Clueless Failure Will Die In Poverty

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1:06You're saying pissed about someone's situation, not their actions. But since you've been on here and chose to do this, I'm upset at you because your future matters and you chose what you did that it clearly doesn't. My name is Candace. I'm 34 years old. I'm from Temple, Texas, and this is financial audit. So what do you do for a living? I am a product photographer. That's right. That's right. Yeah. okay so i mean i have i have your whole thing we watched your episode and we're coming back for a fall this is a follow-up this is you do not have to have seen the first episode this is like any other financial audit so here we go we're jumping into a so yeah product now you were making 48 000 hours a year last time or 4 000 hours a month what are you making now so i think now it's like just under 50k and i bring in well it was just under 50k well so you got like a thousand five hundred more yeah yeah okay and um so post taxes i bring home three thousand and then 200 of well 100 of each of my checks go into sofi savings just so i can have like it automatically goes in the savings so i don't even see it it just goes in there i don't think that was a part of our plan though no it wasn't a part of the plan but i wanted to then why are we deciding to do that especially when you've gone into more like debt well i wanted to have an emergency fund i needed something yeah you didn't have a one month saved up no okay well one month saved up obviously that is a part of it so it's been a year yeah give us the rundown because this doesn't look like things are fantastic by any means it's it's been a year for sure i've definitely done a lot more and accrued a lot more not not a lot more debt but more why well i i didn't mean to things just happened and i didn't have an emergency fund so i couldn't pull from that to you know on average the people who have sat on this desk and left pay off eight thousand five hundred dollars within seven months of bad debt why the f*** are you uh i'm working on it okay come on no no why not you i just working on it's been a year yeah well i you'll get you'll see you'll see what i've been up to so the hard part just for y 'all's information out there so my team does a deep dive on the follow-up guests uh usually you know we all do beforehand and then uh but i like to come to the follow-up blind because i want to know what's going on but right i was told that the debt situation is not great and i was prepared for that and now i'm okay okay okay oh oh yeah that's right okay so you're 16 it was a if you kept your current income and your income only went up barely it would take 16 years to pay it off so you had to double your hours to get a side gig to make any progress so for your solution if you took up some more hours and snowballed your debt so so what'd you do have you gotten another job yes yeah really how much what are we doing i'm doing instacart on the side like okay well yeah i mean no i know i know that it's just a little less predictable though so but that's okay that's okay what are you bringing in on average so average per month like i work weeknights and weekends and i bring every day yeah i mean if there's orders worth oh heck yeah with good tips well how is that in temple i'm sorry i interrupted no it's okay it's um it's more popular than i thought so uh on average it's anywhere between an extra 400 and 600 a week oh i wish it was a week but is that the proper side job then instead of working hourly somewhere well i mean evenings so i work my regular nine to five and then as soon as i get off i get online with the instacart and i just get orders like my average is you said extra two to three hundred or three hundred four hundred what was it per how long per month no extra four to six hundred a month for six hundred a month okay yeah i try to get at least how many hours do you think you're working um it varies like how many hours on average you're working four to six hundred hours a month how many hours on average you're working uh it's i really can't say come on i don't i don't know the hours i just know the no on average you're going it's a normal week what are you doing how many hours it's every day right it's every day it's not every okay eight to ten a week extra maybe hours maybe i don't know it's not a lot i just i get good tips so well if it's 10 hours and it's you're getting 400 bucks it's 10 bucks an hour yeah no i mean i usually okay but then depreciation on your car yeah gas right and you're setting money aside for taxes?

6:06Sort of.

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8:47How are we looking today? So how is your life? Just give us the last year of Candice. I feel better. i feel like i'm in a better place maybe not financially but i feel like i'm more aware of the bad decisions i've made um i definitely still track everything but everything and more aware then why sorry continue it's okay i uh i i'm not perfect and okay look i'm not perfect oh That's such a bold, that's such a cop-out. Well, that's what I got. I mean, I can't really, I did what I did and I can't change it. What if I walked over there and I punched you and I was like, sorry guys, I'm not perfect.

9:35But that doesn't excuse it. Is that a reason? No, please don't punch me. I would never punch you. I'm not a physical anger kind of person. That's just an example of just like, you can't just, you're not out because of that. What do you mean? What do you mean I'm not out? You're not just excused because of it. Oh, yeah. You can't use that as a cap out. So how are you tracking things? Every month? No, no, no. How are you tracking things? How are you more aware of your issue? But after 365 plus days. Okay. Let's jump into your financial situation. Yeah, look at it. Your Hammer financial score was 1 out of 10 last time.

10:13What do you think it is today? 2 out of 10. Really? So you've improved. You're telling me you're improved. Yeah. Some things have improved Some things have not You'll see If you want to get your hammer financial score You can get it for free in the description below Okay Texel is the credit union Let's compare it to the last one I have a checking and a savings there too The balance did go down Not as much as it should have in a year Not as much as it should have in a year But I'm glad to see there's no spending on this No I just paid$2.50 a month minimum being 119 okay yes are you putting a little extra to this one specifically like what's your process that you've been trying to do yes you brought it down from 8721 to 5916 we can celebrate that over the course of a year maybe not but a little bit it is better it is it is better so let me absolutely just when something's better it's better right now why is it not more why oh why haven't i paid more and why are you putting a little extra to this what's your strategy what's your debt payoff strategy that you're trying to do um i'm just that's just what i had calculated was a good amount and then i could afford to put towards it what's your calculation based off of what were you calculating good amount how what was the math just i wanted to pay more like why instead of extra debt we talked about snowballing last time this isn't snowballing what is this avalanching no because you'd be putting everything towards one day you're just putting a little extra to this i'm confused why did you leave here we had a concrete plan to get you out of debt and change your life forever and you're like no uh honestly it went a little fast last time yeah but the video is there yeah and you could have emailed yeah i know there's the discord i probably should have followed and you get the budgeting program for free yeah i we connect you with resources man you had us at your full disposal just like any other guest true and you get like the like what i legitimately think is like the best online budgeting program in the world have you taken it no not yet you get it for free and you haven't taken it and it's been it's existed for like four months i didn't know what do you mean i didn't know i could get it for free all right what do you mean we reached out and gave it to you you might have i don't check my emails a lot what are you in the private discord yes but i don't know how to use discord okay i'm look i'm 34 i don't i don't know how five years apart i what i don't know what how discord works 34 is not like you're 90 in a rocker but it's fine it's fine if you don't know how discord the excuse of being 34 was weird though that's an ancient number i don't do those type of apps and stuff that's okay you should consider joining it though just i'd watch a 30 second youtube video and i mean it's very easy have you ever used slack in your life no what is that i just thought you may have in the workplace no i'd rather just be hanging out in my rocker you okay this is we're just going there's just a lot okay no worries but you did put 250 dollars to this and that is more than the minimum monthly payment so i am happy about that all right i really am i'm confusing your process i don't want to look through but okay we're like 33 bucks a month is lost okay care credit that's that's a big one my dog had to have emergency surgery oh no yeah well happened he had a punctured salivary gland in his neck and it started to swell and it was like getting to the point where it could cut off his breathing oh my gosh so i had to bring him to round rock like a specialty vet to all the way in round rock from temple yeah because my his normal vet couldn't take care of it so we had to do emergency surgery wow so that's why that surgery you go how's the pup oh he's great now he's a good old floof what kind of dog husky why did i recommend getting pet insurance to you specifically i don't recall i recommend it to a lot of people with pets it saved me thousands of dollars and it would have saved you thousands of dollars oh yeah i know insurance in the future let's put it in your budget at the end okay pet insurance in the future i get it yeah no i get it well let me see then oh this doesn't make any sense this is the stupidest thing i've ever seen in my life today right now what's that your dog was sick yeah you took care of your dog yeah you put it on a credit card i put it on care credit yeah that's okay you didn't have the money and you're getting on a thing and you're not gonna let your dog die right then you go and pay it off as quick as possible instead of spending 600 in a single month on fast food you pay it off it's okay if you then grind to pay it off.

14:59$600 a month in fast food. Do we not remember the conversation we had last time? What's happening? What's happening? What's happening? I didn't really think it was that much. You said you track your s***. I do. I do. Then you don't look at it. You track it, but you don't look at it. Pretty much. Oh, come on. It's more of just like a spreadsheet. That's the stupidest thing I've ever heard in my life. Again. Yeah, well. Remember, I'm spreadsheets. That's what you called me last time. Huh? You called me spreadsheets last time because I like spreadsheets. Okay. look at them yeah it's probably build them and then look at them four thousand six hundred sixteen dollars when does the interest-free period of this end soon uh march 14th oh kill me and you put uh 250 towards this on a monthly basis yeah again that's that's a weird thing like you're making a little more than the minimum progress on all these that first of all doesn't even make any sense this is interesting the other one's gaining like 30 interest so why wouldn't that extra money go towards this like what was the logic where are you in this i don't know like oh come on explain it be like this is why i did it and this is and then it happened i wish i could tell you where i came up with numbers but they what am i supposed to do if you don't even know how or why like what can i like object to and teach you if you don't know why you did something you can teach me how much to put towards each thing i already did you can tell last time again how's it gonna change after a year it'll it'll how why what's different what's different sitting here right now than last year my headspace i guess like oh go on i if i'm told like hey you need to specifically put this to this and this to that i'll do it and how is that different from last time when you very clearly did not i don't i don't think i had specifics last time so maybe this time no no we talked about going through the snowball method we talked about needing to get the income to a certain point then we talked about going through the snowball method snowball method's very clear that's the one where you do it one at a time right okay okay okay maybe i just if you don't know it's oh well that's a nice little surprise i was getting all upset but this has made me happy any chance the pup is here no he's not here oh dang that would have been awesome.

17:15Sorry. It's okay. Next time. Next time. Next time you better f***ing. Better be paid off. Yeah, hopefully. Bank of America. This is basically, I mean, it was the smallest balance. What's the point of having a balance on... BJ's Wholesale Club makes holiday hosting so easy, we called in Thanksgiving's original host to talk about it. Pilgrim here. We could have used BJ's back in the day. Imagine stepping off a boat, then foraging for your first Thanksgiving. It's a whole new world now. BJ's brings Thanksgiving right to your door with free same-day delivery on your first order of$100 or more. We're talking turkey, squash, pies, all at prices so good they'll knock the buckle right off your hat.

17:55For terms, visit bjs.com slash Thanksgiving and get the same great savings online as in Club. No. No. See? All the progress you lost on the credit union or all the progress you made on the credit union is now lost. It's ruined. It's destroyed. So what the f... so i've been using my bank of america credit card as like my everyday spending on anything what the why because you're losing 68.17 in interest so how is this possibly your spending account that's aggressively dumb so it wasn't i didn't always have a crunch interest accruing last time it was 400 546 dollars 546 dollars you were at the point you were at the point where you could have paid this thing off and you would have had a credit card paid off that would have been so awesome when we could hug the note would have been great instead you come here and this this is it two thousand two hundred eighty six dollars and 97 cents that ruins me that ruins me 34 you're ancient 34 you threw away the last year of your life no no i so since i was here last i would use the card and pay it off every month i ran hold on i ran into the some issues in november because i had to pay for some extra stuff like i had to get new glasses and that's why i thought issues never pop up right i know so that's why i've been building my emergency fund that's why i'm like i'm gonna pay this off so there won't be any choice there won't be any more interest accruing but it i i feel bad because it's recent oh good death good death so it's only been two months good insanity what is happening starbucks el perito amazon amazon nami buffalo wild wings natural groceries is an expensive way to shop buffalo wild wings jack in the box bj's restaurant bj's restaurant jack in the box team fans shop taco bell starbucks green sausage this is insanity you're trying to pay this off why are you you didn't change your ways at all this is so sad no you didn't what do you mean look at the spending i'm only halfway through chock community weirdo's cafe saigon cafe jack in the box buffalo you go to eat out every second of your life.

20:30Take your, if I can never say that word, Whataburger, Wendy's, Team Fan Shop again, Suzy's, Grooming. Dog's gotta be groomed. Yeah, that, okay, I'm allowing that one. Starbucks, Amazon, Jack in the Box, Pizza, not allowing that one, Whataburger, Cotton Patch Cafe, Rosa's Cafe, Zaxby's, Jack in the Box. and i thought you wanted to change your life and do do better i do if you did your actions would show it i know you're right doesn't no honestly like i really whole year i went through last time and showed you just how bad your finances were so i could light a fire on your very uh your so i could get you to understand your income to debt situation your spending situation so that you could fix your life and i give you a path to fix your life then you come here one year later your spending is as ridiculous as ever your debt went down on one card and was replaced on another card and that debt that was replaced on that card is all bull eating out stupidity this is embarrassing it is it really is like you don't realize if it's embarrassing one of them why the you don't realize how much you you spend when you when you're out because i'm out doing deliveries and stuff so i go out last time last time we made a budget make a budget every single freaking time you just follow the budget it doesn't you don't need to know how much you go out to eat because in the budget there was no going out to eat and you go want to eat twice a day now still so what's the no no how many days do you think are in a month how many things did i just call out okay once a day at a minimum yes all right if that's what it says then that's what it says but i don't i don't think you are not there's no tracking there's no self-awareness i'm sorry i'm gonna be a little rude because this is this is so sad you just threw away a year like you know how much progress you could have made you'd have been um if you did what we followed you'd have been one fourth wait one fourth of the way through this and instead we're in basically a worse position worst position we are in a worse position the thing that was out of your control but you could have started paying it off but instead jack in the box it's not funny it's not even that good it's not good and it's not funny no this is your life here dude this isn't a content thing oh i know this is your life that you're doing that you're actually throwing away and you're a guest that came on my show you i root for you more than like anyone else in the world because you came on this show we connect you with resources we build out for you so we can get you connected and cheer each other on and go through education for free and all this and you can you have access to us at any and every time and every time we launch a product we'll have you guys through it go through it for free we are in your corner and you took this last year and you said no i'm gonna go to jack in the box and i'm gonna come back on and nothing's done i i'm legitimately pissed you're saying i'm pissed about someone's situation not their actions but since you've been on here and chose to do this i am upset at you i am upset at you i'm upset at you because your future matters and you chose through your what you did that it clearly doesn't according to you sorry you're pissed at me How we...

24:11It doesn't... Be pissed at yourself! Be sorry for yourself! This isn't about me! This isn't even close to about me! Sure the channel name is my name, but this isn't about this or this! This is about f***ing you! Hey, okay. Sorry, I am mad. I am mad. I'm sorry. I know my emotions are showing like crazy right now, but... This is... I'm f***ing... This is very upsetting. best buy we are at 1 ,905 we're at 1 ,064 so a little off paid off about half no purchases thank again a little more than the minimum monthly payment i don't know what the strategy is here you're making very small progress and then building up two other cards well that one is zero interest if it's paid off within the promotional period when does the promotional period end um for that one i believe it's september so i broke it down to where it's 120 november november okay it's 120 to be paid off by that time with okay that one i vibe with that that one i know quicksilver's new no it's i've had it you didn't have a balance on it yeah but that's gonna be paid off soon because everything's gonna be paid off well it wasn't if it's gonna be paid off then it should be paid off it was it wasn't for me what my mom needed some help and i but you put it on debt so you weren't the person to be able to help there well yeah but there was no interest and she's already paid me back i just it just hasn't hit then it would it just hasn't hit the uh it hasn't hit the statement that's that's the statement it came out before i when does it hit what do you mean when does it hit when does what hit her payment oh it should be done now so you've paid off this card yeah but i needed to show you because it was there yes absolutely absolutely thank goodness that's risky i'd help my mom too any and every day yeah but it is risky what you did especially with the debt situation yeah i just i told her i was like hey you have until this date and you have to pay it off before then before any interest accrues and she did this is a medical debt i had it last time but i didn't think to bring it last time so that's probably why you didn't see it yep well i only see things that i see true that was on me so it's 50 bucks a month yes what was this for and when um honestly i couldn't tell you i've been on it for a while you don't know what it was for yeah i don't know it's probably a long time ago i have no idea what it's for probably like x-rays okay round point mortgage went down by a thousand bucks but that's you know mortgage you're early into it yeah and we're still at man so cheap so cheap 938 a month it actually went down it's awesome just 909 wow student loans what is what has the progress been on student loans nothing it is in academic forbearance because i like i applied for the borrows borrower's defense and it's still pending but there's no it i don't know it's it says our defense yeah where'd you go to school art institute there's a lot of like stuff and you're claiming yeah that the school didn't fraudulent didn't deliver yeah a lot of people are yeah a lot of people i went to school with huh what school artist two to boston it's no longer around wonder why but when was the last time you had to make a mid-monthly payment saves you on a monthly basis truly i i haven't made a payment in like five years but this borrower's uh the academic forbearance is until 2026 or when it's not pending anymore okay so that's why i've kind of left it alone oh some of these interest rates are bad thank goodness yeah some of these interest rates are bad that loves you you love that credit score 740 so that's it right is there any more uh i believe that's it do you still owe your family anything yes i believe that's it well i mean what do you owe your family um i don't know i know i i i'm on payment 22 of 36 and each payment's 375 dollars you ever missed one no do some basic math real quick do some math where's your calculator figure out where you're at so i don't know what you started with i started with 13.5 was the original price 5 ,250 is my remaining balance during a 75 a month until like mid next year like i think may of next year and then it's done no interest so i went down from 9 ,000 to that so you're at least paying good yes student loans is the same mortgage is basically the same credit union went down a little best buy went down a little bank of america went dramatically up care credit pet card went beyond dramatically up $134 in a checking account that's scary as f*** the mortgage uh that was right before my check hit that doesn't matter that's terrifying that should not be a balance well i still have an adult checking account that is what it is i know and i'm telling you it's bad yeah i know i mean that's me paying off that's me paying off everything and then yeah paying off that you decided to go out to eat 600 remind reminder and we haven't even gone through the other stuff yeah so don't just blame that on bills stuff you're spending and doing how are the in-game purchases and in-app purchases these days very seldom good like one a month maybe why because i mean that's my pastime like i don't what are you playing uh township it's like a little farm i mean i don't go out drinking or clubbing or anything i just yeah those are the two options drinking clubbing and buying in-app purchases you know that's that's just what i do i play my games i got it but okay little caesars apple bill tiff streets shoot proof kfc arby's continues this is ridiculous cash app atm 140 dollars who knows where the that went other apple bill a couple in-app purchases door dash door dash uh sorry i always get that a dunkin donut basket robbins okay i always read dd is door dash okay sonic drive through especially since i've never been through these documents because you're a follow-up like callisters that might be gas no that's a sandwich shop the uh the atm withdraw is for my my family payment oh okay yeah because i pay them in cash who who who do you go who you sound like an owl i'm sorry i owe my aunt she's the one that loaned me the money and that's who i'm paying back and she wants to be paid back in cash so i withdraw portos delivery portos yes uh because you zeld someone money for a portos delivery oh yeah because that's only in california i was like what okay yeah my friend was in california and i wanted to bring you back something stupid good 915 dollars in savings i it's probably a little more than that now what give me the balance it's either 100 or 200 more since is it 100 to 200 more that makes a lot when it's about a well it's 100 every check is it a thousand 115 or a thousand 15 to be on the safe side 1015 oh my gosh okay.

32:32Potatoes! Your friendly neighborhood finance daddy has some exciting limited time St. Paddy's Day crack for ya but only if you're not acting the maggot. Okay so my Irish accent isn't great so I'll stop that for the rest of this spot now. We always talk about how important retirement savings are here but remember it's not luck it's basic math and if you want to get there you need to make sure your black stuff also known as Guinness fits in your 50-30-20 but if none of these are for you that's okay you can still kiss me i have an emergency fund now fuck off okay i mean it makes a big difference in your situation when we're when we're about to go through what we're about to go through yeah sofi killer for it killer good job got that from you well done well done yeah no no sofi is great i use them for my high yield savings and then that's what this is once you start getting investing yeah you start throwing some money in muumuu which also has high yield in that before you pick what you're investing in so that's really cool that's really cool my girl using the resources from the store or from the store from the show i did one good thing i mean no no no you put some towards your debt it was just repurposed then again towards another card and you're spending so ridiculous like this isn't a positive audit or this isn't a positive follow up this isn't like uh you've gone necessarily worse this is like we've stayed the same and it's really disappointing yeah it's like i i realized that when i was like reviewing everything and the numbers they moved but they stayed the same okay so 13 ,000 and uh 401k it looks like yeah is it separate no this is different this is the same it's the same it was just updated recently what's it in?

34:19I have no idea 3 %? sure I don't know anything about investing retirement yeah it looks like you're in probably some target retirement front of some kind probably sure glad it's not just sitting in like nevermind I'm not going to give investing advice that would be terrible okay what the f*** can we do wait why are my producers telling me that you want a new car cause I need a new car I needed a new car last time but I don't even have the same car anymore because it basically died on me so I'm in a what's your current car 2007 Chevy Tahoe miles 164 condition um there's a few issues but it's nothing that i can't gosh it's a bit gosh could you imagine if you just followed what i said last time we could like we could like maybe do something maybe do something and get you in a car gosh you just made it harder for yourself this is what happens for everyone out there this is what happens when you just kick the can down the road because just going out and to eat and getting the in-app gems and whatever and just the life we're used to even if you cut back a little and you just sustain a lot of the life you're used to you're just kicking down the can you're kicking the can down the road eventually just comes that you just you get to the moment and what are you gonna do you're gonna have no choice just like with your dog situation you have no choice what to go into debt and when this car breaks down you'll have no choice but to go into debt what are we gonna do we're gonna borrow family money like you know like yes your credit score is good but your debt to income ratio is not great so like what's a good debt to income ratio i thought it was like 30 percent you think yours is 32 percent i thought it was about 33 i think well let's figure that out let's figure that out for you last time i looked debt payments total 20.8 or 945 dollars true that makes me happy should be much higher that does make me happy that is progress you know clap of the hands and you can get it housing totals 27 or a thousand two hundred twenty seven dollars your phone is 70 or 1.5 percent what are you using um it's a family plan with uh at &t okay i just started doing helium check that out you can do like 30 bucks a month and if that because it's like what money on you know well that's a phone and watch.

37:04Damn it. Transportation total 1.8 % and$81 because it's just gas, but that's going to... Wait, what about car insurance? Hablas Espanol. Spreys to Deutsch. If you used Babbel, you would. Babbel's conversation-based techniques teaches you useful words and phrases to get you speaking quickly about the things you actually talk about in the real world. With lessons handcrafted by over 200 language experts and voiced by real native speakers babble is like having a private tutor in your pocket start speaking with babble today get up to 55 off your babble subscription right now at babble.com slash spotify spelled b-a-b-b-e-l dot com slash spotify rules and restrictions may apply like we had that reported no my family pays for that you're 34 i know it it was just part of the car like when they gave me the car when i graduated from college they're like we'll pay for grocery store necessary food 6.3 percent or 287 dollars and 79 cents going out to eat again 12.8 percent or 581 dollars 96 cents disgusting terrible nasty you could have added an additional 33 to your debt payments just with your going out to eat an additional 33 you would have sped it up by 33 you know how crazy that is unknown shopping that's usually walmart that's amazon it's very hard to determine what it is and target 306 dollars 40 cents or 6.7 percent medical health care 50 dollars 44 cents 1.1 percent savings contribution 332 and 71 cents with 7.3 percent um i am happy to see that as well that is an improvement i'm trying miscellaneous typical what we call taquitos as you know yeah just definitely don't need it's a little it's minimal but it's an additional 1.6 percent that could have gone towards that for 72 dollars 84 cents and other large purchases were 12 12.9 or 587 dollars and 43 cents which were the atm withdraw atm withdraws of 400 the pet grooming pet grooming it's hard especially with the husky i know the fern oh he's yeah he's he started to blow his coat so we and then you've been wrote out 90 as well so those it's kind of hard to account for some of that these percentages are still quite out of whack it's the food it's it's that's the big thing it's convenient because i'm always out doing orders and i'm just like i get home late so i'm just like let me just pick something up but what if i gifted you like a tech certification from course careers and you just spent a couple months since this is a multi-year debt payoff situation yeah like what if i got you a tech certification or something that is like an after hours something you can hop online and do like phone calls for or something yeah you know yeah like some tech sales or something what if i did that i would be interested because i just went with instacart because it was something i can do and i could do it when i well i know in austin you could be making much more money than you're making right now not from just instacart not just from instacart yeah but right now you're ten dollars an hour oh yes oh for instacart for instacart and then that's before depreciation on the car that's barely surviving before gas for well car insurance usually that you're not paying for anyway yeah and uh thanks folks and then you got to set money aside for taxes which isn't going to be that much but yeah i just got my taxes back i did them this year already okay you claimed all the income you got from instacart yeah okay i brought everything you got a refund yeah okay i didn't touch it because i didn't know what you wanted me to do with it so i just refunds coming it's here it's how much uh 11 56 okay i just got it but it's in my account i was like let me leave this alone and let caleb figure out what i should do with it i will help you figure out what to do with it thank you help me spend my money correctly all right we need to like actually if i make you a budget this time will you actually follow it yes i just need specifics not like i need like you need to put this towards this if you went through a budgeting program you'd be able to do it but i'll do this for you well we'll baby a bit okay okay which everyone needs a little baby in here and there i need a little baby all right well let's not get people to click on yeah all right sorry three thousand dollars a month plus an additional say 500 because it's anywhere from four to six okay 500 debt payments total let's get it let's figure it out that's not including mortgage 119 gosh your mortgage is incredible people would kill for that i know that's why i did all the hoop jumping that i had to do to get it you're lucky you're not paying on your student loans yeah if if you if that uh school is actually a scam then yes you deserve to get them forgiven because that's like unacceptable and gross and disgusting of that school to sell people on getting a failed product right 909 for insurance uh 909 for mortgage insurance property taxes what's your water bill gas bill electric uh electricity bill utilities i rounded for 60 a month electric it was high this last month but i put 250 just to make sure in case it's not even hot ow it's cold you have electric heating yeah oh that's expensive yeah i'll do 200 okay yeah electric okay and uh internet um 55 and we're spending on gas i've lost it i budgeted about 100 to 125 okay well you did 81 but maybe it was a lower month so let's do 110 okay your phone 70 yes car insurance you don't pay for no good for you groceries 300 same as before toilet paper fund anything else you need to survive in life it's a hundred dollars uh okay your ongoing medical and health care what is that um the i had the pharmacy 50.44 that's just for the pharmacy yeah i have like regular medicines i get every month good good good what did i budget i budgeted 100 just in case there's co-pays and stuff like if i have to go to the doctor it's like 30 40 you have a lot of medical conditions going on you don't have to give us the deeds but um not really i mean i have like the normal stuff like checkups and stuff i just go do that every couple do you want to do okay i might get somewhere with this you do not have to tell us there is not a single a lot of pressure okay well your medications what are they for um asthma i've had that since i was a kid uh high blood pressure okay that one uh going out to eat less will very much help with that one yeah i'm just throwing that out there it's been better let's let's budgetly help our finances absolutely but let's uh physically yeah help ourselves no i mean and i'm saying that as like chunky boy so over the last year i've lost about 45 pounds um that's awesome yeah so you're not less is gonna help and then yeah if you do the uh grocery budget and stuff that we have in the class you're actually gonna lose weight with it it's it's a healthy uh the amount of calories you're supposed to have on a daily basis right plus a little extra too for dessert and stuff but if you you know maybe we don't do that either way um all i'm saying is that there's double benefits that that's that's the point that i was trying to get across there's double benefits to not eating out yeah um in your situation which is great and then that saves you more money down the road regardless because you know clinically uh people are size you know i can speak of this as someone who is you know technically obese um it's expensive later in life yeah that's why i'm trying to make like change stuff now to where i can get off of stuff Good.

45:07Good, good, good. And imagine the energy and amount of money you could go make. True. Yeah. Oh, like doing the Instacart shopping, that definitely has helped. Because I'm out. Oh, yeah, you're going. I'm not just sitting on the couch and stuff. I'm out shopping and bending and lifting and walking upstairs. When I was delivering Jimmy Johnson College, I was hot as f***. And now I just sit here. Okay, cool. So is that it? am i missing anything from your budget uh i have like monthly subscriptions nope well what are they what are they they're for photography and then i have spotify what do you mean no much do you make from photography it depends it depends on if i have a extra gig what is it um an adobe subscription uh yeah i have adobe and shoot proof what's that second one shoot proof it's a way to like Does she have that?

45:59Does she need that? Shoe proof? What does it do? It's a way for me to deliver files to the clients. Oh, come on. How much is it a month? $10. You're probably better off doing a Google Drive subscription or a Dropbox. Yeah. I used to do Dropbox, but I like this. What about Google Drive? They can pay through it. I'm sorry. How much is your least expensive shoe? Least expensive shoe. How much does that cost? Your clients. Like 200 bucks, maybe? that's that's not worth your time that's 120th that's that's way too expensive for a shoot way too expensive for a shoot professional photographer right there it's a 120th is immediately taken just for transferring professional photographer too no i know but like he has like a whole career going on you don't i'm sorry that's not insulting well it's insulting sure but you don't i work for a company no no no photography career yeah i do that on the side oh you do do oh my gosh oh my gosh okay well i was just i listen listen it's friday it's late i'm tired and i feel like you're right you do photography for a living at the top i meant i meant what the extra stuff that you're doing on the side yeah like portraits and real estate okay whatever how much for your subscriptions i don't even care i'm not gonna push 35 anything else pets how much 135 yeah you have to just like last time you have to make that extra money because you just break even yeah it's essentially 3 000 a month to survive i mean it's 2 976 but i mean it's probably not 100 this is like your loose budget you go through the program and you get your solidified budget yeah an extra 24 and you're at your cap so i'd be looking into different post work options okay like i would not love to see you do it but for the sake of getting out of debt i would love to see you go work an extra 15 20 hours a week okay somewhere i have to work that sucks it sucks but look where you are now and look how no progress basically you made in the end because of a couple things that popped up which happens in life but also then you went and spent on fast food and a bunch of shit but either way on the big of america card right yeah yeah so if you do that man you can you can start paying off five hundred dollars what you should set aside sign for taxes let's just say even a hundred okay so four hundred dollars four hundred dollars how much should sorry no go ahead how much do you think i should make like what what should my goal per week be extra income so i know i don't know temple as much but i would love to see you bring in an extra 750 bucks a month 15 hours a week at like 12 bucks an hour okay an extra thing that's incredible i mean then all of a sudden with that you have essentially a guaranteed thousand dollars a month in your pocket at the end of the on top of what i already have oh you're right i gotta take away that 500 so it's actually 250 okay so just get a little bit more yeah when when like so if i set my goal at like 200 a week for instacart that's just what i'll do if you can but remember depreciation on the car that's already in a bad situation gas yeah now you can sure you can write some of that off but right in order to duck but either way i just like that because it's flexible like i can work i get that but i also like you getting out of debt so i don't really give well i'm sorry as long as there's money coming in yeah but again the depreciation what happens when that car breaks then you don't have that extra job i mean that's what happened with my last car and then your family gave you a car from the sounds of it yeah okay what happens this time i have to buy another car yeah so we go into debt so our situation just gets worse I'd rather you just as much as I hate it make nugs throwing those bad boys out the window you know oh like yeah I know I say things weird I says no it's okay I've always I was like you want me to deliver nugs okay y 'all this is the time to switch to my favorite high yield savings account with so far you can get 4.6 on your money I hate when my money is just losing value so make sure you're keeping up with inflation at the very least you can also get FDIC insurance on that money up to$2 million with them.

50:11Plus, they'll give you money up to$300 when you set up an account with them. There's even extra perks like being able to get paid a couple days early. So far is what I use when I'm setting money aside and it is the banking app of the future. Sign up, link in the description below. I always want my money to be making more money, so don't lose money on yours. Okay, so let's say of the 500, you have only 400 coming in and including your student loans or mortgage yeah you're like twenty thousand dollars of death insanity debt which after the four hundred dollars you can put towards our monthly basis takes 48 months or four years which is just about where we were last time so you're doing the thing where we said where you would be last time but that's if you follow the budget you're not following the budget so that's why you've stayed the same if you actually follow the budget go through the program you can be out in four years and do you know how quick a year goes by i'll tell you i just saw you a year ago you'd be a fourth of the way through this a fourth of the way through this that's incredible but now you have to start all over again that's what kicking the can down the road does so now you're going to be 38 and you're dramatically behind in retirement for your age you will be dramatically behind in retirement for your age so what you need to do listen uh the next two months the extra money that you get in including the tax refund you're so you're taking the tax refund right now put in your high yield then the next two months the extra money that you get put in your high yield then you have three thousand dollars saved up on the side that go make more money and make it just one more month but either way what you're trying to do is get three thousand dollars in there that's a one month emergency fund in case anything happens okay it's not gonna cover the car but it's gonna if you lose a job for any reason you know you you're good for a month it gives you wiggle room to go get just go out and figure right so um the care credit the uh promotional time ends the 14th of march and it's like the one that's due in march is like 3 000 so should i just let the interest hit it i didn't want to is there back interest i'm assuming if there is i would try to attack that as quick as possible so that's what i was thinking of using my uh tax return to like throw at listen you can it just you're puts you in a riskier position typically i start this as get the one month emergency fund because it helps offset your risk you can but it puts your risk level a little higher because it keeps you at basically a thousand bucks in an emergency fund which believe it or not dave ramsey is not even close to enough money and many people have come on the show and they did the one thousand dollar emergency fund and then they ended up in a worse situation than they were before because it's not enough money to cover anything in this world it's not so and they say well it's not supposed to then what's the point i mean i know what they say the point is but even still if it puts you in a worse position then don't do it one month emergency fund or the money guy rule cover your highest deductible so you can it just maximum it just brings your risk level up it brings your risk level to where it is right now yeah and if you're comfortable right now but shouldn't be but i'm not but that's where it is and then the next four months or two months go make more money yeah get to that three thousand from there and then start paying off the debt uh and i would you know kill the care credit as quick as possible yeah i really you can avalanche a snowball i think you're going to be more of a snowball person stop putting little bits of extra towards the debts that's that's not a method that works for anyone uh because you're just going to see like the feeling of no progress yeah close your credit cards you're not a credit card person stop spending your daily spending on that other credit card it's stupid budget follow the budget follow the program join the discord learn how to use technology it's a very simple thing it's like it's just a text app it's so easy please okay just just because if there's a good community there of past guests cheering each other on asking questions okay like just please it's there for a reason yeah and you need help you're not in this alone and ask us questions this time yeah i will i didn't know that i i don't feel comfortable asking for help a lot so well please we're here i mean our process is different now we have producers and stuff that you know they're uh they help better explain what the post-show process is where me when it was just me you know there's a trillion things to juggle and i probably missed some communication along the way but take advantage dude this is a life-changing opportunity with where you are the amount of debt you have on average seven months eight thousand five hundred for people without the high incoming outliers the income out outliers and without the like selling something and paying off the debt we took on those outliers the average person who comes on this show seven months eight thousand five hundred that's basically half that's basically half if you follow the average you finish this in a year and a half year and three you finish it in two years instead of four that'd be good hopefully i can get a new car if i do that and hustle about your new car drive this thing until you can't anymore well yeah i'm gonna drive it till the wheels fall off but i mean i harmed myself at some point in this episode look i'm harmed i'm harmed i'm harmed from you not making any progress more than this okay you have any questions any final thoughts no that was really Just a care credit deadline coming up and when you think I'd be able to get a different vehicle.

55:45Afford a different vehicle. Well, when can you actually afford it? In this current progress, probably five years. And that's not acceptable. So you have to go make as much money as possible. I'd get a job where you don't have to drive. You can pay off the Z as quick as possible. And then you can follow the money guy rule, which we can get you set up with. or even save up enough money to buy a$5 ,000 car in cash, catch up on your retirement, and then get like a$10 ,000,$15 ,000 car after that. Okay. That's it? Thank you. Yeah, that's it. That's all you have to do. Yeah, I know. It's all that. No, I meant like.

56:19No, I know. That's it with this stuff. For spending a budget, I'm going to give you a 3 out of 10 because you did make progress, but it's still ridiculously disgusting. Debt, 2 out of 10 because you have some family debt, which is never great. Merch is fun. You're a tenth of the way there, so 1 out of 10 retirement very behind for your age 210 at least you have something 3 out of 10 real estate glad you have a house good mortgage rate is meh 7 out of 10 hammer financial score 3 out of 10 make sure to check out all the resources link in the description below they are what i use or would use in specific situations including the best budgeting program in the history of the internet thanks to all of our patreon producers for making this episode possible.

57:01If you want to participate in an episode of financial audit and you're able to make it to Austin, Texas, please fill out an application in the survey linked in the description below. You can also send a link to your friends or family who you think might be good to be on the show. If you have any questions, you can email casting at calebhammer.com.