Buy My Kids Christmas Gifts Or Pay Off Debt?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 15 December 2024

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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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.
0:06.0	I recently retired from the military, medically retired from the military.
0:11.0	And after I had gotten out, there was about a month of no household income whatsoever.
0:24.0	And we kind of ran into some financial hardship.
0:29.4	And with Christmas coming up, I have three young children.
0:47.7	And I'm wondering should I kind of sacrifice their happiness Christmas morning to continue to, you know, pay off this debt.
0:54.8	I'm about $1,800 in credit card debt and about $4,000 in collections right now.
1:05.1	And roughly bringing about $5,000, $6,000 a month.
1:06.8	$6,000 a month.
1:07.9	How old are you, Judge?
1:09.5	Yeah. I'm 24.
1:12.7	Thank you for your service. What happened that you were medically discharged? Are you okay? So, uh, I was injured in line of duty. My back was injured,
1:18.5	um, and, uh, they decided that I could no longer serve how they needed me to, so. Are you, are you,
1:27.1	are you okay to, for other things, though? Are you able to so are you are you okay to the for other things though are you able to
1:30.9	are you back to work doing a job now so I'm currently not working um I'm drawing pension from
1:38.6	military why are you not working I'm currently going to school full-time.
1:45.8	Okay.
1:46.9	Why?
1:49.1	I want to, I've always kind of worked more labor type of jobs, hard on your body.
1:59.1	What are you studying?
2:01.4	I'm going up to the school for a business administration with a major in project management.
2:06.4	Okay.
	...

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