LA mom of 2 faces $180K income loss after husband goes to prison. How Ramsey Show hosts say she can secure her finances

LA mom of 2 faces $180K income loss after husband goes to prison. How Ramsey Show hosts say she can secure her finances

Jessica Wong

Fri, February 6, 2026 at 9:45 AM EST

5 min read

Megan from Los Angeles called into The Ramsey Show with a heart-wrenching money story (1).

Just weeks earlier, her husband was pulling in between $10,000 to $15,000 a month.

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But everything changed when he, the main income earner, was incarcerated for up to 10 years. Just like that, the family went from five figures a month to relying solely on Megan’s roughly $4,000 after-tax income.

Now, she’s covering mortgage payments, private school tuition for two kids and daily expenses solo.

“I’m just trying to get ahead so I don’t get behind,” Megan told cohosts Jade Warshaw and Ken Coleman.

The sudden life event flipped this family’s finances upside down and has left one partner on their own financially, trying to figure out what to do next.

Build and tighten a survival budget

Megan’s story is a reminder that income shocks can come out of nowhere. Even for families that are doing fine financially, all of a sudden it can feel like they’re treading water, fast.

Megan’s husband runs a landscaping business and the couple also has three rental properties. Between running the business and maintaining the rentals, her husband had been bringing in the bulk of their household income, but now Megan has to figure out a plan.

Warshaw advised that the first step should be to get very clear on “how secure of a position” the family's finances are in, including how much debt they’re holding. Megan said the only debt they have is mortgage: $260,000 on their home and $140,000 on one of their rental properties.

“It might be worth it,” Warshaw said, “to offload one of these mortgages, take the equity and pay off all of your consumer debt. Because you want your expenses as low as possible going in.”

For Megan, that would wipe out $4,000 they now pay on their home’s mortgage each month. A big savings.

From there, protecting cash flow will mean focusing on the essentials: food, housing, utilities, health care and transportation come first. Everything else, whether its subscriptions, dining out, impulse purchases or other “nice-to-haves” should be put on hold, for now.

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Financial experts often recommend using a zero-based budget, where every expected dollar is assigned a specific job before the month begins. Having a clear plan can help reduce stress and lower the chances of being blindsided when in a survival budget mode.

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Plan, to preserve income

Cutting expenses helps but it can only go so far. The other half of survival is keeping money coming in.

If a household relies heavily on one spouse’s business, both partners should have a basic understanding of how it operates. In Megan’s case, cohost Ken Coleman encouraged her to get a full “brain dump” from her husband to understand the landscaping business. Shared knowledge can mean the difference between a temporary disruption and a total income shutdown.

For Megan, looking for ways to keep the business going could mean hiring someone to handle the physical labor or to do the bookkeeping. Even for reduced income “it’s worth trying,” says Coleman, rather than losing the entire $10,000 to $15,000 monthly stream.

When faced with income interruption, the National Foundation of Credit Counseling recommends communicating early with lenders to ask about temporary hardship options, which may provide short-term relief while you adjust to a new financial situation. In Megan’s case, that could mean breathing room to help keep her husband’s business afloat, and providing much-needed income.

Income shocks can be a brutal surprise but they don’t have to be fatal to a family’s finances. If you move quickly, cut expenses decisively, preserve what income you can and stay flexible, you’re giving yourself a better chance to get through the storm and come out stronger on the other side.

LA mom of 2 faces $180K income loss after husband goes to prison. How Ramsey Show hosts say she can secure her finances