We Are Drowning in Debt!
The Ramsey Show Highlights
Ramsey Network
4.5 • 838 Ratings
🗓️ 24 May 2025
⏱️ 7 minutes
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| 0:00.0 | Brought to you by the Every Dollar app. Start budgeting for free today. |
| 0:06.6 | Me and my husband are thinking about selling our home because we're just drowning in debt |
| 0:12.5 | and we just don't have any other option to try to get out of it, but to sell our home. |
| 0:20.7 | So, yes, that's my... |
| 0:22.8 | What is created that scenario where you don't believe you have any other options? |
| 0:28.7 | Give us some details. |
| 0:30.8 | Well, we are just drowning in debt, and I know y'all always sell the cars and we looked into it. |
| 0:41.3 | We owe, in one of our cars, we owe like $9,000. |
| 0:45.3 | Okay. |
| 0:45.8 | And we try to see if we could sell it, but we will be under. |
| 0:50.5 | It's really not worth selling. |
| 0:52.6 | It's just, I guess, right now we're just better off paying it |
| 0:55.5 | off. And the other one is 12,000. And that one as well is negative. So we're like, okay, we might |
| 1:04.5 | as well just try to hang on to those and try to pay those off. And everything else is loans and |
| 1:09.3 | credit cards, student loans, IRA. |
| 1:11.5 | Go through the other ones. |
| 1:12.9 | Go through the other amounts for us so we can get a picture of this. |
| 1:15.2 | So the $9,000 car, the $12,000 car, what else? |
| 1:18.6 | And then loans, like personal loans, like $20,000. |
| 1:22.2 | Okay. |
| 1:22.9 | Credit cars is around like $35 to $30,000 to like $40,000. Okay. Student loans is my husband is like 35 to, 35 to like 40,000. |
| 1:28.5 | Okay. |
... |
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