Handling Messy Money Situations (Hour 1)
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How do I handle bills after calling off an engagement?
Live from the headquarters of Ramsey Solutions, broadcasting from the pods of Moving and Storage Studios, it's the Ramsey Show, where we help people build wealth, do work that they love, and create actual amazing relationships. Rachel Cruz, number one best-selling author, Ramsey Personality, host of the Rachel Cruz Show, co-host of the Smart Money Happy Hour. My daughter is my co-host today. Open phones at 888-825-5225. That's 888-825-5225. Chase starts this hour in Seattle. Hi, Chase. Welcome to the Ramsey Show.
Hey, Dave. Thank you for taking my call. Sure. What's up? Just a quick question for you today. I recently got out of an engagement, and I'm trying to figure out how to handle the budget after the fact. Wow.
What should I do if I get laid off while working the Baby Steps?
I'm sorry. That's a big decision.
Yeah, it's been really hard, and I think it's one of the hardest things I've ever done, but will be one of the best things that I've ever done at the same time. What happened? Before we get into money, my biggest thing is I just want to make sure I do the right thing. I was just having doubts, Dave. And I shouldn't have doubts about the woman that I want to marry. And so I don't think that was fair to her. And I don't think it was fair to me either. And things ended great. You know, it was a very mature decision on both our parts. Um, and now, you know, now we're trying to handle the budget. And so I'm trying to figure out how to do that and how to do this the right way and Find that closure and just do the right thing.
Give us the details.
What should my fiancé and I do with our homes when we get married?
What are the bills outstanding that need to be covered and who thinks they ought to cover what?
Yeah, so that's where it gets interesting. So the bills paid just for the wedding so far, it totals $5,360. And when I reached out to them to try to figure out, hey, how do we handle this? They said, okay, well, the dress that we purchased is non-refundable. And we're going to keep that. So we'll subtract that from the total of $5,360. Who is they? That would be her and her parents.
Oh, okay. Yep. Okay, so the bills already paid are $5,300. Yes, that's correct.
Who paid those? Her parents did.
Is it wise to pause investing while saving for a house?
Okay, all right.
And the dress, she said, is non-refundable, so she's going to just keep it. So how much was that?
The dress was $2,000. Okay.
So you have $3,300 left.
Yep, exactly. And they think that it is more than reasonable that I cover the remaining $3,300 on my own. Because you were the one that broke up. Exactly.
What do you make? I make $78,000. How much money do you have? enough to cover it how much money do you have maybe five thousand bucks okay how old are you 23 years old wow what's your gut say chase what would make you feel right yeah um let's see
I think there's two truths to this.
What are the signs of a bad leadership at work?
A lot of me just wants to.
No, there's only one truth, but there's two viewpoints.
Yeah. Right. A lot of me just wants to pay it and be done with it. And, you know, that way they don't have anything negative that they could say about me in the situation. It would, you know, I don't think it's about the money at this point. And I think it's more of just kind of a jab at me. And, you know, I'm trying to pay for a master's degree right now, too. So that would be tough. But at the same time, it's just money. And so if $3,300 is what it takes for... just to be over with and for both of us to find that closure, I think so be it. But, you know, I don't know if it's worth the time to try to negotiate and like, Hey, maybe we should just split this in half, you know?
Yeah.
How long should I stay at a company with poor leadership?
Um, here's the thing. I would not make the decision based on what they think or what they're going to say about you in the future.
Yes. Yes.
Okay. I would make the decision about what is the ethical, correct thing to do from your position and whatever their opinion is, is just going to be their opinion.
Mm hmm.
like it or not okay but you can't buy there let me just tell you you break up with my daughter while you're engaged you're probably not going to give it ever give me enough money to make me really love you think about it right so i mean think that you're just not going to buy that right
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Chapters
8 chapters
1
How do I handle bills after calling off an engagement?
0:27–1:20
2
What should I do if I get laid off while working the Baby Steps?
1:20–2:03
3
What should my fiancé and I do with our homes when we get married?
2:03–2:47
4
Is it wise to pause investing while saving for a house?
2:47–3:49
5
What are the signs of a bad leadership at work?
3:49–4:32
6
How long should I stay at a company with poor leadership?
4:32–6:01
7
What are the financial implications of breaking off an engagement?
6:01–7:05
8
How can I find closure after a breakup and manage finances?
7:05–38:35