Financial Audit - I Give Up

Episode Date: April 26, 2024

Sign up and get 30 days of FREE trial when using promo code CALEB at https://hellohelium.com/caleb – Fill out this form: https://forms.gle/NxPXzYCgoqPVnsUD9 for a chance to be selected in getting the remaining balance of your phone plan paid PLUS 6 months of Helium Mobile’s unlimited plan. Disclaimer: Paid advertisement. Data is unlimited but speeds may be slowed after 30GB usage per billing cycle. Additional taxes and fees apply. See terms and conditions. https://hellohelium.com/plan-terms-and-conditions ▶The best budgeting program online, at the most affordable price: https://go.calebhammer.com any questions? Email [e-mail] ▶1-on-1 personal financial help with our licensed/certified coach: https://calebhammer.com/coaching ▶Watch the Financial Audit Post Show: https://www.youtube.com/channel/UCLe_q9axMaeTbjN0hy1Z9xA/join _______________________ ▶Resources I use/would use (with discounts/sign-up bonuses): 1) Checking & Savings: Get up to 4.60% APY, pay no account fees, and earn up to $250 when you sign up and set up direct deposits. Terms apply: https://sofi.com/hammer *affiliate link 2) Get $20 from Acorns for free: sign up to get your bonus https://acorns.com/caleb 3) Click this link https://j.moomoo.com/00Bn5Z to get a "Mag 7" fractional share bundle for deposits or 1.5% Cash Reward match ($300 max) on transfers. 5) Coursecareers: Get qualified for a better job and increase your income: https://coursecareers.com/a/calebhammer 6) The credit building debit card: First 100,000 people to sign up for Fizz with code: HAMMER10 get $10: https://www.joinfizz.com/caleb 7) Helium Mobile: save a ton on your phone bill, sign up and get 30 days of FREE trial when using promo code CALEB https://hellohelium.com/ 8) Online security: Protect your online privacy and security NOW and for free by following my link Aura: https://aura.com/hammer Learn more about your ad choices. Visit megaphone.fm/adchoices

Trying to be a bit more mindful of things you buy for you and your family? Well, when it comes to laundry, choose All Free Clear. 100% free from dyes and perfumes. All Free Clear uses only essential ingredients that tackle tough stains and odors. And it's gentle on the skin. It's a powerful clean you can feel good about. So go on. Pick up a bottle of All Free Clear for your next Laundry Day.

To watch episodes of Financial Audit a week earlier, check us out on YouTube. just hear what I said. Because I'm paying it off, though. So, like, I don't understand why it's... I heard you say that. I know you are paying that off. Yes. You have much worse debt.

And this does not need to be paid. Oh! Hi, my name is Avery. I'm 26 years old. I'm based in Austin, Texas, and this is financial audit. Avery, Avery, Avery, is your last name overdraft by chance? No. But it makes sense if it would be.

It would make sense if it would be because that is, that is going to be a big point. part of this. So 26 years old, what do we do here in Austin? I work at a car company. What do you do there? I build cars. That's it pretty much it. How much do you make for building cars? 44K,000, I think. I believe so. Okay. How do you feel? Now, 44, you know, single income. In general, you could do okay in a lot of places in the United States. Austin's one of the more expensive cities. That's certainly going to be a harder income to live off of. How are you doing? I'm doing Maso Menos, like, it's okay, but I know I could be doing better.

Also, the fact that, like, it wasn't my first choice to move down here. So there's not. Where'd you want to go? Not here. Why'd you come here? Because my friend, she works at the car company, and she's like, hey, for shing girls, just, you know, apply. So I did. And the person I was dating at the time, they applied too. And so that's how we got over here in the first place.

Yeah, but you could have gotten a job somewhere else. I could have. Just because you got accepted at one place. I know, but I have debt. So I have to get out of debt first before I can do that. Okay. So in general, your financial picture, I'd love to know where you assess yourself. Give us a score 0 to 10, 0 being the worst, 10 being the best of your finances.

It would be a 0.5 because I did the financial hammer thing before coming over here. Oh, you did it. You can do for free in the description below. Okay. So, 0.5. Let's see how accurate that is and usually it is pretty accurate by the end. But again, we will go into the overdrafts. You went hard on that.

And what was disappointing is in your checking account was a lot of bullshit. But we're overstrafting. Yeah. She's giggling because she's on camera. I promise. Doesn't mean she's like the Lulu or whatever everyone's saying. I hope. Please tell me.

How many hours? So is that hourly or is that salary? It's biweekly. No. Or do you... I'm sorry. It's okay. Do you work a salary position?

No. You work out of it. What's your hourly? wage? 2350. How stable is that? It's decent. It's a recent race compared to the 22 that I was making prior to that.

Well, how stable are your hours? I would say not a monthly basis, but like every other, like, every three or four months, because they change it. Like, because I mean like I live above my means with that. I mean, like, yeah. But, yeah, but I mean like. How stable are your hours? Like it guaranteed 40 or like what is it?

Yeah, no, definitely guaranteed 40. It's just like the hours would be sometimes it would be 12 hours and then sometimes it would be 10 hours. So that's what I mean. It's like that two hour difference like makes a lot on a paycheck. It's a huge difference from when you make, what you make just doing 10 hours versus what you make making 12 hours. And the way I'm doing my expenses. Okay. The way I'm doing my expenses right now, it's like I'm still living off that 12 hour like minimum compared to what I'm actually doing with just 10 hours.

Okay. So you landed yourself in a lot of debt. Yes. But you're also not doing yourself any favors on this first card alone. It's accruing interest, my dude. And this is something that kills me every time I see it. It like illiterate. Don't apologize to me.

This isn't me. I might have a little stress moment right now, but this is your life that you're impacting. One of the things that pisses me off the most, it's because it's straight up actions. It's straight up actions compared to a lot of other things. that can be in finances. Straight up actions. You started with $369 on a credit card balance, which is an amount that's like tackleable.

We could get that. We paid them in a monthly payment. What did we do after that? We purchased $116 even though it's accruing interest on a monthly basis. See, the thing is like I can pay it off with like one paycheck, right? So we should probably pay it on. Yeah, but then that's the method of the way I'm paying things out. What?

So like. Okay, what's your method? This is your second time mentioning this method. What is your method? Okay, so like I get to paychecks per month, right? Yeah, like most people. Like normal society, whatever. But point being is, it's the fact that like for my first paycheck, I pay, I think, Capital One Hot Topic and Walmart credit cards.

Like the monthly basis on that. And then I have my electric bill and like other expenses that I pay because I'm pretty forgetting the moment. But and then my second credit card, I mean, the second words, the second, the second, payment that I do or the second time I get my paycheck, yes. I what's called, I pay rent my car and I pay what's called the other

remaining credit cards that I have. Your car's insane. And also the auto insurance. Yeah. You're living above your means, dude. I'm sorry. Don't apologize to me. Apologize yourself. Okay, so

Disney Reward. rewards it's a Disney rewards card who the fuck has a I haven't been to Disney like in a hot minute so you can't guilt me on that no but why does anyone have a Disney reward because I just I just said I haven't been to Disney in a hot minute I used to go when I was a kid like a time so you got a Disney rewards card for yeah that one was recently too balance four thousand thousand dollars and 44 cents with a minimum monthly payment of $40 these are going to start stacking up and they are very bad when it comes to a $44,000 are you how many hours is again do you work on average.

Oh, no, 40. A week, okay. Sorry. So 10 hours a day? So you work four days? Why the f*** you're not working more then? Why do you not have a second job? Because.

Well, if you can't afford to live, though. I can. What do you mean? I guess I can afford to live. I mean, not the way I want to. You just described how you survive? Yes. It's like the minimum monthly payments are being made this paycheck for half our accounts

and this paycheck for the second accounts. And fun fact, we overdraft. Can we afford to. afford to survive if we are borrowing money from the bank. We can't afford to survive if we don't let other people borrow money from us. What? My mom borrows money sometimes. So that's why like the Well, you can't afford to lend any money. What do you mean? Borrow's money for you. Yeah, she does. What is she borrowing? Money. Like, I think Muslimano's like a hundred bucks. Like, yeah, like. $100 isn't going to make a break your entire life. Yeah. So that doesn't make

sense. That is not a weak to survive. Okay. If $100 make or breaks your life, also known as $1,200 a year, then yes. You're not surviving. It's not every month, though. It's like scattered. It's not like every like... So it's even less then. Yeah, but even with that... Then absolutely

you can't survive. So I'm not going to take that that's an excuse. It's not an excuse. You just said, you just... No, because... How is it an excuse? How is it an excuse? I'll tell you. You want to replay the clip? Brandon, replay the clip. Can we afford to survive a if we are borrowing money to survive if we don't let other people borrow money from us. What?

My mom brought money for me sometimes. He just replayed the clip and you just said you'd be able to survive if you weren't lending money to other people. You're overdrafting, dude. That's only once. Like that's only like that month. No. No. No.

No. No. No. Legitimately no. I have the fucking receipts. How can you possibly say that? You're going to piss me off. Forgive me.

Come on. You're so jovial. Don't make me dislike you. There's no reason to. Oh, what are we doing? What's important to survive when we can't pay our bills and roll over-draft? And what is it? Sally Beauty so that we can do black lipstick.

That's great. And then we go inside of a gas station and purchase $20. $0.89. That was on a whim, though. The Sally Beauty was on a whim. Yeah, no. On what? On a whim?

Like, it was just because I wanted to. Yes. No. How does that justify it? That's not what I'm saying? Like, it's not a date. It's not a daily occurrence. It doesn't, it's a one-time purchase.

Of course it's not a daily occurrence. Well, yeah, that's what I'm saying. You're making it sound like it's like every fucking month. You're making it sound like it's every fucking month when it's not. How do I know? I have one month. Well, that's what I'm saying, because you only ask for one. Dude, buddy, you're accruing interest on this car that you're not paying off.

And you go to Sally Beauty for $52.85 cents and then go and get some snacks and for $20.89? We just can't afford. It's as simple as that. So I don't give a shes if it's a splurge. No, shes the splurge right into your grave. Also, you're wrong because I do pay my car payments on time. That's another reason why I'm overdrafting.

Buddy, what the f***? What am I wrong about? I pay them on time. Like, I still make the payments. I just, oh, I overchew. With money you don't have because you're overdrawn on your checking account. I'm going to die. What are you seemed like the nicest person.

As the Krispy Chicken Sandwich from 711, people always call me loud. And I'm like, yeah, I know. I'm crispy. Did you expect me to whisper? If you want quiet, go eat some soup and reflect. Like, I know I'm a handful. I'm bold, I'm juicy.

Throw some pickles and barbecue sauce on me, and baby, I'm a whole meal. And with seven rewards, I'm just $4. Quiet. No. Krispy, saucy, and $4? Very. Only at 711.

Valley through 62326, participating stores only while supplies lastly out for full terms. And it's okay to be nice. But please, please, please, please, please, please, please, please, please. Please, you're going to send me to my grave early. When in the process of lowering your monthly expenses, you should be looking at everything that's taking precious monies from your account. That includes your phone bill.

One of the quickest ways to save up to $1,000 per year is by switching over to an affordable phone plan. This is possible thanks to today's sponsor, Helium Mobile. People I know all around me and my business phone personally has switched over to Helium Mobile and for only $20 a month and I'm getting 5G coverage that includes unlimited data, texts, and calls. I've already recommended Healing Mobile to my family friends as some of them were spending up to $100 a month on their phone plan. It wasn't hard to convince them since joining will save them a ton of money while still providing great phone service. And guess what?

Healy Mobile actually decided to hook up all of you wonderful people with a completely free, 30 day trial. Again, that's 30 days of free unlimited data, texts, and calls on your first try. Just use my promo code, Caleb, in the link in the description below. And if you're locked into a phone contract, don't worry. Enter your details of the form linked below for a chance to have Helium Mobile clear the remaining balance or your device, plus they'll give you six months free of their unlimited plan. It is too... Okay. It used to be worse. Just... What do you... Where was it? It used to be worse.

Where was it? Like, it used to be like 5,000 maybe. Okay. How did we get to this point for 5,000? Just, you know, making the payments. Over the course of how long? Maybe three years. Oh, okay.

That is just a death. I can tell you how I cared, though. How you got it, like how high I made it. So you don't have to like yell at me. How high? How? I got it because of Pokemon cards and makeup. Okay.

You're asking to be bullied. That's what you are. Is that your kink? I'm not going to play along. No. That's what happened in the past. All I care is about what we're doing now. Trust me, I've made an endless amount of mistakes,

but are you going to sit here like an immature person that doesn't live in the world and judge me for what I did six years ago or seven years ago or four years ago? Or is that what you're assigning me today? Or are you going to assign for me today what I'm doing today and what I plan to do in the future? Like an adult who has any mental capacity beyond a five-year-old. old. That's what we do. So that's how I approach you. I'm not going to freak out about

Pokemon cards you bought three years ago. Is the stupidest? Yes. But hopefully you learned. I did because like I said, it used to be worried. And I don't see $3,000 of Pokemon purchases here. So I'm not going to freak out about that. I'm not going to play into your little shame kink. I am going to go beyond and look at what you did here. What you did here is you had a card that has a manageable balance, but instead of putting more money towards it, we add 25% to the balance because we wanted black lipstick. I'm sorry. Rub some coal on it.

Call it a day. They had a good deal. It's a joke. She'll die. Don't do that. Then we can't pay off the debt. Okay. We have a quick silver card.

Quick way into death grave of insanity. $2,0.51. $42 of the $73 minimum of payment. Yeah, these are going to stack. I'm still making them. So that's all that matters. I haven't, like, missed the payment that I know of so far. Okay, yeah.

But we're still purchasing on this. So, girl, my dude. Gosh, I swear. Oh, I want to cheer people on. But then I just f***s you this. So you're losing $53 of interest on a monthly basis on this card. Okay, like. Etch!

And but, even though. you paid the minimum payment towards it. We purchased money. So the balance of this went up $10. $11. $11. How much was the purchase? How much was the purchase though?

It wasn't that much, but the balance went up. Yeah, because like, I need an outfit for a concert. Oh? So that's why we went to Taco Bell? Yeah. What are you? I like going to concerts. So we go to Taco Bell?

How does that make sense? How does going and getting diarrhea productive of going to a concert? Okay. So we go to talk. Yes. And I don't go to Taco Bell. You don't eat it or you eat beforehand? So that's what you're talking about.

Yes. But did you eat before or after? Yeah. I don't know. It was like a long time ago. It would be a very risky decision to do that before a concert Taco Bell. I mean, not really. I mean, if you can hold it.

I usually can't hold the waters. Well, then that's on you, dude, because I can hold it. No, that's on Taco Bell. That's on fake beef. And then Sharita. So, that's, that's what you, that's what you, that's getting you glammed. The Cheriti. Share tea?

That's boba. That's boba. None of this has to do with a concert. What the fuck are you talking about? Yes, it does. Okay, like, look. So I have to...

Yeah. When I went and saw two with my dad, I wasn't able to get in there unless I got some boba beforehand. Yes, because like you have to, you know, you have to prep your meals before you go. What are you? And then afterwards you eat as well.

Oh my God. Plus I have like two more lined up, so it's okay. Like, it's fine. Can I ask you a question? Yes. I'll ask you a little question. No.

Where did you apply? to be on the show. Online. Yes, we're online. Well, the link in the description. The link in the description. Yeah. It's where you can apply as well, but

what the f- you're so just like, I get it, I get it. When people get on camera for the first time, they get called up for the first time, they just get these natural instincts. That's just like words that I cannot say without getting sensitive people upset.

Oh, it just makes you turn into something very dumb. Okay. And just, it's just like the concert thing. Who gives, buddy? Who, Boba and Taco Bell? That's, how are you? Yeah, but that's only two purchase out of a long-tight thing. How are you defending that, though?

Because it's something that I wanted to get done. Like, I wanted to go get-bo- Yes. I know, but buddy, you're adding $10. Your balance went up even though you're making a minimum fee payment that you can't afford because you can't afford that minute. So then how can I fix that? You're making that minimum of money.

You've ruined my, I was trying to go on a little thing. You ruined it. You ruined it. I'm pretty sure it's justified, though. Also, you said you have more concerts coming up? Yes. Okay.

I'm going to go see 21 pilots and Melanie and Martinez. I'm so excited. They fell off. No, they didn't. Have you heard the new song? No, because they fell off. They didn't. I don't know.

I'm sure they're fine. And who else? Melanie and Martinez, but I use QuadPay to like pay for those. Stop touching the table. I'm sorry. It's okay. It just makes loud noises and I'm getting upset. Enter your microphone.

I can do it. That's because I'm the host of the show. I'm an angry little boy. I use quad pay and like after pay on Carolina. You're like bragging about it almost. Because it's like it's a small payment that I have to make compared to like the big payments that I have to make for my credit cards. What is your goal here?

What do you mean? What the fuck? Trying to like get out of this. Trying to like figure out how to stop spending on my credit cards. But I'm like I'm like, I truly have stopped. That's a behavior thing. But the moment I call out literally two simple purchases that you didn't need to survive. Your mind.

went nuclear. No, I did not. Yeah, you were like, I have to do it. Well, yeah,

because I have to eat. I have to eat. If both of balls aren't flowing down my throat, I can't sit in a seat at a concert. I have to eat. Have you ever heard of a sandwich, dude?

Have you ever heard of a granola bar? Have you ever heard? Oh my gosh. Hot pockets even. Yes, I have. But I always, like,

whenever I go to concerts or I like travel in my car, I always either get a protein bar and like water. That's like my go-to. Cool. Why didn't you do that? Because I can't use my credit card, so I use it for another purchase instead. What?

Do you ever just like alternate like that? No, what the f f you just say? You couldn't use a credit card to get a protein bar in water, so you use the credit card on Taco Bell? What? It's a different purchase. The fuck are you saying? It's a different purchase. Like, it's at a different time and different things.

Oh my gosh. I'm in a dream. What is this episode? Oh my gosh. Redd is going to love this episode. what is happening I'm telling you I don't even know what the fuck I'm doing here

it's fine like I know I know okay and this is what confuses a lot of people this is what confuses a lot of people and I get it because you're not here you're not here you're legitimate in here you applied to help and you believe what you're saying is legit and I just

for a second just please I'm just trying to figure out what the I can even say what I even need to do to get through the brick wall that is in front of me right now I don't mean that as an insult but the fact that you're just so like legit about this you want help but you're just like

so beyond defensive and delusional just why are you trying to interrupt everything because I'm trying to justify not really justify but in sense like it used to be so much worse and now it's just like oh it's only one small thing that's like but you're not making progress on the debt and that's what i need help with okay help number one stop doing this what the

fuck are you talking about it's hard kill me like okay so what do you what do you turn to i want you to take this seriously i want you to take this no you are not yes i am yes i am so this is i'm gonna do a question please please please so what do you what do you do when you're low on money on your checking account but only have your credit that's what Guess what? Once I learned how to budget, I was never low. See, but I didn't learn that. I know you. I know you didn't, but I am trying to

literally give you the most basic pointers and you won't go through that. Sorry, I am trying to figure out how to like get, uh, how to approach this right now. I, I need to think for a second. I need to think for a second because this is I. And then you're going to more concerts which means you have to get more

bubble, of course. You have to get more. No, I don't have to get... Oh my gosh. I'm trying to, like... I'm trying to correct you on your statements that you're making about my life. I was... That was obviously, obviously, me being ridiculous saying that. Saying you have to get Bubba to go to a concert.

That was obviously me being a cheeky little... I'm sorry. It's okay. It's just like... Good... Okay, sorry. Sorry, I know I'm being... But...

No one knows what it's like to say here. Yeah, so this one's interesting. That's interesting. I'm just going to move on, pretend like the rest of that didn't even happen. This treats you like a normal 26-year-old adult. You have a Toyota Camry. Yeah. Woo.

I'm thrilled for you. I'm glad you have a car. That's good. Let's shake hands on that. What I'm not just about thrilled on is the fact that your, uh, um, the monthly payment is $652.

You want to hear the story behind that? Oh, sure. Sure. So the person that I was dating at the time, I was complaining a lot about my old car. My old car before that was a 2012 Ford Focus. And I had the check engine light on. So I'm used to running the cars like that without like bothering to check them. So that's ignorance on my behalf. But like also the fact that since I was complaining a lot on March of last year, they took me to go see a dealership. And I wasn't planning to get out of how it was a car. But I ended up I ended up trading that car for this one. And instead of like making a voice or anything like that about my finances at the time, I kind of just let them do everything on themselves. And so that's how I got the car. And then two months later, I got dumped. And you're blaming your axe for this? Not really blaming, just saying I don't like the way I obtained the car.

But why'd you bring your ex up immediately? That's how I got the car, though. Because of your ex. Yeah. So you're blaming your ex. I'm not blaming him. You just said you got the car because you're ex. I got it because that's the way I obtained the car.

That's like the factual thing. That's how I got the car. I know, but you didn't have to. Okay. Okay. Okay. Okay. Okay.

Okay. Okay. Okay. You got the car. When did you get the car? When watched you have last year. This is a... Starting a business can seem like a daunting task, unless you have a partner like Shopify.

They have the tools you need to start and grow your business. From designing a website to marketing, to selling and beyond, Shopify can help with everything you need. There's a reason millions of companies like Mattel, Heinz, and all birds continue to trust and use them. With Shopify on your side, turn your big business idea into... Sign up for your $1.00.

per month trial at shopify.com slash special offer. $31,000. $31,9702 balance for someone who makes $44,000 a year. Yeah. I'm going to end everything right now. $6.52. 70% minimum monthly payment. What's the term on this?

Six years. Hose on the boot gun in my mouth right now. What is the interest rate on this? I think like nine point something or something like that. It's it's it's it is big time I've just heard 20% on the show So I'm just very glad it's not that But I will now celebrate 9%

Because you're not gonna beat the market Especially after depreciation Yeah Gas car insurance and How's the condition of this car? It has some cosmetic surgeries I need to get to do Oh yeah

I got I almost I got ran into a cone Like driving out of work You got ran into a cone Yeah so you know how it was like really like foggy You got ran into a cone So like they were doing construction, right? But that construction is way over, like, already done over by, um, what's called by like the road that I take for work. And the van beside me, I guess he didn't see me that I was

beside him. And I honked at him too. And he ran me into the cones. So like literally, I think it's all my right side is just, how. It's not too bad. It's just scratches. Anything else? Uh, the windshield scratched from the heat from last year. Oh. The heat? Yeah. Cracked from the heat? Yeah. Because I like, I have my windows up. So I like, I never roll them down. And apparently you're supposed to roll them down whenever like it's super hot in Texas. So you think like you'd think living here for like a hot minute. I'd know that, but I didn't. Yeah.

I mean, I've been here five years. I've never heard of that. Yeah. I could just, you know, have missed that. Yeah. Do we have a value on her car? Let's get that. Oh, I don't have it by memory.

Can he go out there and get it? Mm-hmm. It's like parked. So. He convinced you to get this and then you guys broke up. Yeah. Oh, rip. Sorry.

No, it's okay. Because I also have that thing with the phone as well. Because my phone is... So the next time you date someone, you're going to let them convince you to get a house or something that you're going to work? No. But we're getting there. Okay.

Oh, we've got to talk about those coffee tickets, but let's get to the car first. I'm the interested in 9%. Yeah, again, after everything, you're not going to beat the market. So it's just kind of... Yep. After taxes. Well, let's see.

Well, I have no idea. I got you. Payroll. 3,000. 617. Is that sound about right? I think so. I've never really checked my finances, to be honest with you. And you're here so I can check it? I guess.

No, is that why you're here? Yeah. It's almost 20%. Okay. 20% of your pico and pay goes to this car. And that's not even including property taxes and whatever repairs and gas. Okay, Walmart card, $492. cents, $28 minimum

payment. Thank you. Thank you for not purchasing anything on this. Okay, I'm going to stop you there because, like, I do tend to use it when I go to buy groceries. But that's what I'm using. I'm trying to become a credit card person.

Well, you're not. I know I'm not right now, but I can be. Maybe in the future. That's what I'm saying. Like, I'm slowly getting there. No, you're not slowly getting there. You're holding balances and you're purchasing on cards that you're holding balances and not paying off. That's the opposite of being a credit card.

I will allow you to use the FIS card. They've been a longtime supporter, but I support them as well. It acts like a debit card. It acts like a debit card, but works like a credit card in terms of the impact on your credit. So use that. You are not a credit card person. You cannot do this. But I can attempt to be right.

I can attempt to be. Okay. So the way I will allow you to become a credit card person eventually, it's probably years down the road. Well, yeah, that's what I'm saying. Like, I know that. after you've proven to yourself that you're able to manage a budget, and you'll go through our budgeting program, and it's going to be great. You're going to go through all the education

and actually learn how to budget for the first time of your life. But after you do that, and you prove you're able to manage spending, then I'll allow a card that you put maybe gas on. You know, it's a little steps, little infant steps. Beep, and then if we can prove we can manage that, then maybe we can prove we can manage something a little more complex. relax and we just continue to build up from there. You're not even closer to a great card person now.

I'd chop them up. I'd close your accounts. I was afraid you're going to say that. Yeah, because it's obvious. But like, what if I just hide them away, like in a safe or something and, like, don't touch up? Because I don't have access to them like on the top. Do that for a couple months.

And if it doesn't work for a couple months, close the accounts. Dang. But what if I was. Dang. You say dang. So you know it won't work then. So it will close now. I know it will work.

If it will work, then why is that a problem? Because, like, don't you have to like, keep your old just one open for it to impact your credit. You're thinking about the impact of your credit, but I don't understand how people in your position give a shit their credit. You're not, shut the fuck for a second. You're not utilizing credit in any beneficial way.

It is taking advantage of you. If you're dating someone now, congratulations, that sort of made it sound like, but guess what? You're married to these cards, and you're an abusive relationship with them because they are just obliterating you. You are not.

not taking advantage of credit. They are taking advantage of you. They own you. And how do you know they own you? Because your car is valued at, and this is with maybe a little bit of damage, $21,283,000. So you are underwater $10,000 in a car you can't afford.

Credits really working for us, isn't it? Man. Oh, okay. All right. Great. You know how credit is? really working out for us because we have a 5,000 kill me dollar balance

on this Discover card. Are you kidding me? It started with a PC and then it just kind of snowballed from there. So it works. Yeah, not a credit card person so I don't know why the f*** you'd possibly... You didn't even pay your full minimum. Yes, I did. I paid more

than like a couple cents after it. Okay, then it must have been after we received this statement because because you put $100 towards it but the interest was $104 of the amount. So it went but okay I always try to pay like the minimum or at least a little bit more than the minimum and that's how I end up overdrafting my cards because even with the car I paid it's 652 to pay it but I pay 670 into the account that I like where they take the money out from you're gonna make

very there's there is not one recommended day off debt payoff plan that I've ever seen that is like put a little extra towards all of your debts the same time that's never it's usually pay off the highest interest first will make a minimum monthly pay pay payment on everything else or pay off the lowest balance first of all making a minimum monthly payment on everything else that's what i mean that's what i was thinking but you're not you're just putting a little extra tors this what i'm towards all of them so that way like they're but that's never been that's what i just said that that's not what anyone recommends and then i explain the two methods that people record on it's snowball and avalanche and then you just said that's what you do by doing

the complete opposite isn't it isn't it like the same process you're still paying it off you're but your method is going to be so much longer and you're going to feel like like you've made no progress along the way because it's going to take forever to pay anything off. Plus, it doesn't even matter because you make purchases on the cards and bring the balances up anyway. So what the f*** is the purpose? What are you talking about? Oh, great. Oh, great.

It used to be worse, guys. It used to be worse. So, you know, I only murdered 10 people last year. So it's okay that I murdered five this year. It's getting better, guys. It is. Great. That's an excuse to live life in a disaster way.

This is great. This is awesome. I'm so glad we're here. It's great. This is thrilling. I need the orange extension cable. I'm running. out of power. Hot topic. Oh, good. Explains all that. It's my first card. It was my very first credit card.

Makes sense. So that's why I'm like, I'm not sure if you want me to cut it up because like it's the oldest one that I have. Again, I don't give a $1,000, that's not what's impacting your life. Okay, tell me, what do you plan on using credit for? Beneficial to you. When are you going to buy a house? Like, you can't afford your car payment, so when are you going to buy a house? I can't afford my car payments. You overdraft on your checking account. No, you cannot. Okay, it's as simple as that. Boom, so, fuck up. So when do you plan on buying a house? Probably like 10 years from now, maybe.

Okay. We can work on building credit. That's what I'm saying. So I need to be able to do it. We could work on building credit later. If you allowed me to make it through the second half of that sentence, kill me. Noah. What are you doing?

Okay. Make sure these are still recording. Technical difficulty. Pause. Noah decided to turn off the entire studio. Okay. I was trying to get you your power for. I'm sorry, man.

No, it's okay. We're just going to put you on blast in the middle of the episode and it's going to stay in. Dang. You see that one, Abraham? Yeah. I only saw a couple. I only saw a couple of episodes? Yeah, I don't know what tequitos means.

That's okay. But you love them. That's all I'll say. Okay. Oh, the hot topic before the power out. It shows. New balance, 136 hours. This one actually went.

Debt fees. Is this a fee card? Why are there fees? Oh, so I accidentally maxed it out, like probably like two or three years ago. And then I'm back on rebuilding it back up to what I had. So it's way less than what it used to be, is what I'm saying. That did not answer my fee questions. What do you mean fee?

Oh, my gosh. Oh, not so mean. I don't want to be mean. I'm sorry. I asked the question You gave this answer Like you were answering the question But it wasn't even about it

I was half in and half out What do you mean by fee? There's a balance on here $436 and 45 cents The minimum monthly payment of $30 Can one of you turn the TVs on please And interest is agreeing

But we made the minimum of payment A little more than the minimum monthly payment So that's your method I know Harp on me on that. But, no, my gosh. I want to lay down. Did you hear what I harped on?

I want to make it very clear. Okay, what did I harp on? The fee. No, my. And then like the... No, no, no, in terms of paying a little extra on the balance. Yeah. What did I harp on?

Then I'm the way, the way I'm doing it. Okay. So there is something to harp on then. Yeah, but like if it's slowly working, I just need a better method to be able to, like, make it work. Does that make sense? It does. It does.

It makes sense that you kind of listened, but you tried to make it sound like there was nothing to harp on, but we already went over that there's a better way and you're just doing yourself a disservice. Okay. That's all you have to say. I just don't want to have to say it 50 times. All right. I'm going to give you $20 right now.

All you have to do is sign up for Acorns using my link in the description below. It's an amazing investing platform that you've probably heard about before. And this makes the end of your week even better. There's no strings attached. It's literally a free $20. Use my link in the description below. Oh, yeah. Okay, so this is a loan.

Student loans. Okay, so this one's $8.58. That one's from my mom's behalf. Huh? So, like, when I went to school, I took out student loans, and I also had a pill grant. But my mom took out student loans from her behalf, and what's it called?

So I'm the one that's paying for them because she can't pay for them. Why? Why is she not? because she doesn't have the money to pay for them so I'm paying for them. So that's another reason why my money's going. How much are you willing to talk about this? Just like a tiny bit, not a lot. What are you willing to tell us about her situation?

It's just the fact that her financial situation is worse than mine, like way worse. You are enabling bad behavior. In a sense, yes. We're going to leave it there out of personal details, totally fine. If that is the case, I need you to put up hard barriers. and it is so hard because it is the person that raised you it is

that means your mom yeah but at the same time I feel responsible for it because again it's mine one second one second yeah but you're also giving her extra money you said like a hundred bucks a month sometimes yeah but that's because again she can't make rent I know but because of what you explain

which we're not keeping things we've got a couple things in the episode you're enabling her bad behavior you are allowing her to continue her bad behavior and what I mean by bad behavior is just financially responsibility. You're allowing her to continue that because you're providing what she needs to survive. Because you're allowing that, she is telling herself that she does not need to do what she

needs to do as an adult and she's taking advantage of her child who can barely pay her bills. So, I need you to draw a line in the sand and this is the hardest part of the conversation because this involves a relationship, a relationship with a loved one, a relationship with a close family member, a parental figure. It's the hardest part of the conversation, but you need to draw a barrier. because if not you're going to be continued to take advantage of the moment you get out of your own situation if I can get you there she's going to take advantage of even more

and you'll never build up a retirement he'll never be able to invest money buddy I want to be able to set you up in this account with my I want to deposit like your first money as a reward into your moo-moom account or something like that I want to do that but if she's siphoning money out of manipulation We're not going to get there.

So I'll kind of leave it there because I know we can't dive too deep into it, which is totally fine. We want to be able to protect people's privacy and the way they want. But that's going to be a hard part of the conversation. I need you to do that. Yeah, but also, like, again, I feel like it's my responsibility to do that. And not to mention, like, since my brother helped me a lot with helping her on that behalf and everything, I feel like most of some of my credit card that is from because I like giving expensive gifts.

So, like. But, okay. I... Padiday presents. In the red corner, the undisputed, undefeated weed whacker guys. Champion of hurling grass and pollen everywhere. And in the blue corner, the challenger.

Extra Strength, Hannity! Eye drops and work all day to prevent the release of histamines that cause itchy allergy eyes. And the winner, by knockout, is Padaday. Adaday. Bring it on. What's the word you just used? You what? I give expensive gifts.

No, you said you like. Yeah. You know what that is? What? A want. No, it's not. Liking to do something? Yeah, it's just a want.

Yeah, that's you doing something you want. That's not me wanting it. Yeah, you said you like giving expensive gifts. Because I enjoy it. It's nice thing their faces. Yes, that's a want. That's you wanting to do that. How is that wanting?

That makes no sense to me. What the fuck me? That literally like it makes, like it's not clicking in my brain. You want to give the gift to see their faces brighten up. Yes. You want to do that. It's a want. Oh.

It needs come before wants because your basic survival comes before that. Yes. Yeah. Please say yes. Yes. If I can't get you there, I can get you in. Yes, definitely. That's why I'm like, again, I'm slowly cutting down to what, like, again.

Today was the day of the total solar eclipse. Did it somehow just completely fuck with you? Because this is insane. I missed it, sadly. So, I don't know. It didn't miss you. Sorry, that was rude, but also, this is insane. Like, you didn't know what a want is?

No, because, like, the way you're wording it, it didn't sound like a want. Because it's like, that's not me wanting something. That's not me of my personally wanting something. Okay, so she took out the student loans on your behalf. Yes. Okay. And then you took out an additional 5,162. Yes.

That's unsolicitized and subsidized one. Okay. Oh, no, I actually used to be more because I was paying it while I was in school. What did you go to school for? Theater. Do you have a degree? Yes. I asked someone who studied music.

I was always the time. But, you know, I was just like any other 18-year-old. in high school is like, oh, I'm going to go do what I want to do. The rest of life doesn't matter? And now I'm going to school for advanced manufacturing. Oh, we're going back to school? For advanced manufacturing, though. It could be interesting.

Is this trade school? Yes, no, no, because it's here at the college. ACC type thing? Okay, that's fine. ACC is very affordable as well. You're not cash flow, though, are you? Are you paying for it in cash? No.

It's my, I just literally repeated like three times that I'm doing it on behalf of my job. Oh, okay. No. You're right. So like it's I'm going to be there for a hot minute So I'm going to have to stay my position at my job for a hot minute as well It's not a bad position It's certainly a little harder

Yeah but it's not something like I want to do personally Yeah I almost made it through a sentence Okay And I'm not against school man I See I think the way you're doing it through a job that's incredible And either way I think a low cost community college Like Austin Community College is great

That's great I talk about tech certifications to course careers I like trade schools in this. There's a lot of good ways to go through college. Borrowing to go to theater school, not the best. Only because it's an uberly competitive industry. Some people are going to make it. And also the fact that I know it makes a bit less than what I'm making right now,

so it's kind of difficult to even go there. Yeah, $0.00. It's less than what you're making now. So it's a good one, wasn't it? Yeah, I'm not arguing with you there. Huh? I'm not arguing with you there. So I'm like, oh, yeah.

You're not paying on this. are you? You're on like an income-based thing? No, I'm paying on it. It's already started. I'm already paying on it. You're on the traditional 10-year? I think so, yeah, I don't know. What's your minimum monthly? I don't see it on here. 50 or something like that. But I always, again, like I said, I always pay either $100 or more. But this is on deferment. That's on deferment. Because...

Mom's income. Right. But I'm paying for it. Oh, I know. So... Eventually, you mean? No, I'm paying for it right now. But it's on deferment. It doesn't matter. I'm still paying for it. Because that's how, that's the way I didn't during school as well. that's why that one's so low.

But it's on deferment and you have 30% interest rate just racking up. Yeah, but again, I'm paying it now. Yes. While it's on deferment. I know. So like that way whenever it comes back, whenever it bites me and it's like it's not $800, it's like less. It's going to bite you on like 5%.

You have, because that's like the interest rate on there is like 5%. You have 30% debt that's accruing interest on a credit card right now. That's more than zero. which is what that's at and that's also more than 5% which it will be at. Like I said like I feel like I'm responsible on that because again I went to school she didn't I'm just going to get that way off. I mean congratulations to that thought. Not to mention it's so less so like okay you're also responsible for the 30% credit card debt you took out so I don't really fucking get that argument. That's I'm paying it off is what I'm saying like I'm

going to go ahead and I've heard that I've heard that that those words made it to my ear. I'm telling you that's stupid. Why? Did you not just hear what I said? Because I'm paying it off, though. So like, I don't understand why it's so stupid. I will let you know one more time. I heard you say that.

I know you are paying that off. Yes. Yay. You have much worse debt. And this does not need to be paid. Oh! Is it not going to bite me in the, if I don't pay it?

Because that's the mentality I'm coming in with it. It's the first. that like that. Like, if I don't pay it right now. It's under her name, so it's not going to bite you in the either way. It technically is. Huh? It technically is because she used my brother's credit to be able to get it out. Oh. That's still not you, but.

Technically, again, this child feels responsible, so. I get the feeling, but you, oh, on the credit card already. This conversation must be what a stroke feels like. This is just, I'm fucking, what is this with your. brother? Yeah, the one that I currently live with. Yes, what is this? It's she used his credit line to be able to take out. Does he know this? Yes. He approved it? Yes, it was agreement between three of us. So that's why I'm like, I'm more responsible to be able to debate off quickly,

especially since it's such a less amount compared to all the shit that I have. I get the feeling. I get the feeling. So what are you putting towards it on a multi-based? That one I'm putting like 50 or 100. Like I'm alternating between the two. Now imagine if that plus the little extra you put towards everything else was compiled into one big pile that we put towards our smallest debt, you would get rid of that debt. You would get rid of that money monthly payment. Then we'd take that chunk of money plus what you're putting towards that smallest debt, the minimum monthly payment.

We can put that towards the next smallest debt. And we keep doing that until we all of a sudden get rid of that. And we get to take that minimum monthly payment into the pile. And all of a sudden it grows like a snowball. Whoa. Yeah, but like if I do that and I don't pay that, on when it's supposed to be dude isn't that gonna bite me when it's supposed to be dude there's not like a this isn't a homework assignment it's not like a you have to pay all

this by that you have your minimum monthly payments exactly yeah I you pay your oh buddy I'm sorry I'm sorry I'm sorry I understood what you said but I mean like because again because of the way I have the method like yeah but your method is incorrect but it's helping me so far no it's not no it's not so far yes you're going deeper in debt. It's not helping you. It doesn't make sense. I'm only going deeper because I'm spending. And that's literally it. Is anyone still watching this video at this point?

I hardly am. So when I explained the snowball and avalanche method earlier, I explained that you were also putting your minimum monthly payments towards everything that you have to. This is included. So you would not be missing a payment as you just suggested by doing the method. I was just explaining. Are you sure?

Yes. What the f f you mean? I'm sure. What are you talking about? Are you like solid on it? Like it's a positive thing. I'm not going to be able to miss one. We'll build out a temporary budget in the end, but typically, yes.

Or else you won't have any extra money to put towards the debts anyway. So it doesn't matter. Okay. Oh, fuck me. Okay. Gosh, I'm probably coming across such a... But this is, this is, this is, this is, uh... Maybe I'm not the right person for this show because I can hardly handle this.

Okay, checking account. Woo! We made it, ladies and gentlemen. Oh, we made it. Words out $24. Fucking doing some Black Rabbit, some Nintendo stuff. It was a good show. I am going to make it through this statement,

and you are going to sit there and not say a word. And it will be big progress. And I'll be very proud of you for that. Hot Topic. Oh, we're back, baby. We're back to our edgy teenage days. Taco Bell still getting them runs. Ghosts. Some tequitos.

Mangolia. I'll explain what tequitos aren't a bit. Mangolia, Pete Terry's, Unicorn, something, some Google subscription. PlayStation Network, PlayStation Network, Red Robin, U-2s, selling out $23. Some tequitos, some tequitos, hot topic. Oh, and Spencer, guess. We went to Hot Topic and Spencer's Gets.

It was a great date of them all. Dave's Hot Chicken. Tequitos. Tiquitos. Kitos, Country Cafe. Oh, McDonald's and Starbucks. And you know how important McDonald's and Starbucks was right before. Overdraft, overdraft, overdraft, overdraft, overdraft, overdraft,

five in a row. Can I explain it, though? Oh, I said I'm going to make through this without you saying a word and you've immediately failed. I'm sorry. Yeah. Terry's, P. Tairies. Klarna.

Oh, Klarna-e. I'll ask you a question so that you can say something. What the fucking clarnane? The tickets. Oh, that was the tickets. The tickets and the legal said that I bought my brother. It was like a $300 Lego set. What?

What's your brother? Huh? He's 24. What did you do? What was it? What was the Lego set? I think it was back into the future. I'm not sure.

It's been a hot mat. Back into the future. Yes, classic Back Into the Future. He really likes the joke. So why not? Why not? Yeah. I imagine the back into the future soundtrack sounds like,

What the What the If this show? I can't even imagine the post show for this one. So can I explain some of the searches? Okay. Okay, so what you're seeing there is

whenever I went to go visit my mom over in my hometown because I live six hours away from here. I'm sorry. I can't get over this. It's okay. It's okay. So yeah.

So the majority of the time I'm driving and some of the expenses like H.E.B. and Waco, I had to buy my other brother who's like, I think, 21 or so. Had to? Yes. Had to? Yes. You know what had to means? What?

You had no other choice? You had to? Yes. Had to do what? Had to buy him his snacks. So that's like a $50 purchaser. So if he didn't have snacks, he was going to die? Yeah.

Which is, you're joking. That's a joke. No. He wasn't going to die. No. So he didn't have to continue. Continue this stream of nonsense. Okay, so anyways, what's it called?

So the Dave's Hot Chicken and like after that I was over in my hometown, that's that. And then the other purchases or I go to Houston to travel. So I travel a lot to Houston and some of them are restaurants. And you go to Houston to travel a lot. Why? Because I have a, my boyfriend lives over there. Oh, good. Maybe he could pay.

He does, but I pay sometimes too. We alternate. You can't afford to, so no, you don't. He pays if he wants to see you. But we alternate. That's how it works. Proud of you guys, not anymore. So this is how this conversation works, by the way.

You do something. I tell you it's bad. I tell you not to do it anymore because you can't. And then you improve your life. Okay. I will. It's a great simple process. You don't.

And I will. Shut! You don't sit there for a second. Or the entire episode. If you're chasing data down, instead of seeing it in one place, you need the Intuit ERP. Intuit Enterprise Suite. All your data in one place with built-in AI for real-time insights. Learn more at Intuit.com slash ERP.

And be like, I did this. So it's okay that I did this. And I'm going to continue to do it because it's what I did. That's not how this works. That's not how we make progress. That's not how you change your life around. How much you have in retirement? 26 years old. I have no idea. Oh, great. You're going to die under a bridge. That's how this leads.

That's how this leads. Because who knows? Social Security has already makes no sense at this point in our day and age. It's not going to be there by the time we're going to be there. And if it is, the national death is going to be insane anyways. And it's chaos, chaos, chaos. So the social safety network, by the time you, you have nothing. You have nothing. And the choices you are making are going to continue to be, less than nothing and you're not going to have a chance to survive and then you're going to come back begging like the people do who say that when life was hard i have no money i was never able to buy a house i can't afford to go do the things you want to do because life was hard and i made no money when that was incorrect you just decided that you refused to take any sacrifices or change any of your behavior in your life and then the rest of us are going to be dependent on giving more of our money

to take care of someone who refused to sacrifice in this life. And that's, no, you have it. No, you haven't. Look at these. This is, these are the actions of a child, of a child who refuses to do anything. The words you have said, the words you have said of not being willing to change things, not being, you're going to go to two, you're going to get your stupid boba. You're going to keep splitting things with your boyfriend, even though you can't afford it. You're going to keep enabling your mom. You are not making the sacrifices. You are not having the hard conversations. You're not doing what is required for you to have a better future, meaning the rest of us are going to have to take care of you when you come back and say,

when our life was hard, I never made enough money, and I never did what was necessary. You're not seeing it all of it. You're only seeing a little part of it. Tell me then. That's fine that you're upset, but like, tell me then. I'm trying to, but you keep arguing over me.

I'm saying that you're only seeing part of it because I'm telling you it used to be so much worse. And especially whenever you have mental illness, especially with the sewer of the sliding, you don't like, you don't really think about how you ever soon. Every single person in this entire world and our generation say mental illness.

So tell me yours. No, well, I'm telling you of suicidal illness. not. But point being is, it's like, I didn't think I'd make it past the age of 25 and here. I am a year later trying to figure out what the fuck I need to do with my finances. So you don't know everything like you think you do. Well, it's not about that. It's about the choices you're making right now. Well, that's what I'm saying. I'm trying to change that. I am so happy you are here today. I am so happy you are with us in this world. And I'm glad you did not go through that choice that would have been very permanent and life ending, obviously. So I'm very glad. I

I am very proud that you did not go down that route. And I am sorry that that is something you have dealt with. But to say that I am trying, the language, I have the sympathy for that, but I will not allow that sympathy to cloud the reality of your situation. And your reality of the situation is that I said, do not, you cannot afford to split things anymore because you literally cannot afford it with your boyfriend. And you say, but I split things with my boyfriend. that is not you taking any actions to change anything. So you might have a desire to change things, but you with your words and actions

have not put anything forward that would suggest you are going to change anything. I can do it after this. I'm going to diet after this. I'm going to die it so good. I'm going to lose so much weight. And it's going to be so great. But I'm not going to start today.

I'm going to start after this. I mean, I certainly can't do it right now because I'm right here with you. Yeah, yeah. Yeah. Okay. Okay. There's all the overdrafts. They pulled from a fidelity account. Again, I am very sympathetic to that. As someone with mental health issues myself who has struggled with that and has worked to improve my life, has changed friend groups and just has done a lot of things to improve my life, sees a therapist once a week. I have sympathy for that. As someone who has considered those dark thoughts as I was going through a terrible panic attack multiple times, I am going to say my thoughts. I am going to say my thought and you're going to shut up for a second. I am very happy that you are here and I am very sympathetic to that situation.

That is not going to change what a financial diagnosis is in terms of you are financially right now and your actions around them are in the language that you've used. used here in this conversation suggests that you're okay with all of this but I'm not though but why have you you've put off everything I've said you've tried to justify everything

I'm taking it in and I'm going to do it I just know people out there are going to hear the fact that you said the yes word the no longer a live word and they're going to be like oh now the conversations all this, all that, and there's like, it's just like, oh, Caleb's the, all this stuff. That, I'm so sorry you went through that. And I would never want anyone to go through that. And I'm so happy you're here today.

That does not change the reality of your financial situation, which is what this show is about. And if you ever experience a mental health crisis, 988, and I hope you see a therapist. No, I is the reality is that. But don't, we don't just say that stuff to all of a sudden negate the entirety of our life. I'm not, though. That's the thing. I'm not saying I'm negating it. I brought it up.

I brought it up because I wanted you to understand my situation at the time, and that's why I'm trying to get out of it. I am seeing a therapist. I am doing way better. It does get better and all that stuff, right? But right now, again, like, I'm taking into account everything that you've already said word by word. Okay. No, I got you. Welcome. So, how does it get through it? Debt payments, and that's 4.6% of your spending are $224.86. Housing, 20.7% of your spending, which isn't that bad. $10.76. Phone $120.

What is that? 2.5% of your spending. It's my phone. Because, again... I know it's your phone. I just said it's your phone. What is it? What's your carrier?

Verizon. Okay, Verizon's like way too expensive for what someone in your position needs. Switch to helium. I'll get you... Because I still... Your phone's fine. Yeah.

Not by choice. It's the same issue with the car. What do you mean? Are we going to blame that on something? Oh, you just... Okay, so the car was your boyfriend's fault. Great. It's not really his fault.

fault. You just said. My exes. You just said it wasn't my choice, just like my car. Yeah. Yeah. So like, oh my gosh. Okay. So who's fault was the phone? His. Your boyfriend? Your ex-boyfriend? My ex-boy. But again, like it's an unhealthy. How was it? It was an unhealthy relationship. And he ended up coerced me into getting the phone as well. And that was around the same time as the same time as I got the camera. How so? What do you mean? How so? How so? How so? How are like, okay. Because like, again, like I was talking about it. My phone at the time was a different Samsung version. the previous one before this one. And like it was already cracked and everything. And yes, I complain about it being like needing to get a new one. But like I don't mean it to be like you needed to do it for me. I was going to get it eventually. I'm going to go do it. But if I heard someone complain about something every day, I'd be like just go go do it.

That's what I was going to go do it himself and like go like go push us towards. Yes. He went like, oh, let's go get a phone together. Oh, let's go get a phone. So he didn't go and get it. He said let's go get a phone. Yeah, he said us together. And I'm like, we don't need one right now.

Okay. I don't need it. And he's like, no, it's fine. Like, we can just get our finance. And I'm part of the family planning this and the other. Like, that's fine. He talked you into it for sure. Exactly.

So that's what I'm saying. And that's where you stick up for yourself and you see now. I did it at the time is what I'm letting you know. Yes. I think we all know that. Yeah. Okay. It's pointless.

Okay. Okay. Transportation. 21.8% of spending are $1,063. That's crazy for transportation. Necessary food also known as grocery stores. $133.57. $0.57.

$0.5. Yeah. Is it really. that high? Yes. Unknown shopping. Typically Walmart, typically Amazon, things that we don't 100% know what they are.

Some of them could have been groceries. 6.6% of spending are $3.29. Subscriptions, 1.1%. Cancel that. All goes towards that. Miscellaneous. Zapping at the gas station, getting a small purchase here and there.

Things that do not matter, like buying your brother's snacks or else he will literally die. Mm-hmm. $246.2 cents. Or 5%. Other large purchases is 26. 0.2% or $1,277.49.

This category is insane. My friend. Sorry. My friend. I'm sorry to me. I really thought. You know, I really thought. I don't know.

You just, I sat down. You were so nice and you're still so nice in the conversation. I just did not expect this conversation to go the way he didn't. I didn't really didn't. You didn't either? How'd you not? Have you heard the things you've been saying? Yeah.

So the other large purchases were cash app out, transfers out, Zell out, Department of Education. Oh, yeah. And Larenta? Larenta's my rent. Like, it's 830, but I usually, like, do that as... It was like $500 sent out. Yeah, but that's probably from, like, from my mom's. Oh, transferring to an account.

Yeah. Oh, this mom thing, we got to stop this mom thing. Sorry. Well, I don't apologize to me. And also the zilling out is because me and my boyfriend have started a lot of, like the savings thing where we're saving in the envelopes. But you're spending on a 30% card. You're only making your minimum fee payments.

We'll pay on a 0% loan. Spending $428 a month on food blowing like $1,200 a month on concerts and bull. And you're blaming it at all and giving your mom $100, which by the way you shouldn't be doing. I'm not blaming it all on her. You did at the beginning. The words you said, the sentence you said, was blaming it all on your mom. But I'm not blaming it on her.

though. At the beginning of the conversation, you literally did. We already played the clip again. Let's play it again, Brandon. Let's play fun with clips. Can we afford to survive if we are borrowing money from the thing? We can't afford to survive if we don't let other people borrow money from us.

What? My mom brought money for me sometimes. We inserted the clip. There you go. Let's create you a little budget. Okay. Shall we? Shall we have a little budget, a little budget, fun time. Fun time with budgets.

$3,600. 17 comes in. Let's get your minimum monthly debts. Not counting your mom student loans. Again, I get the moral aspect. I really do. I get that. Not against that. It's also just basic realities. Debt minimum monthly payments is $998.70. Phone was $120. What's your rent? 830. Utilities. I only pay for electricity, so that's around $100 to $300. So 200. And no internet? You don't pay for that?

No. My brother pays for it. Okay. You live with your brother. Okay. Gas, how much room, room drive? I would say 80 a month because I'm driving to Houston and back in as well as work. Seems cheap.

Oh, well, so it's a bit more, probably. It was $131. Okay. Car insurance? $2.60. Okay. Okay. T.P. Fund, anything you need to survive in life that isn't just in this budget. It's about $100 bucks. Groceries. Your meal prepping. You're going to use the meal prep in our budgeting program you're going to go through. $300 there.

Subscriptions. Any medical gym ongoing prescriptions? No. You said you go to therapy. Yeah, but that's part of my job. That's great. That's a great benefit. Okay. Anything else in your budget then to take care of? Not that I know of, no. For basic necessities. Yeah, I don't think so either. so that's good.

Needed to survive. Uh-oh. We got some wiggle room here if you actually follow it. $2,9.39. This is Euphoria Calvin Klein. The new elixir collection, featuring three perfume intense scents, inspired by a unique orchid accord,

paired with vanilla, each with its own distinct attitude, each with its own universe, bold elixir, sensual, woody, addictive, magnetic elixir, sweet and romantic, like a lingering touch.

Solar elixir, a radiant expression of joy. Ultra concentrated for amplified impact and lasting power. Find your euphoria. Discover the Euphoria Elixir Collection by Calvin Klein. 70 cents. I will allow you to round up to $3,000 for date-related activities. And it's not very much. Trust me.

It's like, what is that? 60 bucks? No, 70. 60. I can do math. But that's what you're allowed to contribute. And if your boyfriend wants to treat you like a queen, he can. You have an extra $617 left on a monthly basis. Okay, dokey.

So you work four days a week, right? Mm-hmm, right now, yes. Okay, you're getting a second job. Y'all, this is the time to switch to my favorite high-yield savings account. With SOFI, you can get 4.6% on your money. I hate when my money is just losing value, so make sure you're keeping up with inflation at the very least. You can also get FDIC insurance on that money up to $2 million with them.

Plus, they'll give you money up to $300 when you set up an account with them. There's even extra perks like being able to get paid a couple days early. So far is what I use when I'm setting money aside and it is the banking app of the future. Sign up, link in the description below. I always want my money to be making more money, so don't lose money on yours. What? No, it's okay. It's just like, I'm going to figure out how. You open your eyes so white.

I couldn't even see the hot topic on there anymore. I want to go. No, I'll figure out. I just have to figure out how to make it work. What's the issue? I do running on Sundays in the morning. And then like with little to no sleep as well for the... Why?

Because I work overnights. Okay, but that's four a week. For a week, yeah. So don't you work overnight stock and shelves somewhere? I could. Two days a week. I could. Yeah, just do that.

Let's say you're making 20 bucks an hour for the overnight shift, a little extra. Let's say 18. I'm 16. Call it two nights a week. 288. This is great. This is great. This is really good, actually.

1,152. it's called after tax of 750. So let's add an extra 750 to it because you need to do this in order for any of this math to start working because it takes so long just to get a one month emergency fund and that's unacceptable for you to survive. So $1,365 after our solution working five six days a week is what you have left over now. So then what do I do whenever like let's say we need to work an extra day at my current job? Well that's more money right. Yeah, but Like, doesn't that cut into the new job that I'm going to get? Yeah, but the money offsets it.

Now, you're going to have to, how often, how far in advance do you know? Like, they tell us, like, the day of. And you have to. You need to have to must. Like, it's either a week in advance or like, like, literally like two days before. It's like, oh, hey, you work this Saturday. Or hey, you work this and the other. So it's not a set schedule.

Mm-hmm. Well, overnight is still a very, not a sought-after position, but the position themselves are really seeking employment. Yeah. It might be harder than we'd like. Let's cut this down so you have an extra 1,000 hours a month because what we're going to take an account then is that you might only be able to work one consistent.

Is there a day that you just do not work? That would be Sundays, but again, that's even hard because, again, it really depends on what they want to decide when we need production. But Sundays for sure. I don't know right now, yeah. Okay. So every Sunday then, every Sunday,

we're doing overnight at Walmart. Okay. They need it. They're hiring like crazy still because no one wants to work overnight. And it's just a temporary sacrifice. So three months, you have a one month of emergency fund. Okay. Month number four, you pay off Hot Topic and Disney and put a little towards,

oh no, you pay off Hot Topic and Walmart and Disney. That'll be gone. Month number four. Just about. A little rule over to month number five. Month number five, you throw it towards Quixil, month number six you pay off quicksilver month number seven we're going towards the discover card at this point and that's going to take at that point probably four and a

half months what month did i say we're in one month did i say we're in seven right i think okay seven so let's call it a year a year and you're completely out of credit card debt if i take two on two jobs right yeah just one just sundays just sundays you know they gives you an extra 1,000 hours total net. And that's not going to the content that I have line up, right? No, you're, no. You already paid for them? Yes.

Okay. So that's only, no, no, no. You already paid for them. So that's already counted for. So you can go to them, where you're constantly doing off, go to them. But you're not buying anything while you're there. You're just.

But I always buy something, though. See, this was, this was the point of the conversation. Yeah. When you said no, but I'm trying to, I want to do better. You say it like that. I don't give it. you want. I want you to be able to retire with dignity at some point. I want you to live a good life. I don't give a shit about getting a hot dog or a glissie or whatever the fuck you're trying

to do at a concert. Eat a big meal before that cooked at home and congratulations, you'll be fine. Are you going with your boyfriend? One of them, yes. Okay. He'll probably cover you to get a snack or food. If you want that extra fun, I'll... If you want the extra fun outside of this extra $1,000, you're working more hours and whatever else you make. I would personally throw a debt because I know how bad it is, but whatever you don't. So apparently, I would throw it. You can put it towards that fun if you want, but whatever. Can I put it towards the savings that I currently have?

I have a thousand and something in savings. Well, there you go. That brings everything down by one month. Okay. Because we're getting to a one month emergency fund. It's just $3,000. So you have $1,000 a savings. So we're a credit card free and we have a one month.

emergency fund in 11 months. So then my trip to Italy would have to be on pause. Oh my. What is your existence? Because that's, that's what they have to continue this conversation. That's, that's why I have that savings for it.

Have you paid for it? Huh? No. Like, it's like I'm still saving because I know it's going to happen like way, way, way, like long. Yes, like five years. Like no, like more than that. Oh, then I don't give it.

So that's why I'm like. Okay. That's not even a part of the conversation. That's the way. That's the way I'm just, what, what I'm letting you know that's how, that's how mentally I'm saving. it so I don't touch it.

Okay. Does that make sense? You need to go through our budget program. We're going to learn you real quick. Okay. At this point, you have like an extra 1,250 left on a monthly basis because your minimum monthly payments are gone. It's tell you that you simply can't afford it.

Yeah. I think I would borrow $17,000, like a personal loan. Sell the Camry. Okay. For $20,000. bucks. Use 10,000 hours of the 17,000 hours you borrowed to pay off the full balance of the car. Use 7,000 hours and go get a car that will run for a couple years safely. Simple as that,

because that's all you need. You don't need anything more fancy than that. Then with the $17,000, which at that point will be about like $16,000 or so because you're paying a lot of interest up front. That'll take another, take a year to pay off. So if it was your car, for example, by the way. That would take two years to pay off. So this half set. So we're two years in and the car is gone and all credit card debt is gone.

Your student loans, I would minimum monthly payment until they're paid off. And then once the minimum monthly payment kicks in with your mom, I agree morally I would feel responsible for it even though technically don't have to. I would pay the minimums for that as well. So you're doing the minimums on those

until they're paid off because the interest rates are quite low. So don't put anything extra towards them other than the minimum is what I'm saying. Okay. Also, don't pay the minimum on your moms, don't.

It's not including your budget. And I've explained why. And if you're about to, then you're just allowing a motion to go over math, which I do understand and I don't completely fault you for, but I just wouldn't in the situation.

And I would explain to them why you wouldn't, but you are once minimum of the payment start, you will take care of them and you will pay it off because you feel morally obligated, which is correct, in my opinion. So two years, and we're bad debt free. Then let's give it another,

what you'll need to survive at that point. It's going to be $12,000. We have $3,000 saved up. So you need $9,000, divide that by. Then now, really cool, like $1,750,

I've left on a monthly basis. Take five months. So I'm going to say two and a half years. Two and a half years, you're bad debt-free and you have a fully-funded emergency fund. That's like grinding like right now. Yeah, absolutely.

Because, I mean, why start later? Yeah. Grind now because, you know, it's really cool. You'll be still one year younger than me. Because I'm an old. And, you'll be completely bad debt free and have a fully funded or mercy fund.

You'll be in much better positions than a lot of people are age. So that's incredible. Two and a half years sounds like a lot. It sounds like a big sacrifice. You're working overnight, but your income's also going to increase over then, which is not taking in account. And balances will go down a bit more different.

I think it'll be a little quicker if you really sacrifice, but also I'm taking an account that you're not going to be perfect. That's not an excuse to not be perfect. I'm just taking in reality. So two and a half years is a very small sacrifice. for the other 60 50 50 or five to six decades you're going to live on this earth so you're setting yourself up for so much success so much success for a two and a half year sacrifices is incredible and at that point you're at that point you're contributing 20 percent to retirement on a

monthly basis and you'll be fine you'll be able to live a good decent retirement you know it's not going to be luxurious, but you'll be able to have the trip to Italy that you want to do. You'll be able to do that within a decade. You'll be able to put a down payment down, 10% down on our house if you take away from fun a little. That's a future conversation. What I mostly care about is you can live a good life by the time you're 28 and a half, 29. If you literally start sacrificing today, have the conversations with the people because this doesn't give you money to allocate to your mom. This doesn't give you much money to donate to the relationship, you know.

Boyfriend's going to have to step up a little for the sake of his girlfriend's future. You know, if he loves you, then this is things that he's willing to sacrifice because you're trying to make your life better and it's awesome. And your mom will understand it because she's a mom who loves her kid. And if she doesn't, then she's a fucking I need her to fuck off. Which is such an oversimplification of how that's going to go. But talk to your therapist about it and they'll help you navigate the situation, potentially a relationship coach if you need it as well. That's my diagnosis. What do you think?

Are you actually going to do this? No, yes. Okay. Yes. That's one of the reasons why you came over here. But also I have a question. Like, you wouldn't suggest refinancing the car? No, that's not going to bring the balance down.

And you're already at 9% and you're not going to get better 9%. You're not. So I don't see the point. And it's already a six years. What are you going to take it to eight years? No. $17,000 borrow, get a beater and pay off the car by selling the car private sale. Okay.

Done. Any other questions, thoughts? Mm-mm. Just that end in the house. That's it. Make sure to stick around for the Financial Auto Post Show, everyone. Um Hammer financial score

Your spending in a budget Was quite bad wasn't the end It wasn't the worst we've ever seen Two out of ten Debt very bad wasn't the worst we've ever seen But it's certainly not better They don't want to 10 for your financial situation Merchant is fun

You have a thousand hours So it's a one out of ten retirement There's nothing zero out of ten real estate There's nothing zero out of ten Hammer financial score Point five out of ten Make sure to check out all the resources Linked in the description below

They are what I use Or would use to specific situations including the bus budgeting program and the history of the internet. Now make sure to stick around for the post show, which I don't even know what the fuck about to happen

because that was insane. Today on the financial audit post show. Why? Why be not receptive then? If you know you're being delu, when you're in a certain mentality, it's kind of hard to get out of it. So it's like, you have to like literally pound to it.

Avery, you mentioned that you were potentially considering leasing a Tesla. One of my friends suggested it, like, trade in the car that. Friends is stupid. To watch the financial audit post show, click the join button below.