The Ramsey Show A Written Plan Will Always Keep You On Track
12 snips
Oct 9, 2025 Are you struggling with credit card collections and IRS bills? The hosts guide listeners on prioritizing debts smartly. Curious about budgeting conflicts? They suggest a collaborative approach for couples to find common ground. Thinking of buying a new truck? Discover whether to invest in a high-end option or a used vehicle. Also, is early retirement a wise choice? The discussion highlights planning for financial and personal fulfillment. Plus, they tackle whether online wills suffice for protecting your estate.
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Prioritize IRS Debt And Negotiate Collectors
- Pay the IRS first and pause other collection negotiations until the tax bill is cleared.
- Call collectors to negotiate settlements or payment dates and never give them direct access to your bank account.
Pay Cash For Vehicles Under Income Ratio
- Buy vehicles with cash and keep total vehicle/motor costs under half your annual income.
- If you need a temporary car, choose a reliable used truck (~$20K) instead of stretching to new.
Crunch Refinance Vs Recast Numbers First
- Get quotes for a 15-year refinance and run a break-even analysis before changing loans.
- Remember recasting only lowers monthly payment but doesn't reduce interest rate or loan term.
