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DAVE RAMSEY


ARTICLES BY DAVE RAMSEY

Dave Ramsey: Pay it off!
OCT 18, 2018

Dave Ramsey
 

Dear Dave,

I can’t decide what to do about my car. I owe $8,000 on it, and I have the cash to pay it off with plenty left over. One of my co-workers said I shouldn’t pay it off, because I have a very low interest rate on the loan. What do you think?

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Dave Ramsey: Debt is not a positive thing
JUL 25, 2018

Dave Ramsey
 

Dear Dave,

Why do you think all debt is bad? Aren’t some kinds of debt, like a mortgage or student loans, good?

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Dave Ramsey: Luxuries come after household, finances are in order
MAY 23, 2018

Dave Ramsey
 

Dear Dave,

My husband has an old car that has become a real sticking point between us. He bought it for $2,400, and it needs about $4,000 in repairs and restoration. Together, we bring home $50,000 a year, and I feel like this car is interfering with our ability to save money and pay off $35,000 in debt. We already have two decent cars we drive to work, so what should I do about this?

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Dave Ramsey: Save up, or get a mortgage?
MAY 15, 2018

Dave Ramsey
 

Dear Dave,

I’m 28, single, and I just became debt-free. In addition, I make $70,000 a year and have the equivalent of six months of expenses set aside for emergencies. Should I save up to pay cash for a house, or is mortgage debt OK? I’d like to keep the price of a new home between $200,000 and $225,000. Since I currently live in a nice apartment, I think I can save about $20,000 a year. What do you think?

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Dave Ramsey: Baby Step I is for beginner emergency fund
MAY 2, 2018

Dave Ramsey
 

Dear Dave,

When is it OK to have a little fun, and buy things you want, when you’re following the Baby Steps plan?

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Dave Ramsey: Emergency fund shouldn't be based on income
APR 9, 2018

Dave Ramsey
 

Dear Dave,

I bring home $4,100 a month in military disability pay and Social Security combined. My wife brings home an additional $2,000 each month. Should we base our emergency fund level on her income only, since mine is guaranteed?  

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Dave Ramsey: Find a way to cover lien and vehicle value
APR 4, 2018

Dear Dave,

How do you sell a vehicle with a lien amount that’s higher than the actual value of the car?

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Dave Ramsey: Who should have access electronic access to checking account
MAR 29, 2018

Dave Ramsey
 

Dear Dave,

Will paying my taxes online give the government electronic access to my checking account?

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Dave Ramsey: Mom spends student loan money, what to do?
MAR 20, 2018

Dear Dave,

I’m about to graduate from college, and while I’ve been in school my mom has been handling most of my finances. Recently, I discovered she’s been taking my student loan money and spending it on herself. So far, it looks like she’s taken around $12,000, and I have a total of $25,000 in student loan debt.

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Dave Ramsey: It's your retirement, and your money
FEB 21, 2018

Dave Ramsey
 

Dear Dave,

I’ve been following your plan, and I’m ready to start investing. Do employer contributions count toward the 15 percent you recommend putting into retirement?

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Dave Ramsey: Do a good thing a dumb way, it ends up being dumb
FEB 8, 2018

Dave Ramsey
 

Dear Dave,

My wife and I have $72,000 in debt from student loans and a car loan. We’re trying to pay off our debt using the debt snowball system, and we each make about $45,000 a year. She’s a teacher, and she’s planning on going back to school for her master’s degree, but she’s thinking about quitting her job to do this. She’ll be able to make more money with the additional education, and she would only be unemployed for two years. The degree program will cost us $2,000 out of pocket per semester for two years. Does this sound like a good idea?

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Dave Ramsey: Businesses with 'no cash' thing lose out on transactions
JAN 15, 2018

Dave Ramsey
 

Dear Dave,

What is your opinion of businesses that no longer accept cash?

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Dave Ramsey: Renting to family is OK with landlord-tenant relationship
JAN 8, 2018

Dave Ramsey
 

Dear Dave,

I have cousins who are thinking about moving back to Connecticut from Virginia. They’ll be renting for a while, and I have an unoccupied rental house. Do you think renting to family is a bad idea?

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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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