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The Ramsey Show Highlights

This Is Why We Tell People NOT To Do This!

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 18 February 2025

⏱️ 4 minutes

🧾️ Download transcript

Summary

📈 Are you on track with the Baby Steps? Get a Free Personalized Plan Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch entertaining calls, Dave Rants, guest interviews, and more! Next Steps 💵 Start your free budget today. Download the EveryDollar app! 🏘️ Free Tools & Resources to Reach Your Home Goals - https://ter.li/yib9sw 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! Listen to more from Ramsey Network 🎙️ The Ramsey Show  🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 🪑 Front Row Seat with Ken Coleman 📈 EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Brought to you by the Every Dollar app. Start budgeting for free today. My question is, so I'd be

0:08.9

paying off my only debt I have, which is my car payment tomorrow, so that would be clear.

0:14.0

Congratulations. Oh, thank you. My husband has just a $7,200 car payment, and he just took out another line of credit for

0:23.5

$8,000.

0:24.3

So my question is, I have about $600 spare for my car payment.

0:29.8

Should I help him pay back his line of credit?

0:33.2

But my word is that he paid off $10,000 line of credit last year,

0:38.4

and he took another $8,000 and put in stock.

0:41.5

So my worry is that if I help pay him, like help pay his line of credit back,

0:46.7

he's going to take another line of credit,

0:48.3

and we're going to be in debt still over and over again.

0:50.7

I'm more worried about the marriage than the debt,

0:52.7

really.

0:53.0

Way more.

0:57.5

Me and my roommates in college were more aligned on our finances than you and your husband are. Yeah, we don't have joint accounts. We have separate. But I heard on the internet

1:03.7

that it's best to have separate accounts. And here you are telling me? Yeah. Okay, I'm joking

1:08.3

with you because this is the hate we get when we tell people combine finances for this reason, for transparency, accountability, because it's real hard to make financial mistakes when your partner is locked it in arms with you. You have someone else to say, hey, maybe we shouldn't take out that line of credit. So did you know he was doing this and agree to it? Did you tell him stop? Did he do it behind her back?

1:28.4

So I didn't know he took out another $8,000. He was talking about it, but I didn't know

1:33.8

actually he was doing it. All I said was, we just paid off, well, he just paid off to $10,000.

1:39.3

He worked overtime to do that. And he said, well, I really want to do stocks. You know, I was like, okay, I looked

1:44.6

into it. And he took out $8K for it. And I didn't think he would actually do it because we just,

1:51.4

he just finished off. So he essentially went into debt to gamble?

...

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