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The Ramsey Show

We Can’t Seem to Make Ends Meet (Hour 3)

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.538.5K Ratings

🗓️ 23 May 2023

⏱️ 39 minutes

🧾️ Download transcript

Summary

Dave Ramsey & Rachel Cruze answer your questions and discuss: "Should we sell our house to make ends meet?" Whether or not an adult child should pay for their own insurance, "How much should I save before getting my Ph.D.?" "We were given land as a gift, what do we do with it?" "Does paying off a house prevent financial aid for college?" Accounting for property tax increases in your budget. Support Our Sponsor: Neighborly Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Join a Personality-led FPU class. Click here! Enter The Ramsey Cash Giveaway for a chance at $3,000! https://bit.ly/TRSgvwy Shop our bestsellers during the $10 Sale! https://bit.ly/TRS10Sale Want a plan for your money? Find out where to start: https://bit.ly/3cEP4n6 Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Interested in advertising on The Ramsey Show? https://ter.li/s64ye3 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0

I

0:26.0

Live from the headquarters of Ramsey Solutions, broadcasting for the pods, moving and storage studios.

0:35.0

It's the Ramsey Show where we help people. Build wealth, do work, that they love and create actual, amazing relationships.

0:45.0

Rachel Cruz, Ramsey Personality, number one best-selling author, co-host of the smart money Happy Hour podcast on the Ramsey Networks.

0:53.0

My daughter is my co-host today. Open phones, a triple eight, eight, two, five, five, two, two, five.

1:00.0

Esther is with us in Dallas. Hi, Esther. Welcome to the Ramsey Show.

1:04.0

Hi Dave. Thank you so much for taking my call.

1:07.0

Sure. What's up?

1:09.0

I'm going because my husband and I have a few questions and we don't know which way to head.

1:14.0

We started financial peace university at the beginning of last year and everything was going great.

1:21.0

We paid about 50,000 in debt so far.

1:24.0

Way to go.

1:26.0

Thank you. Because of some of the things that were happening with our school district and whatnot, I was a teacher.

1:31.0

I decided to get a quick job in homeschool my kiddos starting last summer.

1:37.0

And obviously, I put a little bit of a dent in our debt snowball.

1:43.0

However, my husband had received an increase which was making up for my loss of pay.

1:48.0

And everything kind of went off. Okay, we were able to make ends meet.

1:53.0

What recently, my husband's company, the cut pay from everybody and their company.

1:59.0

And that's going to be about about 20% loss of income for us going into next month.

2:05.0

So it's putting us in a difficult position. It would make things a little hard.

2:11.0

What did your husband use to make?

2:14.0

He was making, he's take home pay was right under 100,000.

...

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