When you learn NOTHING after filing bankruptcy, this is how you end up $92,000 in debt all over again. In this video, we break down one of the wildest post-bankruptcy debt stories on the internet: $92,589 in total debt just six years after bankruptcy, nearly $3,976 in monthly minimum payments, and roughly $1,800 every single month going straight to interest.
From new car loans to high-interest credit cards, Klarna, Affirm and Bread furniture financing, Upstart, Upgrade, and Avant personal loans, and lifestyle spending that never actually stopped, this is a real-world example of how debt cycles repeat when the root problem isn’t fixed. Bankruptcy wiped the slate clean, but the spending behavior stayed exactly the same.
We walk through the real math behind credit card APRs, why minimum payments keep people trapped for years, how debt consolidation loans often make the situation worse, and why “building credit” means nothing if spending is out of control. This video also breaks down debt-to-income reality, convenience spending, instant gratification, and how small financial decisions compound into overwhelming debt over time.
This is personal finance commentary meant to help you avoid the same mistakes, because the future version of you always pays the price. If you’re trying to pay off debt, rebuild after bankruptcy, stop overspending, or finally escape the minimum payment trap, this breakdown will hit hard — but it’s necessary.
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Comment below: Do you think bankruptcy actually helps people, or does it just delay the consequences when spending habits don’t change?
Chapters:
00:00 Filed bankruptcy… back in debt again
00:27 Two car loans total $41,216
00:56 Affirm/Bread + Upstart/Upgrade/Avant loans
01:21 Comments roast: “You learned nothing”
02:24 $3,900 minimum payments… $1,800 interest
03:01 Minimum payments vs principal explained
03:43 She considered filing bankruptcy AGAIN
04:18 “Used credit to buy a house” reality check
06:14 Breakdown of monthly minimum payments
07:20 The true cost of staying on minimums
07:40 Root cause: instant gratification spending
08:14 Eating out is the real problem
09:36 Bankruptcy should require rehab/classes
11:03 Viral backlash + debt snowball plan
11:40 Tax refund + side hustles to fix it
12:51 Future-you working overtime for past spending
14:31 “Affirm will handle it” is NOT a budget
16:19 Income isn’t the problem—expenses are
18:19 Debt snowball: dozens of small balances
19:52 Waffle House pay breakdown
21:04 Bills + rent + phone costs
23:44 79 accounts after bankruptcy
24:25 “Bankruptcy was a get out of jail free card”
26:10 Spending first, bills later = debt cycle
27:19 Loans to pay cards ? run cards up again
28:23 New cars after bankruptcy explained
31:28 Grocery delivery while 90K in debt
34:29 28–35% credit card APR after bankruptcy
35:26 “Instacart costs too much” + gift card plan
36:01 Final takeaways + reality check
just some cool words:)
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???????????????????????? Comment below: Do you think bankruptcy actually helps people, or does it just delay the consequences when spending habits don’t change?
Sometimes I think I’m struggling. Then I see videos like this and realise I’m doing better than I thought. Clearly!
I'm curious, what kind of restaurant does she and her husband work at that they can afford these types of minimum payments?!? If I were her, I'd start freaking out because people can't afford to eat out anymore!
She will never be able to retire she will work till she dies.
People need to stop trotting out their ADHD and anxiety…yes, they are real, but they alone don't MAKE you eat out and buy expensive cars.
Lowkey, depending on where you live, delivery groceries could be cheaper (for short term anyways) right now i live in an area where kroger delievers to the house directly. Same cost as pick up or in-store but it gives me a chance to spend like an hour looking through coupons/weekly deals etc and getting things that are actually good deals. Varies per week but the other day i spent $125 for $300 groceries, compared to walmart prices i was still saving around $98 for what i got and then just planned meals around those deals and freeze surplus. Then as for delivery cost, we live like 25-30mins away from town and was honestly shocked kroger delivers out here lol. Total cost for delivery is usually between $2-$5 due to the time slot we choose which is cheaper than the gas to drive to town. So for us, its great, but worth checking if its worth it for anyone else. extra bonus that we also get a discount on gas too ??????? 33:49
The way she described the eating out to oh shit we have bills to pays feels… weird to me. Wouldn't it be the other way around? Like, you generally know how much you'll have in monthly obligations (or at least with things like mortgages and insurance; bills can fluctuate I recognize).
It's not the smartest move in the world, but I have two accounts- A and B. All bills, insurance, debts, regular monthly or yearly payments (not subscription services, though), what have you is put on A. Everything I can is set to autopay for A. A does not get touched otherwise unless there is an emergency. B is my personal money that I use for everyday things. Not the best, but it's how I get by while going through a rough financial period. I also don't have a credit card, though, which might also contribute to my lack of understanding.
Hold on. Miss Thing is wearing a Taylor Swift Eras Tour Tshirt at 27:44.
That’s like… a t shirt that was originally ~$60. I think it’s now marked down to ~$40? But… so… how is she paying down debt if she’s getting new cars, $60 t shirts, new phones, eating out all the time & getting everything delivered…. ?
Like… okay… these extra shifts aren’t gunna cut it ????
Calling bankruptcy a “get out of jail free card” ?!? MA’AM???
35:53 This. Right. Here.
Furniture loan? That's not a need, it's a want.
I heard someone say an interesting strategy for those that want to splurge a little on food is order from places like The Cheesecake Factory for pickup and split the meals into three or four since they are so many calories in each meal. Cooking is still cheaper and healthier, but it could be a middle ground solution to save a little bit of money getting multiple meals for one price and picking it up yourself.
As someone with ADHD, ADHD is a reason for your thinking process and prior actions, it is not an excuse to continue making similar actions as there are so many coping skills available to those that have it.