Here’s When Saving Your Money Is a Bad Idea
The Rachel Cruze Show
Ramsey Network
4.8 • 3.6K Ratings
🗓️ 19 September 2025
⏱️ 10 minutes
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| 0:00.0 | So I'm always fascinated by what really resonates with people on social media. |
| 0:10.1 | And so recently, a reel of mine got a lot of shares and comments. |
| 0:13.8 | And I was talking about when saving your money goes too far. |
| 0:18.2 | So we're going to revisit this. |
| 0:20.4 | So here's the reel I was talking about. |
| 0:22.6 | Hey, go spend your money. Yeah, I'm talking to you. If you have gotten out of debt, if you have |
| 0:28.6 | some money saved in an emergency funds and you have some extra margin, some extra money, go and enjoy |
| 0:34.3 | it. Some of you work so hard to get to a great place financially. And then you feel like |
| 0:39.0 | you're still in this bondage of like, oh, I can't spend anything. No, don't do that. No, open your hand. |
| 0:44.8 | Go and be generous. Pay for someone's meal. Go and spend it on experiences with the people that you love. |
| 0:51.2 | Use money as a tool in your life to enjoy it. Don't hoard it. Okay, and here's what I meant in this post, that so many people work the Ramsey plan, and they are so locked in, they are so committed, which I so appreciate, because I think you do have to be pretty hardcore to see progress with your money, and it's going to feel really hardcore, especially if you change the way you've been handling money, right? If debt's been a part of your life and you stop going into debt and you start paying it off, it's going to feel hardcore. Or you're budgeting and you're saying no, maybe to yourself that you haven't said no to yourself in a long time. You're like, nope, we are not going out to eat because we don't have any more money in the budget. So no. Like, that can feel really hardcore. |
| 1:28.4 | But what is so great, though, is you see so much momentum when you go scorched earth, especially at the beginning, where we always say, you know, you're not going on to eat, you're not going on vacation, do nothing with your money, but get out of debt. Let that be one of your first goals. And then get an emergency fund in place. |
| 1:44.6 | And once all of that is set, |
| 1:46.0 | then you can move on to Baby Steps 4, 5, 6, let that be one of your first goals and then get an emergency fund in place and once all of that is |
| 1:45.6 | set then you can move on to baby steps four five six and then eventually seven which means you're |
| 1:50.9 | funding retirement saving for kids college putting some extra money towards the house to get it paid off |
| 1:55.7 | sooner like all of this which is so great but that is the place where you have a little bit more of that |
| 2:01.7 | wiggle room, where you're like, yeah, you know, you can upgrade furniture, you can go on a trip, |
| 2:05.8 | upgrade a car, like actually do things with your life, where at the beginning, you're doing nothing |
| 2:10.9 | with your money, but paying off debt and getting an emergency fund. Once you do that, though, |
| 2:16.5 | then the next step is this mindset of like relaxing and you're |
| 2:19.3 | okay. Yes, you still have a plan. You're still doing some active things with your money, which is |
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