Brought to you by the every dollar app start budgeting for free today. So I recently came into some lottery money Whoa, whoa, let's not let's not roll right by that. How much did we win sir? So we won right at 200 architects 200 is what you take home.
Yeah. Okay. Was that state lottery? Yeah, it was a state kind of a second chance me They do that's something.
Okay. I've never had anybody on the show. Can I ask one quick follow? I've never taken a lottery call on this show was this a random I'm in the grocery store.
I'm at the gas station and I see the ticker and I go I'm gonna shoot my shot Or is this are you like a guy who played it all the time? Well, I was a guy that played it all the time when this when this kind of happened Oh, I said stop playing, but I say with a second chance Can't take it and they put your name in a hat for a second chance me luckily through my name. Wow. Okay.
All right So to the reason you called what's your question? All right, so Prior to this I was very not financially savvy like I was credit card debt student that personal loans Essentially, I was looking week to week in you on down to zero or sometimes negative in my account Um, so with this my plan is to go ahead pay off all of my debt which is about $30,000 And potentially put a down payment on how My wife's car just broke down to potentially get her in the car But what I don't want to do is mess it up and get back to where I was a month ago week to week Zero in my account. Well, let's talk about that first. Let's talk about that because you got Jade here to walk you through this Describe for her what you think was the cause of you being Week to week never having enough there because that wasn't that long ago.
So presumably we haven't solved what was going on So describe what you think is the source of that you've worked hard to budget plan and protect your family's future But behind the scenes your personal info like your address and phone number is being bought and sold by strangers on creepy websites That leaves you wide open to problems like scams or phishing attacks Which is why I use and need delete me delete me helps you take control of your privacy by removing that info and making it Stay gone and right now you can get 20% off at join delete me dot com slash Ramsey with code Ramsey Describe what you think is the source of that? I think I think I got credit cards in the mail and I was like, okay, I can use those and I just started over spending and not paying attention to my Spinning okay, and then you know, I had other deaths as kind of kept how I was not being responsible understood What's your income? I make about a hundred and five a year. Okay, so it's not like you're scrapping and is it just you or is there a wife kids anything?
I just married my wife home two weeks ago, and we have three kids three kids. Okay, and does she work outside the house? Yes, she does work. What's she make?
I'm roughly 40. Okay, so you guys have been separate, but okay, but they're coming together I think the key here is you've got to look at what you bring it home every single month You've got to look at what you have to spend what's your margin? And you've got to just give every dollar an assignment and then that's the practical part But then the emotional part of actually sticking to it Ken is what it's gonna be your struggle because if you set out and say hey We're only spending hundred fifty dollars on restaurants and you write that on paper now It's your chance to say am I gonna be the person that keeps the promises to myself or am I gonna be a person that Flakes out every single time. Am I gonna be a person that I can depend on that?
I can depend on me to say what I do what I say I'm gonna do I'm actually gonna do or are you gonna let your emotions lead you and go well? I work hard I deserve to go to Applebee's one more time, right? That's where the real battle starts So I love that he asked the question because you know as much as Ken and I do know that the two hundred thousand dollars That is a wonderful thing You had some good luck But that is not the solve of the problem The solve of the problem is Matt deciding that he's gonna be a guy who can look in the mirror and trust himself to do what he says He's gonna do and have a process for doing it Yeah, in other words if you say hey, I want to get in shape put on muscle cut up or I want to put on 15 pounds of muscle I want to lose 50 pounds of weight. You've got to have a process You can't just say I want it to happen expect it happen Right to have a process that is attached to a willingness to change and so I'm gonna start with the budget for you You didn't know what was going on with any of your money.
So let's take care of the man Let's get him in every dollar and I think you need to give him give him a what does he do tonight with every dollar to change Just around yep tonight you sit down with your wife and you put all the numbers and you're gonna put in what you guys earn You're gonna pull up the HR website. You're gonna look at your check stubs after taxes That's the number that you're gonna put into the budget then you're gonna go back and you're gonna look at all your bank statements And you're gonna put accurate numbers for okay. We already know yes, this is our cell phone payment utilities We know our mortgage or our rent payment, but what do we really spend on groceries? What do we really spend going out to eat?
What do we really spend on gas and you're gonna plug those numbers in? So you have an accurate picture of okay? This is what it takes to run my lifestyle and then you're gonna say okay honey. We've got this money That's enough to break us free.
It's gonna it's gonna give us a get out of jail free card on this debt on the car And it's even gonna help us get a down payment But today we look ourselves in the eye and say but this is our real income 150,000 And this is what we get to live on and we have to be okay with that We don't have to keep up with anybody else. It's just us and you guys you have to kind of You know decide that you're both gonna do that and that you're both gonna hold each other accountable because trust and believe There's gonna be temptations obviously there's always another trip to take there's always a better car to buy right There's always a nice restaurant to eat at but you have to be okay with what your lifestyle is So don't squander this and I don't think you will if you internalize what we're saying hang on the line We're gonna get you started and every dollar stay tuned into the show create some accountability to where you go Okay, I'm now living this I'm putting a new financial data into my head as opposed to living like everybody else create your free Every dollar budget today the simplest way to budget for your life