NY mother admits family of 7 is 'drowning' in $700K debt, staying afloat with credit cards. What Ramsey Show says to cut

A New York couple with four young children and a live-in parent thought they were managing a tight but workable budget. Instead, they’re “drowning in debt.” Valentina called in to The Ramsey Show and admitted she and her husband have accumulated roughly $700,000 in consumer debt, and are now using credit cards to get through the month despite earning a combined $240,000 before tax (1). “We’ve been relying on credit cards,” she told cohosts Rachel Cruze and Ken Coleman, explaining that every unexpected e ...