The Ramsey Show How to Escape Living Paycheck to Paycheck
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Dec 11, 2024 Explore the intriguing financial conundrums faced by couples, from navigating expenses on a high income to deciding on major purchases like cars. Delve into the emotional complexities of merging finances in marriage, with discussions on prenuptial agreements and debt management. Learn about the perils of cash value insurance and why term insurance is often a better bet. Plus, uncover strategies for financial stability during life changes, balancing budgeting with long-term investment growth.
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Managing a Special Needs Trust
- Invest a portion of special needs trust funds in growth stock mutual funds for potentially higher returns.
- Keep a significant chunk in high-yield savings for readily available funds.
Car Repairs vs. New Car
- Avoid buying a new car when facing financial strain due to car repairs.
- Explore cheaper repair options like used or rebuilt engines before replacing a vehicle.
High Income, Low Savings
- Create a detailed budget with your spouse to control spending and increase savings.
- Address lifestyle issues and be intentional with your finances.