$126,000 in Credit Card Debt?

The Ramsey Show Highlights

Ramsey Network

Business, Investing, Education, Self-improvement

4.5 • 839 Ratings

🗓️ 28 February 2024

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	Brought to you by the Every Dollar app. Start budgeting for free today.
0:06.3	We're going to go to the phone lines where there's Tony and Rochester, New York. What's going on, Tony?
0:11.8	Hi. Hey. So I'm calling because I am quite a bit in debt. It's gotten to a point where after I pay my bills and subscriptions and things that I've got going on,
0:26.6	it's the amount of credit card that I got is pretty much takes over the rest of the paycheck.
0:32.1	And we're trying to manage it.
0:35.9	I'm looking at options.
0:37.1	I mean, you know, sold a car,
0:39.4	considering maybe selling a house. A house? Do you have more than one? No, the house. The house.
0:45.6	Okay. Yep, selling the house. And maybe using that to bring them down, I owe, I make about
0:53.1	$100,000 a year.
0:55.6	Is that including your wife?
0:57.9	What's that?
0:58.5	Is the 100,000 including your wife?
1:00.9	No, it's just me.
1:01.9	Just you?
1:02.3	Does she work outside the house?
1:04.4	Well, that's our household.
1:05.8	She's at home.
1:07.5	Okay.
1:07.7	I'm the one that's working outside.
1:10.0	How much credit card debt do you guys have?
1:12.5	We got about $126,000 in credit card debt.
	...

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