Women Are CRUMBLING Under In SEVERE Credit Card Debt

My name is Meg. I'm a shopping addict and an over-consumer and my shopping addiction put me $30,000 into credit card debt. This is actually not the first time I racked up a significant number of debt. It was just a few weeks ago that I wanted a new outfit for a concert, which I think is totally valid. And instead of just buying one singular outfit, I didn't know what I wanted. So I spent $624 on a whole bunch of clothes from Target, Gap, and Amazon. Women keep the economy alive with a useless spending. But the majority of it is credit card debt and then also a small personal loan. And total that we're trying to pay off is about $45,000. Now you're probably like, how the hell are you in $45,000 worth of debt? And I wish I could tell you exactly. Three months ago, we had $43,574.88 in credit card debt. So aside from the minimum payments that we've been paying, which is like $730 a month, because of that, we were able to pay $1,521 and some change down on our credit card debt. So now our credit card debt totals $40,456 and some change. Guys, when you hear a woman say, we have credit card debt, that means most, if not all of the credit card debt is hers. Show of hands, who else is ignoring their credit card debt right now? Oh, Discover Financial. Yes. You have an outstanding balance, blah, blah, blah, blah, um, what can your minimum payment be? My soul, my soul is the only thing I have left to give to you. 2024 has been a beast. Okay. While I get ready, let's talk about how broke I am, how I got there and how I plan on fixing that. So I am currently in $64,000 worth of debt. The last time that I checked, the debt is not from me overspending, being crazy with my money. I graduated college in 2018. I graduated with a degree in sociology with a minor in anthropology and US history. And by the time I graduated college, the job market had completely changed. So it was very hard for me to find a job straight out of college. So right now I am technically unemployed slash self-employed because I'm doing social media for the time being while I find a better job. Thank you for joining me on this journey today as we learn more about me and why I, I, I people, I, I, I, so she has $64,000 in credit card debt. She also graduated from college with a bachelor's degree with a minor in anthropology and human history. And she wonders why she's broke and cannot find a job shaking my head. Hi, I'm Jamie. I'm in $13,000 of credit card debt down from about $18,000 of credit card debt in July. Here are a few of the things I did to get here. I really care about traveling and I would travel all the time before and I couldn't afford it. And I was shopping and I was going out to eat all the time. And I was taking a lot of cabs and I was buying a lot of booze. I have a lot of debt. It's partially because I was irresponsible with my money. And partially because I was never taught how to manage my money partially because I like stuff and stuff costs money. I'm terrified and scared out of my mind as well. I'm starting with about $18,000 in credit card debt, which is so much. And I've never really told anyone that. So now we have a secret and don't tell anyone or tell everybody either way. And yeah, I look forward and also I don't look forward to doing this. I'm a single mom on a mission to pay off $19,000 worth of debt as fast as I possibly can. And my current debt total is $15,927. Follow me as I finished paying off the last $16,000 worth of debt because my goal is to be debt free by 30 which is in December. I'm in a ton of debt. Let's talk about it. So currently right now I am in just over $9,000. I'm sick in credit card debt. Okay. I'm stressed every single day. And so many people are going to come on here and try to give me financial advice. Guys, I've been talking about this on YouTube since January. So how did I get into credit card debt? A couple of years ago, I was a dumb, dumb, dumb, dumb girl. I started spending my money, like all of it. And then I started putting it on credit cards and then I stopped working. I started racking up on the credit cards. So that's kind of how like it started already stupid in itself. Okay. So then when I do ended up accepting a job where I'm getting paid less than my combined bills of like normal bills and credit card debt. So now again, I'm stuck in that debt cycle. So every now and then I get a coffee, $10. Like it's not as if I'm eating out all the time. Guys, these women are the gift that keeps on giving. She spent $10 on a coffee cup at Starbucks, but she thinks it's no big deal. She just skipped that over and faster than Speedy Gonzalez. So she stopped working and racked up $9,000 in credit card debt, which leads to my point guys. It is so nice to be a woman. Something bad always happens at work. In their eyes, workplaces are toxic. Everything is a toxic work environment. Something bad always happens at work and they always have to quit their job because it's a toxic work environment. Women are never happy unless they are unhappy and they are always unhappy with their jobs. What else is new? Most men, not all of them, but most men only care if the job pays enough to take care of all the bills. Us men, we put up with the toxic work environment and the unhappiness if the paycheck is decent. Men don't have the luxury that women have, which is to quit a job simply because it's toxic or because it makes us unhappy. And ironically, she ended up taking a less paying job. My name is Meg. I'm a shopping addict and an over-consumer and my shopping addiction put me $30,000 into credit card debt. This is actually not the first time I racked up a significant number of debt and paid it off and I'll be paying it off again. And honestly, I'll probably continue using my credit cards after I pay it off. I've shared on my page before that my credit card debt is from shopping addiction, which ultimately came from depression. I think like most young people, I struggled with some form of anxiety and depression as I grew up and then it really came to a head in summer of 2021. I remember being in such a place that if I breathed too heavy, I was crying and I couldn't tell you why I was crying. And I literally mean like a deep breath caused these tears to just flow without me realizing it was happening. And my boss at the time pulled me aside and was like, hey, I've really noticed a significant change in your behavior and your attitude and just everything. I think you need to speak to someone. Like, let me know if I can help with that. And she was so supportive. She gave me some time off of work and she let me know that if finances were a burden, she could help cover the cost. Like, I've never felt more desperate in my life. So from summer of 2021 until earlier this year, spring 2024, I was seeing this therapist on a regular basis. And it really wasn't until January of this year that I finally felt like I've made enough progress with my anxiety and depression that I was able to say, okay, we have a problem. That problem is shopping addiction. We need to change it. So for me, my credit card debt, my shopping addiction, all of that, it was a coping mechanism. And I would just go crazy. Like every paycheck, every two weeks, I was like, yep, here we go. All of 2022 and 2023, these feelings were so bad because the job I was in was destroying my mental health. So same thing. If I had a lunch break, if I had a bad day at work, whatever the case was, I was driving to the nearest retail store that I enjoyed shopping at, and I was dropping $200, $300, $400 at a time. And I couldn't even tell you on what. There are some clothes and shoes that I could look at and I can remember, oh yeah, I bought that when I was at that job. But for the most part, I could not tell you definitively what I bought, except a couple vacations. I definitely put some vacations on my credit cards too. But really, that's just what it was. It was a really unhealthy coping mechanism. It was just a few weeks ago that I wanted a new outfit for a concert, which I think is totally valid. And instead of just buying one singular outfit, I didn't know what I wanted. So I spent $624 on a whole bunch of clothes from Target, Gap, and Amazon. So she has $30,000 in credit card debt. She also spent $624 for clothes to wear at a concert. And that does not include the $300 here and there that she would spend only because she was having a bad day at work. Guys, I hate to repeat myself, but I have to do it. Women keep the economy alive with their useless spending. I tell you what, guys, women are agents of chaos. There is always something tragic and dramatic happening in their lives. And that something can be real or imaginary. But most of the time, it's either imaginary or blown out of proportion, if it's real. If you want to hear something really, totally embarrassing for me, I was supposed to have a court date today. Yeah, I ignored a debt collector and they sent it to a law firm to sue me. And yeah, I got sued by a debt collector. And I thought the chances of that happening were like slim to none. Like it was only $1,000. Do they really want to like have to go after me for $1,000? Like what is that? No, they didn't. Yeah. They sent the constable to my house with the papers saying that I need to sort this out. Long story short, I settled for 80% of what I owe and I paid it all off like 12 days ago. Thankfully, like normally I would not have been able to do this, but my husband got a raise at work and it's been great. And yeah, my court date was scheduled for today. Thankfully that was canceled. Um, but that was like the scariest thing I've ever had to do in my life. I was like, I don't just pay. I will just pay. I'm like, I don't want to have to go to court. I have anxiety. I'm currently in $5,000 of credit card debt. And this is how I am handling it. All of my 20s, I spend money irresponsibly, but unfortunately that doesn't mean that all of my problems are over. I'm still kind of struggling with money, living paycheck to paycheck. So back in April, I left a job that I was really unhappy with. So I left it in April and I took a pay cut temporarily until I could get something better. So while I was dealing with that pay cut, I was not really spending responsibly. I am a shopaholic. That's the core issue. So I'm spending more money than I should be considering how much money I was making. My husband was paying for the majority of everything. I took care of food and pet expenses because we have three cats and two guinea pigs. But with inflation getting so bad and my husband not making as much money as he should be being a zookeeper here in New York city, times are tough. So basically she quit her job because she was not happy. Women are not happy unless they are unhappy. She then found a job where she was paid way less than before. To make matters even worse, she was spending way more money than she was making. And that's why she has credit card debt, but she has the nerve to criticize her husband because in her own words, he wasn't making as much money as he should have been. The hypocrisy and the entitlement is out of control guys. So in 2022, I found myself $70,000 in credit card debt, $50,000 in back taxes owed to the IRS. I had bought a farm, which I could not really afford for a boyfriend that I was quickly realizing was a narcissist. I was the sole breadwinner and I was completely burned out. So not only did I need to find a way to pay for all this debt and survive financially, but I also needed to let go of the only job I had ever had that made decent money. During that time, I had legal paperwork drawn up to be able to give the house away to the narcissistic ex. My goal was to emotionally get out of that situation and I was going to let go any financial assets I needed to to get out of there. I talked to a bankruptcy lawyer at that time who told me to get a job that would have a W-2 so that I would have income verification for my bankruptcy process. It took me so long to get rid of that job that was burning me out so badly because I had become so addicted to the income. My bankruptcy has now fully gone through and my credit report is wiped. I have stopped paying on my tax bills because I am no longer able to make payment plans because I now owe over $50,000. So now I just get scary letters in the mail of the IRS saying that they're going to do terrible things to me. There is nothing they can really do to me. They are not going to come kill me. They are not going to come take me to jail. Anything else that happens to me, I'm willing to go through that. The next process that I need to go through is to contact a tax lawyer and understand the offer in compromise process. Basically you say, hello IRS, I owe $50,000 but I only have $5,000 to give you. In my case, I have no thousand dollars so I'm not really sure what that process looks like. Well, let's just say that she has a fascinating life story and if she keeps ignoring those letters from the IRS, very soon she will be sleeping in a federal jail or prison and for a long time. If she really believes that they cannot put her in jail for owing back taxes, she should talk to Wesley Snipes. These are the five credit cards I have as a 23 year old who ruined her credit when she was 18. When I first got a credit card, I maxed it out almost immediately. I thought the only relevance of your credit score was to get another credit card. I don't really care about that. It wasn't until I applied for my first apartment that I realized that that was not the truth.