Ignorant Woman Making Me More Stupider | Financial Audit

You should try to keep pulling out. credit cards until you get to like. 15,000. Who the [ __ ] told you that? So, it was a family recommendation. Oh. OH. HEY, you're going to destroy your. life. Hi, my name is Eve. I'm 22. I'm out out. of Colorado Springs and Omaha, Nebraska. And this is Financial Audit. What do you do for a living in two very. different places? So, I work from home. doing tech support for a bank. Oh, very cool. What are we making in. this position? Um they just gave us a.

raise. So, my base pay just went up and. I get a 10% shift differential. So, it's. about 46. um thousand just base pay and then with. benefits up to like 60k. What do you mean with benefits? Bonuses. or you mean in terms. Bonuses and then also um. my insurance. Like they consider that. part of my compensation package. absolutely. I want to make sure I. understand what money's coming home. because you essentially need a raise. Like with your spending habits, you need. a raise. It's really not an option. So, we went from a raise up to Well,

what do you think is going to be hitting. your account on average on a monthly. basis? So, that's kind of weird it's kind of. weird. So, I I get paid weekly, but the. way that the last few months have been, I kind of have like no gauge of what's. coming in because I was. that's pretty clear just within your. overall. Like I mean, you have every debt that's. ever been. Like but regardless of the. debt, you spend almost double what you. bring in. And it wasn't as bad when there was two.

incomes. So, Okay. So, marriage? Yes. And now? Active divorce process. Active divorce process currently in. that. Okay. How long have you been in. the. So, Okay. So, obviously, when did you. guys split up? August of last year. Okay, so August of. last year. You know, it's been a little. bit. Mhm. [clears throat]. Why haven't you cut down lifestyle? Mhm. Cuz that's a kind of as much as it sucks. and I'm not like oh,

you you got divorced. Let's punish you. No. But there's also just basic math. Well, I was also on a medical leave and. then I was in Colorado trying to get. some things squared away. I was trying. to do in treatments, trying to figure. out my life and then also kind of. spiraling mentally. I was like, well, my. life's [ __ ] over. So, who cares? divorce? Yeah. Okay. So, you started to give up on. everything? Yeah, like When did you decide that. we're not giving up though cuz it. doesn't seem like you're there right. now. Um so, just recently going back to work.

Like. Yeah. Realizing that it's not over. Cuz For context, um we started the. divorce after a suicide attempt. So, Oh. gosh. Of yourself? Oh, yeah, of Okay. Um wow. Now, I understand this was a. potentially abusive situation. Yeah. Okay. So, that's why I ended up like. going back and forth between like uh. Omaha and Colorado. So, there was a lot. of like spending on the road and like. being all over the place and just like.

mentally trying to like cope. Like oh, you know, like. I tried to be responsible and it didn't. work out. So, Well, your spending's not. the ridiculous part. The ridiculous part. is we have. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16. 17 18 19 20 21 22 23 24. individual debts. But you have to remember it's like two. people because I was taking out the. Well, which ones are under you you were. taking out for both of you? Yeah. His name was on nothing in the.

marriage? There was two cards that he. got because I didn't trust him. having control over some of the accounts. Jeez, how long was this relationship? Like you didn't trust him to oversee a. financial document at that point? At. that point, I'm like [ __ ] it. Like I'm. out, you know? tried. I tried multiple times to divorce. him and like for context, like we. Did you file charges? Um after the fact after he talked me out. of it the first time. If I called him. regarding all this and talked to him,

what would he say? Cuz I do believe you because you're the. person sitting here. I'm not going to. just be like like just say I don't. believe anyone or anything like that. Um. at the same time, there's always two. sides of a story. The abuse is in no way. ever excusable. But in his mind, you know, I feel like I don't know what. would he say? Well, I can't sit here and act like a. saint either cuz like there was also. issues of like my own substance abuse. and. issues with impulsivity because like.

that's a key characteristic of like. borderline. And what was your substance. abuse? Alcoholism and then um both of us. nicotine. Where are you with any of that today? Um. there are still some lapses with the. alcoholism, but that was a big part of. my treatment last year. And so, I did an. extended stay. In. treatment or. uh involuntary. Okay. So, Okay. The hospital was a lot better. than the first hospital. When was your. last relapse? Um probably about 3 months.

ago. Kind of My issue is like throughout. my life like blackout drinking every. single time. So, just constantly. constantly just Were you able to get on. the wagon pretty quickly again? Um it just depends on. when the lapses were happening cuz like. especially like in the winter, like a. lot of like seasonal depression issues. and then like being isolated from family. because we were so far from Colorado cuz. we're both from Colorado. What was the medical leave for? Because of a lot of stress transition.

We were first moving to South Korea. I. got a new position. I got overwhelmed. and I was going to quit my job. But my. manager said, "Hey, don't do that. Here's a program through the company.". So, that's when I was introduced to. like, "Oh, I can step away if I need. to.". And then the second one was because I. got assaulted by my roommate in South. Dakota. Did you press charges there? Talked out of it. They're like, "They're. going to The big thing was is like if. you press charges" cuz they were both in. armed security. Like that's their. background.

So, if I made a report, they would lose. their gun rights. Good. It's it's kind. of a tricky situation cuz it's like I, you know, I don't want them to lose. their gun rights. Why? Well, a lot of our spending was on firearms. Again, I want to ask before we go into. the financial situation, what are you. trying to get out of this? Because I. mean, there's negative people online all. times for any creator. Some people say, "Oh, I'm taking advantage of someone in. a with mental health issues in this kind. of conversation." And I want to make. sure that I'm not. I want to know what.

you want to get out of this. conversation. How can I be beneficial to. you? Well, you're kind of like my last ditch. effort before I just say [ __ ] it and. blow it up. No. No. Blow what up? What are you going. to blow up? give up. Just stop. Quit my job and say. Don't ever give up. First of all, if you. give up your job, we already talked. about that. You already told me. I mean, you lose the benefits that you need to. survive mental health. I will call out. the bad. I will call out the bad. I will. give my recommendation. I will build a. budget, give my thoughts on your income. situation, and give you a broad large.

picture and then connect you with. resources after the show. That's what. happens every time. I can do that. But me being your last ditch effort, I. mean, it it you have to walk away from. this and put in the choices. I can't. make choices for you. That it's not. worth giving up. Plus, I mean, you're. 22. You are so young. You have so much. life to live. Imagine you giving up at 22. What is. 40-year-old you going to think? You've.

ruined your 40-year-old self at that. point. So, how do I untangle this mess. cuz at this point it's. like that seems like the only option. Let's go into your finances. But first, hit the like button. Hit the like. button. [clears throat]. Oh, it really helps support this video. I'm assuming you'd give yourself a score. of zero out of 10 finances, right? And. like what would you say? Sorry, I don't. want to speak for you. I mean, maybe a one. Okay. Well, Just. All right. Now, compared to like other people I.

know, like I could be homeless in a car. Could be worse. Could be a lot worse. Yeah, there's lots. of disqualifiers in my score. But if you. want your Hammer Financial Score, link. in the description below. It's free. It's fun. We got PayPal. PayPal. PayPal debts. Credit and Mastercard. Okay. We're owing. $330. Now, the crazy thing Yes, the car. is a big balance. There's a couple big. balances, but most of these are pretty. small. There's just so many individuals. and the minimum monthly payments is. absolutely obliterate.

your life. Obliterate. your life. Well, I was told that like. you should try to keep pulling out. credit cards until you get to like. 15,000. Who the [ __ ] told you that? What? Just trying to figure out like some. internet forms. Like I when I was in. college and then like a college. recruiter. TikTok, what have you done? Well, to be fair, it's the recruiters. that sit on campus cuz like that's. that's how I got my first credit card. Wait, whoa whoa whoa. The the the people. like the little credit booths? Yeah. Off them. Them. Those stupid pieces of sh.

They're like, "Oh, you like you only. make $11 an hour? Here, pay rent and. groceries on this card.". Kill me right now. And I was like, "Okay. If you're willing. to give me money, I'll take it." Have we. at least learned our lesson that that is. bad? Mhm. What? What do you mean? How is that not an. instant yes? Have you seen the stack. that is in front of me? Yes, you have. You sent it my way. How is that not an. instant uh. yeah? Opening all these credit is bad.

Well, there's a lot of times that the. credit came in handy. It's cuz you. didn't have a fully funded emergency. fund. That was that was your choice of. the finances of you choosing to rely on. credit cards instead of ever cutting. down, building a fully funded emergency. fund. And that would have replaced that. situation. Well, there was times that I. did have an emergency fund and then the. timing. your max emergency fund? 6,000 between two. that's certainly not enough cuz. emergency fund, it is 6 months of what. you need to survive or $10,000,

whichever one's higher. Because What if. I'm like 21 and like 20. work to get there. You work to get. there. No, no, no, it's not magically. going to appear in your account. That's. for sure. But I just don't like the. mentality of relying on a credit card. Well, it's just like it's just all about. like timing. Like I feel like credit can. save you from like changing your due. date and like if you use it to. get away from hey, I'm going to be. homeless if I don't make this payment. absolutely. And there is there Okay, yep, there's I mean there's nuance to. everything and that is a valid point.

When you're going through that process. of building up your emergency fund and. something happens and you have to pay. for it, yeah, you go into debt. But what. do you do then when you go into that. debt? That's when you cut back on. everything to pay it off as quick as. possible and then continue that journey. towards a fully funded emergency fund. But you didn't do that. You just. continued the spiral of debt instead. So. yes, that's going to happen. That is. going to happen. Like a car breaks down. randomly. Um we have a lovely dog under this table. right now that I've become best friends. with. Hopefully I.

knock on all the wood possible. You. know, do you have pet insurance? No, but there was times that like we got. in a little stitch with our other dog. Okay, well, if you you know, if. something medical happened, you would. probably pay for it and that might max. out a credit card cuz no one's going to. let their pup get hurt. I wouldn't. I. have two. I love them to just they are. my world. Um in that case, okay, that. might go on debt. But then you sacrifice. everything in the world. to pay off that debt immediately. Sacrifice wants, not needs. I'm not.

saying go live in a box. But when you're. in a two-person household and there's a. conflict about what's the best way to do. it, that's where a lot of the issues. like stem with the finances. And that's. why I kind of took over with like I'm. going to be the one that manages it. I'm. going to make the final decision. Mhm. And he had two credit cards in his name, one for his own personal emergencies and. one for his rifle. Yeah. I I don't think that fully justifies. what you said specifically, but But it. was just like his mentality about like.

um. it's not an absolute emergency until. like somebody's banging on the door. Okay. So you know, if nobody's banging. that your mentality? At one point it was cuz it was like. it now? I don't care about what it was. I care about now. the point that's like I'm I'm realizing. that like it's starting to catch up to. me. Like. Understatement of the. year. Okay. Yeah. Purchases $148,052. And $5.16 of interest. Oh, come on. I.

mean Freddy's the spaghetti works. Some. PayPal purchase. To be fair, the PayPal credit. Maybe. When I got back into watching the. show. Why? I specifically say on every merch thing, man, I would love you to buy my merch. It's fantastic. drop, so I was like oh, well, it's only. it's it's a little it's just a little. window. with that. Cuz I was afraid with that. Because we have so many ideas that the. limited it does. I was afraid with that. I was afraid. with that. That was one of my questions.

that I dealt with in that situation. And. that's that's this. That's the dirty. money merch, which isn't available. anymore. And the irony is that's the. same sticker I bought. It's a great. sticker. Fantastic sticker. No. That sucks. In not a good way. Let me [laughter] be very clear. If you. cannot afford it. from my merch, do not buy it. Do not. I'm not happy with that. Limited. time is the strategy that you just have. to entail for merch to be somewhat. successful. But if you can it's only.

four people can afford it. There are. people in my audience who can afford it. and it's for them. it in my mind like I'm only buying the. stickers. I wanted to buy the cup. What. I talked myself like How do you justify. cuz you're not spending something more. expensive? Yeah, but it's like oh, it's a small. item. That's obviously [ __ ]. Um. potential No, that's probably gas. Then. what is Weston Westminster Westminster? Um it's a restaurant within a hotel. Okay. So this is the point. If we built. up all the debt, okay, that's the.

situation we're in. Okay, what do we do. now? We sacrifice our wants. But you're. not sacrificing your wants. to pay it off. A lot of the times it's. just me justifying it with like the. reason I was in Westminster is because I. was looking at property. Property? A condo, yeah. How are you purchasing a condo? How in. any way are you purchasing a condo right. now? Well, the broker that I spoke to, he was like yeah, we can make it happen. Oh, please don't tell me you're going to.

do like FS FHA or something or even like. a 0% program. he was like oh, yeah, like we can get. you down payment assistance. We can. We can like you know, we just got to. adjust your numbers and then it doesn't. matter. Like. Like you're currently spending like 33%. more than you bring home. What's your. current rent? Um it used to be 650, but then they. changed property management and it's. going up to 830. 830 is still kind of a. blessing. Oh, it was intentional. It was. intentional for that location. I know. And then you lock yourself into a. mortgage where rates are hovering around.

8%. Well, my main issue. with like con uh. mortgage insurance and then whatever. assistance program you're taking on. This will not help you in any way. This. is going to hurt you. You can't afford. to survive. I just figure if I can just. squeeze things and move things around, then it'll be fine. Move thing What What. are you moving around? Put it on a. credit card, move move the due date. Put what on a credit card? I have to. make a payment. Like You put a payment. of a credit card on another credit card? Well, some of these lower interest ones. you even said that statement, if you.

even considered that statement, buying a piece of real estate is not in. the picture. I'm sorry. Trust me, I want you to have. it. I want you to You're going to do it. Well, it's going to happen. What's the point of What is the point of. being here? If there's anything I'm like good at, it's been real estate. Well. to be put into a place like how do I cuz. that was the number one thing the broker. said is like there are some concerns. with the balances. So he gave me three. cards that I need to tackle and then.

concerns. There are some concerns. He. said like it wasn't that bad. He's like. I've seen worse. And I was like if. you've seen worse, I can then that gave. me hope. I hate the it could be worse. I've seen. worse. Yes, I have seen someone piss themselves. in front of me drunk out of their mind. on every drug possible living homeless. on the street downtown Austin. That's. pretty bad. That doesn't mean that I can. just go and do a bunch of bad but.

because that's worse, it's okay. That's. not That's not how it works. If bad is. bad is bad is bad. Doesn't matter if. something's worse. Bad is bad. Well, like the justification that like. me and my ex had in in our heads is like. oh, we're doing better than our parents. So it's good enough. but that's. Do you know that's. Again, I don't care about the used to. What? What uh. It's just. the credit like it's. And and like you said, emergency fund, yeah, but it's like.

Credit's not benefiting you. It's taking. advantage of you. It owns you. It owns. me at work, too, cuz I work for a credit. card company. So what is this credit. obsession? Well, it's like a lot of the. promotion of like even at work, there's. like oh, there's little things you can. do to get around certain things and like. it. Like our our company, you know, policy. for customers is like if they want it, figure out how to get it for them. Oh, it's disgusting. Or like how can you. help the customer spend? Oh.

So it I absorbed a lot of that, too, and. then it's like. But you know that's wrong. You know that's wrong. You don't know that's wrong. for the longest time it was like oh, yeah, that's not that bad of a. situation. I don't care about the longest time. I. want now. I want where your mind is now. I don't give a [ __ ] about the longest. time. Now. Now I realize I've I've. like I'm in a tough spot. So why would you go take out a mortgage? I just want to go home. I want to go. back to Colorado. You can go back to Colorado and you can.

rent. You should see the market. Buddy, you're. talking about buying a piece of. property. Right now the rental market is. 10 times better across the United States. than any buyer's market. But it's like it would be better to just. like pay Like in a way it's like you're. paying yourself rent. If you can't afford it, it is not good. According to somebody I can afford it. though. Like that's where I'm trying to. justify it. Yeah, but they're a dumb. They're a dumb If they If they say that, they're legitimately dumb. They're No, no, no. What they're trying to get is. their little precious commission. I'm.

not getting paid by telling you this. I'm not getting paid by telling you. this. I have no dog in this fight. It's. dumb. I've bought a condo. I own um. 1 2 3 4 5 6 7 seven or eight properties. I know a thing or two about that. I. guess it's cuz like they helped my. cousin buy. So I was like oh. My cousin's place is pretty nice. I was. LIKE OH. OH. SO IT WAS A FAMILY RECOMMENDATION.

GREAT. What can I say? What can I say? What can I say to convince you? Okay. Oh, this is impossible. Your mind's set. It's done. It's It's done. You're doing. it. You're going to destroy your life. So let's go through here. I'm trying to figure out how to pivot. from this. How do I get out of this. spot? Not by going into an 8% mortgage. that you can't afford. I'll tell you. that. Let's start Let's go Best Buy. And the other thing is a lot of these. are special financing. So it's not like. they not all of them are really.

generating interest. So that's that was. the other justification like oh, it's. not real. $2,366.27. The minimum monthly payment is $36. These are going to stack quickly. $11.94. of interest is accruing. 30% interest. Yeah, majority of them are pretty bad. interest rates. Okay. Will you at least let me cuz. you're you're in IT support for tech, you said, right? Yeah. Will you at least let me gift you a.

certification through Course Careers to. like negotiate that for higher income in. the future? Honestly, that probably is the best to. try to get a better position cuz I. recently moved into that position from. the operations side of the company. Okay. Cuz that's when I started with the. bank, I was. supporting people buying motorcycles and. ATVs and jet skis and at 24 to 35%. interest. And the people that called in. always sounded happy. Ignorance is bliss. $408.46.

on Ent. This is in an interest-free period with. a $40 minimum monthly payment. When does. that interest-free period end? October. That one was kind of an emergency with. the car. Like I opened it. Um. my key had broken and then like I had. gotten locked out of it so it's like the. mechanism needed to be fixed. Gosh. Because my Who opens a debt for a. mechanism? Yeah. Well, the car with car was. individual debt like I don't even know. what a credit card is. Like we just like.

we opened a new debt. Well, that's what. I was kind of like my mom was like, "Oh, just open a credit card and just like. when it's. when it's Never listen to your mom again. for anything financial related. Well, I'm realizing that now [clears throat]. that their their mindset is a little bit. broken because like even when I was. they're like, "You know, as long as you. go over 30, it's fine to keep a balance. or. to punch them. Well, to be fair, neither of them had. parents so it's like, "Uh, they're just. winging it." And. Nobody has financial education in this. country. It's personal responsibility. figuring out on your own. And when you. make a mistake like I did, like you.

have, is getting help. seeking out the resources necessary and. cleaning up your life. If they at that point have not. they have failed to try to learn. Well, that's where I'm kind of sitting at now. especially like now that I'm not tied up. with my ex like how do I fix my life? Not by getting a. [clears throat]. And some of to be fair, some of this. isn't mine that I'm trying to argue in. court. Well, are you going to tell Oh, you're trying to argue in court? So it's. active process. this is under you. Everything that I. have here. I don't have any of his. You. don't have any of his?

Legally speaking. Yeah, because. [clears throat] the other thing that. happened is after I got assaulted, we. separated finances cuz like at that. point it was like I I can't be here. So. roommate. From the roommate. From the roommate, yes. And then um so. we find we started separating everything. checking savings and we had our own. checkings and savings and what we were. trying to do in Nebraska was like kind. of reset our relationship. So separate. finances, separate everything, stay. legally married but just date again and. then so we would go back and forth. seeing each other, going on dates,

spending on credit. I'm very sorry for. everything you've been through to be. very clear. I really am. That's hard. Um and you are brave for coming on. It's your actions after this that are. the most important though. And that's kind of where I'm sitting is. like. I. don't want to throw my future away but. it's like. I've lived in chaos like the past few. years like I don't. I don't know any different but it's like. you're trying to tell me credit is bad. but it's like literally saved me in some.

tough situations. I mean in the way you've gone about it, yes. But again, there's. many more smart ways to go about it and. that's what I was starting to touch on. It's like your credit wouldn't be what. it is if you saved yourself as you say. on the credit but then you sacrificed. everything to pay it off. You didn't. with your spending. You're not. So. you're still not doing it in a way that. makes sense. New balance of $1,117 in. PayPal credit All special financing. though. Uh yeah. For Intel? Um there's a couple so the way that.

PayPal credit works is like each. different one has different due dates. Yeah. So I know what. Yeah, something's coming up in like 2. months, 3 months. And that's why I picked up a second job. to try to No. get ahead of that. going. All right. Yeah, and uh you got to pay. it in interest or else that deferred. interest comes and gets you. So you need. to attack this. 30% death, insanity. There's like three. different. $3.11 of purchases? Uh it's it's a. Microsoft.

Subscription? For school. For school. Oh, great. Wells Fargo. Everyone's. favorite wagon. Yeah, I really want to. get away from them cuz their banking is. terrible. This is the one wagon I want. you to fall off of. Which is. That was a pretty good one. kind of. [laughter]. That wagon I'm chained to. Cuz that one the other thing about the. Wells Fargo is I use it for overdraft. protection. So it's tied to my main checking. account.

$576.89. Interest $6.84. Purchases $391.80. The previous balance was 46. You could. have ended this thing. It was car parts. My car's kind of old. $25 minimum monthly payment. Overdraft. protection. There it is, $156. Yeah. Should cut Chandler bar? Yeah, that's a that's a that's a car part.

That I did. Twice? What I did is it's next to the laundry. mat so I bought a drink and then got the. cash pulled out instead of going to the. ATM. If you're not willing to cut back. All right. Okay. Okay. Capital One saver. Though that with that one at least. wasn't binge drinking. Oh, I didn't even. connect that. Yeah. Uh. 2,030.44. cents on this one. Minimum monthly. payment is 65. Uh $45 of interest charged. Oh my gosh.

Here it is again, $649.39 of purchases. And interest is being charged. We can't. pay it off but we're going and. purchasing some ticketing thing. Uh a. night club? In your situation, that's not a good. environment to be in. And then. McGraw-Hill. Higher? Cousin invited me out and she's like. They've. Does cousin [clears throat] know your. situation? Different cousins. Does cousin know your. situation? Yeah, but they're like, "Oh, it could be. worse. It could be worse." Like that. Everybody around me is like Your family.

is an enabling dumb They're stupid. financially, financially, financially. They're stupid. Yeah, the. the debt cycle is bad for everybody. And that's why I was like, "Oh, my debt. compared to them I I can swing it. I can. swing it.". So it's like that's how I kind of cope. but then it turns into cope spending. It's a 32.25. 24% interest. A Walmart card. Only groceries though. Only groceries. Promise? I can show you on the app.

Good. Thank you. Cuz that's the hard. part with Walmart. I just don't know. $28 minimum monthly payment. $437.52. $12.69 of interest. This interest is. stacking up across everything. $440.33 of purchases. Okay, so the. Walmart's Well, okay. Walmart's a groceries but you also stop. in there and get like $7 of things. You. should know that's bull Like a drink or. snacks. Well, sometimes it is is like energy. drinks and stuff but it's like I'm.

buying it from Walmart instead of gas. station. You don't need Or I buy it in. bulk. Try to cut down the cost. If it fits in the budget. If it fits in. the budget, that's when we can do that. Other than that, we do necessities. But. you are stopping at the gas station. getting $9.19 of stuff. Do you really. get an energy drink? Subway, is that an. energy drink? There's another $4 energy drink from. Walmart. That's all Anything on the Walmart card. Yeah. Okay. Wait, when did you tell me. your last relapse was? The blackout was. my last relapse. Like the last time that.

I blackout drank. Wait, isn't drinking at all considered relapse. in an alcoholic situation? Not the way. it was like explained to me by like the. hospital. It's like if you can learn to. take like one or two drinks and stop. yourself, you're good. The hospital said. that for someone who's an alcoholic? They So it was a religious hospital and. like they had a like um they had people. as like how to like cuz my thing is like. I it's not I'm not an age as like most. of the socialization that happens is. drinking, going out, the bar. I know.

Dog parks. I know people that drink at the dog. park. Oh, well, they sound like That's a. sad life. Chick-fil-A. Certainly not an energy drink. Yeah, any food. Return ACH card payment. 100 bucks. That was just a bad timing when I. scheduled the payment. So but I ended up. paying it right after. Secret name. Oh, this is large stick of balance, $1,000. We're sitting at a minimum monthly.

payment of $51. Death. Okay. Interest charged almost 30 bucks. $800. There was an $800 payment, thank. goodness. Oh, but then $300 of purchases. still. So for me, can't get too excited. Well, my co-worker told me one time like. you can pay the statement. That's how you cancel the interest. So. I've been trying to like. I It's like playing a game like But say. it again. If you just pay within the. statement like the big chunk, if you. make another charge, it doesn't count.

because you paid the interest for that. cycle. Yeah, but why pay any interest? Well, no, to avoid the interest. Buddy, $30 of interest happened. Yeah. Security Service Federal Union. So. this is your car. Was my car. What? Is. that this? Nope, that's a different one. That was his car. Okay. Okay. So what is this? What's the. situation? So it was a 2016 Volkswagen Tiguan. I. thought my car was going out and it was. I was in Colorado and my friend sells.

cars and he's like, "Hey, I can get you a deal on a car What a. brand? in." Well, he was a friend cuz he was. just a salesman and I knew it was like. my biggest problem was the finance guy. But I did talk talk it down like the. down payment and they. decided that I didn't need to trade in. my car, so I was able to keep the other. car. Which worked out because I ended up. totaling that car. They're not going to. take a loss. Don't think you won in this situation, especially at a 10.4%. interest rate of insanity.

Okay, the balance. of a car you don't have anymore? It's. totaled. There's only $300 left on it. Through an alcoholic situation? No, actually. Okay. Unmarked. uh dip in Kansas. Okay, good. So, it. wasn't my fault. It's $15,836. still owed on this. What about. insurance? Well, there's only $300 left on it cuz I. just made a payment on it and. um that's what's left with the gap. How. did How did you get the money to pay. this off? It got totaled. It wasn't my. fault. So, it was from the insurance.

The insurance paid it. Okay, and it's at 300 now. Yeah, that's. what I owe cuz I didn't pay for gap. insurance cuz I was like, "I don't need. it." Okay, good. Good, good, good. Well, I'm glad insurance was there. Good, cuz that's. Okay, good. Cuz that was a big. I drive now is big. kind of borrowed. So. Um apartments. So, that was part of. the situation with the roommate is we. ended up breaking the lease and then the. complex said that they. um were going to charge for fees that. according to my contract didn't make. sense because they said if you lived.

there for 2 years, they would cover. certain things, but they're like, "No, technically you didn't live there 2. years. even though. like. in the contract from the dates. I did. And so, I'm fighting them in. court on that one. How many people are you fighting in. court right now? About three. With who? Who's representing you? Um so, my company pays for legal services and I. pay $3 per paycheck. So, like my. divorce, I've only paid like $200. What's the other one? Uh suing the. roommate for damages. For physical.

assault? For the It was a physical assault. No, sorry, for physical assault. Yeah, I. mean, getting bit in the face. Bit? Yeah, he. got a [ __ ] bat? No, he's psychotic. He was not well and should not have been. in security. Oh, he was in security to. kill me. What is this world? Yeah, so they were like used to like. fighting with people all day, so it's. like they had some. violent tendencies. bites them? Well, that and like. This guy sounds like a. mess. No, he was worse than me. Like, he. has 50K of medical debt and was like.

behind on payment. Well, that's what I'm. saying is like I directly lived with. somebody that's like, "Oh, at least I'm. not that guy." Okay, we have $5,756. of different loans with all these other. places. One loan was for Nebraska and. one loan was to For ENT? Yeah, they were. For. the consolidate part of the credit. Okay. So, that's what this is, a. consolidation? There's two. The smaller. loan is for moving. Well, there's a $5. one. Oh, that's savings. That's savings. Eh, cancel that one.

Okay, $1,420. Cuz I used to automate my savings where. like I try to treat it like a bill like, "Oh, some This money's going to. disappear." Yeah. would put it in an account that I. couldn't see. cuz I don't check this this bank account. as often. But then when I get in a. pinch, I'm like, "I do know that money's. there.". That's a 12.5% interest. Me! With a $67 minimum monthly payment if. I'm not mistaken. Fighting them in small claims court, the. apartment? Yeah, cuz um part of my.

services they cover tenant law. And my. It's a really cool employment perk. Yeah, MetLife Legal. Love it. But you. just got to find an attorney that will. accept it cuz Sure. some attorneys do not like the. insurance. Yeah. But for up to 20 hours of work for. free. when lawyers charge like $300. plus, so there's no way in hell I could. have afforded to like fight with them. Okay, and then we have another one here. $4,303. 3 $4,335.70.

with an interest rate of 11.5. With a minimum monthly payment of $162. and 28 cents. This is just never ending. Who did your mom? For what? I mean, some of the the. mindset was like, "As long as you pay. rent, like you don't really have to. worry about the other bills.". Huh? Like, as long as you have somewhere. you borrowed from your mom? Well, I. borrowed from my mom cuz she was willing.

to help cuz she didn't want me to be at. that apartment anymore. So, she's like, "I will give you some money. to break your lease." Have you started. paying her? I've been paying her since. day one. What is it? The minimum. monthly? Usually 200 and then when I. went on my medical leave, she put a. pause on it and then I just started. paying again. Now that I'm back at work. expensive one so far. Yeah, because it. causes issues. It causes issues. Yes, and that's why borrowing from. family is. wild. Yeah, we got a little bit. This is the one that just got taken care. of, right? Uh yes, that's that's the loan. And. that's what I was trying to send to.

them, but I don't know if it's. your car situation right now? So, my dad. let So, I ended up giving my dad my Jeep. because I got the Volkswagen. And to also like get rid of stuff that. could be claimed, you know, if things fell apart. So, he took over that. He took over the. insurance and. What are you driving right now? The. Jeep. Oh, okay. And do you So, you don't. have to pay anything for it? I will have. to eventually start paying for the. insurance. But that's it. There's no minimum.

monthly payment or anything? Nope, it's. a hand-me-down. When will you have to pay for the. insurance? Mm. probably not until next month. Next. month? Okay. Yeah. We'll calculate that in the. budget then. Student loans. You're You better You better be on some. like plan, right? They don't start until. August, but they should only be like 150. cuz my degree like was pretty cheap. Well, you have $8,000 of student loans. That was for the whole degree. What was. your degree? So, it was neuroscience and then kind of.

like a minor in business management and. nonprofit. And then I got it in 2021. That one I'm kind of proud of cuz it's. like. another could have been worse. I could. have been 30K in debt. Shut up with the could have been worse. I never want to hear that out of your. mouth again. It's too much of a excuse. and justification. I'm not even saying. this is bad. Not even saying this is. bad, but stop the it could be worse, please. That is going to hold you back. forever. It's going to justify and allow things. to be seen like they're okay. Doesn't mean it is. Please.

It's okay cuz like you said, you. literally see people homeless. on the show, right? Oh my gosh, that. does not mean your situation's good. though. It could have been worse is the. ultimate just excuse to just allow it to. be like, "Okay, everything's actually. okay." And it's. mind, it it kind of is cuz I'm not. homeless. I paid my rent. I have no. bills. I have 100% payment. be homeless. Could be. But I could just. pay the bills. If I just stop paying the credit cards,

I won't worry about it. [laughter and gasps]. Well, you know how you like to litigate. some people? They could litigate back. They often times don't. they? They could litigate back. Legally. speaking, they could. They could come. after you. Typically don't, but they could. It's a. small balances, so I doubt they would, but they could. People have requested. that I do a live Q&A for a while now and. I'm excited to announce that I finally. am. On Wednesday, March 20th at 8:00. p.m. Eastern, 5:00 p.m. West Coast, we. have an exclusive live Q&A for anyone. taking or has already taken our.

budgeting program. It has changed. thousands of people's lives and we're. constantly receiving testimonials from. those saving money and fixing their. financial future, showing that we made. the best budgeting program in the. history of the internet at the best. price. Sign up using the link in the. description below and join me for the. Q&A where I answer your questions live. Technically. [clears throat]. Legally. You signed a contract. not too worried about. Remember the contract that you signed. with the apartment and you're holding. them credible to that contract? Yeah. They could do that, too.

They probably won't, [laughter]. but they could. I guess it's a little. bit easier for me to justify cuz it's. like they're just a faceless company and. if they're going to give me money, it's. whatever. What does that mean? You don't. feel more responsibility when you borrow. money from someone? Well, I work for a. bank and I see what they do to people, so it's like, why should I care about. them? Well, it's still a contract that. you signed, regardless. Not saying they're angels by any means, but you signed the contract. And I have. 100% payment history. You can check my credit report. I've. never missed a payment.

Good. Good, good, good. But as these. minimum monthly payments stack up, you. when you say it could have been worse, I. could have been homeless, as you stack. up and you're talking about getting to a. mortgage that you definitely cannot. afford in any way whatsoever, it's like. that ends up to a foreclosure situation. which could end up in homelessness. So, I don't want that it could be worse. You're heading down the path of it could. be worse because you tell yourself it. could be worse. Well, I've seen even. like family save themselves from like. foreclosure, so I'm like, "It's not over. until it's over.". Goodness. You're too comfortable.

You are too comfortable. $1,600. is or is due for my on plan health. So, when I um The insurance paid for. most of it. did like the divorce, it. changed my plan a little bit. So, like. my company gives me. um on tax money to spend on health. stuff. Yeah. So, therapy, medication, but it went from 750 down to 500 and I. didn't realize that. a monthly payment plan for this? Um I.

scheduled something with the the. doctor's office directly, not through. the company because I'm going to try to. use my gym membership cuz they pay for. that and I just got to send the. statements. Interesting. It's a big benefit package. Like, that's. one of the few reasons I haven't I can't. find another company even close. Sure. Okay. Ancestry. You owe $15. And that's part of that. that um But why not just pay $15? I I'm going to. Like, I've already spoke.

to them and they're like, "Yeah, don't. worry about it if you're going to talk. to the insurance." So, I was like, "If. they're not worried about it, I'm not. worried about it." Fair enough. And they're like, this is This is screams you though. Like, you're just like. It's a smaller fire compared to the. other fires, so it's like I don't put my. energy in it. Okay. Uh drywall? Oh. For the damage. Okay. But there's a possibility that the the. apartment will cover it because of uh. domestic violence laws. Yeah. But they. could still charge me.

know. Yeah, they're still on the fence. about it. Ay [sighs] ay ay. But I did get a police. report to them, so it's like they have a. record. Man, is a hole in the wall going. to be proof though? Cuz like anything. could be a hole in the wall, you know? Well, they they worked with me through. the situation. Okay. Okay, good. So. there's things on paper, there's a. record. Yeah. Good. Good. Good. Good, I'm glad. to hear that. Well, I'm not glad to hear that, but. I'm glad that there's there there's. stuff on your side. 275 dollars. Uh And that's where it goes. back to it's like he could have murdered. me. Could have been worse. Okay. All.

right. Okay. 416 dollars is due. My gosh, this. is just endless, isn't it? Uh this is another medical thing. So. what's your So say you're going to try. to do the same thing with this? Um it depends. Which one is that one? Cuz there's three main ones. Integrative. That one I'm on a payment plan. I just. paused. Um it's about 40. You paused it? Yeah, cuz it was my therapy. Oh. That's what. that is. It's a therapy bill. Because the other thing too is I I was.

on a plan. therapy? Well, cuz I was on like with a. student, so they only charged $10 a. session. But then. they left. and then I had to go to a professional. and after insurance it was still like. 190. Who who you Okay. Okay. Okay. And I. kind of needed therapy through. everything. Don't just tell me what that. is. That's the dentist stuff. That's. that's the We already looked at that. Yeah, you've already looked at it. That's all that's. Okay, so that's all the debts. That's. all the debts besides the hospital bill. An extra hospital bill. The.

the insurance covered the majority of. it, but there's like 1,600. But my. lawyer. There's a payment plan that's going to. be set up after the divorce finalizes. because technically medical debt is a. marital division, marital liability. What's the payment plan? Um it's going to be probably like 56 47. Okay. Is like the minimum. Okay. [sighs] Oh my gosh. Wells Fargo, 60 bucks. That's terrifying. What are you transferring to Fidelity?

You you can't afford to like pay your. bills. Oh. Yeah. Kill me. But the way that they justify to me is. like you're paying yourself. So it's. like it's only and it's a small. percentage. Going out to eat there with. that. Fajita? I think. What's the security online? 298. dollars. Which one is that? Security. SRVFCU. SRVFCU. Overdraft protection 10 dollars. Overdraft 156 dollars. More payday.

401 K loans. Overdraft overdraft. did not happen before I went on my leave. because the other thing is I lost part. of my. that's all I care about. True, but I was. being paid weekly, so like a lot of my. bills were structured for that. So. That's what I'm trying to. a couple hours to sit down and go. through it. No, you would have If you were trying, you would have done it. Zelle went out 40 dollars. Venmo went. out 35 dollars. is my phone bill. I paid my sister.

That's pretty good. 40 bucks? I bet. my brother-in-law used to work for the. company. Okay. Okay. Yeah, I mean I. always. I'm actually getting a phone from them. so I can like test it, but I always plug. my boys over at Helium where it can be. like 20 dollars a month, which is pretty. sick as well. That's what I looked into when we. weren't sure if he was going to keep his. employee benefit cuz they let him go. Mhm. And that's another reminder that. companies don't give a [ __ ] about you. Well, I'm a company. I care about my.

people. What are you talking about? Mhm, that's a small business, but what what. happens when you get big? I would like. to think I still care about people. Sometimes you have to make hard choices. Business choices for the sake of the. business, which impacts every other If. the business goes down, then everyone. loses their job. I don't think anyone. enjoys firing people. I think that was. an over. like I think that was a. A little bit of a generalization and I. can see that. This is just showing my payment history. for the loans because like the. statements are kind of funny cuz one. bank will do it all your bank accounts.

on one statement. The other one is a. bunch of separate. Same with this? Same with that, yeah. So. that's just payment history. So 60 dollars in your checking account. That's great. That's great. I mean, I. wouldn't I'm not yelling at you for. something that you didn't. [clears throat] do. 60 dollars 46 cents in your checking. account scares me, but 710 dollars in. Wells Fargo savings. Um so the way that my. never be overdrafting. Well, the way that my bank is structured. is I have three accounts with Wells. Fargo. I have one that's automated. payments and my direct deposits. And.

then I have another one that I try to. keep a little bit of cash stashed. And. then I have one that rolls over, so like. every time I spend from that bank. account, it rolls the change over so. that I can have a round number so that I. can like quickly like, "Oh, I can swipe. the card." Cuz I know I have this much. So I can swipe the card. Just keep that. number around. So like I was trying to. set up systems and do automated payments. and like. move things around automatically. Yeah, you're moving thing Okay, you're. transferring transferring out. It's. getting weird and confusing. Our producer just told me you emptied.

the savings account. When I went on my. medical leave, I. draining a lot of my savings. And then this one's also zeroed out to. Yeah, all my savings pretty much gone. Great. Awesome. Why are you So you have a little bit in. a 401 K even though you have leverage. against it anyway. So you're in these. target date retirement funds. I like. target date retirement funds. You don't. have much in there, but actually. for 202 I'm actually kind of It's so. weird. Your financial situation is so. weird. You have 7 dollars in there. Target date.

retirement funds are great. And the. there's another account in there that we. tried to set up do it for my ex-husband, too. Like that IRA that's empty, they used to. have money in it because it was for him. But what's the 401 K loan? Um. There's three of them. So there's different amounts. Okay, I. think I have them written down here. Okay, 1,000 dollars, 600 dollars, 671. dollars. I realize another bad habit is. like I don't know off the top of my head.

where I'm sitting half the time. Where. what? Half the time I don't know where. I'm sitting. I'm just. Sitting? Like financially cuz I like I. just let everything auto. budgeted. Okay, go through our budgeting program, go please. That's what every every guest. gets it for free. Go through it. It has. changed thousands of people's lives. Please please like actually take the. education, the class, go through all the. questionnaires. and take the quizzes, please. The it. will literally change your life. We're. going to create a budget, but like. what's actually required to do budgeting. is like spending hours going through it.

the first time and then on a monthly. basis going through it and eventually. get shorter and shorter every time. That's what you got to do. We're going. to We're going to put something. together, a loose budget that gives you. like a vision of what you need to do and. how long things might take, but go. through the program, please. feels like it's on fire. So again, you. do spend. double what you make. 40 Almost double. 40. 34%. of your spending is going net into debt. 1,709. dollars and 10 cents. I'm glad it's at.

least a large percentage. When you have. a lot of debt, we need to start putting. it towards the debt. A lot of that. is just minimum monthly payments anyway. That just stacks stacks stacks stacks. stacks. And that's what I'm feeling. The. debt 5,000 paper cuts. Absolutely. Yeah, you think that's good and you should. take out more and that you're taking. advantage of credit, but credit's taking. advantage of you. Nothing's good in any. way whatsoever. So why have you said. that credit is good and that you want to. take out more debt? That doesn't make. any sense. Why would you add more cuts. to the cuts that are killing you? I guess it's like the information that. I'm getting is very like you said, there's people who have dogs in the game. that want me to spend.

Cool. So you're done with that then. because I've corrected that, correct? Yeah, like I. Okay, so you're not going to get a. condo. Yeah. Right now. Right now. Not right. now. But that's the goal. That's True. Absolutely. I want you to. I want you to. get whatever you want in terms of your. first property. Absolutely. We got to. get there. Let's not rush there and hurt. ourselves cuz then you become house poor. and then you get. And even though I know I keep saying. like but it's like. People justify. say Do not Do not.

Don't Have a house, it might be worth. being house poor. Uh. No, being house poor is absolutely worse. than renting. Are you kidding me? It's. not even close. 0.8% Uh okay, the house is total 766. dollars 84 cents. Phone total 0.8% We. know that was 40. And transportation total 12.6% or 630. dollars 64 cents. And I don't spend a. lot cuz I work from home, so. Necessary food groceries 4.2% or 210. dollars 24 cents. Food going out to eat, it's not crazy.

3.4% 170 dollars 71 cents. But when. we're spending double, we just can't. unfortunately afford. Miscellaneous or medical I'm sorry, medical is 0.7% miscellaneous. We should be stopping getting drinks. We. know you did that a few times. It's 0.8%. close to 1% and other large purchases. was 28.3%. or 1,419 dollars. Let's take a look at. those. And to be fair, like some of the. big purchases I made is because I'm. going to Europe this summer. What? What?

What what the. What? I'm going to go see the Olympics. What the. Yeah, so a lot of this. live. How Why are you seeing the. Olympics? Again, I want you to, but that. is a want. You can't afford to live. I. don't give a if you're seeing someone. carrying a thing that's on fire down a. path. It's kind of too late cuz I. already made the purchases. Oh, kill me. Try to refund them as much. as possible. It's kind of a little little past those. cancellation points. How much did it cost? Mhm. Cuz then.

you're going to go there and you're. going to spend more money getting on. food and. Well, it was 2,000 for just the plane. That was from the states to Europe and. back. And then my friend, she's going to. cover the cost of the hotel. want to. get just room. And she's like, "Oh, I just got a card. just for Europe." And I'm like, "I got a. card just for Europe.". Southwest Airlines. Yeah. That was the largest thing and there's. legal fees, then a hotel, then Venmoing and all. [laughter]. Oh, okay. Okay. Okay. Can we turn on the.

AC in here? I'm sweating. This is. insane. And it keeps going. This is insane. Keeps going. That's it? There's more? Well, that's a lot of the issues is like. there's I have to. Well, after the Europe is like. So, that's kind of happening, but it's. also like I'm getting ready to move into. this new complex and I'm trying to. figure out. Complex? I thought you were buying a. condo. So, you. Well, I I can't leave my company. So, this is where I'm stuck as I want to. quit my job so I can go back home, but I. can't go back home.

cuz the company They don't have an. office there or anything. You said you. work from home. It's you're required to. live in certain cities. So, I can't I got to There's a city. closer to home? That would be back where my ex lives. somehow. Cuz we left that city to go to Nebraska. for college. Cuz we were going to go back to school. So much corn. And a lot of cows. Fun. fact, there are more cows than people. That is fun.

What are the minimum monthly payments. total on your 401k loans? Um. off the top of my head I don't know. I'd. have to look at my. Come on. my list. Do you have it? I do. Well, I'm just. And see, I was always told well, I was. told it's just like as long as you have. a credit. always told a lot of things and I don't. give a No offense what you've always. been told. I don't Everything you've always been. told has been wrong. You know that. Stop. listening to people who don't know what.

they're talking about. I don't give a. people have said. [laughter]. Educate yourself. Inform yourself from. reliable sources. Don't the I've always. been told. That's done. Just to be. clear, that's done with your life. Don't. No more urban myths. Well, how do I How. do I even know that you're Cuz like. that's a big thing too is like content. from YouTube and forums and. I've looked at books and it's like. they're dated information about the. economy that was like 10 years ago. Well, I'm not trying to get You You. don't need an economics degree, but. simple truths about debt are pretty.

similar. Depends on who you ask. That's the thing. is like there's always a different. opinion like You know there's always a. different opinion, but there are. objective realities that. YouTubers like Graham Stephan like, "Oh, you can just do this with your credit.". Or like Yes, but he never say hold a. balance. He never says once hold a balance. I'm saying there's lots of different. YouTubers. Who says hold a balance? Nobody hold the. balance, but like that you can use a. card for this for traveling or you can. travel hack and do it like, "Oh, it's 5%. open. you always can. If you're a credit card. person, you're not a credit card person.

I'm all about that too. Yeah. You're leaving out the equation where. you hold balances. None of them say hold. balances. So, I I I disagree with what you're. saying. Sure, people have different opinions, but what YouTuber is saying hold. balances? Not necessarily, but there are there are. What is it? People who have said And. granted it's probably mis-. pushed out by banks like saying that. keep a little balance to show a payment. history showing that you're making a. payment. Yes, but even if you did that, you don't. have a little balance. I want to I want to. come after you and like obliterate you.

for holding a little balance. I'd be. like, "That's stupid, fix it." But this. is not a little balance. So, again, When. we had two incomes, it was easier to pay. off a lot of these. But it's not and it hasn't been for a. while and you haven't you haven't. adapted. Yeah. Even cut back, you're still spending. And that's [clears throat] kind of my. goal is like how do I live off of the. one income? Cuz together like our. finances were like we were making about. 70k together and then our apartment was. pretty cheap with the roommate. You're all right though. It is hard to. sort through what the good information.

is. I I've seen actually just a lot of. people And this is just a vent of my. own. A lot of people are like, "Why. would people ever buy the budgeting. program when all this information is for. free online?" It's so hard to tell. what's a reliable source, what's good. Everyone has different opinions. So, what we did is we like brought experts. in in the field together and we like. created like one concrete place that. everyone can go through and it helps. people like you. It helps people like. her if you're that person who's annoying. and says that kind of crap cuz it's. impossible. You go and try to search. things and you're going to get a lot of. information, but you're correct. None of.

the information that. says what you're doing though. So, I. like I I don't buy that. Well, there's. Frankenstein a bunch of information. like, "Oh, it's not that bad." Or it's. you know, the misinformation from family. who obviously are Never listen to family. about financial advice. It doesn't make. sense. But who do like that's the main. people like in your corner? I know. No, no, no. You're right. No longer do that. Just don't. They've led you down the. wrong path financially. Just don't. listen to them anymore. You email me.

Okay. You email me. Can't promise an. instant response, but we respond. I'm. going to put your budgeting to the test. Yeah, yeah, yeah, yeah. And you have the. Discord with all the other guests so. they they can help too. Everyone's like. holding each other accountable. What. What are the minimum monthly payments on. the 401k total? Oh, um my bad. It's okay. A little bit. of a squirrel moment. We we went down rabbit hole. So, they're. all relatively small and they come out. of my paycheck. So, I don't even see the. payments. Um They come out of your paycheck so. then never mind. I'm not counting them. cuz we're I'm trying I'm We're going to. do your net and then we're budgeting off.

of that. So. And they're all under $20. As a viewer. of my show, I'm sure by now you have a. good understanding of not only how. important it is to take care of your. finances, but also how important it is. to take care of your financial future. The sponsor of today's video is Moomoo, which also happens to be my go-to. investment app. They're currently. offering lots of amazing ways to more. effectively take care of your financial. future through smart investing. First. off, you can receive up to 15 free. stocks by simply making a qualified.

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Probably like when I'm just in the city, just 120, but Normally, just on average. It's cuz sometimes I drive to Colorado. and that throws off my budget. On average on a monthly basis, how much? Average it out. Probably 150. Okay. What's the new car insurance going to. be? Um it should be 128. and then that's bare minimum insurance. Okay. Okay. [sighs]. Tell people fun this is. Anything else. you need to survive in life? $100 going.

to the grocery store, buying food to. eat, $300. Communication in that? Do you No, no, no, no, no. Okay. Not yet. That's in medical. So, medical, give me your medical expenses on a. monthly basis. This includes therapy cuz. you should be going to therapy to be. clear. I think we already determined. that. I'm trying to find a cheaper. therapist, but with the current cost. after insurance, my therapist is 190. I. go once a week and then medication's 80. some align stuff where Well, that's it's. This is a telehealth and stuff like that. too. Like it's a specialist. She's a.

specialist for my condition. Okay, so. how much What are we going to budget for. that plus medications? I just need a. number. You're going to do this more. concretely anyway, but I need a number. Um. I'm on the waitlist to go back with a. student so that should put it back down. to 80 a month and then if I need the. specialist, 190. And then medications? $80. Jeez. Yeah. And all these numbers changes when you. lose your job by quitting your job, which. And that's where I'm at. I was like I. want to quit my job, but it's like I'm.

chained. Subscriptions are done. No more. What's your rent currently? It's going to be base 830. Water, gas, electric? Um about 70 for. water and trash and then electric is. um between 80 up to 120 depending on the. winter. Call it 100. Internet? Paid for by the company, but it's 40. That comes out of my account. Okay. But they reimburse me. Okay. Cuz I work.

from home. All right, here that minimum payments. Let's get that. Yeah, watching you type isn't a. [clears throat]. isn't the most comfy feeling right now. should have done this multiple times. before coming out in here. And you'd be in a completely different. spot. Let Let that be a lesson to everyone. else. who's watching. cuz you can't go back. Okay, $979.97. That's insane. think it was that bad. I don't.

know how you didn't, but okay okay. Cuz. it's a lot of money I don't even look at. it. It's a lot of putting your whole. head in the ground hiding from it. So, let's get your minimum monthly. expenses. Anything else that you need to survive. that I have not incorporated into this? No. I I use my main job for that. see gym? But that's also from It can be. reimbursed. I just have to send. statements and it's only 35. Okay. And that's Send the statements. Okay. Okay. So, minimum in order to.

survive, is $2,967.97. Oh, and food for Patches. How much? It's about 40. I get the big. bag. I'm also throwing in pet insurance, so. let's call it 60. 60 for dog. Do it. It has saved me thousands. It. will save you. I feel like I've looked. into before, and it's not that cheap. So, who do you partner with? Well, I. don't have a partner for this one, but I. use uh Well, maybe it is more expensive.

I I I haven't looked. Pet Best because my company owns Pet's. Best. Okay. I I do Lemonade. Mine might be 40. 40? And that's for. So, let's call it 80. Total for dog. Hi, buddy. I'm going to give him I'm. going to give her a pet. Well, hopefully. they don't quote too high cuz my other. dog is older and I know it might be more. difficult, but let's at least get the. younger one on so they can be on. something. Okay, so plus 80 for that. Brings us to. now 3,047.

$0.97. She's farted on me a couple times, but. she is very cute down there. At least. your feet are warm. I know. [laughter]. I enjoyed giving her pets before we. filmed. And many pets after. I'm working on. getting the paperwork for her to be like. proper kind of support animal, but my. She seems like it. She's so freaking. chill. You should meet my other dog, who's my actual support animal. He's more chill? Wow, I didn't. Wow, that's wild. I didn't know that was. a thing. Yeah. Well, he's old. He's my.

He's my little man. Do you want to see a. picture? No, sure. Yeah. But he's he's kind of expensive because. he's old. How old? He's going to be 12 this year. Oh, yeah. Kind of dog? He is a pitbull mix, staffordshire. It is. Aw. He's just a baby. just your handsome boy. But my ex took. him, so Oh. We're fighting in court for the dog. Yeah, I would, too. I would do anything for mine. Okay.

Yeah, I'm driving to South Carolina next. week for court. So, she's getting about. 3,000 bucks, so you're like breaking. even. But you said it's going up. It's going. up because we just got a court. So, what do you think it's going to go. up to net? Like 3,200? 3,300? 3,100? So, it's 3% off of my new base, and then the 10% differential, so it's. like I'm making like 25.50. an hour. For how many hours? I work 40s, and then sometimes I'll do overtime, and. then I have a second job. How much do you think it's going to be. net? I I've tried to ask that a couple times.

What do you think it's going to be net? Mm. Cuz you have a lot of things that. you can take advantage of. About three, so it's about the same. Yeah, it's about. that. Because a lot comes out for insurance, a. lot comes out for the 401k loan. Well, I have bad news. You need 3,000 to. survive, so. unfortunately, we've dealt with this on. a few episodes now. It's like. I I mathematically, there's nothing I. can do here. Like if your income is what. you need to survive, and that's you. living at a minimum, and you're not. living at a minimum right now. You are. going out. It's not a crazy amount, but. you can't afford it.

And any you like a penny, you can't. afford it. I'm getting heartburn and. sweating from this mess. This is a big. one. Yeah, I had to bring a small tree to get. all these statements. I would certainly be working as much. overtime as possible. Anything that's. available. Now, again, this is going to. be a mental health thing, and you need. to talk to your. uh mental health professional about. this, but what I'm saying from a. financial point, and that changes based. on mental health. Stay there as long as you can in this. job, and then we move back when things. are financially secure. I don't want you to walk away from this.

You signed the contract, so let's be an. adult. Let's pay for it, and I know you. can do it. Pick up as much overtime as. you can. Now, what sucks? I did recently. start a second job. Really? Yes. How much are you bringing. in? 14 an hour, but it's not a lot of hours. How many hours? It's about six a week. doing weekends, and then um. once in a while I'll do. like DoorDash and stuff in like the city. now that I live in a bigger city. Yeah. not a whole lot. Well, let's go off of.

that. Yeah, it's going to be an extra about. Well, yeah, net, maybe 300. Yeah, for. tax. 300 275. That can help start moving the needle, but again, for. let's minus the car from the total debt. But. I'm just about What does this give you? Let's say you put the extra 275 towards. it on a monthly basis. Takes 54 months. Four and a half years. Uh that's I don't want you to wait that.

long to move home. So, it's clear as we. just you need to work as much overtime. as possible. If that second job is not. giving you enough hours, we're getting a. different second job. Uber Eats, it's. going to be dependent on the area or. DoorDash. If it's worth it. because it has benefits, so I don't have. to pay for the gym anymore because I get. a free membership. So. Well, okay. Well, I'm sorry, but saving $13 a month is not. going to be the make or break. Whereas, if you go make hundreds of dollars more. a month somewhere else, it's going to be. much more worth it. What's bigger? Hundreds of dollars or.

dollars of the gym? Well, obviously, yeah, but I'm just saying it's like just. trying to find a job that doesn't. interfere with my job is a big thing. Yes, absolutely, of course. This is. going to take work. I'm not saying this. is the easiest thing in the world, but. if you if you only do what you're doing. now, it's going to take five and a half. years, and I don't think that's an. option for you. Yes, it's not an option. I do not think so. So, what you have to. do, have to do as this a responsible. adult, I'm sorry that you're in this. situation, but you are. Hopefully, some. things with the court, you know, that. helps, but you know, regardless of all. that, what you have to do Exactly. But. what you have to do regardless is you're.

going to need to bring in about an extra. $500 a month minimum. That will at least. bring this closer to like three years. You know? If we can get even like an. extra $1,000 a month, which might be. you're you might be looking at. I'm. working like 70 hours a week. This. sucks. I have no life. That's okay. I. would rather you have no life for two. years and have an amazing rest of your. life because you have so much life to. live. But if you keep kicking the can down the. road, and you don't sacrifice now, it's.

going to be long. It's going to be. painful. It's going to be stressful. It's going to be bad for your mental. health. You're never going to have. enough money to retire. And it's going. to just be bad, and that's not what I. want you to do. So, right now, sacrifice. is the name of the game for you, and by. that, I mean not only cutting back on. your expenses, but working as many hours. you as you can at any amount of jobs. DoorDash and Uber Eats, you're going to. I know people here who have made a ton. of money, and I know people here who. make no money. You got to figure out if. it's mathematically worth it after all. expenses and maintenance and gas and all.

that. If it's not, we're trying to do. something else at a coffee shop. For. example, uh here at Tesla, I can't speak. about your town, but they're like. they're like begging begging at the. Cybertruck plant. Begging begging. Like. 23 bucks an hour. Like they'll accept. anyone off the street. They're like, "Please, we need people." Like there are. opportunities. Not luxurious. Not great. But guess what? They will get you out of. this situation. And if you can get out. of this in a couple years, you have so. many decades left. So many decades left. of an amazing life. But that is your.

choice going forward. On the mental. health side, you need to talk to a mental health. professional about that. I can't do. anything, but. the finances, all of that, from our end, it's your choice. Hammer financial score, let's let's do. it real quick. I I'm guessing it's a. zero, but I mean, let's think. Let's. think. Spending for Actually, spending. in a budget. You shouldn't be overspending your. budget. But where your percentage is. were in terms of your food, I'll. actually give you a more generous two.

out of 10. Unfortunately, that's generous, but debt. You're missing your payments. You're not. in collections. You are taking out of. 401k. Uh I'm going to give you one out. of 10. Emergency fund, there's nothing. there. We drained it zero out of 10. Retirement, there is there, but you. borrowed against half of it. So, to vest, and then it's going to be. double cuz it's like Well, even still, we are borrowing against it, so I am. going to have to lower it for that for. your age. I'm going to give it a three. out of 10. Real estate, not there, and. don't get there yet. Trust me, you're. going to kill yourself if you do. Zero. out of 10. I mean, just look. You're. breaking even right now with a low rent.

So, a mortgage does not make sense. Hammer financial score, 1.5 out of 10. Make sure to check out all the resources. linked in the description below. They. are what I use or would use in specific. situations, including the best budgeting. program in the history of the internet. [music]. Thanks to all of our Patreon producers. for making this episode possible. If you. want to participate in an episode of. Financial Audit, and you're able to make. it to Austin, Texas, [music] please fill. out an application in the survey linked. in the description below. You can also. send a link to your friends or family. who you think might be good to be on the.

show. If you have any questions, you can. email casting@calebhammer.com.