Category: Credit

Dave Ramsey Shouldn’t Be Teaching Finance Volume 2! Clarkgym22 Comments

emergency-saving

To be honest I’m not the type of person that really likes to rag on people and their ideas. So, when I was presented the opportunity to write this series, I was naturally a bit concerned if it was a good idea or not. However, I agreed and wrote the first post based on a few articles I researched.

Well, after looking more into Dave Ramsey’s theories, I’m happy I decided to take part in this project. The guy’s views on many things are absolutely crazy! So, for the next few weeks, I’ll be picking apart his ideas like a buzzard on road kill. Today, we’re going to talk about his insane $1,000 savings idea.

What Is Ramsey’s $1,000 Savings Rule?

Dave promotes a wacked out idea that if you have credit card debt, you should put a thousand dollars into savings for emergencies. Once you have a thousand bucks saved, you should use the rest of the money you have available to pay down your credit card debt.

Why This Idea Is Seems OK

Everyone Knows Having Savings Is A Good Idea – We all know that saving for emergencies is a good idea. Psychologically, we take what we know being that savings…
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By : Josh Rodriguez | 5 May 2014
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dave-ramsey

Why Dave Ramsey’s Ideas on Credit Are Crazy

By : Josh Rodriguez | 28 Apr 2014

Have you heard of Dave Ramsey? Of course you have. He’s a well know personal finance expert with a following that I could only dream of. However, I’d also like to point out that the man is absolutely crazy. OK, so maybe I’m being a …

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visa-cards-designs

Choosing A Visa Card Design

By : Adam | 22 Apr 2014

The following is a guest post about visa card design. If interested in submitting a guest post please read my guest post policy and then contact me. Who wants a boring debit card? Say goodbye to the dull standard versions issued by your bank. With a …

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personal-finance

10 Ways to Improve Your Personal Finances

By : Adam | 4 Apr 2014

The following is a guest post about personal finances. If interested in submitting a guest post please read my guest post policy and then contact me. Americans are struggling financially. Wages are stagnant, consumer spending is down, decent jobs are hard to find, and gas and …

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credit-card-bonuses

An app-o-rama for hundreds of dollars?

By : Adam | 17 Feb 2014

Back in the 2000s the rage among credit card enthusiasts, if there is such a thing, was 0% balance transfer offers. Not to pay down debt, but to get a free loan and earn interest. They would apply for 0% offers, max out the cards …

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importance-of-credit-cards

How Important Is It To Have A Credit Card?

By : Josh Rodriguez | 17 Feb 2014

Credit cards are one of the most widely accepted ways to pay around the world. However, just because something is widely accepted, doesn’t necessarily mean it’s something that you should have. For instance, cigarettes were widely accepted years ago, and it’s definitely not nor was …

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credit-cards-lender

What To Do When You’ve Had Enough of Lenders

By : Josh Rodriguez | 3 Feb 2014

Hey everyone, thanks for swinging by! Today, I’d like to touch on a subject that I know affects tons of people. It’s credit cards. Now, I’m not talking about credit card debt, I’m talking about when you’ve HAD IT UP TO HERE with a lender. …

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