You Don’t Get Out of Debt by Accident—Choose Your Hard
The Ramsey Show
Mortgage balloon payment dilemma
Mike asks about a $50,000 balloon payment; hosts caution against staying tied to ex-wife via long-term balloon and advise selling or refinancing carefully.
❓Have a money question? Ask Ramsey is here to help!
Ken Coleman and Jade Warshaw answer your questions and discuss:
- “I feel let down by my husband’s spending habits?”
- ”We’re in $600,000 of student loan debt and have a baby on the way. How do we work the baby steps?”
- “I keep going deeper into debt because of my spending habits”
- “Our home mortgage is 40% of our income, should we refinance?”
- “How do I talk to my in-laws about the $48,000 my wife owes them?”
- “We offered $24,000 for our daughter’s wedding, they want to spend half of it on the wedding and keep the other half”
- “How are we supposed to pay $2459 for health insurance premiums?”
- “Should I pay off the mortgage incrementally or should I invest the money until I can pay off the house in full?”
- “What’s the difference between sinking funds and recurring expenses?”
- “My wife thinks I’m jumping the gun by getting life insurance for a baby we are planning for”
- “We’re $176,000 in debt, should we sell our cars?”
- “How do I pay off debt and plan for the future as a single mom?”
- “My mortgage has a balloon payment, how do I pay this off?”
Next Steps:
✔️ Help us make the show better. Please take this short survey.
📞 Have a question for the show? Call 888-825-5225 weekdays from 2–5 p.m. ET or send us an email.
🛡️ Protect yourself with trusted insurance coverage that fits your budget.
🏢 Join the Crusade! Apply Now!
📲 Start your free budget today. Download the EveryDollar app!
💻 Need help with your taxes? See who we trust.
💵 Think you're good with money? Take our free quiz!
Connect With Our Sponsors:
- Get 10% off your first month of BetterHelp
- Go to Boost Mobile to switch today!
- Go to Casper Sleep and use promo code RAMSEY to learn more
- If you want your car to keep going and going, trust Christian Brothers Automotive. Find a local shop and get an exclusive Ramsey discount of 10% off
- Learn more about Christian Healthcare Ministries
- Get started today with Churchill Mortgage
- Get 20% off when you join DeleteMe
- Go to FAIRWINDS Credit Union for an exclusive account bundle!
- Debt collectors hassling you? Take back control of your life at Guardian Litigation Group
- Find top health insurance plans at Health Trust Financial
- Use code RAMSEY to save 20% at Mama Bear Legal Forms
- Visit NetSuite today to learn more
- Get started with YRefy or call 844-2-RAMSEY
- Visit Zander Insurance for your free instant quote today!
Explore more from Ramsey Network:
💸 The Ramsey Show Highlights
🧠 The Dr. John Delony Show
🍸 Smart Money Happy Hour
💡 The Rachel Cruze Show
🪑 Front Row Seat with Ken Coleman
Ramsey Solutions Privacy Policy
Learn more about your ad choices. Visit megaphone.fm/adchoices
The AI-powered Podcast Player
