Are Cell Phone Payment Plans Considered Debt?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 31 August 2020

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Chris Hogan, Christy Wright, Anthony ONeal, and Dr. John Delony. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's Monday, and this is the Ramsey Call of the Day, part of the Ramsey Network.
0:06.1	Joining me today is Ramsey personality, Rachel Cruz.
0:11.2	Brett is in Columbia, South Carolina.
0:14.1	Hi, Brett.
0:14.7	Welcome to the Dave Ramsey Show.
0:17.1	Hey, Dave.
0:17.8	Hey, Rachel.
0:18.8	Hey, what's up?
0:20.0	So my question for you today is, me and my wife, we've been working the baby steps.
0:26.6	Like I said, we're on baby step two.
0:28.5	But we've come to a point now where we've got kind of a fork in the road.
0:33.6	It's basically we're looking at our cell phone phone bill and we're wondering if we should go ahead
0:40.2	and pay off our cell phones um to lower our bill from about 260 a month to 195 or if we should take
0:49.5	the 680 that it's going to take to pay that off to pay off another debt, which is $682.
0:57.6	So it's, we're like right there at it, and I'm just like, you know, I see the financial
1:02.1	advantages of lowering our monthly bill, but at the same time, I'm like, we can go ahead
1:06.5	and knock out that debt and be out of it.
1:10.4	Well, you've got to pay it off this time or next time, right?
1:14.8	We're not going to keep the cell phone debt, right?
1:18.1	Right, right.
1:18.8	No, no.
1:19.4	And actually, it's both for cell phones.
	...

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