Rachel Cruze Answers 8 Burning Money Questions

Whether you person a question astir investing, buying a spot oregon managing bills, it’s adjuvant to perceive a fiscal expert’s instrumentality alternatively than simply relying connected proposal from random radical online.

Financial adept Rachel Cruze is known for appearing connected “The Ramsey Show,” wherever she addresses callers’ questions, and interacting with users connected her societal media channels.

In a caller video, the Ramsey property answered 8 burning wealth questions from Instagram users. Even if you don’t person these nonstop questions, you’ll apt inactive larn immoderate invaluable tips.

Cruze recommended having a sinking money successful your fund for car repairs and replacement and noted that the circumstantial magnitude volition beryllium connected factors similar your car’s mileage, property and history.

While $100 to $200 per period mightiness beryllium capable for imaginable repairs, expect to prevention importantly much currency each period for a aboriginal car purchase. For example, Kelley Blue Book noted mean transaction prices of astir $26,000 for utilized and $50,000 for caller vehicles successful October 2025.

You tin look astatine car listings online to get an thought of what’s realistic for your fund and disagreement that magnitude by the fig of months until you expect to regenerate the car. Also, instrumentality Cruze’s proposal to usage a abstracted savings relationship for your car money.

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Cruze responded to a azygous genitor who was juggling aggregate expenses and indebtedness and wanted to negociate wealth better. She recommended utilizing a budget, prioritizing needs and wisely utilizing leftover income for wants and goals. Plus, she advised pursuing Dave Ramsey’s 7 Baby Steps to physique up exigency savings and reclaim income taken by indebtedness payments.

Cruze added, “If you took that magnitude of wealth that you’re spending conscionable connected payments and that was not leaving your paycheck, that’s conscionable yours to keep, past abruptly you person truthful overmuch powerfulness and truthful overmuch margin, which is what we’re shooting for.”

If you’re azygous and unsure whether to get a word beingness policy, Cruze said it chiefly comes down to whether you person dependents who request your income. If so, this benignant of argumentation tin beryllium wise, particularly since the premiums are comparatively affordable. Otherwise, you could inactive get a argumentation if you’d similar to bash thing bully for loved ones oregon screen ceremonial costs.

In immoderate case, Cruze advised against purchasing costlier full beingness security and encouraged having a will, which is important for property planning. Also, see redeeming wealth for end-of-life expenses.