Trust Fund Princess From Hell | Financial Audit

Sometimes we give up what we want for a. greatering good. Tickets weren't that I. mean they're only dollars plus the. outfits and we don't have clothes or. shoes when I'm just like in a bad mood. I'm like I deserve this. Bad mood. Just. a bad mood. Yeah, that's why I also. pulled that for my dad for Italy. You. man. Download my budgeting app today and. take control of your money once and for. all. And for a limited time only, sign. up for the annual version of Premium and. get my cookbook and notebook signed and. mailed directly to you. Link in the.

description and pin comment below. Hi, I'm Audrina, 25 years old from. Birmingham, Alabama. And this is. Financial Audit. Thanks for coming over. from Alabama. What do you do there for a. living? Uh, I work in operations support. for an industrial supplier company. Cool. What do you make? Uh, $60,000 a. year. That's not bad. Alabama is a lower. cost to live in state. I don't know. about Bur Birmingham specifically, but. yeah, I mean, you have to be doing. pretty well then. I would think at least.

I mean 25 $60,000 a year, almost median. household income for the entirety of the. United States with a lower cost of. living area. You'd be doing pretty okay, but then again, you're on the show, so. you're probably not. What's going on? Uh, well, I have come into this new. money. This is probably about 2 years. since I've gotten into it. Still feels. new to me. Oh, you mean your paycheck? new money in like a terms of a big lump. sum that you're as far as the salary. Yeah. Okay. Yes. Yes. Well, two years. Okay. Two years is great. Yeah. Um I.

just I guess I haven't really adjusted. myself to it as far as like I've upped. my cost of living with it. You know, I. haven't kept my expenses the same. It's. okay to up it with the same percentage. No, I think I've been way overdoing it. What have you done? Uh just spend a lot. on anything that I feel like really. I. don't really keep a budget on anything. Why don't you keep a budget? That's kind of like a basic first step. if we're kind of going into the world.

Well, also just Yeah, I just bought a. new house as well in November. My very. first house. Congratulations. Um so. navigating that and my finances has been. pretty hard. I'm kind of freaking out. about it about being able to pay for the. house and still we Okay. Why would you. get a house if you can't pay for the. house? Well, I can pay for the house. It's really I mean, it's cheaper than my. rent was at the time. Um, then what is. the issue? I'd spending money trying to. furnish it, getting new stuff to make it.

a home, I guess, cuz at the rental I. didn't really care what it looked like, but now I've just overdoing it to. because it's a new house. It's my first. house. Okay. But you know, you're. overdoing it. Yeah. Yeah. Um, I just. don't really think about it. I just. spend the money on it. Don't think about. it. How often do you buy new furniture? Well, I just bought a new uh couch about. a month ago. Furniture is not cheap. I.

understand. Listen, I'm assuming this is. your first house, right? Yes. Very nice. Okay. And that's great. You're buying it. before the average person buys their. first house in the United States. Huh? I just said Mhm. Okay. So, well. done. That is good. Why it up? I mean, obviously, listen. Yeah. I mean, there's. a lot here. So, you're not in a great. position. Was this the time to buy a. house? Cuz that, yes, maybe it's cheaper. on a monthly basis, but there's a lot. more risk involved. Losing a house is.

crazy compared to even getting evicted, you know? And then there's also what. happens if you have to replace your. roof? What happens if you have to you. have a big leak? What if a frozen pipe. bursts? Yeah. I don't know. Property taxes, they. endlessly go up. Rent typically. endlessly goes up historically. Yes. But. in hot markets, and I know Alabama can. be kind of a relatively hot market. recently, I wouldn't be surprised if. rents went down for a few years at some. point. Yeah. It was just a really.

impulsive choice. Like I'd probably. spend impulsively bought a house. How do. you impulsively buy a buy a house? Well, my rent or not my rent, my lease was. running out on the rental. Um, and I. didn't really put any thought into like. if I wanted to renew it. Like it was. just really quick. I decided I was time. to buy a house. So I probably sure time. maybe, but what was impulsive? Like yes, it might be time, but that doesn't mean. we're impulsive. Well, I only spent. about a month looking actually. Probably. not even a month. I think the whole.

closing process. How did you decide the. house? Uh, it was in the same. neighborhood I'm in. I was renting out. of. Um, and was that all you cared. about? And it was new construction. Uh I. got uh I didn't want to have to DIY. anything with a older house. So it was. new construction. Everything was already. done. Just move and ready. So I did it. really quickly. Okay. How much you spent on furniture so. far? You can do used furniture for a. bit. It's fine. my first house, my very.

first house because I was focused on. building, you know, hopefully a decent. nest egg and building my net worth well. before starting. YouTube. I didn't have a single piece of. new furniture in there. In fact, I. didn't get a single piece of new. furniture until I got my third. That was. the very first time I bought my a new. piece of furniture. Yeah. Ever. I had to. get it was $1,000 table. Yeah. I had to. get a couch. We didn't have a couch at. our rental house, so had to buy a couch. for the new house. But you can get a.

couch off of Amazon for like a hundred a. couple hundred bucks. Futon for a bit. Yeah. Well, yeah, but we want I wanted a. nice me and my boyfriend. I live with my. boyfriend, but we wanted Okay. Does he. help subsidize? Yeah. Yeah, we we have a. What is the issue? I do I buy a lot of things. I mean, you. said that. Well, I mean, I get his input. on things, but mostly I kind of just. make the decisions myself to do the. things like the couch. I know. But if he. is subsidizing you, that would give you.

more room to be able to go buy things. So what is the issue then if we have. boyfriend helping? Uh well I I. personally myself I'm just really bad. about impulsively buying things for. myself. We have a joint account. That's. you said that. That is the fourth time. you said that. I get that. I hear that. And it might be tight if you were on. your own with your strong income. You. have an income where if you are being if. part of your bills of your cheaper.

mortgage than your rent is being. subsidized by the boyfriend and. sometimes going out to eat is being. subsidized by the boyfriend. Sub is not. the necessarily the right word but. that's how we can look at it if we're. just talking about full in full out in. terms of money flow. Okay. That gives. you the ability to spend money on what. you want. So that is simply not the. issue specifically. Uh yeah, I mean you would be able to. Yeah. Um not infinitely,

right? I don't know. I I I'm. just I don't know. I just make really. bad choices for myself and. I what goes into the joint account is. just join account with the boyfriend. Yes, I do. Wait, why why are you guys. join before like marriage or even. engagement at the very least? Uh we've. been together for 6 years now. We But. even still, it just makes it easier. Pay. bills and all that. So we each are. putting the same amount in. And if you. guys break up, it's so much more messy.

You do not have leg. the legal protections are not as. extensive for you. Mhm. Well, there's no. divorce. Well, I want to get married. eventually, so that's great. That. doesn't solve our issue of not being. married now. Yeah, but that's another. thing. Like I'm not sure if marriage is. right because of the finances and the. way my finances are and his are. Like I. don't know if it'll if it would make it. better to get married and and uh Why. aren't you guys getting married then?

Just get married. Cuz uh I'm just. worried about how my finances would. affect him. Are his finances good? No. And also vice versa, how he would. affect me. I just don't want us to jump. into that without us. Yeah, maybe you. guys are ready. I mean, you're clearly. not. I mean, you're on the show. This is. hor. Oh my gosh. Your debt's a crazy. Just your bad debt, not even including. the mortgage, is insane. How much in bad. debt do you have? Bad debt, not. mortgage. Bad debt, not mortgage.

Probably around 60,000. 70. Oh, wow. Yeah. I didn't know. And 10,000 is a. relatively substantial amount, especially if we're talking like that. 30% debt. Yeah. To be off by. Yeah. I. did not realize it. It had gotten up to. 70. I have been kind of keeping a track. on it, but not as far. Obviously not. If. you're off by that, what are you off by? What is that? 15%. Yeah. I mean, that's. pretty crazy. Yeah, a little bit. Um but.

um What hits your account on a monthly. basis income wise? How long have you. been you So, you've done this for two. years. Okay, good. What hits your. account? 3,600 a month. About 3,600. Yeah. 1,800 every two weeks. I had. 4,900. Was it a 3-we month? No, it. wouldn't have been. No, it should be. January. Uh, I do um Walmart delivery on. the side. Yeah. Okay. Yeah, that could. be it. How many hours a week do you put. in that for the Walmart? Oh, we actually.

just weren't even informed that you were. combined as we did the numbers. beforehand. So, that actually might. include your boyfriend's pay on Well, I. have two accounts. I have a SoFi that. we're both in on, and then I have my own. personal payroll. What hits on a monthly. basis? 3,600. 36. Okay. How much was. spent last month? Oo. Always a hard one. Probably about 22500. Yeah. 6600. 66. How can we be this far off?

I just don't pay attention. I don't I. mean I I know how much is in my bank. account. Fine. You don't pay attention. You like to blow your money. You said. that like three times. Got that part. That's wonderful. How about this? Why. don't you pay attention? Self assessed. I want to get into that brain a little. Yeah. Why do you not pay attention? Uh. cuz growing up, money was kind of a hard. issue. Like we didn't have a lot. So now. that I kind of have my own money, I just. kind of pay what I can and spend what I.

have in my bank account and without. thinking twice about it. Okay. What are your goals? What are we. trying to do? What are we trying to do. then? I mean, you've achieved you've. achieved the mortgage thing, but you. just don't care to get your finances. under your control at all. So, what is. our goal? What are we what are we trying. to do? What are we sitting here talking. about? What is Yeah. What's anything? Uh, I mean, I'm trying to get the debt.

down so that way Well, not actively. I. mean, I think about it. Word tried. You. You think about it? I think about it. I. have good intent once a year. No, you. don't. I try to have good intentions. with it. No, you don't. But there is. nothing that would suggest that. Yeah. What? Why? What's the actual Is there. anything? Is there any goal? I mean, I. want to get to a place with no debt. Um, but I also Okay. So, she just she's a. copy and paste. Okay. Yeah. Well, I I.

also going on a trip to Italy next. month. Um, how how you. spent beyond more than you brought in. like double. How uh I'm I just That's. not a cheap trip. No, not at all. I've. I've paid about $1,500 towards it. already. You've already paid 50. That's. probably why your spending was. substantially higher. How much more do. you have to put towards it? Well, not. anything else. I've already paid it. You're going to eat food while you're. there. You You're going to get. transportation while you're there. You. Yeah. lies. Okay. What do you mean? I've.

I've put aside about $500 for it to to. spend money and do what I need to do. But I thought you wanted to pay off. debt. $500 could go towards uh debt. Yeah. High interest debt. I know. Is it. really providing a return on investment? I don't think so. No, but it returns on. memories. And memories are good, but. hopefully if you just stick with the. average human, you'll have plenty of. more times for memories. In fact, you. could have better and more memories if.

you do not have 50 60 70,000 hours of. bad debt. ballooning ballooning 30% interest. Mhm. You know how many more Italian trips we. can go on? Well, I know, but it it was a. family thing and and what your your. whole family's going? My dad My dad, my. stepmom, my steps sister, they're all. going. So, it was it was a family thing. I feel extra pressure to go into it. Yeah. Yeah. Did you bring up a. conversation how you're uh [ __ ] poor? Uh yeah. I mean, my dad knows, but uh I.

just came up with the money. I figure. how to come up with the money. I wanted. to go. So, I couldn't couldn't not go to. Italy. You objectively could have just not. gone. But I understand I wanted to go. with the family. Yeah, I I do get that. But at that point, if there's like the. pressure around it, I would try to. recognize if there's pressure of people. around me because we're going to go do. this thing and okay, that person might. not be able to afford it. They're. putting themselves in a bad position. Maybe I'm helping. Not enabling, but.

maybe I'm helping cuz I want them to be. able to experience it together. Like. that's okay. There was none of that. No, it was I had to pay everything. myself. Like it was my own way. I got to. get new clothes. And that's fine. They. don't have to close. Yeah. have well for. you know I Instagram pictures. You. didn't have clothes. [ __ ] your. Instagram. I don't care. You did not. have clothes. Can't wear that to Italy. I mean I probably wear this but I need I. needed like There you go. You had. clothes. How long are you in Italy? Uh. about a week from How much clothes do.

you need for a [ __ ] week? Brand new. And shoes to walk around in cuz you. didn't have shoes to walk in. Not Not. comfortable shoes to walk in. Why the. wouldn't you? I don't know. I have a. What are you a dumb? You don't have. shoes to walk in? Not like com not cute. comfortable ones with but for clothes. Do you not walk? Not that much in the. office job. But you don't walk in life. Well, yeah, but I mean I have tennis. shoes for now. How do you not have. anything? Tennis shoes. There you go. But not with the outfits. I got to get.

something that matches the outfits to. look to look right. Listen, you're. American. They already hate you. Yeah, it doesn't matter. Who are you trying to. impress? I mean, I just Italy is only. old people anyway now. Well, you go on. Pinterest, you see all the cute. pictures, the outfits, inspiration. Want. to be that? Yeah. Why don't you post a. picture on Pinterest of your $70,000 in. bad high interest debt? Yeah. Well, does. your boyfriend even know that? What does. he know about your financial situation? You want to get married. What does he. know? Um, well, he knows a little. I.

mean, he a little. You guys don't. communicate that much about money and. yet you have a joint account and he. helps with all the expenses and you want. to get married and he only knows a. little. What does he know? I mean, he. knows about all the high credit. Does. he? Cuz you thought you had 10,000 less. than you have. I mean, he knows about. the credit cards. I don't know if he. knows about the others. Just the credit. cards. Doesn't know all that extra. Probably not. Why? I don't know. It's I mean, it's not.

something I'm trying to hide. It's not. something I'm trying to hide. It's just. something we don't really talk about. Um, shouldn't we if we want to get. married? If we have a joint account, especially before marriage. Yeah. Yeah. Yeah. I mean, I don't know. We We talk, but not super in-depth about our. finances, about bills, about all that. I. just kind I do Do we have true. intentions to get married? Yeah, for. sure. Really? What are we doing to get. there? Well, nothing right now. I mean, I'm. trying. I had the intention. But you're. not trying. No, you don't. You keep.

using these words, but there is nothing. to suggest that. I mean, I I've been. Yeah, I don't know. I've been I've been. trying. I've been trying to pay off as. much and then it's just you're going to. Italy. You're not paying off the What. the are you talking about? That is not. true. I am not going to let you just. [ __ ] I'm not going to let you just. bull. You're not just going to look good. for the camera. That's not going to. happen. No, you are not. trying. You're going to [ __ ] Italy. You're prioritizing that. And I'm not.

against like a family trip or the. emotions that go behind it, but you are. not trying. Don't use that word. Okay. Well, I like I said, I have the. intention. Like I have good intention to. do it. I just I what what's intention. without action? A good thought. I don't know. Uh there. you go. A good thought to help you. sleep. Yeah, I guess. And that's as far. as you're getting in life. As. Yeah. I don't know. I've I've been I.

mean I tried to do the snowball method. with the debt and like works. have. smallest to biggest and it's just I just. I just have I'm really impulsive when. buying things. So then you can't have. access to spending accounts. If you're a. child with money, don't let yourself. have money. Yeah. Um I just I don't know. Where do. you think you are in the world of. finances? On a scale of 0 to 10, zero.

being the worst, 10 being the best, where do you think you are? Uh probably. a one. Yeah, just cuz I just bought a. house. I don't know if that helps me or. anything. The real estate score would. help you, but it definitely depends on. how you got the house, honestly. And. we'll take a look at that at some point. I'm sure your mortgage is the last debt. out of the a million debts we have to go. through. If you want your Hammer. financial score, see where you stand in. the world of your personal finances. Take my assessment. Go to caleb.com. Click the link in the description below. You can also come on the show down here. in Austin, Texas. We'd be happy to have. you apply to be on at.

cayenhammer.comapply. Okay. Okay. I'll. start with discover it. Okay. Let's. discover how bad all. this your life is. Yeah. There's two. discovers, too. Why do you have so many individual. debts? Because I run out of money on one and. I'd get another one to subsidize that. It's a $249 minimum payment. That is an. insane minimum monthly payment for your.

situation. Uh yeah, it's pretty bad. Um, that's really, you know, it's really. bad. Well, I mean, I' I've never missed. a payment. I've made every payment on. it. You know, honestly, most people that. say that uh is that's not correct, but. we'll see as we go through. $10,852.54. Okay. As a GL, how long does it take to. pay off? God, probably 15 years, something crazy like that. Is it worse? Is it.

worse? With 70 years old. You're by the. time this is paid off. Oh my god. No. Um, yeah. I didn't realize that. Um, yeah. You'll be 70 years old. God. Well, yeah. And I got that one because my. other one got maxed out. Um, so I know. you said that. Uh, yeah. It didn't realize it was going. to take that long to pay off. just.

minimum which yeah like I said I was. trying to pay off the smaller debts. first that way I could put more into. this one to try to pay it off cuz I know. you're opening new debts when you max. out one though that's completely. completely against what you just said. Yeah I try I like I said I know you hate. this but I have good intentions when I. think about it and I know I make I don't. even know how to verbalize that like. good intentions yet you just do nothing. So, is there is there even the po like.

do you even have good intentions at that. point? It's like I don't know good. intentions without any kind of action. It's nothing. It's nothing. It's. nothing. Like it doesn't make any sense. Yeah. Uh you're just like it's just like. someone who virtues online. Like that's. all it is. Like you but you do. absolutely nothing to provide value. It's like you're that kind of person but. in debt form. Yeah. I I mean at first I you know I I. really was trying and then I just kind.

of snowballed myself. When were you. trying? Uh I mean last year I was trying I mean. I got a second job to kind of help with. everything. But then I kind of just. started spending that money on other. things on on food and stuff. Um but it. I'd gotten a second job to help with the. debt. And is that the job that you still. have? Yeah. So, I didn't expect to use. Mumu this much. I just downloaded it to. test it out. And it's basically been. glued to my home screen. And because I.

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link in the comments. Thanks again to. Mumu for sponsoring this video. Let's. get back to the episode. What got you. out of the How long were you actually. working on this successfully, productively? Uh, I mean the couple. months last year I was like the summer. or like April to July. I was really. putting in work on my second job trying. to get the extra money to put in. two months, three months. Probably about. 3 months. Why did we fall off? Cuz more things came up that I wanted to.

do and I just used the money. What came. up that you wanted to do that was more. important than paying off debt? I don't know. Go on trips. I went to the. beach last August. Um I spent a bunch of. money on Christmas gifts. It was like 6 months later. Yes. Italy. this year. When did you have to start. making the payments for Italy? Uh a couple months ago. And I paid it. all off in in December to my dad. Um he. paid for it and I paid him back. So, so. you had like dad debt and then all your.

money went towards that instead of. paying off your other it. Okay. Definitely have to pay that first. $228.19 in interest in one month alone. on this card. One month alone. Yeah. And I've had that one for years. now. So there's no telling no telling. how bad it's gotten. I know the interest. rate $734 in interest this year so far. on just your. lasting statement. So, it's not even up. to date to this and we're finishing the.

third month of the year. Mhm. Yeah. It's. uh I mean, you're able to somehow. prioritize going to Italy with your. money and paying off your dad with that, but you're incapable of prioritizing. this when you lose in just a couple. months almost. $800. Almost $800. You had to pay your. back dad back 1,500. Yeah. and you. prioritize that like that because woo, we're going to Italy, but when you get. almost $800 taken from you, drained from.

your future, you're just like, well, I mean, I I knew about the. interest. I didn't really think about it. too much, though. I didn't think about. it adding up like that. Why? That's. going to be another question why I'm. asking why. And I would love an answer. versus like, oh, I thought about it. Uh, I need you to dig deep. I want to. learn about you as we go through this. process so we can actually create a plan. that applies to you. Yeah. Why don't you.

think about interest? Uh, just I think I. just have so many cards at this point. that I just don't even process. It would. take 5 minutes to put them all into aing. spreadsheet. Yeah. Yeah. Trust me, my. dad's yelled at me about that for sure. Him and his spreadsheets. He loves that. And why haven't you done anything then. if your dad is there willing to help? Oh, I don't know. Uh, good question. I. just I You're not able to self assess. anything. I'm on my own. So, I like I.

don't On your own. You have your dad. that's willing to help you with this. You have your boyfriend who pays for. half your life. I know, but I like to. think that I'm Your dad paid for your. Italian trip and you're able to pay him. back. You're on your own. You You're on. your own. You don't know what on your. own is. You've never been on your own. Yeah. Well, I mean, you're a 15-year-old. that actually has a two next to the five. for some reason. Yeah. Uh, I mean, I. guess I definitely don't think I've. grown up past like 16, but I've been. trying to You okay with that? No, I'm. not okay with that. But I've been trying.

to make the diff the Yeah. All right. Come on, dude. Come on. Literally, again, I. mean, I have to call it out every time. cuz this is soing easy. Just download. the app. We made this for you. We made. it for everyone out there. We made it. for me. It applies to everyone. It'sing. automatic. Yeah. Sign up. And then you. justing type in a couple things. Everything's automatic. No more I don't.

know anymore. No more I didn't want to. think about it anymore. You can just. look it. You just look at it. Yeah. [ __ ] so easy. Yeah. I've also tried Dave Ramsey's. I. think he has one. I tried that for a. little bit and just That one's okay. Didn't I don't know. a little more. strict on his value sets, but I kind of. like to cater to other people and what. they prefer for their lives and that. works. Yeah. Um, yeah, I I did download Simpler.

Budget. I haven't used it yet. I did. download it. It's on my phone. I bet. that's the most amount of progress. you've ever actually put into anything. Effort you've put into anything. Pushed. download. Didn't actually. use. Remember, if you sign up for the. annual version, I'll send you a physical. version of the cookbook and our founders. edition simpler budget notebook, and I'm. going to sign both of them and mail them. directly to you. Um, well, I have spent a lot of the. money on like events like music. festival. I went to Hangoutfest, um,

Hangout Fest? Yeah. Gulf Shores, Alabama. um, last year and the last two years. And I would put that on the credit card. And then plus the outfits and we don't. have clothes or shoes ever. If we have a. new event to go to, we must refresh. everything. Yeah. I'm really bad about buying new. new clothes for everything for sure. I. have a I love buying clothes. That's. definitely my weakness is clothes. Really? What is your like clothes.

selection? If you sold half your stuff. today, what could you get? Oh, not much. Cuz I buy a lot of it from American. Eagle. Um, 12-year-old Twink. I'm so. confused. Yeah, I haven't grown out of. American Eagle for sure. Um, definitely. need to up my game on that, but I go to. American Eagle all the time. I spend a. lot of money there. Um, I have a credit. card for American Eagle. Oh, I bet you. do. So, yeah, I spend a lot of money on. clothes, shoes, those kind of things.

And you probably could with your income. You just have to [ __ ] budget it. Yeah, dude. It's just it's not a here's. my limit on my credit card. I have the. room to get three pairs of boots. That's. not how this works. You can't afford. things. You just can't have you can't. have access to credit. You cannot have. access to using other people's money. You can't you don't know how to manage. that worth anything. I mean, I I try and.

I um I'm going toinging pull out a tape. Say I try one more time. I just get FOMO. with things. I want I don't want to miss. out. FOMO. FOMO of boots. No. Of like. events like the the hangout fest and. like different events that I go to. If. you know I get FOMO. I want to be able. to get you can't go to events. You can. probably budget them in. You're like I. have my credit card balance is up to. here but my limits here. So I can get.

five boots. That's your mentality. Um, which means you cannot have access. to credit cards. I mean, I I. uh I don't know what. Oh my. uh I also tried to get La PL the tickets. recently. Um tried to Yeah, I was in the. standby list for it. I didn't get. through. So that's why I didn't end up. getting the tickets cuz I didn't get. through the standby. Um, but I'm still.

looking at them in case. I mean, it's. fun though. It is. So, is being able to. live a relatively successful life. Again, I can get you go to every music. festival in the world once you get to a. good place financially. You're. preventing yourself from going to all. the music festivals you want to. You go. to all of them. You could be doing the. one in Brazil that just happened. You. could do that cuz you have a pretty. strong single income. And then imagine. your dual household once you guys do get. married. There is actual good things.

that you could. do that you are preventing because you. want to do all of them right now and. you're making it so you'll never be able. to do them pretty soon. Yeah. Um I mean. the tickets weren't that I mean they're. only $415 for a 4-day pass. 415. But you. you have no respect for the dollar. You. have no respect for the dollar. [ __ ]. you. I don't care what time it is. Maybe. for the value. Sure. You get a lot of. value for the dollar, but those dollars.

could be actually improving your life. through. pay them over time though. I was going. to do the financing. All right. When we. figure out what your minimum payments. are by the end of this, I have a feeling. because you don't understand how they. stack that it's about to be immense. Yeah. Um, I've recently gotten into hobbies. I. like to try out different hobbies. Um, one of the ones recently I've done is.

coloring with alcohol markers, which are. alcohol markers. Yeah. And I got the. good brand, too. I'm sure you did. I. don't even know coloring. I thought, okay, let's get some crayons. I don't. Okay. No, there's like a whole need. What does the good brand cost of? It's. probably about $40 for you have a. Sharpie with you. What are you going to. Sharpie carding? No, but I mean it it it's like $40 for a. set of markers and then each of the. coloring books probably $7 a piece. Okay. Well,

I don't know. How much is that draining. you? Um, but you said you get into a lot. of hobbies. Yeah, I've also done like. crocheting. Okay, that can get. expensive. Yeah, I and I only did it for. like a week or two and then I kind of. gave it up. Um, I also love reading. books. I buy books a lot. Hey, go to the. [ __ ] library. You live in a major. city. Yeah, but I like Go to the. library. You live in a major city. I. like owning paperbacks. Go to the. library. You own You live in a major. city. It's not as fun. I don't care.

It's not the same experience. Bad debt. You'reing dumb. It's not the same. experience walking in a books a million. and smelling the new books. It's great. I hope they have something. Oh, I think. they got you crayons. Saving money with mommy. It's not the same feeling as with. alcohol. I know you like free things and I'm. giving some things away for free right. now. And let me show you how to get it.

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second. I told you I have you have. $70,000 of bad debt and you make $60,000. a year. You have more in bad debt than. you make and you go somewhere every five. minutes. I'd color. I want the. experiences that comes with the going. places and and it's fun. I like it is I. don't think you you're never going to. get anywhere if we prioritize that. instant dopamine hit in every instance. of our life. I mean that's that's what I.

that's how can your work allows you to. take this much time off? I mean I get a. pretty good amount of PTO. I have run. out. Last year I ran out super early. How early? probably around. Aprilish. And I'm And then what? Cuz you. certainly went places. I know you can't. stop. Well, I I mean, yeah, I move I. mean, I moved days around here and. there. Um I definitely like ran out. completely by August. And then what did. you do? I work from home sometimes if.

they allow it or I Yeah. But what does. that mean? As in you still went. somewhere? Yeah. Yeah. But you work from home and. just do I'm sure you did. Yes. Of. course. Of course. Um but. Okay. Okay. Great. I think you're the. reason why that uh industry standard has. ended. Industry standard. Yeah. There was a lot. of work from home for a while. Oh yeah.

Yeah. Yeah. No, it's definitely been. pulled back a little bit because of. people like you. I still work. I still. do my job. I still, you know, get things. done. I just take the work with me, work. from wherever. Yeah, maybe. I don't know. For some. reason, I don't believe you. I feel like. you you travel as much as you can using. your paid time off and then you just all. of a sudden start working from home. Yeah. But does that not scream that it's. obviously for vacation if you only start. doing that after you've used your PTO?

Well, I mean, most Exactly. Most of the. PTO is also just cuz I have a hard time. getting out of bed and I don't like. going to work sometimes. No one does. So, you have a great job. You want to. get that up already. No, of course not. Oh my gosh. You get crayons and you. immediately become a child. No, I just I. Well, no. I mean, we all struggle to. wake up sometimes, dude. I did not want. to get out of bed this morning. I had a. job to go to. Yeah. I mean, I take it. seriously. I just some days you have.

days you just can't don't want to go in. or not feeling well in the mornings and. just not just yeah it's not a good day. Need a mental health day or something. I. don't think you're a reliable person. I. mean yes I can I'm okay with those but. try to schedule them out a little. better. You're probably [ __ ] people. over on your team by just being like oh. you know I want to sleep in today. Bye-bye. No I make sure I do it when I. don't have anything planned. I check my. calendar before I do it. I I'll do it. strategically. Uh-huh. Yeah. For some. reason, I fully believe you 100%.

Definitely strategic. Okay. Regular. Discover. card. You owe. $7,89 with a minimum monthly payment of. $177. Yep. What's going on here? That was my. very first card, my very first credit. card I ever got. Um, it was the student. card. Mhm. Um, I got that when I was. like 19, I think. Um, so it's there's I.

mean there's stuff from it from college, from going out in college or. groceries, paying for things for my. apartment, uh, things like that. Um, and. it yeah, it got up really quick on that. one. And then that's when I opened that. second at that point or what are you. still spending? Because listen, there. weren't purchases this month, but you're. only a couple hundred away from the max. So, it's not like you haven't been. purchasing for a long time. Well, not on. that one specifically. I try not so. close to the max. Well, yeah, but that's.

cuz the interest. Like every time I try. to make a payment that No, if you make a. minimum payment, it will still go down. enough to not be this close to the max. Unless Unless you've only stopped. purchasing a few months ago. No, I. haven't been per I mean, I don't think. I've been purchasing on that for a while. now. Um, they just kept raising my limit. on it. So, I just kept That's why I said. you can't have access to credit because. again, you see a limit as how many pairs. of boots you can get, not Yeah. what I. should avoid spending. Yeah. But I mean,

I don't know. The money was there, so I. just used it. And then I It was someone. else's money. It wasn't yours. It wasn't. there. But I was, you know, I had the I. was going to pay it off. Uh, and then I. just Yeah. kept snowballing. Why didn't. you pay it off? I was going to pay it. off. I was in college. I didn't I didn't. have a great job. When When did you. leave college? Uh two three years ago. Few. Um but it's just been sitting there. years. It's been sitting there since. then. You didn't just pay off a couple. hundred dollars in that amount of time.

No, I mean I. especially since you did three months of. progress last year. Yeah. I mean I think. on those I was mostly just focusing on. the minimum to work on the other stuff I. had. So that's that's why I just I don't. know. I just don't touch it. I just. leave it there. Um but the interest is. just growing. We don't hear addiction to. shopping. So you have an addiction to. honestly traveling to different places, music festivals, and then an addiction. to shopping. How often do we go.

shopping? Cuz we know you travel. probably at least a couple times a. quarter. Okay. Yeah. Where how often do. you go shopping for this clothing? Uh, I. go shopping pretty frequently, especially when I'm not feeling the. best. That's probably when I do the most. shopping. You mean not feeling the best? You have a little stomach flu, so you go. shopping. Like, what are you saying? No, like when I'm just like in a bad mood. I'm like, I deserve this. Bad mood. Just. a bad mood. Well, yeah. And I get to. like I deserve No, you're not entitled. to 50,000 pairs of boots. That's just.

how I felt in the moment. I mean, that's. how I feel. That's when I'm not You need. better coping mechanisms. You need to. work with like a therapist or something. If your immediate. cop is ching ching ching ching ching. ching ch ch ch ch ch ch ch ch ch ch ch. ch ch ch ch ch ch ch ch ching ch ch ch. ch ch ch ch ch ch ch ch ch ch ch ch ch. ch ch ch ching ch ch ch ch ch ch ch ch. ch ch ch ch ch ch ch ch ch ch ch ch. ching, you're never going to pay off. that. That 3 months of progress you made. will be the longest progress you've ever. done. Downloading the budgeting app and. never using it is going to be the most. amount of progress you've ever done. If. every time you feel slightly gloomy, you.

just blow all your money. Yeah, I mean. that's definitely the biggest thing. It's like it's the impulsive. I just. feel that. My big struggle here is I'm. just like, okay. Well, what can I say? What can I. say? Cuz you have a house. Obviously, you have the goal of marriage, but what. can I use as an emotional. tool to convince you that your actions. and your spending around all this is. dumb, it's hurting you, and that you. obviously need to change it. Like, what.

can I say that's going to get you to. actually actually make those changes? I. don't I don't know. Well, I mean, I got. the second job to like and I'm still. doing that now. Yeah, but you just you. increase your spending to make Look, you. spent double what you brought in. Yeah. So, it's like the second job doesn't. matter. You make more money, you spend. double what extra you make. So, that. that that is like, woo, good job. Yay. But there's so much more discipline that. has to go around this entire situation. than just going and getting an extra. job.

I mean, I thought it would help me like. and help especially with them if you. were disciplined. Yeah. Well, I just And. no, that's not true with your minimum. monthly because if you have spending. ability on these cards, you usually. spend on them. That's why they're all. basically maxed out. Meaning that no, it. won't help you with your minimum because. you're just spending more on them, making your minimums go even higher. It's the thought that counts. It's the. thought that counts.

What are you shutting down? Are you. giving up? Like what? You can't handle a. little bit of push back. That's what I'm. saying. Like I uh I don't know. With the. second job too, I'm I'm also going to. owe more taxes. So like I try not to do. it. That's withheld from your paycheck. Doesn't even matter. Well, not not the. second job. It's $10 contractor. Okay, that's fine. Set like 20% aside is. probably fine for you. Yeah, I just. haven't been setting that money aside. Why? Uh cuz it comes in my account, so I. use it and I don't think about it. And. then she's immediate spending money.

Yeah. Oh, completely. Um for Well, and. then that's also causing me to have a. lot more due in taxes this year. I. probably owe about $600 in taxes. What? From finance? Six. Not finance, but you. should be able to pay $600 in taxes with. your income. Yeah. I don't know. That is. not I don't know how that's going to. work. I've been putting I've been. putting on three pairs of boots that. week. Well, you know, um I don't know. I just. I I have a hard time not doing what.

makes me feel good in the moment. But. what can we do? What can we do to show. you that there is a better path? That's. what I'm trying to figure out. I see. nothing here that there is that you care. about that you look forward to other. than the marriage. Other than the. marriage. And that is the only thing I. can pull from. He's also financially and. you're right, you guys shouldn't lock in. like that until you guys are in a more. mature spot financially because it's one.

of the leading causes of divorce in this. country. So, Huh. Exactly. So, I'm. aligned on that, but what can I use to. be like, okay, obviously we know this. isn't working mathematically, but on the. emotional front, the sacrifice you would. be making, the life changes you would be. making, what incentive do you have? None. I mean I do want to buy an I mean. I want to build my own home in the. future on it's on land. So that's. something I'm trying you know that's one. of my goals that you are not trying. You.

are not. Yes I will do it again. I will. do it again lady. I have that's not a jet stream. That was. aing mist. Felt great. This is a lie. No that's a miss. But I don't know. I do want to buy a. house in the future or buy or build a. house in the future on land, get. married. I'm just having a hard time. growing up to that point. I'm 25 now.

It's What are you even fantasizing. yourself? Shut the up. What is with. people these days? What the When I was. 18, I knew I was an adult and I was. excited to go live my adult life. What? You're a 25-year-old child? What is. wrong with people these days? My. goodness. You're going to turn me into. aing boomer. What? Why are people acting. like they never grew up? This is crazy. I will never understand this. The. endless sensationalizing online, the. endless infantilizing ourselves. It is. crazy. We live in such an immature. world. That's what I'm trying to get.

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means. $156.84 of interest acured on. here. 500 this year so far. So, what are. we at? We're at. 1,250ish,300ish in interest on just the. two accounts we've looked at so far. Okay. Capital One Venture. Yeah, that's my most recent one. most recent. Okay. So, when did you open. this and why? Probably last year. And I. did it when last year. Uh Julyish around.

June. Remember that's basically when. you're done with your progress making. period. Yeah. I got it cuz I wanted to. try to up my credit score. Um you. already had your house. What do you What. are you shopping credit for? Well, back. then I thought I didn't have the house. back then. So, I was trying to Oh, yeah. That's right. You got it in the fall. That's true. So, I was trying to, you. know, open more accounts to help my. credit. Um, cuz I look at Credit Karma. and it says like, you know, what the. impact is on it. So, I thought opening. it would help my credit. Well, shocker.

It's right under max. Luckily, max isn't. that high because they probably won't. let you do cuz your credit's it's in. like the low 600s. I saw venture. $46644 with a minimum monthly payment of. $25. $1063 acrewing. So, what were you. spending on this card that got you here? Uh, I use it for Amazon a lot for. household stuff for personal things. Well, personal things. Um, household.

Well, I've been buying some of the Italy. stuff with it, like, you know, toilet. bags and personal bags. You stuff like. that. You traveled way too much not to. already have that you can just reuse. You do not need fresh new traveling. containers and whatever. Every trip you. do. Well, I needed the carry-on. The the. personal carry-on so I can put it under. the seat. I didn't have anything for. that. You don't have personal carryons. You've never used that in any travel. that you've ever done. Backpack, but I. need something bigger, something to fit.

stuff in, more stuff cuz I'm not trying. to It's for a week. Yeah, definitely. I'm notorious for overpacking. So, I'm. going to use You over buy. So, you have. to overpack. Yeah. Um, yeah. Let me look at Amazon. Let me. look at your Amazon, spendy. Pull out. your phone. It's probably bad right now cuz I did. just buy some things. Um, I was just. trying. Good.

intentions in my brain, just not in. reality. I don't I don't think so. I. mean, again, you're one of those people. that's just like virtue signaling online. all day, just like, "Look how good I. am." and then actually does no real. thing in the actual world. You tweet. something good and then you've never. contributed one thing to the actual. planet or. society. Like, it's like I almost. respect you less than people who don't. do anything but don't also pretend like. they're good.

Yeah. Cat litter. There's a heavy duty. bag. More cat mat. Cat. Uh, bags. Bags. Cat. Cat. Cat. Cat. Oh my gosh. Cat. Endless. cat. Paddling. Cat. Cat. Cat. We have. three cats. And a dog thing. Dog. Dog. poop bags. Good. I'm glad you at least. pick up the poop. Why do I see nine. things in the cart? Oh, yeah. That's for. Italy. Blow dryer. Yeah, I think your. hotel will have a blow dryer. Dry.

shampoo. You need that? They It won't. have shampoo or just right days in. between. You got to dry shampoo your. hair. You don't have to wash it. completely. Helps helps it. Lindsay, is. that can you confirm that? This is very. true. Yeah. Damn it. Okay. That's what. the ladies do. Okay. As a non as a. non-lady, I was Q-tips. Very bad for. you. Don't do it. Don't do it. I have to. I get water in there. You got to get get. it out.

You know what are you doing? Just like. sticking the faucet like right here. What do you We all shower. I get wet. ears. You got to use the Q-tips. You. don't use Q-tips. No. And every ear. doctor tells you not to for very clear. reason in there. I don't like go all the. way in. Then just use a towel right. here. It doesn't do that. You should not. use Q-tips. Makeup remover. That makes. sense. You got your neck pillow. Charger. Okay. Lots of Kleenexes and a.

jewelry holder. Better not be buying new. jewelry for it. No, I already have. jewelry. It's okay. I actually don't. spend money on jewelry. That's the one. thing I don't spend a lot of money on. Mhm. Mhm. $10 of interest acred in that month. $21. this year so far in the two months that. it was that 30% interest. Synchrony. American Eagle. This is American Eagle. Yeah. That one is used quite frequently.

Frequently. Gosh. Why? What is your. obsession with the Eagle? Uh, they have. really comfy clothes. Their jeans are. great. They They get really good deals. American Eagle Direct US online. You're. not even going in the store and trying. it out. You're just Well, I get I get uh. uh I still get a student discount like. 20% off. So, I use that. Why? Cuz you're. lying. I mean, my my my college email. still works. It's still valid. So, I. just put that in. And then uh say you. purchase more than you put towards it.

Interest accured nowhere towards paying. this off. I I that's a lower one. That one should. take 74. You're right. You should just. pay it off. But. again, you purchase more than you put. towards it. And then interest acrru. It's even dumber that you have a small. balance cuz it shouldn't be there with. your income. It shouldn't be there. There is no reason for you to be paying. interest on this. No reason. And it is. such a choice that you are making. You're just actively choosing. You're.

just okay with it. Yeah. But like I. said, I get the discount. I get I get. cash back using the card. What cash back. percentage do you get? I mean, sometimes. like Oh, I don't know the percentage, but I get Why the are you doing it if. you don't even know how the math works? Cuz then I don't know that I Oh, the. discount. What? What's the discount? Uh, sometimes you just have to spend like. each dollar represents a point and I. think you get like How much is a point. worth? I don't know. A dollar. I get like $40.

It is No, no, no, no, no. A point is not. a dollar. You don't spend a dollar, get. a dollar. No, you do not get a 100%. return on your investment. It is not. It. is not. It is not. Do not be a dumb. No. How many points do you need to get some. rewards? Oh, I couldn't tell you. I just. Oh my. I guarantee you it is not. better. Oh my gosh, that's 34%. I. guarantee it is not better than 34%. Well, I get like $40 off here and there.

Yes, $40 off here there after spending. how much? Probably over 100, but it goes. towards my next It's going to be much. more than that. It's I don't know. Probably getting a 40% return on your. spending. I I don't know. I just know I. when I spend money, I get money. So, I. spend the money on but you're probably. getting like a 5% return. It works out. though. I mean, no, it doesn't. You. You're losing 33%. Are you What number. is bigger? Draw it on your crayon if you.

have to. Five or 33. Well, yeah, 33 is. not working. It doesn't Dude, it doesn't. That's not This doesn't make sense. You're being obnoxious. You're being No, no. You're just being stupid. I like I. don't know. I don't know. I I I can't I. can't get that. through. Yes, you get return, right? But. you're giving them more than they give. you by a substantial amount. Yeah, but I.

mean they have deals, too. And then, like I said, the student discount. That's That's really I like the student. discount, but even that's only a 20%. off. Yeah. Again, 33% is the interest. that's acrewing on here. So, the math. still isn't working. Yeah. Well, yeah. So, just in the in I mean in the in the. moment seems like a good I mean it seems. like a good deal, but it's objectively. not. We know the math. Shut the [ __ ] up.

Well, yeah. But so you'll chop it up. because there's no point in using this, right? Yeah. I can Yeah. Huh? Yeah. I can. Will. you? Oh, yeah. But like I normally use it online. though, so the find it even more. dangerous. Yeah, the physical card don't. really matter. It's much. Oh, happy birthday. What is this? Care. Credit. Why? Oh, I have five animals.

No. Why is it always. Listen, Alabama. Every time we get. someone from the [ __ ] that coast, that coast of the Gulf, which is always. is a thousand animals and as an animal. lover, like you probably can't afford. it. Well, I mean, you can't. You're. maxed out on every credit card. Is this. one maxed out? Actually, no. Somehow it. is a few hundred away. Don't know how. you did that. Care Credit. $1,4735. Are you saying this was vet. bills? Yes. Um, what you not have pet.

insurance? I don't. Why would you get an. animal if you can't afford pet insurance. to take care of their emergencies when. they will inevitably happen because. they're an animal? Well, I didn't at. first I didn't realize pet insurance was. a thing. Okay. So, you didn't do any due. diligence before you took on a big life. responsibility, right? What kind of pets. are they? I mean, I have two dogs, so. Pitbull and a mut mix. And then I have. three three cats. A mut mix. Yeah. I. don't know what she is. A mut's not a. breed. I don't know what she is. She's.

like pit bull and probably something. else. But it's a mut. Yeah. Not a mut. mix. Okay. A mut. Sorry. A mut. Yes. I don't know. I don't. know what she is. Probably some pit boy. What are the other three? Three cats. Yeah. Okay. See, these are pet insurance. type animals. Those are animals that. live like a decade if not more if we're. lucky. You get pet insurance cuz during. that time they do something dumb. They. eat something they shouldn't. They get. into something they shouldn't. And. you're not just going to let them die. And if you are, you're an irresponsible.

pet owner. You're just going to be the. one adopting them. Well, that's what. happened on that card. One of my But. it's going to happen more and more and. then you're just going to be further in. dense instead of just paying for. I have been looking in a pen. That's. what happened. You've been looking. Great. I bet that's your version of. trying. You downloaded the app. Didn't. use it. I looked to see what the quote. would be. Um but I like a year ago. No, actually like like a couple weeks ago. actually. I was looking to see how much. it would be a month cuz she gives me a.

face like she thinks she accomplished. something with that. Okay, go on. What. happened? Three. Okay. Um, well, first I. had to get a cat fixed. I had a kitten. Had to get her fixed. And then, which by. the way, before you do that, usually. look, often times there are community. organizations that will do fixing for. free or cheap. Yeah. Well, I went to a. vet that my best friend has worked at. forever, so it's like I knew the people. there. So that's why I went to a. specific vet and not like cuz we have. like spay and new because you have so. much money. Yeah. Okay. Well, okay.

Well, and then the my black cat, my. oldest black cat, he started having. what? Keep going. I know you're from. Bama. Sorry your hardest. Come on. Um he. got he had bladder issues and he had to. go he had to be hospitalized twice in. like the course of two weeks. So that. was very expensive for to have them hold. him and like do all the stuff, the IV, catheter, all that kind of stuff. Well, I almost took him to I had to take him. to an emergency vet and that was going. to cost probably like two grand. Um, but.

then I ended up taking him to a regular. vet. Um, so it was I mean it was still. like overall probably about 1,800, but. not as much as it would have been at the. emergency vet. So. um but yeah, that's what's on that card. My animals have gotten sick recently. You don't deserve animals. Don't say. that. No, you don't. You're not doing as. necess. You love them. You don't deserve. them. I take care of them. No more. Right. No more. No. No. No. No. No more.

animals. Absolutely not. But uh Yeah. No. more. I grew up with a lot of dogs, so. that's why I'm like I love animals. I. got to have them. Got to have some. animals. Is that you and your boyfriend. combined or does he have additional? No, he Well, the one of the dogs is his and. then the rest are all of ours together. Both of ours together. Hopefully, he doesn't want to get any. more, right? No, no, no, no. He's done. Okay. A little bit of interest. I bet. some's.

undeferred. Yep. Okay. And that's at. about 30%. Then the other ones, the. interest starts kicking in, one in later. this year and two early next year. Hey guys always ask me, Caleb, what do. you invest in? And honestly, I keep it. pretty boring. Take a look at this. Take. a look at this. This is my investments. right here. And this is why you got to. follow me on Blossom. If you want to see. just that, a couple weeks back, I. stumbled upon this social investing app. called Blossom and thought, "All right,

let's give it a try." And it turns out. it's actually really cool. And to be. clear, they're not a brokerage. Blossom. is a completely free social media. platform. They're not your typical. investing app. It's social, meaning you. can follow exactly what I'm investing in. and you can check out my portfolio in. real time and even discuss strategies. with me and other investors. There's no. guessing games, just clear transparency. So, if you're curious about how I'm. investing or just want to get smarter. with your money, download Blossom right. now and you can follow me at Caleb.

Hammer. I'll be sharing my exact. portfolio breakdown, investing tips, even responding to your questions. It's. totally free, super simple, and way more. fun than just guessing stocks alone. So, hit that link below, join me on Blossom, and let's grow our money together. Seriously, right now, you can actually. see what my portfolio looks like. today. Okay, what is this? What? What am. I looking at? This is a docu sign for. some kind of. Is that my UPS? Is it? I don't know. But you borrowed.

6,160, but you're paying back a total of. 10,929. Yeah, that was an upstart loan that I. got. Why? Um, well, I got initially to. consolidate debt. Great. Oh, yeah. Here. we go, guys. I consolidated debt without. changing any behavior. Never seen that. before. Yeah. So, I got it to. consolidate debt and then it was. Christmas time around the time I got it. So, then I ended up using a lot of it on.

Christmas for family. What is wrong with. this country? What is wrong with human. human civilization? We can't have. self-control for. oneing holiday one. Well, and make our. lives better so that we can have amazing. Christmases for the rest of our lives. We can't sacrifice. one. Oh my. And also infuriating. Yeah, that's why I. also pulled that 1,500 for my dad for. Italy. I used Oh my gosh. So, right.

after you consolidated, you blow it all. on Christmas. Right after you borrow. money from your dad to go to Italy. Yeah. Um but was this last year? Yeah, this. was in December December. Yeah, December. You got youring house? Yes, it. was. The are you doing? You get the. house, you consolidate, and you ruin. everything. And now the cards are all. maxed out again. In just a couple. months, you consolidate.

$6,160. And just a couple months later. that we are sitting here and they are. all maxed out again. Yeah, they you didn't stop spending. You. did not stop spending like you said or. else they would not be maxed out if. you've consolidated just a couple months. ago. Well, lies. I tried I I probably. paid No, I You did not try. I think I. paid off like the smaller stuff. Like I. had a firm. I think I paid off some. tires. So, I gotten some tires for my.

car. We'll see. I paid that off with it. and maybe like one other small thing, but I uh yeah, ended up spending it on. Christmas mostly. Get a house we can barely. afford and we blow it all at on. Christmas. Yeah. I I just wanted to give everybody. gifts. I I know what you wanted. Sometimes we give up what we want for a. greatering good, for the greater part of.

youring life, for better Christmases in. the future. How much did you spend on. Christmas? Well, I bought on my boyfriend alone. I. probably spent about 500 or more. Okay. Cuz I got some concert tickets. 6,000 of. the 500 to the 6,000. Okay. Um Yeah. Um, but I bought concert tickets with it for. my boyfriend Kendrick Lamar in April. Um, and then I got him some like. AirPods, some stuff for work, like a.

cooler, and some clothes, some shoes. Um, what. is the balance on this right now? Probably six. I think it was like 7,000. total I have to pay off. So like 6800. maybe. um is what it's owed still. Well, you're going to be paying a total. of. 11,000. If you don't pay it off.

early, 25.38% interest rate. all for Christmas gifts. It says you may. be entitled to a refund of the of a part. of the finance charge if you pay it off. Really? I didn't know that. Well, Hey. Well, I ended up buying myself some. Christmas gifts, too, to wrap and put. under the tree so I'd have stuff to open. cuz I bought my boyfriend a lot of. things, so I wanted to be able to have.

enough for me to open, too. So, um, yeah, a lot of that money was on. Christmas. I don't know. I still don't. have the thing necessary to be like this. is why it is. worth. actually sacrificing. I do have goals in the future like I I. Yeah. You want to build aing house but.

and I want to have kids eventually like. I really Okay. Yeah. So you I'm. want marriage. You got $70,000 of bad. debt. Not even close to marriage. I mean, we've talked about it. Hey, we've talked about it, but you guys. aren't willing to until you guys are. both in better financial positions. But. you have $10,000 more in bad debt, not. even including your mortgage, bad debt, than you do in income on an annual. basis. Then you have your cost of living. that eat into that. Mhm. Then you just.

travel twice a. quarter and concert tickets. I'm This is. probably just another show. Just another. show coming right around the corner. Another big music festival, right? Yeah. I mean, I've been looking at Bonnaroo. and Laala Palooa, but I'm going to just. I don't like Which one's more important, kids or LA Palooa? Which one's more important? I mean, kids, I want I want sacrifice and don't.

go to La Palooa. I know. I'm just You. get to make the choice. This is your. choice. I know. No, I'm just in my early. 20s. So, I'm like I want to explore. Well, you want to have kids? Cuz. remember, this takes you to your 70s. I. mean, when I'm in my 30s. Well, you dumb. tank. Guess what? 30s is before 70s. So, I don't know what to say. If you want. kids by your 30s, you need to start this. now. Yeah, I know. I know. I I Do you know? Cuz you're not doing anything.

You consolidated a couple months ago and. built them all back up and spent a lot. of the consolidation. oning the new. debt on. Christmas. Yeah. Um I Yeah. I Yeah. Insightful Sheen. You're buying Sheen.

and financing. it to pay through four. Yeah, I regret that one. Great. Sheen's not good. What all are you affirming? Cuz I feel. like there's probably more than just. this. Uh, I have enough. The fern's for. my couch. That's what I use my couch. for. What? Well, that's why I have the. rooms to go, too, cuz I tried to get a. room to go credit card and it wasn't. enough. So, you then So, then I used a.

firm instead cuz they wouldn't give me. high enough credit limit on the rooms to. go credit card. I used a firm instead. Okay. Rooms to go. You have. 2,220. I didn't I don't see that on your. affirm. That the couch? No. Yes, it. should be on my affirm. Well, maybe it's. in a different statement then because. just on this affirm document alone, I. only see the sheen. [Music]. Maybe I forgot to send it. I definitely. have the affirm for How much is owed on.

a firm? About. 2,000 for the couch? Oh, on a firm? Yes. Oh, what's the interest on that? Probably probably like 30 40% off. Okay. What's your minimum monthly on that? 18520. Huh? 18520. Okay. That comes out of our. joint account. And then on this rooms to. go one, it's a 32.84% interest. Usually. rooms to go 0%. So you just went full.

stupid about this. Oh, I think Okay, that is the affirm for the couch. It's. just linked cuz I bought it from Rooms. to Go. So it's affirmed through Rooms to. Go. Okay. Yes. Yes. Yes. That's what. that is. Uh so that's the same thing. That's your 183 185. Uh 18215. 18215. Okay. Light up. 2220 and 75. So I'm guessing you're just loading up. all your rooms with new furniture. How.

are you affording to get all that? Uh. just I mean with the cards I to get the. Affirm it or I use another credit card. that I need to use it or I do like. Afterpay, CLA, um stuff like that to pay overtime. Crap. Yeah. And like I said, I I had enough.

firm for the tires and I used the loan. to pay that off. So, um, this was recent. That's for Italy. Great. So, you have a debt for a debt. Yeah. Pay off your dad with a. consolidation. Yes. So, you never when. you said you paid off your dad at the. beginning, you didn't pay off your dad. You now have a consolidated interest. debt. Interest debt. You didn't pay off. your debt. You said I paid off you. You. let you, man. Dude, you completely.

manipulated that part of the. conversation. I paid him with the But. you didn't pay. You borrowed. I mean, you looked It looked like there. was aing diamond in the Roth there. And. then you you But you left out the most. critical piece. You didn't pay. You. borrowed. Yeah. To consolidate and try. to Yeah. But you didn't. pay. You didn't pay. You didn't.

sacrifice. You didn't save. You didn't. do anything other than apply for a. loan. Oh my gosh. I'd rather owe a loan. than owe my dad. So really, you'd rather. owe a 30% loan than zero to my dad? Yes. I get it with the Why'd you borrow it. from him, you tit? Cuz I want to go to. Italy. He he he mentioned him. Cuz he he. said he would pay for it if I paid him. back. So I Why did you accept it though. if you'd rather have a personal loan. than him?

Uh, except. his. Oh, yes. Cuz I I don't I wanted to pay him off, pay him full before we left. I was. supposed to pay him before we left on. the trip. So, I used for borrow for Did. you think you were going to borrow to. pay him off or do you think you were. going to pay him off? I was planning on. just paying him. Planning to Yeah. Every. month. Yeah. What was the plan? Like. $200 every month. How'd that go? Not. great. Did you pay any? I I paid for. like the first two months and then.

you're incapable of doing anything. longer than [ __ ] up more than two. months. If there's anything good in your. life, you can only do it for 2 months. Don't have a kid cuz you'll lose. interest in taking care of it after 2. months. I don't think so. I nothing. historically to say otherwise. I don't know. I try I try to I tried to. pay him off. Well, you didn't stop. saying thating word. You don't know what. that word means. Okay. I Yeah. You what? Nothing. You.

what? Nothing. I Nothing. Uh, nothing. Where's this Insta Cash? Yeah. I Are those like those little just. paychecks that hit you early? Uh-huh. Why are you doing that? If you're. falling into that trap, you're likely. Yeah. I've been kind of stuck in that. for a minute cuz I the Where did you. start? I was I was using Dave a while ago and. then I got kicked off. Dave, of course. You didn't pay back. I paid it back. Why'd you get kicked off? Uh I think cuz.

I was just I don't honestly I don't. remember why I got kicked off. I just. remember you off. You would have been a. moneym milking machine. I mean I. definitely paid it all back. I don't. know why they kicked me off on time. Yeah, I think I just got kicked off of. it. So then I started using lining up. the money lion instead. The money lion. Yes. How much you owe to them right now? Zero right now. You make 60 thou. So, you're not in the trap. I probably will be. I just got paid. yesterday. So, that's why. Why? You make.

60. You make a You make a median. household United States income in a. cheaper. area. What is wrong with you? You have. no ability to be mature with your money. No. Please download the app. My gosh. Impulse buying is the worst. Set yourself a category, a limit on what.

you can spend on boots. Yeah. Okay. Okay. Set up a savings goal in. there for a concert. You can do this. You just have to manage it accurately. Well, see, that's what I don't know how. I'm supposed to pay monthly minimums and. also put money aside for savings cuz you. budgeted because you pro I mean, we'll. find out when I make you a budget if you. even have enough. Oh my gosh. Yeah, you. instant cash like crazy. How much do you. borrow in a month? Typically, probably. about 200 up to 200 a month. More than. that. I saw probably three 400 3 to 400.

Well, I had to use it to get the plane. ticket here, but um use the. reimbursement to immediately pay it off. then. I will. uh student loans. That's a Yeah. What. was your degree in? Uh in global. business with a concentration in. management. Yeah. You're actually using. it. Yes, I am. If you want a course. career certification to boost your. resume and hopefully get uh higher. income eventually and let just let me. know which one you want and I'll gift it. to you. Okay. It's been used by the.

audience. Yeah. I've been debating on if. I should try to get a master's degree or. if it's worth it. I mean, it can be. If. you can do it in off hours for you, that. would be best. Right now, I need you to. really utilize this income to pay off. this debt. What's your minimum payments. on your student loans? Uh, I don't have. any right now because it's in. forbearance. So, I I don't Were you a part of the save. plan? Yeah. Well, I think I'm part of. the ID something. I'm part of some. income. But you make a good income. I am. down for those programs for people that.

struggle. You shouldn't be. Your your. struggle is a choice. For two years, you've been making a really good income. You should pay back the student loans. that got you to make that income. Yeah, but since I don't since I don't. struggling, absolutely. Let's put them. on income driven. Your income driven. should be pay your payments. Your payment would be 250 bucks a month. Probably you can do that. Yeah, it's. like 145, but uh it's got 0% interest. right now, so I don't have to pay it.

So, right. This is why people are angry. about forgiveness stuff because people. like you shouldn't be the one that's. benefiting from that. I mean, I they I put in all my income. They accept me. I know. Exactly. That's. the problem. They didn't have to accept. me. I know. And that's the problem. Do. you not understand what I'm. saying? Ally. No. Pen Air. It looks like. Ally. Pen Air. Oh, credit union. Yeah, it's my car. But this is a car. Oh, KiaForte 2017. Okay.

Yeah. Okay. What's the interest rate on. that? Uh probably I think it's 3.99. It's really good. Really? Yeah. I got it. like that is good. 2021 when the whole. used car thing was going on. Well, I. don't hate that. Was a Yeah, I But I've. walked into I hate. this. Whoa. Hold on. No, that this is. not true. This can't be true. What do. you think it is worth? First of all, you. owe. $12,533.17 on it. What is it worth? If I. had to guess, probably like 6,000 or.

something, 800. God, what the You're. under I'm glad you have an incredible. interest rate. You're underwater by. almost $10,000. on aing $12,000 loan. Well, I when I. went to get a car, I went into the. dealership like right after work and I. left that day with a car and like. underfus interest rate. But this is. where I can't get an affordable car. I. can't find it anywhere. Yes, there is a lot of struggle and it. takes a lot of time. But that's the. thing is that take a lot of time. It.

takes a lot of research. You got to take. things to mechanics. You got to put in. theing work. You're a salesman's best. day of their life when you are the. person that is the vast majority of. people that honestly get cars. They go. into the one place, they see a car, they. like it, they walk out. You got to put. in time. Take home transportation. Even. taking Ubers for a couple months, even. though it's expensive for those couple. months, is worth it over the course of. multiple years if you don't get into an. insane stupid loan. And you got into an. insane stupid loan. Did you roll over. negative equity or something? No, I This.

is without rolling over negative equity. No, I had a I got in a car accident. So, I got some money. I totaled my car and I. got some money back. And so, and even. with putting that money towards this, you are this underwater. Yeah, cuz I. still got You got. swindled. Swindled. I had to find a way. to get to work. I had to get to work. Uber. Uber. You little and you wouldn't. be $10,000 under the [ __ ] whatever. Whatever. What do we do? Well, at the. time it seemed more expensive to do at. the time. At the time, at the time, at.

the time. Yeah, at the time. Everything. Great. What's your minimum monthly. payment on it? 296. Why do I see a. payment of 242 then? I might have there might have already. been some money in the account. I. sometimes pay a little bit over and I'll. have a couple extra dollars in there. Um, but it's 2.96 a month. I did have to I think How is it? How's. the car doing? Oh, it's not doing well. right now. I'm I'm When I get back, I'm. going to have to have to take it.

somewhere. What What's happening? The. It's been stalling a little bit. Oh, transmission. Hopefully not. I It's just. It'll It'll driving it'll just kind of. stop. It feels transmissiony. That's what happened to me when I lost. the transmission. I don't know much. about cars, though. Me either. That's. why I'm like I don't know. That is at. least what happened to me when my. transition was failing in my 2013 Nissan. Ultima. Yeah. And I've been trying to. put it off as long as possible. Okay. Um. but yeah, but now you probably can't. trade it in and then not catch.

it cuz I was able to get away with that. Is that moral? I don't know. Still did. it. That's fine. Hey, that's a great. idea. I've never thought about that. Go. Yeah. Well, yours is probably now. Yeah. The check engine but the check. engine light comes on and then goes off. So like I have a little bit more time. But the. $3,000 to put underwater by about. $9,500 on it, but that's until they know that your. transmission is failing. Yeah, I think I started out with $18,000.

on it or something crazy. How long have you had this loan? And. it's still obviously going to be around. for longer than the car is going to be. around at this pace. Yeah, for sure. I. think the car is about to about to bust. It's getting there. Why'd you have to say that? No one talks like that. What? About the. bust. Oh, it's about to drop. It's about. to die. It's about to die.

Yeah, it's at 4%. It's good interest rate, just bad loan. Yeah, which I at that point I think I. was just more focused on the interest. rate cuz that's what everybody was. telling me was like make sure you get a. low interest rate. So the total cost I. don't think I really thought about. Okay. So here's the house. $24,3642 is your remaining mortgage. Okay. How much did you put down?

Nothing cuz it was a firsttime home. buyer. So I got the FHA. Yes. Well, so. you put a little down, but yeah, I think. I think Well, I had to pay off credit. cards, too, to get the loan. Um I think. I had to pay off the care credit, the I. had a Home Depot card, and then. Yeah. But yeah, to and I put like That's. $1,176 on a monthly basis. Yes, it is. Type in the address.

Send a send a new. address. Oh, that is not the right. one. I. need. Okay. Well, oh.

no. All right. She has an equity. position of, wait for it, $300. Are you serious? Which means if. you sell it, you definitely lost cuz. you're likely going to pay 6% 3% to the. seller agent, 3% to the buyer's agent. That's not 100% required these days. You. can negotiate that. But um well, I was. planning on staying in it for like 7 to. 10 years. Yeah. You plan on it until. something happens where all of a sudden. you can't. That's not how that works.

That's why you need an equity position. need a fully funed emergencies fund and. all I saw was max out credit cards. So, [ __ ] you. Sorry, but that's not how it. works. Also, it's going to be a harder. house to sell. I mean, it's 1,200 ft². You usually want at least 1,500 for. resellability. Three bed, two bath, at. least you do have that cuz that is kind. of the minimum that you'd want for easy. resell, but it is going to be a harder. time for uh you're going to be looking. for either a starting family or. first-time home buyer. Oh, that's for. sure. Well, that's what most of the. neighborhood limited yourself. Yeah, but it's in a great area. I'm.

sorry. What? No, I'm not going to hurt. your feelings. What? Go ahead. Do it. Do it. Do I just. It's just It's It's the It's It's just. the It's the landlord special. The. landlord special? What does that mean? It's very 2015 renovation. Gray floors. Oh, gray floors. We can't be doing gray. floors.

Gray or great? Gray. You don't like the. dark? Is that not good? I thought that. was way better than light colored. Yeah, it was good 10 years ago. Um, I think. it's still great. Lightwood now is what. everyone's getting. No. Yes, that's what. my last house was and I it just tracks. too much. You can see everything. But. I'm just thinking resellability again. You'd be selling a house that seems. dated. Yes. I if I know anything, it is at. least real estate. That is like my. passion. I didn't know floors went into.

it that much like that. Floors go into. it that much. Have you talked to a white. woman? I am a white woman, unfortunately. Didn't know about that one. Regions. Yeah, that's my personal account. $325. in a checking account, but we have a. mortgage. Great. Okay. Oh, when has got. some bull when got some bull and Panera? Oh, good. This is. [Laughter].

all How much the did. youing spend? Huh? What did you do? What. have you done? Where is. it? If I could find it, where would it. be? Yeah. Almost $500 going out the. almost $500 on miscellaneous bull. Yeah. Yeah. Going out to Yeah. Zach's. cash app out. Cash app out. Spotify cash.

app out. Where's Cash App going? Um, where's Cash App going? Either to my. boyfriend or my mom. Okay, great. Why? Well, okay. Apple, Chick-fil-A, Cash. App, Cash App, Cash App, Chick-fil-A, Rusty's Can't uh When Got some. Okay. When you go to the gas station for $3, what are you getting? These. Oh, you Why. can't people buy in bulk? Are you guys. actually Is humanity failing? Humanity. is failing. Why can't you buy in bulk? I'm so The cans are smaller. If you buy. in the six-pack, the cans are smaller.

How can Costco get a little tit? I don't. know. I need Monster Barnes & Noble. Go. to a library. Monster Rusty's Jimmy. John's. Monster Rusty's monster. Fashion. Novear, Chick-fil-A, Rusty's, Amazon, Monster, Porrid. So the rest what? The. rental car torid. Is that what that is? No, that's the that's clothing we're in. Great. That's clothing. Um, but.

Monsters, Nintendo, Starbucks, Nintendo, Apple Bill, Netflix, Monster, Rusty's, Monster, Monster. I have there's a cafe. at the office that I work at. Great. Pack a lunch. Congratulations. You. figured it out. You bought a new. kitchen. Use it. Well, yeah, but the the. down there they have like a little grab. and go section or Great. Pack a lunch. You just got a kitchen and use it. Yeah, I try. Objectively not. Objectively not,

lady. That's not true. You even knew. You felt it coming. I've conditioned. you. Was it Pablo's dog or something? Just. me. savings went down $200. Yeah, we good. You have 1,900. I'm glad. you have that. But it went down. Yeah, we got I got my my deposit back from the. rental and then I put all of it in say I. think I put like $500 in savings. Um but.

something came up and I had to pull out. and I had to pull it out. Wait, what? In this account is McDonald's, McDonald's, Domino's, Ed's Bakery, Cracker Barrel, Amazon, Pickly, Wiggly. Monsters, maybe Blue Tequila. The are. you doing? What are you doing? It's. going down in a McDonald's, Amazon, Amazon, Sonic, Shake Shack, Brew, Come. on. $50 in the savings account.

Bull. Oh, and then the savings account, a dollar went down from 500. off 401k 12,000 actually a weird. surprise to finish this these documents. with. okay a surprise for sure that's the one. thing I don't touch 401k okay and you. bettering not don't even consider it. don't even let that be something that. you acknowledge is possible okay okay.

mm- no No, no, no. Ra, you want me to start grabbing on the. floor? Okay, your minimum debt payments.

Let's. calculate not including mortgage. Oh. Kill it out is almost half of your. net. $1,57.15 is your debt. Not including. your mortgage. Your mortgage. 1,276. and21. Okay. How much does he provide to. the mortgage? We each put half of our. paycheck in to the joint account. Every. paycheck. I don't know what half a. paycheck. How do you split the mortgage? Is it down the middle? Yes, down the.

middle. Okay. Completely down the. middle. I'm going to divide that by two. $75358. Well, if you guys don't break up. for financial sake, utilities, how much. do you put towards utilities? Uh. [Music]. 15 probably about 300. Is that including. the internet? Yes. Okay. Your phone. bill? Uh well, we have a joint phone bill.

Yeah, you're [ __ ] half then, please. Sorry. Uh 150 irritated. Okay. Uh gas. just you driving room to room and. probably about $100 a week a week. Okay. 400 car insurance your portion if you. split it. 131. Okay. You can contribute $300 to. the food pile. Again, use the cookbook. Use the cookbook. If you want the. physical version, just download Simpler. Budget. Select the annual version.

TP fund. You can do $100. It's makeup. It's anything you need. TP fund. Medical, healthcare. 107 a month. Okay. For what? For it's for dental, health, all that. And it's Is that before your pay hits or. after? Uh, it's it gets taken on the. paycheck. Oh, okay. I'm asking what's. Oh, sorry. Yeah. What do you have to. spend on healthcare, medical on a. monthly basis? Uh, half medications are probably like. $50 a month. Cool. What about Jim?

Nothing. I need one. That's something we. need to budget. You have five pets. Health and age. Of the pets? Yes. The. one of my dogs is two. Okay. He's good. Good. Perfect. Okay. There's 40 bucks. for pet insurance. Next. Uh, another. dog. She's eight. Nope. Next. Uh, the. cats. I got three cats. Cat number one, age, health. Cat number one is six and.

he's the one that was at the vet. recently. Nope. Okay. Next. Um he's. about four. He is invincible. He won't. never get sick. He's good. Okay. Claire's 40. Next. Um the little kitten. She's about a two years now and she's. she's okay. She's good. She doesn't get. bad hills. Okay, there we go. $120 to. pet insurance. Pet food. How much on a. monthly basis? Oh, well, I've had to put. them on special food. Oh, for probably 120.

Cool. Anything else that has to be in your. budget before I add it all up? No. Uh gym budget if you want to add. that in there. You want? Okay. Yes. Yeah. Yeah. How much do you need? Probably like 20 bucks a month. Okay. Yeah. You need. $3,951.74 to live on a monthly basis. You make 3,600 and that's with you. splitting the mortgage. So, you are.

underwater. Uh, listen, you might be in a situation. where bankruptcy is kind of the way out. Keep the house, keep the car, get rid of. everything else. Or you're just going to. have to go work 80 hours a week and. grind on this slowly. And it's going to. take I mean let's say you make a net an. extra five 500 after your living exp so. you need to make an extra let's call. it an extra 800 bucks but you have 500. left over. Okay $70,000 of bad debt.

Again this is not including your. mortgage divided by. 50. 70,000 by. 50 it 500 I'm so sorry. Okay, 70,000 divided by 500 is 140. months. I mean, even that still takes 12. years and bankruptcy would be off your. record at that point. But do not go. through bankruptcy until you change your. behavior again. Download the Simpler. Budget app. Take all of our classes. We.

have four classes now, including real. estate, which would have prevented you. from getting in this mess. But you got. to take the budgeting one first for. sure. You get them all for free. Do you. think bankruptcy is probably one of the. other better options? Or I mean, even if. you're bringing in more $900 more a. month than you are now, it's like still. not making it. It's not making enough to. It's 12 months before you can even start. saving for an emergency fund. Years, 12 years. Oh. So, it's bankruptcy situation.

potentially. But you do not enter it. You do not go into it until you have. proven you've changed your behavior for. not three months because that's the most. you've ever been able to do. Maybe 6. months. If you prove that you do not. spend on debt, do not build debt, are. able to stick to this hardcore budget. for 6 months, then I will allow you to. go through bankruptcy. And it's not. cheap. It's a few thousand bucks and it. can be stressful. Yeah. My dad's been through bankruptcy. before, so I don't really like father.

Spending a budget, you overspend zero. out of 10. debt. Look how long it takes. to pay off. I mean, the balance is. approved. It's basically as bad as you. get without collections or IRS debt. So, 1 out of 10. Emergency fund. There's. nothing there cuz there was a checking. account that I looked at, but I'll give. you a 1 out of 10 for at least that. checking account, but it went down. Retirement, it was at 12,000. Yeah. How. about 12? Make 60,000. 25 terms of. scaling to get there. Yeah. About 7 out. of 10 to get to one times your income by. the time you are 30. Real estate, no. equity position. At least you're there.

though. So, if the market does go up, you'll gain it, but you're still in a. risky position. So, real estate three. out of. 10. Good luck having to make any. repairs. You're not ready. Well, I got a. home warranty for at least a year. So, that covers that covers the first year. at least. Yeah. And you're almost. halfway through that. Yeah. It's come in. handy though. We've our our Hammer. financial score rounded up 2.5. Guys, join us in the post show. Join below. Our Hammer Elite version of the. membership has more content than any.

other membership on the entire platform. We have proven that by talking directly. to the source. So, go ahead, check it. out. It's the fastest growing on the. platform for a reason. We can call. Adren's boyfriend if we want. And I'm. curious if he knows how much. Yeah, call. him. Hi. How much uh bad debt, not. including the mortgage, do you think. your girlfriend, not wife, has? 15. grand. I think. that's adorable. Why aren't you guys. married? My army area. Yeah.