Can We Justify a $400 Purchase after Becoming Debt Free

The Ramsey Show Highlights

Ramsey Network

Business, Education, Investing, Self-improvement

4.5 • 839 Ratings

🗓️ 8 May 2026

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	If your private student loans are in default, you're not out of options.
0:06.6	Go to whyrefi.com slash Ramsey.
0:08.8	So my husband and I are in Baby Step 3, and I want to spend $400 on a new kitchen appliance.
0:20.0	And my husband and I talked about it. He's listening right now. Hi,
0:23.1	my love. Hi, Tracy's husband. Could he thought if it was a good idea or not. Okay, how much do you
0:31.3	guys have saved? We have $1,800 right now in our savings account.
0:40.3	And we have the cash in our checking account to cover it just fine.
0:40.9	Okay. And what's the full, what's the goal for the three months?
0:45.6	Emergency funds, like 1,800 to what?
0:47.9	We were just saying that we needed to write down a number for that.
0:51.7	We only just finished Baby Step 2.
0:54.7	Okay.
0:55.3	Probably around 20,000.
0:57.1	And what's your household income?
0:59.8	About 50,000.
1:01.7	50,000.
1:03.3	Okay.
1:04.0	Yes.
1:04.7	Hopefully that will be increasing soon, but.
1:08.5	Like why?
1:09.8	And how much?
1:11.6	Changing jobs and changing career situations.
	...

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