Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Personal Finance and Investing

Happy Hoosier

(9,385 posts)

6. As Dave Ramsey points out, if you have to put it on the card, or take out a loan for it, "YOU CAN'T AFFORD IT."

Reply to 3Hotdogs (Reply #4)

Tue Dec 16, 2025, 09:44 AM

Dec 16

Of course, Ramsey's method has you with a "starter emergency fund" of only $1000 until you pay off non-mortgage debt, so until you have a REAL emergency, your credit cards ARE your emergency fund.

Also, I use credit cards for almost every purchase. I pay the balance in full every month. NOT a Ramsey fan.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

13 replies

= new reply since forum marked as read

Highlight:

New question: Credit score and credit card usage ratio [View all] Beartracks Dec 16 OP

I have a very high credit score. multigraincracker Dec 16 #1

good for you. however, zero effort toward any attempt in answering stopdiggin Dec 16 #3

Bankrate.com has a calculator which may help markodochartaigh Dec 16 #2

Thanks a lot for the link! Just used calculator- very handy. tazcat Dec 16 #7

Credit card to credit card MAY affect the score for a couple of weeks until the balances are reported. 3Hotdogs Dec 16 #4

As Dave Ramsey points out, if you have to put it on the card, or take out a loan for it, "YOU CAN'T AFFORD IT." Happy Hoosier Dec 16 #6

I see nothing wrong with the Ramsey plan. It is one of two --- pay high interest first or lowest balance first. 3Hotdogs Dec 16 #8

Dave Ramsey has a monetary worth of around $200 million. markodochartaigh Dec 16 #10

You're right, there. 3Hotdogs Dec 16 #11

Further thought, most of the people contacting Ramsey are in money trouble. They are stressed out. He gives them 3Hotdogs Dec 16 #9

It varies by bureau a bit, but... Happy Hoosier Dec 16 #5

Your last sentence is what I'm thinking. But... Beartracks Dec 16 #12

No big purchases waiting in the wings. Beartracks Dec 16 #13

Latest Discussions»Culture Forums»Personal Finance and Investing»New question: Credit scor...»Reply #6