Maxed Out On 16 Credit Cards!! - Til Debt Do Us Part 201 - The Juggling Act 

l know right! so pathetic

Well, it's like the cobbler's family - he/she makes shoes for everyone else except his own children.

@@lisatabachnick1552 Yep or an electrian with loose wires hanging out all over their house. Seen that scenario!

@@evntex I have also seen a house cleaner with adirty disorganised house.

Very common

She's the first person I've seen on this show who looked truly ashamed.

Because her shopping caused their problem.

@@bovnycccoperalover3579 his lack of income and low earnings caused their cash flow problem

CocoaPuff1, as Gail has said more than once, it's never just one person's fault. I hope Wojtek gets good tips.

When a woman overspends it’s called “self medicating”. When a guy does it, he’s a bum who doesn’t care about his family’s financial future. The hypocrisy never ceases to amaze me!

Not true, there are lots of shows like that. What not to wear is another one that comes to mind, the biggest loser (there's some controversy for that one but it did still help people)

What not to wear? I definitely don't find that helpful to anyone; it's just clothes.

@@blue-wb8yn it's a lot more than that

@@blue-wb8ynthe American one was useless but the British one helped me a lot

I think the hoarders shows are helpful. Look at the comments on all the episodes from people posting that it helps them clean and clear out excess.

Me too, and I don't have any credit card debt.

I was just as stunned as wojtek! I thought I heard wrong 😅

Credit is cheap and thats where they make money. They see you have rotating debt they want in because you're paying a ton in interest rates.

@Carol Howard that's what I said. If you have rotating credit on your cards, you're paying 15-29% interest on the overall amount. Also having a credit card isn't bad, you just have to remember that if you cant buy it in cash, you cant afford it and should not put it on a card. Me personally I buy stuff with credit cards but have already put aside the money pay it off at the end of the bill cycle. No interest paid plus my score goes up and get lower rates should I need them for anything just as a little safety net

Greed. You would never get approved for that amount of credit were I live unless you were very very rich and had a good credit score. Banks need stricter lending laws and some morals.

@@jadiecakes3241 yeah but credit card companies have way to much influence, so things won't change anytime soon.

Carol Howard. Awesome!

You're so right, I am addicted to watching my bank account grow every month. Once I pay off bills, I like to see what I have left just keep getting bigger. I don't have any debts and loving it! 😃

I never thought of that but you are absolutely right. I love figuring out where to put my money each month, how much to save, etc….

@@tayjones8552 me too!

Ive always been poor and really struggled both with the economic downfall in 00/01 and during my divorce in 08. I was making 42k a year, stuck with house, paying 1300/mth in daycare and 30k in legal over 2yrs. My ex was ordered a paltry 500/mth in childsupport but refused to pay it. I decided then i didnt want to be in this position of being incredibly broke with 2 small kids. I started saving 50/mth and transferring over balance when i got paid. Upping my savings and cutting expenses to bone and when daycare costs went down and my income went up i kept saving. Ive allowed a little lifestyle creep 14yrs later, but when i was laid off due to covid i was still saving 1k a month on unemployment and had about 8yrs of living expenses saved (without changing spending) which is an incredibly peaceful feeling. Upping my savings and pinching pennies really does become addicting. Esp when you have a big goal

@@Zoot_of_Anthrax what an incredible incredible story. You should consider starting a channel and share your story. You are a rock star!!!

Me too.

Me: Buy a Shirt. Feeling: Gulity (because I need to save the $10). Me again: 😭

Make coffee at home. Not sure why people waste money at coffee shops.

Same! I buy a coffee maybe 2x a month as a treat...and second guess it with guilt every time lol.

I know, not the point, but this makes me want some coffee.

Seriously!

It totally is, work out your budget and get to it …..you’ve got this Rosemary 💐💐💐💐

You can totally do this! 😍

Check out Dave Ramsey

nope. move to a place that is in your range

You can do this. Albeit that doing a cash only plan is more difficult than when Gail was making these videos, it is possible. Gail's plans work. Good luck!

Uhm thats frightening that you thinks that is worth bragging about. If you’re near middle age you should have atleast 1/3 of your income in an emergency savings account for these kind of expenses

​@uncleartax she never said that was ALL she had in cash. For all you know her mattress could be stuffed with cash or a safe full of money.

He has no option, getting a divorce will get him more into debt, he will have to pay for alimony not to mention also needing to support those 2 kids

Nice!!

Hope your plan is going well!

@@MaraschinoMary1 congrats!!!

Hope you're progressing well!

We need an update!

I don't feel bad for him. Not only does he need to get a back bone , he needs to get a real job. Both are very foolish people

Especially because his job isnt so good. She could teach him bookkeeping so he can get in on some other work too

@James Wood no wonder she lost her job lol

Poor guy who decided to have 3 kids on a doorman’s salary... k.

@@sabias3932 That is exactly what I thought. And also what is so wrong with that guy that he doesn't get a better job? I want kids too but you know why I don't have them? Because I make 45k a year and thats not nearly enough to care for a single child let alone 3!

Pay them 5 bucks for 5 chores a week and teach them money skills while you're at it.

My kids earn commission. I have a list of extra things they can do and they get paid accordingly. They don't work, they don't get. Keeping their room and bathroom clean does not count! Those things are a must and their pay for that is room and board!

Inspirice I get paid $50 a week for cleaning the whole house 7 days a week, feeding everyone, mowing, and other stuff.

Lindsey- your family is lazy. Def taking advantage of you.

You give the credit card company access to your bank account. My dad calls to pay.

William Egler I feel like in America people tend to care more about appearances than reality. As long as things look good and you look like you’re doing good that’s what matters. I don’t feel this way as an American but our society does have a consumerism at any cost attitude.

@@beachcruising4607 This show is Canadian, not American. And the credit card crazy didn't take off in the U.S. until the late 80s/early 90s. Before that, I hardly knew anyone who used credit.

Lisa67 I was commenting about America as an American not specific to the show. You don’t need credit to be a consumer, I see many people who live paycheck to paycheck just to have the newest whatever at the time with no savings for emergencies or future retirement etc.

Im American and some people use credit cards responsibly. Watch Graham Stephen's credit card videos. I have 9 cardsand no debt, if someone can be responsible for them self's then credit cards are good.

tia fae I think the difference with America specifically is that you don’t have good credit unless you take on debt, the only way to build your credit is through either credit cards or debt installment payments that are reported to the credit bureaus. And yes, not all debt is bad and credit cards aren’t inherently bad if you’re using them correctly to build your credit, but the majority of people get trapped by using them and accumulating more than they can afford to repay without extremely high interest over a long period of repayment period. The average American has $30,000 in credit card debt, that’s an insane amount that means most people do not use them responsibly.

i feel that's a need. if you fly first class and stay in a fancy hotel then that is very different.

I think she got a little lost and maybe depressed. But he could have also have encouraged or said get a new job.

I do believe this is in canada so the job market may be different

@@abigailloar956 no she is just lazy

I thought she was bookkeeping?

@@abigailloar956 Yes, this is a Canadian show. And primarily shot in Toronto and the surrounding area. I think maybe a handful were in Manitoba or British Columbia. She had a subsequent show called Prince$$ that ran for several seasons and was a lot of fun to watch. Many of the episodes have been uploaded to UTube.

That is good.

Look into velocity banking! We started a year ago and it is a game changer! Christy Vann here on youtube has a ton of videos. I promise you, you will thank me later!

Did you follow through with your plan?

Emma Wainwright wellllllllllll you aren’t far from the truth

So did I! And I agree with Moistcake!

Same😂

He might well be.

Me too!😀 Freudian slip?

Or go only as needed to replace items! Good point.

You are sensible and don’t suffer from a shopping addiction. So that’s good.

Or eating haha 😭

Yeah and finding a new job asap!

Gazelle Intense!

I cringed when she wanted them to pay the largest debt first! Smallest to largest, please.

@@wijcik i think she's talking about paying the one with the highest interest rate, but not sure 🤷

@@elenatella Yes, Gail’s advice is always to pay off credit cards starting with the highest interest rate. That’s what I did since it saves money in the long run.

@@wijcik Paying off high interest debts is a good way to go. There has been times Gail has made people pay off stuff less than a thousand right away. For the most part though, High interest first is the way to do it. Say you have an interest rate on a line of credit, about 5% with a total of 2000 in debt. You have a credit card with an interest of 27% and a total of 7000 in debt. Gee, wonder what one someone should do first!!!??!?!! you'll end up paying way more for the credit card if you leave it last compared to the line of credit. So nothing to cringe about really.

he is making less than $40,000 a year....her stress would be lower if he got a better job....saint or not

@@theseeker4700 she created the mess, he could let her clean it up herself. I never heard of such entitled ingratitude

​@theseeker4700 Why can't she get a better job? Also this was 20 years ago. It wasn't a high income, but it wasn't as bad as it would be today.

Especially when you see the “Zellers” plastic bag! That’s an old show!

Early 2000s canada 😬 i'd hate to think of 2022 on a salary of 34k

When I would tell my kids we didn't have money for something, they would say very innocently " You can just go to the bank and they will give you money."

Meg Mac haha me too. I never thought I’d be obsessed with a budget and debt show

My guilty pleasure!

Same here 😊

Hulu has it

Tubi has several random seasons. Or at least they did last time I looked. They also have a few seasons of Prince$$.

It shows what’s more important to you. Money

@@katemiller7874 has nothing to do with what is more important or not. The female's spending was putting the family in jeopardy. Then the whole family goes down. If I had a partner that was putting us in financial jeopardy I would give them one chance to change or it is better to cut your losses and not let that partner bankrupt you.

Agree. They were really lovely. Hope things worked out for them all.

My husband’s previous doctor smoked. (He changed because we moved to a different city.) The old maxim of the cobbler’s children having no shoes has been around forever for a reason. But Yes, it’s not a good look for prospective clients.

That's what marriage is about. We all go through ups and downs in our life span and we need to be there for our spouse through sickness and health or broke or wealthy.

she's a bookkeeping and her books are a mess????? i wouldn't trust her with my books

Exactly. She needs a salary that can be counted on She can do her other accounting as a side job.

Reading between the lines, it seems likely she fell into a depression after losing her job and used shopping as a remedy. Imo getting outside work and leaving the house more often would be a really positive thing for her, yes.

She has 3 kids. Should they watch themselves. Idiots

I think she calculated that number. He was juggling debt to pay debt so I guess the "cost" was the average interest cost.

😲 Oh, my...

Yup Dave suggests the snowball method and Gail suggested the avalanche method!

His method us dumb. If you have a card at close to 30% interest with a $20k balance - he would have you paying off a $15k debt at 4% interest first. Only a moron would follow his advice when it comes to this.

TheeSouthernBelle Xoxo can’t sell plasma in Canada :( also if you have small veins they def can’t lol

M F Wow...why?

Rewinding now.

10:42

😂😂😂😂

@@xiaomianna489 thanks for the time stamp

To be fair, it sounds like they had a double income for most of that time.

Overtime?

@@rosesweetcharlotte we're talking about his income here and he's only making $34,000 a year? He doesn't have enough Drive oh, he is not hungry enough.

They didn't discuss tips.

I was thinking it was perhaps from one of the budgets? One of the best things you can do for your kids though is make it feel like they aren't living in debt, especially since they have plans in motion to get out of it. And these kids specifically would be going from getting whatever to getting nothing, a couple things from the dollar store now and again I think is pretty forgivable

It's not their fault they're in that situation. The kids likely have chores. You wouldn't work for your boss if they told you that they were in debt and couldn't afford it... Not the same. But they need to learn because these habits are learned.

@@amandanicole7449 cleaning the home you live in isn't work it's part of life but my main issue is with the amount. $80 a month for both kids could help pay down the debt or be saved for their kids college. They could teach responsibility with fake money and set up a "store" in their home or $10 a month would be more reasonable.

@@gdiddy3235 I would agree a few things from the dollar store is reasonable. $80 a month for both kids isn't. $10 each a month would be more reasonable.

When you do this, you reduce spending on kids. Kids get X a month, but that has to cover their wants (extra clothes, toys etc). It’s either a wash or you save money because kids know they can’t just keep asking for more

Lots of people LOVE shopping. I'm not a shopper myself, but it is super common.

The avalanche method that Gail suggests actually costs less.

Chrysi Chrysi I don’t think credit cards are that bad for people who r good with money. I pay with credit cards to get points to use for plane tickets, hotels etc... that’s make it easier to do some stuff when we r paying some of it with points. But, ya it’s not for everyone. I personally see everything in the dollars I’m paying not what I pay with real money. So if something is $4.99 I see that as $5 plus tax out of my pocket thought it’s technically from my card. That’s how I keep myself accountable to the money I spend with cards.

Chrysi Chrysi NO, you pay your regular expenses with credit cards and pay the balance immediately. You then have the benefits of rewards

Credit cards aren’t evil, they’re useful for building your credit score and getting whichever benefits your card offers. They’re only a problem when you see them as “free money” and refuse to see beyond today and be responsible with it.

I love my credit card - I earn after least one free flight pet year. Plus, i get extra purchase protection. However, I do pay it off every month and pay no interest.

Yup! And not even attractive to boot, can’t control her weight or spending.

Dang I am sorry you went through that 😢

Obliviouz Alice never feel bad for money spent on education. I’m sure it will pay off in the long run. You can do it!

I was thinking that 34k for a doorman was ridiculously high. He makes more than I do, and I have to have way more skills/responsibility/training for my job over opening a door.

Lol, you realize no one is going to pay you six figures or promote you just because you're at the same position for 16 years. He makes a lot for a doorman. He's probably above the top of his pay range for that particular position at that particular company. They probably aren't accounting for tips.

j monte you can bet the $34.000 includes a good bit of his tips. No way the company is paying a doorman that salary

He doesn’t deserve disrespect just because he has an income on the lower side.

Iheart2cook He most likely does make that as a base salary. Tips are a big part of the income in the hotel/motel business. I know a doorman whose yearly tips exceed his base salary. He is an excellent conversationalist. I can see how he makes a lot I. Tips as he is very outgoing and knows a lot about the city so he often gives tips about places to visit to his customers.

well, this show wasn't set in the 1900's when you got your quarter a week

Credit cards are not evil when used responsibly. If you ever need a car loan or mortgage, they can demonstrate your low credit availability vs use ratio, and a proven history of you making payments on time. Not having a credit history can hurt you.

@@Ndstars1 exactly. My son has a healthy savings account and one credit card that he pays off monthly. I told him he should get other credit as well to show his ability to make payments on time.

You need credit to do anything in life...buy a house, a car, make big purchases. Credit cards can be excellent tools when used the right way. My 18 year old already has a credit card and a credit score of 760. This isn't a cash system anymore unfortunately, but rather a credit system. The better credit you have and the better you are handling it the more you can do and the more freedom you have.

That 40 dollars will go towards things like clothing as well.

@@sarasarah3404 Way too much money for a 10 year old. That's unrealistic to have someone that age budget their clothing expense. Should he be worried about food and transportation as well? At that age, spending money should be for the things that are "extras ". A 10 year old couldn't care less about clothes. That's a basic need that is the responsibility of the parent (food, clothes and shelter).

@@lmaldy14 sorry, i responded when it was very late. I watch this show frequently when it was on air. Essentially, the allowance is $ designated to almost all living expenses. Excluding what a parent needs to provide- shelter, food, and essential clothing. The parents are to utilize the money given an allowance to teach about being responsible with money. So, if 10 year old wants a video game. Sure. But that comes grim your allowance. If they were invited to a birthday party, they can contribute some of the allowances. Its to teach the management of money, not just to blow. I do agree, that giving a 10 year old $43ish a month is a lot. But, you would be providing that money for them (not entirely sure, as i don't have children)

@@sarasarah3404 Oh yeah, I totally agree with the concept. It's just theamoiunt that is too much. Imagine a 10 year old, 13 and 15 year old? That's over $150/ month on allowance? Not even money they earn!

@@lmaldy14 i agree. It does seem excessive. I don't have children so it's very easy for me to feel comfortable with the idea of an allowance. My thought is that you probably are already providing that $150+ a month regardless. For things like, pizza day at school, or extra school supplies, whatever else a kid wants/ needs. So, you take the allowance $ to put towards it. Its to help teach the management of money. "You went to attend the hockey game next week and it's 15 dollars? Okay then you need to save for ", "Friends birthday is in 6 weeks, if you want ti buy a present you need to save for it". I get not giving $ that'sa not yet earned. But, you don't have ti pay ti get chores completed. "NO, you can't go to the movies/ birthday/ hockey/ pizza if you haven't completed your chores ". Again, idk fully.