Sierra / Michaela
Appearances
The Ramsey Show
There’s Always a Way out of a Financial Spiral
So my truck is about $550 a month, or my car is about $550 a month. His truck is about $817.
The Ramsey Show
There’s Always a Way out of a Financial Spiral
So monthly on all the credit cards combined, it's about $344.
The Ramsey Show
There’s Always a Way out of a Financial Spiral
So, yeah, it's it's somewhere in between there. He's looked. I've looked and I'm like, I don't know what to do. We're going to have to pay out more.
The Ramsey Show
There’s Always a Way out of a Financial Spiral
Good. My question is, we recently found out through my sister-in-law, my husband and I, that there is inheritance money we did not know existed through my husband's parents who got it from his grandma. And he's one of nine siblings, and all of them have used, that we know of, have used that inheritance money for paying for grad school. And we did not know this was available.
The Ramsey Show
There’s Always a Way out of a Financial Spiral
We paid our way through grad school. And my husband graduated about three years ago. And we are in between baby steps three and four, trying to save up for a house. And so we feel a little, I don't know.
The Ramsey Show
There’s Always a Way out of a Financial Spiral
We're not sure. It just slipped through my sister-in-law this past weekend on a family trip that grandma's inheritance money paid for... her husband, my brother's, um, my husband's brother to go through grad school. And we asked, Oh, is this the same for all other eight siblings? And she said, yeah, you guys didn't know.
The Ramsey Show
There’s Always a Way out of a Financial Spiral
Yeah, I guess that was part of my question. We have not approached him yet. Because I don't want to come across as.
The Ramsey Show
There’s Always a Way out of a Financial Spiral
Um, it's possible. Um, I guess that's part of the issue is, um, they're quite a bit younger than us and they own two properties and We are like... No, no, I get all this.
The Ramsey Show
There’s Always a Way out of a Financial Spiral
I would have questions, but I honestly don't think I'd have... I wouldn't ask any further. Okay.
The Ramsey Show
There’s Always a Way out of a Financial Spiral
Hey, how are y'all doing? Good, how are you? Doing good. So me and my husband, we're actually in Baby Step 2. We just learned that his parents have money put up for us, so we're about to be able to...
The Ramsey Show
There’s Always a Way out of a Financial Spiral
wiped out all of our credit card debts um and i've heard you guys say just put the cards up or shred them um do we just like let them fall off of our like credit or do we close them we're both a little iffy on that part cut cut them up and close them do the both done okay you don't need them anymore how much money is this that you're getting
The Ramsey Show
There’s Always a Way out of a Financial Spiral
So right now it is $14,000, but then they're going to add an extra $4,000 on top of that.
The Ramsey Show
There’s Always a Way out of a Financial Spiral
It is. It definitely is. My husband has the company that he works for. He has got his parents' company in to do some work for the company that he works for. So they've been doing really well working together. And so this is just a thank you to him.
The Ramsey Show
There’s Always a Way out of a Financial Spiral
Right, yeah. So the only credit card debt that we have is about $8,000. On top of that, we have two car loans, a side-by-side loan, and then personal loans. So the rest of that will flow over into our next one, like the baby steps. We're going to take all of those credit card payments and just...
The Ramsey Show
There’s Always a Way out of a Financial Spiral
So what's going to be left is about $127,000. But that includes the house. No, we rent.
The Ramsey Show
There’s Always a Way out of a Financial Spiral
Yes, so the side-by-side, we still owe about $20,000 on. Okay. What's it worth? My car. I have no idea. My husband deals with that. Okay.
The Ramsey Show
There’s Always a Way out of a Financial Spiral
My car, we still have $32,000 on it, and it's worth about $23,000. Mm-hmm. His truck, we owe $45,000. And I think the last time he checked, it was worth between $18,000 and $23,000. Oh, man.
The Ramsey Show
The Road to Financial Freedom Begins With Hard Choices
So I have a sitter now that's pretty consistent and look at my bank did at like a overview of all my spending and for my dogs, I spent about $10,000 last year.
The Ramsey Show
The Road to Financial Freedom Begins With Hard Choices
How long have you had the dog? Or should I like maybe talk to my sitter to try to see if we can negotiate something?
The Ramsey Show
The Road to Financial Freedom Begins With Hard Choices
How much are you making a year? So my base is around $79,000. Okay. And what's my additional pay when I'm traveling is, I usually, like last year, I think my growth is about 87. Okay.
The Ramsey Show
The Road to Financial Freedom Begins With Hard Choices
But I just also got a raise too. So this year my growth would probably be around 90 to 95,000. Amazing. Okay. How much debt do you have? So a lot. So I have $20,000 for my car. Okay. And then I have a credit card with 10-5 on it. And then student loans is $70,000 plus $5,000 of interest. So $75,000. Okay, so you're right at $100,000 of debt, making $95,000, spending $10,000 on the dog per year.
The Ramsey Show
The Road to Financial Freedom Begins With Hard Choices
Might be going down because you have a new job.
The Ramsey Show
The Road to Financial Freedom Begins With Hard Choices
Yes, but they're excited when they see me when I come back.
The Ramsey Show
The Road to Financial Freedom Begins With Hard Choices
And you guys... Well, so it's not like a consistent, like a storm could happen today or a storm could happen a couple months from now. It's not like consistent. Like right now... I'm in down season, but, like, storm season.
The Ramsey Show
The Road to Financial Freedom Begins With Hard Choices
No, I don't. I don't know. If I track my expenses and just cut everything out, I'm looking at including $200 a month towards the dollars when I'm not traveling, just to build up an expense. Right now, I'm at $2,800 in expenses a month Okay. Because my last job used to give me per diem, so the per diem helped out with the dog cost.
The Ramsey Show
The Road to Financial Freedom Begins With Hard Choices
When I ran it, it was like three, like almost four years with the student loan.
The Ramsey Show
The Road to Financial Freedom Begins With Hard Choices
I've been trying to think of options. I'm not at an area where there's like Uber or DoorDash or anything in that nature. Okay.
The Ramsey Show
The Road to Financial Freedom Begins With Hard Choices
Yeah, possibly could. It's just like they'd be in the house more if I work more.
The Ramsey Show
The Road to Financial Freedom Begins With Hard Choices
Yeah, and I spoil them too, so.
The Ramsey Show
The Road to Financial Freedom Begins With Hard Choices
Yes, I was just calling to inquire. I've been recently addicted to listening to the show, and so I'm wanting to pay down debt and get into a position to invest more. So I had a question in regards to if I should possibly rehome my dog, even though I don't want to, to get out of dog boarding fees when I'm traveling for work.
The Ramsey Show
The Road to Financial Freedom Begins With Hard Choices
Um, so with my new job, I travel a little less than I did before. Um, so probably it just goes with the storms, um, potentially like five to six months out of the year. And I'm usually gone from like 10 to 14 days at a time.