“It’s not an intellectual circus. It’s not that hard,” he added. “You’re living drama to drama, crisis to crisis, and you’re letting that stuff dictate your life rather than you dictating to that stuff.”“It sounds like you’re circling around the airport and refuse to land.”According to the survey, a quarter of workers who earn $100,000 or more per year say they’re living paycheck to paycheck. But what’s surprising is that those who made triple that much, like Maria, were even more cash-strapped: 41% of resp ...

A married couple in Montreal is staring down 1.8 million Canadian dollars ($1.3 million) in total debt while expecting their second child. The 35-year-old husband works as a nurse and says their household income is about CA$110,000 to CA$120,000 a year before taxes, yet CA$22,000 went out in a single month once he finally built a real budget. That financial breaking point prompted him to share the situation on “The Ramsey Show.” “I had my aha moment,” he said. “I don't know what exactly to do.” ‘The Hou ...

A 50-year-old Ohio woman wants to make a change. And a recent hospital stay that led to lost wages prompted her change of heart. Ann from Cincinnati called into The Ramsey Show because she is living paycheck-to-paycheck and has no retirement savings. Must Read Willing to admit she wasn’t good with money, she said she didn’t have a relationship with her family growing up to learn how to budget (1). Ann added that she was overwhelmed about where to start. Ramsey Show co-host Ken Coleman offered some opt ...

Making a six-figure income should not result in choosing which bills to skip each month. But one New York couple says that is exactly where they are: in the red almost every month, juggling payments and buried under debt. The situation came to light on “The Ramsey Show,” when Natalie explained that she and her husband earn about $200,000 “on paper” but still feel like they are drowning financially. At one point, she said she had downloaded Dave Ramsey's EveryDollar budgeting app but couldn’t afford the pr ...

Core Insights - A 24-year-old individual is earning approximately $180,000 annually in sales, a significant achievement considering his background of growing up in poverty [1] - He aims to be mortgage-free by age 30, currently managing a $2,400 monthly mortgage payment [1][2] - The individual plans to allocate an additional $3,000 monthly towards his mortgage principal, targeting to eliminate the loan within six years [2] Financial Management - The individual admits to spending excessively and is uncertain about his expenses, indicating a lack of budgeting [2][4] - There is a strong consensus among commenters emphasizing the importance of building an emergency fund, with recommendations to save at least six months' worth of expenses, ideally twelve months, due to the volatility of sales income [3] - Commenters advise creating a budget by reviewing three months of bank statements, categorizing expenses, and tracking spending to gain better financial control [4][5]

Economic Concerns - Concerns about a potential recession have resurfaced due to higher interest rates, elevated living costs, and ongoing economic uncertainty [2] - While the U.S. economy shows resilience in employment, many households remain cautious about spending due to higher borrowing costs and persistent inflation [2] Financial Preparedness - Preparing finances for economic uncertainty is advisable, with a focus on practical, controllable steps rather than emotional reactions to headlines [3] - Financial planners recommend maintaining an emergency fund covering three to six months of essential expenses to mitigate risks during economic slowdowns [6][9] Budgeting Strategies - Creating a budget is essential for clarity on monthly expenditures, especially with elevated credit card interest rates [4] - The goal of budgeting is awareness, allowing individuals to gain control over their finances [5] Emergency Fund Importance - Strengthening an emergency fund is crucial, with recommendations to start small if the full goal feels overwhelming [6] - Additional income from freelance or gig work can help accelerate savings and provide flexibility [7] Market Behavior - Market volatility tends to increase during economic uncertainty, but historically, stock markets recover before economic data improves [8][9]

Saving whatever is left at the end of the month sounds responsible. It feels disciplined. It feels practical. But as one Reddit user recently put it, for most people, “nothing is left.” That simple observation sparked a massive discussion in the r/povertyfinance community about everyday money habits that feel normal, but quietly drain wealth over time. The consensus was that if you wait to save until after everyone else gets paid, you usually end up paying yourself last. Pay Yourself First, Not Last Th ...

If you’re like many of us, you might’ve kicked off the year with a New Year’s resolution to save more money. Naturally, that sets the stage for a frugal January. But what happens for the rest of the year? Like most resolutions, you might shift back into your old spending habits and put off getting your finances together until next year. If you jumped on the trend of committing to a frugal January, this guide can help you turn that one-month commitment into a year-round money reset. Take a Look Back at Y ...

Making half a million dollars a year should solve most money problems. But for one Texas couple, it hasn't. During a recent episode of “The Ramsey Show,” co-hosts Jade Warshaw and George Kamel took a call from Sydney, who said she and her husband bring in about $40,000 a month. Yet despite that income, she admitted they often feel like they're waiting on payday. Don't Miss: Missed Nvidia and Tesla? RAD Intel Could Be the Next AI Powerhouse — Just $0.85 a Share Put professional stock research to work in ...

Core Insights - Financial literacy is essential, yet many individuals lack a full understanding of saving, budgeting, and debt management [1] - Small habits can significantly impact financial well-being over time, as highlighted by financial influencer Nischa [1] Group 1: Financial Habits - The first habit is to align spending with personal priorities, emphasizing that money should reflect what individuals truly care about [2] - Nischa suggests writing down top priorities and analyzing spending to identify discrepancies [2] - Experts from Ramsey Solutions support the idea of prioritization and recommend categorizing priorities into daily, weekly, and seasonal time frames [2] Group 2: Financial Management Practices - Setting a monthly "money date" is recommended, where individuals review past spending and set achievable financial goals for the upcoming month [3][4] - During this review, the focus should be on small, attainable goals, such as saving an extra $200 or increasing investments by 1% [4] Group 3: Investment Strategies - Embracing automation for recurring expenses and subscriptions is advised to reduce stress and improve financial management [5] - Investing small amounts early is highlighted as a key driver of long-term wealth, with a recommendation to consider low-cost index funds [6]