In Debt On A 100k Salary?! - Til Debt Do Us Part 104

In Debt On A 100k Salary?! - Til Debt Do Us Part 104 - Without A Safety Net

Рет қаралды 140,721

6 жыл бұрын

Mark brings in more than $100 thousand dollars a year. His wife Nicola, a teaching assistant, earns one quarter of that. She has Mark on an allowance of $100 a week for his gas and spending money and Mark is fed up. They also have 3 kids who play sports 5 nights each week, forcing them to eat fast food on the run. With absolutely no savings, if Mark loses his job this family of five would be living on less than they pay for sports every month. Can this couple make the sacrifices needed to make the save?
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Пікірлер: 217

@marinashear3818 2 жыл бұрын

I love Gail’s saying, “Money isn’t rocket science, it’s discipline.”

@solidstate9451 Жыл бұрын

I have no discipline and I save every month money. It is more of a habit.

@omalleysmith9100 Жыл бұрын

This just goes to show that its not about how much you make, but how much of it you KEEP.

@onlychas Жыл бұрын

Right!

@neolithic3 3 жыл бұрын

Something they didn't address is what if something happened to HER. They only focused on what the husband brought in. If the wife died or was disabled, their lifestyle would absolutely tank. All the non paid work she does for the family would suddenly have to be paid for out of his salary. Goodbye sports and anything non essential. They would barely scrape by.

@kimberleyhunter6815 2 жыл бұрын

What you pointed out may have occurred to Gail and her team later on. She did make "role reversals" challenges in some of the later episodes.

@Dave_thenerd 2 жыл бұрын

What you say is absolutely true but I think they were more concerned with immediate financial danger like not being able to pay the mortgage and loosing their house. As opposed to the husband and kids having to pick up the cooking and the cleaning and cutting out the sports.

@michelleclawson4240 Жыл бұрын

@@Dave_thenerd i think it's different in Canada (this show) but in the USA the childcare would be a large financial strain and effect his career too.

@ayela562 Жыл бұрын

@@michelleclawson4240 it’s not that different here. Child care is also a huge strain on Canadian households.

@LucasFernandez-fk8se Жыл бұрын

Ok I get what you mean but also like not really ? I get she couldn’t shuttle the kids around daily and they’d have to put the kids in ASP but other than that they’re only loosing 20k of income. The main trauma is loosing their mother tbh

@jordandior3191 3 жыл бұрын

You can enjoy your money AFTER you have an emergency fund and are debt free.

@JehanineMelmoth 25 күн бұрын

That’s very Dave Ramsey, but it’s unnecessarily miserable. Gail always works fun and entertainment into the budget, so that they enjoy their lives and their money even when paying off debt.

@A_Girl_named_nick Жыл бұрын

Omg. This hits hard. I make/made a good 6 figure income but we were almost paycheck to paycheck. It made noooo sense! But then we stopped eating out, saving HUNDREDS a month. Stopped all the services like a pool cleaner, maid, yard care, the gym membership we never used. My husband is a stay at home dad, he started cleaning the yard and pool. I do more cleaning and I cook 6 nights a week, and the 7th night we will have leftovers. Now we are debt free, have a nest egg and almost have our home paid off. It is CRAZY how quickly a budget can put this into perspective. Credit cards. Debt cards, just hid the problem for a longer time.

@wolfdog1492 Жыл бұрын

Love this programme. It helped me.

@MrsEJV 2 жыл бұрын

As the daughter of a hockey coach, you can’t IMAGINE how expensive that sport is. Now with travel teams at such young ages, in addition to ice time and equipment, factor in overnight trips on weekends, eating every meal out - insanely costly sport.

@davisholman8149 Жыл бұрын

So great for that family’s togetherness. It is more than a ‘sport” - it is a lifestyle. I am an American in Scottsdale, Arizona. We don’t get much hockey here. Yes, there is a team - but not much hockey for kids. My child started plying lacrosse - it was in its infancy here too. We all enjoyed it as a family so much.🌵😎🇺🇸

@buglove515 Жыл бұрын

I was sooo excited when my kids were old enough to play school ball! Still not cheap but not near as expensive.

@quitadiva4235 4 жыл бұрын

I looove watching this show. Money, money, money, money, money, money, monnnneeeeyyyy!!!

@ysette8 3 жыл бұрын

I'm impressed with their commitment and progress. I also am struck by how their house is neat and clean and it doesn't seem to be filled with stuff the way a lot of the other families' houses are. I suspect they have a better chance of making this stick than others because they aren't battling a shopping addiction.

@KC-qr3wk 2 жыл бұрын

They’re battling children’s sports and eating out addictions. Both are just as addictive as shopping. I say this as I used to be addicted to both too - eating out more and it blew out my budget and my waistline. Anyone on here is here because of an excess in one area or another and I don’t think any addiction is worse (or better) than another.

@peggypeggy4137 8 күн бұрын

@@KC-qr3wk I was thinking that this family will be a lot better off when they don't eat out. The foods that she was buying at the supermarket was a million times healthier. The hockey thing I am more torn about. I'm glad that they didn't take that away from the kids because sports are really important. I think they would be OK if they just stay away from the stupid impulse buying. which we are all guilty of from time to time lol This family was nice.

@moewilson4605 Жыл бұрын

I think it is nice that they included the kids a lot. The kids are also learning about finances.

@MeaganJones-qc8uw 11 ай бұрын

They are a bit older and this show is intelligent reality, so that's cool

@Rachel-ul8et Жыл бұрын

This is the first one I saw that the kids are learning right with the parents. That’s so great!

@joank.0421 8 күн бұрын

Changing their family legacy and teaching good financial habits. ✨️

@bonnyroggenbauer6518 6 жыл бұрын

I love the willpower at the grocery store.

@ktsterlin9304 Жыл бұрын

This family was so sweet. I wish they all were like this ❤

@Jane5720 Жыл бұрын

I love how she involve the kids with the budget I think that’s really important that they understand what’s going on so they have the expectations and it’s good that they have it come from someone else other than just their parents. And then they got a treat and they ate cake so yay to Gale for all of that

@samsamcupcakes6476 4 жыл бұрын

So cute!!! Doing something nice for each other without spending money 👍

@Me-mb1ex 4 жыл бұрын

“I think he knows I have pretty good handle on it.” So what show did she think she was on?😂

@Rooneytunes01 4 жыл бұрын

Sanbika haha

@budgetwithrenay2419 Жыл бұрын

I love it when the whole family steps up.

@helenaroxbigtime Жыл бұрын

I love how the couple became happy and close again!

@onwardwiththeswans8558 4 жыл бұрын

That bag was like the Mary poppins bag I was wondering how much more was coming out

@lair4919 3 жыл бұрын

Now this is a family worth helping and good attitude..Likey😚

@happycook6737 2 жыл бұрын

I have 2 suggestions, crockpot or instapot! Cooler with snacks in car for kids.

@tiffaniquewright8841 Жыл бұрын

This is the cutest couple. I hope it works out for them.

@LightworkBeacon 3 жыл бұрын

I love Gail & this show; but you can really see that the camera work got better over time in these earlier episodes! lol

@snackman2005 Жыл бұрын

These can be interesting to watch. But without a follow up a year or two down the road how do we really know if these people turned their financial lives around?

@kenbuddybuddy2005 Жыл бұрын

This is such a nice family. I wish them all a life of happiness and success.

@celiagorleski2716 4 жыл бұрын

She wants to cut up her debit card and live on cash. They are basically the same thing. It should have been the credit cards she should have wanted to cut up.

@toniacampbell6384 4 жыл бұрын

this was made in 2002-2005 where keeping track of finances wasn't as convenient as it is now. We can check on our phones. Back then they had to go get a bank statement and i'm pretty sure online banking wasn't much of a thing for normal people back then. Cash is easy to keep track of. really easy. Also all the couples use the cards. Using cash will also put in perspective how much money they are really spending. Compared to their debit card where they have a vague idea on what's in the bank. So no. Debit card isn't the way to go for these couples.

@ellenorbjornsdottir1166 3 жыл бұрын

Overdraft?

@happycook6737 2 жыл бұрын

No. With a debit card you can tap out that account. With cash when it's gone it's gone.

@jenniferpearce1052 Жыл бұрын

@@happycook6737 When you tap out the account the debit card is attached to, the cash in it is gone. Same thing as cash. Just less visceral.

@cindymann3673 Жыл бұрын

@@jenniferpearce1052but with a debit card, there can still be overdraft + fees

@maryholden3136 6 ай бұрын

This episode made me cry because of memories: as a young bride my husband used to brush my hair RIP Charlie

@anythingandeverythingABCLife Ай бұрын

that part actually made me tear up too, and i don't even have some sentimental memory of hair brushing either; it was so sweet

@M-hc9xm Жыл бұрын

Getting takeaway for 5 so often? That alone will do them in. and if he's on an allowance, she should be too.

@kanalowe6657 Жыл бұрын

I think I watched this episode on tv maybe 10 maybe 15 years ago. Hope they are doing well. The kids would be adults or close to adults now.

@bovnycccoperalover3579 3 ай бұрын

This was 2005 so all the kids are adults now. Hope that they are all doing well.

@NL-hu2ud 2 жыл бұрын

I have noticed in a few episodes (this one included - unless I missed it?) They don't mention the total debt.

@nathaliedasilva555 Жыл бұрын

I'm thinking it's because they had no debt but were living paycheque to paycheque and had no savings. Hence the need for Gail to show them how to cut their expenses and save.

@happycook6737 2 жыл бұрын

Wow, old fashioned cash register! I forgot about those.

@barbbuffington6931 2 жыл бұрын

Loved the exercise she did with the kids

@budgetingdaddyuk6761 Жыл бұрын

It's not about how much you make, it's about how much you can save or invest.

@BlackNight603 3 жыл бұрын

I love how strict Nicola is with her children

@marinashear3818 2 жыл бұрын

Amen! Great for her!!!

@davisholman8149 Жыл бұрын

@@marinashear3818 She is a very good mother.

@katemiller7874 Жыл бұрын

I can’t stand it. When you keep saying no they feel like they don’t have anything then some not all turn out to be big spenders. I did the opposite with my kids. They are so great with money they save 90% of their money because they had things. Never felt deprived.

@ykook7000 Жыл бұрын

@@katemiller7874 they already had everything that's the point! Parents should be saying No sometimes

@BlackNight603 Жыл бұрын

@Robert Mitchell that's true

@Kingtattedsr Жыл бұрын

How is child care 1500 a month when all the children are school ages . 12,10,8? I’m so confused

@zeed683 Жыл бұрын

Before and after school care is expensive

@kandykate163 Жыл бұрын

When I was those kids age when school ended, the bus would take me home and I would be alone and doing things myself

@lauralinden6840 Жыл бұрын

Having three kids eliminates a lot of discretionary income.

@ddchomeschool Жыл бұрын

Hockey is like :the: most expensive sport, I’ve heard.

@maryholden3136 6 ай бұрын

And one of the most dangerous in terms of injury

@eizhowa Жыл бұрын

So her staying at home pluss her income is values the same as a 70k a year total income.

@maryholden3136 6 ай бұрын

Yes, because of the savings on childcare

@reghup3747 Жыл бұрын

So these guys have IQ to earn 100k,but not to do 4th grade math, to be told how much is too much

@bovnycccoperalover3579 Жыл бұрын

Being intelligent doesn't make you disciplined.

@judymcpheron5955 Жыл бұрын

Great progress! Well done Gail.

@Sacheen81 5 ай бұрын

I love this family.

@denisebarker9288 Жыл бұрын

Nice family. I wish them well.

@938quilt 4 жыл бұрын

wow that's a lot of jars LOL!

@angelasepi657 Жыл бұрын

Cute family. I hope they stuck with it.

@bovnycccoperalover3579 Жыл бұрын

Nice family plus the kids are well brought up.

@handylady8015 3 жыл бұрын

I want cake now.

@vt-yp7yq Жыл бұрын

Great episode.

@simonnelarson6295 3 жыл бұрын

They r not happy that is why they spend

@suzieq390 Жыл бұрын

Plastic shopping bags. This is very old 😂

@LegendofBen Жыл бұрын

Wow season 1 looks/feels so much rougher than later seasons.

@bovnycccoperalover3579 Жыл бұрын

Also better!

@charlottebreton6796 Жыл бұрын

Active lifestyle but eats junk food all the time.....

@paullyrenee Жыл бұрын

Best couple yet

@liveyourlife7367 Жыл бұрын

Communication goes a long way too!

@cocofluff 6 жыл бұрын

Its insane they make over 100 thousand dollars a year and have no savings! Oh right, indulging in expensive sports and a housewife who doesn't cook.

@mabelw7 5 жыл бұрын

100k is only 65k after taxes... its not alot,... nowadays to save and live in nice home/lifestyle and go on vacations need 200-250k/yr combine

@SuzanneU 4 жыл бұрын

Mmm. Nicola earns $25,000 a year. She saves the family $42,000 a year in childcare costs. That's not a negligible contribution.

@ultraboombean 4 жыл бұрын

@@SuzanneU amen !!!

@kylepederson9420 3 жыл бұрын

@@mabelw7 They made 125k in 2004

@davisholman8149 Жыл бұрын

@@kylepederson9420 I did too - but Canada is more expensive than life in the USA. Much higher taxes.

@keithcasey866 Күн бұрын

Hockey is extremely expensive..i had a very good freind who lost his house because all 3 boys were in travel hockey for 10 yeqrs. Sad and pathetic but true.

@debbiechaney6607 4 жыл бұрын

Great couple!!

@lesliepierce8808 3 жыл бұрын

I thought they were sweet and obviously willing to learn from Gail. Hope it all worked out for them.

@daschundloverable 2 жыл бұрын

1500 x 12 = 18k not 42. ...still a big chunk. hockey is an expensive sport to play, unlike baseball, swimming, football, basketball, wresting.what did I.......... forget?

@M-hc9xm Жыл бұрын

When you get into club sports, those are all expensive.

@kimberlygoguen3219 Жыл бұрын

They are sweet together ❤

@juditharsenault2131 Жыл бұрын

God was dealing me about getting fast food. I resisted but fell flat on my face twice. I got a Whopper Jr at Burger King and it was cold and dry. Worst burger I ever had. Next I bought a muffin at a convenience market and it was dry and awful. That cured me . He made sure the food was awful when I disobeyed Him.

@starwars1744 4 жыл бұрын

How about some sheetrock in the basement before two new bedrooms.

@malachinumba1 Жыл бұрын

What is an RSP payment?¿ I was thinking RSPCA at first 😂

@letsgrowandprosper6562 Жыл бұрын

RRSP is a retirement saving tool that encourages saving in Canada. It reduces your taxable income at tax time which is awesome for medium to higher income earners.

@mkelson6315 4 жыл бұрын

Where can we watch shows beyond season 2?

@rachellewellyn9062 4 жыл бұрын

Prime

@deborahblackvideoediting8697 3 жыл бұрын

You might have found them already, but Syndicado TV (a KZfaq channel) has more seasons.

@marinashear3818 2 жыл бұрын

I’m watching on KZfaq, but I see a lot of the programs I’ll have to purchase if I want to watch them. Not willing to do that (eats into my entertainment budget).

@Imbatmn57 Жыл бұрын

She is good at saying no

@lulu-qw8xy Жыл бұрын

Yeah, she needs to use it on herself!

@CaraMarie13 9 ай бұрын

Like how is life insurance in Canada? Like a term insurance on both of them for 1m each. Actually, i just realized life insurance has never been brought up in this show.

@christinebutler7630 Жыл бұрын

Why is a family with a full time housewife eating out all the time? Cooking from scratch is the quintessence of housewifery, no?

@ykook7000 Жыл бұрын

They literally said they are always travelling to sports and such ...its not just about cooking

@kamelianc7205 Жыл бұрын

She is not a full time housewife. She works outside the home full time as an EA in a school.

@baum7222 Жыл бұрын

why was childcare even brought up? the youngest is 8?

@bovnycccoperalover3579 Жыл бұрын

After school sports.

@baum7222 Жыл бұрын

@bovnyccc operalover thats not childcare though

@spaRKLES88604 2 жыл бұрын

Can we talk about how much of an absolute daddy he is 👀

@danielle8608 8 ай бұрын

If you insist lol not my taste

@gabhm4bbw Жыл бұрын

You get $100 a week allowance? WTH do you waste $100 a week on? You should be saving half of that!

@scalpeldude 9 ай бұрын

he ZADDY XD

@Kingtattedsr Жыл бұрын

I’ve noticed that some of her shows they make up random numbers that don’t really add up ; just to make it sound better

@abigailloar956 3 жыл бұрын

Is it just me or does Canadian money look like monopoly money haha

@neolithic3 3 жыл бұрын

Almost every country in the world except for the US has colourful and interesting monetary notes. Just like how everyone else in the world uses Celcius instead of Fahrenheit.....it's the US that is the strange one not the rest of the world. The ignorance is stunning.

@joannacurran8475 Жыл бұрын

The reason most countries have for having notes of different colours and sizes is to make life easier for those with disabilities. It must be extremely difficult especially for those people who are visuslly impaired when sll USD are the same size and colour. Really unacceptable in these times

@abigailloar956 Жыл бұрын

The lack of humor is stunning. Lord 🤦‍♀️

@katemiller7874 Жыл бұрын

Neolithic3. Don’t be jealous dear

@LL-fd7xn Жыл бұрын

American money is easily and always counterfeited. Take your USD and shoved it up your Deadbeat assssss. Wait, I'm just being jokingly mean troll.

@raymondcouture2032 3 жыл бұрын

125K a year, 3 kids and being told they do not belong to this contry's middle class any more ? WTF

@neolithic3 3 жыл бұрын

It's from 2004....

@Ndstars1 3 жыл бұрын

I don't think they should have asked the kids to volunteer to sacrifice. The kids will just be scared that the household is unstable. The parents can just inform them that a sport will be stopped without making the kids feel responsible for the family's debt.

@louiseclarkashburn6664 2 жыл бұрын

I disagree. The way it is handled makes all the difference. Involving the kids helps them to learn the lessons along with the parents. Rather than scaring them, it empowers them because they see that we all have the ability to change our financial future.

@LucasFernandez-fk8se Жыл бұрын

Yea without telling the kids why they’re doing this the kids are just gonna be bitchy and upset that their lifestyle is being downgraded without understanding the underlying cause

@shelbys2750 Жыл бұрын

It doesnt seem like they were in debt, they were just living paycheck to paycheck.

@katemiller7874 Жыл бұрын

You nailed it. If kids think there is financial problems. Grades will suffer. Some kids really worry while some can take it in stride. Kids need to get good grades in school not worry about their parents finances. School is hard enough.

@Mkay999 Жыл бұрын

They couldn’t save the $1000 WITHOUT the help from the kids. The kids had to be more mindful of electricity, water, and especially their clothes. They are huge contributors to where the money is going and they realized it. Everyone has to work together as a family in order to have any savings for them

@AncientShadow Жыл бұрын

Was this the only family/people without debt?

@maryholden3136 6 ай бұрын

It's the first one I've seen

@katiethomas5889 3 жыл бұрын

I bet the sports cost a lot, you could cut back on these. Sad but it maybe necessary.

@user-ui1zv8bd4y 3 жыл бұрын

Hockey is a very expensive sport.

@Tamarind525 Жыл бұрын

Would be helpful to know what year these episodes are from. Best estimate is 2005?

@ykook7000 Жыл бұрын

Does it matter it's obvious they are over a decade ago

@bovnycccoperalover3579 Жыл бұрын

Yes, 2005

@solidstate9451 3 жыл бұрын

I don't feel comfortable when the child gave up his sports. A child shouldn't sacrifice his social life and his friends because of the bad decisions of his parents. Team sports is so important for a child to get social skills.

@carolc2574 3 жыл бұрын

He didnt. He offered to, and the parents were touched by it, but the dad said that he wouldn’t allow it. It was dad who gave up sports for himself but not the kids

@Ndstars1 3 жыл бұрын

@@carolc2574 Yes, but I'm sure the kids felt guilty while sitting around the table, asking to volunteer and that not fair to them. Their parents mess shouldn't be on the kids.

@ediemaar2446 3 жыл бұрын

The most important thing you can give a child is a stress free home and a model relationship that does not model resentment

@stephaniepuebla8487 2 жыл бұрын

He volunteered. I agree that adult problems are adult problems but also it's sweet and shows great character when family steps up to reach a common goal that benefits all.

@ruthosornio7779 Жыл бұрын

I never could play sports as a kid....the expense was too much.

@cpmffeilberg4970 4 жыл бұрын

I have to live on $90 a month and manage, how can they be so careless with their $? If I had even 1 year of their income I would make it last a long time, without Gail. Come on guys, get with it.

@angelikalaser7778 4 жыл бұрын

So you live on the street and eat from stores garbage bins?

@millsykooksy4863 3 жыл бұрын

$90!?!?!?!😂😂😂😂

@nanettemorton4054 2 жыл бұрын

My guess is that you don't pay rent, utilities, car insurance, etc.

@JuanSanchez-ht2km Жыл бұрын

Agradecimientos: BBVA Telefonica Jazztel Liga bbva Orange Tempus Grupo lo monaco Harmont&blaine C&a H&m Camisas antonio monpo Artesanos camiseros Walmart canada fashion Richard davis jeans Franklin & mashall David walls Punto blanco Parama jack

@samthesnowman666 2 жыл бұрын

damn he finne 54 64 6

@Teenywing Жыл бұрын

What year is this? $600 a MONTH for groceries?! That wouldn’t last one week for my house

@Candlewick14 Жыл бұрын

Same...we are a family of only 3 and I think we would spend 400 per week in australia

@tedros6917 Жыл бұрын

2004? I think it could definitely work

@LucianTSkeptic 3 жыл бұрын

Two major mistakes in her advice: lack of mention of disability insurance, and telling them to pay down their mortgage ahead of time. Simply wrong.

@lk1869 2 жыл бұрын

My educated guess is If he had an RRSP program at work, and a 100k job, I can almost guarantee you that he has disability/life insurance through his work place as part of his health benefits package. When this was filmed, a job with that level of pay (and probably responsibility) would need it to woe and keep workers.

@ruthkief8962 2 жыл бұрын

I bought properties in 2008 and 2012 paid extra on the principal. Sold primary house last yr. And renting other house for twice the mortgage. Payed cash for new house and retired. In the US I got a built in savings account with the mortgages.

@cabayern9416 Жыл бұрын

She may be saving 2k a month, but had she earned a college degree and were teaching.... She could be contributing several thousand a month. She wanted a guy to shoulder this responsibility.

@Mkay999 Жыл бұрын

Did you not hear that’s she’s saving them 40K a year bc they don’t have to pay for child care? She is contributing

@cabayern9416 Жыл бұрын

@@Mkay999 that is a greatly exaggerated number. Besides.... If she would really work (if she has any post high school education)... She could make 60k. Nope. She just want someone else to have to shoulder the responsibility. Lazy and a depend.

@ykook7000 Жыл бұрын

@@cabayern9416 get over it dude she saved on childcare and was home when all the times kids were sick or on school holidays saving more on vacation care costs! and not handballing the kids on others to raise Know the worth! Although now kids are older she could go back to more hours of work

@cabayern9416 Жыл бұрын

@@ykook7000 dude? Single parent here... Female. I did all of this myself... Not a penny of support. She was sponging.

@cabayern9416 Жыл бұрын

@@Mkay999 lol. Sure.

@susanclaire901 2 жыл бұрын

Wifey needs a makeover and a diet. Her husband is a 10 to her 3.

@nanettemorton4054 2 жыл бұрын

This is about finances, not weight and looks. My guess is that you've never seen Gail's program "Prince$$".

@kellyvandenmeiracker8951 2 жыл бұрын

What a horrible thing to say!

@amynunya6167 Жыл бұрын

Is that you in your little profile pic? 😂 and looking at your comments, you never have anything nice to say. If that is you, you're too old to be so petty and ugly, and not talking about your appearance. 😉

@sandmill93 Жыл бұрын

Together made very beautiful children 💗👌

@letsgrowandprosper6562 Жыл бұрын

After 3 pregnancies and awesome child raising! I am disappointed that this comment is by a woman nonetheless. Do better!