Dave Ramsey

Christmas emergency

Question: Mike asks if he can spend his baby emergency fund on Christmas if he knows he can replace it in January.

Dave Ramsey's advice: Absolutely not. Don't have your family down to nothing. That would be financial suicide. If it's the only money you have and you use a little bit for Christmas, that's fine. But using all of it opens the door to disaster. If you need some extra money for Christmas, work an extra job.


You tell 'em, baby!

Listener is confused about what a baby emergency fund is. Hear Dave Ramsey's laughter and answer.