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

Dave Says - April 28, 2013

davesays300 greenKENTUCKY (4/28/13) – This week Dave discusses Starting over after divorce and Should she have skin in the game?
 
Dear Dave,
My divorce will be final in a month, and I’ll have $100,000 when everything is over. I will also have $8,000 in credit card debt, and I’m currently unemployed. Do you have any suggestions to help me move forward? - Meryl

Dear Meryl,
The first thing I want you to do is raise your right hand and promise never to use credit cards again. Then, if you still have any of those awful things, I want you to cut them up and close out the accounts. The next step is for you to find some kind of income, whether it’s a regular job or just something part-time to get money rolling in on a regular basis.

Your credit card debt is a small part of your financial picture right now. I think I’d go ahead and pay off the cards. That way, you’ll be debt-free and still have $92,000 in the bank. But here’s the key. You have to live like that money doesn’t exist. Use just enough to get yourself settled, and go make some money so you can eat and keep the lights on.

A year from now, when you’re past some of this stuff emotionally and looking toward a new future, that money will still be sitting there. As long as you have this mentality, you’ll come through this mess stronger and in good financial shape. God bless you, Meryl! - Dave

Dear Dave,
My daughter has the opportunity to take a trip with her eighth-grade class. The cost is $650. Do you think she should have to contribute to the cost of the trip, or should I cover it all? - Colleen

Dear Colleen,
This is a really good question. When it came to making these kinds of decisions at our house, we’d take a look at whether the kid was behaving, getting good grades and stuff like that. It can be a challenge at that age, I know. But if they were living like responsible young people, we would pay for this sort of thing as a reward.

Still, at that age a kid should definitely have some skin in game. If you can pay for this without breaking the bank, and she’s fulfilling her responsibilities as a good kid, it would be a good idea to make her come up with her own spending money for the trip. You don’t want her to grow a sense of entitlement, and doing this would force her to work and save a little bit to make this thing happen! - 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
3/13 - 16
3/12 - 718 switched from reg 2 to hopkins only
3/13 - 16
3/12 - 718 switched from reg 2 to hopkins only
3/13 - 16

In Other News...

Purchase Area Writing Project

MURRAY, Ky. (7/10/14) — Sixteen teachers from western Kentucky participated in the Purchase Area Writing Project at… Read More

Murray Calloway Endowment for Healthcare's Fourth Annual Golf Tournament Set for Aug. 29

MURRAY, Ky. (7/9/14) — The fourth annual Murray Calloway Endowment for Healthcare Golf Classic, Murray’s largest… Read More
3/12 - 718 switched from reg 2 to hopkins only
3/13 - 16

Most Read This Week (Site-Wide)

July 08, 2014 9954

UPDATE: Arrest Made in Shooting Death of…

in Top Stories by Charles W. Riley II, SurfKY News
July 07, 2014 5557

Madisonville Police Bust Prostitution…

in Top Stories by Major Chris Taylor
July 06, 2014 4980

Hanson Man's Body Discovered in House…

in Top Stories by Information provided by Det. Shawn Bean
July 07, 2014 4937

Parents Arrested for Leaving Minors in Car

in Top Stories by Madisonville Police Department
July 09, 2014 3143

Madisonville Woman Arrested for Alleged…

in Top Stories by Madisonville Police Department

Most Read Stories from Hopkins County

July 07, 2014 5557

Madisonville Police Bust Prostitution…

in Top Stories by Major Chris Taylor
July 07, 2014 4937

Parents Arrested for Leaving Minors in Car

in Top Stories by Madisonville Police Department
July 09, 2014 3143

Madisonville Woman Arrested for Alleged…

in Top Stories by Madisonville Police Department
July 07, 2014 2773

MPD Responds to Fight, Drug Arrest Results

in Top Stories by Madisonville Police Department
July 08, 2014 1956

Mother Arrested at Days Inn Bar for Child…

in Top Stories by Madisonville Police Department

Most Read Stories from Owensboro

July 07, 2014 1238

Section of Kentucky 1456/Newbolt Road in…

in News by Keith Todd
July 08, 2014 1228

Nashville Predators are Coming to the…

in News by Brittni Bunn
July 08, 2014 1125

Owensboro Police Department Reports…

in News by Dennis Beard, SurfKY News
July 08, 2014 1089

Owensboro Neighborhood Alliance Meeting…

in News by Abby Shelton
July 07, 2014 580

Owensboro Man Charged with Attempted…

in Top Stories by Dennis Beard, SurfKY News

Most Read Stories from Muhlenberg County

July 08, 2014 9954

UPDATE: Arrest Made in Shooting Death of…

in Top Stories by Charles W. Riley II, SurfKY News
July 07, 2014 2476

Life of Muhlenberg Son Hank Becker to be…

in Top Stories by Paul McRee, SurfKY News
July 08, 2014 2125

Two Vehicle Collision with Injuries

in Top Stories by Charles W. Riley II, SurfKY News
July 06, 2014 1825

Lake Malone Park Enjoys Busy Fourth of…

in Top Stories by Paul McRee, SurfKY News
July 08, 2014 1758

Graham Man Arrested on Several Charges

in Top Stories by Sheriff Curtis McGehee

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