Should I Sell the Motorcycle To Pay for Our Wedding?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 28 March 2022

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, and George Kamel. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Ramsey Call of the Day, part of the Ramsey Network.
0:11.0	Stephen has decided to join us. He's in Cleveland, Ohio.
0:14.1	Stephen, welcome to the show.
0:16.3	Hi. So I'll get right to it.
0:18.8	Currently, I'm 26 years old. I'm debt-free except for my house.
0:22.1	Awesome.
0:22.5	Currently making $70k a year and contributing 15% to my raw 401K.
0:28.8	I'm engaged set to be married in October.
0:32.0	My fiance is currently in school getting a master's.
0:35.0	She's going to graduate with about $120k in student loans. I've been paying
0:39.4	her housing and living expenses for the last two years, so I'm a little house poor, I guess you
0:44.2	can say. As we get closer to this wedding October, I'm a little worried about having the funds
0:49.1	ready for a wedding at honeymoon. And I guess I'm wondering if it's okay to back off or stop
0:53.9	retirement savings to have
0:55.6	the extra cash for the way.
0:58.0	So you've been paying her housing bills for how long?
1:02.0	Yes, just under two years now.
1:05.0	Why?
1:07.3	I didn't want her to end up taking more in student loans.
1:13.1	Man, well, that is a, it's a bold move, for sure, a strange one,
1:17.2	to be paying someone's housing bills that you're not married to.
1:21.0	What happens if it doesn't work out?
	...

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