Clueless Wife Suffers Financial Infidelity

46:36Amazon. Shopping is hard, right? But I found a better way. Stitch Fix online personal styling makes it easy. I just give my stylist my size, style, and budget preferences. I order boxes when I want and how I want. No subscription required. And he sends just for me pieces, plus outfit recommendations and styling tips. I keep what works and send back the rest. It's so easy. Make style easy. Get started today at stitchfix.com slash Spotify. That's stitchfix.com slash Spotify Amazon And there's a hotel, we don't have to worry about that Mount Playmore, Mount Playmore Just go throw your kids Just go throw your kids, they don't need to bounce on something Just throw them at each other Throw your kids at each other Go to the trampoline store and be like I'm going to buy a trampoline, let them bounce on the trampoline I promised our daughter We would go to Mount Playmore The next promise I want you to make your daughter is Hey, you're not going to have to take care of me when I'm old because daddy's going to sacrifice and actually get his done for the first time in his life.

47:35And then Denny's. Very important things. Very important things on an interest accruing credit card. Taquito's here. She specifically chose not to watch the channel. Yes. You wanted to come on. You pushed to come on as a couple and you didn't want to see anything because you wanted to be surprised. Yeah. Which is, I mean, that's awesome, by the way. That's like brave as it gets. But Taquito's here is typically stopping at a gas station, getting some bulls because we don't know what it is. And there was this guest who refused to give up literally getting taquitos for dinner every day. It's a Dr.

48:07Pepper. I understand. Dr. Pepper, his taquitos. Taquitos, interesting. Because apparently we can't buy those in bulk at Costco. I do. I do that as well. Oh, good. An over in abundance is what I'm hearing actually from this side of the desk. We have an over abundance of taquitos at home. You guys are just getting your wants. You're just flowing and swimming in your wants when the needs are just barely being taken care of. Again, minimum monthly payment was done on this card. Luckily, no purchases, but$52.52 of interest accruing on the city preferred card with a balance of$2 ,434. So now we're at almost$13 ,000 of credit card debt.

48:48Only minimum monthly payment being paid on this. But again, Mount Playmore, much more important than a show card. Yeah. balance$632 it's weird how that sounds good after your multiple thousands of dollars on other cards and$16.38 of interest only making the minimum payment of$29 listen you went into debt for a situation that absolutely sucks I am very sympathetic that you went through that it's something you couldn't control you know there's a lot of opinions that are on whether or not it was correct or not it doesn't matter it happened to you and that sucks and i have sympathy for that it's been years you are making money i know this job's newer but you've made money since then you've made money since then and even if we didn't make money since then the bull purchases we're choosing the purchases over making minimum monthly payments on these other cards then we have this this what is that what credit card refinance what do we do here this one was the jeep my car my car has the jeep you have a jeep what is it so 1998 jeep cherokee that's old jeep cherokee ask him about his cars well okay yeah tell me something about your well someone tell me something because i don't know what to ask okay um i got that car um because i heard that they're very reliable does they have like a 4.0 90s yeah they have this 4.0 engine in it how many miles 117 000 that's not crazy for a anyway um so it sucks it's getting up there it's getting up there but um i mean i bought the i okay i bought the car because i i would i had a chevy s10 that just was having a lot of problems i bought that car and then gave my mechanic the truck so that he could replace the clutch because that was supposed to be the only thing wrong with the car was that it needed a new clutch um what turned out to be wrong with the car but then i a couple months later i was driving the car and the engine blew up so i got a new engine put in my grandparents helped me they got a new engine yeah and then um you know i think at this point i'm like overwhelmed by it because it's even 1983 mercedes as well sitting in our driveway Why do you have two?

51:18Oh, we had three at one point. No. What is happening? Why? You have debt. You have debt. I was trying to make the most economical decision with the cars. Well, you have two cars. Right. You have two cars. Yeah. Needs a vacuum that costs$250 to replace so that it's all right. Yeah. So$250 is what we've been holding out on on that car. So we have two last century mobiles Yes I think we should just get a truck No we're not getting a new car Both of you are wrong Stop oh my gosh So which one's your daily driver My van I go between both Sell one Listen right now the jeep is at the mechanics Because A little pin fell out In the ignition so he's putting in a push button start He's not charging me for labor or anything for that.

52:16He's doing it for free. He is very sweet. But because I just spent thousands of dollars fixing her van. So he's like, I'm not charging. Yeah.

52:28When you get it back, sell the other car. We don't have emergency cars. We have emergency funds. Okay. I posted the Mercedes on Facebook marketplace. Good. And then I took it off. Jeep is in the shop and I can't sell until I get the Jeep back. so when will you get the jeep back he's on it's next week should be next week buddy your car insurance you can have the option where you're able to get like a free rental not a free rental i mean you're paying a little more on car insurance for it but it covers it in case of a car emergency i don't think it covers it for it being in the shop though does it my whole thing though has been car insurance every single month and registration every single year comes up cars For both cars.

53:09We had a third at one point for many years and I feel like we have a cycle of cars constantly coming in that's not even on this debt which then occurs more debt because then we have to fix the car. And you're right it would be more for like a car accident but I don't know. Yeah I mean if it's How much can you sell this other bull for? The Mercedes? Probably 3 ,000. Okay. do it when you get the g-pack the day you get the g-pack post it should i fit i mean should i fix the vacuum first i get more for it if i fix the vacuum it would cost 250 dollars to fix the vacuum how much can you sell it for after that okay without the vacuum probably 25 with the vacuum probably 35 right it might be about a thousand dollar difference i would imagine if you are able to guarantee because i don't know and that's very hard for me to check it's harder to sell these cars in texas in california the mercedes is much more popular where I bought it, but in Texas because it's an older car.

54:11You can put it worldwide and then if someone really wants it, they'll pay for shipping. You might have to take a bit off the price because of that. Okay. I didn't think about that. It's possible. It's going to be a pain. Look into that. On the GPO,$4 ,196 with a monthly payment of$204. What's the interest on this thing? It's a lot, dude. I think it's on there. Check the other page. I had to send two different screenshots. I'm happy it's at 36 months. It's a rarity to see on the show. Yeah, I want to do it as fast as possible because the interest is insane. It's like 20-something. No. Yeah, because it – what does it say?

54:48Is that it? It doesn't have a rate. But with the interest that's accruing on it, I would not be surprised. Yeah, it's not good. No. Yeah, so it's in the 20s. It's somewhere in the 20s. It's like maybe 24. I was guessing. What? You knew about this. I love that you think I know about all this stuff, and yet you literally confess to not talking to me about my finances, not sitting down and talking with me and showing me any of these, not communicating very well, feeling overwhelmed. But I love that every single time I ask you about it, you go, you knew. Because every single time, you knew. You knew that.

55:28You knew. No, I did not know. I told you. I mean, I've told you I pay$204 for the Jeep every month. I told you I had to take out a loan. I, you, I, you. It should be f***ing weak, guys. I know. This is a disaster. Yeah. The biggest thing that is preventing us from f***ing tackling this in the first place is the division in finances. Do you support joined accounts? With discipline. Okay. With discipline, with holding each other accountable, yes. Okay. If it just causes more division and fights, maybe not. You have to come into it with an open mind. take advantage of whatever insurance you have and potentially see a couple therapists once a month based on the financial issue alone.

56:12Yeah. Just on the financial issue. Because 24 % cart. That's insane.

56:21School first The loan with that that's for the van that's the van but it's under your name it is under my name because you forgot your id one day i did we went and i didn't have my id go home and get it so i mean it wasn't even so no the so when we bought the van we went to carmax we i had to take out a loan i had to take out a loan through carmax for the van they only allowed me to take out a carmax loan and then i refinanced it. Carmex is evil. And her mother jointly did the van with me for a while. That's why I have such... Yeah, so that's why I have a good interest rate on the van. What's the interest rate?

56:59I think it's three something. Oh, okay. Yeah, it's a credit union just because we're teachers and so we decided we needed to pull from Carmex because theirs was insane. Yeah, it's like 3.4 maybe. No, Carmex is... Yeah. They don't negotiate anything. The proudest thing I think we've done is the purchase of the Kia because that was the most, when we first, like I said, before COVID, we definitely had it better together. And that was a proper, I think, purchase that we both did together. We were able to get the interest to where it needed to be so that we could manage to do it. But the extra cars are unnecessary and those need to go and they cannot keep coming back.

57:42Well, I just, I feel nervous about only having one car. No, no, no. No, don't have just one car. No, we don't have, even still, we don't have emergency cars. We have emergency funds. Emergency funds cover issues with cars. Yes. Emergency funds can cover a rental car. Emergency funds cover the purchase of a new car in cash. Emergency funds cover repairs, if it makes sense. We have emergency funds. We don't have emergency cars. there's not a single financial expert that i've ever heard in this world suggests having emergency cars yep but every one of them suggests having an emergency fund with a 306.76 minimum payment on this if i add the two payments that were done in that same month yeah it's auto paid so um in a weird way there was like 70 bucks came out here no it's because so every month she pays me 500 she pays you like it's a business right so she transfers$500 into my school's first account and then it auto pays the van.

58:42So I think she transferred it over. They probably took it out before she got paid so then she transferred it over and that's why it's two payments and then that goes towards car insurance. That's the debt. Hablas Español. Spreys to Deutsch. Condenos. 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, Babbel is like having a private tutor in your pocket. Start speaking with Babbel today.

59:16Get up to 55 % off your Babbel subscription right now at babbel.com slash Spotify. Spelled B-A-B-B-E-L dot com slash Spotify. Rules and restrictions may apply. Hey. Is there any more debt? You did the Best Buy card? No. I think, I thought I sent it. we're looking for it that was a tv and her uh that was your phone pull up your amazon while while they're looking my amazon yeah i want to see your amazon purchases okay i should have sent that over to you you did it was too long to print okay not too long to print but we were just like it doesn't make sense to print well bad news about those solar glasses you got what have you not checked the weather the weather it's going to be overcast not only overcast thunderstorms we're not getting any of the really no i'm sorry i'll cancel it i'll cancel it you should i bought some for everyone here yeah i i want the kids to see it so now that i support that would have been really cool to experience together yeah that's a once in a lifetime well probably twice in their lifetime probably twice in your lifetime i mean we just had one not that long ago it wasn't it wasn't total it was like full totality though if i'm not mistaken i didn't realize that we're gonna to have such bad weather uh soap okay uh daily defense destined oh desitin that's diaper rash cream for enough some apple juice for the kiddos fair enough huggies paper top okay these seem like essential so far accord i will go with it cheese it's not necessary to survive the kids lunch the kids lunch for snack yeah okay i'm not against it if we can fit it in the budget i'm not against I agree.

1:00:52Vitamins. Again, fair. Now, here we go. This is where you got the super gaming routers and crap. I would have gone to Facebook Marketplace. Yeah. I think that's some glue maybe? Wood glue. Wood glue. Yep. Yeah. Goldfish. More snacks. Honestly, this isn't terrible. Slim Jim. Like, there is the classic kids snacks in here, but most of these are just paper towels and soap, and they actually kind of start to repeat itself. It's monthly subscriptions. This is one of the first Amazons I'm okay with. So I do monthly subscriptions on this stuff. So it gets 15 % discounted and delivered to the house. So I do that once a month.

1:01:27I get those delivered. So that's for some necessities. How are we doing with the Best Buy? Yeah, I don't purchase on the Best Buy card. Congratulations. There's more debt that you didn't know about that he told you. Something. Best Buy. We got$1 ,815.94. What was this for again? um that was the tv and her phone and how much was my phone i don't remember 16 dollars of interest only making the minimum repayment yeah um even zero percent finance dude there's zero on the phone okay so there you go yeah the the tv was zero and i didn't it just ended i didn't finish paying it off and it that it backtracked the interest most likely i don't i don't think so Let me see.

1:02:20Let me see. Yeah, deferred interest charges. Yep, there it is. I didn't know. I thought a couple hundred bucks. I didn't know it did that. Because you did not manage it. Because you're not credit card people. If you didn't know that, if you don't know how to manage it, and then that happens, you're not a credit card person. I will only allow you to have the Fizz card. It acts like a debit card, but still improves credit. That's all. But you guys are not credit card people. Not at all. You need to close your accounts, chop them up. I don't care if it impacts your credit. Can we do that? I can't close the account without paying it though Some you can Well then we'll look into that And we will start looking at how Those gone Is it called a what account?

1:02:58A Fizz account? We don't need to worry about Fizz until our debt's paid off Sure yeah That's true it might be better down the road But it acts like a debit card And still builds your credit It's like a secured card right? Yeah So that's what I wanted you to get eventually Because she doesn't have a credit card was to get a secured credit card to fill credit cards. But together. Not right now. Together. Not right now. $199 in the personal checking account. Oh, we have more funds. More fun in here. Amazon. Lexus Skills. Prime Video. Apple. Audible. Amazon. Amazon. Amazon. Amazon. Amazon. Amazon.

1:03:35Those are all the subscriptions. Yeah. Those are all the subscriptions. Bill's Corner. Bill's Corner. Yeah. Amazon. Amazon. Prime Video. how do people get away from the streaming though like truly because that's a topic of conversation interesting okay youtube's free best content i personally think i watch mostly youtube but yeah we have a lot of other things and there's a lot of good kid stuff on youtube as well yeah we do watch kids kids that is true um but i mean i don't think that's mostly all that amazon stuff you saw what the amazon stuff was the amazon stuff went down brookshire brothers were streaming services i didn't call it the brookshire brothers because now i know that's yeah a bunch of groceries and then um then five dollars in savings making our way to retirement that's right yep seven thousand dollars in the business account that's interesting right why so much in there so the business account for for like that kind of business because that's not a lot to have in a business account but for like a side hustle and stuff like that i'm curious why do do we have seven no i get my my checks deposited into the business account why because i'm i'm not a w-2 employee i'm 1099 really yeah okay yeah so um yeah so then i put it in the business account and then i pay myself into my checking account from my business account um and then i try i do pay like our rent out of my business account because and then i go into my quickbooks no because because my office and my you can write off your office i don't think you can pay your full housing no that's what i'm saying is that i pay it out of the business account because quickbooks tracks my business account and then i go into quickbooks and i split it and quit within quickbooks as a rent versus personal versus business because the whole garage and my office are all done with the cpa for that you can write off square footage of your home correct for work purposes i don't know that that was beyond me in terms of the tax i was told that i could by who by my friend who was a cpa okay um uh i worked he worked with me in the kitchen as well but he was a certified cpa he was okay um he just didn't like doing it so that's why he worked in ask reed can Did someone ask me?

1:05:58So he told me that I could rent my office from myself. That's what I was told. Oh, but that's not how you're doing it though. Well. But you're splitting it post-fact, post-hit. It's not a separate charge. Plus then you would also technically have to, if you're charging it to yourself, you're going to count that towards business revenue and you'll still have to pay taxes. But I do see what you're going for. Okay. I do see what you're going for. And yes, that is true. I might have misunderstood. I understood that that's what I was trying to do. I mean, you're just splitting it in half once it already hits, which you're not like actually charging yourself.

1:06:35Okay. I mean, if there's a better way that I should be doing it, I just was told that I could charge. So that was the easiest way for me. There are certain ways to do it. Talk to your friend again. Make sure you're doing it correctly. Okay. Because it's interesting the way you're just splitting it. Again, CPA, that's not my thing. Right. Taxes, not my expertise. Unless I misunderstood. I thought I was doing it right. You can charge rent to yourself, to your business. You actually can do things like that. I was charging my business$1 ,000 for rent, including utilities, because woodworking does take a lot of electricity.

1:07:13We have a CPA. That's awesome. I don't officially. Well, it's a CPA that we work with for coaching. so if people want coaching they can work with him. All right, we'll see what he says. Okay. That's a good resource to have. Yeah, sounds like it. Well, we haven't officially announced it, but if you guys are interested in the coaching program, it's on our website. Yeah, that sounds awesome. Okay. We're doing like test phases. So 7 ,000 bucks in there, that makes sense. So I get it, yeah. This is transfers back and forth in that case. And then in the checking account there. That's my school's first checking.

1:07:58Rotunda Bar, Petty Home, and Morsonic. So you guys get all together across all the accounts. You have to go out to eat in some way, shape, or form once every day. That was. Every other day, sorry. So the Rotunda Bar is new. That was for Valentine's Day. Yeah. Wow, exciting. I hope you didn't make it. So we got to go on a date. You can't afford it. Yeah, I don't know why it says the 20th because we went on Valentine's Day. Oh, that's when I hit. so you guys go out in some way of fun almost once a day minimum once every other day we cannot do that it's as simple as that you cannot afford it well okay and some of it is also if i don't know anyway on the chase freedom card um when i'm traveling i travel a lot for work so i'm i don't know i'm don't have a choice and i get reimbursed well the reimbursement stuff is good but again i I didn't call out the airport travel after you told me.

1:08:51That's what some of the food is too. Well, I'm including that in your income, right? Because do you get the reimbursement no matter what? The$500 a month? Oh, I get the$500 a month no matter what. And then anything additional like flights, hotels, I put it in expensive. But I didn't call out flights and hotels. And then some of the eating out too. Some. How much? What did you say? Best guess, be real. Don't believe it. Best guess, 40%. Okay. I will probably contribute to 50 % of that and 10 % is probably while you're traveling I do go out quite a lot with the girls yeah but I'm saying on my cards on my cards 40 % of my eating out is I don't have his cards I don't have like a separate thing when I'm home I go out with sales reps for my job and then I buy them lunch so that actually is ending now because I have a company card as of this much would you like to know what else needs to end?

1:09:45$30 ,000 of bad debt. There's not one good debt in there and we hit$30 ,000. $30 ,000. Did you know we were at$30 ,000? You were surprised at$10 ,000 and we're at$30 ,000. I knew we were at$30 ,000. I don't know how we're going to get a house. You guys are not buying a house right now? No. When did you guys want to? In general. At some point. We want to buy land. Okay. I'm totally down for that. But it requires sacrifice. You're going to have to put it over other things if you want it there's that's what a lot of people get upset i'm concerned just because i feel like okay so i'm doing one budget because you guys are going to combine okay now this is what you can do one we don't have both spending right now we simply don't but when you do have fully funded emergency fund and no bad debt we can have fund spending and what we can do in that case is when we determine after needs after minimum 20 going to investing if we have say 30 or 20 percent left for fun we can take that and if we really want to split that into separate accounts we can because it doesn't matter where fun money is going as long as it's what we've decided as a couple as partners that this is the amount of money we can spend on fun that's okay but the bills everything together everything needs to go into a collective pile understand you get paid through to your llc account that makes sense but then that money needs to go into a collected shared account and that's where your deposit needs to go now.

1:11:13And from there, so you need to set money aside for taxes. Yes. How's that? I'm good for last year, but not this year. Yeah, I saw$5 in savings. Okay. Yeah, so this year I haven't done quarterly. $7 ,300,$800. So after you set aside money for taxes, you bring in$51 ,660 a month. sorry uh no uh no a year sorry a month that would be awesome yeah okay yes yes or four thousand three hundred five dollars i'm taking reimbursements and taking bonuses i i had it at forty two hundred okay well is this let's just say that because that might because sometimes because those prices that hit my account um do include the reimbursements from the previous month okay so that's why you know it it washes out sure uh so we're 91 000 oh what hits your account what's your net on a oh i saw it yeah it's 18 or something oh yeah it's not the most fun is it what did you say comes uh what's what was the number you just gave me for yourself 42 42 and 18 okay yeah so 6 ,000 that doesn't include word working which is maybe 500 after all expenses but i'm not i haven't paid any taxes on that so that's not including money instead of taxes a lot of times the woodworking is paid people give me cash careful buds yeah i know so i'm gonna say careful careful i'm gonna say i need to start moving it into i just launched my i mean i just finished my website it's not done it's never done right it's a very nice website uh my producer said i haven't personally checked it out yet but yeah he says it's actually very nice well thank you i appreciate that i would put it in the description but we we try to protect everyone's identities so we're using fake names and stuff so it wouldn't make sense that makes sense but if you're in austin area ish and you see nice woodworking on facebook marketplace and you see a picture of man with a beard and glasses purchase it thank you yeah let's say 6 250 on a monthly basis does that work that works okay cool today i've got something truly important to share especially for those who face tough times after a life-changing accident when you're seriously hurt your injury could be worth millions that's where today's sponsor morgan and morgan steps in with With over 30 years of experience, they're not just any law firm.

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1:14:23It's really that easy. You can start your claim now with Morgan & Morgan at forthepeople.com slash Caleb or click the link in the description below. Minimum monthly debt payments. Let's get into that. And we'll get into all the other fun stuff. Let's see if our CPA has not responded. Okay, that's fine. He's a busy boy. Talking to all the good people out there. It's the season, right? Who need coaching. Yeah, absolutely. But he's also helping people build budgets and stick to budgets and all that stuff. It's actually a really exciting thing that we're trying to do. Really excited about it. Okay.

1:15:01Okay, minimum monthly debt payments. This is going to be interesting for you to hear. Yeah. $1 ,007.65 okay yeah that's a sixth of our take home that's my entire monthly take home pretty much well not half less than half okay rent what's our total rent remember we're doing household now we are not separate I think I sent something over did I so rent is weird can I pull it up okay so that that includes um water and trash and sewage so it's around electricity not electricity no electricity separate or internet not internet so 2516 is your rent no it technically our rent is 2158 and then they charged us like 30 for smart home blocks or something and the 80 for amenities and that monthly yeah yeah and then like 70 for pets oh they put in the fees yeah as someone who actually rents out property i don't do this kind of yeah it's disgusting so i i didn't realize that there was gonna be all these additional um that's how they get you so i'm seeing 2345 that sounds right yeah and then that so that month was 2500 because that included the water is this a house it's a house square footage about 2000 yeah it's a four bedroom yeah and then it's almost 40 of our take home yeah way too much we want to cap especially in this area you can get pretty darn close to it 50 our needs it's 50 yeah so we were 40 when we signed the lease i thought it was just 2035 a month yeah i didn't realize i didn't fully understand that it had all these other things on it.

1:16:56Until after we signed it. And that was my fault. And they didn't even mention the pet stuff until I was driving out here with the moving truck. Yeah. Internet. It's$75. Kill me. And the renter's insurance. That's yearly$75. I already paid that. $6. Electricity. varies i mean i think that month was 500 but it's normally probably three meet in the middle four okay okay summer's coming dude yeah yeah i know that's why have you been in texas since last february last february 2023 okay so you've done a summer we've done a very hot summer too we were told it was not seasonal at all they were like this is really hot it was hot but it's always going to be very hot but that was extra so that's your electricity is going to be expensive okay yeah that's our high end that was the highest it's ever been was 500 because of the heating because the you have electric heating i thought you said gas is covered so it's not gas heating it's electric heating there's no gas there's no gas in our house electric heating so yeah so it's okay i'm gonna say 300 then so gas vroom vroom gas together oh it's yours how How much do you spend on gas?

1:18:11Like$300. How much do you spend on gas? I buy her gas usually. What? Like probably$150? Not even. No, no. It's like$90 at most. So$390. Yeah. Car insurances all combined. $328.

1:18:31I'm lucky. I see people with worse car insurances for just one. I'll say that when I added the Mercedes, it went down. I don't know how. I don't know why. age sorry what was that age maybe oh maybe i don't know okay groceries let me think about this for a second why we should be able to do a thousand dollars for food okay that sounds about right i usually go to costco once a month and spend five hundred dollars at the beginning of the month and then um yeah we try to just get one more trip in tp money anything else we need to survive and this includes extracurricular. Some's going to be more one month.

1:19:08Some's going to be less. We're going to do an average of$200. Again, you're going to go through the budgeting program and figure out your exact bills. That's going to take hours and you're going to go through it together. Go through it. It's like four hours and there's quizzes. Does that include diapers and stuff? Diapers, wipes, all that kind of stuff? That's like$75 a month for diapers, dude. Yeah, okay. $275. Okay. $300. Yeah. The young kids. It's just with the young kids. they require so much and both of them are going through growthsburg right now so the the clothes that we just bought them four months ago you have to buy them new clothes now because they've outgrown them you know but you are trying to cycle through the older is going to the younger so there is that but yeah it also has friends that have kids that are slightly older so we try we do people do give us a lot we are trying to do the communication of community and trying to get like close that way.

1:20:01Do we have ongoing healthcare, prescription, gym? How much on a monthly basis? So actually it should only be about, I would say$50 because at least once a month we have to go to the urgent care because of either myself or the kids. I'm not going to lie. But you have prescriptions. I have prescriptions, but those aren't out of pocket. They are. No, they're not. They're like six bucks. So I think that's twice a month. So it's like 15 bucks. what person no maybe at max ten dollars every time I go to pick up a prescription but most of them are co-pay 65 bucks in total yeah okay yeah why are you going to the urgent care so much oh it's like well what did you do well she chopped almost chopped her finger off um there was the debt's not I was trying to meal prep okay and I got I'm just kidding but I did cut my finger and that was not fun whatsoever and then with the kids but with the kids the RSV and ear infections and allergies and things like that.

1:20:59Oh, yeah, they're gross. Our PCP out here is booked for months. And so the next, I'm waiting two and a half months for something that happened in like January, you know? So it's just easier sometimes just to go and it's$50 copay and then it's taken care of. We have the antibiotics, whatever, yada, yada, yada. So that is one of the definite things that we're going to need. Phone bill? Minus 35. Mine, okay. Yours? 50. wait you pay for your phone i'm not really anymore no but you're you're on your mom who does i'm on my mom's she's on her mom's and you're 35 i'm 35 okay switch to helium it's 20 it's better is it better same towers okay well what are you using verizon verizon 35 that's a cheap verizon that doesn't really make sense uh so i'm grandfathered in and it's prepaid and never mind maybe keep yeah verizon's like the best of the best of the best but usually it's not worth the cost when we're getting out of debt so i'd usually say do helium but your grandfathered in at something special so i actually am going to make an exception okay okay any other bills on a monthly basis that i am not taking an account there's the gymnastics i mean that's in the tp fund okay that's in the tp fund i would say um normally i put 40 on that school cafe so uh for lunches at school no you're packing lunches that's in the groceries okay that's in the grocery budget They're picking a sandwich and an apple.

1:22:25They're a teacher. I'm giving the apples. Right. All right. Let's add up this mess. Okay.

1:22:37Don't worry. I'm going to dig into that coochie board in the post show. Get all up in it. And I brought you other samples. So you could be nicer to us. He did it for niceness. I did it just because we need to nosh on something at some point. You know. I don't know. Okay. So what's left is$335. On my strict budget,$338.40 is what you have left over on a monthly basis. Okay. And that's with her income. Yeah, it's everything in mind. It's all of it. After taxes, after taxes. We're walking into the summer. That's why I'm concerned. Is there anything else that you needed to add? Oh, because me. You got to take it.

1:23:21Two months. What are happening to the kids daily? Where are they? They're with me. Yeah. They're out of school? Yeah, they're out of school. They're in daycare normally. So it's deducted before she gets her check. It's deducted out. So the net that I have is after that. Okay, perfect. And then in the summer, they have to be with you. Yeah. Unless we have that fund where we can look at, hey, you're going to spend a week at camp or hey, we're going to go to the college. I mean, they're a little young for camp. Anyway, like the two-year-old. Amelia will be four, so she's not that young for camp because there's things that we can do, like gymnastics.

1:24:00She's not like fall into a fireplace or something. No, not like that. Well, I'm just saying, like, it doesn't make sense to me unless they're both out of the house. I just feel like if we're out of the house, we're not spending money on the groceries that we'll be eating at the house. Okay, okay, okay. Because, yeah, in the summer, I would be like, please go get another job. But they're in such an age where it's, like, really hard and childcare is so expensive. and also I only have two and a half months off because I began August 1st for our professional development you know what would be cool if you can do this it's a very high turnover job and it sucks and you'll hate it but if you do like a call center from home over the summer while you're dealing with them it's not going to be perfect it's easier said than done but anything that brings in extra income to get us as close as we can to bring it in your almost 2 ,000 net now because we're going to be underwater in the summer like straight up we're going to be underwater So it's either he has to double his hours by getting a second job in the summer.

1:24:52Which I did last summer. It might be what we have to do. Yeah, last summer I did Uber Eats and I got a job at Bass Pro Shop. Your literal minimum to survive on a monthly basis is$5 ,911. A thousand of that is minimum monthly payments to debt. So the quicker we get rid of that, I mean, that has given us so much room. We're almost close to you not even needing to work to hit the minimum. Now, obviously, we'd still want to because we need to have a little bit of fun in life. we need to be able to invest money for retirement but okay but you're not saying that we're totally sinking ship just totally it's just well no no it's like where our expenses are higher than our income during those two months in the summer no it's sinking but in order to patch the holes even with the extra 300 bucks that's gonna okay so for example we have 30 000 of bad debt but we're going to sell a$3 ,000 car so we're going to have maybe$2 ,500 we'll see like to be honest I'm just okay well let's say $27 ,000 is a bad debt let's just be happy about it and we have an extra $338 it currently takes 80 months to pay off our debt so 80 months before you're allowed to have any paid for fund okay like come on that's unacceptable we're going to be in our 40s right yeah Because that's six and a half years.

1:26:11Right. So that's unacceptable. And that's not even taking into account that we are underwater in the summer. So the reality is. I need to go to a woodworking business. Yes. If that can bring in consistent good income. Heck yeah. All about it. Do it. If it's not bringing in minimum wage at a minimum. Like. No. Like Austin. Fake minimum wage. Which is essentially$15 an hour. Because that's what they hire at most places. higher than that now but at the bottom you then need to pick up an evening job somewhere temporarily yeah i'm i'm happy to do it's just hard i don't want to leave her alone with the i mean don't want i guess you know i hate to leave me do some basic math if you bring in an extra 338 you take that down from six and a half years to three years okay that's all for an extra for an extra$338, bring in an extra$1 ,000 a month.

1:27:08Let's get this debt taken care of in two years. Let's have a fully funded emergency fund and all the bad debt gone in two and a half years. That's okay. The oldest kid is going into six at that point. They actually start, you know, they will have memories around then. In the vast majority of their childhood, their vast majority of their grade school, their entire middle school, their entire high school is gonna know parents who have in a household where they work the jobs they want and only the jobs they want where there's a fully funded emergency fund and no bad debt so there's that stress is off their plate where they're having fun vacations you guys are doing stuff and doing fun things and going out to eat and having these memories and sending them on study abroad trips all these fun things because for two and a half years mom and dad sacrificed to do a better life and then both of the kids are headed into their 30s and 40s and they're not worried about paying for a roof over your guys head because we can't rely on social security at that point who knows what it's going to be like right so you've given their life an amazing amazing shot and experience and you're also giving the remainder of your life an amazing experience because if you sacrifice hard literally two and a half years now from now you'll have a you'll actually be out of bad debt if you sacrifice now and have a fully funded emergency fund um gosh i wish i could like normally i gift people a course career certification protect certifications help with income doesn't really apply for your field so it doesn't really make sense now i'm trying to think of things i can do with the resources that i have the companies i work with i can provide resources obviously you got the budgeting program um i'm excited when you guys well yeah you guys need to start investing when you are two and a half years from now when you're out of this and i can help maybe fund your first muumuu account there's yeah we have we had I had, you know, whatever, Ameritrade and Public.

1:29:00I sold it when we moved. Oh, dude. You couldn't afford to move. It's as simple as that. We couldn't afford to stay. I know. Especially in Long Beach. It was like we were getting kicked out of our housing situation. We had to leave our housing. They had sold the duplex that I've lived in since for eight years. And it was just under new management. And they were taking all the tenants out. Yeah, I'm happy to do repairs and increase the value. exactly okay so it's kind of a bad situation on top of a bad situation on top of trauma-based responses on top of no communication for a while speaking of that yeah that's i can we'll give you the plan i can connect your resources none of that matters if you guys don't communicate correct so i need to know now will we sit down scheduled monthly basis go over our past month's budget and what we need to address for the future month's budget and where we're at in our debt payoff journey are we committed to that yes yes yeah are we committed to potentially using our insurance to for a couple months we were just trying to get on the same page potentially seeing a couple's therapist on the financial aspect of you alone yes okay are we committed to combining our accounts where the income flows into and actually communicating over this and not just spending willy-nilly yes yes okay i know i'm nervous but no no i agree to do it it's like i know that like I've been trying to obviously I've made no progress.

1:30:24You can see right here that me is not written here. So you can trust me. But you also spend a thousand dollars more than you bring in on a monthly basis. Come on. We need to trust each other. We need to trust each other to know that we have our children. I thought I could handle it on my own. I thought I could and I can't. Obviously. We need to do it together. I'm way overwhelmed. So I need to work together. What is exciting now is that we're looking at the future. The past is the past. If we all got judged for things we did in the past, like we'd all be for the rest of our lives. Those are pearl clutches.

1:30:56They're unrealistic human beings. What we're doing is we're judging for what we're doing now and what we're doing in the future for a better life. Yes. So what you guys choose to do walking outside of this door is what matters. I do not want to hear in the conversation, when you got into the bad debt, when you spent more before. We're only addressing what happened the most recent month and what we need to do to fix the next month. Are you also committed to cutting the bullsh**, temporarily sacrificing and working more so that we can pay off the debt for a better future for ourselves, better future together, better future for our children?

1:31:31Yes. Are we committed to paying off the credit card debt and closing those accounts and not using them until we can prove to ourselves that we're financially disciplining credit card people? Yes. Yeah. And the budgeting program - So you'll chop up your credit cards? Yes. Yes. Right now? Yeah. Get them out. Right. I don't want to show them, but - No, we don't need to show them. Well, we have this fancy technology called blurring. I pay a lot for these video editors. You will need to keep one because of your job, whichever one that is. Well, now I have my work card. That's the only one where I'm saying, like, don't cut that one up by accident.

1:32:04I don't know if I even have all the cards on me. Well, when you find them, burn them. Don't carry them. I'm sure your kids would love a nice little bonfire. Right. Yeah. Cook some s'mores. Those fumes, though. So I think I don't. That's called flavor. I have these two. Kill them. Burn them. I'm proud of you. Good job. See, big proud moment. This is bonding. Yes. Okay. Don't eat that. Good job, babe. Cool. So, that's my prescription. That's my diagnosis. It's what you guys decided to do from here. We're open to help in any way possible. You just reach out and we'll connect you with resources. but it's still behavior and choices from here right so you said an eight you said a what one i said one okay let's see what i was probably optimistic myself spending in a budget i'm doing the household your portion was way over and you were still spending money you didn't have optimistic two out of ten for that category debt zero it's no because zero is usually collections or irs debt technically you haven't paid tax on woodworking but either way yeah I had a collections on there from I had identity theft but I just had it removed like right before I sent that over oh okay and it's bad debt it's not the worst of the worst that car that 25 % or whatever is going to bring it down to a 2 I would have put it at a 3 but that nicked it down emergency fund there's nothing anywhere 0 out of 10 doesn't make sense retirement we have a little bit started very behind for our age 2 out of 10 real estate nothing right now 0 out of 10 we can talk about that actually let's talk about that in the post show um because it's an interesting topic and we may as well hammer financial score 1 out of 10 you're right make sure to check out all the links in the description below they are resources that i use or would use in specific situations including the best budgeting program in the history of the internet now join us for the financial audit post show everyone today on the financial audit post show thought it was okay no i thought it was one thing and it turned out to be another what do you think it was going to an office people would come in and say hey i want to buy a house or hey i want to sell my house come on i say i'm sorry that's nuts dude to watch the financial audit post show click the join button below