Can I Add My 3yo Kid to My Payroll for the Tax Benefits? (Hour 1)

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 • 38.5K Ratings

🗓️ 14 June 2023

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dave Ramsey & Rachel Cruze answer your questions and discuss: "Should I take out a car loan so I can keep my employer's car allowance?" "Can I put my kids on our payroll so we can put money into a 401(k) for them?" Selling a house to pay off debt, from the blog: Should You Sell Your Home to Knock Out Debt? How spouses can balancing handling finances together. Support Our Sponsor: PODS Moving & Storage Churchill Mortgage Christian Healthcare Ministries Neighborly Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Join a Personality-led FPU class. Click here! Want a plan for your money? Find out where to start: https://bit.ly/3cEP4n6 Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Interested in advertising on The Ramsey Show? https://ter.li/s64ye3 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Even with superimposing music você viveu látrega.
0:15.5	Live from the headquarters of Ramsay Solutions, broadcasting from the pods, moving and storage
0:32.9	studios.
0:33.9	It's the Ramsay Show where we help people.
0:37.9	Build wealth, do work, that they love and create actual amazing relationships.
0:44.1	Number one best selling author, host of the Smart Money Happy Arcohoes, the Smart Money
0:49.3	Happy Arcohoes, Rachel Cruz, Ramsay Personality, my daughter is my co-host today.
0:53.8	Open phones at AAA8255225, AAA8255225, Olivia starts off this hour in Columbia, South
1:04.1	Carolina.
1:05.1	Hi Olivia, welcome to the Ramsay Show.
1:08.1	Hi, thank you so much for having me.
1:10.6	Sure, what's up?
1:12.8	So I get like a separate line out of my paycheck for $600 for a car allowance every month.
1:19.0	I have to have a car nearer than five years.
1:20.7	I've been pushing it to year seven and they're just now saying like you need a new car.
1:26.1	So I'm trying to decide if I should just like say never mind, don't give it too many
1:30.3	more because we've been throwing it at our debt because we're in baby set two.
1:33.6	We're going to be done either in a month or December or should we sell my husband's truck
1:39.2	because he has a work car that you can use for personal use.
1:42.5	It's in his contract.
1:43.5	It's totally fine.
1:44.5	And then buy a new car with like the rest of that or I just don't know what to do.
	...

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