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Miss a show? Check out Dave's featured call of the day—the most inspiring, entertaining, or exciting call from the show daily. Browse through the categories to locate calls by topic. Also, read through Dave's quote of the day—a Bible verse or inspirational quote that is sure to motivate you.
Question: Bud asked if there is anything wrong with buying big things on 12 months same as cash. Dave tells him all the reasons why it's stupid
Dave Ramsey's advice: It's a stupid idea, Bud. First off, if I buy the item with cash, I'll get a deal that is better than the $80 that you'll save. Plus, if you play with snakes, you'll get bitten. If they record your payment wrong and it's late, they'll backcharge you through the entire term of the deal at about 24 to 38% interest. You'll spend the next year and a half cleaning up this mess. It actually happened with one of our clients here. There's all kinds of problems with that!