How Do I Tackle My $13,000 Credit Card Debt?

[@Jon-ko3vv]

The biggest eye opener for me and most I know is how much money goes to nothing. Fast foot, drinks, junk you forget about the next day

[@racpatrice]

For me it was definitely fast food 😣

[@jrus690]

Buy the value meal stuff, and do not get a drink, if you are going to get fast food.

[@grantv2313]

And it’s getting worse. I bought a small cliff bar and a small protein bar at a gas station the other day and it was nearly $7.

[@PoyTroy]

Yea I spent $2200 alone in 6 months on fast food. Messed me up seeing that. I changed immediately after lol

[@turtleanton6539]

Yes

[@bassandglof]

Love when a spouse calls without the other spouse. She had him as the responsible party for the debt but when you get to the metrics it’s her card that has the larger balance. Never fails.

[@Originalman144]

That was so funny, she tried to avoid admitting it by saying the total was $13k. Said he’s always swiping and yet her card is more of the debt 😂 😂

[@joha.arandar]

Finances should be taught at schools. Really. I know tons of people that just go through their limit like it's actually cash. 😂

[@jimroscovius]

@@joha.arandar The problem is that schools teach that debt is good. Look at the student loan problem.

[@margaretmurray7182]

That isn't what she said. She said the debt was racked up when he wasn't making as much as he is now. Learn how to comprehend and stop making stuff up.

[@oroville12345]

Weemen logic wants privileges without responsibility....

[@thetruth5635]

Only 54k a year salary and a 65k truck absolutely ridiculous

[@roolyfe]

That’s America 🇺🇸

[@thetruth5635]

@@roolyfe I know if it wasn’t for Ramsey personal it would be me to

[@gsquared2394]

That ole boy had truck fever

[@tmusa2002]

It’s amazing how many people do this same thing. If the average Joe spent like Dave suggests on cars, we’d have a shortage of 15-year-old trucks (the realistic, affordable ones).

[@Mark-qv4bn]

​@@tmusa2002My 2004 Ford Ranger has been my daily driver every day since 2011. I've spent about $2000 on tires and brakes, plugs and wires fuel filter, and plug wires. Insurance is $24 a month, no payments. Nobody cares what you drive.

[@t3angling575]

Biggest financial lessons learned in life. "Live like no one else", "Don't buy what you cannot afford", probably the most powerful, meaningful on ever - "Do not buy to impress, no one cares how expensive car is, and if they do, they are judging you, no one has the right to judge you!"

[@TheRealMEEDABEE]

Rachel's developing the classic Dave arm cross and lean - gives me a lotta hope for the future of the show :D

[@phillipsanchez1349]

Lol

[@mxerb5912]

Except she’s not a curmudgeon

[@cazpk6840]

Lol when he retires i am going to be really sad.

[@tmusa2002]

I love how Dave can do the numbers in his head (rough estimates).

[@alinatamashevich3354]

Let's hope she keeps her hair!

[@jjuniper274]

Because of the discipline the babysteps system taught me, I not only paid off debt, I took my family on a dream Hawaiian vacation with cash, and I used Dollar® car rental too. Dave is the best!! 🌺🤙

[@brotherlouielouie6072]

That's AWESOME. Way to go. Congrats

[@Originalman144]

Aloha 🏄‍♀️

[@DianaDiana-uc8zy]

Congrats!!! 🎉

[@dm6187]

Great job. Dollar car rental is great. Same new cars for half the price!

[@eflvin]

Fabulous!! Yay YOU!!

[@Rashaadthegr8]

The thing about selling the car is the amount of money you get back maybe is $3000. The car cycle has no winners. I'm glad I got off it. Much cheaper and less stress.

[@alinatamashevich3354]

The dealers always win.

[@Bob-yh7ir]

They can't afford horses either on 54k a year. Smh

[@m.l.2483]

For real, horses? Like neighhhhh horses? Black Beauty n'em?

[@ThatDoll25]

@@m.l.2483 I’m dying 😂😂😂

[@lynnebucher6537]

I managed to always keep my horse(s), even through the lean, lean years. But the accommodations I found for them was cheap and I did all the work.

[@TheLivedeath]

Could be part of their job.

[@jimroscovius]

@@TheLivedeath Then get a different job.

[@cazpk6840]

I prefer the dave approach of finding out the facts and giving them a plan quickly cos she is already so stressed. The chit chat can happen later.

[@blueboat9581]

I agree. The small talk was unnecessary

[@darrenruben4108]

Yes less is more

[@littleripper312]

The thing that flips the switch for people is they gain hope. They see the youtube videos of people in similar situations or worse and discover that they can fix this problem so they lose their fear.

[@turtleanton6539]

Yes indeed

[@LawnBunny777]

I just bit the bullet and paid off my credit card debt as I noticed it spiral out of control. Once my bank account was less than my credit card balance I'd be upside-down and that's not a good thing. So I took the plunge to just do it and I just love looking at my 0 balance on my credit card statement and I still have a bit left in my savings before the interest on the card ate that all up.

[@stuartclubb4302]

"We need a truck to haul our horses" "Our household income is $54K" Dave: Sell the truck. And the horses.

[@carloszarate2471]

😂 so true

[@alisatjaden3906]

No, horses aren't cheap, but DON'T sell the horses!!

[@whiskybravo4648]

@@alisatjaden3906 Buy more horses!

[@JasonSmith-ee7zq]

"Sell so much stuff the horses think they're next"

[@firefly9838]

Seriously nobody making that little has ANY business taking care of horses. You gotta take care of yourself adequately before you can take care of any animal.

[@slamdunkslamdunk6995]

Rachel is so wholesome and has a great ‘on-screen’ look! Go Rachel! Dave did a gr8 job.

[@SoFNuTT]

Horses are basically giant dogs, but even more expensive than people generally know. Unless she is making a genuine income from them (unlikely) then that’s a reoccurring issue. Also find it odd that she places more blame on her husband, but his card has the less debt...hm...k. I make $50k base salary. I couldn’t even imagine maintaining horses and the land it requires.

[@teresaalbin-davis4529]

Horses in the back yard aren't expensive to maintain. About $1500 a year including hay. That includes vet and farrier... yep, they're basically pasture pets.

[@Originalman144]

With a $62k truck!

[@jrus690]

Putting too much love into the horses, probably, if her CC debt is higher. All these debts is almost like a fetish for some people, I mean why else would they have it.

[@evillink1]

In California no less!

[@littleripper312]

She can't get horses on 50k. I find owning dogs to be difficult on 50k, she's dreaming.

[@jbandt]

My god! 62k truck with 54k in income! That is crazy! Other living expenses must be pretty cheap to make that pmt.

[@drunclecookie216]

if they're rural it's very likely their living expenses are cheap. I'm rural and my mortgage payment with taxes and insurance included is only $641 a month. What gets you out here though is having to drive everywhere because nothing is close by.

[@bassandglof]

Whoever approved that loan is horrible. That had to be an 84 month term. Ouch!

[@alinatamashevich3354]

@@bassandglof Whoever approved the loan ate a big steak dinner that night.

[@TheLivedeath]

@@alinatamashevich3354 Definitely ordered the lobster tail add-on.

[@alinatamashevich3354]

@@TheLivedeath Ditto!

[@yorfelixreinosooficial]

Love the way Rachel is always on point, telling the truth without having to shame her. 🎉

[@JeroldKline]

Incredibly responsive, *911 Mike Help* ensuring a seamless and enjoyable experience.

[@DwayneDaniel-gk4xz]

Thanks JeroldKline , I’m glad to get the privilege to get to know about their name and looked it up online.

[@IsidroMaxwell-ej4iu]

Thanks I tried *Mike* also , truly dedicated to client satisfaction.

[@edwardfitzgerald3877]

I thought she is so sweet and honest and felt for her when she said all her husband does is swipe his card. Then, when came time to talk about whose card has racked up most of their debt, she reluctantly admits it's hers. 😥

[@liamgeeson5236]

Bingo *facepalm* I feel bad for the husband.

[@mph5896]

Horses, thats an expensive setup.

[@w3stern49]

I paid off all my debt less than a year ago, but I'm having a very hard time saving up, I keep spending cash for no reason.

[@404TRUCKERTV]

I been following Dave since he was on am radio, I bet Dave is so proud of his daughter running the show, good job guys. And you too George lol.

[@EnglishTeacher505]

Got about $8K in credit cards from medical bills to fix so we can get back on track later this year.

[@DemetriPanici]

Praying they make it happen!

[@fondrenhomestead5180]

I love this call! I needed to hear this! Thank you caller!

[@MykelDicus]

My ONLY concern with buying a used cash only are the hidden expenses with maintenance and car issues.

[@eligreg99]

You’ve never lied bro. I bought a used car last year and haven’t stopped having random problems since. I’m going to get rid of it soon. Sometimes buying a newer car isn’t bad because it’ll have less problems

[@ncrob391]

A good place to buy a used vehicle is a reputable car rental business because they service their vehicles frequently, and sell their older vehicles to make room for new stock.

[@edamian5222]

I’m sorry when these people call they need to have all the basic information ready instead of wondering. 🙄 but this was helpful 👌🏼

[@hollyb6885]

I think the producer should ask these basic questions (yearly income, mortgage/rent…) before the call.

[@randy944]

the simple task of keeping a budget would save so much suffering and stress.

[@BagsNBaguettes_327]

Truck payment must be like $800 a month 😳

[@kgraham4850]

Wow That Is Alot Of $$$$$

[@roolyfe]

I have a friend who has a GMC Denali 3500 payment is $1100

[@bigpicturethinking5620]

Very easy to do with modern trucks. 600+ is the norm if the truck is even halfway equipped.

[@Originalman144]

Insanity. Back that thing up - and sell it!

[@Originalman144]

@@bigpicturethinking5620 Or just pay cash and it’s $0 per month halfway equipped.

[@mxerb5912]

I’m a millionaire and drive a 13k Cummins what difference. They never asked how much these freaking horses cost a month? Probably several grand

[@lynnebucher6537]

Doesn't cost nearly that much. If they live where good hay is grown and keep them at home you're talking no more than $200 a month each, all inclusive.

[@lynnebucher6537]

I'm like you, millionaire and drive an older diesel truck. I could not imagine making payments on a brand new truck, especially on that salary.

[@alinatamashevich3354]

@@lynnebucher6537 Vet bills?

[@mxerb5912]

@@lynnebucher6537 boarding? Vet bills? Tack? Food? They could have several.

[@anthonykence9954]

They live in California the cost of living is crazy. 54k is low price in California.

[@Trenton.D]

Only if you live in one of the major cities (SF, LA, SD).

[@Polostar79]

$62K for any truck is far too much. $62K for a Dodge is over the horizon insanity.

[@RD-nc8xt]

She said buy and old truck, basically it will break down on you all the time. A money pit as well

[@e-worthy4364]

2008 tundra would do the job, million mile engine

[@martinmi5]

It’s not going to cost 60K to maintain it

[@RD-nc8xt]

@@martinmi5 old trucks break down all the time. It cause safety issues and work related delays. Trust me i know this because i had to deal with this with handy man and contractors working on my real estate properties.

[@tmusa2002]

Time to sell the horses! OMG, they are an expensive luxury. Been there.

[@alisatjaden3906]

Not true!!

[@firefly9838]

@@alisatjaden3906meh it's sort of true

[@xsgtxbigboy1655]

“My husband won’t stop swiping his card” my credit card debt is more than his whaaaaa

[@michellemorford349]

Horses before having a home? Monster truck payment due to horses? Hmm, me thinks the problem neighs. 🐴

[@TheRealCcE]

George is hosting shows and is pretty good.

[@BlakeBake]

Agreed. I wasn't sold at first but I like him now.

[@nicolebrown5987]

Who is George? Rachel's Hubby? It's weird to see the show with Rachel and not dave being with her.

[@TheRealCcE]

@@nicolebrown5987 Rachel’s husband name is Winston. George functioned as an MC.

[@dancebrittany23]

She doesn't even know her annual salary.

[@alko-ovialko5816]

She doesn't have the numbers ready call is all over the place and call is overall bad quality

[@robloxvids2233]

My dad met a guy from Bakersfield once. He told him the toothbrush was invented in Bakersfield because if it was invented in any other city it would have been called a teethbrush.

[@Michael-4]

Her skin is so smooth!

[@marksr8784]

Not the Truck 😪 ....sniff sniff 😢

[@ShalomDove]

She may be embarrassed, but that number isn’t even close to the worst number this team has ever seen. You’re in good hands, dear

[@karimbennett5651]

Sell the horses and get a reliable car rather than some old broken down truck that may end up having to be pulled by the horses they are trying to haul.

[@DC180]

Level of Sacrifice .... yep... that's it... too many live over their means

[@jonnaborosky8836]

Why wouldn't you advise them to use the benefits from selling the truck to pay of the debt. Then, they'd also be up on their 3-6 months emergency fund, and start saving for retirement, etc.?

[@carterfitzgerald1499]

Because you have to pay off the debt from the truck and they'd be left with a couple thousand.

[@catherinewilke5583]

Because they don’t own the truck, the finance company does

[@Primitive_Code]

If they're really serious then she'd be working and contributing towards paying off this debt. Staying at home mom is not an excuse unless you have a 1 year old.

[@jimroscovius]

We had kids and we both worked the entire time. It can be done and our kids turned out successful with good careers.

[@susiem.2068]

Depends on the child. If you have a special needs kid that requires an adult to be around them 24/7, hiring outside help might be so costly that it isn't worth going back to work.

[@johndone8045]

54k income for a 62k truck...... wow

[@andrew8168]

Happens all the time. I know a girl who makes around $20 an hour, is a single parent, and drives a brand new car. Not sure how she affords it since Dad doesnt pay support.

[@alinatamashevich3354]

@@andrew8168 Might not want to know how those payments are made.

[@Bestfriend-650]

@@andrew8168 Just need a computer with good webcam these days.

[@ganthc]

@@andrew8168 probably a loan with a balloon payment to keep payments low.

[@chadfeathers3001]

A horse is a truck payment that eats and poops

[@NSGLiv]

They make 54k in Cali Jesus Christ that’s rough

[@MykelDicus]

I would rather keep my new vehicle and pay the extra- since I was stupid - and know all worries with warranty, extended, etc. Are wrapped in.

[@ManyMannyMan]

Which human on this earth approved their car loan?? 🤔

[@alinatamashevich3354]

The top producer at that dealership!

[@joha.arandar]

And they didn't even ask how much interest they're paying on the truck (I think they still owe a part of it). It's probably 15% to 20%. 😂

[@alinatamashevich3354]

@@joha.arandar I bet it is high. Gotta break that cycle now! Interest steals your future, today.

[@christopherrosas2738]

That would be the fastest talking salesman at the dealership..... talked so fast and smooth they just said take our money

[@jrus690]

Not as bad as the one that hands out cars to people over the phone, I did not even know you could do that.

[@dabiz4272]

I'm right around 13 myself...I need to hear this lol

[@sweetpea4967]

Turning point movement...add up all the interest payments and see how many days a month you are paying just to borrow money. Then, get off the hamster wheel as fast as you can!

[@undesignated3491]

One thing I did do was cleared my 8k card instead of paying tax, deferred it for as long as possible. Extra couple hundred bucks makes a huge difference

[@jawwaadwilson592]

I make $75000 a year myself and drive a $25000 Corolla

[@joepic85]

I make 115,000 and I drive a Subaru w/ 100k miles on it lol

[@catherinewilke5583]

I wont tell you my annual income but it’s more than these people. I was driving a 2008 Toyota purchased for cash in 2009, and recently got a new Toyota BZ. It’s so fancy I almost don’t know what to do.

[@danieln.2590]

Dave would’ve said: sell the horse, sell the truck, sell the kids too. Hay and rice, rice and hay.

[@johnmitchell2741]

When she said kids new truck then horses I lost it Crystal great job for making me laugh. Now I don't have to watch a comedy tonight

[@michaelfleming40]

Sell stuff that you no longer use. You would be surprised how quickly your debt could be paid off.

[@theraddadinvestor1000]

Just found your channel, love it. I just started a finance channel myself and understand any and all support helps. I just subbed and liked :) Great content, thank you!

[@ErichH68]

Best way to get out of debt is to NEVER get in debt!

[@wakeupstylellc]

We don’t know her situation, really know. But it sounds like the horses need to go and she needs to get a lil part time or work from home job. Pay off the debt and save for their future. I wish I could be my own financial adviser, but it’s easier to say it than to do it. 😅

[@djpuplex]

My husband doesn't make enough 😥 what are you doing? Lots of CNA jobs available for weekends and nights work from home jobs, cleaning houses. Way to put it on him, I'm sure she isn't spending at all. You gotta have skin in the game. Not just relying on the human ATM.

[@mph5896]

She takes care of the horses

[@fishingangler4315]

@@mph5896 Sell the horses.

[@ThatDoll25]

@@fishingangler4315 childcare will be incredibly expensive too. She does work by being at home caring for the children and property. Unfortunately her labor doesn’t produce a salary, but it would create a huge cost if she stopped doing it.

[@djpuplex]

@@ThatDoll25 no one says stop working but when he not working he could take up the child care duties she could have a job outside the home this way they both bring in income add to social security. The longer someone stays out of the workforce the harder and more likely they permanently stay out

[@catherinewilke5583]

@@ThatDoll25that’s why she should work when he is at home. No reason to pay for childcare. They are his kids too. Staying at home with kids is a luxury these people can’t afford.

[@MaryMary-gn3in]

Just what I Need so much.

[@elainecoyle2704]

These people call in and don't know their financial details. That's ridiculous.

[@TheCarines1]

I really like Rachel. She seems down to Earth and not uppity. She’s cool in my book.

[@kay22100]

Why don’t these people get their numbers together before calling? Lol

[@anthonykence9954]

Their income is low for California

[@jimklemens5018]

Poverty level.

[@NightRidah777]

Wait, what? 54k income with a 62k truck and horses? I don't think I'm hearing that right

[@jhonilocran6077]

How do you not know your yearly household income off the top of your head?

[@thefpvlife7785]

Not a radical change. Downsize truck n pay CC over a yr. Done

[@jaquandrejones]

This caller can't multiply by 12? "I should've calculated that" just do it rn lmao

[@FirstTimeGrow]

What ever happened to bankruptcy then stick to cash!

[@davidchrist428]

How do you get out of debt...well lets see.......how about paying your bills until the debt is gone......do you really need to call someone to ask that silly question? Orders the book without knowing the title? These people are not going to change......

[@marknewton6984]

No way😮!

[@KC-dr3cg]

Lol..following Dave's posture by design probably

[@kenwiltsie6920]

How does someone pay for the FPU when your trying to get out of debt?

[@harveylin3548]

The fact 4500 a month can take out debts to but a truck more expensive than their income is a joke in this country. But hey, that's how the cookie crumbles.

[@grantv2313]

Idk how they could even get a loan for it. That would be such a huge percentage of their income.

[@harveylin3548]

@@grantv2313 Hopefully this interest rate going up will fix some of that problem.

[@anthonywhittaker4321]

You will agree with it being arrestable offense when you're hit by someone without a license or insurance and you're hit with a 24k in damage to your vehicle. Or when your care insurance increases by 27% because of uninsured motorists... so I'm all for it being arrestable. If you don't want to be arrested, follow the laws of operating a motor vehicle

[@jdssurf]

They should be able to pay this off way sooner than 18 months

[@gracelikerain5039]

Where is Dave? Im late?

[@Shoeslyyork]

Why aren't they saying/doing sell the horses

[@littlebob1261]

Pay the highest interest debt first if you want to be out of debt the fastest. If you like to be fired up and pay off small debts knowing it will take longer but you're excited, than do that I guess

[@nosleep513]

Great show wish I could get on the show

[@paulmitchell1580]

I the UK you can sign up to an IVA

[@DJ239]

Why would you buy a vehicle that costs more than your yearly salary?

[@marknewton6984]

Why😢?

[@SuperEddietv]

Velocity banking! Earning a side hustle to apply debt relief, via card utilization works the fastest. Responsible up people!! Cards got some of you there. Cards can get you out as well. Go learn how. Cutting up cards and paying the banks maximum interest is a fools game. It is great for the banks though. Debt relief with added income, is a strategy. It is not taught round here! Learn how to do it. I could go on but I learned how to make money with cards, this after following Dave for over 2 decades and Dave's techniques do not work for me anymore, as a self employed, variable income craftsmen. Dave's stuff is great for a corporate slave type. God bless all and adult up!!

[@michaelpisano9886]

Lol sell the truck and the cc debt is gone. what is so difficult about this

Nice caller 🙂. Hope she gets to be a millionaire.

[@armandoc2584]

Why doesn’t she get a job? It’s always the stay at home mom thing like I get it but you can get a remote job even making 10 dollars an hour.

[@amberbiggs]

Ya, and especially once they are school aged, there is plenty of time to work to help pay off that household debt!

[@Kermila_3]

How can I get on this show ?

[@Dizzy2Wizzy]

4.5k x 12 ''calculate'' is crazy.

[@trekreview]

Horses are a total money pit! Sell the horses! Stop being a stay at home wife and get a job.

[@TheDjcarter1966]

If she has no skills after daycare she working for probably $3-5/hr not really worth it.

[@marknewton6984]

Wives are $$$$$$.😮

[@justinshearer8180]

I want to know how in the world they’re able to have horses on 50 K year salary would love to have some land with some horses, but they’re extremely expensive. They need to sell the horses, the trailer and the truck.

[@BlakeJackson-w3h]

Virtually zero advice was given beyond sell the truck and buy our book

[@TheRealJohnJ10]

She is Dave in female form.

[@destroytri]

13k in debt i purposrely ran my debt up that high? how is hard to pay off?

[@kelseykjarsgaard5774]

Still not easy

[@rayjgold]

I dont understand the thought process behind getting a car worth more than your yearly income.

[@kleindropper]

"horses" - red alert! red alert!

[@davidmilhouscarter8198]

4:22 They bought a truck that they cannot afford.

[@allyberry33]

This is going nowhere. Who calls for financial advice without knowing 1. annual income 2. APR and amounts OWED on which credit cards? They will never pay this off. Will only get worse. Not sorry for saying this.

[@betitos11]

Sell the truck ride the horses 😄

[@firefly9838]

Sell the truck Sell the horses She gets a job

[@BubbaSnipe03]

And don't ride the boy

[@BridgetBanksBudget]

@@firefly9838point made

[@marknewton6984]

Ride, Sally, ride!😅

[@beng3345]

I make $300k/year and drive an Accord and a 15 year old BMW.