Reported 8 months ago
Karen, a single mom from Irvine, California, called into The Ramsey Show seeking advice on her financial situation. Despite receiving a $1.3 million settlement from her divorce and earning $15,000 a month in alimony, she struggles to afford the high cost of living in Irvine, where she pays $8,000 in rent on a $5,600 income. Financial expert Dave Ramsey empathizes with her plight but advises her to seek a more affordable living situation as she cannot sustain her current expenses in one of the world's most expensive real estate markets.
Source: YAHOO