You Share a Bed but You Can’t Share a Bank Account? (Hour 1)

The Ramsey Show

Ramsey Network

Investing, Self-improvement, Education, Business

4.5 • 38.5K Ratings

🗓️ 7 July 2023

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jade Warshaw & Rachel Cruze answer your questions and discuss: "How much should we put into our sinking funds?" from the blog: What Is a Sinking Fund and How Do You Create One? Why you can't compartmentalize money in your life or your marriage, Should I rent or buy after moving? "Will student loan repayment options hinder our Baby Step 2?" "Should we sell our house to pay off debt?" Support Our Sponsor: Zander Insurance NetSuite Churchill Mortgage Neighborly Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Here's an EveryDollar deal just for our listeners: get a 14-day free trial PLUS $15 off your first year of premium. Click the link below and start budgeting today! www.everydollar.com/jade 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 Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Glenn Langer
0:05.5	Live from the headquarters of Ramsey Solutions, broadcasting from the pods moving and storage
1:05.0	to
1:35.0	And just trying to figure out how we want to pay off our house quickly, we should go about
1:41.6	doing that and it's for allocating too much money into our thinking funds.
1:45.3	What are the thinking funds for Tanner?
1:48.9	So mostly like travel, Christmas, presents, kids expenses, some medical emergency and
1:56.0	annual membership renewals.
2:00.1	And how much are you guys putting towards the house right now?
2:04.3	We're just paying the mortgage payment so it's around 2300 a month.
2:10.0	So nothing on top of that.
2:12.0	Nothing on top of just the mortgage.
2:15.9	And you have no other debt, correct?
2:17.3	This is?
2:18.3	Yes, correct.
2:19.5	Okay.
2:20.5	And putting 15% to retirement.
2:24.5	Right now we're around 12%, but we're going to bump that up soon.
2:27.9	Okay.
2:28.9	So I would definitely bump that up to 15% before I started making additional mortgage
2:33.0	payments.
2:34.0	Yeah.
	...

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