$530,000 Of Taylor Swift Debt | Financial Audit

Summary

Financial Audit Summary – "$530,000 Of Taylor Swift Debt"

Podcast: Financial Audit
Host: Caleb Hammer
Guest: Taylor, 31-year-old charge nurse from Austin, TX
Date: November 7, 2025

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Overview

This episode features Taylor, a single mom of four, recently divorced and living in Austin, Texas. She's facing a dire financial situation—over $85,000 in unsecured debt, a mortgage nearly 50% of her take-home pay, and a spending pattern riddled with missed payments and chronic overspending. The theme is a brutally honest, at-times confrontational audit of what brought Taylor to this position and the mindset traps keeping her there. Caleb’s approach is direct, often harsh, yet aimed to snap Taylor into necessary, immediate action.

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Major Discussion Points

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Taylor’s Background and Life Changes

• Taylor, 31, works as a charge nurse and takes home about $6,000/month (02:51).
• She recently finalized a divorce, shares 50/50 custody of four kids (ages 7, 5 twins, and 2), and is now solely responsible for her mortgage and other bills.
• She admits struggling to adapt to being financially independent for the first time in her adult life (17:17).

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Mortgage Crisis and Overspending Patterns

• Taylor is two months behind on her $3,000/month mortgage, attributing it partly to overspending—including spending nearly $1,000 on a purebred bulldog while already financially strained (05:05).
• Caleb is shocked:

  "You’re behind on your mortgage to purchase a dog. A dog. And you have children?" — Caleb (05:42)

• Taylor justifies the dog as a family need, referencing her own childhood, but Caleb calls this “irresponsible and disgusting.”
• The house is technically co-owned with her ex, but he is not helping pay the mortgage, although he covers other kid expenses.

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Financial Reality Check: Expenses & Debt Breakdown

• Taylor’s lifestyle has not adjusted to her new income; mortgage alone is ~50% of take-home, well above recommendations (23:24).
• Despite making $6,000/month, she routinely spends $1,100+ on non-essentials ("bullshit") and $400 eating out monthly, while missing key payments (32:27).
• She is missing or consistently late on nearly every debt obligation—including credit cards, IRS taxes, car payments, student loans, and miscellaneous consumer debt.
• Taylor’s credit report reflects missed and late payments, leading to escalating fees, interest charges, and damaged credit (43:23).

  "You've made your payment on time...you've been late this year EVERY MONTH...even with the guy for three months, you were late. No, you’ve always been a degenerate." — Caleb (42:59)

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The “Transition” Excuse & Avoidance Patterns

• Taylor repeatedly deflects blame to life transition, divorce, or being a single parent, insisting “it’s a work in progress” and “I’m learning” (29:10).
• Caleb rebuts, accusing her of using “endless transition” as an excuse for not acting:

  “You like–yeah. You can sit here and say the good talk. You’ve done nothing. So what is the point of saying all that when you won’t do it?” — Caleb (20:05)

• Taylor admits to number “blindness,” lack of a proper budget, and feeling overwhelmed to the point of financial paralysis.

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Child-Related Spending & Prioritization

• Most of her non-essential spending is justified as being for the kids—birthday parties, extracurriculars, treats, and gifts (25:14).
• Caleb points out much of this is excessive and self-serving, with her ex covering even more due to her inability to pay her share.

  “Your kids can no longer be an excuse for you putting things on credit. That just can't be. That's nasty.” — Caleb (55:03)

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Total Debt Picture—“Taylor Swift Debt”

Taylor’s financial obligations include:

• Mortgage: $3,000/mo, two months delinquent, co-owned with ex.
• Credit Cards: Over $7,000 on one, three more maxed out ($2,000+ on each), almost all with missed/late payments.
• Personal Loan: ~$3,300 for lawyer fees from the divorce.
• Car Loan: ~$26,700 remaining on a 2022 Chevy Traverse (worth ~$20,000), payment $518/mo.
• Car Repairs, Home Security System: Financed, maxed out, with minimum payments and fees accruing.
• Student Loans:
  • Federal: ~$34,800 in forbearance (interest accruing),
  • Private: ~$3,800 past due, 8% interest.
• IRS Debt: $3,000+ owed due to previous joint filing; failed payment plan.
• No Emergency Fund or Meaningful Retirement—just ~$1,700 in an IRA.

Total unsecured/bad debt: $85,000+ (92:04).

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Mindset, Upbringing, and Accountability

• Taylor acknowledges old habits: “I have always had someone to back me up... I was not a responsible financial partner,” blaming financial upbringing and codependency (70:03).
• Caleb is scathing:

  “You are not a responsible person.” (70:19)

• She repeats that she’s never learned to budget or prioritize, despite having months since the divorce finalization.

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Planning and Solutions

• Caleb calculates that Taylor needs to earn ~$2,000 extra per month to have any chance of stability, suggesting more nursing shifts or side hustles (92:13).
• A bare-bones “sacrifice budget” is presented, slashing all non-essentials, killing subscriptions, extra-curriculars, and discretionary spending for at least five years.
• The plan:
  1. Stabilize the mortgage and get current
  2. Make minimum debt payments on everything else
  3. Eliminate “bullshit” spending
  4. Increase income and work all possible extra hours
  5. Once out of crisis mode, transition to a 50/25/25 budget (needs/fun/investing)

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Notable Quotes & Memorable Moments

• On the dog purchase:

  "You’re behind on your mortgage to purchase a dog. A dog. And you have children?" — [05:42] Caleb

• On misallocating funds:

  “You spent $400 going out to eat instead of making a credit card payment. The fact that this is your first time [missing a payment] is even worse because it means you're going down.” — [40:21] Caleb

• On accountability:

  “I'm asking, are you trying to get someone else in to help split the bill?” — [16:26] Caleb
  "No, I'm taking time for myself." — [16:29] Taylor

• On budgeting excuses:

  "Seven months is a lot of time. You’ve had seven months to make seven budgets and adjust. Your first two, your first three will not be perfect, but you get closer every single month." — [30:09] Caleb

• On passing off responsibility:

  “Every time there's anything you fall back on... ‘kids, my kids, my kids’ ... Shut up with it. It's obnoxious.” — [71:04] Caleb

• On justifying gifts for the kids:

  “You're getting selfish joy from that as well.” — [25:21] Caleb

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Key Timestamps by Topic

• Intro, Nursing Stereotypes: [00:00–02:26]
• Mortgage Trouble, Dog Purchase: [03:26–06:59]
• Divorce and Household Adjustments: [13:11–17:17]
• Excuse-Loop and Transitioning: [17:41–21:08]; [29:10–30:23]
• Full Debt Breakdown: [32:27–55:03]
• Budget Fails, Spending Patterns: [55:03–88:46]
• Sacrifice Budget & Recovery Plan: [89:20–92:04]
• Hammer Financial Score & Wrap Up: [92:04–end]

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Conclusion & Tone

This episode is a no-holds-barred intervention. Caleb calls out every form of rationalization—from “transition periods” to “doing it for the kids”—with a persistent emphasis on concrete numbers and personal accountability. The tone is harsh but ultimately in service of forcing a reality check. Taylor leaves with a clear (if daunting) path: cut spending to the bone, increase income, and rebuild her financial life—with zero excuses left.

Memorable final quote:

“You have 86,300 of bad debt. It’s going to be a five-year process. But your kids are going to live a great childhood, and you will finally be independent.” — Caleb (92:30)

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Hammer Financial Score: 1/10

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For anyone struggling with similar situations, the message is clear: You can’t out-earn bad financial habits, and endless 'transition' isn't a plan. Face the numbers, make a plan, act now.

Transcript

[A]

To watch episodes of Financial Audit a week earlier. Check us out on YouTube.

[B]

I have never got to grieve my divorce.

[A]

Who chose to divorce?

[B]

I did. Kids are.

[A]

I do. It is math. It is numbers. I make budgets. It's not math.

[B]

You can't just label like, oh, it costs ten grand a year for each kid.

[A]

I don't do that. I budget based on the household. Have you ever watched the show or. Or are you just a moron?

[C]

Oh, no.

[A]

Taylor Swift shop you. We've been getting a ton of people asking us to extend the deadline for the dollar wise launch. So you know what? I'm gonna give it to you starting now. You can still sign up for a three day free trial for dollarwise, but hurry. We're ending the promotion at midnight on October 31st. Click the link and start your free trial today.

[B]

Hi, I'm Taylor. I'm 31 years old and I'm from Austin, Texas and this is Financial Audit.

[A]

Thanks for coming into the studio. Rare that we get locals these days. What do you do here in Austin, Texas?

[B]

I am a charge nurse at a hospital.

[A]

You look like a nurse. You got nurse vibes. You're like nurse classic. Yeah, well, more of like the mean mental institution nurse.

[B]

Okay, so let's talk about that. Cause I got a bone to pick.

[A]

With you for mean mental.

[B]

I watched one of your episodes where you generalize nurses as mean.

[A]

And well, I think everyone thinks nurses are mean. I have a nurse mother and she's not mean. But I think everyone generalizes nurses as. I mean, they're very mean to each other. They're very catty. There's always drama at the hospital.

[B]

I am here and no one likes.

[A]

The needle they get stick stuck with. Anyway.

[B]

Understandable. But I am here to just clear the air as a nice nurse and nurses I work with that not all nurses are mean.

[A]

Not all nurses are mean.

[B]

There are nice nurses. Just admit it.

[A]

Oh yeah. But stereotypes are stereotypes for a reason. Of course there's nice nurses. Absolutely true. And I'm not going to go into other stereotypes because it would get me canceled that not everyone does certain things fair. But they exist for a reason.

[B]

True. Okay.

[A]

I like mayonnaise. Is mayonnaise an instrument? Not all white people like mayonnaise. Nurses are okay. I mean, again, my mom's nervous. Not really. I'm kidding. Kind of to a certain point.

[B]

I hope so. I hope you love your mom. She probably works very hard, isn't it?

[A]

And she does. And I highly encourage her. And we're hard workers. Well, I respect the out of it because she went back to school, you know, and did lots of nighttime school when I was growing up to kind of get us out of that lower middle class, on the verge of poverty and losing a house thing. So I love it. But. Okay, you're a nurse. Nurses do make decent money and it is more recession resistant, not recession proof. But being in a large city certainly helps. Like Austin, Texas. How much do you make?

[B]

I make take home about six grand a month.

[A]

Okay. How you doing in Austin on six grand a month? Not bad. Listen, cost of living compared to most places in the country has actually gone down.

[B]

Yes.

[A]

In Austin, Texas, because we actually build housing. Who. Who would have thought the fact of just allowing developers to build housing is really the only solution you need. You don't need all these performative policies that sound like they're going to do well and then never actually work in any historical context. Blows my mind. How you doing in that 6,000?

[B]

I'm doing fairly well, but I will.

[A]

Really because I literally have like a past due payment on my like first document. I like, I don't even know what it is. It's just highlighted in bright red. Past due. I don't even. I don't even know what the document is yet. But that's. It's immediate. It's like glaring to me here. So that's doing well. I don't know if I want the person who's supposed to be drawing my blood stressed about being past due on something. What it. What is this?

[C]

This is a mortgage.

[B]

Yeah.

[C]

Mortgage. You passed on your house. Oh, dude.

[A]

I definitely don't want you to be the one with the needle near me if you're fearing.

[B]

Okay. Have nothing to do with my money.

[A]

Everyone's working gets a little more. The. There is energy is brought to every aspect of life. If there is stress, especially like losing a house. Yeah. That comes to you to work. That comes to you in relationships. That comes to you with everything. What the. You're doing okay.

[C]

What. What are you behind a.

[A]

A mortgage? I. I wouldn't tell.

[B]

I wouldn't tell you I'm doing okay.

[A]

If I was buying on a mortgage.

[B]

There needs to be adjustments made.

[A]

But how is that doing okay? I don't think that's doing okay. If adjustments need to be made. If adjustments were made and things are doing well, that would be you doing okay. I don't think you're doing okay.

[B]

Recent changes in lifestyle that needed to happen that I'm having a hard time.

[A]

Adjusting because you won't and whatever. Okay.

[B]

Not wrong, but yes, I. Oh, my.

[A]

Colton, if what you just texted me is true.

[B]

Oh, here it comes.

[A]

This is.

[B]

I know exactly what you're about to say.

[A]

You're behind in your mortgage to purchase a dog. A dog.

[B]

Mm.

[A]

And I love dogs. I don't lose my house because of that. What the.

[B]

I'm gonna lose my house. Okay?

[A]

It's. I got this now. People do every day.

[B]

Okay. Yes.

[A]

Tens of thousands a year.

[B]

I.

[C]

What is wrong with you? A dog instead of your mortgage.

[B]

I wanted a dog. I wanted.

[A]

I want a thousand dogs. You're talking to the person who loves dogs more than.

[B]

Basically, I have passed up, okay? I have passed up on five dogs, okay? I grew up with dogs my whole life.

[C]

Oh, no.

[B]

I've got kids. I want them to grow up with dogs.

[A]

Do you have children?

[B]

I do have children.

[A]

You're behind on your mortgage payment for a dog, and you have children?

[B]

I do.

[A]

What is wrong with you? You beast. You nursing beast.

[C]

Oh, why?

[A]

Dude?

[C]

What the Is wrong?

[B]

I want them to have the experience growing up with a dog.

[A]

Want child. Child, mother, child. How old are you? Well, okay. I'm here. More than one kid. How many kids? And what are their ages?

[B]

I have four children. They are. Oh.

[C]

What is wrong with you?

[B]

Okay, four kids.

[A]

Not bad having that many kids but.

[C]

Not paying your mortgage for a dog.

[A]

While having four children. Ew.

[B]

Seven, Five. Five, and two.

[C]

Oh.

[A]

Were the five year olds twins?

[B]

Yeah, twins.

[A]

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[C]

Oh, dude.

[A]

What are you doing?

[B]

Yes.

[A]

What are you doing? And either way, you could have gotten a dog with us winning trillions of dollars missing a payment. Have you ever heard of Austin Pets Alive or the Austin Animal Shelter?

[B]

I have, but I have a. Okay. I think that people.

[A]

You're greedy.

[B]

No, I think that people that adopt dogs are fabulous. It would never be a good fit for me and my family. And I'm going to tell you why.

[A]

My. Yeah, I'm gonna need to hear a really good reason.

[B]

My sister. There's a little bit of trauma there. My sister had adopted a dog who had.

[A]

Does your sister live with you?

[B]

She does not live with me.

[A]

Die.

[B]

Okay. She had a dog that lunged at my child a couple of times.

[A]

That is not because of a shelter dog. That is lack of training. That is not laundry.

[B]

It's not lack of training. She paid for a dog.

[A]

Then that is a bad dog.

[B]

It was a bad dog.

[A]

You can, like, test out dogs.

[B]

Dog was put down.

[A]

You can test.

[B]

Dog is no longer alive. I don't want to go through the emotional trauma. You can test out dogs to have. Okay, you could, I suppose, but it's.

[A]

Before I got my second dog.

[B]

I have too many children that are too young. I cannot.

[A]

I don't know if you know that. So, like, I don't care. Like, that is what you did.

[B]

It is what I did.

[A]

You enjoyed the pleasure of it and then you pooped them out. That's what happens. That is math.

[B]

How that happens.

[A]

But sure, that is math. Not math. That is. That is human nature, biology. That. No, it's math. It's not penis vagina.

[B]

Couldn't plan for the twins. That was a twofer deal. Couldn't help that. That just happened.

[A]

Yeah, but you know, they're coming after a bit.

[B]

I mean. Yeah, but like, how does one wrap their brain around? Listen, it's a lot. It's a lot. Just admit it's a lot.

[A]

What, twins?

[B]

Yeah.

[A]

No.

[B]

Okay. Thank you.

[A]

Who wouldn't say that? I don't know what you're talking about. Okay, listen. I was going to the Austin Animal shelter decently before adopting my dog pair. I didn't get her through the animal shelter. She was being fostered and I met her at a bar. But it was a similar thing essentially as like an Austin animal Shelter but going through the process at the Austin animal shelter a couple years ago, they'll let you, if I'm not mistaken, like take them home, see how the dog is. Because obviously that dog of the trauma that is surrounding it is obviously. First of all, if there was an actual dog trauma, it'd be trauma associated with all dogs. Not the Austin animals. Shout their off with that. That is an actual phobia that people deal with. You're making excuses for being selfish and purchasing a dog and you can purchase a dog. I don't personally give a. When gets their dog. I like adopting. I also like purchasing. I don't give a. Just get dogs. Dogs are incredible. Same with cats. Same with every animal. I want a pet cow if I can have one. Either way, if I'm not mistaken, you can take. Take them, test them home. Test them at home, test them for a while. You can take them around the yard. You can do a lot of things with the dogs before you commit to a full on adoption.

[B]

Yeah. It was not.

[A]

Which you could have done before missing your mortgage payment, which is the big thing here. You missed your mortgage payment for a.

[B]

Dog not to do it in.

[A]

Well, yes, cuz it's a dumb decision. Dumbass.

[B]

I know it was. It was not great. And I had immediate dog.

[A]

Did you get.

[B]

You want to see a picture of her?

[A]

No. Just tell me what dog you got.

[B]

Come on. You want to see a picture of her? She's okay.

[A]

Picture of her? Sure.

[B]

She's 3/4 bulldog and she's 1/4 beagle and her name is Clover.

[A]

You paid money for bulldog?

[B]

Yeah, of course I did. Bulldogs are amazing. What do you mean you paid money for. Of course I paid money for a bulldog. She's adorable.

[A]

That's usually what's at the Austin Animal Shelter in Austin.

[B]

Bulldogs a lot. I never have seen bulldogs.

[A]

Pit bulls.

[B]

Pit bulls, that's different.

[A]

Sorry. You were right.

[B]

Okay, so this, this is her. She's a great gal.

[A]

Yeah, looks like. Honestly looks like half the dogs at the shelter. That's fine. I don't. She's cute. Okay, but they're all cute too. I'm not saying that's not an insult. It's not a bad thing. There's nothing unique there. You know, I usually think of like a white haired golden retriever or something. I don't know.

[B]

Yeah, but people aren't giving up their golden retrievers and putting them in pounds. They're giving up pit bulls that are questionable to bring home.

[A]

It's not only pit bulls. There's also pit mixes, and there's lots of non pitbulls as well there. I've seen golden retrievers there at the shelter. They go very quickly, but I have seen it.

[B]

I have to say.

[A]

They go very quickly.

[B]

You don't see puppies.

[A]

You do.

[B]

You don't see labs.

[A]

There is a puppy row. There's a puppy row. Absolutely. You've never been.

[B]

Puppies are on death row.

[A]

You've never been.

[B]

Puppies are on death row. People are.

[A]

There is a puppy row. There's an entire hallway at the Austin animal shelter that is puppies and rabbits.

[B]

I admit, I've never been.

[A]

Yeah, you like? What are you talking about? How can you make an argument of something you've never even been to? I've been there like a dozen times, minimum.

[B]

Mm. I've lived in Austin. Well, on and off on Austin. I've lived in Austin.

[A]

But haven't gone.

[B]

No, I haven't gone.

[A]

Shut the up then. I don't give a. This is selfish. How much did you spend?

[B]

$950.

[A]

What? And that made you miss your mortgage? That doesn't make any sense. Your past due. 6,037. Well, you're past due. Two months. This wasn't the dog. I mean, the dog was a dumb decision that obviously went in to you.

[B]

It was the decision that put me over.

[A]

No, you.

[B]

No, no.

[A]

Two months in a row. Two months in a. Two months in a row. 2 months. 2 months from a $900 dog. That doesn't make sense. That doesn't make sense. What are you talking about? Kind of mother. Are you.

[B]

There's bad.

[A]

Is that bad habits? Bad mother?

[B]

No, not a bad mother.

[A]

You're two months behind on your mortgage, the roof over your children's house. You. What else do you think that is? What are you talking about?

[B]

There were. There were, like I said, a lot of things that had happened in the past year. I've gone through a lot of life changes where everyone does.

[A]

Life changes every day. What are we going to do? You make the money. You have the money.

[B]

I do have the money. The math is there.

[A]

Honestly, the math does kind of suck. It's 50% of your income, so. No, not really. You have way more mortgage than you should have, but.

[B]

And when you have a partner who's equally contributing to that, it's a hard adjustment to come from.

[A]

You broke up?

[B]

No, I got divorced. I finalized my divorce in January.

[A]

You guys live together?

[B]

No, not anymore.

[A]

You broke up?

[B]

Well, okay.

[A]

That's what I said. Okay, yeah, divorce. Okay, whatever. Same thing. You lost the second part of it.

[B]

I break up as a boyfriend, a divorce, as a husband.

[A]

Different. Well, sure, but it is still like not having that income. Is he on the mortgage?

[B]

He is on the mortgage.

[A]

Well, there you go. So that should be okay. He should be providing towards.

[B]

He is not providing to you.

[A]

He should be giving child support.

[B]

He is, in a way.

[A]

What.

[B]

So we are true. 50, 50 custody. And I had agreed to not take child support from him because we were splitting everything down the middle.

[A]

You have 50, 50 custody?

[B]

We do. We split everything very well. You get child support then you shouldn't. I didn't think it was the right thing.

[A]

Equal is paying kind of the mortgage to a certain point, especially if he's on it.

[B]

So we split all of our children's school expenses, extracurricular activities, doctor visits, things like that.

[A]

Yeah, that's good.

[B]

When it comes to our.

[A]

Wait, you just broke up with another dude?

[B]

Well, he was someone else. I was dating him while I was going through my divorce.

[A]

Yeah, boy. He just broke up with him. What do you mean? Are you flying through?

[B]

No, no.

[A]

I'm confused. No, no.

[B]

Okay. Divorce was initiated in March of 2024. It was finalized this past January. We had been separated.

[A]

Why so long, so messy?

[B]

Because it fights. We didn't agree always on the terms. Like, okay, so it did have to go back through the lawyers a couple times, which cost me $6.

[A]

Oh, you wanna get another dog too? That's great. You already have four children, a dog you can't afford, a household you're not paying for, going through men like it's candy. Like, what are we doing? And you wanna get another dog? What the. Just settle for a second. Calm the down for a second.

[B]

Dude, life has been chaos. I've lived my life in chaos and I don't know how to settle down.

[A]

It hasn't worked.

[B]

It hasn't worked. You're free.

[A]

So stop.

[B]

I would love to know how.

[A]

Okay, don't get another dog. There you go. I saw.

[B]

I don't have the other dog.

[A]

I know, but you're considering it. And that would be more chaos. Don't. Don't.

[B]

I'm not gonna do it.

[A]

Don't bullsh t. You're considering it. You're wanting it off.

[B]

I'm not gonna do it.

[A]

That was a terrifying noise.

[B]

Well, it's how I feel.

[A]

What? When you don't get a new thing that you want?

[B]

Yeah, I get frustrated.

[A]

So when did you just break up with this dude? Was he helping to pay the Mort luggage? Were you Guys living together.

[B]

We were living together.

[A]

Okay, so he was helping to pay the bills.

[B]

He was contributing.

[A]

What'd you guys break up?

[B]

We broke up in March of this year.

[A]

What, so you're just trying to go get another one in there so that he can help pay the bills? Like I don't know how. 50% go into your mortgage is insanity.

[B]

My entire adult life, I have always had a financial partner to help me split the responsibility. First time in my life that I have had to do this.

[A]

I'm asking, are you trying to get someone else in to help split the bill?

[B]

No, I'm taking time for myself.

[A]

Taking time for yourself, but paying over 50% to your mortgage? And now you're missing two months.

[B]

There's an adjustment that needs to happen.

[A]

Adjustment? We're talking on the third month of about to be missed payments that we're well into. Adjustment. Also, March is a while ago.

[B]

March. So there was a loan modification that happened on the mortgage.

[A]

Why?

[B]

The year that we were going through the divorce. March of 2024 through the end of 2024.

[A]

You said this year. You broke up with the dude in March.

[B]

That was the boyfriend. I'm talking about the husband.

[A]

So you've been independent for a while. So what is this adjustment? You need a whole year to adjust. What is wrong with you?

[B]

I have not been independent for a while. I've been independ. March of this year. March.

[A]

March. March is a while ago.

[C]

That long ago?

[A]

Yes, it absolutely is, dude. I adjusted things within a week or two.

[B]

Okay, great.

[A]

What is wrong with you? I don't have kids, but this doesn't take a year to adjust a budget. Write it down, look at it. See where. How much money you have, what money needs to go up. Expenses are expensive, but if you write it down, see how much money needs to go on, how much money is coming in, you at least know what's going on, and you can start making adjustments. If you're telling me it takes a year, that's you being an irresponsible mother. Because the kids rely on having a roof over their head and food on the table. You.

[B]

It's a work in progress.

[A]

No.

[B]

Yes.

[A]

No. No. It's. It's literally not in progress, is the thing.

[B]

It is.

[A]

Because you're like, it's in March. I'm going through a transition. Oh, my goodness.

[B]

It is a transition.

[A]

I went through such a hard little breakup in a divorce, and I got kids, so I just really don't have to do anything. And I'll just call it an endless transition. Forever. That's. That's what you're doing.

[B]

There are bad habits that need to be broken. Yes.

[A]

Need to be broken. Need to be broken. Need to be broken. It's a work in progress. Work in progress. Work in progress. You. None of it's being done. It needs to. Maybe it should have. In progress. There's no progress. What are you talking about? These endless future like statements and words you're using. The progress means it's the future. Needs to be fixed, needs to be stopped. It's the future. Nothing's now. Nothing's been done since March. You're an irresponsible person. Everyone else who comes on the show. This isn't a groundbreaking thing. This isn't a groundbreaking thing. We know what comes in. How much went out last month?

[B]

Probably all of it in bills.

[A]

$10,000.

[B]

Jesus.

[A]

Yeah. Transition. You transition.

[B]

I thought I'd be caught up by now.

[A]

Well, when you don't actually do that transition and fix the things that need to be fixed, in what world would you be caught up by now? That doesn't make sense. There is no caught up by now.

[B]

Well, when I got the dog, I was thinking that it wouldn't take me this long to get back on Track.

[A]

It was $900 for a $3,000 mortgage, of which you're two months about to be three months behind.

[B]

And there's definitely an adjustment that I'm in the progress of making. Adjustment?

[A]

Adjustment. Adjustment what?

[B]

The adjustment of knowing how much I have to cut out. Like, what lifestyle I can no longer have.

[A]

If you wrote it down, you would know.

[B]

I mean, I write down my bills, but.

[A]

You write down your bills, but not how much money needs to go from where to what, when, how. All this stuff, a proper budget, just writing down your bills. You're like, all right, I wrote down the bills. Job done. What? Like, what is that? What does that accomplish?

[B]

There's a number blindness to it, for sure.

[A]

Well, yes, I am blind to things I don't see when I don't look at them. Of course. No.

[B]

Yeah. So it's like I'm wanting to keep up with the Joneses like I was when I was married and had a financial partner. But I'm realizing that that's not doable. Like, I can't do that. I have to make sacrifices, and I want.

[A]

Listen, I hear you. That all sounds so good. You sound so reasonable. You said it's been since March. You know what you want to do. You've done nothing. You like? Yeah. You can sit here and say the good talk. That's the good talk. What you just did, you've done nothing. You've done nothing. So what is the point of saying all that when you won't do it?

[B]

I guess that's why I'm here. I need the tough love.

[A]

Do you feel like you need to compete with your exes, with the kid? Like, what are you trying to do, keep it with the Joneses? Is it endlessly performing the, oh, I'm the better one? I ended up.

[B]

It's not about that. I think it's about, like, fomo. It's like, fear of missing out. Like, I want to do the things that my friends are doing.

[A]

How about missing out on having a roof over your kid's head? That would be a pretty big miss out.

[B]

Would be. You're right.

[A]

You want to join the club? Downtown on 6th Street? Swinging machetes aren't very nice here.

[B]

No, I. But I had confidence in myself that I was going to get back on track. I just didn't anticipate and crunch the n to see the length of time that that would actually take. And now I'm. I've made my bed. I'm laying in it.

[A]

Like, I'm seeing seven months of those breakups.

[B]

Seven months since the breakup, like, off.

[A]

Like, I don't know. I. I can't take that.

[B]

I also was not always making this much money as I am now. I came into this new charge nurse role very recently.

[A]

Okay.

[B]

Which came with a third party.

[A]

And you started making this much money. Well, that doesn't matter anyway. You overspent by 3,000 hours, so. What are you talking about?

[B]

Spend two months since I came into the role.

[A]

Well, you're still overspending. What were you bringing home at that point?

[B]

I mean, I was only making, like, $2 less than I'm making now an hour. So whatever that math is, Okay.

[A]

I mean, it's. It's decent, but make a break. I mean, you can still budget, but when you have an expensive mortgage on. That doesn't really make sense. Now, you know, you got the house and the divorce, but his name is still on the deed. I'm being told you use it as leverage.

[B]

Not on the deed. He's on the bank notes.

[A]

On the bank note. And I'm being told you use it as leverage.

[B]

Like, in what way leverage?

[A]

Like, you told Colton that if it'll his credit if things aren't paid. So if he's not giving money or doing certain things, you hold it over him.

[B]

He has a financial interest in this because.

[A]

Exactly. Meaning you can hold it over his head as leverage when he doesn't do what you want.

[B]

He does a lot for me and he does help me with the kids. And I'm not.

[A]

Tell Colton. You specifically do that.

[B]

Do what?

[A]

I love when people change their tune on camera to look good. Yes. The perfect mother.

[B]

Mm. I'm a great mother.

[A]

Why would you tell the producer that you do and I change your tune on camera.

[B]

His name is on the banknote. He does have interest in the house. I would not hold that over his head.

[A]

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[B]

No, I don't.

[A]

Uh huh.

[B]

He's helping me a lot with my kids A lot. Currently in the state that I am in, I am not able to provide my half of the things that the kids are doing. And he's taking that hit right now for me. He's paying the full amount.

[A]

What's the budget for the kids? What needs to go for the kids? What needs to be spent for the kids? Obviously groceries, obviously. School supplies here and there. But what else outside of that?

[B]

My son plays baseball.

[A]

Okay. That's seasonal.

[B]

We seasonal. So it was like $120 for the season.

[A]

What the. You make $6,000 a month. Even with the $3,000 mortgage. That does not make or break you, especially if you're splitting it 50. 50. What is wrong with you? You're complaining about that when they have like, that is what you're saying.

[B]

Birthday parties and going on at school and their Halloween costumes. You know, Halloween costumes are like, like $60 a pop. My kids are tiny.

[A]

But even still, once a year that can be budgeted into your to your money. These numbers are not make or break for you. They're not. But you're acting like they are mostly because of some kind of lifestyle you're likely living for yourself, if we're being honest.

[B]

And I think, I think just for me personally, like, I grew up and.

[A]

You'Re making your ex pay for your daughter's birthday party because.

[B]

Because I can't pay the half of it right now.

[A]

Which, by the way, doubt. I mean, if you just cut back on the spending you're choosing to do for yourself, you could, but it's not.

[B]

I wouldn't even say that it's all for me. It's really for a lot of it is for my kids. I'm trying to give them the life that I didn't get to have growing up.

[A]

Off. We'll go through that. Come on. You're getting selfish joy from that as well.

[B]

Maybe slightly, but absolutely in the human.

[A]

Psychology, 100% when it comes to gifts.

[B]

The numbers are not the same. Like, what I spend on myself is not nearly what I spent on my kids. Not even close. Not even close.

[A]

Oh, we'll see. We got the numbers.

[B]

Okay, they're in front of you.

[A]

What do you think your financial score is? 0 to 10, 0 being the worst, 10 being the best, like a 2. If you want your financial score, take the assessment. It is free to take. At calebhammer.com, you can see where you need to improve where you're already doing. Okay. And if you don't want to be like a guest who ends up on the show, make sure you download the new and improved dollar wise budgeting app. Lots of features being added. It is absolutely incredible. The new reviews are showing just how amazing it is. Dollarwise app. And also, you know, sign up for the annual version if you want to save a lot of money after you take the free trial. And when you do, I will personally sign my budget friendly cookbook, mail it directly to you, only available for the next couple months and then it goes away. So make sure you take advantage of that now. Dollar wise.app links in the description below. So, yeah, you know, something that your kids might want is a house first document. Again, let's put it down. You're talking about these priorities and life experiences that you didn't get to have that they want to have. What about not losing a house?

[B]

I would never.

[A]

That's not your choice. 100%. If it comes down to it, living the lifestyle you live today, it is not your choice if the bank takes it away. It's your choice to do the.

[B]

It would never get to that point.

[A]

No, I don't believe you. It gets to that point constantly for people all across this country. It would never happen. It will never happen to me. For everything. Car crashes, whatever. Anything and everything. We all think it'll never happen to us. You are about to be three months behind. This makes no sense. How you can just sit here and be like, that will not be me. How can you say that?

[B]

It is.

[A]

How can you say it?

[B]

It is a really rough adjustment coming from not having contributional income from a partner.

[A]

Seven months.

[B]

That is everyone I talk to. That is an astronomically high mortgage. Most people are not paying three grand a month.

[A]

It actually is. You probably shouldn't have it in the divorce. I don't know if I would have kept it in your income situation.

[B]

He didn't want it and I didn't want it.

[A]

Yeah, but maybe we sell it.

[B]

This there. That wasn't an option.

[A]

Why?

[B]

Because the realtor told us that we would have to bring a check to. Closing the house is only a year. It was only a year old.

[A]

The time still might be more reasonable than losing than you 60 grand. Than you losing a house and getting zero.

[B]

Where was 50 or 60 grand going to come from?

[A]

Well, 50 or 60 grand. I, I, I don't know, but I would have come to an agreement where, okay, if he's on the mortgage and we're not going to sell it, he has to at least provide maybe a fourth or a third to help subsidize.

[B]

He doesn't have it. I don't have it.

[A]

Well, then you guys shouldn't have got the house together. If you both don't have it together, then you. This was dumb decision and you will face the consequences.

[B]

Neither one of us can afford.

[A]

He doesn't have it. If he provides fourth and you provide two third. Three fourths.

[B]

Yeah, I guess that. Yeah, yeah.

[A]

I mean, you can't do this.

[B]

No, I can do it.

[A]

It's over with this percent of your income.

[B]

I can do it with discipline that.

[A]

I haven't done in seven months because it's an endless transition. I'm going to be 50 years, 50 years old and say, guys, I'm Just going through a transition period. No, transition usually have an end. You're just in an endless metamorphosis.

[B]

Ending it now.

[A]

No, you're okay.

[B]

Great.

[A]

Oh, you're on the show. So now I'm gonna say what's good. Hey, I'm ending right now means nothing. You have no behavior that has led up to this that would suggest you're going to leave it after this. This is. I. I need to implement a rule. Cuz I swear, everyone comes on, they do absolutely nothing. Then they say here and they're like, I'm changing it today. It's perfect. There's no proof that I will do it or stick to it. I'm doing it right now. Like, you can't just say that to get out of any kind of pushback about how you've been living your life, even yesterday.

[B]

But you have to admit that when you do have a partner your entire adult life. Oh, who contributes kids. Like when you lose.

[A]

Totally agree. It's been seven months off.

[B]

Seven months is not a lot of time.

[A]

Seven months is a lot of time.

[B]

When you have kids.

[A]

Seven months is a lot of time.

[B]

To make seven individual budgets are.

[A]

I do. It is math. It is numbers. I make budgets. It's not math. Okay, kid, the numbers around kids are not math.

[B]

You can't just label like, oh, it costs ten grand a year for each kid and like, whatever.

[A]

I don't do that. I budget based on the household. Have you ever watched the show or are you just a moron? I know everyone that comes on the show watches the show. So you're either just a dumb sitting here trying to make an argument that doesn't exist. You're trying to fight an argument that I've never made.

[B]

I've seen like three episodes of your show. I didn't even know really the show until my friend told me about it.

[A]

Okay, you've seen three episodes. I think you've seen a decent amount of the show.

[B]

Yeah.

[A]

Doesn't change that much.

[B]

Kids and what they cost fluctuates on numbers and fluctuates.

[A]

And guess what? You put that in budgets.

[B]

Yeah.

[A]

You've had seven months to make seven budgets and adjust and get adapting. And your first two, your first three will not be perfect, but you get closer and closer and closer every single month. And you would be there except you just kept saying, oh, it's a transition. Things are changing the relationship.

[B]

And then you didn't end in seven months. But the relationship is not the entire length of time that I've had to Pay the mortgage back. My first mortgage payment wasn't due until July. We did a remodification. They told me in April what my new payment was going to be based on the modification they made. My first mortgage payment was due July.

[A]

That was the mortgage payment before that.

[B]

Before that was. It was like, just shy of $3,400 a month.

[A]

Okay, so it's less. And, yeah, she's about to be behind three.

[B]

That was what the mortgage payment was for. Both of us paying.

[A]

Oh, you creature.

[B]

We didn't. The mortgage. But that argument was not paid for the whole year while we were going through the divorce.

[A]

That argument goes against you, though. The mortgage has been decreased, and yet you're still about to be three months behind. You're gonna lose your house, your kid's house.

[B]

I lose myself. I'm not losing my house. No, but you haven't adapted myself. So when it was $3,400 a month.

[A]

Guys, I'm doing it by myself. That's why I spent on miscellaneous. Bull. $771. 700 is not a lot on miscellaneous.

[B]

Bull. Miscellaneous. That could be like, my kids needed band aids. Like, that's not.

[A]

Well, band aids. We wouldn't put in bull.

[B]

Well, okay, so when the miscellaneous.

[A]

Well, obviously we're gonna go through it, but miscellaneous bullshit usually means getting, like, a monster energy drink from a gas station or a video game. It's those random things that are not necessary. I'm not saying you did that. Obviously, we haven't gone through the purchases. Are you actually a. The thing is, I'm saying those type of purchases equal miscellaneous. Bull are things that add nothing of value. And you spent borderline $800 on it. You spent close to $400 going out to eat, complaining and crying about having to pay the mortgage. You spent. Spent minimum $1,100 on bull. Minimum. There are. There's enlarged purchases that are unknown. We don't know what they are. That we'll go through. $2,741. I bet a lot of that's bull too. But at minimum, you spent $1,100 on bull. Cry about the mortgage and having to adapt. You. You're irresponsible. You are a bad adult.

[B]

I don't. I don't buy.

[A]

Okay, great.

[B]

I don't buy that. That was mostly just, like, useless.

[A]

What.

[B]

Whatever. Miscellaneous. And.

[A]

Oh, you.

[B]

It's not mine. It was probably stuff I needed to buy for the kids.

[A]

Need. Need. Do you know what the word need is?

[B]

Yeah, I do. I know the difference between need and want bull.

[A]

You wouldn't be here if you were. You make money. Even with 50% going to the mortgage, you could budget the rest off.

[B]

Off.

[A]

The minimum monthly payment here is $3,018.53. But yeah, we owe 9,270. 97. Of course there's fees and bull. Stupidity and dumb. You're about to give up a 2.5% mortgage. This is ridiculous.

[B]

I'm not gonna give it up. I'm not losing the house.

[A]

I'm not saying to, but. Well, well, but that's not your choice. When the bank forecloses, it's not gonna foreclose. How can you say that?

[B]

They're not.

[A]

What's the argument?

[B]

I am paying it. It is getting paid.

[A]

Objectively.

[B]

No, but objectively, you see in front of you. Yes, I have been they first of all mortgage company. At least this mortgage company. I don't know if it's for every mortgage, but when you have a past due balance, they take what you are making in payments and put it in an isolated account. And they don't apply that until the full past due balance is there. So reflecting on that.

[A]

Well, you're accumulating past due because you're never putting enough towards it. I don't, I don't off.

[B]

But also you say you're only holding it in this.

[A]

Well, not enough. And you're also saying, oh, I just get needs. That's why I got the dog. I'm about to be three months past due. And then that payment becomes stacked and stacked and stacked higher.

[B]

That's not even showing the thousands of dollars that they're holding.

[A]

Exactly. Because you're endlessly not not putting enough aside. So it keeps holding even more and more until it applies. That's. Yeah. And you're getting delinquency notices. This is absolutely insane. Here. Don't throw away. What is the most important thing to have for your kids? One of the most important things. Utilities, food, education and a roof.

[B]

The utilities have never been turned off.

[A]

I'm not saying that. I'm saying it is in the same category as the absolute necessities.

[B]

I know, I get that.

[A]

And you're ruining that for a dog. And $1,100 minimum last month. Irresponsible, disgusting.

[B]

I still. I want to know.

[A]

I don't get it off. Well, obviously we're going through as we go. But that is what the accountant who went through this. Yes. An actual accountant. Now we have going on this qualified. Good one.

[B]

I don't know. Like it's Hard to say. I can't like form a defensive. I don't even know like what's included in miscellaneous. Like.

[A]

So what is up with the USA Visa signature card?

[B]

That was a credit card that I opened when I was going through the divorce to help put down for the retainer fee.

[A]

Oh, for the divorce. This. Is that new and it's this high. How much did you spend on legal?

[B]

The whole divorce cost me about 15 grand. Oh, my retainer.

[A]

I'm becoming more and more in favor of prenups.

[B]

$4,500 to retain. And then I needed to give her like another $4,500.

[A]

You're over the limit by $300.

[B]

There's no transactions on that. That is just like. It's just been accumulating from the interest.

[A]

Yeah, but it's the community. However, if you make your minimum payments always on time, it will never be above the limit, no matter the interest. Never again. Irresponsible. Choosing $1,100 on bull. Spending $3,000 more than you make on a monthly basis. Go off. You owe $7,304.56. Minimum monthly payment. Yeah, past due. What is wrong with you? No, about the limit. No, it's above the limit.

[B]

This is the first past due I've ever had on that card. Ever. I am this card specifically this month. Like, this past month, like is. Because now it's gotten to the dire point of like not being able to make pay. Not being able to make the minimum payments. Now I'm having to force it all to the mortgage. So I'm letting it go. Yeah, every card is past due.

[A]

Yet we get a dog. What are we?

[B]

Well, when I got the dog, I wasn't past due. I was making the payments.

[A]

Minimum payment normally is 355, which is insanity. But now, of course, you're past due. Fees are being charged. $35, $159, 22 of interest. What a disgusting life we're living right now. How long do you think this takes to pay off? If you do minimum monthly payments only.

[B]

Without any purchases, probably at least 15 years.

[A]

Okay, let's try 2657. You'll be 57. You'll be two years away from being able to withdraw from your tax advantaged retirement accounts. Penalty free. That's where you are in life. And this card will finally be getting paid off. And that's actually if you make your minimum debate and you don't.

[C]

So good luck.

[B]

I have until this past month, guys.

[A]

I have before, but right now I'm not. So it's okay that I have before, but if I'm not right now, it excuses it. What are you talking about? What are you talking about? This is hurting your children. Hurting your children. Everything you are doing right now is hurting your children. The choices you are making right now are hurting your children. Can. Okay, answer me a question. Answer me a question.

[B]

Sure.

[A]

Okay. 400 hours. We at least know went out to eat. Okay, let's get rid of the miscellaneous bull. 400 hours at least when out to eat. That is $50 more than what would be the minimum to payment for this credit card. Why the can you possibly justify going out to eat $400 and then missing this and accumulating fees and interest and putting your kids lives behind? You're not going to have enough to retire. They didn't consensually come into this world. You chose to bring them into this world in one way or another. Even if it comes down to you just chose to. The thing is they didn't consent to be here. However, when they are in their 30s, 40s, 50s, when you are about to retire and you don't have any ability to, because Social Security is going to be dramatically less by the time we retire, it' be there, but it's going to be dramatically less. However, they're going to have to put their life and hold their aspirations, their goals, their hopeful, you know, down payment on a house, whatever they are trying to do, they have to put in hold to make sure their mother doesn't become homeless. Because you are choosing to go live right now, $400 going out to eat instead of making a $355 payment. What justification could you possibly have?

[B]

I mean, it's like disgusting when you put it on paper like this. And I'm able to see it more clearly. But like when I see the money.

[A]

In the account to do that. You've had seven months to make your own individual budget. This is unexcusable. A month. I'll give you two months, maybe three months. I'm gonna start punching you.

[B]

But it's not seven months.

[A]

You're broken.

[B]

It's not seven months because I didn't start having to do this really on my own until July. Fine, two months. Two months.

[A]

I've had borderline four, but off. Come on, we're in month four, then that. It's like. I don't want to hear it.

[C]

Come on, come on.

[B]

July, August, September, October.

[A]

Okay. Oh yeah, use those fingers. They help you get there. Maybe you should have had the guy using them Last time, instead of popping out all these children you can't take care of. And I love that you have kids. You're just being horribly irresponsible with your.

[B]

Well, apple doesn't fall far from the tree. I guess it's the way I grew up.

[A]

It's the way I grew up, too. You know what I did with that? I took that said. I didn't want to repeat it, so I changed it.

[C]

It.

[B]

I'm trying.

[A]

Objectively, no. Objectively, no. You spent $400 going out to eat instead of making your payment.

[B]

First time, do it by myself.

[A]

You know that's even worse. You know that's even worse. If this is your very first time missing a payment, that means you're getting worse in life. And you choose chose for the very first time ever to go $400 after you instead of making a credit card payment. The fact that this is your first time is even worse because it means you're going down. Hit 31, early 30s going down. Does this credit card have an annual fee? Did you do a credit card transfer on this?

[B]

No.

[A]

Then what you're saying does not line up at $35. Want to know a dirty little secret? And no, I'm not starting an Only. You're not broke because you. You suck with money. You just can't see where it's going. If your bank account is empty at the end of every month, that is not bad luck. That is bad tracking. And it's exactly why I use Dollarwise. It shows you exactly where your money's going every single month. Spending, subscriptions and savings all in one simple dashboard. Everything you need and nothing you don't. And when you download Dollarwise today, you'll get to try it for free. Plus 3 months for just 9.99 so you can finally take control and see what your money's been doing behind your back. Click below to get started. No, it does not. It absolutely does not. It absolutely does not in any way whatsoever. But you've had $280 of fees this year so far, lady. That is eight missed payments.

[B]

No, I have had.

[A]

No, no, no. That is impossible.

[B]

I could pull up my credit karma right now and show you. I have not had a late payment on it.

[A]

That would not show up on credit karma. A missed payment would. A late payment would not. Oh, you don't know. Oh, oh, we're on month 10 and she's missed eight. She's been late on eight. Are you telling me you've missed. It's official as a miss on Your credit report right now. No, no, the one right now where you're saying is the very first ever.

[B]

Yeah, that's on you.

[C]

You're not only late, you're unmissed. I didn't know you were a mess. I was just talking about late and a growing feast. You're a mess. Mist. You're a mist. Oh, no. Oh, you're in a league of your own. People on the show don't even get the mist. They get delayed. They don't get the mist. Oh, lady, what have you done? What have you done?

[B]

Yeah, it's my first.

[C]

Oh, you have eight late fees this year so far.

[A]

You're.

[C]

Oh. Oh, dude.

[A]

Oh. Oh, that's insane. You've made your payment on time. Hold on. No. Cause this is last month and I'm not even seeing October. You've missed every month. Every month. You've been late this year. Every month. Even when you were with the guy for three months, you were late transitioning. No, you've always been a degenerate. You're just not good. You just can't pull up an app and push a button.

[C]

You're broken.

[A]

Unless it's just ordering something for yourself or your kids.

[C]

You can't do anything right.

[A]

Oh, my girl, you've lost now at the point of where the statement is, you've likely lost like, close to $350.

[C]

In fees alone this year.

[B]

Oh, yeah.

[A]

No, you're above the limit. Oh, no.

[B]

Yeah.

[A]

Oh, what have you done? You've thrown it all away. You've thrown it all away. You've thrown away life.

[B]

I'm gonna come back.

[A]

Oh, what have you done?

[B]

I'm gonna come back.

[A]

Yeah, you can keep saying, keep telling yourself that.

[B]

I am. I'm determined.

[A]

Listen, I'm glad you have that want in you. You have missed every payment. You've been late on every payment this year so far.

[B]

I wasn't reporting to the credit agencies.

[A]

Because you weren't missed. You were late. But now they are, because you are now a missed. You have one missed. And every month late and three months behind their mortgage. I'm gonna be real. This is only two documents in especially in a mother situation. This is objectively one of the worst financial situations I've ever seen a mother in on this show. And it is all your fault. You spend $400 going out to eat $1,100 on bull, minimum, probably more. You've ruined it. You've thrown it away. This is disgusting. This is unacceptable. And you should be ashamed. You should be ashamed of that if every payment we saw was 100% of necessity and then you were late and missing, I wouldn't say that. But it is unacceptable and disgusting that you are going spending money on fun, even if it's fun for the kids, when you're this. Because this is gonna destroy them. This is gonna destroy the life. You're gonna get foreclosure notices. I grew up in a house with foreclosure notices. We didn't get foreclosed on. They pushed beyond. They fought. They fought. You're about to put them through that very same situation. Even if it doesn't get to the final foreclosure, they are going to see the foreclosure notices. They might show up to school. You're not there. They see it on the thing.

[B]

I will never let my kids go homeless. It's never homeless.

[A]

But they might see a foreclosure notice. And that is terrifying. You are going to ruin their childhood. I mean, I don't even. The only credit card I'll let you use is the Fizz card. It's a debit card that builds credit because you can't spend more. That's in your checking account. Obviously, you can't manage. So I don't even know if I want you to get it. It's good for most in the audience, but you're not a credit card person. You're not even close. You're not a debt person. You can't even do a mortgage, which is considered oftentimes a good debt, especially at 2.5% interest. I just wouldn't even go near debt if I was you. You can't manage. You can't make payments. You don't know how to somehow. I don't know how. You're broken at 31.

[B]

I've made payments.

[A]

This is all late.

[B]

Not on all the cards. Just that one so far.

[A]

Honestly, so far. Because we've only looked at one. I don't even believe you because you were setting up this card. It's like this is the first month this has ever happened. No. You're late every month. You just officially had your first miss reported to your credit. This is insanity. And it's dramatically above the limit. This is disgusting. And yet you go out to eat. You $1,500 in interest. You've lost approximately, at this point, $2,000 on this card alone this year. $2,000. A third of your paycheck, a third of the hours you worked this month. Last month, a third of the hours you worked went to just Paying the extra things added to this card with no benefit to yourself.

[B]

Yeah, that's not great.

[A]

Across all these together, I guarantee you it's about a month or two months of fees and interest that have been added that you've just worked for nothing. Going to yourself net. Just paying back money you've already spent.

[B]

That's the kind of stuff that isn't really blatant. And you don't think about.

[A]

No, you don't think about anything. You don't look at Ashley. I've had an Ashley card.

[B]

Well, that's cause I can actually leverage.

[A]

That in a decent way. You can't. There are literally fees being added. Why the. Possibly. Possibly why?

[B]

That was the account that we had opened when we bought the house back in April of 2023. We financed the furniture we bought on the house and it went into my.

[A]

Name because financed the property. Had the better finance some furniture to go along with it. Let's just finance everything. Let's finance our utilities at that point.

[C]

Why not?

[A]

Minimum payment 119. That's just an added stack. Overall balance $2,307.55. 20 months to pay this off. That actually gets us to the end of the promotional period. I think. I think it should. So that's good. So I'm not freaking out about this card. What I am freaking about is one, you've had a late fee this year. So clearly who even knows that you'll actually pay this off by the time the promotional expiration date arrives Somehow you've had interest accrue this year. I don't know how. You must have purchased something. Makes no sense.

[B]

I don't. The only things that have been on that or the furniture we bought. I mean, I don't trust the house.

[A]

Just straight up. I don't trust you. Like why would interest accrue on something that is a 0% interest rate? Unless you went and purchased something outside of the promotional thing.

[B]

I don't even know how I would do that. It's store credit.

[A]

I don't know either, dude.

[B]

Anything from Ashley other than the. I don't know.

[A]

But what is terrifying to me is again, you've had a late fee, so who knows if you'll pay this off in time. And two, it's just an other minimum fee payment stacked on top of the endless minimum fee payments that make you have less money in your pocket at the end of the month to start making more progress on beating down these debts. And again, this is. You kept the house. Now I'm assuming you're paying on this because the furniture is at the house. Why are you. You. How much is his income?

[B]

He just got a new job, so he's. He got like a 30, 40 grand a year raise more than me. So.

[A]

What. What hits more than you?

[B]

More than me.

[A]

Okay, then why are you taking on all the uber expensive expenses?

[B]

Cuz at the time of the divorce we were making the same so.

[A]

And still like have him take the furniture. You get some Facebook marketplace. I don't know.

[B]

I don't want him to take the furniture. If it's in my name. How do I. How can I rely that he's going to pay it?

[A]

That's right. It's in your name. He's not on it.

[B]

No, that's just me. So I might as well keep the furniture. If it's in my name, I'm not going to give that to him. So I kind of got stuck with it.

[A]

Again, on an objective level, this is not the worst debt in the world. It's not an appreciating asset by any means. But what it is is it's fully 0% until it's paid off. If you make your minimum payments on time, it's just not good for you because you don't.

[B]

Well, this is literally the first month that I have any late fee, like have like not paid?

[A]

No, no, no. One, it wasn't this month. It was earlier this year. Two. On the last credit card. It's been every month this year. Shut the up.

[B]

Okay, but it didn't hit my credit.

[A]

Liar or moron, I can't tell.

[B]

But that still means I'm making the payment within the 30 days. Because it's not hitting the credit.

[A]

Yes. Why? Why is that okay to you though? Because you're accruing fees, making this take longer to pay off and also means you're getting pushed to that edge of having to hit your credit of which last month it did. On the last card. Yeah, like you're on that edge constantly. You're a professional ledger. This is endless.

[B]

I don't have good concept of the.

[A]

Fees and interest of being an adult. No, you don't. Ah, so stupid. Yeah, because there is. Yep, there it is. The interest that has accrued has been through purchases. There it is. It's literally right there. So at some point you somehow figured out a way to spend this. It's done. It's on there. Yeah. You. You look at it. It is impossible that it did not happen. You cannot tell me it did not happen. Even if you're confused it doesn't matter. It doesn't matter, huh?

[B]

Nine cents of interest.

[A]

No. You've had interest accrue this. No, no, no, no, no. Yeah, this last month. But over all this year it's been. I mean it's been $4. It's not huge. But it shows that you are spending on this card and you don't even know you're spending on it.

[B]

I don't even have the card.

[A]

It's the indication. It's the indication that you.

[B]

It's not a card.

[A]

It was a store Becoming impossible.

[B]

I have no. I like it is.

[A]

That is a card. The Ashley Home Furniture card is.

[B]

It's a store card in my wallet.

[A]

Doesn't matter. It might be attached somewhere digitally. You may have accidentally used it made of auto filled online. You don't know clearly and obviously I can't know either.

[B]

Well, I don't know what that is, but yeah.

[A]

Yeah, obviously. No. Glad you got to the bottom of that. Kohl's. Great. Wonderful. What's going on with this?

[B]

That was the Kohl's charge I had opened around Christmas time a few years ago. I like to use it for Christmas presents and shopping for the kids. It's also really good for kids clothes.

[A]

And it's also really good for accruing interest in almost being at maxed out.

[B]

Well, it wasn't even close to being maxed out until I was in the most recent relationship.

[A]

Why do I care what it was previously if this is where it's at now? Why would I ever give a about that if you were doing incredible now? I also wouldn't care if you did horribly back in the day. I care about where you are. This isn't Reddit and Tik Tok that believes whatever someone did in 2015 is what they're doing today. I would say this is what you're doing today. I don't give a half of that.

[B]

Balance was aced probably in the past last year.

[A]

Why Christmas get Doesn't matter.

[B]

And the last relationship he had three kids of his own and I was helping to pay a lot for them.

[A]

Don't. That's stupid. You don't have money as you're putting on a credit card. That is green interest that you cannot pay off. That takes 12 years to pay off if you don't make any purchases, which we know you're incapable of. And we know Christmas is coming on up. Oh, she's coming. Do not come. Oh, I'm gonna come. We're in October, lady.

[B]

Yeah, Christmas is not gonna be great.

[A]

You don't have to do a big Christmas. You don't even have to do a little Christmas. You might have to say, hey, guys, we're. There is no Christmas. Let dad have Christmas. Because he's probably not.

[B]

That's what I've had to do. I've had to tell him, like, Christmas.

[A]

You just accrued this from last Christmas? Liar.

[B]

No, this Christmas coming up, I told him, you're gonna have to do all the Christmas. He said, okay, good. He's gonna take over Christmas for the kids.

[A]

He's reasonable and responsible and acting like a good parent. Minimum payment $80. $57.13 of interest accruing. Balance $2,260.09. Had a late fee this year so far. Not this month, but it's been this year. You know nothing. You know nothing. You don't know what the is ever going on. $500 in interest approximately this year so far created a 30.24% interest rate of death.

[B]

That's the highest one.

[A]

Nope. Ashley is the highest one. When you make purchases of which you're.

[B]

Unaware of after $3 of whatever.

[A]

No, you don't understand why that is scary. First of all, that's what's on there right now. That's not on there at the beginning of it, because more than that has been accrued in interest. So. So, one, you clearly just don't understand the concept of purchases and interests and balances. Two, the terrifying part isn't the dollar amount. It is the fact that it got spent on there and you don't even know how.

[B]

Fair.

[A]

And your kids can no longer be an excuse for you putting things on credit. That just can't be. That's nasty. You're the one who swipes. You're the one that makes the final choice. You're the one that budgets. You're the one that tells your money where to go. You cannot use your kids. You want to give your kids things. I want you to give your kids things. You are choosing when and where and how and what. Stop using them as an excuse. It's disgusting. Oh, past due payment. Here it is. Quicksilver. What's going on? Lady?

[B]

That quicksilver has been with me, I think, since college. So it's been around for a while. I think it's probably my longest open card and just has thrown, you know, random things on it. And it's just stayed at the max.

[A]

It just stayed at the max since then. No, you're over the limit. Well, by 64 bucks and 72 cents.

[B]

In my Current position, yes, but in the past, I have position that we've.

[A]

Been in for minimum four months, up to seven months.

[B]

In the past, I've paid large payments.

[A]

Oh, I see an IRS logo coming. What is happening? What is this episode? Continue. In the past, you've paid it down again. Why do I care about the past?

[B]

You don't.

[A]

Why do I care that you've been successful in the past? You're not right now. That means nothing. That means nothing.

[B]

Now, there have been little charges that have added up to.

[A]

If you had a performance review, you know, your fifth year at a company, and they said this last year, you've been an absolutely horrible employee. Can you go in there and say, well, don't put me on a performance improvement plan. I was really good my first year. That's not how this works. That's not how this works. Okay, listen, I'll give a shout of praise. Can we bring in Christian for a second? All right, Christian, come in. I'm going to slightly embarrass him. Come here. Come here. I'll do this. No, no, no. But it's gonna turn out good in the end. Come on.

[B]

You're gonna be a.

[A]

Well, you're just standing for, like, two seconds. So. Come on in. Christian, he's the head of Hammer Elite, the membership. He runs that whole thing. Here's the thing. Listen. He's another example, except he's the opposite of you. It starts bad, it ends good. When he first started, it was wild. He kind of abandoned his work and kind of left to Bolivia or something for a few months. And he quiet quit by just stop uploading and didn't do anything. And then he begged for. Well, he didn't. Well, he kind of begged for a job. We didn't hire him. We hired someone else. Then he begged for another job. We didn't hire him. We hired someone else. Then finally there was another job. We just couldn't find someone to. We need someone. Okay, maybe we'll just give Christian a chance. And he started to load the bottom pole. And I didn't trust him. And it took a long time to build that trust. But he was grinding. He was showing he really cared. He put in the time, the effort, the creativity, got to know him, understood kind of what happened before. And he really built up. And now he's running this whole department, and he's doing a lot of good things. What he did in the past no longer matters because he is successful today. What he did when he first started was a mess, but he's not Judged on that. You're only judged on the fact that you are above this credit limit right now, not that you weren't before. So stop bringing up this past thing. It doesn't matter. It doesn't matter. It doesn't matter what I did five years ago, 10 years ago. It matters what I did today. Same with him. Same with you. This is what you are. And this is what an adult thinks about, not a child. Again, this isn't Reddit or TikTok where they can't get over things that people did five, 10 years ago. You seem to have that brain. All that matters is you're it now. Thank you, Christian. Bye bye.

[B]

Thanks, Christian.

[A]

So shocker. We have fees. 29 added interest 39.94 minimum the payment 150 bucks now because it's a little.

[B]

Out of hand right now and that's why they're now becoming missed and late.

[A]

Spend eleven hundred dollars on this month, you $75 is likely the normal minimum. You owe $2064.72 12 years to pay off if you actually pay and if you don't purchase, which I assume you do when there's actually room to purchase. There it is. Past due is your only one this year on this card. Surprisingly shocking, but almost $400 of interest accrued. We're talking at least a whole month's of paycheck at this point. Interest and fees. You've worked an entire month this year just for the interest and fees, not including your mortgage.

[B]

I've never seen the numbers put that way before. When it's put that way.

[A]

Well, how do you look at the numbers?

[B]

I look at what I have available to spend and then I spend it.

[A]

But you have nothing available to spend.

[B]

Oh, I'm aware of that now with the way the minimum payments are and the fact that I've literally had to miss payments to pay mortgage. Yeah, not great.

[A]

Reprise Financial. What even is this?

[B]

That is a personal loan for the lawyer.

[A]

Oh my. Another thing for the damn lawyer.

[B]

Yeah, it's expensive to get divorced.

[A]

It is. Why was this so messy? Why couldn't you guys agree on anything? It took over a year.

[B]

Cause it took a shift last October where we had to refocus what we were doing to from. I don't really want to get into it, but it was just the lawyer had to put in more work to rework the divorce decree, basically having to start from scratch. So I needed to give her basically two retainer fees of like $4,500 each and the majority of it as you could see, was not, you know, obviously money out of pocket. It was through personal loan and a credit card.

[A]

$3,395.90Aminimum through payment. $112.10. It just stacks, man. It's just stacking. I can't. I can't figure out what the interest rate is. You know the interest rate?

[B]

No, I don't know actually. Well, I don't know.

[A]

Total fees in charge of other charges.

[B]

I don't see. Is there an interest rate on that? I don't.

[A]

I mean maybe or maybe it's interest free for a bit.

[B]

I don't think that that one has an interest rate. If I'm being honest.

[A]

For now, highly d doubted zero forever as a personal loan. That would be crazy. Everyone in the world would be taking it out for everything. For investing even is specific for like a legal group. Like they allowed you to finance through the legal group.

[B]

No, I think, I think that was one of the personal loans I got.

[A]

Through Credit Karma then definitely not zero percent for long. I'll tell you that now. Why the is the IRS logo in front of me?

[B]

I can explain that one.

[A]

Well, I. Okay. Correctly. Let's find out.

[B]

So when me and my ex husband were still married back in 2022 and 2023, he was working two jobs. He was not having enough taken out in taxes from the two jobs. I had enough taken out for my job. When we went to go file married joint, we owed a lot because he wasn't putting enough away in taxes from the 2 jobs. So for the year 2024 when we filed, he was gonna owe, I think like together we were gonna owe like 10 or 15 grand.

[A]

Yeah. Welcome to taxes. You guys made money, you pay your.

[B]

Shared a lot more than I. I was paying taxes properly on my portion of income. So I didn't wanna be attached to all that and have to split that down the middle. It was cheaper for me for us to file married separately. And then I wasn't able to claim two of the kids. I let him in order to make up some of his debt.

[A]

That's still what I have been splitting it down the middle. No. Right.

[B]

Well, so the divorce decree says that we can. Cause we have an even number of children, we can each claim two and two.

[A]

Yeah. So it's fair. So what's the issue?

[B]

So from what I owed or what I would have owed because we still had to file married separately. We were still legally married as of the last day of last year. We didn't finalize until this past January. So filing married separately, I owed my portion three grand. And I wasn't able to make up the difference for that because I let him claim all the children to offset his IRS costs.

[A]

Why? Why would you do that?

[B]

Because. Because I'm. I was trying to be a nice person.

[A]

I know, but that's. It's not even fair.

[B]

Well, is it? Well, because he was saying that we would just file Mary jointly, but then I didn't want to have to split the 15 grand that we were going to owe down the middle.

[A]

Why would you have to split it, not him? If we were kind of wanting.

[B]

That's what he was arguing with the divorce lawyer was that it would have to be split expenses. Like, that's like split down the middle. Like, what would.

[A]

Okay, well, 3,000 is not as bad as putting 15, so. Okay, that was.

[B]

Was the only.

[A]

But it's owed in approximately. Well 100 in 10 days.

[B]

I have to set up a payment plan with them.

[A]

You have.

[B]

I have to.

[A]

Dude, you have 10 days until fees and interest are going insane.

[B]

I had a payment plan set up with them. It fell through. Because it wasn't. Because the payments weren't going through, because the money wasn't there.

[A]

Oh, you. What the. I mean, they can garnish.

[B]

Well, all they have to do is garnish one of my paychecks and then money.

[A]

Yet. 1100 on this still doesn't make sense.

[B]

What this is.

[A]

So we haven't gotten tears yet. Obviously doesn't seem to be on the credit cards.

[B]

Yes, I am fully admitting there is a spending problem. There always has been. As long as I've been able to have a problem in my pocket. Burned a hole.

[A]

Then how can you say the IRS set up a payment plan but failed because there was no money there? That was your choice.

[B]

You're right. The priority wasn't on. On them.

[A]

Your taxes. Your priority was on McDonald's over taxes.

[B]

My priority was my fear overcoming the fact of, like, how am I gonna tackle this?

[A]

What?

[B]

I've never been. I've never had any taxes owed to the irs. I've never. You're right. And.

[A]

But how does your fear not lead to action? If I'm afraid of something, I go crazy. I go.

[B]

Because as you're realizing, it is accumulating to so much that I am, like, internally starting to shut down. Like, it's. It's just.

[A]

So you're gonna let it happen even more, Making the fear even greater.

[B]

To understand I'm time prioritizing what needs to go where first I know that I have them. I have the income, I have the math. The math is going to math. It's not mathing right now because of where I've accumulated everything to the minimum payments, the IRS debt I had to take on, the divorce money like between paying the lawyer trying to get through my divorce, the loss of income. For the first time ever in my life everything is coming to a head and I don't know know where to tackle it first. I have no idea where to start.

[A]

No idea sounds so reasonable but the answer is literally going out to eat. And the other like what the Obviously that's the first thing hi listen here Financial audit I've curated the exact resources and tools I personally use or would use if I was in certain situations. So take advantage of these offers in the resources section in the description below. The first one one I've moved my investments to webull do the same and transfer to my investing app of choice and you get cash bonuses of $200 all the way up to $30,000 depending on initial funding amounts and up to 8.1% APY on your money and up to 3.5 matches for your IRA. And then number two a great new checking account that I've switched over from Sofi and it's called chime. Get that $550 bonus when you sign up with direct deposit. 4% on your money just sitting there. And then 3 automate your investing with acorns. Usually sign up incentives are only five bucks but you get twenty dollars with my link. Number four you can increase your income and boost your resume with a course career certification. 5. If T Mobile is good in your area, switch to helium. Get a literal zero dollar a month phone plan for the same exact service. But most importantly, go get your free Hammer Financial score and see where you stand in the world of finances. Take the [e-mail] youm will not regret any of these Change your life today.

[B]

And when you have the money sand.

[A]

And stop saying stop. Another thing is if you say I don't know where to start. First make a budget. And then you know it's not complicated to make a budget. You get the budgeting course. You get all the good stuff.

[B]

I mean I have never my entire life I have never.

[A]

You keep saying that over and over again.

[B]

Cause it's true.

[A]

Cause I But that doesn't make sense for four or seven months. Whatever we want to call it. You've had the opportunity to learn. It is not complicated. Nothing here is revolutionary and I have yes Hundreds of thousands of people have improved their life in the show.

[B]

And my life.

[A]

Crazy.

[B]

Absolutely chaotic.

[A]

I should say.

[B]

It's my. My life.

[A]

Everyone's life is chaotic in different ways.

[B]

It is incredibly harder as a single mom. I'm. I'm like, I have.

[A]

That's a brand new thing. And you.

[B]

It is a brand new thing.

[A]

And you have a hard time. You've been in bad debt before that.

[B]

I was. You're right. You're absolutely. I'm not.

[A]

I'm not going to use that and cry with you on, like, Shut the up. The last card we talked about. You're like, it's been up and down ever since I got it in college. It's not single mom.

[B]

No, it's not.

[A]

I'm like, what is that? What does that mean?

[B]

The habits carry through. The habits carry through. And then I have never got to grieve my divorce and grieve the last relationship. No. Because I was. I distracted myself with a new relationship.

[A]

No one died. Who chose to divorce?

[B]

I did.

[A]

Then I'm sorry. I'm gonna tell you to shut the up.

[B]

It's still a loss. We had a whole life together.

[A]

Yeah. You guys split 50. 50. And including custody, which means you guys see each other and you guys are near each other.

[B]

Everyday life.

[A]

And you're the one who chose to kill it.

[B]

Yeah.

[A]

And you're the one who chose to do it. I don't know. It's hard for me to have sympathy on that if you're not the one who chose. I get it.

[B]

You've never been married and gone through a divorce and had kids. Then you can't really say, can you? Because.

[A]

No. But you're still the one to do it. And I've chosen to break up with people. It's not the same, but it was still your choice.

[B]

And we actually are mar. And have children and have those intimate.

[A]

Moments you chose to do.

[B]

I did choose to do them.

[A]

And that you chose to stop.

[B]

That doesn't mean that it doesn't hurt when it ends.

[A]

Have the chance to grieve. Okay, fine. You get a chance to grieve. Why does that mean you completely your life while your chance to grieve. Seven months since the divorce.

[B]

I'm learning.

[A]

A year and seven months since you decided how to. I'm learning Seven months.

[B]

First time in my life to.

[A]

Oh, here we go.

[B]

And it's broken record. Never had to manage a household independently. Never in my adult life.

[A]

It doesn't matter.

[B]

Never.

[A]

If you were just a single whatever person. No Kids. Fine. You get that choice. You have kids, you don't get that choice. You don't get that choice.

[B]

You're right. And I.

[A]

It's not an option.

[B]

In my entire life. I don't give a. My entire life, I have relied far too heavily on my financial partners that have contributed. It's true, though. I have always had someone to back me up. I will be the first to admit I was not a responsible financial partner.

[A]

You are not a responsible person.

[B]

I'm not responsibly financial. Yes. No, you're right. I have not finance.

[A]

Why do you have snap? Isn't this usually tools? What's snap?

[B]

Snap Finance. That one is. That's my car repairs. I had to have my car repaired this summer, and I'm sorry, but, like, four kids have to get around places. Like, I had to do snap.

[A]

Just bring everything back to kids.

[B]

Like, no, it is the kid.

[A]

Like, you need a car regardless. It has nothing to do with the fact that you have to a kid. Like, I get it. Shut the up. You can also Uber with kids. I'm not saying do that. I'm not making that argument. But the thing is, every time there's anything you fall back on bu. Kids. My kids. My kids.

[C]

Like, shut the up.

[A]

People do things.

[C]

People have kids.

[A]

You're not a crazy, unique person.

[B]

You're right. People have kids. Yes, I know.

[A]

Like. Like, shut up with it. It's obnoxious. $1,660.24 minimum monthly payment. $85.43 bi weekly.

[C]

Oh.

[B]

They take that every check. And when I had to have the repairs done on the car, I was under the impression that I would be able to pay it before the hundred days was up. And now there's, like, not an interest rate on it, but they're charging me two grand basically to, like, to have it.

[A]

What was the repair you needed?

[B]

I had a giant hole in my canister underneath my car that needed to all be fixed.

[A]

What car do you have?

[B]

2022 Chevy Traverse.

[A]

Okay. For Tiva.

[B]

Yeah.

[A]

What the even is? It just looks like another credit card.

[B]

66 or Tiva, was the company that financed my Vivint equipment for the home security system for the house that we got when we first moved in in April of 2023. I was left unattended with the salesperson that came to my door, and I signed up for.

[A]

Oh, you have no responsibility or ability to think for two seconds.

[B]

My husband at the time was out with my son, and they came to the door, and I was like, yeah, we need home security. That sounds great. And I signed us up for.

[A]

What is wrong with you? And now interest and fees are accruing. Balance $1990.10 minimum to payment. $98 70, 75 cents.

[B]

Yeah, they gave me a credit card.

[A]

Yeah, they did. And they made a ton of money off you. Well done on that. Basically maxed out, so it's almost like it just happened. Nope, nope. You were above the limit literally last month. Kill me now. Yep.

[C]

Late payment. Who would have thought?

[A]

$41 fee, 32.75 interest. Oh, you've had three late fees this year.

[B]

But none have hit my credit.

[A]

Doesn't matter. It's more money you owe. You dumb. I've never thousands in interest and fees. I have thousands.

[B]

I haven't paid attention to that.

[A]

Why?

[B]

Like, I guess just ignorance. Like, I just don't.

[A]

Ignorance?

[B]

Yeah.

[A]

Like in what way?

[B]

Well, ignorance of like you didn't even.

[A]

Know know to look.

[B]

I mean I know that there's interest being added to it. I know that there's fees, but I'm not.

[A]

I don't know if that's ignorance. That's more willful. Yeah, yeah, it's neglect, which is irresponsibility. That's not ignorance. I can relatively excuse ignorance and call it out and yell at it, but just willful neglect is. You. You're just bad. You can't. You. You can. You should never be someone who's around debt. I'll get you a course. Career certification, accounting. Taking accounting things, you don't need it for your career, but you need to learn accounting for your life. You need to look at documentation. Usually people get that in the audience and then they get a higher paying job. But you just need to be able to look at your damn accounts.

[B]

Yeah.

[A]

And again with these fees and everything. If I got you on the Webull app. It's the app I use for individual investing. Okay, if I got you on that with the sign up bonuses and everything that we have, you know, link in the description below. All that good stuff. It's hundreds of dollars even. That alone is nothing compared to you just sitting here taking late fees. Thousands of them. Thousands of dollars of them. Tens of thousands. Upward of the $10,000 of interest. Like it's insanity. None of the best benefits you get out there through signing rewards or investing in the market. You're losing to everything because you're completely with your decisions.

[C]

Is that all your debt?

[A]

No, this is a personal loan.

[B]

No.

[A]

26,700 car.

[B]

That's my car loan.

[A]

You said it's a 2022 Chevy Traverse? Yes, 26,787 4. What the. And what's the interest rate on this?

[B]

6.25.

[A]

It's not, it's. I know it's in that middle ground of like, is it bad? Is it good?

[B]

It's not good with the car. So this. And my ex husband will tell you, and I think he stands by this to this day. This was the worst financial decision I had ever Me.

[A]

You think it's worth.

[B]

It's worth about 20. So I know I'm about 6 underwater.

[A]

Just about. So what's your minimum payment on this guy?

[B]

518.

[A]

Oh, they're stacking. That's a long term too then.

[B]

It is long. It was like 72. I think.

[A]

For sake, you're going to have this forever.

[B]

I mean, I anticipated it. I will never buy a new car ever again though.

[A]

But I hope so. We'll see. Who knows what guy you'll get in your life next that convinces you to.

[B]

Nah, I don't think a guy could do that. Anyway, so me and the ex husband almost went through divorce back in 2022 when I purchased this car. And I'm so sympathetic for like my. I'm gonna go get the car that I want.

[A]

Oh, what a good wife, what a good partner, what a good spouse, what a good mother.

[B]

I mean we were like drawing up divorce papers like it was that far gone. And I was like, well then I'm gonna go get the car I want.

[A]

Why were you almost getting divorced then?

[B]

Then? Same reason we got divorced now.

[A]

What was the same reason?

[B]

It was just we didn't get along.

[A]

Oh yeah. Tragic that you got divorced then.

[B]

Well, we got pregnant very early on in our relationship, so we tried to do what we thought was best and just stay together for the kids and obviously.

[A]

And then kept having more.

[B]

Yeah, we did that pretty well.

[A]

You're good at one thing. Taking dick.

[B]

Anyway, so. So my friend, my coworker, her boyfriend was a car salesman and I was promised to have a great deal and they added about 10 grand worth of stuff on top of the car that I had to later get off, including additional like bumper to bumper warranty. They tinted my windows like things that were. I just wasn't like, didn't read the fine print about. And I overpaid by, yeah, about 10 grand on that car. And so originally the interest isn't great. The loan that I had through the dealership, my car payment was like 8 or $900 $1,500 an interest in. I had another coworker who recommended I go through the credit union to get my payment lower.

[A]

Student loans for nursing.

[B]

Yeah, student loans.

[A]

Yep, student loans. To be a caddy. Do they teach that in nursing school?

[B]

To be caddy.

[A]

Yeah, to be a drama queen.

[B]

You learning on the job.

[A]

$34,893. Look at it. I had student loans in a while. I feel like everyone's been non student loans these days. It's interesting to see it, especially the federal. Oh, why is it in forbearance right now? Oh, you were in a. You were in PSFL or something?

[B]

Well, so no, they put me on like because of the flooding we had in the area. There was some sort of like deferment that they automatically gave me. Flooding we had back in July. The flooding. The floods. You remember the great floods, right?

[A]

Yeah, the great floods that affected far, Far West.

[B]

Well they said I was within the area and so I took the forbearance.

[A]

Well, entrance is accruing while you're. You don't have to pay. So well done on that. Top one being a 6.54 of which I would pay off quicker than minimum even would suggest. You have these going through 2049 as the estimated payoff.

[B]

Yep, school's expensive.

[A]

What was your minimum payment?

[B]

Like 234.

[A]

Yeah, sounds about right. Well no, you're lower and then they.

[B]

We did like the save plan plan.

[A]

And ah, that's probably why you're actually like listen, you'll start facing punishments next year. Next year, next summer, like nine months from now. Eight months.

[B]

Just about when it came out.

[A]

But you can get on the wrap plan, the repayment assistance.

[B]

I saw payment.

[A]

Yeah, that is the new Trump administration's plan for you and your income. I could see you doing about. I could see your payment being about 150 bucks.

[B]

That's not bad because with the save right now what they put me at was like 133 I think. I think.

[A]

Yeah. So it'd be pretty similar. It's just because you don't have a bad income by any means.

[B]

Yeah. Okay, well okay.

[A]

PNC Bank.

[B]

Okay.

[A]

Is that the end of your death then? No, this is a due date. No. What is this? Your past due on what?

[C]

What is this?

[B]

That's a private student loan.

[A]

You're past doing your private student loans.

[C]

Really? Really? A $62.10 payment.

[A]

Really?

[C]

$400 going out to eat and you surpass due on this? Why? Just why?

[B]

Well because when it was due, the money wasn't there. And when I wanted to go out to eat, the money was there.

[A]

Oh, what a disgusting, what a disgusting. I I, I just, I'm, I'm losing sympathy with anyone who says they can't afford to live in this country anymore. I really am. Knowing that even by all standards, disposable income, after all necessary expenses to live, which is typically what disposable income is in like its truest sense. The poorest states in the United States have more than the average median person.

[C]

In the United the entire United Kingdom.

[A]

We do so well here, even the poorest among us. I am losing sympathy.

[C]

Look at you. You make money and you squander it.

[A]

You it all.

[C]

And then you say I can't pay my bills. Yes you can.

[A]

You're a degenerate. What a joke. 62 is your normal minimum payment. Of course you owe double right now. 6210. I don't know what the overall balance is. What is it? Can you tell me?

[B]

Like, okay.

[A]

It'S 3,000 785,000. Not even that crazy when it comes to student loans. Interest rate is 8%. So that's not good. So I tackle this. Late fees, Late fees. Late fees. Late fees. Oh good.

[C]

$7 our checking account.

[A]

Literally $8,553 came in and there's only $7.79 left. What a joke. Started with two.

[C]

Started with two dollars.

[A]

Amazon Prime Zen out 115 ven out 150Amazon Prime. Going in and getting some bull. Hey, when you stop in the store and you only get like a few dollars of things, what, what is it like? Cuz it's never groceries in America. We don't do that way we go, we bulk spend and then we take it home in our nice big old pickup trucks. That's freedom. We don't do the European walk to the grocery store, get what we need for the day model. So what the are you getting?

[B]

If it's at heb, it's probably like.

[A]

A gallon of milk.

[B]

Well, if it's, I don't know. I think I spent like $11 on like band aids and first aid. Stuff my kid needed. Like.

[A]

I'm having a hard time believing in trusting you based on everything you have done in this conversation so far. Not even knowing you had late fees and stuff. Stuff. Smart Hub $127 winning. Got some $10.18 from Target 89.83i highly. And then another Target $12.95. I doubt you're just endlessly going in and Getting only necessities. Apple cash sent out $14.04 Listen, you're probably not an energy drink person, are you? No, cuz that's okay. That's what most people stop in and get. And honestly, again, just like making your coffee at home instead of getting Starbucks. Starbucks. Get the gamer subs. You can take one of those free samples right there. You guys can get free samples. Link in the description below, type in code hammer or get 10% off when you purchase the gamer subs flavor of your choice. It's 25 cents a serving. It's like making your coffee at home instead of going to Starbucks, which you should be doing instead. So that's what I would. Good. You're making your coffee good. And make your energy drinks at home too. Why not? It's so easy and it's so cheap. Movie theater theater zoning out 20 movie theater Amazon when I got some bull or it's a restaurant. I can't tell. Venom on 100 bucks at the Amateur 103 Seven Oaks Coffee Taylor Swift shop you it was all necessities, guys. PayPal and out 9.50 fan fix. Fan fix.

[B]

I think that's like a Dune material. No, like a subscription on Amazon for something.

[A]

Crunchyroll Spotify zelling out 30 winning got some bull out 60 Austin Airport zelling out 20 Etsy doordashing Wendy's. We're doordashing but we're not paying our mortgage. Die Amazon.

[B]

Anything actually.

[A]

Okay, doordash and Wendy's. Why is that on your checking account?

[B]

Tit. That was when I was back home for my friend's wedding.

[A]

That's when I Doordash Wendy's even though I Whenever doordash Wendy's in my doordash.

[B]

Oh my God. I was home for my friend's wedding.

[A]

Hey, you didn't pay your mortgage. I don't give a. You didn't pay your credit cards. I don't give a. Wait until I get some bull. Amazon Venom on 175 Cooper's gift Amazon. Amazon. Pull off that Amazon. By the way, we're about to go through it. Apple Bill got some bull winning the Buc EE's and got some bull care.com reoccurring purchase.

[B]

That was a one time membership. I had to find a babysitter while my mom. My mom normally watches the kids. Kids.

[A]

Okay. Went and got some Rose's Cafe. Went and got some Amazon Taking the toll roads. You do not have to. I know where you live. You don't have to. It just takes a little longer it's okay. You should not be paying for tolls.

[C]

You should not be paying for tolls.

[B]

When I have to go to get my kid by a daycare before they close at 6, I pick I get the toll.

[A]

If you can't pay your mortgage. No tolls. No tolls. What do you want to see on your order page? Academy Sports. When I got some bull scooters. Coffee. Amazon. Lucky rabbit. Academy sports at Academy Sports. Georgetown youth. Yeah, but you went and I got a drink or a sodi or whatever. Zelinar. 150 bucks. Animals. There's the animal venue now. 240 and venom out 80. Are all the venmos going to the actual. All the zells where they all going?

[B]

Venmos are going. They were going to the babysitter. And then helping my mom and my brother financially.

[A]

Screen recording. Blocking out all private information. We got a book for the kids. Don't need that shirt. Shirts. Don't need that. Cute fluffy toy. Don't need that. Keychain. Baseball ID badge holder. Don't need that. Aesthetic. Rainbow ID badge holder. Don't need that. Another one. Don't need it. Bluetooth mouse maybe. I don't think it's 100% unnecessary. Heights adjustable rectangular computer monitor thing. Don't 100% need that in order to survive. Coloring pencils. Don't need it. Giant rainbow five balloon number five. Don't need it. 18 star balloon. Don't need it. Pixel cube foil balloons from Minecraft. Don't need it. 48 piece cat cupcake thing. Don't need it. Stickers. Don't need it. Minecraft creeper. Don't need it. Minecraft stuff. Don't need it. A5 balloon. More balloons. More balloons. More cupcakes. More suckers. More squishy toys.

[B]

Twins had their fifth.

[A]

Yeah, I don't get a you can't pay your mortgage. Socks. Baseball socks. I will accept that one for the kid cuz I would rather them do that and enriching things than get balloons.

[B]

They have a birthday party.

[A]

They honestly 100.

[B]

So much cheaper to buy balloons.

[A]

You did not need to do balloons. Yeah but look at how much you spent on all this all stacked up.

[B]

Goodie balloons, cupcake toppers. That shit all cost money.

[A]

I agree. You're not paying your mortgage. The roof over their head is literally the most important besides food. Food. Sandwich cutter. You.

[B]

They have to bring their lunch.

[C]

Shut the up.

[A]

You don't need a sandwich cutter. You have a knife, you dumb cunt. I don't care you have a knife. Cat Ear headbands for the. I don't care. You can't pay your mortgage. Leash. Okay. Shouldn't have got the dog collar. Okay. Shouldn't have got the dog. Balloons, balloons. Endless balloons, endless stickers. Endless Minecraft. Endless. It's all. Nothing in here is a necessity. I will accept the baseball shoes. That is it. And the collar and leash. Cuz you at least need them. But you shouldn't have got the dog. Bull. When it's like some. When it's like I got some. Got Starbucks, McDonald's now when it's like some sling TV. What the. Who even gets that? When it's like I got some McDonald's. When it's. I got some. When it's like. Got some YouTube. Google YouTube. Prime time. I don't even know what that is.

[B]

That's Crunchyroll.

[A]

Went inside, got some. When it's like that's a. Because you're always getting drinks, snacks at the baseball park with the kids all going inside, getting some. And getting some drinks and snackies at this park. Pack your. I don't give a. Yeah, look at it. Look at it. Huh? You're damn right. Minimum 1,100. It is likely more closer to 15. 1600 in. I don't want to hear it. Any balance in this? $3. Oh, good. Zen out. 145. Any balance? $3.96. Ridiculous. Retirement at 31. Yeah, her kids are gonna have to deposit her life and take care of her. 1,718. Wonderful. That's her rollover Ira so pass 401k. Oh, and that's our retirement. Oh my gosh, what a joke. Fanfic. Yeah, Isn't it a fan fiction website where they write smutty fan service stories?

[B]

That's definitely not what I'm paying for. It's a subscription. I don't know which one it is.

[A]

You sure the 7 year old's not becoming a little Gooner?

[B]

No, thank God.

[A]

Okay.

[B]

I have. Yeah. No, wait. Isn't. How much was it?

[A]

I don't know. I don't have it in front of me anymore.

[B]

It. That might be the cost of Amazon Prime.

[A]

No, no, it's fanfic, dude.

[B]

I don't know.

[A]

It would say prime. Okay. Income, 6,000. Okay. Mortgage is typically if you're responsible, which you're not. Not. $3,883 debt. Minimum payments outside of the mortgage is $1,570.81. Gas, electric, Internet, all those utilities combined. How much? Average month.

[B]

130. 150.

[A]

It's just average. Come on.

[B]

I mean like probably 400.

[A]

Okay. Gas. Vroom, vroom. Drive, drive.

[B]

Including insurance.

[A]

Gas.

[B]

Oh, gas, sorry. Like 150.

[A]

Car insurance, 250.

[B]

Phone bill 144. And that's rolled in with my Internet. It's bundled.

[A]

Okay, so I should take away from the utility.

[C]

Please.

[B]

No, I. That's including.

[A]

Okay. If you ever want to separate it, do helium. It's great in Austin cuz t mobile's great here, same towers. 15 bucks a month. $700 for food. I think I could actually go a little lower cuz you split halftime. No, 700 is good cuz you split 50.

[B]

50. I don't come anywhere close to spending that well.

[A]

No, you don't. I don't give a what you do. You're meal prepping, you're using the cookbook, you're using the budget sheet that we.

[B]

Give you, the education.

[A]

You're meal prepping, you're cooking a few times a week. I don't care if they love the food. Your meal prep. Meal prep, meal prep a few times a week. Warm things up, overnight foods. It's a lot of things like that. And you're only getting them 50 of the time. So I don't give a TP fund anything else you need to survive. This includes you, your kids in sports funds. I will try to do 250s toothpaste, all that good stuff. It goes to new socks. All that good, goody goody goody. Medical, health care. Any CO pays on a monthly basis.

[B]

Maybe like 60 bucks.

[A]

Is there a gym?

[B]

There is.

[A]

How much?

[B]

36.

[A]

$50 for pet insurance. Make sure you I know you will not because no way you can afford to keep this dog alive. Which is why it's irresponsible for you to have gotten the dog 50 pet insurance. How much for pet food?

[B]

Like 21 bucks a month subscriptions.

[A]

I'll try to do 35 bucks.

[B]

A lot of my subscriptions are also.

[A]

On my Internet will be canceled as well. Anything else that needs to be in your budget that I have not taken in I account? No, these are the necessities. These are the you're living down in the dirt while you are trying to paint off debt and get above water. That's what this is. This isn't your budget for the rest of your life, nor would I ever want it to be. Okay. This is a sacrifice budget. This is a temporary budget. This is a you, you need to do it but budget. So I don't know if you have a choice. Il you really don't because you're over by $685.34. So I have good news. The good news is on the weeks that you don't have the kids, you are doing Ubereats and doordash. Or you're doing, you're picking up extra nursing shifts on the weeks that you don't have them, even if you do have them. I would love to see you do it. If you can make an extra $2,000 a month.

[B]

Easy, Easy.

[A]

Okay, well, I'll take your word for it.

[B]

Well, yeah, there's. I mean, nurses are always in need. I know the trips anytime. Yeah, but I have help. My mom helps me a lot with lots.

[A]

Oh. If that's the case, can you make $30,000 extra a month?

[B]

How much?

[A]

3,000 extra.

[B]

That's pushing it.

[A]

Okay, call it 2,000. It gives you an extra 1,300. We'll call it, listen, the debt outside of the mortgage, 86,300 of bad debt. $1,300. You can pay off debt in 66 months. Yeah, I mean you can pay debt off in about five years. Your income will scale, it'll increase. But it's five years to sacrifice and really working your off. But it's worth it because again, I mean, a kid won't even be graduating or a kid, one kid will be close to be graduating high school and you'll finally be independent. They won't have to take care of you and the rest of the kids are going to live a great child. It's a temporary sacrifice and it is totally worth it. Then you get a fully funded emergency fund and then you're living 50, 25, 25, 50% on needs. 25% of fun. 25% to investing. Your income should catch up and you'll make more money to where that mortgage should be closer to less than 50%. And your needs, you'll keep tight so you can have fun. But if you need to stretch your needs to about 55%, you then do 20% for fun. You do not take away from investing because you need to catch up on investing. So that's what you're doing from two here. That's it. It's going to be a five year process. Call six after you have the emergency fund and 50, 25, 25 or 55, 20, 25. Let's get this Hammer Financial score and we'll jump into the post show. Hammer Financial score spending and. Oh, sounds like we might be calling the ex husband in the post show because apparently he's coming in and always bailing her out. Okay, we're going to call the ex husband of the Post show. Let's get the Hammer Financials score. Okay, spending a budget overspent 0 out of 10 debt. You have IRS debt 0 out of 10 emergency fund nothing in savings 0 out of 10 retirement barely started 1 out of 10 for your age, real estate is the only thing you have to your name. However, it's too high of a minimum payment for your income and if you sold today, you'd lose money. So it's not that great, but at least you're in the market and you can ride at some point. That gives you some credit. But 4 out of 10 there. Actually, I'll give it a 5 out of 10 because the interest rate is incredible. It's going to be a hammer Financial Score1 1 out of 10 click that join button or use the link in the description below. Guys, Join Hammer Elite 3 premium shows posted every single day Monday through Friday, including an extra 20 minutes of this episode, which is called the Financial Auto Post show and I'll see you there, where we call the ex husband and confront her. I'm with your ex wife. How much debt outside of the mortgage do you think Taylor has? 40,000? $85,000? I can take the house for me, Hammer Elite is the best YouTube membership on the platform and I just upgraded it. Three exclusive dedicated shows every single day, Monday through Friday. Join with the link in the pinned comment or description below. This is the best membership you'll ever join. That's a promise.