My Expenses Are More Than My Income

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[@davidavila3374]

My 2 cents!!! Helping out her parents is a blessing for both. $650 a month for rent and utilities is not bad at all.

[@richardcarlson8272]

Definitely true and she was actually only pay $500 a month for rent. She said she pays for her and her dads insurance 300. She has to have insurance so split the 300 in half for her rent payment and she actually only pays $500 in rent

[@Simply.Homicide]

Agreed

[@kwell2307]

Clothing should NOT be a category. 15K in credit cards I imagine some of that as clothes. If her closet is practically full, I'd sell those on Poshmark and keep what is worn to work daily. only buy shoes when needed etc.

[@ThePeterDislikeShow]

I haven't bought any new clothing in ages, I shop used. I can never understand the concept.

[@drunclecookie216]

a friend of mine owns a resale shop and my wife and I buy practically new high end clothes there for next to nothing... I'll never shop retail again

[@NONENONENONE123]

Ryan Cook but you really want second hand clothing???

[@johnhoy7572]

FortNikitaBullion let me explain the concept. If other people stop buying new clothes, you wear no clothes.

[@ThePeterDislikeShow]

Then we'll all wear no clothes. Fine with me if that's the norm.

[@hiitsmemindyourownbusiness2602]

I wish I made $3200 and only paid $350.00 rent, I would live like a freaking KING.

[@farahhumairamohd2946]

Same

[@joelsilverman6899]

she pays 650

[@luissvisuals98]

She pays her father insurance

[@johnsuggs8810]

I take home 1500 per week. Believe me it’s not that great

[@robertrouillier6319]

I'm 19 making $2,800 paying $200 in rent, lol. It's hard to live like a king when you're saving like a poor man.

[@LewisPike]

Great Video Dave. Thanks for all that you do. I've paid off $42,000 so far following your methods. On pace to be debt free by December 2017.

[@TemeryN]

great job! stay on the path it's almost here. Are you gonna do a "scream" when it happens? =)

[@Tahania1]

Enough With Debt Way to go! Keep it up. Congratulations

[@Erlin1988]

Good job bro. Keep it up!

[@Mrs.T305]

Wow good job👍👍👍

[@TheQueenPsChannel]

Were you able to become debt free? Congratulations!

[@sl523]

I have watched a lot of Dave's videos, but this is definitely off the mark. Paying $650 a month for rent is not the problem; in fact, it was the only thing that was not a problem! Things could have gone far worse if she rented elsewhere. Her main problem is the credit card debt, which goes hand-in-hand with discipline and spending problems. I paid a higher rent with a slightly higher monthly income, but still manage to save over $1,500 a month, on top of contributing to both retirement and voluntary retirement plans.

[@Vinhthitheu]

SL Agree! My husband and i paid 1k for a small room at his parents house and we didn’t make that much back then. We bought used cars and paid them off. Car pmt seems to be the issue in most of these calls.

[@jewelko482]

$650 is not expensive. Theres almost nowhere where I live that is $650 unless you want to live in a run down studio in a bad neighborhood. No thanks! id rather pay $650 to my parents in a nice house & better neighborhood.

[@family-peace-love]

Jewel KO is the point not that if she had free rent paid off debts she could be alot better off in life then get on her feet.

[@ChristoherWGray]

And Add utilities into that equation

[@JiisTube]

So do you live where she lives? If not, there's no point in comparing prices, right.

[@liawatson5789]

What is the definition of a bad neighbourhood?

[@TeKnoVKNG23]

$650 for rent is high? Sometimes I wish I lived in this magical word Dave does. Most places, especially big cities these days, you're lucky if you can find a 1BR under $1000 even miles from the city.

[@ChrissyLovesU2]

TeKnoVKNG23 apples to oranges. A bedroom apartment vs 1 bdrm is totally different. She just has a room, not fully her own space. In addition, it's her parent's house - no real freedom...

[@dexterbentley6336]

I live in a house with 2 other guys and we each pay about 650-700 per month for rent and utilities. $650 in Miami isn't bad.

[@gorgeouss79]

TeKnoVKNG23 still, her parents are taking advantage of her

[@fkcavs]

Dave lives in Tennessee I think, cost of living is pretty cheap there.

[@adhdslay]

I pay $457/mo (-:

[@workingshlub8861]

love this guy..2 more credit card payments and im done. never a credit card or car loan again. i still have mortage and i am going to use the snowball method to pay that off asap. FREEDOM

[@TheRamseyShow]

Hey man, keep up the great work! You are so close! Make sure to click that subscribe button: kzbin.info

[@davidskaggs9914]

working shlub I'm in the same boat

[@workingshlub8861]

it is a good boat to be in right??

[@ShiaGirl18]

Great job! How are you enjoying your debt free life?

[@Philippinesbound42]

She's living in Miami Dave. 650 bucks a month is ascheap as it gets

[@Mrs.T305]

Gabe Gordon Exactly...u can get nowhere in Miami for that on your own.

[@Coolsun-dx3tv]

True story. I live in fll. The cheapest rent i could find for a 2 bdr was 1300 in the bad neighborhood

[@fkcavs]

South Florida is an economic wasteland. Extremely high standard of living with below national average wages.

[@lyndabrown3402]

Dalma Hernandez if your in north Florida you can get a 2 b/2b for around 800.00 in a good area.

[@arcadion448]

DR is out of touch with market rates not in his home town. Here in SD, $650 would be great for renting a single room. Most people I know pay $800+ when rent + utilities are considered.

[@NatalieJoseph101]

For Miami 650 dollars a month in rent is heaven sent

[@ronyalemerrill]

He’s crazy! 650.00 is CHEAP for rent. When was this tapped, 1995??

[@GuillermoRodriguez-gu3oq]

Lol

[@brock3805]

Haha yeah for Miami it definitely is, out here in the Midwest $450 or so would be cheap

[@abitamimbharmal1498]

Nah. Points is, its 650 as a roommate. Meaning if she lived in an apartment that cost $800 a month with a room mate, thats $400 a month per person.

[@yayyareaa2997]

Did Dave just say $650 a month is expensive to live with roommates? Lol in California you’ll be lucky to have a room with a shared bathroom and kitchen with 4 people for $900+

[@JiisTube]

Yeah i wondered about that. He said "roommates" but I think he might have meant $650 is kinda pricey when you're supposed to be "living with parents to save money". That being said, Florida can be a very cheap place to live, and $650 will pay a mortgage there in its own. I dunno about the Miami area tho.

[@josemora5624]

California is a whole different world from the rest of America idk why anyone would live there is so expensive

[@ashleryz718]

Same in NYC

[@brianasche6406]

Miami would be cheap to pay 650. Good luck finding a place under 1500.

[@jackjack4412]

​@@brianasche6406 I can't believe there's condos in Miami area for $150K and hoas less than $1000. In my area, south of Seattle condos are minimum $250K with HOA at least $700.

[@ErrorPagenotFound-ig1cy]

Paying $350 for “rent” and still cant save money... adulting fail.

[@justagirl12345]

Seriously

[@Clauserline]

It’s $656. She’s paying her dad’s car ins too which is almost the same price. Dave considers it as part of rent in which I agree because that’s the agreement they had in order for her to live with them.

[@randymorrison1761]

@@Clauserline that includes her car insurance as well

[@oldmanwinter3597]

"It's about ____" " I wanna say", "I'm not sure" - Why do they call when they don't know answers to the questions Dave asks EVERY TIME?

[@chrisstaub5880]

Usually the fact that they don't have those answers is the reason they're calling in the first place.

[@MyAirMyles]

If the knew their numbers and had control of their budget they wouldn't be calling at all.

[@Jamaican_queen25]

25 with all of that debt?? Holy cow.... funny I'm turning 25 tomorrow. She makes 3200 a month? Wow i would be moved out in 2 years tops.

[@triad6425]

A studio in alabama is $450/month, $800/month in philly, 2,000/month in NYC

[@Purpleeyes92]

I live in NYC, only in Manhattan you might find a studio for 2k. A studio in the other boroughs is about 900 to 1200.

[@spf_500]

My Brooklyn studio is $1150

[@JR-gb9ou]

One of the biggest reasons I have an issue going back! I'm in Ohio now paying 449 in rent and 60 for my car insurance!

[@triad6425]

Hey i have a job interview coming up in Akron, OH. What is it like compared to the tristate? i like the lower cost of living mainly so i can get out of debt sooner, But i don't know much else about the state. Any thoughts?

[@MJ_Solo]

My BK studio is $868

[@dnightingalle9302]

Some people spend on things they don't need just to impress people who care less.

[@dogan6070]

Well said.

[@bensimmons9000]

Fight club: "We buy things we don't need, with money we don't have, to impress people we don't like/know.

[@genxx2724]

@@bensimmons9000 i think people buy things they can’t afford because they want to fit in with people they look up to, but those people will never accept them. In fact, they are invisible to those people and always will be. I would make an adjustment to the saying. “We buy things we don’t need, with money we don’t have, to impress people who will never like us.”

[@bensimmons9000]

@@genxx2724 well said, Gen, well said. Its unfortunate but i dont blame it on the people. societies [impulse consumerism, marketing and social media]; expectations of who we should be, how we should act is repulsive. then again these all stem from our basic human emotions, discontent, trying to pursue something we will never attain, comparison, jealousy, but all in all, it is society that has manifested these human traits and has ruined the way people live their lives and their perspective on life and success. Thanks for your response comment :)

[@callumsmith338]

You realise the saying is “who couldn’t care less”, right?

[@Taikun787]

I don't know about you guys, but making her pay her father's insurance is kind of taking advantage of her, specially considering her situation. I'm all about her paying rent, but come on...

[@OopsFailedArt]

It still would have made more sense just to have a flat payment. I noticed Ramsey accidentally included her insurance because that $350 was for both. That kind of confusion isn't necessary

[@Moreeelifeee]

She probably gets a better rate

[@junbh2]

Her father's insurance is way way less than rent would be, though, unless where she lives is unusually cheap.

[@insideoutsideupsidedown2218]

Taikun787 no one is forcing her to live at home, she can go get an apartment...

[@insideoutsideupsidedown2218]

If my wife would let me, i charge the 3 kids still living at home rent free, rent. I think 400 a month is fair. There, just paid my mortgage payment....

[@slytherinstorm91]

I wish my income was $3200/month! Lol, try having an income of $1200/month or less

[@dezziefbby]

Right! On top of being a single parent. Impossible.

[@Lanja1991]

That’s how much I make being a full time server lol 3200 is a dream

[@tamara4070]

Exactly!!!!!!!!!!! Smh... 3200.00 sounds good right about now!!!

[@BethAnnesBest]

yeah this is my problem. Only making $1200 a month....been trying to find a new job for over 2 years with no success :( also in expensive florida.

[@Cookieboy70]

Just promoted to making $3,800/month. I wish I had the discipline to spend less though, I could be saving up a huge fund if I wasn't out wining and dining so much :(

[@financialbabysteps1997]

Listening to these calls and hearing Dave’s passion and vision for the callers really keeps me going. It’s like he is working out the math in his head and he KNOWS this is doable, he just has to convey that to the caller. I think this caller got it. Sometimes the callers don’t get it but we as listeners end up getting it. It’s nice to see here that it is all clicking for the caller. She got it and we got it too :)

[@cocoshan]

I know this is a year old episode, but paying ~$600 for rent is a good deal in Miami. Finding a place for that amount is impossible, even if you moved out and found a roommate. Aside from being a Hispanic cultural thing (living with parents until they get married), it's not feasible for recent grads to move out unfortunately in that city. This is from someone who lives there.

[@OopsFailedArt]

cocoshan plus he accidentally added in her own insurance to that total likely making it $500 ish per month. Even in MO that's really good and I pay $865 including escrow on a four bedroom home lol

[@robwilliams239]

I have a friend who comes from a wealthy family. They’ve paid off his college (80k), gave him a down payment for his home, he makes more money than I, and yet he asked to borrow $200 from me. So sad.

[@Iamthenextmultimillionaire4400]

Sounds like his parents failed to educate how to handle money

[@bluluckyduckie]

I worked at Mcdonadls full time and was able to move out of my parents and afford a $650/ month apartment! I had zero debt and took home about $1500/ month. I owned my car and had no other debts. I lived simply and was still able to furnish my apartment and eat out once a month.

[@ellyccc8572]

And you think that's good. No offence but we all have our goals. Sometimes you have to go into debt to get to where you want ,an example, school. Not saying that Mcdonalds is not good. Trust me, my mom worked there as her first job. However, you always have to find ways to prosper and move up the latter.

[@bluluckyduckie]

Elly Gee I never said that’s my “goals” that where I was 12 years ago 😂😂😂

[@bluluckyduckie]

Elly Gee please note the original comment I wrote was written in past tense meaning IT HAPPENED IN THE PAST. Don’t come for people on the internet when you didn’t even read the original comment you saw “mcdonalds” and snapped.

[@wahinepaddler4]

drinking game...every time she says 'about..' hit it

[@briofthed]

Leona Rodriguez "I want to say..."

[@PCross38115]

Leona Rodriguez For regular listeners, why do they not have income to debt numbers available? I'm like seriously...if you don't want to discuss your personal info DON'T CALL IN lol

[@Eatshit156]

Lol! About right.

[@inthevault9603]

She’s really annoying.

[@shaunaleessnackidies]

Student loans can be deferred for a year or more btw. They can do it with a call and it happens ASAP.

[@Karma20XX]

Yeah and do you know what happens after that? Double the interest. She would owe a lot more and never get out of debt.

[@shaunaleessnackidies]

Karma My interest stayed the same, 6%...

[@sunnysunshine6271]

If I would give my parents $656.00, I would think that they would feed me ;)

[@nickp9646]

My kids lives with me and doesn't pay me anything. 'Course he is a toddler, but still. ;)

[@RobTzu]

If I gave my mom 656 a month to feed me, she would have me fattened up good!

[@jasminealexia]

Sunny Sunshine she's giving way to much rent to live with her parents! She needs to have a roommate and live somewhere cheaper

[@sublime90]

i give my mom $500 a month food not included, that in mind my mom is Broke!!! so she depends on me to help keep the roof over our heads.

[@jobdoneright5934]

JustJasmine you wanna live with momma for free?

[@elonmusk8667]

Man if I only had to pay $350 a month, I would be loaded.

[@anthony8194]

I used to make 10/hr and bought my first home that was 50k but negotiated it and purchased for 35k. I now make 14/hr and I'm doing just fine. For those who say you are struggling and cant afford a house really need to figure your self out. Live below your means and only buy what you need. Dont finance things unless it's a mortgage. Pay cash for everything else. Dont get credit cards. Dont have kids at a early age.

[@becca5027]

$35k a house...so it's not a real house. There's zero houses in most areas that are not condemned for that price...most people want a car that's reliable with nothing to fix. The car payments are stupid. I bought my car cash too.

[@juliosoto2216]

i grew up in miami the whole city sucks best thing i did was move

[@cdiaz1282]

In Miami $650 is UNHEARD of. Even for an efficiency.

[@juliosoto2216]

effiency are 850 and up now people are going crazy I'm glad i moved from miami best decision ever

[@DozensOfViewers]

But it’s not an apartment. It’s one room in someone’s house.

[@Blue-kz3vf]

Dozensofviwers an efficiency is pretty much a room in someone's house. They might get creative and add stuff like a small kitchen( illigal by the way) but it is still a room in someone's house

[@DoctorSmartyPants]

Did she say $1600 for combined student loan and credit card payment? what? this doesnt sound right.

[@berry186]

Karen M more than likely she probably meant a month or every other month. I myself owe 43k but I didn't borrow nowhere near that came to that amount for the inschool deferment and/or hardship forbearance over the years.

[@NickSkye]

I have two roommates and my portion of the rent is $1250 🙃

[@Mhel2023]

....dang, where do you live, Tokyo? 😯

[@NickSkye]

Newport beach California :(

[@demo2382]

Because she's paying her parents so much for rent, is it safe to assume that hey too are struggling financially?

[@TeKnoVKNG23]

She's not paying them much at all. $350 is nothing and it sounds like she is paying dad's car insurance out of the goodness of her heart. My parents charged me $800/month when I lived in their inlaw suite and I know plenty of people where their family was charging them more. Comparatively, the area I live in the cheapest 1BR apt is around $1200/mo so they were actually cutting me a great deal.

[@iheartlreoy8134]

TeKnoVKNG23 you do realize everything is different depending on location right

[@nryanmusic]

you think 350 is alot? AHAHAHAHAHAHAHHAHA!!!!!

[@ChristoherWGray]

Yeah Go move out the parents place that is probably safe and secure in a single family residence And go out and have a crazy roommate in a dangerous apartment complex And There was zero mention of utilities So add that into an apartment There are NO savings with that plan No!

[@redouteshabby2024]

Still watching every video to find a way out! At 63 I was laid off and have only been able to find a job paying half what I used to make. Already cut out every amenity and work a part time job too. I have exhausted all my options with turn downs on a loan modification , home equity line and refi. Don't know what else to do at this point.

[@davidb8777]

So glad that I read Dave's book Financial Peace and others like it 20 years ago! I have had zero debt for years, not even a mortgage payment! This allowed me to get through a 1-year period of unemployment a couple years ago without touching my retirement savings and, thank goodness, not losing my home in the process. I'm dating at this time and it never ceases to surprise me how many women in their 40s or 50s are in terrible financial shape. Some of the ones who think they are doing well are actually not doing much better than treading water. They might even be earning twice as much as me but between spending on consumer goods and servicing debt they have nothing to show at the end of the month. Considering that women live longer than men, they really need a wake-up and reevaluate their situation.

[@janetmccoy7945]

Are you Married now?

[@Mrs.T305]

Miami is rough. Jobs don't pay here. I wish her all the best

[@jenifercollazos8534]

negrita305 she’s making over 50k a year. She’s struggling because she’s an idiot. How U make $1600 clean biweekly and cant live with 600 rent?? Cmon now

[@zaidchalabi1599]

Its so hard to work 1 job anymore especially in north east usa U have to work 70 hrs a week or so

[@Izzywizzy74]

It is really sad... it should NOT be like that - it is like we have no other life..... but work and pay rent/bills

[@Vinhthitheu]

I disagree with Dave on this. He must not have any idea how expensive rent is these days. She said she paid insurance for both her car and her dad’s not only his. So her total rent should have been 500 not 650. Her car payment is the same amount that her parents charge her. And 15k credit card debt? Sighs

[@InvictusBestiali]

650 is cheap tbh, here in miami dade we got efficiency studios going up to 1000$ a month!

[@RenGib123]

Her situation was bleak but I love how encouraging you were

[@jillgott6567]

Bleak ? If there were ever a month when she can not afford the rent, food etc she would still have a roof over her head- so it was an awesome deal.

[@blondeegirl00]

I wish her parents would charge her less and pay their own auto. she's struggling!

[@TheRamseyShow]

Blondeegirl00, thanks so much for commenting and watching this video. Don't forget to subscribe! Hopefully, Dave's good advice and the free FPU class will get Ariana on the right track. kzbin.info

[@debrawilliams7983]

You can't stay nowhere for nothing!! She is grown!! She should pay something in rent!! People create their own problems!!

[@dianemilligan3839]

+Debra Williams, that's not what blondeegirl00 said. She said, "I wish parents would charge her *less* and pay their own auto." That doesn't sound like *staying nowhere for nothing.*

[@mspixiedust100]

+Debra Williams she pays $650 rent

[@paulstandaert2042]

blondeegirl00 I am hoping that there is some sarcasm there. My take home pay is $2615 per month... give or take depending on how many days are in the month. I am a homeowner and live by myself and am currently dumping $1150 per month into the mortgage. Perhaps with children in the picture that would be a struggle, but to say that I am financially struggling at this rate is quite the stretch. Add $600 per month into my monthly income... wow. Just imagine the possibilities.

[@MsBrendalina]

Even in an expensive state like California, $3,500 is a good income for a single person with no children! She'd be fine if she didn't choose to get a new car with expensive insurance and saddle herself with student loan & credit card debt. If I made that much, I would have been out of my parents' house WAY before I had a fiancee to share expenses with.

[@necrimekarim6523]

As a Moroccan, i am abolutely appalled at the fact that she has to PAY to her own parents rent to live at home. My parents would be overjoyed to have me stay with them here forever and never move out. Any other financial trouble that my parents have ( that they can't deal with themselves ) i can pay, but using your child to pay your bills sounds completely ridiculous to me. Is that a normal thing in America ?

[@jio512]

necrime karim maybe more of a Miami/Hispanic thing.

[@mdooms76]

Does Dave realize the average rent today is $1400? Her $300 insurance includes her own as well so not paying for dad would only gain her $100 or so. It's best to stay home while she can get on her feet. A roommate is going to be more expensive! Not to mention rent goes up every year.

[@raye8203]

Hearing about these people's rent makes me so jealous. I hate Chicago lol. Can't even find a decent 1 bedroom for less than $1350.

[@life420andover]

Raye Tavi same in Toronto cant find anything less then $1000

[@kisssanand5437]

Raye Tavi Then move.

[@craighamilton4189]

Parents charge their kids rent in the USA? woow

[@margietucker1719]

Some do....but most do not.

[@regul8or71]

Craig H. Depends on the situation. Before 18, most don't. After 18, some do, some don't - very much depends on circumstances. I know some people who moved back in with parents after college while looking for a job or saving for a house etc, and at first they did not charge rent, but started to charge after a while. I moved back in with my folks after going through a divorce and was rent-free temporarily while I sorted things out and started moving forward in life. Those are two of countless possible scenarios that may warrant temporary rent free lodging.

[@daniellamoreno3616]

Dr. Craig G. Hamilton yep some do its business.

[@kkkkk3811]

She's 25 not 18 or under. So yes she has to pay rent I wish my parents charges my 22 year old sister rent.

[@TeKnoVKNG23]

Depends on the parents. Some do it to try to get their kid to leave the house and stop freeloading, others do it to teach their kids responsibility with money and how to budget for monthly expenses.

[@AnyutaVAmerike]

“Roommates don’t have $650 rent?” Where is Dave living in this world? Come to Massachusetts. Average room $1000, average apartment rent $2000-2500. Try to budget here.

[@mariawalke4671]

She lives in Miami. $650 is a DEAL here! I can't imagine hown much better she can find in rent here.... would love to see where she finds something cheaper in this city!

[@thekaerichtexas]

These credit cards are out of control. How do ppl get themselves into these messes???

[@smolemjayl2724]

k. rich they use a credit card for be store purchases rather than pay cash. 2) they don't pay off the credit card monthly.

[@Izzywizzy74]

@@smolemjayl2724 that is not true- I have no other choice as I have to pay bills and rent, certain things have to be on the credit card - emergency only of course. I do not want to be in debt?? who doe?? sometimes it is about survival - always at a cost of course.

[@MsJustcurious24]

my income is similar and rent is higher (living in NYC) and I have money left for food, transportation, and utilities. I cut cable and some entertainment and was able to save up for the emergency fund and payed 3 cards already ( BS #2 half way done, onto school loan yay) I think she should stop paying her father's insurance, she's already paying them rent. She needs to budget better and make her own meals, somethings not right lol

[@joeybelea4772]

6:33, I've never seen Dave say no so fast 😂😂

[@jasminmemorando6694]

Paid 60k worth of student loans with your inspiration Dave. God bless you!

[@Robin86]

He should have separated her insurance from his cause her rent is not really not really 650 cause part of that is her insurance. And $650 in rent is good depending on where you live. Sure is in Los Angeles...

[@imhuy95]

Bruh buy only from clearance rack. Or go to Ross. Simple fix

[@matthewdeanl5884]

Financial Peace University?... I'm on government cheese. I got ran over by a car at a young age (16). Suffer brain damage. They/Government gave me disability and then switch me to SSI low-income hmm. Anyways, I"m thankful that I'm alive and thank God I've came a long way from the wheel chair. I am actually walking now and learning to read a few chapters per day thru prayers and bibilical readings. I like Dave's straight forward honesty about life...You're the only one that is responsible for yourself and your finances. Long story short, I don't place my trust on family friends reguardless how long I've known them ( people change ) I would like to attend Financial Peace University but I have financial struggle at the moment. I am taking a class per semester with my city community college. I am NOT going into debt to attend Financial Peace University, but I would like to know how much does it cost? I'll save my emergency funds first and then attend. If that's possible. thank you Mr. Financial Pharoah Ramsey :)

[@thecatnextdoor12]

There is a free trial, if you sign up right now.

[@Coolsun-dx3tv]

I live in south FL. I wish rents were that cheap! I pay 1450 on rent!!! Its ridiculous.

[@IslandFlyGal]

Dalma Hernandez is that for 1 bedroom or 2?.

[@heavymechanic2]

I saw a news article that teachers did not make enough to rent near their school (in Miami) and I can understand why her rent expense is higher than other locations. Cost of living can also be inflated due to location and that can affect more things others cannot understand... Just cut spending and it will improve her situation.

[@StatsMass]

"Roommates don't usually have a $650 payment" Yeah well go to CA, NJ, NY, etc where 2 bedroom apts are north of $2k or $3k a month.

[@meleginesoliven3768]

Credit Cards put me in a very bad situation, because I am not that wise to spent with unnecessary stuff.

[@danibathalier6839]

Melegine Soliven same 😒

[@IslandFlyGal]

Melegine Soliven I’m going through the same dilemma.

[@emilymann2818]

650...of rent to live with your own parents. you can definitely find a room within a house with other roommates for cheaper than that where you are. I live in Michigan, where cost of living isn't high, and even living in one of the more expensive cities (grand rapids) it's possible to find a better deal.

[@lauromartinez8948]

Dave, 650 dollars rent in MIAMI IS A BLESSING !!!

[@ShreeNation]

Oh man if I made 3200 a month and lived with my parents, I'll be living that bougie influencer lifestyle.

[@bethanyh1637]

I'm a little surprised Dave didn't ask her more about her credit card debts.... like what she was buying. But things aren't quite adding up. The totals she gave for her student loan and credit card payments don't match the balances she claims. Monthly payments on $38k in student loans should only be around $600. The highest WORST CASE SCENARIO for the Minimum payments on $15k in credit cards is only $750. Its as if there's an extra $10k in there she isn't mentioning. Also, it's unlikely that she'd be better off moving out at the moment. That $650 towards "rent" includes her car insurance.

[@anpvk7]

I wonder what kind of loans they were ... I don't think that federal loans would require that big of a minimum payment. I bet she is in default and that's why the minimum is so high. I had a similar student loan balance at the beginning of the year and my minimum was $450/month BEFORE IBR kicked in. I think she's playing down the balances by 10-20K or more.

[@tatiannamiv]

it could be old debt.

[@melanieabbondandolo481]

$650 for rent, utilities and car insurance is not bad at all. Where does he think she should live?

[@wyattandwill12]

If she pays off the car the insurance might go down too, she can drop all that extra coverage required when financing assuming her lender required it. In Florida for me insurance is $250 compared to $130 here in NC, that’s bare minimum of you don’t deny uninsured motorists in writing which doesn’t save all that much.

[@eliot5220]

The big problem is rent for everyone. I bought a multi unit in my twenties and lived rent free for eight years. No rent no car note lifestyle is the way to go.

[@youngmystery8417]

I lived in Miami dade. It’s crazy expensive best decision I ever made was getting out of that city.

[@Tundra0128]

My parents co signed for me to get a credit card a couple years ago. I paid all my bills on time and havent been late once. Got a 750 credit score right now

[@angeliquefuentes5006]

That’s typical in California :( 600 to have a roommate it’s ridiculous

[@Izzywizzy74]

and more....

[@SuperAllison20]

So can relate to this woman's problem :/

[@rebeccasuraci7666]

i would die if rent was only 650 where i live. and thats NOT including the utilities

[@4dscdriver]

Rebecca Suraci rent is that cheap in the southeastern states.

[@NONENONENONE123]

4dscdriver Miami is expensive

[@jamericanrebel]

Rebecca Suraci I live upstate New York and I live in a two bedroom house all inclusive for $750 at most lol this month it cam to $730! I feel so lucky

[@Izzywizzy74]

@spirals 73 where is "upper midwest"?

[@Blue-kz3vf]

In Miami $650 its actually cheap. I seriously doubt she'll find anything less expensive.

[@thecatnextdoor12]

Unfortunately, she most likely won’t. I tried and failed tremendously.

[@ianrobinson4200]

No matter what my income is,I will live on less than it no matter what I have to do. Even if I have to get rid of my car,the internet whatever. That's the golden rule, live on less than what you're making

[@mverma7845]

Dave Ramsey, you rock dude.

[@IsmaAragto]

She is still getting a good deal living with her parents depending on the location. She pays $350 towards rent and the 200+ is her car insurance and her father. So, she is it paying that much to be honest

[@mkw9999vr]

Dave is so motivational, so sweet to hear him inspiring her to get out of the hole

[@waitszappacollector]

Where is the cost of living that cheap? To rent a two bedroom apartment in Northern Colorado is easily more than $1200.

[@bojan80]

Dave room in New York is $700 minimum , what she pay is not too much

[@jonnyweber3311]

$650 a month for rent is soo cheap in Miami Florida.

[@nataliaportal5346]

I just started watching Dave Ramsay about two weeks ago and listening to this segment I just laughed. If I made $3200 in take home pay, I’d be making leaps a bounds in paying my debts off! Admittedly, I’m in $91,000 deep in debt with student loans and credit cards and only making $1500 take home. I can’t make progress for lack of income which I’ve been working on for the past six months. I’m now moving back home (not a great thing, my mom is the one to really rack up my credit cards and ‘forced’ student loans on me) and I’ve gotten some good feedback for some places I’ve applied to. If not, I’m transferring with my current company anyway, and I have history with another company I should be able to pick up some extra shifts at. If I was taking home $3200 I’d be in great shape! This girl is spending too much on food and entertainment and the stupid car and insurance.

[@nightreader1264]

See if your parents will reduce the rent to 100.00 with you putting the extra 200.00 towards your debt.

[@smithraymond09029]

"I found out...." Not even paying attention to her money.

[@jamiechang1561]

This caller can do it. Her debt isn't extremely high. If she can self discipline at cutting things out then she can do it. 😁

[@tatianamatrosova8463]

$600-$700 room is average price where i live

[@contrerasmcr100]

probably bay area huh? i live 1 hour from San Francisco and that's the average for a dumb room.

[@AquariusBeam]

A 2/2 apartment even in Atlanta starts at $1400 a month - and that’s not the nicest of places. He’s so out of touch on current rents.

[@xaeon_thesandbox]

I'm 26 yr old I live in canada,,making 2000 /m,,500 rent no debt,,just phone bill 65/m, and invested 8k on my porfolio in individual stocks just starting this january this year(2020),,i live frugally,,living with my parents,,Im studying finance online and marketing to learn new skill sets and hopefully increasing my income 2 to 3 years from now..and I know I can..I jusr need to learn and advice from people like Dave whos been there on that journey,,thank u Dave!

[@SavageBunny1]

A studio in a nicer area in San Diego is around $800-$1000 a month, 2 bedrooms start around $1,500.

[@Izzywizzy74]

2 bedroom for $1,500 in San Diego????????????? is that an apartment - I doubt it is a house... I would move straight there..

[@Gitanarosa]

This happened to me when I was in my 20’s I had no idea how bad it was until I put the numbers on paper.

[@annemarre]

LOL I wish renting a room cost 650. It cost at least 1300 where I live.

[@cynthia_artistpro]

Hi Dave, I would like to ask, What do you know about old people being scammed by car dealerships in Washington where the state law protects the car industry in fraud? I know personally, of one man who died a few days after signing on the dotted line while under their sweet hand holding. If you respond, I will tell you more. Who will help the old, unwary uneducated victims? Would you be able to speak out for us?

[@bestly802]

depends if she gets free food and utilities from her parents. If she lived on her own she would have to buy food/groceries to be fed 3 times a day and utilities which can be another couple hundred. A studio in Florida is about $550/mo. I'd stick with $650/mo rent from my parents if I'm fed and I have water, electricity, internet. Lets not forget furniture too. If the apartment is furnished, it will cost more. Who knows, she might be borrowing her parents car too.

[@jennym007]

I completely agree. Dave however was talking about a share house situation where someone has a house and they just rent out a room. It can be a lot cheaper.

[@thecatnextdoor12]

Where can I get a studio for $550 in Florida?

[@janebaker4912]

if I worked 43hours I couldn't work any more than that! Dave suggestion of waiting tables... do you know how physical that job is!!? exhausting!!!

[@user-pf4gh6ys7i]

if she doesn't have kids it's definitely doable. if she wants to get out of debt fast that is...

[@jobdoneright5934]

Jane Baker poor snowflake

[@InDatParish]

If you think 43 hours a week is too much, wait until you get into the real world

[@yourdashcamguy]

U kidding right? I’m 24 and I’m working nearly 60 hrs for DHL and making good money.

[@TeKnoVKNG23]

I worked retail on weekends for a year and a half to get myself out of hole. 50-60 hours a week at my normal job, another 16-20 on the weekend at a sporting goods store. Would go 20-25 days w/o a day off. It sucks, but being in debt sucks a lot worse and if you want to get out of it fast you will make the sacrifice and realize why you are doing it. Completely worth it at the end of the day when you see your debts going down much faster.

[@mtnmann72]

$650 for rent is cheap in Miami , but I paid $350/month for a mortgage for 15 years in PA.

[@LMD622]

My brother lives with my mom, he share bills with her, they build the house together (they live in a 3rd world country). I think I never understand why in US your kids pay rent if you live with them? If weren’t because of my brother she will feel depressed because I live here in US, her salary was never raised, she is now retired and my brother started to build the second floor. He has two cars. They enjoy each other and the dogs. Can somebody explains to me?

[@theimperfectscrapper5313]

How do people not know how much their credit card debt is? I can’t understand it.

[@alfienykabutler5919]

6:38 This guy is the budget whisperer!

[@chandreewhale3444]

I tried to order the baby steps starter bundle from the link below the video but it seems only people in America can buy it. Is there anyway I can buy it online to get shipped to New Zealand please

[@IslandFlyGal]

chandree whale I would love to visit New Zealand .. maybe it’s only in the us

[@paulinoaz]

She needs to stay there, if she moves out she will get to drop her dad's insurance but she will pay more then $350 in rent AND she will add in utilities and be worse off. She needs to stop the student loan payments and that should save her about $1000/month and then she can have her car paid off in 4 months. After that she will have $1350/month to pay off her $15k in CC bills

[@TheEpiq225]

After she mentioned her age, by the look and the hard swallow from Dave...she suddenly became his daughter. Dave truly cares for people!!