She’s Hiding $330,000 Debt From Overseas Husband | Financial Audit

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Speaker names marked ? are inferred from speaking time and the show’s known hosts — they are not voice-verified.

• 0:00Speaker 00

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• 0:44Caleb Hammer?

  To watch episodes of Financial Audit a week earlier, check us out on YouTube.

• 0:47Speaker 03

  Liar!

• 0:49Caleb Hammer?

  Wasn't even you coming out and saying that you had to get called on your bull-

• 0:52Speaker 03

  I got called on my [BLEEP]. I couldn't be like, hey, I know you just got blown up in a tank overseas. Sorry about it.

• 0:57Caleb Hammer?

  Liar, liar, liar!

• 1:02Caleb Hammer?

  Download my new Simpler Budget app today and take control of your money once and for all. And as an extra limited time only bonus, I will give you a signed version of my budget-friendly cookbook for free when you sign up for Simpler Budget Premium Annual.

• 1:18Speaker 03

  My name's Cora. I'm 26, from Knoxville, Tennessee, and this is Financial Audit.

• 1:23Caleb Hammer?

  Thanks for coming down from Knoxville. What do you do up there for a living?

• 1:26Speaker 03

  Up there, I manage a... Well, I have two jobs. I manage a luxury tattoo studio and I'm a marketing director for a small jewelry company.

• 1:33Caleb Hammer?

  What's a luxury tattoo versus a tat-tu?

• 1:35Speaker 03

  So like, you know, when you think of tattoo studio, you think kind of like a little tratty-dotty shop, like art on the walls everywhere? We kind of look like a spa, and we tattoo out of it.

• 1:43Caleb Hammer?

  Okay, okay, so-

• 1:45Speaker 03

  So just think like really bougie tattooing.

• 1:47Caleb Hammer?

  Dirty needles, but elevator.

• 1:48Speaker 03

  No, clean needles, clean needles.

• 1:50Caleb Hammer?

  And the second job?

• 1:51Speaker 03

  The second job, I'm a director of marketing for a small jewelry company, specifically body jewelry.

• 1:55Caleb Hammer?

  Perfect. What do you make in each?

• 1:57Speaker 03

  So I make 21 an hour as a manager at the tattoo studio.

• 1:59Caleb Hammer?

  How many hours a week do you work on that?

• 2:01Speaker 03

  That is 40 hours a week. That's my full-time gig.

• 2:04Caleb Hammer?

  Okay, that's your full-time gig?

• 2:06Speaker 03

  That's my full-time gig.

• 2:07Caleb Hammer?

  Oh, so the marketing's the...

• 2:08Speaker 03

  Oh yeah, marketing director's my part-time. I make 23 an hour, and I average about six hours a week doing that.

• 2:14Caleb Hammer?

  Six hours?

• 2:14Speaker 03

  Yeah, it's not a lot. There's not a ton that needs to be done. I have a small team that's doing the bulk of it. I mostly go in and I set up the scheduling.

• 2:20Caleb Hammer?

  You have a small team?

• 2:21Speaker 03

  Yeah.

• 2:22Caleb Hammer?

  Why would the person that has the team be the one that's not making any money or being but that doesn't really make sense. You're not managing them.

• 2:29Speaker 03

  I give them what they're supposed to do and they go do it as to whatever they need to do. I go in and I take all the product photos and I know I take all the product photos. I tell them what to do.

• 2:37Caleb Hammer?

  So what's it in your account on a monthly basis?

• 2:38Speaker 03

  Um, well, I also have a husband, so we're dual income. Um, yes.

• 2:42Caleb Hammer?

  Cool. What does he do?

• 2:44Speaker 03

  He is a bar manager for 12 local bars.

• 2:48Caleb Hammer?

  Wow. Okay. So what's that? What hits the house on a monthly basis?

• 2:51Speaker 03

  On a monthly basis, um, with the jobs we work with the like VA money that comes in, we make about eight thousand a month.

• 2:58Caleb Hammer?

  Who's VA?

• 2:59Speaker 03

  Husband is VA.

• 3:00Caleb Hammer?

  Okay.

• 3:01Speaker 03

  Yeah. So retired military.

• 3:04Caleb Hammer?

  So what all comes in is a disability?

• 3:05Speaker 03

  Yeah, disability pay.

• 3:08Caleb Hammer?

  Okay.

• 3:09Speaker 03

  Yep.

• 3:09Caleb Hammer?

  Yeah. So it's every time.

• 3:11Speaker 03

  I know, every time.

• 3:12Caleb Hammer?

  I'm not, I'm not like questioning it. I don't know. It's just like, I hear veteran. I know for a fact they have disability.

• 3:17Speaker 03

  Yeah.

• 3:18Caleb Hammer?

  There has not been one veteran on the show that does not have disability.

• 3:21Speaker 03

  Well, he did get blown up overseas in a vehicle.

• 3:23Caleb Hammer?

  That's a good way to get disability.

• 3:25Speaker 03

  So, um, some very serious injuries came out of that.

• 3:28Caleb Hammer?

  Well, no, no, no. Trust me. I'm not questioning it. I'm just like, if I hear it, I know there's gonna, there has not been one without it. So it's, it's an interesting, it's an interesting thing. But okay. So what hits the account on a monthly basis?

• 3:38Speaker 03

  About eight thousand a month.

• 3:39Caleb Hammer?

  Eight thousand?

• 3:40Speaker 03

  Yeah.

• 3:41Caleb Hammer?

  Okay. So cool. Not bad. How about in Knoxville? Knoxville is not a uber high cost of living area.

• 3:45Speaker 03

  It's really not. Um, it should feel better and.

• 3:48Caleb Hammer?

  Why is it not feeling good?

• 3:49Speaker 03

  Uh, I'm in some debt from when I was like 18 that I have yet to escape from. Um.

• 3:54Caleb Hammer?

  I mean, that's eight years ago.

• 3:56Speaker 03

  I know.

• 3:56Caleb Hammer?

  What was the issue?

• 3:57Speaker 03

  Well, the issue is, is like we've, um, so we paid off some debt. We got it right back up. We didn't actually fix the spending habits with it. So.

• 4:04Caleb Hammer?

  How'd you pay it off?

• 4:05Speaker 03

  So got a reimbursement check from when we filed.

• 4:08Caleb Hammer?

  You mean husband?

• 4:08Speaker 03

  Husband. I'm so sorry. Husband filed for VA disability and the disability back pay came in. We took that money. We paid off everything.

• 4:17Caleb Hammer?

  You guys actually put in. It was a lump sum check.

• 4:19Speaker 03

  Yeah. And so then we spent it right back up. We got into some.

• 4:23Caleb Hammer?

  Happens every time. That's why I'm kind of against it. So changing your behavior.

• 4:28Speaker 03

  Well, we thought we did and we didn't.

• 4:29Caleb Hammer?

  You thought you changed your behavior.

• 4:30Speaker 03

  Yeah. The money was gone and then it came right back. And that was four or five years ago.

• 4:38Caleb Hammer?

  Okay, so it's not debt from when you were eighteen, you paid off the debt.

• 4:41Speaker 03

  No, one of them is, and we'll get there, and you're probably gonna yell at me from that one.

• 4:44Caleb Hammer?

  This is a lot, though.

• 4:45Speaker 03

  It is a lot.

• 4:46Caleb Hammer?

  In fact, I see a lot of individual debt. Oh, thank ones a mortgage, because that's an insane number for your total debt.

• 4:52Speaker 03

  It really is.

• 4:53Caleb Hammer?

  Okay, so one, but one out of like a thousand deaths.

• 4:57Speaker 03

  The rest of them we built back up, because like, lost a job.

• 5:00Caleb Hammer?

  When you were eighteen, it wasn't you just being a dumb teenager, this was a few years ago.

• 5:03Speaker 03

  Yeah, but you know, one of them was.

• 5:05Caleb Hammer?

  Okay.

• 5:06Speaker 03

  The biggest one was.

• 5:07Caleb Hammer?

  The biggest, the mortgage is from eighteen?

• 5:09Speaker 03

  The credit card, the biggest credit card was.

• 5:11Caleb Hammer?

  Okay.

• 5:11Speaker 03

  Yeah, so that was from when I was eighteen.

• 5:13Caleb Hammer?

  Credit card, but not the biggest debts, which besides the mortgage again, is car loan.

• 5:18Speaker 03

  Those are new.

• 5:19Caleb Hammer?

  Yeah, so it's not, okay, I just, I just kind of want to immediately take a step back, I, I'm just.

• 5:28Caleb Hammer?

  When looking at your overall situation, no, it's not just a stupid little mistake you did at eighteen, which, okay, that would just be a different setup. Then the reality is, okay, a few years ago, we were basically debt free, and then we decided, wait, let's not be.

• 5:43Speaker 03

  Yeah, but.

• 5:44Caleb Hammer?

  It's just important to note the actual reality of the situation.

• 5:49Speaker 03

  It is, and I mean, my husband now knows all about it, he didn't know all about it at first.

• 5:54Caleb Hammer?

  Wait, didn't know about what?

• 5:55Speaker 03

  Some of the debt, so when we, when we initially paid everything off.

• 5:59Caleb Hammer?

  Wait, he didn't know about all the debt when you guys made that lump sum from his disability?

• 6:02Speaker 03

  No, he didn't.

• 6:04Caleb Hammer?

  So you used the lump sum, he didn't know?

• 6:07Speaker 03

  He, he said he wanted to use the lump sum to pay off our debt, we paid off our debt, I just didn't tell him about some of it.

• 6:11Caleb Hammer?

  Know what that was?

• 6:12Speaker 03

  I just didn't tell him about some of it.

• 6:13Caleb Hammer?

  Why? What's the point?

• 6:14Speaker 03

  There was a lot of embarrassment and shame there, and like, I thought I could handle it whenever all of that was gone. Oh, it definitely was, like, don't get me wrong, I fucked up.

• 6:22Caleb Hammer?

  Come back a few years later and be like, you know what?

• 6:25Speaker 03

  I mean, I messed up.

• 6:26Caleb Hammer?

  I suck.

• 6:26Speaker 03

  I've, I've admitted to my wrongs, we've gotten past that.

• 6:29Caleb Hammer?

  Okay.

• 6:30Speaker 03

  And now, here we are again, so like, we're trying to get through and get.

• 6:33Caleb Hammer?

  Again, what, what's, what do you, okay, again?

• 6:35Speaker 03

  Not again with the lying, not again with the lying, just again with, again with the, like, large amount of credit card debt.

• 6:42Caleb Hammer?

  Built up over how long? Because it's not since eighteen.

• 6:44Speaker 03

  So this.

• 6:45Caleb Hammer?

  It's not since eighteen.

• 6:45Speaker 03

  This that you're gonna be looking at has been built up over the past four years. So post-deployment.

• 6:52Caleb Hammer?

  Post-dep, when was that lump sum that came in?

• 6:55Speaker 03

  That was twenty twenty one, because husband came home from deployment twenty twenty. Yeah, so from twenty twenty one to now, so like, four years.

• 7:04Caleb Hammer?

  Consistent buildup?

• 7:06Speaker 03

  Consistent buildup. So it was like, we lost a job and then we, you know, we had to pay our bills still and we still had to buy groceries.

• 7:12Caleb Hammer?

  You didn't have an emergency fund?

• 7:13Speaker 03

  We had no emergency fund.

• 7:14Caleb Hammer?

  Did you cut back your life expenses?

• 7:16Speaker 03

  I'm gonna say no at the time. At the time, definitely not. Cause I, I had to buy, I had to buy a bunch of stuff.

• 7:22Caleb Hammer?

  If your income changes, your expenses need to change with it. It is easy as that.

• 7:25Speaker 03

  Yes, but the income hadn't like drastically changed and then we lost the job.

• 7:29Caleb Hammer?

  You lost the job!

• 7:29Speaker 03

  Well, we, we lost the job and that's whenever it started getting bad. And that's when we cut back the lifestyle, but we still had to like-

• 7:33Caleb Hammer?

  That's what I just asked you and you just said no.

• 7:36Speaker 03

  Well, like I hadn't really been budgeting up until then.

• 7:38Caleb Hammer?

  No, no, no. I'm just confused. You said, you said nothing changed. Now you're saying lifestyle was cut back.

• 7:43Speaker 03

  Well, things had changed, but it wasn't like a drastic change. Like I didn't, I didn't like cut back on everything.

• 7:48Caleb Hammer?

  Did you cut back lifestyle or not?

• 7:49Speaker 03

  I mean, I was-

• 7:50Caleb Hammer?

  Did you cut back lifestyle or not?

• 7:52Speaker 03

  I tried to where I could.

• 7:56Caleb Hammer?

  Well, you could. What's could?

• 7:57Speaker 03

  So like I was working-

• 7:58Caleb Hammer?

  Lifestyle.

• 7:58Speaker 03

  I was working in retail and I was getting regularly dress coded for not like being the most up to date and things like that.

• 8:03Caleb Hammer?

  You lost your job, you said.

• 8:04Speaker 03

  No, husband lost the job. I, I'd had consistent income this entire time. Husband lost the job.

• 8:09Caleb Hammer?

  Dress coded in retail? What are you, what are you talking about?

• 8:10Speaker 03

  Yes.

• 8:10Caleb Hammer?

  Well, work at Old Navy and they're like, hey, you're not wearing your fucking Old Navy shirt today.

• 8:14Speaker 03

  Pretty much. Pretty much. And that was regular. It was every day. It got to a point where it was just really bad. It was really toxic.

• 8:19Caleb Hammer?

  Right? And just wear them over and over again.

• 8:21Speaker 03

  That's what you would think, but then like new season comes out, you have to get new season stuff.

• 8:24Caleb Hammer?

  What stores is this, can you say?

• 8:25Speaker 03

  I mean, yeah, I worked at Victoria's Secret.

• 8:27Caleb Hammer?

  Okay, cause I don't know.

• 8:28Speaker 03

  And as they're cycling through product, you have to be out the most up to date and things like that. So like, you have, you have to be on top of it with it. And that was a regular dress code issue. So I'd have to go and spend money and go change and come back and clock into work. It's like, some of it I cut back on, yes. Like I wasn't Uber Eatsing all the time. I cut back on my Starbucks, but I still had to like, spend money on things that I should have been spending money on to be able to consistently break income. Major issue today is that I have a lot of debt and I am now on a little bit of a time crunch with some things. I-

• 8:55Caleb Hammer?

  Why?

• 8:56Speaker 03

  I started filing my taxes for this year. This is the first year I've ever supposedly owed. I owe about three to four thousand dollars.

• 9:03Caleb Hammer?

  Okay, why? What happened?

• 9:04Speaker 03

  So I'm not a hundred percent. We're both W2s. We don't make any tips or anything. So I went in, I've been filing jointly for the past five years.

• 9:12Caleb Hammer?

  Are you not filing jointly?

• 9:13Speaker 03

  No, I'm filing jointly. This year it says I owe thirty-five hundred here. So I go to a new one and I'm owing four thousand there. Then I go to another website and I'm owing three thousand here. And like I'm freaking out because we have this giant surgery that's coming up that's going to cost us a significant amount of money.

• 9:28Caleb Hammer?

  What's a surgery?

• 9:28Speaker 03

  So I have to have a surgery. The medical is considering it an elective surgery.

• 9:34Caleb Hammer?

  Oh, it's an elective surgery?

• 9:36Speaker 03

  Unfortunately.

• 9:37Caleb Hammer?

  So it's not critical?

• 9:38Speaker 03

  Unfortunately.

• 9:39Caleb Hammer?

  But it's not a life-saving surgery?

• 9:40Speaker 03

  It's not a life-saving surgery, but it is going to change the like, um, like how like we live our lives. So like, there's a lot that's going to come with this.

• 9:48Caleb Hammer?

  Right.

• 9:49Speaker 03

  And it is-

• 9:50Caleb Hammer?

  Okay, but it's not needed life or death?

• 9:52Speaker 03

  No, no, like the husband will continue to live past this if we don't get it.

• 9:58Caleb Hammer?

  And we, do we need to get it right now?

• 10:02Speaker 03

  Yes.

• 10:04Caleb Hammer?

  Even though it's not actually-

• 10:06Speaker 03

  There is a lot of pain that is going on with the surgery. It's to alleviate, it's to alleviate some things.

• 10:13Caleb Hammer?

  It fixes physical pain?

• 10:14Speaker 03

  Yes, like some physical and mental pain that's coming with it.

• 10:17Caleb Hammer?

  Okay, how much is this going to cost?

• 10:19Speaker 03

  Six thousand five hundred, which I have in savings. I was trying to save double the amount that the surgery was going to cost.

• 10:26Caleb Hammer?

  Why?

• 10:27Speaker 03

  Um, so I have PTO that I saved up over the past couple of years. Husband does not have PTO with work. There's no benefits like that.

• 10:34Caleb Hammer?

  Disability comes in for husband. How much comes in from just disability?

• 10:37Speaker 03

  About twenty-one hundred and that covers our mortgage and that also just goes straight to savings for the remainder. So that that money is just constantly building up to be saved.

• 10:46Caleb Hammer?

  Twenty-five hundred is your mortgage?

• 10:48Speaker 03

  Uh, mortgage is seven, or sixteen fifty and we get twenty-one hundred from disability every month.

• 10:54Caleb Hammer?

  That's twenty percent of your income, yeah.

• 10:56Speaker 03

  Yeah, so that covers that. Um, and then we wanted to save double that so that we have money for like the one month recovery process. I'll have enough PTO saved up for that, but now like I owe like almost four thousand dollars in taxes. So that's almost like the whole amount that I have saved up.

• 11:13Speaker 03

  So that's kind of where I'm starting to like really panic with all of that. So like I had the money. I was feeling good. I was going to cash flow it. I was still going to come out the other side with some money. And now it's not looking like I'm going to come out the other side with the money. On top of everything else we have to pay for in like about a year and a couple of months, there's the potential that we're going to be moving state lines.

• 11:36Caleb Hammer?

  Is this military?

• 11:38Speaker 03

  No, husband is applying for PhD programs right now.

• 11:41Caleb Hammer?

  Oh, well, which would, by the way, I mean, yes, some, I mean, you can get some money from that, but it's not going to, it's not going to make it a lot. So there is going to be an income hit.

• 11:51Speaker 03

  There is going to be a bit of an income hit, and we're trying to save up the money so that if we do move state lines. PhD in what? PhD in literature.

• 11:58Caleb Hammer?

  Okay.

• 11:59Speaker 03

  With a specific focus in Appalachian and African American literature.

• 12:03Caleb Hammer?

  Okay. Yeah.

• 12:05Speaker 03

  Don't look at me like that. I know. It's a, it's a growing field. There's an actual field for it right now.

• 12:09Caleb Hammer?

  African American, okay. I was like, wait, Africa and Appalachia? Where's that?

• 12:13Speaker 03

  The crossover of the two. There's an actual field that's divulging in it and there's actual like work to be done in it that is actively going on. So husband is in like...

• 12:20Caleb Hammer?

  Five people?

• 12:21Speaker 03

  Oh, no, it's like actual research fields that are going into it.

• 12:24Caleb Hammer?

  Yeah, but for like, what's the employment sector look like?

• 12:28Speaker 03

  I mean, it's actually pretty high with the archivist positions and things like that that are coming out. Not insanely high. Not insanely high.

• 12:35Caleb Hammer?

  Do we know the job openings versus how many people are trying to get in?

• 12:39Speaker 03

  Me personally, I don't.

• 12:41Caleb Hammer?

  This is a big decision for the household.

• 12:44Speaker 03

  This is a big decision for the house. And with that...

• 12:46Caleb Hammer?

  I'm not against going into the PhD thing, but what a lot of people do is that permanent college routine where they go to college to get another degree to then get their advanced degree, to get their mega advanced degree so that they can go and teach college. And it's like, oh, hopefully they get that program.

• 12:59Speaker 03

  And that's the other option.

• 13:00Caleb Hammer?

  Colleges are going through some hard things and then who knows what's shaping up with the Department of Education and college enrollment rates aren't looking completely great, which is what funds a lot of things like this. And I feel like those programs would be the first ones to go because they don't really matter.

• 13:13Speaker 03

  That's where it got a little spooky because where we're at now is kind of prime territory to get into this study field, but we kind of got pulled to the side and told like, hey, funding cut. So we're in like the Appalachians. So like that is where they're doing the research and things like that. But we were pulled to the side and told like, hey, instead of applying to like five PhD programs, you got to apply to 20 now. So like, pick some places.

• 13:34Caleb Hammer?

  Yeah.

• 13:35Speaker 03

  Not all of them are gonna like

• 13:36Caleb Hammer?

  Twenty colleges teach that, okay.

• 13:39Speaker 03

  But, you know, that's also an expensive hit because we have to pay for the application process. And then if we start, and you know, we have to move to a new city, like I have multiple pets. I can't just get an apartment. Like I have to sell my house, buy a new house.

• 13:51Caleb Hammer?

  Oh, sell the house. When did you guys get this house?

• 13:54Speaker 03

  We got the house three, going on four years ago now. Um, and we do have some equity in the house. Um, they're building new subdivisions and things like that. I think it's about fifty to seventy thousand, depending on how much we could like really sell from the house. Uh, would be what we got in return. And then I think in actual equity, we have about thirty thousand.

• 14:10Caleb Hammer?

  You think so?

• 14:11Speaker 03

  Yes.

• 14:12Caleb Hammer?

  Equity of thirty thousand, so maybe you'll walk with ten?

• 14:15Speaker 03

  Maybe. I mean, our house is on the upsky of the market.

• 14:18Caleb Hammer?

  Which would help you get into an apartment?

• 14:20Speaker 03

  They're building subdivisions and things like that around us. So like our house's value has gone up significantly.

• 14:25Caleb Hammer?

  Or that's more supply, which brings down value. Like, I don't know.

• 14:27Speaker 03

  It's the other issue.

• 14:28Caleb Hammer?

  It depends. Well, that's not, it's an issue for you as a specific owner, but I think it's an overall good thing for people to be able to, the market to be able to meet demand.

• 14:37Speaker 03

  Right.

• 14:37Caleb Hammer?

  Uh, okay.

• 14:39Speaker 03

  So a lot of big expenses coming really fast. My goal was ultimately be like debt free by thirty. And like now my timeframe is like, you know, I got like a year. So I gotta, I gotta speed things up.

• 14:49Caleb Hammer?

  Well, we're barely getting any proceeds to be able to throw it towards the debt, if we're being honest, because that debt is absolutely insane. We're almost at six figures of literal just bad debt. So ten thousand dollars won't make too much of a dent. That might get you into another apartment. That might help with moving, some moving costs to a city so that we can spend time and effort into a degree that might not create a return on investment. Let's be real. If your private student loans have your eye on a third job at the local taco stand,

• 15:20Caleb Hammer?

  maybe it's time for a better plan. Why Refi is your lifesaver in a sea of debt. I like the typical loan sharks who treat your credit score like a magical crystal ball. Why Refi cares if you actually want and can afford to repay. So forget about jumping through hoops and start jumping for joy at their under six percent interest rates. That's right. Six percent, less than six percent. They've got a co-sign a release program so you can finally give your mom a break from your financial baggage. So consider it your early Mother's Day or Father's Day gift. They also offer a structured repayment plan to lower your monthly bill and personal reps who actually pick up the phone. It's no wonder why they've got a 4.6 star rating on Google.

• 16:03Caleb Hammer?

  Apparently treating partners like humans actually works wonders. So if you're sick of interest rates that are so high, they may as well charge you for oxygen. Yrefi is your shot at a real solution. No more losing sleep and no more ignoring the mountain of student loan statements on your kitchen table. Go to Y R E F Y dot com slash hammer. That's Yrefi dot com slash hammer or call triple eight Y refi dash 78. That is triple eight Y refi dash 78 and get out from under the weight of private student loans. Let's make your debt meltdown a distant memory, not a daily reality.

• 16:39Speaker 03

  Now, we don't have any student loans for husband.

• 16:43Caleb Hammer?

  But you do.

• 16:44Speaker 03

  I do.

• 16:45Caleb Hammer?

  So, okay, that's not the biggest issue. Like student loans wouldn't be the worst loans. We have horrible loans throughout. I'm just saying we can't use 10,000 to pay it off. You guys have only paid off all your debt once before, right?

• 16:56Speaker 03

  I mean, a couple of times. Like we used some money from the deployment to pay off some debt.

• 17:00Caleb Hammer?

  Unemployment?

• 17:01Speaker 03

  No, from the deployment.

• 17:02Caleb Hammer?

  The deployment. How many times you guys have paid, how many times have you guys paid off debt?

• 17:07Speaker 03

  Three.

• 17:09Caleb Hammer?

  When?

• 17:10Speaker 03

  Well, deployment money, we used to pay off debt. When? I'm telling you.

• 17:15Caleb Hammer?

  Yeah, I want like how long ago? Not when, I don't know when he was deployed.

• 17:18Speaker 03

  It was at least four years ago.

• 17:19Caleb Hammer?

  Was I deployed?

• 17:20Speaker 03

  No, but I was giving you the timeline. So it was at least four years ago because I've built it back up over the first four years.

• 17:25Caleb Hammer?

  Four was one. We heard about that one. Where's the other two?

• 17:27Speaker 03

  So I'm telling you, prior to that was the deployment. So we paid off the debt there. We didn't have a ton.

• 17:33Caleb Hammer?

  I don't know when the deployment was.

• 17:34Speaker 03

  That was like 2020. So 2020, we paid off debt. 2021, we paid off more debt and then I had paid off some of my debt.

• 17:39Caleb Hammer?

  Within one year, within one year, we had to do it twice. Okay. The time, the other time?

• 17:45Speaker 03

  And then the other time was when I was 19, I tried to pay off a bunch of my own debt.

• 17:49Caleb Hammer?

  Tried to or did you?

• 17:50Speaker 03

  I did. I didn't pay off one of them. I got rid of everything but one.

• 17:54Caleb Hammer?

  How?

• 17:54Speaker 03

  I had taken some of my like college refund money and paid towards that instead of putting it on my student loans.

• 18:02Speaker 03

  So I was receiving refunds every time I like enrolled in a semester. Which was just excess money from my student loans. It should have been putting back on my loans.

• 18:10Caleb Hammer?

  Yeah, but you were just using student loan money to pay off credit cards?

• 18:12Speaker 03

  Yeah.

• 18:13Caleb Hammer?

  So it wasn't actually debt pay- okay. It was kind of like a consolidation.

• 18:16Speaker 03

  I mean, they gave me a check, so like...

• 18:17Caleb Hammer?

  Yeah, and it's actually meant for like, school or...

• 18:21Speaker 03

  Which I was putting my books on, like, the credit cards, so like, I kind of, it kind of balanced itself out there.

• 18:26Caleb Hammer?

  Kind of. We'll see if they would think that going into it.

• 18:30Speaker 03

  They won't, but...

• 18:31Caleb Hammer?

  Okay, so then you gotta move all the animals, too.

• 18:33Speaker 03

  Yeah.

• 18:34Caleb Hammer?

  And you don't know where you're moving.

• 18:36Speaker 03

  I don't know where I'm moving. We won't know until probably three months prior to moving.

• 18:39Caleb Hammer?

  So eight thousand hours is gonna go down to like... Okay, of the eight thousand hours that comes in, minus you, minus the disability, what is he bringing in?

• 18:48Speaker 03

  Um, makes about forty dollars an hour working thirty-five hours a week, so that's on average like a two thousand dollar check.

• 18:59Caleb Hammer?

  Forty dollars an hour?

• 19:01Speaker 03

  About thirty-five hours a week, yeah. There's some taxes taken out, so like, what, like eighteen or so?

• 19:06Caleb Hammer?

  What? That would be five thousand six hundred dollars a month before taxes. What are you talking about?

• 19:12Speaker 03

  Oh, you're asking on like, a monthly basis. Sorry, that's per pay period, so I guess it's...

• 19:16Caleb Hammer?

  What? You guys get sixteen thousand hours a month?

• 19:18Speaker 03

  Hold on, I'm sorry, my, my numbers are getting messed up in my head.

• 19:21Caleb Hammer?

  How much is that? Sixteen thousand dollars? How much comes in?

• 19:25Speaker 03

  I'm trying to figure that out right now.

• 19:27Caleb Hammer?

  I had eleven thousand, hit. But one was a university deposit. Is that one of the payrolls?

• 19:31Speaker 03

  No, no.

• 19:33Caleb Hammer?

  Then what the [__] is that?

• 19:34Speaker 03

  So we are bringing in about, about eight thousand, yeah.

• 19:36Caleb Hammer?

  I have BA, two thousand one hundred twenty-two, and then I have payroll, six thousand five hundred twenty-seven.

• 19:41Speaker 03

  So husband's hours have been cut recently, because the winter, there's not as many people at bars.

• 19:46Caleb Hammer?

  So though, what, what was it cut down to?

• 19:48Speaker 03

  It was cut down to like...

• 19:48Caleb Hammer?

  Like, fif- fifteen?

• 19:50Speaker 03

  It was cut down to about twenty.

• 19:51Caleb Hammer?

  Okay, well, that makes a little more sense.

• 19:53Speaker 03

  That was the winter season. We're getting back into the summer season, so bars are picking up more hours.

• 19:58Caleb Hammer?

  What can I say comes in? What can- what was the University of Tennessee deposit?

• 20:02Speaker 03

  That was... I'm trying to think.

• 20:06Caleb Hammer?

  It was put back into your account?

• 20:08Speaker 03

  It was.

• 20:09Caleb Hammer?

  Oh my [__], come on, that's a substantial...

• 20:11Speaker 03

  I'm sorry, I'm sorry, I'm not looking at the bill- I'm not looking at it in front of me, so I'm just having a hard time.

• 20:14Caleb Hammer?

  No, three thousand one hundred fifteen, that's an insane amount of money, that's substantial.

• 20:19Speaker 03

  Three thousand dollars from University of Tennessee.

• 20:21Caleb Hammer?

  Oh my, good [__].

• 20:23Speaker 03

  I'm sorry, I don't have the statements in front of me, so I'm getting real mixed up on my numbers. That was likely just a refund from where we have to occasionally pay them forward, and they reimburse us when we get our Chapter 33 in.

• 20:35Caleb Hammer?

  What, do I have to call him to get clarity at some point?

• 20:38Speaker 03

  No, no, I'm just, I'm thinking it through with you.

• 20:41Caleb Hammer?

  I, I just need an answer, okay.

• 20:44Speaker 00

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• 21:14Caleb Hammer?

  Where do you think you are in a scale of 0 to 10, 0 being the absolute worst, 10 being the absolute best? Where do you think you are?

• 21:21Speaker 03

  I'm gonna say 1, because I do have a home at least.

• 21:24Caleb Hammer?

  If you want your financial score, go to CalebHammer.com, or check out that link in the description below. And if you want to come on this show down here in Austin, Texas, hang out with us for a bit, go to CalebHammer.com/apply. We would be happy to have you on this show. All right, well, we're starting with first financial bank.

• 21:43Speaker 03

  Yeah. So, that one is the one that was hidden, that has never been paid off.

• 21:49Caleb Hammer?

  What? So, because you weren't embarrassed?

• 21:51Speaker 03

  So, I was 18 at the time when I applied for the car.

• 21:53Caleb Hammer?

  Yeah, but it was hidden four years ago.

• 21:55Speaker 03

  Yes.

• 21:56Caleb Hammer?

  You weren't 18 four years ago, so I don't give a about 18.

• 21:59Speaker 03

  They gave me like a $20,000 credit limit. I ran the, all the way up to the $20,000 pretty much immediately, and I worked to pay it down some, brought it back up. We started paying off debt in these lump sums, and then I panicked because I, I didn't want to be the guy that was in the wrong in this situation, like I-

• 22:19Caleb Hammer?

  But you were, so it doesn't matter.

• 22:22Speaker 03

  But I was really, like, I felt horrible about that.

• 22:24Caleb Hammer?

  Were you married at the time?

• 22:26Speaker 03

  We had recently gotten married.

• 22:29Caleb Hammer?

  You're hiding a debt from a married?

• 22:31Speaker 03

  Yes. It's, it's all in the open now. It's all fully out in the open.

• 22:36Caleb Hammer?

  When? Why? Why did it become in the open, and when and why?

• 22:39Speaker 03

  So, uh-

• 22:42Speaker 03

  Three and a half years ago, husband got the mail, opened up the letter from the company. It was a bill for eighteen thousand dollars, said, hey, this is wrong. Like, someone's gotten your information, like, what's going on here? And I, there's obviously nothing else to do, but then be honest. So I said, hey.

• 22:59Caleb Hammer?

  So it wasn't even you coming out and saying it? You had to get called on your bull.

• 23:02Speaker 03

  I got called on my, I got called on my hard.

• 23:04Caleb Hammer?

  And how can you trust now?

• 23:06Speaker 03

  It, it's a level of trust to where like, everything is just out in the open all the time, constantly. So.

• 23:11Caleb Hammer?

  Until it's not.

• 23:13Speaker 03

  Everything, um, like, our first year of marriage, we spent apart. So like, obviously, like, things like that were harder on us, um, just from the deployment was our first full year of marriage. Then coming home and getting back into things and injuries and everything else. And then opening up this, and there's this giant lump sum that I owe. And I couldn't, I, I couldn't be like, hey, I know you just got like, blown up in a tank overseas. Sorry about it. Here's this eighteen thousand dollar bill that I ran up.

• 23:40Caleb Hammer?

  What the, what the, you had a lot of time to talk about it? It wasn't just after the fucking explosion?

• 23:44Speaker 03

  No, I just, I had.

• 23:45Caleb Hammer?

  That's, that's a cop out.

• 23:47Speaker 03

  It was, and I felt ashamed and I felt guilty and.

• 23:49Caleb Hammer?

  You just tried to make that excuse now.

• 23:51Speaker 03

  I just felt really guilty. Like, we, we had only really dated for about like, a month before we got married. We had known each other for a little while before that, but it was one of those like, speed run relationships that you see in the military. And I just.

• 24:05Caleb Hammer?

  Where did all this money go on this card? Because, listen, if you've had this card since eighteen, there would be a little more progress on it. Even just minimum payment without any purchases. So, I mean, this purchase is right in here. Listen, and it's basically maxed out with a three hundred eighty-nine dollar minimum payment, which is insane. The balance is ten thousand seven hundred sixty-three dollars and thirty-seven cents with eighty-four dollars and ninety cents of purchases. So why are we purchasing? What have you done with this card since the debt payoff since?

• 24:34Speaker 03

  Since it became out in the open, like, I, we had to put our, we had to put our rent on there a few times.

• 24:40Caleb Hammer?

  Before you got the mortgage?

• 24:41Speaker 03

  Yes, prior to the mortgage.

• 24:42Caleb Hammer?

  Oh, just your rent?

• 24:43Speaker 03

  It was about twelve hundred at the time.

• 24:44Caleb Hammer?

  Then you don't go get a more expensive mortgage if we're not paying off the card where the rent was put on? That was cheaper than the mortgage we are paying.

• 24:52Speaker 03

  But at the time, I didn't have any way to pay my, my rent. I had to pay my rent somehow.

• 24:55Caleb Hammer?

  That's not the point, pay down this fucking card instead of getting a.

• 24:58Speaker 03

  Yeah, but my rent was going up and at that point I could, I could have a mortgage that was the same as the rent of the crappy apartment I was in.

• 25:04Caleb Hammer?

  That you might have an equity position, we don't even know. You think you might have a $30,000 equity position? Well, that's not very much and that can move up or down depending on where you're forced to sell it at.

• 25:14Speaker 03

  I mean, yeah, but I-

• 25:16Caleb Hammer?

  You had an 80,000 dollars, I would feel, if you thought, if you thought you had 80,000 dollars of market position in your house, I would feel confident that you'd at least walk away with some money because you would be able to do price cuts if necessary and you'd still walk away. $30,000 after all the fees and commissions and everything with, you would have to get it at the exact price you think it's worth without any movement for you to walk away with like $10,000.

• 25:40Speaker 03

  But the thing was, is my rent was gonna be increased to 1600 and it was that or I could buy a house and get a $1600 a month mortgage. So like, at least I own a home and I'm not in an apartment.

• 25:50Caleb Hammer?

  Right, and you have max out credit card for that, you're putting all your rent payments on from before.

• 25:53Speaker 03

  But all my payments have come out, just fine now.

• 25:56Caleb Hammer?

  You purchase on your-

• 25:58Speaker 03

  Just fine on my mortgage.

• 25:59Caleb Hammer?

  Yeah, cuz you're putting your fucking purchases on the credit. If you were just running out of debit account, would you even be able to pay your mortgage? I don't know.

• 26:07Speaker 03

  Yeah, should be good. I just have to get rid of a few things.

• 26:11Caleb Hammer?

  What does that mean?

• 26:13Speaker 03

  If I get rid of a couple of credit cards, then I can start cash flowing things.

• 26:16Caleb Hammer?

  You're purchasing on the credit cards?

• 26:19Speaker 03

  Because I can't cash flow them. So I gotta get rid of the credit cards, so I'm paying the credit cards down at a higher rate.

• 26:26Caleb Hammer?

  How much did you spend last month?

• 26:27Speaker 03

  I would say I at least spent what I brought in. So if you're saying that I brought in like 11,000, I've probably spent about 11,000.

• 26:33Caleb Hammer?

  No, no, no, cuz you can't say what that deposit was from, let's, let's take away the University of Tennessee.

• 26:38Speaker 03

  Okay.

• 26:39Caleb Hammer?

  You brought in about 8,600, how much was spent?

• 26:43Speaker 03

  I, I would say about 8,000.

• 26:45Caleb Hammer?

  Okay, 9,600, so you spent a thousand dollars more. Yeah, you're gonna cash flow? What cash flow? You put it on credit cuz you don't have enough money.

• 26:52Speaker 03

  But I'm trying to get to the point that I have money.

• 26:54Caleb Hammer?

  Trying? Oh, that, oh.

• 26:56Speaker 03

  So I went and I looked at-

• 26:57Caleb Hammer?

  If we're trying, that means the math doesn't exist. That means if it was all on debit last month because we tried-

• 27:03Speaker 03

  Well, I went and looked at all of it and I looked at the minimum payments and I looked at the interest rates and I tried to just add up a little bit extra.

• 27:08Caleb Hammer?

  And then you didn't look at your spending cuz it was a thousand dollars more than canna.

• 27:10Speaker 03

  No, I did not look at my spending. I was trying to look at how I could get rid of all of this.

• 27:14Caleb Hammer?

  Maybe we look at our spending, maybe we'll look at a budget, maybe you build a budget.

• 27:17Speaker 03

  I mean, I've just never successfully built a budget.

• 27:19Caleb Hammer?

  What does that mean?

• 27:20Speaker 03

  So like, I've tried to do some budgeting. I've tried a couple of different routes and avenues for budgeting.

• 27:24Caleb Hammer?

  What?

• 27:24Speaker 03

  And I've just seemingly have always gotten the numbers often wrong. So I tried some budgeting apps. And the budgeting apps, I couldn't get them to sync up with my bank in a way that it would actually like zero out at the end. My, so we've got military banking because of military and they don't like to work with the apps. So then I went to paper, just writing everything out, doing a weekly budget. When I got to that point, my weekly budget wouldn't match up with what was actually coming out of the accounts. So then I tried to go and through an edit. Now I do a bi-weekly budget where husband and I sit down.

• 27:55Caleb Hammer?

  That's a switch away from the military accounts. I mean, listen, I'll give you simpler budget premium for free forever. Cause you guys on the show, we're switching to a new payment system on the backend. No longer Plaid. It's a payment system that includes all the other payment systems. It's a balloon one. So I would actually be surprised if the military ones don't work with that. So I don't think any other budget app, as far as I know, is using what we use. And we're doing it so that everyone can connect every account. Cause again, my goal is to make this the best budget app ever. So you get it for free. You get it for free. Husband gets it for free. You guys get a free week trial. And for those who sign up for the annual version, you get the simpler budget founders edition notebook signed by me.

• 28:37Caleb Hammer?

  Mail directly to you. So make sure to check out the simpler budget app in the app store or Google Play store now. But, okay, so not looking at budget because you've never figured out how to make the budget work with your banking system, I guess.

• 28:53Speaker 03

  I mean, I tried the paper budget and it just wasn't lining up with what was actually coming out of the account consistently. So that, that's where I got into some sticky situations. Plus like, we want to go out, we want to have fun, we want to do things.

• 29:05Caleb Hammer?

  Well, that's different.

• 29:06Speaker 03

  Like everyone else, like everyone else wants to do.

• 29:08Caleb Hammer?

  If you budget, you're putting that in. That's, I mean, that all of a sudden doesn't mean a budget doesn't exist. What are you talking about? Guys, I just wanted to say an extra thank you for making simpler budget an incredibly popular app. I wasn't expecting it, but we literally get like. Thousands of downloads a day and a lot of you are actually changing your financial future and we've been hearing from you. So thank you all for supporting us. We just wanted to continue to say thank you and give people the opportunity to try out the app. So we still have a two week free trial in there for the premium version. And of course, everyone that signs up for an annual version, at least for this next quarter, will get a founder's edition, simpler budget notebook, and it is signed by me, sent directly to you. So that's a special thank you for putting your trust in us to create an amazing budgeting app. And let me tell you,

• 29:51Caleb Hammer?

  the features that we're going to release throughout this next year are about to be crazy. I'm going to make this the best budgeting app that has ever existed. Seriously, download simpler budget now. It's incredible. The time to take control of your finances is literally right now. And as an extra limited time only bonus, I will give you a signed version of my budget friendly cookbook for free when you sign up for simpler budget premium annual.

• 30:18Speaker 03

  Well, I'm trying to figure out like, what does that budget actually need to look like? So like, I've really cut back on like, a couple of things.

• 30:22Caleb Hammer?

  You look like, for what?

• 30:24Speaker 03

  For like, what? For like, what am I wanting to do for fun?

• 30:27Caleb Hammer?

  What are you wanting to do?

• 30:28Speaker 03

  Like, every so often, I want to go out, I want to go hang out with the girls.

• 30:31Caleb Hammer?

  How much you want to spend on fun?

• 30:32Speaker 03

  I mean, I would like to spend like, maybe a hundred dollars on fun.

• 30:34Caleb Hammer?

  Even though you have about eighty thousand hours of really horrendous, bad, high interest debt?

• 30:38Speaker 03

  Well, I mean, not right now. I want to get rid of this first, but like, I would like to get to a point where I can like, go out and have fun.

• 30:42Caleb Hammer?

  Then why would we need to put that in the budget now?

• 30:44Speaker 03

  I mean, maybe not right now, but like, later.

• 30:48Caleb Hammer?

  Yeah, there was seven hundred twenty seven dollars of going out to eat.

• 30:54Caleb Hammer?

  Yeah, how much do you think was spent on miscellaneous bullshit? That could be video games, it could be whatever, we're about to find out, but it's literally miscellaneous bullshit.

• 31:01Speaker 03

  I mean,

• 31:02Caleb Hammer?

  How much?

• 31:04Caleb Hammer?

  In the most recent month, statements that we have, how much?

• 31:07Speaker 03

  I'm going to say fifteen hundred.

• 31:08Caleb Hammer?

  Okay. Yeah, nineteen hundred.

• 31:11Speaker 03

  Okay, a little closer on that one.

• 31:12Caleb Hammer?

  What are you talking about? That's almost two thousand dollars.

• 31:14Speaker 03

  I mean, that's not what I want, but it was my birthday month. I was trying to like, go out and stuff a little bit.

• 31:20Caleb Hammer?

  Military man, shoot this woman. What is happening? Birthday month. What are we on? What is this? Is this a new invention that people are just doing?

• 31:28Speaker 03

  I told myself I was gonna be like really good leading up to my birthday month. I was gonna cut back on my spending and then for my birthday month, I could like kinda treat myself.

• 31:35Caleb Hammer?

  For a month, maybe for the birthday? Not even the birthday, with the birthday fucking motherf- The birthday.

• 31:41Speaker 03

  Well, I've got some like different friend groups and they want to like go out this weekend and I'm gonna do this.

• 31:46Caleb Hammer?

  You're gonna destroy your life for one out of 12 months.

• 31:48Speaker 03

  Well, no, but like my one friend group wanted to do this. I have a different friend group that wanted to do that. Like I just had like this weekend here, this weekend there. Well, I'm not gonna expect people to pay for me.

• 31:56Caleb Hammer?

  Not expect, but maybe they should.

• 31:59Speaker 03

  Like I gotta be able to at least afford my own if I'm gonna go somewhere.

• 32:01Caleb Hammer?

  Yeah, then you can't afford it. So you don't go. You spend a thousand dollars more than you make. Eighty thousand dollars are really horrendous bad debt. Need to move. Might have an equity position, might not. IRS payment coming up. Need to have an elective surgery. Can't pay for that. Definitely don't have an emergency fund because we gotta pay for all those things and we literally cannot. So what the fuck are you talking about? That doesn't make sense. That on that priority list of everything I just named, which was like four or five things. Birthday month is under? Under an emergency fund?

• 32:32Speaker 03

  I mean, when you start, when you start laying it out.

• 32:35Caleb Hammer?

  Surgery? Yeah. Under, I guess it depends on what it is, but even still, probably. Under needing to move? Yeah. Under having to pay our taxes? You better fucking betcha.

• 32:47Speaker 03

  Oh, no, I'm paying my taxes. I'm not trying to get messed up with the IRS. I'm not.

• 32:50Caleb Hammer?

  We'll fucking find out if you do or can. Listen, two hundred eighty-one dollars alone on this.

• 32:59Speaker 03

  I know, it hurts. It hurts every month when it comes out.

• 33:01Caleb Hammer?

  It hurts every month, but I'm gonna purchase on it still so my balance doesn't go down as quick.

• 33:07Caleb Hammer?

  What do you mean? That does not line up. That does not line up. That mindset is broken. It was my birthday month. It hurts, but it's my birthday alone, so allow me to destroy my life. What are you talking about? This is borderline maxed out. It is so close.

• 33:19Speaker 03

  Well, I did call them and I had them drop the like amount that I could spend.

• 33:22Caleb Hammer?

  We have to do that forever because you have no self-control?

• 33:24Speaker 03

  If that's what I gotta do, that's what I gotta do. You know, it was at twenty thousand dollars at one point. It's down to like, what, like almost eleven right now? Like it's, if I gotta call every month and have them drop it, I'll call every month and have them drop it.

• 33:36Caleb Hammer?

  Dude, okay.

• 33:38Caleb Hammer?

  It's at a thirty four point one five percent interest rate.

• 33:41Speaker 03

  Yeah.

• 33:41Caleb Hammer?

  That's insane.

• 33:43Speaker 03

  Oh, it's disgusting.

• 33:43Caleb Hammer?

  That's insane.

• 33:46Speaker 03

  This is the biggest one. Like, if I could get rid of this, I would feel like a huge weight off my shoulders.

• 33:53Caleb Hammer?

  That's crazy.

• 33:59Caleb Hammer?

  What is your plan for this? Because you just.

• 34:01Speaker 03

  Well, I was trying to do like the snowball method when I started like really like looking into debt stuff. I was just gonna snowball it.

• 34:06Caleb Hammer?

  It was a gym. It was a gym. Get your gym subscription off of a credit card that is accruing thirty, almost five percent interest.

• 34:14Speaker 03

  Well, I tried to cancel my gym membership, but it was gonna be five hundred dollars to get out of the contract.

• 34:19Caleb Hammer?

  Different payment account that is not thirty five percent interest. That's all I'm saying. At a minimum, that is your starting point. Yes, probably cancel it, but I support gym. Put gym in budget. I always put gym, mental health and budget. Absolutely. But not our thirty five percent interest credit card.

• 34:36Speaker 03

  Okay, yeah, I'll put it on a different credit card then.

• 34:38Caleb Hammer?

  So what are you spending in your birthday month?

• 34:41Speaker 03

  Well, I mean, like, I got, I got myself a hairdryer and like a diffuser.

• 34:45Caleb Hammer?

  Okay.

• 34:46Speaker 03

  Because I haven't, I haven't owned like a hairdryer in like a year.

• 34:48Caleb Hammer?

  Really? You didn't have a hairdryer?

• 34:50Speaker 03

  My hairdryer crapped out like a year ago and I didn't wanna like buy a new one because I wanted a nice one. So like I figured I'd wait up.

• 34:57Caleb Hammer?

  So we waited until we couldn't afford it, but yeah, it was still our birthday.

• 35:00Speaker 03

  So that was my birthday gift to myself. I was gonna get a hairdryer with a nice diffuser. That way my hair looked good, you know? It was only like two hundred dollars for what I wanted. So I went with that one. And this one will last me.

• 35:11Caleb Hammer?

  That's it?

• 35:12Speaker 03

  Like ten years.

• 35:13Caleb Hammer?

  That was your entire birthday month?

• 35:14Speaker 03

  That was that. And then I also like, I went to this like resale store for like books and stuff and I got a couple of books. I got like a Wii. I got some video games for that.

• 35:21Caleb Hammer?

  Oh, Wii.

• 35:22Speaker 03

  Yeah, I wanted to play Mario Kart.

• 35:24Caleb Hammer?

  Oh, yeah, sure. People play that on Switches. Oh.

• 35:27Speaker 03

  It was cheaper to buy a Wii. It was much cheaper to buy a Wii.

• 35:31Caleb Hammer?

  Getting new games.

• 35:32Speaker 03

  No, I was just getting some old games that I liked from like when I was younger. And then like I went to the vape store and I kind of splurged at the vape store a little bit.

• 35:38Caleb Hammer?

  You splurged at the vape store? What the does that even mean?

• 35:42Speaker 03

  So when.

• 35:43Caleb Hammer?

  Splurging like.

• 35:43Speaker 03

  When we get to the, when we get to the surgery date, like there's no more smoking or anything after that. So like I was gonna like get my couple of like vapes and things and then I was gonna ride those out.

• 35:53Caleb Hammer?

  An addiction.

• 35:54Speaker 03

  I was gonna ride those out until then and then I was gonna be done.

• 35:56Caleb Hammer?

  That's not how an addiction works. You don't ramp up to the cutoff.

• 36:02Caleb Hammer?

  No, I don't.

• 36:03Speaker 03

  You've got a point. You've got a point. You've got a very big point there. I probably shouldn't have done that. But I did. And you know, I'm down to just one vape. And when that vape's gone, I'm done.

• 36:13Caleb Hammer?

  I don't even know like what one vape equals. But I guess it doesn't matter to pay all this off if we're just gonna die from fucking chemicals in our lungs.

• 36:23Speaker 03

  I mean, got life insurance. That'll pay for the rest of this.

• 36:27Caleb Hammer?

  You'd have to be dead.

• 36:29Speaker 03

  Yeah, that'd be my problem then.

• 36:31Caleb Hammer?

  That's a horribly immature worldview.

• 36:38Caleb Hammer?

  Okay. Amazon, I'm sure that's what you need access to.

• 36:42Speaker 03

  No, Amazon got me.

• 36:45Caleb Hammer?

  Okay, Amazon, we owe 960, the balance went up on this. Nine hundred sixty-five dollars and eleven cents.

• 36:54Speaker 03

  My back doorknob fell off and I didn't realize that my Amazon card was still kind of attached to my Amazon account. So I ordered that. I had to get some new filters.

• 37:00Caleb Hammer?

  What are these fees? You got fee filters? Filter fees?

• 37:03Speaker 03

  No, I got filters for like the house.

• 37:05Caleb Hammer?

  Then what are these fees? Thirty-three dollar minimum payment. What is this fee possibly? Interest, fees, purchases, balance up.

• 37:15Speaker 03

  It could have been a late payment.

• 37:16Caleb Hammer?

  What are the fees?

• 37:17Speaker 03

  It could have been a late payment from where my card got messed around and...

• 37:22Caleb Hammer?

  Messed around? What the fuck does that even mean?

• 37:23Speaker 03

  Well, I had to get a new debit card number. So I had to set everything up correctly.

• 37:28Caleb Hammer?

  Debit card number wouldn't make, that doesn't matter.

• 37:31Speaker 03

  My debit card got, someone got into it. I had to get a new one.

• 37:33Caleb Hammer?

  You didn't need a fucking debit card number, though.

• 37:38Speaker 03

  Oh.

• 37:40Caleb Hammer?

  A link to a bank account?

• 37:41Speaker 03

  And I'm like paying it. It's like, use this debit card.

• 37:45Caleb Hammer?

  You didn't look to see if there was potentially another option instead of getting a late fee.

• 37:51Speaker 03

  I fixed it since then.

• 37:54Caleb Hammer?

  I don't even know what the what is I fixed it.

• 37:56Speaker 03

  Well, like I went through and I made sure it's set up to the right one now, so it's not gonna happen again.

• 38:00Caleb Hammer?

  Until it does, though, because you looked for no solution. You just accepted it. Oh.

• 38:04Speaker 03

  But it's happened and like I'm.

• 38:05Caleb Hammer?

  Yes, it's.

• 38:07Speaker 03

  I'm gonna grow from that. I'm gonna make sure I don't have another one.

• 38:09Caleb Hammer?

  So I feel like a lot of the people that never grow from things are the ones who say, I'm gonna grow from that.

• 38:14Speaker 03

  Well, that's the plan. That's the plan. I've experienced it. I've experienced it. I know what happened. I know what I do. I do do next time.

• 38:19Caleb Hammer?

  You didn't until I just told you three seconds ago.

• 38:21Speaker 03

  I didn't realize I could set up a routing number like that, but I mean, I put the right card on there and next time I'm gonna make sure the right card's being used each time.

• 38:29Caleb Hammer?

  What? But you didn't have a card, you said. So how could you have a right card?

• 38:34Speaker 03

  I make sure the right one's on there.

• 38:35Caleb Hammer?

  Oh, my. That's not an answer. That is not an answer.

• 38:37Speaker 03

  And you're in the little portal and you're looking through everything and it's like, use this card. I'm gonna make sure I'm picking the right one.

• 38:42Caleb Hammer?

  If I didn't just tell you that if your card got messed around with again, you would have just allowed a late payment.

• 38:49Speaker 03

  Well, I did this once. I got a late payment once. I'm gonna go in and I'm gonna double check next time.

• 38:53Caleb Hammer?

  That is not what I am saying. I'm not pushing back against that. I'm pushing back against you would have just allowed this to happen again if I didn't just tell you the solution.

• 39:03Caleb Hammer?

  Which means your mindset's not in a great place.

• 39:06Speaker 03

  A lot of stress on like my finances right now.

• 39:09Caleb Hammer?

  But you make it worse by not problem solving things. I'm confused. Okay. So what are you doing on here with this Amazon card? And it's Amazon, Amazon, Amazon, Amazon, Amazon, Amazon, of course.

• 39:23Speaker 03

  My backdoorknob fell off, so I had to get a backdoorknob and then I had to get filters for the house.

• 39:27Caleb Hammer?

  Okay, show me your Amazon account. Let's see.

• 39:31Caleb Hammer?

  I don't even know what the credit limit on this is, but I wouldn't be surprised if it was like a thousand and you were basically maxed out again.

• 39:40Caleb Hammer?

  Also, no liar, liar, liar. Two fees is here so far. By the way, there's only two months of statements on here. Liar. Liar.

• 39:53Speaker 03

  And I don't know what the other fee is.

• 39:56Caleb Hammer?

  For f*** sake, it happened once. We're learning a lesson. No, you didn't.

• 40:03Speaker 03

  My target was that, that's what I went in for.

• 40:05Caleb Hammer?

  Fee. You didn't even know about another f*** fee. It's a lie.

• 40:10Speaker 03

  I did not know there was another fee.

• 40:11Caleb Hammer?

  Oh, my.

• 40:12Speaker 03

  If I knew there was another fee, I would have told you that.

• 40:14Caleb Hammer?

  That to fix this.

• 40:15Speaker 03

  Well, if I knew there was another fee, I would have told you that.

• 40:17Caleb Hammer?

  But that means.

• 40:18Speaker 03

  Why would I lie about that intentionally?

• 40:20Caleb Hammer?

  I cannot trust that you will not go down that road. I don't think you can have credit cards. You are not responsible enough to have credit cards. You can't use other people's money. You cannot have the control of automatic payments. You are not.

• 40:30Speaker 03

  I mean, I will agree with you. I am not a credit card person. I don't them, I don't need them.

• 40:34Caleb Hammer?

  Cut them off. We looked at two credit cards. So far, you've purchased on both.

• 40:39Speaker 03

  One of them has a membership on it, like a regular subscription. I wasn't buying anything else on there.

• 40:43Caleb Hammer?

  Would move away from it typically?

• 40:47Speaker 03

  Yes, I will when I leave here.

• 40:51Caleb Hammer?

  Huh? When you leave here, not before.

• 40:56Caleb Hammer?

  Let's talk about a tool that pulls Thano snap on your bloated software stack.

• 41:03Caleb Hammer?

  High level. If you're juggling a separate CRM, funnel builder, email marketing service, text platform, and appointment scheduler, you're probably spending hundreds a month and half.

• 41:14Speaker 04

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• 41:42Caleb Hammer?

  With your sanity. High Level merges all of that into one login. Seriously, build sales funnels, automate follow-ups with emails and texts, schedule appointments, manage your leads, because it's all there. Imagine canceling four or five subscriptions overnight, instantly trimming your overhead. Plus, it's got a visual campaign builder, so you can see every lead's journey. You want to send a text after someone books a call or triggering an email? If they don't show up, one click, done. And here's the best part. I've teamed up with them to give you an exclusive 30-day free trial, double than the usual. So if you're fed up with software chaos, this is your sign. Jump on High Level, consolidate your toolkit, and watch your monthly bills shrink.

• 42:25Speaker 03

  The is this?

• 42:26Caleb Hammer?

  What is this?

• 42:27Speaker 03

  What is what?

• 42:27Caleb Hammer?

  Baby delight.

• 42:28Speaker 03

  Oh, my best friend is about to have a baby.

• 42:31Caleb Hammer?

  Congratulations to them.

• 42:32Speaker 03

  That was her baby shower gift.

• 42:33Caleb Hammer?

  But you have eighty thousand dollars of bad debt and can't afford even your taxes. Taxes that is still money that could have gone towards debt or could have gone towards taxes. You can't pay for taxes. You can't pay for the surgery. You can't pay for any of the things you need to do. Okay, then fuck off.

• 42:48Caleb Hammer?

  Rolled cones. We're getting rolled cones and rolled cones and rolled cones. We're getting rolled cones. Hundred pack rolled.

• 42:55Speaker 03

  A lot of those got returned. It was on some weird subscription thing. It got canceled. They got returned.

• 43:01Caleb Hammer?

  Dude, I don't think the ones I'm seeing have been returned.

• 43:03Speaker 03

  I know they've been returned because I drove all the way to a whole food shop to return them. It might not have, but I know I drove all the way out of my way to return these.

• 43:13Caleb Hammer?

  Fluids of some kind. Ordinary airline solution. Micropro charger. Bike lock, Advil, Sharpies. Lots of yogurt or humid. What is this? Humidity absorbers.

• 43:30Speaker 03

  Okay, it gets really humid down in Tennessee and we have some like water at the end of our property. So like there's just moisture everywhere. Just trying to get a little bit of that out of the air.

• 43:38Caleb Hammer?

  There's the door handle. The thing you brought up like that's what you that's the only thing you brought up. And it was like fifty purchases down. There's some returns for a different type.

• 43:50Caleb Hammer?

  Of stuff, but still the cones or whatever you order. There are three boxes of a hundred.

• 43:58Caleb Hammer?

  It's not all horrible. It just do. We have to be purchasing these right now. I don't know. I don't think so. I don't necessarily think so.

• 44:05Speaker 03

  I just had to go to Oklahoma. Well, I didn't have to. I just went to Oklahoma for my best friend's baby shower. I wanted to have a gift when I got there.

• 44:10Caleb Hammer?

  I get it. How much was that?

• 44:12Speaker 03

  I mean, the traveling down there was about three hundred dollars and then like

• 44:15Caleb Hammer?

  The gift?

• 44:16Speaker 03

  The gift was eighty nine with some taxes, like ninety five. So not terrible. It's definitely the cheapest gift you got by far.

• 44:23Caleb Hammer?

  $1,000 more than you make on a monthly basis and you can't pay your IRS debt.

• 44:27Speaker 03

  And then, you know, we went shopping and we got some food and, you know.

• 44:31Caleb Hammer?

  Okay, here's another. This is a synchrony, but just synchrony classic. Okay, on here you owe $2,000.

• 44:41Speaker 03

  Oh, then that's the American Eagle one. So that's what I was getting a lot of my clothes on.

• 44:44Caleb Hammer?

  What are you, a 12-year-old twig?

• 44:45Speaker 03

  No, that was what I was getting a lot of my clothes on back when I was working at my old job and I was having to buy clothes regularly. I would get jeans and basics like that so that I had just simple things to wear with the work required items. You had to be on trend. You had to be in fashion. Like you, we had this whole.

• 45:01Caleb Hammer?

  What the are you talking about? They, they're telling me you've

• 45:07Caleb Hammer?

  bought clothes out in Oklahoma and mailed them home.

• 45:10Speaker 03

  Well, yeah, we went to the Goodwill bins.

• 45:12Caleb Hammer?

  That's not what you're saying, though.

• 45:13Speaker 03

  Well, no, not on this one. I didn't put, I didn't put those on this one. This is from when I like, used to work at my other job and I had to like regularly be up to date in fashion trends. That's what that is.

• 45:21Caleb Hammer?

  How long does this take to pay off the $2,000? Just minimum three payments without any purchases, which you're incapable of, that exact thing?

• 45:26Speaker 03

  Seven years, seven to nine years.

• 45:28Caleb Hammer?

  10 years. 10 years. You'll be in your mid 30s by the time your past work Victoria's Secret clothes has been paid off.

• 45:38Speaker 03

  So, you know, and then there's that. And then I went to Oklahoma to visit my friend for a baby shower. They are right. I did have to mail clothes home. We went to the Goodwill bins. I went a little crazy at the Goodwill bins, got like nine pounds worth of clothes, shipping them home.

• 45:50Caleb Hammer?

  What?

• 45:51Speaker 03

  Yeah, it's like a dollar a pound.

• 45:54Caleb Hammer?

  I think you have an addiction to just clothes. I think you are allowing whatever.

• 45:59Speaker 03

  I've never been to a Goodwill bin.

• 46:00Caleb Hammer?

  Whatever work requirements were required, which I'm sure there were some, I think you use that as an excuse to do more than you actually needed to do.

• 46:09Speaker 03

  I definitely felt like.

• 46:10Caleb Hammer?

  You went into debt for it, for fuck's sake.

• 46:12Speaker 03

  I felt like intensely pressured to constantly spend money on clothes. Yeah. So like I was constantly spending, by my bosses, by the people I was working with. Like, we were party girls. We were always going out. We had to have clothes for going out.

• 46:21Caleb Hammer?

  That's not for work. That's not for work.

• 46:23Speaker 03

  Those were my work people and we'd still wear that to work.

• 46:25Caleb Hammer?

  For work.

• 46:26Speaker 03

  And I'd still have to buy things for work. I had to have my, for work. I had to have my hair done for work. Like, it was a whole, you, you had a uniform head to toe.

• 46:33Caleb Hammer?

  Though, I need to make that clear.

• 46:35Speaker 03

  Well, no, but I'm saying I also spent money on clothes going out.

• 46:37Caleb Hammer?

  Yes, but this entire time, you framed it as you had to do it for your job.

• 46:41Speaker 03

  The bulk of it was for my job, yes.

• 46:44Speaker 03

  And then there's the side part of it where like

• 46:46Caleb Hammer?

  Listen, if you're going in debt and you can't fully pay it off from your debt, uh, from your income from that job, but you're going into debt in order to be able to do that job, we're not working that job.

• 46:56Speaker 03

  And I'm out of that job now. And I'm out of that job now.

• 46:59Caleb Hammer?

  No one would be working at Victoria's Secret if that was a hundred percent true. If they had to spend more on their clothing than they get paid.

• 47:05Speaker 03

  I probably could have done it in a cheaper way. But I'm feeling all this pressure.

• 47:10Caleb Hammer?

  You had to do this.

• 47:12Speaker 03

  I did. I was getting dress coded regularly. I almost lost my job over my hair one time.

• 47:16Caleb Hammer?

  You should have. Hair is different. You're saying you had to go purchase like a thousand new outfits constantly.

• 47:21Speaker 03

  Yeah, and I did. I did. We had monthly things that we were like, hey, like this is your monthly check in. Like, these are your new items that you've got to have.

• 47:29Caleb Hammer?

  On here alone, forty seven dollars, thirty seven cents of interest. Thank no fees this time.

• 47:37Caleb Hammer?

  Eleven years to pay off, so thirty seven years old. Thirty point two four percent interest. When was the last time you, when did you stop purchasing on this card?

• 47:47Speaker 03

  This card I stopped purchasing on two years ago.

• 47:50Caleb Hammer?

  You haven't had a single purchase in two years?

• 47:52Speaker 03

  Not a single purchase in two years. It was a much higher balance. It was a much higher available balance. And I did call them and I had them close the balance down. So that it wouldn't be like a temptation to spend.

• 48:03Caleb Hammer?

  Now, you don't still spend money on clothing for work?

• 48:08Speaker 03

  Not as much, no.

• 48:10Caleb Hammer?

  Not as much?

• 48:11Speaker 03

  No, like I still buy clothes from time to time.

• 48:12Caleb Hammer?

  But is it for work?

• 48:14Speaker 03

  Yeah, but not like, not like, my work is not making me buy clothes right now by any means, but every so often, like I want to get a new outfit.

• 48:21Caleb Hammer?

  You're a clothes addict. You sent home pounds. Nine pounds of clothing. Even if it was cheap, it is clearly demonstrating how you do it.

• 48:30Speaker 03

  I mean, I like to be on top of the fashion trends. I like to, I like, I like to buy clothes. Yes, I like to buy clothes.

• 48:36Caleb Hammer?

  Eighty thousand dollars of bad debt and you can't do them, the fucking massive list of things that we've talked about. I'm not going to repeat them again. Because it's insane. Clothing, sure, fun. Take care of yourself first for fuck's sake. So surgery for you or the husband?

• 48:52Speaker 03

  Husband.

• 48:53Caleb Hammer?

  Okay, and you're prioritizing you having better fashion than their surgery?

• 48:59Speaker 03

  No, because

• 48:59Caleb Hammer?

  Great, that is what you're actually doing in your behavior, whether you're consciously just saying that or not.

• 49:05Speaker 03

  It wasn't all clothes for me out of that nine pounds.

• 49:09Speaker 03

  Wasn't being fully selfish.

• 49:11Caleb Hammer?

  Did I collect clothes?

• 49:14Caleb Hammer?

  Within that fashion trend, I know lots of people do that.

• 49:17Speaker 03

  I do like to collect clothes. I like to collect jewelry and things like that. I mean, I work in the jewelry industry, so like I have a pretty extensive jewelry collection.

• 49:25Caleb Hammer?

  What's it worth today if you sold it?

• 49:26Speaker 03

  Uh, probably about like thirty thousand dollars in jewelry.

• 49:30Caleb Hammer?

  Way.

• 49:31Speaker 03

  Yeah.

• 49:31Caleb Hammer?

  Yeah, we're selling that shit.

• 49:34Speaker 03

  No, a lot of it was gifted to me. So a lot of it I didn't spend money on.

• 49:37Caleb Hammer?

  I don't care.

• 49:37Speaker 03

  Also, some of it, like, you can't just, like, resell body jewelry. That's gross. It has biomatter on it. You can't just like...

• 49:42Caleb Hammer?

  Jewelry? Oh, I don't know.

• 49:44Speaker 03

  You can't just like sell that.

• 49:45Caleb Hammer?

  What if we can sell, we're selling, though? I mean, that's gonna be a part of a debt payoff journey. It is.

• 49:49Speaker 03

  I mean, I've got some necklaces and bracelets and things that I can get rid of.

• 49:51Caleb Hammer?

  What if we can sell, we're selling?

• 49:53Speaker 03

  Okay.

• 49:54Caleb Hammer?

  Thirty thousand dollars.

• 49:55Speaker 03

  Yes, a lot of it was gifted. A lot of it was gifted.

• 49:58Caleb Hammer?

  How much?

• 49:58Speaker 03

  So I would say probably like twenty thousand of that was in gifts.

• 50:03Caleb Hammer?

  Okay.

• 50:03Speaker 03

  So like my, my grandma has a lot of like heirloom items she's given me. There's things like that.

• 50:08Caleb Hammer?

  I'm not necessarily saying sell heirlooms.

• 50:10Speaker 03

  That's part of my collection, you know, things like that. Like, it's not all like, I'm not swiping the card for all my jewelry, but I do have a pretty extensive jewelry collection.

• 50:18Caleb Hammer?

  Okay, Navy Federal. There's the military thing.

• 50:24Caleb Hammer?

  You owe on this five thousand six hundred seventy seven dollars and ninety two cents. Eighty seven hours of interest accrued. Minimum monthly payment was made. Minimum monthly payment is one forty three and fifty seven cents. What's up with this?

• 50:39Speaker 03

  Well, that is husband's card. That's not my card.

• 50:42Caleb Hammer?

  So you guys are both...

• 50:45Speaker 03

  We both have debt.

• 50:46Caleb Hammer?

  Do you guys sit down and talk about money?

• 50:47Speaker 03

  Yes, once every two weeks, the day before payday, we do a budget.

• 50:50Caleb Hammer?

  Our lives?

• 50:51Speaker 03

  So we've set down a budgeted, we've gone through, we like listed out everything in like order of like most expensive to least expensive, like we've gone through and tried to like figure out the snowball method. I just can't...

• 51:03Caleb Hammer?

  That is the easiest thing to figure out. We can figure that out in five seconds. It's actually executing.

• 51:06Speaker 03

  So I listed it.

• 51:07Caleb Hammer?

  Yeah, but, but no, no, no. But that's what you guys are, is you guys make the list, but you never follow it.

• 51:14Caleb Hammer?

  Why don't you guys follow? Why don't you guys hold each other accountable together?

• 51:17Speaker 03

  We're working on following it. So we're working on that accountability aspect.

• 51:20Caleb Hammer?

  Look where you are. You spent a thousand dollars more than you made. You're not working. That is incorrect. You are not going to sway this conversation like that.

• 51:27Speaker 03

  We're doing these regular check-ins. They might not be working, but we're trying to do them.

• 51:31Caleb Hammer?

  If something's not working, do we continue doing it over and over again?

• 51:33Speaker 03

  That's why we've kept changing the method. Like, so we keep switching up kind of what we're doing. So like, right now, we're doing a more weekly check-in instead of a bi-weekly because we noticed that we're not ending on

• 51:42Caleb Hammer?

  Tell me how they go.

• 51:42Speaker 03

  on track with the budget.

• 51:43Caleb Hammer?

  Tell me how they go.

• 51:44Speaker 03

  So we sit down and while we're eating dinner, we pull up all the things that we have to pay and we pull up our bank statement and we go line by line and look at it and we try to figure out where did we [bleep] up? And where do we need to fix it in the future? And then we start holding that accountability. So like, hey, like, I'm going to spend money and I'm going to go out to eat because I'm in Austin, Texas right now. It's like, we're doing, we're telling each other what we're spending as we're spending it. And I think that's holding a little more accountability than before.

• 52:08Caleb Hammer?

  On what we're spending? No, no, no. Why are we just, we're just telling each other where we're spending money? We're not sitting down and establishing where money should go for the household?

• 52:15Speaker 03

  Well, we're talking about when we're spending [bleep] so that we know when we don't need to spend the money.

• 52:21Caleb Hammer?

  We need to reset. That is not how we do it.

• 52:23Speaker 03

  How though?

• 52:25Caleb Hammer?

  Use again the [bleep] budgeting app and you set, you assign. Where? What?

• 52:31Speaker 03

  The budgeting app doesn't let my bank account in there.

• 52:33Caleb Hammer?

  This one, once we do our switch, Mike.

• 52:35Speaker 03

  Okay.

• 52:36Caleb Hammer?

  But either way, either way, even if it's on a spreadsheet, which is obviously much more manual because that's automatic connections. But even, even still, actually, you could do the [bleep] manual things on this version as well if you really wanted to. So you can still do a digital version without the automatic connections. Obviously, the automatic connections is more [bleep]. Here's the Founder's Edition Notebook, by the way. Sorry, I forgot to give you. So you will journal that and you will bring it back for your follow-up and I'll read it. But either way, you assign where your money goes. That is it. You and him assign where the household money goes and that's where spending can go. And then you address it in the monthly sit-down and then adjust the budget. You don't come back later and say, hey, I spent this on this.

• 53:21Caleb Hammer?

  That, you're not going to get anywhere with that. And that ends up to spending a thousand dollars more than we make on a monthly basis.

• 53:26Speaker 03

  Well, that's why we're doing the weekly check-in. So like, we're checking on the week, making sure all the budgets come.

• 53:30Caleb Hammer?

  I don't think you understand what I'm saying. I'm trying to. So stupid.

• 53:35Caleb Hammer?

  So what was spent on this card?

• 53:36Speaker 03

  This one was-

• 53:37Caleb Hammer?

  That borderline maxed out as well.

• 53:38Speaker 03

  That one was some bills and things like that back whenever a husband had like lost a job, broken his foot, couldn't work for a substantial period of time. Um, so that was putting some bills on there. That was going out to eat a couple of times. That was some things like that. That was from like three years ago though, when this bidding happens.

• 53:54Caleb Hammer?

  Why is this so close to maxed out though?

• 53:57Speaker 03

  Fees and things.

• 53:59Caleb Hammer?

  Fees, fees is from late payments.

• 54:00Speaker 03

  Well, we've missed some payments on that one.

• 54:02Caleb Hammer?

  Why?

• 54:02Speaker 03

  That was like, last year we missed some payments on it.

• 54:04Caleb Hammer?

  Why?

• 54:05Speaker 03

  We were having some issues where people were getting into our cards like very regularly. They were getting into our debit cards. We were constantly having to switch those over to new cards.

• 54:14Caleb Hammer?

  What was happening? How were people getting into your [__] accounts?

• 54:17Speaker 03

  Well, we would, you know, go out to eat and then someone would get our card number.

• 54:22Caleb Hammer?

  Constantly?

• 54:23Speaker 03

  Constantly. The Zaxby's right next to my workplace has [__] my card information like four people.

• 54:27Caleb Hammer?

  What's happening there?

• 54:28Speaker 03

  It's happened multiple times after going to Zaxby's of all places.

• 54:31Caleb Hammer?

  Well, it's because you went to [__] Zaxby's.

• 54:33Speaker 03

  They're right next to my work.

• 54:36Speaker 03

  I don't have to drive anywhere.

• 54:38Caleb Hammer?

  So is anything else on this card? I mean, there were no purchases, but are there subscriptions or anything?

• 54:42Speaker 03

  No, not on that one.

• 54:45Caleb Hammer?

  Eighteen percent interest, right?

• 54:48Speaker 03

  It's better than the other ones at least.

• 54:53Caleb Hammer?

  Yeah, sure. Doesn't really matter though. Okay. Capital One saver card.

• 54:59Speaker 03

  That is husband's as well.

• 55:02Caleb Hammer?

  Do you ever look over them?

• 55:03Speaker 03

  Yes, we look over each other's. That's a newer, that's a newer thing, that's a newer thing we're doing.

• 55:08Caleb Hammer?

  But you don't assign where spending can go.

• 55:11Speaker 03

  Well, we're working on reeling that in and figuring that out. That's what the weekly check-ins are for, is for like, hey, like, we have assigned ourselves this fun money for like going out to eat.

• 55:18Caleb Hammer?

  You guys think you can have fun money?

• 55:20Speaker 03

  I mean, we're trying to use that as like, when we don't take lunch to work, we use the fun money.

• 55:25Caleb Hammer?

  Why don't you take lunch to work?

• 55:26Speaker 03

  There's some days where we just don't have time to cook. And we're in two jobs. We, we do. We mail prep regularly every like Sunday night.

• 55:32Caleb Hammer?

  There should be no issue then.

• 55:35Speaker 03

  That boy eats. That boy eats.

• 55:37Caleb Hammer?

  Put him on a diet. I don't know. What are you talking about?

• 55:40Speaker 03

  It's bulking season.

• 55:42Speaker 03

  So the boy is eating.

• 55:46Speaker 03

  So like a pint of ice cream a day, it's insane.

• 55:47Caleb Hammer?

  Then meal prep the.

• 55:50Speaker 03

  We meal prep, but like we just don't always get to get back to the Sunday routine. Sometimes there's like extra homework and things that just throws off our week and then yeah, actively in school and he's going for a PhD.

• 55:59Caleb Hammer?

  Oh, I thought he wasn't in it.

• 56:01Speaker 03

  No, actively in school. Plus like I don't cook, so that's.

• 56:07Caleb Hammer?

  A little cook that use the cookbook that comes with the budget now. It's so easy.

• 56:11Speaker 03

  I just literally don't know how to cook.

• 56:13Caleb Hammer?

  Follow the instructions.

• 56:16Speaker 03

  I don't think, like I, I burn water.

• 56:18Caleb Hammer?

  Dude, you're fucking then and can't be allowed to operate a car if you can't boil water. Like, I don't know what to tell you. If you can't figure out how to use a stove, I don't want you around a multi-ton vehicle.

• 56:30Speaker 03

  I mean, I can, I can cook like your most simple, basic things, but like I can't, I can't cook a whole meal. Like I'm out of here with like a balanced diet if I'm cooking for myself. I'm making.

• 56:39Caleb Hammer?

  Excuse, excuse, excuse. You're never gonna do anything in your life.

• 56:42Speaker 04

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• 57:11Caleb Hammer?

  The $90 and 10 cents of purchases on here with $23.08, 14 cents of interest.

• 57:19Caleb Hammer?

  You okay with it? It's your security system and Spotify.

• 57:24Speaker 03

  Makes sense.

• 57:25Caleb Hammer?

  But why is it on a card that is accruing interest that we are not paying off?

• 57:28Speaker 03

  Cause I can't confidently move these things to my debit card because I still have to pay my credit card payments. And at the end of every budget, I still come out at zero.

• 57:36Caleb Hammer?

  You can't afford these things.

• 57:40Caleb Hammer?

  Can't afford the 715 going out to eat if you're not confident enough to put your subscriptions that you need in your checking account. You can't afford going out to eat then. This is pretty basic.

• 57:53Speaker 03

  This is for my birthday, like this was like me going out for my birthday.

• 57:57Caleb Hammer?

  Yeah, ADT, that's for my birthday.

• 57:58Speaker 03

  Well, the ADT is not my birthday, but like the going out to eat, that was like from my birthday. Like I went out with a couple of different groups of people for my birthday.

• 58:05Caleb Hammer?

  The rest of my year, I will never understand. I can't, I can't, I can't, I can't get there. I can't get there, I'll never understand.

• 58:14Speaker 03

  I mean, I had groups of friends, they wanted to do things, I wanted to do.

• 58:17Caleb Hammer?

  Man.

• 58:18Speaker 03

  You know, like it's not something I'm like planning on doing every single month.

• 58:24Caleb Hammer?

  29.74% interest rate. Quicksilver.

• 58:31Speaker 03

  So that actually used to be a Walmart card.

• 58:34Caleb Hammer?

  To go through. Okay, $1,882.2.

• 58:41Speaker 03

  So that was a Walmart card. That wasn't always a Quicksilver, they just recently switched that over.

• 58:45Caleb Hammer?

  And there's fees, there are fees.

• 58:49Speaker 03

  I told you, they got into my card, I had to switch everything around, I messed up a couple of them. I'm taking the L on that one. That was for groceries. There were some times where we just couldn't afford groceries.

• 58:58Caleb Hammer?

  $47 of interest, $39 of fees, $49.15 of purchases. I don't even know. Also another 11 years to pay off. No, it's for the vet.

• 59:15Speaker 03

  Yes, so we have five pets. We have pet insurance on all of them.

• 59:20Caleb Hammer?

  Where are they?

• 59:21Speaker 03

  So I have four cats and a dog. And then the pet insurance, one of them comes out of there, one of them come, the rest of them come out on another one, and we're slowly switching them over to our debit card. So I think I have like two of them on my debit card right now.

• 59:34Caleb Hammer?

  And then, yes, it's a past due fee.

• 59:36Speaker 03

  It's a past due fee, I messed up. We've got the cards in the right order now, we should be good.

• 59:44Caleb Hammer?

  But I don't believe that you'll be good. Look at, you paid off that three times. Look where you are. All your excuses, birthday month.

• 59:52Speaker 03

  This time I'm working on it though. Like this time I'm working for it.

• 59:56Caleb Hammer?

  That requires so much trust that I do not have based on your life experiences, based on what you have done, based on what you've brought here and the actions in the most recent month. How the can I just walk away and be like, okay, you're right. You're just working on it. That doesn't make sense. That is not how this is gonna work.

• 1:00:11Speaker 03

  You know, I splurged one month. I'm not gonna splurge every month.

• 1:00:13Caleb Hammer?

  You, you can't take a statement without having to have a but.

• 1:00:21Speaker 03

  Well, I want to give you the explanation for it.

• 1:00:23Caleb Hammer?

  Your explanation's stupid. 28.99% interest rate. Regular Capital One.

• 1:00:31Speaker 03

  That one's mine. That was my second credit card ever.

• 1:00:35Caleb Hammer?

  785,084 cents with your household income should be able to just get taken care of like that. Minimum payment was made. $18. What?

• 1:00:44Speaker 03

  I would let's do it like that.

• 1:00:45Caleb Hammer?

  Then do it.

• 1:00:45Speaker 03

  Okay.

• 1:00:46Caleb Hammer?

  You purchased, you purchased that much going out to eat almost. You could have.

• 1:00:51Speaker 03

  Well, maybe next month I will.

• 1:00:54Caleb Hammer?

  Oh my gosh.

• 1:00:58Speaker 03

  I'm trying not to hit you with the buts that you were asking me to stop using.

• 1:01:00Caleb Hammer?

  Six, $26 a month is your minimum payment with $18.51 cents of interest. What's up with this card?

• 1:01:07Speaker 03

  Well, with this card, I'm paying more than the minimum. I'm paying 50 a month on it, trying to get it down a little quicker so that I can just pay it in a lump sum here soon. Um, with this one, it was my second ever credit card. It was originally for school books and things like that. I was using it to pay off with the reimbursement checks. And then it slowly became clothes shopping. Surprise, surprise. I know.

• 1:01:26Caleb Hammer?

  It's not work. You can't blame it on that. It wasn't your password. It's not your current work. Takedo, Takedo, Takedo! There's a YouTube membership right here too! Whose YouTube membership are you possibly subscribing to? I'm actually a Hammer Elite member. Oh, okay. The one where you get to see brand new content every single day, access to two exclusive financial audits every single month, and access to our official, brand new call-in show, Hammer It Out, weekly live streams. You ready?

• 1:01:59Caleb Hammer?

  And extra behind the scenes content. Are you really doing an ad read? Well, Hammer Elite is the number one YouTube membership community with over thousands of hours of content. It's literally all I watch when I get home from work. Make sure to join Hammer Elite now for the biggest membership content library on YouTube. See you inside.

• 1:02:20Speaker 03

  It's not my current work. My past work did get me in a really bad headspace with buying clothes and I'm recovering from that. I have a lot of addiction tendencies.

• 1:02:27Caleb Hammer?

  I think it was the people around you.

• 1:02:29Speaker 03

  Probably. I have a lot of addiction tendencies. Shopping is not my only one, you know? I also like to smoke and things like that. So like, I also like to smoke and vape. You know, like, it's not the only addiction I have in my life. So, you know, with some therapy, we're overcoming some addictions and...

• 1:02:43Caleb Hammer?

  Maybe, but also no, because that hasn't changed. You just did the Goodwill pounds and you're vaping now.

• 1:02:51Speaker 03

  That was on a vacation situation.

• 1:02:53Caleb Hammer?

  Oh, my gosh, there's no, oh, I can't even, I don't know how to describe you. It's just like, you say incorrect information and then you're just like, but, and then it's okay. It's okay. I'm gonna have a little excuse that excuses all of it.

• 1:03:07Speaker 03

  I feel like if I can justify it, then it's gonna be okay. So I look for a justification.

• 1:03:13Caleb Hammer?

  So you can do anything on vacation?

• 1:03:14Speaker 03

  I mean, I can't just do anything.

• 1:03:17Caleb Hammer?

  Then why does that make it okay?

• 1:03:18Speaker 03

  Well, if I can justify it, then it is okay.

• 1:03:22Caleb Hammer?

  You're only justifying it because you were on vacation.

• 1:03:24Speaker 03

  Yeah, like, I'm not gonna, there's no Goodwill ban at home. It's like, I can do this every other day. Like, it was an experience. It was something that I've never done before, never seen before.

• 1:03:32Caleb Hammer?

  Can't have Oklahoma and heroin every day.

• 1:03:34Speaker 03

  Exactly. You know, like...

• 1:03:37Caleb Hammer?

  So that would be okay.

• 1:03:38Speaker 03

  Well, not heroin. Heroin's god awful for you. I've seen some effects of some pretty heavy drug use. Like, that's not something I'm trying to go down. I'm trying to handle these, like, tiny addictions now, so I don't end up down that road.

• 1:03:48Caleb Hammer?

  You're $80,000 in bad debt and you can't make the payment of the four major things we talked about. Your addictions have led you down that road and you're not actually changing them. You're one of the people that's like in therapy and you think because you're in therapy, you're changing, but you're not putting in the actual action that's required to change.

• 1:04:03Speaker 03

  I only recently started therapy.

• 1:04:06Speaker 03

  So, and that's what's even gotten me on the kid to like trying to fix.

• 1:04:11Caleb Hammer?

  Reasonable conversation, twenty six point seven four percent interest rate. Okay. Firestone, classic.

• 1:04:18Speaker 03

  So we had some car issues come up. There was, yeah, well, you know, there's some traveling for military schools, you know, going to Missouri and things like that. And one of the guys in the unit got stuck in a ditch. And my husband decided to try to help him out of the ditch, tore up the back axle on the old car completely.

• 1:04:36Caleb Hammer?

  You passed two on this one as well.

• 1:04:37Speaker 03

  Treaded it up.

• 1:04:38Caleb Hammer?

  Oh, look at me, it's three now, three.

• 1:04:43Speaker 03

  I told you I had that little hiccup with everything.

• 1:04:45Caleb Hammer?

  I've heard, but then of course we went on that other credit card and it was a couple of months in a row. So not just a little hiccup.

• 1:04:56Speaker 03

  I mean, I can't, I can't justify it anymore. You don't want to hear the justifications, so.

• 1:05:01Caleb Hammer?

  No. So thirty two dollars a month normally.

• 1:05:08Caleb Hammer?

  I want a real answer. I want acceptance. It's not about having to justify seven hundred sixty eight dollars and fifty seven cents to balance on here. So again, fees, interest, what is up with this card?

• 1:05:21Speaker 03

  This car is getting paid down actively. We're not spending on it. We don't have any major car repairs coming up. We're doing regular maintenance on our cars to avoid this car ever being used again.

• 1:05:30Caleb Hammer?

  Paid down, by the way, payment, zero dollars.

• 1:05:33Caleb Hammer?

  Okay, why, so it was the friend. What was the purchase? How much was it and when?

• 1:05:37Speaker 03

  We maxed it out. They, we went to.

• 1:05:40Caleb Hammer?

  Couldn't purchase?

• 1:05:41Speaker 03

  So it messed up our car, not their car. So we had to repair our car. There was no insurance to assist with it because it was like a voluntary trying to help somebody else out of a situation instead of waiting on like a tow truck out in the middle of nowhere. So with that, it messed up our car. We had to pay for that on our own. Opened up the Firestone card because we didn't have an emergency fund. We didn't have any savings at the time. Put it on there and.

• 1:06:04Caleb Hammer?

  Twenty eight point eight percent interest rate.

• 1:06:06Speaker 03

  I'm trying to pay it now.

• 1:06:07Caleb Hammer?

  When was it?

• 1:06:07Speaker 03

  This was like two years ago.

• 1:06:09Caleb Hammer?

  Okay, come on.

• 1:06:11Speaker 03

  So I mean, this wasn't too terribly long ago, but it was like almost two grand worth of car work.

• 1:06:17Caleb Hammer?

  Emergency fund instead of fun.

• 1:06:20Speaker 03

  That'd be nice.

• 1:06:21Caleb Hammer?

  For things like this, that'd be nice. You would have had it. If you prioritized it, you didn't. You didn't put in the action. You think things just happen.

• 1:06:30Caleb Hammer?

  You think they just come. Okay Nissan Nissan Rogue Sport.

• 1:06:36Speaker 03

  Yeah, so that is our new car.

• 1:06:38Caleb Hammer?

  You have a new car?

• 1:06:39Speaker 03

  Not by choice, not by choice, not by choice.

• 1:06:42Caleb Hammer?

  What do you mean not by choice? It was just nice to get the price you did.

• 1:06:45Speaker 03

  I wouldn't even say that. So.

• 1:06:47Caleb Hammer?

  Price of the car, I would. You probably went to what, two dealerships next?

• 1:06:50Speaker 03

  No, I went to four.

• 1:06:52Caleb Hammer?

  Four?

• 1:06:53Speaker 03

  Four dealerships. And there's only like four in town. So.

• 1:06:56Caleb Hammer?

  Go to the next town.

• 1:06:57Speaker 03

  So with that, about October, husband works at a bar, is coming home around five, six AM from the bar, gets into a hit and run accident, totals our vehicle.

• 1:07:10Caleb Hammer?

  Do you have insurance? Did you have gap insurance?

• 1:07:11Speaker 03

  We had insurance. We did not have gap insurance. Our insurance denied our claim. So there was no money coming out of it. Um, I've gotten in touch with an insurance lawyer and I, I've still yet to get a solid answer on any of that. Our insurance should have covered it. They are not. They're denying all of our claims. I'm been actively trying to fight with them. They say that our insurance doesn't cover the fact that it was a hit and run and we didn't got no plates or anything on the person. There's no cameras or anything there. People just rolled up to the scene to a flipped vehicle. So there was nothing there to help us with our case.

• 1:07:42Caleb Hammer?

  Fifteen thousand dollars it's worth.

• 1:07:45Speaker 03

  So originally, the car was 12,000 when we bought it. Um, well, no, we ended up just taking the savings that we did have and paying off my car, which there was only about thirty five hundred owed on my car so that we could take out another car loan. So I got this car under the assumption that it was like 12,000 dollars and then I got a bill for 22,000 dollars.

• 1:08:06Caleb Hammer?

  What the fuck are you talking about?

• 1:08:08Speaker 03

  I'd also like to know, because I've gone down to the dealership. I've called the bank. I've even gotten in touch with a lawyer because there's paperwork with my name on it with incorrect numbers on it.

• 1:08:16Caleb Hammer?

  Well, there you go. Then getting in touch with a lawyer, but I'm also having a hard time believing you.

• 1:08:20Speaker 03

  I have been on the phone and nonstop with these people. I've gone down there.

• 1:08:23Caleb Hammer?

  Yeah, but a lawyer.

• 1:08:24Speaker 03

  Original paperwork that I'm sent home with even says 12,000 dollars and everything that the bank has says 22,000 on it.

• 1:08:30Caleb Hammer?

  Did you bring that paperwork?

• 1:08:32Speaker 03

  I even took it to the lawyer.

• 1:08:33Caleb Hammer?

  No, did you bring it here?

• 1:08:34Speaker 03

  Did I bring it here? No, I did not bring it here.

• 1:08:36Caleb Hammer?

  Why? What time?

• 1:08:37Speaker 03

  Well, I was traveling to see friends and things like that. I didn't, that was the last thing on my mind.

• 1:08:43Caleb Hammer?

  Okay, so how much did you put down on the car?

• 1:08:46Speaker 03

  Uh, we put fifteen hundred down on the car.

• 1:08:48Caleb Hammer?

  Okay, so you guys had an extra fifteen hundred dollars.

• 1:08:50Speaker 03

  That pretty much wiped everything from our bank account.

• 1:08:55Caleb Hammer?

  I'm being told you had to ask friends and family for help to put down money.

• 1:08:59Speaker 03

  Yes, so we, we paid off my car.

• 1:09:01Caleb Hammer?

  If I didn't know that, because I have people in my corner here, you would have just lied. And allowed that to just coast.

• 1:09:07Speaker 03

  Was it a lie because you didn't ask?

• 1:09:09Caleb Hammer?

  I asked, how much did you put down?

• 1:09:11Speaker 03

  And I told you, I put down fifteen.

• 1:09:12Caleb Hammer?

  And I said, so you had fifteen thousand dollars?

• 1:09:15Speaker 03

  And it, I mean, it wiped our bank account after I dropped it in.

• 1:09:18Caleb Hammer?

  You were given money.

• 1:09:20Speaker 03

  We did a GoFundMe.

• 1:09:22Caleb Hammer?

  See, that is different. I see, this is why I cannot trust you. I can't trust you with that price tag of the car and the contract and stuff. Look how you, look, if I don't ask a very specific, it's like,

• 1:09:35Caleb Hammer?

  it's like, if, if he ever wants to know if you cheated on him, he has to like, ask if you've cheated in a certain sexual position with a very specific individual person for you to say yes.

• 1:09:44Speaker 03

  No.

• 1:09:44Caleb Hammer?

  That would be the only way for you to admit something. You have to have, like, it has to be the absolute.

• 1:09:50Speaker 03

  Well, I'm trying to answer your questions. I'm trying not to justify things because you don't want justifications. You don't want the buts.

• 1:09:55Caleb Hammer?

  Justification is saying you had money from other people. What are you talking about? You just said yes, but that was wrong. It was from other people.

• 1:10:05Speaker 03

  Well, thousand of it was mine, five hundred dollars was crowdsourced.

• 1:10:10Speaker 03

  And then the thirty, five hundred dollars that I paid on my car was from me.

• 1:10:24Caleb Hammer?

  Okay, gosh, this is so hard to trust anything you say. What is the interest rate on this?

• 1:10:29Speaker 03

  Like eight percent?

• 1:10:30Caleb Hammer?

  Eight point three. It's not good. It's not keeping up with the market. Then you have a depreciating asset, one that you're already like seven thousand dollars in negative equity.

• 1:10:42Caleb Hammer?

  Right, your payment, three fifty-one, sixty-three. These are stacking up. These payments are stacking up.

• 1:10:53Caleb Hammer?

  CarMax, is this for a different?

• 1:10:55Speaker 03

  So that's for the Jeep, that's for the total Cause we didn't have gap insurance, so I still owe on that one.

• 1:11:01Caleb Hammer?

  So it wasn't rolled over, okay.

• 1:11:02Speaker 03

  No, it's two individuals.

• 1:11:07Caleb Hammer?

  Okay, minimum monthly payment for, uh, sorry, minimum monthly payment, three forty-four thirty-nine, with a balance of eight thousand four hundred twenty-three dollars and twenty-two cents.

• 1:11:23Caleb Hammer?

  Okay. Insurance rate nine percent, so it's even worse.

• 1:11:27Speaker 03

  Neither one of us necessarily wanted to spend the money on this car the way we did. We were gonna look into refinancing it the year that we totaled it.

• 1:11:35Caleb Hammer?

  Well, now you have to pay something eight thousand four hundred twenty-three for something that has nothing.

• 1:11:39Speaker 03

  And we tried to see if we could take that car and sell it for parts or anything like that, and it would actually be more expensive to even just get it out of the lot. It is completely totaled.

• 1:11:48Caleb Hammer?

  Scraps?

• 1:11:49Speaker 03

  I mean, we tried. It's more expensive to get it out of the lot to sell it for scraps than what we would make on scraps. It's in a junkyard in town. Yeah. So we tried to, cause we were gonna take that and just put some of that extra towards it, but it costs more to even do that.

• 1:12:04Caleb Hammer?

  Okay, well, this one I feel bad about. I don't know about the insurance thing. Well, I think, obviously, I would recommend looking into that more.

• 1:12:11Speaker 05

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• 1:12:27Caleb Hammer?

  This is the first one that I feel like sympathy over, cause the rest have been you. This, I mean, this was a stupid debt, probably, but the car no longer being here? That was less your fault.

• 1:12:42Caleb Hammer?

  Okay, student loans, instead of adding all these stuff individually, I did see, it was like...

• 1:12:46Speaker 03

  I think it's like thirteen thousand?

• 1:12:50Caleb Hammer?

  Yeah, thirteen thousand six. So what's up with the payment status of these?

• 1:12:53Speaker 03

  So I was on the save plan. That's no longer a thing. So they sent me an email saying that I had four months of back payment and they were gonna start garnishing my wages if I didn't just pay it.

• 1:13:02Caleb Hammer?

  Back payment, really?

• 1:13:04Speaker 03

  So I went through and I paid the four months of back payment. I tried to pull-

• 1:13:07Caleb Hammer?

  How much was that?

• 1:13:07Speaker 03

  It was about five hundred dollars. So it's about one thirty a month here going forward.

• 1:13:12Caleb Hammer?

  One thirty, okay. And they're probably all relatively meh interest rates, like four or five percent?

• 1:13:19Speaker 03

  Yeah, they're not super duper high. I think they're like a three point five.

• 1:13:21Caleb Hammer?

  We can probably minimum payments until those are paid off. Is there seriously still more? My, this is insane. Okay, so you got fifteen, or thirteen thousand dollars in student loans. That's actually not horrible. It's certainly below the median. Uh, did you graduate?

• 1:13:36Speaker 03

  So I have an associate's in arts. I have an associate's in business management and a bachelor's in accounting.

• 1:13:40Caleb Hammer?

  Oh, okay. A bachelor in accounting. We can't figure out a budget. Okay.

• 1:13:45Speaker 03

  So accounting was not my field. It was not my thing. I, I strictly glided past, I glided past my C's, C's get degrees. So glided past my classes. It was not a field I was going to work in. I admitted that to myself. I admitted that to my husband. I-

• 1:13:57Caleb Hammer?

  Yeah, I mean, you manage a tattoo shop for just twenty bucks an hour, essentially.

• 1:14:01Speaker 03

  It is not the field for me.

• 1:14:03Caleb Hammer?

  If you ever want to change things, obviously I can gift you a course career certification of your choice that helps boost your resume, change careers. A lot of people in the audience have used it. Um, okay.

• 1:14:16Caleb Hammer?

  Four months of back pay, that's brutal. I was not aware of that. And I gotta look more into that if all the people that have been on our show that had saved, do they have all these back pays all of a sudden?

• 1:14:24Speaker 03

  They just sent me the email last month when I was sending you all of this even. Um, and I never even got the notifications that I was past due.

• 1:14:32Caleb Hammer?

  What are you trying to do for a career path? Cause you're not making as much as you-

• 1:14:35Speaker 03

  So that is something I'm trying to like actively figure out right now. I, I genuinely really don't.

• 1:14:40Caleb Hammer?

  You don't have a desire for anything?

• 1:14:42Speaker 03

  I, I'm leaning really into the graphic design field. Um, it's kind of a combination of what I've been doing now in my current job. And so I'd like to look into getting more into that. Um, I'm just not prioritizing my schooling or going back to school since husband is actively in school. Um, so, but with the idea of having to move soon, that is becoming a little more terrifying because there's no guarantee I can just find another tattoo shop to work out.

• 1:15:07Caleb Hammer?

  Oh, this is the mortgage. Okay. So what's owed on the mortgage? Two hundred sixty thousand, four hundred forty-six and thirty cents. Okay, I don't want the internet to see. And Zillow is not uber accurate, but it's gonna give us at least something to work with.

• 1:15:26Speaker 03

  And we have added a fence to our house, so that did increase some property value.

• 1:15:31Caleb Hammer?

  Yeah, we'll see. I mean, I don't know.

• 1:15:34Speaker 03

  It's not a ton, but it did a little something.

• 1:15:37Caleb Hammer?

  I'm gonna have you look it up on my phone. While this comes back.

• 1:15:43Caleb Hammer?

  Alright, type in your address.

• 1:15:48Caleb Hammer?

  Mortgage payment is one thousand six hundred and nineteen dollars and ninety-five cents. So it thinks, it thinks it's better than you said. Now, it is quite generous, typically.

• 1:16:04Caleb Hammer?

  Okay, but it suggests that you have an equity position.

• 1:16:11Caleb Hammer?

  About sixty-eight thousand. So I think, listen, even if you do have to sell for a little lower than this, I think you will walk away with money. I think you'll probably walk away with twenty to thirty in cash. All goes well. Because a lot of people are having to drop prices these days. Don't just, don't try to over, over ask. That's what a lot of sellers are fucking themselves with, and then they're on the market forever. Then people are like, why is it on the market forever? Psychologically, things get involved, and then people are like, I'm not gonna bid on this house. It's been on the market forever. Yeah?

• 1:16:41Speaker 03

  That's fair. Yeah.

• 1:16:44Caleb Hammer?

  Okay, is that, is that all the debt?

• 1:16:47Speaker 03

  Yes.

• 1:16:49Caleb Hammer?

  That is one, two, three, four, five, six, seven, eight, nine, ten, eleven, twelve debts. Twelve debts, student loans being something that could increase our value, you're not really utilizing that. And the house is obviously something that has helped. And we probably made the right decision going into the housing position that you did. So.

• 1:17:11Caleb Hammer?

  One good debt, essentially. One good debt.

• 1:17:17Caleb Hammer?

  In this checking account, $182.

• 1:17:21Caleb Hammer?

  ATM withdrawal, $140. Who knows where that went?

• 1:17:23Speaker 03

  Oh, that was a-

• 1:17:24Caleb Hammer?

  Went to a restaurant, Apple bill, Target, then went out 15, Prime Video, Bojangles.

• 1:17:33Caleb Hammer?

  Mm-hmm. Coffee, got some BS, Prime Video, Marco's Pizza, Black Mountain. Snapchat? The f*** is paying for Snapchat?

• 1:17:44Speaker 03

  Who is paying for Snapchat?

• 1:17:45Caleb Hammer?

  You guys!

• 1:17:48Caleb Hammer?

  It was a cheap one. It was like restoring a f***ing streak.

• 1:17:51Speaker 03

  Oh, Jesus. That was my husband.

• 1:17:55Caleb Hammer?

  What a man.

• 1:17:56Speaker 03

  I know.

• 1:17:57Caleb Hammer?

  Restoring a Snap. Oh, it f***ing, oh! It continues so much! Look at this, it's all bull- Yeah, that's why the spending's crazy at the beginning. We didn't see it until now. ATM fee, ATM withdrawal, $123. Apathica, Apotheca.

• 1:18:15Speaker 03

  That's a vape shop.

• 1:18:16Caleb Hammer?

  Oh, f***ing, just wonderful. Just absolutely fantastic. Cinema, cinema. Restaurant, Hulu. Amazon, Amazon. Pike Place, I think, Teswell?

• 1:18:28Speaker 03

  Oh, that's parking. We have to pay to park, so we didn't get a parking pass this year. Yeah, we didn't get a parking pass this year. Um, it's expensive. Our Che Guevara, delicious.

• 1:18:40Caleb Hammer?

  Yamato, Bloom Shop, Blom Shop, Nail Spa, Bird App, Bird App, Westo, McDonald's, Cinnabar, Barnes and Noble, Drake's, Thrift Books, Regal?

• 1:18:55Speaker 03

  The parking and the other stuff is gonna start coming off. That $140 was for an electric scooter, so we can park in the free parking, which is about 30, 45 minute walk away, and we now have a scooter that we own that we don't have to pay any extra for to get there for free parking.

• 1:19:09Caleb Hammer?

  Taco Bell, Smoke Shop, Thrift, Books, more Books. Just listen. Webber's for now.

• 1:19:14Speaker 03

  The Thrift Books were for textbooks. The Thrift Books was textbooks.

• 1:19:18Caleb Hammer?

  Okay. That was textbooks. Barnes and Noble, that was me having Journeys, was that for textbooks? Oh, I can't give you so much. Amazon ATM withdrawal, three hundred dollars. Amazon Retta. Tommy Tent, Scruffy City, Taswell Pike Place, Amazon, Zaxby's, Retta. Going and getting some BS, Venmo out, Watson's E-Commerce, Smoke Shop, Alta, Krispy Kreme, Chick-fil-A, Victoria's Secret, come on, come on. That's when I took myself out for my birthday. Your birthday, I don't give a, it was twenty-six, doesn't even matter. I know. It's nothing. But this is like the first year I've had like a group of friends. Shut the fuck up. I don't care. It doesn't matter.

• 1:19:58Caleb Hammer?

  Celebrate it when you're out of fucking debt. When you can do the things you want to do, including pay the fucking IRS, then you can have a birthday month. Out of loud, a birthday. Cash App out, Tommy's Tent. It does not stop. Preservation, Preservation, McDonald's, Taco Bell. Bird Daniels. Preservation, Bird Daniels. Preservation, Netflix, Turn Club, Amazon, Oliver Hotel, Cash App, Watson Commerce. Going and getting some BS, Victoria's Secret again, Blomshop, McKay used books.

• 1:20:35Caleb Hammer?

  Tommy's Tents, Tommy's Tents, Alta. Reee, something. Pike Place, Kindle. Stop it. Stop it, stop it. Libraries. They're not all textbooks. They can't be. They're not. Venmo.

• 1:20:51Caleb Hammer?

  Okay. Other checking account, a hundred seventy-two dollars. BS, Sonic Drive-In, vaping, vaping, the amount you guys spend on vaping is insane. Absolute fucking insane. Subscription, Arbus, used books. Yeah. And then a maintenance fee because you didn't have enough money in there because you got it all on vaping and books. You just vape and read, vape and read while getting your stupid bull.

• 1:21:14Caleb Hammer?

  Can you sell your books? Use books?

• 1:21:16Speaker 03

  Yes, I actually cancel.

• 1:21:17Caleb Hammer?

  What do you have like worth?

• 1:21:18Speaker 03

  Uh, probably between the two of us, like $6,000.

• 1:21:21Caleb Hammer?

  Sell them!

• 1:21:24Speaker 03

  Okay.

• 1:21:24Caleb Hammer?

  You can get them back again. I can sell some of them. It costs money, but like, get out of debt. $27 in this account. You went in, got some books. Ah! Old year up. Smoke shop, Chick-fil-A. Use books! Chick-fil-A! Wiggles, Wiggles. TikTok shop, TikTok shop, $63.

• 1:21:47Speaker 03

  Hey, that was a cat tree. That was actually a really good deal on a cat.

• 1:21:49Caleb Hammer?

  Congratulations, your cat can climb up a couch.

• 1:21:53Speaker 03

  I like my couch.

• 1:21:54Caleb Hammer?

  In debt. Chick-fil-A. Use books. Chick-fil-A, oh, sorry, I already did that one. Okay, Chick-fil-A. Something pop up. Use books, $101. You don't, you do not read that quick.

• 1:22:06Speaker 03

  I read 200 books a year on average.

• 1:22:08Caleb Hammer?

  That's great. I started picking up reading this year too, and I'm calling through books, but you are not reading them that fast. Listen, I've seen like, what, $300 of books purchases in a month?

• 1:22:18Speaker 03

  My husband is also a fast reader. My husband also has to read a lot for school.

• 1:22:22Caleb Hammer?

  These are not for school, though, not all of them.

• 1:22:24Speaker 03

  Not all of them.

• 1:22:24Caleb Hammer?

  Come on, I have to use. Okay.

• 1:22:27Speaker 00

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• 1:22:56Caleb Hammer?

  $5 in this account. What is this? Oh, savings.

• 1:23:01Speaker 03

  We don't use that as a savings account. That's just the automatic one.

• 1:23:04Caleb Hammer?

  What is this, $15,000?

• 1:23:06Speaker 03

  That is our savings account that has the money for the surgery.

• 1:23:09Caleb Hammer?

  Oh.

• 1:23:09Speaker 03

  And the extra money that I wanted to have for post-surgery recovery in case anything comes up.

• 1:23:14Caleb Hammer?

  This is a change.

• 1:23:15Speaker 03

  Yeah.

• 1:23:16Caleb Hammer?

  This is a positive change. After a mountain of death. 23 cents, okay. So $13,014.23.

• 1:23:28Caleb Hammer?

  What did it start at? It went up.

• 1:23:31Speaker 03

  I'm trying.

• 1:23:31Caleb Hammer?

  I'm surprised.

• 1:23:32Speaker 03

  I'm trying to save money.

• 1:23:33Caleb Hammer?

  $200 in retirement, okay, that's not great. Obviously, the disability, that's gonna last forever.

• 1:23:43Caleb Hammer?

  So you think, I'd say 8,500 hits your account. Hopefully when the hours go up, that's better. Debt payments, not including mortgage.

• 1:23:51Speaker 03

  We just got the hour increase this week, actually, so that will be coming up.

• 1:23:58Caleb Hammer?

  Hundred sixty-one dollars.

• 1:24:01Caleb Hammer?

  Debt payments, one thousand six hundred fourteen dollars and fifty-nine cents.

• 1:24:07Caleb Hammer?

  Not including mortgage. Mortgage, one thousand six hundred nineteen dollars and ninety-five cents.

• 1:24:12Speaker 03

  That did increase fifty dollars because of taxes.

• 1:24:16Caleb Hammer?

  Okay.

• 1:24:17Speaker 03

  So it went fifty dollars this year.

• 1:24:18Caleb Hammer?

  Forever. Okay, utilities?

• 1:24:20Speaker 03

  Utilities, twenty-five for water. It's one eighteen for internet. It's

• 1:24:28Caleb Hammer?

  That's expensive.

• 1:24:29Speaker 03

  About two hundred for KUB, which is lights and electric. Those are the big ones.

• 1:24:34Caleb Hammer?

  Okay, three forty-three. Gas, room, room, drive, drive, both?

• 1:24:37Speaker 03

  For both of us, it's about eighty dollars a month.

• 1:24:40Caleb Hammer?

  Phone bill?

• 1:24:41Speaker 03

  Phone bill is about one fifty a month.

• 1:24:44Caleb Hammer?

  Car insurances?

• 1:24:44Speaker 03

  That is thirteen hundred dollars every six months, and that'll be coming out in another month.

• 1:24:49Caleb Hammer?

  We gotta save for it, so, every six?

• 1:24:51Speaker 03

  Every six.

• 1:24:52Caleb Hammer?

  So, two seventeen. Is what we budget to save them for. Six hundred dollars for food, should be fine. TP fund, anything else need to survive, we'll do one fifty, should be good. Medical health expenses, monthly basis?

• 1:25:07Speaker 03

  About three hundred dollars.

• 1:25:09Caleb Hammer?

  Really?

• 1:25:09Speaker 03

  Yes.

• 1:25:10Caleb Hammer?

  Post-tax?

• 1:25:10Speaker 03

  So

• 1:25:11Caleb Hammer?

  Post, everything?

• 1:25:12Speaker 03

  Yeah, post, everything, post, everything. I am not covered on the VA's insurance. Pet insurance, it's thirty-five per pet, and I have five pets, so about one eighty.

• 1:25:23Caleb Hammer?

  One seventy-five, okay, pet food?

• 1:25:24Speaker 03

  That's about two hundred dollars for absolutely everything the pets need every month.

• 1:25:28Caleb Hammer?

  Including pet insurance?

• 1:25:29Speaker 03

  No, that is like litter, food for both of them. That's ninety for both of us every month.

• 1:25:36Caleb Hammer?

  Ninety together?

• 1:25:37Speaker 03

  Yes.

• 1:25:38Caleb Hammer?

  Okay.

• 1:25:41Caleb Hammer?

  Anything else that needs to be in your budget that I have not put in your budget?

• 1:25:44Speaker 03

  Oh, we have trash every six months. That's 200. I'm sorry.

• 1:25:48Caleb Hammer?

  Oh, that's fine. You have an extra... Come on. Listen, I'll give you $300 for fun.

• 1:25:56Caleb Hammer?

  You still have an extra... This is called 2,500. The rest can be budget for fun. I mean, come on. This is 5,539 to survive on a monthly basis. This is so stupid. There is no reason to be in this debt.

• 1:26:12Caleb Hammer?

  Not at all. And that pisses me off more than the people that are, you know, struggling. You're not even struggling. This is all choice. This is all choice. Okay, 71,092 dollars and 94 cents of bad debt divided by 2,500. Gonna take 28 months, two years, cut another six months after that to get a fully funded emergency fund. It's fine. Listen, I know we have to include that extra 8,000 for the surgery, but you already can cash flow with that 13 and savings. And you already have what is necessary for that longevity. So we don't even have the budget in that. But budget in the move, obviously, but you're gonna get the sale of the home, but that's probably after move. So you're probably gonna subsidize, or you're probably gonna, let's say,

• 1:26:59Caleb Hammer?

  budget in here, probably not paying off debt for a couple of months to pay for the move. And then take the lump sum from the sale into the house and throw it towards that only if, I don't want to repeat it for the fourth time now, you actually change your behavior. This is so stupid. This is all behavioral. There is nothing else here. This is all behavioral. You can pay off debt. You shouldn't even be in debt. This is so silly. And we'll call, well, I'm gonna call the husband in the post show, because this is ridiculous. This is ridiculous. I need to talk to him. This is crazy. What a... This is upsetting. You have so much money left over. This is all personal choice. Birthday month, that's what's more important. Spending a budget, you overspend, so you're on a 10.

• 1:27:38Caleb Hammer?

  Debt, you have to, well, nothing in collections. Oh, the IRS thing's coming up. You can budget that in. Let's say three years, being conservative, it takes to pay off all this. His income's gonna go down a little too, so let's call it three years. You can still do it, budgeting these different things. Okay, debt? Pretty still bad. Ah, for the income. Seventy thousand, but yeah, one out of 10. Emergency fund, technically you have it, but it is going towards something else coming up soon. But I will give you two out of 10 just for the savings of it in general. Retirement fund, retirement is nothing, one out of 10. Real estate, real estate is actually pretty good. What's the interest rate on that?

• 1:28:19Speaker 03

  Uh, 3%.

• 1:28:20Caleb Hammer?

  Yeah, yeah, I'm happy with this house. Eight out of 10 should be good. There is still debt though, which is always, no matter what, a risk, even if it's a low risk. Hammer financial score rounded up 2.5 out of 10. We're going to call the husband. We're going to see what kind of things come out of that conversation, but he needs to be confronted about the situation. We need to get his perspective on this, so make sure you join Hammer Elite below. And you can take all of our programs bundled together for 15% off also below. And make sure you download the simpler budget app. I'll see you in the post show. To be clear, with all this conversation that we've talked about, you are the one that deals with the household finances and he's not involved at all. And now he's starting to get involved a little.

• 1:29:05Caleb Hammer?

  Is it because he can't trust you?

• 1:29:06Speaker 03

  He's never had to like really manage any finance, exactly why he's getting involved.

• 1:29:09Caleb Hammer?

  Okay, let's call him, let's call him, let's call him. Mr. Husband, hello. Uh, to watch the financial audit post show, click the join button below.