Father, 27, says he maxed out EIGHT credit cards by eating out trends now
A father with eight maxed out credit cards has revealed how he racked up the $35,000 debt by eating out at McDonald's and Panda Express.
The 27-year-old man named Johnny, from Jarrell, Texas, told YouTube finance guru Caleb Hammer that he and his wife had a household income of $120,000 a year - or $7,000 a month after taxes.
But their excessive spending on credit cards and car repayments caused their debt to spiral across the eight cards.
After claiming the debt came from eating out, Hammer replied: 'You're not eating out $8,000 a month.
'What, are you going to the nicest steak houses twice a day?'
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Johnny told YouTube finance guru Caleb Hammer that he had maxed out eight credit cards by eating out with his wife
The clip - which has been viewed over 229,000 times - comes amidst fears the cost-of-living crisis is forcing more and more families into arrears.
Figures from the Federal Reserve show the average American household $7,951 carries an average of $7,951 in credit card debt.
Johnny's bank statements showed he started the month with -$222 in his bank account and ended it with -$433.
Hammer then drills into the statements where he finds money was blown on food outlets including: McDonald's, Whataburger, Starbucks, Olive Garden, Wingstop and Panda Express.
In all the couple had spent $748 on overdraft fees so far in the year. In total they were $35,700 in debt.
Despite this they had $4,500 in savings - but Johnny said his wife didn't want to touch them. He also said he had no 401k while his partner had just started to save into one.
Hammer replied: 'That's insane. I'm not angry at you, I'm angry at the debt.'
Johnny explained the couple were also spending a lot
