DAVE RAMSEY

Dave Ramsey says: Parent’s request for secrecy about loan is out of bounds

Jul 13, 2021, 12:15 PM
(Pexels Photo)...
(Pexels Photo)
(Pexels Photo)

Dear Dave,

My wife and I are in our late 20s, and we’re on Baby Step 6.

Recently, my mom reached out to me for help. She has a car lease that ends next month, and she asked to borrow $2,000 so she can pay it off.

It’s a weird situation because my parents keep separate accounts and don’t combine their finances. My mom also asked me not to tell my wife about all this.

What’s your advice?

– Daniel

Dear Daniel,

I don’t do anything I can’t tell my wife about – ever.

If I’m in a meeting, and someone tells me what’s said in that room has to stay in that room, that I can’t talk to anyone else about it under any circumstances, I’ll get up and leave. In my mind, keeping things from my wife is against the law.

Your mom is out of control to even think about asking you to do this, and you need to have a serious talk with her.

Let her know you love her, but she has no right to ask this of you, and it’s not something you’d do. Let her know, too, that she’s never to ask for anything like this again.

If she needs $2,000, she should be talking to her husband about the idea. They should be living with combined finances anyway. So, it sounds like they’ve got issues to straighten out between themselves.

It’s time folks started laying their cards on the table and stopped sneaking around. That’s no way for a husband and wife to live, and your mom has no business trying to drag you into all of it behind everyone’s back!

— Dave

Dave Ramsey

(Pexels Photo)...
Dave Ramsey

Dave Ramsey says: Pay off the debts in collection starting with smallest

There’s no upside to not paying what you owe. It’s an integrity issue, it’s a legal issue, and it’s a credit issue. Start knocking out the debt that’s in collections from smallest to largest.
5 days ago
(AP Photo/J Pat Carter, File)...
George Kamel

Make the most of marketing schemes Black Friday, Cyber Monday

We’ve all made our share of shopping mistakes on that fateful weekend after Thanksgiving, but not this year, my friends. Here are six money-saving tips that will make these sales work for you.
7 days ago
(Pexels Photo)...
Dave Ramsey

Dave Ramsey says: It’s best to pay off old and new debts

If you've borrowed money, it's best to pay off debt starting with the oldest to newest, as it can cause many issues.
12 days ago
(Pixabay Photo)...
Rachel Cruze

Your emergency fund is not for Christmas spending so keep hands off

When you’re trying to take control of your money, saving for an emergency fund is a crucial part of the process. Keep that emergency fund safe from your spending this holiday season.
14 days ago
(Pixabay Photo)...
Dave Ramsey

Dave Ramsey says: Best to wait until first house sells before buying another

In any economy, it's a smart play to sell one house before you buy another, especially if you're moving. Make sure the timing on the deal makes sense.
19 days ago
(Pexels Photo)...
John Delony

How to take control of election anxiety as Nov. 8 approaches

Don’t let anxiety and fear steal your joy, mental health or determination to do what’s right during this election season.
21 days ago

Sponsored Articles

...
Children’s Cancer Network

Children’s Cancer Network celebrates cancer-fighting superheroes, raises funds during September’s Childhood Cancer Awareness Month

Jace Hyduchak was like most other kids in his kindergarten class: He loved to play basketball, dress up like his favorite superheroes and jump as high as his pint-sized body would take him on his backyard trampoline.
...
SCHWARTZ LASER EYE CENTER

Key dates for Arizona sports fans to look forward to this fall

Fall brings new beginnings in different ways for Arizona’s professional sports teams like the Cardinals and Coyotes.
...
Day & Night Air Conditioning, Heating and Plumbing

Ways to prevent clogged drains and what to do if you’re too late

While there are a variety of ways to prevent clogged drains, it's equally as important to know what to do when you're already too late.
Dave Ramsey says: Parent’s request for secrecy about loan is out of bounds