be able to. answer exactly how much you spend in the. previous month. You will never not be.

able to answer where that money went to. You will build up the categories. will. be automatically connected. You get it. for free. They get a free trial before. they commit to the premium version, which the free trial is good anyway. But. either way, you get that. And just like. those who sign up for the annual. version, I send them a founders edition, one of these all signed. You will. journal your budgeting process and you. will bring that back on and I will read. it. Okay. When you come back on the Financial. Audit follow channel, okay?

Okay. Okay. Will there be like any. wiggle room in the budget for like fun. or are we all focusing on debt? WHAT DO YOU WANT TO DO? I mean, I want to be debtree, but I. Well, then what the are you TALKING. ABOUT? HOW ABOUT YOU HAVE FUN AFTER you. get out of debt? How about you already. had fun and that's why you're in debt? How about it's time to grow up? It. already looks like you're graying. anyway. Okay. Well, I mean fun as in like, you. know, twice a month, nails done, hair, you know, I don't party or anything. I. just. even against it. Do some strap on nails. That's not what they're called. Glue on.

nails. Press on. Yeah, press on nails. Okay, I will work on it. But I don't think I spent that much. I. can't think of how I would spend 2,000. over. because you don't budget. You don't. track your no [ __ ]. Used to budget, but. Well, congratulations. Used to is used. to. Why the did you stop? You know, maybe it should have been a. sign when our literal mother and. father-in-law had to pay for our food. and rent that maybe we should budget. again. How long ago did you budget. in college, my undergrad?

Why' you stop? Well, I budgeted actually a little bit. before in before I moved into the. apartment in October of. Oh, good. Now we have a massive rent. I. think we should stop budgeting. What the. Why? Well, I budgeted to see because we had. two apartment choices. So, I budgeted. the month depending on the rent of each. place to see where we could land. Why don't you budget on a monthly basis? The why? I'm not good at following it. So it. doesn't make sense for me to sit down. all the time and plug in all these.

numbers and then. but you'll never follow it up if you. don't sit down. You you sit down, you. see what you did and you adjust it for. the next month. You build out your. categories dependent on that. Yes, action is required. Well, you think you. just build it out and it just happens. Well, I get that, but I would also. budget and then it like if it went a. straight, it's not like anything bad. happens. So, I was like, oh, well, we. don't really. you spend $7,000, you make $4,600 that a. month. Nothing bad happened. This You. have an absolute Oh my Listen, I don't.

see the paperwork anymore before these. episodes because I like to go in blind. with the audience and find out what they. find out. This is waying thicker than I. thought it was. That has [clears throat] heft. This is. crazy. It could be bigger. I mean, I spend. It could always be bigger. Are you. [ __ ] my bills on time and everything? So, I mean, will that be true? I mean, it's been true. True. Yes. Yes. It'll. [ __ ] better be. I will lose my [ __ ]. if it's not. And I don't know cuz I.

don't go through them again before like. I used to. I will lose my [ __ ]. That's what I mean by it. It hasn't been. bad cuz I pay all my. Your minimums doesn't mean your debt's. not going up. Yeah, I only pay minimums, but I mean. they still make them on time. What do you think your finances are. today? 0 to 10. Zero being the absolute. worst, 10 being the best. I got to get. into this fat stack of documents or else. we'll never get through this. Where do. you think you are? Two and a half. Okay. If you want your Hammer financial. score, check it out. Take the quiz and.

we'll tell you exactly where you stand. at caleb.com or click the link in the. description below. And if you want to. come on the show and I'll give you a. financial beating, give you a wakeup. call, get you connected with all these. resources. You get to meet the team. Have a good day here. Go to. calebmer.com/apply. We'd be happy to have you here. Here we go. Chase Freedom. the freedom. to up our entire marriage with a $2,490. Oh my. You are literally literally $9.

away from the max. He's lost trust issues. Who would have. thought? I haven't spent on that in a couple. months. $2,490. You You can't You literally can't. Except for like a $2 or something. You. literally can't. No [ __ ] That spending. probably went to a different card. It. had to have with the amount you spent. last month. I don't think so. It had to have. We will see. We will. see. 240 or $2,490.69.

with a minimum monthly payment of $80. Okay. So, what was the purchase on here? All this interest acrewing. Rise. I think that one I don't remember. why I got it initially, but less than a. year ago, I used it to get hair. extensions. before a cruise that I went on with my. husband and his family. All right, I'm going to bring in some. cash. Can I have some cash? I'm going to. bring in some cash. I'd like you to do a.

little math. How much did it cost to get. those hair extensions? What was the. amount that you spent? The install was $1,800. Okay. And guess. what? We're going to do a little math. Here's a big fat sack of cash. So, what. you're going to do is you are going to. lay out for me and count out for me. exactly how much that will cost in the. end with your minimum monthly payments. after you only put your minimum monthly. payments to it and interest acred until. it is paid off. Those hair extensions, count out exactly what you think it is.

You have I need to do the mental math. So, no. Go 100, 200. Two, three, four, five. 15 16 17 18. Okay. So, you think it'll cost 18? Well, you said hair extension. So, are. you asking the whole card? That's basically what the card was. How. long do you think it'll cost you total. once it's paid off? Only doing the minimum two payments. 18. So, 19. That's 2,000. At least 5,000. My guess probably.

55. You're okay with spending $5,500 on hair. extensions one time. That's what you are. in the end. That's what you are in the end. Well, those were paid off. No, that's what it is in the end. Your. card is all the way up. You just. replenish and push it all the way up. So, in the end, the way the math works. is your one time hair extensions you. think is 5,500. That's worth it. One time you'll pay for. hair extensions 5,500.

But we won't pay rent. We'll pay 5,500. for hair extensions, but we won't pay. for our own groceries. Well, I didn't even I don't I didn't. keep the hair extensions. The hair. extensions were only in for like. So, it's even So, it's even more stupid. 3 months of hair extensions was worth. 5,500 to you. Well, after the SECOND. IS IT WORTH 5,500 to you? That's what I'm No, that's what I'm. saying. That's. Well, guess what? Either way, 6,000. That's what it's going to cost you by. the end. 6,000 with the way you're doing. it. 6,000 for 3 months of hair. extensions. Congratulations.

That's why I took them out so I wouldn't. keep spending money on them. But guess what? YOU ARE STILL SPENDING a. total of 6,000 on them that are already. done in the trash. Gone. You don't care. Oh my. I care. That's why I took them out so. that I keep having to acrue all this on. the credit card and just focus on paying. it off. You're not You've only made the minimum. It's $9 to the max. What the are you. talking about? You haven't focused on.

anything. You haven't done a single. scent of focus. You don't know what a. focus is. Never focused in your life. What are you talking about? $9. $9. Guys, this is pretty exciting. We'll. zoom in. Let's talk about this for a. second. Okay, so I do a little bit of. negotiating here and there. Uh, you. know, when we're having sponsorships and. stuff like that, and you know, I've been. working with Mumba for a while, and I. got a little special negotiation for you. guys cuz I wanted to get you free money. because if I get money from them, I want. you to get money from them. And then, you know, we're all happy. And the thing. is, what I got was exactly what I would.

want to get if I were putting money in. an investing account. Immediate returns. on investment. So, RIGHT NOW, I GOT for. you guys, and only you guys, literally, no other creator has this. If you. deposit $2,000 into Mumu, you get an. instant $150. and then 8.1% APY ON that money. That's. like a 16% return. It's crazy. It's It's. absolutely awesome. Get the free money. now. link in the description below. Let's do this thing. Let's make some. money. Focus. You focus. There's no.

focus. How long have you been focusing? No. $9. That's the focus you've done. $9. of focus. I I used to pay above the minimum. payment, BUT YOU KNOW, $9 [screaming]. ON TIME, LIKE day like days. It doesn't matter what you've done. before. There's only $9 available on it. So, even if you did more than YOUR. MINIMUMS BEFORE, IT DOESN'T matter cuz. you immediately replenished it with.

purchases cuz there is only $9. AVAILABLE. AND I'M NOT EVEN spending on it anymore. So, THAT'S WHAT I'M DOING LADY. WHOA. WHOA. How do I get that through to you? You. can't. I know. I THE. THEN DON'T JERK YOURSELF off over not. spending on it. You literally cannot. You couldn't even go to [ __ ]. Applebees. Could a FELLOW TAKE A GAS?

And I don't plan to. Cuz you can't [screaming]. show. My gosh. How long does this take to pay off with. the way you're doing it? I probably a lot of years. Oh, that's a great number. At least five. 10. Yeah, I want I I can pay it off quicker, right? Yes, but you're not.

I will. I just. There is no indication of that. You. spend 7,000. Bring. I could round up to the nearest 100. extra 20 goes towards it. Girl, boy, your husband's parents have. covered your rent and pay for your. groceries and you spend more money than. you make still. Shut the [ __ ] up. You're not going to get out of it by. saying I will. You would have been doing. that. Don't pull that. That is not how.

this conversation's going to go. Oh, Freedom Classic. Chase Freedom Classic. Okay. I didn't know there was multiple. freedoms. Well, yes, I did. 4,369. These balances are insane. $4,369.31. with a minimum monthly payment of 148. Okay, that's also starting to stack. pretty aggressively. Oh my [ __ ] It's. only likeundred. $130 from the max. So, not much you can. spend here either. Good. And you didn't.

But you only did your minimum monthly. payment. $105 of interest. What is going. on here? What is this? That was my very first credit card in. college. Oh, so we better never pay it off. What have you spent on this? Random stuff, probably. I. When did you bring it all the way? I thought that was the rent that we were. talking about. Oh, this is where you put your rent. Part of it. Yeah. No. How much rent did you put on this? That one. I think probably two months.

When was the last time you had to put. rent on this? I assume then the parents. stepped up. Like almost a year. It's been several. months. And then the parents stepped up. Okay. [snorts] Oh, what do they two? They. come on. they helped only like they only helped. once and then said we're not helping. after. What is their genuine opinion of you? Do. you know? Do you even know? Yeah. And. they love me. Yeah. They love me. I love their son.

But do they respect you? Yeah. I I think they wish I'd do better, but they love me. Yeah. the person that's. can I have a kid with her son. first credit card that I put the the. rent on. Who Who are you moving this. conversation? I don't think they respect you. They. cover the rent. once. You're the bread winner. Yeah. After you. put it on a credit card and now they pay. for your groceries. You just got married. in October. How could they have a.

positive opinion about you? It sounds. brutal, but how could they? Like. genuinely, how could they? Because outside of my finances, I'm a. decent human. I. No, I'm sure you're a decent human, but. look what you're having to do. You're. milking them. I don't want them to keep doing it. I I. Then why do you allow them to? Because I still have to eat. You still have to eat? Why can't you pay. for your own groceries if you make above. the median household income in Austin? Not household, but medium salary in.

Austin and the United States. Your household is though as well. I have bills to pay with the credit. cards and my car and rent. Yeah, but those were your choices that. you got into. So now they're bailing you. out. How could they respect that? How. could they want their son to be with. that? Their son gets with someone and they. already have to bail that person out. They agree that we shouldn't be in this. financial situation. I'm sure they do. Yet they enable it. Just until we figure our stuff out,

which you never have. and clearly have. no actual push nor incentive to do so. because they literally pay for youring. groceries. Just that. Yeah, that's a pretty big thing. But they. also pretty reoccurring. forever. Yeah, cuz like I said, right now my husband. just makes enough for rent, but in. August it'll go up. And. look at you. We'll be fine. Look at you. You make a great income.

Mhm. That doesn't [ __ ] matter for a. single second. Him bringing in more money won't matter. for a single [ __ ] second. You make. great income and then you blow it all. and more. He doubles the household. income, let's say, in a decade. Doesn't. matter. You triple the household. spending. Look at you. That's what. you've done.

Doesn't matter if he brings in more. money without the change of behavior. And I I I'll change my behavior. I. And why haven't you? I. I can say I would do a lot of things, but if I haven't done a single inch to. doing any of it, why would anyone. believe me? Why would I believe you? I've had good stints. Like I'll go on. like like two months I'm solid good. You know that makes you look worse, right? Because that means if you do well. after this, I have no faith you. continue. And I don't love that. I want.

to be consistent. wants. Okay. So, what have you done to. fulfill this want? I by nature I'm just impulsive. So, I I. Yeah, but you have to constrain you then. by either not you need either need to. remove access to the credit cards. You. need to again budget actually see where. your money is going. It literally tells. you the day of. I've been meaning to just shred the. credit cards. meaning to. But again, this is lots of I've been wanting to or. I'm going to yet none of it has ever. happened. Not one time. I have scissors.

You can cut them up at the end if. you'reing brave enough. How long does. this take to pay off? Probably that 10 year mark. No, that gray is going to extend even. further down your scalp. It'll be 15. And that's just with the minimum. payment. or even if I pay above. just the minimum, which is all you do. Borderline maxed out. All righty. Fill a. couple tanks and you're done.

I think I have a little bit more wiggle. room to pay above. I just need to figure. out what that. girl $7,000. Sevening,000? What are you talking about? I don't. think I spent that much. We weren't ever. in the red or anything. It's math. It's math. It's math. It's math. Okay. How much debt do you have?

Just student loans is. How much debt do you have in total? I'm trying to calculate because debt is. 90. Probably about 150. You're okay with that? It's 160. It's. 160. And you say we haven't been in the. red. Your entire life is red. You're not a credit card person. obviously. So I do what many in the. audience do and all other guests and use. the Fizz card. So at least it only. allows you to spend what's on your. checking account.

Slate Edge. That was my second credit card. We owe $4,5550. with a minimum monthly payment of $40. Another 15 years. gone. No purchases, no interest. Is this. interest free? Again, this is basically. maxed out by $145 less. I think it's interest free for a certain. amount of time.

And I that one's I got in December of 20. or November of 23, but my sister had. just had a baby in Oregon and I it was a. whole family reunion kind of thing and I. wanted to be able to go. So, were you making money yet? Yes, but not enough to pay the whole. trip. What was the trip? It. Well, I had to get the flights for both. me and my husband, rent a. [clears throat] car, hotel, an Uber a couple times instead of. renting a car the entire time. Well, where we got. that max out the [ __ ] car? No, there were probably other spend.

spend and that also rent probably went. on that card as well. Rent moreing rent. Are you kidding me? Fees. Was this a transfer? What are the. fees? That must have been a late. payment. I've never late paid on those. What is the fee then? What is the number? 40. this year so far. Is that not just That's my minimum. payment. No. A fee has been charged to you of. 40.

Would that be the interest? It was the previous one. I don't pull up. the thing. I'll show you. Pull up the. app. I will show you. No, it is not. interest. It is interest free until. literally 4 months from now. I. Please tell me it's not deferred. Okay, it's not. Jeez, it's going to be 28.24%. interest once it hits. That's crazy. But as far as cuz that card I had used. one Oh, I guess it was a late fee. UM, BUT LIKE. YES, I TOLD YOU. IING TOLD YOU THAT'S.

ALL IT IS. THAT IS ALL. I TOLD YOU. YOU. LIED. YOU LIED. You lied. You [ __ ]. lied. You lied. YOU [screaming] LIED. HEY, HE CAN'T TRUST YOU. I CAN'T TRUST. YOU. WHO THE WILL ever trust you again? CUZ YOU DON'T EVEN KNOW you're lying. Tired of phone bills that only seem to. add stress? We've all struggled with. plans that are too costly and complex. But there's a solution. Today's sponsor, Helium Mobile, is here to change that. They offer affordable and.

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things and the justifications you have. used, I knew for a fact at some point. there would have been a late and it was. literally just a month previous. COME. ON. I SAW IT IN YOUR EYES. THOSE WHITE. WALKER EYES. I saw it. day. It didn't like. Yes. AND THAT WAS LATE. YOU GOT A $40. FEE. $40. HEY, YOU HAVE AN INTEREST FREE CARD. DOESN'T MATTER. LET'S LOSE THE INTEREST. ANYWAY BY FEES. WHY ARE YOU LATE? HUH? I probably just forgot to.

WHY WOULD YOU FORGET? WHY DON'T you have. our paying. liar liar? [screaming]. Well, I get paid on the 10th. So, I just. go through all of the bills that I have. to pay in that pay period. I probably. just forgot THAT ONE. DON'T FORGET FEES. Fees. are being added. Liar. I called that. Iinging called. that. I've been through enough of these.

now. I know exactly who would have a. late fee. It's you. One day is not horrible. Doesn't matter. It is a $40 thing. You. are in an interest free period. That's not that I don't have a habit OF. LATE PAY. I DON'T BELIEVE YOU. I simply can't I. can't believe this statement. You told. me there have been no late fees and I've. seen that this year so far there was. one. We're a couple months into this. year. I don't believe you for a. singleing second cuz either you're a. liar or you don't know what you're.

talking about. And the fact that he. can't trust you. Yeah, I understand it. now. Jeez. The you're on an interest free. period. You may as well take advantage. of that. But you just lost you lost it. You lost it by letting that a fee. accumulate anyway. What's theing point. at that point? There is no point. There. is no. It doesn't make sense. It doesn't make. sense. I I just don't understand why.

even. trying to think of what else went on. that card. I think it was it wasn't. I don't. the Invisalign. That was probably the. other thing. Is that why I hear a list? So, so I have been uh. paying trying to pay it down so that I. can. continue making the monthly payments for. everything, but. I don't habitually just I don't neglect. it. That's what I meant by paying.

You don't habitually what? Like neglect paying. That's what I meant. by. You might not habitually neglect pain, but you act like a [ __ ] Tell me the. incorrect information. Oh, it was an accident. I didn't I mean I. didn't. Yeah, but how many more accidents are. there? Cuz you don't even know. What? They're they're telling me that. you want to do even more elective. cosmetic procedures on this car. after everything's paid off. What? What? I had braces so they're like around the. brackets. It can.

something with the calcium or whatever. What are you going to do? Just fixing a couple chips. Oh my gosh. How much is that going to. cost? You don't have money. I haven't even entertained it cuz I'm. not going to pay for it yet. [panting and sighs]. Your parentin-laws [ __ ]. pay for your groceries and yet you just. choose cosmetics over actually leaving. an independent life you did with the. Invisalign did with the Invisalign after. you've already had braces anyway.

Well, I was getting married. I needed to. You need brain cosmetics. You need brain. cosmetics. I'll pay for three free. therapy sessions from Sandre mind. Our. audience uses them. I use them. It's. good therapy. And I'm going to need them. after this conversation. I can already. tell this is a blood pressure kind of. conversation. I can already tell cuz I. have a [ __ ] liar in front of me. What. are we doing here? It wasn't an intentional lie. I just for. day. I can't trust that. It's $40. It's. $40ing on an interest free card. It's be.

$0. That is the benefit you are getting. And it's literally if I saw it for last. year, who even knows what I would have. seen because now I'm seeing only for. 2025. If I saw 2024 for all your other. cards, I bet I would see late payments. with how you did only. It's just a day. late. It doesn't matter. Yes, iting. does. It is $40. Stop. Stop it. Get some help. That card's 15, the other's. So like, are you talking on top of each other? What? Like 15 + 15 plus 10. So that's.

what. 40 years I'm going to be spending on. paying off credit cards. Are you. think that's how are you [ __ ]. What are you talking about? You think. they [ __ ] hold their 15 off until you. take care of the other 15? I see. I see now. I I see what now. No, I get it now. I get it now. Oh, [ __ ]. Oh jeez. [snorts].

[clears throat]. Like I said, I think. this [ __ ] conversation's a special. little conversation, isn't it? Or we're. we're here. We're just going to I'm just. going to move along. Just going to have. a little little move along. All right. What am I talking about next? Synchrony. Yes. That would be either Care Credit or. Ashley furniture. Ashley furniture sucks. I needed a couch for the apartment.

Little titty. It is. $3 from the max. Three. That's the careing dollars from the max. What are we doing? That's the probably THE CARE CREDIT. IT IS THE CARE CREDIT. YOU DON'T HAVE TO. SAY IT'S THE CARE CREDIT FOUR TIMES. WHAT ARE WE DOING? UH, I use it for the. vet and I used it a couple times for. dental stuff. I assume no pet insurance. And what is. wrong with your teeth? You're always. teeth. Everything is teeth. Well, I had some cavities I had to get.

filled. So, and those AREN'T. NO MORE CANDY. I haven't had any cavities since. $89. Well, you're still paying for it. Congratulations. So, it's basically a. financial cavity. It'sing you. You need. a root canal now. You have $3 off. available. It's another 14 years to pay. off this. 14 years to pay off this $89. minimum monthly payment. Wait, no. Wait, no. No, no. $250 of purchases. $250 of. purchases. $250 of purchases. Why? Why? My dog went to the vet last.

Why do you not have pet insurance? Cuz I don't go super often. So, I don't. want. That's why you have you you have health. insurance. You probably don't go to the. emergency room very often. Well, I have [laughter] It's like $80. What do you think insurance is? Yeah, maybe. I don't know. Age and health. I I. Age and health. Oh, my dog, he is Well, I have two. I. have a 2-year-old and he's healthy and. Okay, that's probably like 45 bucks a. month. That's healthy. Okay. And that's probably like 45 bucks.

a month. So, we generally only like once a year, so it's I'd be paying more to have the. insurance. YOUR LITTLE YES. TWO YEARS IN. Two years. in. THEY HAVE MANY MORE YEARS. HOPEFULLY, those will pop up. WHAT ARE. YOU GOING TO DO THEN? YOU HAVE NO MONEY. YOU HAVE THREE. You have to I'ming. infuriated. Who? What? What are you. looking at? What are you What are you. possibly looking at? Wait, I'm not I. don't want to see a picture of them. No, look at them. Oh, wow. It actually is a picture of. them. They're cute. They're dogs. I love.

them over there. That's Congratulations. Maybe you should actually be responsible. with them. H how are you going to afford. a big surgery if one of them eats. something bad? That's what happens. Trust me. H What are you going to do? $3 a. like $10,000. Huh? Yeah. How are you gonna do that? I don't think a average. You're gonna let them die. You're gonna. let them die. You're right. The average. person can't. That's why we do. Pet. insurance. I would find a way to save my dog. You just said the average person. couldn't. Yes. I will tell you the way. Pet. insurance. Laying around. Pet insurance. Pet insurance. Pet.

insurance. Are you actually What the are. you doing? Are you incapable of hearing. that word? No. I will look into pet insurance in. your budget. Perfect. It'll go in my budget. And. I'm just thinking that pet insurance. they would have covered like I mean once. you hit your deductible of course. but don't you have to pay upfront and. then they reimburse you. So either way. it would have. like most insuranceances except for like. health insurance. then it'll I'll look into health or pet. insurance for my children. Well the $250 is deferred luckily kind.

of. Oh. Oh deferred. [gasps]. No. Oh no. There is deferred interest of $87 on a. small $39 purchase that is about to hit. in two months. Two one month. One month. Oh, one month and one week. Mhm. [clears throat]. Yeah, the Care Credit does that. Yeah, the Care Credit does that. Yeah,

the plan was to pay it off. It just it. the you you've had so many plans to do. things other things come up. That's why. you don't put it on deferment. If you're. putting things on deferment, everything. will always come up eventually that. you're not expecting. That's what life. is. Then everything will be infinite. deferment. You irritate me so much. You always have. a plan. Then the plan never works out. And then I'm going to do this and then. you never do it. Gosh, I don't know. I. don't know. It's deferring at uh I don't. even know the percentage interest rate. Oh. Uh 32 32.99. That's great.

Just to even give you an example how bad. that is. I just negotiated a new deal um. uh just for one of our partners. This is. like talking about money and how it can. actually grow, right? So, Mumu, I always. talk about that for our investing thing. Uh the thing I think I just got and I. think we just signed on it. It's like I. put $2,000 in there, right? Or remember. the audience puts $2,000 or you do what. it doesn't matter. Anyone can put $2,000. in. They literally get $150 immediately, which is a great return on your.

investment. It's like 8%. Then there's. an 8.1% APY on there. That is an. incredible investment. That is like a. 16% return on your money. It's unheard. of. It's better than the stock market. It's incredible. Yours is twice as much as that. That's. howing bad this is. What a joke. You're. just going to let her hit. Do you. understand deferred interest? Yes. It that one was So I paid. Explain deferred interest to me. [clears throat] Interest isn't applied. until six months later. And it won't be.

applied if you pay off everything. Then why aren't you paying off. everything within those six months? Oh, guys, cuz unexpected things happen. Well, yeah. And part of the reason I. have to use that is cuz I don't have it. at the beginning. It's no longer unexpected if it's. expected because it's expected that. unexpected happens. So, what do you do. if unexpected happens? If something pops up with my dog, then I. emergency insurance. Then I have this to kind of fall back on. if I can't put it on my debit. [gasps].

No, you don't. There's $3 on there. What? Vet. will be $3. Well, can you can you show me. the. Can we go right now? There's that'll. take $3, but the 250 was from like a. week ago when I had to use it. So now I. just have to spend it back down to be. able to have some wiggle room again if I. do need to eat. Oh, but they're Oh, but they're dogs. They're dogs. Meaning that it could eat. something right now. $3. We $3. We can.

We can go. Well, when my dog. We can go fix them for $3. The only one that would do that is my. 2-year-old. Okay. So, also known as one of them. He'll He'll just throw it up. Yeah. Until he doesn't. And it gets. stuck in his intestine. Hasn't happened yet. So, yeah. He's 2 years old. And so I'll get. the pet insurance and then. Okay, but you don't have it now. Where. do we go for the $3 treatment? Nowhere. H interesting. What's your credit score? I can't remember what the credit karma. said. I want to say it's low 600s.

That plus horrible debt to income ratio. Good luck affording the financing at the. vet clinic. But he's healthy now. So. now. we don't have to. You don't understand. And both of my. dogs are healthy, too. You never know. what happens with them. They get a whole. different thing of dark chocolate. You. need to take them in to do the vomit. thing so it doesn't get into their. blood. You don't know what happens. Anything can happen. Dogs are dumb. They're smart, dumb. So, we'll get the pet insurance and.

Yes, but that what fixed today. Pet. insurance still takes like two weeks to. actually implement. after you even find the one you want. What was all this other deferred. interest in here? And the non-deferred. interest that is acrewing at 30%. What. is that? It would most of that is just vet stuff. like checkups. And if. so, so you've deferred all annual. checkups to right now $2,500 of annual. check. Automatically defers,

but 2500 you haven't dealt with your. previous $2,500 of that checkup. I'd pay the the month. 726 your monthly minimum. Do you not. understand what that is? It takes 15. years to pay off without you putting. anything else on it. And you always do. because you have annual checkups. What are you talking about, lady? Do you. not? A minimum monthly payment if you're. still putting money on it doesn't. actually pay off the car. Do you. understand that? I need to make sure you. understand that. Do you understand? My. hair is about to get as gray as yours. Okay, come on. I do understand that. I need to. calculate to see how much I need to pay.

to actually advance the interest off the. monthly. You know what I mean? Literally, the minimum monthly payment. does that. If you're not putting more on. there, you always put more on there. That's your issue. Your minimum payment. is more than the interest. Well, that was just one little thing. Like I took my dog to the vet, ladies. and gentle followup last week, ladies andinging gentlemen. No, that's not every single time. I took. my dog to the vet last week and then my. other dog had a checkup this morning and. that was all on my debit card. So, I. don't use it every time.

cuz you have threeing dollars on there. That's why you can't use it. We're back. to the first card. You would put it on. there if you had availability. If I needed to. If you had a. I don't use it every single time I go to. the vet. I only use it if I if something. goes arai and I need to I don't have the. money in my bank account. Then that's. that would be the backup. So I don't use. it every single time.

I see. It's going to be one of these one. of these type of conversations. Oh, buddy. I still think there's something to work. with. here. Yeah, well, your new husband doesn't. really think so. He has more hope than he did before. Ashley furniture. This one's kind of cheap, but wait. No,

no. Well, no payments. It's okay. Yeah. Wait, no. Yeah. $778. 82. Thank no interest is agreed. $14. minimum. See, damn it. 6 months to pay. off. And the promotional expiry is pretty. far. So, you'll be good. What'd you get? A couch for my apartment that I moved. into after 23. The couch? Yeah. Yeah. That's the couch that I got in. 2023.

And that's they had like this promotion. going and I just. Oh yeah, it's actually furniture. Yes, a. promotion going on. It's very unique for. them. [sighs]. What is this? What am I looking at? Yeah, personal loan. For why? Um, for why, please? About a year ago, um, I got a personal. loan to pay off credit cards.

Guys, I just wanted to say an extra. thank you for making Simpler Budget an. incredibly popular app. I wasn't. expecting it, but we literally get like. thousands of downloads a day and a lot. of you are actually changing your. financial future and we've been hearing. from you. So, thank you all for. supporting us. We just wanted to. continue to say thank you and give. people the opportunity to try out the. app. So, we still have a twoe free trial. in there for the premium version. And of. course, everyone that signs up for an. annual version, at least for this next. quarter, will get a founders edition.

simpler budget notebook. And it is. signed by me, sent directly to you. So, that's a special thank you for putting. your trust in us to create an amazing. budgeting app. And let me tell you, the. features that we're going to release. throughout this next year are about to. be crazy. I'm going to make this the. best budgeting app that has ever. existed. Seriously, download Simpler. Budget now. It's incredible. The time to. take control of your finances is. literally right now. I paid them off and I didn't use them. How many times do we have to do this? Oh.

my [ __ ]. AND HOW [screaming] DID THAT WORK? IT DID. HOW'D IT TURN OUT? REAL GOOD. Obviously not. I have three. as THEY ARE ALL MAXED OUT WITH LIKE $3. left to spend on them. What's the interest on this? What's the. interest on this $10,6675.

balance? I would have to. Yeah, why don't you have to go for it? Why Why would we know anything? Sure. Headed into a conversation about our. literal finances when you knew questions. would be asked. Good people. Let me take. minimum monthly payment $331.58. which at the time made sense because it. that would have been cheaper than all of. my credit card payments. That's not the only factor. That is not the only factor. Do I really. do I have to explain this to you?

No. Then tell me why it's not the only. factor. I wasn't paying attention because I was. looking for the interest. Sorry. I paid 11% of the prince. So, [snorts]. it's not the Hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey. The minimum monthly payment is not the. only.

Well, at that time I was paying a the. minimum monthly payment is not the only. factor. Tell me what the other factors. are. The interest. Okay. Guess what? There's. more. There's more. What's the other. factors? What are they? What are they. interest them? What are they? Yeah. Oh, yeah. Find it. You'll have to tell me. I I. serious. Yeah. I might be just blind to it. If. you could tell me, please. I'm going to draw it for you because I. think that's the only way to get it.

through. Can I Let me draw this for Can. I Can I draw on a little whiteboard? Little little whiteboard real quick. M. This is what we call. credit card. Mhm. Uh-oh. Credit card again. That's not. good. Better get rid of it, right? Oh, that was so scary. Okay, so we borrow. first alone. Oh, there it is. It's alone. [music].

Oh, did I spell that right? Backwards. It's alone. Mhm. So that means we paid off our credit. cards. Oh, what's the other factor, lady? What's the other factor? We saved. on our minimum monthly payments and our. interest. What's the other factor? The. What is it? What's the other factor? They both have interest. They both have. interest, the years it takes to pay off. What's the other factor? What is it? What are we doing? What's. the other factor? [laughter].

It's literally drawn in front of you. There's two options on thising. whiteboard. What's the other factor? What is it? What is it? You'll have to tell me. Are you You then spend on the empty. credit cards. NOW YOU HAVE DOUBLE THE. [ __ ] DEBT. YEAH. Are you serious? Are you serious? COME ON. OH, SORRY. I'm just It's Friday here. Losing my damn mind.

Oh, in the. [laughter]. we're going to be here forever. Landmark. What'd you do with Landmark? That's my car loan. Oh, is it? What do you got? What do you. What' you drive here in? It's a 2020 RAV 4. Rav 4. I always see commercials on RAV. 4. Yeah. $26,553.76. I think you've made me. I think [snorts].

Oh, you betcha. What did you uh What's. your little uh you know, minimum payment. on this car here? 604. What is it? 604. That's insane. I would love to refinance it, but my. debt to income ratio. Well, yeah, cuz you're literally stupid. with your money. You build it all the. way off to your credit limits at every. single second. So no, your debt to. incomes ratio is [ __ ] you. It'sing. you because you'reing yourself because. you don't know how to You don't have to. [ __ ] yourself anymore. You have a. husband now. Stop. Stop. Stop. Why do.

this? What's your interest. on that one? On that one. On the Well, I mean on that. You don't have two cars. No. No. [clears throat]. I I don't remember the interest off the. top of my head. You make me feel like I'm on. What is the interest rate? Pull it the. off. Okay. Oh, there's a checking account in here. as well. $20. $20. Oh, that's just 15 random dollars just.

sitting in there. It's not like. it's 20. It is 20. Actually, it's not like I owe the 20. That's like. a credit. That's what I said. Yeah. I said in your. checking account is $20. Yeah. I haven't touched it. And how much is it worth? Do you think. having a little. the 20? What do you think? Oh, yeah. No, no. The. $26,853. What do you think it's worth? I think. the 20 is worth 20. What do you think. the $26,853. is worth? That car, little car you're. driving around that Rav 4. Uh, the 20 The car I got. Are you asking how.

much the car is worth? Cuz it's I think it's. Yes. The car. Well, I got it for 30 28, but I. think it'd probably only be worth like. 15. 19. Thank you. Oh gosh, that took you a. long time to get there. Jesus Christ. Mental math is not my strong suit. No. IS THIS A. IT'S AN ANSWER. You can just throw in. anything at this point. I don't give a. [ __ ]. The interest rate is 9.79.

Huh? How much? 9.79. Oh, yeah. Okay. So, you're losing it to. the market then. Depreciate an asset. How's the car? What's the condition? How. many miles? Mileage is about 50. Great condition. I. haven't had any issues. I just do oil. changes. Good. Good. Good. 19,000. We might sell it. We might borrow the. difference. We have to get our credit. cards, our debt to income ratio a little. better. Then you might sell it. You. might borrow the difference. You might. have a $15,000 loan instead. And you're. getting a $10,000 car out of that.

$15,000 loan, $16,000 loan, but that'll. be better than a $26,000 loan. And the. interest rate will be pretty similar. It'll be like from 9 to 12, but you're. going to pay it off quick anyway. And. we'll probably do that. Okay. Okay. Sell the car. Oh my [ __ ] Yes, I can sell it while I'm financing it. Listen, listen, listen. You're going to. borrow the difference. You're going to. sell it. You'll make the money and you. use the money you borrowed for the. difference to pay it off. Then you're. using the $10,000 of the You're. borrowing 10. You're going to get a. $10,000. What? Huh? My car's name is Teddy. I love Teddy. I don't give a about Teddy. [ __ ] Teddy. It doesn't matter. You have a husband.

You don't need to be Teddy. Teddy's. done. We're done with Teddy. Teddy's. going to the pound pound. He's done. Teddy's done. I didn't even know that was an option, but okay. We'll sell. We'll sell. You're right. Everyone just has their. car for the rest of their lives. I have a matching car with a coworker. So, I don't know what the. I want to be able It's a It's a good. bond we have. So, stop having these bonds. Stop having. these bonds. Friends, bonds with our first credit card. Who. gives a [ __ ] bond with our second credit.

card? Who gives a bond with our our. coworker friend? Who gives a husband? Bond. Bond. Bond. Okay. Okay. What? Studit alone. Is that what I'm looking. at? Am I having a little look at student. loans? Yeah, that is my Experian credit report. So that's just all of the. This is why there's so many pages. I mean, it's all just. the individual student loan. Oh sh Okay, don't need all these. You were wrong. about your number of student loans, by.

the way, when I asked you. You know. that. How much? You know that. [snorts]. How much is it? Well, let's find out. Cuz I thought it was about 80 or 90. Closer on the second one. maybe. I brought up. $109,663. social work right yeah so much everyone. borrows so much and the income's. actually not bad but it's the income for.

the usual. social work is just my masters I got a. different degree underrad. usual general rule is for no matter the. amount of schooling you do your first. year's income for the entry- level. position of whatever the degree you're. getting is. should be more if not equal than to what. you borrowed for it. If you borrow more. than that entry level, you done math. wrong. That's the general rule. If we're just talking the masters than. but it is still it's your entire it's. your entire borrowing for school. That's.

all that matters with whatever you're. going into your entire borrowing. You don't separate it. Yeah. I don't know any social worker who. makes above 100. Exactly. And that's why it's sometimes. kind of a degree to get. Not that we. don't need them. I get it. I understand. it. It's a difficult situation. You got. to have the heart for it. But that's. also why you grind the out of it with. desperate scholarships, public. institutions, instate community college. for what we can. You got to do it a. smart way. [clears throat].

Okay. Apparently there's federal. apparently there's uh private student. loans somewhere. So actually you're. federal. You were correct. It is 86,968. That is crazy. I didn't even know. I. didn't even know that there's private. That's crazy. That's crazy. We've seen. some people get some success working. with like a a company like Y refi for um. potential refinancing. I don't think. with with with your public service. I.

probably wouldn't do that. Are you. probably trying to go for a. but maybe for doctors it would be good. dental people but for you no you're. probably going for the forgiveness. public student loan. Uh you have to work for a nonprofit. Are you not going to? Yeah. As of right now I don't work for a. nonprofit and I haven't been looking for. any other jobs. because you have to work full-time in a. nonprofit for 10 years. Yeah. No, it's brutal. Sometimes the. return on it's not even worth it if you. make less than the nonprofit anyway. And.

that's kind of what I was looking at. with uh if I was to transition to a. nonprofit, I'd have a pay cut of like 15. to 20 grand less a year. What about government positions though? Um there are some state positions, but I. don't think that's nonprofit. I mean, I. could go back. Yeah, but you can qualify in government. positions. This isn't necessarily like those. forgiveness, but to help in paying off. I mean, I've worked at Starbucks several. times, so I could always go back as a. second job and kind of put stuff away. Starbucks forgive or are you saying to.

make more money? Just to make more money to put towards. spending because I love my job. I love. my job and I don't want to leave when. No, I'm not suggesting leaving your job. either. I'm just saying with the amount. of Are you in You don't owe it looks. like. Not yet. I start owing in May. Okay. Income driven. Uh it's I was in the save. Well, save. program is basically dead. Yeah, it's dead. I was in the income. driven and then 2020 hit and I don't. really know. I didn't. Well, it's probably going to be like a.

$950 payment, right? Uh, no. So, you're on some kind of program then. Yes, I'm I'm still in a program. I I. just remember hearing the story. Tell me. what payment is doing when. uh tell me what payment is doing when it. I'm going to move on while you look that. up. All right. First mark. Oh, private student mode. Private. Mhm. Oh, yeah. Oh, $22,750.30.

Kill me now. That's an insane. With a. $240 minimum payment or 96 cents. How much interest occurs on a monthly. basis? Is they don't have to take care. of this. It's a different interest rate per loan. Well, 6 and 10. 6 10 and nine. Okay, come on. Yeah, technically you are. paying above the interest that is. occurring on here, but [snorts] it is. going to be a slow grind. It is going to. be a slow grind to pay these off, let me.

tell you. How'd you go through school? How'd you. decide to do it? Undergrad and. everything. How'd you do it? Uh, both schools were private schools. Well, there you. you could do social work for cheaper. Well, I didn't go into my undergrad. thinking I wanted to do social work. I. figured that out at the end of my senior. year of college. I studied pastoral. ministries. at private. uh yes. Well, that has to be it does. it was it was a private Christian. school. Yeah. What?

And I studied uh. in Minnesota. No, in Washington. Seattle, Washington. Okay. Well, it's still loading. But yes, I studied. in Seattle, Washington for my undergrad. and then started my masters in 2021. I. got a graduate assistant. So either way, you were going for a. career that didn't make a lot of money. Okay. Yeah. The undergrad um. at private institutes. Yes. [groaning].

I've always wanted to just follow what. I'm passionate about and just. Sure. But you can do it in a smart way. I followed what I was passionate about. I leveraged to get some scholarships. I. did what I was scholarship. I can't I. was able to I did borrow student loans, but I was getting a better return on. investment with the money I was making. I still made money through my music. compositions. You went private. You. borrowed over six figures of [ __ ]. student loans for degrees that do not. pay that. I dropped out. I was dumber.

Maybe not though. I didn't get six. figures of debt. I think my scholarships. probably equal to about 30% of my. tuition and then the rest I had to pull. out. Pull out. for loans. Like I had to pull out loans. to cover the rest of my tuition. All right. What do you think the nail. now net payment is going to be? Uh. just think what do you think. in the. It's obviously not loading. So what do. you think? Yeah. In the past it was 187. As long as. I can still. qualify. Well $77.

Probably 250. Final answer. No. No. 250. What? Okay, whatever. 250. Checking account, $33. Savings account, $44. Yeah, IT'S ALL OH. OH MY [ __ ] [screaming] OH. MY. HERE WE ARE. Here we go. You good. I'm glad you gave me time to calm down. since theing. stupid from before. I'm kidding. It's. all It's all just damn pages of. purchases. It's all just [ __ ]. purchases. It's all Look at that. Just. look at it. Look at this, guys. Look.

what I am dealing with here. something. that is in full control saying, "I'm. going to do this. I want to do this. I. want to get out of debt. I'm gonna get. out of debt." But then I look here and. it's all just It's all just It's all. just [ __ ] Dutch Bros, Amazon, Zeleno. 500, Hat Creek Burger, Racing Games, Dutch, Burger King, Dutch Bros, Domino's, DSW, DOMINO'S. [screaming]. Good thing we only have $33 in a second. Then we have $10. DUTCH BROS. DOOR DASH. KFC. Door Dash KFC. Door Dash KFC. WE'RE.

DOOR DASHING IT. DOOR DASH. I WANT TO. PAY OFF ALL MY DEBT. I HAVE SIX FIGURES. OF student loans from a private. institute where I'm not making enough. money to even justify it. And I'm Door. Dashing KFC, Jack in the Box, Amazon, Olive Garden, First Watch, which is. breakfast, Amazon, Nintendo. 45. No, that's $424. Dutch Bros. FORNASHI. BURGER KING. BURGER KING. WHO. THE even eats Burger King? IT IS BURGER. KING. Nobody goes to Burger King.

Burger King, but it it most spending. anything anyway Burger King. Most of that I just get tired after. work. I don't want to go home and like. [screaming] cook the whole meal and all. this kind of stuff. So, I just stop. along THE WAY. [laughter]. I DON'T CARE. DON'T MEAL PREP. MEAL. PREP. MEAL PREP. MEAL PREP. MEAL PREP. TIRED. You microwave it. It's easier. than going to a drive-thru pushing. buttons on a app. You're pushing buttons. on a microwave. Ben Moon, $40. Domino's. Pizza. Amazon. Domino's. Um, Natas Bar.

Water Express. Watering Express. We're. getting Express water. Can't even drink. water. I'm pretty sure that's drink. anymore. Door Dash and Burger King. Burger King. Burger King. Well, the gas. wasn't gas then cuz it was very cheap. We went in there. You just Popey Door. Dash. Popeyes Door Dash. We're getting. Popey Door Dash. Don't worry, guys. We're back with Burger King Door Dash. Then we're door dashing wings stop. because we have to door dash every. second of our life. DOMINO'S. DASH BROS.

DASH BROS. VEN OUT $14. DASH BROS. GUYS, we really want to pay off that. We're. really going to pay off that. Torches. McDonald's. Steaming games. DOMINO'S. MCDONALD'S. TALK ABOUT. TORCHES. CULVER'S. And I love me a. Culver, don't get me wrong. Painting. with a twist. You know what a really. good twist in this would be? BEING A. ADULT. THAT WOULD BE AN INCREDIBLE. TWIST. I would love to see that. Dutch. Bros. TACO BELL. DUTCH BROS. Door. Dashing mighty fine burgers. Taco Bell.

McDonald's. What the IS THIS? WHAT A. JOKE. [screaming]. WHAT A JOKE. WHAT A JOKE. Jeez. sake. What are we doing? What are we. doing? That's crazy. $838 of fasting. food. Nearly $1,000. You ask me. There's no. way I could have spent more than I made. There's no way. There's no way we're in. the red. We've cut down recently, I think. No, shut the up. If this is cutting.

down, I'm going to I ain't going to. Not that cutting down. I mean, since. that point. OH, SHUT THE UP. OH, I KNOW. I'M COMING. ON FINANCIAL AUTO, so I'm going to do. okay for a week. Come on. That's the. usual. That's an infinity stone. Oh, that is bingo. Ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding. Guys, I did better for a week. before I went on the show where I knew. my finances were getting called out. Shut the [ __ ] up. I don't think either of us realized it.

was that much. So, once we Now that I. now that we know it's that much, we're I. mean, it's not going to. chase $1.95. That's more. I'm going to retire. Door dashing wing. stuff. Torches. Door Dash. Dutch Bros. Apple build. Door Dashing. TORCHES. SIX.

MCDONALD'S. DOOR DASHING. First watch. BREAKFAST. BREAKFAST. MCDONALD'S. APPLE. Dutch Bros. Spotify. Ben went out $10. STOP. OH. OH, step. mommy and daddy-in-law take care of us. It's just the groceries. Yeah, just the groceries. Yeah, you have. groceries taken care of. You spend $900. going out to eat on a monthly basis and. you literally get free food. [gasps]. [ __ ] you.

Stupid. Stupid. I'ming pissed. I'ming. pissed. That's the dumbest, most. entitled bull I've ever heard in my. entire life. That is soing stupid. That. is so stupid. I'm going to have to. between here and the post show. I need. to like step aside for a second. Soing. stupid. This is so stupid. Your minimum. monthly payments minimum monthly. payments is $1,797.78. Meaning that is.

alone 40% of youring net income. Your. rent you do a thousand because. apparently we're separate. No, I did. household. I did household. So, we're. doing the full monthly stupid expenses. What's his student loans on a monthly. basis? Student loans right now 240. for him. Oh, for him? Uh, I think. 3 something. 350. Okay. Rent, $2,000. Utilities. total.

Uh, usually 150 to 200 a month. 200. Internet. Uh, it's covered by the rent. Our complex covers phone bill. Um, why why would it be in the three digits? Yeah, I think it's 140 something. I live here. T-Mobile has good service. Switch to Helium $15 a month. What the. [ __ ]. I had T-Mobile and then I switched to. AT&T cuz. Congratulations. You can't afford it. 150 you said? Uh, yes, roughly. When you pay that off, then you can.

switch gas from drive drive for both of. you. How much? Like 150 a month. for both? Yeah, we don't. car insuranceances both. Um, he doesn't pay his car insurance. I. pay about I just switched so I could. save $80. About 117. Yeah, 117. [snorts]. No groceries. TP fund. Anything else for. you guys to survive? That's. budget groceries cuz $200 for TP fund. Medical, healthcare, anything on a.

monthly basis? Um, it's about to end. I was paying 62 a. month. Um, but that I think I have one. or two months left and there's no. interest on it. Um, the other one I. don't know what's happening with it. What? The medical what? Uh, there was I had to go to the ER last. medical last year and I didn't have. insurance. Medical debt. Yes. I thought that's what you were. asking. But health insurance just comes. out of my paycheck. So that 46. Yes. But like ongoing appointments and.

medications. Uh there's not like a monthly thing for. that. No subscriptions for either of you. Pet. insurance, I'll do 90. Pet food, how much on a monthly basis? Uh monthly. His is probably about 160, but. yeah, it's usually every other month. So. I.

I I'm so glad we're at the end of this. plus 200. Anything else that needs to be. in your household budget that I have not. taken in account? Anything else that. needs to be in your household budget. that I have not taken in a count? That that should be all that we spend. You have an extra I'm going to call $750. on a monthly basis. Legal room. How much in student loans does he have? I I don't know. What do you think? Probably.

30 something. Call 35,000. So 195,64. I don't know. Takes 260 months to pay off your debt. [clears throat]. or 21 years. Increases income. Pay it. off in 10 years. declare bankruptcy. and I'm done.

I'm done with this conversation. You. lied. You've misrepresented. You gave. horrible answers. What the I don't. understand. I am being a dick right now. But I I'm I'm I'm done. I don't want to. be here. I don't want to be here. I am a. person in the end and I don't want to be. here. Um. 20 years to pay off. Go public sector, get that vast majority. forgiven, make him go public sector, get. the forgiven 10 years, blah blah blah. Figure that out. Maybe it takes five. years to pay off the rest of the debt.

You could do that. Go through. bankruptcy. Student loans wouldn't be. included in that. And that's your. biggest chunk. So, uh, don't do that. Uh, you know, if we declare bankruptcy though, we. can't like get a house in the [snorts]. eventually down the line. You're thinking of getting a house. eventually. Oh, in 20 years. Why? We're moving and rent will be a lot. cheaper where we're going cuz. there you go. Cut down on rent. There. you go. That does a lot. Double his. income. Get your raises. Work part-time.

We can probably get this done in about 7. years. It is going to be a grind. It is. going to be a slog. You better come back. on the followup channel. You better show. me. I'm sorry. I'm done with this. conversation. I can't do more. 7 years. I think you could do that. Cut the rent, increase his income, pick up a second. [music] job. Okay. Try us in the post. show where I hate myself. uh the state. of Wisconsin dollars. last year. cuz you didn't pay your. I didn't know that they weren't getting. taken out. You didn't pay your taxes is why mommy.

and daddy had to come in and pay for. your own. payments. You're putting payments at the. end of your car loan. When did just get. what? JUST ONE MISPAYMENT. JUST ONE. MISPAYMENT THIS YEAR. To watch the. financial audit post show, click the. join button below.