The Ramsey Show Shortcuts Today Lead to Setbacks Tomorrow
8 snips
Aug 1, 2025 Explore the financial tips for parents expecting a child with special needs. Discover practical advice on managing student loan debt and mortgage payments while maintaining financial stability. Learn how to navigate relationships around money, including discussing engagement ring preferences and aligning financial goals with your partner. Gain insights on the importance of patience in major life decisions, like home buying, and the strategies to handle travel expenses efficiently. It's an insightful mix of real-life dilemmas and expert financial advice!
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Regain Income to Build Confidence
- If you're out of work and struggling, find a job now to restore income and confidence.
- Cover your four walls: rent, food, car, and utilities before tackling debt.
Cut Credit Cards After Emergency Fund
- Cut up your credit cards once emergency fund is established and debts paid.
- You can maintain a strong credit score with only a mortgage as your credit line.
Balance Emergency Fund and Retirement
- Once you have a 3-month emergency fund, prioritize funding retirement to get company match.
- Aim to invest 15% of income for a comfortable retirement, adjusting as income increases.
