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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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Sinking into Debt
by Dave Ramsey
We don’t have a lot of debt. Right now it’s just the house and a student loan of about $9,000. My father just asked if I wanted to buy his boat. We talked it over, and I could take the cash from my spending money each month and pay him a little. Would this be okay?
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Use it to Catch Up
by Dave Ramsey
We just received a small inheritance of $5,000. We have about $21,000 in debt, and one of the creditors is calling every day because we aren’t current with them. Do you think we should go ahead and start the Baby Steps or deal with this guy first?
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Can I Piggyback?
by Dave Ramsey
What do you think about “piggybacking” on a person’s credit card so that their credit score can go up? Read more >
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Unreliable Car? Don’t Think So!
by Dave Ramsey
My husband recently had his commissions cut in half at work. This has reduced our annual income from $100,000 to $50,000. Just before this happened, we bought a new car for $18,000 because he’s on the road a lot and needs something dependable. Before this we were debt-free except for our house. How can we get back there and keep him safe? Read more >
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Take Care of Your Own
by Dave Ramsey
My husband and I have made a commitment to get out of debt. We’re living on a budget, and we’ve both taken part-time jobs. This is my second marriage, and I have two kids. Unfortunately, my ex-husband has stopped paying child support. It’s always been an on-again, off-again thing with him. Do you think we should take him to court over this? Read more >
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Ludicrous Advice
by Dave Ramsey
My dad has been reading a book, and the author says the stock market is about to crash. He’s scared my dad to death, and now he wants to pull out all the money from his 401(k) and other investments and buy gold overseas. What can I say to talk some sense into him? Read more >
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Stupid Tax - Paid!
by Dave Ramsey
My husband got talked into a department store credit card just to get a discount. He made one purchase of $25, and afterwards he forgot all about the card because he’d never had one before. They wrote down the wrong address on the application, and nine months later we found it had been turned over to a collections agency. With late charges the total due is $285. What do we do?
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Bossy Sisters
by Dave Ramsey
I’m one of five sisters, and our parents’ fiftieth wedding anniversary is just around the corner. My two oldest sisters made plans for a party without consulting the rest of us. Now, they want everyone to chip in $1,000 to help pay for things. I’m trying hard to get out of debt, and I just don’t have that kind of money right now. How can I be fair about this?
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Close Them Down
by Dave Ramsey
I’ve been listening to you for a while, and I’m finally ready to cut up my credit cards. Should I contact these companies and close the accounts formally, or will they just shut them down due to lack of use? Read more >
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Giving a Drunk a Drink
by Dave Ramsey
My sister and her husband are wonderful people, but they don’t know how to handle money and are in debt up to their eyeballs. On top of this, they just found out they’ll have to pay $30,000 in taxes this year. Should I take out a home equity loan for the amount of the taxes to help them? Read more >
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Can’t Sell House!
by Dave Ramsey
The closing date on our new house is very soon. The problem is that we still haven’t sold our current home, and we’re getting nervous. What can we do? Read more >
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Making Kids Save?
by Dave Ramsey
We make our 16-year old daughter save $40 out of every paycheck she receives from her part-time job. She always fusses and complains about this. Do you think it’s wrong to force your kids to save money? Read more >
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Killer House Payment!
by Dave Ramsey
I’m about to get a settlement of $35,000 from an auto accident. Do you think we should use it to pay down our mortgage, or save it, sell the house and try to find something cheaper? Read more >
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Busting the Budget
by Dave Ramsey
We have three kids enrolled in Christian schools, and it’s very expensive. We truly believe they’re getting a great, faith-based education, but they’re only in elementary school and already we’ve had to dig into our savings. Read more >
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