85. “I thought she was going to die, so we spent all our money. Now we’re broke”
Money For Couples with Ramit Sethi
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How Much Debt Do You Need to Pay Off Your Debt?
We'll answer 400 dollars per month towards our debt. Can you do that? I think so. So now we're, oh my God, we're at $2,174 a month, 14 months to pay off your debt. Notice I did not factor in the boat. Should I do the boat? I mean, I'm going to try to sell. All right. Let's do the boat. We don't need a boat with this much debt. Now you're at 13 months to pay it off. Plus, honestly, it just simplifies your life. Less payments. If one day you guys have so much cash, you don't even know what to do with it.
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