She earns $145,000 a year in tech. She just had a baby. And she's covering every bill on her own while her boyfriend, a car salesman, hasn't made a sale. The situation came to light during a recent episode of “The Ramsey Show,” where Ashley from Ann Arbor, Michigan, laid it out plainly. “My boyfriend and I just had a baby,” she said. “He's 11 weeks old right now. My boyfriend is a car salesman and has not been making sales. So I have been paying all of our bills.” Don't Miss: The ‘ChatGPT of Marketing' ...

When it comes to personal finance and children, Trump Accounts have grabbed recent headlines. According to the administration of President Donald Trump, the program is designed to build long-term financial security of kids through tax-advantaged investment accounts. For eligible children, $1,000 will be contributed to the account. But before you invest your own money, read the concerns an attorney and financial expert shared with GOBankingRates. Also see three alternatives to a Trump Account that will y ...

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 ...

Core Viewpoint - The media has overstated the financial burden of raising children, and concerns about money should not delay family planning according to personal finance expert Dave Ramsey [1][2]. Group 1: Cost of Raising Children - Ramsey argues that the initial costs of raising children, such as formula and diapers, are manageable, and after the first few years, children primarily consume household food [2]. - The average annual cost of raising a child under five has increased by 4.5% year over year, reaching $27,700 last year, as reported by SmartAsset [3]. Group 2: Financial Stability and Family Planning - Ramsey emphasizes that couples should not wait to achieve financial stability before having children, stating that wealth is not a prerequisite for raising good children [2]. - He suggests that couples should work together towards long-term financial goals rather than viewing children as obstacles to debt repayment or wealth accumulation [2][4]. Group 3: Marriage and Financial Readiness - Ramsey advises that individuals should marry when they feel ready, rather than postponing until they have built wealth, as long as both partners agree on financial management [3]. - He acknowledges that delaying family planning may be reasonable during emergencies or significant financial setbacks, but not for long-term goals like paying off a mortgage [4].

The eight personal finance startups that made the Forbes #Fintech50 list for 2026 aim to build a better foundation for people’s finances by having access to loans, tools for budgeting and a more tailored banking experience.Learn more: https://t.co/H8yDoIJUy5📸: Monarch https://t.co/PadFpHvtUe ...

A newly single mom in Irvine, California, thought a $1.3 million divorce settlement would provide stability after what she described as a “really hellacious divorce.” Instead, she found herself staring at an $8,000 monthly rent bill that had her saying, “It almost feels illegal.” She called into “The Ramsey Show” recently to ask what to do next. Irvine Prices Don’t Care About Divorce Settlements Karen, a full-time mom with two teenagers at home, finalized her divorce after five years of legal battles. ...

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There’s a ton of advice out there on how to make more money and cut your expenses so you can “get rich.” Not all advice is good advice, though. That’s why personal finance influencer Ramit Sethi recently shared a YouTube video all about the advice you should avoid while pursuing your financial goals. Here are his thoughts. 1. Focusing on Extreme Frugality It’s tempting to try to reduce every little expense as much as possible to save money and grow your wealth. Sethi argued that’s a mistake. Putting to ...

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There’s no shortage of budgeting and spending rules when it comes to personal finance. One says you shouldn’t spend more than 30% of your monthly income on housing. Another says to always save 10% of your income. Don’t take more than 4% out of your retirement nest egg. And then there’s the golden ratio budget. Here’s why Morningstar says you should consider this strategy. A financial advisor can help you create a financial plan for your needs and goals. This budgeting approach breaks down your monthly s ...