The Ramsey Show

He's Behind On His Bills and Wanting to File For Bankruptcy

Nov 13, 2025
A caller grapples with $30,000 in debt and the dilemma of filing for bankruptcy. Another single mom discusses tight finances and ways to boost income. A couple faces accusations of financial control, prompting advice on transparency. Listeners explore using kids' college funds to pay debts and the risks of building an expensive house. A nurse weighs the benefits of military loan repayment against student loan payoffs. Lastly, rebuilding trust after financial lies is addressed, emphasizing the importance of transparency in relationships.
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ADVICE

Budget And Attack Debt With Snowball

  • Use a detailed budget (EveryDollar) to list income and every expense so you can see true margin.
  • Use the debt snowball: pay smallest balances first, roll payments to build momentum and become debt-free fast.
ADVICE

Fix Income Before Cutting Essentials

  • If income can't cover essentials, create more income rather than slicing essentials thinner.
  • Consider moving to a lower-cost area or getting help from family temporarily to free cash flow.
ADVICE

Restore Financial Transparency In Marriage

  • Share passwords, transparency, and regular check-ins to fix spouse concerns about financial control.
  • Start emotionally: discuss shame, history, and invite your partner into money decisions gradually.
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