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The Ramsey Show Highlights

Do This if You Want To Stay in the Middle Class

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 29 May 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

💵 Sign up for EveryDollar today - Create a free Budget! Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch entertaining calls, Dave Rants, guest interviews, and more! Next Steps 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! Listen to more from Ramsey Network 🎙️ The Ramsey Show   🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership 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

Brought to you by the Every Dollar app.

0:04.3

Start budgeting for free today.

0:06.6

So my question is my husband and I are deciding whether we should buy a new car or not.

0:13.8

We are looking at use.

0:15.8

The situation basically is right now we both have vehicles.

0:23.7

My car, I have a three hundred and fifty dollar car payment on my husband's car is paid off it has about a hundred

0:29.6

thousand miles and it is out of inspection it has no air conditioning it needs

0:36.7

about four thousand dollars worth of work we do have two young

0:42.0

children um so you know we do rely on that vehicle as well for transportation um so my question

0:49.3

basically is we're if you if it's out of inspection does it have a tag on it um yeah so it's what i say it's out of

0:57.1

inspection it's all this as of this month so it's something where we're coming up on about you know

1:03.8

should we pay to have all this worked on um to keep it you know inspected and legal after this month is up?

1:12.6

Or do we go ahead and proceed with starting the process of looking for a new car, a used car,

1:20.5

or something along those lines?

1:22.3

Okay.

1:22.8

You don't have any money, do you?

1:26.7

So we have money and savings how much um we have about

1:31.5

20,000 savings okay all right so um the first thing is I'm just calling BS on the 4,000 I think

1:41.3

you cooked that number because you wanted to get rid of the car.

1:49.9

So I think you can actually get that car fixed for probably half of that if you started working on a little bit. But you jacked it up because you're sick of it and you're trying to figure out a way

1:53.1

to justify getting a car. If you want to get a car, it's okay, get a car. But I don't think it takes $4,000 to get that car back up and get it running to where it

2:02.4

should be to pass inspection. I think you can get a different mechanic to look at it. Somebody that's not,

...

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