Dave Says

Dave Ramsey
February 07, 2018 - 1:15 pm
By Rachel Cruze Certain topics are guaranteed to cause friction in marriage. For some, it’s in-laws. For others, it’s work-life balance. Or the kids. Or housework. And then there’s money. When finances are mentioned, do you feel anxious and get that pit in your stomach? If so, you’re not alone. In...
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Dave Ramsey
February 05, 2018 - 4:17 pm
Dear Dave, My wife and I have $72,000 in debt from student loans and a car loan. We’re trying to pay off our debt using the debt snowball system, and we each make about $45,000 a year. She’s a teacher, and she’s planning on going back to school for her master’s degree, but she’s thinking about...
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Dave Ramsey
January 29, 2018 - 11:30 am
Dear Dave, I recently got a new job that requires monthly expenses of almost $5,000 that are reimbursed. I can’t swing that kind of money right now, and my company told me to get a credit card to cover things. I’m trying to get out of debt, and I don’t like this idea. What should I do? John Dear...
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Dave Ramsey
January 22, 2018 - 4:19 pm
Dear Dave, Is it okay to buy something using a rent-to-own plan? Josh Dear Josh, I advise against rent-to-own deals. Rent-to-own places get people in the door with promises of low monthly or weekly payments. But when it comes to rent-to-own furniture, washer and dryer sets, and that kind of thing,...
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Dave Ramsey
January 16, 2018 - 5:01 pm
Dear Dave, What is your opinion of businesses that no longer accept cash? Heath Dear Heath, Honestly, I think the whole scenario is kind of silly. Businesses that are suddenly into the “no cash” thing lose out on a lot of transactions. Believe it or not, there are still tons of people out there who...
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Dave Ramsey
January 08, 2018 - 3:51 pm
Dear Dave, I have cousins who are thinking about moving back to Connecticut from Virginia. They’ll be renting for a while, and I have an unoccupied rental house. Do you think renting to family is a bad idea? Katherine Dear Katherine, Renting to family can work out just fine, as long as there are...
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Dave Ramsey
January 02, 2018 - 12:28 pm
Dear Dave, Do you have a guideline ratio for mortgage debt to income? Levon Dear Levon, When it comes to buying a home, I always tell people to get a 15-year, fixed rate mortgage , with monthly payments that are no more than 25 percent of their take home pay. This type of mortgage is the only debt...
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Dave Ramsey
December 19, 2017 - 2:11 pm
Dear Dave, My father-in-law started a business as an LLC few years ago. He named all his daughters owners, with him owning the majority share. The business failed, and now he is being sued by creditors. He told the family these creditors can’t come after us and the other siblings, because he is the...
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Dave Ramsey
December 18, 2017 - 3:46 pm
Dear Dave, What’s an appropriate amount for gift cards to send each of our five grandchildren for Christmas? Liz Dear Liz, How much do you spend on your grandchildren? Enough to make their parents nervous! Seriously, I think it depends on two things. First, are you two debt-free , or at least able...
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Dave Ramsey
December 12, 2017 - 2:15 pm
Dear Dave, My wife co-signed on a loan for an old boyfriend five or six years ago. Now, a collection agency is after her for the remaining $5,000. We make about $90,000 a year combined, and our attorney recommended we file Chapter 7 bankruptcy. The idea of filing bankruptcy scares me. Is there a...
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