Financial Audit - Homewrecker Steals Married Men And Loses Everything | Financial Audit

Episode Date: July 22, 2024

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To watch episodes of Financial Audit a week earlier, check us out on YouTube. I got myself into a lot of credit card debt because I got into a situation. How long are you married? Almost five years. And you got with this person. I thought we were going to be in love. That wasn't the case because he was married. Technically, I was married too.

You and the married guy, banging it up. You were. Yeah, of course. And he was married. Yes. That's home record behavior. I'm definitely. I'm 34. I'm from Huntsville, Texas, and this is financial audit.

Welcome over to Austin. I don't know where Huntsville is, but what do you do for a living? So right now, I'm what they call a distribution designer at an electric company. Okay. So basically, I just design new construction power lines in like an AutoCAD type software. All right. How much are we making? So I make 3174 an hour. Okay. that's it's pretty good yeah so i'm about to get a raise well okay yeah oh you're gonna get a raise to what

uh it's like 33 58 or something like that so i see 3,817 come and comes in that sounds right is it about to be like 4,000 after the raise where's it going to jump to i haven't done the math but maybe okay so what are we looking at today we got we got we got some weird and interesting debt you make okay amount of money so it's like a little confusing I think we're going to need a little context

what are we looking at so I'm kind of a mess okay so it all started two years ago I got divorced and 32 when I left my husband

I was only making like $16 an hour. And so that wasn't enough. And so I got myself into a lot of credit card debt because I moved into an apartment that I couldn't really afford, but I thought that someone else was going to be living with me in it. So what do you mean? The ex?

No. Okay. So right after I got divorced, I got into a situation with somebody I knew from work. and um how quickly after the divorce well like immediately it was like a rebound right i guess is what they would call it okay and we worked together like the day after maybe maybe like sort of yes okay so i knew him right we worked together that's how we met wait how long are you married almost five years did you ever have any kids? Yes. And you got with this person a day after? Yes, but see what? I thought he was like the love of my life. A day after divorce. Okay. Yes. Sure. And you thought he'd be living

with you? Yes. Like I thought we were going to be together. We were going to be in love. But then that wasn't the case because he was married. Oh. Which I know it sounds terrible, right? That sounds terrible. He thought he was just like the love of my life and we met under these unusual circumstances, which technically like I was married too, right? Like so- Wait a fuck. Okay, no, sorry, go on, go on. So like, from the time I moved out of my house to the time my divorce was finalized was probably like six months, maybe a little longer.

So like technically I was married. What, this, this, this, the, so like the day after you. You were like, hey, I'm divorcing you. Is that how that went? My ex-husband? Yeah. Well, we had like a conversation. And we were like, okay, so it's ending in a divorce?

We understand that? Then the next day, you were with that dude? Well, I mean, not, no, not exactly. But very soon after, yes. But he was married? Yes, so I was under the impression that he was the same kind of married that I was. Which like... The same kind of...

What kind of married is that? Which is like... That's insane. No, hear me not. So like, I'm hearing you out. It just doesn't really vibe with my personal morals on that. Right. No, no, no.

Go go. You say your thing. We're trying to get context for how you ended up here. So go ahead. Legally married, right? Oh, yeah. Like was not divorced yet, but we were not living together. Yeah, but you also met her for the day after and he was married.

Not a day after. That makes it within a couple of weeks, right? So anyways, he had me under the impression that they were getting divorced, but they owned a home together. They owned vehicles together. So it was like a longer process, right? Yeah, you guys had a kid. Yeah, but we didn't have any like finances together.

So it wasn't hard. Okay. So he was like, I'm leaving like he's, they're not together anymore, right? They're just in this process of getting divorced. That was my understanding. Turned out that wasn't the case at all. And I found that out several months. I'm going to you guys together.

Me and the guy? Sorry, I know this isn't like straight finances right here. We're trying to give context for the finances, but I do have to be a little honest that I am quite interested in this. That's fine. So I will give it at least a couple more minutes. We were together maybe six months. You and the married guy.

Yeah, married. Banging it up. Banging it up. You were. Well, yeah, of course. And he was married. Yes. That's home record behavior.

Technically. That is true. Yeah. It's embarrassing. Yeah. They're still together. And you signed a lease expecting him to live with you? Yeah, they're still together.

Does she know? Oh, yeah. Are they open? No. Future wife, please don't cheat on me. I would be that. Okay. Yeah.

So she found out about me. And I was kind of like. Oh, she found. out. Okay. Yes. It was the whole thing. Yeah, let me look at his back to finances. So you signed Elise expecting to live with him because you thought he was the love of your life. A married man that you met? When you say like that, it sounds bad. But I'm going off what you're saying.

No, and what I'm saying is that right now, right, of course, now I see your perspective. No, no, no, no, no, no. I'm just saying did you get the apartment expecting to live with him? Eventually, yeah. I thought eventually you were moving. I don't know within like a few months. There was something that was happening that he was waiting. You know, there was like a time. Yeah, maybe he had a wife.

Yeah. So I couldn't really afford it. But it was also the cheapest place I could find. So I don't really know what I could have done differently necessarily. And it does sound crazy. So that's how you started getting into debt? Yeah. So when I got divorced, I didn't have any credit card debt at all.

I had credit card. but no balances on them. Yeah, yeah. But I did have all this student loan debt. That's been there. So, yeah. So I ended up in the credit card debt because I didn't make enough money to live my life. But I had to.

Well, you signed up for a life or two with this, like, dream that didn't exist. Yeah. It's so sad. It was kind of, it feels like a, it was like a fantasy in your head? No. Why did you think he was going to move in and take care of half the payment? Because that's what he was telling me. Okay.

So he was like, I'm going to marry you. You're the love of my life. Did they have kids? Yes. Teenager. This is gross, okay. It is gross. Is it?

They're so happy. You think so, okay. It is? I mean, it's embarrassing, right? But it's also like a part of my life. It happened. Two years ago. Two years ago, it's a long time.

But I'm trying to do better, right? That's why I mean. Okay, sure. And my life is so much better. So you started going into debt because of that? And then... Well, not because of the guy. It was two years ago.

But because you lived a lifestyle too high because he didn't move in. Yeah, because I truly cannot afford my life with the job that I had. Well, that was two years ago. So what have we done these last two years? Okay, so about a year ago, I got a way better job. Oh, yeah. This job I have now, right? Yeah, that's a good job.

I basically doubled my income. Oh, sure. So it's been way better. I moved into a better place. That's okay. Which was necessary. Yeah. What do you mean?

So the place I was living when I first got divorced was like a tiny home. Yeah, the place you couldn't afford. Okay. Yeah, it's meant to be like a storage shed, right? It was. It was. It was storing you. Yeah.

And so it was like 500 square feet and just, all one room basically. It was not ideal. You were living in a studio. Yeah. People live in a studio. Okay. Sorry, go ahead. Okay. But when you have a little kid, you have lots of stuff. She'll be five soon. What is she gonna think when she...

I don't like it. I think people do this all the time, right? That isn't... That's part of like love is like taking a chance on something. And like I... It sounds crazy, but I really... thought like he was like the one right and then he wasn't and that's partially because he was lying to me and I just believed it because I wanted to believe it but now in retrospect it's very clear what was

happening well what would you rate yourself finances wise I know we're talking about love we're not talking about that kind of rating we're talking about finances finances zero being the worst 10 being the Where do you think you are financially today? So I took the quiz on her website. Oh, yes. Free link in the description below. It gave me a zero, which I don't agree with. Why do you not agree with that?

I don't think it's that bad. I think it's... I was seriously going to... I think I'm like a four. You think you're four. Explain. Go ahead. Okay.

Give it to me. So I do have a lot of debt, right? Oh! Okay. Yeah, laugh it away. Go ahead. Now, laugh that pain away. I don't have anything in collections.

And I'm... You own a home? No. You have a fully funded emergency fund? No. How's your retirement? It's pretty good, I think. But truthfully, I don't really know.

I don't really know. It's pretty good, I think. I don't know. All right? So you don't have an emergency fund. You have bad debt. Yes. You might have retirement going for you.

No, I mean, I have like a 401K from an old job that I quit. But is it good for your age? Like I don't know. Oh, probably not. Okay. So why are you a four? Well, four is like less than halfway. So I feel like that's not so bad.

Zero to ten. What's in the middle? Five. So five would be basic average, solid down the middle. Yeah, so I'm like just below that. I think that's fair. Oh my. Okay.

Gosh, well, that's an interesting take. Also, guys, you know, we are looking for interesting people to come on the show. I don't know about that. That was special. We are looking for interesting people to come on the show. If you have unique financial situations for us to look in, you know, we like having nice little different tastes of finances.

Feel free to come on the show. You know, also just conversational people because it is a podcast as well, people who like to have conversations, people that have opinions. We like to make an educational, interesting, fun show. So apply to be on at Calebhammer.com slash apply if you would like to be. Thank you for being on.

I know I've given you a hard time so far. But thank you for being on, um, for us in wild, but, um, that's, well, we'll see, right? Oh, we'll see. Sure. We sure will. All right. Let's jump into this because this, like, we've been, we've been, this is, it's been the Caleb Springer show so far, which is, is fine.

I mean, I find it entertaining, but, like, we're, we're also trying to get into your finances here. Maybe you should divorce the debt and sleep with, debt free right off the bat that's a great idea actually I'll work on it well okay Bank of America yes think of America oh what I'm so sorry I want to ask about that apartment let me get through this card and I'll ask about your current apartment again okay 5,000 five hundred forty four dollars and sixteen cents is the balance with a ninety eight dollars of interest you're purchasing

You're purchasing. Why do we do this? Why do we do this? You've had two years. You got a better job. And this is what I was going to bring up a second ago. You moved into this bigger, more expensive apartment. Okay, I understand it.

You wanted to get our studio. That is relatively fine. But if you doubled your income, you moved up some lifestyle. How the, why are we purchasing an article? Why is this not been paid off? And not only that, but why are we purchasing an car that's getting $98 in interest? Why is this, why have you made no progress on the debt? I don't think I've been purchasing on that one.

It's been a long time. Oh, interesting. Why don't you go ahead and just take a look at numbers? Almost like it exists right in front of me. Looks like you stayed at a hotel. Recently. Whose husband did you bang in this hotel? Nobody.

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That might be that. You have a hotel to go to the beach? I went to a Featheach on 4th of July. I didn't buy a hotel. What are you talking about? I mean, I do go to the beach all the time without... How far away is at the hotel? You have debt, though. Why would you put it on a card that you have to pay off?

Oh, I thought I had to. So when I booked the hotel, it was like, if you use a debit card, it'll hold so many $100. Do you know what I mean? They do prefer credit cards, yes. So I use the credit card. And you asked me, why haven't you paid it off? And the reason is I... Yeah, you haven't made progress.

Like, it's just... You were making so much. You made double. Yes. So it was like $11,000. Maybe. But then what? But then what I did do was I took, I did that balance transfer thing.

So you didn't even pay it off. You just balanced transfer. Right. And that balance transfer has zero percent interest. So I've been focusing paying on that to pay that half off. That's not paying off that though. Before. I thought it was a good idea.

Potentially. Okay. Potentially. When did you do the balance transfer? It would have been. maybe October. Okay. And I think I had 18 months,

zero percent. No, I get that part. I get the math part. So I've been just paying the minimum on this one and then paying more than the minimum on the one with the zero percent. On the interest free card, that doesn't make any sense.

Well, because I have to pay it off before the end of the... Yes, but 18 months in a long time. Like, I would have tried to... Well, I guess I would have math that. I would have figured out what the minimum of the payment would be required to pay that off of the 18 months

and then just put it at that. And then the rest of the money I'd be putting on cards. that have interest. But again, that's a math thing. And the math thing, yes, consolidation can kind of make sense. I'm not opposed to the concept. But someone like you, you just, you lived higher than you could.

I mean, we Oh gosh. I mean, 10% of your spending goes to eating out another 7% to miscellaneous bullshit. There's a lot. There's unknown spending another 10%. Like, I mean, it's crazy. So it's someone like

you, you have a behavior issue. You can't control your spending. So it would a consolidation does is it all of a sudden leaves you what is this 20 almost $18,000 to be able to spend on this card just rack it up, rack it up, you just gave yourself the ability to spend more money. That's what

tends to happen when people don't fix their behavior, we know you have behavior issues so people just like I don't know that's what scares me about it. Yeah I that's I, mm-hmm, but I will say other than the hotel I mean I'd have to go back and look I haven't

spent anything on that credit card in a very long time. Okay. I've been really trying to do better. But then I did accidentally get a Southwest credit card. Do you mean you accident? How does someone get an accident? And how do you smile out?

Is it a little joke? Does it a little like, he, I hear it? Oh, it just accidentally f*** my life. No, it's not that. I was booking a flight, and you know it pops up that thing at the bottom that says, if you get this credit card, you'll get this many dollars off. Yeah, but there's steps you have to go through. That's not an accident.

Right. So I, so I didn't. understand. I thought that amount would be subtracted right then. I didn't realize that you have to, you know, get approved and then it comes in the mail. And then I can use that card eventually to get that $200 off. That sounds really stupid. And yes. Yes, it does. So now, yes. Okay. I'm glad you realize that. Yeah. So $98 in interest accrues on this. Take 20 years to pay off doing the minimum monthly payments. Right. So my plan, Which you can tell me that it's a bad idea.

I'm happy to hear that. My plan was to pay off the card that I balanced transferred to and then balance transfer the rest of that to another 0% situation. Again, there's some mathematical things that are okay. If your behavior hasn't fixed necessarily, listen, because I know a lot of the spending's in the checking account. That's still you're spending money. That money could be going to pay off debt.

Yes. I don't think you've necessarily fixed it. I think maybe, maybe, because I don't know where you were. Maybe something got a little better, you know? Yeah. Maybe like you're choosing debit versus credit now, which you're not a credit card person. So I would do that. I would use the FIS card if I needed to use a credit card and take advantage of that.

But you haven't changed the overall spending issues. Yes. You've just moved it in a different direction. Maybe. Maybe. What's what I mean? Maybe. I have your statistics.

I know you're spending. Maybe. What is maybe? Well, What is maybe? I meant maybe. At least 30% is spent on bullshit across the board. Yeah.

Maybe. That might be true. But I will be honest that that is something I didn't realize until you gave me that pie graph right there. No. Oh, yes. That's how it happens. That means you're incorrect. That means your behavior is bad.

That's why people come on the show because you're getting, you're hearing, you're learning that you never. know that you never knew. Like, yes, I know that this is probably the first time you heard it. And that's great. That's wonderful. But you can't say that everything's going like, your behavior's fixed and all this stuff. No, I haven't. I haven't. You're right.

Okay. In that respect. Yeah. And the balance transfer. Yes. What was the fee for transferring? It was like a certain percentage, maybe like 3%. And I don't,

it was like a, 3% of 5,700 or something. So I can't remember what that was. It is better than like the 30% it's on. Yes. But either way, that only matters if you don't build your balance up again, which so many people have done on the show. Yes.

I'm trying not to do that. Okay, here's a, oh, this is a car. This one's a little hard to read. We owe six. What is the car? It's a 2019 Mitsubishi Outlander. Okay. Do you have joint custody over the kid? Yes.

Okay, so you see the kid off then? Yeah, so we have her week on, week off. So I see her all the time. Is there any additional support provided by the husband, or do you guys just split things down the middle? How's that? He doesn't pay child support. It was my understanding that because we have joint physical custody that...

Right, but is he... But is anything provided either, or you give him, he gives you, are we splitting daycare? Like, what is happening? So he pays for daycare, and he carries... her on his insurance. Other than that, we split, you know, we just pay whatever expenses there are when we each have her. So what about the like co-pays and stuff like that? So just whoever takes her to the doctor. Okay, but it's usually me. But she makes his health insurance more expensive.

Yeah, so his company pays his premium for himself. So he only pays for her. So we probably pay the same amount in health insurance each, you know, me for mine and him for her. It's not at a whole. interest rate. It's at 4.89% and the minimum of the payment is $299. If it was below 4%, I'd be like, high five. It's in that kind of gray area for car loans. It's like, yeah, we probably would want to pay it off quicker. So you owe $6,100,000, $1,000. How much do you think it's worth? So probably around there Maybe just a little Worth a little more

It's worth 7,337 So it's close So you actually have equity in the car Shocking Why? I don't know Because I'm terrible at everything else You'd think I would have messed that one up too

All right Now we have the Southwest Repar So you got This was on You said you got this on accident What are you flying to Why are you getting flights right now? We have debt to pay off.

So I'm flying to Georgia for a boy. In Texas. For a boy. Yeah. It was kind of... You mean a man? Well, yeah, man. Okay, I just wanted to be...

Boy sounds cute, but yes, man. He's in his 40s. Okay, okay, cool. So I'm assuming this is love. We're back to love. We've gotten back to love. Okay, wow. Lots of love in this conversation.

If only I can find any... Oh. Yeah, so. And he's not married. Great. Well done. Well done. Congratulations.

That was a one-time thing. I know, but congratulations to you. Thank you. It's progress. Yes. We're talking about making progress. I'm doing it. Okay.

Okay. So you're dating this dude in Georgia? Yes. Technically, yes. Is it Noah? Noah is in Georgia sometimes? Wasn't Noah? You weren't dating my producer.

I'm kidding. Am I? Well. I'm not at liberty to say. No, it's not. knowing um yeah so i that's where i'm from i'm from georgia so this is a guy that i knew before i was in texas and we kind of like really rekindled but i guess you could call it a situation ship maybe except for after like one year and five months he asked me to be his girlfriend so now i'm

his girlfriend oh so it's a relationship yes now very recent wait one year five months of that's very long distance one year five months and you wait how was it How often you visit him? Okay. So, we see each other like every four to six weeks. And we alternate. Like, I go there. He comes here.

Once a month, once every month and a half. Yeah, ish. Okay, so you fly out there once a quarter at least, at least. So four times a year. Oh, I think last time I went there, last year, I'm sorry, I went there maybe nine or ten times. Okay, that math is not mathing. Right. I'm going to let you know.

Okay, so it's like every month. but then it's also like... Yeah, every month you go. Sometimes. But then it's like, we had to go to the beach. And then we had... This beach. What is this beach?

You're obsessed with the beach? What do you mean, beach? How does beach equal you being able to stay in debt forever? You're like the opposite of Anakin. You're just obsessed with the sand. And you'll just go into all the debt for it. I'm not even a beach person. But it, you're getting a hotel for the beach even though you don't need it.

And you're... You're talking about this, but... Okay. Go on. Sorry. Go ahead. Okay. So, yeah, it's like once a month, once every two months. It's up for like, then there's a beach trip in the fall. And then there's like a Christmas trip and then the Thanksgiving trip. You know.

Is this going to go somewhere though? You guys are so far apart. So you have a kid here. Right. So it'll be this way until my kid is 18, I guess. That's the plan. She's almost five. Right. Yeah. You're not happy with that. I mean, what's the other choice?

He moves here? No, that's not a choice. Why? Well, because he's rooted. He's from Georgia. That's where he lives. You're from Georgia. He has a family.

Right. But I had a baby with someone who lives in Texas, so I don't, I'm stuck for 14 years-ish. Okay. So, yeah, the plan is to just keep doing it until it doesn't work anymore, I guess. I think that's how all relationships are. Well, I hope you guys make it, I guess. I mean, this is how expensive is this for you to fly out every month? So I would say maybe $3 to $500 each plane ticket.

But then when I'm there, I don't spend it. You have an extra $300 to $500 a month payment on a monthly basis for your relationship. And that's getting on top of whatever other minimum monthly payment. I mean, that's your double your car payment. And then you sometimes more on a monthly basis. But when I'm there, I don't spend any money. So it's just the plane. ticket and sometimes he'll pay half.

I think maybe if I asked him to he'd pay half every time but I'd feel gross. I mean whatever it's... Well that's not up to me right? Have you asked? Yeah. And I know I said situation ship which I

don't like saying that because it makes him sound bad and he's not bad. Yeah but how long are you guys actually together when you're together? Oh so I have every other Friday off so normally I go like a long weekend like Thursday night to Sunday night. all right good luck for you guys

and same for him when he comes to see me I mean the main reason I mean sure I mean a little bit of T's interesting but the main reason I'm interested in it is you're just I mean this

you just keep putting money on this card you get a little bit of interest accruing you have to do it every single month it's a very expensive for your lifestyle and you need to pay off this debt I don't I feel like you're putting what

find a boyfriend here yes you like guys from Georgia Georgia? I'll set you guys up in the financial audit post show. It's just, I don't know. Listen, I don't want to get in the way of love. It's just like, you have a kid, you have responsibilities. Like, sorry, yeah, I know you divorced them, but you guys still did the bang and you have to take care of the result of it. And it's only four or three or two, or sorry, five, you know, whatever. It's an age. And she, she? She. Okay. And you have

responsibility as the mother, just because you guys' divorce doesn't mean all of a sudden you're just free from all consequences of that relationship. And some of that involves getting your financial future secure so that you can actually have a shot of retirement without your daughter having to take care of you and put her life on hold to take care of you because you weren't responsible enough to take care of yourself. You could also pay for her college. There's a lot of different things. It's not that you have to, but you could. But you're prioritizing your, you know, having situations. and just fun.

And also, why did you guys get divorced? Going into the tea again. I just can't escape it. The kettle is hot. But I have to know now. Why did you guys get divorced? So what I will say is that it was very fast. Like we met and probably within two weeks we moved in together.

Oh. Which is, you know. It was very fast. And then he moved away for his job and so I followed him because love, right? Wow. So then, yeah, it just within a year we were engaged. and then I got pregnant. So we got married because I needed health insurance.

Oh, gosh. Okay. Yeah. We didn't get married for love. We got married for health insurance. At that time, we were already engaged. We were planning to get married. Because of the kid?

Or because you're just moving quick? Just moving quick. Yeah. So what I think is if we had dated like six months longer, we just would have broken up. But then on a certain point, it's like you're so far into it. And then you try to make it work. And how does that usually work?

Not well. Oh, interesting. Who would have thought? thought. But really everything fell apart when we had a kid because having a kid is hard. And there are things we didn't talk about because it moved really fast that maybe if we had known these things about each other, we would have just broken up. But we didn't. We got married. Well, it lasted five years somehow. Yeah, I know. Shocking. Okay. So on this card, we have $312.51. But you put flights on it constantly. You kind of pay off the flight, but then you still have

like three bucks of interest occurring. It's not an incredible amount of money. But if you're interest accruing you're losing the credit card game because you're not catching up with that with points so it's just like you know me you're f*** yourself with the 74 dollar 83 83 cent minimum payment you're not a credit card person as we already know yeah I'm not that's at a 27.24% interest right but I do get cash back yeah I know you do but you still you do have interest accruing yeah I get I don't know where the break even point is but usually with any interest at 27% your cashback's going to be like, at best, five, six percent at very best. It's like $8 every time or something.

What is? Every time I, like, purchase a flight, it's like get so many percent back. Right, you get $8 off of $500. What do we got? Cool, you're getting one and a half percent. Yeah. Thrilled. You're losing 27 percent.

So I don't give a fuck. I don't give a fuck. Chop up your cards, dude. It doesn't make sense. But then how will I get to Georgia? What do you mean? Does money not exist that's not death? Is that the dumbest thing I've ever heard in my life potentially?

Maybe. No, I have money, but it all, it goes to minimum payments and Amazon. And food, probably. So we're just going to keep building this card up and our debts up for a situation ship. No, no, not anymore. Well, what happens? Does he know that there's a risk that you meet a nice married man here? No, that's not a risk any longer.

We have a city simplicity card. 4,8-08-0. So this must be the consolidation card. Yes. I thought I was doing the right thing. It seems like it was the right thing at the time. No, mathematically it is. Again, but if we don't fix behavior, again, you're putting flights on a card that you accidentally apply it to. Like, you know, I'm getting cash flag, guys. I'm getting 1.5% cash back, even though I... Give them 27%

Cash to them. Yeah, I think they're making the difference. You know, I think, I think they're making the money off of you. I could drive, I guess. Well, I'm not saying it's even, because I mean, that's probably cost the same, if not more, depending if you're stopping,

if you're, what's Georgia? I mean, that has to be like a 12-hour drive. Yeah, ish. 12, 16, maybe. I don't know. It's not about that. It's just you're still putting that on the card. You accidentally opened a credit card.

You haven't fixed your behavior. when you did this consolidation. So you didn't make the wrong decision, just maybe not the right decision for you at this time. But maybe I should put the flights on the 0% interest credit card. Would that make more sense? I can't believe we have to add a flight budget to your budget. This is crazy.

Love. I, yes. I know. So it's what you said. How often do you fall in love with these dudes? Not very often. Okay. I mean, only two in the last two years.

That seems reasonable, right? The rebound and then now this one. Right. The rebound was not... Whatever. You did not intend for that to be a rebound, though. You guys were going to literally move in together immediately, so... Yeah.

Okay. The... Which that's a behavior that I have not repeated, right? We can agree. Okay, it's been two years. Yeah. But yes. So a year from now.

Yes. Wow, literally a year from today, the interest expires, the interest free. It's literally a year from the day. Yeah, that's pretty good, though. I can pay it off. Well, okay, let's get what the minimum payment needs to be for you to pay it off. Starting paying this month. Have you paid?

No, I don't think so. So... Normally I pay twice as much as I have to. The correct answer is you need to pay $406. I think I'd do that. Maybe. I don't know. Can you?

Yeah. Well, let's see. So income that came in, we discussed, was $3,800. How much money went out? Oh, I think I've spent less than I make. Okay, yeah, how much? Let's guess. Maybe $3,000.

Okay, $3,921. So you can make this extra multi-hundred-dollar payment. also didn't you get like an email today or something yeah so okay I was so prepared to come in here and say I've never been late on a payment which is true until today and I was driving here and I got a text that was like your Chase account needs attention and I was like oh no turns out I forgot to pay it which has never happened but it was due on 4th of July and then there was a hurricane and I just forgot. But I paid it today and I think it's fine. Yeah, it turns out instead of paying off the card you're committed to, you went and opened up a brand new Southwest card. But that was a long time

ago. It was a joke about you. $49 a minute with the payment. You pay $116, but you say you're able to pay $406? I think if I tried really hard, I could do it. But again, you spent in general with everything, across everything, $100 more than you bring in. So what are you talking about? What are you talking? about what do you possibly talk about okay it's right okay it's right because numbers math oh yeah it's a tricky little thing so what the fuck are you talking about well I can definitely spend less you get then why haven't you so a wonderful thing guess what guys I oh what's something I do wrong we already make fun of the idiot well something I do wrong what's something I do wrong I'm a tutor I think that's just natural though you're allowed yeah now I'm a tutor

I could just say, you know, I could just doot less. It doesn't matter. I don't know if that's true. I haven't tuned in any less. True. So I'll be popping those farts. Like how is this, how is that like you haven't demonstrated it all in any way whatsoever. So what kind of kind of come?

I can't just walk away and feel confident. Okay, good. We did our work saying, I'm going to spend less. You haven't put in any behavior. What makes me feel like you can do that? Well, how are you confident in that? You haven't changed your behavior in any way whatsoever. Well, I think what.

happened is that I started making more money so that I started spending more money. And sometimes I just give money to people and I can stop doing that. What do you mean? Who are you giving money to? So like when I first got divorced, I was so poor. Like I had no money and I was having to put bills on credit cards but like now I make more money I'm doing better. So then when I encounter someone that I feel like it's, you know, in that position that I was, I feel like I can be helpful. So like I'm in all Facebook groups for my town and there's this homeless guy who sits outside the Walmart and he posted in the Facebook group saying he just got a job he posted in the Facebook group yeah because he has a phone so he was like I just got a job but I need some pants how small is this town I don't know it's a

college town is pretty big okay but everyone knows the homeless guy yeah he's pretty identifiable oh sure okay it's kind of funny so anyways he was like I really need some pants to start this job if I don't have me pants. I can't start my job. And I was like, I feel like I can buy some pants, right? That's a good deed. Okay. That's nice. That's actually really nice. So I everyone's like, go to Goodwill. And he's like, I need a size 52 waist. They don't have those at Goodwill. So I said, hey, look, I'll buy you some pants. Tell me like what kind of. Yeah. So he sent me a link for some pants. I ordered them. And then he was like, well, if you're buying me pants, can you also buy I made suspenders because he can't wear a belt.

And I guess they don't make him that big. So I ordered him suspenders too. Well, then I realized he lives in the apartment complex right next to mine, which I was like, wow, that's so weird. Well, he's sleeping on someone's couch. Oh, okay. Well, so he can work to have a place to shower. Sure.

So anyways, I buy him the pants. I buy him the suspenders. He never says thank you. And I was like, that's weird, whatever, but, you know, fine. Okay. Yeah. I mean, you're not doing it for the thanks, right? You were giving.

Yeah. Yeah. Okay, so that's fine. I was my good deed. I felt good about it. So then like a week later, he's like, hey, I'm hungry. Could you give me some money? Is that how he said it?

Yeah. Hey, I'm hungry. Well, actually, he said, can I ask you a question? And I was like, oh, great. He started by asking a question. Right. Well, then I thought, oh, no, he's going to ask me out. And I was like, how do I, I mean, where's he going to take me, right?

He doesn't have a home. It was he going to take me out to eat with what? Maybe. I'm going to pay for it. Yeah. All right. He's working. He said, I'm so hungry.

I don't get paid. Can you give me some money? And so I'm like, okay. You would have done it. Let's be honest. I'm sorry. Maybe I don't know, but you're suggesting that it's a possibility. Go ahead.

So anyways, I gave him some money on cash app. I sent him like $25. Well, then that happened three more times. And I was like, look, you're making me uncomfortable. No, thank you. So, yeah, I could definitely not do that. That would save me, what, $1.70. If I didn't give money to that man.

So I ended up having to block him as a whole thing. I have an exciting channel announcement, and it's one of the most exciting things we've done so far. By popular demand, we've launched a new tier to our channel memberships. There you'll get an exclusive audit that can't be found anywhere else. It's ad-free and completely uncensored on the first Tuesday of every month. On the second and fourth Tuesday of every month, myself and members of the company will be doing exclusive member live streams

where we can hang out with you and talk about whatever you want to live. And finally, on the third Tuesday of every month, we'll be posting a new behind-the-scenes podcast called Crewcast, where we'll be discussing everything behind the scenes at Hammer Media. And of course, this new tier gets access to all the badges, emojis, and the financial audit post show. This is honestly going to be really fun and I'm super excited. And we kicked it off this week with an exclusive couples audit and an updated office tour since we've expanded so quickly. Check it out, link in the description below and in the pinned comment. I mean, you try to be nice. I mean, that's what happens when you try to be nice.

sometimes people take advantage. I mean, it's good to do good deeds without any expectation of anything. Yeah. Well, just because I feel like I was in a situation where I was so broke and now it's better. And so I know everybody's been there at some point. And I was grateful to the people who helped me. Okay. Well, yeah.

I mean, I mean, you don't have any money to give to, like to literally benefit your own life for the sake of your daughters. So I don't think we're helped. I don't think we're, you can do volunteer in school. There's a lot of things you can do if you want to give back that isn't taking money out on your wall. No, don't give me wrong. I love that idea of donating organizations or doing things that you tried to do. And sure, he may have started to take advantage of you and your, you know, your heart. But you're able to give more over the course of a longer period of time if you get out of debt.

Right. So like when I used to be rich, I used to. You used to be rich? Yes. Well, I went at the time it felt that way. Oh, okay. Well, I made, like, what I make now, but I had no kid and no bills, basically. Okay.

And it was great. Okay. Wow. Okay. I remember what I was going to say. So when I used to be rich, I would, every time I got paid, I would find a go fund me and I'd donate money to it because it made me feel good. Okay.

And so then I think maybe I've continued that and I shouldn't have. You shouldn't have. Because now I'm poor. You're poor, but, I mean. I mean, a lot of these are just choices. I'm just, let's go through it. We haven't even got your spending account yet. So on this interest-free card, you need to pay $406 a month.

Okay, sounds good. And that'll get you. That'll get you there, okay? Yeah. Oh, my, okay, student loans. $60,000? So what did you get? What's your degree in?

So I have two. Oh, good. You're a collector. So my bachelor's degree is in forestry. And my master's degree is also kind of. in forestry. It's a natural resource You work in forestry? Oh. No. Okay. I don't, I'm not using it.

What were you going to do? Well, what I really wanted to do was non-formal science education, like out of, like a park ranger kind of. That'd be cool. Yeah, that was my plan. $60,000 of death to be a park ranger? Yeah, because that's what I learned is I don't make very much money. Yeah. So when I got out of school, I got my dream job. Which was?

Like an outreach coordinator at a state forest Sure And I made 38,000 Okay But that's just that's fresh out of school starting That's okay Right But then I quit that job

To move with the guy I'm married For love What do you Oh and now you do like What was it? It was like Processing something I designed power lines

Oh you design power lines Yeah so it's kind of like Being an engineer A little bit And also like a customer Definitely helps So you get into a door whether or not it's the applicable degree or not. But then you did have work experience.

So I'm not against it by any means. You know, if you wanted to work, what kind of school did you go to? Like if you wanted to work in a, if you know a job is going to be a lower paid job, that's when if what we're trying to get for a degree leads to that lower paying job, we go about the degree in a cheaper way with community college and hopefully paying cash for that. And then once we have to go to a four-year institution, you know, just in state. Yeah. So when I first went to school, I went to school for ceramics. So forestry was the better choice, I think. Okay. Between the two. But I kind of accidentally got a master's degree and...

What the fuck you're talking about? How do you accidentally do all this? Well, I couldn't find a job. And so then I was like, I guess I'll just go to grad school. Okay, so that wasn't an accident. You just used that word like it's cute or something. Okay, I get it. So you purposely went to grad school and took out more debt? Yes, because I thought it was my only choice. Well, I'm allowed to gift text certifications to course careers to guess. I don't think you need it. You're good.

They're good resume boosters, but if you ever want it or need, you can gift it to someone if you'd like to. You know someone who needs it. Sounds good. Get your five-year-old to become an accountant to the accountant course. Hopefully she's more successful than me. You're doing okay financially. You're just being a dump and irresponsible. Yeah.

Because what? Four choices. You're going to be making $4,000 a month maybe. I mean net, 50,000 bucks a year rounded. But the student loans, I just, I pay them. Yeah, because you've brought down your payment to, like, is it income based? Yeah. I think it's $33, $0.16 a month, which means it's just accruing, it's accruing, it's a crew, it's accruing, it's accruing, it's accruing, it's accruing, it's accruing, it's accruing, it's a crewing, it's a crewing, and the safe plan, you know, that just got, didn't that just get struck down by the Supreme Court?

So, like, all this student, the thing, I'm not against joining any of these forgiveness plans or low, payment plans. But the thing is, right now in the current political climate, like any kind of student loan type thing, it seems to just be getting struck down. So it's so risky because what you're allowing this to do is these are close to 7% interest rates, which is terrible. You're just allowing this to accrue because you're paying no money towards it. Then any kind of hope for forgiveness, it just seems to be going further and further out the door, no matter the plan you're on almost other than the, if you work in a nonprofit or the government. Well, I might be wrong, but my plan all along was that I thought if you paid them on time for 25 years that they

forgive the balance. That was my plan. That's what I've been doing so far. Because the thing is like I have good credit. So like it doesn't really matter that I have student loans. They don't affect me. Right. They don't they haven't prevented me from doing anything. Well they definitely add the amount of debt you have. They can add to your debt to income ratio. Right. But somehow I have a good credit. What's your credit? Well yeah, you're a credit card person's dream. Dude, you're opening cards. You have a high balance. So I think your utilization is technically kind of low because one of your cards has a massive limit. But you're just...

So I've just been ignoring them. Your student loans? But do you have a better? Why are the rates so high? I don't know. Okay, so something weird happened. So I got all of those. Most of them, I think, were from my undergrad, right?

It was like 18. And then it was like every semester I would just get more. Private school? I went to private school briefly, yeah. And then I went, well, you'll be very upset to know this, but in the state of Georgia at that time, if you had good grades in high school, you got four years of tuition for free.

So I lived off of those. I didn't pay for school with them. Oh, are you fucking. But I also worked. So, like, I don't know how else I could have done it. But how were you living, though? Like, dude, in college, I lived on the cheap my first couple years.

I lived in this, my second year, I lived with my friends, one of whom actually runs the business, helps me run the business here now, but we're in these, it was four of us in these two micro closets, and we all were just stacked two each in these closets. The kitchen was a sink and nothing else.

We just lived cheap, cheap, cheap, cheap, and we got everything off-branded, borderline expired food. not saying live life in a dangerous way, but it took you $60,000 to live. No college expenses just to live for four years. I don't think so. You could have lived a lot cheaper than that. That's dumb. It was more than four years.

It took me a long time to finish school. How many years? Maybe eight. What the fuck are you? What are you doing? You did six credits a semester? Well, it's like, no, no, no. I was full time the whole time, but I had to change my major.

And nothing transferred? And my fourth year. Yeah, but that doesn't make any sense. in your fourth year, but it should have been like two more years, right? Because Jen adds is two years. So it should have been two years of dedicated stuff for, what, did you change it again after the six year? Then I went to grad school.

So total eight years. Yeah, so from 2008 to 2016, I was in college full time. But what happened was... Gosh, your life is full of just bad choices. Yeah. But so all the apartments I lived in, most I ever paid for rent was maybe $400, which is not very much.

Well, when you stretch it across eight years, I mean, it's like, okay, I can kind of see it. But you said you were also working during it. So it's like... Yeah, but just a little bit. Yeah, obviously, clearly not enough. Clearly not as much as you could have. But, right. But I had a lot of fun. Like, I traveled and, yeah, I was really into backpacking which is an expensive hobby. So I just spent a lot of money. But I didn't understand really what I was doing. But no, what really went. wrong was in grad school. 20,000 of those loans are just for grad school. And I was a TA, so my tuition

was paid for. You're killing me. That's insanity. The 60,000, what? Something went wrong. So I was under 26 or whatever. I don't, however old do you have to be to like be under your parents. So I needed my dad's information to fill out my FAFSA. Whatever. And I went to do it. I went to do it. it for grad school, right? Because I had been doing it all along. You have to renew it every time. And he was like, oh, I haven't filed my taxes in two years. So I couldn't do it.

So it's like two weeks before school is starting. I need all this money to pay, right? So I took out like a weird loan. And then I used the student loans to pay that off. Oh my fucking. You kidding me? So you took out like a private student loan? It was like a Discover loan.

I mean, this was a long time. It was like $7,000, but I paid it off. Here's an example because I want you to be able to retire. I know. I want you to be able to take care of your kid instead of doing just weird things. I'd say you opened, I like to buy the S&P 500. So we're just doing that example. It's not an invested advice.

Let's say you opened a Moomoo app, you know, through my links in the description. You got the S&P 500. Like I do like constantly. I'm just like, you obsessing buying it. That's $60,000 you borrowed. let's do 10% because that's its average return. By the time, you're 59 and a half, it would be worth $800,000.

Oh, wow. When instead you're just sitting here and allow the interest to accrue on their end, meaning they're making a giant return off of you, 7%. But I just thought it would just go away. What do you mean? What do you mean? What do you mean?

They told me after 25 years. Oh, I see what you're saying. Sure, sure, but guess what? Yeah, I see what you're saying. So that was my plan. Okay, well, I didn't know you meant about the plan that you signed up for. I see what you're saying. But guess what, dude?

The different plans and all these different things, they're just constantly changing. That's the only thing I feel. I am not against someone with low income, being in a low income program that gets forgiven after a while. But things like the save plan that just got struck down by the Supreme Court. The overall student loan forgiveness got struck down by the Supreme Court. The Supreme Court is a 5-3 conservative majority, and they are not in favor of a lot of the student loan programs that get kind of forgiveness. So the Department of Education, you know, they put out these new programs, which they are able to at least put out. But the Supreme Court's like, we're not doing that.

I'm just nervous of how influx this is. And let's say you're going for, you know, it could be forgiven in like a decade, just for an example. Okay. You know, next presidency could be Trump. In his Department of Education, you know, was DeVos last time. She may, what if she came back this time and she was just. It's just like, I don't like any student loan forgiveness. Everyone needs to pay the 10-year thing, and that's the only version that we offer,

because they can put those directive forward. You know, whether or not the Supreme Court allows that, you know, there's a lot of different things. The thing is, it's just so up. It's just always in a flow dependent on who's the administration at the time and what the Supreme Court makeup is. The student loan thing, they've just, it's been such a roller coaster just within a couple of years. And you're just betting so much on that. I hope that works for you. I do.

And I'm not necessarily even against that. But you're betting a big bet on that because you're losing 7% because you're just not putting any money towards the $33 a month is nothing. But then what's the other choice? You pay it? I mean, but that's more than I make in a year. Buddy, my first real job when, now granted your student loans were about $15,000 more than mine. But my first adult job out of college was $32,000 a year. I could make commission on top of that and I ended up doing very well.

But until I did very well, so it's that $32,000 a year. I didn't apply for any program. I was just paying my minimum payment, which was $500. You'd probably be closer to like $600, $650. Buddy, you're flying $500 a month. For love. For love. You can pay, this is a responsibility you have.

You're making that choice. You're making that choice. You could pay it if you wanted to. But I don't want to. There it is. There it is. It's just you're an irresponsible 34-year-old child. You're for,

That's what it does. Congratulations. You're 14. Good job. I'm proud of you. What a mom. You're just not acting like an adult there. That is true.

And that's really irritating. Because, I mean, that was it. That's it. That was it. You admitted it. You finally admitted it after this entire conversation. You have admitted it. You just don't want to.

It is you acting like a child and being immature. And that is all I need to know because that is you. That is how you're living this whole thing. And I'm not surprised throughout the different stories and all these different things. that is how you're doing it. Using student loans to pay for everything that's not even paying for school. Taking out that extra loan, using student loans to pay it off. You know, the whole thing that we're not going to go over all that again.

And then just accidentally opening a car, accidentally going to grad school, all this stuff. You just don't care. You're just going through life so immature with a lack of care. But there is, you know, let's just say you don't care and that is fine. So you're just whatever. You're deciding that your life is just whatever happens, happens. but you do have a four, soon to be five-year-old, and they did not have a choice to come into this world, and you have a responsibility to give them the best life possible, but you are choosing your chaos,

your immaturity, your fun, your just whatever you want to do is more important over them, over their life, over the life that you can give them. And that is honestly sad in my opinion, and that's why I, that's why, you know, that when I just said, what a mother, you know, that was too far. That was too far? I'm sorry. That was just an instant anger reaction. But that's what I'm feeling based on what you're saying and what you've said throughout this. Because you're putting your immaturity over giving them the life they could have. And that is legitimately upsetting to me.

And that should be upsetting to you. Yes. But when I said I don't want to, I was specifically talking about the student loan. Yes, I get it. That's one thing. Why do you think you are entitled to I don't want to? What the fuck? kind of logic is that? There's a lot of things I don't want to do. Congratulations.

It's not always my choice. You signed up for shit. And I'm not saying I'm against forgiveness either, but just the I don't want to. That's just being an entitled little brat. That's what everyone else. Bank of America. $4,000, $1,500 of it is in savings. Well, I should tell you that today.

Huh? I got a text on the way here that said, your balance has fallen below $100. Oh my. What are we doing? But I give paid on Friday, so it'll be fine. Living paycheck to paycheck. It'll go up to like $1,000. $6,000 a year.

Paycheck for paycheck. And I'm working from home now, so I'm not eating out as much. I'm doing better. What's better? Well, so before I was going into the office. When did you start working from home? Let's do that in June. So I was hybrid.

Okay. Okay. All right. Well, this. Not all. Middle of June. So my office flooded, so I have to work from home. And so I'm not going out to eat every day. So you're going back to the office once it's unflutted.

So I was hybrid always, but I like to work in office because it's more fun. Never heard anyone say that. Well, there's like people there to hang out with. You're an extrovert. I'm the personality higher. The personality hire. Yeah, it's like, that's why they keep me around. comic relief.

Right? Okay. But yeah, so I'm working from home, so I only go, I don't go into the office because there's not an office anymore at flooded, but I go to meetings and stuff, two days a week now. And so sometimes I eat out those two days, but as opposed to five. You know what we do here for fun at this office? Why we encourage everyone to come here?

Sandwich. Apparently we gamble. Gamble. We actually haven't done that yet, but we're going to do it in the post show. You mean, and Noah, we're going to gamble. I don't know what it means, but that's what I was told. Like a slot machine? I actually have absolutely no idea what's happening, but we will find out that we're going to gamble.

I'm very much. And then, honestly, since usually the post shows more the T zone, I have a million more questions to ask about your situations and weirdness. But I'm saving that for that because I try to save the finances for this, even though it's not always possible. And I'm sure he has questions too, because he knows more things than me because he does all the interviews and stuff like that. So, you know, I'm just exploring. We know each other very well. Okay. I don't like this floor that we're going on that we're building.

I mean, we could know each other better. You know you have a boyfriend. Yeah. But I'm just saying, like, we're friendly. I'm in a professional way. Okay. Oh, this episode. Okay.

Raub Bakery. Oh, that's gymnastics. Fleet for my kid. Fleet, feet. Oh, you got running shoes. Yeah, I started exercising. Okay. For mental health reasons, right?

So I'm doing that couch to 5K thing. I'm learning how to run. Oh, I've heard about that. So I had to get new shoes because my shins were hurting. But I feel like 150. Okay, well, TPO-Oki, we don't need that shit. Okay, calm down. Amazon, raising canes.

Going inside, getting some bullshit from Target probably. Amazon, unleash your imagination. It was a kid's event. It was a run. It's a 5K that benefits my kids' school. $25 for that. Jimmy John's going in the store, getting some bullshit fresh donuts. Bahama bucks.

That's snow cones. Going into Walmart getting some bullshund. No, no shit. I, well, okay. I'm sorry. I am on edge. Going in the store getting some bullshit. Jimmy Johns.

Manly Manco Manly gift website For your man? No, it's a long story. It's a good story? Maybe. I heard somebody's feelings

And so then I thought the right thing to do would be to order them some flowers made out of beef jerky for a man. But then... Now that's American. Yes. That's...

But then I canceled it. So you'll see it goes back. Oh, okay. How'd you heard his feelings? It's difficult to explain. Try. So I took a screenshot of something he said to me and sent it to somebody else. Oh, why would you do that?

And then they called him and were like, this girl. Why would you do that? You're the problem with, you know, communication is a private, dude. Yeah. Well, unless, what did he say? What did he say? Um, I can't talk about it. Did he try to get with you? Yes.

Okay. Yeah. And he made me uncomfortable. I think that's okay to share. Okay. Never mind. I thought it was like, look at this loser. No, it made me uncomfortable.

And I was like, this guy is crazy. And then the person I sent that to you called him and was like, this girl said you're crazy. And then I thought really bad. I mean, you guys are fittles schools, apparently. That was very mean girl of me. Yes, it was. Yes. I thought it was going to be more like, you send it to the, like, just whatever.

It doesn't matter. Insomnia cookies, McDonald's parking garage. The cookies are for my boyfriend. Oh, congratulations. Okay, I don't need an explanation for everything. This is just bullshit spending that you're doing. state parks New Yorks and

Mod Pizza and Cafe Arby's parking garage going inside getting some bullshit You're affirmed What are we affirming? There's more debt. What are we affirming? You're making it seem worse than it is.

What do you mean? Okay, they affirm I bought something for my kid And but it was zero. That doesn't matter. Just Everything's for someone else. That's great.

You're still spending it. And it is stuff. You're not paying off your debt. You have so much debt that is this accumulating and gaining interest. You're spending $100 more than you make on a monthly basis. Your account is less than $100 today and you're relying on your next paycheck. I don't care if the cookies are for the guy. I don't care if the firm is for the kid.

I want you to be able to spoil people. You have less than $100. I hope no payment fucking hits. It'll bounce. Well, I just, but I transfer money from my... Cool. So what did you get from a firm? So it's called a Yodo.

It's like a thing that reads to my kid. Because we have an iPad, but I'm trying to, I don't want her to be an iPad kid. So I'm trying to move away from the iPad. So this is just audio. And it's supposed to be teaching her to read. Okay. But she hates it. Oh, great.

So. Because it's not an iPad. Yeah. But I was trying to do better. But it was 0%. So we decided to do better. We got Texas Burger, Jimmy Jones. Tex-Mex.

Children's Museum I hop Going inside getting some bullshit To eat these donuts Marble and Slab Jimmy Johns Going inside getting some bullshit TikTok shop

Oh you fucking Waterburger Spotify Listen to ads You're getting out of dad It's okay I won't kill you Chick-fil A Waterburger

Chick-fil-A HBO max The HBO I can cancel I don't need it Oh you can cancel everything else No no Spotify I need No you can have it Just listen to ads

No So you're not willing to make any Because it's not just that It's not just ads No Spotify is the one non-negotiable And the boyfriend Okay Okay

I'm not saying dump them But I think the way you guys are going on About it right now Like maybe it's like a communication thing Do you want to talk to him? Yes Sure Oh

Yeah Come up He's at work Call him He works for the government He can't His phone He can't bring us

Why would you dangle that in front of me No no I meant like separately. Maybe. I don't know. I mean, I think you guys should have the conversation. What I was going to say is that, yo, she can't afford it anymore.

Do you think instead of... Because he doesn't know. Okay. Again, conversation. You guys are dating for a year and a half. I think instead of it being every other, maybe he comes for two, you go one. So if he can afford it and you're trying to get out of debt and he cares about you, I think it's okay that for every two he goes here, you go one there.

Just to help a little, make it more. you're going every two months instead of every month because we can't have a $500 payment every month right now with you. Chick-fil-A water burger. And it also shows how committed he really is to you if he really understands and cares about

you and not just being around you but actually cares. But then what if he says no? Then you've learned. $400 in that savings. I thought it was more. So it is more now. Every paycheck, $200 goes to my savings.

Since when it was. $400. It's two times. Okay, $13,000 infidelity. I'd be happy if you're a decade younger for that. But I don't really, I think I'm doing it wrong. What do you mean? Well, like I put the money in there and then I don't think it's ever, I didn't know

how to make it make more money. I think I was supposed to do something. It is getting an interest. But I don't know what it's in. I don't, this is the only page I have here. So I don't see what it's invested in. It was a 401K from. No, that's great, but I don't see what it's invested.

I don't think it's... I don't think... No, it's gaining interest, so it's in something. Like, even it's just like... You know, treasuries or something. I don't know. Bonds. Or just some high-yield cash, whatever.

We are basically halfway through the year, and I need to make sure you guys are saving your money in the right place. In my resources section in the description below, you can sign up for one of the best high-yield savings accounts there are, but you can also get $300 for free with qualifying deposits. You can also get FDIC insurance up to $2 million on your money and get 4.6% on the money that's just sitting there.

It's exactly where I put my money. Why let your money lose money when it could be making money? It's the biggest no-brainer in the world. Open up a SOFI high-yield savings account now and get that $300 for free. $6,500 in the current retirement plan. Yes. Okay, this one's actually invested in something for sure, because, it has returned 15.63%.

I think that's like the S&P 500. I've only been doing it for a year or two, so I think that's good. See? We're at $20,000. I'd be happy with $20,000 if you're more like 28. Well, but we have another thing here. You're in the military?

No, I worked for a city and said that they used the teacher retirement system. It's the same thing. Okay. I tried to take that money out. Okay, so 23,000 out. Nope. Rounded out of $21,000.

Wait, I have an idea. What if I take that money out of the fidelity? What if I use that? Can I just pay everything off? Okay. It's kind of like a consolidation the way you'd go about this. Great.

Why don't you actually let me finish my statement? Okay, sorry. Okay. Because you're going to have to pay the capital gains, taxes, on a lot of that. If you were taking out of your 401k at your current work, you'd probably pay some short-term capital games as well,

because that's where the real gains were. You'd also have a 10% penalty on those. So you lose an instant 10% because you're pulling it out before 59.5 and these are tax-advanted retirement accounts. Really, in general, for your debt consolidation that you already did on the interest-free card, that's at 0%, your car's at 4%.

Your student loans are at 7%. So any of those, all of a sudden, you know, 10% isn't competing. Let's say there's no capital gain. So that just makes no sense. There is that Bank of America card where there's like, you know, mathematically, you know, maybe. But I don't think that's really what you need to do, though. Because, again, this is where it kind of comes on to the consolidation thing.

Really, if we change your behavior, get you on a budget, I should do the budget. Go through our budgeting class. Go through our investing class. Go through all that. You'll learn about the investing. Learn on a budget. Go through all that. It's bundled now at a discount, by the way.

if we actually get you on a budget and we get your discipline under control, you can pay off this 5,544 while you allow your retirement to continue to compound. Okay. I don't think that's what you need to do. The Bank of America one would be the only one where it makes sense, but I don't think you need to do it. Might make sense. Might is the hard word.

Okay, so on your retirement, behind where I'd want you, not dramatically. I don't know if you answered your quiz online correctly because based on what you hear add here if you were to input things correctly I don't think because even with having a few hundred dollars in your savings I think you would at least gotten a one

in your emergency fund like you would have so that doesn't make any sense so we'll make a budget but again that's only dependent if you're actually ready to change are you ready to cut spending are you done with spending are we able to put that in the past and move forward yes because then you know

I was like in my milf era and now I'm over it. I'm doing better. Okay. Someday I'll enter my dillph area. There, aero, if you're lucky. What? All right. Your budget.

$4,000 is going to be coming in. Raise. Hopefully. Oh, you don't know? I thought she said you got the raise. Well, like I should have already gotten it. Okay, so at my job's... $3,800.

If you get it, that's awesome. Put it in your budget. 3,800. What is your rent? It just went up to $875. Oh, that's not bad. That's your moving up. Okay.

Yeah. Gosh, I thought I was going to freak out. Utilities, water, gas, electric, all that. What is it? All together. Water, gas, probably $200? Internet. It's 58.

Renters insurance? I think it's 13. Gas, room, room, drive drive skirt skirt um maybe like $50 every two weeks okay oh sorry a month yeah $50 a month 100 dollars a month yeah sure okay outlander isn't that an SUV yeah but I don't drive I mean I don't have me friends so I don't go anywhere I work from home okay join some clubs and stuff like that yeah have fun I can't afford that Oh, like it's like a jockeing club.

Aren't you getting into running? Yeah, I could do that. Car insurance? My ex-husband pays it. Okay, so he pays for child care. He pays for the health insurance and he pays for your car insurance. Yeah, because we were on it together, right? And then it never, it made more sense to just stay on it.

And I keep saying like, oh, tell me how much it is and I'll give you the money and he never tells me. How far away you're from Austin? Two and a half hours. Ah, no one said you could go to the running club he's in. Oh. We can go together. Yeah, but two and a half hours. I'm so slow.

Buddy, I couldn't even run across the room. I think you'll be okay. I'm not doing a race. Me either. Okay, so your ex-in-husband, $100 for the TP fund. $150,000. Let's include the kid in that. Necessary food, let's do $450 for you and the kid.

That's groceries, health insurance. Do you have any co-pays or anything you have to take care of? Not regularly. Just if we get sick. Yeah. Okay. Subscriptions. I'll give you

Spotify is $11. I'll put it in and see what happens. Do you have any pets? Yes. I just got a cat. You have pet insurance? No. How much to the cat food?

Not very much. I would say less than $50 a month. Okay, $50 a month for the cat. Phone bill? Okay, so it's $167. But my mom and my dad are both on it and they both pay me $50 each. So I pay $67.

You can still do. Well, are you paying for your phone still, or is it just a service? I'm paying for my phone still. But it's like the worst one. Yeah, but when you're, worst one. It's like an iPhone, S.E. It's like, you know, one of those. When you're done, too, it's 20 bucks, helium.

20 bucks for helium, T-Mobile Towers. But what about my parents? Yeah, they're your parents. Maybe they can take care of themselves. Or do you want your kid to be co-dependent with you your whole life? No. Okay. You know, same thing.

So you have to pay 60 right now. Switch when you can. Honestly, just save your money, dude. There's no reason not to. Oh, wait, but I do get a stipend for my work for my phone. Oh. Oh, how much? But that's included in my paycheck.

Oh, then never mind. It's $60. Okay. Debt minimum monthly payments, $9.69. It's what happens when you don't care. Anything else I need to put in your budget? I don't know well wait flights

let's see where we're at before the boyfriend put that in my budget love love you aren't just making no a giggle let me tell you he just he just shut the door so he could giggle 2,931 99 cents

that's pretty good uh yeah I mean, you have an extra $900, but... Where does it go? Are you fucking me? No, like, where have I been doing with it? Are you fucking kidding me? We went over it already at the beginning.

Like, you spend 30% of bullshit. I don't think so. We went over your spend... We went over your spending account. I don't know what to... What are you talking about? What are you talking about? What are you...

What a... Dude. Are you kidding me? I am not going through that spending account again. No, no, you don't. Don't. So what do you mean? I'm just surprised.

That's all. So I have to put, will you talk to him and have him do two flights for every one flight you do? Will you explain your situation? Yes. Okay, so I can budget $250 a month for flights done for you? Because you'll be doing one every two months? Yeah, yes. That sounds reasonable.

He likes me a little bit. Okay, cool. Okay. $900 minus $250. Okay, you have an extra $650 a month. Wait, no, this does include that the minimum fee payments I put in there. Thank goodness. Oh, this just scared me.

That does include you paying off your city card. So we can actually cross it off because that includes you paying off your city card before interest starts accruing. So congratulations, it's good. So that means this $650 a month is going to start going to the bank of a month. America card. Actually, we're going to set it aside for two, three. Okay, three months we're going to set it aside so we can have $2,000 close. It's not a full one-month emergency phone, but it'll help you at $2,000.

Okay, so month number four, just finish the Southwest card. Okay, and then throw everything else to the Bank of America card. Okay, now where are we? Month number five. You have $650 left on a monthly basis. You're going to have $5,000 in the Bank of America. card by then. Pay off the Pink America card will round up to eight months. So 13 months a year and one month. Bank of America is gone. At that point, the Outlander, we're probably also going to pay

off in another eight months. So a year and nine months in. Well, actually probably, probably like six months for that, really, with the rolling we get to do of the city card being gone, probably, it could probably honestly even be like five months. But we'll call it a year and a half. We'll call it a year and a half you'll be out of bad debt except for your student loans which are bad debt because they are 7% what i would do for that just for risk simplicity first of all i mean you're going to have to file taxes again your income is going to go up you know the your income based repayment was probably at a lower income no i just redid it and they just redid it and they gave you it is a little while that it's 33 dollars very generous and that's the most i've ever paid one time it was like 11

listen you're able to risk assesses that situation i just get a little nervous based on everything i talked about earlier i would get on the traditional repayment plan you don't have to it's up to you i'd want to pay it off but at that point definitely get a fully funded emergency funds called another other six months so two years a year out of bad debt except for the student loans and you have a fully funded emergency fund i'd start contributing 25% to retirement every month every month i don't know no offense i really don't really have hope in this just based on a lot of your lack of care your lack of want is this this is whatever um you've made really interesting choices and uh i don't want to be rude but that is my honest feelings and i always give my honest feelings don't really hold back on that as everyone knows so i mean

that's where i stand but that is what i would do and i would throw the student loans in there i'd start grinding at that maybe you know we get the fully funded emergency fund pay off all the bad it except for the student loans in two years then we just start doing double the traditional payment on student loans, you know, and then we include that 20% away for retirement at that. Then once the student loans are gone, bump that up to 25. So let's get you real. Spending in a budget is zero out of ten, you spend $100 more than you make. Debt.

You're right, it wasn't the worst debt, but it's pretty much as bad as they can get with those high interest student loans and then Bank of America card without going into collections or anything. It's going to be a one out of ten. I'll be a generous and give it a two out of ten. Emergency fund, one out of ten, because at least you see. started wait yeah and you said it got a little higher good that lowers the first couple months of needing to get to the one month so that's actually good maybe that only takes two months so retirement

i'm going to give it a five out of ten for your age real estate zero out of ten that's going to be a one and a half out of ten not a four not a zero make sure to check out every link in the description below as they are the resources i use or would use in specific situations including the best budgeting and investing programs, which are now bundled at a lower price, and you've got $100 thanks to Moomoo and cash rewards that we get to give you if you sign up as well. So it's almost free, which is really cool. Make sure to check the link below and stick around.

Come join us for the post show. It's going to get weird with some tea and gambling. Today on the Financial Audit Post Show. Let's hear this. You dated as roommate back in the day. Have you known someone that you haven't dated? I'll have to think about it. Have you gone on a date with anyone else while you've been with him?

This is Paywald. He probably won't see this unless he pays $5 to watch this interview. I doubt he'll pay the $5. This is one of the most ridiculous episodes ever. To watch the financial audit post show, click the join button below.