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The Ramsey Show Highlights

My In-Laws Are Bad with Money and Just Moved Back In With Us

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 23 February 2025

⏱️ 8 minutes

🧾️ Download transcript

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.

0:06.8

Recently, my in-laws have moved back in with us for a second time. They've made plenty of poor financial decisions.

0:15.0

And, you know, again, wound themselves back up living with us again as of the beginning of this month.

0:19.8

And we're kind of trying to

0:21.7

figure out what we can do to, you know, we tried helping them and they don't really want our

0:26.6

help. What was the attempt? Describe the attempt to help. Yeah. So without providing any financial

0:34.1

help to them, you know, help to them. We've offered to sit down, help them with the budget.

0:39.1

My wife and I have taken the financial peace courses. We're trying to, they did actually say they're

0:45.9

going to attend it with me as we are going to readend it again. So they're interested in it.

0:50.4

We'll see if it happens. I'm in school for finances, so I feel like I'm pretty

0:55.7

decent at making a budget, so I'm trying to help them with that. And they shut us down

1:00.4

immediately and get pretty upset with us. Why did they shut down?

1:07.0

I think it's just they, you know, they've struggled with it for so long and they don't feel

1:14.5

like they need the help and they can figure it out on their own. Well, then have them move out. Why are you

1:19.8

enabling them? You're right. If they can do it on their own, say, hey, we've been happy to help.

1:26.6

Sounds like you guys haven't figured out.

1:28.7

Best of luck out there. Sometimes that's the best thing you can do for someone, even though it feels

1:33.1

harsh in the moment. I agree. And Chris, I have a question. Did they ask to stay with you or did

1:38.8

your wife offer? They kind of assumed at first, and then my wife finally did offer but under temporary circumstances of you know hey we can we can help you for like a month get you situated get you going um so we're still we're coming up at the end of that month it doesn't seem like they're going to get out um they recently refinanced a payday loan, refinanced their car.

2:03.1

Are they both working?

2:05.4

My father-in-law works, and his take-home comes out to about $60,000 a year.

2:10.7

And so is the mother-in-law able to work? Does she have a past work history? She is able to work, yes.

...

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