Dave Says It's Matt's Universe, Not Dave's

Townhall.com ^ | July 24, 2012 | Dave Ramsey

[Kaslin]

Dear Dave,

My wife and I are on Baby Step 2 of your plan, and we’re paying off our debt. I’ve been trying to sell my motorcycle and listed it for $5,000 on Craigslist. The other day, a guy offered me $2,000 cash and a boat for the bike. I’ve always really wanted a boat, but I’m not sure this is the time. And the money would only make a small dent in our debt. Would this kind of deal be legal in the Dave Ramsey universe?

Matt

Dear Matt,

It’s an interesting deal, but at this stage of the game I think you have to ask yourself what your goal is. If it’s to get a boat, then you’ve accomplished that goal. However, if your goal is to get out of debt, this deal doesn’t get you where you want to be. Plus, it could add even more expense and hassle to your life. Upkeep and maintenance on some boats can really add up.

But this is Matt’s universe, not Dave’s. In my mind, getting out of debt comes first. There’s plenty of time later for you to save up and buy a nice boat after you get control of your finances. In this scenario, you’re simply trading one recreational vehicle for another.

If you’re on Baby Step 2, it means you’ve already got $1,000 in the bank for emergencies and have moved on to paying off all your debt, except for your home. This tells me you guys are motivated, but the idea of a boat has caused your resolve to waver a little.

So, if you’re looking for someone to tell you to forget the boat and stay on track with getting control of your lives and money, then I’m your guy. Don’t do the deal!

—Dave

Dear Dave,

I’m trying to convince my husband to leave his debit card at home when he goes to work. He says he wants it for emergencies, but he’s always using it for other things. I’d rather him just carry a very small amount of cash so he’s not so tempted. What do you think?

Haley

Dear Haley,

I understand your concern, but I think you’re wrong on this one. I carry my debit card with me everywhere I go, and I want my wife to do the same. What your husband needs to stop doing is having “emergencies.” The translation? Stop the impulse spending!

Now, this could be happening for several reasons. It could be that he’s a good guy, but he’s just not paying attention to how much he’s spending. On the other hand, you guys may not be budgeting for fairly reasonable things—like if he wants to eat out for lunch once in a while.

But even if he’s not using it, he should still be carrying a debit card. I mean, what if he has a real, actual emergency? The idea that you shouldn’t carry a debit card just because of impulse spending isn’t a good plan. Things like that aren’t debit card problems. They’re either maturity problems or a lack of realistic budget planning.

—Dave

[Arm_Bears]

A boat is a hole in the water into which you pour money.

[Tax-chick]

Obama will nationalize Matt’s boat and assign him “taking very junior apparatchiks for boat rides” as his interim reason for living, right up until it’s decided that all boats are bourgeois oppression and they kill Matt and burn the boat.

Thanks for playing “Marxism Roulette.”

[mt tom]

the happiest two day of a boat owner life is the day he gets it and the day he sells it

[Atlas Sneezed]

Dear Matt,

You don’t need to take a boat you don’t need in exchange for your motorcycle. We have this invention called “money.” The boat owner sells his boat, and gets money from someone who really wanted the boat (and who particularly values that model, and has done his research about value and common defects to watch for, unlike you).

Then, the former boat owner can afford to pay you for the motorcycle, and you get the money you need.

[rarestia]

B.O.A.T. = Bring Out Another Thousand!

[Altariel]

Dave Ramsey ping!