Key Insights
Why did Lidia have negative money in her checking account?
Lidia had negative money in her checking account because she still had bills to pay while being unemployed. She was laid off from her job and did not file for unemployment benefits, which led to her financial situation.
What job is Lidia starting soon?
Lidia is starting a job in logistics for the private sector, specifically for the Department of Defense (DOD).
How much did Lidia spend on going out to eat in one account over the past year?
Lidia spent over a thousand dollars on going out to eat in one account over the past year.
What is Lidia's financial score according to the podcast?
Lidia's financial score is zero out of ten, indicating a very poor financial situation.
Why is Lidia moving to a new location?
Lidia is moving to a new location because her new job requires her to relocate from Biloxi, Mississippi, to a place about six hours away in Alabama.
What is the main reason for Lidia's financial struggles?
The main reason for Lidia's financial struggles is her poor spending habits and lack of budgeting, which led to overspending and accumulating debt.
How much does Lidia owe her mom?
Lidia owes her mom thousands of dollars, which is a significant financial burden she needs to address.
What does Lidia think about her financial situation?
Lidia thinks she has an idea of how money works but is bad with managing it. She acknowledges her poor financial habits but feels set in her ways and finds it hard to change.
What does the podcast suggest Lidia do to improve her financial situation?
The podcast suggests Lidia take budgeting, debt, and investing classes to learn how to manage her money better. It also advises her to close her credit card accounts to avoid further irresponsible spending.
How does Lidia justify her spending habits?
Lidia justifies her spending habits by saying she enjoys going places and eating out, and she doesn't tell herself 'no' when she wants something. She also feels she deserves little treats and doesn't think about the future consequences of her spending.
Chapters
- Lidia is unemployed and facing an investigation for unemployment benefits.
- She has negative money in her checking account due to unpaid bills.
- Lidia is moving for a new job but is struggling to secure housing.
Shownotes Transcript
