Dave Ramsey's Blog, page 9

Dave Says - June 27, 2016

My parents left their six-figure jobs to enter the ministry when I was in high school. That was 10 years ago, and my mom still regularly asks me to share my money with them ...

Dave Says - June 21, 2016

I make $38,000 a year working in the trade show industry, and I'm about to start Baby Step 3. It took 14 months to pay off $8,000 in debt for Baby Step 2, so I'm wondering how long it should take to save up my three to six months of expenses ...

Millennials Outperforming Older Generations in Retirement Readiness

Even though Millennials have had less time to build their retirement wealth, they are already catching up to many of those who are closest to retirement, according to a new survey by Ramsey Solutions, a leading company in financial education.

Dave Says - June 14, 2016

My husband and I are retired, we both receive nice pensions, and we owe $46,000 on our home. This is our only debt. I'm 65, he is 82, and we have more than $800,000 in variable annuities, along with substantial cash in savings. We also have $200,000 combined in life insurance coverage ...

Dave Says - June 6, 2016

My mom and dad filed bankruptcy recently and are on a fixed income of $2,200 a month. They gave up their house, and my wife and I helped them find an apartment. We're also trying to give them other help while they're getting back on their feet ...

Dave Says - May 30, 2016

I'm 19 years old, and I'm putting myself through college debt-free. I usually work part time during the semesters, but right now I'm working full time. I have about $2,000 in mutual funds, and I was wondering ...

WINNERS ANNOUNCED IN DAVE RAMSEY’S FINANCIAL LITERACY CHALLENGE

Ramsey Solutions’ Foundations in Personal Finance announces the winners of the college scholarships awarded in Dave Ramsey’s Financial Literacy Challenge, including a $40,000 scholarship.

Dave Says - May 23, 2016

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 ...

Dave Says - May 16, 2016

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 ...

Dave Says - May 9, 2016

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?