Cindy
👤 PersonPodcast Appearances
And she writes, I've been with my boyfriend for three years, and our relationship is amazing, fun, supportive, and engaging. Nope. Nope. They have known each other for about 10 years, and she recently got married. However, her husband works out of town and won't be home. I am uncomfortable with him staying there because we have both had affairs in previous relationships.
I trust him completely, but I also think that it is better to have a practice that we don't stay alone with people of the opposite sex. He sees it as platonic and that it is not an issue. Am I out of line?
Our entire gender thanks you for that.
I'm only paid to deal with you.
No, we're in April.
I have a question concerning group life insurance to my company who now are having me pay the taxes on it. um the yearly taxes on it and it has just went up three hundred dollars since last year and i have been trying to cancel this policy why what's the problem with you canceling it like what happens when you don't when you let it lapse or when you just say i don't want it anymore
Well, first off, I'm getting this, you need to talk to your employer. And then my employer says, no, you need to talk to the insurance company. And they're sending me back and forth. I started this process in December of last year, 24th. Um, they ended up saving me, uh, sending me a waiver paper to cancel the policy and it is still not canceled.
No, I didn't do nothing with this policy. In fact, I just found this policy out last year.
Excuse me?
It costs... I don't know. They said it's being taken out to the other tax...
No, my employer is paying for the premium.
Okay, I was informed it comes out once a year that I have to pay the taxes on this policy because it is considered impunited wages and how much is that well last year i paid 182 and this year i'm paying 180 or 485 so that's the so they're saying hey if we cover this
Exactly.
It's on me to pay the taxes.
For the year.
Yes, they just told me that today, matter of fact. They're saying... Hold on a second. They're saying that the face value... Hold on, I've got to get this paperwork back up.
It's $84,500 for basic life and $42,250 for personal. Okay. Do you have life insurance of your own? No, I do not.
No, I am not. Does anyone rely on you? I am not insured because I have no one to pass anything on to.
Nobody relies on my income. Okay. Except for my employer.
like some sort of a requirement i tell me what they're telling you okay what they're telling me is um it's not a requirement obviously um but they didn't let us know about this until here recently and who knows how long they've had this policy out on me um
That's what they told me to do. They told me to go to HR. Now, HR is telling me I have to go through the insurance company to cancel it out.
Today was probably my fifth call in the last...
And I did that today. And what happened? I bet they will.
The total amount. Total amount.
Thank you. Thank you.
What does that job pay?
Okay. What job is it?
You went into debt for this?
Hi, thank you for taking my call.
So, um, we, my husband and I are on baby step three, but six months ago he lost his job and we're trying to figure out, do we get rid of the life insurance, the umbrella, um, to help with everything? Or do we want to keep those things, um, on our budget?
He was laid off. He's in sales, and he's been trying. And praise God, he's been humbled. So he's been trying everything, and now he's even taking classes. And we only have the one car because we went gazelle intense. So the car that we have for, like, Lyft, I think it's too old, the year of it.
Software. Software sales.
I think like production-based, like if you don't hit a quota.
For the unemployment, he's doing the cybersecurity. He's taking the classes for that.
Cybersecurity.
Unfortunately, no.
Yeah, he made $50,000. Altogether, we did $130,000 in our taxes last year. So he made like $30,000 in sales.
And one's in daycare. How old is he? He's 41. 41.
Yes, hi. Me and my husband are reading your Total Money Makeover book, and we are trying to get serious about getting out of debt. But we currently have about $300,000 worth of debt, and we're just really struggling to make minimum payments on credit card, let alone save up the $1,000 emergency fund.
Yes. Okay.
So it's $140,000. Okay.
So we've got about $50,000 credit card, $50,000 car loan. That was $75,000. I just sold my car to get out from under that. And about $40,000 home equity loan.
Yeah, we have, we are, we're financing three cars and now just two.
My husband's car is a 2022. We owe about 33,000 on it. And then my daughter's car is a 2022 Corolla and we owe about 17,000. So we're going to sell both of those in the next 15 days, right? Are we?
About... I think it's about $130,000 a year before taxes, bringing home probably right around $100,000. Okay.
No. Okay. Well, in our 401k. What's that? Just in our 401k.
Yes, I actually just picked up a Saturday job.
Yes, just getting rid of my car this past Monday, we are going to be saving $1,031 a month. Boom.
Yep, absolutely. So you'll have $1,000.
Let's see, $1,259 a month.
We definitely have a budget. There was some time that we got a little bit out of control. We have two teenagers, but we have reeled all that in.
Not be fun at all, right?
Right. Yes.
Mine wasn't even trade. They paid it off, and then my daughter's is. My husband's is not. He would be upside down.
We maxed out. We were really frivolous on one, and the other one, we had everything go wrong in one year and had to put ACs and cars and taxes all on one.