Bobbi
Appearances
The Ramsey Show
Go Slow: Never Invest in What You Don’t Understand
What's up? So I'm 29 years old, and back in 2023, after a harsh talk with my wife to manage her spending, we made the decision to get out of debt, and we achieved that. And 2025 was going to be our year that we were house shopping and going to buy our first house.
The Ramsey Show
Go Slow: Never Invest in What You Don’t Understand
And about a month and a half ago, I got a statement in the mail for some credit cards and found that my wife has pulled about three new credit cards and has maxed them out. And we've now accumulated some new debt. She's always had a bit of a spending problem and I thought we got through it and we were pretty happy being debt free.
The Ramsey Show
Go Slow: Never Invest in What You Don’t Understand
Uh, just not quite sure how we have this conversation again and, uh, how to make this thick and be on the journey of being debt free and managing our money. How much, how much debt on the three cards from zero? We've now accumulated a little over $3,000. Okay. And, um,
The Ramsey Show
Go Slow: Never Invest in What You Don’t Understand
Well, she's pretty embarrassed but defensive. Her mother stole her identity at a very young age, and she's never had great finances. We've did a lot to get her out of debt from debt that was accumulated As she was eight years old with utility bills, cable bills, all done by her mother. But we did a lot to do that, and she doesn't want to end up like her mother. How old is she? She's 30 now.
The Ramsey Show
Go Slow: Never Invest in What You Don’t Understand
for her and so does she recognize any of that or is any of that in the conversation yes uh you know we we sat down early on when we wanted to buy a car together and we would like to finance something and she didn't know anything about credit and all that and that's where it was found and
The Ramsey Show
Go Slow: Never Invest in What You Don’t Understand
She was very upset by that, and it came as far as she was actually arrested on felony charges for deceptive practice for a bad check written by her mother, and luckily found not guilty. And that's where the changing point in our lives were.
The Ramsey Show
Go Slow: Never Invest in What You Don’t Understand
My debt, her debt. How long ago was that?
The Ramsey Show
Go Slow: Never Invest in What You Don’t Understand
The check was made when she was 18, still in college. I mean, when did this charge come?
The Ramsey Show
Go Slow: Never Invest in What You Don’t Understand
I absolutely agree in a half-and-half scenario. I know I can have that kind of tendency.