I'm Broke And Don't Know What To Do

[Music] brought to you by Chm a biblically based alternative to health insurance learn more at chmin ministries.org/budget i'm 56 years old and first of all thank you for taking my call you bet um I'm 56 years old and I have four grandchildren that I am now raising oh my i was in a perfectly good situation before I got the kids i had you know money in the bank i was working for an airline and I was doing really well and I got the call either come and get the kids or to go into state oh my goodness oh no so needless to say I came back oh and um I had to spend everything I had and um I took the kids got a place as quick as I could cuz I I was I gave up everything to travel my husband passed away my husband i mean my mom passed away so it was like it was only me you know so here I'm going to live my life and uh so I had to come back and I had to try to get a home i had to try to get the furniture i had to try to get you know and I was getting all this to keep them out of the system and now it's been five years and I am like broke i don't know what to do oh Sarah sarah well first of all you are such an amazing grandma i'm telling you um you stepped up and um we're going to help you we're going to help you so give us the scenario where are you at fin where are you financially are did did you did you acrew any debt a lot um walk us through that i went from having I went from having 63,000 in the bank and was going to put more you know as I was traveling sure but all that's gone because I had to get a lawyer i had to get the house i had to get furniture i had you know and it was just I I spent it all okay i get it it's okay we want to get you out of this what are what's your debt well from that real quick Sarah tell me where did you used to live where did you travel from and where do you live now i live in um Georgia now um and when they called me I was in Paris paris oh I had France paris France yeah but I was traveling i didn't live anywhere i didn't travel got you okay i was confused about that so now you're in Atlanta how How old are these kids these kids the youngest is six um then there's 8-year-old identical twin boys and then a 12year-old little girl okay okay she's got a ways to go now do you have full custody of them now and all that's settled so no yes all that settled and Okay all right and now it's all on me so I'm mama you know basically what are you What are you doing for work you're not doing the travel agent thing anymore no I can't i was working with a local company and then they let me go so I went from having um around 4,300 in income down I mean from 6,500 have income down to 4,300 and this is where I I lost it this is where I'm I'm like losing everything because I don't have enough so what what are you doing now what for work petsitting i'm doing petsitting i go to people's houses and pets sit the reason I don't do a regular 9 toive type job is the kids are special needs okay yes is that why you lost your job before that is Yes that is the reason why I lost my job okay so you're in Georgia is there anybody is it It's just you and these kids there's no other family you mentioned your mom passed yeah no other family it's just me and how many of the kids have special needs all four okay they they were born on drugs bless their heart and And so a lot of medical stuff still going on a lot lot of medical and a lot of uh emotional behavioral okay and so where's where's where is most of your money going is it for therapy and and the medical stuff i'm guessing that's extremely expensive yes that well they do get Medicaid thank goodness for that you know that does help okay but most of the money now since I had to get a mortgage it goes to the mortgage and I had to get you know the mortgage right now is off the chain so when I got the mortgage I do I do a 6.25% now and my mortgage is $1,748 a month that's most of it right there and is it a house just the mortgage yes it is a house okay whereabouts uh actually I'm in like southwest area of Georgia yeah and the reason I I'm asking because I know that area very well i lived down there for a long time so I'm just curious so you're you're south of the airport i am yes i am uh like near Albany okay gotcha all right um All right let's walk through the debts really quick cuz we don't have a ton of time left and we're going to get you some help here but let's give Jade a quick snapshot of your total debt uh we know the house well let's just quickly get that how much is how how how much is the house worth today do you have any idea versus what you owe it's worth it's worth 235,000 and I owe 217,000 okay so you don't have much there okay and now go through the rest of your debts smallest to largest uh credit card debt i got several of those all of them together is around 6,100 um I pay 3.85 a month okay okay uh furniture bills I pay 878.47 a month is that a Is that a one-time purchase the furniture bill you just put it on the loan or is it something that's like a rent to own deal it's it's sort of like a rent to own deal okay how do we get out of that cuz what are you paying a month 8.47 okay 847 a month now how is there a way to get out of that because that's going to be a revol like you're going to be in that forever if we don't if we don't get out of it now and that's a lot of money yeah it's it's another year on it 47 a month i don't know how okay that's your homework one of the things that I want you to do getting off of this call is to find out how I can get off of this because this for a whole another year is a lot of money i'd rather you just go over to Walmart and make it happen for for $847 for in one month than to continue paying this um how much furniture does that include all the beds the couches the kitchen table it includes everything in the house i had to get something so this is how I did it and then after the year you'll own it yes okay um it's 5,229 total to pay it off okay keep going down the debt what else do you have um I have um basically that's all the debts is the furniture bill and the credit cards and then my stupid butt got some payday loans i'm going to work on getting What do you owe on the payday loans 2400 total 1320 a month okay so yeah you're right those payday loans those will suck the life out of you so I want those at the very very top of the list do whatever you can to get those things out i I really really want and I know that this doesn't happen overnight but if you find the right folks it can i really want you to get plugged in in a church or into some community because you can't do this alone you abs I mean you are running on fumes already so you've got to get somewhere and you've got to tell your story that's right and you've got to let people hear what's going on people who care i want you to get to a local church i want you to get plugged into a life group and I want you to start saying what's going on because anybody else that hears that is going to go if you came into my life group today I'd be like what can I do instantly do you see what I'm saying so getting people around you is paramount to making this work okay um and by the way because we're running out of time I want I want to set her up Christian with one of our financial coaches please let's get it let's let's gift her a session so that there's just a little bit more time and and they can help you with a plan because we just cannot cover all of this in the in the small time we have with you secondly uh Christian you've done this before also let's uh figure out what churches we know in the area where she lives specifically we will also make some connections to this church for you or churches and I cannot say what Jade said is absolutely the number one thing you got to do right now now the coach will help you our coach financial coach will help you uh and come up with a game plan but you've got to go tell your story cuz people's hearts will break with yours and you will get help you've got to be okay to say "I need help." No shame in your game Sarah you stepped up you did what you did no one's judging you including us anybody Everybody just wants to help some help yeah so hang on line christian's amazing he'll take good care of you sarah help is on the way keep your chin up there's a plan this is the Ramsay Show chm isn't health insurance it's a health cost sharing ministry check it out for yourself at chmin ministries.org/budget org/budget