The Ramsey Show Highlights $250,000 In Debt and Can't Agree On How To Get Out Of It
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Jan 9, 2026 In this episode, a caller seeks guidance on tackling $250,000 in consumer debt, dissecting his financial predicament involving child support and legal fees. He shares the burden of various debts, including student loans and a 401(k) loan. Dave highlights the risks of co-owning a home without marriage, emphasizes the importance of commitment, and suggests a tough love approach to budgeting. The conversation culminates in a plan to drastically minimize expenses and prioritize aggressive debt repayment, making way for a more secure financial future.
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Caller’s $250K Debt Breakdown
- The caller outlines about $250,000 in mixed consumer debts including loans, car, and legal fees.
- Their household brings home roughly $11,000 monthly after taxes and child support deductions.
Don’t Buy Big Assets With An Unmarried Partner
- Avoid buying a house or large items with an unmarried partner because risks are high.
- Get legally married before combining major purchases and finances.
Ongoing Legal Fees From Custody Battle
- The caller has ongoing legal fees from a decade-long fight over child custody and support.
- These recurring legal costs compound their cash-flow pressure and debt load.
