Your Bank Balance Is a Reflection of Your Habits

The Ramsey Show

Ramsey Network

Business, Education, Investing, Self-improvement

4.6 • 36.7K Ratings

🗓️ 7 May 2025

⏱️ 88 minutes

🔗️ Recording | iTunes | RSS

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Summary

📈 ⁠Are you on track with the Baby Steps? Get a Free Personalized Plan⁠ 📱 Watch the full episode for free in the Ramsey Network app. Ken Coleman and Jade Warshaw answer your questions and discuss: "Should I drain my savings to pay off debt if I have a one-year-old?" "I'm 64 years old and my investments aren't making money," "How can I get out of a debt relief program?" "How can I grow my savings while working on my career?" "Should we share details about our financial situation with our kids?" "How do I deal with a family member who brags about how much money she makes and spends?" "How do we get out of $1M in debt?" Next Steps: ✅ ⁠Help us make the show better by taking this short survey!⁠ 📞 Have a question for the show? Call 888-825-5225 weekdays from 2–5 p.m. ET or ⁠send us an email.⁠ 💵⁠⁠ ⁠⁠⁠⁠⁠Start your free budget today. Download the EveryDollar app!⁠ 🎟️ ⁠⁠⁠Dave Ramsey and John Delony are going on tour this month! Get tickets today 🏠 Find a Ramsey Trusted Real Estate Agent 💰⁠Hurry—Your chance to win $5k is almost over! Enter the Ramsey Cash Giveaway today!⁠ Connect with our Sponsors: 🛒 Stop paying more and start shopping smarter at ⁠Aldi⁠ 🌱 Get 10% off your first month of⁠ BetterHelp⁠ 📱Go to ⁠Boost Mobile⁠ to switch today! 🏥 Learn more about⁠ Christian Healthcare Ministries⁠ 🏡 Get started today with⁠ Churchill Mortgage⁠ 🔒 Get 20% off when you join ⁠DeleteMe⁠ 🏦 Go to⁠ FAIRWINDS Credit Union⁠ for an exclusive account bundle! 🥗 Save 15% on your first ⁠Field of Greens⁠ order with code RAMSEY ⛨ Find top Health Insurance Plans at ⁠Health Trust Financial⁠ 💸 To find out more about student loan refinancing, check out⁠ Laurel Road⁠ 💻 Visit⁠ NetSuite⁠ today to learn more 🗂️ Use promo code RAMSEY for 18% off at ⁠The Nokbox⁠ 💵 Learn more about ⁠Timothy Plan⁠ 🏛 Get started with ⁠YRefy⁠ or call 844-2-RAMSEY 🔐 Visit⁠ Zander Insurance⁠ for your free instant quote today! Explore more from Ramsey Network: 💸 ⁠The Ramsey Show Highlights⁠ 🧠 ⁠The Dr. John Delony Show⁠ 🍸 ⁠Smart Money Happy Hour⁠ 💡 ⁠The Rachel Cruze Show⁠ 💰 ⁠George Kamel⁠ 🪑 ⁠Front Row Seat with Ken Coleman⁠ 📈 ⁠EntreLeadership⁠ ⁠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.
0:06.7	Start budgeting for free today.
0:12.8	This is the Ramsey show where America hangs out to have a conversation about their money, their profession, and their relationships.
0:20.3	The phone number to jump in today is AAA 825, 5-2-25.
0:25.0	3,8-825, 5-2-25 alongside the incomparable, the fabulous, the wonderful Jade Warshaw.
0:33.0	I'm Ken Coleman, and we're here for you.
0:35.4	Jay's going to help you today on how to save that money,
0:38.6	budget that money, and I'm going to help you on how to make more of the money, and we weigh in.
0:43.4	We always have a good time. You never know what we're going to agree on or disagree on. It's
0:46.9	quite exciting. I love it. It's a bit of potpourri, I like to say.
0:50.5	Okay. You never know. Just a wonderful never know. A melange. Yeah, that's right.
0:55.3	We're going to start it off with George in Riverside, California today.
0:58.9	George, how can we help you today?
1:01.3	Hello, so I've been talking to my wife about whether we should pay off our vehicle or just save our money in the bank.
1:10.6	We have about $32,000 in our savings account.
1:15.7	And then we still owe about $35,000 into our CRV.
1:23.3	We bought the vehicle because we wanted a bigger car because of our, you know, growing family.
1:32.0	And the car that we had previously was just too small.
1:37.0	That's where I'm currently at.
1:39.1	I don't know whether I should just pay it off in full or should I just keep on making my payment each and every month?
1:45.5	Is that your only debt?
1:47.9	That's my own, aside for my mortgage.
	...

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