Dave Ramsey: Don't cause rift during holidays
Q: My wife and I have $15,000 in debt left to pay off. We bring home around $32,000 a year, and we usually spend $250 to $300 on Christmas. I started talking to her about your plan earlier this year,...
View ArticleDave Ramsey: Don't allow high-profile job to ruin kid
Dave Ramsey discusses how to deal with a teenager being paid big bucks for modeling.
View ArticleDave Ramsey: Foster humility, gratitude and contentment
Financial columnist Dave Ramsey discusses how to avoid the entitlement expectation.
View ArticleDave Ramsey: Overspending is not an emergency
Q: My wife and I are working the Baby Steps, and we have our budget in place. Sometimes the budget gets busted because of home improvements and various other things. I think we should take money from...
View ArticleDave Ramsey: Build a fund for the slow winter months
Q: My husband works construction, so we barely scrape by during the winter months. Should we build an emergency fund for the slow times?
View ArticleDave Ramsey: Pay off IRS as quickly as possible
Q: My husband has his own business installing windows. As a result, we now have IRS and state tax debt. We’re managing the payments, but where should these debts be placed in the debt snowball plan?
View ArticleDave Ramsey: Pay debt collectors with money orders
Q: I’ve heard you say to never give collectors access to your checking account. Does that include payments with a debit card too?
View ArticleDave Ramsey: What's so special about $1 million?
Q: I’ve heard you say many times you shouldn’t buy a brand-new car unless you have a net worth of $1 million. What’s so special about a million dollars?
View ArticleDave Ramsey: Relationship the problem, not junk mail
Q: How can I get credit card companies to stop sending us pre-approved offers? My wife continues to sign up for these, and now we have $40,000 in credit card debt.
View ArticleDave Ramsey: Invest now or pay off debt?
Q: I went to medical school, and now I have $70,000 in debt. I just started a three-year residency making about $50,000 a year, while my wife makes $40,000. The student loans represent our only debt....
View ArticleDave Ramsey: Check cashing for the unbanked
Q: I know you hate payday loan companies. Do you feel the same way about check-cashing companies?
View ArticleDave Ramsey: Most gamblers can't afford to lose money
Q: How do you feel about gambling at a casino, as long as you limit your spending and don’t expect to win big money?
View ArticleYou don't inherit in-laws' debt
Q: My in-laws have lots of debt. In fact, they’re always joking that the debt they’ll leave us is more than the inheritance. How will this affect my wife and family if they die with all their debt...
View ArticleDave Ramsey: Don't get used to luxuries while paying off debt
Q: I recently got a new job that will increase my income by $20,000 a year. I’ve got $65,000 in debt, and I’m trying to pay it off, so I know I need to adjust my budget. Do you have any suggestions for...
View ArticleDave Ramsey: Keep work expenses separate from personal
Q: My wife and I are debt-free except for our home. She travels one week per month and charges her expenses to a personal credit card for reimbursement later. I’d rather we open a checking account with...
View ArticleDave Ramsey: Is extravagant giving foolish spending?
Q: My husband and I are debt-free, and we have several hundred thousand dollars in savings. We pay for our children and grandchildren to visit during Christmas each year, but my mother thinks this is...
View ArticleDave Ramsey: Your bank's advice is bad
Q: I want to roll over a 401(k), and my bank is encouraging me to roll it over to fixed annuities. Is this a good investment?
View ArticleDave Ramsey: Problems with no credit score?
Q: I’m 20 years old, and I’m trying to get out of debt. However, I’m concerned about what might happen when I’m older and don’t have a credit score. My girlfriend says I won’t be able to get a job or...
View ArticleDave Ramsey: Pay for college with hard work, scholarships
Q: I noticed that your Baby Steps list puts saving for retirement before saving for your kid’s college fund. Sending your kids to college would come first on the timeline, so what is your reasoning...
View ArticleDave Ramsey: Put IRS debt on top of list
Q: I owe the IRS $6,000, and currently I’m making monthly payments. Should I roll this debt into my debt snowball and then really attack it when it gets to the top of the list?
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