Buying your teenager a new car might feel like a generous and proud parenting moment, but personal finance expert Dave Ramsey says it could do more harm than good. “The best thing to do for your kids is have them buy their own cars,” Ramsey wrote in a post on X, warning parents that buying brand-new vehicles for teenagers can “set them up for a life of ridiculous expectations” and to “think about their future.” Let Kids Work And Save For It Still, Ramsey acknowledges that some parents are in a positio ...

Why do you think it's important to know what our financial habits are and to think about them. I love that question. Self-awareness from my research.It is one of the most powerful tools toward choosing the right strategies for change. In fact, this is kind of the thesis of my book, How to Change. And the the key insight from my career is that once we understand what our adversary is, what's holding us back um whether it's overconfidence or uh a lack of having the right social supports or um maybe it is that ...