D (2:14)

So what's the main question?

B (2:16)

My main question is I got kiddos that I'm going to need to get cars for. Is it because I know Dave says if you can pay the car off within two years, then it's potentially a opt for keeping. Right. So do I keep the car or do I forego the car? Because I got my kids potential driving coming up and then I have one more wrench to throw in there. I'm currently living on folding tables in my kitchen because we bought a home that needed repairs and it ended up being a disaster. So I've been in a year in this house with no kitchen.

C (3:01)

Oh boy.

B (3:02)

So on top of everything else, I'm surviving and it's fine.

D (3:06)

Like when you say folding tables.

B (3:10)

I have no cabinets. I have no kitchen counters.

D (3:13)

You have a sink.

B (3:14)

I have a sink. I have a utility sink in my laundry room.

A (3:19)

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C (3:48)

10% off?

D (3:49)

Up to a 250 value.

C (3:50)

See store for details.

B (3:51)

We have a utility sink in my laundry room.

D (3:56)

I know you're making salad in the bathroom.

C (3:58)

There's a. There's a porta potty out back that we all use. It's a good time.

D (4:02)

Okay. There's a lot.

B (4:03)

We did redo all of the plumbing. We did all of the electrical because our inspection came back horrific. And actually, no, the inspection came back fine. But once we started going through things, everything had to be replaced. Everything was a firehouse. Where did you was about to go.

D (4:19)

Oh boy.

C (4:20)

So is this going to be like $50,000 to get this thing up and running?

B (4:25)

No. So we've got most of it up and running. So we dug into our nest egg, which is half the reason we're in our. Our.

C (4:33)

You, like, robbed your retirement accounts?

B (4:36)

No, no, no, no. Just the equity from our house that we sold in another state.

C (4:41)

Okay.

D (4:42)

Oh, okay. A secondary house.

B (4:45)

Yeah, we sold. We. We used to live in Colorado and we sold everything to move Days of our Lives.

D (4:53)

It just keeps unfolding.

C (4:54)

The bad decisions keep going with you wherever you go.

D (4:56)

You had a house in Colorado. You sold that. You had a sum of money and you've been pulling from that.

B (5:02)

Yes.

D (5:03)

How much was it and how much do you have left?

B (5:06)

Oh, I don't have any left. You know, like we're down to our thousand dollar emergency fund and we're sl. Getting.

C (5:14)

How much was it originally?

B (5:15)

That credit card? I think it was like 50.

D (5:19)

Okay, so here's where we're. Here's where we're at. So the $40,000 car you just told me, now you can't keep it because

C (5:27)

of all too many priorities.

D (5:29)

Yes. And as it relates. And I'll just give you a couple of thoughts. Even aside from the kitchen malfunctioning, I'm thinking, okay, 40,000 in this car. Surely you have another vehicle that's worth something. And then you've got these kids. We don't want more than half of your income in vehicles going down in value. So you're likely going to have to lower this because you've got about 60. You've got about 70,000 that you can spend on vehicles. Right. So all four of you having vehicles, somebody's going to have to shift down.

C (5:59)

And it doesn't mean you should have 70,000 in vehicles. That's just the upper, upper tip top limit if you really want it. And right now.

B (6:06)

And my husband's car is paid off, but paid off. It's a 2020 Chevy.

C (6:14)

Yeah, that sounds expensive.

B (6:16)

So it was. But we got it during COVID Besides the point.

D (6:24)

But the point is, we're going to go down to the credit union. We're getting some sort of loan to get out of this $13,000. And then because you owe 40 now. So if you take a loan for 13, 13 is less than 40, that's a better deal for you.

C (6:36)

Plus some cash to get you a car to get from A to B right now.

B (6:39)

Yeah.

D (6:39)

So maybe try to get the loan for 18 and you spend 5,000 on a clunker. That's what I would do.

C (6:44)

And then give that to one of those kids that are driving because they're inevitably going to make it even more of a clunker.

B (6:49)

Indeed.

C (6:50)

And then you can upgrade with cash once you guys have it. So that's up to you how you want to prioritize. Hey, we got to get a car for Junior. We need to get some cabinets in this kitchen. We got to clean up the other $6,000 of debt that you have left.

D (7:03)

And if Junior has to wait a while for a car, by the way, he'll be. He or she will be strong, like, it's okay.

C (7:09)

I shared my parents cars a long time.

D (7:12)

Yes, yes, absolutely.

B (7:14)

Well, it's two of them. They're twins.

D (7:15)

That's okay. They can ride together.

C (7:18)

Get them a tandem bicycle. You know, that's. That'll look cool going down the road as twins.

D (7:22)

Yeah. Either way, if they have to wait for a while, while mom and dad get their life squared away, that is fine. They will survive that.

B (7:30)

Absolutely. Now, the.

D (7:32)

The kitchen. Let's talk about finding the money. So how much did you say? 50,000 or that's. How much is it going to cost to just get this in order? Yeah.

B (7:42)

Oh, the kitchen. We've already done almost everything except countertops and cabinets.

C (7:50)

So that's, like, the expensive part.

B (7:52)

I know, but we've priced, and we've. We're looking at about 7,500, and then that's not bad. Done with the kids. No, I'm not a bougie girl. Okay. Sounds bougie, but I'm not.

D (8:04)

Okay, good.

B (8:05)

So I. I'm not looking to make it crazy. Okay, well, if you.

C (8:11)

If you get rid of this car and you knock out the other 6K, you can cash flow that 7,500 pretty quick. And cash flow a couple of cheap cars as well. So this is all very doable. We just need to start putting things in order. And I think this getting rid of this car is going to give you such relief.

D (8:25)

Yeah.

C (8:25)

And later on, you can get you a nice $30,000 car with cash, but right now, it's sinking, you guys.

D (8:31)

Yeah. By the. I mean, put it to you like this. By the end of summer, you'll be driving, your kids will be driving, and you'll have your cat, your. Your. If you go hard in the paint, you'll have your kitchen done. And I think that's. That's a great feeling. The one thing I will kind of throw out there, because it's hard selling a vehicle. It is hard on the ego.

B (8:52)

Okay.

D (8:53)

Because everybody knows something's up. You were driving, and you go from

C (8:58)

the nicest car you've ever driven to the worst car you've ever driven overnight.

D (9:01)

Absolutely.

C (9:02)

That's brutal.

D (9:02)

Because people are like, whoa, hey, what happened? You know, they're at Chili's wondering what happened to Bob and Susan. They have their Escalade.

C (9:10)

My butt's cold.

D (9:11)

But the good news is, it doesn't matter what other people think. You guys are far beyond that at this point. If you're. If you're gazelle intense, that is one lesson that you have learned.

C (9:18)

If you got real friends who have seen your kitchen, they won't care about your beater card. I'll tell you.

D (9:22)

That's right. That's right. But for anybody who's doing this journey, just be prepared to not care what other people think is what we're telling you.

C (9:28)

The superpower.

A (9:29)

Create your free every dollar budget today. The simplest way to budget for your life.