Dave Ramsey http://www.daveramsey.com/ Real Life Money Stories en-us Wed, 25 May 2016 21:05:42 CST 180 Saturday Sunday Dave Says - May 23, 2016 http://www.daveramsey.com/davesays/column/column/dave_says_2016-05-23 http://www.daveramsey.com/davesays/column/column/dave_says_2016-05-23 Mon, 23 May 2016 11:05:34 CST My wife and I are both in our early 20s, we're debt-free, and we're just a couple of months away from having a fully loaded emergency fund of six months of expenses. We both also have 401(k) plans at work, and we're looking forward to starting additional investments later this year. Right now, we're trying to decide on which life insurance policies to buy ... Tough love costs $0 http://www.daveramsey.com/articles/articleList/category/100423/storyid/105366 http://www.daveramsey.com/articles/articleList/category/100423/storyid/105366 Wed, 18 May 2016 02:02:48 CST I'm the oldest of 5 siblings. With being raised by a single father (who's terrible with money), I've always taken more of a maternal and financially responsible role with my siblings. I want to help and see them succeed. Unfortunately, up until recently, I often 'helped' them with money. I've now paid a stupid tax for each of my 4 siblings. Sibling 1: My wait-until-the-last-minute brother waited until 2 weeks before the semester to enroll in community college. He needed $500 to enroll since his financial aid money would wouldn't come in time. I gladly shelled out the money with the agreement that he'd pay me back when financial aid came in. Well, you can't just stop showing up to school after the first few weeks and still expect a check from the government. That was $500 lost forever. Sibling 2: My sister, while in college, was needing a cell phone. She asked me if I could add her to my plan so that both of us could save a little money. I thought it was a great idea! Luckily this was before smart phones, so there wasn't any financing for devices. She purchased a phone, and had agreed to pay $35 a month for the call and texting plan. I only ever received her first payment and was locked into a 12 month contract. $385 stupid tax. Sibling 3: My sister's husband decided to move his family cross country for a job. They were in the process of purchasing a house but they moved 2 weeks before they were able to close on the house. This meant hotel stays. Hotel stays they had no money for because they had no emergency fund, all their money was tied up with the closing of their new house, and their credit cards were maxed. I let them put those hotel stays on my credit card. Two weeks in a hotel is not cheap, but I couldn't let my nephews sleep in the car. And of course, I didn't have the money to pay off my credit card balance so I faced some hefty interest charges for months. They never paid me back, and I don't even know what I paid in stupid tax on this one. And Sibling 4: With all 4 of us sisters now adults with careers and money, we wanted to go on a European trip together. We found an amazing deal, and in order to lock it in, we needed to purchase within 48 hours. So what did I do? Put it on my credit card. It was explicitly clear that everyone had the money in-hand, and could send it to me immediately. Except that my sister lost her job 2 days later and kept the money since it was all the extra cash she had. Even though the non-refundable trip was months away, she never found a way to pay me back. $850 in stupid tax. Conclusion: No matter my good intentions, I was the one left holding the bill. The oldest sibling bank has closed for good. My husband and I have since gotten on the Dave Ramsey plan. We cut up our credit cards, stopped handouts, accepted my stupid tax situations and forgiven those debts, live off a budget, and are just a few months from being debt free. It's been a huge relief and blessing in our life. Dave Says - May 16, 2016 http://www.daveramsey.com/davesays/column/column/dave_says_2016-05-16 http://www.daveramsey.com/davesays/column/column/dave_says_2016-05-16 Mon, 16 May 2016 11:05:14 CST My husband is a recovering heroin addict. He's been clean for two years, but I still feel we shouldn't keep cash in the house or give him unsupervised access to a bank account ... Read those E-Bills http://www.daveramsey.com/articles/articleList/category/100423/storyid/105326 http://www.daveramsey.com/articles/articleList/category/100423/storyid/105326 Wed, 11 May 2016 11:42:45 CST We changed every bill possible to come by email. I used to read these bills carefully to look for stupid stuff AT&T and others would jam into your life. But, when they started coming via email, I just started paying and not reading. Then, our new TV/internet plan "bonus period" ran out and the bill was so high, I looked at the whole thing. I discovered for one solid year we had been paying $50! a month for extra movie channels we are not interested in. We spent $600 last year for absolutely nothing. Read those bills! The Journey to Eliminate $162K http://www.daveramsey.com/articles/articleList/category/100424/storyid/105325 http://www.daveramsey.com/articles/articleList/category/100424/storyid/105325 Wed, 11 May 2016 10:50:49 CST My wife and I just got married in April of this year and are committed to following the baby steps. We are currently in FPU and on baby step 2. Our debt consist of student loans, car loans, and a very small bed &mattress loan. We both eliminated our credit cards, credit card loan ($400 for me and $800 for her), medical expenses ($450 for me) well before we got married. We are both 24 making $104k and looking forward to paying off everything in less than 5 years. We will update you as we progress through the loan repayment and debt snowball. A Retiree That Retired Debt http://www.daveramsey.com/articles/articleList/category/100424/storyid/105327 http://www.daveramsey.com/articles/articleList/category/100424/storyid/105327 Wed, 11 May 2016 01:04:12 CST Hi Dave, I retired in January 2010 at the age of 60. I was tired of working. In addition, males in my family did not live long, so I decided to maximize my golden years. I had $250k in a 401k account and two pensions to draw on. My stay-at-home wife wasn't too thrilled about my retirement. She did some math in her head and informed me that the 401K money wouldn't last very long if we were going to use $15,000 to $20,000 a year to live on. I had to agree with her. I had been listening to your radio program for about a year, so I proposed to my wife that we read "The Total Money Makeover" and get started on eliminating our debt. She agreed. We had been keeping an Excel budget for many years, so that was no big deal. We had very little credit card debt, so getting rid of that was easy. The problem was that in the beginning of 2010 we were about $84,000 in debt from a combination of a mortgage ($55k) and an equity loan ($29k). With a small fixed income, that debt looked huge. We had gone from an annual income of around $85,000 to an estimated $54,000. We finally got completely out of debt 6 years later in April 2016. In the 6 year interim, I worked for 2.5 years at temporary jobs, we sold a $155,000 country home and bought a $112,000 city home, and got the RE taxes reduced. The mortgage on the city home was 5 years at 2.6% interest, and we paid $400 extra per month. Social security kicked in at 62, so that added some money to our annual income. In 2012, we turned over most of the 401k that was left to an ELP in our area for investment in mutual funds. Although that money has not grown as much as we expected (only about 1.6% per year), we still have 87% of the original amount at retirement, so we are in pretty good shape. Today our annual budget is about $64,000. I don't hear people calling your show who are already retired and starting a get-out-of-debt plan, but we were definitely able to do it. We did make some accommodations for our personal needs that you wouldn't have recommended ... needs like allowances, vacation, and meals/entertainment, but we did it in our own way. We didn't do it gazelle-like, but more turtle-like. At 66, I feel much more secure in our financial future. Thanks for leading the way and teaching the essential tools for managing money. I only wish that I had encountered your program much earlier in life. >< Mel No More Credit Cards - Again! http://www.daveramsey.com/articles/articleList/category/100423/storyid/105322 http://www.daveramsey.com/articles/articleList/category/100423/storyid/105322 Tue, 10 May 2016 11:33:55 CST On May 9, 2016, I made the final payment to my Chase Card and that zeros out all my credit card debt. I always learn lessons the hard way. I've been credit card debt free before, but I let life get in the way (taxes) and it racks back up. This time though I'm never using credit cards again. For fun, I logged into my Chase account and tried to make a payment. It was awesome -- got an Error Code 51208 --"no amount due, not eligible for making additional payments". That is my new mantra - Error Code 51208. I want it on a shirt or bumper sticker. This falls under Stupid Tax because I had the credit cards paid off, but used them anyway. The reason I used them is because I didn't have an emergency fund to cover important expenses. My downfall this time was taxes, my wife and I got hit hard this year, and we weren't ready. Apparently, Uncle Sam doesn't like the combined salary my wife and I make, so we're punished. One more thought -- This morning I came up with a great comparison. Getting out of debt/saving money is like loosing weight. If you use your credit card, you will never be out of debt, and if you eat fast food, you will never loose weight. Solution -- don't use credit cards so you can put money away, don't eat fast food and you'll loose weight. I have learned my own lesson, again, the hard way, but will never use credit cards again! ERROR 51208!!!! Dave Says - May 9, 2016 http://www.daveramsey.com/davesays/column/column/dave_says_2016-05-09 http://www.daveramsey.com/davesays/column/column/dave_says_2016-05-09 Mon, 09 May 2016 11:05:37 CST I've had a judgment filed against me for an old, unpaid medical bill. The original amount was $2,500, but now it has increased to $3,200. Can I negotiate this with the lawyer? Dave Says - May 2, 2016 http://www.daveramsey.com/davesays/column/column/dave_says_2016-05-02 http://www.daveramsey.com/davesays/column/column/dave_says_2016-05-02 Mon, 02 May 2016 11:05:48 CST I've always heard that you shouldn't ask a family member to be the executor of your will. What are your feelings about this? Gazelle Intensity is Not a Myth http://www.daveramsey.com/articles/articleList/category/100424/storyid/105305 http://www.daveramsey.com/articles/articleList/category/100424/storyid/105305 Sun, 01 May 2016 08:20:13 CST I am so happy to report an update on my situation. I finally finished baby step #2 in March of this year and am in the middle of baby step #3. The gazelle intensity concept is definitely not a myth. Now that my paycheck actually belongs to me rather than my former creditors, I have been able to save $3400.00 cash since then. I am looking forward to completing my $10,000 cash emergency fund by the end of August. Anyone out there, if you are still in BS#2, please do not give up. Dave's program really works. Encouragement http://www.daveramsey.com/articles/articleList/category/100423/storyid/105287 http://www.daveramsey.com/articles/articleList/category/100423/storyid/105287 Wed, 27 Apr 2016 12:52:13 CST Well its been 4 years in the making. I finally have my husband on board with becoming debt free. We're trying to build the gazelle intensity, but struggling. We had filed our taxes planning to use the return to pay off some smaller stuff, then throw the rest at the student loans. However, the student loans were in default, which took the whole thing. Now I have a $450 tax prep bill, no emergency fund (the return was going to fund BS1) and my husband took a new job that's commision only. We decided he should take the position with potential paycut, because it was in his desired career field. We both work full time and I work as much overtime as I am allowed. We have 1 daughter and a dog. Struggling with monthly budgets, how to anticipate miscellaneous expenses, and sticking to it. Between the two of us, we make $40,000 - $45,000. Not a lot of job opportunities with pay increases. With the help of our FPU class we will eventually get there. Prayers would be greatly appreciated as we continue to walk through this journey together. Dave Says - April 25, 2016 http://www.daveramsey.com/davesays/column/column/dave_Says_2016-04-25 http://www.daveramsey.com/davesays/column/column/dave_Says_2016-04-25 Mon, 25 Apr 2016 11:04:04 CST I know when it comes to investing you like mutual funds and paid-for real estate. What do you think about using condominiums as investment properties instead of single-family homes? Down 5k! http://www.daveramsey.com/articles/articleList/category/100424/storyid/105282 http://www.daveramsey.com/articles/articleList/category/100424/storyid/105282 Mon, 25 Apr 2016 08:18:23 CST My fiance is in the USCG and I work in an accounting office. His parents told us about Dave and FPU and we were really interested. There was a class being held at their local church, so his parents paid for the class for us and we all went. In NINE short weeks we paid off over FIVE THOUSAND DOLLARS! I'm only 21 and my fiance is 22! We are incredibly proud of how far we have come in just a short few weeks and we can not thank Dave enough for showing us the tools on how to manage and budget our money. We got rid of THREE credit cards! No more plastic for us! We still have a ways to go because of my student loans, but we have been gazelle intense by me working two jobs! We got engaged back in January (2016) and we are getting married in Florida in November without getting into debt! If it wasn't for FPU we would of taken out a loan for the wedding and would still be making minimum payments on everything because that's how our minds USED to work! I recommend this class to EVERYONE. It has changed our lives forever. We are now on a great financial path to start off our marriage on the right foot and I couldn't be more excited! I am truly blessed. THANK YOU DAVE!! xoxo ~Katie We found the fire http://www.daveramsey.com/articles/articleList/category/100423/storyid/105278 http://www.daveramsey.com/articles/articleList/category/100423/storyid/105278 Thu, 21 Apr 2016 10:57:14 CST The greatest Christmas present I have ever received was the "The total money makeover" audio book from my wife. I listened to it traveling 30 minutes to and from work. Having grown up thinking the American way meant payments, I decided to change our family tree. After trying to sell our house for a year I devised a plan full of spreadsheets with future goals and pitched it to my wife. She agreed and we took our house off the market and got to work breaking some chains. We were amazed at the progress we made in only one year as we cut our debts in half. We got so good I started thinking it was me? At the end of our two year plan we were going to put our house back on the market and move up to accommodate our growing family. I made a mistake in thinking it would probably take a year to sell our house, so we put it on the market one year from the day we planned to be debt free. As you can imagine it sold almost immediately and we found and moved into our dream house. With this new house came the new furniture we "needed" along with a lot of other stuff. Before we knew it we were going the other way again. Luckily we were approached to teach FPU at our local church because they knew we were Dave Ramsey believers even though we had taken a personal "short cut". My wife and I said we would do it but had made a commitment to each other that we would not teach things we could not do ourselves. So we made a commitment and started the baby steps again following Daves plan 100% this time which including unplugging our retirement. That still makes me cringe as both our employers does a match. Little did I know how that very fact help keep us on tract so we could plug back in as soon as we were debt free with an emergency fund in place. Through teaching that class we found the fire again and were able to make up the ground we lost and pay off the remaining debt of $40K in only 12 months. We got behind twice and I sold my truck and UTV to get my family back on track. The UTV especially became a shock to my family, friends and neighbors as they all enjoyed it, but we as a family had bigger plans ahead. Part of our commitment was driving 1.5 hrs to Nashville to stand in front of the man with our two daughters and scream "I'm debt free." That's been a year ago and I still watch the video on youtube almost weekly. If you find yourself wondering what the view is like on this side, please trust me, its beautiful. For our family's future and the future of family we have yet to meet, we drew our line in the sand and will never pick those chains up again. Please draw your own line and join us on this side. DEBT FREE FINALLY :) http://www.daveramsey.com/articles/articleList/category/100424/storyid/105274 http://www.daveramsey.com/articles/articleList/category/100424/storyid/105274 Thu, 21 Apr 2016 09:22:58 CST We are FINALLY debt free!!!! We started this process many years ago and were ALMOST there until.... we decided we'd like a bigger house and that came with more toys. Life happens lol. I am the nerd in the family and have always kept my notebook with the bills written down and the debt snowball rolling. We finally paid off the last thing this month. I don't think it's set it yet that we DID IT!!! My husband and I are both in our 40's and have retirement but weren't really sure if it was the right place to have it. SO..I contacted our ELP and now we have a plan for retirement, for saving for our youngest one's college and LIFE IS GOOD when you know what you are doing. Thank you to Dave Ramsey and to our ELP for making this dream come true! GOD BLESS YOU GUYS!!!! :) Because nobody is promised tomorrow http://www.daveramsey.com/articles/articleList/category/100424/storyid/105256 http://www.daveramsey.com/articles/articleList/category/100424/storyid/105256 Wed, 20 Apr 2016 02:05:32 CST In our mid-fifties, my husband and I were on track to pay off our mortgage by June of 2017 and we'd be completely debt free!! After I was diagnosed with a terminal illness that could possibly mean that I wouldn't be able to see that day, my husband suggested we try to pay it off now so that we could enjoy that together. We did that today! It's a wonderful feeling to be debt free and to also know that it won't be a burden after I'm gone. I thank Dave Ramsey for teaching debt free living and for vocalizing the benefits of reaching goals. Sincerely, LJ Dave Says - April 18, 2016 http://www.daveramsey.com/davesays/column/column/dave_says_2016-04-18 http://www.daveramsey.com/davesays/column/column/dave_says_2016-04-18 Mon, 18 Apr 2016 11:04:22 CST I'm a senior in high school here in Arkansas, and I think I want to study business in college. I've gotten an unusual offer from a small, out-of-state school ... RAMSEY PRESS BEGINS PRESALES OF NEW BOOK BY #1 NEW YORK TIMES BEST-SELLING AUTHOR RACHEL CRUZE http://www.daveramsey.com/press-release/ramsey-press-begins-presales-of-new-book-by--1-new-york-times-best-selling-author-rachel-cruze http://www.daveramsey.com/press-release/ramsey-press-begins-presales-of-new-book-by--1-new-york-times-best-selling-author-rachel-cruze Mon, 18 Apr 2016 09:04:39 CST Love Your Life, Not Theirs, published by Ramsey Press and authored by personal finance expert and New York Times best-selling author Rachel Cruze, is now available for preorder. $58 to go http://www.daveramsey.com/articles/articleList/category/100424/storyid/105251 http://www.daveramsey.com/articles/articleList/category/100424/storyid/105251 Fri, 15 Apr 2016 02:15:07 CST I am down to one small payment of a credit card then there will be nothing left I owe. The next trip to the bank to cash my paycheck will be the end of my credit card debt. In fact, I just cancelled a $64.00 charge on Amazon because I couldn't stand the thought of using my credit card. I also didn't want to share an I DID IT story then immediately share a stupid tax story. Anyone who is working on the debt, stay with it. The freedom of knowing I will have paycheck's in the future that belong to me and not the credit card company is nothing short of incredible. Don't give up, I want everyone to know the feeling of a debt free life. An Empowered Future http://www.daveramsey.com/articles/articleList/category/100424/storyid/105240 http://www.daveramsey.com/articles/articleList/category/100424/storyid/105240 Mon, 11 Apr 2016 12:42:59 CST I graduated college almost 5 years ago. I thought my $30,000 in student loans would be no big deal. I owned my car and had qualified for section 8 housing because my new job paid so little, but it did not occur to me that qualifying for section 8 meant I was not making a living wage. I was far away from family so I couldn't live with my parents, but thought I would be ok. Fast forward a year and half later, I had collected over $10,000 in credit card debt because I needed furniture and could barely afford groceries every month, I also was going out about once a week trying to make new friends in a new city. I didn't realize how quickly spending a little here and a little there adds up and I didn't know how to budget. I was so stressed. Then my series of unfortunate events happened. I had to have surgery while I had decent insurance (but still came out with $1000 bill that I had no means to pay), totaled my car, and had to take a trip to the emergency room with awful insurance (a $3500 bill) all in the course of 6 months. I almost had to claim bankruptcy at 24! I was desperate so I started looking into 2nd jobs. My sister sent me the Total Money Makeover and I gobbled it up! I got a good gig at a restaurant serving, borrowed my moms car (I have to have a car for my day job), started writing a budget, and found a friend that was willing to let me pay no rent in exchange for help cleaning up the house. Now this house made me realize how dire my situation was. In the 2 years I have lived there I have not cooked because it is in such a run down state. The first year living with my friend and working 2 jobs (I was working about 4-5 shifts a week at the restaurant on top of my full time job). I paid off my credit cards and my student loans! I also learned who my real friends were. Some were hapy finding free or really cheap things to do together and so supportive of my goals, others I haven't heard from in over a year. After 18 months my mom needed her car back and my cousin was selling his Prius, I was able to put half down and paid off the rest in 4 months! Last week I made the final payment on my medical bills. I am completely solvent! I started school in January and will finish a double masters program in 3 years. I have a plan to pay for school out of pocket. My full time job is at the University I am attending so I get a bit of a waiver, I will have to keep serving but only 1-2 shifts a week and I started ride share driving, I love it! I make my own hours and because I drive a Prius I am capitalizing on the opportunity! I know that if I can pay off $50,000 in debt, I can pay for school while attending! In a month I am moving in with a friend from the restaurant and will have a kitchen I feel comfortable cooking in. I am also helping some of the other servers learn how to budget and follow Dave's baby steps! I am so excited knowing I will soon be able to make a living salary working one job and my retirement is right on track! Dave Says - April 11, 2016 http://www.daveramsey.com/davesays/column/column/dave_says_2016-04-11 http://www.daveramsey.com/davesays/column/column/dave_says_2016-04-11 Mon, 11 Apr 2016 12:04:33 CST My husband and I are just starting to get control of our finances, but we have a problem. My dad has a habit of expecting us to buy things for him. I know he has money, but anytime he knows we're going to the store, he gives us a list of things he wants ... Everyone is different http://www.daveramsey.com/articles/articleList/category/100423/storyid/105238 http://www.daveramsey.com/articles/articleList/category/100423/storyid/105238 Thu, 07 Apr 2016 06:11:23 CST We are a family of 5 and it has taken me many years to get my debts (minus my house and one car payment) paid off. Dave and his plan are great and many have benefited from it. I'm not as die hard as a-lot of them. For us there is a balance; yes we want to pay down/off our debt but we still want to do things with our kids before their gone. When your kids are grown and gone no amount of money can buy back that time. So spending more time away on extra jobs was not an option for us. Your going to get all kinds of people telling you things but in short you need to find what works for you and your family. For us were in a better place and making progress. Remember never lose sight of what you've accomplished by looking at where others are. The insurance "STUPID TAX" http://www.daveramsey.com/articles/articleList/category/100423/storyid/105163 http://www.daveramsey.com/articles/articleList/category/100423/storyid/105163 Mon, 04 Apr 2016 12:25:14 CST While attending Financial Peace University we started questioning everything on our budget to see where we could spend less. the #3 item in our budget after the mortgage and gas was insurance.. After reviewing Dave's lesson on "The Role of Insurance" I checked our policies and had to change our liability as they were at the minimum allowed by law. I also started asking my agent about everything and after not getting any clear answers or options on lowering my premiums,I started shopping around. WOW! I was getting a lot lower prices at other places. All said and done I got all my home and vehicle policies for almost $2000 less a year!! Here is the icing... only when did my agent of (20+) years got the policy cancelation notice did she say there was a "new plan" and suddenly my rates were over $1000 less than before... so I simply said " THATS NOT GOOD ENOUGH!" then moved on. So be sure to go out and get some comparative quotes once in a while to make sure your getting the best prices on our insurance and don't pay the "stupid tax" any longer Dave Says - April 4, 2016 http://www.daveramsey.com/davesays/column/column/dave_says_2016-04-04 http://www.daveramsey.com/davesays/column/column/dave_says_2016-04-04 Mon, 04 Apr 2016 11:04:57 CST How do you decide whether or not to sell collectible memorabilia when you're getting out of debt? RAMSEY SOLUTIONS CELEBRATES NATIONAL FINANCIAL LITERACY MONTH WITH THE TEACHER APPRECIATION GIVEAWAY AND FINANCIAL LITERACY CHALLENGE FOR STUDENTS http://www.daveramsey.com/press-release/ramsey-solutions-celebrates-national-financial-literacy-month--with-the-teacher-appreciation-giveaway-and-financial-literacy-cha http://www.daveramsey.com/press-release/ramsey-solutions-celebrates-national-financial-literacy-month--with-the-teacher-appreciation-giveaway-and-financial-literacy-cha Mon, 04 Apr 2016 11:04:32 CST Ramsey Solutions honors teachers and students across the country during National Financial Literacy Month in April. Along with sponsor Zander Insurance, Ramsey Solutions will host the Teacher Appreciation Giveaway and Financial Literacy Challenge. Late 50's and debt free! http://www.daveramsey.com/articles/articleList/category/100424/storyid/105162 http://www.daveramsey.com/articles/articleList/category/100424/storyid/105162 Sat, 02 Apr 2016 06:59:06 CST You can do it! I attended Financial Peace through our church about 4 years ago and it changed my life. My wife did not attend, but I shared everything with her and we immediately started a budget and spending plan. We now pre-save for every major expense including property tax, insurance, home improvements, vacations and yes used vehicles! In the past 4 years we've been able to pay for our daughters wedding, pay off our mortgage of $90,000, install a new furnace and complete several other home improvement projects. Also we've been able to continue tithing and support our church building campaign. It wasn't always easy and we had some unexpected expenses along the way. Now that everything is paid off, we are truly blessed and look forward to serving the Lord wherever He leads. We would not have even started this path without Financial Peace. The keys are to start, write it down, if you are married, both of you need to be on board, recognize you may have set backs, but stick with it. You will be blessed. Thanks Dave and Financial Peace! Dave Says - March 29, 2016 http://www.daveramsey.com/davesays/column/column/dave_says_2016-03-29 http://www.daveramsey.com/davesays/column/column/dave_says_2016-03-29 Tue, 29 Mar 2016 14:03:03 CST I took a new job less than a month ago. Just the other day, I was recruited by a huge company for the same position that pays twice what I'm making now ... Looking for Encouragement http://www.daveramsey.com/articles/articleList/category/100423/storyid/105050 http://www.daveramsey.com/articles/articleList/category/100423/storyid/105050 Tue, 29 Mar 2016 01:34:51 CST I am a total "Dave Ramsey guy." I've been gung ho about the baby steps for years now. Only one problem - 2 years in and we still are months or more away from being debt free. I have utterly failed at being a good communicator with my wife and also with budgeting. I know 100% of the problem is the guy looking back at me in the mirror but I feel like such an idiot when I hear all the people who got debt free from more debt than we have in much less time. Please tell me there are others who struggle with this and DON'T make it through quickly or easily like the majority of the debt free screams. I have wanted to go to Nashville and do our debt free scream live on the air when we make it. However, I have started to feel like Dave would just scoff at me and hammer me for never getting gazelle intense about this like I should have. Am I way out of line in my thinking or not? Also, our beginning numbers were $40k in debt with gross income of $94k - young family of 4 (kids are ages 2 and 5.) Don't give up! http://www.daveramsey.com/articles/articleList/category/100424/storyid/105049 http://www.daveramsey.com/articles/articleList/category/100424/storyid/105049 Mon, 28 Mar 2016 06:39:13 CST Dave often mentions that his plan won't work, unless your spouse in onboard. This is true. I tried repeatedly to get my spouse on board with the plan. He wasn't specifically against the idea of getting out of debt. He just wanted to spend his money on other things! He was always too busy for budget meetings, and he wasn't willing to give up his hobbies. So, where does that leave a wife? Well, I decided to follow Dave's principles, even if I was not a "gazelle" about it. We have a $1000 emergency fund, and we have a "sinking fund" set back for things that pop up occasionally. The difference is that when I do our budget, I allow money for all the extras. It's still a budget, and we are still following it. I even print out the budget each month and give a copy to my husband. But he still comes to me two weeks later and says, "I bought x last week." (That's where the sinking fund comes in handy!) It's taking years, but we are making headway. It's certainly not worth getting divorced over. Essentially, this should have been a three year plan, and instead it is taking us 10 years. Since we weren't gazelles, we didn't stop our 401k contributions altogether. But we are now on year 7, so we can see the light at the end of the tunnel. During this time, we have stopped using credit cards, and learned to live within our means. We even refinanced the house to a 15 year loan! Thank you, Dave, for giving us the principles to overcome debt, and making them easily available to everyone! I just wanted to give some hope to folks who aren't able to encourage their spouses to come on board. It can be done, the principles are sound. But it will be a slower road. Don't give up! Dave Says - March 21, 2016 http://www.daveramsey.com/davesays/column/column/dave_says_2016-03-21 http://www.daveramsey.com/davesays/column/column/dave_says_2016-03-21 Mon, 21 Mar 2016 10:03:57 CST We have two daughters, and we've started thinking about financial planning for college ... PayDay Loans & other Debt http://www.daveramsey.com/articles/articleList/category/100423/storyid/104965 http://www.daveramsey.com/articles/articleList/category/100423/storyid/104965 Tue, 08 Mar 2016 09:55:28 CST I will shorten my story to get to the point. I lost my job last year, I got behind and needed help and the people that help me can not help me with money. I turned to a Payday loan place that offered $1600 for the amount. This is what I needed at the time to consolidate and pay off some debts. I opened this loan back in November 2015. I pay $150 every 2 weeks. I was desperate did not have any better options at the time. My credit is bad and I am attempting to get to a better financial standing. My question to everyone is this: Would it be better to stop making payments on this loan (APR is around 300%), let it go to collections and take care of it then (I am assuming there is no more interest being charged, just a lump sum to pay down)? I am currently losing $300 a month to a loan that is not getting paid down and my thought is to put that $300 to something that is getting paid off. Thoughts, Ideas and Advice? T. ROWE PRICE ADDS FINANCIAL WELLNESS SOLUTION, SMARTDOLLAR, TO RETIRE WITH CONFIDENCE® PROGRAM http://www.daveramsey.com/press-release/t-rowe-price-adds-financial-wellness-solution-smartdollar-to-retire-with-confidence-program http://www.daveramsey.com/press-release/t-rowe-price-adds-financial-wellness-solution-smartdollar-to-retire-with-confidence-program Wed, 24 Feb 2016 09:02:19 CST T. Rowe Price, an industry leader in retirement plan and investment services, today announced that Ramsey Solutions’ SmartDollar, an online financial wellness solution, will be available to clients for integration into its Retire With Confidence® program. Spend business profit or pay taxes? http://www.daveramsey.com/articles/articleList/category/100423/storyid/104811 http://www.daveramsey.com/articles/articleList/category/100423/storyid/104811 Sun, 31 Jan 2016 11:50:44 CST We are a family business and an S-Corporation. We are wanting to create a 3-6 month emergency fund for the operations of our business. This would be about $80,000 and we are halfway there. Let's say our business makes a $40,000 profit this year. Is it better to place this money into the emergency fund or pay down our mortgage for our office condo. The interest rate is 6.25% and we owe about $35,0000 and have 6 years remaining on the loan. MORE THAN 1 MILLION USERS BUDGET WITH EVERYDOLLAR http://www.daveramsey.com/press-release/more-than-1-million-users-budget-with-everydollar http://www.daveramsey.com/press-release/more-than-1-million-users-budget-with-everydollar Wed, 27 Jan 2016 09:01:01 CST Ramsey Solutions’ EveryDollar has surpassed 1 million users just ten months after its official launch. “THE DAVE RAMSEY SHOW” PODCAST TOPS AMONG TALKERS http://www.daveramsey.com/press-release/the-dave-ramsey-show-podcast-tops-among-talkers http://www.daveramsey.com/press-release/the-dave-ramsey-show-podcast-tops-among-talkers Tue, 19 Jan 2016 15:01:43 CST Averaging more than 2 million downloads per week “The Dave Ramsey Show” was recently recognized by Time magazine as one of the Top 10 Podcasts on iTunes in 2015. CHRIS HOGAN REDEFINES RETIREMENT IN HIS NEW BOOK RETIRE INSPIRED http://www.daveramsey.com/press-release/chris-hogan-redefines-retirement-in--his-new-book-retire-inspired http://www.daveramsey.com/press-release/chris-hogan-redefines-retirement-in--his-new-book-retire-inspired Mon, 11 Jan 2016 14:01:54 CST Financial expert and speaker Chris Hogan has authored the new book Retire Inspired to change the way people view saving for retirement and equip them with the knowledge and know-how to properly prepare for long-term financial success. Ramsey Solutions Closes on Property in Williamson County http://www.daveramsey.com/press-release/ramsey-solutions-closes-on-property-in-williamson-county http://www.daveramsey.com/press-release/ramsey-solutions-closes-on-property-in-williamson-county Wed, 28 Oct 2015 14:10:57 CST Ramsey Solutions has closed on the southernmost 47 acres of land in the Berry Farms development of Williamson County. DAVE RAMSEY ANNOUNCES ALL-NEW FOUNDATIONS IN PERSONAL FINANCE: MIDDLE SCHOOL EDITION http://www.daveramsey.com/press-release/dave-ramsey-announces-all-new--foundations-in-personal-finance-middle-school-edition http://www.daveramsey.com/press-release/dave-ramsey-announces-all-new--foundations-in-personal-finance-middle-school-edition Tue, 06 Oct 2015 16:10:36 CST Ramsey Solutions is launching a brand new curriculum, Foundations in Personal Finance: Middle School Edition, specifically designed for grades 6 to 8. RAMSEY PRESS BEGINS PRE-SALES OF NEW BOOK BY CHRIS HOGAN http://www.daveramsey.com/press-release/ramsey-press-begins-pre-sales-of-new-book-by-chris-hogan http://www.daveramsey.com/press-release/ramsey-press-begins-pre-sales-of-new-book-by-chris-hogan Thu, 01 Oct 2015 11:10:56 CST Retire Inspired, published by Ramsey Press and authored by financial expert and speaker Chris Hogan, is now available for preorder. RAMSEY SOLUTIONS SURPASSES MAJOR MILESTONES IN 2015 http://www.daveramsey.com/press-release/ramsey-solutions-surpasses-major-milestones-in-2015 http://www.daveramsey.com/press-release/ramsey-solutions-surpasses-major-milestones-in-2015 Mon, 14 Sep 2015 09:09:17 CST Millions of people have been empowered to take control of their financial lives with the help of Ramsey Solutions. $54,000 In 17 Months! http://crc.daveramsey.com/?event=dspTestimony&intContentId=9479 http://crc.daveramsey.com/?event=dspTestimony&intContentId=9479 Tue, 18 Mar 2008 00:03:00 CST In total, we paid off <b>$54,000 in 17 months!</b> Thanks Dave for your ministry! The crowns you will be able to lay at the Masters feet one day will be incredible! Single Dad Now Debt Free! http://crc.daveramsey.com/?event=dspTestimony&intContentId=9474 http://crc.daveramsey.com/?event=dspTestimony&intContentId=9474 Tue, 18 Mar 2008 00:03:00 CST Dave, <b>I did it</b>!!! As <b>a single father</b> of 2 wonderful boys (ages 5 & 7), I thought it would be impossible, but 24 months later... <b>I'M DEBT FREE!!!!!</b> I Can't Wait to Lead My Own Class! http://crc.daveramsey.com/?event=dspTestimony&intContentId=10112 http://crc.daveramsey.com/?event=dspTestimony&intContentId=10112 Fri, 20 Jul 2007 00:07:00 CST Jenna just graduated from FPU, but she's already looking forward to leading classes in the near future! We Are Now Better than We Deserve! http://crc.daveramsey.com/?event=dspTestimony&intContentId=10126 http://crc.daveramsey.com/?event=dspTestimony&intContentId=10126 Fri, 23 Mar 2007 00:03:00 CST Our only regret is that while watching the FPU videos over and over, we realize how much stupid tax we have paid! We learned to buy only big, big bargains! http://crc.daveramsey.com/?event=dspTestimony&intContentId=10135 http://crc.daveramsey.com/?event=dspTestimony&intContentId=10135 Wed, 10 Jan 2007 00:01:00 CST FPU Coordinators Joe and Alicia describe the blessings they have received since finding Financial Peace. I Committed My Life to 2 Things http://crc.daveramsey.com/?event=dspTestimony&intContentId=10141 http://crc.daveramsey.com/?event=dspTestimony&intContentId=10141 Wed, 23 Aug 2006 00:08:00 CST Rick shares his testimony and journey of committing his life and being an FPU coordinator. FPU Is A Great Way To Meet New People! http://crc.daveramsey.com/?event=dspTestimony&intContentId=10142 http://crc.daveramsey.com/?event=dspTestimony&intContentId=10142 Thu, 27 Jul 2006 00:07:00 CST The McCords attended FPU at a different church in the community and have benefited from the course in multiple ways! FPU Taking Living to the Next Level http://crc.daveramsey.com/?event=dspTestimony&intContentId=10148 http://crc.daveramsey.com/?event=dspTestimony&intContentId=10148 Mon, 20 Mar 2006 00:03:00 CST After FPU took Stephanie's "commitment to debt-free living to the next level," she lead a course and now shares an incredible story from a couple in her class. Online Potluck Highlights http://crc.daveramsey.com/?event=dspTestimony&intContentId=10152 http://crc.daveramsey.com/?event=dspTestimony&intContentId=10152 Tue, 29 Nov 2005 00:11:00 CST Here are a few of the stories from the celebration for you to enjoy. You can read them all by signing into the Community and entering the Fellowship Hall. No AC? No Sweat, thanks to FPU! http://crc.daveramsey.com/?event=dspTestimony&intContentId=10153 http://crc.daveramsey.com/?event=dspTestimony&intContentId=10153 Tue, 04 Oct 2005 00:10:00 CST "I am SO thankful that the course was offered at my church and that I had the opporunity to enroll." I invented that later https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131313 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131313 2016-05-18 10:39:12.64 Tiffany follows Dave on Twitter. She writes in to ask what he did to celebrate becoming debt-free. The answer might surprise you! Invest in you https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131312 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131312 2016-05-18 10:01:44.47 Chandler is working his way through college. He asks Dave and Chris Brown if he should invest any additional pay, or simply save it for school expenses. How much home can I afford? https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131304 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131304 2016-05-12 13:37:26.603 Ryan asks Dave how to determine how much house you can afford based on your yearly income. Dave gives the answer and an explanation here. Walking on thin ice https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131293 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131293 2016-05-04 14:48:14.08 Justin is in the military. He and his wife are debt-free, but they're thinking about taking out a loan he says the Army will repay. Dave warns him not to do it. It's okay to take control https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131290 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131290 2016-05-04 00:00:00.0 Meghan's husband is a recovering addict, and she wants to know how they should handle their finances. Dave offers her some advice and encouragement for this difficult situation. Pause the debt snowball https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131281 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131281 2016-04-26 14:39:06.317 Adam is going through a divorce that's about to be finalized. He has been following Dave's plan, and was working on his debt snowball. Adam asks if it's okay to pause work on the debt snowball while getting back on his feet financially. Dave and his daughter, Rachel Cruze, both say yes. Sell back PTO? https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131259 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131259 2016-04-21 14:28:33.383 Ashley is thinking about selling her company back a portion of the paid time off she has accumulated over the years, because she wants to use the money to pay off her house more quickly. She talks the plan over with Dave and Chris Brown, and they give her guidance in an unusual situation. Break even https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131219 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131219 2016-04-14 09:49:36.91 Jay on Twitter asks Dave how to determine the amount of the deductible on your home insurance. Dave explains how this can be accomplished through a simple break even analysis. They'll learn https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131208 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131208 2016-04-06 15:01:23.97 Dave addresses a recent article in The Washington Post that examines millennials' fascination with socialism. Listen as he walks through the piece, pointing out how many of these attitudes seem to change as they find jobs and get older. Competency and integrity https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131206 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=131206 2016-04-06 10:11:59.58 Joyce says she has been told you shouldn't allow a family member to act as executor of your will. Dave doesn't necessarily agree with this opinion. He says as long as the family member has integrity and is competent, it's perfectly fine to ask them to serve in this capacity.