Cullen and Katie: Drowning in debt, parenting is inept | Part #24

[Boymomma123]

Wow. Their new video was so scary. They literally blamed Katie’s sister for buying their ice palace. Omg


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I really can't believe they saw nothing wrong with throwing her sister under the bus like that. This makes me think her whole self help journey about setting boundaries was learning how to just say no we can't afford it.

Personal, but my sister is a huge disney world fan and wants us to go with her family every year. We can't afford a huge expense like that right now so we say no. She still asks every year and I don't hold that against her. Nor would I blame her if we said yes and regretted going into debt in order to pay for it.

It just sounds like Katie has been embarrassed to tell her family that they cannot afford certain things so just went on spending anyway. So stupid.

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[lmmomSD]

But blaming your sister for YOUR decision to buy a huge overpriced white elephant of a house when there were less expensive houses in the same neighborhood, is just beyond the valley of good taste.
That is why I don't think they are going to "knock out the debt" anytime soon. It's ALL someone else's fault: their accountant, the losses, Jay and Kelley, who's next? Doc and Dolly for loaning them the beach house so they got used to nice free vacations?

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[HelloSweetie]

So the 80k includes the car. Just getting rid of the house and car they should be able to get that debt knocked out pretty quick. 50k may seem like a lot but they should have no problem knocking that out in a year. I think that is why they probably don’t need second jobs. The main issue is just getting rid of the car and house and the rest of the debt should be able to be knocked out quick.


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Realistically, no. That’s the same kind of thinking that allowed them to get into this mess.

They are a two mid thirties adults with nothing to show for the last 15 years of their life at this point. That’s a lot of “catching up” they now need to do in order to prepare for their retirement. They need to do a lot better than just pay off their debt hole. They need to catch up on years of long-term savings they they should have (and easily could have!) already been doing. The irresponsibility goes much farther than just overspending.

The excuses they are making are bullshit. The real issue was their own need to keep up with those around them. They need to grow up.


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[FakingIt_MakingIt]

I have yet to hear them actually own the drugs and alcohol contributing to them blowing through the money... Im not all the way through the video, so maybe they will.... but so far its all excuses. Over and over and over. Blame, excuse, blame, excuse. Own your freaking decisions!

[Romeoxsavexme]

But blaming your sister for YOUR decision to buy a huge overpriced white elephant of a house when there were less expensive houses in the same neighborhood, is just beyond the valley of good taste.
That is why I don't think they are going to "knock out the debt" anytime soon. It's ALL someone else's fault: their accountant, the losses, Jay and Kelley, who's next? Doc and Dolly for loaning them the beach house so they got used to nice free vacations?

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I agree. We had a lot of debt and that was 100% my fault. I had a miscarriage and my husband was deployed and I went into a very dark place. I take accountability for that but it took me a long time to realize that. Once I realize that we were able to start knocking it out. They are just going to pass this all off to everyone else and never take accountability. Their debt isn’t going anywhere.


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[chloe6124]

They said they weren’t blaming anyone. I think they are just trying to tell what their mindset was at the time.

What I meant is that is why they probably feel they don’t need second jobs. I have seen people in far worse shape call into Dave Ramsey. The car and house sold will knock most of that debt out. It’s bad but not as bad as it could be.


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[FakingIt_MakingIt]

They said they weren’t blaming anyone. I think they are just trying to tell what their mindset was at the time.

What I meant is that is why they probably feel they don’t need second jobs. I have seen people in far worse shape call into Dave Ramsey. The car and house sold will knock most of that debt out. It’s bad but not as bad as it could be.


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They literally blame EVERYONE, the mortgage lady, Kelley, their friends, miscarriage, his dads death, evvvvverything and then quickly add on, but we aren't blaming. Its like those people who complain, complain, complain and then go well not to complain, Im just saying.
Will the suburban even sell for $30,000? In my area it would, but vehicles are much more expensive in Canada...and whose to say that house will even sell? It was for sale for ages before they bought it, its already been on the market for 6 months and is currently listed for less then what they paid. Theyre under water completely.

[Romeoxsavexme]

What were the drugs that Cullen was addicted to again?


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[Romeoxsavexme]

They said they weren’t blaming anyone. I think they are just trying to tell what their mindset was at the time.

What I meant is that is why they probably feel they don’t need second jobs. I have seen people in far worse shape call into Dave Ramsey. The car and house sold will knock most of that debt out. It’s bad but not as bad as it could be.


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They literally blame EVERYONE, the mortgage lady, Kelley, their friends, miscarriage, his dads death, evvvvverything and then quickly add on, but we aren't blaming. Its like those people who complain, complain, complain and then go well not to complain, Im just saying.
Will the suburban even sell for $30,000? In my area it would, but vehicles are much more expensive in Canada...and whose to say that house will even sell? It was for sale for ages before they bought it, its already been on the market for 6 months and is currently listed for less then what they paid. Theyre under water completely.

Yeah they literally said “We aren’t blaming anyone BUT....”

The but says everything.


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[bucket]

Cullen and Katie were my favorite family vlog channel for a while. I was subbed to them the longest of any of them, but when they bought their mansion I unsubbed. Couldn't understand why the hell they needed such a large house. It wasn't relatable to me then, as a poor, and it surely isn't relatable now that they're talking and laughing off how they're like so silly and dumb teehee and bought whatever they wanted while raising two children. They have absolutely no idea what it's like to be even like slightly poor, they never had to worry about anything when they were growing up. Even with this debt they'll still be fine. There are poor people with bigger debts from health insurance or college not making whiney videos on Youtube from their mansions. I'm disgusted.

[Boymomma123]

Selling that house has proven to be difficult so far so no none of this will be "easy". I think they said they owe around 30,000 on the car so they would need to get atleast that much from selling it.

I also don't see them being super focused on paying down their debt if and when they do sell the house and the car. There are a lot of yt creators who document their debt free journey and those videos are very enlightening regarding the process. People who succeed have very strict budgets. C and K can say they have had a strict budget before and that is great. But they have been living a very expensive lifestyle over the past few years. I have feeling once the house sells and they have more money in the bank they will go back to spending money. Debtkicking mom on yt is a good reference to how you have to live to get out of debt.

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[FakingIt_MakingIt]

From 2016 to now they have spent $130,000.00
They had $50,000 saved and theyre in debt $80,000 now. That's a lot of money and a lot more was spent then just a couple $1000.00 chairs and hair cuts.

[HelloSweetie]

Let’s look at some facts...

C&K likely bring in $30k a year from social media.

They are in debt $80k+, some of which is on credit cards which likely have a high interest rate. If they had lower credit options they wouldn’t have had to sell things to get by.

The house is now going to cost money to sell. Even if they foreclose, their will have to pay gains on the amount it presumably would have sold for. Katie said the same will cover the realtor fees, but this is still a cost to them. In reality it will pay the realtor their share absolutely, but is going to eat into the amount they are able to use to put toward the mortgage/debt repayment.

Savings = $0 (Retirement plan probably involves an inheritance).

We can now discontinue any speculation about Katie living off a trust fund. Doc and Dolly are no longer subsidizing their lifestyle And Katie isn’t happy about that.

They have no one to blame but themselves. They had envelopes. They had knowledge on how to live within their means. At some point they just decided to stop using them.


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[brittknee]

They said they weren’t blaming anyone. I think they are just trying to tell what their mindset was at the time.

What I meant is that is why they probably feel they don’t need second jobs. I have seen people in far worse shape call into Dave Ramsey. The car and house sold will knock most of that debt out. It’s bad but not as bad as it could be.

He had to sell an iMac computer for $800 to feed his family and that’s not bad? We must be watching different videos than one another.

[Romeoxsavexme]

These are the most selfish adults I’ve ever seen. They would rather not have money for groceries than get a real job. Sounds like something drug addicts would do. Oh wait....


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[FakingIt_MakingIt]

Even if they were making triple on SM then what they could earn at a traditional job at this point its not enough. When you are brining up possibly being foreclosed on, your credit cards are maxed and you can only put $1 or $2 in your vehicle to hope to get home and you have to actually sell your possessions (that you still owe on the credit card for purchasing in the first place!) to buy groceries then YOU HAVE A BIG PROBLEM and need to spend every waking moment at as many jobs as you can possibly get!

[HelloSweetie]

People become clouded by the image. C&k don’t look like losers. Take the country club and rich family members out of the illusion and everything looks way different.

Reality is, there are families living in modest homes and trailer parks who have more money and financial sense than C&K do. Who aren’t selling or buying drugs, and who make sure they have enough money to feed their kids.

Sure Gaines and Brooks have monogrammed expensive clothing, but they have less MONEY than some peers who may be wearing Walmart or Target. Katie gets by on illusion and the fact that she doesn’t present or identify like she’s lower class. In reality though, she isn’t upper-middle like she thinks... not anymore.



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[HelloSweetie]

Even if they were making triple on SM then what they could earn at a traditional job at this point its not enough. When you are brining up possibly being foreclosed on, your credit cards are maxed and you can only put $1 or $2 in your vehicle to hope to get home and you have to actually sell your possessions (that you still owe on the credit card for purchasing in the first place!) to buy groceries then YOU HAVE A BIG PROBLEM and need to spend every waking moment at as many jobs as you can possibly get!

This! 100%

I feel like we are more concerned for them at this point than they in fact are. Katie is talking as though she “gets it,” but she doesn’t seem as though she gets it if you know what I mean? She doesn’t seem concerned or devastated enough. Makes me think she’s making these videos as a guilt trip on mommy and daddy and she expects them to step in and help out at some point.


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[FakingIt_MakingIt]

People become clouded by the image. C&k don’t look like losers. Take the country club and rich family members out of the illusion and everything looks way different.

Reality is, there are families living in modest homes and trailer parks who have more money and financial sense than C&K do. Who aren’t selling or buying drugs, and who make sure they have enough money to feed their kids.

Sure Gaines and Brooks have monogrammed expensive clothing, but they have less MONEY than some peers who may be wearing Walmart or Target. Katie gets by on illusion and the fact that she doesn’t present or identify like she’s lower class. In reality though, she isn’t upper-middle like she thinks... not anymore.



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Exactly. Katies ENTIRE life is about image. I fully stand by my earlier opinion, if they could have continued making minimum payments and charging their lifestyle I don't think she would have cared. All of this change is only because they have no other option at the moment.
If youtube hadn't started crashing they would still be drinking every night, doing drugs, shopping etsy and living the country club life.

[brittknee]

I’ll be frank I expected the debt number outside of their house to be much larger than what they said it was since that also includes the $31,000 they owe on their vehicle but with that being said it’s still a lot. It makes sense why they’re having trouble selling their home because you can tell they priced it higher than it’s appraised at to pay this debt off and now all of a sudden they’ve had a come to Jesus moment and are pretending to be financially stable with their decisions moving forward and honestly I’m starting to see through it.

Once again I’m watching a video filled with excuses and blamed being placed on everyone else while in the same breath saying it was them and nobody else. Let it be known to all the people passing through just reading that this is what happens when you don’t have the login to your own bank account and let one person control the finances that’s been handed everything in life handed to them...Katie.