Facebook

DAVE RAMSEY


ARTICLES BY DAVE RAMSEY

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?

Read More


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.

Read More


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

Dave Ramsey
 

Family and Business 

Dear Dave,

Read More


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?

Read More


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?

Read More


Dave Ramsey: Marrying student debts doesn't have to be a deal breaker
MAR 21, 2017

Dave Ramsey
 

Dear Dave,

One of my relatives just graduated from college with $20,000 in student loan debt. Her boyfriend graduated, too, and he has over $100,000 in student loan debt. They want to get married, so she’s looking for a job. He wants to go to graduate school, and take out more loans to remain a full-time student. The idea of even more debt hanging over their heads really bothers her. Do you have any advice?

Read More


Dave Ramsey: Suggests the best idea is to have a debit card with rewards system
MAR 15, 2017

Dave Ramsey
 

Dear Dave,

We’re trying to get control of our finances, and my husband wants to close all our credit cards. I want to keep one and use the bill-pay option for monthly stuff like utilities, so we can keep earning rewards points. I look at my way as a method of just re-routing the money and paying it off each month. Am I wrong in looking at it like this?

Read More


Dave Ramsey: Personal testimony on warehouse clubs like Costco and Sam's Club
MAR 6, 2017

Dave Ramsey
 

Dear Dave,

I know you’re big on bargains and saving money. How do you feel about warehouse clubs, like Costco and Sam’s Club?

Read More


Dave Ramsey: Advises against writing own will
FEB 28, 2017

Dave Ramsey
 

Dear Dave,

When it comes to making a will, would it suffice to sit down and write it all out on a piece of paper, then have it notarized?

Read More


Dave Ramsey: Illustrates a debt snowball
FEB 20, 2017

Dave Ramsey
 

Dear Dave,

After listening to your show, I want to try to get control of my finances, but I’m afraid to open up the bills. I make about $60,000 a year, but it’s a real struggle just to keep my head above water financially. My checking account is always overdrawn, and I don’t know where to start in catching up. Can you help?

Read More


Dave Ramsey: Husband's business is dying
FEB 13, 2017

Dave Ramsey
 

Dear Dave,

My husband and I have four kids, and I make $50,000 a year. He runs a small business that has been floundering for a while now, so we’re basically living off my income. Part of that income is going into the business. Plus, we don’t have much in savings, and we’re behind on our house payments. Do you have any advice?

Read More


Dave Ramsey: This is a good marketing idea
FEB 8, 2017

Dave Ramsey
 

Dear Dave,

I’m a small-business owner with a lawn care franchise. It’s common in our industry, after the season is over, to send out pre-pay letters for the upcoming season. If we send out these letters offering a five or 10 percent discount for early payment on next year’s services, is that too similar to borrowing money from our customers at five to 10 percent?

Read More


Dave Ramsey: Forget this guy, find a good financial advisor
JAN 26, 2017

Dave Ramsey
 

Dear Dave,

My husband was recently laid off, and he has $229,000 in a 401(k). He has been told that he should roll it into a hybrid annuity. Is this a good idea?

Read More


Dave Ramsey: Don't dissolve the LLC
JAN 16, 2017

Dave Ramsey
 

Dear Dave,

My wife and I are debt-free, plus she has a business giving music lessons. We formed an LLC last year when she had several students and was making over $3,000 a month, but that all changed when our first baby arrived. Now, she has only a few students, and they bring in around $700 per month. Should we dissolve the LLC?

Read More


Dave Ramsey: His wife's final gift
DEC 25, 2016

Dave Ramsey
 

Dear Dave,

My wife and I have been married for 12 years. Last month we found out she has terminal cancer and only six months to live. We’ve been fortunate enough to become fairly wealthy during our lives together, and she wants to buy me a boat. We always went fishing together, and her last wish is for me to have the boat I’ve always wanted. Even with this prognosis, I’ll be OK financially when she’s gone. Still, I can’t stand the thought of this. It’s just too painful. Do you have any advice?

Read More


Dave Ramsey's take on layaway
DEC 19, 2016

Dave Ramsey
 

Dear Dave,

How do you feel about using layaway programs?

Read More


Dave Ramsey: Attack the debt with the largest interest rate first
DEC 14, 2016

Dave Ramsey
 

Dear Dave,

We just started following your plan, and we have $39,000 in debt. We make $55,000 a year, and two of our smaller debts — one car and a credit card — are both $7,500. The credit card has a higher interest rate, so my wife thinks we should pay it off first. I look at the car as a necessity, and for that reason I think we should pay it off first. Who’s right?

Read More


Dave Ramsey: Sometimes the professor is wrong
DEC 5, 2016

Dear Dave,

My daughter is in her first year of college. Recently, her math instructor walked students through the process of getting a credit card and building credit. We’ve always followed your plan and taught her to do the same.

Read More


Dave Ramsey: 'Snakes bite'
NOV 28, 2016

Dave Ramsey
 

Dear Dave,

My wife and I are building a home, and we found a great entertainment center we both love. It costs $6,000, and the dealer said he would give us 10 percent off if we take out a store credit card. We have the cash to buy the piece, but we were wondering if it would be a good idea to get the card and use it for the entertainment center and Christmas gifts, then pay it off immediately.

Read More


Dave Ramsey: 'Stop listening to your friend about borrowing money'
NOV 22, 2016

Dave Ramsey
 

Dear Dave,

We’re completely debt-free with a fully funded emergency fund, and we have $350,000 sitting in the bank from a land sale a couple of months ago. My wife and I would like to buy a chicken farm with two houses and upgrade it to contract standards.

Read More


Trending: Greenville-Spartanburg International Airport, Obituaries, Chon Restaurant, Allen Bennett Hospital