EFFORTPOST Couple is $30'000 in debt, wife doesn't know because she never really asked

Will, 35

Hannah, 35

Jarell, TX

Personal

• Married for near 7 years

• Two children, ages two and three

• Brought salami

• She is not a viewer, he is, she didn't watch anything prior to show timestamp

Career

• Him - "Food Broker"

  • 68'250 salary

  • $500 stipend for car

  • Another 5'000 in performance bonuses

• Him - Woodworking side business

  • Net $500-$600 a monthly

  • Facebook marketplace

• Her - 3rd grade teacher

  • Math and Science

  • $41'000, paid ten months, not 12 timestamp

    • "You have the choice to divy it up"

      • "But you don't"

  • Has to pay 3 bucks a day for lunch at the school?

Finances

• Married but finances are separate? They "each pay different things" timestamp

• "She has a bit of a spending issue sometimes, like I don't really trust her to have like a joint bank account with me" timestamp

  • Panicked rephrase - "We have uh different ideas sometimes about wants versus needs" timestamp

• Hannah thinks that furniture is a "need" to survive "things for a home are needed" timestamp

• Hannah also thinks that she couldn't trust if they combined finances timestamp

  • She was prior married, with joint finances. Ex habitually spent while neetmaxxing, married for four years

• Both want to make finances joint now? Husband is hesitant about debt, thinks wife doesn't understand timestamp

  • Wife - "I get told things, after the fact"

• Claims about past finances timestamp

  • Tried to talk about finances but they never actually get around to it, high level procrastinationmaxxing

• "So you believe the finances and a lot of bad finances are her fault" timestamp

  • Husband claims the wife makes "a lot of bad purchases"

  • "A lot of them are purchases that we make together"

• Some discussion about what a happy childhood is timestamp

  • they recently spent $800 on a TV?

• Wife tries to justify some spending talking about how they didn't inherit anything and deflecting onto spending on daughter's extracurriculars timestamp

  • Genuinely pathetic

• Housing situation timestamp

  • Used to rent a house in Long Beach, now they rent one here, moved because it's more affordable. Spent "every dime" ($12'000 )

  • "Unfortunately my husband was also in charge of the move"

  • Minor bickering, wife doesn't feel 'included' in decisions, quick rehashing of an old argument about what they brought with them while moving timestamp

• Scores timestamp

  • Him 1/10, her 8/10

  • Wife gives her perspective on things, she feels like she only gets a glimpse of how bad things are sometimes? Never thinks about it?

• Wife Statements timestamp

  • A few Ikea, some fast food, a couple Apple Bill, the grocery store, tickets to SeaWorld

    • Sea World explanation timestamp

  • Husband's travel expenses somehow ended up there because she paid for it? timestamp

    • They are going to visit family "for Halloween"

  • Pushback on whether wife is actually the reason for the debt timestamp

    • Wife looking smug

  • There's a $300 overdraft protection timestamp

    • No fees but she still overdrafted

  • $1'845 in, $2'386 out timestamp

• Car "situation"

  • Foreshadowing - wife "didn't have her id" timestamp

    • Car is under his name because wife doesn't have as steady a job history? She had a credit card she wasn't paying on that went to collections. She "got so overwhelmed"

• "We were in a different position in our lives when we decided to have the kids" timestamp

  • Juicy deets - He was a chef for 15 year, lost everything during COVID

    • Executive Chef, owner wanted to not close down the second time. He'd already used his unemployment benefits

    • Background not in video - Cali's lockdowns were, on paper, a couple steps away from turning every 'citizen' into a prisoner. The state told people they couldn't go more than a few miles from home, couldn't cross county lines, all sorts of other tin pot tyrant insanity. A city deciding devastate some restaurant that didn't kowtow is completely in-character

  • Tried solar sales and being a realtor between this and the food broker job

  • Filled up his CC during his attempt at real estate timestamp

    • He's still in real estate classes? Takes a couple hours

    • Descends into more bickering, he's worried about committing to the wood-working

• Debt timestamp

  • Credit Card 1 - Quicksilver ($5'072) timestamp

    • 174 minimum payment,

    • he paid 372 but made 188 in transactions got 122 in interest

    • Purchase explanation timestamp

      • A $160 router on amazon - switching from Optimum to Fiberfirst

        • 150 for the router, 10 for the fiber receiver

      • They had a mesh router system but it stopped working

      • Caleb simps for renting routers

  • Credit Card 2 - Chase Freedom ($5'665) timestamp

    • Bickering about whether or he had told her just how much debt they are in timestamp

      • she thought it was seven or eight, not 30'000

    • Made 2'650 in payments, 2519 in additional transactions

    • Fair bit of eating out, some subscriptions, a couple trips out with the daughter

  • Credit Card 3 ($2'434) -

    • $81 minimum monthly payment, 52 in interest accrued

  • Credit Card 4 - Shell - ($632)

    • $16 interest, $29 minimum payment

  • Credit Card 5 Best Buy - (1'816) timestamp 1 also timestamp 2

    • The $800 TV and her phone

    • "How much was my phone"

    • TV was zero percent but he didn't finish paying it off before that ended

    • Phone is currently in the interest free period

• Car time timestamp

  • "Ask him about his cars"

  • 1998 Jeep Cherokee - 117'000

    • Got it because he heard it's very reliable

    • Had a Chevy S10 prior that had a lot of problems, engine blew up, needed help from his granparents to replace that engine

    • At the mechanics right now because "a pin fell out" - mechanic is putting in a push button start, not charging for labor?

    • Owes 4'196 on this timestamp

    • $204 minimum payments, 36 months

    • He thinks the interest is twenty-something, maybe 24%

  • 1983 Mercedes and some other car at some point

    • Needs a vacuum that costs $250 to replace

    • Posted on Facebook marketplace but took it off while the Jeep is getting repaired

    • Thinks he can get $3'500 for it after he replaces the vacuum

      • He bought this car in California

  • Kia Van

    • 306 minimum payment - she pays $500 into some account that takes autopays it every month?

    • Her car, under his name because she forgot her id that day?

    • Took out a loan through CarMax, refinanced it jointly with her mother - interest is 3.4% maybe?

  • "I think we should just get a new truck"

• Amazon Purchases timestamp

  • One or more of them is taking Melatonin

  • The router timestamp

    • Caleb (routerlet) seethes for a moment

  • Subscriptions for a 15% discount on household necessities

• His Account statements timestamp

  • Mostly sane stuff

  • $5 in savings

• $7'000 in the business account

  • Gets his checks there because he's a 1099 not a W2

  • Also pays his rent out of here because Quickbooks tracks his business account and then he splits it within that account - whole garage and office are what he's writing off

    • got told that this works by a CPA friend of his

• Wife goes for the throat "You've literally confessed to..." timestamp

• Retirement

  • His - $4'200

  • Hers - $1'200

Overall Finances timestamp

• 42'000 a year from his main job

• Some from wood-working (he hasn't paid taxes on this, mostly done in cash )

• Ad placement from injury lawyers, Caleb's hit the big time

• Pie chart timestamp

  • They get charged subscription fees for Smart Locks on their rental - no mentions of tipping