The answer is yes btw.
Current gross income: 68k Projected gross income (Starting Jan '24): 118k This huge jump would be provided by a 16% pay raise and about 25 extra hours per week.
OP said they were making $100k until March. Bought a new construction for $586k (88k down) 11 months ago in LV. Paid for a bunch of upgrades. Zestimate says it's worth $522k and mortgage is currently $503k. Also of note is that he referred to the $88k as their savings, but in another post says it's proceeds from a previous home sale. Peak poor mentality.
Not counting our consumer debt, our monthly budget is as follows:
Mortgage-$3,403
HOA-$138
Utilities-$188
Groceries-$1,000
Life Insurance-$95
Auto Insurance-$380
Internet-$93
Cable-$100
Solar-$201
Our consumer debt, with minimum payments are:
Chase (20.24%)-$1,288.86 ($129/month)
Best Buy (0% until July 2024)-$2,150.58 ($35/month)
Credit Union (18%)-$2,701.92 ($68/month)
Wells Fargo (0% until April 2024)-$2,885.86 ($147/month)
Fortiva (0% until March 2028)-3,733.32 ($67/month)
BofA (0% until Feb 2025)-$5,128 ($51/month) A
Amex (7.99% until April 2026)-$7,761.67 ($263/month)
Chase (20.24%)-$10,136.02 ($385/month)
Amex (7.99% until April 2026)-$12,672.53 ($430/month)
Citi (0% until March 2025)-$15,988.07 ($160/month)
Personal Loan (17.24%)-$19,653.63 ($503/month)
Auto Loan (3.79%)-$36,160.77 (549/month)
Wife doesn't appear to work, and MIL is a leech. OP is still posting but it seems like they bought it planning on the MIL paying rent and she basically said frick that.
My mother-in-law (67) has stayed with us since the end of 2020 and we agreed her monthly rent would be $1,100 for 24 months. She still owes us a total of $11,500 (11 months x $1,100), but her workers comp ended, so her monthly income went from $4,800 to $1,800. She hasn't paid anything since January 2022. We recently told her that we needed financial help and she reluctantly stated that she'll have to look for a job. I blocked her IG page, because after constantly seeing her going out (concerts, eating...) and new hair-do's every month, I'm starting to resent her. Not surprisingly, my wife doesn't feel the same. And because of that, the saying "I can do bad by myself" has crossed my mind more than I would like.
Don't worry though, he has another transfer card.
We were also just approved for another 0% transfer card with a 15k limit.
I think a lot of posters are thrown off by his terrible formatting because the responses aren't overwhelming "yes file for bankruptcy".
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Another case of making decent money but being absolutely r-slurred.
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Caleb hammer recommends debt maxxing then bankrucptcing
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I'm not convinced Caleb Hammer actually has any idea on budgeting or finance.
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He's good at telling people they are spending on stupid shit, and he's right. Most of them spend 4 figures a month on DoorDash. He has weird acceptance on mental health and dog insurance costs though. Things I would think you'd cut until you got out of debt.
Krayon sexually assaulted his sister.
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He clearly does, thats a lie. Finance is incredibly easy to understand just addition subtraction and percentages thats all you need. Budgeting is simple but its a behavior and amerikkkans cant behave
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That's why heck force people who don't want therapy to budget like $400 a month for therapy while drowning in other debts.
He's a fat r-slur.
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its all a cope I think so he can make it look like he cares. Being "mental health aware" in 2023 is basically a short cut to say you care about people so he immediately deflects all criticism that hes preying on r-slur poors for veiws (which he is lmao just look at his thumbnails)
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Hes basically a therapist life coach himself of course hes going to encorage the grift but hes actually putting out reasonable info otherwise
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His sponsorships are dogshit though. He plugs course careers as a way to get higher-paying jobs. Aint no employer gonna hire someone with a certificate from there instead of work experience or an actual degree.
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Maybe they have certs for tech shit idk or truck driving or something useful like blowjobs
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Unironically had a boss who did this. HIs lawyer told him to do it. Charge a shit ton and then file. He bragged about it but his credit was shot and any time he'd call the bank he'd get transferred to some special person idk what handling bankruptcies. I've heard though that if you already have a house and car that it's fine provided you don't plan to buy anything significant for 10 years.
Krayon sexually assaulted his sister.
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Yeah just get a secret cash stack and declare bankruptcy. Honestly its a lot of trouble and you could get screwed. I got a 790 credit score at the moment and I hate these bankers with every fiber of my being but i can see six ways to sunday how theyll nail me to the wall if i dont walk the line
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My feels exactly. As much as I'm all for fricking over banks and insurance companies, I don't want years of hassles.
Krayon sexually assaulted his sister.
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Maybe ill do it when i get a house and pay it off probably not though
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Pay off the house
today 
with cash advances and get a head start on your credit rehabilitation 
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That score makes you royalty, you hate the bankers because they are jealous
of you and trying to get you to ruin your life.
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You only get credit offered if you dont need it.
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Combined 68k income is not decent money. Not by any means. Purchasing a 500k home while making 68k combined is wildly irresponsible
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It's downright fricking r-slurred.
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They were making over 100
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100 gross combined is still not good. And theyβre not even making that.
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It's more than the US average household income.
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I fear we may have a hustle & bustle redditor in our midst. If he starts talking about San Francisco rents without being prompted it, we'll know for sure.
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It's also more than the global average income!
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six figures in California means you're maybe about to escape
the crab barrel, idk who told these people they could feel comfortable buying things
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dramatards out themselves as poor untermenschen.
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They made over 100 and will again you drooling r-slurs
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Combined income of 100k is 50k per person.... and they're talking about working 65 hour weeks. That's like 16 dollars an hour.
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It's above the average and median US household income...
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Still makes you broke as heck.
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1000 in groceries a month for a family of 4? Seems a little steep.
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Yeah seriously
what the frick, I feed two adults on 60 a week lmfao
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I feed two adults and a toddler on 450 a week (only groceries, no takeout). Weβre not poor though
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I dumpster dive for most of my food tho so im probably not a good judge
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pizzashill? Is that you??
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https://old.reddit.com/r/DumpsterDiving/comments/xdefz7/another_500_haul_from_my_favorite_dumpster_havent/
They're literally giving it away. You just have too do a little dirty work!
Climate Action Now!
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That's because inflation is real non-chud
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Wow reddit mods being cute twinks as usual.
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$3800 mortgage wtf that's like a million dollar home on $65k income?
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I would bet like $2000 of it is interest. I'm not looking at the post right now but I believe he said he bought last year and interest rates went to shit around May last year.
Krayon sexually assaulted his sister.
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Do you have fixed rate mortgages in the US? On TERF Island then it's normal to do 2 or 5 year fixed (with a 25 year total term).
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Overwhelmingly majority of mortgages are 30-year fixed here.
15-year fixed and 5/1 ARM are also semi-popular (5/1 ARM are 30-year floating-rate mortgages but the rate is fixed for the first 5 years and readjusts every 1 year after).
I thought TERF island did 40-year fixed?
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Generally you can get it until retirement age, so if you buy at 25 then you could get a 40 year mortgage term.
But with a normal 2 year fixed mortgage then you're free to remortgage with any other lender after the 2 years. So you start with a 25 year mortgage, then in 2 years you can get a new mortgage and even move back up to 25 years if you want.
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Oh I think you can remortgage whenever here. You'll pay some upfront fee when you do, though, so you typically only remortgage when rates go down. I suppose some people might use it to push back the payback of the loan but I don't think that's terribly common, although I also mostly talk to people who aren't financially r-slurred so maybe they do that.
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Yeah we have fixed but right now our interest rates are at 6.25% last time I checked, which is insane. Mine ain't great either (bought last year) so I'm pressing F5 every day waiting for them to go down so I can refinance.
Krayon sexually assaulted his sister.
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We do, but everyone
knows the play is to sign for an adjustable at slightly below market 
rate, when the market 
rate is the lowest it's ever been in your entire life
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Check out all that credit card debt. sheeesh. But $1100/month for MIL rent wat? That's a lot for a darn room.
Krayon sexually assaulted his sister.
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hippies really grifted themselves with this one eh
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I just put my entire mid-month paycheck into my one credit card until the balance
is at 0, am I not debtmaxxing properly?
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Your condescending, contradictory bullshit isn't attractive to anyone except your frothing, basement-dwelling, virgin army.
Snapshots:
archive.org
ghostarchive.org
archive.ph (click to archive)
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