Free Republic 3rd Quarter Fundraising Target: $85,000 Receipts & Pledges to-date: $78,350
92%  
Woo hoo!! And we're now over 92%!! Less than $6.7k to go!! We can do this!! Thank you all very much!!

Keyword: daveramsey

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  • Dave Says Baby Step 3

    01/17/2012 6:11:16 AM PST · by Kaslin · 7 replies
    Townhall.com ^ | January 17, 2012 | Dave Ramsey
    Dear Dave, Weíve read about your plan, and weíre in pretty good shape financially, but we donít know what to do next. We have $400,000 in a 401(k) for retirement, but we donít have an emergency fund or any other savings. The only debt we have is our house. What should we do about Baby Steps 4 and 6?MaryDear Mary,You guys have done a great job of saving for retirement and staying out of debt. Letís go over the Baby Steps you mentioned. Baby Step 4 is putting 15 percent of your income into Roth IRAs and pre-tax retirement plans....
  • Dave Says Don't be the Evil Daughter-in-Law

    01/11/2012 10:53:06 AM PST · by Kaslin · 13 replies
    Townhall.com ^ | January 11, 2012 | Dave Ramsey
    Dear Dave, I have old credit card debt that goes back a few years. The account has been sold and re-sold to several collection companies. The limit on the card was $300, but with late charges and fees I now owe $1,500. Am I liable for the extra $1,200? Monica Dear Monica, You agreed to their terms, which included the right to charge fees and penalties. Legally, they can do this. The honorable thing would be to send the company you contracted with a check for the full amount. However, that company no longer owns the debt, and they wonít...
  • Frugal Family: Planning Your Family Budget

    01/10/2012 10:20:30 PM PST · by Altariel · 2 replies
    Patch.com ^ | January 10, 2012 | Lisa Kuebler
    Hereís a brief overview of some of the most popular tools for managing personal finances. **** 1. Some of the most popular buzzwords in recent years have been ďDave RamseyĒ and ďFinancial Peace University.Ē Ramseyís program is a 13-week course (usually two classes a week) that claims families pay off an average of $5300 in debt and save $2700 in the course of those three months. The classes are typically around $100 and are offered in multiple locations, led by ďFinancial CounselorsĒ who have gone through a training course within the program. Visit www.daveramsey.com for more information. 2. Other families...
  • Dave Says Fess Up to Dad for Missing Payment

    12/20/2011 4:55:57 AM PST · by Kaslin · 20 replies · 1+ views
    Townhall.com ^ | December 20, 2011 | Dave Ramsey
    Dear Dave, Iíve heard you say that people spend more with plastic than with cash. Exactly what does that mean?EdmundDear Edmund,There have been several studies done in recent years that show people spend less money when buying with cash as opposed to swiping a credit card. One study in particular conducted by MIT and published in Carnegie Mellon magazine, indicated through the use of Magnetic Resonance Imaging (MRI) that the pain centers of the brain are activated when you spend cash. Of course, it depends on the item in question and individual spending patterns as to exactly how much less...
  • Dave Says the Bible Says It's Wise to Save

    01/03/2012 6:37:03 AM PST · by Kaslin · 8 replies
    Townhall.com ^ | January 3, 2012 | Dave Ramsey
    Dear Dave, My wife and I have gone from having almost nothing to making about $90,000 in the last few years. The problem is that I canít get her interested in saving money. Whatís worse, her father is the preacher at our church and he has convinced her that he knows the Lord is coming back in our lifetime. Thinking this, she says thereís no reason to save because it will all be gone anyway. What can I do?† BrianDear Brian,Iím all for people living their lives according to Godís word. But the Bible says that no man knows when...
  • Dave Says Car Leasing is Fleecing

    01/04/2012 4:24:39 AM PST · by Kaslin · 63 replies
    Townhall.com ^ | January 4, 2012 | Dave Ramsey
    Dear Dave, My husband is a landscaper who works for the state. He has his technical license and wants to start a business doing private work as well. What advice would you give to someone just starting out in this field?AmyDear Amy,First, Iíd check to see if there are any additional licenses required for doing that kind of work in your state and the cities in which youíll be operating. You want to make sure youíre starting off on the right foot with any authorities or governing boards.The next thing Iíd advise is to keep it simple. Thereís no reason...
  • Dave Says When to Buy Toys

    12/28/2011 10:29:16 AM PST · by Kaslin · 15 replies
    Townhall.com ^ | December 28, 2011 | Dave Ramsey
    Dear Dave, Iíve noticed that lots of people get defensive when it comes to talking about money and living on a plan. Why is this?TonyaDear Tonya,I think itís because there seem to be two negative emotions connected to people who have failed with money: guilt and cynicism. They feel guilty because theyíre terrible when it comes to handling money, and they donít want to talk about it.Cynicism may be more prevalent in people who feel like theyíve been messed over by some ďmoney expertĒ out there. Maybe they got caught up in a deal that went bad, or they lost...
  • Dave Says Be Choosey How You Give

    12/14/2011 10:14:29 AM PST · by Kaslin · 18 replies
    Townhall.com ^ | December 14, 2011 | Dave Ramsey
    Dear Dave, Our financial situation is pretty good now, and my husband and I feel it is time to start giving something back. There are several organizations weíre interested in helping, but how can we know if theyíre legitimate and will use our money wisely?LauraDear Laura,I really appreciate your giving spirit, but the truth is you can never be 100 percent certain about this kind of thing. About the best you can do is put in some serious time researching and digging beneath the surface of various organizations to find some that are a comfortable fit for you.My wife and...
  • Dave Says Forget the Crummy Family

    11/08/2011 5:57:50 AM PST · by Kaslin · 7 replies
    Townhall.com ^ | November 8, 2011 | Dave Ramsey
    Dear Dave, My grandfather passed away a couple of months ago. Iím 32 and the only relative still living in town, so I helped take care of him and his place so he wouldnít have to go into an assisted living facility. In his will, he left his entire estateóthe house and property plus about $270,000óto me. Iím debt-free except for my house, and now my family is acting weird and telling me Iím making excuses for them being left out of the will. Do you have any advice?JasonDear Jason,Let me ask you something. Did you love your grandfather? It...
  • Dave's Take on Occupy Wall Street (Dave Ramsey)

    11/02/2011 8:02:54 AM PDT · by CSM · 25 replies
    Dave Ramsey Web Site ^ | 11/1/11 | Dave Ramsey
    "I'm mad as hell, and I'm not going to take it anymore!" Yeah, that's great. But what do you want? What are your goals? What are your demands? What result are you looking for? The beauty of being vague is that anyone who has any emotion can get caught up in the excitement and join your crusade. They'll just get mad at something and assume that you're both mad about the same thing. Put a few hundred of these people together, and boom. You've got a crowd, a headline and a lot of attention Ö but no message. A lot...
  • Dave Ramsey Responds to OWS with a Message: Get Coherent and Quit Being Whiny and Ignorant.

    10/20/2011 10:34:33 AM PDT · by pianomikey · 9 replies
    Daveramsey.com ^ | 10-20-2011 | Dave Ramsey
    [snip] Theyíre being discredited because no one has stepped forward and really stated what it is theyíre after. The whole group is just coming across like a bunch of jacked-up, jobless, wannabe hippies. Thatís not going to change anything in this country. Youíve got to state your goals clearly if you want to accomplish something. So in the absence of any clear goals, let me comment and offer some helpful advice in some areas that seem to be getting a lot of disorganized OWS attention. [snip]
  • Dear Occupy Wall Street ... A Message From Dave Ramsey

    10/19/2011 4:35:52 PM PDT · by CounterCounterCulture · 14 replies
    daveramsey.com ^ | 19 October 2011 | Dave Ramsey
    ďIím mad as hell, and Iím not going to take it anymore!Ē Yeah, thatís great. But what do you want? What are your goals? What are your demands? What result are you looking for? The beauty of being vague is that anyone who has any emotion can get caught up in the excitement and join your crusade. Theyíll just get mad at something and assume that youíre both mad about the same thing. Put a few hundred of these people together, and boom. Youíve got a crowd, a headline and a lot of attention Ö but no message. A lot...
  • Dave Says No Fast-Food Free Lunch

    10/05/2011 6:39:45 AM PDT · by Kaslin · 94 replies
    Townhall.com ^ | October 5, 2011 | Dave Ramsey
    Dear Dave, I love your plan, but I think my husband is attached to eating out. Budgeting is very hard for him, and the cost of his fast food lunches is making it difficult for us. Heís also taken a salary cut recently, and Iím working a part-time job to help us get by. Can you give him some tough love from a male perspective?ValerieDear Valerie,It sounds to me like youíve been way too nice. Youíre acting like a mother dealing with little kid, and thatís not a good way to relate to a husband. Plus, if you guys are...
  • You Know You're on a Budget WhenÖ (Dave Ramsey)

    09/01/2011 8:58:14 AM PDT · by CSM · 37 replies
    Dave Ramsey Web Site ^ | 25 Aug 2011 | Dave Ramsey
    There are many dead giveaways! from daveramsey.com on 25 Aug 2011 Email Being on a budget doesnít mean you canít have fun and even make fun of yourself a little bit! Dave's Facebook fans shared some obvious signs that you might be on a budget Ė so many, in fact, that we didnít have room to note all of the best ones here! Check out some of the hilarious responses, and see how many you can relate with. Kristen: Your four-year-old asks, "Mommy do we have a coupon for this?" about any item she wants to buy in the grocery...
  • Dave Says OK You're Not Dead

    08/17/2011 7:05:52 AM PDT · by Kaslin · 51 replies
    Townhall.com ^ | August 17, 2011 | Dave Ramsey
    Dear Dave, Iíve heard you tell people that having $90,000 to $100,000 saved up for retirement isnít enough. Thatís what Iíve got set aside right now, and Iím pretty sure itís all Iíll ever need. Why do you think everyone should have a million or two saved up?TomDear Tom,The amount youíre talking about isnít enough to retire on with any kind of dignity. If you make 10 percent off your money over time it means youíre living on just $10,000 a year. Thatís below the poverty level.Donít misunderstand my message. Iím not about being greedy, and money is not the...
  • Millionaire Secrets (Dave Ramsey Article)

    07/29/2011 5:43:44 AM PDT · by CSM · 22 replies
    Dave Ramsey Web Site ^ | 02 Jun 2010 | Dave Ramsey
    When we think of millionaires, we envision the lifestyle of a Hollywood movie star. We think of big houses, fancy cars, and "champagne wishes and caviar dreams." But here's the secret few people know: Most millionaires don't live a Hollywood lifestyle. Most millionaires are people just like you who work hard, don't live in fancy houses, and drive used cars. In fact, you never would guess that they were millionaires. It's true. A research study conducted by Dr. Thomas Stanley and Dr. William Danko revealed this fact in their book, The Millionaire Next Door. The findings by the two researchers...
  • 11 Ways to be Weird in 2011 (Dave Ramsey)

    07/25/2011 9:20:05 AM PDT · by CSM · 12 replies
    Dave Ramsey Web Site ^ | 21 Dec 2010 | Dave Ramsey
    Begin your journey to weirdness today! Everyone has their own definition of what ďweirdĒ means. To us, it means having someóor actually a lotóof money, because so many people are broke! If you could keep hundreds of extra dollars a month instead of paying credit card bills, car payments and your alma mater, would you want to become weird? If youíre tired of being normal (aka broke) like everyone else, here are some ways to get started on your journey to weirdness! 1. Set a solid foundation. Without a proper start, big plans will eventually crumble. We are here to...
  • The Great Recovery (Dave Ramsey)

    07/25/2011 9:14:00 AM PDT · by CSM · 7 replies
    Dave Ramsey Simulcast ^ | 07/21/2011 | Dave Ramsey
    It Starts with you! If the "source url" does not function correctly, then you can also access this 50 minute Video at www.daveramsey.com Yes, if you are multitasking, you can listen to Dave talk about how we are in charge of our own recovery. There is no need to sit and view the video only. Check it out! The video is free to view and is well worth the 50 minutes.
  • Dave Says - July 11, 2011 (Dave Ramsey)

    07/21/2011 2:04:51 PM PDT · by CSM · 14 replies
    Dave Ramsey Web Site ^ | July 11, 2011 | Dave Ramsey
    Mom has her bags packed for a guilt trip! Dear Dave, My mom makes $20,000 a year, and without telling me she took out a Parent PLUS Loan for $16,000 to help me with college. Sheís saying she canít pay the loan, and itís been in deferment. Now, she wants me to pay it. Iíll be making good money a few years after I graduate, but I donít have the money to pay the loan now. What should I do? Jill Dear Jill, A Parent PLUS Loan would not have your name on it, so you have no legal obligation...
  • Dave Says Don't Let Your Husband Be Weak

    06/21/2011 6:21:08 AM PDT · by Kaslin · 82 replies
    Townhall.com ^ | June 21, 2011 | Dave Ramsey
    Dear Dave,My husband and I have been married less than a year, and already weíre having huge disagreements over money. Heís got a big heart, but often heíll just give money to friends and family. Sometimes, this leaves us short when it comes to monthly bills, paying off debt, and saving anything. I guess he thinks weíll get by somehow, but it scares me. What can I do?SummerDear Summer,It sounds like he does have a big heart, and Iím sure thatís one of the reasons you love him. But this kind of behavior is completely irresponsible. Whatís worse, itís driving...
  • Dave Says Your Husband is Wrong

    05/17/2011 11:19:20 AM PDT · by Kaslin · 30 replies
    Townhall.com ^ | May 17, 2011 | Dave Ramsey
    Dear Dave, My wife and I have been following the Baby Steps, and weíve paid off all of our credit card debt. We still have $51,000 in student loans left, and our combined income is about $140,000. Weíre thinking about funding our IRAs while we finish off the college loans. How do you feel about this?PatrickDear Patrick,I wouldnít do it that way. If youíre still on Baby Step 2 you need to stop all saving and investing and attack that last piece of debt with a vengeance. I know what youíre going through. The problem with student loans is that,...
  • Dave Says No New Debt

    04/27/2011 6:17:03 AM PDT · by Kaslin · 30 replies
    Townhall.com ^ | April 27, 2011 | Dave Ramsey
    Dear Dave, We paid off our cars a few months ago, and that freed up almost $800 a month. We have two small children, and weíd like to take a camping trip in a few months, but we would need a roomier vehicle. We found a used van, and we think we could have it paid off in 12 months. Weíd still have more money left than before, so would this be okay?MelissaDear Melissa,Iím confused. Are you telling me that you just got out from under $800 worth of car payments each month, and now you want to go right...
  • Dave's Thoughts on Gas Prices (Dave Ramsey)

    03/31/2011 1:05:48 PM PDT · by CSM · 38 replies
    Dave Ramsey Website ^ | 3/31/2011 | Dave Ramsey
    You've probably noticed that gasoline prices have gone up 13% in the last month. Since most of us are used to daily commutes, running the kids here and there and visiting friends and family, this price increase is affecting us both at the pump and in what we pay for other goods and services. "But there's nothing I can do," some say. Dave says, "Oh, yes there is!" It's time to revisit the budget. Most people feel like they've crunched their budgets as much as they can. But how much is your car payment? How much is your monthly cable...
  • Dave Says: Jump On That Plan

    03/23/2011 5:50:01 AM PDT · by Kaslin · 14 replies
    Townhall.com ^ | March 23, 2011 | Dave Ramsey
    Dave Says Dear Dave,Iím 26, single, and Iíve been working your Total Money Makeover plan to pay off my debt. Right now, I have just $25,000 left to pay off, including my car. Recently, I was offered a chance to move to Singapore for the next six months as part of my job. I wonít have any real expenses while Iím there, but Iím worried about the effect it might have on me getting out of debt. How can I make all of this balance out?JaredDear Jared,Why does there have to be a balance here? In my mind, this whole...
  • TEN THINGS DAVE RAMSEY GOT WRONG

    03/03/2011 5:52:49 AM PST · by TheSentry · 142 replies · 1+ views
    BadMoneyAdvice.com ^ | 04-15-2009 | Frank Curmudgeon
  • Steve Southerland (FL-2) on WFLA !! [Says he will "consider" RAISING debt ceiling)

    02/17/2011 4:40:28 AM PST · by davidosborne · 129 replies
    Steve Southerland on WFLA Preston Scott now... says he WILL ďconsiderĒ raising debt ceiling.... please call in and tell him NO WAY !!! His Tallahassee office to open soon on Capital Circle accross from chik-fila Need to keep the pressure on him... For those who do not know. he is the freshman congressman (FL-2) who took out senior congressman Allen Boyd... he won because he promised to toe the line on the spending and FISCAL discipline... he has done some standing up to leadership.. but he MUST NOT give any wiggle room on raising the debt the ceiling ! PERIOD......
  • Dave Says - February 7, 2011 (Dave Ramsey)

    02/10/2011 12:33:27 PM PST · by CSM · 43 replies
    Dave Ramsey Web Site ^ | February 7, 2011 | Dave Ramsey
    Girlfriend's money problems Dear Dave, Iím fairly responsible with finances, but my girlfriend is in a terrible financial situation with a lot of credit card debt, an expensive car payment, and a big, fancy apartment. Plus, she just quit her job because she didnít like it anymore. Now, sheís thinking about filing bankruptcy and thinks us moving in together will help solve her problems. If she canít handle her finances on her own, whatís going to happen if we get together? Can you help? Dino Dear Dino, This is someone to keep dating, not marry right now or move in...
  • Dave Says - January 31, 2011 (Dave Ramsey)

    02/10/2011 12:30:24 PM PST · by CSM · 10 replies
    Dave Ramsey Web Site ^ | January 31, 2011 | Dave Ramsey
    Why retirement before college? Dear Dave, I noticed that your Baby Steps list puts saving for retirement before saving for your kidís college fund. Sending your kids to college would come first on the timeline, so why do you suggest this? Jen Dear Jen, I advise this approach because everyone is going to retire someday, unless, of course, they happen to die before reaching retirement age. Retiring and eating are necessities. College is a luxury. Lots of people succeed in life without going to college, and thousands have worked their way through college. I worked 40 to 60 hours a...
  • Love It Or Love It Not (Dave Ramsey)

    01/28/2011 6:47:33 AM PST · by CSM · 16 replies
    Dave Ramsey Newsletter ^ | January 28, 2011 | Dave Ramsey
    A lot of people love Benjamin Franklin. Oh, come on. Admit it. You're probably pretty fond of Benjamin Franklin, too. He's the guy on the front of the $100 bill, and you're not going to say you don't love $100 bills, are you? If we're honest, most of us love money. Actually, we love money we don't have. How else can you explain our addiction to credit cards? Our culture loves money so much that we have television shows dedicated to showing off people's million-dollar houses and garages full of luxury cars! Every day, we see thousands of ads that...
  • Dave Says - January 24, 2011 (Dave Ramsey)

    01/27/2011 9:22:19 AM PST · by CSM · 10 replies
    Dave Ramsey Website ^ | January 24, 2011 | Dave Ramsey
    Dating on a dime Dear Dave, Iím a recent college graduate, and Iím determined to follow your plan and get out of debt. My biggest problem is when it comes to dating. Things arenít cheap today, so aside from not dating, how do you handle this area of your life when youíre trying to get your finances in order? Roland Dear Roland, First of all, you definitely need to date people. I couldnít have gone without dating, especially at your age. So, Iím not going to tell you to do something I couldnít do. Thereís absolutely nothing wrong with dating...
  • Dave Says - January 18, 2011 (Dave Ramsey)

    01/27/2011 9:12:47 AM PST · by CSM · 3 replies
    Dave Ramsey Website ^ | January 18, 2011 | Dave Ramsey
    New car in a bad situation? Dear Dave, My wife is divorcing me, and we just had our first baby boy. I feel itís my responsibility to take care of her until the divorce is final, and to keep her in a safe vehicle. Sheís driving a 1982 Honda Civic, and itís so small any kind of wreck could be a disaster. Iím thinking about buying her a new car. What do you think? Mike Dear Mike, Iím really sorry you guys are going through all this, especially with a brand new baby in the mix. I appreciate your nobility...
  • Dave Says - January 11, 2011 (Dave Ramsey)

    01/27/2011 9:07:24 AM PST · by CSM · 11 replies
    Dave Ramsey Website ^ | January 11, 2011 | Dave Ramsey
    Keeping business simple Dear Dave, My husband is a landscaper who works for the state. He has his technical license and wants to start a business doing private work as well. What advice would you give to someone just starting out in this field? Amy Dear Amy, First, Iíd check to see if there are any additional licenses required for doing that kind of work in your state and the cities in which youíll be operating. You want to make sure youíre starting off on the right foot with any authorities or governing boards. The next thing Iíd advise is...
  • Mission Statement 101 (Dave Ramsey)

    01/14/2011 6:32:50 AM PST · by CSM · 18 replies
    Dave Ramsey Website ^ | January 10, 2011 | Dave Ramsey
    Know thyself, and to thine own self be true, then thou canst not be false to any man. óShakespeare How are you doing with your goals for the New Year? If youíve lost focus, go back to your mission statement and read it over a few times. Do your goals still line up with your overall mission? But what if I don't have a mission statement? Mission statements are not just for corporations or high-level executives. Whether youíre a stay-at-home mom, a retail store manager, a college student or a truck driver, crafting a personal mission statement will serve you...
  • Dave Says - January 3, 2011 (Dave Ramsey)

    01/11/2011 6:21:26 AM PST · by CSM · 13 replies
    Dave Ramsey Web Site ^ | January 3, 2011 | Dave Ramsey
    Dishonesty is not the best policy Dear Dave, I donít hide debt from my spouse, but I do hide money from her. Iíve been squirreling away money for emergencies without her knowledge. Sheís not terrible with money, but she always finds something to spend it on. We were never able to save anything before I started doing this. After hearing you talk about ďfinancial infidelity,Ē I began to worry about her reaction when she finds out Iíve been doing this. Whatís your advice? Paul Dear Paul, I think you have every reason to worry. Not just about her reaction, but...
  • Dave Says - December 28, 2010 (Dave Ramsey)

    01/11/2011 6:09:45 AM PST · by CSM · 7 replies
    Dave Ramsey Web Site ^ | December 28, 2010 | Dave Ramsey
    She has house fever! Dear Dave, Weíve got $1,000 in our starter emergency fund, and weíve paid off the last of our debt. Weíre renting, but now my wife really wants to buy a house. On top of this, she wants to go the route of 100 percent financing and argues that a mortgage payment wouldnít cost any more than weíre paying in rent. Sheís extremely upset because Iím against the idea. How can I explain to her that this is a bad plan? Alan Dear Alan, It sounds to me like this girl has a bad case of house...
  • 11 Weird Things To Do In 2011

    12/31/2010 8:48:56 AM PST · by Diana in Wisconsin · 7 replies
    My E-Mail ^ | December 31, 2010 | Dave Ramsey
    Everyone has their own definition of what "weird" means. To us, it means having someóor actually a lotóof money, because so many people are broke! If you could keep hundreds of extra dollars a month instead of paying credit card bills, car payments and your alma mater, would you want to become weird? If you're tired of being normal (aka broke) like everyone else, here are some ways to get started on your journey to weirdness! 1. Set a solid foundation. Without a proper start, big plans will eventually crumble. We are here to help you along the way during...
  • Dave Says - December 20, 2010 (Dave Ramsey)

    12/23/2010 4:36:46 AM PST · by CSM · 5 replies
    Dave Ramsey Home Page ^ | December 20, 2010 | Dave Ramsey
    An allowance is like welfare Dear Dave, How do you feel about giving an allowance to kids who are younger than 10 years old? Anonymous Dear Anonymous, I donít do allowances for anyone. The word ďallowanceĒ sounds way too much like welfare to me. We put our kids on commission at an early age. If they worked, they got paid. If they didnít work, they didnít get paid. We put a little dry-erase board on the refrigerator and listed all the jobs they had to do during the week, with a dollar amount next to each one. When you did...
  • Dave Says - December 14, 2010 (Dave Ramsey)

    12/15/2010 5:59:24 AM PST · by CSM · 13 replies
    Dave Ramsey Homepage ^ | December 14, 2010 | Dave Ramsey
    Brother needs help, but how? Dear Dave, My brother and I recently received an inheritance after our mom died. Heís never been very good with money, so I was proud of him when he used his portion to pay off his debts. But then he went out and financed a $23,000 van he canít afford. Iím afraid heís falling right back into the same old money problems, but I donít know how to talk to him about it. Diana Dear Diana, Over the years Iíve learned that you canít make people listen to you. Even with what I do for...
  • Dave Says - December 7, 2010 (Dave Ramsey)

    12/15/2010 5:56:04 AM PST · by CSM · 20 replies
    Dave Ramsey Homepage ^ | December 7, 2010 | Dave Ramsey
    Curious about the debt snowball Dear Dave, Why do you recommend paying off your debts from smallest to largest when doing the debt snowball? Mike Dear Mike, This is a really good question! A lot of people wonder the very same thing when I bring up the subject of the debt snowball. Many folks think paying off the debt with highest interest rate first is the best approach. This seems to make sense mathematically, but I realized a long time ago if those people could do math they wouldnít be drowning in debt in the first place! Debt is not...
  • Dave Says - November 29, 2010 (Dave Ramsey)

    12/15/2010 5:52:49 AM PST · by CSM · 4 replies
    Dave Ramsey Homepage ^ | November 29, 2010 | Dave Ramsey
    Pulling the plug on a bad job Dear Dave, My husband and I are completely debt-free. He makes about $100,000 a year with great benefits, plus we have $80,000 in savings. The problem is he hates his job. He wants to try something else, but heís not sure where his passion lies. When is it okay to pull the plug? Sarah Dear Sarah, In a situation like this, I think you need to combine the desire to do something you love with enough wisdom that wonít leave your family in jeopardy. In other words, letís run to something, not from...
  • Dave Says - November 22, 2010 (Dave Ramsey)

    12/15/2010 5:48:13 AM PST · by CSM · 12 replies
    Dave Ramsey homepage ^ | November 22, 2010 | Dave Ramsey
    College kids don't need new cars! Dear Dave, Iím 24, and Iím finishing up college. Iíve been driving an old, used car for a while now, and Iím thinking about getting a new one. Iíve managed to save up about $30,000 from my jobs, but every time I go to a car dealer they want me to finance a new car instead of paying cash for one. What do you think I should do? Devon Dear Devon, Who gives a crap what the car dealers want? This is your purchase, not theirs. Besides, the only reason they want you to...
  • Dave Says - November 16, 2010 (Dave Ramsey)

    11/22/2010 6:10:41 AM PST · by CSM · 7 replies
    Dave Ramsey Website ^ | November 16, 2010 | Dave Ramsey
    A ring on her finger ... Dear Dave, My girlfriend and I have been dating for about three years, and weíre talking about getting married. I have some money saved up and would like to buy her a nice engagement ring. Do you have any guidelines on how much to spend on something like this? Dustin Dear Dustin, If youíre working a good, steady, full-time job, I think a good rule of thumb for engagement rings is one monthís pay. Some jewelry stores will tell you two or even three monthsí pay, but thatís just too much. Lots of people...
  • Dave Says - November 9, 2010 (Dave Ramsey)

    11/22/2010 6:06:29 AM PST · by CSM · 5 replies
    Dave Ramsey Website ^ | November 9, 2010 | Dave Ramsey
    Prepping kids for healthy habits Dear Dave, We have two kids, ages eight and 11. When they get some money we have them take out 10 percent for tithes or giving, and 10 percent for saving. Itís difficult with the younger one sometimes, because all he wants to do is spend money. And really, whatís the point if he gets ten dollars of putting away just a dollar? How do you convince a child this age that itís good to save? Allen Dear Allen, First, I think youíve got a nice plan in place working with them on saving and...
  • Dave Says - November 1, 2010 (Dave Ramsey)

    11/22/2010 6:00:12 AM PST · by CSM · 9 replies
    Dave Ramsey Web Site ^ | November 1, 2010 | Dave Ramsey
    Buying used or new? Dear Dave, What things do you advise buying used versus buying brand new? Amy Dear Amy, This is a great question. But Iím afraid thereís not one good, across the board answer, because it all depends on where you are in your financial plan. When it comes to cars, you should always buy good, used vehicles, unless you have a million dollars in the bank. New automobiles drop in value like a rock, so buy smart and let someone else take the hit in depreciation. My advice is to buy used, anyway. Wealthy people donít become...
  • Dave Says - October 26, 2010 (Dave Ramsey)

    10/26/2010 9:21:32 AM PDT · by CSM · 3 replies
    Dave Ramsey Web Site ^ | October 26, 2010 | Dave Ramsey
    Which one first? Dear Dave, I was wondering if I should save up three to six months of expenses, Baby Step Three, before I pay off my debt with the debt snowball Ė Baby Step Two. Iím self-employed and work on a contract basis. My current contract will be up in a few months, and Iíll have to find another contract. Pat Dear Pat, In a sense, youíre going to be laid off in a few months. I think it would be wise to prepare for that in advance. Just paying the minimum payments on your debt for now, and...
  • Dave Says - October 19, 2010 (Dave Ramsey)

    10/26/2010 9:12:33 AM PDT · by CSM · 14 replies
    Dave Ramsey Web Site ^ | October 19, 2010 | Dave Ramsey
    Counseling before marriage a good idea? Dear Dave, I just got engaged, and already people are telling us that pre-marital counseling is a good idea. What is your opinion? Bradley Dear Bradley, It doesnít necessarily mean that someone thinks you arenít right for each other when they suggest you think about pre-marital counseling. In fact, I think itís a great thing, a smart thing, and something every couple should do prior to marriage. There are four areas in which you and your fiancť should be in agreement before you walk down the aisle. These are religion, children, parents, and money....
  • Dave Says - October 11, 2010 (Dave Ramsey)

    10/14/2010 9:43:21 AM PDT · by CSM · 2 replies
    Dave Ramsey Web Site ^ | October 11, 2010 | Dave Ramsey
    Is opting out wise? Dear Dave, Iím a pastor, and Iíd like to know your opinion on opting out of Social Security. Art Dear Art, Under the law, pastors are allowed to be ďconscientious objectorsĒ where their pastoral income is concerned, and opt out of our countryís Social Security program. So, yes, you can decide to opt out. Now, the big question is whether or not I think you should do that. If I were a pastor, I could easily look at the horrible mathematics involved in Social Securityówhat an absolute rip-off and terrible program it isóand decide as a...
  • It's Never Too Late To Hope (Dave Ramsey)

    10/14/2010 9:39:59 AM PDT · by CSM · 7 replies
    Dave Ramsey Web Site ^ | 13 Oct 2010 | John Acuff
    Debt loves to tell you, "It's too late to start." Debt talks trash. It does. The closer you get to wrangling it into a manageable pay-off schedule and the closer you get to actually paying it off completely, the louder Debt gets. It will throw out excuse after excuse about why you shouldnít be so worried about Financial Peace. ďRelax! Whatís the panic for? Letís just live our life. This is our time to enjoy ourselves. Charge it! You deserve it. Who wants to be one of those pencil-pushing budget nerds? Not me. Not you. Not us!Ē Debt will continue...
  • Dave Says - October 4, 2010 (Dave Ramsey)

    10/06/2010 7:37:50 AM PDT · by CSM · 3 replies
    Dave Ramsey Web Site ^ | October 4, 2010 | Dave Ramsey
    Lifestyle changes! Dear Dave, I just married a wonderful lady with two children. Weíve talked over our financial situation, and weíre determined to get out of debt within two years. This will mean some big changes in our teenagerís lifestyles. How can we break this to them gently? Dan Dear Dan, Having your wife Ė who is also their mother Ė on board with the plan makes a big difference. I think all of you need to sit down and have a frank but loving discussion about the changes that are going to come with this marriage for everyone. The...
  • October: The Most Critical Month of the Year (Dave Ramsey)

    10/06/2010 7:32:26 AM PDT · by CSM · 12 replies
    Dave Ramsey Web Site ^ | October 5, 2010 | Dave Ramsey
    Regardless of your financial standing, October is a critical month for determining how your bank account will look and affect your life over the next few monthsóand even next year (which, by the way, is less than 90 days away). Marketers have realized that as we approach the last few months of the year, we tend to let our emotions influence our spending at a new level. What this really means is that they've been carefully studying our habits. They know the value of having thought-out and well-executed plans. Can the same be said of you? Are they ahead of...