@barbecue1804: Couple Living In A Basement Thought They Could Clear $85,000 In Debt Until An Expert Checked Their Math Rich and Ami make about $100,000 a year, but the married couple currently lives in her mother’s basement with a net worth of negative $46,816. Ami, a 34-year-old credit analyst, admitted she felt huge imposter syndrome at work. She was calling people to tell them to pay their bills while she and her 40-year-old husband struggled with $85,000 in consumer and loan debt. Despite the massive number, they had actually made significant progress. After Rich previously lost his job, the pair moved into the basement and paid their total debt down from $123,000. Ami had been tracking their spending and estimated they would be completely debt-free by November 2027. But when they appeared on financial expert George Kamel’s new show, "Debt Intervention," he delivered a harsh reality. After running their numbers, Kamel revealed that if they only made their minimum payments, they wouldn't be debt-free until 2031. To hit their 2027 goal, they would need an extra $7,000 a month. The couple immediately started making intense sacrifices. They committed to stopping all restaurant meals and entirely canceled their Amazon Prime subscription. By combing through their expenses, they freed up an extra $2,850 a month. Kamel calculates that with this new budget, they can pay off more than $61,000 over the next 13 months, putting their goals of owning a home and starting a family finally within reach. What would you cut from your budget to get out of debt? #PersonalFinance #debtfree #Budgeting #moneytips #financialfreedom

Quick & Easy Grilling Recipes

Open In TikTok:

Region: US

Monday 02 November 2026 12:00:00 GMT