My Expenses Are More Than My Income 

I wish I made $3200 and only paid $350.00 rent, I would live like a freaking KING.

My 2 cents!!! Helping out her parents is a blessing for both. $650 a month for rent and utilities is not bad at all.

Clothing should NOT be a category. 15K in credit cards I imagine some of that as clothes. If her closet is practically full, I'd sell those on Poshmark and keep what is worn to work daily. only buy shoes when needed etc.

Great Video Dave. Thanks for all that you do. I've paid off $42,000 so far following your methods. On pace to be debt free by December 2017.

$650 for rent is high? Sometimes I wish I lived in this magical word Dave does. Most places, especially big cities these days, you're lucky if you can find a 1BR under $1000 even miles from the city.

I have watched a lot of Dave's videos, but this is definitely off the mark. Paying $650 a month for rent is not the problem; in fact, it was the only thing that was not a problem! Things could have gone far worse if she rented elsewhere. Her main problem is the credit card debt, which goes hand-in-hand with discipline and spending problems. I paid a higher rent with a slightly higher monthly income, but still manage to save over $1,500 a month, on top of contributing to both retirement and voluntary retirement plans.

$650 is not expensive. Theres almost nowhere where I live that is $650 unless you want to live in a run down studio in a bad neighborhood. No thanks! id rather pay $650 to my parents in a nice house & better neighborhood.

She's living in Miami Dave. 650 bucks a month is ascheap as it gets

"It's about ____" " I wanna say", "I'm not sure" - Why do they call when they don't know answers to the questions Dave asks EVERY TIME?

love this guy..2 more credit card payments and im done. never a credit card or car loan again. i still have mortage and i am going to use the snowball method to pay that off asap. FREEDOM

For Miami 650 dollars a month in rent is heaven sent

He’s crazy! 650.00 is CHEAP for rent. When was this tapped, 1995??

Did Dave just say $650 a month is expensive to live with roommates? Lol in California you’ll be lucky to have a room with a shared bathroom and kitchen with 4 people for $900+

Some people spend on things they don't need just to impress people who care less.

I worked at Mcdonadls full time and was able to move out of my parents and afford a $650/ month apartment! I had zero debt and took home about $1500/ month. I owned my car and had no other debts. I lived simply and was still able to furnish my apartment and eat out once a month.

A studio in alabama is $450/month, $800/month in philly, 2,000/month in NYC

I don't know about you guys, but making her pay her father's insurance is kind of taking advantage of her, specially considering her situation. I'm all about her paying rent, but come on...

I have a friend who comes from a wealthy family. They’ve paid off his college (80k), gave him a down payment for his home, he makes more money than I, and yet he asked to borrow $200 from me. So sad.

Paying $350 for “rent” and still cant save money... adulting fail.

I wish my income was $3200/month! Lol, try having an income of $1200/month or less

Student loans can be deferred for a year or more btw. They can do it with a call and it happens ASAP.

Listening to these calls and hearing Dave’s passion and vision for the callers really keeps me going. It’s like he is working out the math in his head and he KNOWS this is doable, he just has to convey that to the caller. I think this caller got it. Sometimes the callers don’t get it but we as listeners end up getting it. It’s nice to see here that it is all clicking for the caller. She got it and we got it too :)

I know this is a year old episode, but paying ~$600 for rent is a good deal in Miami. Finding a place for that amount is impossible, even if you moved out and found a roommate. Aside from being a Hispanic cultural thing (living with parents until they get married), it's not feasible for recent grads to move out unfortunately in that city. This is from someone who lives there.

drinking game...every time she says 'about..' hit it

I have two roommates and my portion of the rent is $1250 🙃

25 with all of that debt?? Holy cow.... funny I'm turning 25 tomorrow. She makes 3200 a month? Wow i would be moved out in 2 years tops.

Man if I only had to pay $350 a month, I would be loaded.

If I would give my parents $656.00, I would think that they would feed me ;)

650 is cheap tbh, here in miami dade we got efficiency studios going up to 1000$ a month!

i grew up in miami the whole city sucks best thing i did was move

Did she say $1600 for combined student loan and credit card payment? what? this doesnt sound right.

“Roommates don’t have $650 rent?” Where is Dave living in this world? Come to Massachusetts. Average room $1000, average apartment rent $2000-2500. Try to budget here.

Because she's paying her parents so much for rent, is it safe to assume that hey too are struggling financially?

Its so hard to work 1 job anymore especially in north east usa U have to work 70 hrs a week or so

Love all your video's Dave your doing an amazing job keep it up you legend.

Yeah Go move out the parents place that is probably safe and secure in a single family residence And go out and have a crazy roommate in a dangerous apartment complex And There was zero mention of utilities So add that into an apartment There are NO savings with that plan No!

Still watching every video to find a way out! At 63 I was laid off and have only been able to find a job paying half what I used to make. Already cut out every amenity and work a part time job too. I have exhausted all my options with turn downs on a loan modification , home equity line and refi. Don't know what else to do at this point.

She lives in Miami. $650 is a DEAL here! I can't imagine hown much better she can find in rent here.... would love to see where she finds something cheaper in this city!

In Miami $650 is UNHEARD of. Even for an efficiency.

Dave is so motivational, so sweet to hear him inspiring her to get out of the hole

Her situation was bleak but I love how encouraging you were

6:33, I've never seen Dave say no so fast 😂😂

Does Dave realize the average rent today is $1400? Her $300 insurance includes her own as well so not paying for dad would only gain her $100 or so. It's best to stay home while she can get on her feet. A roommate is going to be more expensive! Not to mention rent goes up every year.

I used to make 10/hr and bought my first home that was 50k but negotiated it and purchased for 35k. I now make 14/hr and I'm doing just fine. For those who say you are struggling and cant afford a house really need to figure your self out. Live below your means and only buy what you need. Dont finance things unless it's a mortgage. Pay cash for everything else. Dont get credit cards. Dont have kids at a early age.

So glad that I read Dave's book Financial Peace and others like it 20 years ago! I have had zero debt for years, not even a mortgage payment! This allowed me to get through a 1-year period of unemployment a couple years ago without touching my retirement savings and, thank goodness, not losing my home in the process. I'm dating at this time and it never ceases to surprise me how many women in their 40s or 50s are in terrible financial shape. Some of the ones who think they are doing well are actually not doing much better than treading water. They might even be earning twice as much as me but between spending on consumer goods and servicing debt they have nothing to show at the end of the month. Considering that women live longer than men, they really need a wake-up and reevaluate their situation.

I disagree with Dave on this. He must not have any idea how expensive rent is these days. She said she paid insurance for both her car and her dad’s not only his. So her total rent should have been 500 not 650. Her car payment is the same amount that her parents charge her. And 15k credit card debt? Sighs

As a Moroccan, i am abolutely appalled at the fact that she has to PAY to her own parents rent to live at home. My parents would be overjoyed to have me stay with them here forever and never move out. Any other financial trouble that my parents have ( that they can't deal with themselves ) i can pay, but using your child to pay your bills sounds completely ridiculous to me. Is that a normal thing in America ?

I saw a news article that teachers did not make enough to rent near their school (in Miami) and I can understand why her rent expense is higher than other locations. Cost of living can also be inflated due to location and that can affect more things others cannot understand... Just cut spending and it will improve her situation.

He should have separated her insurance from his cause her rent is not really not really 650 cause part of that is her insurance. And $650 in rent is good depending on where you live. Sure is in Los Angeles...

Even in an expensive state like California, $3,500 is a good income for a single person with no children! She'd be fine if she didn't choose to get a new car with expensive insurance and saddle herself with student loan & credit card debt. If I made that much, I would have been out of my parents' house WAY before I had a fiancee to share expenses with.

my income is similar and rent is higher (living in NYC) and I have money left for food, transportation, and utilities. I cut cable and some entertainment and was able to save up for the emergency fund and payed 3 cards already ( BS #2 half way done, onto school loan yay) I think she should stop paying her father's insurance, she's already paying them rent. She needs to budget better and make her own meals, somethings not right lol

These credit cards are out of control. How do ppl get themselves into these messes???

Miami is rough. Jobs don't pay here. I wish her all the best

650...of rent to live with your own parents. you can definitely find a room within a house with other roommates for cheaper than that where you are. I live in Michigan, where cost of living isn't high, and even living in one of the more expensive cities (grand rapids) it's possible to find a better deal.

How do I pay my bills properly ?. Meaning should I pay in half every two weeks or pay full ?.

"Roommates don't usually have a $650 payment" Yeah well go to CA, NJ, NY, etc where 2 bedroom apts are north of $2k or $3k a month.

thank you Dave

Parents charge their kids rent in the USA? woow

Hi Dave, I would like to ask, What do you know about old people being scammed by car dealerships in Washington where the state law protects the car industry in fraud? I know personally, of one man who died a few days after signing on the dotted line while under their sweet hand holding. If you respond, I will tell you more. Who will help the old, unwary uneducated victims? Would you be able to speak out for us?

Paid 60k worth of student loans with your inspiration Dave. God bless you!

Credit Cards put me in a very bad situation, because I am not that wise to spent with unnecessary stuff.

What is the amount per week I should be spending on food, gas and misc. for a family of four?

I wish her parents would charge her less and pay their own auto. she's struggling!

Bruh buy only from clearance rack. Or go to Ross. Simple fix

I live in south FL. I wish rents were that cheap! I pay 1450 on rent!!! Its ridiculous.

Such great advise. Love it.

If she pays off the car the insurance might go down too, she can drop all that extra coverage required when financing assuming her lender required it. In Florida for me insurance is $250 compared to $130 here in NC, that’s bare minimum of you don’t deny uninsured motorists in writing which doesn’t save all that much.

Hearing about these people's rent makes me so jealous. I hate Chicago lol. Can't even find a decent 1 bedroom for less than $1350.

6:38 This guy is the budget whisperer!

what is that phone case 😂😂😂

Financial Peace University?... I'm on government cheese. I got ran over by a car at a young age (16). Suffer brain damage. They/Government gave me disability and then switch me to SSI low-income hmm. Anyways, I"m thankful that I'm alive and thank God I've came a long way from the wheel chair. I am actually walking now and learning to read a few chapters per day thru prayers and bibilical readings. I like Dave's straight forward honesty about life...You're the only one that is responsible for yourself and your finances. Long story short, I don't place my trust on family friends reguardless how long I've known them ( people change ) I would like to attend Financial Peace University but I have financial struggle at the moment. I am taking a class per semester with my city community college. I am NOT going into debt to attend Financial Peace University, but I would like to know how much does it cost? I'll save my emergency funds first and then attend. If that's possible. thank you Mr. Financial Pharoah Ramsey :)

This happened to me when I was in my 20’s I had no idea how bad it was until I put the numbers on paper.

I'm 26 yr old I live in canada,,making 2000 /m,,500 rent no debt,,just phone bill 65/m, and invested 8k on my porfolio in individual stocks just starting this january this year(2020),,i live frugally,,living with my parents,,Im studying finance online and marketing to learn new skill sets and hopefully increasing my income 2 to 3 years from now..and I know I can..I jusr need to learn and advice from people like Dave whos been there on that journey,,thank u Dave!

Great video

I tried to order the baby steps starter bundle from the link below the video but it seems only people in America can buy it. Is there anyway I can buy it online to get shipped to New Zealand please

i would die if rent was only 650 where i live. and thats NOT including the utilities

Dave, 650 dollars rent in MIAMI IS A BLESSING !!!

What's would you recommend? I'm a preschool teacher making a average $1, 400/ Month... My rent is $920 / month.... I am unable to save 💰 aside nor have $$ by the end of the month SMH...

$650 a month for rent is soo cheap in Miami Florida.

I lived in Miami dade. It’s crazy expensive best decision I ever made was getting out of that city.

Yeah

LOL I wish renting a room cost 650. It cost at least 1300 where I live.

The big problem is rent for everyone. I bought a multi unit in my twenties and lived rent free for eight years. No rent no car note lifestyle is the way to go.

In Miami $650 its actually cheap. I seriously doubt she'll find anything less expensive.

She is still getting a good deal living with her parents depending on the location. She pays $350 towards rent and the 200+ is her car insurance and her father. So, she is it paying that much to be honest

Dave Ramsey, you rock dude.

A 2/2 apartment even in Atlanta starts at $1400 a month - and that’s not the nicest of places. He’s so out of touch on current rents.

Where is the cost of living that cheap? To rent a two bedroom apartment in Northern Colorado is easily more than $1200.

"I found out...." Not even paying attention to her money.

Hey Dave, where can I see your full shows? Or are these clips all there is?

Omg is this Ariana from my Instagram ? Hey girl!🥰

So can relate to this woman's problem :/

$600-$700 room is average price where i live

A studio in a nicer area in San Diego is around $800-$1000 a month, 2 bedrooms start around $1,500.

No matter what my income is,I will live on less than it no matter what I have to do. Even if I have to get rid of my car,the internet whatever. That's the golden rule, live on less than what you're making

40K in SL to be in sales

Dave room in New York is $700 minimum , what she pay is not too much

I'm a little surprised Dave didn't ask her more about her credit card debts.... like what she was buying. But things aren't quite adding up. The totals she gave for her student loan and credit card payments don't match the balances she claims. Monthly payments on $38k in student loans should only be around $600. The highest WORST CASE SCENARIO for the Minimum payments on $15k in credit cards is only $750. Its as if there's an extra $10k in there she isn't mentioning. Also, it's unlikely that she'd be better off moving out at the moment. That $650 towards "rent" includes her car insurance.

I saw the title and my first thought before I clicked it was: "They should sell the car."

Her dad is taking advantage of her.