A college student has signed up for a credit card against her father's advice. She hasn't made a payment and owes $3,500. Dave Ramsey advises dad not to bail her out.
A man has opened several credit accounts using his ex-wife's Social Security number. Dave Ramsey said let the police know and keep alerting the credit card companies to the fraud.
When you plan for retirement, a good financial adviser will help you make informed decisions about your money, and they will explain all aspects of your investments until you understand everything.
Never buy a return-of-premium life insurance policy, Dave Ramsey advises. When it comes to life insurance, always go with a good, 15- to 20-year level term policy.
It might be worth reconsidering a job that takes 20 percent of your paycheck to put toward a retirement account. That figure is unusually high, Dave Ramsey says.
An emergency fund is meant to be protection and you should have quick access to it. That's why putting that money into bonds isn't a good idea, Dave Ramsey says.
A couple with plans to buy a house have saved $90,000 and are free of debt. They should put that money into a good market account so it can grow, Dave Ramsey advises.
An emergency fund of about six months' expenses should be more than enough to cover a sudden house repair. It's a better plan than buying a home warranty, Dave Ramsey says.
Getting personal finances in order is easier if you follow a plan. Dave Ramsey's Baby Steps offer a way to set and reach the goal of smart money management.
Accepting a loan from parents or other relatives and friends can sometimes put a strain on that relationship. Dave Ramsey recommends showing your sincerity in paying back the money.
