$30K Debt & 6 Kids: You Won’t Believe WHY This Family Is Broke!
How can a family with a combined income of over $100,000 annually have zero savings and $30,000 in consumer debt, including collections? This shocking reality was revealed when Kim from Detroit called the Ramsey Show, pregnant with her sixth child, seeking help to afford a larger vehicle and home renovations. Despite making over $2,000 more than their necessities each month, co-hosts Ken Coleman and Jade Warshaw uncovered that careless spending, particularly on DoorDash, and her husband's impulse purchases led to their financial crisis. They emphatically stated that taking on more debt for a new car or house expansion was not an option, instead urging the couple to prioritize saving and responsible spending to escape their dire situation. Learn how to avoid these common money pitfalls and more by subscribing to our channel for expert financial advice.
Tags/Hashtags: #debt #budgeting #doordash #kim #doordash
Leave a Reply