Caleb Hammer says Texas nurse has $530K debt because she’s a ‘bad adult’ and her Taylor Swift obsession is prime example

Taylor, a 31-year-old caregiver from Austin, Texas, appeared connected Caleb Hammer’s amusement Financial Audit to get his proposal connected however to excavation herself retired of $530,000 successful debt.

She makes $6,000 a month, but the azygous parent of 4 is feeling overwhelmed by her monthly $3,019 owe payments. She’s besides drowning successful payments and involvement connected $34,000 successful pupil loans, a $26,000 car indebtedness and ineligible fees for a divorcement that went done successful January.

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While Taylor admitted to having atrocious spending habits, she claimed astir of her purchases were necessities for her kids. Hammer wasn’t having it.

“You are a atrocious adult,” helium said (1).

Here’s wherefore Hammer called her out.

As helium drilled down into her credit, debit and online purchases, Hammer uncovered a batch of what helium described arsenic “bullsh—t” spends — including purchasing immoderate instrumentality items astatine the Taylor Swift store.

“Taylor Swift store?!” helium exclaimed, adding sarcastically, “It was each necessities, guys.”

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He besides grilled her for buying a $950 bulldog premix truthful her children could turn up with a household canine similar she did. She said buying the canine “put maine implicit the edge” with owe payments. She’s present past owed 2 months connected the mortgage.

He said Taylor’s behaviour is threatening her children’s existent and aboriginal security.

“The choices you are making close present are hurting your children,” helium said.

Hammer acknowledged her owe payments are a large concern, representing 50% of her monthly income. Housing costs should correspond nary much than 28% of your income, according to the Federal Deposit Insurance Corporation (FDIC).

When Hammer asked astir her selling the home, Taylor said she was not going to springiness it up.

“I’m not losing the house,” she said.

But helium questioned however she’s going to debar foreclosure with her ongoing splurges.

“Objectively, this is 1 of the worst fiscal positions I’ve ever seen a parent successful connected this show,” said Hammer, “And it is each your fault.”

Can Taylor get backmost connected way and support the house?

Taylor isn’t alone. According to Capital One Shopping Research, astir 40% of Americans accidental the bulk of their purchases are impulse buys, with the mean user spending implicit $300 a period connected impulse buys (2).