Debt Or Wife?

Daniel has $400 left on his last debt. He doesn't have the full $1,000 in his baby emergency fund but wants to go ahead and buy an engagement ring. Should he do it?

QUESTION: Daniel in Texas has $400 left on his last debt. He doesn’t have the full $1,000 in his baby emergency fund but wants to go ahead and buy an engagement ring. Should he do it? Dave tells Daniel to go ahead and get the ring.

ANSWER: Yeah, I think you buy a ring. Pay cash for it. We’re not ever doing payments again. You learned your lesson early.