When you've maxed out all your credit cards.

A catch all word to describe anything that is basic, uncool or untrendy. According to The New York Times, "cheugy (pronounced chew-gee) can be used, broadly, to describe someone who is out of date or trying too hard."

Things that are cheugy:

The New York Times
PT Cruisers
Goldendoodles

Australians

Addison Rae
White people
Billionaires

The person writing this definition

An embarrassing encounter resulting from a credit/ATM card not working due to exceeding credit limit or overusage.

An ATM or credit card that has been rendered useless because
the magnetic strip is worn away from extensive use.