Nurse Making Excuse After Excuse… | Financial Audit

dney I'm 36 years old based out of. Austin Texas and this is final audit so. what do you do here in Austin for I'm a. nurse nvan and I work with home health. patients like tra vent patients mhm so. you're one of those evil people who. stick people with needles and make them. pass out not talking about myself. definitely not at all not Afra of. needles I have no fears I don't do. that uh cool well I love nurses that's. awesome my mom's so always always a big.

fan great career path to go down uh what. are you making right now in this. position um so I would say like my. monthly income that hits my bank is no. less than 7500 a month 7500 a month yeah. that's crazy net is it crazy that's I. mean this is really freaking again. nursing is great that's $90,000 post. taxes post retirement contribution post. health insurance post any other benefits. yeah then that's the minimum that's the.

minimum well what do you think it is on. average probably a little closer to 85. but I try. to that's funny because I have no money. so well that's your choices I know that. was literally going to be my question I. was going to be like how the did you. possibly get into this kind of D and how. the and why the does it still exist. would be the main question CU okay maybe. we get into that because of bad mistakes. but now we have $88,500 coming in on a. monthly basis on average coming in.

after taxes yes after. benefits that could essentially wipe. this first card off. the okay which wait which one is that. well this is the Discover we'll go. through them but just. why why are they not paid for not even I. can tell you the whole story my life. kind of fell apart this year this year. yeah yeah just pretty much this year why. what happened so I moved here a year ago.

and I bought my house in January and I. was working so typically for me working. full-time is 72 hours a week I work two. oh that's what it pays for yeah so I. work two full-time jobs minimum both. nursing mhm yeah and the 85 is after. that mhm okay so that's both jobs. combined that's not just the nursing job. the one of the nurs yeah no that's all. my income so both of my job yeah and my. child support all together go ahead um.

so after I bought my. house um and I was super proud of myself. yes the first house ever it was so. beautiful sure um one of my full-time. patients passed away which is going to. happen in that line not typically not no. like I've been doing home health for. four years now home health we're not. just talking to elderly people um. sometimes elderly so when I elderly. people tend to sometimes no longer right.

away not right away but um so I I. started working in the ALS. Community which is an absolutely. horrific horrific disease yeah terrible. um I feel so like I feel so badly for. those families and um so so that. happened and then it takes several weeks. to like establish with a new patient. through an agency or through yourself I. work through agencies yeah St like. staffing agencies and then so I. established with a new patient.

and then it happened. again so I'm not uh that happened three. times this year I lost you didn't have. an emergency. fund um I did kind of like when I moved. into my house I probably had like. 105,000 in the bank okay which I don't. know your budget so I don't know what. that would have covered. but so okay that's not the part where it. like really fell apart oh um so but any. that made it difficult and then.

through so in. May um so my children I have two. children ages 15 and four okay um their. dad is very very ill and so in may he. actually got a terminal oh God. diagnosis so okay please don't freak out. when I tell you this sentence just. listen to the situation um we had to. take an Emer trip to Hawaii because he.

lives in Hawaii okay and sure it just. sounds stupid like when I well not. really that's where he's based on it not. really but it's obviously an expensive. trip very it makes sense basically. financially just devastated my entire. life how much did it cost so it cost. upwards of $4,000 in expenses alone and. then another $4,000 in my lost income. for like the weeks that that does not.

explain all the balances we. have well that was like all accumulating. During the period of not having patience. that's why we have an emergency fund in. your situation if we know the people we. work with us it all when I put all my. money on my down payment on my house. that's not an emergency fund well not. having a house is also an emergency no. you can rent you rent no you save up a. down payment and you do never never. never never get into the world of. property ownership where expenses always.

come from repairs that always come. unexpected you do not get into that. until you have a six-month emergency. fund of what would cover the budget once. you have your mortgage property taxes. everything included and minimum living. expenses I had like $25,000 anyway you. just said could down payments I couldn't. rent because I have to stay where my. parents are cuz they help me with my. kids what you're what what you can't. rent a house not away from my parents. cuz I work night shifts what but I'm so. are you saying there was not a single.

police place a single piece of property. a single piece of property near your. parents that is rentable not a single. piece no we I could tell you where we. really live I don't live in. Austin in like the metro area no no I. live. in okay I'm sure there's rental we bed. it I'm sure there's. rental should I look should I look no I. need to live on the same property as my. parents I know why couldn't you because. I work night sh that's fine we rent a.

three-bedroom house why can't okay how. many bedrooms is your house right now a. three-bedroom two bath why can't we rent. that and then move my parents in. yes that's the same exact thing you're. not getting Equity if I was paying rent. all that time I wouldn't have a down. payment for my house that's not that's. not buddy bu I mean you make $8,500 a. month net yeah so if you paid rent of. ,00.

$2,000 that does not equal. $8500 a. month but when my patience passed away I. wasn't making that much money go so. anyway this whole credit card situation. is because I had some bills on. autopay but as you can see did I have. any transactions on any of them no no. but why are you not making progress and. that's not what I'm upset about and I'm. going to get you what I'm upset about I. didn't have money. how long when's the last time one of.

them pass. away it was right before I went to. Hawaii which was jul July so pretty. recent and you've landed and established. that patient new patient yes so sep or. this we do not get a house till we have. a fully funed emergency fund you are. basically I would consider you almost a. business owner in terms of your. operation of how this works I would. probably have a 12-month emergency fund. in this business I wouldn't have a. single ounce of fund or do anything or. get a house or anything unless you had a. 12 month mer fund you went across it the.

wrong way you losing a patient in a job. where the patients are lost should not. be a surprise should not wind Us in the. debt it should not an excuse we were. living. in off okay okay okay camper that's fine. I it's it's not that I want you to stay. there it's that I could find you a. rental property let's do it now I will. prove you wrong and I will show you I. will show you and if I'm wrong I'll. fully admit it but how would I.

rent and then have my. parents my parents need to be with like. where I am why could they not live in a. place you rent this doesn't make sense. because they the property that we live. on is their property and that's where. they run their businesses you bought. their house I bought my house and put it. on their property and now you're going. to think I'm even. stupider. oh wait so you purchased the build a. home on their property yes so they.

bought a big you don't own the plot of. land underneath it no but I mean it's. it's supp it's going to go to me anyway. at some point and they're gracious. enough that they don't they don't charge. me any rent to have my house on. there and like I use from the like from. the well like we're really in a rural. area and so we're off of like well and. septic so they couldn't live off of. their own property it was a to.

it was a totally um Oh you mean they. couldn't live off of no because of the. businesses that they operate from there. I want to take a brief moment to thank. today's video sponsor rutin rutin is the. largest cashback site partnering with. over 3,500 big Brands like Nike Target. Walmart Walgreens and many more to bring. you cash back coupons and promo codes. all for free and using redin is super. easy you just click click the links on. rutin or use the browser extension then.

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there and him and my brother do like um. by the way in that small town 21. properties that would qualify for what. you're looking for that you could have. well AFF on your income yes while I give. other people my money temporarily it's. not that I don't want you to get a house. I want you to get a house I want. everyone to get a house you just don't. get a house without an emergency I. already have the house so that's all. like I think that's kind of what. happened like after I got my house I. just don't like the excuses you're. allowing it to be excuses well I needed.

a place to live there there it. is that that was it anyway that's. already done that's already done so now. I'm in a position where I can start. cleaning this big old mess up should. have been doing it already but go. ahead there's no reason that this should. exist there's no reason but it does. now yes so now I want to clean it up no. no we can clean it up but the only I. don't beat someone up for taking this.

out what I will do is beat up the. reasons as to why and. because it's continued Behavior if we. don't address why we didn't do this. cough cough we did not have an emergency. fund for a job we definitely need one. and cough cough because we got a house. because we refuse to rent because we. don't understand how money works when it. comes to buying property and needing an. emergency fund because properties that. we own always break down and properties. that you rent would be taken care of via. landlord okay cough cough because we. just continue making mistakes.

financially so if we don't address them. if we don't talk about them then there's. nothing to say none of that will. continue in the future I'm not going to. be a there's a $9,000 balance on here. you took this out that's crazy no but. the actions around and why is what we. can talk about and then yes I will get. upset as I have done so far when we make. excuses around them instead of accepting. responsibility and that what we did was. dumbass the okay all of this part yes.

totally done in the house without an. emergency fun I need to live I needed a. place to live but we were living in a. camper with two kids myself I work. during the the night so I have to sleep. during the day what type of businesses. do they have it's like. construction okay like big I don't know. and they construct equipment constu. heavy equipment they do like groundw. work so lots of big heavy equipment they. do the jobs rapers and yeah they have.

all of that equipment but they need you. for medical care my parents uh-huh no I. need them for child care for child care. at night child care I listen to that. wrong okay at night so I work so I will. absolutely push back I will absolutely. push back congratulations let's go into. my life a little shall we cool my. grandma watched me all the time cool my. aunt watched me all the time when I was. a kid and my parents were at their jobs. my mom's a nurse so there we go very.

similar situation guess what she drove a. few minutes to drop me off of that house. do you need to live on the same property. for that no you drop off and you pick up. at night yeah there's a guest set six. nights a week do they not have a where. does the child sleep they sleep in our. house okay and the grandparents go over. there my parents are right next door. their camper is parked right next to my. house okay so could they not they. they're in a camper right now too. they're in the same camper cuz their.

house is still being built oh my gosh. this is just so. weird so I mean hopefully their their. house will be done Camp my parents no. they still live in the camper okay could. the kid have slept in the camper the. kids well when we were all living in the. camper could they still sleep in there. without the house have been built can. they sleep in. there tell.

all I'm saying all I'm saying we did. that for six months all I'm saying is as. long as it's not a dangerous. situation is it a dangerous. situation are there wolves breaking into. the camper or is the camper falling. apart we do have coyotes and no the C. spooky spooky okay so our puppy while. you rent for a year will we save up the. proper amount to actually go into a. property without up and getting us into. this situation of which we've not even. come close to addressing yet that is. when okay we drop them off there and.

they can stay there if they normally. have throughout the night we build a. house eventually or we buy a house first. of all I don't like that you built a. house on a property that you don't even. own so yes it should come to you and we. better hope it does now because you've. uh bet on that yeah and they don't. charge me any rent for having my house. there like on their property how big is. the property do you know it's like 16. Acres 15 16 Acres so we have a credit. card and you're right you have not spent. time on any of these so let's go through. the Debs but we will talk about a few.

things that are pleas quite upsetting. quite upsetting I know I'm I'm a big. mess do you know what's. upsetting uh mostly that I didn't have. money to make any payments on majority. of these which again should not be in. your shouldn't be a thing shouldn't be a. thing for you in your income it you've. you've made the choices necessary for. that to have failed yes and without us. addressing them accepting responsibility. accepted that maybe we didn't make the.

exact right choice and yes you want the. best place for your kids you want the. best future for your kids. temporar the risk surrounding what. you've gotten into can make you end up. in a worse situation overall if we go. in with things to cover our overall risk. profile that protects you and the kids. and that's the emergency fund that's. renting for a little bit in order to. make sure we're getting into the home. purchase that makes sense okay so. $969 with $198 of Interest AC crewed $41.

of fees minimum monthly payment my. goodness. $1,595. now jeez your credit score is almost in. the 400s I know but it usually hangs. around 750 so that's why like when this. started it just went boom into the. garbage can what do we. have which one we have a late fee oh I'm. sure a late fee I'm sure what do we have. late fees constantly. yeah.

actually. death I know there's late fees on some. of them yeah you've had about five late. fees on this card so far this year just. $1,619 there's no excuse. there what you took a breath in like you. about to say. something it was mostly because my life. fell apart that I didn't even I actually. didn't even look up how much this was I. will allow that for okay our life Falls. part for a month maybe two months five.

five Mis payments in a year where. there's only there's only been 9 months. at the time of the statement five out of. nine five out of nine of which your. patients were not always dead during. that time they're not always dead you. were collecting. money oh that's the other. one I know I'll check your blood. pressure after this well what is what's. upsetting me here what's upsetting me. here is that.

It's upsetting to you it's upsetting to. me too I couldn't even the number might. be upsetting to you but what's upsetting. to me is that we can go through all this. and I can create a plan to actually get. out of it but you've not accepted. responsibility for a single thing you've. not accepted that anything that was done. has been incorrect it's like okay I can. make the plan I can make the plan to get. out of it but will you actually follow. it I am not confident so far this. conversation I like I take total. responsibility of all of these cards. ility but not accepting but not.

acknowledging it was bad and the actions. that were bad this is bad this is a you. should have bought a house so you. shouldn't have bought a house. yet. exactly 1,000 it's this basic math dude. just that one thing about my house like. I need just one thing you know how much. a house costs yeah I'm pretty sure one. thing if talking about one little thing. but it's like the biggest part of our. net worth biggest part of our debt uh. biggest part of our monthly payment 25%. of my monthly.

income uh well and again that part of. the math maybe that part of the math. makes sense but we just don't get a. house without a fully funed emergency. fund and you chose you wed to get into. it quicker than over actual math 900 or. $290 of Interest stolen from you this. month on this. card yeah you must have not me though. because the minimum I didn't make. payments on these for a long time oh. 1,500 they didn't have any so these. aren't the normal minimum monthly. payments I wonder what they will be once.

you catch up on things yeah total fees. this year charge 106 bucks. $2,465 of Interest acrw this year so far. kill me Death at a 26.99% interest rate. ruin everything okay yeah I'm like a. zombie with death. Deb oh is this is this American Express. I totally paid it off American Express. doesn't exist gone goodbye good job okay. we can celebrate that that's great good. and I paid my I didn't even send my.

master card cuz that got paid off too oh. past month very very good well progress. is being showed that is that's good. that's good and if you want to if you. want to celebrate with me right now cuz. that just made me feel better hit the. Subscribe button we're trying to get to. a million subscribers I can't even. believe I'm saying that that's insane. thank you to everyone has subscribed so. far thank you to you for subscribing. thank you for uh being here by the way. because I know I know it's very uh. difficult but uh you're doing this to. make your life better and that's awesome. and you're also helping people out there. who relate to your situation so you had. a late payment fee but you paid off the.

card can I rip can I rip it can I rip. destroy actually what you should do is. probably chop up the credit card but go. ahead oh I don't know where any of these. credit cards are rib it that's kill it. yeah end it bye American Express bye. American Express do you have any car. debt vehicle debts no my so my two cars. are totally paid off two cars what are. the two cars I have a um Chevy Equinox a. 2013 Chevy. and a.

2013 Mercedes C300 which one do you. drive the Equinox mostly why do you have. the other one uh that was my ex's car. that I bought him so no but you bought. them why don't you go ahead and sell. that pay off all this debt uh well I. don't know all it I know people have. suggested that I do that a lot but it. makes me very nervous to only have one. vehicle just because I work so. because this is going to cuz what what.

we're going to do is we're going to make. sure that in the end you're going to. have an emergency fund which it won't. matter if something happens CU then you. go get yourself a car so we don't need. an emergency fund by having an extra car. let's have an emergency fund by having. the monies can I wait till I have an. emergency fun cuz my Equinox has like. 250,000 miles what we could do okay what. what do you think you could sell that. car for today have you looked at all. have you checked the Kelly Blue Book. um there's other accurate sources as. well but okay we can let's check that. because one thing we could do is uh okay.

we aggressively pay off the debts we. hold on to that car and as we're. approaching saving up the fully funded. emergency fund we sell that to close the. gap and finish okay having the fully. funded emergency fund and then um boom. you know it's there but you bought it as. a gift sure but you bought it you own it. so that's good yes I I own it so what is. this what am I looking at here this is. my property address this is for car. house this is your house yes and an 8.5. in.

R. bad bad it's rough I bought it in. January I don't know if that's what it. things were going well with your credit. score it would be crazy no my credit my. credit score was 750 say if you bought. it now who knows what this would be oh. yeah but I mean I bought within the 6%. and even that hurts that was a bit much. for. me 8% it's you're not going to beat the. stock market with us so it's almost like. maybe we want want to pay it off early. so it just becomes a little more.

complicated at this rate I What's the. total balance on this. thing. 190 oh right here. oh um so I kind of have a plan for. this crazy monthly payment for that for. that uh balance because that's a crazy. interest rate this takes a lot of money. from me on a monthly basis. $1,925 12. interest rate 8.5% 233 months remaining.

paid off in the 40s oh this is a 20 year. loan I. guess inter interesting I just haven't. seen someone to do it personally I've. seen like commercial loans like. that. uh you did take this out for yourself. not like yeah did you go through a. business type thing or anything well I. went through like as myself as a. business it has my name on it what like.

the title of the house okay okay oh this. is interesting that explains the monthly. payment being pretty high as. well you mean because the the amount of. years is shorter yeah so most people do. 30 15 is an option but you did 20 which. is. interesting some people are doing 40. some places are offering 409 which is. crazy I'm just glad she didn't do that. now this we had no idea what the this. was my um this is my uh car insurance.

for both of my vehicles together sorry. that's trip. away sorry okay and we have a checking. account yeah let's get to it now vending. machines at work in Amazon Tractor. Supply Texas coffee thing what which one. is which one what never mind just go. through it uh why do I so I know your. Verizon bill is expensive but why do I. see so many polls from Verizon I paid. off all of my devices this month last.

month oh okay good because I wanted to. because my phone bill that make sense. though with the interest R because I. wanted to try to get out of my phone. bill and get something cheaper you're. going to switch it's like mint we. partner with me help thinking about it. um so anyway this will take $50 off of. my monthly payment anyways yeah but um I. kind of sent $100 to fun some account I. don't even know then Netflix and.

Amazon oh that that's Sofi oh that was a. transfer to Sofi that's my one and only. uh little $100 savings hey it's a start. and Sofi is a good one that's what I use. and. Amazon so hello sport Amazon mushroom. sub showman theater Amazon. Starbucks PayPal and out money Woody's. travel Woody travel uh some of.

Brookshire yeah some of that. gu yeah well see uh Brookshire and. Brookshire is a grocery store you're. only going and spending $20 go and get. like dinner for the kids sometimes yeah. I think we should probably meal prep. yeah so so what are you doing spending. 200 oh ATM would draw $200 ATM would. draw $200 and there's your little cheap. grocery store dinner there's your Amazon. uh grocery store dinner. Chick-fil-A so certainly spending so you. don't go crazy so if you saw the last.

Starbucks that's the LA that's the day. that I learned about. you have you had a single fun purchase. since. then be honest not really so if you go. back to the beginning there was a Texas. coffee um that was for my son because he. got shots that day so I took him to get. a smoothie in a no one takes me to get. smoothies after shots. um but after that it's been pretty much.

HB gas HB gas H we shouldn't do those. one off dinners at the grocery store no. I don't do that anymore and the yeah and. then the. 71s that's like my sons so I have not. given him 7-Eleven in almost it's almost. been a month well what is it what's the. purchase that's so when I pick him up. from. preschool oh it's the young one he. wouldn't even remember it I what is it. what's the purchase it's just like a.

smoothie and a fruit cup or it's like. his little fun thing that he likes to do. I want you to do that I want you to be. doing that not every once in while I. want you to do that every single day we. get there by getting out of debt and. having an emergency fun yeah so I've. told him no like dude with your income. when you have a fully frun emergency. fund you're you're spoiling the out of. them you're honestly probably paying for. the 15-year-old's college quite easy I. am hoping to go in that direction yes. but we need to get out of this now by. I'm sorry cutting all the fun things we. have $1,000 of fidelity that's like. basically nothing and then 2,900 in a.

retirement plan is that all your. retirement pretty much like 3,500 yeah. okay that's dramatically behind for 36. and that terrifies me well I never even. thought about retiring well it's not. think about retiring because your kids. are going to be responsible for taking. care of you if you. don't I'll probably just die at work. well with my patience you never know. something could happen where you can't. work anymore and whatever and stuff we. can't necessarily reely we don't know. where things are going to last from the.

government you don't know what um you. know who knows what it's like through. the workplace at the time so yeah now. okay we have 178 this is uh gas. electricity electricity so I'll put that. in your budget so we'll start the budget. electricity did I I think I sent you I. have a couple more documents so we'll. see uh forizon so what is this bill. going to be now so hopefully it'll be. $36 still so much but that's you and.

your kids right me my daughter and um we. can't get internet where we live cuz. it's such a rural place so wow yeah. really mhm so yeah we pay a lot of extra. fees and our stuff to get internet to. Ral places I'm annoy well they didn't. reach me um so I have two hot spots I. was considering switching me and my. daughter to a cheaper phone plan but. then will it include the hot spots. though cuz you guys need to have. internet well I could still keep the.

hotpots on Verizon and that would only. be $90 M or something like that this is. the thing because my daughter is only 15. I don't she's under a family plan like a. parental yeah a lot of those places have. family plans so the ones that I looked. at they don't have it where you can have. parental controls oh I see you have to. so like on mint but are they iPhones. what are they Android. I'm not sure with that but sometimes in. the phones themselves you can set up.

parental. controls how would I control it. from you set up the li like an app you. would set up the limits of what they can. use within the phone. internally so not it's not going to be. like an access from your thing what are. you afraid of her doing. dude well she's 15 I know and so it has. like GPS like I can find have sh have. her share her location always just make. it a roll and she turns that off boom. grounded like that I mean that can be a.

thing I mean if she's trying to go buy. something you're not going to be able to. stop that with parental control so like. I mean what are we what are we doing. here well and then I because you know. I'm not home at night too so I kind of I. can kind of control you know internet is. gone from 10 p.m. to 6:00 a.m. you. should be able to control that with the. hot spot still though maybe maybe I I've. never checked that but the grandparents. unplug her phone has the. yeah well I mean there's different.

things let's look internal let's look. internal to see if you can switch to a. cheaper service if you can't maybe you. can't just because of that but but also. I mean I mean I don't know I don't have. kids they're stinky and. smelly if you don't give a bath do I. just have to ask just because I was. lucky enough to not have super. overbearing but I know some people that. have had overbearing and they're a. little more sheltered and had to come. out of their own things and do you think. you're a little overbearing like we're.

not allowing cell service in the night. like what if there's an. emergency no so the way that ours is set. up right now she has a number of uh. phone numbers that can access can call. her and see this sounds so she's 15 I. don't know I'm not a parent I can't talk. on this I'm just I'm just honestly more. gen genuinely curious I do like how it. shuts off the internet because then. she's not scrolling on Tik Tok all night. long um I don't use talk me me either. but apparently it's a hip thing with the.

young in. so uh what if she does she faces the. consequences of being tired the next day. and let her learn right by being SL be. like Oh I'm tired what happened like I. don't know she's going to go off to. college right and there's going to be no. controls it would be better learning. some mistakes before that I don't know. this this this is beyond this is beyond. what I'm certainly qualified to talk. about I'm just I I like. man you you hear horror stories about no.

I'm sure and I know when I was 15 I was. doing dumbest like really stupid dumb. but guess what because I did them I was. able to learn so that's all that's all. I'm saying I don't know though again. that's outside of my own uh knowledge. and stuff it's this I think it's an. interesting topic though. so uh we also and then you said this is. what again my AAA my car insurance oh. for both cars together yes cool so it's. about yeah it's kind of gone up a little. bit over the last couple months.

why I don't know fees or I don't know. have you missed no I haven't no it's on. auto why don't you check why it's going. up I guess like I just I guess I just. assumed that that was a natural. trajectory that it would go in I don't. know I thought about I play the same. amount by annually I thought about just. paying it off cuz you know how it would. interest on that so I want you to pay. off I mean you can save a little bit by.

doing like by annual next time it comes. up but like is it going to beat the 25%. venture or Discover at interest probably. not yeah so we want to attack that right. now okay uh gas do you pay for gas or is. it electric only no I I pay like $500 a. month in gas wow it's interesting cuz. it's not even in the warm the house type. time of year yet why is gas so expensive. are you talking about car gas or house. gas oh that's that's good to know too so. 500 cuz yeah you have to drive far right.

yes I commute like 100 miles a day you. contractor or W2 W2 okay so I don't. really it's fine I this is same I wish. we could WR off a lot of it but when I. file my taxes in February MH because I. always claim zero I will have a big. chunk to like either put it in my. emergency fund which like whichever you. recommend or pay off a bunch of this. stuff you're not. properly wait wait so you get a big.

refund is that what you're saying yes. not necessarily a good though I mean I. know uh our boy Dave Ramsey uh is a big. proponent of making sure that you're. getting zerar back you owe Zer you get Z. back like I'm not overly strict about it. but it's like if you're getting a big. refund then yeah I mean I think I'm just. super afraid of having it's already your. money I think I'm too afraid that I'm. going to an emergency fun it's not going. to matter so I would rather you have. access to the the money in the moment. and as long as you're not being stupid. we're properly budgeting we're paying.

off the debt we're getting a fully funed. emergency fund you should be able to. manage it like an adult so it shouldn't. be that big of an issue so instead of a. big refund I'd rather that money go. towards investing having the chance to. compound that's not the biggest concern. so do you think I should change my W4. stuff yeah I'd be I'd be looking at some. options put my dependence and stuff so. um uh but building not the budget that's. my main concern right now what gas for.

the house obviously no we're not on gas. so it's electric heating in the winter. yeah there there's no G gas lines but. that makes. sense our area electric hea is expensive. so. um like through like that electric bill. that I had like probably 180 is the most. I've ever paid even with our even in the. new house yeah how many square feet is. the new house it's like 1,700 okay um. but that's even with the air conditioner. running 24/7 so and my house has a wood.

burning fireplace that's nice it's. aesthetically might help in the winter. yeah if if it's you know well insulated. and everything and being in a new. construction hopefully it is uh but cool. so you said your kid goes to preschool. yeah is this government preschool is. this private I don't qualify um how much. it's so as of right now it's 560 a month. oh it's actually not. terrible oh no it's not here I sent you.

a um a breakdown of all my my. expenses I thought I did. um so right now it's. 560 um mhm but I think some subsidy. programs are ending this year uh like. from coid so it might go up to 7 00 in. January oh this is going to be a process.

so I am actually just going to budget. that in cuz it's going to come sooner. than later anyway just just for. simplification ain't no joke dude no it. isn't um no it's definitely. not my daughter I could not afford. preschool when she was. little electricity yep car insurance yep. we got that H2 filter so we need to do. this for the well water yes it's it's. about 50 or. something definitely don't want you.

getting dentary so we're. chilling life insurance there's no like. work program so that's I have that on me. life insurance. 122 Pet Services 44 definitely don't. want the pets to die that's for. pasts. p and I don't we can kill those. scorpions yeah yeah and one of my places. my second place I lived here in Austin. scorpions were quite the pests oh we had.

Morp the scorp who lived in the. light the scorp good. guy safe we don't need those around. little. kids he he protected us from. Intruders okay 60 bucks for dogs gas we. already got. garbage. yeah 100 bucks. what are the $30.

subscriptions so actually I think it's. much less than that now I saw Netflix on. there yeah so I think it's only Netflix. and um Spotify those are the only two. and that actually kids use Netflix yes. kids use Spotify uh that's mostly me. when I work congratulations you're. listening to ads I'll put in 16 I'll I'm. putting in 1677 for Netflix you're. cancel in Spotify cuz I just want to see. some sacrifice I canel HBO and Disney. already sucks cuz HBO actually has good.

on like Netflix but thank you now I feel. worse I think the max is also it's it's. expensive though and then so health. insurance this is after no so like the. bottom half of stuff is like so the top. half is all of my re like everything. that's basically on auto pay the yeah so. the bottom half is more like my monthly. expenses my groceries and gas and which.

makes sense but this health insurance is. that taken from your paycheck it's taken. out of my paycheck okay so this net we. don't have to put it in the budget cuz. the no yeah okay Co it's already removed. of the now you have $800 for food yeah I. spend like $200 a week at HB sometimes. 150 how unique are your. meals how do I prepare are we having a. specific new meal every single day no I. usually will make some like a crock pot. full of stuff like a whole thing and.

then that'll be for the you know couple. days or whatever that's that's pretty. good I like uh you know when on a tight. budget just because we don't have an. emergency fund not having emergency. funds an emergency we just we. aggressively meal prep for a bit like. Sunday and Thursday Sunday Thursday. Sunday Wednesday know whatever it might. be I think I probably so I really think. that could be. 700 no I don't no I think 800's. reasonable I think so what's happened.

the last couple of weeks um I think 800. it's actually reasonable I've kept. pretty stocked well and then so when my. son is like can we go to 71s after. school I'm like well what do you want I. want pizza well we have pizza at home. yeah which is good we're doing that. temporarily again you're going to be. able to spoil them very quickly but. we're just not tell then tow paper and. things for school and things for this. and that and this and you know you know. toothpaste whatever makeup all that good. stuff I'm going to give before I add up.

the total 200 hopefully less than that. but it's like taking into account. sometimes you know school supplies. sometimes you know new pair of shoes is. needed like if they just break them at. school yeah uh through track or. whatever um cost money to join Sports. programs so it's just like stuff like. that yes so we're not doing that right. now well I mean I put I put it in the. budget okay this is put in the budget. $200 on average on a monthly basis. sometimes it'll be like. $50 and then the next month that $150. can go towards that so that extra $150.

can turn it to 350 bucks like for a. school program so you just got to be. very smart how you're budgeting this oh. and then we got to add up the minimum. monthly payments for debts so again this. is a little difficult so well for. house we obviously the mortgage is 1925. MH 12. cents what's difficult is once you catch. up on some of the fees and stuff I don't. know what the minimum monthly payments. are going to be on these cards oh.

okay now they're ridiculous they're. 3,000 right now for both with what I'm. scheduled to get paid next month or even. within the next two weeks I will. probably have the minimum on both of. those done you better yeah I mean that's. I'm just curious like if we budget in. the minimum monthly payments I don't. know what they're going to be I'm going. to. assume 300 for both let's be. conservative and say 400 for both. combined or. individually uh combined oh what were.

they before that you were missing well I. you're right I was paying them off all. the time before the whole trash but what. was like the minimum monthly payment. that you missed the first time do you. know no I don't I have it might have. been six something let's call it fine. six we'll call it. 600 again you this is I'm just trying. building this and you need to adjust it. to fit your situation this is going to. take a few months to get into you need. to sit down on a monthly basis see how. last month went F the budget and see. where we need to adjust for the next.

month but this is just so we can put a. plan forward okay I'd make sure you're. taking the match at your. workplace if there is because that's. 100% return on your money which is going. to beat any of these debts by. [Music]. 75% you look mad no I just completely. messed it up which means I get to go. through this oh. no people always ask me what high yield. savings account do I use for my own.

money some of you know by now it's Sofi. I love them it's great for my checking. account needs it's great for my high. yield savings account needs and right. now I'm getting 4.5% interest on my. monies I love that rate on my Mone so if. you want to get a great rate like that. on your monies just check out the link. in the description below I have a paid. affiliate link there you can get bonuses. all the way up to $250 and I took. advantage of that and you should too and. you're right nothing to we could have. rent for much cheaper in your area and.

that would have been much better cuz I. don't think you can afford this mortgage. right now though it's a relatively me. percentage of your income because your. needs are so high because of the daycare. because of the gas because. of um uh where was it uh the debt. payments the debt payments on the credit. cards that we racked. up it doesn't. fit in your spending so. you know in terms of where you spent. money most of it was going to housing.

internet and phone is 7% Transportation. 9% necessary food going out to e uh not. going out to eat God this grocery. shopping like 16% BS food total was only. 8% Child Care 2% but he said that sub. subsidy might end unknown shopping was. about 8% so unknown. shopping Amazon we spent that much on. Amazon 8% of our spending with to Amazon. Bezos I did buy um that's my my so that. I wouldn't go to Starbucks anymore that.

was $300 no okay but I did get one for. my daughter too because um so that I. didn't have to buy so one of the vending. um you'll see vending charges I buy 5. gallon water bottles like I fill them up. um well why though you spend so much in. the H2O thing purifier on a multhy bases. because I can't drink that water why. from the well then why are we paying for. the purification because it's very iron. heavy and I can't have that stuff going.

through my pipes and into my app. appliances 3.8% went to like. extra um uh miscellaneous things and. then you took and then you took out $400. in ATM we don't know where that went but. 4% this is like the uh Travel Shop the. mushrooms and car wash and a theater so. that was like 5% either way your budget. minimum which you need to survive. currently according to the budget we.

created is. $588 meaning if no one that you're. taking care of dies your needs is 70% of. your income rounded 70% so that's why we. cannot afford the house you're in now we. can when we take care of some things but. 70% of your income is going to needs. that's way too much that's ridiculous. that's death that doesn't make sense it. gives you barely any wiggle room so let. us see what. we can work with here you need to follow. this budget exactly or else there's no.

point yes now I would cut things from. here that we put in like I would. personally cut the Netflix just for. myself I would I would also try to get. the total paper fund down as much as. possible IID try to get the food fund. down as much as possible that might not. be possible but I'm just we're just. trying we're not going unhealthy not. doing anything dangerous but I would I. try my best um H2O filters it's. expensive but it is what it is. yeah gas we can eventually get down I. think fuel efficient car might be the.

next purchase just because of your. situation unfortunately I'm just trying. to I'm I'm probably run my cars into the. ground yeah I know but when that. situation comes I think you can save a. lot of money on a monthly basis for most. people but for you because you drive so. far so much so often yeah we might need. to do that $36 for your phone bill again. if we can cut that down if we can get. this to an extra $3,000 a month instead. of an extra 2,6 14 did you base that off.

of the 75 or 8,500 85 oh average okay I. mean I said what's average. so essentially what we need to do from. here first two months we're saving up a. one Monon emergency fund so the next two. months we're doing minimum well no no no. sorry first month you're right first. month you're not fully able to do this. pay the two cards the minimum. both of them okay first month and a half. you're doing that first month and a half. you're doing that okay so after that.

then the next two. months uh one and a half months really. we're saving up a fully funded emergency. fund so three or uh one month emergency. fund So within three months the minimum. monthly payments in the car should be. we're going to round it to four because. it's going to take some time to adjust. into the budgeting and because our math. wasn't fully there yet so in four months. first we're taking care of the minimum. monthly payments on those cards to get. them back to normal to make up our fees. and then we have a one Monon emergency. fund which is $. 5,885 set in a high yield savings.

account like soofi which is what you. already have so that takes that's take. about four months to do okay so after. the the first month well which is this. month then next month I'll just start. paying the minimums on the cards. minimums minimum payment on everything. now after that and then how much should. I be putting towards my emergency. fund as much as possible again it's the. extra $2,614 youf left on our monthly. basis we're putting all that towards. these objectives so whatever is in line. and process taking care of the minimum.

monthly payments and then that one month. emergency fund okay so it should be four. months we've finished month number four. with a little bit of flexibility uh just. getting into the process under the. groove and then we have a one month. mergen fund and our minimum monthly. payments have been taken care of on our. debts okay actually no we can I think. actually we can do that in three months. because we put the minimum month. payments of the debt Cards into the. budget so with that being Tak because. you're making the minimum monthly. payment on that first month objective.

cool we take care of that in the first. month and then we'll call it two months. to get the one month emergency fund so. three months is done we have one month. emergency fund minimum monly payments. are back to normal now with where the. Discover card should be at that. time you pay that off in three months so. six months is done Discover card is done. we have a one month emergency fund. minimum Mony payments have been cut up. with word the uh Venture Card will be at. that time is hopefully like half no no.

you're considering the MD monthly. payment staying where they are now with. with without interest AC crewing so I'm. going to say it's going to be I'm just. going to be over conservative and say. it's about $10,000 at that time but we. have a little extra money because we. have about $300 extra because the. discovery card no longer exists yeah so. it's starting to build starting to. compound 2,900 to throw at it that's. paid off in three and a half months so 9. and 1 half months all of our debt is. gone except for the house um maybe and.

we have fully fun emergency. Fone so from there what I need you to do. is a fully footed emergency fund which. is going to be $2,000 a month is what. you need to survive in the worst case. scenario but we're actually going to. extend it a bit because of your job let. do a 9month emergency fund because. people. [Music]. die so typically this the unusual ual. year okay but we're going to shoot for. $188,000 I'm going to make sure an. unusual year doesn't happen again minus.

that by the 5,885 you already have in. there we need to save up an additional. 12,15 we now have an additional $3,200. we can put towards on a monthly basis. that's going to take four months. so it's going to take 13 and a half. months let's call it 14 months and you. are. in like the basic spot Financial Freedom. but that's good that's a very good place. to celebrate that's somewhere you. probably haven't been in a very long.

time no um I don't know if You' ever. you've never had a fully fun M's doing. fun so you've never been here so this is. great now what I need you to do from. here I'm going to construct this a. little different compared to most people. because your interest rates is crazy on. your house okay 50 30 20 50% of your. needs 50% of your money is going to go. to your needs it's grocery shopping. school supplies all that good stuff and. your mortgage and all that good stuff. and you should be able to fit it in. there MH uh oh the daycare makes it hard. and the gas makes it hard might be a. little more than that might be like.

55% um this is his last year of daycare. so and then he goes in the public school. system yes good good so that'll help us. get to that 50% so cool 20% on a monthly. basis is going to go towards investing I. would just throw that into your. 401k 401K i' just be investing 20% of. your money until it's maxed out so just. put it in one of those my fidelity or. your work your work oh. 401K now if that hits the max that you.

can contribute to a 401k we then maxing. on a Roth IRA but either way on a. monthly basis and we can talk about this. then that's that's a different. conversation either way on a monthly. basis you need to be contributing 25%. 25% cuz you're catching up on retirement. 25% I would actually like to do more but. we're going to do something for this. house so from there usually we have 30%. or in this case 25% that can go towards. fun. we're not going to do that I can't even. think about fun right now well.

eventually so we're actually going to do. let's do 20% towards fun at that. time and let's do an extra 5% thr. towards our the principal of our. mortgage 5% of our net pay so just pay. it to the um so again 50% on needs to. the um principal is what you mean so. that's what I would do okay with that. you're making sure that the house is. paid off in a reasonable time now once. the house is paid off you know we're. probably that extra 5% might want to go.

towards retirement actually cuz we're. still catching up what you need to do. that the house I mean right now I on a. 20year repayment that might turn it into. 15 years who knows so that'll be really. good all right. now and that's good cuz that's an extra. 20% on a very strong income by the way. that you're able to spend on fun so 14. months really feels very see this is. what I needed I needed someone to tell. me like cuz I was just like drowning and.

I didn't know like what direction where. to go and so this is very and stearing. like oh 14 months and you're like set. like that is so helpful yeah no this is. this is great what's so exciting is in. 14 months you're 37 probably and you. still have decades and decades and. Decades of your life left and it's going. to be incredible and you're going to be. able to retire because we're starting to. take care of that you're gonna be able. unless you people do when they retire. well when you retire you can do whatever.

want you can work but you also have the. choice of not working want to work you. don't have to work as many hours as. you're working that's true you can spend. more time with the kids potential. grandkids you never know but 1,700 bucks. is 20% of the money that's what you can. spend on a month on fun that's a lot of. fun. money let's just say we're going out to. eat 40 bucks you know per going out to. eat with the kids that's 42 times a. month you can go out to eat so I mean. that's ridiculous you have so much money. that gets to go towards fun once we get.

out of this situation we just sacrifice. for a year and a little more year and a. little more and you're in a position. you've never been in in your life and. it's incredible but towards the. beginning of the conversation we around. we're making excuses we were not. accepting that what we've done was a. mistake which clearly the mortgage does. not fit into here right now $2,000 a. month it doesn't I would have rented in. your area I saw things for, 1,200 that. would have made a big difference right. now but either way. as long as you actually accept what I've. said follow this and no longer make.

excuses actually accept the. responsibility for what you're done. you're going to live you're going to. live an amazing life but that's up to. you going forward knowing yourself what. does the future actually look like now. you're leaving this room what what. actually happens I feel very optimistic. because it has a time goal and it. doesn't just feel like forever but what. do you actually do what does it actually. look like you leave here do you follow. this budget strictly. yes I've well I've I would say 99% I'm. already it's just HB gas HB gas um from.

what I'm no housing most oh well and. groceries but yeah transportation is a. big thing transportation and groceries. is about a fourth of your. spending uh about 50% of your spending. 45.5% of your spending goes to your. housing because it's ridiculous but yeah. any final thoughts any questions I feel. really optimistic that this is doable 14. months is totally. doable so I feel a lot better then.

you're going to come on here at 14. months and you better be fully fun. emergency fund no more I'm going email. you sooner and be like Caleb I hope so. let's. see all right for Deany when it comes to. her Hammer Financial score spending her. budget it actually wasn't just that. crazy when it comes to her spending so. four out of 10 uh wasn't good either but. it wasn't that crazy de not the worst. deaths we've ever seen but still not. great obviously three out of 10. emergency fund nothing really there zero. out of 10 retirement dramatically behind.

barely even got started 1 out of 10 real. estate it's going to be a lower score a. 4 out of 10 and the reason is because. it's kind of on a weird mortgage plan. the interest rate is really high the. Market's not going to beat it on just. general stock market returns on average. and it's a big percent of her needs. category right now and she got it. without a fully funded emergency fund as. well so her overall Hammer Financial. score 2.5 out of 10 and don't forget to. check out those resources Linked In the.

description below there what I. personally use or would use in specific. situations if you want to be in an. episode of financial audit and you're. able to make it down to Austin Texas. fill out the survey in the description. below.