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Swimming Pool Doesn’t Add Much
by Dave Ramsey
We’re thinking about adding an in-ground swimming pool. We have no debt, two kids and we make about $58,000 a year. The pool will cost $32,000, and we have $53,000 in cash savings. We don’t know what it will do for the value of our home, but it’s currently worth about $180,000. Do you think we can swing it? Read more >
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Sky High Insurance Rates!
by Dave Ramsey
My daughter is 16, and has just started driving. She has a part-time job and budgets her money, too. But ever since she got behind the wheel our insurance rates have been through the roof. She’s going to pay her portion, but is there anything we can do to lower the cost without going completely bare bones on coverage? Read more >
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What’s the Difference?
by Dave Ramsey
I’ve heard you say that it’s really bad to lease a car, but then sometimes you talk about renting a house or apartment as a good thing. How can it be good to rent your home with a lower payment but not a car? Read more >
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Trailer a Bad Idea!
by Dave Ramsey
My little brother is getting married soon. Together, he and his wife will make about $35,000 a year. The other day he told me he’s working on a deal to buy a $70,000 trailer, and has already put $500 toward the purchase. The deal isn’t final yet, so what can I do to convince him this is a bad idea? Read more >
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Keep Working?
by Dave Ramsey
My wife has been working at the same company for the last 20 years. She makes $40,000 a year, and she can retire in nine years with full benefits. This may sound crazy, but we’re wondering if it would be a good idea for her to quit now and stay at home with our two toddlers. We’re debt-free, and we could save some money and pay the bills on my income. Is this a bad idea?
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Help from Dad?
by Dave Ramsey
My husband works very hard, and he makes $25,000 a year. We’ve got $21,000 in credit card debt, plus ongoing medical bills for our special needs child. Right now, we’re living in an old trailer. My father told us he’s willing to help us pay down some of the debt and get us moved into a house if we’ll attend financial counseling. Do you have any better ideas? Read more >
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Low-interest Card the Answer?
by Dave Ramsey
Right now, I’ve got $2,500 in credit card debt. I’m thinking about transferring the balance from my current card to another one that has a much lower interest rate. Is this a good idea?
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Huge Settlement – What Now?
by Dave Ramsey
Recently, I had an accident at work and lost a couple of fingers. I was given a one-time settlement of $500,000. I’ve gotten another job since then, my wife and I are both in our thirties and we’ve got our eye on a house that appraised for $50,000. The seller is willing to take $38,000. We’ve also got three kids and about $12,000 in credit card debt. What’s the smartest way to handle this money? Read more >
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Which is the Best of the Three?
by Dave Ramsey
I’m 61 and on disability. My home is paid for, and I have about a million dollars in assets. I try to spend no more than four percent of the principal each year. My current car needs repairs, but the cost would be more than the car is worth. I’m looking at getting another vehicle and was wondering, in my situation, if it would be better to lease, finance or pay cash.
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Making Six Figures and Broke
by Dave Ramsey
My husband finished dental school three years ago. Recently, told me that he wants to go back to school to become a dental anesthesiologist. He makes $100,000 a year right now but says this will give him the potential to double his income. We’ve paid off five credit cards in the last year and a half, but we still have a $200,000 student loan. We also just found out that I’m pregnant. So, I’m feeling unsafe with this idea. What do you think?
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Two Mistakes in One
by Dave Ramsey
I was dating someone that I expected to marry, and then we broke up. Before that, she was having car problems and I co-signed a lease with her. She still has the car, and so far she’s made one payment and I’ve made one. We have a forfeiture agreement on the car that states if she doesn’t make a payment by the end of the month, I come get the car. Now, her parents have offered to buy her another car and she wants to just give me the leased car. I’ve already got a leased truck, so what’s the best thing to do? Read more >
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Relative Needs Help!
by Dave Ramsey
My uncle’s wife died last year. An attorney handled probate for him, but I don’t think it was an estate attorney. He doesn’t know if she had life insurance, and now he’s left with medical bills totaling about $8,000. There are also credit card bills of $11,000. The house is paid off, but he wants to get a loan and consolidate the bills. He currently receives about $3,000 a month income between pension and social security, and he’s a little confused about financial matters. What can we do? Read more >
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Pay Off House by Tapping Reserves?
by Dave Says
We’re debt-free except for our house. We also have $25,000 in our emergency fund. The mortgage payment is $940 a month, plus a remaining balance of $124,000. We also have $125,000 in a mutual fund and other stocks outside our IRAs, and a combined income of about $90,000. Are we in good enough shape to pay off the house by cashing out our non-retirement investments?
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Silly Gas Move!
by Dave Ramsey
I drive 120 miles a day to and from work in an old, paid-for SUV that gets 14 miles per gallon. I’ve done the math and calculated that I would save $437 a month driving a vehicle that gets 30 miles per gallon. The SUV is worth $6,100. Should I trade in the SUV toward a new, small car and put the gas savings toward the payments? Read more >
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Absurd Debt Payoff Plan
by Dave Ramsey
We’ve been married for 11 years and have about $40,000 in credit card debt. The only other debt we have is our house. We make $90,000 a year, and my husband handles all the finances and says it will take us at least four years to pay off all the cards. Does this sound about right for our amount of debt? Read more >
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Single Stocks and Bonds?
by Dave Ramsey
My father in-law swears by single stock picks and CDs. He says he’d made lots of money this way over the years. What do you think of this strategy? Read more >
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Our Advisor is Confusing Us!
by Dave Ramsey
We’ve completed the first three Baby Steps, and we’re ready to start investing. Our friends recommended an advisor, and after a few meetings with him we’re very confused. He seems to be pushing us toward certain things we don’t understand. Is this unusual, and will things become clearer over time?
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Don’t Get “Doc-itis”
by Dave Ramsey
I’m 33 and a resident doctor with $250,000 in student loan debt. Next year I’ll finish my residency and increase my income from $40,000 to about $400,000. The interest rate on my loan is just 3.5 percent, so I’d like to postpone paying it off and buy a house and begin saving for retirement instead. Is this a good idea?
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Sorry, Wrong Number
by Dave Ramsey
I’ve been getting calls from a collection agency over an account that’s not mine. In fact, I’ve never had an account with the company they’re talking about. Every time they call they ask for my Social Security number to verify who I am. I haven’t given it to them, but I’m not sure what else to do.
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Agent vs. Dave
by Dave Ramsey
My life insurance agent recently sold me a universal life policy. When I mentioned your name and asked if term life insurance was better, he laughed and said term insurance is horrible. I’m a little confused right now. What’s the truth here? Read more >
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Can’t Break the Habit!
by Dave Ramsey
We’re so close to being debt-free, but I can’t get my wife to stop using credit cards. We pay them off every month, but it still scares me. I’ve tried to get her to use a debit card instead, but she doesn’t like the idea of having $500 in the bank and seeing something she wants that costs more. Any ideas?
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