Understanding Finances and the Importance of Budgeting

This chapter explores the importance of having a budgeting strategy based on an individual's financial situation, including assets from both a company sale and an inheritance IRA. The discussion highlights the EveryDollar budgeting app and the 2026 Ramsey Goal Planner as tools to help achieve financial and personal goals.

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

🎟️ ⁠The Ramsey Show Live Tour: Tell us where we should go next!⁠

Jade Warshaw and Ken Coleman answer your questions and discuss:

"Should we sell our home to get out of debt?"
"I don't see how I can finish college without taking on more debt..."
"Should I sell my rentals?"
"Can I afford to retire now?"
"How do I pay off a 401(k) loan?"
"Should I take out a loan to speed up building my house?"
"How do I financially prepare to leave my husband?"
"Is it normal to have difficulties changing from using credit cards to cash?"
"How do I make a budget?"
"My ex-wife and I disagree on the purchase of our son's first car..."
"The sale of our family business went sideways and wiped out my retirement..."
"My car is totaled and I don’t have savings. Should I get a car loan?"
"Should I pursue a relationship with a man when I'm not sure I trust him financially?"