Dave Ramsey http://www.daveramsey.com/ Real Life Money Stories en-us Thu, 28 May 2015 21:05:52 CST 180 Saturday Sunday Dave Says - May 26, 2015 http://www.daveramsey.com/davesays/column/column/dave_says_2015-05-26 http://www.daveramsey.com/davesays/column/column/dave_says_2015-05-26 Tue, 26 May 2015 08:05:09 CST I recently applied for life insurance for the first time with a child rider. The insurance company denied my request ... Debt free in 20 months http://www.daveramsey.com/articles/articleList/category/100424/storyid/104054 http://www.daveramsey.com/articles/articleList/category/100424/storyid/104054 Thu, 21 May 2015 07:44:47 CST I was left with nearly $50,000 in debt after my ex-wife and I separated. The debt was a combination store credit, an HVAC that I was still paying for despite the sale of my house (for a loss) and a settlement to my ex-wife. Along the way, "Murphy" showed up in the form of an IRS bill and a used truck to replace mine which died. I had no idea or expectation that I would ever be out of debt. I just figured I would be paying for everything for the rest of my life as I accumulated new debt along the way. One night I was driving out of town, and I heard a guy on the radio talking about living with no debt, using only cash and living like no one else. While I was listening he had several guests that told their story and gave a "debt-free scream". After listening, I started to think that if they can do it, maybe I can. I wasn't completely convinced but I figured an imperfect plan was better than no plan. At the very worst, if it didn't work, at least I would have less debt which couldn't be a bad thing. The next day I bought "Financial Makeover" and read it in one sitting. I made the decision right then that I would be out of debt. I've never been scared of hard work and I didn't necessarily have an income problem, I had a control problem. I was lucky enough to already have the $1000 starting Emergency Fund, so I jumped right into the debt snowball. I'm also lucky enough to have a job that allows me frequent overtime opportunities and related part time work if you wanted to take advantage of it. For the next 20 months, I worked many 20 hour workdays and 21 day work weeks. Not only did my income jump, the amount of time I was free to spend dropped. I cut my budget to the minimum and I knocked out my first debt, a $600 power bill that was due after I sold my house. A couple months later I paid off and closed the Home Depot account. Then my truck died and I had to replace it. I probably went too expensive (rationalization follows) but I have always kept my vehicles till the wheels fell off. So I bought a used pickup for $17000 (sorry Dave). Then along the way I got hit with a $6000 tax bill, so I put that at the top of the snowball and knocked it out in a couple months. The "Snowball" started slow at first but really picked up steam until I was paying $2500-$4000 per month at the end. There were many mornings when my alarm was going off after 2-3 hours of sleep to start another double shift, that I wanted to feel sorry for myself. Instead I told myself "Live like no one else" and I reminded myself that I was lucky enough to be in a position that I was able to work these many hours. There are certainly people that wish they had that opportunity. So I drank and extra cup of coffee and went to work. I just made my last payment this week, (on the truck which I paid off in 12 months). After 20 months, I paid off $50,000 and am completely debt free. I currently rent, will have my Emergency Fund in place in a few months and will be looking for a house. I read and re-read Dave's books, listened to his podcast and more recently his show on-line to stay motivated. Every time someone came on the show to give a "debt-free scream" it inspired me to keep going. I knew that I would be in that position one day soon and now I am. I owe it to Dave's consistent and simple advice. I followed his steps, admittedly with a hiccup or two, and now find myself with an inner peace I haven't know my entire adult life. I'm so thankful that I heard that voice in the dark. Thank you Dave, you have changed my life. Debt-free on "Big Game" Sunday 2015 http://www.daveramsey.com/articles/articleList/category/100424/storyid/104053 http://www.daveramsey.com/articles/articleList/category/100424/storyid/104053 Thu, 21 May 2015 04:47:00 CST Right before we stepped out the door on football's "Big Game" Sunday, we sent off our final debt repayment check. Man, it feels good! I was introduced to FPU by my previous employer, an army school district. They wisely decided to provide the class for district employees one spring and I knew we had to do something to straighten out our finances. We had some major life events hit during the class (miscarriage, sold the house, moved to a new state), and it was another year and a half before we got serious about tackling our debt, but we had solid information to guide us. We started with just shy of $60K in debt (school loans for me and my husband, vehicle loan, and a loan from each mother) and paid it all off in 19 months on a variable hourly income ranging from $3400-$4K/month, which God increased after we got our act together. To make this happen, we had to make a lot of major changes in our lives: my husband took a contract job, I quit my school position to take care of kids and run our household better, moved our family of 5 and 2 dogs in with parents in exchange for taking care of cooking/ cleaning/ errands, sack lunches of leftovers, planning the menu for 2 weeks at a time, increased familiarity with dressing and cooking whole animals, cooking from scratch, dropping phone insurance (why did this cost more than my life insurance each month???), selling and donating a bunch of junk, odd jobs, and generally cutting expenses so they were between $1100 and $2500/month. Also, we had to throw a good amount of humor and grace in there for each other because this takes a lot of work! It was pretty rough at times and it is a relief to be on the other side of that experience. Here are the monthly budget categories that we generally used while snowballing: charitable gifts renter's insurance groceries restaurant/date night (this is how we maintained a semblance of sanity in our relationship while snowballing) loan minimum payment gas vehicle maintenance/registration vehicle insurance clothing health insurance co-pays life insurance children's activities/education pets blow entertainment ($8.23 for Netflix!) debt principal/bonus payments Things we had to sort through and may be helpful for others: - Phone insurance cost $21.37/month and my life insurance cost $11.25/month. There's something wrong here. - Major props to my parents who saw that there was a plan and a purpose in place and invited us to live with them until a permanent job offer came in. It is astounding what God puts in front of people at just the right time. - We adjusted insurance payment dates after a while to make sure they would fall consistently on the same side of the end of the month. That consistency made tracking easier. - We put our budget into a phone app so that we would always know what was left in the envelopes and we could each log expenses paid on the spot. We primarily used debit, but have now moved more to cash envelopes for some budget categories. Having actual cash makes a big difference. - Menu planning made a major difference in our grocery budget. With making a menu and only buying groceries to fit that, we cut our grocery budget in half. - Thrift stores have just about everything in them. Have you been in one lately? Why pay retail? - Old paintbrushes, a cup of water, and a clear sidewalk is all my kids wanted in the way of toys. So much stuff that I thought they would miss was gladly gotten gone. - Going on one income was a big change, but it freed up the other person to manage our family and finances way better than the extra paycheck would have. - Grandma's hoarding of reclosable Cool Whip containers suddenly became our way of life. Other old-school behaviors are starting to kick in, too. We led our first round of FPU at our church this spring with 6 families and have seen them make some amazing changes, too, by changing habits and making big decisions. One family of seven paid off enough debt that they are not in dire straights since full-time work dropped to part-time during the class. Another family has newfound confidence that they have the means to buy the basics and money to travel to family, and even some pocket money left over. A third couple whipped their budget into shape and is working together as a couple to get to retirement. We are so inspired by them all. We are now working on our full emergency fund and then a down payment for buying a home in a year and a half, Lord willing. It will be fantastic to rebuild our family's future the proper way this time around. I did it, I'm out of debt! http://www.daveramsey.com/articles/articleList/category/100424/storyid/104042 http://www.daveramsey.com/articles/articleList/category/100424/storyid/104042 Wed, 20 May 2015 07:16:03 CST As of tomorrow I'm debt free! I'm a 39 year old librarian, making a modest salary of approximately $44,000, but I've struggled with money my whole adult life. It feels really really good to be free of credit card debt (my last ever payment of $100 will be made tomorrow!!!) I am just all kinds of grateful, amazed, and happy. No credit card payments, no school loans, no car loans, no mortgage. Though I would like to have a mortgage payment again someday since my goal is to buy another house within the next few years. Dave Ramsey, thank you so much! I've read your books, listened to your show, and generally devoured your website. I didn???t think I???d be out of debt this soon but the planets sort of aligned and here I am. I did the baby steps a little bit out of order ??? I did step 2 (pay off debt) before step 1 (put together a $1,000 emergency fund). As of early next week I should have an emergency fund of approximately $825 since I liquidated some investments. It???s important for that money to be liquid, and easily accessible in case of emergency. DAVE RAMSEY HOSTS SMART CONFERENCES IN PHOENIX AND DENVER THIS FALL http://www.daveramsey.com/press-release/dave-ramsey-hosts-smart-conferences-in-phoenix-and-denver-this-fall http://www.daveramsey.com/press-release/dave-ramsey-hosts-smart-conferences-in-phoenix-and-denver-this-fall Tue, 19 May 2015 16:05:41 CST New York Times best-selling author Dave Ramsey will host the Smart Conference in Phoenix and Dallas this fall. Dave Says - May 18, 2015 http://www.daveramsey.com/davesays/column/column/dave_Says_2015-05-18 http://www.daveramsey.com/davesays/column/column/dave_Says_2015-05-18 Mon, 18 May 2015 10:05:15 CST I have a question about budgeting. I give myself and my husband $150 a month each for blow money to be used on whatever we want ... Huge Credit Card Debt to Zero Fast http://www.daveramsey.com/articles/articleList/category/100424/storyid/104036 http://www.daveramsey.com/articles/articleList/category/100424/storyid/104036 Mon, 18 May 2015 10:02:27 CST In October of last year, my wife and I sat down and really looked at our finances. The facts were not pretty. Beyond the house and cars, we were staring at $36,000 in credit card debt. Ouch! We also knew Christmas was coming soon and that our debt would get even worse. After reading Dave's book and getting encouragement from colleagues, we decided it was time; time to get debt free and more importantly change our behaviors that got us to to this point. We sat down and did our first real budget. We wrote down everything we could think of that we would need to budget for on a monthly and yearly basis. We used the tools from Dave's book. We created our zero dollar budget. We grabbed some envelopes and got started working with cash again. Who knew working with cash daily made you so much more disciplined. We were able to quickly find $1000 for our emergency fund. Next, we started in on our debt. We had a garage sale and were able to raise some money. I had a truck that was paid off and just sitting there. I had only driven it three or four times last year, so we decided to sell it. Next, we put every extra dollar we could toward our debt. Extra money that we had when budget items came in lower than expected, our tax return money, anywhere we could find money we put it toward our debt. We utilized gift cards we received to go out to eat when we needed to. We stopped the trips to stores where we would spend money we didn't have on stuff we didn't need. We also stuck to our budget for Christmas and didn't add to our debt. Now, May has rolled around and we just made our last payment to the credit card. $36,000 in just 6 months. Awesome! We went out and celebrated with ice cream. Now on to the cars and the mortgage. Ramsey Solutions Launching Christian Financial Radio Show on Salem's Christian Radio Stations http://www.daveramsey.com/press-release/ramsey-solutions-launching-christian-financial-radio-show-on-salems-christian-radio-stations http://www.daveramsey.com/press-release/ramsey-solutions-launching-christian-financial-radio-show-on-salems-christian-radio-stations Wed, 13 May 2015 15:05:07 CST Ramsey Solutions is entering the Christian radio space, and has joined forces with Salem Media Group (NASDAQ: SALM) to initially launch in twenty of its major markets including Dallas, Houston, Philadelphia and Atlanta. Dave Says - May 12, 2015 http://www.daveramsey.com/davesays/column/column/dave_says_2015-05-12 http://www.daveramsey.com/davesays/column/column/dave_says_2015-05-12 Tue, 12 May 2015 00:05:00 CST My husband and I have been following your plan. We just paid cash for our new home after selling the old one, so we ... Debt-free is Great! http://www.daveramsey.com/articles/articleList/category/100424/storyid/103997 http://www.daveramsey.com/articles/articleList/category/100424/storyid/103997 Wed, 06 May 2015 07:51:25 CST My hubby and I are 58 yrs old. We pretty much stayed debt-free even when it wasn't "cool". Drove old cars that we could pay off quickly. Bought a wonderful home in a nice neighborhood, and paid it off when we were 48! And we were "working shmucks". I worked in offices, and he was a mailman. We're both retired now since our grand-daughter arrived in 2010!! (No daycare for her). We never lived beyond our means. Never tried to keep up with the Joneses. (who cares?) We had plenty of fun family times camping, bike-riding, and most anything outdoors. I've done our checkbook a "strange" way for decades, but it works for us. I run TWO balance columns. One I call "bill money", and one I call "Other". I add up all our "fixed" bills for the entire year....even including license plates, property taxes, etc. Divide it by twelve. (Since he's retired, we live on one check per month), Then the "other" column is for anything else...groceries, fun money, stuff for our grand-daughter, whatever. That way we're never "surprised" when we get a bill like for insurance that's only paid twice a year. The money is just sitting there! Easy to pay! We were never "frugal", I guess. But I LOVE to cook, and we rarely eat out. And our way of living paid off when my dad died and my mom got real sick....and I went to part-time work to take care of her. I'm so thankful we had everything under control, and I was able to spend many years helping her! That wouldn't have been an option if we were buried in debt. It's SOOOOO nice to live debt free!!!! Dave Says - May 5, 2015 http://www.daveramsey.com/davesays/column/column/dave_says_2015-05-08 http://www.daveramsey.com/davesays/column/column/dave_says_2015-05-08 Tue, 05 May 2015 10:05:19 CST My wife and I go to a small church where we tithe. The church is continually asking for contributions to other charities and causes ... The snowball is getting bigger!! http://www.daveramsey.com/articles/articleList/category/100424/storyid/103993 http://www.daveramsey.com/articles/articleList/category/100424/storyid/103993 Mon, 04 May 2015 09:44:05 CST I am so looking forward to the "I'm debt free" cheer. I turn 40 this month and each decade I embrace as a new adventure. At the start of my 30's I went back to school full time (accumulating over $80k in new debt) and I now work in a job I love as a technology instructor on cruise ships. This next decade's adventure, God willing, will be one of achieving financial freedom and being able to give generously as I save for the future. Working on ships I currently have no retirement plan or savings in place, working contractually with no benefits aside from health. After many years of mostly paying just the minimum on school loans and credit card loans I began a journey November 2014 to get serious and attack this debt once and for all. At that time I still had over $45K in credit card debt and student loans. I cashed in some investments and paid off the credit card debts first. Following the plan it was important to cancel the debts before doing the step on investing. That was hard for me, but what a great feeling as each card was paid off and I rolled that monthly payment to the next one. The snowball amount was starting to build and the momentum that causes sure is exhilarating! I do have $1000k in an emergency fund and I also save monthly for my between contract vacation times. This last break, the month of March, I had been able to save enough ahead to pay all the bills, have no new debt, and still have money to pay extra to the student loans and pay off my second to last student loan as of today! What a great feeling when I tried to see if the payment had cleared and the website said "you have no balance due, your account is paid in full"!!!!!!!!!! So I am now down to the remaining loan of $29k, it seems like a lot to me still, but God willing I will continue to save for my off times but put the rest of my salary after bills towards the debt payment. I am blessed that I have housing and food provided in my job, so that cuts my expenses drastically and am so truly thankful to God for this blessing. I don't have the opportunity to pick up a second job to add to my income, but I did shorten my vacation times to one month off instead of two and am trying to be super careful with needs versus wants. Thanks for your site and books and the encouragement that I can actually do this hard thing. It's so true that if I live like no one else for a short time, then I can truly live like no one else in the future. I look forward to coming back soon and writing that I'm finished!! No Zero base.... http://www.daveramsey.com/articles/articleList/category/100423/storyid/103990 http://www.daveramsey.com/articles/articleList/category/100423/storyid/103990 Fri, 01 May 2015 09:16:27 CST I have been using the envelope system for 3 years now and take out what I need to cover the bills for each category and do not really pay much attention to them as it has become auto pilot, money in - money out. Just today I took a second and counted what was in all my envelops... $3690 guess I need to reevaluate my zero based budget and use the almost 4 grand more effectively.(ROTH here I come) But in the end I guess this is the best kind of stupid tax you can have. DAVE RAMSEY ANNOUNCES STOPS ON HIS FALL 2015 ENTRELEADERSHIP ONE DAY TOUR http://www.daveramsey.com/press-release/dave-ramsey-announces-stops-on-his-fall-2015--entreleadership-one-day-tour http://www.daveramsey.com/press-release/dave-ramsey-announces-stops-on-his-fall-2015--entreleadership-one-day-tour Thu, 30 Apr 2015 13:04:41 CST Nationally syndicated talk radio show host and New York Times best-selling author, Dave Ramsey, presents EntreLeadership One Day in four cities this fall. Dave Says - March 27, 2015 http://www.daveramsey.com/davesays/column/column/dave_says_2015-04-27 http://www.daveramsey.com/davesays/column/column/dave_says_2015-04-27 Mon, 27 Apr 2015 10:04:57 CST I was recently notified that I am one of the beneficiaries of a class action lawsuit against a previous employer ... Debt Free with Dave http://www.daveramsey.com/articles/articleList/category/100424/storyid/103972 http://www.daveramsey.com/articles/articleList/category/100424/storyid/103972 Mon, 27 Apr 2015 05:44:16 CST When my wife and I got married on 09/09/09 we had a combined debt of over $25,000. Neither of us had any financial plans or goals and we knew we needed some guidance if we were going to make smart choices with our money together. Our church offered the Financial Peace University class and we signed up. It was the best decision we could have made. As of yesterday we are debt free and just as important, we have financial goals that we have set together. Thank you Dave for the peace we have financially! 8 months! http://www.daveramsey.com/articles/articleList/category/100424/storyid/103969 http://www.daveramsey.com/articles/articleList/category/100424/storyid/103969 Sun, 26 Apr 2015 08:36:59 CST I would like to say, "Thank you" to Dave Ramsey and the Financial Peace University! My husband and I were over $20,000 in debt and had minimal savings when we enrolled in the class. We followed the steps, went through some stress and tears (I'm the free spirit), marked our envelopes and went on a pretty strict budget (for me). I didn't feel as though we were making any headway, but all of a sudden our bills were dwindling down. Soon, we decided we would sell a property to pay off what we could. To our surprise, for the first time in years, we received a return on our taxes which made us able to pay off the last of the debt and go on a cash paid vacation. When we told our instructor we were done with the debt snowball and on to the next step, and were receiving a return, she said, "That's God blessing you for all of your work." I truly believe that with persistence we can have our 3-6 months worth of expenses saved in no time. Thank you for a truly amazing and life changing program. We will NEVER go back to the "debt" life again. Respectfully, Jerilyn and Dennis Moore Morris, IL Dave Says - April 20, 2015 http://www.daveramsey.com/davesays/column/column/dave_says_2015-04020 http://www.daveramsey.com/davesays/column/column/dave_says_2015-04020 Mon, 20 Apr 2015 10:04:21 CST My wife and I are on Baby Step 3 of your plan. We're also saving up to buy a car with cash. We're about $3,000 away ... DAVE RAMSEY’S SMART MONEY TOUR ANNOUNCES FALL 2015 STOPS http://www.daveramsey.com/press-release/dave-ramseys-smart-money-tour-announces-fall-2015-stops http://www.daveramsey.com/press-release/dave-ramseys-smart-money-tour-announces-fall-2015-stops Thu, 16 Apr 2015 13:04:18 CST New York Times best-selling author and personal finance expert Dave Ramsey announces stops on his Smart Money tour this fall. Freedom!!! http://www.daveramsey.com/articles/articleList/category/100424/storyid/103932 http://www.daveramsey.com/articles/articleList/category/100424/storyid/103932 Thu, 16 Apr 2015 08:33:46 CST I was unsure if I should post this because it's not my nature to get super personal on Facebook and I was afraid that a post like this may come off as bragging or boastful. But, after some thought, I decided that God has been too good not share this testimony and that maybe our journey would be helpful to someone else! So, here we go: On November 1, 2011, Brittany and I made the decision to get out of debt. At that time, our non-mortgage debt totaled over $218,000, including student loans (mostly), car notes, credit cards, and a bunch of other stupid miscellaneous debt. The sad thing about my student loans was that only about half of the amount I borrowed was used for tuition, books, room and board. I blew the other half (the "refund check") at Hickory Hollow Mall. I was young and dumb, I guess. But, as of this past Friday, through to the grace of God and after 3 and a half long (very long) years, I am proud to say that we are debt free and the entire $218,000 in debt is finally gone! During this time, we have sacrificed, lived on an extremely tight budget, drove junk cars, carpooled to work, packed lunches, dined in, forwent vacations & furnishing our home, wore old clothes and shoes, rarely shopped, sold personal items and did countless other things to free up money to pay off debt. We also experienced two totaled cars and a failed transmission. But, we kept pushing! While all those things were important and crucial to us getting out of debt, the thing that I KNOW without a shadow of a doubt made the biggest difference was that we Tithed to our church every paycheck for the entire 3 and a half years. I truly believe that God blesses us with everything (i.e. 100%), and if we give Him back the 10% (i.e., the Tithe), He will bless us with a larger 90% to manage for His Kingdom! We saw this happen time and time again: We gave, He blessed. We gave more, He blessed more. It never failed! At times, extra money literally showed up out of no where (no lie). I thank God for giving us the vision and desire to get out of debt, and blessing us with the means and discipline to do so. I also want to shout out Dave Ramsey. We have graduated from (and coordinated) his Financial Peace University class, and I can say that his 7 Baby Steps Plan has changed our lives, our marriage, and our family legacy! His plan works for those who work it. Lastly, I want to thank my beautiful wife, Brittany. You are truly the embodiment of the Proverbs 31 Woman. Spouses have to be on the same page for this plan to work, and you couldn't have been any more on board (even more so then me at times). For all of you going through the process of getting out of debt (or thinking about it), all I can say to you is keep pushing and, definitely keep (or start) giving! Being on this side, I can tell you that's it's all worth it and then some! We finally have that FREEDOM we've been working toward for so long! On to Baby Step 3... Thanks and God Bless! Debt Free at 29! http://www.daveramsey.com/articles/articleList/category/100424/storyid/103930 http://www.daveramsey.com/articles/articleList/category/100424/storyid/103930 Thu, 16 Apr 2015 01:25:30 CST Proverbs 22:7 tells us that, ???The borrower is slave to the lender.??? I never knew how true that verse was until 2007 when my husband Nathan and I, new business owners at the time, owed more in debt than what we earned in a year. We knew we needed to learn how to manage our finances better, but we felt so in over our heads that we didn???t even know where to start. Then a few relatives introduced us to "The Total Money Makeover." With help from that book, Nathan and I learned how to gain control of our money and we began implementing some of the strategies Ramsey talked about. We spent 8 years working towards getting out of debt. It's been a long, tiring journey. But we kept moving forward even when the progress was painfully slow. We refused to give up. And on April 10th, 2015, just 2 days shy of my 30th birthday, that hard work literally paid off. Nathan and I finally crossed the finish line together, high-fiving and joyfully hugging because we are officially 100% DEBT FREE in both our business and personal lives! I can't even describe how incredible that feels, but I do want to share this: If you're in a place of distress - financial or otherwise - don't throw in the towel. Reaching your goal and digging your way out of something difficult won't be easy, but it will be worth it. Dave Says - April 13, 2015 http://www.daveramsey.com/davesays/column/column/dave_says_2015-04-13 http://www.daveramsey.com/davesays/column/column/dave_says_2015-04-13 Mon, 13 Apr 2015 13:04:10 CST My husband and I are 28 years old. We're completely debt-free, and we each have great jobs. We don't talk a lot about this kind of stuff, because we've found it causes other people to treat us differently ... Silly but true http://www.daveramsey.com/articles/articleList/category/100423/storyid/103898 http://www.daveramsey.com/articles/articleList/category/100423/storyid/103898 Sun, 12 Apr 2015 08:29:24 CST I went to an expensive private school in 2007 my first year of college and downgraded to community college a year later due to finances. After moving states a few times I finally got my undegrad degree in 2014 paying completely out of pocket for all the education (post the first school I went to). My father told me not to worry about the first year because he had paid it - well fast forward to now I go to buy a car and I find out I have $7000 in loans from this school. I pay the lowest one in full ($1400) to a collections and make sure to get a receipt. As you would expect it doesn't come off my record, it took 3 weeks of phone calls and finally a threatening legal letter to finally get it reported as paid properly. The second loan of about $5,600 I now have down to $1,800 and will have it paid off by June using the debt snowball method. Lessons learned- 1: Never listen to your parents when it involves your finances. Always double check things. 2: Colleges and government subsidized organizations often do not operate ethically and will not report things as paid even when you have full documentation of paying them, unless you threaten to sue them. 3: Dave Ramsey's baby steps are very useful even when you don't think you have any debt. DAVE RAMSEY CELEBRATES NATIONAL FINANCIAL LITERACY MONTH WITH THE FINANCIAL LITERACY CHALLENGE http://www.daveramsey.com/press-release/dave-ramsey-celebrates-national-financial-literacy-month--with-the-financial-literacy-challenge http://www.daveramsey.com/press-release/dave-ramsey-celebrates-national-financial-literacy-month--with-the-financial-literacy-challenge Thu, 09 Apr 2015 16:04:09 CST NASHVILLE, Tenn. —To celebrate National Financial Literacy Month, New York Times best-selling author and nationally syndicated radio talk show host Dave Ramsey is inviting high school students across the country to test their personal finance knowledge by taking The Financial Literacy Challenge. Insurance didn't pay http://www.daveramsey.com/articles/articleList/category/100423/storyid/103896 http://www.daveramsey.com/articles/articleList/category/100423/storyid/103896 Thu, 09 Apr 2015 05:40:08 CST I had my 3rd child last fall and decided to breastfeed her. I took the breastfeed class at the hospital where a lady in the class suggested that the insurance would pay for a breastpump. They're pricy around $300. So long story short, I called the insurance company jumped through every single hoop from using a provider medical supply company to getting the correct one and everything. I called verified and reverified. I paid for it, they billed insurance the rest. 7 months later Im getting a bill because the insurance won't pay, and the business won't accept the adjusted amount. So now I'm paying again. It was such a headache, lesson learned, just buy what you want from where you want. funny fact, baby won't even take a bottle at all, but I'm still breastfeeding, so it was all stupid tax! Dave Says - April 6, 2015 http://www.daveramsey.com/davesays/column/column/dave_says_2015-04-06 http://www.daveramsey.com/davesays/column/column/dave_says_2015-04-06 Mon, 06 Apr 2015 11:04:32 CST We have two girls in competitive gymnastics, and it's costing $12,000 to $15,000 a year at a professional gym to do all this ... Dave Says - March 30, 2015 http://www.daveramsey.com/davesays/column/column/dave_says_2015-03-30 http://www.daveramsey.com/davesays/column/column/dave_says_2015-03-30 Mon, 30 Mar 2015 10:03:19 CST My parents are going through a divorce, and money issues are a big part of the problem ... NEW EVERYDOLLAR TOOL TAKES THE STRESS OUT OF BUDGETING http://www.daveramsey.com/press-release/new-everydollar-tool-takes-the-stress-out-of-budgeting http://www.daveramsey.com/press-release/new-everydollar-tool-takes-the-stress-out-of-budgeting Mon, 23 Mar 2015 16:03:27 CST Get your household budget in order by using EveryDollar, the newly released, free budget tool from personal finance expert Dave Ramsey. Dave Says - March 23, 2015 http://www.daveramsey.com/davesays/column/column/dave_says_2015-03-23 http://www.daveramsey.com/davesays/column/column/dave_says_2015-03-23 Mon, 23 Mar 2015 11:03:00 CST What's your opinion on rewarding kids with money for getting good grades in school? BRAND NEW CLASS HELPS PARENTS RAISE MONEY SMART KIDS IN A DEBT-FILLED WORLD http://www.daveramsey.com/press-release/brand-new-class-helps-parents-raise-money-smart-kids-in-a-debt-filled-world http://www.daveramsey.com/press-release/brand-new-class-helps-parents-raise-money-smart-kids-in-a-debt-filled-world Fri, 20 Mar 2015 09:03:40 CST mart Money Smart Kids, the #1 New York Times best-selling book, is the inspiration for a new class designed to help parents teach children to win with money. FINANCIAL EXPERT CHRIS HOGAN BRINGS RETIREMENT EVENT TO DALLAS http://www.daveramsey.com/press-release/financial-expert-chris-hogan-brings-retirement-event-to-dallas http://www.daveramsey.com/press-release/financial-expert-chris-hogan-brings-retirement-event-to-dallas Wed, 18 Mar 2015 15:03:07 CST Nashville, Tenn. – Chris Hogan, retirement and financial expert, will be presenting his new “Retire Inspired” event in Dallas on April 11 at 9:00a.m. CT at Bent Tree Bible Fellowship. Hogan has helped thousands of people get control of their money during his 20 years in the financial industry, including the past 10 years as part of New York Times best-selling author Dave Ramsey’s team. Now Hogan is taking this message to the stage to give people a step-by-step plan for taking control of their money, and properly preparing themselves for long-term financial success. Too Trusting.... http://www.daveramsey.com/articles/articleList/category/100423/storyid/103793 http://www.daveramsey.com/articles/articleList/category/100423/storyid/103793 Fri, 13 Mar 2015 10:42:15 CST I have 4 children. 3 girls and one boy. The 3 girls all went into the medical field with one becoming a doctor and the other two are nurses. They easily take care of themselves. They have always been honest with me. I spent small amounts of money getting them to where they are, never any waste and money well spent. My son on the other hand was a challenge. First, I paid over $5000 for him to attend the police academy. He finished it and became a cop for about 3 years. But he got bored with the job and claimed it wasn't for him, so he quit. By this time, he's in his late 20's to early 30's. He came to me to borrow money to go to helicopter school as he wanted to ultimately become a med-vac pilot. I was ok with this but the cost of this school was high. I figured it would cost him $60K to get through it. He had a little money saved so I pulled money from my 401(k) to lend to him (first mistake). I lent him $44K and I told him repeatedly that I had to have that money back as it was my retirement. I tried to protect myself as best I could so I had him sign a note to detail the debt between he and my wife. He, myself and my wife all signed it. He started the school and for awhile he seemed to be doing quite well, excelling actually. I was proud of him and believed he might actually pull this off. The training peaks with "Instrument Rating" which he completed, right up to the check-ride flight which he decided to not do. He got past the hardest part of the training and then decided it wasn't for him. So, you guessed it, he bailed on me and literally disappeared for 2 years. He finally surfaced, financially broke and asking for more money, which he didn't get. I'll never get that training money back regardless of the agreement. But it's on me, I should have never ever ever lent it to him in the first place. Emotion took over when I should have looked at how irresponsible he is and not that he is my only son. This has proven to be a very expensive lesson. impulsive car purchase http://www.daveramsey.com/articles/articleList/category/100423/storyid/103791 http://www.daveramsey.com/articles/articleList/category/100423/storyid/103791 Fri, 13 Mar 2015 03:59:52 CST I was debt free except for my student loan. I had been able to purchase a care, thanks to an inheritance. I had a bad experience with the car dealer and was so angry that I sold the car and bought another one. now I have a car payment on a car that I can't afford. I can't work right now due to health issues. I also impulsively went back to college and incurred student debt but never did graduate with a degree in a field that I am totally unsuited to work in-no aptitude or talent for the area. due to a mix up the lender didn't receive my payment so I put a stop payment on the check and spent the money on dumb stuff. then I got upset because someone told me that I didn't have enough to begin investing because I didn't have enough in my emergency fund and I felt like a failure and that I couldn't do anything right. ended up using credit cards to meet every day expenses. I have been able to pay off the 2 credit cards but still have the car payment and the student loan payment. my remaining income is not guaranteed so I am now living in fear, not financial peace and freedom. moral of the story-seek Godly counsel. learn to forgive those who use you in business and don't use that as an excuse for rationalizing or justifying poor financial decisions. wait before making major financial decisions and learn not to make decisions on impulsive or while angry or feeling hurt. it is major, major, major stupid tax to do so. One Dull Crayon http://www.daveramsey.com/articles/articleList/category/100423/storyid/103726 http://www.daveramsey.com/articles/articleList/category/100423/storyid/103726 Thu, 26 Feb 2015 10:46:23 CST I graduated high school in 2010 with enough scholarship income to completely pay for my college education. I attended an in-state university with no out of pocket expense my freshman year. When I returned my sophomore year, one of my scholarships had been reduced. That's no big deal, all I'd have had to do was go to WORK and cover the rest myself. I decided to take out my first student loan to cover the rest of tuition and to give myself a little 'spending money'. Stupid, right? I soon found a girlfriend and I wanted to make her feel special, so I spent way more money that I normally would during college (all for the relationship to end at graduation). I gradually increased my student loan debt over the next three years. I had a job, but I could've worked WAY more. I graduated in 2014 with $13000 in student loan debt. I quickly found work, and decided (ignorantly) that I deserved a new motorcycle. I could've paid cash for it if I had waited a few more months, but I wanted it NOW. So tack on an extra $5100 in debt and I found myself roughly $18000 in debt, all of which was TOTALLY AVOIDABLE. Now I'm vigorously working through the debt snowball and should be debt free later next year (2016). Moral of the story: Work when you're in school and don't borrow money to impress a girl who's probably going to break up with you anyway. And be patient with your purchases. A little patience and common sense could've kept me from digging out of a hole in my early twenties. FAFSA Stupid Tax http://www.daveramsey.com/articles/articleList/category/100423/storyid/103716 http://www.daveramsey.com/articles/articleList/category/100423/storyid/103716 Thu, 26 Feb 2015 08:36:42 CST While helping my 18yr old niece complete her FAFSA for enrollment in student aid I Googled FAFSA and chose the first form the popped up on the search. Not realizing I was on a .com and not a .gov I filled out the form with all of her parents and her personal information and used my debit card to pay the $78 filing fee. I of course skipped right over the terms of service and paid without thinking. About ten minutes later I realized my mistake when reading the words FAFSA free application. By the time I was able to request a refund only during weekly business hours, they only refunded the unused portion of the fee which amounted to $39. So I paid the $39 stupid tax. Moral of the story the form is free people, make sure you are on a .gov site! Expensive home security http://www.daveramsey.com/articles/articleList/category/100423/storyid/103699 http://www.daveramsey.com/articles/articleList/category/100423/storyid/103699 Wed, 25 Feb 2015 05:38:03 CST Last year my dear husband made the mistake of allowing a Vivint (home security) salesman into our home. This salesman was top-notch, and after an evening of slowly reeling us in, as we sat down to sign the papers the ugly truth emerged--the contract for this security system would be for FIVE YEARS! And the craziest part is that my husband and I stupidly signed anyway! Who has a five year contract for something?! That's just nuts! Cell phones, TV, internet, electricity, etc, etc are usually 1-2 years tops. I don't know what we were thinking! It's a great security system, but we didn't realize how much more expensive it is compared to other systems because we didn't shop around first (also dumb). So now we're stuck paying a whopping $75 a month for 5 years! No way out of it unless we can prove we were mislead in some way. Stupid, stupid, stupid! ALPHA GAMMA RHO FRATERNITY OFFERING FOUNDATIONS IN PERSONAL FINANCE TO MEMBERS THROUGH E-LEARNING PLATFORM http://www.daveramsey.com/press-release/alpha-gamma-rho-fraternity-offering-foundations-in-personal-finance-to-members-through-e-learning-platform http://www.daveramsey.com/press-release/alpha-gamma-rho-fraternity-offering-foundations-in-personal-finance-to-members-through-e-learning-platform Tue, 24 Feb 2015 15:02:17 CST Alpha Gamma Rho Fraternity is offering Foundations in Personal Finance: College Edition to all of its collegiate members and chapters. Foundations in Personal Finance: College Edition was created to challenge the way students view money and encourage them to make better financial decisions by teaching them the basics of saving, giving and spending. NEW SMARTDOLLAR PROGRAM HELPS COMPANIES TEACH THEIR EMPLOYEES HOW TO BE FINANCIALLY SUCCESSFUL http://www.daveramsey.com/press-release/new-smartdollar-program-helps-companies-teach-their-employees--how-to-be-financially-successful http://www.daveramsey.com/press-release/new-smartdollar-program-helps-companies-teach-their-employees--how-to-be-financially-successful Tue, 24 Feb 2015 15:02:03 CST SmartDollar, a brand new financial wellness program from money expert Dave Ramsey, helps companies and plan advisors equip their employees and participants to better handle their finances so that they can look ahead at the future and retire with dignity. HUSBAND GOT A 9 MOS LAYOFF NOTICE http://www.daveramsey.com/articles/articleList/category/100423/storyid/103678 http://www.daveramsey.com/articles/articleList/category/100423/storyid/103678 Thu, 19 Feb 2015 02:32:44 CST Two weeks before Christmas 2014, my husband received a 9 month notice his California company was moving their operations to another state and they had their own team to take over. Because of Dave's teachings, we were totally debt free (except for our mortgage), and had a savings to begin fixing up the house to sell. We were able to cash flow everything including our move to Utah, and put a down payment on a townhouse. We were able to take the ride for the severance package, rolled over to new jobs & now will have our home paid off in 10 years along with becoming "gazelle intense" socking away for our retirement for a projected amount of $1 million plus in 13 years. "LIFE" CAN BE AN OPPORTUNITY & NOT A CRISIS WHEN YOU ARE DEBT FREE! Thank you Dave! Student Loan Debt Overload http://www.daveramsey.com/articles/articleList/category/100423/storyid/103661 http://www.daveramsey.com/articles/articleList/category/100423/storyid/103661 Tue, 17 Feb 2015 12:55:14 CST Like most students in university, my husband (boyfriend at the time) and I didn't think twice about taking on huge amounts of student loans. Not to mention my family encouraged it. I remember being disappointed if I got less money one semester than one of my friends....yah, it was that bad. Well fast forward to graduation in 2011 for me with an undergraduate degree & a masters and my husband graduated in 2009 with a undergrad. We had a combined student loan debt of $110,000 at 5.5% interest + $10,000 in credit card and line of credit debt @7%....YIKES. The sad thing is, like most grads, I felt entitled to get the job I "deserved" and because of that missed some great opportunities and learning experiences. It was not until Feb 2013 when reality smacked me down to earth that my husband and I started going gazelle intense on paying off all of our debts. Its Feb 2015 and we are $25K away from being DEBT-FREE. We also give a tithe to our church are heavily involved in our community and seek God for guidance in everything we do. Thank you so much Dave Ramsey for your teachings. We listen/watch your show regularly and are grateful for your ministry. $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." Pay off debt first https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130311 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130311 2015-05-27 10:30:58.313 After taking a closer look at their budget and debts, Craig and his wife are having second thoughts about finalizing a deal on a house. He calls in from Miami, FL, and Dave offers his opinion on the situation. A dangerous situation https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130303 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130303 2015-05-21 10:13:19.3 Kate recently took out a HELOC, with no first mortgage, and now she wants to roll other debt into the loan. Dave explains why this is a bad idea, and gives her a better, safer solution. Save extra instead https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130289 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130289 2015-05-14 09:47:37.37 Sarah calls Dave from Mobile, AL, because she recently applied for life insurance with a child rider. However, she was denied the rider portion due to her son's condition. Dave offers some advice, along with hope for the future. Budget together https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130252 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130252 2015-05-08 09:52:07.593 Cheryl and her husband are having money issues, and Dave thinks it's because they're not working together. He has lots of good advice for becoming one with money in a marriage. Ahead of time https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130230 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130230 2015-05-04 14:04:26.397 Stephanie and her husband are a little confused about the Baby Steps. She calls in from Dallas, Texas, to get Dave's help. Stay with the bank https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130214 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130214 2015-04-24 00:00:00.0 Steve is wondering if he and his wife should have their emergency fund in another bank, one different one from where they keep their checking and savings accounts. Dave thinks it's okay for them to stay with their bank, and he explains why. Stick with mutual funds https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130208 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130208 2015-04-23 09:57:58.98 Becky calls in from Vicksburg, MS. She has her emergency fund in place and has been investing in mutual funds. Recently, a financial planner suggested that Becky invest in bonds. Dave isn't a fan of the idea. Mortgage or Save? https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130189 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130189 2015-04-14 14:01:09.81 Kevin in Midland, Texas, just became debt-free. He currently rents, but wants to buy a home, and asks Dave the best way to approach buying a house. Dave has a couple of options for Kevin, and thinks he knows what Kevin will do. No Gossip Allowed https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130183 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130183 2015-04-14 09:31:22.383 Troy owns a small business that is based in Durham, NC. He has attended Dave's EntreLeadership Master Series class, and he wants to implement a "no gossip" policy at his company. Dave gives him a few pointers for getting the idea off the ground. God Whispering To You https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130147 https://www.mytotalmoneymakeover.com/?event=dspAskDave&intContentItemID=130147 2015-04-03 09:23:58.813 Randy is eligible to receive money from a class action lawsuit, but he doesn't feel like he was wronged in any way. He calls Dave from Dallas, Texas, for some help making the right decision.