Nasty Woman Deserves Jail Time | Financial Audit

Summary

Podcast Summary: "Nasty Woman Deserves Jail Time | Financial Audit"

Podcast: Financial Audit
Host: Caleb Hammer
Guest: Erica (23, HR Administrator, Round Rock, TX)
Date: September 27, 2024

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Overview

This episode of Financial Audit features a candid financial intervention between host Caleb Hammer and Erica, a 23-year-old HR administrator from Round Rock, Texas. Known for his directness and "tough love," Caleb examines Erica's spending habits, debt accumulation, and general approach to money management. The conversation evolves from confronting missed bill payments and debt mishandling to broader discussions about family, career choices, and the psychological factors behind money mismanagement.

Main theme:
A raw, sometimes uncomfortable, but ultimately constructive audit of Erica's finances—illustrating how impulse spending and lack of budgeting leads to dangerous debt, and what immediate corrective steps look like.

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Key Discussion Points & Insights

1. Income and Recent Pay Increase (01:00–02:08)

• Erica's job: HR administrator, earning $65k/year (recent position, 4 months)
• Previously earned $21/hour
• Caleb points out that, as a single person, Erica is just below Austin’s median household income, which is typically dual-income

Quote:

“You make the median household income in Austin is like $75,000... you’re doing okay?”
— Caleb Hammer (01:45)

2. Debt Accumulation & Spending Habits (02:22–07:57)

• Debt began at age 18 with a Synchrony credit card ("to build credit")
• Recently traded in a nearly paid-off Toyota Camry due to breakdown, now in a lease for a new Toyota Crown
• Spending outpaces income: $4,506 spent vs. $4,145 earned in a recent month, excluding rent (which is possibly paid with Flex)—real overspending could be $1,600–$1,700/mo
• $633/month on eating out; $615/month on "miscellaneous" spending; frequent retail therapy
• Little or no budgeting; feels panic when money is low but continues discretionary spending

Memorable exchange:

Caleb: “You get rid of all your money plus more. So I don’t know what you’re talking about.” (04:22)
Erica: “Out of the gate more... I panic a little bit because... that leaves no money for me to... go out and do the things I want...” (04:32)

3. Emotional Triggers & Justifications (05:00–08:46)

• Erica blames mental stress from her job for fast food and retail therapy splurges.
• Caleb emphasizes the need for sacrifice and how reducing debt would decrease her stress more effectively than impulsive spending.

Quote:

“You know what would bring stress off? Having less debt, less minimum payments. How do you do that? You actually sacrifice for a bit, then you start paying off that debt.”
— Caleb Hammer (08:01)

4. Credit Cards & Debt Details (09:11–21:53)

• Navy Federal card: $17,003.70 balance (limit: $17,100), $450/mo minimum payment, mostly interest, missed payments, payoff at current pace: 22–30 years
• Synchrony card: $1,919 balance, high 29% interest, in use since age 18, progress minimal
• Erica admits paying only minimums for years, did not understand credit or compounding interest

Quote:

“You lost $2,000 this year in interest on this card. One card out of many of the debts. We're going to talk about. $2,000 in interest. It's horrendous.”
— Caleb Hammer (21:36)

5. Lease & Transportation Decisions (23:24–28:57)

• Now pays $655/mo for a 2024 Toyota Crown lease—obtained because her previous vehicle broke down and she had no emergency savings for repairs
• Intending to exit the lease for something cheaper/financed, but stuck due to negative equity
• Missed/delayed payments and a misunderstanding of lease vs. finance deferments

Quote:

“Instead of paying $200 or more, we’re now paying $655 a month.”
— Caleb Hammer (25:14)

6. Family-Related Finances (43:07–48:34)

• Helped her mother get a car by putting it in her own (Erica’s) name—$500/mo payment (mom repays but risk is on Erica’s credit)
• Caleb warns of severe exposure: if mom misses payments, Erica’s credit will suffer

Quote:

“Relationships can get really weird and really complicated really fast when things start going haywire on this. And it’s happened on this show many times.”
— Caleb Hammer (46:53)

7. Taxes and Student Loans (49:36–54:26)

• Erica admits to not filing taxes for a couple years, fears owing rather than refund, but likely would get a refund since income was low
• Has never made payments on ~$3,900 in student loans; likely in a $0-income based plan due to low taxable income

8. Credit Problems & Collections (56:42–59:03)

• Two items in collections: $91 (Geico), $550 (utility bill)
• Caleb urges immediate payment to improve credit
• Erica acknowledges inertia and avoidance

9. Budgeting Exercise & Reality Check (63:07–72:19)

• Caleb guides Erica through a mock budgeting and expense elimination session
• Erica’s rationalizations for unnecessary spending (fast food, gas station runs, retail therapy, excessive subscriptions)
• Erica fails "game show" on identifying wasteful spending

Quote:

“If you don’t have groceries in your store, go to the store where they sell groceries.”
— Caleb Hammer (66:21)

10. Immediate Action Plan (78:53–88:20)

• Caleb structures a barebones budget with the following priorities:
  • Essentials only (rent, basic utilities, groceries, insurance, etc.)
  • Minimum debt payments until $2,300 saved as an emergency fund by year’s end
  • Avoid rolling old debts into new unless it lowers obligations (as in car situation)
  • Possibly let the massive Navy Fed card go to collections and negotiate, but better to grind out payments if possible
  • Encourage Erica to push her mom to refinance her car independently to remove the credit risk
  • Recommends insurance and stopping retail therapy for actual therapy

11. Career Planning (59:14–61:24)

• Erica feels burned out in HR, tempted by other fields (tax prep, property tax protest)
• Caleb suggests focusing on gaining experience in HR before switching tracks, leveraging certifications

12. Final Assessment & Accountability (90:00–End)

• Financial Audit "score": 0.5 out of 10
• Caleb recognizes Erica’s willingness to face her situation publicly
• Strong insistence that real change requires stopping retail therapy, budgeting ruthlessly, and building even minimal savings

Quote:

“You have a long journey... if you don’t finagle it at all and just stick to the minimum payments... you could get out of this in four years.”
— Caleb Hammer (87:41)

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Notable Quotes & Moments (with Timestamps)

• On spending beyond means:
  “You don’t have a problem with getting rid of your money. You don’t. You get rid of it every second of your life.” — Caleb (06:39)

• On justifying bad spending as self-care:
  “Here’s these things I don’t need but feel good because I had a long little day and I’m stressed in my ‘poor widow adult job.’ So let me just go blow $1,200 instead of actually…” — Caleb (07:34)

• On not paying taxes:
  “I haven’t filed them.” — Erica (00:10, repeated at 49:36)

• On bank statements not matching discretion:
  “You lied you did not cut back to zero. So I can’t have sympathy if you got laid off.” — Caleb (16:06)

• Game show moment — budgeting reality check:
  “Pull out the crayons and see if you know how to put X’s next to things.” — Caleb (63:32)

• On retail therapy:
  “Okay, no more retail therapy. Go to therapy. Therapy. It’s cheaper.” — Caleb (73:51)

• On her recurring justifications:
  “All you can do is trust me, right?” — Erica (77:02)
  “Yeah, but I can’t.” — Caleb

• Final financial audit score:
  “Zero point five out of ten. Make sure to check out all the resources linked...” — Caleb (90:08)

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Important Segments Timeline

• 00:00​–02:00 — Erica’s intro, salary, living situation
• 02:00–07:30 — Debt accumulation, spending vs. income, denial & justifications
• 08:01–09:11 — Budgeting, suggested program
• 09:11–22:00 — Deep dive into credit card debts, habit formation
• 23:24–28:57 — Car lease fiasco, late payments
• 43:07–48:34 — Helping mom with a car; risks and co-signing
• 49:36–54:26 — Taxes, student loans, ignorance of tax/filing process
• 56:42–59:03 — Collections and inertia in dealing with credit issues
• 63:07–72:19 — Expense vetting game, budgeting exercise, reality check
• 78:53–88:20 — Final budgeting, action plan, saving-first strategy
• 90:00–end — Results, scores, post-mortem, episode wrap

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Summary Tone & Style

Caleb’s distinctive direct, no-BS approach is coupled with moments of dry wit and sincere concern. Erica is self-deprecating, sometimes defensive, but ultimately responsive and appreciative, especially as the financial reality sets in. Their banter is sharp and unsparing but punctuated by humor and occasional empathy, making this one of the more memorable Financial Audit episodes for those struggling with money management themselves.

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Conclusion:
This episode starkly illustrates how quickly youthful neglect of budgeting, credit cards, and impulse spending can escalate—even for those with decent salaries. It’s an invaluable resource for anyone, especially young adults, who need a wake-up call before their own “financial audit moment” arrives.

Transcript

[A]

To watch episodes of Financial Audit a week earlier. Check us out on YouTube. Why do my producers right now want to ask you if you've paid your taxes in these last couple years? And I have a feeling I know the answer.

[B]

I haven't filed them. Yeah, I'm paying rent as well.

[A]

Everyone else is paying rent as well.

[B]

Yeah.

[A]

What are you talking about?

[B]

But I'm.

[A]

How are you trying to justify that? You mean just paying your bills? You have a trouble paying your bills, but when it comes to things you want, when it comes to. You're all about it.

[B]

Exactly. Hi, I'm Erica. I'm 23. I'm based out of Round Rock, Texas, and this is Financial Audit.

[A]

Thanks for coming on in. What do you do in Round Rock for a living?

[B]

I'm actually an HR administrator.

[A]

Very cool. We might need one of those soon. That's awesome. What do you make in this position?

[B]

I'm at 65k a year.

[A]

Great. How do you feel living on Round Rock in this? It's a little cheaper than the main area of Austin, but still very much suburbia of Austin, so not necessarily uber cheap.

[B]

Yeah, I actually like it. It's. It's manageable. So with that being said, just making sure that I'm keeping up with those things.

[A]

Are you?

[B]

I am. I am.

[A]

But are you?

[B]

I'm doing the best I can, so, yes, I am.

[A]

Best you can at $65,000?

[B]

Yeah. Well, I kind of have a lot of debt.

[A]

Yes, you do. So, I mean, that's immediately like, you know, I like some pleasantries at first before we dig into things, but when I hear you say it's manageable, and I know the statements we're going to look into have some missed payments, I'm like, so what's being managed if we're not paying? I mean, you make the median household income in Austin is like $75,000 a year, so you're already making only 10,000 under the median household income, which is usually dual income. So you're doing okay?

[B]

Yeah, I definitely am doing okay, but I wasn't making that always since.

[A]

Okay. So how long have you been making this?

[B]

Going on four months now.

[A]

Four months. And then what were you making before this?

[B]

Before that? I was making 21 an hour.

[A]

21 an hour. Okay. How many hours a week? What were you making like in a month, though?

[B]

And overall, in a month when I.

[A]

And you went into debt during that time, when you're making 21 bucks an hour?

[B]

No, it's kind of slowly built itself.

[A]

Up over how long 23. It's not old.

[B]

About 18, I want to say 18.

[A]

What was the first debt you took out?

[B]

The first debt I took out was I have a synchrony credit card.

[A]

That's classic. My first was synchrony as well. Wait, I think it was a store. Synchrony?

[B]

Yeah.

[A]

Guitar center.

[B]

Yeah. And that was more so to build my credit so that way I could get a car and, And I was able to get that car.

[A]

Yes.

[B]

However, recently I ended up giving it, trading it in, which I deeply regret.

[A]

Why?

[B]

Because now I'm in a lease and my.

[A]

You're in a lease?

[B]

Yes. And I was almost, pretty much almost done paying it off, but you trade it in because it broke down and at the time I wasn't making the money.

[A]

What were you able to trade it in for with it being broken down?

[B]

Well, evidently it couldn't been too broke down because they actually gave me a little bit or more than what it was, what I had paid.

[A]

What was the car?

[B]

It was a 2018 Toyota Camry.

[A]

What did you get for it?

[B]

13,500.

[A]

Interesting. Okay, so I had total income from payroll. $4,145. Does that sound about right?

[B]

That sounds right.

[A]

Again, it's not an insignificant amount of money.

[B]

It's not. Not at all.

[A]

Then why, why are you, what you're in right now? I'd like to hear that.

[B]

I have a problem giving up all my money. I kind of make a, like my full check. I, I, I set out a plan. Usually, like, do you have a problem.

[A]

Getting out your money again? 4,145 came in. What went out?

[B]

Car note.

[A]

Oh, what number went out? Spending total, including debt increasing.

[B]

4,000.

[A]

Give me a number.

[B]

4,120.

[A]

Okay, so 25 lesson came in.

[B]

Yes.

[A]

Total spending was $4,506. So a few hundred dollars more. So trouble getting rid of your money. You get rid of all your money plus more. So I don't know what you're talking about.

[B]

Out of the gate more. So just like when I'm paying bills and I see going down, I kind of panic a little bit because I'm like, well, that leaves no money for me to, to be me and go out and do the things that I want to do. Not necessarily go out, but I do eat out a lot. Just because the job that I'm working right now is very demanding mentally. So by the time I get home.

[A]

That'S not an excuse to eat out.

[B]

It's not. It's not. But by the time I get Home. I don't.

[A]

Very demanding mentally. I feel like a lot of us could say that for our jobs.

[B]

Yeah, absolutely.

[A]

And then all of us can just. So we all have the excuse to just go spend money we don't have when we're not paying our bills.

[B]

No, but they definitely don't have to be on call. I'm pretty much on call a lot. I have a company phone that I have to keep with me at all times to make sure that I'm answering.

[A]

Well, you'd hate being a business owner.

[B]

Yeah, yeah, yeah. But I eventually want to own my own business to.

[A]

Where do you.

[B]

I do.

[A]

Really? You just said it's too stressful to have to have a phone on you at all times. And trust me, being a business owner is 24 hours a day.

[B]

It is. My thing is. Is more so if I'm going to work this hard, I'd rather work hard for myself. So it's not necessarily something I can't do.

[A]

Now that is fair.

[B]

Yeah.

[A]

How do you pay your rent with flex.

[B]

What do you mean how you play a rent.

[A]

Did we get it through flex? No, we didn't see that either. So actually you're spending because we didn't find it on the statements is likely an additional fourteen hundred dollars more than what I said, meaning you're probably spending a thousand thousand, $600,700 more than comes in. So trouble holding onto your income. I don't know what the you're talking about. What do you mean trouble holding onto your income anyway? Because if you go to work, you go to work. Okay? You do your work and then you're on call. You give out your income every day. Picking up food on the way home. So what the are you talking about trouble holding? You mean just paying your bills? You have a trouble paying your bills, but when it comes to things you want. When it comes to. You're all about it.

[B]

Exactly.

[A]

Okay, then don't throw that at the. Just don't throw that at me at the beginning.

[B]

Yeah, like.

[A]

Cause that's not true. You don't have a problem with getting rid of your money. You don't. You get rid of it every second of your life.

[B]

Like I said, I just panic when I see that my. When I'm paying my bills and I have a set plan and I go ahead and pay them, and I am starting to see that I'm getting down now to my last few hundred dollars. I do tend to panic a little bit.

[A]

You don't panic when you spend $633 that could have gone to your payments on fast food on a monthly basis?

[B]

Uh, no, because I don't see it. All right, then and there, this is over a month.

[A]

Ah, meaning you don't budget, so you don't know that you've been spending. Okay. Obviously go through our budgeting program.

[B]

Okay.

[A]

Go through it. Go through the quizzes, go through the whole educational platform. Stick to the meal plan. Make sure you're going through that. You get that for free for being a guest. You can get it at a bundled lower price right now with the investing program as well. 15% off. Check it out. Link in the description below. But then also miscellaneous BS was an additional $615. Yeah, $650. So now we have $1200 minimum. $1200 minimum. That could have gone towards paying some of the bills that you have late fees on that we're about to get into. But you're like, here's these things I don't need but feel good because I had a long little day and I'm stressed to my poor widow adult job. So let me just go blow $1,200 instead of actually. Okay, you feel stressed?

[B]

Yes.

[A]

You feel stressed, right?

[B]

Yes.

[A]

Feel stressed.

[B]

This is true.

[A]

You know what would bring stress off?

[B]

What?

[A]

Having less debt, less minimum payments. How do you do that? You actually sacrifice for a bit, then you start paying off that debt. The debt is paid off, then you do not have those minimum payments. You don't have the stress of having to think about that debt, of having to make those bills. But instead you have extra stress because you're behind down payments because McDonald's is more important. I don't know where you went to yet. We're about to find out, but. Well, I'm assuming some golden arches is going to at least peak its way through. Yes, tends to.

[B]

Now I will admit that that doesn't necessarily all go towards food. It more so goes towards of course food as well. But just trying to de. Stress a little retail therapy.

[A]

No, no, no, no, no, no, no, no. That was in the miscellaneous bullshit. The going out to eat of 600 or whatever dollars was literally only going out to eat. So no, maybe don't. Not maybe. That's your math.

[B]

Well, there's definitely some retail therapy there.

[A]

As well then 2000 hours of large purchases. Now we'll see what all that is here in a bit. Give yourself a score, 0 to 10. I want to see where you self assess yourself. 0 being the worst, 10 being the best. What do you think you are on.

[B]

The financial Scale, I would definitely give myself maybe about a six.

[A]

Have you seen this show?

[B]

Yeah.

[A]

Are you trying to like get punched in the face? What are we trying to do?

[B]

I'm just more so that you asked me to rate myself and that's where I feel that I am.

[A]

Okay, explain then please.

[B]

Like I said, so I try my best to start with a budget just depending on what I do believe.

[A]

5 minutes ago I heard you say you do not budget.

[B]

No, but go ahead, continue. Don't necessarily budget but like I said, depending on what I'm trying to do. Like as of recently I'm trying to pay off one of my credit cards. I have been making more payments rather than just the minimum payment I have. And I don't use my credit cards. I have both of them frozen so that way nothing's actually coming off of them. But I'm trying to go ahead and pay those down.

[A]

Okay. Have you looked at your checking account spending?

[B]

Yes, I have.

[A]

Have you looked at your debt situation in general across the board, including collections?

[B]

I've peeped at it.

[A]

What's your retirement account at?

[B]

I don't have one.

[A]

What's your savings account at?

[B]

I have about 500 maybe of that.

[A]

And you have missed debt payments?

[B]

Correct.

[A]

And you believe you are above a solid middle of the road five with all those things?

[B]

Yes, with my.

[A]

Oh, you are trying to get punched. Okay, if you want your Hammer Financial score, it's free. Link in the description below. Also, even though I'm the tough love Caleb Springer, it's true. This is a fun little thing and we got all your agreements and everything for that. Make sure you give the guest some love cuz you were brave enough for coming on here. So good for you. Good for you for having some balls and just coming on here and trying to get your situation in shape. If you want to come on the show, come on Caleb. Hammer.com apply. Happy to have you on. Let's start with. Oh my. Oh wow. Wow, this is a thick daddy. To get started you went to Navy Federal and you're like excuse me madame at the front desk at Navy Federal. How can I completely destroy my life before getting halfway through our twenties? Was that the question you asked? Because it's the question they answered. You somehow owe 17,000 on one card. $17,000. $17,003.70. The limit is $17,100. So if you, if you're not spending on here, that's a brand new development as in like right before you decided to come on show. Minimum monthly payment is 450. Oh, I see you paying a little extra. So you paid a little extra dollars? Couple dollars. Okay, but like that's fine. But if we're missing other payments anyway, it's just like you're negating it regardless. $227 of interest accruing, it's going to take the rate you're going. You're probably taking it down from 30 years to about 22 years. The rate you're going is going to take 22 years to pay this off. You're going to be in your 40s, you are going to be 45 years old by the time this is paid off with your little extra payments, honestly. And I'm being a little more liberal with that conservative, you know, maybe closer to like 50.

[B]

Well, actually, I haven't been using that car for at least six months.

[A]

That's a lie. That's impossible. If you're making a little extra on it, even with this interest occurring, you should be making progress of about 200 bucks every time. That's not possible because you're only under by $77. So unless was this dramatically above the credit limit?

[B]

No.

[A]

Then your math is. Not math.

[B]

Well, the thing is, I had. Like I said, I haven't been using it. I've been paying the minimum, but I did miss a couple of months because I fell on hard times.

[A]

What's hard times?

[B]

Hard times. I did not have a job. That's how long for? Three months.

[A]

Did your spending stop? Yes, across the board.

[B]

Across the board.

[A]

The checking account. The checking account where you spent 1200 minimum on bull literally went to zero.

[B]

Correct. When I.

[A]

Hold on, what month?

[B]

One month. This was actually the past last October. So this is actually.

[A]

That was a long time ago.

[B]

Yeah. So it kind of caught up with me.

[A]

And you pull up your checking account right now. Show me last October.

[B]

Okay.

[A]

I want proof on this.

[B]

Yeah.

[A]

Because I. I do not want someone to come here. And just because I don't have the statements in front of me, I don't want them to be able to. Bull. So I want proof in that I will sympathize with hard times. The moment on there that I see some bullshit, you will lose it.

[B]

And you're wanting to see the statement, correct?

[A]

Oh, yeah, just checking account, go back to October. And then in general, I mean, cool, you got a job again. Why'd you go back into the habits instead of dealing with you put yourself in a hole because you went through hard times. First of all, why weren't you on unemployment? Second of all, why didn't you have an emergency fund? Third of all, why didn't you then, once you got a job, make up for the hole you put yourself in by getting out of it?

[B]

Because like I said when I first got here to Austin, I wasn't making the salary that I'm making now. I actually.

[A]

I know, but you were still making money.

[B]

Well, it wasn't enough to actually cover my.

[A]

And how was your spending while you had those?

[B]

I'm not going to lie. It wasn't the best. And here we go.

[A]

So is it that you didn't have the money then? What is it? What is this? Water? Vending. So vending machine. You go to the vending machine every second of your life.

[B]

So more so. I wasn't necessarily going to there every day of my life, but. But when I did finally get a job, I was trying to avoid from eating out.

[A]

But cash. Well, this is when you're laid off. You're cash app and out. Let's see. Potentially gas. Potentially go inside getting some bs. Same with the dollar store. It's a little hard to tell. Cash app out. Went to Popeyes. Again, went to the dollar store. You may have been trying to cut back at that point. You're after paying vending machine. Vending machine. Vending machine. Vending machine. Chili's probably went inside the gas station and got some. So that was six bucks. Vending machine. Oh.

[B]

Oh.

[A]

It continues. An Apple subscription. An Apple subscription. An Apple subscription. Went in. Definitely got some. Did not get 3.13 of gas. No guaranteed. Same with Walmart. You went and got whatever that is again. Yeah. Going inside, getting some bs.

[B]

More so at the gas station after.

[A]

Paying zelling out money. Cash Apping out money. Cash app and out money. TikTok shop. $40. Unemployed. Saying we cut back to zero. You lied. You're me. Uh, we're not bullshitting. This table. This table's not for bullshit.

[B]

I do have an explanation for that.

[A]

Well, I don't need it here. Just for one. All this stacking up with another apple bill. Another or after pay after pay. Cash app and out. Wingstop. Little Caesars beauty supply. Zelling out money. Cash app and out. Money went in, got some bull. What are you going in and getting some bull? Apple bill. I'll ask that in a second. Went and got some afterpay. Wingstop after pay, after paying every second of her life. Zelling out. Cash app and out. In terms of necessities, necessities are maybe 5 to 10%. 5 to 10% of that. So no, you lied you did not cut back to zero. So I can't have sympathy if you got laid off. You didn't qualify for unemployment because you weren't paying into the system enough and you didn't have any support net. And times were tough. Times were tough. Times were tough. You have my full sympathy. You have my full heart. You have all the hugs in the world. That was 75, 60 to 75% minimum. Bull. In terms of individual purchases. Stopping swiping. Stopping swiping. Stopping swiping. So, no. Why'd you lie?

[B]

I didn't necessarily lie in my mind then. It made more sense then.

[A]

What about now?

[B]

Well, of course now it doesn't make sense when. When you put it like that.

[A]

But you are able to look back. Why'd you tell me cut back to zero?

[B]

I did, because I used to eat out a lot more. And I was thinking going from 100%.

[A]

To 50% is not zero. That's a reduction in half.

[B]

Yeah.

[A]

Listen, guys, if you haven't been making payments on your credit cards, I've just partnered with a new app called Relief. I always give you guys for falling behind on your cards. But if you're already there, then the amount they say you owe isn't exactly what you have to pay. In fact, as you fall behind on your debt, most credit card companies are willing to accept less money to pay it off. Like a lot less. So before you start paying off anything past due, download relief to get the best deal your creditors are willing to make. I've partnered with them because they've saved people a ton on their debt, like more than 50%. Don't be an idiot and pay more than you have to. Relief only costs you a few bucks to save hundreds or thousands. Instead of wasting time negotiating in your own focus on the shit that matters the most, like staying current on the rest of your bills. And to help you get started, I got the boys over there at Relief to give you all 15% off your first order when you enter my promo code, Caleb, during the month of September. So don't this up. Do it now.

[B]

Well, like I said, more so with the corner stores, like going there, it would be like getting water, snacks and trying to make sure that.

[A]

Have you heard of a faucet? We live in the United States of America.

[B]

Yeah. And they don't have the best water.

[A]

Okay, Round Rock is fine.

[B]

But at that time, I wasn't in Railrock.

[A]

Where were you?

[B]

I was in Houston.

[A]

Okay, I'm sure Houston's fine. Okay. A water filter, a Brita or we go to the grocery store and we get a big pack of water bottles, Ozarka or whatever it is. And it's like they come out to like 5 cents a bottle.

[B]

Yeah.

[A]

Like, what are you doing? You're not stopping in a gas station getting a $3 life water or whatever.

[B]

Oh, no, I get to. It's like more so they'll be on sale for like two for $3 or something.

[A]

That's still horrible compared to going to the grocery store and getting bulk. So even still, it's stupid. And you said other things too. You didn't say just water.

[B]

Yeah. So it'll be like snacks. Like I said when I was going out, I was just trying to make sure that I wasn't eating out. And as you can see, I did eat out a little bit. But it as you seen.

[A]

Yeah, they were still eating out probably a couple times a week there.

[B]

Yeah.

[A]

Now it's a couple times a day.

[B]

But.

[A]

But yeah, we'll get there.

[B]

Yeah.

[A]

It's also not good for health.

[B]

It's not be clear. Correct. We.

[A]

We both got the thickness. We both should probably not have the thickness.

[B]

Yeah.

[A]

Better for our heart to not thick.

[B]

Working on it slowly but surely.

[A]

Okay, well, not in your diet.

[B]

Yeah. No, not yet.

[A]

You can't out exercise a bad diet. That's what they say. Coming from a man with tits. It's funny, but you know, it is what it is.

[B]

Yeah, it is.

[A]

So no, you didn't just fall on hard times. You fell on hard times, but you continued your spending even if at 25 of insanity.

[B]

Yeah.

[A]

So you put yourself in the hole. And then when you ended up getting a job, even in the three months that you've had a good income, you haven't worked to at least fill up the hole that you dug yourself into back then. So it's like that's hard for me to have sympathy.

[B]

Understood. Understood.

[A]

Your behavior's out of control. You're not a credit comparison. You need a charge card, like the fizz card or any other charge card where you put the money on. You can only spend the money that you have.

[B]

Yeah. I didn't even realize until as of recently that especially like my synchrony credit card, I've been paying that since I was 18. So now we're going on five years.

[A]

Oh, yeah.

[B]

And I've been trying to up the limit because, I mean, why you shouldn't have. Not up the limit, but up the amount that I'm paying on it.

[A]

Those are two very different things.

[B]

Yeah. Sorry I misspoke I misspoke.

[A]

I felt flames coming out of my eyes when you said that.

[B]

Just trying to pay more on it. Because at the time when I first got it, I didn't understand credit cards. I didn't understand how they worked. How credit worked.

[A]

Sure.

[B]

So I was solely playing the minimum, which was like 89. And now I'm paying more. So like 200 or 400, whatever. I pretty much can.

[A]

You're lucky that the interest rate on this card is only 18.

[B]

Only.

[A]

But for a credit card, for a lot of people on the show, they're close to 30. But you still. We're barely over halfway through the year. You are still. You lost $2,000 this year in interest on this card. One card out of many of the debts. We're going to talk about 2000 in interest. It's horrendous.

[B]

Yeah, I can't lie about that one.

[A]

You're just missing payments through the hard times. But hard times was a year ago.

[B]

Yeah, but I haven't missed any recent payments.

[A]

I know, but like you said, that's why you were only $75 under the limit.

[B]

No, I know.

[A]

You've been so making such good progress.

[B]

According to you, I've had that card as well. Before October. I actually got it maybe two years ago. So this is a couple times that I actually lost my job. And I didn't know that. You know, I thought I was doing good by paying the monthly minimum payment. However, after realizing and getting a little bit more knowledge as far as how credit cards work. Yeah, yeah. It just. The interest just started building on itself. And before I knew it, it went from 4,000 and then 10,000, and then it was completely maxed out.

[A]

For example, a lot of people contribute 4% to their 401k because they get like a 4% match. You had 4% of your yearly income go to interest on that card this year. So far, you're not even done. What is it going to be, like 6% by the end of the year?

[B]

Possibly, yes.

[A]

6% of your income in interest on one card. And we have a stack of. Okay, see here it is unpaid late charges on this next thing. Right now. What's the point of making extra on other things if you have late charges on other accounts? It doesn't make sense. You're just offsetting it. You're just moving it from one to the other. You're not actually making any progress. This Toyota, is this the lease? Yes, a $655 a month lease. What is this car?

[B]

It's a 2024 Toyota Crown.

[A]

Oh, when did you get Toyota Crown? I've never even heard of that. When did you get it?

[B]

February. This past February.

[A]

What's the lease term length?

[B]

36 months.

[A]

Okay.

[B]

I'm actually trying to see about getting out of it into something.

[A]

What's out of it? What do you mean out of the lease? Yeah, out of it. In which way?

[B]

Like giving it back and trading it in for something else that's a little.

[A]

Bit cheaper for another lease?

[B]

No, I'd rather move to a finance car. So that way once I'm finished paying it off, it's mine.

[A]

So one, you'd probably have to do it through them. So you're going to be stuck within their ecosystem.

[B]

Yes.

[A]

For them to get you out of this lease or else it would be more of like a payoff trade in thing through another pe. So you're really locking yourself in a box of this and then what's remaining on this lease to even pay?

[B]

I still have.

[A]

You're lucky that used car prices is going down. So by the time this lease is done you're actually probably gonna. In terms of its buyout might actually be. No, that's actually worse because your buyout's going to be higher than what it's actually probably valued at at that point.

[B]

Correct.

[A]

When that sucks.

[B]

Yeah. I've already kind of went back and talked with them and everything. It was. I can admit that was a very stupid decision at the time I just didn't have the money to actually fix my car and I don't necessarily have anything.

[A]

Did you even know what was wrong with it?

[B]

No, I took, I actually took it there to get it fixed. But in previous times when I've went there just to get something simple fix it's cost me 200 or more. And at the time.

[A]

So to be clear, Instead of paying 200 or more, we're now paying 655amonth.

[B]

Well at the time payment that you're.

[A]

Missing because you have unpaid late charges.

[B]

Well at the time my account was in a negative. I didn't have the money.

[A]

So how could you justify a 655amonth payment? That doesn't make any sense.

[B]

It was more.

[A]

You couldn't do a 200 repair?

[B]

Yeah, I couldn't. I don't know.

[A]

That's one of the most crazy things I've actually ever heard.

[B]

It could have been more. I never even got a chance to even.

[A]

Well no, I mean you could have got. I mean I doubt they would have let you get it but you could have got like a Bugatti. It can always be more.

[B]

Yeah.

[A]

Doesn't mean that this is good. I don't.

[B]

No, it doesn't. But more so I was in a mode of thinking that I just need my car because I had to get back and forth and I. Yeah, but.

[A]

This though, why don't we. If we had a lease. Let's say you wanted a lease for whatever reason, still could at least a used car.

[B]

I didn't know that that was an option, to be honest with you. Mean, I didn't have much experience. I don't even my family, they're more so coming from, you know, a friend.

[A]

Or something you could have brought.

[B]

No, not anybody that knew what you know.

[A]

Well, knowing that leases exist is kind of like I know nothing about cars. But come on. I know that.

[B]

Yeah. Well, no, not the friends that I have. They. They don't even know anything about it. I've tried to. I was there.

[A]

You should have had a good. A conversation with my good friend Chat. GPT.

[B]

You know, I didn't think it.

[A]

She would have told you.

[B]

She probably would have. I didn't think about that at the time.

[A]

Hey, Mrs. GPT, I can't afford a $200 repair. Any chance I can afford a $650 car payment?

[B]

Probably would have said no.

[A]

Probably.

[B]

Yeah.

[A]

I don't think Sam Altman is in favor of what you've done here. Okay, well, that's insane. And you still have 32 months left and you've already missed payments. Only six months in and you've missed payments. My gosh.

[B]

Well, I didn't necessarily miss the payments, so I was under the impression, when I've had my lease before. I mean. Sorry, my Toyota Camry, when I was. That was financed. So in the past, I was able to get a deferment. And, you know, they put it on the end of the back end.

[A]

But we haven't had very much of this on the show. And all of a sudden now, like everyone's doing that. It's like, I swear, this show comes in stages. People just all. Everyone who's ever cheated on anyone filmed within like a few days of each other somehow. And all of a sudden, these people that put their car payments on the back of their car leases, they're all filming in a few days of each other. What is happening? Well, so weird.

[B]

I thought it worked the same. I. Like I said, this is my first lease, so I thought it worked the same. And it turns out it didn't. And they didn't contact me until literally it was already too late. And it was already recorded reporting to my credit that I needed to pay in order to have a deferment.

[A]

You know what the buyout's gonna be in 32 months?

[B]

I don't as of right now.

[A]

What's your mile limit on it and are you hitting it? Are you meeting it?

[B]

No, I'm not meeting it. I'm not. I'm not there yet.

[A]

At least don't do that. Well, not yet, but it's only been six months.

[B]

Yeah, but I did go back and ask them and they said that they would only give me 32000 for it. But it's worth more than that or it's not worth it.

[A]

They would only give you 32 000.

[B]

Like if I were to give it back, which I've tried to.

[A]

Why would they give you anything decent to get out of a lease? They want you to be in this lease.

[B]

Right.

[A]

It's a money making machine for them. You have a car subscription.

[B]

Basically. Did not know that at the time, of course. Still kind of getting more information on that. I still not even completely sure what's from here. What's what to do from here.

[A]

We'll figure that out at the end.

[B]

Okay.

[A]

I know you get your entire situation under the microscope first.

[B]

Okay.

[A]

Secreting your friend that you've been paying on for five years.

[B]

Correct.

[A]

Is still at a current balance of $1919. How'd you build this all the way up?

[B]

Well, again, that interest, the interest on that particular credit card is at 29. So at first I started off with not touching it, and then covet happened. I was out of a job.

[A]

What was your job?

[B]

I was working at FedEx. Well, I started working at FedEx when I first started, but when Covid first started, I didn't have a job at all. I was actually coming home from college, which I didn't.

[A]

Oh, so you didn't get laid off. You just didn't have a job Going into cover, correct? I was gonna say because delivery, that was kind of one of the main things sticking around at the beginning.

[B]

Right. So I did end up getting a job and everything, But I needed that car to hold me over and I did use it to pay credit card.

[A]

If you don't have a job, people. Fun fact.

[B]

Well, I already had that card.

[A]

Wait a minute. So you've been paying on this for five years, but again, you've only made 500 of progress if you max it out.

[B]

No, it. Because the credit Is. I mean, the. The interest is so high, it kind of just defeats the whole purpose. And that does.

[A]

But after five years, you should have made a little more purpose. Address.

[B]

Well, that's the card that I was paying the minimum on. And it was telling me that the minimum was 90. So I was like, okay. And I was paying the 90, but not actually understanding that it was still accruing a lot more interest.

[A]

Not more than 90amonth.

[B]

No, it was. It was accruing interest a lot.

[A]

Well, yeah, it was accruing interest, but.

[B]

Not more than 90 months paid, let's say.

[A]

Okay, let's say it was at its max of 2,500.

[B]

Okay.

[A]

Let's call it 30 interest. Your interest would have been 62.50amonth.

[B]

Right.

[A]

So you were still making progress.

[B]

Well, the problem is.

[A]

And that was on a high end too. It was probably closer to like 58amonth in interest.

[B]

Well, I ended up using it to pay my car note a couple of times because I was in between still.

[A]

Oh, and financing a car payment. Financing a financing payment.

[B]

And that was before.

[A]

Not having an emergency fund is an emergency, people. This is as clear as this. I'm glad you have a good job now. But you're not utilizing it yet. You're not making any progress. Check out this trailer of an exclusive financial audit episode that no one has ever seen. How have you survived to 23? I ask myself that question a lot. Do you answer the question to yourself? No.

[B]

It'S just like usually whenever I.

[A]

Have to go out, I guess when I go out again. 384 came in from your job. How much do you think you spent?

[B]

How much did I make? 384.

[A]

Huh? 384. You don't think you overspent? Oh, I probably.

[B]

I guess I did. Yeah. Seven streaming. I don't know.

[A]

I don't like numbers.

[B]

I'm like also out of practice because.

[A]

I used to like do numbers all the time, but I've just been like staying at like either where I can or. Oh, good. No way. Your couch hopping places I like stay.

[B]

At for the jobs.

[A]

You're relying on bookings for a place to live. Yeah. So that's why you're willing to do this, because it's at least paying for a roof over your head, but you still getting nothing from it.

[B]

Yeah, I like love dogs.

[A]

We think you might be too high to film. Honestly guys, this episode was just too crazy because the guest was a little bit too special and we had to end it early. So it Just doesn't work to upload it on the main channel. So we've decided to give our YouTube members some extra love and we're going to have this go live tomorrow at 10am make sure you sign up at the link in the description below and make sure you select the all exclusive content tent tier. It's uncensored, it's insane, it's wild. And that's the only place anyone's ever gonna see it. What's the payment on this at the minimum?

[B]

The monthly payment is 120.

[A]

Minimum.

[B]

Minimum.

[A]

So it's 120 minimum payment with a balance of 19, 19, 10. Send a screenshot, not a statement. So I can't see the interest that's occurring.

[B]

Well, it wouldn't let me pull the statements because I haven't been. I've. That's one of the cars that I had frozen or turned off or whatever the case may be. So it hasn't. It would let me pull.

[A]

Is this. You're past due on a rent a move out statement?

[B]

Yes.

[A]

So you owe 12 $14 to a past apartment.

[B]

Correct.

[A]

What the.

[B]

So I ended up having to get out of that apartment. It was very condemned. It was condemned. It was just ruined.

[A]

The city condemned it?

[B]

No, it was just the apartment itself was very. The AC went out every time I was trying to get them to come and fix it and everything. They just kind of refused to help me or gave me the run around. And then it, you know, summer happened and there were. The roach situation was terrible. I'll say. That doesn't sound good. I had to get out of that apartment.

[A]

Was this in Round Rock or Houston?

[B]

This was actually in Wells Branch.

[A]

Okay. South around Rocks. Hold on. Was it.

[B]

No.

[A]

Okay. I toured that with a friend and they. We'll. We'll put this picture in the video we toured. It was horrible. It was intermediate. No. We were wondering why the prices were so cheap and now we know why.

[B]

Exactly.

[A]

And we were in their getting renovated leasing place and we were just kind of walking around when my friend was talking to the landlord there and. Or the leasing agent and we came across this piece of paper just on a pool table. And it was all the units with roach issues that they had to solve. And it was just a list of units with roaches and.

[B]

Yeah.

[A]

Okay, so you have. Okay, well it's sewer. So it's just everything. It's water, sewer, extra fees, pet pest control. Sorry. Okay. Water damage. Did I see. Wait. Some reason I'm on a hard time reading this.

[B]

Right. So they charged me for water damage. But that was due to the AC being out. And every time I tried to get them to come in and fix it, nobody would come. And like I said, they would just kind of give me to run around over and over again. So yeah, I had to get out of there.

[A]

And so you just left?

[B]

No, I get. I returned my keys back. I asked, you know, what are my options? They were. I was told that either I could break the lease, which was basically two months worth of rent plus an extra seventeen hundred dollars. So it would have came out to about four or five thousand dollars. But after talking to the property manager, I was able to find out that basically I can give my surrender my keys. And they wouldn't necessarily charge me the next month's rent, which is clearly on there. So they didn't necessarily tell me the full truth. And I'm actually in a. In a disputing that right now. Actually. Disputing what some of the charges on there. As far as with who though? With Jetty, which is like a. They help you with your security deposit. It's a company that helps you with your security deposit here.

[A]

I don't know. Jetty here in Austin.

[B]

Here in Austin. Because I originally wanted to go through flex. They didn't offer flex. So I just went ahead with. With Jetty and they helped me with my security deposit and they notified me saying that the apartments actually made a claim. However, the documentation that the apartments gave is actually a thousand dollars more than what the total is on there.

[A]

Well, I see they got rid of a term tournament termination fee and a rent fee which brought it down by a thousand dollars. But so no, I mean, honestly no. I think if what you told me is the 100 truth, they actually technically did it. They didn't charge you for the rent. The rent was on here and then it was excused. Yeah, but you got an additional fee for a rouletine fee for not providing 60 day notice which they didn't say they wouldn't do in what you told me. So. But listen, they were probably being sneaky and dicky about it, but with what you told me, it sounds like they actually may have upheld it.

[B]

Well, that's not the. That documentation that you have is not what they gave Jetty.

[A]

What did they give Jetty?

[B]

They gave Jetty the original one that has the reletting fee on there.

[A]

This has the relating fee.

[B]

What is the total for that one?

[A]

I'm sorry, total is 1214. But again there is a rent on here. But they took the rent off as they told you they would. So again, they didn't say another one on here. They didn't say they wouldn't do a re letting fee for you. They said they would. They wouldn't make you have that extra month rent, which they did take off of here. Okay, so based on what they told you, they actually did that, but then.

[B]

They went back on their word.

[A]

No, no, no, no.

[B]

Because the one that they gave the Jetty team is more than what that one is. Is.

[A]

What is it, 2146?

[B]

No, it's 3170.

[A]

Well, I don't. I have the. The ready things already. I don't have that.

[B]

Okay.

[A]

So I. What can I say?

[B]

Yeah, that's why I said I'm currently disputing that with Jetty. And we're.

[A]

How long have you been doing this?

[B]

Have I been doing what?

[A]

This dispute.

[B]

It just started because they just made a claim. So I want to say now since the beginning of August.

[A]

Just. I don't want it to go to collections. Last thing you want is this type of stuff on collections. It'll make it very hard to get a rent, a lease again. Synchrony Pink. Oh, well, Synchrony bank also lowered your credit line, correct? Okay. So that also. So maybe you did make more progress and they lowered the credit line. Okay, that was a little out of order. Okay, Toyota. That's what we already looked at. Now we're looking at your credit report again. You missed June's payment. That just happened.

[B]

Yeah. So that's the one where I was telling you I was under the impression that I could just sign a form and. And, you know, give it back to them and they'll do a deferment. The lady on the phone didn't tell me that I needed to pay basically $200 for each deferment. So they. They.

[A]

It shouldn't be deferring Anyway, you make money.

[B]

Well, I wasn't making it right then and there.

[A]

Why? August? Yes, you were. You said you've been doing this for three months.

[B]

Yeah, that's true. But I only get paid.

[A]

Funny how that works.

[B]

I know, right? I only get paid biweekly. So at the time.

[A]

Oh, like everyone else in the entire world.

[B]

No, A lot of people get paid weekly. And I've heard a lot of people get paid weekly.

[A]

Weekly. Okay. If I'm not mistaken on this, feel free to correct me. Weekly often is for like the lowest of income jobs to make it feel like they can pay bills.

[B]

Not necessarily.

[A]

Maybe not necessarily, but that's how some of My intro, you know, in grade school jobs were working. Yeah, I don't know, I've worked in the professional field at a few different companies. I don't know anyone that's been paid weekly. Well, I've had one person, one person, I think on the show that was in like an actual professional career, that one person out of filming four to five a week that has been paid weekly. Either way, whatever. That's not a valid excuse though. Most, the vast majority are paid bi weekly or semi monthly, which is twice a month.

[B]

Well, I come from the security industry. The security industry. There are the security companies that I was working. Working with. Two to be exact. We're paying weekly.

[A]

Okay, but you're trying to say that because you're being paid bi weekly is why you missed your car payment. Because everyone else is paid bi weekly.

[B]

I'm paying rent as well.

[A]

So everyone else is paying rent as well. Yeah, you're talking about. But how are you trying to justify that?

[B]

I'm not necessarily trying to justify.

[A]

Yeah, you are.

[B]

I'm trying to explain more so of why it's late. I mean, it's late because they want it on the street.

[A]

But you're trying to, you're trying to make it sound like that's it's late because of that and you know it's okay that it's late because of that.

[B]

No, it's not necessarily.

[A]

No, not that it's okay, but you're trying to justify it.

[B]

Yeah. Okay, well.

[A]

But it's not.

[B]

The day that I was paid was after. So the day that my car note was due. That's all I want to say.

[A]

63 are paid either bi weekly or.

[B]

Semi monthly, which can vary on which day on. On particular days.

[A]

Semi monthly is 1st and 15th usually.

[B]

Yeah, but we get paid on a bi weekly basis. So it changes from every month depending on the month. It could change on.

[A]

Depending on the month. You can actually make an extra paycheck two months a year.

[B]

Correct, but I haven't gotten to that.

[A]

I just, I can't believe you're trying to say that's. You're trying to justify it. Okay, that's crazy. Stop. Okay, if, you know, if anyone does basic budgeting, it doesn't matter if you're paid weekly, bi weekly, semi monthly. It doesn't. And then 31 are paid on a weekly basis, which is actually more than I thought, I will be honest. Yeah, but it is still a vast small minority.

[B]

No, yeah, I, and I definitely agree. It's just more so coming from getting paid On a weekly basis. Even when FedEx, I was getting paid every week. So getting paid from a weekly basis and then moving over to a bi weekly basis, I wasn't necessarily prepared for that.

[A]

Okay, what is this other Toyota? What? Do I have another. Oh, wait, sorry. No. What is Santander Consumer? Because that's huge at 32,000, 23,547 says.

[B]

So I did help my mom get a car.

[A]

Oh yeah, you the person who's late on bills. Okay, well, what do you mean help? What's help? What's help? What's help? Because obviously it's in your.

[B]

Yeah, I put it in my name. She's paying for it. She has it. But.

[A]

She ever not given you the payment?

[B]

No, she's.

[A]

Every time she's been on time?

[B]

Yes.

[A]

For how long?

[B]

She just got it in July. Yeah.

[A]

Okay.

[B]

She's so far.

[A]

She's done it once. Great.

[B]

She's so far. She's.

[A]

So she's made her payment one time? Yeah. She's never missed it twice. Okay, two times. Yeah, she's never missed it the two times that she. Me? Yeah. Why couldn't she get it?

[B]

Because she has previous things on her credit.

[A]

Oh, then I am so confident that she's gonna pay you every time. Why would you do this to yourself? I understand wanting to do it for your mom. That's a good heart. But why would you do this to yourself?

[B]

Because there was no other option. I felt like. I felt that.

[A]

Like I was gonna say there is plenty of other options. But I feel like. Yeah, because feeling is not an actual, like logical thing. So you're right. You felt like it. But obviously that's so great. What's her credit score?

[B]

I believe it's at a 480.

[A]

Oh, what's yours?

[B]

580. Oh, well, this is the interest rate of this 17%. And my credit only went down after, of course, adding that on there as well. So it was at a 6:20.

[A]

What is the payment on this?

[B]

500.

[A]

She'S made it for. How much does she make? What's her job?

[B]

She also works at FedEx. She works in admin for FedEx.

[A]

And what does she make?

[B]

She makes, if I'm not mistaken, at least 800 a week.

[A]

Oh, net or before taxes, $41,000 a year. Net. 600. 3466amonth. So this is 14% of her income. It's a lot for just the car payment. She's made it for two months. Good for her. The moment she misses that this is your credit. This is your credit credit. The moment that all the other things on our credit that are bad happen to the same thing, it's almost. There's a reason why credit scores exist. Who would have thought? You're. Yeah, 17, 500 payment. You have a 415 payment. You couldn't make a 200 emergency payment.

[B]

You're at the time I couldn't make that payment. Now I am in a position to make that payment.

[A]

Are you? Are you. You missed your car payment a month ago. Yeah, two months ago.

[B]

Than my previous payment.

[A]

Of course you missed your payment two months ago. Making the job that you have. This payment costs more. No, what you just said was just blatantly incorrect. You could not afford it. Okay, so again, the balance here is 23,000. Oh. So essentially what we need her to do is get funding and anyway, whatsoever. Anyway, whatsoever. And buy the car from you.

[B]

Yeah.

[A]

And anyway, any kind of loan, anything. I don't even care. I don't want her to be in bad debt at all. But the fact is this is her car and it's under her daughter's name, putting you at risk. And relationships can get really weird and really complicated really fast when things start going haywire on this. And it's happened on this show many a times.

[B]

Agreed.

[A]

She needs to take this over immediately. And he's to get out of your name. You need to run as far as you can. Now, legitimately, guys, I believe that you, everyone in your life, everyone around us, can actually take control of their financial future and make their lives better. And we've spent over a year here creating tools to help make those goals a reality. Right now, our budgeting program and investing program are bundled together at a 15% discount and you get $100 in cash gifted to you right into your MOOMOO account. There's honestly no time like the present to actually take control of your future. Don't wait. Don't let this opportunity pass. So she has to get funding. Her credit's in the 400s. So. Yeah, what was the question?

[B]

More? So I was just asking, are you like saying that she needs maybe like a personal loan or really anything?

[A]

Again, I don't want her to get into bad debt. It's not that. I just need you to get out. And this is her responsibility. So she essentially needs to receive funding in any way possible. That's not like a payday loan, obviously, or like sharks, but. But yeah, yeah, but I took personal loan for this. I highly doubt she would be qualified in any way. For this kind of balance, she might have to go to like a. It's gonna be like a 25, 26, maybe even close to 30 loan, which, again, I don't want her to have. But this is not. Your car. Should not be in your name. It is her responsibility now to deal with whatever consequence. If she wants to keep this or she just needs to sell it, make up the difference and get a $10,000 car.

[B]

Okay.

[A]

Because this is ridiculous. Makes sense. So she needs to do whatever it takes in personal responsibility. You need to push her to do it. And again, that might also complicate the relationship, but this is a very risky situation.

[B]

I agree.

[A]

In your specific mismanagement of money, too. Terrifies me. Can. I'm glad that you have a good job. If I'm not mistaken, I think hr. Not hr. I. I do love hr. Does Course Careers have a certification hr?

[B]

Now, I want to say yes. I have been looking into that just so I can kind of set myself up to. For success and kind of. If in the case, I'm happy to.

[A]

Gift that to you through Course Cruise, I'm happy to do. If they.

[B]

Thank you.

[A]

If they have that. Yeah, they have a lot of great certifications. Yeah, we'll do that for free. Because trust me, with this debt, you don't need to be spending money at Financial.

[B]

Oh, wait.

[A]

Do you have a degree?

[B]

No.

[A]

Neither do I. I borrowed student loans. I'm one of the 40 that borrow student loans but don't get a degree. It happens. How much school did you go to?

[B]

I did a semester at Lamar University and then.

[A]

Wait a second. I'm sorry. Why do my producers right now want to ask you if you've paid your taxes in these last couple years? And I have a feeling I know the answer.

[B]

I haven't filed them.

[A]

You haven't even filed. You haven't made much money. You honestly may have received tax returns.

[B]

But I'm kind of.

[A]

You may have received money. We're scared of what? You haven't made money.

[B]

Receive money that I won't receive money and I'll have to pay.

[A]

No, no. You're getting money.

[B]

The last time that I did fall taxes, I had, I owed.

[A]

How much did you make that year?

[B]

I'm not exactly certain, but are you.

[A]

On, like, the Affordable Care Act? Any plan related to that? Are you taking advantage of any social programs because that can affect your tax.

[B]

No returns. I can't honestly remember right now off the top of my head, but I was on.

[A]

How do you not. Okay.

[B]

I don't Remember? I'm so sorry.

[A]

Oh, then, okay.

[B]

Yeah, it was. It was a couple of years ago, but when I did go and file my tax return, I was expecting to get something back and instead I owed fifteen hundred dollars.

[A]

So what was your job?

[B]

I didn't even have a job. That's the craziest part. I was, I was in college. It was around 2019. 2020.

[A]

What are you talking about? What income did you report then?

[B]

I just, I gave them my. This documentation that the school gives you. I can't remember what it's called. It's like a 1099. No, not a 1099. 1098. I think I gave them that and even the little job. Matter of fact, I did have a part time job, but I wasn't making much.

[A]

That's income. Are you kidding me? How are you not able to answer questions? I'm sorry, but that is still an income to report. Yeah, I was asking you what income did you report?

[B]

I could have. That would be an income at that second. Because that was back five, six years ago.

[A]

So yeah, 1098. Probably a 1098T or a 1098E. Student loan interest statement or tuition statement. Yeah, didn't have a mortgage interest statement. So again, I mean if.

[B]

I'm not exactly sure what happened on.

[A]

Why that allows you to claim deductions that would not have made you pay more in taxes.

[B]

They tell me that I owe 1500.

[A]

No, I get, I get that. I just, I just started. This is no offense to you because it's okay that we don't know things like I'm sure you're very smart and a lot of things. Okay. I just want to make that clear. Obviously not in personal finance. And something tells me that you probably just did not file correctly or you're just not telling me something. No, because if you only worked a small little part time job for a couple months, the fact that you had would have. Oh, unless. Did you did. When you filled out your W2, did you not withhold any taxes, but you still. Even your work?

[B]

No, I, I don't believe I did. And I, I don't doubt that I.

[A]

If you had your withholdings at nothing, it's. That would do it. Yeah, but even still with your income situation, your tax rate would have been so low. You must have made more than you thought if you had to pay 1500 at the end of the year, especially with your student loan deduction.

[B]

I don't think it was done correctly, to be honest with you.

[A]

But then again you were in school so interest wasn't accruing anyway. So how much would have been deducted? Probably not much. Okay, how much do you have in student loans in total? I don't want to add up each of these individually.

[B]

No more than. Because I tried to go to school multiple times, trying to, you know, bitter myself.

[A]

For what? $3,926. Does that sound right?

[B]

That sounds about right.

[A]

Thank goodness for being able to employ people to do math because I did not want to add that up. $3,926. Are you making payments on these?

[B]

I'm not at the moment ago on.

[A]

Why?

[B]

Just because.

[A]

Are you in a plan? Are they deferred or are you just not paying?

[B]

Well, at the time when I was about to start paying, they were talking about. That's when Biden got in office and they were saying that they were gonna.

[A]

Okay, we're going back two years ago.

[B]

Okay.

[A]

Yeah.

[B]

So they were saying that's been over.

[A]

For a year now.

[B]

Yeah. But then I got another email saying that we're looking up, you know, you can possibly get it if it basically, if it was under a certain amount, it would be forgiven. That's what I got the call saying.

[A]

Are they talking about getting you on the safe plan?

[B]

I did. They literally just called me and I still think it was a scam to this day.

[A]

It probably was. I get. Everyone gets calls like your student loans.

[B]

Yeah.

[A]

Or no, you gotta pick up the phone. Yeah. So probably so please don't fall for that. Please don't answer those calls.

[B]

I didn't, I didn't fall for it.

[A]

I did tell them like, yeah.IO.Russia.Putin.

[B]

Probably. And it was just a call. So I was like, let me call you back. And I never called them back and they never called me back. So that's what makes me think that it was a scam. But other than that, I have not started.

[A]

Yeah, you haven't made a single payment on student loans. Let me see. It's open. Your payments must be at $0 because it's counting payments. And that is likely because you may have found yourself away on some income based repayment. And obviously your new income isn't reflected on past taxes. So there is that. And then if you were on save, that might be on deferment, I'm not mistaken, due to some court things or at least on hold, but it isn't counting anything missing. Your payment would be so small anyway. Your payment would probably be like 50 bucks a month. Honestly, it's not Terrible. So what. What did you try to go to school for?

[B]

I was. The first time I was trying to go for hospitality management. I really wanted to get into the hotel business. And then when that didn't work out or when Covet happened, they ended up sending everybody home. And I tried to do hcc, and I was actually gonna go and try to get certified to do more. So, like, tax preparation, because I did want to know a little bit more about it and, you know, just go from there. However, that was when. That was when I tried to do it. I guess Covet hadn't hit there in Houston yet because I. I ended up going back to Houston. So I was able to enroll. Able to do everything, go get set up for classes. And then the day that I went to go start my. My first day of school, the doors were locked, so they wanted us to go ahead and convert to online classes. However, I'll be honest, that's. That's not the way I learn. I have to be in person kind of being there. And I honestly just didn't get the whole system of how they wanted us to do it. And not only that, but they never told us that until.

[A]

And then. What was your second attempt? You said multiple attempts.

[B]

Yeah, so that was the second attempt. The first attempt was the hospitality management in Beaumont.

[A]

I got a little mixed up there. Okay, okay, I see. Credit collection services. 91 bucks. Why can't we pay 91 bucks?

[B]

I honestly don't have excuse for that one.

[A]

5 minutes and we still don't even know.

[B]

I don't have an excuse for that one. Just because I didn't.

[A]

It was Geico.

[B]

Oh, yeah.

[A]

Why not improve our credit from the 500s to the 600s by literally paying a 91 payment? You get a flat reimbursement for being here because people travel, people take time off work. We want to make sure we reimburse people for their time. Take some of that and just do that. That'll improve your credit by at least a few points today.

[B]

Okay. Jesus. I can do that.

[A]

All right, collections number one. 91 bucks. Take care of that. All right, collections number two. This is for a more substantial $550. And this originally was from. Oh, an energy company. You weren't paying your energy bill?

[B]

Well, basically I was in a department even then.

[A]

A different apartment.

[B]

A different apartment. This was in Houston.

[A]

All right. Gotta stop signing leases.

[B]

I know it the same situation. Couldn't get any help. My ac. It was literally in the dead of winter, and I would walk in my apartment and it would be 61 degrees. So I continuously burned some of the roaches.

[A]

Start a fire.

[B]

I didn't have a fireplace at the time, but yeah, I originally tried to get it fixed. They kept saying, oh, yeah, it's fixed. But we would set it on one thing. And then at the time when I was working, I was working 12 hour shifts. So by the time I live in.

[A]

A place that hasn't had maintenance issues.

[B]

The one I live in now, they've.

[A]

Been on top of it so far.

[B]

So far.

[A]

How long have you lived there?

[B]

Three months now.

[A]

Okay, so it's one of those things where someone has an issue with every single time they've done something ever. I start to question, like, all right, how much of it was really the other person's fault? Not a little bit of yours?

[B]

Well, that's why I left the first apartment I was here in, in Wells Branch, because I felt like it was kind of giving me ptsd. I was just, you know, felt like I was back in the same situation.

[A]

All right, well, it's not the wrong terms.

[B]

That apartment was actually attempting to come in and help me, but eventually they found out that it was an electrical issue and it was making my. My light bill go up. Crazy. Sure. So I kind of got your electricity. Not light electricity. Yeah, it was. It was air conditioning. Definitely bringing up my. My bill. So I ended up.

[A]

So I'm told you're considering a different career path.

[B]

Yeah.

[A]

Even though you're in a great career path, making great money, HR has a long way to go. What? What, what? What?

[B]

Well, this particular position that I'm in with this particular company.

[A]

Yeah. Stressful.

[B]

Yeah.

[A]

And I get that. But utilize, Build the Resume, strengthen this. HR isn't always a 24 hour job. You might be able to find a good nine to five somewhere.

[B]

Yeah. And that's what I've been doing. As you know, the job market is pretty terrible right now.

[A]

Okay, terrible is an over exaggeration. As good as it was during the frenzy of the pandemic? No, but trust me, if you think this is terrible, wait until you actually see a real recession. Well, then everyone's going to look back at this time and be like, remember those times? Times were great.

[B]

Literally doing it now. So.

[A]

Okay.

[B]

Yeah, well, in my position, I am. Because I have been looking for another position. I haven't been able to find something.

[A]

What do you mean find something? What does find mean?

[B]

Find another position.

[A]

What does find mean?

[B]

I'm.

[A]

You're applying how much?

[B]

Often, Pretty much every day. Anytime I get the chance.

[A]

Okay. Are you tailoring your resume to those specific companies and cover letters?

[B]

I've more so just built it off, just based off of my experience that I have.

[A]

Okay. Okay. Well, you know, first of all, I don't know resume a lot of that stuff. A lot of times it goes to like a. Just like word reader, AI crap anyway, whether or not you get a job. So are you using resume builders or did you just build your own resume?

[B]

I did use a AI resume builder, but in AI.

[A]

Okay, well.

[B]

Okay, so I got a pretty good score with them. I got a 93.

[A]

Okay.

[B]

So maybe there is some room for.

[A]

Getting calls at all.

[B]

I have gotten a few calls. No offers yet.

[A]

You've been in HR for three months?

[B]

No, for. Since last October, so almost a year.

[A]

Okay. A lot of people want to see two years of a specific industry role to do that. So it might be. That might less be a resume thing and more of a. You just need to put another year under your belt, which again, you'll be 24. That's like. We've all had jobs. I think for the sake of a career, one more year is not the worst thing.

[B]

Yeah.

[A]

What are the other ventures, though, that.

[B]

I'm more so looking into? Of course, HR positions, but I'm also looking into, like, there's a property tax position that I was kind of looking into.

[A]

Okay.

[B]

For that one, I need my real estate license, which I have been working on.

[A]

Really? Getting a real estate license?

[B]

Yeah.

[A]

Because the property tax position with, like the city.

[B]

Yeah, basically. So it's property tax protesting. So there are small companies that I've seen with. There's a big company I think called on. Well, that they're pretty popular.

[A]

Interesting. So you saw an open position. Have you talked to them?

[B]

I have not.

[A]

So we're getting a whole license just to potentially apply for a job.

[B]

Well, they're not the only company in the world that does that.

[A]

No, I know, but why. What interests you about that industry?

[B]

Well, what actually interests me because I was actually, before I got here to Austin, I had a temporary contact through a staffing agency with a property protest company. And after I was kind of able to get in a little bit, you know, get a little bit more information as far as what they do. I never even heard of that before. I was actually just a data entry assistant for them. So after kind of going in and getting to talk to some of the agents that they had there, it was something that did interest me. Me. So it is something that I'm looking into just to kind of build up my. Build myself up.

[A]

Anything else or was it just that?

[B]

That one. That one. And like I said again, just looking into tax preparation as well.

[A]

So let's like take a. So let's take a look at the check in account. 80 bucks ending balance. Okay. So you said you could pay for a 200 emergency now? No. Okay. Hi. It's time to play my favorite game. Pull out the crayons and see if you know how to put X's next to things.

[B]

Okay, it's time to play the game.

[A]

What's your favorite color? Is it red? Cuz that's what you're using.

[B]

That's fine.

[A]

That's how you play the game. Mark next to things that are. Put an X next to the things that are.

[B]

All right.

[A]

Purchases going through the checking account. This legendary statement. Mark it next to the item as well.

[B]

Okay.

[A]

If that makes it easier.

[B]

Yeah, I think that will probably do better. All right.

[A]

Oh boy. All right, that's, that's. Oh, that's good. That's good. I just needed one page to see where your mind is. Game show has concluded, please. Thank you.

[B]

Thank you, God. Thank God. I accidentally broke your crayon.

[A]

You did not break the crayon.

[B]

It was already broken.

[A]

The red crayon.

[B]

I'm sorry.

[A]

This is the game show crayon though. Okay. I don't, I'm a little confused. This is like. We just really don't know. Zoom in on this, Brandon. So what are we doing? You got 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11. Out of 1, 2, 3, 4th, 5, 6, 7,8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20. You got a what? 55. 55 out of 100 got a E. You failed. How. How are you justifying going inside of 711 and getting a three dollar? Six dollar.

[B]

Yeah.

[A]

What are we doing? And Donald's. Donald's isn't in. What world is Donald's not going inside? Just filling ourselves with. How is that not going inside? Getting. How's that not. How are getting your nails? Did not bull. Oh, wait, no, you did call that one. You did call that one. Going to a restaurant. You didn't call that bull. Come on, what are we doing? Well, Little Caesars isn't.

[B]

Well. When you don't have any groceries in.

[A]

Your house, then you go to the grocery store. That's an interesting thing, huh? What a solution, guys. If you don't have groceries in your store, go to the store where they sell groceries.

[B]

Yeah, come on. Sometimes it's like 10, 11 o' clock at night and they're not open. But no, you're right. I. I definitely have been our preoccupied. Little too preoccupied to go to the grocery store.

[A]

What?

[B]

My job.

[A]

Okay, yeah, come on. What do you mean? You mean literally every second of every day you are on a call or working an email. Every second of every day from 8am to 11pm every second. Seven days a week.

[B]

So it starts at 7:30. And my job doesn't end at the office even after 5 o'. Clock. I do have to go to a separate site to then conduct more business. So it's more. Most of the time I work.

[A]

When are you out?

[B]

Probably at around 8, 9 o' clock at night.

[A]

Congratulations. The grocery store is still open. Everyone makes sacrifices. People do this all the time. You're not a unique cookie in that. And I'm sorry to tell you that. I know it really sucks. I wish so. I wish. I wish it wasn't like that. I wish it was more. I wish it was easier. There's also curbs I pick up. It could be a little more expensive upsells. But even still, you would save money compared to going out to eat. You're going in, getting some. Getting some BS cash app and out. McDonald's getting BSBs. Hop Daddy, hop daddy. Chime. Is that. That's the mobile bill, right?

[B]

Is that what's chime time is a. It's kind of like cash app. It's just another car.

[A]

All right, so chime. Going to a restaurant, getting our nails did. Going in, getting some BS. Hop Daddy going in and getting some BS. Little Caesars. McDonald's going and getting some BS going and getting some BS. We're getting snacks, chips, all for every second of our life. Going inside and potentially get into BS plus cat plus gas maybe, I don't know. And cash app it out. Styleseat.com going and getting some BS. Timu. $248 a team of. First of all, that's enough stuff. A house in Timu. Stuff like that's insane. First of all. Timo, what are you doing?

[B]

I got.

[A]

Also no you Timu. I will not let you sponsor this channel. Stop asking.

[B]

No, I ended up getting a bed frame there.

[A]

From there, a teemu bed frame did. All right. Should we place a bet on how long until it collapses?

[B]

Yeah, probably. But I more so just got it just to get my bed off the floor. Because ever since I've been here, it's.

[A]

Gonna be on the floor. Yeah, in like 30 seconds.

[B]

It's been holding up so far.

[A]

Especially if we keep stopping at the gas station getting bags of chips. That's not gonna help either. Go inside, getting some B.S. go inside getting some B.S. go Inside getting some B.S. we went inside, we got some B.S. we went Inside, we got some B.S. we got some B.S. mcDonald's, Amazon, Cash App after pay cash app. Taco cabana cash app going to the grill cash app. Chevron went inside, got some BS there, sent out some cash app. $30 Steve Madden Chime Again 500 on Chime McDonald's, Amazon, Amazon. My throat hurts and I have a lot of things to get through on this statement. Let me tell you. Style c.com we're back baby. Went and got some BS winning, got some BS hop daddy, hop daddy you love hopped out of your from Parmesan truffle fries down the throat like crazy cuz. Cuz I am also again a thick boy. Styles. She went and got some B.S. cash app. Cash app. 5 below got some B.S. amazon. This is, this is just insane. This is just insane. Cash app and our money cash app and I want money winning, got some BS winning, got some BS winning. Got some BS winning. Got some BS McDonald's winning so I get some BS. Little Caesars got her eyebrows dead after pay cash app out 35 cash out about 65 when it got some BS got our nails did again when it's like some BS when inside got some BS are you like, are you, are you the person that works there or something? You're there every second of your life. Taco cabana, Amazon. Or you just like get off and like sniffing the fumes at a gas station because you're there every second of every day winning, got some BS Whataburger, Cash app and out Texas Roadhouse. And I love me some rolls. But also you're not paying bills. Water burger. Oh thank savings, 200 bucks. Oh wait, there's a cash app statement as well. I'm just like picturing just like this. Imagine if you just like just even for even just a high yield savings account. Like okay, let's say you opened up a moomoo account. Okay, okay that in there at least for like three months you get an APY on your money of 8 point whatever percent. It's incredible. Imagine what all that spending could be doing. It could be making money. You could be making money on your money. Instead you're just like, ah, let me just go inside gas station and get some crap. I don't know this cash apps weird. It's like $400, $38 $5. $25 of Cash App payments. Are those two individuals? Yeah, they're blacked out so they must be.

[B]

Yeah.

[A]

Ah jeez. Me.

[B]

Oh.

[A]

It takes longer longer to get through statements these days. I swear.

[B]

I don't have anything to say.

[A]

I guess we just need to create you a budget to see where you stand. Cuz this is like from that I'm just. This is crazy man. You have the large purchases 1300 for cash app. What in the world? Primerica $124 and then Chime $525. What are we doing? Reminder, you spent a thousand six hundred dollars more than you brought in so.

[B]

Yeah, well at least for the 500 I can tell you where that the chimes. Yeah.

[A]

Okay.

[B]

So that one was actually helping my mom get the car. She gave it to me in cash. They wouldn't accept the cash so I had to move it to my child card in order to.

[A]

This sucks because I love my mom and I will do anything to help her. But there are certain things where I think this one was okay. If they give you cash, you're helping with that. But with the car payment, at a certain point you are one, you've enabled her to get something she can't afford. Probably two, you're also yourself. There is a point where helping other people is actually not the right thing to do. It's a rare case, but there are points where you're doing that. And that is kind of an example of that. Okay, so $4,145 and 4 cents comes in bi weekly. Comes in half of that.

[B]

Oh no.

[A]

Bi weekly. Well, scary. Debt payments. Let me get that debt payment. Almost my damn mind. And then what are you transferring to other people? Over a thousand dollars. Thousand two hundred. Whatever.

[B]

For more. So eating out, there's more.

[A]

There's a thousand two hundred and fifty dollars of eating out more.

[B]

So you spend.

[A]

So you spend a thousand seven hundred dollars eating out.

[B]

Eating out. In between eating out and shopping, what.

[A]

Are you shopping for?

[B]

Just clothes. Different things.

[A]

Yeah, if you keep eating out, I guess you need to keep buying larger and larger clothes. Meaning you always have to go. But that doesn't mean that.

[B]

Yeah, that's the retail therapy I was talking about earlier.

[A]

Okay, no more retail therapy. Go to therapy. Therapy. It's cheaper.

[B]

I don't know. That's why I'm here.

[A]

That's what everyone says. 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 5.4.5% 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 a hundred dollars 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 your debt payment. It's basically a rent payment on three things. Is 1191 I'm leaving out of there. Your student loans are likely 50, but they're zero right now. And leaving out the 500 that your mom takes care of because, you know, she gives it to you. She give it to you in cash.

[B]

No, she actually just makes the payment directly herself.

[A]

Oh, I was gonna say okay because we didn't see anything come in. Okay. What's your rent?

[B]

14 all together. 14.

[A]

What's all together? What's all together? All utilities?

[B]

Yes.

[A]

Okay. Does that include Internet?

[B]

Yes.

[A]

Water, electric, gas?

[B]

Water, electric, gas.

[A]

Wonderful. Renters, insurance?

[B]

Renters insurance is probably an extra $20.

[A]

Cool. Gas. Vroom, vroom. Drive. Drive.

[B]

I fill up weekly and it's no more than $30.

[A]

Good thing you don't do it bi weekly. It'd be unmanageable. Yeah, Sorry. Long conversation. It's always the second half of the week. After so many of these conversations, I start to lose it. I feel good for the person who comes on a Monday because I'm like, oh, how you doing? Yeah. Oh, well. This that bad, isn't it? Oh, yeah. Oh, don't do that. And by the end, I'm like pulling out a Glock.

[B]

Please don't pull out the Glock.

[A]

What's your car insurance?

[B]

My car insurance is 130amonth, but my mom takes care of it, so.

[A]

Okay. Groceries 300. Follow the meal plan. In our budgeting program, you can tweak it to your needs. 100 TP fund. This is getting your nails did. Anything else you need to survive, you can put it in there.

[B]

Okay.

[A]

That can even include a little bit of fun if you're able to keep your needs on a low basis.

[B]

Okay.

[A]

Co pays, medications, doctors appointments, therapies, Co pays.

[B]

I don't have insurance right now.

[A]

Why?

[B]

Because when I first.

[A]

According to your last tax day. First of all, why is your job not covering that?

[B]

Because when I first got there, their insurance is pretty high. So I wasn't making enough to afford that and then afford my bills as well, so I never signed.

[A]

I'm sure they had another. I'm sure the lowest option. I don't know, I don't. I can't really trust. You're not a reliable narrator in a lot of these finances.

[B]

I mean, all you can do is trust me, right?

[A]

Yeah, but I can't. Is the thing based on everything you've said at the beginning of the conversation?

[B]

Well, I'm like you haven't been able.

[A]

To describe a lot of these things accurately, so.

[B]

Yeah. Well, the thing about it is, is like I said, when I first got here, I was making 18 with the same company.

[A]

Yeah, I got you. So with your income situation on the healthcare exchanges or even just going through like a brokerage that would find you one. I mean you could have found health insurance outside of it. And because the government thinks you don't make much money because of last year, that's their most updated thing, you could have honestly probably gotten like a hundred dollar a month health insurance that was halfway decent right now. And even still, what I would do is at a minimum, because you can go bankrupt to this medical things, go out there and get literally the cheapest health insurance possible to cover you in the case of a deep emergency. Yeah, At a minimum basis, at least go to that. I'm putting $200, I'm putting 200amonth in here. Okay.

[B]

Well, as of right now, I have found some resources.

[A]

So. What about your mom, does she have health insurance?

[B]

I can't speak to that. I don't know.

[A]

You can be on it until 26.

[B]

I don't think she does. I don't know about your dad. Not a picture.

[A]

Okay. Okay. What were you gonna say?

[B]

Oh, I was just saying that I did find a place here that put me in touch with different resources that were free. So it's not.

[A]

No. You still need insurance though, for big emergencies you can't use these resources for. I'm putting 200 bucks there.

[B]

Okay.

[A]

And that, that's going to be cheaper than next year. But again, just Based on what your tax returns say, you might be able to qualify for some things. Hang up and mute that phone. Put it on. Do not disturb. Naughty, naughty. Subscriptions? Nope. Do you have any pets?

[B]

I do. What a dog? I don't know exactly what she. What breed she is.

[A]

I would still pet her. It's okay. Pet insurance. Put insurance.

[B]

Yeah. No, not yet.

[A]

Okay. I'm putting in there 25 bucks a month.

[B]

Okay.

[A]

Get pet insurance. That'll also save you money because you're not going to let it die if it chokes. No pet food.

[B]

Probably at the most 30 bucks and it lasts me. Yeah. But no, not maybe about a month and a half. It's a pretty good bag.

[A]

I'm putting three. She's small.

[B]

Yeah.

[A]

Phone bill.

[B]

176 is your phone bill? Yes.

[A]

Do you have like an Apple watch? IPad financed? What are you doing? 176.

[B]

It's just really more.

[A]

More so five iPhones?

[B]

No, just my phone and my service. And then with who? T mobile.

[A]

I have T Mobile. What are you talking about?

[B]

Yeah, it's my phone. That and then I also had prepaid Internet with them but I recently got rid of that because I didn't know that my apartment's actually.

[A]

When you pay off your phone, switch to helium for 20 bucks a month. It's the same towers. T mobiles.

[B]

Okay.

[A]

Okay. But you have your phone finance. So I'm going to put in there. What is it? 175.

[B]

175.

[A]

You need to fix that. Honestly. Might be worth paying off early so that you can switch to a cheaper thing, I think. Anything else I need to put in your budget?

[B]

No.

[A]

While I'm doing this math, what do you think of the financial audit experience so far?

[B]

So far I have enjoyed it. I feel like that's why I came here because I kind of need somebody to call me out on some of that stuff.

[A]

You know, some people watching this video right now, they like to complain. Think you're a victim for being on here. Are you a victim?

[B]

No. I don't feel as though I'm a victim.

[A]

You're a victim because there's a man making noise across the table from you slightly louder than inside Voice.

[B]

No.

[A]

Okay, well, you need 3561.50amonth live. Good news, you make 4145 and 4 cents. So we should be making much more progress. But again, we know you spend now. We know thousands of dollars on fun a month.

[B]

Month, Yeah.

[A]

A lot through cash app. But are you willing to stop that. Because if you're retail therapy, going out to eat.

[B]

No, yeah, I'm definitely willing to stop that.

[A]

So what's different today than previously? Like, well, how are you going to stop that if you've literally been spending 1500 $2000 a month?

[B]

Well, at the time when I was spending it, of course I felt like, yeah, I don't need. I know I shouldn't have been doing it, but I was doing it just. Just because I could. I felt that I could. But evidently going through the numbers, I cannot.

[A]

All right, 583. I would immediately kill that one collection. Just to raise your score a bit. That $91, put the rest toward savings. Go 500 bucks in savings, essentially. And then next month I would do that again. Honestly, this next quarter I would do that.

[B]

And honestly, I just, I can't have.

[A]

You in a scary situation again. So honestly, through the end of the year I'm doing minimum monthly payments on the debts.

[B]

Okay.

[A]

Actually even that 91 collections, I'm leaving it there.

[B]

Okay.

[A]

Set up that 583. 583 through December. So through the end of this month. Oh wait, we're not in September yet, are we?

[B]

No, still in August.

[A]

Four more months. I know how months work. And that gets you $2,332 by the end of the year. Still doesn't even cover a full month, but at least we have that as a starter. And then first month next year, I'd.

[B]

Really like to by the end of this year see about getting out of that car lease and hopefully have a.

[A]

So you said they would only put in roll. So I'm a little confused. What did they tell you they would do with the lease?

[B]

They told me that if I give it back that day that they would only give me 32, 000.

[A]

What would 32, 000 towards the remaining balance of the lease?

[B]

Yes. And I was. Oh, 8,000.

[A]

Oh yeah.

[B]

So that's why I hadn't given it back. But like I said, I want to really the.

[A]

I really, you know, it'd be. But I would talk with them if they're. If they have a 10,000 hour used car that you can get certified by a mechanic that'll last you years for safety and reliability. If you can get a 10,000 hours roll that. And I hate this, but it might be what you have to do in your situation and roll that negative $8,000 over an equity. Since it's with the same dealership, they might let you do that. Oh, $18,000 on that soon as possible car. Yeah. And again it's going to be at a rate probably, but probably ranging 15, 20 maybe. Your payment's not going to be that much better though. It's going to be easier to pay off because the, the thing is, is.

[B]

The lease, it's still not mine.

[A]

Still not yours. And what you'd have to do at the end is get another lease, but it's a lot less controlled. Ah well, but the thing is even.

[B]

If you could move over to finance this car. No, no, not this one. That if I were to go ahead and trade it in and get.

[A]

Well that's what we're, that's what I'm talking about.

[B]

What do you mean another lease?

[A]

No, so what I'm. I'm just, I'm sorry, I'm just trying to math it us out because your payment's not going to be that much better.

[B]

Yeah, but if it's.

[A]

Unless you get like a 72 month loan, like I'm not going to get you anything larger than three years. So it's just cuz if you pay off this lease then instead of re upping just call it good and even get a cheaper lease for a bit while you're taking care of the rest of this debt. It's a option but mathematically in terms of a minimum payment option might not be the worst. It's complicated.

[B]

Yeah. So I, my original plan was to keep it until the end of the year, try to save up as much money as possible while still making a mint.

[A]

You're only able to save up 2, 300 though?

[B]

Well if I cut out some of my spending and also that was just.

[A]

Cutting your spending to zero except for your needs.

[B]

Okay, well do you not.

[A]

Have you been here the last 10 hours?

[B]

No, I was here. I just maybe misunderstood but I was just really trying to see if I can get a cash car so that way I can just get out of it.

[A]

No, because I'm not gonna get you a two thousand dollar car because unless you get a really unique situation that's impossible to find. Oddly enough one of my employees did find a weird one thousand dollar car situation and it's like in good condition but it was just a weird thing, someone looking to get rid of a car. But whatever, either way like you're not going to find a reliable car for that much in cash. So. Yeah, it's like that's just going to put you in a worse situation in the long run with all the repairs and then you can get another car and the Car.

[B]

Right.

[A]

What I would personally do is I would probably take that trade in option, roll the negative equity over and get the cheapest reliable used cars you can. I'm saying 10, but see if you can get something closer to 7,000, 8 or 8,000. I'm still doing only like a 3 year, 4 year loan because you're probably going to want to stretch it out to like eight years to lower the minimum payment. But it's not worth it because we're just going to pay it off early anyway.

[B]

Mm.

[A]

I just don't want to give you the ability to stretch it out over eight years because you could take the longer one with the lower minimum payments and then eventually pay off it quicker. But I don't want you to have the excuse to be able to stretch it out that long. So I'm probably doing that. Synchrony card. No, the apartment, hopefully that's negotiated down. Synchrony card, that's the first you're tackling. Still going to take seven months, six to seven months to make. So it's going to be halfway through next year. The Navy federal. This is crazy that I'm even suggesting this because I mean, I do have the moral responsibility of pay back the debt that you borrowed, but it's so substantial it's going to take so long to pay off 583. Oh, sorry, you make 583. No, no, you'll pay off the synchrony card in four months. You have an extra 580. Five hundred and eighty three. So okay, four months. But even still, the seventeen thousand dollar alone, it takes multiple years to pay off. You can do that. Part of me, and I'm not suggesting to do this because I don't know, I want to think on it a little longer. Part of me is allowing it to go to collections and then trying to negotiate with them to only pay half of it because it's so substantial. But you could pay it off in a couple years with that extra 120amonth that you're rolling over from synchrony. You should be able to tackle it and maybe a little under two years. And then you have that new car to take care of with the rolling over. That's going to take another two years. You could be out of this if you don't finangle at all and you just stick to the minimum payments and you do that car thing we talked about, you could get out of this in four years.

[B]

Yeah.

[A]

And then a fully funded emergency fund and everything. Let's call it five years total. Okay, you could do that now, you know, obviously, incomes increase over time, so we roll that in and you'll have. And once you pay off the Navy Federal, you'll have an extra 415 to third towards the car on a monthly basis. So actually, I think this in total could be four and a half years. With the fully funded emergency fund. At the end, you have a long journey. The thing is, you don't have a lot of different debts, and then you're taking care of the collections as well. But then you don't have a lot of different debts, but you have a risky situation with your mom's car, student loans that are a little unknown, and then the debts you do have are very high debts.

[B]

Yeah.

[A]

I would grind it out. You can potentially consider a collections and negotiation. I don't know. I would personally grind it out on my own end. That's how I would do it.

[B]

That's kind of how I.

[A]

There's even debt payoff services. Makes sense.

[B]

Yeah. Because I. I'd honestly like to keep my Navy Federal account and everything because I did talk to a debt consolidation or the JG Wentworth people and all that stuff, you know, but I don't trust them. I don't. I can't really trust anybody right now, to be honest with you. So I've talked to them and everything, but I just don't want to necessarily close or put a stain on my Navy Federal.

[A]

Why do you care about Navy Federal?

[B]

Just because they have some decent benefits and I was able to get a lot of opportunity with them as far as, you know, even just getting that c. That credit card. No, it wasn't necessarily smart, but at the time, I did need it when I first got it, and then it just started building from there.

[A]

Honestly, I'd rather have you look at the relief app. Let me send that to you. It's a better debt payoff type of system.

[B]

Okay.

[A]

Again, it's meant for more extreme cases when I typically use a resource like that.

[B]

Oh, is this not an extreme case?

[A]

This is. And that's why I'm considering. Look at them. Okay, so that's what I would do. Okay, well, so, yeah, look at the relief app potentially, and we'll send you the information on that. We'll probably put them in our resource section as well.

[B]

Okay. Okay.

[A]

Spending in a budget. You're overspending. 0 out of 10 collections and debt. So 0 out of 10 emergency fund. You had 200 saved.

[B]

500.

[A]

500. I'll be generous and give you 1 out of 10 retirement you have nothing there then that scares me, by the way. 010 real estate. Nothing's around financial score. We only round up unless I hate someone. And I don't hate you. You're a very pleasant person. 0.5 out of 10. Make sure to check out all the resources linked in the description below. Is there what I use or would use in specific situations? Now join us for the Post Show. We're going to talk about a little extra drama and more things about the episode and bring in our producers to have some more knowledge about you and the craziness of your life and your situation. So click join below and join us for that. Thank you. Today on the Financial Audit Post Show. I'm just looking to hook up and I was very clear that just looking to hook up, she's like, come pick me up. And we were just gonna hook up. You know, that's fine. You know, just being very clear with intentions irrespectible. She opened the door and then she was like, like, you know what? I'm gonna let my tick tock audience know about you. And then she left open my car door. And then she walked away. Luckily I can push it with a button. I closed it. So I kind of just like looked at her, pushed a button and it closed. It sounds like she had an agenda. To watch the Financial Audit Post show, click the join button below.