NerdWallet's Smart Money Podcast
Live Financial Planning Session: Expert Budgeting and Spending Tips
30 Dec 2024
What is this financial planning session about?
I think my rent was like... 1995. And so I was fortunate enough to, during the part of the pandemic, stay with my mom and save up a little bit.
But the amount of money it cost me to get into that building, I used a company called the Guarantores, which is a lovely company, helps people who don't have maybe the 700 credit score that all the landlords really want you to have or anything in collections, that kind of thing. I use them. So they charge a service fee more or less. They want to hold... this amount of rent.
A security deposit?
Yeah, for a security deposit. Yes, thank you. And then I had to also pay the additional building fees, which was another security deposit and dog fees, move-in fees, that kind of thing. So all of the money that I'd really saved over COVID just kind of went down the drain there. And, you know, I didn't think that anything of it, I was like, oh, spend it back, get it right back. It'll be fine.
It was not fine. Yeah.
And how long has that been going on for that you've been dwindling your savings and now you find yourself in a tough spot financially?
That was basically the starting of it. You know, I emptied out my savings and was never able to recover.
So it's been a few years.
It's been some years. Yeah.
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