Pick Your Community: | Hopkins | Muhlenberg | Daviess | Christian | Fayette | Henderson | Lakes | McCracken | Warren | Webster

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.

3/12 - 718 switched from reg 2 to hopkins only

Stock Report

1 DOW 17,113.54
+61.81 (0.36%)    
2 S&P 1,983.53
+9.90 (0.50%)    
3 NASDAQ 4,456.02
+31.31 (0.71%)    
3/12 - 718 switched from reg 2 to hopkins only
3/12 - 718 switched from reg 2 to hopkins only

In Other News...

Providence Police Reports Released

PROVIDENCE, Ky. (7/21/14) ― The Providence Police Department released the following reports Monday, July 21. Linda… Read More

Injury Collision in Lyon County

EDDYVILLE, Ky. (7/21/14) — The Kentucky State Police responded to an injury collision on I-24 near the 38 mile marker… Read More
3/12 - 718 switched from reg 2 to hopkins only

Most Read This Week (Site-Wide)

July 18, 2014 2910

Madisonville Man Arrested for Meth in…

in Top Stories by Sheriff Curtis McGehee
July 18, 2014 2201

Hopkins County Health Department Food…

in News by Lisa Miller
July 21, 2014 1943

Five Sent to Hospital After Two-Vehicle…

in Top Stories by Rita Dukes Smith, SurfKY News Director
July 18, 2014 1897

K9 Unit Helps Find Meth in Muhlenberg…

in Top Stories by Sheriff Curtis McGehee
July 22, 2014 1862

Madisonville Woman Charged With…

in Top Stories by Madisonville Police Department

Most Read Stories from Hopkins County

July 18, 2014 2910

Madisonville Man Arrested for Meth in…

in Top Stories by Sheriff Curtis McGehee
July 22, 2014 1862

Madisonville Woman Charged With…

in Top Stories by Madisonville Police Department
July 19, 2014 1005

Local Hip-Hop Artist, Marack, Talks About…

in Top Stories by Amber Averitt, SurfKY News
July 21, 2014 962

Three Injured in Three-Vehicle Collision…

in Top Stories by Rita Dukes Smith, SurfKY News Director
July 21, 2014 945

Madisonville Fire Chief Announces…

in Top Stories by Rita Dukes Smith, SurfKY News Director

Most Read Stories from Owensboro

July 18, 2014 1584

Owensboro Police Department Reports…

in News by Dennis Beard, SurfKY News
July 21, 2014 922

Portion of Southeastern Parkway Closed…

in News by Beth Cecil
July 22, 2014 428

Alliance for a Drug Free Owensboro and…

in News by Carla Shelton
July 18, 2014 409

Owensboro Begins Year-Long, Long Range…

in Top Stories by Dennis Beard, SurfKY News
July 21, 2014 398

Strahan Selected as Cravens Elementary…

in Top Stories by Julie Ellis

Most Read Stories from Muhlenberg County

July 21, 2014 1943

Five Sent to Hospital After Two-Vehicle…

in Top Stories by Rita Dukes Smith, SurfKY News Director
July 18, 2014 1897

K9 Unit Helps Find Meth in Muhlenberg…

in Top Stories by Sheriff Curtis McGehee
July 18, 2014 1774

Man Injured in Depoy Accident

in Top Stories by Trooper Stu Recke
July 18, 2014 1472

From New York to Greenville, Iron Beam…

in Top Stories by Charles W. Riley II, SurfKY News
July 19, 2014 1390

Cash Mob Descends on Muhlenberg…

in Top Stories by Rita Dukes Smith, SurfKY News Director

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