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The Ramsey Show Highlights

I’m 28 and Still Support My Mom and Sibling

The Ramsey Show Highlights

Ramsey Network

Business, Investing, Education, Self-improvement

4.5839 Ratings

🗓️ 4 May 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

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0:06.0

I kind of need some, I guess some direction in terms of what to do next to my life financially.

0:12.0

My parents recently went through a divorce, and so I kind of had to take over as like the main contributor to the household financially.

0:23.2

I'm currently living with my mother and my younger sibling.

0:26.7

So I'm kind of paying for mortgage, you know, all the insurances.

0:32.9

Why is that?

0:34.4

Why is mom not working?

0:36.3

No, no, no, she is.

0:37.4

She is.

0:37.4

So because, you know, cost of living in California is insane.

0:44.5

I, the way we set it up is I pay for, I say, I want to estimate like 60 to 70% of my take-home pay.

0:52.8

And then the rest is made up by my younger sibling and my mother.

0:55.6

How old are you?

0:57.2

I'm 28 right now.

1:00.6

Okay.

1:01.1

Okay. So when you say 60 to 70% of your income, tell us dollar-wise.

1:05.5

How much money is this costing you every month?

1:09.1

I would say maybe around 28 to 3,000.

1:13.0

Okay, so you're spending $3,000 kind of paying the things that make the house go around.

1:18.9

And tell me again, explain to me again, why mom is not contributing?

1:22.7

No, no, she is.

1:24.1

But how much is she contributing if you're contributing that much right now she's

...

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