A 26-year-old Texas man revealed on “The Ramsey Show” that he and his wife are $500,000 in debt. The caller, Jim, confessed to handling all finances while his wife spends freely. Despite a $250,000 combined income, they struggle with a $330,000 mortgage, $85,000 in car loans, and $80,000 in credit card debt.

Co-host Dave Ramsey challenged Jim’s claim that his wife is unaware of their financial situation, emphasizing the need for a solid plan. Ramsey urged Jim to involve his wife in financial decisions and communicate openly about their financial woes. Rachel Cruze advised Jim to share the responsibility and work together on a monthly plan review.

Read more at Yahoo Finance: Dave Ramsey Caller Says His Wife Doesn’t Know They’re $500,000 In Debt. She Swipes A Credit Card And ‘Doesn’t Have To Worry About Anything’