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Dave Ramsey

Will this hit me?

Question: Jennifer is getting divorced and her husband wants to take out a car loan. How can she protect herself so she's not liable? Dave says it's pretty easy.

Dave Ramsey's advice: Unless you sign for the car, it won't affect you at all. He couldn't snicker it in there unless he signs his name fraudulently. The judge could hold you liable in divorce court, but that would be very unusual.


Getting divorced

Question: Sue Ellen is separated with 2 kids, heading toward divorce. How can she make the best choices as a future single mom?

Dave Ramsey's answer: There are a couple things you must do. Be very careful that you don't medicate all this pain you're going through with spending. That would make you human, but it puts the wrong medicine on the wound. About 70 to 80% of the ladies that go through this process want to stay in their home for the sake of the kids, even if they can't afford it. Take a good look at the house payment and see if it works. Build up your full emergency fund ($15,000 to $20,000) in a simple money market account so that, if he decides to not pay child support, you can absorb the income hit better.