Core Insights - An Ohio man, Corey, is facing significant financial challenges amid a divorce, including substantial debt and high vehicle payments [1][2] - Corey has $35,000 in credit card debt and is being asked to take on half of his estranged wife's additional $30,000 credit card debt [2] - The couple previously earned $250,000 annually from a shared trucking job, but financial management issues arose during the marriage [2][3] Financial Situation - Corey has a $970 monthly truck payment and is also responsible for a motorcycle loan [3][4] - To reduce costs, he traded in both vehicles for a 2023 Chevy Silverado, aiming to save approximately $500 a month, but this was insufficient to manage his debt [4] - Despite his attempts to negotiate a fair division of assets, including offering his wife the house and her debts, they are now both represented by lawyers and heading to court [4] Expert Advice - Financial expert Dave Ramsey advised Corey to pause any plans to buy a semi truck until his current financial situation is resolved, warning that his estranged wife would claim half of any new asset [5] - Ramsey criticized Corey's decision to maintain a $970 truck payment, labeling it financially reckless given his hourly wage of $33 [5]
He Focused On His 401(k) While She Spent Her Paychecks. Now She's Asking For Half And Dave Ramsey Says, 'I've Been There, It's No Fun'
Yahoo Finance·2025-11-17 23:30