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The Ramsey Show

If You Can’t Afford It, It’s Not a Dream Home (Hour 2)

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.538.5K Ratings

🗓️ 10 February 2023

⏱️ 40 minutes

🧾️ Download transcript

Summary

George Kamel & Kristina Ellis answer your questions and discuss: "Do we rent in a bad area to save money?" Kristina's #FrugalFebruary challenge, Getting a good return out of an IRA, "Should we build credit to buy a house?" from the blog: The Best Way to Improve Your Credit Score, "My mom stole the money I had saved for a car". Support Our Sponsor: Zander Insurance Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0

the

0:30.0

Live from the headquarters of Ramsey Solutions, broadcasting from the pods, moving and

0:34.0

Storke studio, it's the Ramsey Show, where America hangs out to have a conversation about

0:38.7

your life and your money.

0:40.3

I'm your host, George Campbell, join this hour by Christina Ellis, and we're taking your

0:44.6

call at 3825-225.

0:49.0

You jump in, we'll talk about your life and your money.

0:51.7

If it's uncomfortable, just scared, hey, we'll change your name, we'll change the information,

0:55.6

we just want to make sure that you get the help you need to take the right next step.

0:59.8

Give us your money.

1:00.8

Tribal 825-225.

1:04.2

Teresa's up first in Atlantic City, New Jersey.

1:06.6

Teresa, welcome to the show.

1:08.0

Hi there.

1:09.0

So we're a family of six and we're relocating to Tuto Promotion and just wanting to be close

1:16.0

to family.

1:17.0

Cool.

1:18.0

And while we're selling our home, we are now renting from our family with low payments,

1:23.3

but it's in an area that has some done violence and drugs close by.

1:30.8

Now we can use what we earned from selling our house to pay off student debt and medical

1:36.1

debt, or we can put a large down payment on a new house that would be in a much better

1:42.5

area.

...

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