This is the Ramsey Call of the Day, part of the Ramsey Network.

Let's go out to Stephen in Staples, Minnesota.

What's up, Stephen?

Hi, how are you?

Outstanding. How are you?

Oh, doing well.

Very good. What's up?

So, my wife and I recently found your program and decided we want to get out of debt.

We want to baby step two.

Welcome to the game, my man.

It ended up in kind of a odd spot.

We quit making payments on student loans since there wasn't interest and forbearance

and started saving that money for a down payment on a home.

And now we're looking to buy a home and sell the home that we currently have and pay off debt.

And we're trying to figure out what order to do it in and how to, how we should, uh, utilize our assets.

So in your mind, does this debt just not exist? We're like, we're just going to move on with our life. We're just going to let us sit over there.

No, uh, we actually saved up enough to pay it off lump sum. We just made the payments to

ourselves. What's left on the loans?

$106,000. Whoa, and you have that in cash today? Yeah, and then I've got a balloon payment

on a piece of property for about 30,000 coming up.

Do you have that in cash, too?

Yes.

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