Managing Renovation Budgets and Making Informed Spending Decisions

This chapter emphasizes the critical role of sticking to a budget and plan during major renovations in a fluctuating real estate market. It features a caller discussing their experiences with spending decisions, particularly concerning the potential purchase of a $100,000 recreational vehicle.

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

📈⁠⁠⁠⁠⁠⁠ ⁠Are you on track with the Baby Steps? Get a Free Personalized Plan⁠⁠⁠⁠⁠⁠⁠

Dave Ramsey and Dr. John Delony answer your questions and discuss:

"How do I help my grandma get into an apartment without co-signing?"
"How do I best use unlimited overtime?"
"Where should I keep the inheritance my dad left for my children?"
"We disagree on who should pay for my mom's plane ticket when she comes to visit"
"Can we afford a boat?"
"How do we follow the Baby Steps while putting my husband through school?"
"Should I invest in real estate before paying off debt?"
"How do I break the cycle of living paycheck-to-paycheck?"
"What is a reasonable financial goal after paying off my house?"
"Am I wrong to feel like my in-laws are enabling my wife?"
"How can I get ahead in today's economy?"
"Is it okay to stop tithing to pay off debt?"
"Should we prioritize a $400k remodel over paying off the mortgage?"
"I have a $3m net worth but I struggle to spend anything"
"My husband lost his job 7 months ago and we haven't gotten back on our feet"