I Don’t Have Any Debt, but My Wife Does

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Ramsey Network

Self-improvement, Education, Business, Investing

4.5 • 840 Ratings

🗓️ 4 February 2025

⏱️ 8 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.
0:06.7	So I'm kind of lost financially. I'm not really too sure what to do. I'm in a good spot, but I'd like to see if y'all are in my shoes, how would you, what would you do in the future?
0:17.8	All right, lay it out. So me and my wife previously had a home.
0:22.6	Then we actually just moved back in with my dad.
0:25.7	He's not far just anything.
0:28.5	He just wants us to save money.
0:29.9	I currently have $14,000 in my bank account.
0:34.5	We got a little surprise when we moved in,
0:36.9	and my wife is now six months pregnant.
0:39.2	So, yeah, I don't really know if I should just keep saving and then buy a home or if some people
0:47.2	were telling me to buy a trailer, some people were telling me buy a home. I'm not really too sure.
0:51.2	All I'm doing is just putting money in my checking account, and I don't really know what direction to go.
0:57.6	How much debt do you have?
0:59.7	I don't have any. I actually just paid all mine off.
1:02.4	Awesome. So you're at Baby SEP 3. You're saving up a fully funded emergency fund.
1:08.0	What does three to six months of expenses look like for you guys?
1:11.4	Obviously,
1:16.4	it's tough now because you're basing it off of zero rent living with dad. But what would it be?
1:24.0	Well, right now, the only thing we really have is my wife got a new car about six months ago.
1:27.5	Is there a payment on it? Yeah, it's about...
1:28.3	Henry.
1:29.1	That's debt, honey.
	...

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