Dave Says

Dave Ramsey
April 17, 2018 - 11:11 am
Dear Dave, My husband and I are just starting Baby Step 1 of your plan. Prior to this, we told my two nephews we would buy them laptop computers for college. They don’t get a lot of encouragement or support from their immediate family, so we try to help them when we can. Should we go ahead and...
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Dave Ramsey
April 11, 2018 - 9:49 am
Dear Dave, I bring home $4,100 a month in military disability pay and Social Security combined. My wife brings home an additional $2,000 each month. Should we base our emergency fund level on her income only, since mine is guaranteed? Lewis Dear Lewis, Your emergency fund shouldn’t be based on...
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Dave Ramsey
April 03, 2018 - 2:07 pm
Dear Dave, How do you sell a vehicle with a lien amount that’s higher than the actual value of the car? Michael Dear Michael, First, you need to find a way to cover the difference between the amount of the lien and what you can get for the car. Let’s say the car is worth $12,000, and you owe $15,...
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Dave Ramsey
March 27, 2018 - 2:35 pm
Dear Dave, Will paying my taxes online give the government electronic access to my checking account? Ashley Dear Ashley, If you use your checking account, of course they will have the ability to withdraw that money from your account. I believe I know where you’re going with this question, and I...
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Dave Ramsey
March 20, 2018 - 12:16 pm
Dear Dave, I’m about to graduate from college, and while I’ve been in school my mom has been handling most of my finances. Recently, I discovered she’s been taking my student loan money and spending it on herself. So far, it looks like she’s taken around $12,000, and I have a total of $25,000 in...
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Dave Ramsey
March 15, 2018 - 9:11 am
Dear Dave, How do you feel about check cashing companies? Norman Dear Norman, I’m not a big fan of check cashing companies. They’re not nearly as bad as payday lenders , but it still seems kind of silly to me there’s even a market for this kind of thing. If you want a place to cash your checks and...
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Dave Ramsey
February 27, 2018 - 3:15 pm
Dear Dave, I have $100,000 in student loan debt. Since the amount is so large, is there a special place in your Baby Steps plan for it? Julie Dear Julie, The fact that it’s a large amount of student loan debt doesn’t change anything. Baby Step 2 is where you pay off all debt except for your home. I...
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Dave Ramsey
February 20, 2018 - 1:56 pm
Dear Dave, I received a call the other day from a company saying it could negotiate the balance on my credit cards to a lesser amount. The caller also said they could get me a zero-percent interest rate until the debts were paid off, and then the accounts would be closed. I’m kind of starting over...
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Dave Ramsey
February 14, 2018 - 9:09 am
Dear Dave, I’ve been following your plan, and I’m ready to start investing. Do employer contributions count toward the 15 percent you recommend putting into retirement? Brenda Dear Brenda, Investing 15 percent of your income in retirement accounts is Baby Step 4 of my plan. That means you’ve...
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Dave Ramsey
February 08, 2018 - 5:13 pm
Courtesy of DaveRamsey.com Buying a home can be lots of fun. It’s exciting to see all those years of dreaming come to life in a place you can finally call your own. With so many possibilities at your fingertips, it's easy to get caught up in the excitement before asking yourself the most important...
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