Financial Situation - Corey, a truck driver, is facing significant financial strain with approximately $35,000 in credit card debt and an additional $30,000 in his wife's name, while having only about $30 in the bank [2] - His income is about $33 per hour, which is insufficient to manage his debts effectively [1][3] Debt Management - Corey has a truck loan with a monthly payment of $970, which is deemed excessive given his income level [3] - He previously owned a Lexus and a motorcycle, which he traded for a truck to reduce his monthly payment by about $500 [4] Income and Employment - During his marriage, Corey and his wife earned a combined income of approximately $250,000 per year as long-haul truck drivers [5] - Corey contributed to a 401(k) while his wife managed daily expenses, and she is now seeking a share of the retirement account in the divorce settlement [5] Asset Valuation - The couple's house is appraised at about $174,000, with approximately $132,000 still owed [8] - Corey has a 401(k) balance of about $35,000, and there are suggestions to use home equity in the divorce settlement instead of dividing the retirement account [9] Recommendations - Financial expert Dave Ramsey advised Corey to sell the truck privately rather than trading it in, as he would need about $4,000 to exit the loan due to negative equity [6][7] - Ramsey also cautioned against allowing Corey’s wife to keep the house, suggesting that it could lead to financial complications [9]