You need actions on debt, not words

  • Financial advice: Dave Ramsey warns against buying things just to impress other people (File photograph)

    Financial advice: Dave Ramsey warns against buying things just to impress other people (File photograph)


Dear Dave,

My husband and I have about $20,000 in credit card debt, plus payments on a new truck. We also have a camper he bought before we got married that weíre still making payments on. I recently received a $50,000 inheritance, and Iíd like to use that money to help get us out of debt and open a savings account. My husband says he is on-board, but he keeps buying things we donít have the money for. I donít want the inheritance to go to waste, so what can I do?

TESSA

Dear Tessa,

I want you guys to get control of your finances and have a better life, too. But until your husband is willing to get rid of the camper and the truck, Iíd hang on to the inheritance money.

Right now, you need more than his words ó you need his actions. At this point, the real issue isnít the debt or the idea of using the gift you received to pay off the debt. The issue is you canít see a future where your husband isnít going to repeat the same financial stupidity. You need to have that future cleared up, and it isnít going to be cleared up until he proves he has changed his heart and his ways. In his case, that means showing he has become a grown-up and isnít buying toys he canít afford any more.

I know where you are, and I know where he is right now. Iíve been there. Years ago, I was a ďgrown manĒ but I was still really a little boy buying things I couldnít afford to impress people I didnít even know. This guy likes stuff. He likes shiny trucks, shiny things to pull behind shiny trucks, and that sort of thing.

But itís time for him to sell all that stuff, grow up, and start putting you and your family first. Keep talking to him. Explain how important it is to you that youíre both on the same page financially and in every other aspect of your marriage. Until he proves heís ready to do that, though, Iíd say just hold on to the inheritance money.

óDAVE

ē Dave Ramsey is CEO of Ramsey Solutions. He has authored seven bestselling books, including The Total Money Makeover. The Dave Ramsey Show is heard by more than 14 million listeners each week on 600 radio stations and multiple digital platforms. Follow Dave on the web at daveramsey.com and on Twitter at @DaveRamsey.

You must be registered or signed-in to post comment or to vote.

Published Jan 19, 2019 at 8:00 am (Updated Jan 19, 2019 at 1:31 am)

You need actions on debt, not words

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon

  • Take Our Poll

    • "Your new year's resolutions for 2019"
    • Quit smoking
    • 4%
    • Quit drinking/drink in moderation
    • 7%
    • Do not drink and drive
    • 2%
    • Lose weight
    • 40%
    • Stop procrastinating
    • 22%
    • Drive with greater care
    • 2%
    • Other
    • 22%
    • Total Votes: 2607
    • Poll Archive

    Today's Obituaries

    eMoo Posts