I've Never Met A Woman Like This | Financial Audit

32:42I don't always buy on this card. Does that make sense? Yeah. I'm trying to make the math work for you. Do you understand? That because the 28 is larger than the 1.5 with the 26.5 in the middle, with the money you are losing purchasing on this cart, that you are getting free stuff, you're actually losing your ability to purchase 17 drinks that you could have if you just used cash. Does that make sense? I never carry cash. A fucking debit card. Come on, dude. Come on, dude. It could be a credit, a debit card. A debit card you could. You can also put debit card on a f***ing Apple Pay. Yeah, I do have it on there, too.

33:24But it takes longer to... Then it would be that! Why'd you have to f***ing say that, then? Because it takes longer to transfer it from my bank. Oh, my gosh. Who gives a f***? Who gives a f***? You're going to use one account instead of making things overly complicated. For every single... But, but, but, but, but... You say there is a simple solution. There's a simple solution. I'm... I feel like it goes a lot faster if I keep it all in my checking. Because then it's, like, readily available. Oh, I'm going to give this back to Mama Lindsay. because I'm just going to keep hitting it. This is ridiculous.

33:52That is crazy. Jake is telling me, if you like espresso, if you want to make a little special, pretty little drink, you can get a mocha pot for 15 bucks and it's close enough. There you go. A what? Mocha. M-O-K-A pot. I don't know, but he knows. And he likes coffee. Yes, and you can put in a little mocha and get a little frother for five bucks. She has a fucking espresso. I'm going to punch a hole through this table. They have the good syrups. You don't give a shit. Kids. I do. No, you care about Starbucks more. No. Yes. That is what you're doing. No, you care about Starbucks more. You care about your sweet little dopamine hat.

34:31Then their future. They could have a college fund. They could have a college fund. Their mom could retire without having to go to their kids saying, I can't afford to live. I need help. And having to put their lives on hold in order to take care of you. You're actually choosing you getting Starbucks. over them that is how it is actually working out in the end do you see them in the moment absolutely not but that is how it is working out in the end and that is what you are doing yeah i i want to do better for them i really do okay then why haven't you it's hard it's hard it's hard to give up the little yes yes positive things in life positive outcomes big goals they require hard things they require some sacrifices yeah okay okay i will allow you to use the fizz card it's another one of our resources but at least it's a debit card that builds credit you talked about utilization for one or credit age whatever you mentioned if you're going to use something you can use that because it helps build credit but it only allows you to spend what's actually in your checking account and we know that you cannot manage for a single second what is in your checking account.

35:37So it'll at least do that for you. Yay. It's a fizz card. Is it good? Yes, I just explained. Okay.

35:48Oh, good. We went to Spirit Halloween twice there. Oh, good. Oh, good. We did it.

35:59You didn't pay off. You didn't pay off the concert tickets. You didn't pay off the concert tickets. Concert tickets. You lied to me. I did pay it off. No, you didn't. Yes, I did. No, you didn't. I did. Hey, shut the fuck up. No, you didn't. Because here's the thing. You carnet it, so you debted it. Wonderful. In order to pay for your debt, you put it on your credit card. So you debt paid your debt. You debt paid your debt. You did not pay for it because now it is on this balance that is accruing interest. I transferred it from the bank and then paid it. like I made the you can see the transfers on there like I made the transfer and then I made the payment because it wasn't enough on the card to pay it so that's not even you making that extra payment that's just you not having enough on the card to even make the bill what's the point you could have paid for it in your checking account what's the point I signed up for it on there so I could get the extra points we just went over points at the time it was extra points Now it's a lot of extra interest Yeah You lost$82 this month in interest Yeah that's why I had to pay To be able to use the card That's why I had to pay to be able to use the card again Because Do you not realize how f*** that is If you have to pay because the interest is so high Because you leave such a big balance on there In order to make another f***ing purchase On a credit card Are we not in a f***ing situation Do you not understand how that would be considered f***ing If the interest on the money that is already there is so big that it is pushing us to our limit and the only way to be able to spend on our credit card is by paying off a little bit of it yeah we're probably just does it not make sense it's the minute i have to make the minimum payment anyway at the beginning of yes i know oh my gosh that's not the same thing as you putting a little extra so you can put it right back on which will then just accrue the interest again 82 dollars congratulations you could have got 32 of your special little work drinks just in the interest of crude in one month it's just like that also gone taken away from you taken away from you because you are choosing to spend on here even after you make payments well it takes a long time to pay it off are you ever how are you going to survive in this world no yeah yes i know it takes longer to pay off when you spend more on it well technically i'm not spending more on it because i'm making the payment yes you are yes you are because the interest is accruing allowing it to still go up okay yeah well you're still making it net go up you have lost it's borderline a thousand dollars this year so far you can't afford that you do not make enough money to lose a thousand hours a year that That is a substantial percentage of your income to just lose the interest on one of many things we're talking about today.

38:57One. You can't do that. $1 ,000,$2 ,050, you could have got$400 of your work drinks. 400 of your work drinks. Literally in just the interest you lost from this one card because you don't know how to manage it. And you don't know how to manage it. And then your excuse for putting purchases on there is, well, you know, I made, I took it down from the absolute credit limit so I can put my money on there while interest is accruing. No, this is a f***ing joke. This is what a child does with their money. And you actually have real children, okay? And you're going to pass this s*** on to them because that's what happens.

39:32You're not going to be able to do the things you want to do when your max gets, your debt gets completely maxed out and you no longer have the ability to spoil them the ways they want to. And they're going to learn real hard and real quick what happens when things get f***ed. And we already know you've been married. So you follow the statistics of, yeah, not every marriage works out. What, only 50 % of them? Cool, congratulations. You need to protect yourself. I'm not saying you guys aren't going to get married. I'm not saying you guys are going to get divorced. But you've already proven early in adulthood that sometimes it happens.

40:02And it is good for you to have a little bit of protection. What would happen without the large part of the income of the household right now? What would happen? You wouldn't be able to pay on your debts. You wouldn't be able to survive. And yet you have the kids and the child support hardly covers anything. You are putting your children in a risky position that is unnecessary and honestly quite disgusting because of where you are spending your money. All for Starbucks, all for whipped cream, caffeinated juice. All that. Well, yeah, it's more important. If we if, you know, God forbid, we didn't work out like I know my parents would let me move in with them, too.

40:39Why are we talking about our parents being our fucking fallback? It is okay to help people when they go through hard situations, but you get yourself in a good position where you don't have to rely on others. Not expect to rely on others. You rely on others only when there is no other opportunity. Yeah. All right. You know I'm all about helping you avoid messing up your finances. So let me tell you about the Fizz card. If you're a college student or you're just not a credit card person, listen up. Fizz is a total game changer. And it's a debit card! It's the best way to build credit and budget your money.

41:17With Fizz, you're not dealing with any hidden fees, hard pulls, and no interest rates that'll eat you alive. It's just a debit card that builds your credit without costing you extra. And here's the kicker. Fizz links to your bank account and sets a spending limit based on what you actually have in there. So no maxing out on taquitos or impulse buys. Because Fizz keeps you within your means. Fizz doesn't just help you with better budgeting. It's a legit credit building. Plus, you earn cash back on the stuff you're already spending money on. So if you're ready to build credit the easy way, without stress, debt, or hidden fees, check out Fizz at joinfizz.com slash Caleb or in the link in the description.

41:58And as a bonus for my audience, the first 10 ,000 people who sign up and use code HAMMER10 get a$10 sign-up bonus. Try out Fizz today and let me know what you think. Are you serious? That's gross. That is so gross. That is you literally never maturing beyond a 15-year-old. If you think I can just rely on mommy and daddy for my entire life if something were to go to bed. Huh? Huh? Help me. No shit. And that is okay. That is okay. But that is on the last straw. You are not preventing yourself from being in that position. That should not be your emergency fund is mommy and daddy. No, you have something set up.

42:33And if everything goes to absolute shit and your parents want to help you, of course. But it would be enabling bad behavior if they did help you because you never set yourself up for any kind of protection if something were to go bad. Because they're just allowing you to be a permanent 15-year-old your entire life. Yes, somehow you have kids. Yeah. Are they in your life financially right now? My parents? Mm-hmm. Yeah. What? My mom helps me pay for groceries. Oh, good. So that she can go to Starbucks every day, mom. I think we should probably call her in the post show. We should probably call her in the post show and let her know because she needs to cut you off.

43:08She's enabling your bulls**t. What else? Well, she lets me Instacart groceries to the house. Mostly for the kids. She lets you be extra lazy. Oh my f**k. And kids food and then every once in a while it's stuff for me too. And then I'm supposed to buy my own groceries but sometimes I get really busy so I just eat. Busy standing in the line at Starbucks. We're working too. You work 45 hours a week. Welcome to what everyone else does, even those with kids. You're not even a single parent. I yeah not technically single parent um does the fiance help yeah yes then not even close to technically um and then if something comes up like an emergency um my parents will help me with that too that's an enablement listen if they're grandkids and that's probably the extra hard part but people in your position need to fall on your ass so you actually know what it's like down there you've never felt it you've only bounced on the trampoline instead of hitting the ground because of their support system and it's allowed you to think that our emergency fund isn't important it doesn't require any sacrifices in order to build up any kind of safety net in order to protect me and my kids that's actually going to hurt you when your parents are gone then all of a sudden something bad does happen and then you can't take care of your kids they're the ones that get that gift your parents are enabling you and it's bad it's bad they don't know it's bad they're doing it actually from a good place of their heart yeah they just don't understand and it's it's you don't even know you need to have your ass hit the ground and you've never felt it before you've never felt the value of a dollar you don't i work really hard for my you work hard you work 45 hours a week calm down it is hard and it's hard okay then oh then then we all work hard congratulations okay okay okay i've worked so many 40 hour jobs a week okay we all do this it happens and i was doing sales i was doing what like 50 60 you know working in the evenings making sure closing those sales cool cool cool cool wonderful good for me yay i'm not fucking about it um but not balancing that with the kids don't get me wrong that is difficult but the thing is your money that could be going to groceries could be going to cooking all these things could be covering emergency buses literally going to you that you can spend eight dollars a day at starbucks and that you can spend a dollar fifty cents for your second drink of the day at work and then i'm sure you have a little evening sweet treat because you always probably do It's mostly energy drinks.

45:25Let's move on to the next card. $121 minimum fee payment on that Apple card, by the way. Oh, good. The Discover is somehow higher. Oh, no, it's not that.

45:38Your Discover is literally over the credit limit. But we think we can go to the Starbucks every day. Well, then you go to Starbucks every day. A lot of finance YouTubers are like, oh, never go to Starbucks. Invest it in stuff. I'm not even that person. Go to Starbucks. when you can afford an emergency if something bad would happen in life. And as long as you are making sure that you're at least putting some aside for retirement and you don't have high interest debt, you're over the max on a credit card and you're going to Starbucks every day. That is not acceptable. You are not entitled to that.

46:07I don't know who you think you are and why you think your life and your sweet treat is more important than your kids. That's what actually pisses me off and why I'm being a bit rambunctious this episode is because this isn't just affecting you. It's affecting two people that did not have a choice to be brought into this world. You are f***ing their future and putting them at risk. And it's disgusting.

46:29Well, normally that's not over the limit. I just missed the payment. Normally it's not over the limit. It's over the f***ing limit and that's all I care about. That's all that's there. Is it's over the limit. Yeah. I missed the payment on that one so it went over just a bit. Now why are we missing payments? well I forgot about that one that one just like went over my head a little bit we can forget I missed the cut off for it to be on time and then it went over the credit limit because of that why is it on autopay I don't do autopay really on most things because you don't know how much money is in your account ever because we don't budget because we don't look at our accounts because looking at our accounts is scary because we miss payments it's a revolving circle you make it worse it makes it harder to look at it and you don't look at it makes it worse this is what's always going to happen there's tissues right there if you need it i appreciate the fact that emotions are actually hitting that is important i am not here to try to make the emotions hit but the fact that it's actually landing and the wake-up call which is the purpose of the show is actually working is a positive sign not that i would want anyone to shed tears it is okay to cry i'm not usually exactly but it is you are having it maybe we're thinking about the kids we're seeing how this is actually negatively affecting our kids for the first time in our life and maybe that's an important thing because maybe that's the kick the fire you need under your ass is actually seeing that oh wow this is not just impacting me this is impacting them and maybe that's actually what you get you to change your behavior and that is not a bad thing that is not a bad emotion to have that is very natural yeah i want to do better for them i do i want to do better for them i have a good example for them how long were you with your ex the the father of the kids was your ex-husband how long were you guys together uh five years okay what happened um it's kind of a long story uh so he went he wanted to do the military and then he was like he knows i'm like very codependent like really attachment style so he was like get a girlfriend uh while i'm gone you know like it's okay like it was kind of an open situation yeah And then we got together and when he came back, he didn't really want to be a part of that anymore.

48:43So he left. Rip. Yeah, rip that marriage. Here we are. I'm happy now. Well, that's good. Discover at$5 ,413.83. It's a minimum payment. It's a lot. It's more than a fourth of your... Oh, no, no, no, no. I did that math wrong. Well, hold on. What did I do? No, it's more than an eighth of your entire net income. Actually, probably gross even. What is it? What is it? $502. I think that has the last month amount too. Like a past two as well. Yeah. How long does this... If you just make your minimum payments, no purchases. If you didn't make any purchases, because you're getting enough. I froze it.

49:31Because... I froze it too. Good. But how long does this take to pay off if you actually pay your minimum monthly payments? How long does it take to pay off? All of that? Yeah, just this credit card. If you don't miss your minimum monthly payments, how long does it take to pay off? Probably years. Like five years? Five years. Yeah, you'd be old. Be old. You'd be, well, you'd be my age. I guess I'm not that old. You'd be 29. Five years, right? Yeah. I feel like I'm getting old. I'm having a little 49 prices. Yeah, you'd actually be 44. Oh. It takes 20 years to pay off And that's if you don't miss payments And you're missing payments Yeah Well I just thought that paying the monthly minimum 44

50:14Setting up the second half of our life 44 Just for some fun little starby spending When we were in our early 20s Thinking we're being cutesy And getting a sweet little drink via girl math All because of that paying a minimum monthly payment while having basically no retirement at 44. Yeah, that's when I'll be having that fun midlife crisis. Yeah, the crisis is now. And if you don't see that yet, your credit score is basically, it's barely over 500s and over the 500s. You're lucky. You're lucky it's in the sixes. Yep, late fee, 41 bucks. So it's probably like a$250 normal minimum payment. You got to make that back.

51:00Okay. Plus the fee is$41. I mean, let's see here.

51:10Gosh, I don't want to rage into you because I see that it's actually starting to work. I see that it's actually starting to work and I don't do it just to like hurt or anything. I need it to, I need you to get the wake up call and you're starting to get it. So it's just like, okay. But the thing is, the thing is, we're only two accounts in. You've likely missed three to four payments this year so far with how many fees have at this account. Like, we're talking a quarter or more of the year you've not made payments. This is not acceptable. This is not what an adult does, and you are many years into adulthood now.

51:44You are not 15. You are not mommy and daddy's little girl anymore. You're not. And the fact that they enable this is disgusting. They don't know it. They're doing it nicely. but it is yeah i three to four missed payments this year i'm forgetful that's not an excuse it's not you can have auto pay but then you have to have your checking account figured out and by that you actually have to look at it there's so many alternatives that we can do there's a whole path we can go down that is it doesn't matter if you're forgetful you can be okay here forgetful is not an excuse it's not they have systems in place for you to be forgetful and still make your payments yeah that forgetfulness is like yeah it's really bad with money four of 11 months this year four of 11 months this year i don't know it's that many months well it is in a thousand five hundred hours loss in interest so now two thousand five hundred two cards two thousand five hundred it's what comes in via payroll on a single month for you you've lost a month of income and interest on only two accounts we've looked at so far, a month of income.

52:54Yeah, I guess I don't really understand interest, how that works. So this is at an interest rate of 27.49. Whatever your balance is on there, essentially take that, figure out what 27.49 % of it is, take that, divide it by 12, because that's how many months, it's amortizing across the year period. And that is what you're charged on that monthly basis. So the balance, your next interest payment is likely going to be, with the current balance on this card, of$5 ,413.83. Cool. So we're going to take that, times that by.2749. Wonderful. And it basically comes out to the interest you've paid this year.

53:35So that's obviously no shock. divided by 12 probably in 124 dollars of interest accruing on this next month which is very similar to your previous balance which is lower because because before you missed your payment of 140 dollars 120 dollars being lost so your interest is actually going up because you're not making a payment because the balance is getting larger does that make sense does the interest go up if you leave it like longer than it yes well uh huh so if it's been like a few years ago that some of the purchase the higher the balance goes up that's all that matters is the balance the higher the balance is and if you miss payments the balance goes higher because you get fees and you miss the payment so you're not making progress towards it right okay so it doesn't matter if it's from like years ago because i definitely had that card for a while no that just shows a pattern of behavior which is also why we're i just want to give you an example listen this morning i bought some S &P 500 in my brokerage account, my Moo Moo brokerage account, it's the investing app I use.

54:41This year, it's done 20 % S &P 500 return, which is an incredible year. It averages about 10 % a year. The interest on this card alone is 27. You're even in one of the best, I think it's considered the best year so far this millennium of the S &P 500 performance at like 22 % or something like that, even maybe 24, no matter what, even with the best year this millennium, the interest on one credit card you have is worse than that that's how bad this is meaning no investment you ever make unless you get some random startup investment which basically no chance of that no investment you make will ever outweigh how bad this is for your money and then we have a car yeah oh a 21 400 balance on your income how in what world when did you get that what even is the car it's a 2019 honda crb i bought it used what was the purchase price when uh it was a couple years ago there's still 44 months remaining on it and you purchased it 12 years ago i'm gonna die i got a good interest rate on it i think you told me it was a good interest rate they told you it was a good interest rate i don't have an interest rate on here what is it I think it's 4.7%.

56:00That's not horrendous, but you have a balance you cannot afford with a minimum monthly payment. You cannot afford. This minimum monthly payment, again, is over an eighth of your good version of take-home pay after child support with your new job. Right now, it's almost a fourth.

56:20Right now, it's almost a fourth of your current income. This is crazy. I paid more when I got the car. What are you doing? Restaurant management. You might have to do that again. It's stressful. I don't care because you're stressed at looking into an account. So you need to choose to stress. And I think you might need to make more income and then also just not spend as much. $21 ,344 balance is insane for you. What's the car worth? I don't know. $17 ,000. So you're underwater by$4 ,000. Yikes. Yeah. It's actually not the worst, but it's still not great. Yeah. I had a smaller car that I traded in.

56:58But it's clear as day why you cannot afford this. Because, again, our mother passed due. Two accounts in a row. Yeah, that was because I thought that I could split it into two payments of the month. But that second payment came after the due date. It's as clear as day that you can just not afford this. You can't afford the last credit card. You don't know what you're able to afford. You don't know. You can't afford this. It is clear as I really need a bigger car because the car seats and everything. And I have two dogs. So if we go anywhere, you don't need. I think the dogs need to be washed. And I have two dogs.

57:39I love my would take them everywhere as well. But like we can't put getting evicted, you know, a potential eviction. If things go wrong, that's, you know, I think. It's OK to have a slightly smaller car, being able to take the kids everywhere still. Yeah, I think that's OK. if it avoids being evicted. Buddy, my parents had three kids and I fucking rode around in a small ass sedan my entire life. Cars are getting bigger and bigger and bigger. What did you think everyone has done forever? Even the cabins of trucks used to be like this big and they fit like six people in there before. A kid would sit in the middle up front and then three in the back.

58:17What are you talking about? This is not some unique thing. Well, at the time there were three adults. You are trying. you are trying to justify this and it is not going to work. You need to realize it is bad because you will try to justify it again in the future. This will feel too small and then you'll have to get a bigger one or something. You'll have to get a bigger place to live. The kids are growing. We did get a bigger place to live. We did get a bigger place to live when we lived here. And what's the total rent? $2 ,320.

58:48It's a third of your income. Is your half? My half. Yeah. If you didn't have a fiancé, you'd be done. you'd be done if i had my parents you didn't have your fiance oh you're right you're because because we're gonna rely on our parents instead of being responsible ever it's very cute so 538 minimum payment but of course we owe double that because we're behind a payment this is insane these are the acts of a child this is these are the because your parents have supported you forever through any time this is it is as clear as day that you just don't even not only do you not respect the dollar you just don't understand the dollar you are ignorant to the dollar you think you can afford so much more because you've never had to actually be responsible with money because your parents have just babied you forever i'm the baby i'm the youngest two brothers yeah you have kids so i don't give a i don't care anymore it's not about you anymore yeah it's not about you anymore did you start dating your fiance while your ex-husband was overseas No, it was like before he left.

59:59And it was just like. You were dating before he left still. So while you were with your husband, you were dating your current fiance. Yeah. They were friends. They were friends? After the fact, they were friends. Like everyone got along. So it was a good situation until he just didn't want to do it anymore. I'm sure he had a couple of fun evenings. No, never that. Oh, never mind. Poor guy. he really got the end of it kicked down didn't even get to have fun okay paypal credits only gone up great because we made a little over minimum monthly but it doesn't matter minimum is 57 paid 151 that's awesome congratulations that's a good job wonderful lovely i love it more than anything in the world oh but then you purchase 638 dollars 52 cents so it doesn't matter and then oh we're at the credit limit it's four thousand uh 36 dollars on here credit limit is four thousand one So you're at it with$17.73 of interest accruing.

1:01:03Wonderful. It takes 16 years to pay off without purchasing and doing the minimums. But you always purchase. That one's hard because the online shopping is. Apple bills, subscriptions, Apple bills, Apple bill. Yeah. Apple bill for Apple bills. That was. Target and Roge. That's Rogue. Oh, Rogue is a clothing brand. You get a discount. count look like an emo animal for the rest of your life I don't care an affliction collab that my store didn't get so I bought it off oh my gosh you just don't have money you don't have money why do you get this why do you think you deserve because you don't because your parents because your parents a lot of this comes down to your parents honestly I blame them for a lot of this it is 100 % your fault but it's an additional 15 % their fault what a joke It's f***ing.

1:01:53Because they destroyed your entire early adulthood. Oh, there's more and more Target and Target and Target. What are we getting from Target for$11.91? That was nail polish. I bought nail polish. What about all the other little purchases? Oh, the other ones were I was redecorating my room because my room was empty. Your room? Don't you have a fiance? Yeah, our room. Have her do it. She's the one with money. well it was does she know her fiance is literally underwater dramatically yeah she knows what is you guys even conversation about money do you does she know your financial situation well she sounds a lot like you when we're talking uh she's yeah you do nothing uh i yeah i get kind of defensive when i talk to her i like we have like an unbiased opinion on it unbiased you is what i I would say unbiasedly.

1:02:46Yeah. So you're being stupid with your spending. You've had missed payments this year so far on this card. Probably two. I don't think I missed. Yes, you have. Yep. Yes, you sure have this year. Absolutely. Or over the credit limit fees. I don't know, but you've had, well, it looks like two missed payment fees. So well done. You don't even know. So yeah, let's redecorate our room. We miss payments constantly and we're over and behind on our car and that gets behind enough and the car gets repoed. We lose the car. We can't get to work. Oh, no, we don't have money. See how this works? See how this works.

1:03:1930 % interest on here. What are we doing? What are we doing? So your fiance is right. She's right. Do you know her financial situation? She doesn't have any debt. She's smart with her. How are you guys going to get married? You're going to be an anchor. Well, that's also another reason why I'm not ready to get, like, officially married. Because I don't want to drag her down. And then some of the Target is also like buying toys for Christmas or for my kids. The Target say no to them. And then we have a separate Target card. Yeah. Well, you get 5 % if you use the Target card. What have we learned?

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1:04:37You can also sign up for our investing program and get$100 in cash deposited into your Moomoo account. This is the best way to learn what your investing profile looks like and what investing strategies to use based on that. All of this free money is linked in the resources section of the description below. So don't pass up the free money because I'll punch you. What have we learned? Percentages don't equal how much you lose. What do you think the interest rate on here is? No clue. 21. 27.65. so you're losing 22%. Is that worth it? No. No would be the answer. Correct. It takes six years to pay off.

1:05:15Even the small ass balance of$1 ,000 as far as credit cards go. Six years. It still takes six years to pay off. You have no idea the consequences of everything you have done. You have no idea. And that is why you are swiping with no fears. Welcome to the real world and what is actually happening. These numbers. and you'll never know unless your parents get you off. Oh, good. We're at the max. We're at the limit because the limit's$1 ,100. $38 minimum payment. Wonderful. They didn't give me much on that one. Nor should they. $26 of interest is accruing plus more, 80 cents.

1:05:56It's a lot of light fees on that one. You may have been late on every payment this year so far on this card. you may legitimately have been late on every payment this year so far on this card every month every month this year i mean i kind of have a reason that you go to starbucks every day your reason hey five days a week you go to starbucks eight dollars every time you go to starbucks congratulations that's 160 dollars to starbucks every month your minimum monthly payment is$38 you have no reason not a single reason of all but go ahead and try well it's so the payment date is on like the fourth and that's like right after rent so usually rent hits and I have to pay my half the rent and then I have no money you'll be pay early a budget figure out don't have more than a billion different accounts again a lot of the solutions involves you just Again, if you would have the money, the rent wouldn't take all the money.

1:07:03You would have extra money if you weren't spending$160 a month on Starbucks. Is that a crazy amount of money? No. But for your financial situation, it's obscene. It's obscene. You're missing every payment on this card this year so far. You did not get to have a little sweet treat. You already have an espresso and your fiance will buy you pods if you ask. yeah I should probably say yes if I ask is working in retail even smart for you you can't not spend money while you're in retail sounds like you're in a mall so you're just gonna be stopping swiping swiping you probably don't make it to your store without orgasming from swiping somewhere sorry yeah I mean it's really what I love to do though it's what you love to do that's your passion is shopping all year no not shopping but working in retail I don't care right now I don't care.

1:07:57Or you're working retail in a strip mall where you have to live on car dependence and misery. You'll have Target. Work at fucking Target in a strip mall. In a strip mall. Oh, like the little shopping center. Yes, we're middle-aged moms on benzos. They're just picking up random things to try to fulfill their empty lives. Yeah. Well, I mean, I try to save money on. You don't try to do anything. What are you talking about? Because I take my Stanley cups to work and I fill them with water so I don't have to buy water bottles anymore. Congratulations. You literally did the most basic thing that every human already does.

1:08:41Are we high fiving? Where's the big celebration? Where's confetti coming from the ceiling? If you buy the limited drop. Do we have fireworks set up for this occasion, guys? edition you can resell it for more and i have sold wait wait wait wait what are you telling me what are you telling me are you saying you buy stanley's ongoing you made it sound like you bought a stanley to not get water bottles what are you saying right now uh so i buy the stanley's that come out you buy ongoing and then i sell them if they're like a good drop how is there a good job what if they're not a good job then i keep them oh how often are you doing this i have how often well it depends on if the drop is going to be how often probably like every other month you can't afford this you can't afford life you don't understand you are pretending you make 130 000 hours a year that's how you're living i'd be afraid if you actually did make 130 000 because then you'd be spending like you make 250 i don't even know how I can bat that.

1:09:45That's just, just stop. Simply stop. Why have that risk? Just why have that risk? You are missing every payment on this card. I don't give a about a Stanley resale. I don't give a I don't give a I see you almost starting to talk, but I do not give a I don't. You are missing every payment this year so far on this target card. I don't give a about reselling a Stanley cup. It's as simple as that. I don't give a... I give a about your kids. How about that? So, $500 stolen from you and fees and interest this year so far on this card. So, across all the cards, what are we at? We're at... With fees and interest, we've lost $3 ,500 this year so far.

1:10:38Okay. So, now you've lost a month, an entire month of your new Brand new income plus child support. Gone. Taken from you. Obliterated. Destroyed. Ruins. Baylor Scott and White. $25. Why aren't we making a$25? What's wrong? Oh, so that's not the entire balance, is it? No, it is. No, no, no. Okay, sorry. That's my payment. Payment. So you got on a payment plan. Yeah. That's fine. I'm okay with getting on a medical payment plan when you need. So$25. It's for my psychiatrist. $300. So won't that just build forever? I don't really know how that works. I didn't used to get billed for it, and at some point they started billing me.

1:11:18Did your insurance change? Yeah, my dad's insurance changed. Well, that would probably be why. Yeah. Don't you think that would probably be why? Probably. Well, you said for some reason. I think that's a f***ing reason. Yeah. Okay. I'm here, too. Okay. How often do you go? To the psychiatrist? Once a month. Okay, how much does each visit? I think they're, well, they wanted me to pay$90 to go to my next one, so I didn't get to go. Sounds about right. Yeah. Cool. You're on your dad's health insurance? Yeah. You're not going to be in a couple years, so what does your work offer? I don't know what the new work offers.

1:11:54Ask. Yeah. I believe they offer. Maybe it's better for you. Maybe you get on a higher cost plan on a monthly basis, but it actually saves you more because you go in so often. But I'm okay with the medical payment thing. It's fine. I'm not against that. What I'm scared about is if you never pay your$90 in this, and it is always a$25 minimum payment, but we're adding$90 to it every time, it'll be an infinite debt that never gets paid off. And that I don't like. That is scary. We have an additional$556 out of the Baylor, Scott and Wayne. So what's this now? I got in a car accident. When? Like a month ago.

1:12:30It wasn't that bad, but I had to get an X for my neck, and that's what that was from. Are you on a monthly yet? I think that their insurance is supposed to pay for it. Okay, then I'm going to cross it off for now. Their insurance? Who's their insurance? The person who hit me. Oh, gotcha. I don't know how to send that to them, though. Is that all the debt? There's one more card. A Wells Fargo card. Did I misplace it? There's a lot of Wells Fargo accounts there. Oh, sh**. But, oh, there it is. I did misplace it. I didn't even know this one existed

1:13:10I actually have a reason why that one is Yeah you have a lot of reasons and they've all been bullshitting so far but go ahead So I did their hardship program I guess they closed the account I didn't know that's what they were going to do Yeah why would they trust you? And then I asked them to set up a auto payment for the minimum and I don't think they did it right because it hasn't been coming out. It looks like you're still on it. You're not getting consequences for not making a payment. But you are. No, yeah, no, you're past due. Past due$93. I even made the payment and it said that I was still past due.

1:13:48So I'm a little cunt. Well, you're probably past due a lot and you didn't make up the full amount. You were past due. Oh, over the credit limit? No, no, no. You may have been past due even more and you didn't fully make it up. But also the over the credit limit, yes.

1:14:04You're at 1 % interest. It's the hardship program. Yeah. No, you're lucky. Well, Targo's actually very nice for doing this to you because you're not necessarily. It was a college-backed cash card, so that was my first card. So maybe they're more forgiving of their hardship program. At this point, they just want their money back. Oh, for f***ing sake. Yeah, we've missed every payment this year so far. again plus$600 of interest accrued we're now at like$4 ,000 in interest which is over your better version of your income plus child support so it's all it's all about$4 ,250 now that's where we are a year has gone losing over a month of your better version of your future income or two months of your current You've lost two months of your current income.

1:15:00Two months of everything. All the hours you put in for two months are gone. In interest. That hurts. That's a lot of work. Yeah. Two months. If you didn't talk, you remind me of Billie Eilish with braces. And then you talk and then you don't. I just got my braces. Congratulations. Did you pay for them? Me and my mom pay for them. And it's a monthly payment. So that's a f***ing debt. Yeah. That is an additional debt. What do you pay towards it? I pay... And for how long? What's the balance? It was$7 ,000. And then me and my mom split the payments back and forth. Okay, so$3 ,500. What's the payment?

1:15:47I think it's$275. A month? And you pay it every other month? I pay it every other month. Let's break it down on a monthly basis then because you need to save for it on a monthly basis. It's the way you do it. So$137 a month. We didn't even know about this. They didn't even know about this. I did. I did. I have a dentist payment. You know it. Well, I don't know that. I think it's like a$97 a month. My gosh. Okay. You just got to start being a fucking adult, dude. And you're financing everything in your damn life. I have a dentist payment, too, because I had to get some fillings before I got my braces on.

1:16:22There's more debt. Okay. What? What? What's the balance? um it should have like 800 left on it minimum monthly uh it's two thirty two sixty a month for that one oh my what are you doing you get your minimum monthlies have to be at your income at this point i never add up the minimum monthlies this early you're unique a special snowflake you certainly act like it mommy and daddy no it's not your angle but we are at a crazy $1 ,530.69 on a monthly basis of minimums that's insane is that with rent too that's not with rent too I can't do math I said your debt minimum Oh, debt minimum. That's a lot of numbers going around.

1:17:21I'm not a numbers person. So, checking account. Let's see.

1:17:27Any other debt?

1:17:33Not that I can think of.

1:17:38$84.15 in our checking account is insane. You can almost make none of these payments, except for a couple small ones. and yet there's starbucks right there guys we got starbucks the same day that we overdrafted well done are you kidding me come on what a joke and then we door dash dollar general and target and we know it wasn't groceries more overdraft there it is because the verizon wireless So 444 came out. The f*** is Verizon where I was 444? The f***? Possibly. So I have three lines right now. That's mine, my fiance's and my ex-husband's. Your ex-f***ing husband? He got on his own. And then there's a few devices.

1:18:25So you do have more debts. You have more f***ing debts. What a joke. We're bouncing our checking account for devices. We're targeting Elmo Coffee and Starbucks, Chipotle, Oz Huntsberger, Uber, Uber, Uber, Uber, Uber. Bars, festival, bars, bars, bars, bars, bars, bars, bars, bars, bars. The trip to Vegas. Yeah, it was all money didn't have your f***ing overdrafting. I don't give a f***. Merch. Merch. Uber. Sorry, not sorry. Uber. Chart house. Famous pioneer. Auntie Anne's. Door dashing Taco Bell. Door dashing Taco Bell. Door dashing McDonald's. Starbucks. Zelling out$10. The firm payment. Door dashing Marco and Starbucks and Uber and going in and getting some energy drinks.

1:19:27Target. DoorDash McDonald's, BarkBox, you can't afford any f***ing subscription. Good luck. DoorDash Dollar Tree again. Moody, Moody, Violet Crown, Starbucks, Coca-Cola, Starbucks, Overdraft Protection. That way we can get our f***ing Coca-Cola and Starbucks and Starbucks and PayPal and Hot Topic. Oh, we have to get emo in every way possible. and Dutch Bros and Alta and DoorDashyDollar. And then Goodwill and McDonald's and JK Sweets. Starbucks Hot Topic. At the end, Dutch Bros, Zoomies. At the end, DoorDashyMcDonalds, Spotify, Circle K, getting some energy drinks. Zoomies. At the end, Zoomies.

1:20:18At the end, Zoomies. Yahoo Plus support. What the f*** are you, Yahoo Plus? Who even knew that existed? Only you. Auntie Anne's. Auntie Anne's. DoorDash. Yeah, working in the mall is dangerous. You can't stop going to Auntie Anne's. And then you're DoorDash on your way home instead of picking up McDonald's. DoorDash Marco. Slab cream from the mall. Cosmos. Popeye from the DoorDash. Not other subscription. DoorDash and McDonald's. Grand Donuts. Chick-fil-A. Starbucks. Spencer skips you can't work at the mall you can't work at the ball you can't come close to a mall you need to pretend that it's like a school and you're a predator you can't even come close to a mall you don't know what a mall you fuck taco bell starbucks bathroom body works and going in and getting an energy drink what the fuck was that checking account for someone that makes no money their debt is a third of their income on a minimum monthly basis they miss all payments on two credit carriers that are behind on a car payment what the possible have i just witnessed what a joke two kids well i adore so the door dash is when i'm at work because the mall food you have a food court right there you stop at the hands every second of your life in your door Garnashing McDonald's to the mall to the mall.

1:21:56You're Garnashing McDonald's to the mall. What are you? What in the possible even is that? So the mall food is really bad. People have gotten sick from there. People have gotten sick. You're making me sick. This checking account is sick. Your finances are sick. Your finances have cancer. Well, the anti-annas is also like drinks. because I get a couple of drinks so I'm there. But Auntie Anne's is - Shut the f*** up! Okay.

1:22:33I'm gonna - Yeah.

1:22:38One cent in savings! All that f***ing spending at the f***ing door dashing to the f***ing mall and we have one cent in savings? Bleep it! What mall? What mall? Oh. It's fine. It's fine. I've been. I've eaten. It's fine. At the food place. You can get a damn fucking cookie. You'll survive door dashing to the fucking mall. Stop it. Stop it. Stop it. I was going to set you down with one of our financial advisors that don't make money where they get free sessions and I'd get you a free session. But I'm not even going to look at that and they'll be like, what the fuck? This person's 13. This spending is the most insane, stupid thing ever.

1:23:20I didn't have Verizon and 450. I can't even set you up with helium. I can't even set you up with helium because you don't owe on your phones. Oh, because you owe on your phones. Yeah, I have the phones and then I have a tablet. No, you don't. Sell it. I still owe on it. Yeah, and you're selling it and you're putting as much to it as you can. Can I sell it when I sell it on it? Yes. Yes. So I have the other. Or just go back and try to give it. you can't return it but you can trade it in for just cash really? I don't know talk to them or sell it and pay more based on what you get so I had tried to switch to an android oh you tried to switch and that didn't work so I brought the phone back in time but I didn't bring the watch and the tablet back in time so I have a android tablet that I don't use which I could definitely probably sell that and are you okay?

1:24:16I'm looking for a budget I think maybe on the floor I just don't understand you've only made it this far for me I'm calling your mom in the post show I'm calling your mom and I'm not even asking permission I'm calling your mom what a joke I need to save you from yourself what a joke total income gotta be when are you starting your job probably two weeks 3850 oh boy you're half a rent yeah oh half of the rent is uh almost 1200 you pay anything towards utilities what i can you can't do anything you don't have any money all your debt just goes up so what are you talking about if i can 1530 69 cents for debt minimum monthly payments okay vroom vroom drive drive how much gas uh probably like 200 a month i have yeah you don't have a short commute and you probably take the f***ing toll road i don't good i learned my lesson yeah you did a lot of money okay car insurance car insurance is 157 you're lucky it's relatively cheap for you 150 goes to the collective tp fund for the household the other one can do more too but that's for nails that's for depression shirts that's for uh kids whatever yeah it's just spending for everything else you need phone bill well what is it now 370 well i have the subscription necessary food you're allowed to contribute to the household pile 450 should be fine your fiance if she contributes that you guys will get to enough for what is fine.

1:26:03Mommy will pay for it. $90 we need to get for our therapy on a monthly basis. Any other medical bills on a monthly basis? No. Other than the debt ones. Just the other ones. No subscriptions. Do you have any pets? I do have subscriptions. No you don't. You're canceling them for f*** sake. I don't give a f***. They're on my phone bill. Open your f***ing phone. Open your phone. Do you have any pets? Yes. I have two dogs. That's right Can your fiance get pet insurance for them Because you can't afford it And if you can't afford pet insurance in my opinion you can't afford a pet Yeah she can get it Because if they need a surgery how are you paying for it Let me see Well it's on my Verizon Let me see No no no no no Pull up your subscription on there I saw so many Apple Pays Oh

1:26:56You have a nice phone It's the 15. I just got it. Stop yourself. My old phone wasn't working anymore. Okay. Active subscriptions. Discord Nitro. $2.99. Cancel. Notably. Cancel. Peacock. Cancel. Pretty Up. All body edition. $34 a year. Cancel. You have Snapchat plus? You have Snapchat plus so that you can restart little whatever they're called. the little streaks cancel every subscription i'm not putting your budget have your fiance take care of get the pet insurance what are what is your what your your money literally if i were to look at where your money goes i would think you are 14 if i did not know you snapchat plus and shopping everything at the mall and hot topic and doordashing mcdonald's and food corp and drinks it anti-ands oh i'm raging okay guess what you're under by 300 because you need 4 147 dollars and 69 cents to make it on a monthly basis i gotta step away i'm gonna wrap this thing up i need to recoup i need to recoup and then we're gonna call your mom because i need to get you get out of her grasp and actually grow guess what because that's your new income and child support.

1:28:19You can't work retail. Go back into food. Figure it out. Or work two jobs and the fiance takes care of the kids. Whatever it is, you don't make enough money. You need to go make an additional$1 ,500 or your debt's never being paid off. It's as easy as that. I don't care if you love your job. You need to go make more money. And I know in Austin, you can go make more money in food. I know for a fact you can do that. We all know a million people who do that in Austin. So go ahead. You know, server, you'd make more money. You can make more money and you need to, whether it's keeping your job working and another job at the same time, in the evenings, or whatever, or you just need to go get a better job.

1:28:54Simply put, you do not make enough to live. Spending a budget, you overspent, times four, zero out of ten debt. I mean, it's basically as bad as you can get without, you don't have collections or anything, right? Basically as bad as you can get without IRS or collections debt, one out of ten, emergency fund, there's nothing there. It's one sentence, zero out of ten. Retirement, technically started, but basically nothing, one out of ten, real estate, zero out of ten, Hammer financial score rounded up. Point five out of ten. I'm going to call her mom right now in the post show, and I'm going to go take a breather.

1:29:22So make sure you join us there. But you can get all of our educational products, which we're going to set her through. She better take it. You can get it all together for 15 % off with our bundle. Make sure you check it out. I'll see you guys in the post show. I'm going to chug like 10 gallons of water. Bye. Almost kind of dreading calling your mom, but I know we have to. Hi, mom. Sabrina specifically says that she does not need to build any kind of savings because if anything bad in life were to happen, she can just live with you guys. Why? The mother of your grandkids currently has, hadn't actually, open debts.

1:29:55I thought she was pretty financially smart, so how are you going to get out of that, girl? To watch the Financial Audit post show, click the Join button below.