We Make $60,000 and Are Struggling Every Month

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 22 February 2025

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	Brought to you by the Every Dollar app. Start budgeting for free today.
0:06.5	I'm trying to figure out how to budget my money to get out of debt.
0:10.7	Okay. Tell us a little bit more. What's the debt?
0:16.5	Car payments, house, and a lot of small debts, a couple credit cards and a student loan.
0:22.0	All right, let's go, let's list them out for us. So go smallest to largest. The biggest debt
0:26.9	down to the smallest. Start with the biggest debt.
0:31.0	$150,000 for my house.
0:32.9	Okay, we'll leave the house out right now because we're going to work on that other debt. So keep going.
0:39.0	$12,000 for my truck.
0:42.3	$3,000 for my wife's car.
0:46.0	About $2,000 on a student loan.
0:49.3	And then two different credit cards are $1,700 and $1,600.
0:54.4	Okay.
0:55.0	And what is your combined income?
0:57.2	Do you have two incomes or one?
0:59.4	Two, me and my wife.
1:00.9	So what's your combined income?
1:03.4	Roughly $60,000.
1:05.6	Okay.
1:07.1	All right.
1:07.7	What's the truck worth right now if you were to sell it, private sale, not to a dealer. What's the truck worth right now if you were to sell it private sale not to a dealer
1:12.9	what's the truck worth roughly 25 okay that's great news okay and how much is the $3,000 car how much is that
	...

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