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

Summary

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Financial Audit Episode Summary

Episode: "I've Never Met A Woman Like This | Financial Audit"
Host: Caleb Hammer
Guest: Sabrina
Date: December 18, 2024

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Main Theme

This episode provides a deep dive into the chaotic personal finances of Sabrina, a 24-year-old retail manager and mother of two living in Austin, Texas. With relentless candor (and more than a little exasperation), host Caleb Hammer walks Sabrina through her bewildering web of spending, debt, and avoidance, highlighting how unchecked lifestyle habits and parental enablement have led her to the brink of financial disaster. The episode is both a financial intervention and a cautionary tale for anyone struggling with money management, impulsive spending, and family support dynamics.

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Key Discussion Points & Insights

1. Income, Employment, and Family Situation

• Job: Assistant manager at Zumies (skate retail); soon transitioning to another retail job at $18/hr.

• Income: Brought home about $2,500/month plus $850 in child support ($3,350 total); occasional commission.

• Hours: Works 45+ hours/week, with frequent overtime.

• Family: Has two children (ages 5 and 3) and is engaged to a woman working in tech (who "makes good money"). Shares bills with fiancée; rent is split and other expenses are contributed as able.

  [04:03] Caleb: “Fiancé takes care of the bills. What does your fiancé do?”
  [04:39] Sabrina: “She’s in tech and I don’t know where we’re gonna get married... She makes good money.”

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2. Financial Structure & Account Confusion

• Accounts: Multiple checking, spending, and savings accounts—leading to overdrafts and missed payments. Bills come out of a shared "savings" account, but Sabrina frequently shuffles funds and overdrafts her "spending" account.

• Organization: The system was intended for budgeting, but Sabrina admits she moves money out for spending anyway, defeating the purpose.

  [05:04] Caleb: “You’re literally overdrafting in your checking account.”
  [05:37] Sabrina: “The goal was that if I keep it in that account that I won’t transfer it out to spend it. But then... I just transfer it out anyway to my spending checking.”

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3. Spending Habits, Lifestyle Creep, and Credit Card Use

• Gross Underestimation: Sabrina guessed her spending last month was about $2,000; in reality, it was over $8,300—more than double her highest monthly income.

• Impulse Purchases: Driven by “dopamine,” she spends heavily on retail (especially clothes/shoes), Starbucks (daily), energy drinks, mall food, gifts, and frequenting stores where she works for discounts.

• Credit Card Addiction: Regularly opens and maxes out new cards (e.g., opened a new card just to buy a $195 shoe rack).

• Debt Payment Mentality: Leverages “girl math,” payment plans, Buy-Now-Pay-Later apps (Klarna, Affirm), and relies on credit rewards—failing to grasp that interest rates massively eclipse any cashback.

  [08:43] Caleb: “She spent $8,319. So what the f*** are you talking about? You don’t know a single thing about your numbers, obviously.”
  [28:09] Caleb: “You are getting an extra 26.5% fee because every time people like you say, I'm getting money... you are losing 26.5%.”

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4. Vegas Trip & Buy-Now-Pay-Later Culture

• Irresponsible Travel: Attended the “When We Were Young” emo music festival in Vegas with fiancée by financing tickets, hotel, and flights through various payment apps, completely unaffordable out of pocket.

• Mentality: Justifies expenses as “slowly paying off,” repeatedly caught without cash reserves for even small purchases.

  [12:09] Caleb: “In what world can you afford to go to Vegas? ... You are not entitled to go to Vegas. You're not.” [21:15] Sabrina: “...We got to the airport... and ...missed that flight. So my fiancé, seeing that I was upset, got a new flight. She paid for it.”

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5. Avoidance, Anxiety, and Parental Enablement

• Account Avoidance: Sabrina admits she avoids reviewing her statements and balances due to anxiety and overwhelm, resulting in missed bills and mounting debt.

• Enabling: Relies on parental fallback for groceries, emergencies, and subsidized expenses. Both parents and fiancée provide emotional and financial rescue, removing urgency to build a safety net.

• Lack of Boundaries: Mom covers grocery Instacarts; parents are seen as “safety net” and “emergency fund,” which Hammer says enables irresponsible choices.

  [14:56] Sabrina: “I get overwhelmed looking at [the account] ...I get panicky. A little overwhelmed.”
  [42:11] Caleb: “That is you literally never maturing beyond a 15 year old. If you think ‘I can just rely on mommy and daddy for my entire life if something were to go to s***, they’ll help me.’”

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6. Debt Breakdown

• Credit Cards: Multiple cards at or over the limit; frequent missed payments (4+ months missed in the past year per card), late fees, overlimit fees piling up, nearly all cards at 27-29% interest.

• Car Loan: $21,400 balance on a 2019 Honda CRV, $4,000 underwater, huge portion of take-home pay.

• Medical/Dental: Psychiatrist bills, orthodontics, and other medical debts—often on payment plans.

• Subscriptions: Numerous digital subscriptions, mostly non-essential.

  [51:54] Caleb: “You’ve likely missed three to four payments this year so far... This is not what an adult does... and the fact that they [your parents] enable this is disgusting.” [76:08] Sabrina: “I did. I have a dentist payment.” [86:17] Caleb: “[About pet insurance] No you don’t. You’re cancelling them for f*** sake. I don’t give a s***.”

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7. Consequences & Prognosis

• Min Payments Total: $1,530 in monthly debt minimums, not including rent/utilities/food.

• Living Beyond Means: Sabrina needs ~$4,150/month to break even; new job plus child support will cover just $3,850.

• Unsustainable: Without drastic change—earning more, slashing spending, and/or consolidating debt—she faces ongoing financial pain, likely impacting her children’s stability.

  [85:02] Caleb: “1530.69 for debt. Minimum monthly payments. ...You need $4,147.69 to make it on a monthly basis. ...You can’t work retail. ...Go back into food. Figure it out. ...Whether it’s keeping your job, working another job in the evenings or... you just need to go get a better job.” [87:20] Caleb: “If I were to look at where your money goes, I would think you are 14 if I did not know you.”

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8. Behavioral Patterns & Resistance to Change

• Excuses: Constant self-justification for poor habits: “I need a bigger car for the kids and dogs,” “I get good sales at work if I buy the clothes,” “Girl math for Starbucks.”
• Minimization: Downplays severity (“I work really hard for my money,” “I deprive myself sometimes”—but never enough).
• Reluctance to Automate/Budget: Fears of missing payments due to never knowing account balances.
• Therapy & Mental Health: Attends psychiatric care, but doesn’t integrate lessons into practical money choices.

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9. Moment of Realization

• Emotional Impact: Sabrina grows tearful and admits (several times) that her actions are hurting her kids, and she wants to change.

• Caleb’s Wake-Up Call: With tough love and repeated analogies (“you’re investing in lattes instead of your children’s future”), Caleb tries hard to shock Sabrina into facing consequences.

  [35:00] Sabrina: “Yeah, I want to do better for them. I really do.”
  [46:19] Caleb: “You are not entitled to that. ...Why do you think your life and your sweet treat is more important than your kids? ...You are their future and putting them at risk. And it's disgusting.”

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Notable Quotes & Memorable Moments

• On Motivation:

  [20:01] Caleb: “Are you forgetful of your kids now? ...Well, guess what? If you’re forgetful of your budget, you are—in them. So, in a way, you are.”

• On Credit Card Points:

  [28:09] Caleb: “You make the top overdraft in yourself. Like you win that competition too in your own life.”

• On Excuses:

  [42:11] Caleb: “That is you literally never maturing beyond a 15 year old. If you think I can just rely on mommy and daddy for my entire life if something were to go to s***.”

• On Grocery Support:

  [43:02] Caleb: “So that she can go to Starbucks every day. Mom. I think we should probably call her in the post show...She needs to cut you off. She’s enabling your bullshit.”

• On Living Like a Teenager:

  [87:20] Caleb: “If I were to look at where your money goes, I would think you are 14 if I did not know you. Snapchat Plus and shopping, everything at the mall and Hot Topic and DoorDashing McDonald’s and food court and drinks at Auntie Ann’s...oh, I’m raging.”

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Timestamps for Key Segments

• Guest Introduction & Income: [00:31]–[04:18]
• Banks, Bills, and Overdrafts: [05:01]–[08:13]
• Vegas Spending & Klarna/Affirm: [12:07]–[22:23]
• Avoidance and Anxiety with Finances: [14:04]–[16:26]
• Deep Dive: Credit Cards: [24:03]–[38:03]
• Parental Enablement and Grocery Support: [42:56]–[44:36], [43:02]–[44:36]
• Car and Major Debts: [55:33]–[59:36]
• Shopping Addiction: [63:01]–[64:50]
• Subscription Audit: [86:13]–[87:20]
• Budget Reality Check: [85:02]–[87:20]
• Final Judgment & Call to Action: [88:00]–[89:39]
• Post Show Call with Sabrina’s Mom: [89:39]–[End]

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Tone & Style

• Caleb: Acerbic, exasperated, and brutally honest; often uses sarcasm and bold analogies.
• Sabrina: Nervous, sheepish, prone to “girl math” explanations, collision of self-deprecation and denial.
• General: The episode is both educational and performative, balancing shock value with genuine attempts to help.

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Conclusion

Sabrina’s case is a vivid illustration of how undisciplined spending, enabled by family and credit, can threaten not only one’s financial well-being but also the stability and future of one’s children. Caleb’s relentless questioning and analogies hammer home the need for financial maturity, honest self-assessment, and the willingness to embrace difficult change. By the end, both host and guest are visibly affected, and Sabrina is left with a clear ultimatum: overhaul her habits or risk long-term personal and familial consequences.

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Transcript

[A]

To watch episodes of Financial Audit a week earlier. Check us out on YouTube. Your parents are enabling you and it's. It's. You don't even know you need to have your hit the ground.

[B]

I mean, I kind of have a reason.

[C]

You go to Starbucks every day. Your reason? No reason.

[B]

I'm the youngest.

[A]

Yeah, you have kids, so I don't give a. I don't know who you think you are and why you think your life and your sweet treat is more important than your kids. Financial Audit live in Austin, Texas on February 22nd. Go to calebhammer.com live or check out the link in the description below.

[B]

Hi, my Name's Sabrina. I'm 24 years old. I live in Austin and this is Financial Audit.

[A]

What do you do here for a living in Austin?

[B]

I work at Zumies. It's like a skate retail shop in the mall.

[A]

Yeah, you would look like that. Okay. I would have thought vans. You know, one of those. Okay. Yeah. And what do you make in this position? What's your. What's your position at the retail place?

[B]

I'm assistant store manager and I make $15 an hour.

[A]

Okay. It's a little low for the Austin area.

[B]

Yeah.

[A]

I'll be honest. Lots of entry level jobs, even at like coffee shops are like 16 even. And an assistant manager. How many hours a week are you getting?

[B]

40, unless I work more. I do work more.

[A]

You get overtime?

[B]

All the time.

[A]

Overtime though, you go overtime pay?

[B]

Yeah.

[A]

What is it?

[B]

It's time and a half, like normal over time.

[A]

Okay, very cool. So what do you work normally?

[B]

I'd say an average of like 45.

[A]

Okay. Yeah, 15 an hour. How much hits your account on a monthly basis?

[B]

Average like 1200 on a good check. I get like 313 to 14. Because I make commission too.

[A]

Oh. Through selling some certain things.

[B]

If I sell like more than 250, I make commission and I'm pretty good at it.

[A]

What do you think came in this last month? Just payroll. Just.

[B]

Just money from I think like 2500 somewhere around there.

[A]

Maybe a thousand more than that.

[B]

Really? This month?

[A]

How do. How do you not know? It was within your most recent statement.

[B]

Is it the child support payment too?

[A]

No, no, but obviously. So you have kids?

[B]

I do.

[A]

15 bucks an hour with kids. How many kids? Kid or kids?

[B]

Two kids. Multiple kids ages 5 and 3.

[A]

Okay, so you had a kid at 19 and then 21. Okay, so child support. That means you are no longer with the donor?

[B]

No, we're divorced. Yeah.

[A]

Divorce. You were married already? My goodness. Where am I at 29, am I losing this game of dating? Obviously.

[B]

You'Re good. I think you're good.

[A]

Okay.

[C]

Really?

[A]

So what comes in child support?

[B]

835.

[A]

Why do I have 1,009? Your numbers are all different.

[B]

I know. Because something went wrong with his bank at his old job and then he transferred it to a new one. So they sent me like a random payment.

[A]

You say normally that hits your account for payroll is about 2,500.

[B]

Yeah, I'd say.

[A]

How do you live in Austin with two kids on 2500?

[B]

Well, my fiance pays for like a good bit of our bills. I pay half the rent and then whatever else I can help with, like my car payment.

[A]

If your fiance is paying for a good half of the bills, why are you overdrafting? Why are you missing payments? Why is everything here beyond. Not to the level of oh, it's because I have a lot of bad debt, no late payments, overdrafting. It's beyond why if he's taking care of some of the payments or are you guys way over she okay if you guys are way over living.

[B]

I spend a lot of money. It's been a lot of money. I like to spend money.

[A]

Uh huh. So you say 2500 hits your account. You. You feel confident about that number? Cuz again, I had 35. So you feel confident that normal is 25A payroll?

[B]

Yeah. Well, yeah, yeah, just payroll.

[A]

It was a three paycheck month. That's why it was one of those rare. Three paycheck.

[B]

Yeah. I am getting a new job though that pays more.

[C]

Oh what?

[B]

It's going to be another retailer in the mall. Not a skate shop but like more cash.

[A]

What are you going to be making?

[B]

18 an hour.

[A]

Wow. Overtime.

[B]

Yeah.

[A]

Commission?

[B]

No, no commission. So I'm trying to.

[A]

Is it, is it gonna make up?

[B]

I think so. I don't make really that much commission during now period. So it's definitely gonna average out better.

[A]

Okay.

[B]

Yeah.

[A]

I mean that's a. It's a good little jump.

[B]

Yeah. Especially because I like to work a lot.

[A]

Fiance takes care of the bills. What does your fiance do? When are you guys getting married?

[B]

She's in tech and I don't know where we're gonna get tech.

[A]

So she probably makes money.

[B]

Yeah, she makes good money.

[A]

What are you guys doing? What is like your guys's like what.

[B]

Do we do with our money?

[A]

Are you guys together money? Are you guys.

[B]

So we have a together account and she has her own account and I have my own account and we have like a together like savings account. That's where our bills come out of.

[A]

And your bills comes out of savings.

[B]

Yeah.

[A]

Does that make any sense?

[B]

No.

[A]

You're literally overdrafting in your checking account.

[B]

Yeah.

[A]

Why would bills be coming out of savings?

[C]

And if bills are coming out of.

[A]

Savings anyway, then why are we overdrafting if bills are coming out of savings?

[B]

Well, that's where I know there's going to be money for sure in the savings account. So I had the bills.

[A]

Why do we need multiple trillion different accounts? Because again, we are overdrafting and missing payments. So why do we need to overcomplicate?

[B]

It's like an organization. Like the bills come in.

[A]

Yeah. And how's that organizing doing? Usually we organize so that we accomplish some kind of goal.

[B]

Yeah. Well the goal was that if I keep it in that account that I won't transfer it out to spend it. But then I, I just transfer it out anyway to like to my checking. To my spending checking.

[A]

To your spending checking. We should have spending checking when we have two kids and a mountain of debt and we're missing payments.

[B]

I, I, I, it's not realistic for me to not spend any money.

[A]

Not saying that. But you have a whole spending account.

[B]

Yeah, that's just what I call, that's different spending account.

[A]

The spending account that you're overdrafting.

[B]

Yeah, but I put it in there after overdrafts. Like they get overdraft notifications. So then I like put it back.

[C]

Why wouldn't you spend only the money you have? I'm confused.

[B]

Well, I have it. It's in a different account.

[C]

No. Then why, then we need multiple.

[B]

That's what, I'm sorry, I'm a nervous laugher.

[C]

Uh huh.

[B]

A giggler.

[A]

Yeah. Okay.

[B]

You're not a giggler.

[A]

Huh?

[B]

You're not a giggler.

[A]

Not when I'm talking about someone literally their entire life. You have kids.

[C]

This isn't about you.

[B]

I know, that's, I like it better.

[A]

This isn't some cutesy little thing.

[B]

Yeah, I just, I have a problem with spending.

[C]

What is your.

[A]

Okay, 18, that's not bad. But Austin is the most expensive city in Texas. What is your desired career path? Because I don't. Like 18 is going to be hard to survive on two kids.

[B]

Yeah. I mean, I want to continue in retail.

[A]

Why specifically? That's okay.

[B]

But why? I really love talking to people, like, and getting to find what they are.

[A]

Okay.

[B]

Like helping them find like something that makes them feel good, an outfit that makes them feel good and like selling stuff that I believe in. So, like, I buy a lot of clothes.

[A]

Sounds like maybe you could do sales and make much more.

[B]

I mean, sales.

[A]

Yeah, but it sounds like you could do sales and make much more. Yeah, like normal sales.

[B]

I don't want to sell, like, a car and then not be.

[A]

I'm not saying. I'm not saying sell a car. There's a lot of things you could be. Listen, I'm not saying it's necessarily wrong. This is going to be really hard to get ahead, especially with the mountain of death that you got yourself in.

[B]

Yeah.

[A]

Because I am so lucky to be in a position where I'm able to connect you with so many things. I can get you a course careers certification for tech sales. Then you can work in tech just like the fiance. You know, there's a lot of different things, but you can go a lot of different places. We could do. We could do a customer service one. Yeah, there's a lot of different things where you're talking to a lot of people and you're not stuck at 18 an hour in the most expensive city in Texas.

[B]

My dream is to have my own salon. Like, be a customer.

[A]

That's completely different.

[B]

Yeah. Completely different.

[A]

What the are we doing then?

[B]

Well, I can still talk to people and then.

[A]

Yeah, but why are we trying to do. Why are we forcing ourselves to stay in retail if that's our thing?

[B]

I still love it.

[A]

Okay.

[B]

Like right now, that's what I love to do. Eventually I would love to do hair because I cut my friend's hair and stuff.

[A]

Let's say 3,000 is going to come in. Okay.

[B]

Okay.

[A]

Through the new pay, through everything. All right. And then 850. Was it 850 for child support?

[B]

Yeah, 850.

[A]

Okay. So 3850. Cool. How much did you spend in this last month?

[B]

I don't even know.

[A]

That's not an answer.

[B]

Probably, like, close. Like, probably two grand.

[A]

You spent two grand this last month?

[B]

Probably.

[A]

It's a lot of money.

[B]

Yeah, yeah.

[A]

She spent 8,319. So. What the f are you talking about? You don't know a single thing about your numbers, obviously.

[B]

8,000?

[C]

Yes.

[A]

$8,319. How in the world could you be off by $6,000? That is crazy. How possibly. And not even that, but it's more than double what you're gonna make at your new job or on a 3 paycheck month job.

[C]

Pl. Money from the daddy.

[B]

Well, is that. That's on credit cards too, right?

[A]

Dude, it's all spending. Yeah, it's all spending.

[B]

Yeah, well I had opened a new credit card.

[A]

You just opened a new car. Why would you be opening a new credit card?

[C]

Two kids. Two kids.

[A]

What's your retirement looking like? What's your retirement looking like? You've been in retail forever.

[B]

So. I have. I was in restaurant management before I went to retail.

[A]

Okay.

[B]

And I had a retirement fund with Panera when I worked there. And so after that I stopped working for a little bit whenever we moved here to the kids, stay with the kids. That didn't work out. That got us in like a worse position. So I started working again and then I don't know where that retirement fund.

[A]

Contact, contact Panera. See, see where they corporate. Yeah, just see where their 401ks are traditionally managed and then they'll get you in contact with that management company.

[B]

Yeah, I don't know how to move that over.

[A]

Okay, so are you telling me there's probably like a thousand dollars in retirement?

[B]

It's like closer to 3,000.

[A]

$3,000 in retirement. Okay. Okay. But you're opening in a brand new credit card.

[B]

Yeah.

[A]

So instead of trying to make any progress towards any kind of extra because you're not contributing to retirement now are you at the skate shop? How long have you been at skate shop?

[B]

For like seven months.

[A]

Uh huh. So why are we opening a new credit card when we're not even contributing to retirement?

[B]

So we have kids. I wanted to get the shoe rack by the front of my house to put like the kids shoes in. It's like an organizer to put the shoes in because like they were the throw.

[A]

We don't retire so that we can organize shoes.

[B]

Well, I got it. I was thinking that I was going to do like a payment plan on it like a klarna.

[C]

Why?

[B]

Because the shoes were a mess. They were all.

[A]

But your debt's already so out of control. Why does it have to be then instead of spending the money that you make?

[B]

Well, I always think that I'm going to put like a bigger purchase on the card and I'm going to slowly pay it so I don't have to pay it all.

[A]

Like do you know, do you understand interest?

[B]

Kind of. It has zero. Explain interest months.

[A]

Oh that new card.

[B]

Yeah.

[A]

So you're going to pay off something. You made it sound like that that's just how you use credit cards.

[B]

That is how I use credit cards.

[A]

Do you not understand interest?

[B]

No, not really.

[A]

Explain interest to me.

[B]

Okay, so you sign up with an interest rate and then if you don't pay off your Balance. They charge you the interest for the month.

[A]

I mean. Yeah, it's amateurized over the year, down to the month. Okay, so either way, I'll explain that when we actually get to one. How much was the shoe rack?

[B]

$195.

[A]

We opened a credit card to make $195 purchase.

[B]

Well, I also thought that having a higher credit like utilization would be good for my credit.

[C]

It is. But now if you use the entire thing.

[B]

I wasn't planning on using the whole thing.

[A]

You weren't planning on using. Wait, you ended up using more than just 190.

[C]

Whatever.

[B]

Yeah, that's on where a lot of spending is on.

[A]

Well, I mean that makes sense if we're literally spending double of the top side of income. That's not funny.

[B]

No, it's not.

[A]

Okay, so what?

[B]

So we went to Vegas.

[A]

You, no offense. In what world can you afford to go to Vegas? Well, you're not entitled. Entitled to go to Vegas. You're not.

[B]

It's the When We Were Young concert. When We Were Young concert. The Vegas concert.

[A]

I've never heard of that in my life.

[B]

It's all the emo. Yeah, we do it every year. It's all the emo bands that like we listen to us teenagers.

[A]

Why do you think that you can go?

[B]

Well, we did a lot of it on the firm in Karna so that we could pay it off slowly and then.

[A]

Who's a Wii?

[B]

Me and my fiance.

[A]

I thought they made money.

[B]

They do.

[A]

So they. That. That I'm no longer. I'm not convinced that. That making money is actually even like beneficial to them. I have a feeling if they're talking about Klarney and all these things, I have a feeling that they're just. They're just financing and doing all these extra things. Even more than you are.

[B]

Not more, I'd say.

[C]

Then why are they even doing it? You have cash?

[B]

Well, we didn't have any cash available.

[A]

Why wouldn't you if you both are working?

[B]

Well, we were planning on not going.

[A]

You couldn't get one $95 shoe rack? She works in tech and that' that's at least a third of your and you know, hours.

[B]

Well, so it was kind of that mindset of like that we put it on there and we can slowly pay it off instead of just paying it all up front.

[A]

Why did you not have the money is what I am asking.

[B]

I probably spent it.

[A]

Okay. What about your fiance?

[B]

A lot of bills, I think.

[A]

What's a lot of bills? What are we doing? What are the Bills. What is our situation? What are we looking at today? How about that? Just.

[C]

What?

[B]

Okay.

[A]

No, not even the beginning. I want to know what are we looking at today?

[B]

Okay, so we have our rent that we split, and then it's 2320.

[A]

Not asking for numbers. I'm just trying to figure out where are you. Just like, what is. What is your situation?

[B]

I have an impulse spending issue.

[A]

Okay. So this seems to be the issue with every single person on the show. If you recognize it, what are you doing to counteract it?

[B]

And I'm scared to look at it most of the time.

[A]

Why?

[C]

Everyone says that, too.

[B]

Well, I get overwhelmed looking at it. Like, I look at it, and I'm like. I get panicky. A little overwhelmed.

[A]

Really get all sweaty and. Okay, now I understand not looking at it because of, like, yeah, it causes a lot of anxiety. But why does that mean that we continue the worstness?

[B]

That I'm just used to it.

[A]

Yeah, but if, you know, if you look at your accounts from the history of this last month with your bad behavior, that it would cause anxiety.

[B]

Yeah.

[A]

Then why continue that behavior if, you know the next time you look at your accounts, it would cause anxiety? Maybe instead we change the behavior for a couple months, and then we feel more comfortable looking at the account because we know we've been doing okay.

[B]

So I've tried to do that where I'll get really good, and then I, like, deprive myself of any kind of spending because I don't know what I'm not saying.

[A]

Don't believe it.

[B]

Well, I don't know what a good spending budget is. Like, I just don't factor that into When I'm looking at my bills and everything, I'm like, no spending. No spending at all. And then I do spend, of course. So we end up back here. And yeah, I try to do it, and I deprive myself, and then I get crazy and I buy a bunch of stuff.

[A]

I'm obviously gonna put you through our debt program, our budgeting program, to teach you the skills of how to do that. But you have to do it on your own. You have to take the education. You have to take the quizzes. There's a lot of things we're gonna do. And for the an part, I can do three free therapy sessions with Sondermind as well.

[B]

I go to psychiatrist.

[A]

Well, there we go. But we can get you three sessions if you want as well. And they can help focus on the money part. There's, I think, discount for the audience as well. There's a lot of different things we can do. There's a lot of different resources I have connections with that we can hook you up with. But you actually have to put in the work. You have to put in the work of talking to the therapist about your issues. When it comes to cutting back to zero. If you're not willing to look at an account and you're not willing to address whatever issues as a why you're not willing to look at an account, then we are never ever to fix this. It is simple as that. It's never going to be done if you are too afraid to ever get on there.

[B]

Well, it's not just fear too. I. I also don't have a lot of free time cuz I work a lot.

[A]

So you work like 45 hours a week when you work your normal week.

[B]

I have kids at home too, so.

[A]

Well yeah, they go to bed.

[B]

Yeah and I have to go to bed cuz I have to work in the morning.

[A]

For all of you that are spending a little extra around the holiday season, don't make this mistake. Between all the gifts, travel and gatherings, the holidays are a wonderful time of year. Now you wake up and start to feel the credit hangover. So don't fall into credit death and take the headache out of building credit fast with today's sponsor, Kickoff. Kickoff is the number one credit building app on the App Store with over 100,000 positive reviews, 98% of them being five stars. Trust me, it's perfect for you guys because so many of you are trying to fix past mistakes or just start building credit from scratch. Whether you're aiming to get approved for a car, a home, or just a better financial opportunity, Kickoff makes it simple. My personal favorite part is you can sign up in minutes from your phone and the app interface is super easy to use. Even my grandma could get on board. Kickoff lets you start improving your credit immediately, all for just $5 a month, no credit checks, no hidden fees and no interest. It's simple. Make on time payments, credit bureaucracy, good behavior and boom. Your credit grows. You can build credit in your sleep. With Autopay you never have to worry about missing a payment. And if your credit is under 600.

[C]

You could jump up like 28 points.

[A]

In just your first month. So don't worry about your credit and enjoy the holidays more with Kickoff. For a limited time, get your first month free. Go to getkickoff.com Caleb today hurry for a month of free Kickoff without the C Get K I k o f f.com Caleb must sign up via getkickoff.com Caleb to activate offer offer applies to new Kickoff customers first month only, subject to approval. Average impact a 28 point increase in first month based on Equifax Vantage score. 3.0 changes for Kickoff customers starting credit below 600 who make their first on time payment between January 2021 and March 2024. Payment and credit activity offset at Kickoff can have an impact on your credit. Terms and conditions may apply. Offers subject to change and individual results may vary. Like I said, worry less about your credit and enjoy the holidays more with kickoff. Head to getkickoff.com caleb and get started today. Thanks to Kickoff for sponsoring today's episode. Let's go back into it. No. Okay. What time do you wake up?

[B]

I wake up at like. Well, to get my son's school. I wake up at six.

[A]

Okay. How do you go to bed?

[B]

I go to bed around 8:30 or 9.

[A]

You could push it to 10 and look at an account you can also do it on. I know you have a day off.

[B]

Well, if I don't get like nine.

[A]

Hours, I know you have a day off.

[B]

Yeah, I've run a lot of errands on my days off.

[A]

Huh? It isn't ten to six. No. That's eight hours of sleep.

[B]

Yeah. I need like nine hours of sleep.

[A]

Even still, I'm not saying deprive yourself in life whatsoever, but even just putting them down for having them watch a movie or a show for a couple hours every other week, that allows you to start making progress at this, Huh? I know. I'm just saying you can find a couple hours a month. A month. I'm not saying a day, I'm saying a month. And if you're not willing to do that, then you're never gonna do this. And also look at them when you do it, because guess what?

[C]

It's for them.

[B]

Yeah.

[A]

Your retirement is nothing.

[C]

You're 24.

[A]

It wouldn't be substantial anyway. But you're not on track for anything. You're not taking advantage of any kind of compound growth or any kind.

[B]

Yeah, I mean, I'm forgetful when it comes to that stuff too.

[A]

What stuff?

[B]

Like budgeting?

[C]

No, that's why you have to take.

[A]

The programs and go through it and stick to the education. But being forgetful, it's not gonna do anything. Are you forgetful of your kids now?

[C]

Well, guess what?

[A]

If you're forgetful of your budget, you are in them. So in a way you are. Okay.

[B]

Yeah.

[A]

Right now you're investing that is instead going to bullshit or Going to Vegas or whatever it is and not in your checking account, causing overdraft fees, not making debt payments, causing late fees. That should be in your retirement compounding. So by the time you're ready to retire, you have a couple million bucks, which you could do even at 18 bucks an hour. We could get there if we. It put properly. Actually took advantage of time.

[B]

That's crazy amount of money.

[C]

It is.

[A]

But also, you have to remember money is going to be worth about half what it is now by the time we retire. But that's.

[B]

Yeah. Well, the Vegas thing was a lot. There was. There was a lot that went on there.

[A]

What? Huh? What do you mean?

[B]

So we weren't gonna go at first and then.

[A]

Correct. You should have.

[B]

We decided we were gonna go because My Chemical Romance was going. And they don't. They don't tour often. They just opened a new tour, but they don't tour often. And they were playing the Full Black Parade. So we decided we were going to go kind of like on a whim. It was like a month notice. So we got the hotel on my PayPal card and then my fiance booked the flight and then I got the tickets on Clara. And then.

[A]

On what?

[B]

On Clara? Yeah, yeah. One of my besties, Clarna. But then, so we got to the airport, my friend dropped me off, and it was the wrong terminal. And there was a whole mix up with the tickets where we got there super late. Not our fault, but we got there super late. It was the wrong terminal. And so we missed that flight. And so then my fiance, saying that I was upset, got a new flight.

[A]

Did you have to pay for it?

[B]

She paid for it.

[C]

On. I don't.

[A]

I just.

[C]

I'm so you guys. What do you not understand?

[A]

Just money, like the value of even a dollar. Why are you financing everything? It is hurting you. And then you end up missing payments.

[B]

Well, if we had to use the money that we were going to use in Vegas, we wouldn't have any money.

[A]

In Vegas because you obviously couldn't afford to go to Vegas if you have to finance to go somewhere you can't afford to go.

[B]

Well, it wasn't. We weren't supposed to have to buy another flight to.

[A]

You already cornered the tickets.

[B]

Yeah, we already had the tickets.

[C]

You already cloned the tickets. You did not pay for them.

[A]

You borrowed.

[B]

We klarna the tickets and the hotel.

[A]

Was on my meaning, you could not afford them.

[B]

Yeah.

[C]

How is this so complicated?

[B]

Well, we were gonna pay it off, but.

[A]

And, and where are we in the world? Of paying things off, missed payments over count over drafting.

[B]

Yeah, the tickets are paid off. The other stuff I haven't worked.

[A]

When was this?

[B]

This was October.

[A]

Okay, so this just happened. Meaning? I probably wouldn't be able to stop you from going to one in January if there was. Sake self assess. Where do you think you are today? 0 to 10 in a financial score range. 0 being the absolute worst, 10 being the absolute best. Where do you think you are today?

[B]

Oh, like a one?

[A]

Yeah.

[B]

Is that accurate?

[A]

Probably. We'll see at the end. I'll give you your real score at the end. But the thing is, if you know.

[C]

You'Re one, just take five minutes to look at your damn accounts.

[A]

Even.

[C]

I'm not even saying go deep depth.

[A]

Maybe you can tiptoe in until you figure it out, but just even understanding you didn't know how much came in, you didn't know how much left. You don't know how much you spent. I'm not saying go through every purchase, but you didn't even know.

[B]

Yeah, Anything.

[A]

And that is so dangerous.

[B]

Yeah, I mean, I just got that like dopamine. I spend money.

[A]

I know, I know. I. Everyone knows.

[B]

Well, I started my new job too, and I didn't have like clothes that would work. Super new job. The one, the retail job and Jimmy. So I didn't have a lot nine months ago. Yeah. So. Well, when I started that new job, I got clothes that match the style because it's easier to sell. If you're wearing the clothes that you.

[C]

Sell, you could have got just a.

[A]

Couple and repeated them endlessly.

[B]

Yeah, well, I. I went over how.

[C]

Much I. Yeah, no, that seems to.

[A]

Be how you do everything.

[B]

I did look into how much I spent and it was like four grand in the last seven months. Of clothes and shoes. I got shoes too. Every once in a while, I'll buy a gift from there as well.

[C]

What? Okay.

[B]

Because I get half off.

[A]

Because you get a half off, but you just can't afford to spend money. I don't think that's what so many people don't realize that end up in your position. It's just because you see a discount or just because you can see a justification why does not mean it all of a sudden mathematically actually makes sense. In the end, you are literally missing payments.

[B]

Well, I get half off because I make the top sales.

[A]

Congratulations. And guess what? You make the top overdraft in yourself. Like you win that competition too in your own life. All right.

[C]

Yay.

[B]

If I don't laugh, I'll Cry.

[A]

So cry then. Take it seriously.

[B]

I can't. I can't. I can't cry. I'm not a crier, am I? Anti depressants make it very hard to cry. But anyway, yeah, if you watch your.

[A]

Hammer Financial Score, it's free. Link in the description below and also feel free to come on the show Austin, Texas. It's a fun little experience, but I'll also get you some verbal punches and then connect you with a lot of resources and we'll figure out your financial situation. Go to caleb hammer.com apply easy application sample card. I mean just a start. Is huge for your income situation is huge. I mean it's your literal monthly income with child support and better job. That's crazy. Why the is. Why do you. Why is this so high?

[B]

Well, it used to be more. Used to be. I used to have a minimum payment of like 7,500 or a minimum. Maximum amount. Yeah. Allowed spending amount. That's what I was looking for.

[A]

Credit limit. Okay.

[B]

Credit limit. Thank you. Of 75. And then I paid a good bit on it and they lowered my credit limit after I paid it.

[A]

Yeah, because you can't be trusted with it. You can't be trusted cuz you're not a credit card person.

[B]

So. Yeah, I mean usually I use it to spend on because I get points back. Like a cash back.

[C]

You people. You people. That's going to kill me.

[A]

That is going to kill me. Oh, the credit card industry has won.

[C]

They.

[A]

They won the war, guys. I mean they, they won.

[C]

Well, everyone, the fact that you think.

[A]

You'Re getting it's 1.5% daily cash back is the Apple card. I have the Apple card. It's fine because every once in a while I need to get something in Apple.

[C]

I got a little Apple watch. Whoa.

[A]

But guess what?

[C]

Your interest rate. What is it? What is it? What is it?

[A]

What is it? You're 26.74, so you're getting 1.5% cash.

[C]

Back and then you're paying an extra 25%. So what the.

[B]

It pays for like my little work Bevy.

[C]

No, no, no, no, no, no, no, no, no, it is not.

[A]

Because again, you are paying. Hold on. Do we have to. Can I have the whiteboard? Can I have the whiteboard with a marker? I. I need to. I must have to draw this out. Thank you.

[B]

Visual for me.

[C]

Foreign.

[A]

Is smaller than.

[B]

Yes.

[A]

28. If both of these happen at the same time, what's the difference? 28 minus 1.5. What's the difference? What is it? You have kids, you teach them. What's the difference? Yeah, well, what's the difference?

[B]

It's like the minimum.

[A]

What's the difference? What's the difference?

[B]

Yeah, it's smaller.

[A]

What's the difference?

[B]

Yeah.

[A]

28 minus 1.5. What's the difference?

[B]

Oh, I'm not good at math.

[A]

28 minus 1.5. Take away one from 8.

[B]

26.5. I'm 24 years old.

[A]

So there's your. There's your delta. You are getting an extra 26.5% fee because every time people like you say, I'm getting money, and now you're trying to say, but it gets you your little drink. But, but, but it's not. Because, again, you are losing 26.5. 26.5 is what you are losing. It is actually preventing you from getting more drinks. How much does your drink?

[B]

It's like 2.50.

[A]

Okay, so next to my work. So $2.50.

[B]

Yeah. And then I get Starbucks in the morning.

[A]

You get Starbucks every morning?

[B]

Every morning that I work.

[A]

And you probably work five times a week.

[B]

Yeah.

[A]

Okay. Someone needs to shoot you.

[B]

Well, it get. You get good rewards, too. Like, you get a free drink after.

[C]

After you spend what?

[B]

It's a hundred stars every star dollar. So $100, you get free drink, and 100.

[A]

A hundred. You spend a hundred dollars, and you get like, $202.50. You get like, 2.5%, so you get an eight. Okay, so you get like, a little 8% thing.

[B]

Little.

[A]

Little 8% for every hundred you spend.

[B]

Right, right. Well, you do the reload on the app, and then you reload, like, the $10 whenever you order on the app, and then you subtract the drink, and then eventually, girl math, you get a free drink.

[A]

Oh, shut the up. That's a joke, right? You're not actually girl mathing.

[B]

No, it's. No, it's a joke, but it's true. You get, like a. You get an extra drink, but you don't have to reload that day.

[A]

You don't understand. The thing is. So. Okay, so it's what?

[B]

Yeah, you get a free drink.

[A]

Oh, yeah. I'm between, like, multiple examples right now. My brain is not $8 a drink. So you get 12 drinks. You get essentially 12 drinks. 12 drinks. I could get you 12 cups of coffee at home for $10.

[C]

$10.

[B]

I don't get to sleep as much. I make coffee at home. I wake up earlier.

[A]

You have to stop to Starbucks before you get to work. That takes time.

[B]

Well, what the are you talking about in the app. And then it's like already raving but.

[A]

You still have to wait whatever line is there. What the are you talking about? You could have to.

[C]

Hey, you could have the pre brew coffee.

[A]

You could set it up the night before or you can even cure. I get. You can still get 10 with it or. Yeah, well a pod can't be. It's like 50 cents a pod, right? You know how much you're saving? What's bigger? $0.50 or $8?

[B]

$8.

[C]

Uh huh.

[A]

So you have to spend $166.67 in order for that 1.5% to equal one of your $2.50 drinks at work.

[B]

Okay, okay. Well I.

[C]

Right, right, right.

[B]

Yeah.

[A]

But actually every time you spend that 166.67 over the course of the year after the Delta of the 26 point, what we agreed is in between.

[B]

Right, Right.

[A]

Correct.

[B]

Right.

[A]

Are we following?

[B]

Yes.

[A]

It's really not. You are literally losing $44.

[B]

That's on. That's what makes up like the minimum.

[A]

Payment again to you. You think you get $2.50 after $166 of purchase, you're actually losing $44. Let's do this. Over the course of a year.

[B]

Oh, over the a year.

[A]

That is 17 and a half of your drinks of work. This is huge for financial audit. For a year now, my team and I have worked with experts to create what I truly believe are the three best educational programs in the financial space. Online, we have our budgeting program where I teach you how to create, manage and revolutionize your budget and control your money. And then there's the investing program where I teach you to define what investing profile applies to you and your life and then teach what specific investing strategies applies to you in that situation. And now finally, we have our debt program where I teach you the best ways to pay off debt, manage debt, and even take advantage of good debt. This has been a revolutionary project that we've been working on for over a year now. And just like over 10,000 people who've already taken our educational programs, you can now take advantage of all three of them bundled together at a 15% discount. I've heard from thousands of people now who've taken these classes and they literally changed their lives for the better. And finally, you can too, at a more affordable price. Head to caleb hammer.com or click the link in the description below. You will not regret this. You if you actually did not purchase on this card, you'd be able to get 17 more drinks at work I.

[B]

Don'T always buy on.

[A]

Does that make sense?

[B]

Yeah.

[A]

I am trying to make the math work for you. Do you understand that because the 28 is larger than the 1.5 with the 26.5 in the middle. With the money you are losing purchasing on this card, thinking you are getting free stuff, you're actually losing your ability to purchase 17 drinks that you could have if you just used cash. Does that make sense?

[B]

I never carry cash.

[A]

A debit card. Come on, dude. Come on, dude. It could be a credit debit card. A debit card. You could. You can also put debit card on a Apple Pay.

[B]

Yeah, I do have it on there, too, but it takes longer than it would be that.

[C]

Why do I say that then?

[B]

Because it takes longer to transfer it from my bank.

[C]

Oh, my gosh. Who gives a. Who gives up?

[A]

You're going to use one account instead of making things overly complicated for every single.

[C]

But, but, but, but, but.

[A]

You say there is a simple solution.

[C]

There's a simple solution.

[B]

I feel like it goes a lot faster if I keep it all in my checking because it's, like, readily available.

[A]

Oh, we're going to give this back to mama Lindsay. Because I'm just going to keep hitting it. This is ridiculous. That is crazy. Jake is telling me if you like espresso, if you want to make a little espresso, fruity little drink, you can get a mocha pot for 15 bucks and it's close enough. There you go.

[B]

A what?

[A]

Mocha. M O K. A pot. I don't know, but he knows and he likes coffee.

[B]

Okay.

[C]

Yes. And you can put in.

[A]

You can froth your little monk and get a little frother for five bucks.

[B]

Espresso.

[A]

Espresso. I'm gonna punch a hole through this table.

[B]

They have the good syrups.

[A]

You don't give a kids.

[B]

I do.

[A]

No. You care about Starbucks more.

[B]

No.

[A]

Yes. That is what you're doing. Nope. You care about Starbucks more. You care about your sweet little dopamine hat. Then their future. They could have a. They could. They could have a college fund. They could have a college fund. Their mom could retire without having to go to their kids saying, I can't afford to live. I need help. And having to put their lives on hold in order to take care of you. You're actually choosing. You getting Starbucks over them. That is how it is actually working out in the end. Do you see that in the moment? Absolutely not. But that is how it is working out in the end. And that Is what you are doing.

[B]

Yeah, I. I want to do better for them. I really do.

[A]

Okay. Then why haven't you?

[B]

It's hard. It's hard. It's hard to give up the little thing.

[A]

Yes. Positive things in life, positive outcomes, big goals. They require hard things. They require some sacrifices.

[B]

Yeah.

[A]

Okay.

[B]

Okay.

[A]

I will allow you to use the fizz card. It's another one of our resources, but at least it's a debit card that builds credit. You talked about utilization for one or credit age. Whatever. You mentioned if you're going to use something, you can use that because it helps build credit, but it only allows you to spend what's actually in your checking account. And we know that you cannot manage for a single second what is in your checking account. So it'll at least do that for you.

[B]

Yay. It's a fizz card. Is it good?

[A]

Yes. I just explained.

[B]

Okay.

[A]

Oh, God. We want the spirit Halloween twice. There.

[C]

Oh, good. Oh, good. We did it.

[A]

You didn't pay off. You didn't pay off the. The. The concert tickets. You didn't pay off the concert tickets. You lied to me.

[B]

I did pay it off.

[A]

No, you didn't.

[B]

Yes, I did. I did.

[A]

Hey, shut the up. No, you didn't. Because here's the thing. You karna it. So you debted it. Wonderful. In order to pay for your debt, you put it on your credit card. So you debt paid your debt.

[B]

Well, I.

[A]

You debt paid your debt. You did not pay for it because now it is on this balance that is accruing interest.

[B]

I transfer. Transferred it from the bank and then paid it. Like I made the. You can see the transfers on there. Like, I made the transfer and then I made the payment because it wasn't enough on the card to pay it.

[C]

And that's because you didn't have enough on the. So that's not even you making that extra payment.

[A]

That's just you not having enough on the card to even make the bill.

[C]

What's the point?

[A]

You could have paid for it in your checking account. What's the point?

[B]

I signed up for it on there so I could get the extra points.

[A]

We just went over points.

[B]

I know we just went over points.

[A]

Doesn't work.

[B]

At the time, it was extra points, so I just.

[A]

Now it's a lot of extra interest. Yeah. You lost $82 this month in interest.

[B]

Yeah, that's why I had to pay to be able to use the card.

[C]

Huh?

[B]

That's why I had to pay to be able to use the cardigan.

[A]

Because do you not realize how that is if you have to pay because the interest is so high because you leave such a big balance on there in order to make another purchase on a credit card? Do. Are we not in a situation. Do you not understand how that would be considered if you. If the interest on the money that is already there is so big that it is pushing us to our limit and the only way to be able to spend on our credit card is by paying off a little bit of it.

[B]

Yeah, we're probably just.

[C]

Does that not make sense?

[B]

It's the minute I have to make the minimum payment anyway at the beginning of the month.

[C]

Yes, I know.

[A]

Oh my gosh. That's not the same thing as you putting a little extra so you can put it right back on, which will then just accrue the interest again. $82. Congratulations. You could have got 32 of your special little work drinks just in the interest accrued in one month.

[B]

It's just like. That also takes.

[A]

Gone taken away from you. Taken away from you. Because you are choosing to spend on here even after you make payments.

[B]

Well, it takes a long time to pay it off.

[A]

Are you ever. How are you going to survive in this world? No shit.

[B]

Yeah.

[A]

Yes, I know. It takes longer to pay off when you spend more on it.

[B]

Well, technically I'm not spending more on it because I've make it the payment.

[A]

Yes, you are. Yes, you are. Because the interest is accruing, allowing it to still go up. Okay, yeah, well, you're still making it net go up. You have lost it's borderline $1000 this year so far. You can't afford that. You do not make enough money to lose $1,000 a year. That is a substantial percentage of your income to just lose the interest on one of many things we're talking about today. One, you can't do that. Thousand dollars, $2.50. You could have got $400 of your work drinks, 400 of your work drinks literally in just the interest you lost from this one card. Cause you don't know how to manage it. And you don't know how to manage it. And then your excuse for purchasing, putting purchases on there is, well, you know, I made. I took it down from the absolute credit limit so I can put more money on there while interest is accruing. No, this is a joke. This is what a child does with their money. And you actually have real children. Okay. And you're going to pass this on to them because that's what happens. You're not going to be able to do the things you want to do when your Max gets. Your debt gets completely maxed out and you no longer have the ability to spoil them the ways they want to. And they're going to learn real hard and real quick what happens when. When things get. And we already know you've been married. So you follow the statistics of.

[C]

Yeah.

[A]

Not every marriage works out well. Only 50% of them.

[C]

Cool.

[A]

Congratulations. You need to protect yourself. I'm not saying you guys aren't going to get married. I'm not saying you guys are going to get divorced. But you've already proven early in adulthood that sometimes it happens and it is good for you to have a little bit of protection. What would happen without the large part of the income of the household right now? Know what happened? You wouldn't be able to pay on your debts. You wouldn't be able to survive. And yet you have the kids and the child support hardly covers anything. You are putting your children in a risky position that is unnecessary and honestly, quite disgusting because of where you are spending your money. All for Starbucks, all for whipped cream, caffeinated juice, all that.

[B]

Well, yeah. Is more important if we. If, you know, God forbid we didn't work out like I know my parents would let me move in with them too.

[C]

Why are we talking about our parents being our fallback?

[A]

It is okay to help people when they go through hard situations, but you get yourself in a good position where you don't have to rely on others. Not expect to rely on others. You rely on others only when there is no other opportunity.

[B]

Yeah.

[A]

All right. You know, I'm all about helping you avoid messing up your finances. So let me tell you about the Fizz card. If you're a college student or you're just not a credit card person, listen up. Fizz is a total game changer and it's a debit card. It's the best way to build credit and budget your money. With Fizz, you're not dealing with any hidden fees, hard pulls and no interest rates that'll eat you alive. It's just a debit card that builds your credit without costing you extra. And here's the kicker. Fizz links to your bank account and sets a spending limit based on what you actually have in there. So no maxing out on taquitos or impulse buys because Fizz keeps you within your means. Fizz doesn't just help you with better budgeting. It's a legit credit building. Plus, you earn cash back on the stuff you're already spending money on. So if you're ready to build credit the easy way without stress, debt or hidden fees, check out Fizz@Join Fizz.com Caleb or in the link in the description. And as a bonus for my audience, the first 10,000 people who sign up and use code HAMMER10 get a $10 sign up bonus. Try out Fizz today and let me know what you think. Are you serious?

[C]

That's gross.

[A]

That is so gross. That is you literally never maturing beyond a 15 year old. If you think I can just rely on mommy and daddy for my entire.

[B]

Life if something were to go to that's help me.

[A]

No sh. And that is okay.

[C]

That is okay.

[A]

But that is on the last straw. You are not preventing yourself from being in that position. That should not be your emergency fund as mommy and daddy. No. You have something set up and if everything goes to absolute and your parents want to help you of course. But they would be enabling bad behavior if they did help you because you never set yourself up for any kind of protection if something were to go bad. Because they're just allowing you to be a permanent 15 year old your entire life. Yes. Somehow you have kids.

[B]

Yeah.

[A]

Well, are they in your life financially right now?

[B]

My parents? Yeah.

[C]

What?

[B]

My mom helps me pay for groceries.

[C]

Oh good.

[A]

So that she can go to Starbucks every day. Mom. I think we should probably call her in the post show. We should probably call her in the post show and let her know because she needs to cut you off. She's enabling your bullshit. Go ahead. What else?

[B]

Well, she lets me instacart groceries to the house. Mostly for the.

[A]

She lets you be extra lazy. Oh my.

[B]

And my kids food. And then every once in a while. Except for me too. And I'm supposed to buy my own groceries. But you know, sometimes like I get really busy so I just eat like.

[A]

Busy standing in the line at Starbucks.

[B]

We're working too. I I.

[A]

You work 45 hours a week. Welcome to what everyone else does. Even those with kids.

[B]

Yeah.

[A]

You're not even a single parent.

[B]

I yeah, not technically single parent.

[A]

Does the fiance help?

[B]

Yeah. Yes.

[A]

Then not even close to technically.

[B]

And then if something comes up like an emergency, my parents will help me with that too.

[A]

That's an enablement. Listen, if their grandkids and that's probably the extra hard part. But people in your position need to fall on your ass so you actually know what it's like down there. You've never felt it. You've only bounced on the trampoline instead of Hitting the ground because of their support system. And it's allowed you to think that our emergency fund isn't important, doesn't require, require any sacrifices in order to build up any kind of safety net in order to protect me and my kids. That's actually gonna hurt you when your parents are gone. Then all of a sudden something bad does happen and then you can't take care of your kids. They're the ones get that gift. Your parents are enabling you and it's bad. It's bad. They don't know it's bad. They're doing it actually from a good place of their heart.

[B]

Yeah.

[A]

They just don't understand. And it's, it's. You don't even know. You need to have your ass hit the ground. And you've never felt it before. You've never felt the value of a dollar. You don't.

[B]

I work really hard for my.

[A]

You work hard. You work 45 hours a week. Calm down.

[B]

It is hard and it's hard.

[A]

Okay, then. Oh, then, then we all work hard. Congratulations. Okay, okay, okay. I've worked so many 40 hour jobs a week. Okay. We all do this. It happens. When I was doing sales, I was doing what like 50, 60, you know, working in the evenings, making sure, closing those sales.

[C]

Cool, cool, cool, cool. Wonderful.

[A]

Good for me. Yay. I'm not about it. But now balancing that with the kids, don't get me wrong, that is difficult. But the thing is, your money that could be going to groceries, could be going to cooking, all these things could be covering emergency bus is literally going to that you can spend $8 a day at Starbucks and that you can spend a dollar fifty cents for your second drink of the day at work. And then I'm sure you have a little evening sweet treat because you always probably do.

[B]

It's mostly energy drinks.

[A]

Let's move on to the next card. $121 minimum fee payment on that Apple card, by the way.

[C]

Oh good.

[A]

The Discover, it is somehow higher.

[C]

Oh no, it's not that.

[A]

Your Discover is literally over the credit limit, but we think we can go to the Starbucks every day.

[B]

Well, that's.

[A]

Then you go to Starbucks every day. A lot of finance YouTubers are like, oh, never go to Starbucks. Invested in stuff. I'm not even that person. Go to Starbucks when you can afford an emergency. If something bad were to happen in life and as long as you are making sure that you're at least putting some aside for retirement and you don't have high interest debt, you're over the max on a credit card and you're going to Starbucks every day. That is not acceptable. You are not entitled to that. I don't know who you think you are and why you think your life and your sweet treat is more important than your kids. That's what actually pisses me off and why I'm being a bit rambunctious. This episode is because this isn't just affecting you. It's affecting two people that did not have a choice to be brought into this world. You are their future and putting them at risk. And it's disgusting.

[B]

Well, the. Normally that's not over the limit. I just missed the payment.

[A]

Normally it's not over the limit. It's over the limit and that's all I care about. That's all that's there is. It's over the limit.

[B]

I missed him out on that one. So it went over just a bit.

[A]

Now. Why are we missing payments?

[B]

Well, I forgot about that one. That one just like went over my head a little bit. We can forget the I missed the cut off for it to be on time and then it went over the credit limit because of that.

[A]

Why is it on autopay then?

[B]

I don't do auto pays really on most things.

[A]

Because you don't know how much money is in your account ever. Because we don't budget, because we don't look at our accounts. Because looking at our accounts is scary. Because we miss payments. It's a revolving circle. You make it worse, it makes it harder to look at it and you don't look at it makes it worse. This is what's always going to happen. There's issues right there if you need it. I appreciate the fact that emotions are actually hitting that is important. I am not here to try to make the emotions hit. But the fact that it's actually landing and the wake up call, which is the purpose of the show is actually working is a positive sign. Not that I would want anyone to shed tears. It is. Okay. I'm not usually a cry exactly, but it is. You are having it. Maybe we're thinking about the kids. We're seeing how this is actually negatively affecting our kids. Kids for the first time in our life. And maybe that's an important thing because maybe that's the kick the fire you need under your ass is actually seeing that.

[C]

Oh, wow.

[A]

This is not just impacting me, this is impacting them. And maybe that's actually what gets you to change your behavior. And that is not a bad thing. That is not a bad emotion. To have that is very natural.

[B]

Yeah. I want to do better for them. I do. I want to do better for them. We have a good example for them.

[A]

How long were you with your ex? The. The father of the kids was your first ex husband. How long were you guys together?

[B]

Five years.

[A]

Okay. What happened?

[B]

It's kind of a long story. So he went. He wanted to do the military. And then he was like, he knows that I'm like very codependent, like really attachment style. So he was like, get a girlfriend while I'm gone. You know, like it's okay. Like it was kind of an open situation. And then we got together and when he came back, he didn't really want to be a part of that anymore, so he left. RIP yeah. Ripped that marriage. But here we are. I'm happy now, so.

[A]

Well, that's good. Discover at 4 or $5,413 and 83 cents. The minimum payment.

[B]

It's a lot.

[A]

It's more than a fourth of your. Oh, no, no, no. I did that math. Well, hold on. Wait, what did I do? No, it's like. It's more than an eighth of your entire net income, actually. Probably gross even.

[B]

What? What is it? What is it?

[A]

$52.

[B]

I think that has the last amount too. Like a past due as well. Yeah.

[A]

How long is this? If you just make your minimum payments and no purchases. You didn't make any purchases because you.

[B]

Kind of know I froze it. Because I froze it too.

[C]

Good.

[A]

Okay, but how long does this take to. It take to pay off? If you actually pay your minimum payments, how long does it take to pay.

[B]

Off all of that?

[A]

Yeah, just. Just this credit card. If you don't miss your minimum payments, how long does it take to pay off?

[B]

Probably a year. It's like five years.

[A]

Five years? Yeah. You'd be old.

[B]

Be old.

[A]

You'd be. Well, maybe my age, so I guess not that old. You're 29. Five years, right? Yeah.

[B]

I feel like I'm getting old. I'm having a little.

[A]

Yeah, you'd actually be 44.

[B]

Oh.

[A]

It takes 20 years to pay off. And that's if you don't miss payments and you're missing payments.

[B]

Yeah, well, I. I just thought the paying. The monthly minimum was 44.

[A]

Setting up the second half of our life. 44. Just for some fun little starbie spending when we were in our early 20s, thinking we're being cutesy and getting a sweet little drink via girl math. All because of that. Paying a minimum monthly payment while having basically no retirement at 44.

[B]

Yeah, that. That's when I'll be having that fun. Midlife crisis.

[A]

Yeah, the crisis is now. If you don't see that yet, your credit score is basic. It's barely over five hundreds. And over the five hundreds, you're lucky. You're lucky it's in the sixes. Yep. Late fee, 41 bucks. So it's probably like a 250 normal minimum to pay, but you got to make that back. Okay. Plus the fee is 41. I mean, let's see here. Gosh, I don't want to rage into you because I see that it's actually starting to work. I see that it's actually starting to work. And I don't do it just to like hurt or anything. I need it to. I need you to get the wake up call. And you're starting to get it. So it's just like. Okay. But the thing is, the thing is we're only. We're only two accounts in. You've likely missed three to four payments this year so far. With how many fees have hit this account, like we're talking a quarter or more of the year. You've not made payments. This is not acceptable. This is not what an adult does. And you are many years into adulthood now. You are not 15. You are not mommy and daddy's little girl anymore. You're not. And the fact that they enable this is disgusting. They don't know it. They're doing it nicely, but it is.

[B]

Yeah, I.

[A]

Three to four missed payments this year.

[B]

I'm forgetful.

[A]

That's not an excuse. It's not. You can have auto pay, but then you have to have your checking account figured out. And by that you actually have to look at it. There's so many alternatives that we can do. There's a whole path we can go down that is. It doesn't matter if you're forgetful. You can be. Okay here. Forgetful is not an excuse. It's not. They have systems in place for you to be forgetful and still make your payments.

[B]

Yeah, that forgetfulness is like. Yeah, it's really bad with money.

[A]

4 of 11 months this year. 4 of 11 months this year.

[B]

I didn't know it was that many months.

[A]

Well, it is in $1,500 loss in interest. So now 2,500. Two cards. 2,500. It's what comes in via payroll on a single month for you. You've lost a month to month of income and interest on only two accounts we've looked at so far. A month of Income?

[B]

I. Yeah, I guess I don't really understand interest.

[A]

Okay, so this is at an interest rate of 27.49. Whatever your balance is on there, essentially take that, figure out what 27.49% of it is. Take that divided by 12, because that's how many months is amortizing it across the year period. And that is what you're charged on that monthly basis. So the balance, your next interest payment is likely going to be with the current balance on this card of 5413.83. Cool. So we're going to take that Times that by 0.2749. Wonderful. And it basically comes out to the interest you've paid this year. So that's obviously no shock. Divided by 12, probably in $124 of interest accruing on this next month, which is very similar to your previous balance, which is lower because. Because before you miss your payment of 140, wait, $120 being lost. So your interest is actually going up because you're not making a payment because the balance is getting larger. Does that make sense?

[B]

Does the interest go up if you leave it like longer than it is?

[A]

Yes. Well. Huh.

[B]

So if it's been like a few years ago that some of the purchases.

[A]

Were the higher the balance goes up, that's all that matters is the balance balances. And if you miss payments, the balance goes higher because you get fees and you miss the payment. So you're not making progress towards it.

[B]

Right. Okay. So it doesn't matter if it's from like years ago, because I definitely had that card for a while.

[A]

No, that just shows a pattern of behavior, which is also why we're. I just want to give you an example. Listen, this morning I bought some S&P 500 in my brokerage account, my Moomoo brokerage accounts, the investing app I use. This year it's done 20% s P500 return, which is an incredible year. It averages about 10 a year. The interest on this card alone is 27. You're even in one of the best, I think it's considered the best year so far this millennium of the S P500 performance at like 22 or something like that, even, maybe 24. No matter what, even with the best year this millennium, the interest on one credit card you have is worse than that. That's how bad this is. Meaning no investment you ever make unless you get some random startup investment, which basically no chance of that, no investment you make will ever outweigh how bad this Is for your money. And then we have a car. Oh, a $21,400 balance on your income. How. In what world. When did you get the. What even is the car?

[C]

What's that there?

[B]

2019 Honda CR V. I bought it used.

[C]

What was the purchase price when?

[B]

It was a couple years ago.

[A]

There's still 44 months remaining on it. And you purchased it 12 years ago. I'm gonna die.

[B]

I got a good interest rate on it. I think. You told me it was a good interest rate.

[A]

They told you it was a good interest rate. I don't have an interest rate on here. What is it?

[B]

I think it's 4.7%.

[A]

That's not horrendous. But you have a balance you cannot afford with a minimum monthly payment. You cannot afford this minimum monthly payment again is over an eighth of your good version of take home pay after child support with your new job. Right now it's almost. Almost a fourth. Right now it's almost a fourth of your current income. This is crazy.

[B]

Hey, more when I got the car.

[C]

What are you doing?

[B]

Restaurant management.

[A]

You might have to do that again.

[B]

Stressful.

[A]

I don't care. Because. Do you. You're stressed at looking into an account. So like you need to choose the stress. And I think you might need to make more income and then also just not spend as much. $21,344. Balance is insane for you. What's the car worth?

[B]

I don't know.

[A]

$17,000. So you're underwater by $4,000. Yeah. It's actually not the worst, but it's still not great.

[B]

Yeah, I had a smaller car that.

[C]

I traded in, but it's clear as.

[A]

Day why you cannot afford this. Because again, we are mother passed due two accounts in a row.

[B]

Yeah, that was because I thought that I could split it into two payments of the month, but that second payment came after the due date.

[A]

This is clear as day that you could just not afford this. You can't afford the last credit card. You don't. You can't. You don't know what you're able to afford. You don't know. You can't afford this. It is clear as I really need.

[B]

A bigger car because the car seats and everything. And I have two dogs. So if we go anywhere, you know.

[A]

I think the dogs need to be watched then. And I have two dogs. I love them. I would take them everywhere as well. But like, we can't put getting evicted, you know, a potential eviction if things go wrong. That's, you know, I think it's okay to have a slightly smaller car. Being able to take the kids everywhere still. Yeah, I think that's okay if it avoids being evicted, buddy. My parents had three kids and I rode around in a small ass sedan my entire life.

[B]

I had.

[A]

Cars are getting bigger and bigger and bigger. What did you think everyone has done forever? People, even the cabins of trucks used to be like this big. And they fit like six people in there. Before a kid would sit in the middle up front and then three in the back. What are you talking about?

[C]

This is not some unique thing.

[B]

Well, at the time there were three adults.

[A]

You are trying. You are trying to justify this and it is not gonna work. You need to realize it is bad because you will try to justify it again in the future. This will feel too small and you'll have to get a bigger one or something to get her a bigger place to live. The kids are growing.

[B]

It's like you get a big place to live, huh? We did get a bigger place to live when we moved here. So the rent was.

[A]

And what's the total rent?

[B]

$2,320.

[A]

It's a third of your income. Is your. Your half.

[B]

My half? Yeah.

[A]

You didn't have a fiance. You'd be done. You'd be done.

[B]

If I had my parents.

[A]

If you didn't have your fiance. Oh, you're right. Your parents. Because. Because we can rely on our parents. Parents instead of being responsible ever. It's very cute. So $538 minimum payment. But of course we owe double that because we're behind a payment. This is insane. These are the acts of a child. This is. These are the. Because your parents have supported you forever through any time. This is. It is as clear as day that you just don't even. Not only do you not respect the dollar, you just don't understand the dollar. You are ignorant to the dollar. You thinking it can afford so much more because you've never had to actually be responsible with money. Because your parents have just babied you forever.

[B]

And the baby? I'm the youngest. Two brothers. Yeah.

[A]

You have kids. So I don't give a f. I don't care anymore. It's not about you anymore. Yeah, it's not about you anymore. Did you start dating your fiance while your ex husband was overseas?

[B]

No, it was right before he left.

[C]

Left.

[B]

And it was just like you were.

[A]

Dating before you left still. So while you were with your husband, you were dating your current fiance?

[B]

Yeah, like they. They were friends and knew each other they were friends after the fact. They were friends and like everyone got along. So it was. It was a good situation until you just didn't want to do it anymore.

[A]

I'm sure he had a couple fun evenings.

[B]

No, never that.

[A]

Oh, never mind. Poor guy. He really got the end of it. Kicked down. Didn't even get to have fun. Okay. PayPal credit's only gone up. Great. Because we made a little over minimum. See, but it doesn't matter. Minimum is 57 paid 151. That's awesome. Congratulations. That's a good job. Wonderful. Lovely. I love it more than anything in the world. But then you purchase 638.52 so it doesn't matter. And then. Oh, we're at credit limit. It's $4,036 on here. Credit limit is 4,100. So you're at it with $17 30. $17.73 of interest accruing. Wonderful. Takes 16 years to pay off without purchasing and doing the minimums. But you always purchase.

[B]

That one's hard cuz the online shopping, subscriptions.

[A]

Apple Bills. Apple Bill.

[B]

Yeah, Apple Bill.

[A]

Four Apple Bills. Target and Rose. What's Rogue?

[B]

A Rogue is a clothing brand.

[A]

You get a discount, look like an emo animal for the rest of your life. I don't care.

[B]

An affliction collab that my store didn't get. So I bought it off.

[C]

Oh my gosh. You just don't have money. You don't have money. Why do you get this? Why do you think you deserve.

[A]

Because you don't. Because your parents. Because your parents. A lot of this comes down to your parents. Honestly, I blame them for a lot of this. It is 100 your fault. But it's an additional 15 their fault. What a joke. It's because it's. They destroyed your entire early adulthood. Oh, there's more. More. Target and Target and Target. What are we the are we getting from target for 11.91?

[B]

That was nail polish. I bought nail polish.

[A]

What about all the other little purchases?

[B]

Oh, the other ones were. I was redecorating my room because my room was in empty.

[A]

Your room? Don't you have a fiance?

[B]

Yeah, our room. Like our.

[A]

Have her do it. She's the one with money.

[B]

It was.

[A]

Does she know her fiance is literally underwater dramatically?

[B]

Yeah, she knows.

[A]

What is your guys even conversation about money? Do you. Does she know your financial situation?

[B]

Well, she sounds a lot like you when we're talking. She's.

[A]

Yeah. You do nothing.

[B]

I. Yeah, I get kind of defensive when I talk to her, I like an unbiased opinion. And on it.

[A]

Unbiased you is what I would say. Unbiasedly.

[B]

Yeah.

[A]

So you're being stupid with your spending. You've had missed payments this year so far on this card. Probably two.

[B]

I don't think I missed.

[A]

Yes, you have. Yeah. Yes, you sure have. This year. Absolutely. Or over the credit limit fees. I don't know. But you've had, well, it looks like two missed payment fees. So well done. You don't even know. So, yeah, let's redecorate our room. We miss payments constantly and we're over and behind on our car and that gets behind enough and the car gets repoed. We lose a car, we can't get to work.

[C]

Oh, no, we don't have money.

[A]

See how this works? See how this works? 30 interest on here. What are we doing? What are we doing? So your fiance's right. She's right. Do you know her financial situation?

[B]

She doesn't have any debt. She's smart with her.

[A]

How are you guys going to get married? You're going to be an anchor.

[B]

Well, that's also another reason why I'm not ready to get, like, officially married because I don't want to drag her down. And then some of the target is also like buying toys for Christmas or just for my kids. The target thing.

[A]

And then we have a separate target card.

[B]

Yeah, well, you get 5% if you use the target card.

[A]

What have we learned? I want to give you free money right now. I've partnered with different resources that will literally give you hundreds of dollars the moment you sign up for them. Check out my investing app of choice, Moomoo, where they give you up to 15 free stocks and 8.1% interest on your uninvested cash when you sign up with my link. Do you want a more traditional savings account? Check out where I keep my emergency fund, SoFi, where they'll give you 4.5% on your money and up to $300. Would you rather have automated investing? Sign up for ACORNS with my link and you'll get $20 right now instead of the usual $5 you'd get from your friend's referral. You can also sign up for our investing program and get $100 in cash deposited into your Moomoo account. This is the best way to learn what your investing profile looks like and what investing strategies to use based on that. All of this free money is linked in the resources section of the description below, so don't pass up the free Money. Because I'll punch you. What have we learned?

[B]

Percentages don't equal how much you lose.

[A]

What do you think the interest rate on here is?

[B]

No clue.

[A]

20, 27.65. So you're losing 22%. Is that worth it?

[B]

No.

[A]

No would be the answer. Correct. It takes six years to pay off. Even the small ass balance of a thousand dollars as far as credit cards go, still takes six years to pay off. You have no idea the consequences of everything you have done. You have no idea. And that is why you are swiping with no fears. Welcome to the real world and what is actually happening. These numbers, you'll never know unless your parents cut you off. Oh, good. We're at the max. We're at the limit because of the limits. 110038 minimum payment. Wonderful.

[B]

They didn't give me much on that one.

[A]

And nor should they. 26 of interest is accruing plus more. 80 cents.

[B]

It's a lot of like fees on that one.

[A]

You may have been late on every payment this year so far on this card. You may legitimately have been late on every payment this year so far on this card. Every month. Every month this year.

[B]

I mean, I kind of have a reason that the.

[C]

You got a Starbucks every day. Your reason. Hey, five days a week you go to Starbucks. $8 every time you go to Starbucks. Congratulations. That's $160 to Starbucks every month.

[A]

Your minimum monthly payment is $38.

[C]

You have no reason. Not a single reason. Or.

[A]

But go ahead and try.

[B]

Well, it's. So the payment day is on like the fourth and that's like right after rent. So usually rent hits and I have to pay my half the rent and then I have no money left.

[A]

You'll be early budget, figure it out. Don't have more than a billion different accounts. Again, a lot of the solutions involves you just. Again, if you would have the money, the rent wouldn't take all the money. You would have extra money if you weren't spending 160amonth on Starbucks.

[C]

Is that a crazy amount of money?

[A]

No, but for your financial situation, it's obscene.

[C]

It's insane.

[A]

You're missing every payment on this card this year so far. You do not get to have a little sweet treat. You already have an espresso and your fiance will buy you pods if you ask.

[B]

Yeah, I should probably say yes if I ask.

[A]

Is working in retail even smart for you? You can't not spend money while you're in retail. Sounds like you're in a mall.

[C]

So you're just gonna be stopping swiping. Swiping. You probably don't make it to your store without orgasming from swiping somewhere. Oh, sorry.

[B]

I. Yeah, I mean it's. It's really what I love to do though.

[A]

It's what you love to do. That's your passion is shopping all year?

[B]

No, not shopping, but working in retail.

[A]

Yeah. I don't care right now. I don't care. Or you're working retail in a strip mall where you have to live on car dependence and misery. You love Target, Work at Target. It in a strip mall.

[B]

In short mall. Oh, like the little shopping center.

[A]

Yes, we're middle aged moms on benzos are just picking up random things.

[B]

Yeah.

[A]

To try to fulfill their empty lives.

[B]

Yeah, well, I mean I try to save money on.

[A]

You don't try to do anything. What are you talking about?

[B]

Because I take my Stanley cup cups to work and I fill them with water so I don't have to buy water bottles anymore.

[A]

Congratulations. You literally did the most basic thing that every human already does. Are we high fiving? Well, what, where, where's the big celebration? Where's confetti coming from the ceiling?

[B]

If you buy like the limited drop.

[A]

Do we have fireworks set up for this occasion, guys?

[B]

Limited edition. You can resell it for more. And I have sold.

[A]

Wait, wait, what are you telling me? What are you telling me? Are you saying you buy Stanley's ongoing? You made it sound like you bought a Stanley to not get water bottles. What are you saying right now?

[B]

So I buy the Stanleys that come out. You buy ongoing and then I sell them if they're like a good drop.

[A]

How? If they're a good job. What if they're not a good drop?

[B]

Then I keep them.

[A]

How often are you doing this?

[B]

I have.

[A]

How often?

[B]

Well, it depends on if the drop is going to be often. Probably like every other month.

[A]

You can't afford this. You can't afford life. You don't understand. You are pretending you make 130,000 hours a year. That's how you're living. I'd be afraid if you actually did make 130,000 because then you'd be spending like you make 250. I don't even know how to combat that. Doesn't just stop. Simply stop. Why have that risk? Just why have that risk? You are missing every payment on this card. I don't give a about a Stanley resale. I don't give a sh. I don't give a sh. I see you almost starting to talk. But I do not give a sh. I don't. You are missing every payment this year so far on this target card. I don't give a. About reselling a Stanley Cup. It's as simple as that. I don't give a. I give a. About your kids. How about that? So 500 stolen from you. And fees and interest this year so far on this card. So across all the cards, what are we at? We're at with fees and interest. We've lost $3,500 this year so far. Okay, so now you've lost a month. An entire month of your new brand new income plus child. Child support.

[C]

Gone.

[A]

Taken from you. Obliterated. Destroyed. Ruins Baylor, Scott and White. 25. $25. Why aren't we making a $25 p. What do you.

[C]

What's wrong?

[A]

Oh, so that's not the entire balance, is it?

[B]

No, no, it is.

[C]

It is only.

[A]

No, no, no. Okay.

[B]

Sorry. That's why I. Payment.

[A]

So you got on a payment plan? Yeah, that's fine. I'm okay with getting on a medical payment planner. You need. So $25.

[B]

It's for my psychiatrist.

[A]

300. So one thing that just build forever.

[B]

I don't really know how that works. It didn't used to get billed for it and at some point they started billing me.

[A]

Did your insurance change?

[B]

Yeah, my dad's insurance changed.

[A]

Well, that would probably be why.

[B]

Yeah.

[A]

Don't you think that would probably be why?

[B]

Probably.

[A]

Well, you said for some reason. I think that's a reason, yeah. Okay. I'm irritated. Okay.

[B]

There is a. How often you go to psychiatrist? Once a month.

[A]

Okay. How much is each visit?

[B]

I think they're. Well, they wanted me to pay 90 to go to my next one, so I didn't get to go.

[A]

Sounds about right.

[B]

Yeah.

[A]

Cool. You're on your dad's health insurance.

[B]

Yeah.

[A]

You're not going to be in a couple years. So what does your work offer?

[B]

I don't know what the new work offers ask. Yeah, I believe they offer.

[A]

Maybe it's better for you. Maybe you get on a higher cost plan on a monthly basis, but it actually saves you more because you go in so often. But I'm okay with the medical payment thing. It's fine. I'm not against that. What I'm scared about is if you Never pay your 90 and this and is always a 25 minimum payment, but we're adding 90 to it every time, it'll be an infinite debt that never gets paid off and that I don't like that is scary.

[B]

Yeah.

[A]

We have an additional 556.

[C]

Oh.

[A]

To Baylor, Scott and Wayne. So what's this now?

[B]

I had. I got in a car accident and when? Like a month ago. It wasn't that bad, but I had to get an X ray up my neck. And that's what that was from.

[A]

You have. Are you on a monthly yet?

[B]

I think that their insurance is supposed to pay for it.

[A]

Okay, then I'm gonna cross it off for now. Their insurance? Who's their insurance?

[B]

Hit me.

[A]

Oh, Gotcha. Okay.

[B]

I don't know how to send that to them, though.

[C]

Is that all the debt?

[B]

There's one more card, a Wells Fargo card.

[A]

Did I misplace it?

[B]

There's a lot of Wells Fargo accounts there.

[A]

Oh, but. Oh, there it is. I did misplace it. I didn't even know this one existed. And we're all. The credit limit.

[B]

I have. I actually have a reason why that one is.

[A]

Yeah, you have a lot of reasons, and they've all been bull so far, but go ahead.

[B]

So I did their hardship program where they. I guess they closed the account. I didn't know that's what they were gonna do.

[A]

Yeah, why would they trust you?

[B]

And then I asked them to set up a auto payment for the minimum, and I don't think they did it right because it hasn't been coming out.

[A]

And it looks like you're still on it. You're not getting, like, consequences for not making a payment, but you are. No. Yeah. No. You're past due. Past due. $93.

[B]

I even made the payment and it said that I was still past due, so I'm a little.

[A]

Well, you're probably past due a lot. And you didn't make up the full amount. You were past due.

[B]

Oh, over the credit limit.

[A]

No, no, no. You may have been past due even more and you didn't fully make it up. But also the over the credit limit. Yes. You're at 1% interest.

[B]

It's the hardship program.

[A]

Yeah. No, you're lucky. Well, Targo's actually very nice for doing this to you because you're not necessarily.

[B]

It was a college backed cash card, so that was my first car. So maybe they're more forgiving of their hardship program at this point.

[A]

They just want their money back. Oh, for sake. Yeah, we've missed every payment this year so far again. Plus 600 of interest accrued. We're now to like $4,000 in interest, which is over your better version of your income, plus child support. So it's all. It's all. Nah. 4404th. About 4250 now is where we are. A year is gone. It was in over a month of your better version of your future income or two months of your current. You've lost two months of your current income. Two months of everything. All the hours you put in for two months are gone in interest.

[B]

Yeah, that hurts. That's a lot of work.

[A]

Yeah, if you didn't talk. You remind me of Billie Eilish with braces. And then you talk and then you don't.

[B]

I just got my braces.

[A]

Congratulations. Did you pay for them?

[B]

Me and my mom pay for them. And it's a monthly payment.

[A]

So that's a debt. Yeah, but that is an additional debt. What do you pay towards it?

[B]

I pay.

[C]

And for how long?

[A]

What's the balance?

[B]

It was 7,000 and then. Hey, me and my mom split the payments back and forth.

[A]

Okay, so 3, 500. What's the payment?

[B]

I think it's 275amonth.

[A]

And you pay it every other month?

[B]

I paid every other month.

[A]

Let's break it down on a monthly basis then because you need to save for it on a monthly basis the way you do it. So 137amonth.

[C]

We didn't even know about this.

[A]

They didn't even know about this.

[B]

I did. I did. I have a dentist payment.

[A]

Do you know it well?

[B]

I did.

[A]

I don't even know. I think it's like a 97 month university payment. My gosh. Okay, you just gotta start being a adult dude. And you're financing everything in your damn life.

[B]

I have a dentist payment too because I had to get some fillings before I got my braces on.

[C]

There's more debt.

[A]

Okay.

[C]

What? What?

[A]

What's the balance?

[B]

It should have like 800 left on it.

[A]

Minimum monthly.

[B]

It's 232 60amonth for that one.

[A]

Oh my.

[C]

What are you doing?

[A]

You get your minimum month is have to be at your income at this point. I never add up the minimum once it's this early. You're unique. You certainly act like it. Mommy and daddy. No, it's not your angle. But we are at What a crazy $1,530 68, 69 cents on a monthly basis of minimums. That's insane.

[B]

Is that with rent too? That's not what. Rent too. I can't do math.

[A]

I said your debt minimum.

[B]

Oh, debt minimum. It's a lot of numbers going around. I'm not a numbers person.

[A]

So. Checking account. Let's see. Any other debt?

[B]

Not that I can think of.

[A]

84.15 in our checking accounts. Insane. You can't make. You can almost make none of these payments except for a couple small ones. And yet there's Starbucks right there. Guys, we got Starbucks the same day that we overdrafted. Well done. Are you kidding me? Come on. What a joke.

[C]

And then we doordash dollar in general and Target.

[A]

And we know it wasn't groceries.

[C]

More overdraft. There it is.

[A]

Cause the Verizon Wireless 444 came out.

[C]

The. Is Verizon Wireless 444 the.

[A]

Possibly.

[B]

So I have three lines right now. That's mine, my fiance's and my ex husband's. He got on his own. And then there's a few devices.

[A]

So you do have more debts.

[C]

You have more debts. What a joke.

[A]

We're all for bouncing our checking account for devices. More Target and Elmo Coffee and Starbucks. Chipotle Oz, Hans Burger.

[C]

Uber, Uber, uber, uber, uber. Bars. Festival. Bars. Bars. Bars. Bars. Bars.

[B]

That was all Vegas bars. The trip to Vegas.

[C]

Yeah, it was all money.

[A]

You didn't have your overdrafting.

[C]

I don't give a merch.

[A]

Merch.

[C]

Uber. Sorry. Not sorry. Uber. Char House.

[A]

Famous pioneer.

[C]

Auntie Ann. Doordash and Taco Bell. Bell. Doordashing. Taco bell. DoorDash and McDonald's. Starbucks selling out $10. The firm payment. DoorDash Marco and Starbucks and Uber and going in and getting some energy drinks. Target. DoorDash and McDonald's Bark Box. You can't afford any subscription. Good luck. DoorDashing Dollar Tree again. Moody. Moody Violet Crown. Starbucks. Coca Cola. Starbucks Overdraft protection. That way we can get our Coca Cola and Starbucks and Starbucks and PayPal and Hot Topic. Oh, we have to get Emo in every way possible.

[A]

And Dutch Bros and Ulta and Doordashi.

[C]

Dollar and then Goodwill and McDonald's and JK Sweets. Starbucks Hot Topic at the ends. Dutch Bros. Zoomies at the end. Stordash and McDonald's. Spotify.

[A]

Circle K getting some energy drinks.

[C]

Zoomies at the end. Zoomies at the end. Zoomies. Yahoo+Support.

[A]

What the are you Yahoo+. Who even knew that existed? Only you.

[C]

Empty And Auntie Ann's doordash. Yeah. Working in the most dangerous. You can't stop going anti hands.

[B]

That's right.

[C]

Doordash on your way home instead of picking up McDonald's DoorDash. Marco Slab cream from the mall. Cosmos Popeyes from the DoorDash.

[A]

Another subscription.

[C]

DoorDash and McDonald's Grand Donuts. Chick Fil a Starbucks, Spencer's Gifts. You can work at the mall. You can't work at the mall. You can't come close to a mall.

[A]

You need to pretend that it's like a school and you're a predator.

[C]

You can't even come close to a mall. You don't know what a mall you Taco Bell, Starbucks, Bath and Body Works.

[A]

And going in and getting an energy drink.

[C]

What the was that?

[A]

Checking account for someone that makes no money.

[C]

Their debt is a third of their income on a minimum monthly basis. They miss all payments on two credit.

[A]

Cards that are behind on a car payment.

[C]

What the possible have I just witnessed? What a joke.

[A]

Two kids.

[B]

Well, I door. So the doordash is when I'm at work because the mall food is when.

[C]

You'Re at work and you have mall food. You have a food gore right there. You stop at Auntie Ann's every second of your life in your DoorDash and McDonald's to the mall. To the mall. Your DoorDash and McDonald's to the Mall. What are you. What in the possible even is that?

[B]

So the mall food is really bad. People have gotten sick from there. People have gotten sick.

[C]

You're making me sick. This checking account is sick. Your finances are sick. Your finances have cancer.

[B]

Well, the anti an is is also like drinks. Cuz I get a couple of drinks when I'm there. The auntie an shut the up. Okay?

[C]

One cent in savings. All that spending at the door, dashing.

[A]

To the mall and we have one sentence savings.

[C]

Believe it. What mall?

[A]

What mall?

[C]

Oh, it's fine, it's fine. I've been, I've eaten. It's fine. At the food place. You can get a damn cookie, you'll survive. Doordashing to the mall. Stop it, stop it, stop it. I was gonna set you down with.

[A]

One of our financial advisors. That don't mean money where they get free sessions and I God get you a free session.

[C]

But I'm not even gonna they'll look at that and they'd be like, what the.

[A]

This person's 13.

[C]

That spending is the most insane stupid thing ever.

[A]

And then you have Verizon of 450. I can't even set you up with helium. I can't even set you up helium. Because you don't owe on your phones.

[C]

Oh, because you owe on your phones.

[B]

Yeah. Oh, the phones. And then I have a tablet.

[A]

No, you don't sell.

[B]

I still owe on it.

[A]

Yeah, and you're selling it and you're putting as much to it. As you can.

[B]

Can I sell it?

[A]

Yes, yes.

[B]

So I have the other.

[A]

Or just go back and like try to give it like you can't. You can't return it but you can like trade it in for just cash really.

[C]

I don't know, talk to them or.

[A]

Sell it and pay more based on what you get.

[B]

So I. I had tried to switch to an Android.

[A]

Oh you tried to switch. It wasn't.

[B]

That didn't work. So I brought the phone back in time but I didn't bring the watch and the tablet back in time. So I have a Android tablet that I don't use which I could definitely, probably sell that and are you okay.

[A]

Looking for a budget?

[B]

Maybe on the floor.

[A]

I just don't understand. You've only made it this far for me. I'm calling your mom in the post show. I'm calling your mom and I even asking permission. I'm calling your mom. What a joke. I need to save you from yourself. What a joke. Total income gotta be. When are you starting your job?

[B]

Probably two weeks.

[A]

3850. Oh boy. Your half a rent.

[B]

Yeah. Oh, half of the rent is almost twelve hundred dollars.

[A]

You pay anything towards utilities?

[B]

What I can.

[C]

You can't do anything. You don't have any money. All your debt just goes up.

[A]

So what are you talking about?

[B]

If I can.

[A]

1530.69 for debt. Minimum monthly payments. Okay.

[C]

Vroom vroom. Drive, drive.

[A]

How much gas?

[B]

Probably like 200amonth. I have to.

[A]

Yeah, you don't have a short commute and you probably take the toll road.

[B]

I don't.

[A]

Good.

[B]

I learned my lesson.

[A]

Yeah, you did. Okay. Car insurance.

[B]

Car insurance is 1:57.

[A]

You're lucky. That's relatively cheap for you. 150 goes to the collective TP fund for the household. The other one can do more too. But that's for nails. That's for depression shirts. That's for kids. Whatever. Yeah, it's spending for everything else you need phone bill. Well, what is it now?

[B]

370. Well I have the subscribe necessary food.

[A]

You'Re allowed to contribute to the household pile. $450 should be fine your fiance if she contributes that you guys will get to enough for what is fine. Mommy, you'll pay for it. $90 we need to get for our therapy on a monthly basis. Any other medical bills on a monthly basis?

[B]

No, other than the other one. It was just 20.

[A]

No subscriptions. Do you have any pets?

[B]

I. I do have subscriptions.

[A]

No you don't. You're canceling them for sake. I don't give a.

[B]

They're on my phone bill.

[C]

Open your.

[A]

Open your phone. Open your phone. Do you have any pets?

[B]

Yes, I have two jobs.

[C]

That's right.

[A]

Can your fiance get pet insurance for them? Because you can't afford it. And if you can't afford pet insurance, in my opinion, you can't afford a pet.

[B]

Yeah, she can get it.

[A]

Because if they need a surgery, how are you paying for it? Let me see.

[B]

Well, it's on my Verizon.

[A]

Let me see.

[B]

You want to see the bill breakdown?

[A]

Yeah. No, no, no, no, no, no, no. Pull up your subscriptions on there. I saw so many Apple pays.

[B]

Oh.

[A]

You have a br. Like a nice phone.

[B]

I just got it.

[C]

Stop yourself.

[B]

My old phone wasn't working anymore.

[A]

Okay, active subscriptions. Discord Nitro 299. Cancel. Notably cancel Peacock cancel. Pretty up all body edition.

[C]

$34 a year. Cancel. You have Snapchat Plus. You have Snapchat plus so that you can restart little. Whatever they're called, the little Streaks. Cancel every subscription.

[A]

I'm not putting your budget. Have your fiance take care. Get the pet insurance.

[C]

What are.

[A]

What is your.

[C]

What?

[A]

Your.

[C]

Your money. Literally.

[A]

If I were to look at where your money goes, I would think you are 14 if I did not know you. Snapchat plus and shopping. Everything at the mall and Hot Topic and door dashing McDonald's and food court and drinks at Auntie An. Oh, I'm raging. Okay, guess what? You're under buying $300 because you need $4,147.69 to make it on a monthly basis. I got a step away. I'm gonna wrap this thing up. I need a recoup. I need a re. Coop. Then we're gonna call your mom because I need you to get. You get out of her grasp and actually grow. Guess what, cuz? That's your new income and child support. You can't work retail. Go back into food. Figure it out. Or work two jobs and the fiance takes care of the kids. Whatever it is, you don't make enough money. You need to go make an additional 1500 or your debts never being paid off. It's as easy as that. I don't care if you love your job. You need to go make more money. And I know in Austin you can go make more money in food. I know for a fact you can do that. We all know a million people who do that in Austin. So go ahead. In a server, you would make more money. You can make more money and you need to. Whether it's keeping your job, working another job at the same time in the evenings or whatever, or you just need to go get a better job. Simply put, you do not make enough to live spending a budget. Overspent 10 times 40 out of 10 debt. I mean it's basically as bad as you can get without. You don't have collections or anything, right? Basically as bad as you can get without IRS or collections. That 1 out of 10 emergency fund there's nothing. There's $0.01 0 out of 10 retirement technically started, but basically nothing. 1 out of 10 real estate 0 out of 10 hammer financial score rounded up 0.5 out of 10 I'm gonna call her mom right now in the post show, but I'm gonna go take a breather. So make sure you drop join us there. But you can get all of our educational products which we're gonna set her through. She better take it. You can get it all together for 15 off with our bundle. Make sure you check it out. I'll see you guys in the posture. I'm gonna chug like 10 gallons of water. Bye. Almost kind of dreading calling your mom, but I know we have to.

[B]

Hi mom.

[A]

Sabrina specifically says that she does not need to build any kind of savings because if anything bad in life were to happen, she can just live with you guys.

[C]

Why?

[A]

The mother of your Grandkids currently has 10 actually open debts.

[B]

I thought she was pretty financially smart.

[A]

So how.

[B]

How are you going to get out of that girl?

[A]

To watch the financial audit post show, click the join button below.