The US will not go cashless in the foreseeable future because our cash is the international reserve currency. Other countries and their residents use and want our currency. If others do no longer need our cash, the overall value of cash nationally and internationally will decline. Ramsey’s comments are surprisingly good, for him.
Sounds like you are not a Ramsey fan?
Ramsey occasionally makes financial sense but he come’s across the media as an arrogant jerk.
He is very good for those who appear to be addicted to debt or otherwise unable to get out of debt. Some of the financial planning and investing recommendations I have heard him make were less than good. I admit to not listening to him for several years and have no need to start.
Recently read one of his books in which he recommended that a person should budget by putting cash in envelopes and paying the bills with cash.
My opinion is that that’s nonsense.
It’s an antiquated approach that may or may not work today. But, my parents did that for their first 15 or so years of marriage. They hated debt and, except for our house, didn’t buy it if they didn’t have the cash. With only low paying jobs, they paid off their mortgage within 7 years.
I agree, for those buried in debt Dave’s a good place to start and has some good advice, but some is questionable. I haven’t listened to him in years, but have seen a few videos from his organization on YouTube. Rachel Cruze, who I think is Dave’s daughter has some decent everyday advice on his channel.
I like Clark’s once a week financial advisor fill in Wes Moss, he’s easy to listen to and offers real advice that I’ve learned a lot from.
That was a thing back in the 1980’s, I remember my friends mom doing that. It may be good to teach budgeting but IMO isn’t very practical.
My off the boat Polish inlaws did the same thing and still live in that home. They bought their cars for cash and didn’t have a checking account until I started dating my with thirty some years ago.
My dad was the son of Polish immigrants, but it was said of my mother that she squeeze a penny until Abe cried out for help.
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