Maxed
Out

EPISODE INFO

Plan

EPISODE 25 - The Financial Baby Blues (Chastity and Wade)

What do you call a couple that financed an extravagant wedding, a house and car only to find out they were pregnant? STRESSED! Chasity and Wade's surprise pregnancy has thrown them into a financial whirlwind and if they don't come up with a viable financial plan, Chasity will have to go back to work after just 4 months home with the baby.

Chasity and Wade financed a lavish wedding, bought a new house, stocked up on buy now/pay later furniture, and leased an expensive car. In all, they racked up more than $68,000 of debt. Then along came unexpected parenthood. Baby changed the game so the game plan had to change.

Alison's recommendations:

  • Transfer high interest credit card debt onto their lower interest credit line
  • Lose the car. Chasity's leased vehicle was a financial albatross.
  • Cut expenses by trimming groceries, restaurant meals and takeout
  • Chasity to earn more with a part-time job