Navigating the Challenges of Overwhelming Debt

This chapter discusses the struggles of managing overwhelming debt, particularly from payday loans with high interest rates. A caller shares her personal experience, prompting an exploration of budgeting strategies and the significance of addressing debt for financial recovery.

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🤔 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Think you’re good with money? Take our Money in America quiz!⁠⁠⁠⁠

Dave Ramsey and George Kamel answer your questions and discuss:

"My husband and I disagree on how to pay off our car"
"How do I trust that my boyfriend will stay out of debt once we’re married?"
"How do I wisely use a $350k settlement?"
"My mother-in-law was scammed out of $150k"
"Should I pay my mom's Parent PLUS loan now that my mom is filing for bankruptcy?"
"How do I get out of over $825K in real estate debt?"
"Should we sell our house that is financially crushing us?"
"How do I pay off credit card debt from a stock investing training?"
"How can I get my husband to work with me as a team on our debt?"
"I borrowed money from a family member then I found out he had stolen it. What should I do?"
"My girlfriend isn't as motivated as I am. Should I stay in the relationship?"