Woman Has Everything In Collections | Financial Audit

I'm Stephanie I'm 35 I'm based out of. Austin Texas and this is the financial. audit. all right what do you do here in Austin. for a living I'm a nurse okay very cool. what kind of nurse I'm elvian so our LPN. depending on what state I'm in so the. lower paid version of a nurse okay yeah. okay do you enjoy being a nurse though. um yeah I was raised in the industry so. I'm pretty used to healthcare and that. type of stuff I don't know my mom's a. nurse so oh yeah very cool uh what do.

you make I assume hourly correct yeah. what's your hourly uh 32 54 or something. like that and how many hours a week do. you get on average supposed to be 40. supposed to be sometimes it's a little. bit more like 45 ish oh okay well that. was the better end of that yeah good it. used to be like 80 60 but not at this. job at like regular jobs I work at desk. job now so it's desk job okay yeah what. do you do I'm a quality nurse I'm a.

transitioner so I oversee like all the. hospitals and doctors offices and try to. help one of the health care plans take. care of their patients and like get. people all the resources and hopefully. help people like stay healthy and out of. the hospital oh cool cool so hopefully. 40 sometimes a little more is there. overtime or is that yeah there's over. time what's the overtime wage um like. time and a half I think it's like 48. something I think one of my pay stubs in. that um stack and this okay so it has is.

it in this or this it's it's in the on. the tablet okay yeah we're about to be. doing a deep dive session here because. it was a little chaotic getting some of. the stuff in it and they're like. pictures within a long document and then. I fold it I have not had access to well. the other one I so what's gonna send. earlier but yeah this is I don't know. I've been like scammed a couple times so. I was like I'm gonna wait till I get. like a more human response before I send. Okay.

um but yeah and the first ones didn't. like come out right so then this was. like a quick. quickie scan Okay so. let's try to find the income statement. within here. this could be it no I think that's my. HSA. it's that one ah. yeah so. yeah we have like a lot of bonuses yeah.

uh so this is bi-weekly it looks like. yeah about 80 hours an extra 9 hours 38. very good and this came out to net and. does this does this feel like an average. yeah that's uh more typical because I'm. usually doing a little bit more work we. just got a boss though so now she's. helping do the extra work I was doing so. the overtime okay might be gone oh. really but I don't know it depends on. how much stuff she has to do because.

I've been like unofficially leading my. team for a little bit so I like do extra. work on top of our work to keep our team. going okay it added an extra 500 bucks. so you walked away with 2 000 meaning. we're at four thousand dollars a month. but we would be at like almost like. three thousand dollars a month without. that over time uh yeah kind of without. overtime it is uh tight but yeah it. would be about approximately I think. about 3500 without the overtime yeah net.

because net you're 4 000 right now so. that's what's hitting your account on a. monthly basis. yeah you have to get a lot closer to the. mic that's okay I was like trying to. itch my nose that's okay. um yeah so I try to work as much over. time as I can when we're allowed to like. if there's a project or something I'll. take it on. um I also like try to do every side. hustle Under the Sun so I was bartending. for a couple years. um for like events and stuff like that.

uh and then I do writing jobs like I'm. freelancing for uh. company back home that I used to work. for yeah so I rewrite their curriculums. I wrote a couple of new classes for them. too no it's cool. um but like right now everything's. getting updated so I'm updating that and. I've tried to reach out to like all the. schools in Oregon to be like hey if you. want someone to update yeah everything. like I'm already doing this one so I can. do you next. um yeah okay well very cool no I love.

the side hustles uh so let's just start. well actually before I jump into your. checking account I want to hear from. your perspective especially since I'm. dealing with all this for the first time. in terms of the documents I'm looking at. them what's your financial situation. give yourself a zero out of ten oh. so I'm probably gonna get like uh two. okay. um maybe not. I don't know well it's a financial. situation uh I'm comfortable like right. now like I grew up like in a really.

tough situation like a single mom all. that uh like living in the projects. Welfare Services all that type of stuff. um so at Oroville California sure so. it's like a little met Town. um but who doesn't love a good method. yeah okay sorry go ahead and continue. yeah so I got out of there like pretty. early but like now I live like in the. best I guess way that I have my whole.

life like I live in a nice place and I'm. pretty secure but what about your dads. are your dads stacked oh the debts are. yeah they're sick but I was in debt. before I turned 18. um well we'll get into that sure before. we do you should hit subscribe because. we're trying to get the 500 000. subscribers thank you to everyone who. has subscribed so far so get your. checking Okay so. savings will win from 175 to 225 within. Chase so really not that much and. checking we went from the beginning.

balance of 4631 to. 5639 so that's good it went up. very good yeah. and this month you know like you always. here was one of those months that's a. little bit different. yeah yeah but. um every month is different unless it's. strictly budgeting and even still every. month is going to be a little different. so you got a reoccurring thing White. Water Car Wash but as you put in here. canceled yeah. uh we went to some Cafe.

what's up. portfolio recall one of those debt. companies oh geez because yeah 72 bucks. went to that and 35 went to that I made. a hundred dollars a month for a couple. of one of the collections accounts. challenges what did I walk into okay. how I this is cursive and I don't really. read first oh I think I reimbursed. myself for that it was like meds it was. like my Med cost um okay like if I don't.

have like HSA all my HSA money in there. to cover my meds I'll wait till like my. next paycheck and then paint myself back. okay Tarjay Tarjay and these are cheaper. Tarzan chips just got out of the. hospital whenever I did this so all. those are donations by the way. no donations they were donations so you. purchase things to donate yeah for uh. one of the don't you be donating to your. collections I do I was I don't know it. was an elderly guy that has like no.

family here in America I get it so I. felt like really bad for him because we. were in a similar place but I got out. Poshmark. yeah 50 bucks I know Amazon. making some credit payments okay okay. okay. Planet K it's expensive yeah ATT oh. internet probably okay. oh lots of this is all over the place no. the Turbo Tax and ATM withdraw 200 bucks.

uh who knows where that went. I guess okay and it was on an Amazon an. Amazon. coffee again. you're getting Zell's in. yeah I was supposed to get more zels and. like all those Planet caves yeah to go. to Planet K like every day no that was. like I was hanging out with somebody. from uh the hospital for a while or well. I was hanging out with someone anyways. and they were asking me to buy them. something they were gonna are gonna pay.

me back and then they didn't pay me back. but I did like put my foot down like and. you know I was like well I have to. budget and like I'm not budgeting in for. your like habits so do you budget I do. strictly budget yeah the strict budget I. have a broke girl budget okay so all. these coffees were in your budget no but. I I did just on the Amazon out of the. hospital. this month. I've been making all my coffees in the.

Keurig uh well like I make tea finally. but. okay and we also we're playing cards and. card purchase something oh Michael's. again we've gone to Michael's a few. times. yeah okay and we're vending out some. money as well. web payment Bell that's probably rent. yes the big one you live by yourself. yeah that's a. that's 50 of your income 50 of your.

income goes to rent of my regular income. have you read their income but the. others the side houses are up and down. right yeah but I was working uh on a. covid unit whenever I moved in there so. it didn't used to be 50 of my wages I. used to make a lot more and if you look. for other jobs to try to get that income. back. um. and Yen land. really do anything else besides be a. nurse and probably make more money. hmm um.

but I don't know my family did not like. any other time I walked away from. nursing so family what I don't care. yeah but like right now why do they. matter why why are they a part of this. conversation when it comes to you making. money I know you come from the you said. that's like the industry but. um like I don't care make more money. live the life you want to live yeah I'm. working on like trying to either like. build something else like on my own. while I'm using my nine to five to like.

fun paying back like all my debt and. then of course my insurance and things. like that like I got really really good. benefits with my job so I'm hoping I can. like build something uh. and make money while I'm still working. this nine to five for at least like a. couple more years maybe. okay. okay make my time like more valuable. hopefully. and then you said on this Albert oh yeah. I closed the I forgot I had that 50. bucks so that's gone yeah I just put it.

in my savings account which well it has. the chase savings or is there another. savings that I'm not aware of. um no that I actually don't really use. my Chase savings that much I just keep. everything all in one account because. I'm weird. um I just started like actually moving. stuff to it. um. but the Albert had like automatic. withdrawals that it would do towards. like certain savings things and I didn't. realize that it was charging me like a. fee for it so I like canceled it and got. I'm getting reimbursed for the rest of.

the subscription fee okay what is this. scene that's my car payment. oh we'll get to that yeah Jeff this is. your HSA a couple hundred bucks yeah. they at least give me free money. um from work in there. I think I got like 800 a year from work. that's nice yeah Chase okay we have. Fidelity. 2189 what is this is this that was a. roll over Ira okay yeah oh I hope.

there's more than that because that well. there that's not the only one but that. was uh one I didn't know I had and then. I combined it into this company where's. the money in government money no no you. got to start investing this this needs. to start I don't know what right now. it's just it's just sitting in camera oh. that one isn't nothing yeah that one I. have to like pick something out yeah you. should do but uh it had to move it took. like a long time to move it because the. other company that had it was. like playing games and didn't have the.

papers that Fidelity wanted and it took. like six months just to. get it there. and then nine thousand dollars United. Health Group. yeah. 401k. okay. so 9000 plus that two thousand. is that it. it's a little bit more now that was. April's statement so like every 10 000. yeah I think it's like 12 or 13 with all. of them put together.

um so you're at 13 000 in retirement so. I just started it last year okay that. scares me being mid-30s I know well it's. very scary I always thought that I would. you know just get married and have. somebody else deal with all of my life. planning issues you didn't get married. no I almost got married a couple of. times but I didn't and that was probably. a smarter idea okay um well it's not all. about the bunnies no yeah but I mean. I've been trying like I've been.

dealing since before I turned 18. there's this whole what what give us. something so like we grew up in the. projects and yeah. my mom was on her own there was some. bills put in my name before I graduated. from your mom. um yeah oh geez I'm sorry but no it's. fine I mean it's not only like they give. you the option of like you can like put. your mom in jail or you can. you and your mom have a good. relationship.

she is blocked. um but I mean she she she has tried to. be fair. um. so this is about to be amazing I'm sorry. we're not gonna put this stuff on screen. because we don't have the things but. this is about to be a mess they are an. organized steps okay but some of them. are also like zeros and stuff too like. some of them I was just gonna like look. into uh oh this one is something that. just popped up.

collections better yet do you have. Credit Karma on your phone yeah I do go. ahead and open that for me wait oh. that might be a much better yeah. starting place at least yeah. all right so we're in the low to mid. 600s. huh. let's go ahead and take a look. at what's up payment history 100 good. Target marks five bad lots of that what. did we do.

um. there's a lot of collections so much. collections so I've like restarted my. life a few times and some of the stuff. that's in collections I'm like writing. letters to them um because I either. never been to some of the places that. are charging me or they were like my ex. or other things that has anyone. responded to these letters no I'm. getting ready to send off the actual. like like saying like. um requesting like they're like original.

contracts and everything because some of. the companies are coming after me for. stuff that's out of the statute of. limitations so some of those ones I. won't have to worry about but well maybe. the ones on here the oldest one's three. years old so that's not even that old. yeah and there's different ones on each. one so depending on which one you're. looking at Midland credit management. all the time yeah but what was that. um it was Care Credit so some dental.

bill of some sort why don't you pay it. because I was moving either down here or. working a sales job at the time that. made like absolutely no money. um okay why don't you pay it though I'm. confused well it was when I was barely. like able to pay my rent and I was. working a bunch of different we're going. out to eat and stuff I was not I usually. like am lucky enough to have friends. that will take me out with them but I. haven't been going. I'll really.

for a while. um just because I know what the. Situation's like so and I know how fast. things add up so I usually I'm getting. coffee and stuff on yeah the bills that. we were like I just got out of the. Hospital whenever I did that month so a. lot of that stuff that month was like I. needed to get back into therapy and out. of being triggered and yeah therapy is. good we I encourage that but yeah okay. Portfolio Recovery what's that for. that's uh that's the pr that's the one. that you're saying it's like a hundred.

dollars yeah but what was it for oh uh. it was for my laptop when I first moved. down here and then why'd you get a. laptop if you couldn't afford it what. you need it for for that sell straw that. I was doing we had to travel around and. do stuff so if they did they didn't. provide work equipment it wasn't really. company yeah. okay the other Portfolio Recovery are. they for the same thing uh it's for an. Ashley's account because I had to buy my. furniture whenever I came back down here. no why'd you get okay but the the laptop.

for work I mean I wouldn't know that I. would have tried to I would have got it. and this was like five years ago so but. and the the dental thing okay. but Furniture you did not need to buy. furniture get a mattress I bought my. mattress on the ground and that's all. you need to survive you did not need to. go and get thirteen hundred dollars well. it's probably more at the time. okay so the other one the 645 that's. Furniture ouch yeah it was just a couch.

it wasn't like a time I didn't need a. couch why are we buying things we can't. afford so I wasn't sitting on the floor. I don't care. if you can afford it though it doesn't. make sense to get it because now it's in. collections right yeah it is in. collections but. um yeah. well it's IC Systems. one is uh anesthesiology bill so that. one is one that I was gonna pay they. it's with a debt buyer though now so. they were gonna give me at least half. off so that was the other thing is like. I have a little spreadsheet of all the.

different deck companies and Elevate. recovery what's that. oh so that is I think that is this but. they haven't actually sent me a bill. what's it for though um oh that was when. I broke my leg in 2020. jeez yeah well. it's for 2039. yeah 2039 is what it's. for yeah and I was waiting for them to. send me a letter so I can send them. something. back so they can confirm it or see if I. can pay it off have you been paying. these off.

um my hospital bills I didn't obviously. I wasn't able to work because my leg was. broken so I was not able to stand for a. couple of months okay you have a credit. card which I didn't have access to your. spending on oh low carb CV. yeah but it doesn't actually have that. on there anymore. what. what does it say 166 still yeah. yeah so I had a battery that I had to. replace. um last month I guess but I already paid. it off I just put it on there uh.

temporarily. move on to keep stuff open yeah nursing. school do you spend on that credit card. no I don't use them. um I usually use them for like oh just. in case because I am here by myself and. I don't have a family or like where's. everyone. California and right like Korea. Philippines everywhere. okay what is where'd you go to school uh. I went to school in Chico and Oregon and.

uh why so many different places because. I started college in high school and at. that time I was living in Chico. California. and then I went up to Oregon after that. and waited till I got in-state tuition. um but then nursing school took a while. to get into and I ended up having to uh. go back to California for nursing school. and I was supposed to get granted. in-state tuition because you're supposed. to get in-state tuition no matter what. as a California graduate and then the.

school was supposed to pay me back like. eighteen thousand dollars and then did. not so well. student loans are going to start up very. soon you're gonna have to pay these. thirty thousand five hundred fifty six. dollars but gonna be about a four. hundred dollar minute monthly payment I. know that's what it was before it was. like 500 before I did the so-called uh. income based no you're on income yeah so. I mean I can't even get it like whatever. it was like five that's great something. no you're screwed with that because. you're you're you'll be paying a little.

but it's gonna be occurring interest. forever you're not going to have that. forgiven I haven't actually paid them. since before 2021 but that's what the. they sent me is like an option that the. stack of student loans is in here are. you on income based or are you on it's. on deferment right now I know but when. it starts are you on income based I. don't know because I mean I haven't paid. them in four years this is a scam. I mean they're still with uh Nelnet or. like the original company and it's like.

a federal company or something I know. but I don't know. um honestly like when we were in school. they just told us like hey like go to. school keep taking classes then you have. to pay back your student loans and like. I took classes like I could be a. preschool educator like I took enough. classes so like run my own preschool. like I had almost two years before I got. into a nursing program and then by that. time I had used up all my pilgrant money. and I took out some of these student. loans for nursing school and some of.

them were an ex-boyfriend that was. really abusive and. had me take out student loans in the. beginning that he used these cars I'm. sorry yeah race cars. um but I got out of there alive so. that's good that is important. but yeah no I know these uh these the. student loans were going to come back. eventually. um well you also have a car it's halfway. done but you took it out for six.

freaking years so we still got three. there's ten thousand hours left I'll. probably be done paying it off next year. though well I hope so we'll see what. your plan indicates there was a good. amount of money left over in that. check-in that's good what's in your. savings uh I look I had emptied out that. Albert account into the savings and then. it really is only sent to like a 25 a. month Auto well it was only set to 25 a. month Auto what's in your savings I. don't know like 7.25 or something like. 725 dollars. you have my phone so I can't exactly.

look uh your interest rate this is the. bad part though the interest rate on the. car is high five yeah so you know what. people do when girls go to car lots and. try to get cars sure yeah I mean yeah. they said like they didn't even show me. like the original car that I went there. for but they just told me like the bank. wouldn't loan me any money because the. bank can recoup its uh loss is easier on. a new car than a used car if I were to. not pay my car loans but I've never not. paid my car notes so.

it says you have even more in. collections that we don't see on yeah a. total of six thousand two hundred ninety. dollars a couple of different ones. depending on which one you're looking at. but some of them were paid off by. what. um well one of them that was on there. was something that State Farm was. supposed to pay off. um like an insurance thing and then I. had got sent to collections for it but. it was someone else's insurance that was. paying for it but they just paid for. that so. you need oh my God I know you just.

allowed your entire life you just like. decided not to think about things so. yeah I also have a CPT SD so I also. decided that I wasn't gonna have. emotions until this year too what's that. I'm sorry I don't know it's complex PTSD. so it's just a form of like having so. much trauma over time build up and then. um yeah. but I see now like the air in my ways.

and uh I've been getting help like I. knew like I needed help but I didn't. know that I had like P I thought I had. anxiety like February of last year and. then found out it's PTSD and then now it. is what it is. yeah but I've been dealing with like. everything slowly like you know. that is not a bill at least is any of. this in here that I don't know about yet. yeah what what do I not know about yet.

well I guess you have the student loans. there yeah so. then this one is actually credit so I. don't have to pay my power bill I don't. want to mess with your system. um this is all the hospital bills that's. coming up. yeah but I was gonna call my insurance. and talk to them and see why they're. denying it how much in hospital bills. total okay. um I think it was close to four or five. grand of the current ones the current.

ones yeah. I brought you a stack of my paid off. bills. [Laughter]. calebt that was my check off list to get. all my particular for you and then I was. going to see what all the balances were. um but yeah actually you might not need. most of that now that you opened up the. Credit Karma okay so this is mostly the. hospital bills yeah it's mostly the. hospital bills because those are like. just now coming like I keep trying to. send them for uh.

I don't know for them to hopefully. charge my insurance so they can help me. and hopefully at least meet my. deductible. but I mean I should meet my deductible. with what they sent me but it's not. counting at all so far and I don't know. why. okay and I work for my insurance company. so that's interesting right. crap so we need to come up with five. thousand hours. for the hospital bills. you have nothing in your savings.

well well it's 700 in your savings yeah. how much was in your checking I mean. like 5 000 Grand now. okay tell me your current balances. everywhere yeah okay uh it's a good plan. okay okay um my checking is seventy four. hundred and twenty two dollars. and then the savings is 7.95. okay so we're really thousand dollars. yeah and then I think I saw uh like 50. bucks on my Apple card and venmo just.

like my random. accounts. all right well from here it just comes. down to budgeting I needed you to budget. you didn't go crazy is the thing. um. the hospital trip but it just was about. what happened. um. uh. somebody got me sent to the hospital. for saying I was doing something that I. wasn't exactly doing uh but it's gonna.

cost a lot of money. any more details they said I was trying. to commit suicide oh wow so yeah I kind. of got like attacked by the cops and. drugged oh geez by the EMS who said this. this girl I've been trying to avoid for. like a year or so. um used to be a friend yeah she used to. be a friend but like you know sometimes. people. um. have to leave your life because they. remind you of other people that make.

things wild and then yeah 9A always an. option. yeah let's take advantage of that you. know for everyone out there. um and then therapy and everything. that's good but. yeah I have that and like we have a lot. of benefits like at work like there's a. line I can call 24 7 and luckily I have. like some help paying for some of my. therapy. um through my job so. okay well if you're ever in that place. please reach out for help you know you. said you weren't so I'm not gonna say.

anything um that's too much of a. commitment for me the whole death thing. non-metal. it's time to budget let's see man do you. want the. retirement account. that's when it's not 1300 13 000. yeah. that we already know we're dressing. behind on that at this point we're just. trying to. yeah get out of these debts and these. these collections are way too young to. just say okay we'll wait a few years.

well no some of them they on Credit. Karma doesn't show that I'm paying them. off but I am paying them. and then the two that are the hospital. bills that have a like a deal with them. to get them. payment plan uh or like I'm just gonna. pay them like a big chunk so I was. waiting to negotiated it down yeah to. half. so that's nice because yeah. it was like 10 grand just to fix my foot. all right so 8 000 hours I okay you're.

gonna have that conversation with the. insurance. you're gonna have that conversation with. insurance but then after that. conversation that's just assuming they. don't do anything just just pay it pay. it just pay it oh yeah yeah I was paying. and I was paying um we're gonna go from. eight thousand to five thousand we're. just paying the hospital bills sucks. but it is what it is. then you have three thousand dollars. left after insurance either you know. helps or not. you're talking about what the money I. have right now yeah.

then what happens if something happens. well you have three thousand dollars. we're gonna get you in a better place. but we're not allowing this to fall into. collections again well not this one but. what do you mean last time I was working. a job where I got paid a lot less so I. wasn't able to pay the hospital bills as. fast yeah I'm saying you're paying the. hospital bill what were you what was. your plan. you said I was just gonna pay like five. grand all at one time yeah were you. gonna payment plan it yep they usually. let you make payment plans because.

there's no interest on it at least and. then I could pay on the ones that were. more interest like my car well that's. great your budget we'll see how much. money you should have left over. your rent already takes five percent of. your income so we have that let's see. rent 1800 death it's actually uh like. 16. so that's like utilities and stuff. included yeah yeah it includes utilities. okay so um there you go car insurance. 164 or something. and I paid 350 on my car but I think.

it's like three yeah your Dad's because. the student loans are going to be there. yeah again I'm doing trying to get extra. jobs that I've been like saving up money. to start paying those back too yeah yeah. you're gonna have to and we're about to. talk about it but your minimum monthly. payments are dead 732. that's what it's. about to be like anytime. student loans are not going to be. forgiven. okay gas on a monthly basis uh I spent. like 40 or 50 bucks I don't really go in. a month a week or what a month I don't.

go I don't go to the office that much so. okay and health insurance has taken out. paycheck before therapy how much on a. monthly basis it's 500 a month but I am. not paying for it for the next two and a. half months why. um there's something called uh EAP. benefits that probably everyone should. look into at their jobs it's like. confidential aside from your job that. you can usually get help so like there's. like 10 free sessions for any very good.

thing that comes up I'm glad you took. advantage of that okay oh yeah I have. found every little thing at work there's. like an app on my phone that I mark off. like self-care activities and it gives. me a discount on my health insurance so. sometimes my health insurance doesn't. charge me at all and I get like extra. money in my HSA. so okay. I know I'm trying to think of other okay. so phone. 99 but they have uh been not giving me.

my discount for a long time for being a. nurse and I grew up in fixing that for. like the last year and this time they. swear that it's gonna reflect on my. balance or on my bill on the next one to. two months who are you with Verizon. yeah if they don't give me my money back. in the next two months I'm gonna like. really throw up a bit. um but yeah I was gonna switch but I was. hoping that they would give me the. credits because they've told me like a. few times that they're gonna give me the.

credit back for being a nurse like. that's literally the only benefit for. being a nurse is this one discount on my. cell phone and I haven't got it all. right so 99 for phone and then we have. gas therapy will start eventually again. yeah 500 a month for the next two and a. half months we're good yeah I'll have to. like I'll probably spread it out because. um well actually instead of the therapy. place if we could budget um I was going. to do a treatment for my PTSD with that. comes with some therapy and stuff too. that my uh it's. I think it's just a thousand dollars or.

nine fifty eight total. like a month no no for six months um but. you pay like 158 for six months and then. is that gonna start in two and a half. months no that's gonna start a lot. sooner because I need to so 150 yeah uh. 158 a month it's uh 9.48 total okay. which I might well I was I've been. funneling a lot of money into my HSA. account to pay for my health care.

expenses so to at least do it tax-free. yeah. okay so do you live alone groceries 300. a month yeah that's all you get toilet. paper money 100 a month that's all you. get I usually spend about 300 on both. those things together good then I'm. gonna minimize I'm gonna do 50 for. toilet paper 250 for groceries. it's like something on my tooth. okay any other ongoing. on guns that you can think of.

um nope. it's a rent that's killing you. I know but I like my house. my house it's a house no it's not it's a. like well it's my home but it's an. apartment um but I live on the lake so. whenever I do go outside it's nice to. like walk on the water when it doesn't. smell. I was also getting paid like double when. I moved in there but. sometimes I work a lot of exercise jobs.

and I make quite a bit more money but I. hope so because right now your minimum. budget in order to survive is 3 303. dollars. so of that you have an extra 700 bucks. what this is perfect so yes you are. going to cut the check for five thousand. total then you'll have three thousand. dollars left and then you put an extra. 300 to it you have a one month of. merchants fund that is perfect to get. started well you go and attack the. insanity that you have found yourself in. yeah what nothing.

okay. [Music]. um. you smiled I don't know I know I don't. smile that often um yeah no it's fine. I've been like keeping it I think I. wrote my budget was like 3 400 or. something like I knew that's what are. you follow that that's not what you were. following on what I was looking at you. were going out and doing crap it wasn't. a lot like other people on the show but. because I like had just went through my. worst fear ever of getting locked up.

against my will. um so you went to a lot of cafes though. yeah it's just that Cafe that's. downstairs from my apartment because I. use that to convince myself to leave. once a week. but. I do have another little parks and stuff. go on you looking for a husband you said. go on dates and stuff. and stuff no. um oh well I thought you said that was. the plan no I mean that's what I thought. when I was growing up because I grew up. in a small town where they kind of just. teach you like you know the Christian.

idea of families and okay women just. listening to men tell them what to do I. got you so I'm a nurse and not a doctor. Oh either way you pay off the hospital. bill 700 bucks left a month well I don't. know what these collections are going to. look like with the negotiations and. stuff but even just assuming they're all. half I mean you could kill that in like. about five months putting everything. extra towards it then of course. hopefully you have side hustles that you. said you do and put all that extra.

towards it as well and then from there. we're paying off the car you know you're. entering the second half we're like half. half your payments are going to interest. half are going to principal versus like. all interests and no principle towards. the beginning or all principal at the. end no interest. so with the interest rate and where it's. at they'll end with how many years left. we want to attack it and go crazy. so let's see. divide that by 700 so with only 700 it's. still going to take a year and.

a year and one and a half months to pay. off so now we're a year in about five. months in after Collections and. everything so year in five months and. then the student loans. it's kind of a classic situation where. if they're Federal first of all do the. traditional repay repayment make sure. you are do not do income do not do. income yeah if their income we're going. to approach it in a different way but. make sure they're traditional if they're. not put them on traditional the. traditional 10-year what you're going to.

do anything that is over four to five. percent you're gonna pay off quick as. quick as possible with your extra 700 a. month anything that is four percent or. less. maybe five percent or less we're doing. minimum monthly payments until they're. paid off because it makes more sense to. invest but only if you invest that extra. money that you would be putting towards. the paying off versus just spending it. on book If You're Gonna spend it on both. no pay off the student loans early yeah. does that make sense yeah. okay so at this point it's probably. going to be uh three two to three year.

process because then you want to save a. fully funded emergency fund and with. where your expenses are probably gonna. do about. we're gonna do about 15 000 bucks. yeah fifteen thousand bucks saved up so. you're gonna go from what the three. thousand dollar emergency fund is that. you'll have at the start of this process. take that up to about fifteen thousand. dollars then you'll be okay and then. what I need you to do from there because. we're going to be like 37 38 depending. on just how crazy you go is it's time.

that we put 30 percent of our. income yeah 30 to 13 right now that's. okay but we're also maxing on our Roth. IRA so everything combined we want to. get the 30 35 because you have fallen. behind drastically drastically on. retirement and we need to start playing. catch up now yeah but only when you're. out of the bad debts because again the. car at 11.85 the collection's hounding. you and stuff like this and you won't be. able to get mortgages and whatever you. want to do eventually because we're not. waiting for these to fall off your. credit because they're all so young the.

oldest one's only a couple years three. years and uh and then obviously the. hospital we need to take care of that. and then the student loans mathematical. difference between market performance. that's why we're looking like that five. percent or less minimum monthly payment. higher than that we pay it off. aggressively yeah does that all make. sense. yeah I can't remember what I put the. student loans on um. just look once it starts resuming get in. contact with them be like is this income. based or traditional yeah get a.

traditional um if the interest is higher. on my car though and there's no interest. on the hospital bills because the. hospital bills will take like I think. eighty dollars a month or something like. that until I can pay them in bigger. chunks like I I'm not sure how like. that's an interesting Works possibility. with the car the the one you looked at. the 500 down the five thousand dollar. one yeah the the contact them say I want. to pay I want to just pay I want to pay. it I want to pay it because you need to. pay it don't get on this stupid interest. plan doesn't make any sense no they. don't have no they don't have interest.

though okay well still the minimum. monthly payment doesn't make sense we're. just attacking these we're just. attacking these stop having your money. going to minimum payments at this point. because we're trying to get out of debt. so in this way you just pay it you have. enough for a month emergency fund I. don't get why it wouldn't be better to. pay I guess I don't understand the. interest with the car. because the interest on my car is like. much higher so but you were like. explaining like At first you're like. you're paying more on the interest than.

the principal and well though the way we. think about it in this situation. the hospital bill that's like already. due instead of trying to make it to a. minimum payment or just doing what. you've done in the past and I mean. because I can set it up on auto pay now. that I have an actual job because I. didn't have a job on the first one the. first one that went to collections was. when I broke my leg and I couldn't walk. for two months so I wasn't working. because I didn't. I guess I didn't know about the jobs. that I have now like it took somebody.

like encouraging me that I could leave. bedside nursing if if if if you want to. I'm just trying to make it as simple as. possible but if you want to sure you. could put it on the payment plan as long. as there's no interest and then you pay. off your collections as quick as you can. then you pay off your car as quick as. you can and then you pay off the. remainder of the hospital as quick as. you can. yeah and then the student loans anything. about five percent after that yeah. because I was just doing the things with. like the higher interest first because. there's yeah that's that's not I will. charge you interest on the hospital. bills that's the Avalanche method are.

you paying off high interest first with. yours with where your debts are in terms. of sitting at like a uh I had a couple. of like this a few hundred to a couple. thousand to five thousand to ten. thousand in the car they're so close. versus like let's just go smallest. biggest if you're sitting at like a. ginormous like huge big thing that was. just killing you uninterest and it's. like okay we just need to take care of. this right now yeah it just seemed like. the interest was so high on my car it is. but I did like take care of like a lot. of like the snowball ones like if I.

would have came in here last year you. would have lost your. um yeah yes it sounds like that would. have been painful uh but again the. collections well okay good I do work. quite a bit like on my own and I all. like the extra money that I get towards. like debt rather than and the micro. stuff I'm painting for art show so I get. paid for it I'm hoping to sell my art. for the first time I've been sharing it. for the first time but all my friends. are also I encourage that stuff once the. 12 percent interest rate yeah I'm using.

like only the. um supplies at my house now so I'm not. like gonna buy any more stuff. okay I needed something either way there. was a there was a little bit of BS. spending on a lot of BS spending just. now there'll be no more BS we're cutting. it back just go to Parks work as much as. you can on the side hustles as well. bring this in you can turn this from. three years to two years to a year and a. half depending what you do probably. about two years yeah.

37 though we're investing like Chris. that's the big part that I'm scared of. right now I'm not your debt doesn't. necessarily terrify me the way you've. thought about it in the past and the way. things have gone scares me but what I'm. most scared about right now is you not. being able to retire and having to work. a job nursing on your feet stuff like. that when you're older and you want to. retire you're just you don't have the. ability yeah right now that's why I'm. trying to like make something else on. the side with everything as much as you. can make to pay off the debts quicker. the better and then I think 35 of your.

income yeah has to go to retirement we. we got to play catch-up 30 to 35 percent. I'm also willing to sell a kidney but. just. [Music]. um but I mean that's that's where things. are looking uh for me that's my. diagnosis and prescription so. yeah what do you think. um. there is like one of my that Olo card. has a zero balance transfer fee thing. and I was thinking about using that to. like kind of front myself some of the.

money to pay off one of the bigger. um collection debts like to pay off half. of it and then I think it gives you like. six months of Interest though they're. not but I mean like just to get them off. of my credit because like I just paid. off a lot that weren't mine now the. thing is the they range from 500 to 2. 000 with what you have left. and with the extra money that you're. bringing in in uh in the side hustles. and being able to negotiate them to like.

50 of the price we can get rid of these. in just you know like four or five. months I think it just was like less. scary like borrowing my money at first I. get it but let's just let's just attack. it head first now instead of just trying. to finesse all this yeah it's gonna over. complicate it let's just let's just do. it yeah let's just. any final thoughts no I'm honestly just. a little worried with how things have. been in the past falling into. collections trying to get on a payment. plan instead of just taking care of it I.

mean I'm good with payment plans. especially at zero percent interest. while we attack things with other. interests higher interests but just. where things in the past I'm feeling a. bit nervous but for her Hammer Financial. score spending within a budget she. wasn't going crazy six out of ten it. wasn't perfect and you know she wasn't. strictly budgeting she shouldn't have. been spending money on fun while you. know needing to pay all this off but it. wasn't that bad six out of ten debt zero. out of ten I mean in collections it's. pretty much as bad as it can get. retirement two out of ten I'm glad we're.

at least starting and we're contributing. to get them out now but we are very far. behind for the age emergency fund is a. little bit there especially after we pay. off the hospital she does it in Lum Sun. three out of ten obviously is still a. good ways to go real estate haven't even. started that not even part of the. discussion zero out of ten aggregate. Hammer Financial score 2 a half out of. ten if you want a free five dollars sign. up for acorns using the link in the. description below you get a free five. dollars by using that link and I get a. free five dollars using that link so.

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