Julie McCombs
Dave Ramsey answers questions from the audience Thursday night.
Julie McCombs
Rachel Cruze, the daughter of Dave Ramsey, talked about growing up in the Ramsey household and offered advice to young people managing debt.
Julie McCombs
Selling books about Dave Ramsey's financial lessons was a popular stop.
Julie McCombs
Dave Ramsey and Rachel Cruze were high-fiving each other's presentations during the evening.
Below is Dave's tips on managing your Christmas budget.
By Dave Ramsey
1. It’s not an emergency. Christmas is not an emergency, it happens every year. Don’t use this as an excuse to overspend and buy things you can’t afford.
2. Make a Holiday Budget. Make a list of everyone you are buying a gift for, and put a dollar amount by every name. Total it at the bottom. This is your Christmas budget. You can also check out www.mychristmasbudget.com, a free online budgeting tool to help you easily keep the holidays from wrecking your finances.
3. Pay cash. Put the total from your budget in an envelope, and when the cash is gone stop spending. This will help keep you on budget because if you overspend on Aunt Sue, Uncle Harry won’t get a gift!
4. Avoid debt. If you’re running a little short on cash, talk to your family about spending expectations. Draw names, set price limits or get creative. Whatever you do, don’t go into debt. It’s not worth it!
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