4.6 • 682 Ratings
🗓️ 16 June 2025
⏱️ 10 minutes
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0:00.0 | Brought to you by the Every Dollar app. Start budgeting for free today. |
0:06.7 | I have a question. In front of see if you can guys can help me navigate these, both financially and relationally. |
0:14.4 | My dad is in quite a little bit of debt. He is retired about 65 years old now. |
0:24.1 | And I'll go to give you some numbers to uh to give you a decent picture of all this yeah so he has about 85 000 in um personal loans another five in |
0:33.1 | credit card and then he makes about 4 000 net a a month, about $48 a year, I would say. |
0:40.8 | He's still working or that's what he's drawing? |
0:44.3 | No, he has a pension. |
0:46.5 | That's why he gets from his pension. |
0:48.6 | Gotcha. |
0:50.5 | He also gets some bonuses at the end of the year. |
0:54.9 | So between October and December, about, I'll say, sent $7 to $12,000 in bonuses on top of |
1:01.7 | that. |
1:02.7 | How much? |
1:03.7 | Seven to $12,000. |
1:04.7 | I won't have the exact number, but roughly around that. |
1:09.1 | And that's between October to December? |
1:12.1 | Correct. |
1:12.5 | Okay. |
1:13.3 | Gotcha. |
1:20.2 | So the situation that he's seen, his monthly payment for the loans, it's about $2,500 a month. |
1:21.9 | Okay. |
1:22.8 | And you can see how I'm making $4,000 that can be an issue. |
... |
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