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Ditch Your Debt and Get Back to Peace
The Ramsey Show
Financial Evaluation for Housing Options
The speaker explains that after fees, one could net $140, which might clear all debt or provide money to switch cars, pay off credit cards, and student loans. They discuss renting a two-bedroom apartment, which hasn't been priced due to having five dogs. Renting a house would cost around $3,000 a month, not changing much for them. The possibility of buying a house is dismissed, as a down payment and three to six months of expenses are necessary, and their debt to income ratio is not favorable.
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