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Wednesday, April 7, 2010 as of 11:14 AM ET

Dave Ramsey

David L. Ramsey III (born September 3, 1960) is an American financial author, radio host, television personality, and motivational speaker.

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Should My 15-Year-Old Son Have His Own Savings Account?

Dear Dave,I'm a single dad with two teenagers at home.

My 15-year-old son wants to open a checking account of his own, but he doesn't want me or anyone else to have access to it. Should I just let him do this and suffer the consequences I know are coming?TimDear Tim,When it comes to 15-year-olds, as a parent you have every right to say, "My food, and my roof. You do what I say." With kids this age you never know what you're getting. Half the time you're talking to a 35-year-old, and the other half they're 5 again.At that age, I think you let them do, or not do, these things based on their ability to perform well in life. To the extent they behave and show some sense, you lengthen then rope and give them more freedom and privileges. If they act like doofuses, you shorten the rope. Remember, no is a complete sentence. Can you tell I've raised teenagers ?If it were my son, I'd sit him down and gently explain that he doesn't have the capacity or knowledge to manage this idea by himself jus...

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  1. Should You Downsize Your Home to Shed Debt Faster?

    Dear Dave,Is it ever a good idea to sell your home and buy a smaller, less expensive one in order to get out of debt more quickly?-AutumnDear Autumn,It's a good idea...

  2. Ramsey: Private Schools Are No Indicator of Future Success

    The Dave Ramsey Show host Dave Ramsey sounds off on pre-college student loans.

  3. Writing a Will: How to Determine Who Gets What

    Dear Dave,My husband works two hours away from home. He gets up at 3 a.m. and doesn't get home until 7 p.m. We have a fully funded emergency fund, and he makes $95,0...

  4. Paying Bills With a Credit Card: Good Idea or Nonsense?

    Dear Dave,I want to keep one of our credit cards open and use the bill-pay option for utilities and other monthly bills. I want to do this so we can continue earning...

  5. 5 credit cards you won't find anywhere else

    Record numbers of banking executives packed a well-known resort outside Orlando in the latter half of March to swap industry gossip and to show off the latest innova...

  6. Dave Says: A Nice Car Doesn't Prove You're a Doctor

    Dear Dave,Is there some way to put a block on a credit report prior to sending a kid to college, so that the credit card hustlers can’t get to them?-TrevorDear Trevo...

  7. Why You Need to Create a New Budget Every Month

    Dear Dave,I was wondering why you recommend doing a fresh budget every month. Once you’ve figured out your expenses and income, won’t the same budget work month to m...

  8. It's Never too Late to Learn About Personal Finance

    Dear To Her Credit,Where can one find local finance courses to improve personal finances? I need to learn how to boost my credit score, find out how much debt I have...

  9. When You Should Move for a Job

    Dear Dave,We keep getting offers in the mail from a law firm that offers to protest the assessed value of our home for property tax purposes. They say that we’ll pay...

  10. One in 4 Student Loans Delinquent

    Radio host Dave Ramsey discusses whether student loans could be the nation’s next financial crisis.

  11. How to Win the Spending Battle, Without Losing the Relationship War

    Dear Dave,My husband and I have been through Financial Peace University. I’ve always been the numbers nerd, although he’s catching on and doing pretty well. He has a...

  12. When Does Remodeling a Home Make Sense?

    Dear Dave,My husband’s company recently told everyone that massive layoffs are coming, and they should start looking for other jobs. Right now, all of his options ar...

  1. How the New Facebook Millionaires Can Protect Their Wealth

    Personal Capital CEO Bill Harris on the biggest mistakes that newfound millionaires should avoid.

  2. Leaving the Workforce...Now What?

    Dear Dave,I have a problem with impulse spending. I switched to a debit card so that the money comes straight out of my checking account, but I still buy things I kn...

  3. Getting Out of Debt Doesn't Make You Instantly Wealthy

    Dear Dave,I'm about to complete Baby Step 3. I've been very intense about following your plan, but I was wondering if there's ever any kind of frustration or letdown...

  4. FDIC Insurance: You Can Bank on It

    Socking away your money in a bank account leaves many investors queasy -- and for good reason. Personal loss resulting from bank failures has affected too many Ameri...

  5. It's OK to Ask for Financial Assistance

    Dear Dave,I just lost my job due to company-wide layoffs. I have an emergency fund, but I'm losing my health insurance. Our state has a program that covers children'...

  6. Who Should Balance the Check Book: Wife or Husband?

    Dear Dave,Does it matter whether it's the husband or the wife who keeps the checkbook and pays the bills? Lots of people say that kind of thing is the man's job, but...

  7. Are Credit Cards the Biggest Threat to College Students?

    SmartCredit.com Consumer Education President John Ulzheimer on the lack of financial literacy of college students.

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