Her mother is a saint. She gave 250k and co-sign for 40k, and now she is responsible if they don’t pay the extra debt they are consolidating. I really hope they changed and appreciate her help instead of literally living off her. Edit: the conclusion the guy made pisses me off, he doesn’t acknowledge his MIL help them BIG time. So arrogant and he is the source of the problem. He takes advantage of his wife’s non confrontational nature and the love of his MIL to her daughter. Awful character.
I got married at the courthouse when I was 19 and I was wearing a cute dress i found at walmart. My husband got my engagement ring for 1k dollars which is an adorable small diamond heart. Well weve been married 16 years now, big weddings do not equal good marriages
Preach It! My Cousin decided to "Marry" her Husband after dating for Three Months. She had a Big Wedding, she threw her wedding in everyone's face and ended up in Divorce Court and her Husband never helped to raise their children.
I got married at the courthouse in a super cute cheap sundress and had a small diamond heart ring too. I can’t remember how much it was but I know it was under $1000. Meanwhile my cousins parents spent 30k on her wedding and she was divorced within five years 😬 this was in the early 2000s when 30k was a lot more too.
I do not think most people say that big weddings equal good marriages. You should not assume so much about other people in such a negative way, just to feel good about yourself. Find other ways.
In the LGBT community, Gyms are synonomous. On Queer As Folk (US), the fellows hang out and exercise. NSF & Bank Fees are a mess. When I use my Credit Card at a Machine, I get charged $3.50 so what I do is if I see I have extra it goes towards that. Now Smoking costs so much money. Also after The Gym, many like to go to a restaurant/bar/cafe to eat and that chops your salary. After you get your cocktail, meal, and dessert you pay at least $75.00 on the bill.
I learned so much from this Show as well as Princess. I would have loved for her to have worked with US Celebrities like Aaron Carter, Tionne "T-Boz" Watkins (TLC). Twenty Years Ago they were either at the top of their A Game or dealing with the heartbreak of losing a Partner.
A lot of these reality TV shows are amazing, down to reality, no fictions facing real issues among mankind. The miscarriage is a saving grace for this episode, as the featured couple are not financially wise to expand their family.
@@philippoon8879 Amen! Did you ever see Broke & Famous or Victor Antonio's Show where Aaron Carter finds out he's Broke because his Manager Jayson was stealing from him.
I suspect the money wasn't "given" but that the mother has an ownership interest in the house, so they can't change the mortgage without her agreement.
Hes ridiculous. They had a huge gift of getting a free $250k from his wifes mom, he should've had the 40k mortgage paid off in 2 years or less. I'd regret that son in law if I was the mom
I was in the bank and a 20ish guy came in and wanted to “top off his card” because his credit card was being rejected. It was one of the funniest things ever. He had NO idea how his credit card worked and became very argumentative. Bank manager was still going around with him when I left. I kept thinking he was too dumb to breathe.
@@MrsEJV OMG... yeah we had a friend who used to pay $40 on her credit card so that she could buy a $40 sweater - always kept it maxed out. We cut up her credit cards.
Why why why do parents keep having kids when they can't afford what they have? Birth control is cheap. Insanity. People think no emergencies will happen. And her parents enable it all to continue and continue. I hope her mother does what she says she said "no more help from me."
Borrowing money for a wedding seems so ridiculous to me. You are putting a lot of strain on your marriage straight out of the gate by creating this debt. Just go down to City Hall if you can't pay cash for it. If you can't handle that idea then you're getting married for the wrong reasons
Yeah and it’s kinda confusing for me .... since they had 250k from their mom. They could have easily just deducted 15k from that to pay for their wedding cash versus using high interest debt
We kept our wedding small. Hubby's former roommate & his girlfriend did our catering, my mom & dad gifted us the wedding cake, his older brother did the photography & gave us a wedding album of the pics as a gift, the other brother provided a videographer for a tape of the wedding, i bought my dress thru a dept store on sale, made my veil & flowers myself, got married in the local church across the street from hubby's apartment complex, only had close friends & family attending,.. We did have a good time & we're still together after 36 years of marriage!❤
If I had been given 250,000 towards a house I would have either bought a house for no more than $250,000 more than likely I would have bought a house for a lot less than $250,000 and put some of that into savings.
@@elipotter369 But the comment still applies, right? If she was willing to put $250,000 into their nest egg, they could have gotten a cheaper house and not had that extra debt.
I know that this series is kind of old but it’s still useful for today. Also, $250 a month for the gym?! Is he paying for a personal trainer? Is it an Orange Theory? My partner and I were complaining about paying $45 each for a non-commitment membership at a local gym 😂
They are both ridiculous. Imagine being able to own that much of your own house at this age. This was back when houses were affordable. And then blow your whole life up because you are too immature to learn to handle your own money. She comes from money so she expects to get bailed out by Mom when this goes south. He likely does as well.
If I asked my parents for that kind of money to afford a house they would have said I couldn’t afford it and never given it to me....that’s the reality.....the mom should have been like noooo
I bought a pretty white dress at the army barracks thrift store. It was marked $7.00 but when I got to the register, it rang up at $3.50! My mom's best friend added accessories to the dress and made me a veil to match. My husband's boss let us use their winter home in Florida for a week and gave us money for the airfare as a wedding gift. My husband's mom bought him a 2nd hand suit and a friend of my mom's made the cake for us as a gift. My husband's brother was the photographer and developed the photos as a gift. The only thing we paid full price for was the flowers. Start to finish, our wedding and fire hall reception was $600 in 1978. Everything was paid for by the time of the wedding. We just celebrated our 46th anniversary! Several of our friends spent $$$ on their weddings and are now divorced.
I love ALina's mom's approach. She set them up for life by offering a huge downpayment and then still requiring that they pay a mortgage. I hope they realize how much she's done for them.
The grand mother should get the deed for the home, she pays for it. I am surprised Gail didn't have him cancel membership at the gym or the gun range. He should also stop smoking and get a vasectomy.
Knowing when to walk away as the parent is key. I know my grown kid would be back in heavy debt again if I bailed them out. So no way I’m going down that path.
Stupid decision by mom to cosign a second time for a refi, after cosigning the first time. Stupid suggestion by Gail in the first place. This will not change the couple's behavior and just gave the mom more risk. Dumb dumb dumb.
She has to make suggestions based on assuming they follow her plan, which they have been. In that case, it's a smart idea and they sadly have to involve the Mil because of banking rules
We were both working adults when we got married. We cashed flowed the wedding ceremony, the reception and the honeymoon. I paid for the expenses associated with the bridesmaids, my husband paid for the church ceremony and reception, my in-laws gifted us a short honeymoon in Hawaii. We came home debt free = no worries. Ten years later we were living in a paid for house, thirty years later we are still living in a paid for house (different bigger one)
Writing down everything each month ( my bills and expenses ), where I could pay only my fixed bills was amazing. Even though I am retired, I live okay now. Planning Is Everything, you’re family can love you but not always are there to support you
We got married at the court house with family only. saved all our money to buy a house after our 1st child. were able to put 40% down and not have to buy mortgage insurance. Then worked our butts off and put all extra money towards our mortgage and payed it off in 13 years. Completely debt free for the last 4 years. Having my teens watch this show and hopefully they won't make poor money choices
$250k being enough to cover all but $40k of the house cost would be so incredible. I’ve got nearly that saved for a down payment and still can’t afford the average home in my area. 👎
It's horrible that she had that miscarriage but they were in no way prepared for another kid. Like have that second baby when you know it's not going to send you into bankruptcy
I'm glad Alina's mom told them she wouldn't be helping them. Some may think she's being horrible for not helping her family, but if she keeps helping just for them to continue to be in debt and for her to end up in debt, how is that doing either of them any good. They won't learn if someone keeps doing it for them. Tough love, its hard, but you have to do it sometimes.
@@sterlling1 they also can renegotiate their interest rates. If the lender knows they are a bankruptcy waiting to happen, they will lower their rates. This is far better than risking their house.
Don’t understand why there’s so much for clothing. You don’t constantly buy new clothes surely. Get a wardrobe together for work and stop. Once a year replace worn out. Less upkeep, storage, confusion. Where your clothes more often, as we did in the 60s and 70s
Depends on the locality / state /Province. In some places if you care for X number of kids or less, then you don't need licensing. In other places you pay to be 'inspected' when you first open up, which can be a couple hundred. Sometimes they require a certification from say the Red Cross that you know CPR. A major thing these folks forget to do -- buy insurance. Most homeowners insurance won't cover an at-home day care for negligence or damages. There are always start up costs with any business, but the bar is set relatively low, especially since there is such a great demand for child care in certain areas. Hard to pass alot of regulations for at-home child care when women have been taking care of 4-8 children for the last 5,000 years of civilization.
Gym membership & cigs should be the first thing to go. You don't have to pay for a gym membership to exercise. Cigs eat up tons of $ & are so bad for your health.
Mum gave them $250k towards the house, but they took a loan at 20+% for the wedding? Mum wasn't prepared to put anything towards that? Surely they would have been better paying the wedding off when they got their $40k home loan, surely they could have borrowed $55k?
Schools need to teach in high school, basic finances. I had 1 semester of banking, investing, anything money , in high school. But my parents also taught me. It’s not rocket science. It’s really common sense
My wedding: sample dress 75% discount; veil:made by my mom; reception hall: free use of the bank's basement where my parents had their accounts; flowers, cake and buffet caterer: ladies who worked from home. All of were found via word of mouth. Music: a cousin was in a rock band. They actually learned a waltz. Photos: only professional hired. Paid for time only at first. Order the photos over a year later, when we could afford them.
Mario from the old Persichinis in Newmarket the gym has since closed down. He is super knowledgeable and does strong man type competing he doesn't need to be super skinny he is ridiculously strong
Why doesn't someone work 3rd shift to avoid child care costs. That's what I do. Yeah it sucks but you gotta do what you gotta do. Sometimes you don't get sleep but bills get paid and the kids get stuff. It won't last forever.
I don't know where Gail gets her numbers from. $3600/year invested at 5% for 35 years is nowhere near $600,000. You'd need an average annual return of around 7.5% to grow $3600/year to $600K.
So, I plugged the numbers into a compound interest calculator. $3600/year (at $300/mo) invested at 5% for 35 years, compounded quarterly, will net a bit over $361,000, but compounded annually it's a bit over $350k. My guess is she also added in the value of the house, which was at the time $250,000 - when put together with the $350k, you get about $600,000, and if they hung on through the bubbles, that house is probably worth a heck of a lot more now.
Many years ago when my mom delivered my brother and he died a few hours later (he was a premie) the doctor told my dad she should get pregnant right away (postpartum depression was treated this way). I was born 11 months after him. I was tiny and wasn't responding the way the doctors wanted. They considered me a failure to thrive and actually sent me home to die. The doctor thought it would be best for my mom if I died at home. My parents didn't give up on me. Here I am soon to be 55 years old.
All praise for early childhood educators, but the pay is so low it doesn't let you provide for your own kids. Why, oh why, do women make these stupid career choices?
@@Ravenousyouth Agree with you there. Women's work is severely underappreciated and underpaid when it fulfills the biggest needs in society: teaching and safeguarding children (teachers/social workers) as well as improving/maintaining physical and mental health (nurses/counselors/related service providers). These professions are also notorious for guilt tripping workers (predominantly women) into working more for no additional compensation because it's for the kids/sick/etc. No wonder burnout is so rampant in those fields and there are so many shortages. Emotional labor is still labor and is the most beneficial to society's wellbeing and should be treated as such.
If the mother gave them $250K for a house she should have chipped in the 14K for the wedding and then the couple would not be paying 28% interest. However, these two need to get on track with following a budget.
A parent is NOT obligated to pay for their adult children. A parent IS obligated to teach their children at a young age to respect money. This generous mother should not have to pay for the wedding.
Sometimes, it’s eye-opening 😮😮to watch people on money-focused shows who struggle with basic financial skills, often ending up with significant debt. These shows can really highlight how poor financial habits and a lack of responsibility can impact both personal / physical health and attitudes. Hopefully, they’ll realize the importance of making better choices, practicing self-discipline, and taking steps to improve their well-being and financial outlook. It’s a reminder for everyone about the value of financial literacy, resilience, and accountability.
Alinas mom gave them $250,000 and they are still asking for more....thats just ridiculous.
My goodness if I was her mom I wouldn’t
She didn’t give them $250k, she co-signed the mortgage. Very different things
I think she cosigned the 40k above ther 250k she gave them
@@caseyhill636no. She gave them 250K for the downpayment. Gail said their mortgage was only 40K
My parents sent me to school. That was the help I got. I have never had a dime of debt other than my mortgage.
Her mother is a saint. She gave 250k and co-sign for 40k, and now she is responsible if they don’t pay the extra debt they are consolidating. I really hope they changed and appreciate her help instead of literally living off her.
Edit: the conclusion the guy made pisses me off, he doesn’t acknowledge his MIL help them BIG time. So arrogant and he is the source of the problem. He takes advantage of his wife’s non confrontational nature and the love of his MIL to her daughter. Awful character.
Actually the mom is an enabler, not a saint. There are much better ways to help out then just giving them cash to blow.
A saint? I was thinking another S word…..stupid 🫠
I hope she has her name on the house.
Edit: she must have co signed the consolidation. So she's in even more trouble!
I got married at the courthouse when I was 19 and I was wearing a cute dress i found at walmart. My husband got my engagement ring for 1k dollars which is an adorable small diamond heart. Well weve been married 16 years now, big weddings do not equal good marriages
Preach It! My Cousin decided to "Marry" her Husband after dating for Three Months. She had a Big Wedding, she threw her wedding in everyone's face and ended up in Divorce Court and her Husband never helped to raise their children.
Sounds awful
I got married at the courthouse in a super cute cheap sundress and had a small diamond heart ring too. I can’t remember how much it was but I know it was under $1000. Meanwhile my cousins parents spent 30k on her wedding and she was divorced within five years 😬 this was in the early 2000s when 30k was a lot more too.
My wedding ring had no diamond what so ever.
I bought me a big, fat 1.25 ct. Diamond ring myself twenty years later.
I do not think most people say that big weddings equal good marriages. You should not assume so much about other people in such a negative way, just to feel good about yourself. Find other ways.
Buying smokes AND a gym membership...he understands one hurts the other right?
This is like 15 years old. The gym is also a social centre, that's also why people go
@CJ DUNROVIN or hanging from one ear
Yeah the gym takes up smoking time
In the LGBT community, Gyms are synonomous. On Queer As Folk (US), the fellows hang out and exercise. NSF & Bank Fees are a mess. When I use my Credit Card at a Machine, I get charged $3.50 so what I do is if I see I have extra it goes towards that. Now Smoking costs so much money. Also after The Gym, many like to go to a restaurant/bar/cafe to eat and that chops your salary. After you get your cocktail, meal, and dessert you pay at least $75.00 on the bill.
I'm sorry, can you explain this?@@laminage
This show is AMAZING! I am addicted!!
Me too!!!
Me, too!
I learned so much from this Show as well as Princess. I would have loved for her to have worked with US Celebrities like Aaron Carter, Tionne "T-Boz" Watkins (TLC). Twenty Years Ago they were either at the top of their A Game or dealing with the heartbreak of losing a Partner.
A lot of these reality TV shows are amazing, down to reality, no fictions facing real issues among mankind.
The miscarriage is a saving grace for this episode, as the featured couple are not financially wise to expand their family.
@@philippoon8879 Amen! Did you ever see Broke & Famous or Victor Antonio's Show where Aaron Carter finds out he's Broke because his Manager Jayson was stealing from him.
the camera man and that baby had a moment. Camera man did his job right, needs a raise~
That was one gorgeous happy baby!
They only took out a $40,000 mortgage and STILL needed Alina’s mom co sign for it ?! I’d be completely embarrassed.
Completely
I suspect the money wasn't "given" but that the mother has an ownership interest in the house, so they can't change the mortgage without her agreement.
Who wants a SIL you need to co-sign for?
@@elipotter369 Q
Hes ridiculous. They had a huge gift of getting a free $250k from his wifes mom, he should've had the 40k mortgage paid off in 2 years or less. I'd regret that son in law if I was the mom
“We really realized our financial problems when we started running out of money.” Oh, was that your first clue? 😒
Drew Conway hahaha classic
🤣 🤣 🤣
😂😂😂😂🙈
I was in the bank and a 20ish guy came in and wanted to “top off his card” because his credit card was being rejected. It was one of the funniest things ever. He had NO idea how his credit card worked and became very argumentative. Bank manager was still going around with him when I left. I kept thinking he was too dumb to breathe.
@@MrsEJV OMG... yeah we had a friend who used to pay $40 on her credit card so that she could buy a $40 sweater - always kept it maxed out. We cut up her credit cards.
Why why why do parents keep having kids when they can't afford what they have? Birth control is cheap.
Insanity. People think no emergencies will happen. And her parents enable it all to continue and continue. I hope her mother does what she says she said "no more help from me."
Borrowing money for a wedding seems so ridiculous to me. You are putting a lot of strain on your marriage straight out of the gate by creating this debt. Just go down to City Hall if you can't pay cash for it. If you can't handle that idea then you're getting married for the wrong reasons
Owen Brady They should have just done the courthouse wedding and done the ceremony once they’ve saved up for it.
Yeah and it’s kinda confusing for me .... since they had 250k from their mom. They could have easily just deducted 15k from that to pay for their wedding cash versus using high interest debt
That is so sad she had a miscarriage. What a horrible thing to go through
We put our wedding on delay until we could afford the party. 3k for 50 people attending. Was a nice wedding.
Court house just pay the fee
We got married in our friends’ living room, went to dinner, then went to the casino. No debt. No excessive spending.
We kept our wedding small. Hubby's former roommate & his girlfriend did our catering, my mom & dad gifted us the wedding cake, his older brother did the photography & gave us a wedding album of the pics as a gift, the other brother provided a videographer for a tape of the wedding, i bought my dress thru a dept store on sale, made my veil & flowers myself, got married in the local church across the street from hubby's apartment complex, only had close friends & family attending,.. We did have a good time & we're still together after 36 years of marriage!❤
3000 gym membership smoking 4 packs a week 🤣
Like trying to put out a fire using gasoline. 😂
This pisses ME Off. Cant imagine how her mother feels! UNBELIEVABLE 🥴😣
If I had been given 250,000 towards a house I would have either bought a house for no more than $250,000 more than likely I would have bought a house for a lot less than $250,000 and put some of that into savings.
I suspect the money wasn't "given" but that the mother has an ownership interest in the house, so they can't change anything without her agreement.
@@elipotter369 But the comment still applies, right? If she was willing to put $250,000 into their nest egg, they could have gotten a cheaper house and not had that extra debt.
@@jtidema yes, you're right, the comment stands. I think a lot of people go for more (bigger house) if they can manage it.
I would've still used it to get the $300k house I want, and pay off the $50k mortgage in 2 years or less. They are financially dumb
That would not have been possible in Toronto. And now that house is well over $1 million. Lucky them for having such a generous mother.
Amazing how people start squeezing out kids at in opportune times. Domestic abuse? Kids. Financial issues? Kids. Just had a kid? More kids.
Financial help from family can help or enable. If they don’t struggle, they won’t learn how to manage needs vs wants.
I know that this series is kind of old but it’s still useful for today. Also, $250 a month for the gym?! Is he paying for a personal trainer? Is it an Orange Theory? My partner and I were complaining about paying $45 each for a non-commitment membership at a local gym 😂
Cheaper to create a home gym!
Gym membership and smokes. Seems counterproductive 😒
@@rollerbaybee4230 I saw that and said "Cigarettes? Wasting money!"
My son quit his $25 gym membership to work out at home and save money. I can’t imagine a $250 a month membership
Her mom gave them $250k for a house? And she married THIS???
She married this? Lol she’s no prize
They are both ridiculous. Imagine being able to own that much of your own house at this age. This was back when houses were affordable. And then blow your whole life up because you are too immature to learn to handle your own money. She comes from money so she expects to get bailed out by Mom when this goes south. He likely does as well.
This show should be called "Aren't You Glad You're Single"
The mom gave them $250,00 !!!!!!!😱😱 I kind of think she married down too. Cos he's a baby man. Hope they succeed
P Robbins I hope she can retire still. Fit your own air mask before you fit others
If I asked my parents for that kind of money to afford a house they would have said I couldn’t afford it and never given it to me....that’s the reality.....the mom should have been like noooo
I bought a pretty white dress at the army barracks thrift store. It was marked $7.00 but when I got to the register, it rang up at $3.50! My mom's best friend added accessories to the dress and made me a veil to match. My husband's boss let us use their winter home in Florida for a week and gave us money for the airfare as a wedding gift. My husband's mom bought him a 2nd hand suit and a friend of my mom's made the cake for us as a gift. My husband's brother was the photographer and developed the photos as a gift. The only thing we paid full price for was the flowers. Start to finish, our wedding and fire hall reception was $600 in 1978. Everything was paid for by the time of the wedding. We just celebrated our 46th anniversary! Several of our friends spent $$$ on their weddings and are now divorced.
Why would he get her pregnant again knowing they were already financially struggling. Smh
Because fucking feels good. And clearly he's too dumb or selfish to use condoms.
Where was SHE during this sex act?????? I've been pregnant multiple times- know who HAD to be there??? ME and a guy
Why didn’t she take precautions to not get pregnant ? Although I think both were clueless about their debt
Such a little boy this dude is. I don't get what made her go for him.
Alina miscarrying broke my heart. I hope they stick to the plan; they really seem to be making positive changes.
I love ALina's mom's approach. She set them up for life by offering a huge downpayment and then still requiring that they pay a mortgage. I hope they realize how much she's done for them.
Some people don't realise how blessed they are 🙏
This guy looks like Buzz from Home Alone
Buzz McAllister. He does actually. A slightly older version.
Only fatter and GROSS he smokes
I watch these videos to feel good about my recent 232k mortgage balance. 0 debt besides that.
The grand mother should get the deed for the home, she pays for it.
I am surprised Gail didn't have him cancel membership at the gym or the gun range. He should also stop smoking and get a vasectomy.
Knowing when to walk away as the parent is key. I know my grown kid would be back in heavy debt again if I bailed them out. So no way I’m going down that path.
Stupid decision by mom to cosign a second time for a refi, after cosigning the first time. Stupid suggestion by Gail in the first place. This will not change the couple's behavior and just gave the mom more risk. Dumb dumb dumb.
Yeah, that's what I was thinking. There had to have been a way to consolidate the loan without bringing her into it...
She has to make suggestions based on assuming they follow her plan, which they have been. In that case, it's a smart idea and they sadly have to involve the Mil because of banking rules
What the hell is wrong with this guy?
We were both working adults when we got married. We cashed flowed the wedding ceremony, the reception and the honeymoon. I paid for the expenses associated with the bridesmaids, my husband paid for the church ceremony and reception, my in-laws gifted us a short honeymoon in Hawaii.
We came home debt free = no worries. Ten years later we were living in a paid for house, thirty years later we are still living in a paid for house (different bigger one)
Writing down everything each month ( my bills and expenses ), where I could pay only my fixed bills was amazing. Even though I am retired, I live okay now. Planning Is Everything, you’re family can love you but not always are there to support you
The mother never should have given them that much money. Obviously they didn't really appreciate it.
So one thing that surprised me is how many are smokers.
We got married at the court house with family only. saved all our money to buy a house after our 1st child. were able to put 40% down and not have to buy mortgage insurance. Then worked our butts off and put all extra money towards our mortgage and payed it off in 13 years. Completely debt free for the last 4 years. Having my teens watch this show and hopefully they won't make poor money choices
$250k being enough to cover all but $40k of the house cost would be so incredible. I’ve got nearly that saved for a down payment and still can’t afford the average home in my area. 👎
The good old days when home prices were normal !
$25 a day for childcare? She could charge more.
Who has the right mind having another baby after having another and still being in debt before baby 1?
It's horrible that she had that miscarriage but they were in no way prepared for another kid. Like have that second baby when you know it's not going to send you into bankruptcy
It’s actually a saving grace or a blessing in disguise when they had the miscarriage.
I don’t understand this couple, 😂😂😂
When I was at that age, in my 20s, I alone was responsible for ALL my bills. And I still managed to save.
…a loan for a wedding? No way!
I cant believe what she went through during the month with the miscarriage. I feel so bad for them and hope they are doing well now.
I'm glad Alina's mom told them she wouldn't be helping them. Some may think she's being horrible for not helping her family, but if she keeps helping just for them to continue to be in debt and for her to end up in debt, how is that doing either of them any good. They won't learn if someone keeps doing it for them. Tough love, its hard, but you have to do it sometimes.
3k gym membership!!!!!!!!?
I am so sick of Gail recommending moving consumer debt to a mortgage. It is such a stupid idea.
I think cause they only owe 40k on the house
Interest costs are lower. I think she said they would save around 15k
@@sterlling1 it's dumb tho to risk the house for consumer debt. Better to file bankruptcy or pay it off.
@@sterlling1 they also can renegotiate their interest rates. If the lender knows they are a bankruptcy waiting to happen, they will lower their rates. This is far better than risking their house.
Lol, our wedding cost total 5k vs 3k annual gym fee for this guy. Delusional!, I hope people learn to live well under what they makes.
Don’t understand why there’s so much for clothing. You don’t constantly buy new clothes surely. Get a wardrobe together for work and stop. Once a year replace worn out. Less upkeep, storage, confusion. Where your clothes more often, as we did in the 60s and 70s
Wow, who gets 250k for a house!!!! And they are in debt, unreal!
So you’re allowed to just open up a daycare in your house with no licensing or childcare credentials?
Yup
Depends on the locality / state /Province. In some places if you care for X number of kids or less, then you don't need licensing. In other places you pay to be 'inspected' when you first open up, which can be a couple hundred. Sometimes they require a certification from say the Red Cross that you know CPR. A major thing these folks forget to do -- buy insurance. Most homeowners insurance won't cover an at-home day care for negligence or damages. There are always start up costs with any business, but the bar is set relatively low, especially since there is such a great demand for child care in certain areas. Hard to pass alot of regulations for at-home child care when women have been taking care of 4-8 children for the last 5,000 years of civilization.
The wife is an ECE which gives her credentials
You still need to pay taxes on it so you're not completely "off the radar"
@@wowwee0 What’s an ECE?
They are having 2 under 1? Ouch!
not anymore, which is probably a good thing
Hardly, even IF she hasn't had a miscarriage, that baby is 9 months. I am math INPAIRED but 9 month kid+ 9 month pregnancy = EIGHTEEN months
Sometimes the over share of personal information is so jarring 😢
Gym membership & cigs should be the first thing to go. You don't have to pay for a gym membership to exercise. Cigs eat up tons of $ & are so bad for your health.
We went down to the courthouse and the judge put it all to rest, no wedding day smiles no walk down the aisle, no flowers, no wedding dress
Mum gave them $250k towards the house, but they took a loan at 20+% for the wedding? Mum wasn't prepared to put anything towards that? Surely they would have been better paying the wedding off when they got their $40k home loan, surely they could have borrowed $55k?
Gym membership lol, dude needs go run outside for free
Schools need to teach in high school, basic finances. I had 1 semester of banking, investing, anything money , in high school. But my parents also taught me. It’s not rocket science. It’s really common sense
He should have got her mother off the mortgage
Can is not serious! His smirk says it all!! He wants to play the big shot😭😭😭😭
Baby making is a very costly hobby- helloooo
Dan needs to stop smoking.
$290K house 10-15 yrs ago. Come on now and be thankful y'all got some serious help.
My wedding: sample dress 75% discount; veil:made by my mom; reception hall: free use of the bank's basement where my parents had their accounts; flowers, cake and buffet caterer: ladies who worked from home. All of were found via word of mouth. Music: a cousin was in a rock band. They actually learned a waltz. Photos: only professional hired. Paid for time only at first. Order the photos over a year later, when we could afford them.
Stop smoking, get rid of the gym membership and cable now! Get a part time job to pay down your debt.
Personal trainer has a nice build.
Seriously? The personal trainer needs to drop 30 pounds.
@@vinnyhighstrung1338 , he doesn't need to be anorexic to be a trainer. He's fine.
@@ensignmjs7058 Sure if you want weight loss and fitness advice from someone that looks like that then knock yourself out.
Mario from the old Persichinis in Newmarket the gym has since closed down. He is super knowledgeable and does strong man type competing he doesn't need to be super skinny he is ridiculously strong
He smokes and then goes to gym ...quit smoking
Money, money, money, money, money, money, money….
Why doesn't someone work 3rd shift to avoid child care costs. That's what I do. Yeah it sucks but you gotta do what you gotta do. Sometimes you don't get sleep but bills get paid and the kids get stuff. It won't last forever.
I feel for Alina. Even though their finances are mess, stresses may have contributed to misscariage. To go on with TV show is cruel request.
I don't know where Gail gets her numbers from. $3600/year invested at 5% for 35 years is nowhere near $600,000. You'd need an average annual return of around 7.5% to grow $3600/year to $600K.
Maybe she’s accounting for raises and that they’ll continue to invest a similar percentage.
I don’t understand where she gets a lot of her numbers.
She usually says to reinvest the tax break too
So, I plugged the numbers into a compound interest calculator. $3600/year (at $300/mo) invested at 5% for 35 years, compounded quarterly, will net a bit over $361,000, but compounded annually it's a bit over $350k. My guess is she also added in the value of the house, which was at the time $250,000 - when put together with the $350k, you get about $600,000, and if they hung on through the bubbles, that house is probably worth a heck of a lot more now.
Compound interest
Can anyone in Canada set up daycare? Without any qualification and home checks?
Wedding 1k, ring 1k still married year 7, 4 houses later. No help from family.
How old is this show? TV looks old.
Early 2000’s, pre 2008 crash
She had a miscarriage and they made her go to the gym?! 😮
Many years ago when my mom delivered my brother and he died a few hours later (he was a premie) the doctor told my dad she should get pregnant right away (postpartum depression was treated this way). I was born 11 months after him. I was tiny and wasn't responding the way the doctors wanted. They considered me a failure to thrive and actually sent me home to die. The doctor thought it would be best for my mom if I died at home. My parents didn't give up on me. Here I am soon to be 55 years old.
it would be fine if your bodys already used to the excersise before, the doctor i saw for my kids said to keep going within reason
😮😢
These two are extremely annoying.
All praise for early childhood educators, but the pay is so low it doesn't let you provide for your own kids. Why, oh why, do women make these stupid career choices?
more like why is this work soo undervalued? what could be more important than keeping kids safe
@@Ravenousyouth Agree with you there. Women's work is severely underappreciated and underpaid when it fulfills the biggest needs in society: teaching and safeguarding children (teachers/social workers) as well as improving/maintaining physical and mental health (nurses/counselors/related service providers). These professions are also notorious for guilt tripping workers (predominantly women) into working more for no additional compensation because it's for the kids/sick/etc. No wonder burnout is so rampant in those fields and there are so many shortages. Emotional labor is still labor and is the most beneficial to society's wellbeing and should be treated as such.
Tiệm
If the mother gave them $250K for a house she should have chipped in the 14K for the wedding and then the couple would not be paying 28% interest. However, these two need to get on track with following a budget.
lisajanefox sooo the mom gave them 250,000 and they should also get another 14000 from her for the wedding?
A parent is NOT obligated to pay for their adult children. A parent IS obligated to teach their children at a young age to respect money. This generous mother should not have to pay for the wedding.
She gave them $250k and that's not enough for you??
"Should?!" She wasn't obligated to give them anything.
They could i have paid for a cheaper house and paid off the wedding...quarter million gift ...mind blowing
The host dialog is the same of the same,she should fing a diferent lines..!
$40k loan for a wedding?!
14, not 40
She shouldn't be working out at a gym this close to having a miscarriage. That's just common sense.
Nonesense
@@Liitebulb I assume you must have experienced this personally.
She came off the miscarriage and wanted to rebuild herself.
the " missed-carriage " was a good thing. they definitely don't need another child acting like that.
Miscarriage.
😮
You personify the schadenfreude evil of the internet. Callous enjoyment of another person's tragedy.
Classy commnent.. and especially disgusting coming from a woman.
Would you cheer for their born baby to die too so they could save money?
Sometimes, it’s eye-opening 😮😮to watch people on money-focused shows who struggle with basic financial skills, often ending up with significant debt. These shows can really highlight how poor financial habits and a lack of responsibility can impact both personal / physical health and attitudes. Hopefully, they’ll realize the importance of making better choices, practicing self-discipline, and taking steps to improve their well-being and financial outlook. It’s a reminder for everyone about the value of financial literacy, resilience, and accountability.