4.6 • 682 Ratings
🗓️ 15 October 2024
⏱️ 6 minutes
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0:00.0 | Brought to you by the Every Dollar app. Start budgeting for free today. |
0:06.5 | So me and my wife are actually in about 20K worth of debt, and we weren't in this shape last year, |
0:15.1 | but circumstances kind of changed for us, and we've got three credit cards, two have pretty high interest on them. And |
0:24.2 | we have a car that we bought when we actually had a little bit of money. We paid cash for. And my |
0:31.1 | question was, do we sell the car to pay off those two high interest rates, cards, and then turn around and then throw |
0:40.2 | everything extra at that other card. It has no interest on it and it's a loan payment. |
0:44.6 | Okay, so I meant you were debt free and then you ran up $20,000 on credit cards. |
0:51.4 | Yes, sir. And now you want to sell the car that's paid for that has no payment in order to knock |
0:56.5 | out some of the cards? |
0:58.4 | Yes, sir. |
0:59.1 | Okay. |
1:00.0 | Why do we, why do you believe the stupid has left your house? |
1:05.2 | Well, I'll put it this way. |
1:07.4 | I'm a Christian born again, and I had to repent of my money mismanagement, along with some other things, |
1:16.4 | loving my wife, like Christ was the dirt being one of the others. |
1:20.2 | I've kind of got a hold on that one, or at least I'm putting forth the effort, not just saying I'm trying now, |
1:25.7 | and I truly in my heart do not want to go back to where we were last year. |
1:31.9 | What did you spend this money on, man? |
1:35.2 | Well, we sold our house. |
1:37.6 | We had got it under a previous administration for a very low price. |
1:40.9 | Obviously, administration changed. |
1:42.4 | And we were able to make a profit after the mortgage |
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