DAVE RAMSEY

Dave says: Embracing financial discipline is a sacrifice you won’t regret

Feb 4, 2024, 5:45 AM

Someone logs their financial progress on a self-made savings tracker....

(Pexels Photo)

(Pexels Photo)

Dear Dave,

I switched to a debit card so that the money I spend comes directly from my checking account. But I still have a problem some months with overspending and buying things I shouldn’t. Do you think I should stop using my debit card?

Debbie

Dear Debbie,

When I made the decision to get intentional with my money, I just used cash. It’s hard to spend it when you don’t have any on you. It’s a tough thing, I know, but you have to make a conscious decision to start living differently. You’ve got to get mad at the things that steal your money a dollar or two at a time enough to take action.

Try looking at your life as a whole, not a moment at time. All the moments you’re living right now will have either a positive or negative effect on your future. I decided I wanted the greater, long-term good, so I gave up on the short-term stuff.

Debit cards are great tools. You can’t spend money you don’t have with them like you can with a credit card. But you’ve still got to budget very carefully for each month, and give a name and a job to every single penny of your income. Otherwise, you can still overspend.

—Dave

ENDORSEMENTS

Dave Ramsey

Feeling unmotivated despite financial success? Discover Dave's heartfelt advice on finding and livi...

Dave Ramsey

Dave says: Here’s some advice for a financially blessed couple

Feeling unmotivated despite financial success? Discover Dave's heartfelt advice on finding and living out God's purpose beyond wealth.

6 days ago

Here are my tips for staying sane over the summer break so you and your family can get the most fun...

Rachel Cruze

Here are 5 tips for staying sane this summer as a mother

Here are my tips for staying sane over the summer break so you and your family can get the most fun and joy out of the season!

8 days ago

In this article, Dave Ramsey speaks to a college student about financial priorities. (Pexels File P...

Dave Ramsey

Dave says: If I had to sacrifice school, work or cost of living, I’d do the latter

Dave advises Will to continue living at home if it helps achieve academic goals without debt, even if it delays independence.

13 days ago

Compassion and boundaries by Dave Ramsey...

Dave Ramsey

Dave’s entre-leadership: Compassion and reasonable boundaries

Navigating waters as a new business owner can be challenging, especially when trying to discern if an employee is taking advantage of you.

15 days ago

Days says wedding worries should be last on the list of things to worry about...

Dave Ramsey

Dave says: Wedding worries and emergency fund questions

There’s no correlation whatsoever between the size and/or cost of a wedding, and the happiness and success of the marriage.

20 days ago

If you ever find yourself owing back thousands of dollars to the IRS and can't afford it, then usin...

Dave Ramsey

Dave says: It really becomes about the lesser of the two evils

If you ever find yourself owing back thousands of dollars to the IRS and can't afford it, then using a personal loan is the best route.

27 days ago

Sponsored Articles

...

Condor Airlines

Condor Airlines can get you smoothly from Phoenix to Frankfurt on new A330-900neo airplane

Adventure Awaits! And there's no better way to experience the vacation of your dreams than traveling with Condor Airlines.

...

DESERT INSTITUTE FOR SPINE CARE

Desert Institute for Spine Care is the place for weekend warriors to fix their back pain

Spring has sprung and nothing is better than March in Arizona. The temperatures are perfect and with the beautiful weather, Arizona has become a hotbed for hikers, runners, golfers, pickleball players and all types of weekend warriors.

...

Collins Comfort Masters

Here’s 1 way to ensure your family is drinking safe water

Water is maybe one of the most important resources in our lives, and especially if you have kids, you want them to have access to safe water.

Dave says: Embracing financial discipline is a sacrifice you won’t regret