Caleb desperately tries to explain to 28 year old single mother that she needs to change things immediately

Daisy 28, Houston, TX

!straggots can you fix her?

Self-described 0.5/10 financials

Had zero financial literacy until started watching tiktok videos this January about how to budget

"I didn't even know what a Roth IRA was up until like January"

650 credit score

Relationship status

• single mom

• 2 kids, oldest is 12, youngest 9 (different fathers)

• no child support

  • Father of the 9 year old is supposed to pay but doesn't

Career

• Store Manager at a construction company (7 years)

  • 52 hours a week

  • Mostly deal with contractors/dealers but also open to public

  • No direct reports, it's a two person operation

  • Hourly $16.50 (around $42k?)

    • "I do a lot of OT" (Time and a half)

  • $3120 after taxes

  • Current job is very stable and comfy, she's extremely anxious about switching careers and potential instability

Savings/Expenses

• Started month $2130

• Ended month $6.67

• $200 in a different savings (recently opened)

• Lots of $26 donut purchases at "Prime Donuts"

• Lots of eating out

• "I never saw the importance of having money in my checking account"

• "90% of my purchases are on crap"

  • Claims changed recently (a week so far)

Debt

• Credit cards

  • Didn't catch the % interest rates on these, some of the balances might be off because the sheets are from before she balance transfered them if I understood things right

  • "Pet credit card"

    • $620 out of $800

    • Was 238 (she paid 88 on this), then she made $400 more purcahses with it

    • Did a balance transfer from this

  • Capitol One Platinum

    • Previous Blance 5'070, current 4'920

    • $121 in interest

    • Her mother has access to this card (made her an authorized user)

  • Credit One Grey (1/3)

    • $1266.67

    • $65 minimum

  • Credit One Blue (2/3)

    • Called to close because they were charging her annual fee

    • She wasn't making purchases on it

    • They offered to refund her service fees charged on her other cards so she hasn't closed them yet

  • Credit One (3/3)

    • $372, $30 minimum

  • Home Depot

    • $69.96, $29 minimum

    • Building an enclosure for her lizard

  • Chase Freedom

    • $385, payment in 40s

  • Chase Saphire

    • 4976 Starting balance

    • Paid $790, made $672 more purchases

    • 4'966 ending balance, 5'000 limit

    • $353 minimum payment

  • Citi Transfer Card

    • $1400, 1500 limit

    • 4 months without interest

    • $87.50 minimum payments?

• Car

  • 2018 Ford Escape, bought in 2017

  • 9783 left

  • $451 payment

  • 6.7% interest rate

• Personal Loan (this is the refinanced one)

  • $8100 principal

  • "97 weekly payments of $133 and 1 payment of $9.53"

  • 26.96% yearly interest

    • "I thought that was a pretty standard apr until I started watching your videos and then I was like oh, shit"

• Student Loans

  • $700 remaining