Workflow
divorce finance
icon
Search documents
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 Financeยท 2025-11-17 23:30
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]