Turns out a six-figure household income is no match for a really determined shopping habit.

Jo from Dayton, Ohio, called into "The Ramsey Show" with a problem that sounds almost impressive in its scope: she and her husband are sitting on $118,000 in debt, not counting their mortgage, despite pulling in about $175,000 a year. And here's the kicker—this is all happening just a few years after they filed for bankruptcy in 2019.

You'd think bankruptcy might serve as a wake-up call, but apparently not. Jo explained that after wiping the slate clean, the couple felt ready to buy a home. So far, so good. But then came the part where everything went sideways.

When 18 Credit Cards Seem Like a Good Idea

After purchasing their house, Jo got approved for around 18 credit cards. Eighteen. She used them to furnish the place and upgrade their lifestyle, racking up debt at what must have been an Olympic pace.

"If I can be completely honest, we wanted nice things," Jo said.

There's something almost refreshing about that honesty, even if the financial decision-making behind it is a disaster. Jo also revealed that her husband doesn't manage the finances and doesn't even have access to the accounts. When personal finance expert Dave Ramsey asked if she'd been hiding the debt, Jo said it was more about his lack of involvement than deliberate deception.

The damage breakdown is brutal: roughly $45,500 in credit card debt, a $40,000 car loan, about $16,000 in online personal loans, $9,500 in pay-over-time financing schemes, and $1,300 owed to the IRS. Their home is worth approximately $225,000, and Jo said she desperately wants to break the cycle.

Income Isn't the Problem Here

Ramsey zeroed in on behavior rather than earnings. Jo brings in about $125,000 from her main job plus another $15,000 from a side hustle. Her husband earns around $35,000 annually. That's solid money by any standard, which makes the debt situation even more baffling.

"You filed bankruptcy and didn't change a single habit," Ramsey said.

He pointed out that managing money without shared oversight is a recipe for exactly this kind of mess. Both spouses need full visibility into the finances and a monthly budget they actually agree on together, not a system where one person controls everything and the other remains blissfully unaware.

Stop Blaming and Start Fixing

Jo admitted the income gap had created resentment and that she sometimes blamed her husband for their financial problems. Co-host John Delony wasn't having it.

"You're looking to blame, don't do that," Delony said.

The hosts pushed the couple toward practical action instead of finger-pointing. Ramsey's prescription was harsh but straightforward: cut discretionary spending, cancel vacations, and start selling assets—beginning with vehicles. With their income level, he estimated they could wipe out the entire debt load in about 18 months if they committed to strict discipline.

"Roll up your sleeves and sell everything in sight," Ramsey said.

The real issue, according to Ramsey, is that the couple has been trying to project an image they can't afford. He told them they needed to stop "trying to impress people with money you don't have" if they wanted any chance of breaking free from the cycle.

It's a familiar story with an uncomfortable truth at its center: making good money doesn't automatically mean you're good with money. Without changing the underlying habits that got them into trouble twice now, even a $175,000 income is just a bigger shovel for digging a deeper hole.