Father, 27, says he maxed out EIGHT credit cards by eating out

A dad with eight maximum credit cards has revealed how he racked up $35,000 in debt 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 family income of $120,000 a year – or $7,000 a month after taxes.

But their excessive spending on credit cards and car payments pushed their debt over eight cards.

After claiming that the debt stemmed from eating out, Hammer replied, “You don’t spend $8,000 a month eating out.”

“What, you go to the nicest steakhouses twice a day?”

The clip – which has been viewed more than 229,000 times – stems from fears that the cost-of-living crisis is forcing more families into debt.

Figures from the Federal Reserve show that the average American household has $7,951 in credit card debt.

Johnny’s bank statements showed that he started the month with -$222 in his bank account and ended with -$433.

Hammer then delves into the statements where he believes money has been blown on food outlets including: McDonald’s, Whataburger, Starbucks, Olive Garden, Wingstop and Panda Express.

In total, the pair had spent $748 on overdrafts so far in the year. In total, they had $35,700 in debt.

Despite this, they had $4,500 in savings, but Johnny said his wife wouldn’t do anything about it. He also said he didn’t have a 401k while his partner had just started saving.

Hammer replied, “That’s crazy. I’m not mad at you, I’m mad at the guilt.”

Johnny explained that the couple also spent a lot of money on their six-month-old son and didn’t earn as much on parental leave.

He added: ‘We certainly care, I don’t know what it is.

“We have the money and then we spend it, it’s there and then it’s gone. Whether it’s fueling up or going out for dinner or shopping or whatever.’

Hammer delves into Johnny’s statements where he discovers that money has been blown on food outlets including: McDonald’s, Whataburger, Starbucks, Olive Garden, Wingstop and Panda Express

Teryce Brooks-Long was featured on last June’s episode of Financial Audit where she revealed she had to work four jobs to pay off her student debt

The new dad — who works in natural gas — also said he had a car that he paid off about $680 a month, while the couple spent $1,725 ​​a month on rent.

The exchange was broadcast on Hammer’s ‘Financial Audit’ YouTube channel, where he helps people seeking personal financial advice.

The 28-year-old host urged his guest to “burn” all of his credit cards, adding that it was the highest amount of individual debt he had ever seen.

He then recommended using the snowball method to pay off the debts.

The method means that the smallest is tackled first – even if it is not the most important – to create momentum and keep the debtor motivated.

Hammer estimated that realistically the couple could be debt free in a month and a half.

It comes after another woman on Hammer’s show went viral after she revealed she had to work four jobs to pay off her $250,000 student loan debt.

Teryca Brooks-Long explained that her main focus is modeling and acting, but she also worked as an enrollment counselor for an online university, a virtual assistant for a real estate agent, and had a role at an advertising agency.

The clip was shot last year, but resurfaced last week after Hammer said the story still “remains with him,” adding, “That was scary.”

A video of a 29-year-old accruing a $1 million debt to her husband drew similar attention last month.

According to data from the Federal Reserve Bank of New York, Americans have $986 billion in credit and debit card debt.

The figures are from the last quarter of 2022 and marked an increase of 15.2 percent compared to the same period last year.

It means that the average American household has an average of $7,951 in credit card debt.