Don’t Make These Stupid Mistakes With Money (Hour 1)

The Ramsey Show

Ramsey Network

Business, Education, Investing, Self-improvement

4.6 • 36.7K Ratings

🗓️ 18 January 2023

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

George Kamel & Jade Warshaw answer your questions and discuss: How much to spend on a new vehicle, "We're having a hard time tracking expenses" from the blog: Baby Step 1: Your Budgeting Guide Keeping two jobs vs. only one job that pays better, "Should I pull from single stocks to pay off debt?" from the blog: Should I Use My Investments to Pay Off Debt? Making stupid mistakes with money, "Should I get a construction loan?" Support Our Sponsor: Christian Healthcare Ministries Zander Insurance PODS Moving & Storage Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	MUSIC
0:28.0	entry
0:29.9	from the headquarters of Ramsey Solutions, broadcasting from the pods moving in
0:33.9	storage studio, it's the Ramsey Show, where America hangs out to have a
0:37.7	conversation about your life and your life. I'm George Campbell, joining the
0:41.8	Sauer by Jade Warshaw, and we're taking your calls at AAA8255225. That's
0:48.4	AAA8255225. Ben is kicking us off in Idaho Falls. Ben, welcome to the Ramsey Show.
0:57.1	Thanks, thanks for being my call. Absolutely. Hey, so just a quick question I wanted to
1:05.7	get an opinion on. My wife and I are looking at vehicles and just wondering for a second
1:16.1	opinion on how much to responsibly spend, also trying to get something reliable that's
1:24.2	going to last a long time. Cool. Do you guys have any debt? We do not. Awesome. And what's
1:32.3	your income looking like? About 60. 60K. And you said this would be your second
1:39.1	vehicle, right? Correct. Okay. How much is the first vehicle that you have? What's
1:46.2	it worth? Probably about 3500. Oh, okay. So you guys are frugal, frugal. Have you been
1:52.5	saving already? We have, but not specifically for this. I just need a vehicle for my job,
2:01.3	specifically a truck. And just kind of wondering how much I can plan on spending responsibly.
2:10.3	Well, do you have any you don't have any savings saved up three to six months or anything
2:14.3	like that? We do. We do. So we actually have about 50,000. Oh, okay. That was really
2:22.9	just toward. I was actually just toward the house and and just savings. Okay. So you've
2:30.2	got your three to six months bundled up with just kind of general miscellaneous savings.
2:36.1	So what I would do is I would separate the six month mark. Like I would separate out
2:41.1	what you need for three to six months of expenses in your case. Let's go for six months.
	...

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