We Can't Afford Our House Anymore

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 3 September 2023

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's episode features Dave Ramsey & Rachel Cruze. The Ramsey Show Highlights 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, George Kamel & Jade Warshaw. Part of the Ramsey Network. Delivered to you seven days a week. 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	Savannah's in Orlando. Hi, Savannah, welcome to the Ramsey Show.
0:09.4	Hi, how are you? Better than we deserve. What's up? We are homeowners and our property taxes and car
0:18.5	insurance rates in Florida went up like crazy this past year.
0:22.8	We are under on a lot of our bills and we've been trying to make it work with our savings.
0:28.5	Our savings are running out in the next few months.
0:32.2	And we're trying to decide if we should sell our home because we have a lot of equity in the home or if we should
0:39.9	accept a $10,000 gift from a family member to help us be able to stay in the home a little longer.
0:50.4	Okay, so Savannah, how much is your home worth?
0:55.9	A realtor came and they said our home was worth about $400,000.
1:00.0	And how much do you owe on it?
1:03.3	I believe we got it two years ago.
1:07.4	It was $251.
1:10.3	I'm sorry, I'm blanking how much we owe on it. They said we'd walk away with
1:17.1	$130,000 roughly if we got for what it was worth. And how much do you own your car? Our cars are a big issue.
1:29.1	We pay all our debt, we owe about $25,000 for our debt.
1:36.8	What do you owe on your car?
1:39.9	My car is, I believe, $16,000, and my husband is $5,000.
1:45.5	What's your household income?
1:48.9	We bring home about $3,900 a month.
1:52.3	Okay.
1:52.5	What are you going to do when the $10,000 gift runs out?
1:56.4	Exactly.
	...

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