Lauren (Caller)

Yeah, he does.

But he, I mean, he primarily doesn't make any of the purchases that, like, so.

Our farm expenses separate from our life expenses, and I primarily make all the purchases for our life expenses.

Yeah, well, he does purchases for our farm expenses because we have a small farm, but that's very, like, he doesn't make a budget for the farm expenses.

He just knows I need feed this day, I need this this day, and he does it, and he knows how much money he has.

Hi, Ken.

Hi, Rachel.

Love your show.

Excited to talk to you.

So my question is, before I started following Dave Ramsey, I took out a 401k loan.

Now I'm in a situation where I have an amazing new job, which is really exciting, but that 401k loan is due.

So do I pay off the loan or do I take the penalties, which is lower, and use the rest of that money to use towards my debt snowball?

Probably about $3,000.

$3,000, okay.

But that's just, you know, to kind of get us through monthly bills and stuff.

Annually, we net about $215,000.

Okay, yeah, for sure.

Yeah, I'm thinking probably three only because the spouse isn't quite as on board as I am.

Okay, why is that?

$40,000 in a car, $24,000 in student loans, $14,000 in a line of credit, $9,401K, and then the rest is just some little miscellaneous stuff.