Entitled Gen-Z Girl Uses Payday Loans To Party | Financial Audit
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Financial Audit live in Austin, Texas on February 22nd. Go to calebhammer.com slash live or check out the link in the description below. Hi, my name is Brooke. I'm 28. I live in Austin, Texas and this is Financial Audit. Thanks for coming in. What do you do for a living here in Austin? I manage a grocery store. The whole store? Well, yeah. Okay. Yeah. I know it's a big one. So like that actually must be a lot of work. Do you get good money for the

big amount of work that this is. What do you get paid? Uh, I get paid, let's see, about $78,000 a year. That is good. Yeah. People say, we're not saying it's fun. Okay. Okay.

But people say you can actually make good careers there. Yeah, you can. Yeah. And like, you're kind of demonstrating that you can. Yeah. 78,000. Yeah. How do you feel living in Austin? 78,000. 78,000 is good for, if I'm not, you're pretty, you're 2000 below the, I think the Austin median household income and you're 28 years old, 78,000. Wow. That makes sense. How do you feel living in Austin? Uh,

It's a little challenging. I'd like to move up north because South Austin is a little far away from everything. Yeah, North Austin is a little more expensive. Pay and survival and stuff. How do you feel? No, I think I do it well for myself. Interesting. Why are you taking out payday loans every second of your life in order to survive and f*** up everything? That's a great question. I think part of it is to have fun. Part of it is I'm just kind of ignoring what's going on. Why does payday loan equal have fun? Um...

You know, I don't have an answer to that. Let's see. Let's try to have some answers on our podcast. Well, okay. Which payday loan specifically? Because there's a couple different ones. Oh, we'll definitely get into that. Oh, okay, yeah. But I just don't understand because you make good money. I do. Austin is an expensive area. It's the most expensive area in Texas in terms of major city. I didn't know that. Really? Yeah, no, I didn't know that. I thought you were going to be Houston. I don't know. No, I mean, you can get specific neighborhoods that are ridiculous, but in terms of like the city, Austin is the most expensive in Texas for sure. Yeah.

Um, so it can be harder to live here. It really can. You don't make a bad income, especially for a single person. No, you actually make a good income and I'm very happy to see it. You've made a great progress in a career before 30. Why would we be struggling?

And you say you're not struggling, but you don't recognize it. I think we're taking out payday loans. Yes, I think I am definitely struggling. You said you were doing like, okay, I forgot the exact phrase you used. Okay, okay. Do people who are okay take out payday loans?

So I do pretty well for myself, but I started way early on. So I've moved a lot in my life. I lived in New York City. I moved to Virginia, Florida, Kentucky, and now Texas. And so I think in that time, I've just been kind of scraping by. How long have you been here? Four years. Okay. I've been here six years. It feels like a lifetime. Okay, the rest of that, cool. But I...

I'm a little confused how all that relates to you doing this right now if you've been here for four years. Not four months, four years. Yeah. So what are you trying to say? I think I've just had a pattern of not really paying things and taking out debts to afford other things. And so why did it end up here?

Again, you do not make bad money. Where does your money go to you in your brain? Where do you think it goes to the point where you have to be borrowing this money? First of all, there's not even a credit card for me to look at. Yeah. You could be putting... I'm not even saying put it on credit cards when you can't afford something. Go put it on credit cards. But if you do, it's like a 30% interest rate instead of payday loans. Oh, yeah. I didn't even think about that. Honestly, I figured...

It's just Quaker money and I'm borrowing from myself. So it felt better, if that makes sense. It's all borrowing from yourself. Yeah. And then credit cards, I've been denied for a lot of credit cards. Good. Yeah, probably for the best. Yeah, I wouldn't want you to use a credit card. No, I think, yeah. And when I have, obviously, I've had one closed before, so I can't pay it on time. They closed, you closed. They closed it. Okay. Yeah. Because you f***ed it up so bad. Yeah. Well, I just forgot to pay it.

And so then they closed it. And then I need to pay. You have to forget to close it for quite a while. For a few months, yeah. And they reach out. Well, I never reach out. And you also have...

mail and apps, emails and phone calls and things that operate in civilization. But it's easier if you just put it over there. Put it over where? Where you don't think about it in the space where it doesn't exist. Assuming it has credit, which is why when you go apply for these credits...

You're not getting approved. Right. But the other payday loans do approve you because it's such a high interest. So I've just been borrowing from myself in that manner because sometimes I can't make a payment at a certain time and I don't want the payment to be late because I don't want it to affect my credit. But the payday loans get paid off. That makes sense. Does it? Yeah, yeah, yeah. Okay. Okay. What I'm still confused about and it's the one thing I always like to know before going deep into the finances is

is what is going on in your life. What you say so far is that I've had a pattern. Okay, but what is going on in your life? What is this reflecting? What is your life? What are you? I think, what am I? Like a demogorgon or like a beast or something? No, I don't really know. If I really stopped and thought about it, I don't think I ever...

financial advice or help. And I've been none of us have. Yeah. I mean, I'm going to interrupt you because everyone says is none of us have. But you have had access to libraries and Google and Internet and YouTube. I've been embarrassed to ask for help. And when I do, it's not necessarily like some prevent Googling. That's true. But, you know, I'm not going to judge you. They'll stalk you. Well, they won't judge you. I have sat down and tried to make a budget, but I don't follow it, if that makes sense. So why not? What do you think? Probably

Probably partially discipline. Financial discipline is one thing. But also, I don't want to let go of certain opportunities like being able to go out and have fun, have a good time. Why is that not in the budget then? Again, you don't not make any money. So why don't you put those experiences and things that you value into the budget?

Why don't you be in the budget? And then you stick to the budget and then you do those things. But you do them in a way that you don't often have to borrow payday loans. I think. Why make a budget if you're not going to follow the budget? Well, that's true. And that's why I haven't made a budget in a while because I haven't followed them. When's the last time you made a budget? Like two or three years ago when I was moving. So I didn't really follow it. So and I think. So what? We just hope at the end of the month we have enough money? Yeah, that's pretty.

You hit the nail on the head. That's pretty much it. And it's not been working well. I think I'm at a point now where I'm drowning a little bit. Why? And I can still survive. Like, I can still feed myself and go to work. Do you even know you're drowning, though? Yes. I mean, you acknowledge it, but do you know to the extent that you are? No. Because you don't budget. You don't look at your stuff, do you? To the extent, definitely not. I do know I'm drowning. I just don't think I am aware of how bad it is, if that makes sense.

um like i see what goes in and comes out and i think i have it what came in probably 48 to five thousand dollars payroll 48 yeah cool one went out yeah what was spending probably i know what comes in i know what goes out what went out probably more like six thousand dollars if i had okay so you actually do know 6100 so if you know then why would you allow that because that's even more upsetting than not knowing well because now you know but you still do it yeah like what are we

we doing? That's just f***ing yourself. It is. No, you're right. But I think the main thing is that I've just spent money to be able to have experiences. What experiences matter more than you experiencing being able to retire and not die under a bridge? There's any...

There's any number of things. Well, let's try some examples. For my birthday, I went to Mexico and I bought like a cheap plane ticket for $300. And I expected that it was going to be more expensive. I spent like $1,000 while I was there. And in May, I went to Detroit to go hang out with friends. What did you do this last month? The month where you spent $1,200 and then you brought in $1,300. I went out a lot with friends.

So the experience is going out, getting a drink. Why don't you get a little pregame and then hit the town? That's fair. I drive myself everywhere. Uber. Cheaper than going out and buying a lot of drinks. That's fair. Or if your friends are going out, get them to drive you. I live in South Austin. I live so far from everybody. And it's like a hassle to come down there. It's like 30 minutes for anybody to come pick me up. And I think that's part of it, too. I don't have a solid...

I have friends, but I don't know that they would pick me up. Then why are you going out if you don't have a solid... I do, I do, but I don't know that they would pick me up if I asked. I should ask. They don't sound like good friends. No, they are good friends. No, they're good friends. They wouldn't pick you up if you asked? They probably would. They probably would. But you can't ask every time. And if I'm going out like every weekend... My friend would pick up Paul Costner. Every weekend? Yeah.

Well, we don't go and hit the bars, but whenever we go do things, we carpool constantly. Okay, that's fair. I think I have to drive to them and then we go to North Austin. Or Uber to them because, again... I don't like being in other people's cars, though. I don't... Yeah, but we're just... I just don't! Hey! People drive crazy. But... Sorry. Just one second, dude. We're literally just trying to... Okay. We're literally trying...

We are trying. I'm sorry. Oh my. Sorry. I'm sorry. I'm listening. We are trying to get you from point A to.

Well, you just got drunk to point B without dying. Yes. So I don't care if it's in someone else's car. Fair. Okay. That's better than you drunk driving. Okay, fine. You always care to drive. So how are you doing this now? I don't drunk drive. No, I... I'm not saying you do. I'm saying let's prevent it. Well, yeah. So, okay, you go out, you spend a lot of money on drinks and you only...

uh you refuse to not drive so how are you getting there and getting back well i don't drink just for like i buy drinks for people and stuff i think that's why uh you're spending a thousand three hundred dollars more than you make a month how can you afford to buy drinks for other people you're buying pretty long i've done it so i've done it yeah via payday loans yes that's so payday loans to buy drinks for other people not just that uh-huh but that's how it's kind of mathematically working out is it not

You knew how much came in. You know how much leaves. And I ask you the experiences this month. You said you guessed right. And you said going out with the friends. Yeah, mostly. So you're going out. You borrowed a thousand three hundred dollars. Probably we'll see to go out with friends. At least in this last month. Net. Yes. This last month. That's what we're looking at. Yeah.

I don't know. I don't know what happened six months ago. What? No, just trips and stuff, I think, have also said. Great. Like savings you put aside and then you spend it. What savings? You don't have savings. I have your savings account. In fact, how about we start with the savings account? That's fun. Usually we save that at the end. Let's talk about savings. Yeah, we're putting money in savings, aren't we? Because we're a big girl. We have a market savings account. What do we have? Oh, 93 cents.

Sorry, that's the total earnings this year. And he balanced 57 cents. Savings, guys. That's what it is. That's what we're doing. That's where money's going. Well, at a certain point, there was money in there, and I haven't seen it. And where'd it go? I think that's how I know. And where'd it go? To trips.

Those are emergencies. You know, not having an emergency fund is an emergency. Yes. And that's how I feel right now, which is why I'm in a place where I feel like I need to. It's interesting that we feel certain ways, yet we do no actions to solve the feelings we have. Okay. That's a fair assessment. Yes. Yeah, I don't have anything to say to that. Uh-huh.

Okay. Yeah. So going out to eat is more important than having emergency fun. Well. Not going out to eat, sorry. Going out and bevving it up with the girls. Well, going out to eat as well, I guess you could put that in there too. Sure. And then groceries. I could probably spend less on groceries, but I like good food. Yeah, I had you at $5.29 in groceries. You could cut back if you wanted to. How much do you think you spent just going out to eat specifically? Probably like $10.

$600? She knows her numbers, dude. It is $609. I'm on it. But that's worse. Yes. That's worse because you know it and you do it. Yeah, you don't have an emergency fund, meaning if anything happens, you have a car, you drunk drive, you hit something. Guess what? You total that car. You're not going to replace that car. Yeah.

You don't have an emergency fund. Something pops up, something medical, family, a trip, a trip because someone passes away. You never know what happens. An emergency is an emergency is an emergency and you don't have a fund and you know how much you spend on going out to eat. You know how much more you spend than brings in. But we say no. Our behaviors say that that is more important than any financial security. Yeah.

I actually did have an emergency recently and I had to take out a pay-to-loan. And what was it? It was, I got a ticket, a speeding ticket. And it was like... After the bar? No, it wasn't after the bar. It was on the way to work, actually. But yes, I got a speeding ticket and I had to take out a loan to pay it off. How much was the speeding ticket? It was like 600 and something dollars. Oh, fuck.

Wow, those are expensive. Yeah. Well, speed, dumbass. I stopped speeding, dumbass. That's someone who definitely doesn't... Well, it's Texas. I mean, everybody speeds in Texas. It's feral out here. I'm inviting comedians on the show, guys. Did you not take the little thing where you can go take a test and stuff? Well, I...

No. Oh, because this is probably the second ticket recently. No, it wasn't. But I just did no contest. Why would you not do that? Well, because I have to get my license. Because I lost it. You lost your license? Yeah. Do you have an active license? I do, yeah. Then what's the issue? Well, I didn't have registration at the time. Why? Because I need to get insurance on my car. You don't have insurance? Yes. But I'm working on that. No, no. You can get it in 30 minutes. How long?

How long have you been working on it? How long have you been working on it? A while. It's really expensive for insurance. It's really expensive. You spend $600 a month going out to eat. F*** you. Yeah. I could probably put that to that. What happens if you get in a car crash now? Because now you're not insured at all. And now you don't have an emergency fund. I drive a lot safer now that I got a ticket. I mean, I'm just saying. I only drive to the bars. I refuse to get an Uber. I got a speeding ticket for going quick and it's a $600 one. Yeah. So...

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the free money because I'll punch you. We spent $600 going out to eat but we're not getting car insurance? A basic legal requirement? Yes. Which I will go do right after this. No, you... Why didn't you before? How long have you been trying? Well, you know, if it's gonna... Oh, come on. Like, a few years.

I think you're what is that? So I registered my car when I moved to Texas and then I can't remember why I didn't necessarily get it done. But then I just I just want insurance. Look, I have a phone call to Google. It's a people incapable of using the Internet. I don't know. I've just never been in an accident. I've never gotten a ticket. It's legal. It's legal. Yes. Yes. Legal issues. That's true.

You're breaking the law. And I don't want to do that. Yeah. When did you get the ticket? A couple weeks ago. All right, dumb. Why didn't you get it in the last two weeks then? I've been working a lot. What's your work schedule? I work five days a week, typically 10 hour days. And then I have two days off. It sounds like you had at least four days off.

Yeah. To Google something. Yes. To make a singular phone call. I did Google and Progressive and Allstate quoted me like $350 a month, which now that- Cheaper than some people have on this show and also saves you more money next time you get a ticket and have to do legal things. That's true. That doesn't feel very cheap though. I wouldn't say it's cheap, but it's cheaper than some people on this show for someone with a ticket. Yeah. On the record. Yeah. For speeding. How much over were you? It was a 35 and I was doing 61, but I had a good reason. Okay.

I had a good, it's a really good reason. Do you want to hear it? Okay. So I, their power went out at work and I was rushing there cause they, they needed my help. So I think that's part of the reason I got out of the ticket. Yeah. Because you could have turned the power on. Well, no, but I'm responsible for facilities and maintenance and operations. I gotcha. No, I gotcha. I gotcha. Cool.

Well, that explains the expensive ticket and that explains why your insurance is so high. Are you surprised? No. Get it. It's been two weeks. You work 10 hours a day, meaning you still have time left in that day. Okay. 14 hours. Well, 16 hours. Well, eight of those are sleeping. Hold on. 18 hours. Most of the time. Well, 18 hours, really? No, I'm stupid. What's happening? What am I doing? Yeah, pull out the calculator. What about 14 hours?

Am I on the right show? Apparently not right now. It's been an interesting day. I'm scared. Okay. That math just terrified me. All right. So six hours a day. I have free time, essentially. Time is five, which I'm not even going to attempt right now, knowing where my brain is, apparently. And then two days off. Yeah. And then it's been compounded over two weeks. Well, the two days off, yes, I had plans. So, yes.

Yeah, maybe your plan should include not breaking the... What are you? You're 28 years old. You manage a whole store, meaning you have a lot of employees that you're dealing with. Why are you acting like a five-year-old?

I've just been ignoring all of it, honestly, because it's been working. How could you be respected as a boss? That's fair. No, that's completely fair. I mean, I'm type A at work. It's just like in my personal life, it's kind of a mess financially. But personal life always affects work. It does, and I think it's getting to, well, I mean, not really for me. I don't think so. Doubt? Doubt.

I bet we could get in there and figure some things out in your work. I bet if we had a camera strapped to you all day, could absolutely, there's going to be a stress that blows over. There's going to be something that's forgotten because there's ticket things in your brain. Oh, that's fair. Yes, of course. Yeah, I do forget some stuff, yeah, because of the stress level outside of work. Well, that's shit. What do you think is happening? Of course. Okay, stop.

know where you think your score is then we're going to dive into this money zero being the absolute worst 10 being the absolute best where do you think your finances are today i want to know your self-assessment where do you think you are we've gotten a good like 20 minutes of just assessing you your personality your thoughts on money so far payday loans are making more sense where do you think you are finances um i would probably say nine being the worst

No, no, no. Zero is the worst. Oh, okay. So one. Yeah, one. Come on. Yeah, sorry. Well, let's listen. Obviously. If you want your Hammer Financial Score, it's free. Link in the description below. And if you want to come on the show, go to calebhammer.com slash apply. I'll give you a little scream, a little punch, a little slap, slap, slap of debt. All right. So this first thing. It's probably the worst thing.

What am I looking at here? We have a $5,269 balance on what? A car. Oh, okay. What's your car? Ford Focus. Black Ford Focus. Year? 2016. Oh, guys, it's a black one. Well, you know. Thank goodness. 2016. 2016. Okay. What do you think it's worth?

I think the last time I did, what is it, Blue Kelly? It was like a $3,500, which I don't think is accurate. It's probably less than that. $4,500 is what we got. So you're probably underwater by about $1,000. Private sale, I bet if you traded in, it'd be like $500 less or so. Okay. So you're underwater. What interest rate is this at? Really high. Definitely closer to the 20%. I think 18 something. 18%? Yes. I got it when my credit was way worse. Okay.

You're taking out paydowns. What are you talking about? I don't know how in the past four years. What's your credit score? What are we considering? Really? What was it? It was like a 570. Why haven't you refinanced? So I didn't know that you could refinance. And then when I did, it was like past the time because somebody said it was like three years. That's the time. No, no, you can refinance whenever. At any time? Yeah. Oh.

Well, I mean, okay. That changes things a little bit. I don't even, would you go through like a- Who'd you listen to? Who'd you talk to? You could go through your bank. Okay. I didn't know that was, I didn't know that I could do that. I thought there was a certain amount of time with the age of the car and the age of the loan and then you couldn't do it. Well, your equity position's bad in the car, to be clear. Yes. I'm under. $1,000, right? Is that right? Which is better than I thought, actually. When did you get this? 2019, I think. Okay. So how long is this term?

Because this is going on forever. We're five years in and you still owe this much money? Yeah, and I still... $306 minimum monthly payment. Oh, sorry, $305.86. So, I mean, I got the car kind of in a rush and...

Simply because I paid off. I loved my Honda. It was a white Honda. Her name was Jane. A white Honda this time. Yeah, it's important. Her name was Jane Honda. And I loved her to death and back. And I bought it off a friend. Essentially, what happened was I got a flat tire. It was parked in my apartment complex for like a week or two. Yeah, I didn't live in Texas at the time. But it had a flat tire. And I didn't fix it for about a week or two. When I finally did go to fix it, my catalytic converter got stolen off of it. Oh, fuck.

didn't work and i had like just paid it off and it was like a little hooptie yeah it was a little hooptie so you know it is what it is i got triple a to pick it up um yeah that long story short i had to buy a car because i had to get to work and i didn't want to buy a car how expensive was this car when you got it because this was five years ago yeah uh i think the loan was like thirteen thousand dollars

If I'm remembering correctly. It's not like the world's, I mean, the interest rates. Yeah. The price is the world. Well, we don't know. I don't know what the value of it was. I mean, you're only, only, well, the thing is, I mean, you're still underwater by about 25% since you're, it's a lower loan and the value is a lower number. Like it feels a little better because it's only a thousand under, and we could find ways for you to get a thousand, you know, easier than 10,000, but it's still a substantial inequity equity percentage off. Yeah.

Okay, sorry. $306.55 minimum monthly payment. How long? Oh, through 2026. So we have two more years. Yes. Two more years. Hopefully less.

Well, okay. How are you going to do that if we're taking out payday loans that go out? Hopefully less. Well, you know. Hope doesn't get us there. I do get bonuses. That's what everyone does on the show. No, I get bonuses. You've been getting bonuses. That's true, but I've had little emergencies come up, at least in the past year. Which means you will always have little emergencies come up. Welcome to life. That's why we have emergency funds, so your bonus can go paying off debt. Why do you think life is all of a sudden going to be different? Hope is not a solution. There's nothing wrong with having hope. I would rather you have hope than just down, down, down, gloom, gloom.

But hope doesn't get us there. A plan gets us there. Actions get us there. Well, it's got me this far. What? Payday loans that we're about to go through? 18% car debt of stupid? Yeah, that got us here. Great. Wonderful. We're 28 with no savings. Sorry, 50 cents.

Well, there's something in there. So, I mean, come on. That's not funny. It's not. That's not funny. That is scary. You don't understand. You don't understand how much that can your life today. If something goes wrong in the wrong, you don't understand just how bad that can get. This can get you into some of the worst debt you have ever had. If something happens that you cannot get out of.

and you don't have insurance on this car, you need to drive. You need to drive with where you are in order to get to where you need to be. This car, something happens, you're going to crash. Maybe it's not your fault. It doesn't even matter. It could just break down. Someone steals a converter. Who knows? Who knows? That happens. What do you do tomorrow? How can you? You're not qualifying for credit cards. So your debt to income is probably shit. So who is approving you for a loan to get a car, and you can't get a 50-cent car? Fun fact.

So what are you going to do? You don't, you can giggle it off. Maybe it's a cope one. I will hope it is like many people on the show have, but 50 cents in savings is not a laughing matter. Your life is at such risk right now. You do not understand how scary this is. You do not understand. No, I, I, I get it. And recently I just started talking to someone who has a perfect credit score. So I'd really like to not, uh,

mess up his credit as well so wait married not married no but i just started talking to somebody and it kind of how would you mess up their score well if we do get married in the future oh talking by dating by the diddle diddle it was like a wake-up call to say like if i get in a partnership with someone and i had a perfect score well how many of you guys been dating well you guys don't like combined score what do you genuinely thought you share credit scores if you get a loan together you're married you can get on loans together you don't have to

You don't absolutely have to. There's a lot of advantages with marriages. It's still important to me. I mean, I still want to get my together. This is huge for financial audit. For a year now, my team and I have worked with experts to create what I truly believe are the three best educational programs in the financial space online. We have our budgeting program where I teach you how to create, manage, and revolutionize your budget and control your money. And then there's the investing program where I teach you to define

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Listen, how often do you get these bonuses? Four times a year. Okay, so what do you plan to do with your next quarterly bonus? Is it going to go towards that or is it going to go towards a trip like your first bonus this year to Mexico? No, no trips next year. Are you sure? This next...

I would love to go to the Bahamas. Oh, good. Yeah. Oh, sure. I don't know that that's a possibility, obviously, where I'm standing right now. Everything's a possibility. This is more that. You've done it before. I have done it before. What are your bonus amounts? Is that incorporated into your 78 or is it on top of that? It's on top of that. You make so much money. This is great. You do so well, yet you're f***ing it up. Nice.

Yeah. How long have you had this job? About two years. What are the bonuses? I get about $1,200 and then in December I get a little bit more. That's great. Two to three. How are you throwing this away? Okay. And how long have you been dating this? Six months. Okay. And it sounds like you're thinking more future. Yeah. With this person. Good. Love it. Don't bring this kind. This is the kind of shit you bring into a relationship.

Well, I don't want to like my financial situation. Yes, because once you guys are a partnership. Yeah. Unless you guys are completely separate, which is weird. And we've had people that do that. But he's going to feel some obligation to take on this. I actually didn't tell him I was going to do this because I'm so embarrassed about.

I mean, he showed me his credit score. This is damn near perfect. And like, I, I want to say like, can you help me understand my finances? But I don't want him to feel as though he should be honest though. What, what is hiding it going to do? That's not going to do anything. It's going to be worse in a year. I could probably get it together. Yeah. But what's you guys have been dating for six months. What is hiding this doing? That's not benefiting anything. That's worse. Probably. That's fair. I mean, he does pay for a lot of stuff. And so that's helpful. Like he'll pay for it.

And yet you're still taking out payday loans. Oh my goodness. He's paying for things yet. We're spending 1300 more than we make, even though we make really good income. I like twice a month. Okay. This car. We'll think about this car. Okay. We'll see by the end. All right. So I, I must like this. This is your credit. You didn't print off statements. I must have your credit. Okay. So what do we have? Oh, what is possibly happening? This has a balance of $441. Okay.

Why are we four months past due? It's so stupid. That is so dumb. You can immediately. What is this? What is this? So is the card that closed with my bank. I just forgot to pay it for a couple months. Dude, it's not even significant compared to your income. You could.

this how much is your rent uh 16 to 1700 oh that's actually quite expensive why'd you do that well because i wanted to live by myself well i had to live by myself you can live by i have well

people that live by themselves for cheaper well that's you wanted to live in a place you wanted to live well sort of i wanted to have a second bedroom to be able to like host people and have like an office area and so but it is a good price for our grocery store job notoriously worked out of a home i i could pay that off you're right but i figured it's such a small amount that is what are you this is killing your credit is it that bad i figured that what are you talking

just had 147% of your accounts limited. If you're doing that, that's f***ing your credit utilization. Then you're reporting missed payments. Not only that, but you had missed payments in February and March as well. Then you started making out for the next two months and then you just, for four months, you're like, f***, it doesn't matter. It doesn't matter. You want to go into this relationship and you guys might go on a loan together and get a house together, but

Not with your kind of credit. Right. They're going to see this history and they're going to be like, you as they should, because you're not responsible with that. You're not responsible. You're not a credit card person. No, I'm not. No. And you know, I don't really feel the need to have credit cards because I've had the payday loans. This is just all going. What a statement. So what a statement. But the cost of a payday loan, if you pay it back right away, it's like $20. I mean, you haven't started to pay on the current one taken out. Which one?

I don't know. This is the current one taking out you. Oh, we're getting to it. Yeah. Okay. Yeah. We'll get to it. You haven't started yet. So, well, it pays off on your paycheck. Like the day you get paid, they pull out the money. You have auto auto full. Yeah. It just pays it off that day.

And so it's been like this vicious cycle where... So you do it every paycheck. I kind of had to and I think that's where I'm drowning. But if you just cut back $600 one time going out to eat in a month, you would have fixed it. I did and then I got the parking ticket or the speeding ticket and it was just like... Okay, so that happens. Do it the next month then. That's what I'm going to do but...

but it just feels like every time I reach... It's not what you're doing. Well, it's not what I'm doing, but every time I reach... I have your spending statement and oh, they are pages long. So I don't know what the f*** you're talking about. You're bullsh*** now is what you're doing and I don't accept bullsh*** at this table. Okay, that's fair. Uh-huh. So why trying to lie to me? Don't do that. That doesn't get us anywhere. No, it wasn't a lie. No, come on. But you said I'm going to try that next time. No, you're not.

No, you're not. I have your damn statement. And you, it wasn't the parking ticket. This is your last damn month. You spent $600. So why put a good place you want to get? And I want to see you get, and they want to see you get if we're lying to each other. So don't bull me.

For sake, you're four times. You're going to pay this off less than you went out to eat. But you're like, no, I would rather destroy my credit. What is the point? This is money. You sign a contract to borrow. You don't feel obligated to pay it back in any way whatsoever.

I guess that's where... Yeah, I guess that's what that means by my actions. I just haven't thought it was... What do you think in your brain? I thought that it wasn't affecting my credit that much. Missing payment and overutilization? Do you look... This is... Do you...

Okay, this is just another one of those things. I feel like I'm on this trend right now of just the, you have access to so much information. You don't think this is impacting your credit. If you are in the world of credit, why have you not looked at what impacts my credit? Also, this would tell you that it impacts your credit. What account, what app are you using? What is this pulled from? Credit Karma. It tells you.

It tells you what's impacting your credit and it tells you usually next to what items or what category in your credit score are they being impacted. So it literally is a cheat sheet right in front of you. It tells you if it's a high impact, medium or low. You're just, you're at that point. I'm sorry. That's just stupidity. That's just stupidity. That's not laziness. That's just dumb because you're not looking at the damn app that you pulled this from. So when it closes, it hurts more. Well, this is probably going to get sold to collections relatively soon.

If you don't pay it off, I'll pay it off before it goes to collections. You might get like a 30-point hit in your credit score if it gets sold off to collections. Oh, okay. This is in their internal collections as far as I can tell now. It's going to go to collections before you know it. They're going to feel like, oh, I'm not getting my 441. Let me sell it for pennies on the dollar, and then they're going to try to fight to get it. They've been calling me, yes. Yeah, but pay it now. Okay. No! How much is in your checking account right now? Like $78. Okay.

How? You make too much money for that. How possibly? Oh, wait. I know because I've seen your checking account. For f*** sake. Okay. This probably still has a minimum monthly payment. What is it? I don't know that it does. It used to have like a payment. Well, right now it's at $2.51. That's what's owed. $2.15 because it's back multiple payments. It's probably something like $49. Okay. Okay. So I'm going to put that in.

If you at least start making it on, they won't sell it to collections. Just make a damn payment. Okay. Very. Okay. Okay. I,

I see. See, I have a Capital One with $81. It says it's active. Yes. Actually, I do. I'd have that credit card. Yeah. But I just recently got it not too long ago. Show me. Pull up the app. You didn't send a damn statement. We ask for statements of every account. Come on, guys. Yeah. If you're a manager, you give out instructions. How can you not follow instructions? I just recently. I don't even use it that often. Well, it has a reported balance. Yeah, it does.

Sure does. You're not a credit card person. If you're going to use a credit card, use it like a fizz card. It's a debit card. It builds credit. Use one of those. Okay, this. Okay. What do you want to see? The transactions? No, why don't you just give me access to the app? Little, little afters, huh? Huh? What do we got? What are we looking at? Take a drink. We got some gas. Oh, we got Schlotzky's just a couple days ago. Day before that Panda Express. Guys,

Poor Mr. Jacob over there. He went through all your spending. Fun fact, Jake, it's probably twice as worse. No, it's not been open that long. You're spending every day, though. Then we got our nails did. There's your interest. Amazon. This is constant. Pizza and rolls. Dreamer. Hotel Vegas. Holy smokes. Is there a single person on the show that does not have a nicotine addiction?

I'm going to die. What is your preference for your consumption of the Nick? I just vape, but it's only when I'm drinking. Like it's probably after a night of drinking. Yeah. Certainly a lot of money at the place you work at.

I know. And you know what? Those are not grocery shopping type prices. Those are like we're stopping and we're getting a little snack or a sweet treat. Not sweet treats. Oh, you're kidding me. What kind of snack are you getting? What are you doing? This is like multiple times. This is endlessly. Grocery, grocery, grocery, grocery, grocery. But they're not groceries. I'm there all day. Yep.

All day. You don't think people that go to their jobs are at their jobs all day? I've been here all day so far. What do you think I did? What do you think I did? I had a little protein bar. A little protein bar that we pre-ordered instead of me going and buying lunch. That's fair. There's also a culture too at the store where everybody wants to like go out to lunch and I need to just say no because everybody's been like, oh, let's go here. Let's go here. And if you don't do that, there's a little bit of like...

I'll sure just, I'll sure just, I can't say the word. Hey you, look at me. My job is to sit right here and be the absolute stunning figure that I am. And some things I can't help, like my incredible ass, which is why you're all here, of course. But also some things are in my control. For example, the pearly whites. I yap a lot. Some would say too much. And I get that, but listen.

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that lactates from my i love it i love it i can afford it yo so oh 264 dollars on here available credit to spend ladies and gentlemen 35 dollars it's maxed out kidding me great and you couldn't even send a statement so you probably didn't even know how much is on here 264 dollars and 10 cents what's the minimum monthly payment oh guys it's like 30 bucks

I don't pay this much. Auto pay is set to off. Well, I pay it every time. Yeah, but guess what happened to the last card? Guess what happened to the damn last card? That's fair. That's fair. That's fair. We had four missed payments, or we had two, and then we made two. And then the account became closed. What makes you think you can use this card? You can't. You don't know how to use credit cards. You're not a credit card person. Why would you do this to yourself? Why would you do this to yourself? I...

At least have the auto pay on. I would love it if you've paid more, of course. But just have the pay on. You need a credit card for your credit. Huh? You need credit cards for your credit. You don't need a credit card for your credit. It is beneficial if you use it correctly. But guess what? You have a closed account with utilization at a million trillion percent because it's over the balance on the last credit card. And this one's completely maxed out. So I don't know what benefit you think this is having. Your credit is going against you. You're not utilizing it. It's utilizing you for money. Okay.

I paid on time. So far. We saw what happened with the last one. Okay. We saw what happened with the last one. Okay. 25 is the minimum. I usually pay it off in full, though.

whenever i get paid no i had interest accruing as i looked at the transaction so that's incorrect so you don't even know that so you're incorrect about that so set it up on autopay because you don't know you can set it to pay off the full balance probably most cards allow you to so you could just damn do that if you're gonna pay it off in full every time for sake oh oh

Also, you spent almost like a hundred bucks plus like that. Twenty bucks at the smoke shop. So it can't just be for drinking unless when you drink instead of sucking, sucking down vape. No, no. I mean, there's other things at the smoke shop, like little trinkets and sweet treats that I'll buy. It's a very nice little sweet treats at the smoke shop. They have like drinks and stuff and cookies and.

Special cookies and drinks? No, no. Gosh. Then why are you getting it from there? Go to the grocery store. Bulk. You work at one. Yeah. You work at one. Bulk. Bulk. Bulk. Ed Financial. Student loans. Oh, yeah. You went to school? Yeah, I did. What was your degree? I just have my associates. I have...

I never got my bachelor's, but I have enough credits for two bachelors. I mean, look at you. I mean, you have a great job. Your finances are from your own choices, but you have a great job. So there's nothing wrong with that. I don't give a shit about

what piece of paper you have. I care about what you accomplish in life after that. For so many people, their life is so sad that the ultimate accomplishment in their life is what they did between 18 and 22. No, you're actually going and accomplishing more than many people do afterwards. So you're the real winner. Right? Their lives are sad.

they're in 60 if you look at my financials though my life well this is sad but in terms of what you're actually doing no no what you're doing and accomplishing is great people are like in their 50s and like all they look at is their degree and that's their pride and joy of their life instead of the decades of accomplishment that you could do by going out there and getting done you're going to get it done you're being stupid with it but you're doing great in your career yeah okay that's always been true

Good. Let's utilize it correctly. $4,804 is owed. Probably all low interest. What's the minimum monthly payment on those student loans? I don't know. Are you paying towards them? They were $3,000 before. Why? If you're on some income-based thing, I'm going to be kind of upset because you make a good income. Income-based thing? I don't even know what that is. Then why wouldn't you be paying on them? What's the phrase I'm looking for? A choice? A moral choice? Yes.

I just thought when nobody else was paying them off, I thought that's what we were all doing. And then, you know, now I have more like I was. You are a toddler. You are a toddler in an adult body managing people somehow. What kind of they're going to garnish your wages. They're going to get their money through a worse way. They're going to take it before you see it. Okay.

I don't know. What are you? Why do you think that you are entitled to that? Not entitled. I just didn't want to. I just figured nobody else is paying it. They would. What do you mean? Nobody else is paying. We're all paying. Oh, that's what I'm talking about. During COVID, there was a pause. Girl, we've been paying for over a year now. I kind of stopped after that. Honestly, that's not a choice. Yeah.

I mean, it is. It has been a choice for a little bit. And interest is accruing on a balance that isn't getting smaller. Meaning you're going to owe more.

Oh, why would you do this? Wouldn't want to do that. Oh, that's such a child move. I don't get it. Oh, I don't dislike you as a person, but that is such a childless move. That is like so beyond immature. Like, I don't even know. Like, I'll make jokes all day. I love a good little immature, like stupid little boy comments. I love that. But this is what an actual immature individual does. Your actions, your what you're doing in the real world.

This is crazy. Everyone else is not paying out of the sudden. I'm not going to pay. The rest of us have been talking about. How do you not even know? It hasn't been a problem up until now. Well, you know, when it's laying out in front of you, it looks like a problem. But that's what I started off saying is just kind of putting it off to the side. And, you know. Oh,

You are so irresponsible. I've just been focusing on paying off the car. Like, that's basically what I've been focused on. You're paying minimum towards your car. Yeah. That's your focus is just making a minimum monthly pay?

If we focus your income for a few months because of your income, we could pay off your car in damn six months probably. So I don't know what the f***. You don't know. You are bullsh***. You're bullsh*** yourself. I don't even think you know you're bullsh***. You are so far gone down this mentality. Oh my f***. Oh my f***. This is...

I didn't think this would be your conversation. I really didn't. But then again, you have to have a certain personality, certain mindset to take out payday loans. You have to. So this actually does make sense. I didn't think this was going to be this conversation. I thought it started relatively pleasant. Again, it doesn't mean I hate you. No, I mean, I've just been ignoring it. I think that's the big thing going on to live my life.

And now I've reached a point where I have 57 cents or 97 cents in my savings and I don't know. 57 cents would be exciting. I think it's 40 something. Okay. Okay. There's your car. Yep. And then flex is $0. That's something you use often. Rent. Rent is rent. This isn't rent. This is something you use for rent. Yes, exactly. Do you ever use it? I use it every month.

Oh, my. What's the fee? It's like $15 a month. Why? Why pay $15 extra for your rent? Because it cuts it in half and I get to pay in the middle. You shouldn't have. Oh, okay. Okay. Listen, listen, listen. My ears are on. If we get kind of, I think, I don't know, maybe. If you have to split rent in half with your incredibly powerful income and bonuses, you...

need to go through our budgeting class immediately you need to learn how to build a budget manage a budget construct it review it go through all of our education take the quizzes same with our debt class eventually take our investing one as well you get them all for free because you're a guest on the show and we want to give you the resources we wanted to see you succeed like many in the follow-up channel have you have to though if you have to split your rent you need to take our budgeting class immediately i make a budget at the end of this

But you need to learn how to budget. And that is the best way to do it. All of our programs are bundled together. Best online in my legitimate opinion, because we've taken almost all of them out there. They're all bundled together for 25% off. I recommend them. But you get them for free. You better use it. You're paying. Oh, I can't believe you're doing that. There's no reason someone in your position should be flexing.

What am I looking at here? Transactions of what? What account is this? Let's see. This is going to be the payday for Dave. Oh, I am. Oh, sweat. My gosh. What are we doing? Surviving. Dave, you're not. You're kicking it down the road and you're hoping that you make it in the end. That's a fair assessment.

You said that like 10 times. I've done it up until this point. I think now I'm, I just want to get more serious. I'm almost 30 years old. I want to get to a point where I'm not just ignoring all this and putting it off to the side. Listen, no, you, you might have that once. And this is what I tell everyone. Cause everyone says that it makes it easier to get out of this tough conversation. Listen, you might have that one, but you clearly want to go vape and smoke and you clearly want to go out to eat and take vacations more. Yeah.

You clearly want to go buy lunch every day you're at work more. You might want to a little, but you care about those other things more because that's where your actions are. That's where your behavior is. Your proof is in the numbers, in your spending. We've gone over some of it already, and we have a massive spending statement here in a little. Okay? So you might want it, but that want is like a .5% want. Okay? So let me know when you're really serious and done bulls**t.

So for Dave, what are we doing? Dave? Great fee, fee, fee, fee, fee, fee of the fee fee for life. Cause we're just spend, we're just taking fees, fees for our money. You, your money put in that Marcus account or like a better one, like so far or something. You take that.

Take it or you put it in the stock market. I open up my brokerage. Moo moo. Okay, beautiful. I'm but no not even just the I was gonna do like an sp5 500 example this $600 that you take out put in your moo moo.

If I'm not mistaken, for like the first three or six months, it's like 8% on your money for just letting it sit there. That's my investing app that I use. Oh, I'm so sorry. No, it's okay. No, that's fine. I'm just... Huh? No, no, no. Sorry. I just... If you put that money in, I think you get like 8.5% on your money. It's incredible for six months. Instead, you're taking it from Dave and paying them dollars for that $600,000.

You're losing your money on your money. It makes no sense. Your money should be working for you and making money, but you're literally just giving Dave money for your money. Yeah, me and Dave have been homeboys for a while. And then you flex rent. Everything you do is some stupid paying extra. You're losing money on your money, which is so rare. You're losing more money on your money than just inflation. For fuck's sake.

So what's on the day of right now? 600? Yes. And that pays on payday. And then you immediately take out 600 the next day? Not usually. It's if I have like a bill that week. But what do you do? Because you say you do it for every payday. Well, I try to not, but sometimes I'll need it to pay a bill earlier. So like if my... How often do you do it then? Come on. Payday is two times a month, right? Two or three times a month, maybe. I have four times a month I get paid.

Oh, you get paid weekly. I get paid weekly. Yeah. Okay. So it's every other pay to buy weekly. Sometimes pay the bill on time. Let's get ahead one damn time, dude. It's the money you spend going out to eat from not even the other credit card. We already looked at. So now we know you're spending money going out to eat is even more. Okay. Wonderful. So,

Literally one month of not doing that. A single month sacrifice in your entire life. And you're done with Dave. One month. And you're done with Dave. There is no reason not to. No reason. That's fair. I was almost done with Dave. And then I got that stupid ticket. I know. But also, again, I said stop. I specifically said stop bullshitting. Because again, it wasn't just the ticket. You still spent in your most recent freebie.

Statements, $600 now probably close to $700 going out to eat. So it's not just a ticket. You still spent the same amount of money that would have taken care of Dave. I didn't realize it was that much. Well, it is. So stop with that. Emergencies happen. You didn't sacrifice in order to have enough money to...

Wait, you said your little savings went to the ticket. How much is in your savings? Well, no, I didn't say my savings. Yes, you did. Like emergencies have gone to. My savings have gone to emergencies. Yeah, like anytime an emergency comes up. What's earning? Is that another Dave? But it's a smaller one. We're multi-daving. Just getting a train ran on us by Daves. I don't even know what Dave. We need to get Dave Ramsey in line. He'll fix that shit.

Can I add something? What I would like is to know what to pay off, like mostly first. Of course. In order. We'll get there. Yeah, okay. We'll get there. We'll do that at the end. It's okay. We'll do it at the budget. I'm just trying to get your entire situation written down and assessed and understood. That's fair. Your student loan minimum payment, mind the way, we didn't add a minimum payment. I'm guessing it's about $60. Nothing crazy.

Okay. So this, you're borrowing like $50, $150 and you're getting like, what tip? Why is there tips? You're tipping them? Like a dollar. It's like not. Well, why are you tipping them? No, but why are you tipping them? I have a habit of like over tipping. I tip. No, no. Why are you tipping this? Because they put the little sad thing on the screen. They're like, you should tip us. I don't know. It's a pay, a little micro payday. That's like a little, you're tipping the payday loan people. They do ask for a tip. No. I've,

Oh, I don't usually tip. That's I want to be clear. That might be the dumbest thing that's happened on this show. That's well, I will wear that crown high, I suppose. And that's hard to beat. I imagine at this point, this many years in this many episodes a week.

Well, that's impressive. This is especially bad. The borrowing this month, I think, because it's been October and Halloween and. Oh, I can't. I'm just being honest. There's going to be there's a Halloween. There's a holiday every month until until spring. Right. Summer. That's not accurate.

Halloween every month? Holiday! A day that is a holly! That's fair. For f***'s sake. Jolly. Unlike my finances. Stop f***ing tipping the payday loans, people, okay? Okay. Alright! Hopefully I don't need to give them any of my money sooner than later. Why are you tipping? Because it's on top of like a million percent interest fee immediately. I just don't understand why you do it to yourself, man. I really don't.

I don't get it. So how much is currently owed to earning? Um, uh, probably like a hundred dollars. I think I paid it off. Actually. I can pull it up, but I think I paid that off already. You better not. What's the frequency of your borrowing? Uh,

I mean, on October 31st, we had 50, 150, 150, 150. Yeah. Like I said, October was especially bad, but usually it's about once a week. I'll borrow like $100 or $150. And typically it's just to be able to like groceries or food or gas before I get paid again after paying all my bills. Is that all your debt? How much do you owe to them again? To who? Earnin'. Earnin'. I think I paid that off. Okay, so it's done? Yeah, earnin'. Delete it! Oh. Your account. Yes. Okay. Okay.

So that's all your debts. Yeah, that should be it. Okay. Sure. Oh, well. Oh, for f*** sake, what? Actually. What? There's always why. It's bad. Oh, good. It's not terrible. I can pay it off. What is it? Because they don't even know because it's not in here. What is it? Well, I said it like the last. Hey, what is it? So I took out a loan because I was. Let me just explain. So I had a tattoo appointment. Oh, for f*** sake.

But it was like six months in advance. I got the first one and I paid off the first one. And then the second one, unfortunately, I had something where I had to pay something off. So I took out a loan for the second session. But it wasn't necessary, but it was something that I wanted to get because I had like two really bad tattoos. Okay, so you borrowed for a tattoo? Yes. How much? $1,200. And to who? It's like one of those payday loans. Oh, $1,200.

loan for a payday loan for a tattoo a tattoo payday loan that's really nice what's the shut the fuck up what's your minimum monthly payment you're what is that yes well it's a cover-up great it's a tattoo okay i've seen a million yes congratulations underneath it were really bad though and i had them for so long you have a little swastika no it wasn't a swastika it was just like stuff i got when i was really really young and i got one for a friend of mine and you know then we didn't need to borrow 1200 to get it now what's the minimum payment on this 1200 i haven't been paying

I have not been paying. What did you do? Like two months ago. Who paid it? Why? Okay, so when I... Why? It's a long story. I can explain. I thought we were done. I legitimately did. Oh, you can explain all day. I just thought we were done and now we're not. What? What? Well, I lost my card and then to get the card on there to make the payment, it didn't work. So they wanted me to come in person and then I just never went in person. Why? Why?

answer why in your brain have you not gone why have you not been a adult all things not paying on your student loans not getting your damn insurance not taking the little quiz for the ticket oh why why why and then this why just why i can't do it i want an answer i want any kind of insight into your life if i don't know

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Your future starts right now and Course Careers is here to help you shape it. You are not. You might be stupid. I don't know, but I'm assuming you're not completely stupid. You've done good in your career. You've done well. Let's use proper English. Okay, so why to your own personal life are you yourself? It's not to forget it because you know it doesn't work.

gonna work like that it's been working up until this point and honestly how it's not I haven't it's not working I've moved multiple but it's not working I've lived on my own since I was 17 and I like haven't needed you've pushed it down the road but it's not working and now like you said I mean you were a little

wrong about what you think impacts the the boyfriend potential husband but what does is if you guys try to qualify for loans together like a mortgage then all of a sudden this debt doesn't well i mean there are technical things for assets and whether or not what things become his but even still let's just pretend none of it's you know an asset or anything and he's like he will feel like he

You guys are a couple and you're taking on the debt together and you're burdening him with this. I don't want to do that. So it's not that you've made it by kicking the can down the road. You've kind of come to a boiling point and you're going to someone else and your relationship up. Damn, that's good. Yeah.

No, that's accurate, actually. No shit! It's just been me. Like, I've just been surviving by myself, and now it's like I have somebody else to worry about. I don't think you know what survival is. I mean, I've been surviving. Dude, you've kicked the can down the road. You haven't been. For fuck's sake, you don't even know what the minimum monthly payment is. I don't even know how to incorporate that into your budget. I could put my next bonus to it. I don't know what your payment is, and what's the next bonus? Uh, the end of this month, November. Fine. Fine.

Do that. Just put the whole thing on it. Just do it. Just kill it. I'm sure interest and fees have occurred. Yeah, probably. Why do this to yourself? You've overdraft, had overdraft fees of $370 this year so far. That's not terrible, is it? Are you f***ing kidding me? $300 in a year? What are you? In a year. This is why you think you're surviving because you don't know what just even being halfway decent looks like. Zero overdrafts is what we consider okay. Okay.

Overdraft not having enough money in your account and you're still spending money? No, that's not okay. And that has to be... What? Overdraft is like 40 bucks a piece usually? Yeah, it is. Okay, so what are we doing? What are we doing? Overdrafting 10 times? 10 times in a damn year? What are you doing? Your average is not pretty bad. We just completed the 10th month of the year, so you're overdrafting once a month on average?

No, that's not okay. You make too much money to be overdrafting. That's so stupid. $147 and checking it out at the time of this. It's all bull. Are we surprised? I don't think we're surprised for a single second. Let's see. Is there a line in here? That's not bull. Yoga. We decided yoga wasn't bull because it's good health. Other than that, literally everything else is bull. Okay. Happy bow. Water burger. Summer moon. Uber. Smoking it up.

in Uber. Guess what, guys? We don't like to take other people's car because they drive crazy. Well, we're Ubering everywhere. Good. Well, you never really know. Concourse, the Concourse Project. Venmoing money out. Probably to go get food. Ten bucks. Venmo. Thirty bucks. Venmo. Twenty-one bucks. Summer moon. Summer moon. Runway standard.

Subscription. Mid-journey. We're paying for mid-journey. What the f*** are we doing? Well, that's my thing. I like... You know what? I'm not even going to bring it up. You're right. I don't need it, but... There you go. Amazon. Loop and Lills. The Concourse. What is the Concourse? It's like a club. Like a music... Well, you're addicted to it. Stop. More of the Concourse. Amazon. Concourse. Amazon. Concourse. Smoke, Smoke. Sheen. Taco Bell. Dunkin'. Tomlinson's Feet.

Going inside, getting some bullshit properly. Oh, that's my cat. No, Thomas and Speed is my cat. Well, you also went in and got some bullshit from 7-Eleven after that. Juice Land, Ramen Tatsuya, Gas Smit. That's fine. Rose's Cafe, went in and got some bullshit. Bar Partners Games, Chick-fil-A, went in and got some bullshit.

Courtyard, Weirdo, Concourse, Concourse, Cancourse, Canteen, Canteen, Canteen, Buddy's Burger, Juice Land, Golden Nail Lounge. We went there again. We just went there. What the f*** are we doing? Panda Express, Load Off, Fanny. Gosh. Smoke Smoke, Juice Land, Emerald Tavern. That place is sh**. Sheen, Venmo, huh? It's a friend's birthday, but... Well, there's just a... Is there a better one? Yeah, right down the road. It's ten times better. Okay.

Venmo payment, Venmo payment. The food is just so bad. That's all work. That's really all work. Like eating with coworkers. Emerald Tavern? Not Emerald Tavern, no. That was a friend's birthday. Point the mic towards your face. Point it towards your face.

There you go. Listen, there's a better version down the road. I forgot the name of it, but it actually serves edible food. Oh, okay. And it's much more comfy. Yeah, the food was really bad at Emerald Tavern. Emerald Tavern is literally horrendous. I don't know how they survived. Okay. McDonald's, McCoy's, McCoy's, Roja's Cafe, and Tortilla Steam Games Ace. She's a gamer! Yeah.

Stop! You already own games. Summer Moon, Spotify. We can listen to ads if we're spending $1,300 more than we make on a single day basis and we're borrowing payday loans for tattoos and we can't pay rent without using a damn thing. Okay? The courtyard that I call that, that's a concert venue, by the way. Summer Moon. Taco... Mr. Taco Mexican. Oh, I thought it was...

Middle Eastern or something, Mr. Taco. Okay. Mood Amp Hit. Panda Express. Moody. That's more concert, concert, concert. Mr. Taco Mexican. Summer Moon. Beijing Walk. McDonald's. Yeah.

That's all work. It really is. What are you talking about? What are you talking about? What are you talking about? Like summer moon. Then why are we having all the grocery store purchases on that other card that you say are getting food? If the other stuff is going and getting lunch with food, then what are you doing with the other stuff? Then we're getting double food every day. We're at work. Usually I'll buy for my coworkers. Don't. Don't. They make money. It's like I've already set the expectation. It's like a weird place now where I can't be like, no, I don't want it.

Over here. Listen, the thing is, them, you are borrowing from Dave and earning and all that stuff. You've set the expectation. Guess what? You've set the expectation to flex that you're going to be giving them fees to pay for your rent. Let's stop that expectation. Let's stop both. Let's stop all these stupid expectations. No more expectations. You don't make enough money.

It's as easy as that. It really is. It's not even a hard conversation to take, guys. I looked at the budget. Can't really afford things. Maybe I have cancer or something. I don't know. Make up something. I don't give a fuck. Do whatever it takes. Just stop. Just stop. I'm getting engaged maybe in the next couple years. I want to save up for a wedding. Okay? Literally anything. I don't care. Stop it. Okay?

My voice hurts after this. This is so stupid. This is stupid. And stop the expectation of tipping your payday on people and everyone that f***ed you over, okay? Yeah, that's... No more! I can't believe you do that. I can't believe you do that. No. I can't believe you do that. I'm about to make a budget for you. Before that, I'd like to ask you a few questions if you could. Oh, God. That's... You know, I deserve that.

And the thing is, is I would click 20% even when I shouldn't. And if they're really nice to me, I'll do 25. Total income, 4,800 bucks, right? Plus bonuses sometimes. That next bonus is going to the payday loan. Got it. Okay, so I'm crossing that off. That is what is, it's not a single cent anywhere else. That is what it's happening, okay? Your debt payments outside of that, $440.55. That's your debt. What's your rent?

$1,600 to $1,700. How do you define it? Utilities. It's all combined. I'll call it on the upper end then. $1,700. Okay. Does that include internet? Renters insurance? Everything, everything? No. Internet, $100 a month. What kind of internet do you have? Spectrum. And they're terrible. Yeah. What else? Does that cover all utilities? What else did you ask? Internet? Electric, gas. Electric and gas are included. Renters insurance? Yes.

renters insurance you know you don't like having insurance no i don't have renters do you pay for it separately i do it once a year okay that's fine phone bill hundred dollars why is it so much you own your phone i i don't own my phone now well who do you have at&t

And that's $100 a month? Yeah, well, the bill is $50 and then I guess the payment on the phone is $50. Is that a lot? That's owing on your phone. Yeah. Oh, you asked me if I own my phone. I said I owe. Oh, or I don't know what I said. When you're done and you pay it off, switch to Helium for $15 a month. It's cheaper. Same towers as T-Mobile. T-Mobile towers are the best towers in Austin, by the way. So there you go. Oh, that's good. Okay, but it's $100 for now because you've got to pay off that damn phone. Which is like 10 more payments on it.

Gas, vroom, vroom, drive, drive. How much? I honestly don't know. Probably $300 a month. I drive really far for work. Okay, we'll do $300. Car insurance is going to be $350? $300, $350, something like that. $350, okay.

TP fund. Anything else you need to survive? Makeup, nails, all that good stuff. $100. Groceries, $300. Use on your meal plan. Cook twice a week. Prep, prep, prep, prep, prep, prep, prep, prep, prep. I'm good at that. Okay, then do it because you spent more than that. $100 on nails. $100 on nails. Do your own nails. My friends do their own nails and they look fine. I get acrylics. Huh? I get acrylics. Don't they do that? It's like... Don't they do that? That's what they do. It's like $100 a minute. Where do they go? Can I get... They do it at home. Acrylics? I don't think you know what acrylics are. Are you asking a man?

He is getting married to her. Oh, and she... Well, you have to like learn how to do it. And he's passionate. That's like a... It's like an art. Oh, we'll bring Jake in and he'll fight you in the post show, okay? Okay? We'll come... We'll bring in our... It's like $130 a month, I would say, for nails. You're not doing it! It's like you're taking out payday loans. I do... Your priority is to...

Is there even a point in making this budget? No, yeah, there is. That's the one thing that I didn't want to do. Medical health care, like that. You got co-pays? What do you got? Medications? $50 a month or a week. For? Medical dental vision. And then I have... Well, does that come out of your paycheck first, though? Yeah, it does. Co-pays, like that. Oh, nothing medical. Yeah, no. Okay, gym? Gym is...

uh yoga so a hundred dollars if i do it monthly but like twelve dollars if i do it every session but i've learned recently you can do less because it's what do you how much the budget dude please a month yes let's just do a hundred because i mean okay probably just go cheaper but whatever okay you have any pets yes what a cat how much for the food

uh twenty dollars every two weeks forty dollars okay you have pet insurance no how old is the cat she's like 10 oh okay we're probably not gonna be able to get pet insurance okay yeah she's older or if you do it'd be gonna be ridiculously expensive yeah huh she might be eight i got her it's like she wasn't quite a kitten but yeah okay i don't know anything else that needs to be in your budget that we have not put in there no i don't think so

I apologize for any garlic that's been flowing your way. I stress ate croutons during lunch. Oh, you're okay. I had peppers for breakfast and it was like, uh, I was burping peppers on the way in here. I was worried you'd smell it. You got the damn thing. Your life is so easy. You don't understand. If you just budge like a adult, you're being so dumb with your money, my dude.

My dude, you have an extra $1,269.45 on a monthly basis. It can be an is if you actually don't around and spend all your stupid money on stupid dumb. Okay. Okay. That's a lot of money. Okay. So you're paying with the bonus. You're paying off the payday and then you're immediately paying off Dave and the close credit and the Quicksilver. And then you never think about them again. And that's the end of this month. Okay. Because your life is simple and you've chose to make it hard for no reason.

emergencies pop up I do get that but come on this is so dumb your car with all that crazy interest you pay it off in four months so five months from now the car is done this is so stupid dude I can't believe you've done this to yourself student loans start paying on them and that's including your budget by the way and then make a monthly payment and tell them to pay it off okay stop being a dumbass then what takes you to survive without your debt now

is about 3,100 bucks times that by six. So you need about $18,600 in our emergency fund savings. Okay. So that one takes a while. Call that about a year of saving up a year. No, it's going to be less than that. Let's call it nine thousand. Yeah. I don't think I've ever had that amount of money. No, that's why your finances are. Yes.

You need to do the basic minimum requirements, and that is a six-month emergency fund needed to survive. Your income's large, but your living expenses are also large because your income is large, and you've kind of inflated that. But you have enough left over. Okay, let's do the actual math. So the $18,000, let's times that by the now extra, because your car's paid off, you have an extra...

1,500 hours left on a monthly basis. Congratulations. Yep, that takes a year. So a year and five months, you have a fully funded emergency fund. You're debt-free except for your student loans. It's perfectly fine. You're still not even 30 yet. And then contribute 20% towards retirement on a monthly, yearly basis. And you can 50-30-20, 50% on your needs.

which you can easily do with your income. 30% on your wants. It's a lot of fun money. It's a lot of money to spend on fun. A lot of clubbing, a lot of drinking. Have fun. Good job. Congratulations. A lot of smoking. Die young. I don't smoke that much. Well, your bill does not reflect that, but okay. And then also...

20% to invest in and you will have a very successful retirement and it's all chill and easy. This is stupid that you have this. This is a choice. This is dumb. I'm upset. This conversation, a lot of it was alarming. I hope you follow this. I want to do a follow-up with you really soon. I want to do a follow-up with you in five months and all that debt should be gone. And if you come back five months and I will push you to come back. If you come back and that...

that is not taken care of unless something or emergency comes up that you need to prove to me then i'm going to be legitimately pissed spending a budget you overspent zero out of ten debt payday loan not paid on student loans zero ten emergency fund nothing zero ten how is your retirement i don't i didn't have a statement um was your retirement it was okay i took out some for covid to move but i oh why every

I need to turn it back on. I need to turn it back on. It's not even on? Not right now. What's your retirement at? Uh, like,

How does this get worse? One out of 10 real estate, zero out of 10 hammer financial score 0.5 out of 10 guys coming here on the post show. We'll have Jake and her fight. We'll also bring up more information because they know that her entire life will bring up more drama. That's where we get into all the extra tea and stuff about their lives. Maybe we'll go into this marriage situation. Who knows? It'll be fun. Make sure to join it. Help support our channel. Join our live streams as well. And make sure to check out our investing debt channel.

and budgeting course are all bundled together at a 25 discount so y'all in the post show i was informed that you're considering getting a second job bottle service make quick money did you and your boyfriend talk about this there is a little bit of like a friction there i mean you should be telling him that you're cheating on him shouldn't we have a conversation about what is going on in your life he's just never asked you rely on him to ask for you to tell him something no exactly

Don't put that, come on. To watch the post show, join our YouTube membership in the link in the description below or at the pinned comment. All right, guys, I get it. You need more financial audit. So we've decided now in our membership below, you get two exclusive, see nowhere else, uncensored financial audits every month. Again, 384 came in from your job. How much do you think you spent? How much did I make? 384. You don't think you overspent? Oh, I probably, I guess I did, yeah. Seven, maybe, I don't know.

Also, three post shows a week for every financial audit you're seeing right here on YouTube. In the post show, we have an extra 20 minutes for every single episode where we go into more drama. We can't find you on Facebook. Did you block me on Facebook?

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A member stream every single Tuesday with myself and the crew. He could break up with her today. He's already decided to five weeks ago. He could break up with her today. Why is he not? Because her birthday is coming up. When though? Two weeks. Two weeks. Thanksgiving's after that. A couple weeks after her birthday. Then Christmas is only a couple weeks. Then New Year's. And then MLK.

- Hey, Dave. - Wonderful human. - Guys, she's just not doing it. - Wonderful, wonderful human. I do love her, she is a wonderful person. I like like her. No, she's a great person. Here's the thing, great person, it's just she can't make jokes.

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