I’ve Put Myself Into a Terrible Situation

The Ramsey Show Highlights

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 • 838 Ratings

🗓️ 19 February 2024

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

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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.
0:07.0	Megan is with us. Megan is in Indianapolis. Hi, Megan. Welcome to the Ramsey Show.
0:12.8	Hi, Dave. How are you? Great. How can we help? I'm calling because I have just put myself in a terrible financial situation and I'm just really scared and stressed about my finances.
0:27.5	And I don't really know where to start or how to go about tackling all of my debt.
0:33.5	Okay. How much do you owe?
0:36.5	So I have about $15,000 in credit cards. I have 32,000 in student loans.
0:45.7	I have almost 9,000 in personal debt. And then I owe 6,000 on back taxes, a small medical debt of about $1,000, and then a vehicle for $14,000.
1:01.1	Okay.
1:02.1	What do you make?
1:03.7	$50.
1:05.1	Okay.
1:05.6	How old are you?
1:07.1	29.
1:08.2	Okay.
1:08.9	And you're single?
1:10.1	Yes.
1:15.4	Okay. All right. Yeah, that's a pretty scary situation. I don't blame you.
1:32.3	What are you current on all of it or right now or what? It's all current, but the monthly payment amount on everything is the majority of my income, it feels like. And so it just feels like I'm just paying the minimum, paying the minimum, and then, you know, nothing's going down. And
1:38.5	I don't have a ton of extra income to be throwing at it.
1:45.2	What do you do?
1:50.7	So my family owns a wedding venue, and so I run that full time.
1:52.2	Okay.
	...

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