4.6 • 682 Ratings
🗓️ 4 July 2025
⏱️ 9 minutes
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0:00.0 | brought to you by the every dollar app start budgeting for free today so about two weeks ago |
0:08.3 | my husband lost his job oh that's so scary communication issue which is um employer who's also the |
0:16.9 | owner of the company it's a very small company and he's been working with him for over 15 years. |
0:24.4 | And he got fired over text. |
0:26.9 | Wow. |
0:27.9 | I make decent money, but we don't have any savings. |
0:32.7 | I have a 401K. |
0:35.3 | But our expenses alone are about $5,000 a month, and it's just not enough to cover all |
0:43.9 | of our expenses with just my salary. |
0:47.1 | And I'm looking at getting a home equity loan, not a line of credit, but a loan to hold us over and consolidate some debt until he can find some other employment. |
1:00.9 | How much debt do you guys have? |
1:02.2 | It's not going to be anymore, of course. |
1:04.7 | I have about 20,000 in credit cards. |
1:09.2 | There's two car loans. One is about 18,000, and the other one's almost |
1:16.3 | paid off, so there's maybe $1,000 left on that vehicle. Okay, any other debt? |
1:24.4 | Three 401K loans that come out of directly out of my paycheck, and that's about $400 a month, |
1:31.2 | and that's about $26,000. |
1:33.2 | Okay. |
1:34.0 | So this problem started long ago. |
1:37.4 | Even with two incomes, you guys have been unable to keep up your lifestyle. |
1:42.6 | Yes. |
1:43.3 | So what's been going on beneath the surface? |
... |
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