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DAVE RAMSEY


ARTICLES BY DAVE RAMSEY

Dave Ramsey: You're under no obligation
DEC 14, 2017

Dave Ramsey
 

Dear Dave,

Our son is about to graduate from law school. He took out a loan to cover the cost, but we’ve always been debt-free and have been paying on it to help him out while he finishes his studies. The balance on the loan right now is around $30,000. He has a job waiting for him after he graduates, so we’re thinking about telling him it will be his responsibility to finish paying off the loan at that point. Is that wrong?

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Dave Ramsey: Pre-paid debit cards for kids?
AUG 31, 2017

Dave Ramsey
 

Dear Dave,

I’ve seen lots of companies marketing pre-paid debit cards for kids. They seem to position them as a way parents can set spending limits for their children. Do you think these are a good idea? It seems to me they are just a form of conditioning to get kids to rely on cards.

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Dave Ramsey: You need a better plan
AUG 23, 2017

Dave Ramsey
 

Dear Dave,

My husband opened his own commercial painting business in May. He knows he will have about three months in the year where he’s making little to no income. We’ve gotten $1,000 set aside for our Baby Step 1 beginner’s emergency fund, but because of that down period he would like to skip paying off all our debt except for the house, which is Baby Step 2, and move to Baby Step 3 and put an emergency fund aside. I can understand his thinking, but I wanted your thoughts on the idea.

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Dave Ramsey: Turn this into a blessing
AUG 14, 2017

Dave Ramsey
 

Dear Dave,

We’re following your plan, and we’re in the middle of paying off all our debts except for the house. My wife just learned she’ll be losing her job at the end of the year. She’s a project manager for a software company in Seattle, and she will be receiving a severance package if she works until year’s end. We were curious as to how you think we should handle the next few months.

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Dave Ramsey: Forget about financing this home improvement project
AUG 8, 2017

Dave Ramsey
 

Dear Dave,

I’m debt-free except for my home, and I’m considering having solar panels installed on the roof of the house. It would cost about $27,000. I have $80,000 in savings, but the company doing the installation will finance it all for just one percent interest. It’s almost like free money. My electric bills average around $310 a month, and I thought this would be a good way to save money in the long run. What do you think?

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Dave Ramsey: First, get a real job
AUG 1, 2017

Dave Ramsey
 

Dear Dave,

I currently have student loans in deferment from earning a degree in hospitality management. My career goal is to own a mobile food vending company, so I’m putting most of the money I make from eBay and ride-hailing services — around $1,000 a month — aside in savings for that. Should I forego my business idea for the time being, and knock out the student loan debt instead?

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Dave Ramsey: Using the grandchild for money
JUL 18, 2017

Dave Ramsey
 

Dear Dave,

My wife and I have been helping our adopted daughter financially for some time. She’s 25, has been married for three years, and we don’t see this cycle stopping anytime soon. The worst part is, they will often throw in that our grandchild will go without something unless we help. We’re certain this isn’t teaching them to stand on their own feet, but we don’t know what else to do.

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Dave Ramsey: Debt collectors like to play on your emotions
JUL 10, 2017

Dave Ramsey
 

Dear Dave,

I got a call from a debt collector regarding $2,000 I owe in medical bills. I’m trying to get my finances in order and pay this off, but I’m afraid they’ll follow through on their threat to garnish my wages. Can you give me some advice?

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Dave Ramsey: It may be uncomfortable but tell your dad 'no'
JUN 26, 2017

Dave Ramsey
 

Dear Dave,

My dad wants me to buy a house on a 30-year loan for him and my mom in my name, and let them make the payments. I’m 24 years old and have a good credit score and a nice apartment, but my job depends largely on how the oil industry is doing.

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Dave Ramsey: Fiance 'put controlling mommy ahead of his bride-to-be'
JUN 20, 2017

Dave Ramsey
 

Dear Dave,

My fiancé told me the other day he’s going to buy a failing restaurant with his mom, sister, and a family friend. None of them have any food service or business experience, and he has never said anything about wanting to own a restaurant.

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Dave Ramsey: To file or not file a claim, basically it's when you begin to feel the pain financially
JUN 14, 2017

Dave Ramsey
 

Dear Dave,

How do you know when you should file an insurance claim on a homeowner’s issue, versus just dealing with it and paying cash?

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Dave Ramsey: What to do with leftover money with envelope system
JUN 6, 2017

Dave Ramsey
 

Dear Dave,

When you use the envelope system, what should you do with any leftover money?

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Dave Ramsey: Would never advise someone to get or keep mortgage for tax deduction
MAY 16, 2017

Dave Ramsey
 

Dear Dave,

My wife and I are looking at buying a new home. We’ve been really blessed with our finances, and we’re at a point where we can pay cash for a new house and still have plenty of money in the bank. Should we do this, or is it a better idea to get a mortgage for the tax deduction?

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Dave Ramsey: Be a wise giver, not an impulsive giver
MAY 10, 2017

Dave Ramsey
 

Dear Dave,

Our son is 13, and he wants to give half the money he received for his birthday to the nursery at our church. They need new baby toys and things like that. Should we let him give that much, or should we tell him that maybe 25 percent is enough?

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Dave Ramsey: Crowdfunding isn't the answer
MAY 2, 2017

Dave Ramsey
 

Dear Dave,

I’d like to get involved in real estate investing, but I don’t have a lot of cash at present. What do you think of the idea of crowdfunding as a way to invest in real estate?

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Dave Ramsey: Don't compromise your emergency fund
APR 25, 2017

Dave Ramsey
 

Dear Dave,

My wife and I are debt-free, and we’re ready to start building our first home. We’re a little short on cash to make the 20 percent down payment you recommend, but we do have a fully funded emergency fund in place. Would it be okay to take a little out of our emergency fund to make up the difference?

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Dave Ramsey: Warns giving beyond your means
APR 17, 2017

Dave Ramsey
 

Dear Dave,

My wife and I are debt-free except for our home, and we’re on Baby Steps 4 and 5.

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Dave Ramsey: Relatives don't get a free pass to employment
APR 11, 2017

Dave Ramsey
 

Family and Business 

Dear Dave,

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Dave Ramsey: Put money into Roth IRA's instead of pension
APR 5, 2017

Dave Ramsey
 
 

Dear Dave,

My wife and I are both 25 years old, and we’re working on Baby Steps 4, 5 and 6. I have a 401(k) through my employer, and she has a pension. Currently, we’re falling short of the 15 percent of income you advise putting toward retirement. Should we get IRAs, or start stocking money away in her pension?

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Dave Ramsey: Overtime pay is for the family, not little boy wants
MAR 29, 2017

Dave Ramsey
 

Dear Dave,

My wife and I argue a lot about finances. We’re trying to get more control over our money, and she has been listening to you. That’s helped a lot. She’s also a lot more frugal than I am, and our biggest point of contention right now is how we handle our spending money. Whenever I work overtime at my job, I feel like I should be able to put the overtime pay toward my spending money. What are your thoughts on this?

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