Pick Your Community: | Hopkins | Muhlenberg | Daviess | Christian | Fayette | Henderson | Lakes | McCracken | Warren | Webster
Davis Motor Sales banner ad

Dave Says – May 19, 2013

davesays300KENTUCKY (5/19/13) – This week Dave discusses She wants to work and Financing the college experience.
 
Dear Dave,
I’m a stay-at-home mom now, and my husband brings home $2,600 a month. We’re trying to get out of debt, but we need more money coming in. I want to go back to work, but emotionally part of me feels like I should stay home with our 2-year-old daughter. What do you think? - Kayla

Dear Kayla,
I understand the feelings involved, especially if you’ve spent all of your time home with your child. But don’t make the mistake of blaming the debt if you simply want to go back to work. You’re not a bad person if you have kids and you work outside the home.

I have several ladies on my team who have young children, and they work 40 hours a week. Guess what? They’re excellent mothers! Anyone who says a woman can’t be a great mom because she works outside the home is full of crap. On the other hand, if anyone says you’re not fulfilling yourself as a person or you’re stunting your intellectual development because you’re a stay-at-home mom, they’re full of it too!

I’d advise you and your husband to sit down, talk about this a lot, and pray about the situation. Don’t worry about what anyone else thinks, because it’s none of their business. You guys are in charge of your lives and your family. That makes it your job to decide what’s best.

If you want to stay at home, and you guys can make it happen financially, that’s a great thing. If you can’t right now, or you simply want to go back into the workforce, that’s fine too. It’ll help solve your debt problem. Then after you’ve got your money under control, you might find you want to come home again. The option will be there.

For now, I think you should go back to work. Why? Because you want to! - Dave
 
Dear Dave,
We live in New Jersey, and my wife and I can afford the $10,000 to send our son to a state college. However, we have a younger child who is heading to college in a couple of years, and I’m having a hard time justifying room and board when he can commute. My wife doesn’t have a problem paying for it, even though it would mean taking out a loan. What do you think? - Andy

Dear Andy,
I’m with you on this one. If you had an extra $40,000 lying around, this wouldn’t be an issue. But if you’re talking about borrowing money just for him to live in a dorm, my answer is a resounding no!

If your son, or your wife, wants the “college experience” to be part of the equation, then Junior can get a job to pay for the added expense. Anyone can make $10,000 a year delivering pizza while in school, and it would be a great life experience. You might spot him a little something to get him in there and get things going, but I’d make it contingent on him working to pay the remainder.

There’s no reason to take out loans for something like this. It sounds like you guys can cash flow the important stuff, but make sure this kid learns what work is and why it’s important. I worked full time while I was in college and still graduated in four years.

Besides, most college dorm rooms look a lot like prison cells; they’re tiny, with concrete block walls and maybe a window, if you’re lucky. Does this really sound like an “experience” worth going into debt for? I don’t think so! - Dave

* Dave Ramsey is America’s trusted voice on money and business. He’s authored four New York Times best-selling books: Financial Peace, More Than Enough, The Total Money Makeover and EntreLeadership. The Dave Ramsey Show is heard by more than 6 million listeners each week on more than 500 radio stations. Follow Dave on Twitter at @DaveRamsey and on the web at daveramsey.com.
 

Disclaimer: The content supplied by columnists and letters to the Editor on this site does not in any way, shape or form, implied or otherwise, necessarily express or suggest endorsement or support of any of such content, statement, or opinions therein. SurfKY News does not necessarily adhere to or endorse content provided by outside non-staff sources.

© Copyright 2014 SurfKY News Group, Inc. All rights reserved. This material may not be published, broadcast, or rewritten without permission. SurfKY News encourages you to share this story by using one of the social media links below.

In Other News...

Drug Task Force Busts Bowling Green Man For Meth Lab, Stolen Property

BOWLING GREEN, Ky. (4/18/14) - The Bowling Green-Warren County Drug Task Force, with assistance from Kentucky State… Read More

MPD Arrests Juveniles for Reason Rash of Arsons

MADISONVILLE, Ky. (4/19/14) — Detectives with the Madisonville Police Department Criminal Investigation Unit placed… Read More

Most Read This Week (Site-Wide)

April 16, 2014 19682

UPDATE- Sheriff's Office Following Leads…

in Top Stories by Taylor Riley, SurfKY News Reporter
April 17, 2014 4446

KSP Nabs St. Charles Man Wanted by U.S.…

in Top Stories by Trooper Stu Recke
April 16, 2014 3326

Sheriff's Deputies Nab Central City…

in Top Stories by Sheriff Curtis McGehee
April 17, 2014 3111

Meet The Hopkins County Magistrate…

in News by Rita Dukes Smith, SurfKY News Director
April 16, 2014 1868

Rand Paul - 'We Need a New President'

in Top Stories by Paul McRee, SurfKY News Reporter

Most Read Stories from Hopkins County

April 17, 2014 4446

KSP Nabs St. Charles Man Wanted by U.S.…

in Top Stories by Trooper Stu Recke
April 18, 2014 1189

Talking Teen Trashed Telephone Pole,…

in Top Stories by MPD
April 18, 2014 948

Earlington Traffic Stop Results in Meth…

in Top Stories by Trooper Stu Recke
April 19, 2014 848

Fifth Third on Main Street Comes Down

in Top Stories by Rita Dukes Smith, SurfKY News Director
April 17, 2014 767

Center Street-Island Ford Connector in…

in Top Stories by Rebecca Hanchett

Most Read Stories from Owensboro

April 16, 2014 1148

New Home Health Care Opens in Owensboro

in News by Dennis Beard, SurfKY News
April 18, 2014 1096

Daviess County School Board Hears…

in News by Dennis Beard, SurfKY News
April 18, 2014 1038

One Arrested, Another Injured in Single…

in News by J.D. Marksberry
April 16, 2014 903

DCPS to Celebrate National Volunteer Week

in News by Lora Wimsatt
April 17, 2014 317

Owensboro Public Works Declares 'War on…

in Top Stories by Abby Shelton

Most Read Stories from Muhlenberg County

April 16, 2014 3326

Sheriff's Deputies Nab Central City…

in Top Stories by Sheriff Curtis McGehee
April 16, 2014 1523

South Carrollton Woman Injured in Head-on…

in Top Stories by Trooper Stu Recke
April 17, 2014 1487

Bremen Man Charged for Possession of…

in Top Stories by Muhlenberg Sheriff Curtis McGehee
April 16, 2014 1336

Three Injured in Kentucky 70 Collision

in Top Stories by Trooper Stu Recke
April 17, 2014 1321

Watson Family Tragedy Inspires Muhlenberg…

in Top Stories by Paul McRee, SurfKY News Reporter

SurfKY News Group, Inc. Central Office & Printing Division
1125 Nebo Rd.  •  Madisonville, KY 42431  •  270.452.2249 (fax)
Main Number: 270.452.2727 (phone)  •  Printing Division Direct Line: 270.821.8600 (phone)

SurfKY Owensboro News Bureau
920 Frederica St. / Suite 210  •  Owensboro, KY 42301  •  270.683-8060 (phone)


Contact a member of our staff: www.surfky.com/contact
Copyright © 2014 SurfKY News Group, Inc.  •  Terms of Use  •  Site Map

social 06social 21social 22social 04social 03