EFFORTPOST Newlywed car salesman and his stunning wife have found themselves in 120'000 of consumer debt

Jessilyn, 21

Brandon, 32

Springfield MO

There's a pretty good chance I've gotten some of this wrong, there were a lot of numbers getting thrown around.

Husband self-rates: 2-3/10

Wife self-rates: 3/10

!straggots This is our fate

!incels How are you even real

!biofoids

Career:

Jessilyn: Stay-at-home mom

• Doordash and uber as side-hustles (about 400 a week after gas)

  • Only done these for 2 months so far, started because slow season for car sales right before taxes were due (end of Feb)

• "We're financially illiterate. I'd say I'm financially inexperienced, almost too"

Brandon: Car Salesman

• All commission based, 49'918 ytd (did 117k pre-tax last year)

  • Minimum wage or commission based whichever is greater? 277 hours a month?

  • About 30% for taxes

  • Only brought home 4'200 pre-tax in March?

    • Best months were Jan/Feb, all downhill from here?

• End of 2022 "economy just kinda shit the bed" so sales are down

Personal Life:

• "We met selling cars and then I got pregnant then we started dating"

  • Stopped selling cars in the summer because she didn't want to deal with the heat on car lot both fat and pregnant?

  • "Kind of a dumb decision looking back because they had 6 weeks of maternity leave and they offered to move me to a different position that was hourly based inside"

  • "From my understanding they will not hire her back because we're married"

• started dating last Spring

• moved into apartment last May

• "over the last month and a half we've moved out of our apartment so we're kinda like in a position too where there's not a whole lot of space to be able to keep stuff"

• Jessilyn is still on the mother's insurance

• Building a new house that was supposed to be ready middle of May?

  • It sounds like they're renting it?

Saving/Debt/Expenses:

• "I got denied for Paypal crediting like where they finance your things"

• Got most of these cards in June? Not sure I heard that right

• "Yeah, the ones I sent you were all the really bad ones"

  • not sure what she means by that?

• Got a car in April "probably spent way too much money"

  • "60'000 dollar car"

    • Still owe 57'891

    • Might be worth upper 40s, low 50s?

  • 2022 Grand Cherokee

  • Got some percentage off since he's an employee

  • 4.24%, was offered 3.29% but took that to go out an extra year in term to get the payment below $1000 a month

  • 920 minimum payment

  • He tries to convince them to sell this one timestamp

• Husband's car:

  • 2018 Kia Stinger

  • $26'850 owed, 11.51% interest

  • 525 minimum payment

• $330 for car insurance that covers both

• Loan to pay off delivery

  • 30k bill on the delivery, still owe 1668? Another 1800 sitting off loan because insurance may/may not cover it?

    • Projected 150 minimum payment, less if it's only the 1668

• Card 1:

  • 2917.43

    • 29 minimum payment (they made $43 in purchases on this card this month )

    • Interest free until December

    • Lots of recurring subscriptions through apple, they've since canceled them?

• Chase (Card 2):

  • "The baby one:

  • 455/500 balance -> made 0 payments -> 523.60

  • $80 minimum payment

• Citi (Card 3):

  • 4752 -> no payment and $258 purchases -> $5039

  • Had paid 300 off of it to get it down to 4752 prior "And that's so sad" timestamp

  • She put multiple Afterpays on here

    • One was lunch. She afterpaid her lunch

  • $29 late fee

    • "The way I see it is it's not all the way 30 days past due because my breaking point is if it hits my credit you kn-" timestamp

• Bluecash Everyday Amex (Card 4):

  • 826 -> -$60 payment, +$192 new transactions -> $961.36/$1000

  • Minimum $40, interest free

  • "We actually had that paid off the beginning of February" -

  • At 857 because she made just a payment on it

• "I actually got one [credit card] sent to me in the mail the other day and I was like I don't need another one" timestamp

• "My thought process, hear me out, was that my utilization right now is probably like 94, 96 percent and that's godawful don't get me wrong but if I open another credit card technically it would exp-"

  • "I don't give a shit"

• Discover (Card 5):

  • $3453 -> -$94 payment, +$155 new transactions, +$83 interest, +$30 fees -> $3627

  • $134 minimum payment

• [indecipherable] Bank (Card 6):

  • "Furniture loan"

  • $2534, 0% interest for another year or two?

  • Minimum payment $150

• Apple (Card 7):

  • $7'988/$8000

  • 255 minimum payment, 29.4% interest ($171 interest)

• "I have 3 Affirm loans"

  • "Big one that we've had since September of last year"

    • $400 minimum payment, almost paid off, $671 remaining

    • Financed their wedding rings

    • "Only reason we did it was it was 0%"

  • "Two amazon purchases"

    • "Both like a hundred dollars so they're each like-"

    • $53 left on one

    • $120 on the other

• Self-told history of her financial life

• Phones are financed

• iPad is financed (they bought an iPad for the baby?)

• Her apple watch is financed

• Child support

  • "That comes out of his paychecks out of the gross percentage"

• Brandon 17000 in retirement

• Jessilyn "I don't have a retirement"

  • "I also have like a cash value life insurance policy my mom's been paying in since I was a baby. It's cash value is only 1700 dollars though"

• $50 in their savings 2000 -> 50?

  • Getting ready to move into a new place, most of that went to deposit

• $300 in checking?

  • Lots of paypals/venmo for eating out timestamp for her being told she cant eat out any more

  • Lots of Klarnas that are all paid off now

• She is one of the only people on earth still subscribed to SiriusXM

  • 110 yearly