I’ve Been Financially Stupid for Many, Many Years
The Ramsey Show Highlights
Ramsey Network
4.5 • 840 Ratings
🗓️ 18 March 2024
⏱️ 7 minutes
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| 0:00.0 | brought to you by the every dollar app start budgeting for free today all right we go to the phones |
| 0:07.7 | we have at toord in hartford connecticut hi tord welcome to the show hey how you guys doing we're doing great |
| 0:15.5 | how can we help yeah so basically i've been financially stupid for many, many years. And today in my car |
| 0:24.6 | actually got repossessed. And I was trying to work literally today. Oh, my gosh. I'm sorry. |
| 0:33.4 | It's all right. And my biggest question is I don't have enough I, I, I, I, I, I, I, I don't have enough money. |
| 0:39.9 | I'm getting about four, I don't have any savings right now. |
| 0:42.4 | Okay. |
| 0:42.8 | But, um, I, I'm going to lump sum for my unemployment, uh, about $4,000. |
| 0:48.0 | And I don't really have any bills. |
| 0:49.7 | I'm a truck driver. |
| 0:51.0 | I'm over the road, I don't pay rent or anything like that. So it's very easy for me to |
| 0:55.0 | handle a bunch of money. Okay. So my, my question would be, what is the best approach to this? |
| 1:02.0 | Should I, I all about $18,000 in the car. Okay. Um, I think it's worth about, |
| 1:08.3 | they were selling a use law about 16, 17,000, |
| 1:12.7 | from my research. |
| 1:14.8 | So, for the credit standpoint, since they already repoed it, |
| 1:19.9 | with my best course of action is having to sell it and then have me pay the difference, |
| 1:24.2 | which I'd be able to do, or should I get it back? |
| 1:27.2 | How many payments behind are you? Like, how much is it going to cost you to get it back? |
| 1:31.3 | Four. It's about four payments behind. So minus, you know, it's about $2,000 and paying $500 a |
| 1:38.7 | month. Okay. Was it a voluntary repossession toward or? |
| 1:43.2 | No, it's just, I was expecting to get the unemployment lump sum |
... |
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