Core Insights - The article discusses the financial struggles of a homeowner, Lacey, who is overwhelmed by her mortgage and other debts, leading to a precarious financial situation [1][2][3] Financial Situation - Lacey purchased her home for approximately $400,000 in early 2024, but finds the mortgage unaffordable due to high interest rates [2] - Her monthly housing payment is $3,100, with an additional $1,000 for other debts, totaling $4,100, which is about 75% of her take-home pay of $5,600 [2][3] - Lacey's financial obligations leave little room for essential expenses like groceries, gas, utilities, or savings [3] Expert Advice - The hosts of The Ramsey Show, particularly Rachel Cruze, strongly advise Lacey to sell her home as it is financially detrimental [4] - Cruze highlights that staying in the house prevents Lacey from making any financial progress, as her income is entirely consumed by debt servicing [4]
Florida woman makes $5.6K/month but $3.1K goes toward housing — and The Ramsey hosts say she’s running out of options
Yahoo Finance·2025-10-27 15:30