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The Ramsey Show Highlights

I Don’t Make Enough To Get Out of Debt

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 2 July 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

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0:06.6

I just had a couple questions about how to get out of credit card debt and kind of stay afloat with mine and my husband's fluctuating income.

0:15.1

All right. Bring it on. What's going on?

0:17.9

So we have $2, $2,300 worth of credit card debt, which is a big hurdle that we have right now.

0:25.3

However, it's super hard to pay it off, considering that our incomes fluctuate so much.

0:31.3

He could bring home anywhere from $1,600 to $4,000 a month, and I can bring home anywhere from $1,400 to $1,600 a month.

0:39.8

What do you all do?

0:42.1

He works for a warehouse here in town, but the pay is competitive and it's based off of work.

0:49.6

And the attendance bonus can either double or cut your check in half depending on if you were there the entire time or if you had to miss a day for any reason.

1:00.3

And I work for UPS.

1:03.0

Okay. So if he shows up to work, he'll make $4,000?

1:08.9

Yes. So among other things like it's based off of hourly, so it starts at $15 an hour,

1:15.0

and the attendance bonus is an extra $5 an hour.

1:18.3

So why wouldn't, I don't understand why it's not like school.

1:22.1

I mean, just stay there.

1:24.1

Why would you lose that?

1:25.1

Yeah, well, I mean, for instance, he missed a day a month ago because I had a call 911 for our son.

1:30.3

Well, that's different.

1:31.1

We've worked to come home out.

1:32.6

Yeah, that's not the everyday occurrence, but that's a once in a year or two or five that would happen.

1:39.1

Yes, but it still affects the attendance bonus.

1:42.0

Okay.

...

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